Market Newsdesk

WALTHAM, Mass., Nov. 30, 2020 /PRNewswire/ — Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, announced that Marc N. Casper, chairman, president and chief executive officer, will present virtually at the Evercore ISI HealthCONx Conference on Tuesday, December 1, 2020, at 1:00 p.m. (EST).  Among other topics, Mr. Casper will provide the company’s current perspective on the impact of the COVID-19 pandemic and expectations for future financial performance.

You can access the live webcast of the presentation via the Investors section of our website, www.thermofisher.com.

About Thermo Fisher Scientific 

Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science, with annual revenue exceeding $25 billion. Our Mission is to enable our customers to make the world healthier, cleaner and safer. Whether our customers are accelerating life sciences research, solving complex analytical challenges, improving patient diagnostics and therapies or increasing productivity in their laboratories, we are here to support them. Our global team of more than 75,000 colleagues delivers an unrivaled combination of innovative technologies, purchasing convenience and pharmaceutical services through our industry-leading brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services and Patheon. For more information, please visit www.thermofisher.com.

Media Contact Information:
Ron O’Brien
Phone: 781-622-1242
E-mail: [email protected] 
Website: www.thermofisher.com

Investor Contact Information:
Ken Apicerno
Phone: 781-622-1294
E-mail: [email protected]

 

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SOURCE Thermo Fisher Scientific

SOUTH PLAINFIELD, N.J., Nov. 30, 2020 /PRNewswire/ — PTC Therapeutics, Inc. (NASDAQ: PTCT), today announced the initiation of the registration-directed Phase 3 MOVE-FA study evaluating vatiquinone (PTC743) in children and young adults with Friedreich ataxia (FA). FA is a genetic, progressive, neurodegenerative movement disorder, typically diagnosed in childhood or adolescence.¹ PTC estimates that there are 25,000 patients with FA worldwide and there are currently no approved disease modifying therapies for FA. In a previous Phase 2 trial, vatiquinone demonstrated a statistically significant effect on disease severity at 24 months relative to age and stage-matched natural history controls as assessed by the validated Friedreich ataxia rating scale (FARS) score and a favorable safety profile. Vatiquinone has been granted Orphan Drug Designation and Fast Track Designation for Friedreich ataxia by the U.S. Food and Drug Administration (FDA).

“The initiation of another pivotal trial this year is a major milestone for PTC,” said Stuart W. Peltz, Ph.D., Chief Executive Officer, PTC Therapeutics, Inc. “This is the third clinical trial initiated this year based on compounds using our Bio-e platform. Vatiquinone is an exciting orally bioavailable small molecule that targets 15-lipoxygenase, the key enzyme regulating signaling pathways that control neuroinflammation and oxidative stress. Both pathways are important players in determining the pathology and disease progression seen in Friedreich ataxia patients. Previous clinical trial results give us confidence in vatiquinone’s potential in treating patients living with this devastating disease.”

The Phase 3 MOVE-FA trial is an 18-month parallel arm, placebo-controlled study evaluating vatiquinone versus placebo in approximately 110 children and young adults with FA. The primary endpoint is the change from baseline in the modified Friedreich ataxia rating scale (mFARS), with key secondary endpoints assessing ambulation and activities of daily living. This endpoint strategy was developed in consultation with both the FDA and European Medicines Agency. The study will include sites in the U.S., E.U., Australia and Latin America.

“FARA and the FA community are grateful to PTC Therapeutics for their commitment to advancing treatments for Friedreich ataxia,” stated Jennifer Farmer, Chief Executive Officer, FARA. “We are excited for the PTC743 program to reach this milestone of opening enrollment of the MOVE-FA clinical trial and we look forward to assisting PTC with recruitment in the US and internationally.”

About Vatiquinone (PTC743)
Vatiquinone is an investigational small molecule that inhibits 15-Lipoxygenase, an enzyme that is a key regulator of the oxidative stress and inflammation response pathways that underpin neurological disease pathology. Vatiquinone has been evaluated in a number of clinical studies in which it has been demonstrated to have an impact on mortality risk and a number of neurological and neuromuscular disease symptoms. In more than 500 patients with duration of exposure up to 10 years, vatiquinone has demonstrated a favorable safety profile.

About PTC Therapeutics, Inc.
PTC is a science-driven, global biopharmaceutical company focused on the discovery, development and commercialization of clinically differentiated medicines that provide benefits to patients with rare disorders. PTC’s ability to globally commercialize products is the foundation that drives investment in a robust and diversified pipeline of transformative medicines and our mission to provide access to best-in-class treatments for patients who have an unmet medical need. To learn more about PTC, please visit us at www.ptcbio.com and follow us on Facebook, on Twitter at @PTCBio, and on LinkedIn.

For More Information:
Media:

Jane Baj

+1 (908) 912-9167
[email protected] 

Investors:

Lisa Hayes

+1 (732) 354 8687
[email protected] 

Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. All statements contained in this release, other than statements of historic fact, are forward-looking statements, including statements regarding: the future expectations, plans and prospects for PTC, including with respect to the expected timing of clinical trials and studies, availability of data and other matters; PTC’s strategy, future operations, future financial position, future revenues and projected costs; and the objectives of management. Other forward-looking statements may be identified by the words “guidance,” “plan,” “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” and similar expressions.

PTC’s actual results, performance or achievements could differ materially from those expressed or implied by forward-looking statements it makes as a result of a variety of risks and uncertainties, including those related to: the outcome of pricing, coverage and reimbursement negotiations with third party payors for PTC’s products or product candidates that PTC commercializes or may commercialize in the future; significant business effects, including the effects of industry, market, economic, political or regulatory conditions; changes in tax and other laws, regulations, rates and policies; the eligible patient base and commercial potential of PTC’s products and product candidates; PTC’s scientific approach and general development progress; and the factors discussed in the “Risk Factors” section of PTC’s most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K, as well as any updates to these risk factors filed from time to time in PTC’s other filings with the SEC. You are urged to carefully consider all such factors.

As with any pharmaceutical under development, there are significant risks in the development, regulatory approval and commercialization of new products. There are no guarantees that any product will receive or maintain regulatory approval in any territory or prove to be commercially successful.

The forward-looking statements contained herein represent PTC’s views only as of the date of this press release and PTC does not undertake or plan to update or revise any such forward-looking statements to reflect actual results or changes in plans, prospects, assumptions, estimates or projections, or other circumstances occurring after the date of this press release except as required by law.

¹ National Organization for Rare Disorders (NORD) (2020). Friedreich’s Ataxia. https://rarediseases.org/rare-diseases/friedreichs-ataxia/. Accessed November 13, 2020. 

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SOURCE PTC Therapeutics, Inc.

COLUMBUS, Ohio, Nov. 30, 2020 /PRNewswire/ — Huntington (Nasdaq: HBAN; www.huntington.com) today announced it is upgrading the software of its entire ATM network and replacing 400 machines by year-end. The upgraded ATMs will run on state-of-the-art Hyosung MoniPlus2S software, which delivers faster transactions and improved security for customers. The newly equipped Hyosung ATMs also will allow customers to choose bills in denominations of $1, $5, $20 or $50.

Huntington has 1,330 ATMs across its seven-state Midwest footprint, as of the third quarter 2020.

“Our customers continue to rely on the convenience of ATMs, and this comprehensive upgrade of our ATM fleet demonstrates our commitment to improving their experience,” said Andy Harmening, Huntington’s director of Consumer and Business Banking. “Our customers have told us security, flexibility and ease of use are important to them and, true to our purpose of looking out for people, we have turned their feedback into action.”

This ATM upgrade sets the stage for future enhancements that will include tap-and-go authentication through an ATM card or mobile app. And because the Hyosung software operates on ATMs from multiple manufacturers, Huntington customers will benefit from a consistent experience regardless of their location.

The Huntington upgrade will be Hyosung America’s largest U.S. installation of MoniPlus software across a multi-vendor suite of ATMs.

The ATM upgrade is the latest of several recent products and services Huntington has delivered to help consumers and businesses improve their financial well-being, including:

• 24-Hour Grace^® for Business is the first and only service of its kind that gives additional time to cover overdrafts on checking accounts. Huntington will automatically waive the overdraft fee as long as the customer makes a deposit during the next business day to resolve the overdraft. Huntington introduced this feature for consumers in 2010.
• No overdraft fee $50 Safety Zone^SM to further help customers manage their long-term financial health. Accounts are safe from overdraft fees as long as the account is overdrawn by $50 or less.
• Huntington Lift Local Business, a new $25 million, small-business lending program focused on serving minority, women and veteran-owned businesses. Building on its position as the nation’s No. 1 Small Business Administration (SBA) 7(a) lender by volume, Huntington developed creative lending options and a variety of other features that will help bring relief, recovery and growth to small businesses across the Midwest.
• Money Scout, an automatic savings tool that scans customers’ accounts and looks out for money they can set aside. Money Scout analyzes spending habits, income, and upcoming expenses to find money that customers aren’t using in their checking accounts – from $5 to $50 – then moves it to savings, automatically.

Since 2019, Huntington has introduced The Hub, the bank’s digital-banking experience, and Huntington Heads Up^®, a digital messaging platform. Free to all customers, the tools are designed to help customers save more money, manage their spending and keep their financial goals front and center. Key features of the digital tools include:

• Savings Goal Getter: Helps customers visualize what they’re saving for and shows their progress along the way.
• Spend Analysis: Helps customers categorize their spending and better understand how they can change those habits going forward.
• Spend Setter: Allows customers to set up monthly spending limits by category.
• Look Ahead Calendar: Provides a financial view of the month to come. Customers can see future bills and deposits so they can plan accordingly.

About Huntington

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio, with $120 billion of assets and a network of 839 full–service branches, including 11 Private Client Group offices, and 1,330 ATMs across seven Midwestern states. Founded in 1866, The Huntington National Bank and its affiliates provide consumer, small business, commercial, treasury management, wealth management, brokerage, trust, and insurance services. Huntington also provides vehicle finance, equipment finance, national settlement, and capital market services that extend beyond its core states. Visit huntington.com for more information.

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SOURCE Huntington Bancshares Inc.

SUNNYVALE, Calif., Nov. 30, 2020 /PRNewswire/ — Landsea Homes, a Newport Beach-based homebuilder, announced that it has acquired 128 homesites to create the new community, Lavender, in Sunnyvale, CA.

“We’re very excited to launch another unique community in Sunnyvale,” said Josh Santos, Northern California division president. “The Vale’s 314 homes sold out in just over two years and we’re confident that Lavender will also be well received in the Sunnyvale market. Homebuyers in Silicon Valley are looking for living that offers modern-day conveniences and easy access to transportation, which buyers will find at Lavender.”

The new community will consist of nine different floor plans ranging in size from 1,078 square feet to 2,011 square feet. Additionally, 20 of the new townhomes will be priced below market rate.

Located at 925 Wolfe Road, land development is expected to begin in December 2020, with the new homes available in late 2021.

With a population of approximately 157,000 residents, Sunnyvale is the seventh largest city in the Bay Area. Almost 8,000 local businesses provide a rich mixture of goods and services, including many icons in tech, manufacturing, retail and R&D.

“Lavender’s close proximity to the region’s top tech employers and numerous transportation options are perfect for new homebuyers,” added Santos. “With world-recognized brands and locally treasured shopping and dining close by, residents will enjoy a unique lifestyle unmatched in the region.”

Homes at Lavender will also be a part of Landsea Homes’ Performance Collection. This includes High Performance Home features that consist of three core pillars – home automation, which is supported by a partnership with leading technology company Apple® to utilize the Apple HomeKit™ environment, sustainability and energy savings.

Landsea Homes is currently selling homes in other Bay Area communities, including Catalina in Santa Clara, Skylark at Sanctuary Village in Newark and Relevae at Wilder in Orinda.

In September, Landsea Homes acquired 80 new three-story townhomes in Novato at Verandah at Valley Oaks. In November, Landsea Homes acquired 306 homesites for a new community called Ellis Town and Country in Tracy, the company’s first community in the outer Bay Area.

Landsea Homes announced plans to merge with LF Capital Acquisition Corp. (NASDAQ: LFAC), which would make Landsea a public company in the fourth quarter of 2020.

For more information about Landsea Homes, please visit: www.landseahomes.com.

About Landsea Homes

Landsea Homes is a California-based homebuilding company that designs and builds best-in-class homes and sustainable master-planned communities in some of the nation’s most desirable markets. The company has developed homes and communities in New York, Boston, New Jersey, Arizona, northern California and southern California.

An award-winning homebuilder that builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities, Landsea Homes is known for creating inspired places that reflect modern living and provides homebuyers the opportunity to “Live in Your Element.” Our homes allow people to live where they want to live, how they want to live – in a home created especially for them. 

Driven by a pioneering commitment to sustainability, Landsea Homes’ Performance collection features homes that are responsibly designed to take advantage of the latest innovations with home automation technology supported by Apple®.  Homes in this collection include features that make life easier and provide energy savings that allow for more comfortable living at a lower cost through sustainability features that contribute to healthier living for both homeowners and the planet. 

Our Garrett-Walker collection offers unique, affordably priced and value-based single-family homes in some of the nation’s fastest growing and most desirable markets. Homebuyers enjoy the confidence of owning a quality home that provides lasting value. One of the most trusted brands in the region, this collection continues to attract everyone from first-time homeowners to those seeking more room for their growing families.

Led by a veteran team of industry professionals who boast years of worldwide experience and deep local expertise, Landsea Homes is committed to positively enhancing the lives of our homebuyers, employees and stakeholders by creating an unparalleled lifestyle experience that is unmatched.

For more information on Landsea Homes, visit: www.landseahomes.com.  

 

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SOURCE Landsea Homes

NEW YORK, Nov. 30, 2020 /PRNewswire/ — Mphasis (BSE: 526299) (NSE: MPHASIS), an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced the launch of its Quantum Computing framework powered Consulting and Quantum Algorithm development services.

Mphasis helps enterprises leverage the power of Quantum Computing in solving complex business problems in areas such as Machine Learning, Optimization and Simulation. Quantum Computing allows the building of computing systems which incorporate richer data handling and processing elements than the ones currently used by traditional computers. Quantum computers help reduce the execution time for algorithms, identify complex patterns in data to improve accuracy and help solve complex problems that are difficult to solve on traditional computers in finite time.

The company engages with customers through Quantum computing services such as Assessment, Workshops, Consulting and Algorithm Development. The Quantum Computing Consulting and Algorithm development are powered by Mphasis’ patent pending Quantum Computing framework, Energy Optimized Network (EON). The framework overcomes the limitations of quantum computing systems not being able to work on varied input datasets. It consists of Quantum assisted Machine Learning, Quantum Circuit and Deep neural network layers.

“We at Mphasis work consistently towards driving innovation to bring our customers seamless solutions to complex business problems. The Quantum Energy Optimized Network (EON) based solution and services solve the next level of complex business problems of our customers across areas such as Machine Learning, Optimization and Simulation,” saidNitin Rakesh, Chief Executive Officer & Executive Director, Mphasis.

Quantum Algorithm Development and Implementation services are spread across Quantum Annealing based systems, Quantum Circuit based systems as well as simulators and emulators. The Mphasis expertise in building Quantum based algorithms include Capacitated Vehicle Routing Optimization, Financial Services Portfolio selection, Financial Services Asset allocation, Supply Chain Demand Prediction, Large Scale Image Analytics, Graph Theory and Network Analysis, Distributed Supply Network Optimization, Text Categorization on large document corpus, Rare Event Classification such as Anomaly Detection, Content Generative frameworks such as Natural Language Generators etc.

About Mphasis                                                   

Mphasis (BSE: 526299) (NSE: MPHASIS) applies next-generation technology to help enterprises transform businesses globally. Customer centricity is foundational to Mphasis and is reflected in Mphasis’ Front2Back™ Transformation approach. Front2Back™ uses the exponential power of cloud and cognitive to provide a hyper-personalized (C=X2C² _TM=1) digital experience to clients and their end customers. Mphasis’ Service Transformation approach helps ‘shrink the core’ through the application of digital technologies across legacy environments within an enterprise, enabling businesses to stay ahead in a changing world. Mphasis’ core reference architectures and tools, speed and innovation with domain expertise and specialization are key to building strong relationships with marquee clients. Click here to know more.

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SOURCE Mphasis

UNION, N.J., Nov. 30, 2020 /PRNewswire/ — Bed Bath & Beyond Inc. (Nasdaq: BBBY) has named John Welling as Senior Vice President (SVP), Merchandise Planning, Allocation & Operations, effective immediately.  Mr. Welling will report to Joe Hartsig, Bed Bath & Beyond’s Chief Merchandising Officer (CMO), and President of Harmon Health & Beauty Stores.

John Welling will be responsible for helping lead the transformation of Bed Bath & Beyond’s inventory planning and replenishment strategy, a core pillar in the Company’s strategic growth plan. This includes implementing enhanced merchandising processes and inventory systems to improve in-stock levels and turn times, end to end inventory management capabilities, product life cycle management, reporting tools and regional merchandising activities.  In addition, John will oversee the evolution of space and assortment planning to optimize merchandise in store, ensure a more consistent, high-quality customer experience, and support the recently announced store remodel program which includes investments of approximately $250 million over the next three years. 

Joe Hartsig said, “We’re proud to serve one in five households across the country and we are building on our strong authority in the home market. John brings industry-leading experience in retail transformation, inventory management, merchandise planning and store operations, expertise that will help advance our foundational capabilities, improve the experience for our customers, and drive increased profitability across our assortment.”

Mr. Welling joins Bed Bath & Beyond with decades of experience across the retail industry.  He was SVP for Planning and Allocation at JC Penney, before which he held senior merchandising, planning and operations roles at The Michaels Companies and Walmart, where he spent over 10 years in global leadership roles in inventory management and regional operations.  Prior to this, John spent more than a decade at Accenture, where he was a Partner in the North American Retail Practice, with responsibility for creating and implementing transformational change initiatives across the retail landscape. 

John Welling said, “This iconic brand has been integral to generations of people across North America, and I’m delighted to join Bed Bath & Beyond at a time when its role is more important than ever.  I’m excited to help establish new capabilities that unlock growth and build on the strong authority of this business in the home.”

About Bed Bath & Beyond Inc.

Bed Bath & Beyond Inc. and subsidiaries (the “Company”) is an omnichannel retailer that makes it easy for our customers to feel at home. The Company sells a wide assortment of merchandise in the Home, Baby, Beauty and Wellness markets. Additionally, the Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond.

Forward-Looking Statements

This press release contains forward-looking statements, including, but not limited to, the Company’s progress and anticipated progress towards its long-term objectives. Many of these forward-looking statements can be identified by use of words such as may, will, expect, anticipate, approximate, estimate, assume, continue, model, project, plan, goal, and similar words and phrases, although the absence of those words does not necessarily mean that statements are not forward-looking. The Company’s actual results and future financial condition may differ materially from those expressed in any such forward-looking statements as a result of many factors. Such factors include, without limitation: general economic conditions including the housing market, a challenging overall macroeconomic environment and related changes in the retailing environment; risks associated with the novel coronavirus (COVID-19) and the governmental responses to it, including its impacts across the Company’s businesses on demand and operations, as well as on the operations of the Company’s suppliers and other business partners, and the effectiveness of the Company’s actions taken in response to these risks; consumer preferences, spending habits and adoption of new technologies; demographics and other macroeconomic factors that may impact the level of spending for the types of merchandise sold by the Company; civil disturbances and terrorist acts; unusual weather patterns and natural disasters; competition from existing and potential competitors across all channels; pricing pressures; liquidity; the ability to achieve anticipated cost savings, and to not exceed anticipated costs, associated with organizational changes and investments, including the Company’s strategic restructuring program; the ability to attract and retain qualified employees in all areas of the organization; the cost of labor, merchandise and other costs and expenses; potential supply chain disruption due to trade restrictions, and other factors such as natural disasters, such as pandemics, including the COVID-19 pandemic, political instability, labor disturbances, product recalls, financial or operational instability of suppliers or carriers, and other items; the ability to find suitable locations at acceptable occupancy costs and other terms to support the Company’s plans for new stores; the ability to establish and profitably maintain the appropriate mix of digital and physical presence in the markets it serves; the ability to assess and implement technologies in support of the Company’s development of its omnichannel capabilities; the ability to effectively and timely adjust the Company’s plans in the face of the rapidly changing retail and economic environment, including in response to the COVID-19 pandemic; uncertainty in financial markets; volatility in the price of the Company’s common stock and its effect, and the effect of other factors, including the COVID-19 pandemic, on the Company’s capital allocation strategy; risks associated with the ability to achieve a successful outcome for its business concepts and to otherwise achieve its business strategies; the impact of intangible asset and other impairments; disruptions to the Company’s information technology systems including but not limited to security breaches of systems protecting consumer and employee information or other types of cybercrimes or cybersecurity attacks; reputational risk arising from challenges to the Company’s or a third party product or service supplier’s compliance with various laws, regulations or standards, including those related to labor, health, safety, privacy or the environment; reputational risk arising from third-party merchandise or service vendor performance in direct home delivery or assembly of product for customers; changes to statutory, regulatory and legal requirements, including without limitation proposed changes affecting international trade; changes to, or new, tax laws or interpretation of existing tax laws; new, or developments in existing, litigation, claims or assessments; changes to, or new, accounting standards; and foreign currency exchange rate fluctuations. Except as required by law, the Company does not undertake any obligation to update its forward-looking statements.

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SOURCE Bed Bath & Beyond Inc.

Boardwalk Digital Ledger selected to manage forecasting and planning

CUPERTINO, Calif., Nov. 30, 2020 /PRNewswire/ – (TSXV: BWLK) (OTCQB: BWLKF)  Boardwalktech Software Corp (“Boardwalktech” or the “Company”), the leading Digital Ledger platform and enterprise software applications company, is pleased to announce it has executed a new license with a major European based consumer products company (the “Client”) to implement its proprietary Boardwalk Digital Ledger Platform.

Boardwalktech’s platform is being used to manage forecasting and planning for products sold globally.  This is the first application utilizing Boardwalktech’s Digital Ledger technology for this client with planned expansion of additional licensed applications over the next year.   

“Today’s announcement reflects a continuing trend by large enterprises to upgrade their collaborative digital data management solutions, that has only been expedited as a result of the global pandemic. Boardwalktech’s proprietary platform is uniquely suited to help companies transform information management in the enterprise with minimal disruption,” said Andrew T. Duncan, Chief Executive Officer of Boardwalktech. “An organization of this size with a world-wide distribution and sales network has an unparalleled amount of complexity in its supply chain. In this customer’s case, eliminating latencies and inefficiencies that may exist in their supply chain was of paramount importance, particularly when considering the financial costs and risks associated with supply chain delays. Using the Boardwalk Digital Ledger Platform will improve collaboration and connections across numerous teams and time zones around the world, allowing for faster information flow and knowledge exchange, resulting in better, more informed decisions that improve sales and operational results.”

About Boardwalktech Software Corp.

Boardwalktech has developed a patented Digital Ledger Technology Platform used by Fortune 500 companies running hundreds of live mission-critical applications worldwide. Boardwalktech’s patented digital ledger technology and its unique method of managing vast amounts of structured and unstructured data is the only platform on the market today where multiple parties can effectively work on the same data simultaneously. Boardwalktech can deliver a collaborative purpose-built enterprise information management application on any device or user interface with full integration with enterprise systems of record in a fraction of the time it takes other non-digital ledger technology-based applications.

Boardwalktech is headquartered in Cupertino, California with offices in India and operations in North America. To learn more about Boardwalktech and its capabilities, please visit www.boardwalktech.com.

Forward-Looking Information and Statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or statements 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 may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information contained herein may include, but is not limited to, information concerning the Offering (including the completion of any additional tranches of the Offering) and the use of the proceeds raised under the Offering.

By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are 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 information and statements.

An investment in securities of the Company is speculative and subject to several risks including, without limitation, the risks discussed under the heading “Risk Factors” in the Company’s filing statement dated May 30, 2018. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.

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

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SOURCE BoardwalkTech

WOONSOCKET, R.I., Nov. 30, 2020 /PRNewswire/ — CVS Health Corporation (NYSE: CVS) today announced that Larry Merlo, President and Chief Executive Officer; and Eva Boratto, Executive Vice President and Chief Financial Officer; and Karen Lynch, Executive Vice President and President of Aetna will be participating in a fireside chat with investors at the Evercore ISI 3rd Annual Global HealthCONx Conference on December 3, 2020, at approximately 12:10 pm ET.

About CVS
Health
CVS Health employees are united around a common goal of becoming the most consumer-centric health company in the world. We’re evolving based on changing consumer needs and meeting people where they are, whether that’s in the community at one of our nearly 10,000 local touchpoints, in the home, or in the palm of their hand. Our newest offerings – from HealthHUB® locations that are redefining what a pharmacy can be, to innovative programs that help manage chronic conditions – are designed to create a higher-quality, simpler and more affordable experience. Learn more about how we’re transforming health at http://www.cvshealth.com.

 

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SOURCE CVS Health Corporation

ELKHART, Ind., Nov. 30, 2020 /PRNewswire/ — Patrick Industries, Inc. (NASDAQ: PATK) (“Patrick” or the “Company”) announced today that it has completed the acquisition of Taco Metals, LLC (“Taco”), a leading manufacturer of boating products including rub rail systems, canvas and tower components, sport fishing and outrigger systems, helm chairs and pedestals, and specialty hardware for leading OEMs in the recreational boating industry and the related aftermarket. Taco is headquartered in Miami, Florida, with manufacturing facilities in Tennessee and Florida, and distribution centers in Tennessee, Florida, South Carolina and Massachusetts. The Company projects Taco’s full-year 2020 revenues to be approximately $40 million and expects the acquisition to be immediately accretive to net income per share.

“Taco is an innovative, single source solutions provider offering a comprehensive suite of products and accessories with tremendous brand value, a customer first approach, and compelling aftermarket product lines,” said Andy Nemeth, President and Chief Executive Officer of Patrick. “In addition, Taco is a recognized industry leader with a long-standing and diversified customer base, and possesses a full design and engineering support team, global supply chain, and broad manufacturing capabilities. We are excited to partner with Jon, Bill, and Mike Kushner and the entire Taco team in expanding our marine brand and aftermarket platform. Consistent with previous acquisitions, we will support Taco with a financial and operational foundation that will allow it to continue to capitalize on its core competencies while preserving the entrepreneurial spirit and brand that have been so important to its success.”  

Jon Kushner, President of Taco, said, “After more than 60 years as a family-owned business,  my brothers and I are pleased to join the Patrick family to continue the legacy of the Taco brand and broaden our reach and product offerings in the markets we serve. Patrick’s strategic resources and marine industry presence will be an added value toward our ongoing commitment to deliver innovative, engineered products that reflect evolving customer preferences for integration, safety, comfort, convenience and technology.” 

The acquisition of Taco includes the acquisition of working capital and other assets and was funded under the Company’s credit facility. Patrick will continue to operate Taco on a stand-alone basis under its brand name in its existing facilities. 

About Patrick Industries, Inc.        
Patrick Industries, Inc. is a major manufacturer and distributor of component products and building products serving the recreational vehicle, marine, manufactured housing, residential housing, high-rise, hospitality, kitchen cabinet, office and household furniture, fixtures and commercial furnishings, and other industrial markets and operates coast-to-coast in various locations throughout the United States and in Canada, China and the Netherlands. Patrick’s major manufactured products include decorative vinyl and paper laminated panels, countertops, fabricated aluminum products, wrapped profile mouldings, slide-out trim and fascia, cabinet doors and components, hardwood furniture, fiberglass bath fixtures and tile systems, thermoformed shower surrounds, specialty bath and closet building products, fiberglass and plastic helm systems and component products, wiring and wire harnesses, boat covers, towers, tops and frames, electrical systems components including instrument and dash panels, softwoods lumber, interior passage doors, air handling products, RV painting, slotwall panels and components, aluminum fuel tanks, and CNC molds and composite parts and other products. The Company also distributes drywall and drywall finishing products, electronics and audio systems components, wiring, electrical and plumbing products, appliances, cement siding, raw and processed lumber, FRP products, interior passage doors, roofing products, tile, laminate and ceramic flooring, shower doors, furniture, fireplaces and surrounds, interior and exterior lighting products, and other miscellaneous products, in addition to providing transportation and logistics services.

Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, and in the Company’s Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission (“SEC”) and are available on the SEC’s website at www.sec.gov. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.

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SOURCE Patrick Industries, Inc.

KARACHI, Pakistan, Nov. 30, 2020 /PRNewswire/ — ChildLife Foundation (ChildLife), a not-for-profit healthcare organization in Pakistan that has saved lives of over three million children to-date, has selected Oracle Cloud Infrastructure (OCI) to support its third party hospital management system application. As a result, ChildLife has significantly increased the utilization of the application by improving its availability and performance, at a reduced cost. This is helping it direct the maximum amount of funding and resource towards achieving its mission: providing quality and free-of-cost emergency healthcare to every child in Pakistan.

ChildLife operates in 21 hospitals with 10 state-of-the-art, model emergency rooms in all public-teaching hospitals across Sindh and Baluchistan provinces and 11 telemedicine satellite centers serving far-flung areas, providing services that typically help save one million lives annually. ChildLife has been expanding its operations exponentially since its inception in 2010.  To continue this, it needed a stable, secure and scalable platform to underpin its hospital management information system and support this ongoing growth.

“Preventable deaths claim the lives of hundreds of children annually in Pakistan, with pneumonia alone killing 92,000 children annually. Our aim is to save as many of them as possible by making rapid access to free-of-cost and quality emergency medical care possible across the country,” said Dr. Ahson Rabbani, CEO – ChildLife Foundation. “Knowing that our hospital management system application is running on a reliable, performant and secure cloud like Oracle Cloud, gives us peace of mind and allows us to ensure that the majority of our funding goes towards delivering an efficient healthcare system.”

ChildLife has made significant savings by deploying Oracle Cloud Infrastructure to help it future-proof its IT infrastructure, instead of upgrading its on-premises solution. Additionally, Oracle Cloud will help deliver the performance and scalability needed to run demanding workloads and maximize the availability of data and applications, as well as provide a disaster recovery site.

“Transforming the future of healthcare can be achieved by leveraging the latest technology to deliver high-quality patient care at a reduced cost. While this is true globally, it specifically applies to a country like Pakistan, where resources are limited,” said Amer Khan, Senior Sales Director, Technology Business, Oracle Pakistan. “We are delighted to help ChildLife Foundation build a reliable and highly available healthcare platform using Oracle’s cloud offerings that will help provide patient-centered, value-based care, enabling the foundation to continue to expand its healthcare network without worrying about the security, scalability and performance issues.”

The contract was awarded to Oracle in August earlier this year and went live in October 2020. 

About ChildLife Foundation
ChildLife Foundation was formed in 2010 with a vision to alleviate healthcare issues in Pakistan and to provide every child in the nation with quality and affordable healthcare facilities. Our network of Emergency Rooms (ER) and Telemedicine Satellite Centres (TSC) is equipped with cutting edge technology and is subject to constant innovations and improvements. We are providing a full spectrum of medical care from Emergency Rooms and Primary care Clinics and Preventive Health Program.  All our initiatives are backed by our spirit of compassion and our dedication to serve an excellent level of care to our children. For more information please visit www.childlifefoundation.org.

About Oracle
The Oracle Cloud offers a complete suite of integrated applications for Sales, Service, Marketing, Human Resources, Finance, Supply Chain, and Manufacturing, plus Highly Automated and Secure Generation 2 Infrastructure featuring the Oracle Autonomous Database. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.

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SOURCE Oracle