Market Newsdesk

NEW YORK, Nov. 25, 2020 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. 

Tactile Systems Technology
(
NASDAQ: TCMD
)

Class Period: May 7, 2018 – June 8, 2020
Deadline: November 30, 2020
For more info:www.bgandg.com/tcmd
The Complaint alleges that  throughout the Class Period, Defendants made materially false and misleading statements that: (1) while Tactile publicly touted a $4 plus billion or $5 plus billion market opportunity, in truth, the total addressable market for Tactile’s medical devices was materially smaller; (2) to induce sales growth and share gains, Tactile and/or its employees were engaged in illicit and illegal sales and marketing activities in violation of applicable federal and state rules and public payer regulations; (3) the foregoing illicit and illegal sales and marketing activities increased the risk of a Medicare audit of Tactile’s claims and criminal and civil liability; (4) Tactile’s revenues were in part the product of unlawful conduct and thus unsustainable; and that as a result of the foregoing, (5) Defendants’ public statements, including its year-over-year revenue growth and the purported growth drivers, were materially false and misleading at all relevant times.

Pintec
Technology Holdings Limited
(
NASDAQ:
PT
)

Class Period: Pintec securities aquired pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s October 2018 initial public offering (“IPO” or the “Offering”)
Deadline: November 30, 2020
For more info:www.bgandg.com/pt
The Complaint alleges that the Registration Statement was false and misleading and omitted to state material facts, and specifically failed to disclose that: (1) the Company erroneously recorded revenue earned from certain technical service fee on a net basis, rather than a gross basis; (2) there were material weaknesses in Pintec’s internal control over financial reporting related to cash advances outside the normal course of business to Jimu Group, a related party, and to a non-routine loan financing transaction with a third-party entity, Plutux Labs; (3) as a result of the foregoing, the Company’s financial results for fiscal 2017 and 2018 had been misstated; and (4) consequently, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Aurora Cannabis Inc. (NYSE: ACB)
Class Period: February 13, 2020 – September 4, 2020
Deadline: December 1, 2020
For more info:www.bgandg.com/acb
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and specifically failed to disclose that:  (1) Aurora had significantly overpaid for previous acquisitions and experienced degradation in certain assets, including its production facilities and inventory; (2) the Company’s purported “business transformation plan” and cost reset failed to mitigate the foregoing issues; (3) accordingly, it was foreseeable that the Company would record significant goodwill and asset impairment charges; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

COLORADO SPRINGS, Colo., Nov. 25, 2020 (GLOBE NEWSWIRE) — Catalyst Accelerator’s (Catalyst), Cyber for Space Applications, launched eight small businesses into the reaches of the U.S. Space Force, with its sixth accelerator Demo Day on November 19, 2020. Powered by Air Force Research Laboratory, Space Vehicles Directorate and sponsored by Booz Allen Hamilton, the cohort of small businesses concluded its 12-week accelerator, gaining traction into moving technology from commercial application to the military warfighter.

Cyber applications have long been the mainstay in the Department of Defense, but with the creation of the U.S. Space Force, a rigorous hunt for disruptive cyber technology has begun. No longer is the warfighter confined to air, land, sea and cyber. Space is now a contested domain, with near-peer adversaries with comparable capabilities, unsettling operations in both the public and private sectors. U.S. data exfiltration by malicious actors is staggering. In 2019 it was estimated that 6.5 million documents per day were stolen by U.S. adversaries, according to keynote speaker Brigadier General D. Jason Cothern, Vice Commander of Space and Missile Systems Center.

The U.S. Space Force is tasked with protecting America’s interests in space, deterring aggressive acts and sustaining operations in this far-off region. With this in mind, Catalyst’s Cyber for Space Accelerator invited small businesses to apply to become a cohort company and demonstrate how their technology might “secure the next generation of space operations and increase resiliency.” “We had a team of 19 people that helped us choose the best companies for this cohort and judging from the response of subject matter experts from Industry and the Department of Defense over the course of the Accelerator, our selection was excellent. I look forward to these companies gaining the traction they need to get their technologies into the hands of the United States warfighters, making the cyber-physical systems they rely on more relevant and secure in the 21st Century fighting domain!” says KiMar Gartman, Program Director of Catalyst Accelerator.

With the support of LinQuest, the platform sponsor, the twelve-week all-virtual accelerator helped cohort companies mature their messaging, understand the government space and pivot their technology to meet the needs of the warfighter. The cohort received guidance from industry and government Sherpas and subject matter experts like Pikes Peak Small Business Development Center; spoke to operational warfighters to determine their needs; were instructed on the acquisition process; and began building relationships with key personnel interested in their technology.  Gentry Lane, CEO and Founder of ANOVA Intelligence explained her experience with Catalyst’s accelerator, “I’ve been through other accelerators but Catalyst was different. They absolutely delivered on their promise to connect us [cohort companies] with people in the U.S. Space Force that make decisions about purchasing and using our technology.”

Demo Day, sponsored by Lockheed Martin, was the Accelerator’s culminating event in which government and industry scouts learned about the cohort’s dual-use technologies that will disrupt space cyber and place the U.S. in an even better position to dominate space. Cohort companies rose to the challenge and presented technologies that will improve warfighter capability today and well into the future. The cohort company pitches can be viewed at http://catalystaccelerator.space/cacsa/

About Catalyst Space Accelerator

The Air Force Research Laboratory Space Vehicles Directorate’s Catalyst Accelerator is a NewSpace-focused defense and national security industry accelerator, headquartered on the Catalyst Campus for Technology and Innovation (CCTI) in Colorado Springs, Colorado. CCTI is a collaborative ecosystem where industry, small business, entrepreneurs, startups, government, academia, and investors intersect with Colorado’s aerospace and defense industry to create community, spark innovation and stimulate business growth. The Catalyst Accelerator is a collaborative program hosted by Catalyst Campus for Technology and Innovation, Inc. (CCTI, a Colorado 501(c)3) in partnership with the Air Force Research Laboratory to provide a robust, mentor-driven curriculum for accelerator teams. 

MONTREAL, Nov. 25, 2020 (GLOBE NEWSWIRE) — (EQ Care): EQ Care has announced the next stage of its Disability Management Support Services to assist disability case managers in ensuring employees on disability return to functionality and contribute fully to the success of the organization.

To support this new initiative, EQ Care is pleased to announce that Rosalie Croteau has been appointed Director, Disability Management Support Services. Rosalie has an extensive background in absence and disability management services with over a decade’s worth of work with numerous Canadian leaders in the disability management space. Her knowledge, academic background and diverse experience will enhance EQ Care’s Disability Management Support Service offerings in assisting populations absent for medically disabling causes.

EQ Care has been a pioneer in answering the needs for virtual access to mental health resources and care by assisting several major Canadian disability management institutions with its Virtual Cognitive Behavioral Therapy (vCBT) and Virtual Independent Medical (vIME) products and service. Now, with the inclusion of its new digital Cognitive Behavioural Therapy program(dCBT) and health and well-being platform LifeJourney™, EQ Care is taking telemedicine to a new level of expertise.

Mental health issues have been a focal point for many business organizations over the years, and even more so now with the Covid-19 pandemic. Mental illness is one of the leading causes of absences and disability. It is now well acknowledged that 1 in 5 Canadians experiences a mental illness or addiction problem and only half of Canadians experiencing a major depressive episode receive potentially adequate care.

“The message is clear: mental health issues touch all of us directly or indirectly.” said Daniel Martz, CEO, EQ Care. “Access to appropriate care at the right time can make a significant difference in recovery and getting back to a capable and healthy life while helping organizations maintain a healthy and effective workforce.”

For further information and interview opportunities:
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/849a25c3-a6dc-4091-8906-461ad61fb6be

LAFOX, Ill., Nov. 25, 2020 (GLOBE NEWSWIRE) — Richardson Electronics, Ltd. (NASDAQ: RELL) announces the availability of Tamura Corporation’s Current Sensors & Gate Drivers.

A leading provider in magnetic components, Tamura’s Current Sensors are highly reliable with a fast response time and excellent immunity to dv/dt noise. They also use the Hall-Effect system, making them ideal for measuring AC/DC currents. Applications that benefit the most from these sensors include but are not limited to uninterruptible power supplies (UPS), solar power generation, power conversion, and wind power systems.

As a dedicated module for SiC MOSFETs / IGBT gate drives, Tamura’s Gate Drivers are an integrated module with a built-in DC-DC converter and a dedicated drive circuit and are suitable for power conditioners, inverters, and gate drives for the IGBT of motor drives and the SiC MOSFETs of next generation. As an all-in-one device, these gate drivers feature wide input voltage, low stray capacity, and high-speed response and accuracy. Officially endorsed by Fuji Electric, Tamura’s Gate Drivers are an ideal solution for the GEN 7 X-Series IGBT modules. Fuji has tested and recommended a driver for all products available with the GEN 7 Series.

“We take pride in being able to assist our customers to the fullest in their design-in work,” said Greg Peloquin, Executive Vice President of Richardson Electronics’ Power & Microwave Technologies group “It’s exciting that we can provide complete solutions with both Tamura’s Gate Drivers and Fuji Electric’s IGBTs.”

About Richardson Electronics, Ltd.

Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables; power conversion and RF and microwave components; flat panel detector solutions and replacement parts for diagnostic imaging equipment; and customized display solutions. We serve customers in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The Company’s strategy is to provide specialized technical expertise and “engineered solutions” based on our core engineering and manufacturing capabilities. The Company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair through its global infrastructure. More information is available at www.rell.com.

Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.

About Richardson Electronics – Power & Microwave Technologies

For 70 years, Richardson Electronics has been your industry-leading global provider of engineered solutions, RF & microwave, and power products. With the launch of the Power & Microwave Technologies group, we continue this legacy and complement it with new products from the world’s most innovative technology partners. Richardson Electronics’ Power & Microwave Technologies group focuses on what we do best: identify and design disruptive technologies, introduce new products on a global basis, develop solutions for our customers, and provide exceptional worldwide support. As a global company, we provide solutions and add value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair—all through our existing global infrastructure. More information is available at www.rellpower.com.

For Details Contact:

Chris Marshall
CTO/VP of Marketing
Phone: (630) 208-2222
[email protected]

FAIRFAX, Va., Nov. 25, 2020 (GLOBE NEWSWIRE) — WidePoint Corporation (NYSE American: WYY), the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management and Digital Billing & Analytics solutions, announced today that the U.S. Department of Homeland Security (DHS) has awarded the Cellular Wireless Managed Services (CWMS) 2.0 Contract to WidePoint. Valued at up to $500 million, this new Indefinite Delivery, Indefinite Quantity (IDIQ) contract, which was executed on November 25, 2020, has a one-year base period with four 12-month option periods extending through November 24, 2025.

“WidePoint is honored to win the new DHS CWMS 2.0 contract and looks forward to continuing to deliver our comprehensive, commercial CWMS solution to DHS and its Components,” said Jin Kang, WidePoint’s chief executive officer. He continued, “The mobile landscape has evolved significantly since the first CWMS contract was awarded to WidePoint in 2013. The new DHS CWMS 2.0 contract continues DHS’s visionary leadership for maximizing mobile equipment and services and understanding the scope of services that will be required by DHS and its Components in the coming years.”

Todd Dzyak, president of WidePoint Integrated Solutions Corp., and the executive leading the DHS CWMS program, stated, “WidePoint is excited to team with the wireless carriers and our other innovative strategic partners to ensure that the vital missions of DHS and its Components are supported. WidePoint looks forward to building on the foundation of our success to ensure that DHS is always able to access the best services for reducing costs, achieving operational efficiencies and enhancing security.”

Kang added, “WidePoint thanks our team for their dedication and expertise. We also thank the DHS team members across all of the Components for their collaborative efforts and commitment to excellence. This program is a backbone of the mobile infrastructure essential for protecting our nation.”

About WidePoint

WidePoint Corporation (NYSE American: WYY) is a leading provider of trusted mobility management (TM2) solutions, including telecom management, mobile management, identity management, and digital billing and analytics. For more information, visit widepoint.com.

Investor Relations:

Gateway Investor Relations, Matt Glover or Charlie Schumacher
949-574-3860, [email protected]

NEW YORK, Nov. 25, 2020 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. 

Precigen
, Inc. f/k/a
Intrexon
Corporation
(NASDAQ: PGEN, XON)

Class Period: May 10, 2017 – September 25, 2020
Deadline: December 4, 2020
For more info:www.bgandg.com/pgen
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and specifically failed to disclose that:  (1) the Company was using pure methane as feedstock for its announced yields for its methanotroph bioconversion platform instead of natural gas; (2) yields from natural gas as a feedstock were substantially lower than the aforementioned pure methane yields; (3) due to the substantial price difference between pure methane and natural gas, pure methane was not a commercially viable feedstock; (4) the Company’s financial statements for the quarter ended March 31, 2018 were false and could not be relied upon; (5) the Company had material weaknesses in its internal controls over financial reporting; (6) the Company was under investigation by the SEC since October 2018; and (7) as a result of the foregoing, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Mesoblast Limited
(
NASDAQ: MESO)

Class Period: April 16, 2019 – October 1, 2020
Deadline: December 7, 2020
For more info:www.bgandg.com/meso
The Complaint alleges that  throughout the Class Period, Defendants made materially false and misleading statements that: (1) comparative analyses between Mesoblast’s Phase 3 trial and three historical studies did not support the effectiveness of remestemcel-L for steroid refractory acute graft versus host disease (“aGVHD”) due to design differences between the four studies; (2) as a result, the United States Food and Drug Administration was reasonably likely to require further clinical studies; (3) as a result, the commercialization of remestemcel-L in the U.S. was likely to be delayed; and (4) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. 

Loop Industries, Inc.
(NASDAQ:
LOOP
)

Class Period: September 24, 2018 – October 12, 2020
Deadline: December 15, 2020
For more info:www.bgandg.com/loop
The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that: (1) Loop scientists were encouraged to misrepresent the results of Loop’s purportedly proprietary process; (2) Loop did not have the technology to break PET down to its base chemicals at a recovery rate of 100%; (3) as a result, the Company was unlikely to realize the purported benefits of Loop’s announced partnerships with Indorama and Thyssenkrupp; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

MINNETONKA, Minn., Nov. 25, 2020 (GLOBE NEWSWIRE) — Vital, a Canon Group company, alongside Canon Medical, will exhibit a virtual gallery experience at this year’s Radiological Society of North America (RSNA) annual meeting November 29 through December 5. Within the online experience, Vital will host discussions around enterprise imaging, VNAi, and the latest in Vitrea^® Advanced Visualization. Learn more: vitalimages.com/RSNA2020.

End-to-End Enterprise Imaging Product RSNA Featured Demonstration                    
Friday, December 4, 3:30-4:00pm CST
This on-demand product demonstration and Q&A session led by a team of Vital experts will provide a complete view of Vitrea Enterprise Imaging. Register via the RSNA official conference to learn about the solution and how the efficient, perceptive and interoperable EI solution can help organizations reduce operational costs and risk, increase efficiency, identify revenue generation and deliver exceptional care.

On-Demand Live Chats
, Webinars
and Demos

Within the virtual gallery experience, attendees gain access to content from industry experts, on-demand video, and demonstration library, which includes the Automation Platform. The Automation Platform is an AI based zero-click solution that uses deep learning to streamline your workflow for fast actionable results every time. Vital’s product experts will be available during RSNA sponsored hours to chat with those who have questions. Representatives will be standing by to share product demonstrations, answer product questions, and assist with scheduling meetings.

Other featured topics include enterprise imaging, VNAi, PACS replacement, AI, remote reading, EBIW, and Vitrea Advanced Visualization Version 7.

Featured Speaker

Hear from Gartner VP analyst, Barry Runyon, on the Real-Time Health System vision, his key insights and how healthcare delivery organizations can apply it.

“Vital’s commitment to giving healthcare providers solutions that fit their needs to make efficient and timely decisions hasn’t changed, even during the pandemic with many providers reading remotely,” says Jim Litterer, President and CEO of Vital. “We have continued to focus on enabling data-driven decisions, streamlined vendor agnostic workflows, and supporting collaborative imaging which is what our customers expect us to deliver.”

Learn more and schedule a meeting at vitalimages.com/RSNA2020.

About Vital^® 
Vital, a Canon Group company, has a legacy of leadership in healthcare imaging using smart algorithms and techniques of innovation spanning over 30 years. As a premier provider of an Enterprise Imaging (EI) solution focused on interoperability, Vital transforms and seamlessly connects disparate PACS and other data into an efficient, perceptive and interoperable EI solution. Through modular and scalable enterprise message orchestration, enterprise visualization and enterprise analytics solutions, Vital’s Vitrea^® Enterprise Imaging solution makes data accessible across the entire enterprise when and where providers need it. Today, Vital is selectively embedding intelligence and leveraging decades of smart algorithms in advanced visualization to give clinicians the ability to make real-time decisions for today’s empowered healthcare consumer and helping to enhance the patient care experience. For more information on how Vital is shaping the future of healthcare technology, visit www.vitalimages.com, or join the conversation on LinkedIn, Twitter or Facebook. 

For more information contact:

Zach Stenger
+1952-487-9534 
[email protected]
www.vitalimages.com