Market Newsdesk

December 3, 2020 6:34 am

3M to Advance Operating Model, Improve Cost Structure, and Accelerate Innovation

Enhanced operations and marketing capabilities position company to better capitalize on global trends

PR Newswire

ST. PAUL, Minn., Dec. 3, 2020 /PRNewswire/ — As the global economy shifts in the wake of the COVID-19 pandemic, 3M (NYSE: MMM) is advancing its operating model, streamlining its business, and focusing on global trends where the company will apply science to life in new ways to drive sustainable growth.

“The COVID-19 pandemic has advanced the pace of change and disrupted end markets around the world, increasing the need for companies to adapt faster,” said Mike Roman, 3M chairman and chief executive officer. “At the same time, we are seeing significant opportunities from our new operating model which we launched at the start of the year. As a result, we are taking further actions to streamline our operations, positioning us to deliver greater growth and productivity as global markets emerge from the pandemic.”

In January 2020, 3M launched a new global operating model – a significant step in the company’s transformation – which has evolved the way 3M works, enabling the company to be more customer focused and responsive, helping 3M to lead during the pandemic.

With the actions 3M is announcing today, the company will further enhance its operations and marketing capabilities. In operations, 3M will eliminate redundancies and better use analytics to drive additional efficiencies. In marketing, 3M will build on its success in utilizing data insights, accelerating global marketing programs, and activating digital engagements with customers.

3M will be better positioned to take advantage of global market trends in e-commerce, personal safety, health care, automotive electrification, and home improvement. At the same time, the company plans to de-prioritize investments in end markets where growth is slower.

Restructuring and Expected Annual Savings

3M is planning to initiate restructuring actions that will impact all business groups, functions and geographies. As a result, the company expects to take a total pre-tax charge of $250 to $300 million, with $120 to $150 million in the fourth quarter of 2020. The remainder of the pre-tax charge is currently anticipated to be incurred primarily in the second half of 2021. 3M anticipates annual pre-tax savings of $200 to $250 million from these actions, with $75 to $100 million of pre-tax savings in 2021.

The restructuring is expected to impact approximately 2,900 positions globally.

Upcoming Event

3M will participate in the Credit Suisse 8th Annual Virtual Industrials Conference today, Dec. 3, 2020. Mike Roman, chairman and chief executive officer, and Monish Patolawala, senior vice president and chief financial officer, will speak at 8:10 a.m. EST.

Forward-Looking Statements
This news release contains forward-looking information about 3M’s financial results and estimates and business prospects that involve substantial risks and uncertainties. You can identify these statements by the use of words such as “anticipate,” “estimate,” “expect,” “aim,” “project,” “intend,” “plan,” “believe,” “will,” “should,” “could,” “target,” “forecast” and other words and terms of similar meaning in connection with any discussion of future operating or financial performance or business plans or prospects. Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, regulatory, international trade and other external conditions and other factors beyond the Company’s control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) risks related to public health crises such as the global pandemic associated with the coronavirus (COVID-19); (3) foreign currency exchange rates and fluctuations in those rates; (4) liabilities related to certain fluorochemicals, including lawsuits concerning various PFAS-related products and chemistries, and claims and governmental regulatory proceedings and inquiries related to PFAS in a variety of jurisdictions; (5) legal and regulatory proceedings and legal compliance risks involving the Company and/or third parties, including significant developments that could occur in the legal and regulatory proceedings described in the Company’s Annual Report on Form 10-K for the year ended Dec. 31, 2019, and any subsequent quarterly reports on Form 10-Q (the “Reports”); (6) competitive conditions and customer preferences; (7) the timing and market acceptance of new product offerings; (8) materials vulnerability and the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions, manufacturing site disruptions (including those caused by natural and other disasters and other events); (9) problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company’s information technology infrastructure; (10) the impact of acquisitions, strategic alliances, divestitures and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (11) operational execution, including scenarios where the Company generates fewer productivity improvements than estimated; (12) financial market risks that may affect the Company’s funding obligations under defined benefit pension and postretirement plans; and (13) the Company’s credit ratings and its cost of capital. Changes in such assumptions or factors could produce significantly different results. A further description of these factors is located in the Reports under “Cautionary Note Concerning Factors That May Affect Future Results” and “Risk Factors” in Part I, Items 1 and 1A (Annual Report) and in Part I, Item 2 and Part II, Item 1A (Quarterly Reports), as updated by applicable Current Reports on Form 8-K. The information contained in this news release is as of the date indicated. The Company assumes no obligation to update any forward-looking statements contained in this news release as a result of new information or future events or developments.

About 3M
At 3M, we apply science in collaborative ways to improve lives daily as our employees connect with customers all around the world. Learn more about 3M’s creative solutions to global challenges at www.3M.com or on Twitter @3M or @3MNews.

Contacts

Investor Contacts:

Bruce Jermeland, 651-733-1807
Or
Tony Riter, 651-733-1141

Media Contact:

Stephen Sanchez, 651-737-5967

View original content:http://www.prnewswire.com/news-releases/3m-to-advance-operating-model-improve-cost-structure-and-accelerate-innovation-301185373.html

SOURCE 3M

December 3, 2020 6:34 am

Trimble and SiriusXM Establish Alliance to Deliver Trimble RTX GNSS Corrections via Satellite Radio for Autonomous Vehicles

Together Industry Leaders Expect to Advance Autonomy Adoption by Offering Cost-Effective Precise Positioning Solution for a Majority of New Cars Sold in the U.S. and Canada

PR Newswire

SUNNYVALE, Calif., Dec. 3, 2020 /PRNewswire/ — Trimble (NASDAQ: TRMB) and Sirius XM Connected Vehicles Services Inc., a subsidiary of Sirius XM Holdings Inc. (NASDAQ: SIRI), announced today that Trimble RTX^® GNSS corrections are being transmitted through the SiriusXM^® satellite radio network. As a result, new cars sold in the contiguous U.S. and Canada equipped with SiriusXM’s Gen8 satellite chipset will be able to receive RTX GNSS corrections enabling high-accuracy positioning—a key component of autonomous on-road applications.

With the simple addition of the Trimble RTX Auto™ software library, any new vehicle that receives SiriusXM broadcasts with a Gen8 satellite chipset can leverage a positioning solution ideal for Advanced Driving Assistance Systems (ADAS), Autonomous Driving (AD) and Vehicle-to-Everything (V2X) applications.

Since the SiriusXM hardware is already installed in most new vehicles, automotive OEMs can avoid the cost of additional hardware to receive GNSS positioning corrections.

“We are excited to add Trimble RTX Corrections to our suite of Connected Vehicle services,” said John Jasper, senior vice president for SiriusXM Connected Vehicle Services. “By delivering this service over our satellite broadcast network, automakers can access relevant location correction data throughout the contiguous U.S. and portions of Canada to facilitate ADAS, AD and V2X applications without the need to access a cellular network.”

Trimble RTX is a trusted precise-positioning technology of choice for car manufacturers and their suppliers, and was the first solution adopted for production use in passenger vehicles. RTX technology is a critical component of General Motors’ Super Cruise™ system—the first hands-free driving assistance system for the highway. To date, Super Cruise and Trimble RTX have enabled over 5 million miles of hands-free driving on America’s roadways.

Ideal for automotive applications, the RTX Auto software library is Automotive Safety Integrity Level B (ASIL-B) certified and developed using the Automotive SPICE process maturity framework (Software Process Improvement and Capability Determination – ISO 15504). The RTX network operation is certified according to ISO 20000 standards, providing further peace of mind for any industry deploying safety-critical applications. No other precise positioning solution offers the same level of performance, reliability, versatility and coverage worldwide.

Trimble RTX technology provides real-time, multi-constellation correction of GNSS observations to provide significantly more precise position estimates. Standard GPS signals can drift up to 25 feet, which could cause incorrect lane identification. When used in conjunction with high-definition maps, cameras, radar and inertial sensors, Trimble RTX provides lane-level positioning performance for semi-autonomous and autonomous vehicles.

“The alliance with SiriusXM provides an expansive distribution pipeline for Trimble RTX into new passenger vehicles,” said Patricia Boothe, senior vice president of Trimble’s Autonomy Sector. “OEMs now have an easy, cost-efficient alternative to bring high-precision GNSS into their vehicles. Together, Trimble and SiriusXM are helping to accelerate the adoption of real-time positioning in connected vehicles, ultimately supporting safety-critical V2X applications.”

About SiriusXM

SiriusXM Connected Vehicles Services Inc., a subsidiary of Sirius XM Holdings Inc. (NASDAQ: SIRI), delivers a broadly adopted connected vehicle platform in North America. SiriusXM Connected Vehicle Services can be found in many makes and models from various manufacturers, and give customers access to a suite of safety, security, and convenience services including automatic crash notification, enhanced roadside assistance, remote door unlock, remote start, stolen vehicle recovery assistance, turn-by-turn navigation, integration with smart home devices and more. For more, visit: www.siriusxmcvs.com.

About Trimble Autonomy

Trimble Autonomy is developing solutions and services that enable the next generation of autonomous functionality to improve productivity and safety. Trimble has been at the forefront of positioning innovation for over 35 years, providing autonomous solutions for off-road machines such as tractors and haulers. Positioning is the foundation for helping transform how the world leverages autonomy through a robust suite of solutions, which include GPS/GNSS, truthing, inertial, dead-reckoning, machine control, sensor fusion and more. For more, visit: https://positioningservices.trimble.com/industries/automotive.

About Trimble

Trimble is transforming the way the world works by delivering products and services that connect the physical and digital worlds. Core technologies in positioning, modeling, connectivity and data analytics enable customers to improve productivity, quality, safety and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble software, hardware and services are transforming industries such as agriculture, automotive, construction, geospatial and transportation. For more information about Trimble (NASDAQ: TRMB), visit: www.trimble.com.

GTRMB

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SOURCE Trimble

December 3, 2020 6:34 am

Shift4 Payments Announces Upsizing and Pricing of Offering of $600.0 Million of Convertible Notes Offering

Shift4 Payments Announces Upsizing and Pricing of Offering of $600.0 Million of Convertible Notes Offering

ALLENTOWN, Pa.–(BUSINESS WIRE)–
Shift4 Payments, Inc. (“Shift4”) (NYSE: FOUR), a leading independent provider of integrated payment processing and technology solutions, today announced that it has upsized and priced an offering of $600.0 million aggregate principal amount of 0.00% convertible senior notes due 2025 (the “Notes”). The offering size was increased from the previously announced offering size of $400.0 million aggregate principal amount of Notes. The issuance and sale of the Notes are scheduled to settle on December 7, 2020, subject to customary closing conditions. Shift4 also granted the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $90.0 million aggregate principal amount of the Notes. The Notes are being offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act.

The Notes will be senior, unsecured obligations of Shift4 and will not bear regular interest, and the principal amount of the Notes will not accrete. The Notes will mature on December 15, 2025, unless earlier repurchased, redeemed or converted. Before September 15, 2025, noteholders will have the right to convert their Notes only upon the occurrence of certain events. From and after September 15, 2025, noteholders may convert their Notes at any time at their election until the close of business on the second scheduled trading day immediately before the maturity date. Shift4 will settle conversions by paying or delivering, as applicable, cash, shares of its Class A common stock (“Class A common stock”) or a combination of cash and shares of its Class A common stock, at Shift4’s election. The initial conversion rate is 12.4262 shares of Class A common stock per $1,000 principal amount of Notes, which represents an initial conversion price of approximately $80.48 per share of Class A common stock. The initial conversion price represents a premium of approximately 45.0% over the public offering price in the concurrent public offering of Class A common stock described below. The conversion rate and conversion price will be subject to adjustment upon the occurrence of certain events.

The Notes will be redeemable, in whole or in part, for cash at Shift4’s option at any time, and from time to time, on or after December 20, 2023 and on or before the 40th scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of Shift4’s Class A common stock exceeds 130% of the conversion price for a specified period of time. The redemption price will be equal to the principal amount of the Notes to be redeemed, plus accrued and unpaid special interest, if any, to, but excluding, the redemption date.

If certain events that constitute a “fundamental change” occur, then, subject to a limited exception, noteholders may require Shift4 to repurchase their Notes at a cash repurchase price equal to the principal amount of the Notes to be repurchased, plus accrued and unpaid special interest, if any, to, but excluding, the applicable repurchase date.

Shift4 intends to use the net proceeds of the offering for general corporate purposes.

Shift4 also announced today the pricing of a concurrent underwritten public offering of approximately 8,000,000 shares of Shift4’s Class A common stock by certain selling stockholders at a public offering price of $55.50 per share. Certain selling stockholders also granted the underwriters of that offering a 30-day option to purchase up to an additional 1,200,000 shares of Shift4’s Class A common stock. Nothing contained herein shall constitute an offer to sell or the solicitation of an offer to buy the Class A common stock. The offering of Notes is not contingent upon the concurrent public offering of Class A common stock, and the concurrent public offering of Class A common stock is not contingent upon the offering of Notes.

The offer and sale of the Notes and any shares of Class A common stock issuable upon conversion of the Notes have not been, and will not, be registered under the Securities Act or any other securities laws, and the Notes and any such shares cannot be offered or sold except to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, the Notes or any shares of Class A common stock issuable upon conversion of the Notes, nor shall there be any sale of the Notes or any such shares, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers of the Notes will be made only by means of a private offering memorandum.

There can be no assurances that the offering of the Notes will be completed as described herein or at all.

About Shift4 Payments:

Shift4 Payments (NYSE: FOUR) is a leading provider of integrated payment processing and technology solutions, delivering a complete omnichannel ecosystem that extends beyond payments to include a wide range of commerce-enabling services. The company’s technologies help power over 350 software providers in numerous industries, including hospitality, retail, F&B, ecommerce, lodging, gaming, and many more. With over 7,000 sales partners, the company securely processed more than $200 billion in payments volume for over 200,000 businesses in 2019. For more information, visit shift4.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201203005465/en/

Investor Relations:

Sloan Bohlen

610.596.4475

[email protected]

Media:

James McCusker

[email protected]

Nate Hirshberg

Vice President, Marketing

Shift4 Payments

[email protected]

KEYWORDS: Pennsylvania United States North America

INDUSTRY KEYWORDS: Professional Services Online Retail Retail Technology Software Finance Banking

MEDIA:

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December 3, 2020 6:34 am

Shift4 Payments Announces Pricing of Secondary Offering of Class A Common Stock

Shift4 Payments Announces Pricing of Secondary Offering of Class A Common Stock

ALLENTOWN, Pa.–(BUSINESS WIRE)–
Shift4 Payments, Inc. (“Shift4”) (NYSE: FOUR), a leading independent provider of integrated payment processing and technology solutions, today announced the pricing of the underwritten public offering of 8,000,000 shares of Shift4’s Class A common stock by certain selling stockholders (the “Secondary Offering”), at a price to the public of $55.50 per share. The underwriters will also have a 30-day option to purchase up to an additional 1,200,000 shares of Shift4’s Class A common stock from the selling stockholders. The Secondary Offering is expected to close on December 7, 2020, subject to customary closing conditions.

Shift4 is not selling any shares of Class A common stock in the Secondary Offering, will not receive any proceeds from the sale of shares by the selling stockholders and will not bear any offering expenses.

Goldman Sachs & Co. LLC, Credit Suisse and Citigroup are serving as lead joint book-running managers. BofA Securities, Morgan Stanley, RBC Capital Markets and Evercore ISI are acting as joint book-running managers. Raymond James, Truist Securities, Wolfe Capital Markets and Advisory, Citizens Capital Markets, Scotiabank, TD Securities and Telsey Advisory Group are acting as co-managers.

A registration statement relating to the Secondary Offering was declared effective by the Securities and Exchange Commission on December 2, 2020. The Secondary Offering is being made only by means of a prospectus. Copies of the final prospectus relating to the Secondary Offering, when available, may be obtained from Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York NY 10282 (Tel: 1-866-471-2526, email to [email protected], from Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560 (Tel: 800-221-1037 or email to [email protected]) or from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146 or email to: [email protected]).

Shift4 also announced today the pricing of a concurrent offering of $600.0 million aggregate principal amount of 0.00% convertible senior notes due 2025 (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. The offering size was increased from the previously announced offering size of $400.0 million aggregate principal amount of Notes. Shift4 also granted the initial purchasers of that offering an option to purchase up to an additional $90.0 million aggregate principal amount of the Notes. Nothing contained herein shall constitute an offer to sell or the solicitation of an offer to buy the Notes. The offering of Notes is not contingent upon the Secondary Offering, and the Secondary Offering is not contingent upon the offering of Notes.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Shift4 Payments:

View source version on businesswire.com: https://www.businesswire.com/news/home/20201203005463/en/

Investor Relations:

Sloan Bohlen

610.596.4475

[email protected]

Media:

James McCusker

[email protected]

Nate Hirshberg

Vice President, Marketing

Shift4 Payments

[email protected]

KEYWORDS: United States North America Pennsylvania

INDUSTRY KEYWORDS: Finance Banking Professional Services Technology Software

MEDIA:

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December 3, 2020 6:33 am

Apogee Enterprises to Report Fiscal 2021 Third Quarter Financial Results

Apogee Enterprises to Report Fiscal 2021 Third Quarter Financial Results

MINNEAPOLIS–(BUSINESS WIRE)–Apogee Enterprises, Inc. (Nasdaq: APOG) will report its fiscal 2021 third quarter results on Friday, December 18, 2020 before the market opens. The company will also host a conference call to discuss its financial results and provide a business update. This conference call will be webcast beginning at 8:00 a.m. Central Time, on December 18, 2020.

Access to the webcast will be available through the Investors section of the company’s website at https://www.apog.com/events-and-presentations. For those unable to listen to the live webcast, a replay will be available on the company’s website.

About Apogee Enterprises, Inc.

Apogee Enterprises, Inc. (Nasdaq: APOG) delivers distinctive solutions for enclosing commercial buildings and framing art. Headquartered in Minneapolis, MN, we are a leader in architectural products and services, providing architectural glass, aluminum framing systems and installation services for buildings, as well as value-added glass and acrylic for custom picture framing and displays. For more information, visit www.apog.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201203005103/en/

Jeff Huebschen

Vice President, Investor Relations & Communications

952.487.7538

[email protected]

KEYWORDS: Minnesota United States North America

INDUSTRY KEYWORDS: Other Manufacturing Environment Commercial Building & Real Estate Construction & Property REIT Manufacturing Building Systems Architecture Other Construction & Property

MEDIA:

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December 3, 2020 6:33 am

Record-Setting Sales Continue in November on Montreal’s Real Estate Market

L’ÎLE-DES-SŒURS, Quebec, Dec. 03, 2020 (GLOBE NEWSWIRE) — The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the Montreal Census Metropolitan Area (CMA) for the month of November, based on the real estate brokers’ Centris provincial database.

A new November sales record was set in the Montreal CMA despite the second wave of the COVID-19 pandemic. Residential sales jumped by 32 per cent compared to November of last year.

“We also saw a historic 57 per cent increase in the number of new condominium listings on the Island of Montreal, the highest level since the year 2000 when the real estate brokers’ Centris system began compiling market data,” said Charles Brant, director of market analysis at the QPAREB.

November highlights

Year-to-date sales have increased by 7 per cent compared to the same period in 2019.
Sales continued to increase in several periphery markets, including the North Shore (+48 per cent), the South Shore (+37 per cent), Laval (+34 per cent) and Vaudreuil-Soulanges (+32 per cent), as well as on the Island of Montreal (+21 per cent). In contrast, sales in Saint-Jean-sur-Richelieu slowed, registering a 3 per cent increase, due primarily to a record drop in new listings in this market over the past several quarters.
By property category, plexes (2 to 5 dwellings) registered the largest sales increase (+34 per cent) followed closely by condominiums (+31 per cent) and single-family homes (+31 per cent).
There was a significant increase in active listings for condominiums (+14 per cent) and plexes (+7 per cent), numbers that have not been seen for a month of November since 2012 and 2014, respectively. This was in contrast to single-family homes, which registered a sharp decline (-38 per cent).
With market conditions that are still very much to the advantage of sellers, median prices continued to increase significantly for single-family homes (+23 per cent) but tended to slow down for condominiums and plexes (+9 per cent).

Additional information:

Quarterly statistics – Barometer for the province of Quebec

Detailed and cumulative (2020) statistics for the province and regions

If you would like additional information from the Market Analysis Department, such as specific data or regional details on the real estate market, please write to us.

Book your interview for December 16!

On December 16, the QPAREB will unveil its assessment of the 2020 real estate market, along with its forecasts for 2021 and an analysis of the impact of COVID-19. A press release will be issued on November 16. Please reserve your time slot for an interview now at [email protected].

About the Quebec Professional Association of Real Estate Brokers

The Quebec Professional Association of Real Estate Brokers (QPAREB) is a non-profit association that brings together more than 13,000 real estate brokers and agencies. It is responsible for promoting and defending their interests while taking into account the issues facing the profession and the various professional and regional realities of its members. The QPAREB is also an important player in many real estate dossiers, including the implementation of measures that promote homeownership. The Association reports on Quebec’s residential real estate market statistics, provides training, tools and services relating to real estate, and facilitates the collection, dissemination and exchange of information. The QPAREB is headquartered in Quebec City and has its administrative offices in Montreal. It has two subsidiaries: Centris Inc. and the Collège de l’immobilier du Québec. Follow its activities at qpareb.ca or via its social media pages: Facebook, LinkedIn, Twitter and Instagram.

About Centris

Société Centris provides real estate industry stakeholders with access to real estate data and a wide range of technology tools. Centris tools are used by close to 14,000 real estate brokers, as well as other industry professionals. Centris also operates Centris.ca, the most visited real estate website in Quebec.

For more information:

Image bank
(credit QPAREB) available free of charge.

Marjolaine Beaulieu

Publicist
Communications and Marketing

1-888-762-2440 or
514-762-2440, ext. 238
[email protected]

Taïssa Hrycay

Director
Communications and Marketing

1-888-762-2440 or
514-762-2440, ext. 157
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7999a601-9834-44d3-bb9d-6e3ec1c4df6f

December 3, 2020 6:33 am

Quebec City Real Estate Market: Residential Sales and Prices Set New Records in November

QUEBEC CITY, Dec. 03, 2020 (GLOBE NEWSWIRE) — The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the Quebec City Census Metropolitan Area (CMA) for the month of November, based on the real estate brokers’ Centris provincial database.

The month of November was marked by a rapid increase in prices for all three property categories, in all sectors of the Quebec City CMA.

“The exceptional pace of single-family home sales extended to condominiums and plexes, which improved market conditions. Despite the current context, it is still a good time to buy!” said Charles Brant, director of market analysis at the QPAREB.

November highlights

Residential sales set a new record in November, jumping by 50 per cent, with a total of 1,019 transactions.
There was impressive sales growth, particularly in the Norther Periphery, with a spectacular increase of 127 per cent. This was followed by the South Shore (+45 per cent) and the agglomeration of Quebec City (+41 per cent).
All three property categories posted record sales increases in November: plexes with 2 to 5 dwellings (+91 per cent), condominiums (+82 per cent) and single-family homes (+36 per cent).
There was a historic drop in active listings for an eighth consecutive month for single-family homes (53 per cent) and plexes (-42 per cent). Active listings of condominiums fell by 25 per cent.
Median prices increased for all three property categories: +18 per cent for plexes, +8 per cent for condominiums and +7 per cent for single-family homes. This represents a new record for plexes ($335,000) and single-family homes ($279,000). As for condominiums, the median price stood at $203,950.

Additional information:

Quarterly statistics – Barometer for the province of Quebec

Detailed and cumulative (2020) statistics for the province and regions

If you would like additional information from the Market Analysis Department, such as specific data or regional details on the real estate market, please write to us.

Book your interview for December 16!

About the Quebec Professional Association of Real Estate Brokers

About Centris

For more information:

Image

bank
(credit QPAREB) available free of charge.

Marjolaine Beaulieu Publicist Communications and Marketing	Taïssa Hrycay Director Communications and Marketing

1-888-762-2440 or 514-762-2440, ext. 238 [email protected]	1-888-762-2440 or 514-762-2440, ext. 157 [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a8752db2-b7f0-4b06-8c31-315bee985efd

December 3, 2020 6:33 am

Teleflex Ranked a Best Place to Work 2021 by MedReps.com

For the fourth consecutive year, Teleflex earned a top spot as a best place to work by United States sales professionals in the annual MedReps.com Best Places to Work Survey

WAYNE, Pa., Dec. 03, 2020 (GLOBE NEWSWIRE) — Teleflex Incorporated (NYSE: TFX) today announced that it was named the winner of MedReps.com’s 10th Annual Best Places to Work in Medical Sales 2021 survey for the Large Category Best Medical Device Companies and placed second in the Overall Category, covering Best Medical Device Companies, Best Pharma Companies and Best Biotech Companies. The survey polled over 2,000 professionals from the MedReps community to identify which medical sales companies are currently the most sought-after in the industry.

Specific to Teleflex, respondents shared they value the company for its positive corporate culture and strong products. “This award is a reflection of the dedication of our employees, particularly their steadfast commitment to our mission and culture. What sets us apart is our passionate people who are driving innovation to help positively impact the health and quality of people’s lives every day,” said Liam Kelly, Chairman, President and CEO of Teleflex.

Respondents also commended Teleflex leadership for their efforts in making employees a top priority during 2020. “Our Teleflex leadership has shown their honesty and trustworthiness through constant and transparent communications with employees, instating an environment of positivity within and outside of the workplace,” shared Mike Cummings, Vice President of Human Resources, The Americas. Jay White, Corporate Vice President, The Americas & EMEA added “When Teleflex was faced with the challenges of operating amidst the COVID-19 pandemic, we ensured that our people remained a top priority. We provided the flexibility to work from home where possible, and provided additional virtual IT support not only to employees but also for employees with children learning virtually.”

Teleflex is a company that thrives on shared values with people at the center of everything we do. Our people and our culture make Teleflex a great place to work. Working together, we are able to make a difference in the health and quality of people’s lives.

Click here to find out more: MedReps 20 2 1 Report

About Teleflex Incorporated

Teleflex is a global provider of medical technologies designed to improve the health and quality of people’s lives. We apply purpose driven innovation – a relentless pursuit of identifying unmet clinical needs – to benefit patients and healthcare providers. Our portfolio is diverse, with solutions in the fields of vascular access, interventional cardiology and radiology, anesthesia, emergency medicine, surgical, urology and respiratory care. Teleflex employees worldwide are united in the understanding that what we do every day makes a difference. For more information, please visit teleflex.com.

Teleflex is the home of Arrow®, Deknatel®, Hudson RCI®, LMA®, Pilling®, Rüsch®, UroLift®, and Weck® – trusted brands united by a common sense of purpose.

Source:

Teleflex Incorporated
Jake Elguicze
Treasurer and Vice President, Investor Relations
610-948-2836

December 3, 2020 6:28 am

DPW Holdings Enters Into Agreement to Purchase 9.9% Equity Interest in Universal Security Instruments, Inc.

DPW Holdings Enters Into Agreement to Purchase 9.9% Equity Interest in Universal Security Instruments, Inc.

NEWPORT BEACH, Calif.–(BUSINESS WIRE)–
DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (“DPW,” or the “Company”) announced that it has agreed to purchase 228,967 shares of Universal Security Instruments, Inc. (NYSE American: UUU), beneficially owned by existing shareholders for a purchase price of $709,797.70.

Upon closing of the purchase agreement, DPW would hold a 9.9% minority, non-controlling interest in Universal Security Instruments, a manufacturer and distributor of safety and security devices. The agreement to purchase the shares is expected to close by January 11, 2021 and the Company is expected to file a Schedule 13D related to the agreement on December 10, 2020. A copy of the agreement can be found at the following link: https://www.sec.gov/Archives/edgar/data/102109/000092189520003165/0000921895-20-003165-index.htm

“We look forward to closing this transaction and believe there are opportunities for commercial and strategic alignment to create superior value for the Universal Security Instruments shareholders,” said Milton “Todd” Ault, III, the Company’s CEO and Chairman.

For more information on DPW and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at www.DPWHoldings.com or available at www.sec.gov.

About DPW Holdings, Inc.

DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, the Company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, and textiles. In addition, the Company extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW’s headquarters are located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.

Forward-Looking Statements

This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201203005410/en/

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INDUSTRY KEYWORDS: Professional Services Security Technology Manufacturing Finance Consulting Other Manufacturing

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December 3, 2020 6:18 am

McLaren Racing announces multi-year partnership extension with Arrow Electronics

McLaren Racing announces multi-year partnership extension with Arrow Electronics

LONDON–(BUSINESS WIRE)–
McLaren Racing has today announced a multi-year extension of its Formula 1 partnership with Arrow Electronics (NYSE:ARW), the global technology and innovation business.

The partnership, which started in 2019, continues to combine two organizations with a shared belief in technology and innovation enabling progress and improvement in everyday life. Working together, McLaren and Arrow will strive to bring services and solutions to the team and their respective networks.

Notably this year, Arrow Electronics was a key supplier to McLaren and the VentilatorChallengeUK, a consortium that answered the urgent call for additional ventilators in response to the global coronavirus pandemic. Arrow used its extensive component-sourcing capability to support the manufacturing ramp-up and managed the electronics supply chain to provide the best electronic components. Arrow’s contribution enabled McLaren and the consortium to produce and deliver more than 13,000 medical ventilators – in effect 10 years of ventilator production in 10 weeks – to treat and save lives across the UK and overseas.

The Arrow Electronics brand will continue to be carried on the McLaren Formula 1 race cars and on the team’s 2021 race drivers, Lando Norris and Daniel Ricciardo, as part of a multi-faceted activation program mirroring the IndyCar partnership with Arrow McLaren SP.

Zak Brown, Chief Executive Officer, McLaren Racing said:

“We are delighted to announce the extension of our partnership with Arrow, which is driven by innovation and technology in the pursuit of better, not just in motorsport but in everyday life. Arrow Electronics is a global leader in its field and continues to impress us with their forward-thinking approach and innovative nature, much like our own. We look forward to continuing our exciting partnership in Formula 1.”

Victor Gao, Chief Marketing Officer, Arrow Electronics said:

“We look forward to taking our partnership with McLaren to the next level in and outside the car. Our close collaboration is fuelled by our shared belief in the power of technology and the human spirit to the improvement of everyday life.”

About McLaren Racing:

McLaren Racing was founded by New Zealand racing driver Bruce McLaren in 1963. The team entered its first Formula 1 race in 1966, since when McLaren has won 20 Formula 1 world championships, more than 180 Formula 1 grands prix, the Le Mans 24 Hours at its first attempt and the Indianapolis 500 three times.

McLaren Racing competes in the 2020 FIA Formula 1 World Championship with Lando Norris and Carlos Sainz, and in IndyCar in the US with Pato O’Ward and Felix Rosenqvist.

About Arrow Electronics:

Arrow Electronics guides innovation forward for over 175,000 leading technology manufacturers and service providers. With 2019 sales of $29 billion, Arrow develops technology solutions that improve business and daily life. Learn more at fiveyearsout.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201203005362/en/

For further information, please contact:

Tim Bampton, Director of Communications, McLaren Racing

[email protected] / +44 (0) 7468 714614

Siobhan Filsell, Brand & Partner Communications, McLaren Racing

[email protected] / +44 (0) 7879 890 260

John Hourigan, Arrow Electronics

[email protected]

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