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Santhera Completes Capital Increase for Financing Arrangements


Pratteln, Switzerland, November 25, 2020 – Santhera Pharmaceuticals (SIX: SANN) announces that it has issued 937,928 treasury shares. The number of shares recorded in the commercial register has been increased to 18,983,321 shares.

On November 24, 2020, 937,928 shares were issued out of the existing authorized capital as treasury shares. Santhera expects to use these shares for purposes of its financing arrangements. The new shares will be listed as per November 25, 2020.

About Santhera

Santhera Pharmaceuticals (SIX: SANN) is a Swiss specialty pharmaceutical company focused on the development and commercialization of innovative medicines for rare neuromuscular and pulmonary diseases with high unmet medical need. Santhera has an exclusive license for all indications worldwide to vamorolone, a first-in-class dissociative steroid with novel mode of action, currently investigated in a pivotal study in patients with DMD as an alternative to standard corticosteroids. The clinical stage pipeline also includes lonodelestat (POL6014) to treat cystic fibrosis (CF) and other neutrophilic pulmonary diseases, as well as an exploratory gene therapy approach targeting congenital muscular dystrophies. Santhera out-licensed ex-North American rights to its first approved product, Raxone® (idebenone), for the treatment of Leber’s hereditary optic neuropathy (LHON) to Chiesi Group. For further information, please visit www.santhera.com. 

Raxone® is a trademark of Santhera Pharmaceuticals.

For further information please contact:


[email protected]
 or
Eva Kalias, Head External Communications
Phone: +41 79 875 27 80
[email protected]

Disclaimer / Forward-looking statements

This communication does not constitute an offer or invitation to subscribe for or purchase any securities of Santhera Pharmaceuticals Holding AG. This publication may contain certain forward-looking statements concerning the Company and its business. Such statements involve certain risks, uncertainties and other factors which could cause the actual results, financial condition, performance or achievements of the Company to be materially different from those expressed or implied by such statements. Readers should therefore not place undue reliance on these statements, particularly not in connection with any contract or investment decision. The Company disclaims any obligation to update these forward-looking statements.

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Dassault Systèmes Announces the Acquisition of NuoDB, a Cloud-Native Distributed SQL Database Leader

Dassault Systèmes Announces the Acquisition of NuoDB, a Cloud-Native Distributed SQL Database Leader

  • Advances Dassault Systèmes’ 3DEXPERIENCE platform cloud and data science strategy
  • NuoDB develops the most advanced distributed elastic database for Cloud environments
  • Strengthens NuoDB’s ability to serve large SaaS deployments in a rapidly developing distributed SQL market

VELIZY-VILLACOUBLAY, France–(BUSINESS WIRE)–Dassault Systèmes (Euronext Paris: #13065, DSY.PA) today announced jointly with NuoDB, that Dassault Systèmes, which already had a 16% ownership interest, is acquiring the remainder of NuoDB equity.

Founded in 2010 and headquartered in Cambridge, Massachusetts, NuoDB provides a cloud-native distributed SQL database that capitalizes on the competitive advantages of the cloud, with on demand scalability, continuous availability and transactional consistency, and is built for mission critical applications.

“We have enjoyed our long-standing strategic relationship with Dassault Systèmes and are proud to serve their growing Cloud customers installed base. This announcement marks an exciting new phase in our partnership and creates significant opportunities for NuoDB,” said Bob Walmsley, CEO, NuoDB. “With our combined, expanded resources, we can accelerate our product development to realize the unique contribution of multi-cloud, distributed SQL database as a service that will power strategic customers.”

“One of the objectives with the 3DEXPERIENCE platform on the cloud is to deliver the most scalable and resilient infrastructure for the industries and clients we serve worldwide,” said Florence Hu-Aubigny, Executive Vice President, Research & Development, Dassault Systèmes. “We began our partnership with NuoDB in 2013 and are extending it today, further underscoring NuoDB’s unique distributed SQL capabilities, well adapted for native cloud environments.”

“Temenos and NuoDB have worked together extremely closely since becoming strategic technology partners in 2018. We will continue working together to provide our clients with NuoDB’s market-leading distributed SQL database which we use as part of our cloud and SaaS offering,” said Colin Jarrett, Chief Cloud and Delivery Officer, Temenos. “With NuoDB, our cloud clients are able to benefit from an elastic, continuously available database across multiple cloud providers with near zero downtime failover. Recent benchmarks have shown that banks running Temenos software using NuoDB database technology benefit from industry leading unlimited processing capacity and significant lower total cost of ownership. We look forward to continuing our partnership with NuoDB going forward.”

Dassault Systèmes and NuoDB are planning to close the transaction in December. NuoDB had revenues of about $6 million in 2019.

Social media:

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Connect with Dassault Systèmes on TwitterFacebookLinkedInYouTube

For more information:

Dassault Systèmes’ 3DEXPERIENCE platform, 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions: http://www.3ds.com

About Dassault Systèmes

Dassault Systèmes, the 3DEXPERIENCE Company, is a catalyst for human progress. We provide business and people with collaborative 3D virtual environments to imagine sustainable innovations. By creating virtual experience twins of the real world with our 3DEXPERIENCE platform and applications, our customers push the boundaries of innovation, learning and production. Dassault Systèmes brings value to more than 270,000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit www.3ds.com

3DEXPERIENCE, the Compass icon, the 3DS logo, CATIA, BIOVIA, GEOVIA, SOLIDWORKS, 3DVIA, ENOVIA, EXALEAD, NETVIBES, MEDIDATA, CENTRIC PLM, 3DEXCITE, SIMULIA, DELMIA, and IFWE are commercial trademarks or registered trademarks of Dassault Systèmes, a French “société européenne” (Versailles Commercial Register # B 322 306 440), or its subsidiaries in the United States and/or other countries.

Dassault Systèmes Press

Corporate / France

Arnaud MALHERBE

[email protected]

+33 (0)1 61 62 87 73

North America

Suzanne MORAN

[email protected]

+1 (781) 810 3774

EMEAR

Virginie BLINDENBERG

[email protected]

+33 (0) 1 61 62 84 21

China

Grace MU

[email protected]

+86 10 6536 2288

India

Santanu BHATTACHARYA

[email protected]

+91 124 457 7111

Japan

Yukiko SATO

[email protected]

+81 3 4321 3841

Korea

Jeemin JEONG

[email protected]

+82 2 3271 6653

AP South

Pallavi MISRA

[email protected]

+65 90221874

NuoDB Press

Corporate

Josh Verrill

[email protected]

+1 (617) 447 4025

KEYWORDS: France Europe

INDUSTRY KEYWORDS: Electronic Design Automation Data Management Technology Other Technology Software Networks

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Bill.com Announces Pricing of Upsized Offering of $1.0 Billion of 0% Convertible Senior Notes due 2025

Bill.com Announces Pricing of Upsized Offering of $1.0 Billion of 0% Convertible Senior Notes due 2025

PALO ALTO, Calif.–(BUSINESS WIRE)–
Bill.com Holdings, Inc. (NYSE: BILL) (“Bill.com”) today announced that it has priced $1.0 billion aggregate principal amount of 0% convertible senior notes due 2025 (the “notes”). The size of the offering was increased from the previously announced $750.0 million in aggregate principal amount. The notes are to be offered and sold in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”). Bill.com also granted the initial purchasers of the notes an option to purchase, within a 13-day period from, and including the date on which the notes are first issued, up to an additional $150.0 million aggregate principal amount of notes. The sale is expected to close on November 30, 2020, subject to customary closing conditions.

The notes will be senior, unsecured obligations of Bill.com, will not bear regular interest, and the principal amount of the notes will not accrete. The notes will mature on December 1, 2025, unless earlier converted, redeemed or repurchased in accordance with the terms of the notes. Prior to 5:00 p.m., New York City time, on the business day immediately preceding September 1, 2025, the notes will be convertible at the option of holders only upon satisfaction of certain conditions and during certain periods, and thereafter, at any time until 5:00 p.m., New York City time, on the second scheduled trading day immediately preceding the maturity date. Upon conversion, the notes may be settled in shares of Bill.com’s common stock (the “common stock”), cash or a combination of cash and shares of common stock, at the election of Bill.com.

The notes will have an initial conversion rate of 6.2159 shares of common stock per $1,000 principal amount of notes (which is subject to adjustment in certain circumstances). This is equivalent to an initial conversion price of approximately $160.88 per share. The initial conversion price represents a premium of approximately 47.5% to the $109.07 per share closing price of the common stock on the New York Stock Exchange on November 24, 2020.

Holders of the notes will have the right to require Bill.com to repurchase for cash all or a portion of their notes at 100% of their principal amount, plus any accrued and unpaid special interest, upon the occurrence of a fundamental change (as defined in the indenture relating to the notes). Bill.com will also be required to increase the conversion rate for holders who convert their notes in connection with certain fundamental changes or a redemption notice, as the case may be, prior to the maturity date. The notes will be redeemable, in whole or in part, for cash at Bill.com’s option at any time, and from time to time, on or after December 5, 2023, but only if the last reported sale price per share of the common stock has been at least 130% of the conversion price then in effect for a specified period of time.

Bill.com estimates that the net proceeds from the offering will be approximately $981.8 million (or approximately $1.1 billion if the initial purchasers exercise their option to purchase additional notes in full), after deducting the initial purchasers’ discount and estimated offering expenses payable by Bill.com. Bill.com intends to use approximately $76.4 million of the net proceeds to pay the cost of the capped call transactions described below.

Bill.com intends to use the remaining net proceeds for general corporate purposes, which may include working capital, capital expenditures and potential acquisitions and strategic transactions. From time to time, Bill.com evaluates potential acquisitions and strategic transactions involving businesses, technologies or products. However, Bill.com has not designated any specific uses and has no current agreements with respect to any acquisitions or strategic transactions.

In connection with the pricing of the notes, Bill.com entered into capped call transactions with one or more financial institutions (the “option counterparties”). The capped call transactions are expected generally to reduce the potential dilution to the common stock upon any conversion of the notes and/or offset any cash payments Bill.com is required to make in excess of the principal amount of converted notes, as the case may be, with such reduction and/or offset subject to a cap. If the initial purchasers exercise their option to purchase additional notes, Bill.com expects to enter into additional capped call transactions with the option counterparties.

In connection with establishing their initial hedges of the capped call transactions, the option counterparties and/or their respective affiliates expect to purchase shares of the common stock and/or enter into various derivative transactions with respect to the common stock concurrently with or shortly after the pricing of the notes. This activity could increase (or reduce the size of any decrease in) the market price of the common stock or the notes at that time.

In addition, the option counterparties and/or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to the common stock and/or purchasing or selling the common stock in secondary market transactions following the pricing of the notes and prior to the maturity of the notes (and are likely to do so during any observation period related to a conversion of notes/may do so following any repurchase of notes by Bill.com on any fundamental change repurchase date or otherwise). This activity could also cause or avoid an increase or a decrease in the market price of the common stock or the notes, which could affect the holder’s ability to convert the notes and, to the extent the activity occurs during any observation period related to a conversion of the notes, it could affect the number of shares and the value of the consideration that the holder would receive upon conversion of the notes.

If the initial purchasers exercise their option to purchase additional notes, Bill.com may use the resulting additional proceeds of the sale of the additional notes to pay the cost of entering into the additional capped call transactions and for general corporate purposes, which may include working capital, capital expenditures and potential acquisitions and strategic transactions. From time to time, Bill.com evaluates potential acquisitions and strategic transactions involving businesses, technologies or products. However, Bill.com has not designated any specific uses and has no current agreements with respect to any acquisitions or strategic transactions.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities (including the shares of the common stock, if any, into which the notes are convertible) and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. Any offers of the notes will be made only by means of a private offering memorandum.

The notes and any shares of the common stock issuable upon conversion of the notes have not been registered under the Act, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.

Cautionary Statement Regarding Forward-Looking Statements

This press release may include forward-looking statements within the meaning Section 27A of the Private Securities Litigation Reform Act. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “should,” “will” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements in this press release may include but are not limited to statements regarding the timing and closing of Bill.com’s offering of the notes and expected use of net proceeds of the offering. Factors that may contribute to such differences include, but are not limited to, risks related to whether Bill.com will consummate the offering of the notes on the expected terms, or at all, whether the capped call transactions will become effective, prevailing market and other general economic, industry or political conditions in the United States or internationally, the impact of COVID-19, whether Bill.com will be able to satisfy the conditions required to close any sale of the notes and the expected use of the net proceeds from the offering, which could change as a result of market conditions. The foregoing list of risks and uncertainties is illustrative, but is not exhaustive. For information about other potential factors that could affect Bill.com’s business and financial results, please review the “Risk Factors” described in Bill.com’s Annual Report on Form 10-K for the fiscal year ended June 30, 2020 and Bill.com’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020 filed with the Securities and Exchange Commission (the “SEC”), and in Bill.com’s other filings with the SEC. These forward-looking statements speak only as of the date hereof or as of the date otherwise stated herein. Bill.com disclaims any obligation to update these forward-looking statements.

IR Contact:

Karen Sansot

[email protected]

Press Contact:

Oriana Branon

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Professional Services Data Management Technology Software Finance Networks Internet

MEDIA:

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Kingdee Cloud Global User Conference Recap

PR Newswire

SHENZHEN, China, Nov. 25, 2020 /PRNewswire/ — On November 6th, Kingdee Cloud Global User Conference 2020 with the theme of “Empower Your Digital Capability” was officially held in Sanya. Shen Danyang, Vice Governor of the People’s Government of Hainan Province, Long Yongtu, Chief Negotiator of China’s Association to the WTO Negotiation, Song Zhiping, President of China Association for Public Companies, Chen Chunhua, Dean of BiMBA Business School of National School of Development of Peking University, Robert Xu, Founder of Kingdee Group, Zhao Yanxi, Senior Vice President of Kingdee China Group, Ding Liguo, Chairman of Delong Group and Xintiangang Steel Group, Jia Shaoqian, President of Hisense Group, Tao Jingwen, Director and CIO of Huawei and other political and business leaders delivered a speech at the conference. Kingdee International Software Group Company Limited (“Kingdee” or the “Group”; stock code: 00268.HK) launched Kingdee Cloud Cosmic 3.0 and jointly launched EBC Market Guide 2020 with Gartner to help enterprises empower digital capability. This conference was sponsored by Huawei Technologies Co., Ltd., Amazon Web Services, Guangzhou Docuvix Information Technology Co., Ltd., Beijing Tianwei Integrity Electron Business Service Co., Ltd., Guangzhou Shizhen Information Technology Co., Ltd., Chongqing Pinzheng Food Co., Ltd., Shenzhen Fadada Network Technology Co., Ltd., Shenzhen Cloud-Hub Network Co., Ltd., Kingdee Medical Software Technology Co., Ltd., Shenzhen Kingdee Millsun Internet Co., Ltd., Xinjiang Western Animal Husbandry Co., Ltd., Hua Shan Lun Jian Brand Management Co., Ltd., Hainan Ye Hui Guang Yu Fishery Co., Ltd. and Alpenwater Co., Ltd., etc.

“This is an era of EBC. In such an era, there is no transcendence without crisis. Let us replace ERP and introduce EBC, embrace the belief of winning and empower the digital capability,”Robert Xu, Chairman and CEO of Kingdee International Software Group Limited said. EBC, a new digital ecosystem that enterprises adapt to the development of the digital era, is composed of five platforms showing different unique capabilities to help enterprises empower the digital capability, namely customer-oriented experience platform, employee-oriented information system platform, everything-oriented internet of things platform, partner-oriented ecological platform and data and intelligent analysis platform.”

Kingdee and Gartner jointly launched the EBC Market Guide (2020), aiming at the digital transformation and empowerment of digital capability for Chinese enterprises. It provides guidance for new ideas, methods, platforms and benchmarks from concept guidance, top-level design to implementation. Market Guide points out that the construction and transformation of digital platform is not just about IT consulting and construction, but integrating business and technology based on customer business development. It spreads the boundary of the enterprise from the inside to the outside, and turns the data assets into the productive forces and production factors that drive the innovation of the enterprises.

At the conference, Kingdee Cloud Cosmic 3.0 was officially released. Kingdee Cloud Cosmic is a new generation of digital symbiosis platform for large enterprises. Kingdee Cloud Cosmic 3.0 enables enterprises to empower their digital capabilities and transform from ERP to EBC with more stable, faster, and better PaaS platform, as well as comprehensive, completed, and rich SaaS applications. According to Zhao Yanxi, at the PaaS level, Kingdee Cloud Cosmic 3.0 will provide more reliable enterprise-level cloud native PaaS, integrated low code family, enterprise-level data service platform and supply chain data platform. The enterprise data service platform includes data lake, data platform and data application, in order to build data-driven capability engine and provide data-driven capability for enterprises. At the SaaS level, Kingdee Cloud Cosmic 3.0 provides more comprehensive SaaS applications, including Finance Cloud, Human Resources Cloud, Procurement Cloud, Omni-Channel Marketing Cloud, Supply Chain Cloud and Manufacturing Cloud. In the meanwhile, Kingdee Cloud Cosmic 3.0 accelerated the development of applications in the industry, including Real Estate Cloud, Construction Cloud, etc.

Kingdee Cloud Cosmic has been applied and practiced in many enterprises, helping enterprises to accelerate the evolution of digital platforms to EBC. Hesteel Group, through the establishment of three layer platform system with public, business and data, achieved with more than 120,000 service employees, 45.71 million tons of annual steel output and 2102 linked suppliers. At the main forum in the same time, Kingdee Cloud signed contracts with 18 enterprises such as Tsingshan Holdings Group, Hesteel Group, Jointown Pharmaceutical Group, Tianjin Xintiangang Steel Group, Baheal Pharmaceutical Group, Dongguan Gree Electric and Shum Yip Group with a total amount of RMB106.6 million.

The theme of this conference is “Empower Your Digital Capability”. According to Robert Xu, enterprise digital capability is the ability to collect, store, process, analyze and transform data in every value chain and scenario, bringing additional power and competitive advantages. During this conference, De’Longhi, Huawei and Hisense also shared their ways and achievements of empowering digital capabilities.

In addition to this forum, Kingdee Global User Conference 2020 contains 10 parallel forums, namely Kingdee Cloud Cosmic Technology and Ecology Parallel Forum, Small and Micro Enterprise Digital Transformation Parallel Forum, Kingdee Cloud New Retail Parallel Forum, Intelligent Finance and Taxation Parallel Forum, etc. Kingdee will also conduct follow-up reports later on.


About Kingdee

Kingdee International Software Group Company Limited (“Kingdee International” or “Kingdee”) was established in 1993. It is listed on the Main Board of the Hong Kong Stock Exchange (stock code: 0268.HK) and headquartered in Shenzhen, the PRC. Adhering to the core values of “Acting in all Conscience, with Integrity and Righteousness”, the Company is committed to helping businesses achieve their growth targets and let the sun shine on every company through dedicated services. It strives to provide them with the most trusted enterprise service platform.

Through persistent efforts to explore China’s Cloud enterprise service market, Kingdee has retained the largest share in the enterprise application software sector for fast-growing enterprises for 16 consecutive years according to IDC, and has grasped the biggest share in the enterprise-grade SaaS Cloud services industry in China for the second years, held the largest market share in SaaS ERM (Cloud ERP) and Financial Cloud for four consecutive years. Kingdee is currently the only SaaS cloud service provider of Chinese enterprises selected into Gartner’s market guide.


Investor and Media Enquiries:

 



Kingdee International Software Group

 

Rex Wu

Tel: 852-2155 3721

Email: [email protected]



PRChina Limited

 

Alice Yip

Tel: 852-25221838

Email: [email protected]

 

Summer Gan

Tel: 86-21-61625518

Email:  [email protected]

 

Jack Liu

Tel: 852-25221838

Email: [email protected]

 

Yoriko Huang

Tel: 86-755-86072591

Email: [email protected]

 

Liting Chen

Tel: 852-25221838

Email: [email protected]  

 

Cision View original content:http://www.prnewswire.com/news-releases/kingdee-cloud-global-user-conference-recap-301180338.html

SOURCE Kingdee International Software Group Co., Ltd.

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The MILLA Group Selects the Leddar Pixell From LeddarTech for the MILLA POD Autonomous Shuttle

QUEBEC CITY, Nov. 25, 2020 (GLOBE NEWSWIRE) — LeddarTech®, a global leader in Level 1-5 ADAS and AD sensing technology, is proud to have been selected by the MILLA Group as the supplier for their cocoon LiDAR sensor. The MILLA Group has selected the award-winning Leddar™ Pixell as the front-end LiDAR for their MILLA POD autonomous shuttle.

The Leddar Pixell is the most robust solid-state LiDAR on the market. This sensor provides a 180-degree horizontal field of view (FoV) and can offer 360-degree coverage of a vehicle when four modules are used. The Leddar Pixell offers best-in-class shock and vibration resistance meeting ISO 16750-3 requirements and complies with the SAE J1455 standard for heavy dust intrusion, positioning the Leddar Pixell for use in the industrial vehicle markets requiring robustness and durability. Also, the Leddar Pixell is IP67 certified and provides an MTBF of more than 148,000 hours, which is equivalent to ten times that of scanning solutions. The Leddar Pixell is ideal for shuttles, robotaxis, ADVs, and other off-road vehicles used in construction, agriculture, and mining applications.

“MILLA has engaged with LeddarTech on the robust Leddar Pixell for our MILLA POD. The POD is an innovative autonomous shuttle that has been deployed throughout Europe and North America,” stated Éric Gendarme, Managing director of the MILLA Group. “The radical changes we implemented in the POD related to the design lend themselves well to the Leddar Pixell; this LiDAR enables us to have a 180-degree field of view, which increases safety and overall reliability of our autonomous shuttle.” Mr. Gendarme continued: “The MILLA POD, equipped with Leddar Pixell along with the other autonomous technology components that make up our operating systems, was submitted to the RATP Group, a State-owned public transport operator operating in 13 countries and on four continents, tasked with evaluating and qualifying autonomous public transportation vehicles. The RATP reported that the operating systems of the MILLA POD, which included the Leddar Pixell, meet the stringent qualification requirements,” Mr. Gendarme concluded.

“We are honored to be a chosen supplier to MILLA Group for our sensing technology,” stated Frantz Saintellemy, President and COO of LeddarTech. “The MILLA Group represents a forward-thinking organization that tackles autonomous shuttle technology with a new and innovative approach; we are proud that our Leddar Pixell contributed to MILLA’s technical certification with the RATP Group,” Mr. Saintellemy concluded.

About MILLA Group

MILLA Group is a leading independent French company of engineers specialized in the design, development, fabrication, and experimentation of new mobility products and services. MILLA’s new mobility concept is to provide a sustainable, modular, scalable, and adaptable transporting service accessible to everyone. Since 2019, MILLA’s shuttles are rolling daily on open roads at the speed of 30 km/h in autonomous mode, a unique service on Earth. Today MILLA is the only mobility provider proposing on-demand and multi-modal transportation solutions (people and goods) for rural and peri-urban zones. The technologies implemented by MILLA Group have significant impacts also on the automotive industry. Major world-leading companies are using MILLA’s services, such as robotization and automation of vehicles and their experimentation on open roads.

Contact Éric Gendarme at [email protected]

About LeddarTech

LeddarTech is a leader in environmental sensing platforms for autonomous vehicles and advanced driver assistance systems. Founded in 2007, LeddarTech has evolved to become a comprehensive end-to-end environmental sensing company by enabling customers to solve critical sensing and perception challenges across the entire value chain of the automotive and mobility market segments. With its LeddarVision™ sensor-fusion and perception platform and its cost-effective, scalable, and versatile LiDAR development solution for automotive-grade solid-state LiDARs based on the LeddarEngine™, LeddarTech enables Tier 1-2 automotive system integrators to develop full-stack sensing solutions for autonomy level 1 to 5. These solutions are actively deployed in autonomous shuttle, truck, bus, delivery vehicle, smart city/factory, and robotaxi applications. The company is responsible for several innovations in cutting-edge automotive and mobility remote-sensing applications, with over 95 patented technologies (granted or pending) enhancing ADAS and autonomous driving capabilities.

Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter, Facebook, and YouTube.

Contact:

Daniel Aitken, Vice-President, Global Marketing, Communications and Product Management, LeddarTech Inc.
Tel.: + 1-418-653-9000 ext. 232
[email protected]

Leddar, LeddarTech, LeddarEngine,
LeddarVision
,
LeddarSP, LeddarCore,
V
AYA
Drive
,
VayaVision
, and related logos are trademarks or registered trademarks of LeddarTech Inc.
and its subsidiaries.
All other brands, product names, and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c4ce9937-f7fa-4d83-8c7d-a7106c467340
https://www.globenewswire.com/NewsRoom/AttachmentNg/64706fa3-751d-4a2d-b9eb-336c4a7f8d6f



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Juva Life Begins Trading on Frankfurt Exchange with Ticker ‘4VV’

–Company provides summary of activities in California

VANCOUVER, British Columbia, Nov. 25, 2020 (GLOBE NEWSWIRE) — Juva Life Inc. (CSE: JUVA) (OTC: JUVAF) (FRANKFURT: 4VV) (“Juva Life,” “Juva” or the “Company”), a premier California based multi-faceted life sciences company focused on the commercialization of Cannabis products and formulations, is pleased to announce the commencement of trading on the Börse Frankfurt exchange (FRA) under the ticker symbol “4VV.” Additionally, the international registry ISIN number is CA48222R1010 and the German WKN registry number is A2QHTZ. For those new to the Juva story a summary of past and future activities is outlined below and available on the Company website at www.juvalife.com.

Juva Life California Subsidiary

Juva Life Inc. USA, a California corporation and wholly owned subsidiary of Juva Life Inc. (as of May 30, 2019) was originally incorporated in 2018 and represents the culmination of decades of concentrated effort in the cannabis sector. Juva Stockton Inc. a wholly owned subsidiary of Juva Life Inc holds a Conditional Use Permit (“CUP”) from the city of Stockton, California which, subject to certain conditions, permits the Company to cultivate, manufacture, distribute and deliver cannabis for the medical and recreational markets within the State. Juva Stockton successfully launched its delivery service from this location in October 2020. Additionally, in October 2020, after a 2.5-year process, Precision Apothecary Inc, a wholly owned subsidiary of Juva Life Inc, now holds a CUP allowing for a Microbusiness operation in the City of Hayward, California. This permit will allow Juva to cultivate, manufacture, formulate, research, distribute and operate a retail cannabis storefront and delivery business in that municipality. Concurrently, the Company’s Redwood City delivery location has been fully operational since February 2020 and has experienced double-digit growth month over month since commencement of operations.

Capital Raise

On May 31, 2020, Juva Life closed a private placement financing with cumulative gross proceeds in excess of $18,000,000. As of June 30, 2020, the Company had working capital of $8,270,000 (excluding warrant liability). Use of funds to-date includes costs for facility construction and equipment, licensing and permitting, marketing, branding, staff recruitment and implementation of sales personnel, pipeline project acquisitions and general administration.

Corporate Divisions

The Company is made up of six divisions: Cultivation, Research, Manufacturing, Distribution, Retail and Delivery. Each division services specific vertical markets within a fully integrated framework under the guiding premise of commercially engaging the many ways cannabis can fundamentally improve individual quality of life.

Strategic Plan

Juva Life’s strategic plan is to be a fully autonomous, vertically-integrated cannabis business with two primary missions: (1) to achieve the lowest cost of production by owning licenses for retail sales, manufacturing, distribution and cultivation of cannabis and to employ each license to propel our supply chain with select brick and mortar storefronts and multiple delivery businesses throughout the State of California; and (2) to develop “precision cannabis” products that deliver the right formulation to the right individual at the right time. Juva plans to develop intellectual property and secure patent protection on each of its custom medical formulations and will focus its research registries in areas of inflammation, oncology, neurology, pain management and opiate reduction.

Management & Advisors

Led by Founder & CEO Doug Chloupek, the Juva Life team brings over 20 years management experience in the cannabis sector. Their knowledge and experience provide operational oversight in navigating the regulatory framework of the California cannabis market. Additionally, the Company has attracted an advisory board of highly respected and influential doctors, clinicians, and researchers from fields of medicine that range from pain management to oncology. Find out more about our team at https://juvalife.com/about/.

Production
, Operations and Management
Facilities

Juva Life currently has five leased properties and one option to lease space in the cities of Stockton, Hayward and Redwood City, California, and is in the process of building out its facilities and obtaining the necessary State and local authorizations to undertake its current and proposed operations.

Stockton, California

San Juan and Navy Drive Facilities

Currently developing two locally permitted cannabis production facilities totaling approximately 41,448 square feet, including: (1) an approximate 30,000 square foot production facility located on San Juan Drive in Stockton, California; and (2) an approximate 11,448 square foot facility located on Navy Drive in Stockton, California. These facilities will support cultivation, manufacturing, retail sales (non-storefront delivery only) and wholesale distribution supporting direct-to-consumer delivery operations in the north San Joaquin Valley as well as operate as the Corporation’s Central Valley distribution hub.

The San Juan facility is fully licensed by the city and state for delivery services and began Non-storefront retail (delivery) in October 2020. The facility is licensed by the city for cultivation, manufacturing and distribution and subject to final state approval, is poised to immediately commence cultivation operations.

Hayward, California

Clawiter Road and Enterprise Avenue Buildings

The Hayward Facilities consist of two adjacent buildings with an existing Class 5 clean room as part of the 18,000 square foot building and 11,000 square feet of greenhouses for cultivation. The Hayward operation includes cultivation of high-quality greenhouse material for extraction, a flagship retail store, a delivery hub for the entire East San Francisco Bay area, CO2 extraction, formulation, isolation and contract product development. The Hayward campus totals approximately 35,000 square feet and is also planned to offer “white labeling” services to provide new or existing brands to introduce products to the California marketplace.

Juva Life received approval of their CUP in October 2020. Management expects construction of the R&D lab to be completed, and the lab facilities to be licensed and operational by the end of Q1 2021. Juva further expects construction on the cultivation, retail, manufacturing area and distribution facilities at the Hayward buildings to be completed, licensed and operational by the end of Q3 2021.

Redwood City, California

Convention Way Facility
,
Redwood City
Offices

Non-storefront retail (delivery) cannabis facility. This delivery operation services the Bay Area Peninsula from San Francisco to San Jose. Juva believes its dispatch service area encompasses approximately 1.67 million potential customers. Juva obtained approval of its local Redwood City Cannabis Business Permit and Conditional Use Permit in May, 2019, and the State license was issued in September 2019. The Corporation formally began delivery operations in January of 2020 and has seen double digit growth quarter on quarter. Additionally, Juva occupies approximately 2,000 square feet of office space used for executive offices in Redwood City, CA.

Mr. Doug Chloupek, CEO and Founder of Juva Life Inc. notes, “Coming on the heels of our recent launch onto the North American markets, we are delighted to announce our entry into the European marketplace via our Frankfurt market listing today. We welcome the interest and support of this highly engaged investment community and look forward to a mutually advantageous journey together. We are excited to continue building our consumer brand and in advancing a number of ambitious agendas including our proposed Life Sciences program to develop and fast track new and innovative formulations that we believe will positively impact a potential base of health and wellness afflicted individuals around the globe. To achieve these goals, we sincerely value our expanding relationship with an increasingly global investment community and look forward to working together as we build value for our shareholders by rapidly growing our exciting enterprise.”

In related news, the Company advises it has hired Media Relations Publishing for the fee of €350,000 for marketing and communications services.

As part of the Company’s disclosure obligations as a public issuer, ongoing financial and material filings can be found on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

ON BEHALF OF THE BOARD,

-Doug Chloupek-

Doug Chloupek, CEO & Founder
Juva Life Inc.
[email protected]

About
Juva Life Inc
. (CSE: JUVA) (OTC: JUVAF) (FRA: 4VV)
Juva Life is working to bring the cannabis market face to face with the sector’s next generation investment grade business model. From in-house research, cultivation, manufacturing, retail, and delivery services, Juva employs state of the art tools in discovery, development, and data science to identify new molecular profiles for major unmet medical needs. Our initial focus is on cannabis, where we are deploying our platform to target consumer and pharma applications. Find out more at: https://juvalife.com/. 

For further information, please contact:
Juva Life Investor Relations
Tel: +1 833-333-5882 (JUVA)
Email: [email protected]

Forward Looking Statement

This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the objectives and business plans of the Company; ability to realize benefits from its recent corporate appointments; ability to retain its key personnel; the intention to grow the Company’s business and operations; the competitive conditions of the industries in which the Company operates; and laws and any amendments thereto applicable to the Company.

Forward-looking information is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; and the Company’s ability to secure financing on reasonable terms.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company’s management discussion and analysis for year ended December 31, 2019 under the heading “Risks and Uncertainties”. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.

The CSE does not accept responsibility for the adequacy or accuracy of this release.



Posted on

ROSEN, A TOP RANKED LAW FIRM, Reminds Raytheon Technologies Corporation f/k/a Raytheon Company Investors of Important Deadline in Securities Class Action First Filed by the Firm; Encourages Investors with Losses in Excess of $100K to Contact the Firm – RTX, RTN

PR Newswire

NEW YORK, Nov. 24, 2020 /PRNewswire/ — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Raytheon Technologies Corporation f/k/a Raytheon Company (NYSE: RTX, RTN) between February 10, 2016 and October 27, 2020, inclusive (the “Class Period”), of the important December 29, 2020 lead plaintiff deadline in the securities class action commenced by the firm. The lawsuit seeks to recover damages for Raytheon investors under the federal securities laws.

To join the Raytheon class action, go to http://www.rosenlegal.com/cases-register-1975.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Raytheon had inadequate disclosure controls and procedures and internal control over financial reporting; (2) Raytheon had faulty financial accounting; (3) as a result, Raytheon misreported its costs regarding Raytheon’s Missiles & Defense business since 2009; (4) as a result of the foregoing, Raytheon was at risk of increased scrutiny from the government; (5) as a result of the foregoing, Raytheon would face a criminal investigation by the U.S. Department of Justice (“DOJ”); and (6) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 29, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1975.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected].

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY  10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

Cision View original content:http://www.prnewswire.com/news-releases/rosen-a-top-ranked-law-firm-reminds-raytheon-technologies-corporation-fka-raytheon-company-investors-of-important-deadline-in-securities-class-action-first-filed-by-the-firm-encourages-investors-with-losses-in-excess-of-100k-301180237.html

SOURCE Rosen Law Firm, P.A.

Posted on

ZTE and GSMA Intelligence Release White Paper on Green 5G – 5G Energy Efficiencies, Green is the New Black

PR Newswire

SHENZHEN, China, Nov. 24, 2020 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, has released a white paper on its 5G Summit & User Congress on Green 5G, “5G Energy Efficiencies, Green is the New Black”, authored by GSMA Intelligence, a leader in global telecoms, media and technology (TMT) research and part of the broader GSMA.

The white paper analyzes the background and principles of building and improving energy efficiency of communications networks in the 5G era from aspects of cost reduction, network performance optimization, energy security, and contribution to global carbon emission reduction. It also summarizes the feasibility of energy saving and consumption reduction through innovation from aspects of radio access network and wider network planning.

According to the white paper, to fundamentally reduce the energy consumption of radio access base stations, each part of the 5G network must be treated individually. Effective tools include applying more efficient battery solutions, lowering energy consumption of equipment, implementing more intelligent AI-driven sleep states, and more targeted network deployment planning. These measures can achieve end-to-end energy saving and consumption reduction of radio access base stations, and build a green communication network for the benefit of people.

To help the fight on global climate change goals and reduce mobile network operational costs, energy saving has become a major priority and mission of the telecommunications industry. While mobile networks bring near ubiquitous access, convenience and entertainment to the public, as more people use their smartphones for video and other bandwidth hungry services over LTE and 5G, power and energy consumption will rise in the absence of interventions. Wireless access network consumes the largest proportion of energy among the mobile network, and it is regarded as the main factor of energy consumption. As per the white paper data traffic is expected to grow three folds on a per user basis between now and 2025. The deployment and expansion of LTE and 5G networks will inevitably bring greater pressure to network energy consumption.

“Energy is a very large portion of the cost base for the operators, ranging from 20% to 40% of Opex across the industry,” said Tim Hatt, Head of Research at GSMA Intelligence. “Things are moving quickly with energy efficient network technologies and a rebalancing of fuel sources towards renewables as more telcos set ambitious glidepaths towards carbon neutral and, eventually, net zero emissions. Energy and climate efforts are now very much front and centre objectives as part of doing business and not mere CSR.” 

In recent years, ZTE has submitted over 500 green 5G innovation patent applications. By means of the high-performance chipsets developed by ZTE, leading structural design and intelligent network operation tools, ZTE has been continuously lowering the power consumption of wireless base station equipment.

Based on energy saving functions and AI-based traffic load prediction, ZTE’s 4G and 5G network energy saving solution, PowerPilot, is the industry’s first to introduce AI-powered service-awareness energy saving. By identifying service types and their energy efficiency differences, PowerPilot can evaluate service requirements in real time and support the service with networks of higher energy efficiency to maximize energy efficiency in the entire network.

According to typical network configuration calculations, the energy saved by the PowerPilot solution is twice as much as that of the conventional AI-based energy saving solutions, and it can save up to 20% of energy in a multi-mode network, thereby effectively reducing the operational expenditure. To date, ZTE’s PowerPilot energy-saving solution has been deployed on more than 600,000 sites with over 20 networks worldwide, saving operators more than $1 billion in electricity expenses.

“ZTE has always taken energy saving and consumption reduction as its responsibility, and has been committed to developing innovative technologies,” said Jason Tu, ZTE’s technical spokesperson and principle scientist of NFV/SDN products at ZTE. “By increasing technological efficiency and consumption, ZTE has worked with operators to build 5G green networks, to jointly fulfill its promise of ‘Climate Action’ to UN’s Sustainable Development Goals (SDG).”

The following are the links to access the white paper “5G Energy Efficiencies, Green is the New Black”:
https://res-www.zte.com.cn/mediares/zte/Files/PDF/white_book/202011241046.pdf
https://data.gsmaintelligence.com/api-web/v2/research-file-download?id=54165956&file=241120-5G-energy.pdf

For the brief introduction of the white paper “5G Energy Efficiencies, Green is the New Black”, please click the following link:
https://www.facebook.com/watch/?v=4692508470821594

Media Contacts:
Margaret Ma  
ZTE Corporation  
Tel: +86 755 26775189  
Email: [email protected]

Cision View original content:http://www.prnewswire.com/news-releases/zte-and-gsma-intelligence-release-white-paper-on-green-5g—5g-energy-efficiencies-green-is-the-new-black-301180313.html

SOURCE ZTE Corporation

Posted on

PEABODY ENERGY 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Peabody Energy Corp. – BTU

PEABODY ENERGY 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Peabody Energy Corp. – BTU

NEW ORLEANS–(BUSINESS WIRE)–
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until November 27, 2020 to file lead plaintiff applications in a securities class action lawsuit against Peabody Energy Corp. (NYSE: BTU), if they purchased the Company’s shares between April 3, 2017 and October 28, 2019, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.

What You May Do

If you purchased shares of Peabody and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-btu/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by November 27, 2020.

About the Lawsuit

Peabody and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On September 28, 2018, a fire erupted at the Company’s North Goonyella mine, resulting in operations being suspended indefinitely. Following a series of negative disclosures relating to delays in resuming operations at the mine, on October 29, 2019, the Company disclosed that regulators were placing strict restrictions on restarting operations resulting in drastic adjustments to its reentry plan, ultimately announcing a minimum three year delay.

On this news, the price of Peabody’s shares plummeted.

The case is Oklahoma Firefighters Pension and Retirement System v. Peabody Energy Corp., 20-cv-08024.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

[email protected]

1-877-515-1850

KEYWORDS: Louisiana United States North America

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

Logo
Logo
Posted on

FILING DEADLINE–Kuznicki Law PLLC Announces Class Actions on Behalf of Shareholders of RTX and WFC

CEDARHURST, N.Y., Nov. 24, 2020 (GLOBE NEWSWIRE) — The securities litigation law firm of Kuznicki Law PLLC issues this alert to shareholders of the following publicly traded companies.

Wells Fargo & Company (WFC)

Class Period: October 13, 2017 and October 13, 2020
Lead Plaintiff Motion Deadline: December 29, 2020
SECURITIES FRAUD
To learn more, visit https://kclasslaw.com/cases/securities/nyse-wfc/  

Raytheon Technologies Corporati
on f/k/a Raytheon Company (
RTX, RTN
)

Class Period: February 10, 2016 and October 27, 2020
Lead Plaintiff Motion Deadline: December 29, 2020
SECURITIES FRAUD
To learn more, visit https://kclasslaw.com/cases/securities/nyse-rtx/

Shareholders who purchased shares in these companies during the dates listed are encouraged to contact us via the case links above, by calling toll-free at 1-833-835-1495 or by email ([email protected]).

If you wish to serve as lead plaintiff with the goal of overseeing the litigation to obtain a fair and just resolution, you must petition the Court on or before the deadlines provided above.

Kuznicki Law PLLC is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company’s stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Kuznicki Law PLLC
Daniel Kuznicki, Esq.
445 Central Avenue, Suite 344
Cedarhurst, NY 11516
Email: [email protected]
Phone: (347) 696-1134
Cell: (347) 690-0692
Fax: (347) 348-0967
https://kclasslaw.com