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DAVIS, Calif., Nov. 12, 2020 /PRNewswire/ — Arcadia Biosciences, Inc.^® (Nasdaq: RKDA), a leader in science-based approaches to enhancing the quality and nutritional value of crops and food ingredients, today released its financial and business results for the third quarter of 2020.

“I am pleased to report Arcadia has achieved a number of fundamental milestones, resulting in a stronger financial wherewithal to achieve our number one goal: driving near-term shareholder value by unlocking the full potential of our commercial-ready products,” said Matthew Plavan, Arcadia’s president and CEO. “Through a series of strategic transactions we’re announcing today with our business partner Bioceres Crop Solutions (BIOX), commercialization of the HB4^® soybean business and distribution of our GoodWheat portfolio of products into South and Central America is now in their capable hands, in exchange for cash, shares of BIOX and ongoing royalty payments to Arcadia for both HB4 soybean and GoodWheat sales.”

Continued Plavan, “Bioceres is the perfect commercial steward to advance the HB4 soybean into global markets, and we are delighted to share in the equity and revenue upside of the business while dedicating all of our time, attention and capital resources to the near-term scale-up of our GoodWheat and GoodHemp-branded products.  With the formal U.S. launch of Three Farm Daughters brand products powered by GoodWheat and the completion of our acquisition of Industrial Seed Innovations (ISI) and its popular hemp seed varieties, we have plenty of momentum to capitalize on.” 

Recent Operating and Business Highlights

• Strategic Transactions with Bioceres Crop Solutions (BIOX).  Arcadia today is announcing a series of strategic transactions with BIOX, including the sale of its membership interest in Verdeca, a soybean joint venture the two companies formed in 2012. In another transaction, Bioceres acquired license rights to Arcadia’s GoodWheat technologies in South and Central America, for which Arcadia will receive future royalties on all sales. Arcadia will also receive $6 million in cash, including reimbursement of transaction-related expenses and fees, with an additional $2 million in cash to be paid upon achievement by Verdeca of specific regulatory and commercial milestones. Arcadia also receives 1.875 million unregistered shares of BIOX common stock and trait royalties of up to $10 million on HB4 soybean sales.

• Partnership with Three Farm Daughters to Develop and Market GoodWheat Products.  In the third quarter, Arcadia announced a strategic business venture with Three Farm Daughters, a majority female-owned North Dakota-based consumer food company, to develop and market food products using Arcadia’s patented non-GMO GoodWheat technology. Since then, the companies have launched multiple Three Farm Daughters-branded food products, including pastas and flour, that leverage the enhanced nutritional profiles of GoodWheat ingredients. These products are now being sold regionally and through the company’s e-commerce site: www.threefarmdaughters.com.

• Acquisition of Innovative Hemp Seed Breeding Company.  Arcadia closed a transaction with Industrial Seed Innovations (ISI), an Oregon-based industrial hemp breeding and seed company, to acquire its commercial and genetic assets, including seed varieties, germplasm library and intellectual property. ISI’s popular Rogue and Umpqua seed varieties will become part of Arcadia’s portfolio, alongside the company’s GoodHemp line of genetically superior hemp seeds, transplants and extracts. The acquisition significantly broadens and accelerates commercialization of Arcadia’s hemp-related breeding platform and establishes a breeding research and development facility in the Pacific Northwest, a key hemp production area.

• Collaboration with Corner Foods to Bring GoodWheat to China and Israel. Arcadia’s collaboration with Corner Foods, an affiliate of Corner Capital Group, brings Arcadia’s GoodWheat portfolio of non-GMO specialty wheat ingredients to China and expanding in the future to Israel. The partnership will introduce GoodWheat products directly to consumers in China via popular e-commerce site TMall and cooking and lifestyle network Tastemade China. Together, these digital platforms reach an estimated 8 million consumers in China per month.

• Collaboration with GoodMills to Sell GoodWheat in Europe. Through a collaboration with GoodMills Innovation, an affiliate of GoodMills Group, Europe’s largest milling company, Arcadia plans to commercialize GoodWheat varieties across Europe, introducing uniquely healthy products for the retail, consumer and food service sectors beginning in 2021. GoodMills Innovation is recognized as one of the world’s leading innovators in grain-based ingredients that are both highly functional and nutritional.

• Global Scale-up Underway for HB4 Drought Resistant, Herbicide Tolerant Soybeans. Through its Verdeca joint venture with Bioceres Crop Solutions, Arcadia successfully harvested foundation seed to enable up to 90,000 hectares in preparation for regulatory approval from China. Verdeca is also increasing breeding and new market development activities to access incremental geographies, including Brazil and the U.S.

• Expansion of Intellectual Property Protection for GoodWheat Portfolio. Arcadia strengthened its intellectual property and GoodWheat technology portfolio with five additional U.S. patents in Q2. The U.S. Patent and Trademark Office awarded the company two patents for extending the shelf life of whole wheat by minimizing hydrolytic and oxidative rancidity. The company also received notices of allowance for three additional patents extending earlier claims surrounding the extended shelf life of wheat and reduced gluten grains. The new patents bring the total number of patents in Arcadia’s GoodWheat portfolio of non-GMO wheat varieties to 23.

• Foundational Patents for Non-GMO Herbicide Tolerant Wheat. The Australian Patent Office granted patents to Arcadia covering herbicide tolerance in wheat, and the U.S. Patent and Trademark Office issued a notice of allowance for the same technology, with patents pending in other territories. Arcadia’s herbicide tolerant wheat technology can be an important tool in the hybrid breeding toolkit. This technology will serve as the foundation for future innovation and could open the door to development of a highly efficient hybrid wheat production system, which would transform the 200 million hectare global wheat industry.

• Warrant Exercise Transaction Generated $2.6M in Gross Proceeds. Arcadia strengthened its balance sheet through a warrant exercise transaction in the third quarter, providing additional cash resources to persevere through the headwinds of the COVID-19 pandemic.

 

Revenues
In the third quarter of 2020, revenues were $314,000, compared to revenues of $392,000 in the third quarter of 2019 and for the nine months ended September 30, 2020, revenues were $904,000, compared to $753,000 during the same period in 2019. The quarter-over-quarter revenue decrease was driven by a decrease in contract research and government grants revenue, partially offset by an increase in GLA product sales and GoodWheat royalty revenues. The nine months period increase was driven primarily by a milestone achievement by a licensee in the first quarter of 2020, as well as the increase in GLA product sales and GoodWheat royalty revenues.

Operating Expenses
In the third quarter of 2020, operating expenses were $7.9 million, compared to $6.6 million in the third quarter of 2019 and for the nine months ended September 30, 2020, operating expenses were $21.2 million, compared to $16.1 million during the same period in 2019.

Research and development (R&D) costs decreased by $169,000 and increased by $612,000 for the third quarter and nine months ended September 30, 2020, respectively. The third quarter decrease was the result of lower soy related costs somewhat offset by higher hemp-related research costs. The increase for the nine months ended September 30, 2020 was primarily driven by higher employee expenses and hemp-related research costs.

General and administrative (SG&A) costs decreased by $185,000 and increased by $1.3 million for the third quarter and nine months ended September 30, 2020, respectively. The third quarter decrease was mainly comprised of lower employee expenses partially offset by higher consulting fees. The increase for the nine months ended September 30, 2020 was primarily the result of higher consulting fees, consultants’ stock compensation expenses and insurance premiums.

Cost of product revenues increased by $1.7 million and $3.1 million for the third quarter and nine months ended September 30, 2020, respectively. The third quarter increase was due to a $1.3 million inventory write-off for Arcadia’s Archipelago joint venture in response to a recently issued regulatory ruling. The increase for the nine months ended September 30, 2020 was comprised of the third quarter inventory write-off, in addition to the $1.6 million write-down of GoodHemp inventory that did not meet Arcadia’s required minimum quality specifications during the first half of 2020.

Net Loss Attributable to Common Stockholders
Net loss attributable to common shareholders for the third quarter of 2020 was $6.4 million, or ($0.60) per share, a $7.8 million decrease from the $14.2 million, or $2.04 per share, net loss recognized in the third quarter of 2019. The quarter-over-quarter decrease was largely due to the $7.8 million non-cash expense recognized in the third quarter of 2019 as a result of a significant increase in the fair value of common stock warrant liabilities compared to $1.1 million of non-cash income recognized in the third quarter of 2020 associated with a decrease in these liabilities.

Net loss attributable to common shareholders for the nine months ended September 30, 2020 was $13.6 million, or ($1.42) per share, a $9.0 million decrease from the $22.6 million, or ($4.03) per share, net loss recognized for the nine months ended September 30, 2019.

Conference Call and Webcast
The company has scheduled a conference call for 4:30 p.m. Eastern (1:30 p.m. Pacific) today, November 12, to discuss third-quarter financial results, company operations and key strategic achievements.

Interested participants can join the conference call using the following numbers:

A live webcast of the conference call will be available on the “Investors” section of Arcadia’s website at www.arcadiabio.com. Following completion of the call, a recorded replay will be available on the company’s investor website.

About Arcadia Biosciences, Inc.
Arcadia Biosciences (Nasdaq: RKDA) is a leader in science-based approaches to enhancing the quality and nutritional value of crops and food ingredients. The company’s GoodWheat™ branded ingredients deliver health benefits to consumers and enable consumer packaged goods companies to differentiate their brands in the marketplace. The company’s GoodHemp™ seed catalog delivers genetically superior hemp seeds and clones, applying the company’s proprietary crop innovation technology, ArcaTech™, to an emerging crop. Arcadia’s agricultural traits are being developed to enable farmers around the world to be more productive and minimize the impact of agriculture on the environment. For more information, visit www.arcadiabio.com.

Safe Harbor Statement
“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release and the accompanying conference call contain forward-looking statements about the company and its products, including statements relating to the collaboration with Corner Foods, the partnership with Three Farm Daughters, the collaboration with GoodMills Innovation, revenue in 2020, financial performance in 2021, the acquisition of assets from Industrial Seed Innovations and the growth of the company. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, and reported results should not be considered as an indication of future performance. These risks and uncertainties include, but are not limited to: the price and demand for the company’s wheat and hemp related products are lower than expected; the company’s and its partners’ and affiliates’ ability to develop and sell commercial products incorporating its traits, and complete the regulatory review process for such products; the company’s and it partners’ ability to fulfill current and follow-on purchase commitments; the company’s compliance with laws and regulations that impact the company’s business, and changes to such laws and regulations; the growth of the global wheat and hemp markets; the successful integration of the company’s business with the businesses of any future partners; the potential impact of COVID-19 on the company’s business; the successful closing of the acquisition of Industrial Seed Innovations; and the company’s future capital requirements and ability to satisfy its capital needs.  Further information regarding these and other factors that could affect the company’s financial results is included in filings the company makes with the Securities and Exchange Commission from time to time, including the section entitled “Risk Factors” and additional information set forth in its Form 10-K for the year ended December 31, 2019, and other filings. These forward-looking statements speak only as of the date hereof, and Arcadia Biosciences, Inc. undertakes no duty to update these forward-looking statements.

LinkedIn: Arcadia Biosciences 
Twitter: @ArcadiaAg

 

 

 

 

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SOURCE Arcadia Biosciences, Inc.

BEIJING, Nov. 12, 2020 /PRNewswire/ — RYB Education, Inc. (“RYB” or the “Company”) (NYSE: RYB), a leading early childhood education service provider in China, today announced that the two remaining securities class action complaints against the Company, the underwriters in its IPO, and certain of its current and former directors and officers have each been voluntarily discontinued or dismissed in their entirety in the respective proceedings.

As previously disclosed in the Company’s annual report, the Company, certain underwriters for its initial public offering, and certain of its current and former directors and officers were named as defendants in two putative securities class actions filed in the Supreme Court of the State of New York for the County of Queens (Zhang v. RYB Education, Inc. et al., Index No. 717923/2018) and in the Superior Court of the State of California for the County of San Mateo (Qian v. RYB Education, Inc. et al., Case No. 17CIV05494). Both actions have now been discontinued or dismissed, with a Notice of Voluntary Discontinuance filed in the Queens County case on October 19, 2020 and a Dismissal Order Granting Plaintiff’s Request for Voluntary Dismissal Without Prejudice entered in the San Mateo case on November 2, 2020.

About RYB Education, Inc.

Founded on the core values of “Care” and “Responsibility,” “Inspire” and “Innovate,” RYB Education, Inc. is a leading early childhood education service provider in China. Since opening its first play-and-learn center in 1998, the Company has grown and flourished with the mission to provide high-quality, individualized and age-appropriate care and education to nurture and inspire each child for his or her betterment in life. During its two decades of operating history, the Company has built “RYB” into a well-recognized education brand and helped bring about many new educational practices in China’s early childhood education industry. RYB’s comprehensive early childhood education solutions meet the needs of children from infancy to 6 years old through structured courses at kindergartens and play-and-learn centers, as well as at-home educational products and services.

For investor and media inquiries, please contact: 

In China:

RYB Education, Inc.
Investor Relations
E-mail: [email protected]

The Piacente Group, Inc.
Yang Song
Tel: +86 (10) 6508-0677
E-mail: [email protected] 

In the United States:

The Piacente Group, Inc. 
Brandi Piacente
Tel: +1-212-481-2050
E-mail: [email protected]

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SOURCE RYB Education, Inc.

Pathways to Employability focuses on connecting youth to quality work

GUELPH, ON, Nov. 12, 2020 /CNW/ – The Co-operators is pleased to announce Pathways to Employability (P2E) a $2 million Co-operators Community Funds initiative dedicated to supporting the employability of marginalized Canadian youth who have lost jobs or educational opportunities due to COVID-19 shutdowns. 

“We know that young Canadians have been significantly impacted by COVID-related job losses and educational disruption, primarily due to impacts of the economic shutdown of schools and many of the sectors that primarily employ youth. Marginalized youth have been especially hard hit and some face additional challenges to employability that make them particularly vulnerable to these unprecedented unemployment levels,” explains Rob Wesseling, President and CEO, The Co-operators. “The goal of The Co-operators Pathways to Employability Initiative is to create a brighter, more sustainable future for youth and small businesses by taking an innovative approach to developing solutions to respond to the urgent unmet needs created by the pandemic.”

In the early months of COVID-19 shutdowns, 43% of working Canadian youth lost their jobs or had work hours reduced, according to an April 2020 Statistics Canada Labour Force Survey. Our new P2E initiative will connect these youth to quality opportunities with small businesses looking to hire, train and retain youth, including co-operatives, non-profits and social enterprises. 

The pandemic had a dire impact on opportunities for youth in our communities and put a strain on the capabilities of small businesses. P2E is committed to connecting these employers to marginalized Canadian youth who will receive life skills, employment and psychosocial supports along their path to employability. 

Through the P2E initiative, The Co-operators is proud to be a founding partner of the Canadian Council for Youth Prosperity’s (CCYP) #ImpactCOVID: Road to Recovery Project; a two-phase, youth-led employability program. Youth will co-design a pandemic economic recovery plan with small businesses and then evaluate the plan through employment and participation in community programs across Canada. #ImpactCOVID will help marginalized youth move into higher quality, sustainable, and secure jobs, and gain valuable and impactful work experience with small businesses, including co–ops, non-profits and social enterprises. In return, these organizations will build capacity to hire, train and retain youth.

“Collaborative partnerships have been critical for us in order to design rapid-response approaches to youth workforce development during this current economic crisis,” says Gladys Ahovi, Executive Lead, Canadian Council for Youth Prosperity. “Our commitment to co-creating opportunities for youth and collaborating with sectors across the country closely mirrors the co-operative mindset of resilience and community well-being.”

The Co-operators endorses all 17 of the United Nation Sustainable Development Goals (SDGs) and have aligned our 2030 Enterprise Long-term Goals to nine SDGs on which we have the greatest expertise and can make the most meaningful impact. In this way, we’re linked with a collective global effort to protect the environmental, social and financial well-being of current and future generations. The P2E Initiative aligns to UN SDG #8 Decent work and economic growth.

The Co-operators Community Funds assists organizations focused on supporting marginalized youth and individuals with mental health challenges gain employability skills to become more self-reliant. In 2019, a total of $582,250 was granted through the funds to 28 organizations focused on supporting marginalized individuals on their path toward employability.

For more information on Co-operators Community Funds: Pathways to Employability (P2E) Initiative and the impact made through partnerships, please visit us here.

About The Co-operators:

The Co-operators Group Limited is a Canadian co-operative with more than $53.3 billion in assets under administration. Through its group of companies, it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products. The Co-operators is well known for its community involvement and its commitment to sustainability. The Co-operators is ranked as a Corporate Knights’ Best 50 Corporate Citizen in Canada and listed among the Best Employers in Canada by Kincentric (formerly AON). For more information, visit www.cooperators.ca.

SOURCE The Co-operators Group Limited

With new “Buy Now, Pay Later” capabilities, merchants open their storefronts to global shoppers just in time for the busy holiday shopping season

SAN FRANCISCO, Nov. 12, 2020 /PRNewswire/ — Afterpay (ASX:APT), the leader in “Buy Now, Pay Later” payments, today announced that its merchant partners can now offer their products to customers across the world.  Specifically, Afterpay merchants can open their ecommerce sites to Australian, British, Canadian and New Zealand shoppers. Next year, global merchants will also be able to sell to U.S. consumers.

Cross border shopping represents a $1 trillion GMV opportunity¹, with retailers gaining access to Afterpay’s young and engaged customers worldwide.  Shoppers see items in their local currency and benefit from the flexibility and convenience of paying in four installments over time, without incurring interest, fees or revolving and extended debt. Participating retailers can open their store fronts to these shoppers without paying set up or currency conversion fees.

Afterpay first introduced cross border shopping in Australia and New Zealand (ANZ) in March 2019, which delivered YoY sales growth of nearly 576%. Because of such strong consumer demand, the number of ANZ merchants that are now selling outside their home country has grown 10 times.

“We have been very pleased with our cross border implementation. It has been seamless and very effective in scaling our efforts abroad as we grow globally,” commented Justin Gaggino of Hi-Smile, an early adopter of Afterpay’s cross border offering. “We have seen an approximately 30% increase in overall orders come through our cross border partnership with Afterpay.”

“Cross border trade allows retailers to open their storefronts to the world – delivering new customers, higher conversion and ultimately more merchant sales, without additional set-up costs or fees,” said Nick Molnar, Afterpay’s Co-founder and CEO of North America. “We are particularly excited to offer cross border capabilities at a time when consumers are buying online more than ever and in advance of this busy holiday shopping season.”

About Afterpay Limited
Afterpay Limited (ASX: APT) is transforming the way we pay by allowing customers to receive products immediately and pay for their purchases over four installments, always interest-free.² The service is completely free for customers who pay on time – helping people spend responsibly without incurring interest, fees or extended debt. As of September 30, 2020, Afterpay is offered by nearly 64,000 of the world’s favorite retailers, and is used by more than 11.2 million active customers globally.  

Afterpay
 is currently available in Australia, Canada, New Zealand, the United States and the United Kingdom, where it is known as Clearpay.  Afterpay is on a mission to power an economy in which everyone wins.

¹
 Source: Invespcro global cross border shopping trends
² Eligibility criteria apply. Late fees may apply. See full terms at afterpay.com.

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SOURCE Afterpay

SAN JOSE, Calif., Nov. 12, 2020 /PRNewswire/ — Quantum Corp. (NASDAQ: QMCO) today unveiled its all-new data and storage management platform – Quantum ATFS. It is the first network-attached storage platform to integrate real-time data classification and insights with the needs of applications, determining how storage resources are allocated and consumed. Data insights enable organizations to visualize data without the constraints of a file system, automate purposeful data placement based on policies, and optimize resources using just-in-time data movement policies. The ability to support the needs of data and applications on premise or in the cloud advances Quantum’s strategy to be the leading provider of management and storage services for unstructured data anywhere.

“The engineering teams at Quantum worked with storage experts to address the many challenges IT teams face with growing storage needs. They designed an innovative and unchained solution with cutting edge technology, data provenance and analytics to provide a storage platform that works for IT, instead of IT that works for storage,” noted Jeffrey McDonald, PhD, Director of Information Technology, The Hormel Institute.

Optimize Storage Resources Based on and For the Benefit of Data
Customers today are performing “unnatural acts” to manage their data – guessing at capacity and where data lives, or crawling file systems for days to find what is needed by the business. They are often uncertain about what they can delete and when they can delete it.  The results are silos of data, and a loss of control and visibility. ATFS (All-Terrain File System) meets this challenge. It is designed to ensure just-in-time purposeful placement of data, meeting the performance, resiliency, availability, and access demands of applications and workflows. As a result, ATFS delivers a consistent end user experience to deploy resources on premise or in the cloud.

By leveraging data classification, metadata and business-oriented tagging to streamline and optimize storage resource consumption, ATFS transforms storage economics, eliminating the premium organizations pay for performance. It is designed to manage hardware resources as a service to the application when and where it is needed it at scale.

“The ATFS system we have at 5 Guys Named Moe is the backbone of our extremely high bandwidth cloud data migration work,” said Eric A. Reid, Head of Post-Production, 5 Guys Named Moe, Inc. “Utilizing the metadata tagging built into the ATFS platform allows us to prioritize data efficiently and make sure that NVMe space is automatically allocated to the most resource intensive tasks without any manual input. This reduces costs overall while ensuring we have the right balance of storage space and high-end performance available for our workflows.”

Predictable, Consistent Performance

ATFS ingests data, which can be placed into flash, bulk, or the cloud based on policies, application defined tags, or manually. Performance may be tuned based on the size of the active data set. Automated policies place data “just-in-time” to support workloads while achieving greater efficiencies and improved productivity per unit of storage.

Seamless Cloud Collaboration and Data Mobility
By automating data classification and placement, ATFS serves a wide range of use cases:

• Automate Application Workflows: Integrate with asset management tools, schedulers, and other applications to automate tasks using API in life sciences, media and entertainment, finance, and more.
• Active Data Retention: Metadata and tags simplify access to data over time.
• Deploy Resources in the Cloud: Burst into the cloud using cloud-based applications or use ATFS for large data set retention.
• Collaboration: Secure data sharing across the organization and externally without creating duplicates.
• Control Data: Execute on retention, protection, and access guidelines per regulations, best practices, to ensure data provenance.

Availability
ATFS is available to order beginning this December as software installed on a Quantum appliance.

Supporting Quotes


Scott Sinclaire, Senior Analyst, ESG: “Cloud adoption continues to accelerate, as businesses demand greater elasticity from their storage resources, their compute capabilities, and their budgets. ATFS is designed for this new data landscape, to provide businesses with the insight necessary to extract value from their unstructured data.”

Ed Fiore, General Manager, Primary Storage at Quantum: “For customers with millions or billions of files, classifying those files so they can be organized, searched, and then placed based on rules is a key advancement toward getting control of massive unstructured data sprawl. We designed the ATFS platform to address these challenges, to align an application’s needs with storage resources in real time, and to provide deeper insights into data.” 

Learn More at VirtualQ I Transform Events on November 17^th and 19^th

Quantum will host VirtualQ | Transform, an online forum for unlocking the value of unstructured data, November 17^th in Europe, and November 19^th in North America. The company will showcase the latest offerings to capture, store, manage, protect, and archive unstructured data in all its forms. Participants will gain unique industry perspectives on the forces and trends shaping Quantum’s technology roadmap and get exclusive access to executives, as well as product and technical leaders. To register, go to:  https://www.quantum.com/en/resources/events/virtualq-transform/

Additional Resources

• To learn more about ATFS: https://www.quantum.com/atfs
• For a 30-day free trial of ATFS: https://www.quantum.com/en/products/file-system/atfs/trial/
• To read the Hormel Institute case study: https://www.quantum.com/hormel-institute

About Quantum
Quantum technology and services help customers capture, create and share digital content – and preserve and protect it for decades. With solutions built for every stage of the data lifecycle, Quantum’s platforms provide the fastest performance for high-resolution video, images, and industrial IoT. That’s why the world’s leading entertainment companies, sports franchises, researchers, government agencies, enterprises, and cloud providers are making the world happier, safer, and smarter on Quantum. Quantum is listed on Nasdaq (QMCO) and was added to the Russell 2000® Index in 2020. For more information visit www.quantum.com/.

Quantum and the Quantum logo, are registered trademarks of Quantum Corporation. ATFS is a common law trademark of Quantum Corporation. All other trademarks are the property of their respective owners.

Forward-Looking Statements
This press release contains “forward-looking” statements. Quantum advises caution in reliance on forward-looking statements. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of Quantum Corporation and its consolidated subsidiaries (“Quantum”) may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements regarding the advantages of integrated data classification and tagging on ingest, optimization of storage resource consumption and reduced overall storage costs of ATFS. Risks, uncertainties and assumptions include the risk that StorNext 6.4 is not accepted by hybrid cloud and multi-cloud storage users, and other risks that are described herein, including but not limited to the items discussed in “Risk Factors” in Quantum’s filings with the Securities and Exchange Commission, including its Form 10-K filed with the Securities and Exchange Committee on August 6, 2019. Quantum expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Public Relations Contact:


Bob Wientzen


Quantum Corp.

+1 (720) 201-8125


[email protected]

 

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SOURCE Quantum Corp.

ANN ARBOR, Mich., Nov. 12, 2020 /PRNewswire/ — Marking World Usability Day, Toyota’s Collaborative Safety Research Center (CSRC) today announced four new research projects focused on enhancing advanced technology system designs to be intuitive, easy to understand and to safely engage with drivers. The new projects, undertaken in partnership with University of Michigan, Miami University, University of Nebraska, Texas Transportation Institute and State Farm will support and inform a transition to a safe future of mobility.

Toyota’s CSRC is investing $1 million in research projects focused on creating systems that are safe and efficient. These projects will focus on enabling safer and more efficient mobility systems by exploring driver behavior in different environments, monitoring driver health and identifying driver error when interacting with advanced driver assistance systems (ADAS) technologies.

Data from each project will be shared across the institutions to help speed research, with the results made public to support the advancement of auto safety industrywide.

“These studies will help us better align advanced vehicle technologies with the driver’s needs and allow us to design and develop systems that are ultimately intuitive and easy for drivers to use,” said Jeff Makarewicz, group vice president, Toyota Motor North America, Advanced Mobility Research & Development. “By working with our partner institutions, and openly sharing our insights with the broader automotive, government, NGO, and technology communities, we believe we can help progress society’s acceptance of these new and promising technologies.”

Since its launch in 2011, CSRC has initiated 63 research projects with 31 partner universities, publishing more than 400 papers and presenting at multiple industry conferences. CSRC research has made meaningful contributions to auto safety industrywide, including studies into human factors on vehicle safety and the efficacy of active and passive safety systems, as well as the collection of driving safety data and development of new tools to analyze that data.

The new CSRC research projects include:

For more information on Toyota’s Collaborative Safety Research Center, click here.

About Toyota

Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our nearly 1,500 dealerships. 

Toyota has created a tremendous value chain and directly employs more than 36,000 in the U.S. The company has contributed world-class design, engineering, and assembly of more than 30 million cars and trucks at our 9 manufacturing plants, 10 including our joint venture in Alabama that begins production in 2021.

To help inspire the next generation for a career in STEM-based fields, including mobility, Toyota launched its virtual education hub at

www.TourToyota.com

 with an immersive experience and chance to visit many of our U.S. manufacturing facilities. The hub also includes a series of free STEM-based lessons and curriculum through Toyota USA Foundation partners, virtual field trips and more.
For more information about Toyota, visit 

www.toyotanewsroom.com

.

Media Contact:
Cynthia Mahalak
734-660-5046
[email protected]

 

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SOURCE Toyota Motor North America

SAVANNAH, Ga., Nov. 12, 2020 /PRNewswire/ — Hawkeye Systems, Inc. (OTCQB: HWKE)(“Company”), a technology holding company focused on pandemic management products and services, is pleased to announce today it has signed a Letter of Intent (LOI) with Whistler International Korea, a leading multinational conglomerate located in Seoul with operations in Asia, Middle East and Latin American Countries. Under the terms of the LOI, the Company is expected to secure a three-year FDA approved Nitrile glove supply comprised of 3,600,000 boxes annually.   

Corby Marshall, CEO of Hawkeye Systems, stated, “We are pleased to continue positioning the Company to procure dedicated supply sources of mission critical PPE (Personal Protective Equipment) as the number of COVID-19 positive cases continues to resurge in the US. We believe our LOI with Whistler to provide highly coveted Nitrile protective gloves further validates Hawkeye as a reliable PPE source with an established track record that already includes the previously announced procurement and delivery of FDA approved hand sanitizer and N95 protective masks. We value the process of safety and are honored to leverage our ability to navigate both international and domestic trade lines to strengthen our Country’s pandemic response.”

About Hawkeye Systems, Inc.

Hawkeye Systems, Inc. is a technology holding company focused on cutting edge technology, pandemic management products and services. The Company is committed to leveraging its extensive resources in support of its ongoing mission to help our government and medical infrastructure keep civilians safe.

For more information, please contact:
Corby Marshall, CEO
Number: +1 (800) 531-8799
Email: [email protected] 
Website: hawkeyesystemsinc.com 
Investor relations –  [email protected]

Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to the body camera system, the potential success of the body camera system, our growth strategy and product development including PPE, any technology related to our sales pipeline, and any other statements that are not historical facts. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to the results of research and development activities; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; our dependence on third-party suppliers and partners; our ability to attract, integrate, and retain key personnel; the early stage of products under development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described in our SEC filings. Important factors that may cause the actual results to differ from those expressed within may include, but are not limited to: the success or failure of Hawkeye’s efforts to successfully market its products and services as scheduled; Hawkeye’s ability to attract and retain quality employees; the effect of changing economic conditions; increased competition; the ability of Hawkeye to obtain adequate debt or equity financing. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.

 

 

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SOURCE Hawkeye Systems, Inc.

Major Latin American Retail Channel Activated for Fortune 500 Hardware Manufacturer

CHICAGO, Nov. 12, 2020 /PRNewswire/ – Venzee Technologies Inc. (TSXV: VENZ) (“Venzee” or the “Company”) today announced activation and initial client use of a Venzee Mesh Connector™ for MercadoLibre (NASDAQ: MELI) – a leading e-commerce destination for consumers across 18 Latin American countries.

Using the Venzee platform, brands and manufacturers set up a single digital connection that allows selection of an unlimited number of Mesh Connectors™ to feed critical data and product information to global retailers.

According to Peter Montross, EVP Commercial Operations for Venzee, “Our team prioritized development of a MercadoLibre connector at the request of a Fortune 500 consumer tool brand looking to expand their global retail footprint without adding labor, time, or complexity. Venzee’s low cost Mesh Connector™ to MercadoLibre – and their retail base of more than 320 million consumers – fit that need.”

Venzee’s proprietary Mesh Connector™ technology automatically adapts and conforms to diverse retail requirements – enabling brands to reduce labor, reduce cost, and expand their global retail sales and distribution channels.

Chad Kaczmarek, Senior Director of Integrations at Venzee said, “To sell a product, brands have a choice – they can set up thousands of individual retail connections manually, using teams of people, or they can use Venzee and configure a single connection to endlessly expand their retail sales channels using our Mesh Connector™ technology. If retail scale and speed are important, Venzee is the obvious choice.”

Venzee has previously announced 327 Retail Channels available for selection through the Company’s platform. The Company has recently added five new retail channels and will continue to grow connections as they are requested by brands and partners utilizing the Venzee platform. Across 14 active Fortune 500 client engagements, the Company currently has more than 412 Mesh Connector™ opportunities.

Said Mr. Montross, “Activation of the MercadoLibre connection validates our position as the most efficient path large brands can take to accelerate sales – in regional or global consumer markets. We expect hundreds of additional brands looking to connect with more than 300 million consumers in Latin America will leverage our Mesh Connector™ to MercadoLibre over the next year.”

In line with the Company’s operational business model, brands compensate the Company for use of the MercadoLibre Mesh Connector™ at various contracted rates. MercadoLibre requires the Company to meet various technical and operational criteria but does not compensate the Company.

Separately, the Company has announced settlement of an outstanding debt in the amount of CAD$12,000 by issuing an aggregate of 133,333 common shares (the “Debt Shares”) at a deemed price of $0.09 per share. The Debt Shares will have a 4-month hold period and the debt settlement is subject to the approval of the TSX Venture Exchange.

About Mercado Libre, Inc.

MercadoLibre (NASDAQ: MELI) is an Argentine company incorporated in the United States and is the leading e-commerce company in Latin America.

Through its six integrated ecommerce platforms including MercadoLibre, MercadoPago and MercadoEnvíos, it offers technology solutions that enable companies and individuals to buy, sell, announce, send and pay for goods and services over the internet.

MercadoLibre is among the top 50 most visited websites in the world in terms of page views, and it is the ecommerce platform with the most unique visitors in each country where it operates.

About Venzee Technologies, Inc.

Venzee (TSX-V VENZ) is a technology platform used by Global Brands to speed products to market and create competitive supply chain advantage. Venzee displaces costly, labor-intensive last-mile retail processes with a low-cost intelligent platform solution.

We believe intelligent supply chain functionality is inevitable and will significantly benefit growers, makers, brands, sellers, regulators, and consumers. At Venzee, we’re building the foundation for a future where seamless, accurate, automated data flow simplifies processes, removes friction, and creates value for all those that rely on the myriad of data and information surrounding any product, anywhere.

Venzee’s mission is to unlock shareholder value by creating intelligent technology that removes friction from the global supply chain. Our products disrupt and displace inefficient manual processes in favor of integrated, machine-driven solutions.

Rethinking Supply Chain Podcast

Now available on Apple, Spotify, and other Podcast services, Venzee CEO, John Abrams, shares his expertise from years of work in the global supply chain – alongside other industry experts. On the show, we dive into all aspects of the supply chain. We discuss the history of the supply chain, how it is changing, and what makes for a resilient supply network in today’s rapidly changing world.

To learn more about Venzee, visit venzee.com

On Behalf of the Board,

John Sexton Abrams

President and CEO
Venzee Technologies, Inc.
[email protected]
888-359-9299

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the terms of the Offering, the completion of the Offering and the expected use of the net proceeds received by the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; and regulatory risks. Additional information about these assumptions and risks and uncertainties is contained under “Risk Factors and Uncertainties” in the Company’s management’s discussion and analysis for the year ended December 31, 2018, and the quarter ended August 29, 2019, which are available under the Company’s SEDAR profile at www.sedar.com, and in other filings that the Company has made and may make with applicable securities authorities in the future.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement.

The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.

Neither TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Venzee Technologies Inc.