Market Newsdesk

MOUNTAIN VIEW, Calif., Nov. 17, 2020 /PRNewswire/ — Portworx by Pure Storage, the industry’s most complete Kubernetes Data Services Platform, today announced updates to its award-winning product for full-service data protection, PX-Backup. The latest release, PX-Backup 1.2, now works with any storage array or software-defined storage (SDS) solution that supports the Kubernetes CSI spec, including Pure Storage FlashArray and FlashBlade. This gives customers flexibility and choice across any environment, even if they’re not using PX-Store, Portworx’s own container-granular storage engine. Additionally, PX-Backup 1.2 integrates a new usage-based billing model priced at 20 cents/node/hour, making it the ideal choice for growing businesses who want the flexibility of a pay-as-you-go model. To validate this, Portworx was named a leader in the GigaOm Radar Report for Kubernetes Data Protection for providing “a highly scalable and flexible solution for Kubernetes data storage and management that works seamlessly across different on-premises and cloud environments”.

According to 451 Research, 53% of companies have application recovery point objectives (RPO) of less than 24 hours even for non-critical apps and data – demonstrating the criticality of backups for all enterprise applications. To solve this, Portworx released PX-Backup, a point-and-click backup and recovery solution for Kubernetes applications. PX-Backup provides IT organizations with an end-to-end backup solution for containerized applications capable of managing container data lifecycles, cataloging relevant metadata, improving visibility of data access, and enabling restoration of full Kubernetes applications. PX-Backup delivers true multi-cloud availability across both stateless and stateful Kubernetes clusters, supporting major block storage systems like Amazon EBS, Google Persistent Disk, Azure Managed Disks, VMWare Storage, Pure FlashArray and any other CSI-compatible storage system.

“One year ago today, we introduced PX-Backup as a way for enterprises to capture Kubernetes application data, configuration and objects as a single unit, making them easily recoverable and redeployable,” said Murli Thirumale, General Manager, Cloud Native Business Unit, Pure Storage. “Today’s release introduces PX-Backup to an even larger audience, including enterprises not using PX-Store, and delivers the best in data protection, data management and data recovery, that our customers have come to expect.”

Today’s news follows a year of tremendous growth for Portworx, heightened by its acquisition by Pure Storage in September. Additional 2020 momentum metrics include:

• Named a leader within GigaOm’s Radar Reports for Data Storage for Kubernetes
• Achieved “Work with Anthos” qualifications from Google Cloud for its ability to enhance enterprise readiness of data services running on Anthos.
• Achieved “Advanced Technology Partner” status from AWS for providing Portworx Storage Platform for Kubernetes access to AWS customers via AWS Marketplace.
• Features like PX-Backup, PX-DR and PX-Security were recognized as some of the most advanced solutions in the market for disaster recovery, data management and scalability by customers and analyst firms alike.

PX-Backup 1.2 will be available by November 27, 2020. For more information about Portworx’s leadership in data protection around Kubernetes, visit Portworx.com.

Learn More

• Download the GigaOm Radar Report for Kubernetes Data Protection
• 
  Leading companies use Portworx
  
• 
  Kubernetes Storage
  
• 
  Portworx on Twitter
  
• 
  Portworx on LinkedIn
  

About Pure Storage
Pure Storage (NYSE: PSTG) helps modern organizations turn data into business advantage. Pure solutions enable a unified data experience that can adapt as customer needs evolve. One of the fastest-growing enterprise IT companies in history, Pure Storage helps customers put data to use while reducing the complexity and expense of managing the infrastructure behind it. Pure Storage provides a modern data experience that creates a common operating environment across multiple data centers and clouds, easing operations via APIs and intelligent AI-driven automation. And with a certified NPS customer satisfaction score in the top one percent of B2B companies, Pure’s ever-expanding list of customers are among the happiest in the world.

About Portworx by Pure Storage
Portworx, acquired by Pure Storage in October 2020, is the container storage company enterprises rely on to manage mission critical data services in containers. By enabling data availability, data security, backup and disaster recovery for Kubernetes-based applications running on-prem or across clouds, Portworx has helped dozens of Global 2000 companies such as Carrefour, Comcast, GE Digital, Lufthansa, T-Mobile, and SAIC run containerized data services in production. Based in Los Altos, Portworx partners with Amazon, Cisco, Google, IBM, VMware, and other leading enterprise software companies to accelerate container adoption. For more information, visit portworx.com or follow @portwx.

Analyst Recognition
Pure Storage has been named a Leader in the 2019 Gartner Magic Quadrant for General Purpose Storage. Additionally, Portworx was recognized as the leader in GigaOm’s inaugural 2020 Radar Report for Data Storage for Kubernetes

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SOURCE Portworx

ORLANDO, Fla., Nov. 17, 2020 /PRNewswire/ — NiSource, one of America’s largest fully regulated natural gas and electric utilities has joined the Asset to Vendor Network (A2V), a national cybersecurity information-sharing collaborative focused on the utility industry.

As a member of A2V, NiSource will share security data and findings with member utilities such as American Electric Power (AEP), Southern Company (Southern), and other members of the A2V Network. The shared information includes vendor cybersecurity controls assessments on companies such as Hitachi ABB Power Grids, a leading global engineering solution for power utilities in the world, and many others.

“We’re excited about NiSource’s participation in A2V,” said Alex Santos, CEO of Fortress Information Security, which operates the Asset to Vendor Network. “Their commitment to securing their supply chain for their natural gas and electric utilities will now also benefit other member utilities who provide electricity and natural gas to their customers. The ripple effect of their participation will be enormous.”

“The A2V Platform provides a superior solution to resolving our third-party risk challenges,” said NiSource Chief Information Officer Mike Rozsa. “The A2V platform provides us with the tools we need to manage third party risk, and the shared information lowers our operating cost. The A2V Network is a great group of companies, and we are proud to participate, especially in these times of change in the cybersecurity industry. We champion information sharing as the best way to improve cybersecurity while minimizing operating costs.”

Fortress provides security products and services to utilities covering all the lower 48 states and the District of Columbia. Companies in A2V have a combined total of more than 175,000 employees in over 80 operating companies and provide power to over 50 million consumers.

Those figures include NiSource’s customers, approximately 3.2 million natural gas customers in six states (Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia), and over 500,000 electric customers in Indiana, under the Columbia Gas and NIPSCO brands.

About NiSource

NiSource Inc. (NYSE: NI) is one of the largest fully-regulated utility companies in the United States, serving approximately 3.2 million natural gas customers and 500,000 electric customers across six states through its local Columbia Gas and NIPSCO brands. Based in Merrillville, Indiana, NiSource’s approximately 7,500 employees are focused on safely delivering reliable and affordable energy to our customers and communities we serve. NiSource is a member of the Dow Jones Sustainability – North America Index and the Bloomberg Gender Equality Index and has been named by Forbes magazine among America’s Best Large Employers since 2016. Additional information about NiSource, its investments in modern infrastructure and systems, its commitments and its local brands can be found at www.nisource.com. Follow us at www.facebook.com/nisource, www.linkedin.com/company/nisource or www.twitter.com/nisourceinc. 

About Fortress Information Security

Fortress Information Security, based in Orlando, FL, specializes in securing the supply chain and industrial assets of North American critical infrastructure.

About
Asset to Vendor Network

Asset to Vendor Network is a collaborative network of utilities that share cybersecurity intelligence to secure the vast supply chains that deliver bulk electric power, IT, and mission-critical systems.

For more information, contact Adam Benson at 

[email protected]

 or 202.999.9104 or Nick Noll at 

[email protected]

 or 205.383.5595. For NiSource: Ken Stammen at

[email protected]

 or 614.460.5544.

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SOURCE NiSource

PHOENIX, Nov. 17, 2020 /PRNewswire/ — Alpine 4 Technologies, Ltd., (OTCQB: ALPP) owner of leading small market businesses, announced today that it has entered into a binding merger agreement with Impossible Aerospace Corporation.  Impossible Aerospace builds high-performance electric aircraft and drones.  Its customers range from the US Airforce to the City of Santa Clara, and other municipalities.  Impossible Aerospace is Alpine 4’s first acquisition in the UAV space and will serve as a cornerstone to build upon.   The  shareholders of Impossible Aerospace are primarily a grouping of larger venture capital funds such as; Bessemer Venture Partners, Eclipse Ventures, Airbus Ventures, and its CEO, Spencer Gore.   The transaction will be completed in a reverse triangular merger transaction with a newly formed subsidiary of Alpine 4.  Upon meeting the final closing conditions, Impossible Aerospace will be a wholly owned subsidiary of Alpine 4.  Impossible Aerospace and Alpine 4 expect to have the closing conditions meet by December 10^th 2020.  Mr. Gore has been retained by the Company to help assist in the knowledge transfer of US-1 Drone and to assist in procuring new US Military Contracts. 

Strategic Rationale

Kent Wilson, CEO of Alpine 4, had this to say, “The essence of Alpine 4 is our business model of DSF-  Driver, Stabilizer, Facilitator.  For the past 4 years, we have been actively acquiring revenue-generating companies that fall into the Stabilizer and Facilitator categories.  We purposefully did this to add infrastructure and substance to our corporate holdings.  The Driver category is a whole different animal and typically consists of companies that are early revenue but have the potential for explosive growth and opportunity.   I recognized early on that Impossible Aerospace (IA) was what I call a unicorn Driver company.   They checked off all the boxes; patented or patentable IP, leading-edge but not bleeding edge technology, well-funded development behind its IP, and a market space of $5 billion or larger.  Couple that with the fact that Alpine 4’s subsidiary, Quality Circuit Assembly, Inc. has been building many of the essential components that go into Impossible Aerospace’s revolutionary US-1 drone, furthering our desire to make the acquisition.    

Early in the manufacturing relationship with Impossible Aerospace (IA), I expressed my interest in Alpine 4 one day acquiring IA to our sales leadership team at QCA. This year we were able to have a substantive dialogue with Spencer Gore, the CEO of IA, about what a transaction might look like.  We both agreed that Alpine 4 and its vast manufacturing resources and commercial connections would make IA a home run in the Alpine 4 umbrella of companies.”

Spencer Gore, CEO of Impossible Aerospace commented, “Alpine 4 and Impossible Aerospace are combining with a simple mission: to build the nation’s most vertically integrated UAV manufacturer. While most domestic drone makers today rely on a jumbled network of third-party vendors for key components, we envision a single factory that receives raw materials in one door and ships validated aircraft out the other — enabling better products, faster development cycles, and higher profit margins. Impossible Aerospace’s shareholders all believe the long-term growth opportunity of the combined company exceeds that of its parts, and are excited to take this next step on the fulfillment of our mission to build the world’s most capable aircraft.”

Transaction Highlights

• Mature and Highly Developed Drone Ecosystem: The acquisition of IA will allow Alpine 4 to dominate the emerging drone market with market-leading airframe and battery technology that enables real missions over 70 minutes.
• Multiple Large Market Opportunities: The ancillary markets of EMS Surveillance and Short Haul Delivery that can be supported by IA’s drone technology are large and growing.
• Patented IP: The Intellectual Property granted in the purchase of IA by Alpine 4 is supported by two patents pending and five provisional patents.
• Vertical Manufacturing:   Having the IA manufacturing process within our subsidiary, Quality Circuit Assembly, Inc., will greatly enhance our ability to push production efficiencies to the front line.  The time it takes to go from prototype to production will be cut in half. 

Impossible Aerospace:  IA builds high-performance electric aircraft that save lives. Founded in 2016 by former Tesla engineer Spencer Gore, the company unveiled its US-1 aircraft in 2018, unique for its long endurance and U.S. origin. The company was formerly backed by Bessemer Venture Partners, Eclipse Venture and Airbus Ventures. 

https://www.cnbc.com/video/2019/03/29/ex-tesla-engineer-wants-to-reinvent-aviation-at-impossible-aerospace.html

www.impossible.aero

Alpine 4:  Four principles at the core of our business are Synergy. Innovation. Drive. Excellence.  At Alpine 4, we believe synergistic innovation drives excellence.  By anchoring these words to our combined experience and capabilities, we can aggressively pursue opportunities within and across vertical markets.  We deliver solutions that not only drive industry standards but also increase value for our shareholders.

Contact: Kent B. Wilson, CEO or Ian Kantrowitz, VP of Investor Relations

[email protected]

www.alpine4.com

Forward-Looking Statements: The information disclosed in this press release is made as of the date hereof and reflects Alpine 4 most current assessment of its historical financial performance. Actual financial results filed with the SEC may differ from those contained herein due to timing delays between the date of this release and confirmation of final audit results. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties, including the uncertainties surrounding the current market volatility, and other factors the Company identifies from time to time in its filings with the SEC. Although Alpine 4 believes that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Alpine 4 disclaims any intention or obligation to update the forward-looking statements for subsequent events.

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SOURCE Alpine 4 Technologies

ELKHART, Ind., Nov. 17, 2020 /PRNewswire/ — Patrick Industries, Inc. (NASDAQ: PATK) (“Patrick” or the “Company”) announced today that it has completed the acquisition of Lake Zurich, Illinois-based Geremarie Corporation (“Geremarie”), a leading designer, manufacturer and fabricator of a full suite of high-precision aluminum components serving the marine industry, in addition to the medical, aerospace, defense, commercial and industrial markets. The Company projects Geremarie’s full-year 2020 revenues to be approximately $44 million and expects the acquisition to be immediately accretive to net income per share.

“Geremarie is a premier, innovative designer and fabricator of custom billet aluminum ski and wakeboard towers, components, trim, and accessories for major OEM brands in the marine sector,” said Andy Nemeth, President and Chief Executive Officer of Patrick. “By utilizing their state-of-the-art, fully automated systems and manufacturing capabilities, Geremarie has been successful in driving efficiency, throughput, and continuous improvement. We are very excited to partner with Jim Schultz and the Geremarie team, and we believe this acquisition represents an attractive cross selling growth opportunity within multiple end markets while providing the potential for tremendous synergies across our brand platform. In addition, the combination of Geremarie’s highly specialized engineering, programming, and operational expertise has been key to their ability to pair functionality with aesthetics in creating industry leading innovation for their customers. Consistent with previous acquisitions, we will support Geremarie with a financial and operational foundation that will allow it to capitalize on its core competencies while preserving the entrepreneurial spirit that has been so important to its success.”

Jim Schultz, founder of Geremarie, said, “After nearly 25 years developing and implementing the vision for our business model and growing our platform, we look forward to partnering with Patrick to continue to drive innovation with our product offering and our team’s commitment to customer excellence.   Patrick shares our commitment to culture and delivering the highest quality products to our customers through continuous investment in processes, manufacturing technology, people, training and systems.” 

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

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.

WINDSOR, Conn., Nov. 17, 2020 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), today announced releases across its full line of SS&C Advent solutions, including Advent Portfolio Exchange®, Advent Genesis®, Geneva®, Moxy® and related platforms.

“Over decades, our solutions have been built in partnership with our customers, with a focus on enhancing user experience and streamlining operational workflows,” said Karen Geiger, Senior VP and Co-General Manager, SS&C Advent. “Our continuous release schedule allows our clients to be more proactive and better positioned to take advantage of market opportunities.”

Highlights of the latest releases include:

• Advent Outsourcing Services (AOS) has completed the rollout of its console, giving clients greater visibility and transparency into operational workflows, such as portfolio and market data management. The console also displays the real-time status of the automation in clients’ environments, providing more efficient and effective interactions with the AOS team.
• Advent Portfolio Exchange^® offers several new features in this cycle, including expanded search and favorites capabilities, so users can quickly find information. New workflows more easily create and clone portfolios, groups and composites. Improved automation to create, update and delete report macros lower client’s operating costs and improve consistency.
• Advent Revenue Center^® recently added scalability enhancements to improve invoice generation, forecast creation, and reporting, reducing processing times for these key areas by up to 80% relative to previous versions.
• Geneva® introduces Geneva SmartSync, the intelligent data delivery solution that eliminates batch processing and automates event-driven updates with its real-time SmartSync capabilities. The Asset Servicing workspace enables users to view system-wide events to show eligible portfolios, position impacts, and workflows. Additional enhancements include support for the transition from LIBOR to SOFR and better use of machine learning and AI for data management and governance with Lumis®.
• Advent Genesis™ recently released a new overlay portfolio management workflows for firms to manage diversified, multi-strategy portfolios and households while seamlessly integrating to the rest of the Advent Investment suite of solutions for beginning of day information and trading workflows. Additional functionality includes a new trade program allowing portfolio managers to easily reinvest proceeds from sales, enhanced restriction management workflows, and additional role-based controls.
• Tamale RMS® continues to deliver, with its sixth release this year, the introduction of task management and an enhanced contact model.  By leveraging AI and Machine Learning technology, Tamale saves analysts and portfolio managers time by automatically tagging notes and files. 
• Tradex®: The fund order management and distribution platform introduces new integration to Geneva World Investor®. The latest updates include new ways to automate exporting cash transactions, order instructions and settlements. Further enhancements include logging, performance and integration automation and security.
• Advent® Syncova: This flexible calculation platform continues its investment in data management, supporting the ability to archive standard margin and financing results to XML and a new series of APIs to facilitate margin rule override management. A consolidated stand-alone utility for managing Syncova Services enables simplified installations and operations.

About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.

Additional information about
SS&C (Nasdaq:SSNC) is available at www.ssctech.com.
Follow SS&C on Twitter, Linkedin and Facebook.

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SOURCE SS&C

SAN FRANCISCO, Nov. 17, 2020 /PRNewswire/ — HOVER, a technology company that provides an end-to-end data platform for home improvement and property insurance professionals, today announced a $60 million Series D financing led by top insurance carriers Travelers (NYSE: TRV), State Farm Ventures™, and Nationwide. HOVER uses computer vision and machine learning to structure property data, enabling seamless workflows from appraisal and estimation to interactive 3D design and materials ordering. Insurance professionals and contractors use HOVER’s app to drive efficiency and transparency in their workflows and provide a superior experience for homeowners.

The round also included participation from long-time investor, Standard Industries, as well as other leading firms in building and technology: Menlo Ventures, GV, Alsop Louie Partners and Guidewire Software, Inc. (NYSE: GWRE). The capital will be used to enhance the company’s 3D data platform and expand its e-commerce efforts. With the launch of a frictionless buying experience and recent partnerships with SRS Distribution and Beacon Roofing Supply, HOVER is gaining a strong and growing foothold in the $50 billion exterior building materials market.

“Today’s investment is evidence that our new and existing investors believe we will continue the transformation of the insurance and home improvement industries,” said A.J. Altman, founder and CEO of HOVER. “I’m incredibly proud of the team’s work to grow and scale our business while maintaining a strong commitment to our customers and each other. As we deepen our relationships with top insurance carriers and expand our product offerings, we will remain focused on delivering value for our partners and customers, and continue improving the experience for the homeowner.”

“It’s important to us that we provide our customers with the best possible experience, and HOVER’s technology helps us to do that by creating a simpler, faster and more transparent claims process,” said Nick Seminara, executive vice president and chief claims officer of Travelers. “We see a tremendous opportunity for HOVER in the insurance industry, and we’re pleased to continue our partnership and invest in their future.”

How it Works

HOVER drives efficiency and transparency with a mobile app that allows home improvement and insurance professionals to measure, design, and estimate projects in one place; smartphone photos transform into photo-realistic, accurately measured, and fully-interactive 3D models of any home. 

Whether insuring, repairing, or improving a home, HOVER provides homeowners and professionals the detailed information needed to produce accurate estimates or appraisals, and a 3D model that professionals can use to explore project details and design options with homeowners.

For Insurance Professionals

HOVER helps insurance carriers reduce property claim cycle times and improves policyholder satisfaction by leveraging up-to-date photos and detailed property measurements to create accurate claim estimates. Additionally, HOVER enables policyholders to capture the photos themselves, which unlocks desk adjusting and enables a virtual claims experience. HOVER’s data set including Total Living Area helps the underwriters by determining replacement costs, quoting, and binding policies.

For Contractors

HOVER property data now powers every step of the contractor’s workflow within a single, seamless platform, from generating estimates and sending proposals to placing material orders directly with distributors. Thousands of exterior contractors use HOVER to save time and money on every project, establish instant credibility, and close more business. They use the HOVER platform to show homeowners what their dream home could look like and improve sales efficiency.

For Homeowners

HOVER provides homeowners more transparency and an easier way to work with their exterior home improvement contractors and insurance carriers. With just a few photos from a smartphone, homeowners can generate detailed information that trusted contractors and insurance carriers need to provide accurate estimates and appraisals. With HOVER’s 3D models, homeowners can envision their project with actual materials, allowing for improved communication and understanding, and leading to a better overall experience.

“HOVER has proven to be an incredible platform for our home improvement business,” said Greg Swartz, CFO of DaBella. “Since incorporating the technology into our services, we’ve seen a tremendous increase in profitability and close rates. We also save time on ordering materials, which allows time to be spent elsewhere; what used to take us 30 minutes now takes a matter of seconds with HOVER.”

Altman added, “The immediate priority will be to continue scaling our world-class team while we maintain strong momentum in the market and double-down on nurturing our special company culture.”

Founded in 2011, HOVER has raised $147 million in funding to-date.

To see HOVER’s open job listings, please visit: https://hover.to/jobs/.

About HOVER

HOVER is developing the most accurate and usable data set of physical property available to deliver a simpler and more transparent home improvement experience. Used by contractors, insurance adjusters, and homeowners alike, HOVER drives efficiencies with a mobile app that measures, designs, and estimates cost all in one place; smartphone photos transform into beautifully-rendered, fully-measured 3D models of any home. For more information, visit https://hover.to/.

Press Contact:

Kira Cooper


[email protected]
 
(415) 299-1145

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SOURCE HOVER

LONDON, Nov. 17, 2020 /PRNewswire/ — Telit, a global enabler of the Internet of Things (IoT), today announced the LE910S1-EA, a new LTE Cat 1 module with single-antenna, designed for IoT applications in the EMEA and APAC regions that need a combination of performance, affordability, voice support, 2G fallback, optional GNSS location and a compact form factor. The LE910S1-EA is ideal for tracking devices and other mobile IoT applications that need to maintain a reliable connection across multiple operators in a country, region or multiple regions. For more information, visit https://contact.telit.com/lte-cat1-4.

The LE910S1-EA supports LTE Cat.1 with single-antenna reception, with downlink speeds of up to 10 Mbps and up to 5 Mbps uplinks. This streamlined configuration helps the LE910S1-EA significantly reduce cost and complexity compared to LTE Cat 1 devices with two antennas. Mobile operators worldwide plan to continue supporting LTE long after they have deployed 5G. LTE Cat 1 is also ideal for IoT deployments in regions where the new 3GPP low power wide-area (LPWA) technologies are not yet available.

The new module supports 2G fallback, making it ideal for applications that require full mobility throughout the EMEA and APAC regions – including areas that have not upgraded to 4G yet. It also supports both circuit-switched voice and VoLTE for those applications that require making phone calls, like alarm panels, connected elevators, and healthcare mobile personal emergency response systems (mPERS). An optional embedded GNSS receiver makes it an ideal all-in-one solution for tracking use cases where highly precise, faster-refreshing, satellite-based positioning and navigation must complement cellular-based positioning.

The LE910S1-EA is the latest member of Telit’s flagship xE910 module family, whose unified form factor, electrical and programming interfaces span 2G, 3G and 4G products. This heritage enables developers to implement a “design once, use anywhere” strategy. One example is quickly porting their existing designs to the LE910S1-EA to pursue new market opportunities in the EMEA and APAC regions.

“The new Telit LE910S1-EA module lets IoT developers quickly leverage the benefits of the well-established LTE Cat 1 standard, including affordability, widespread availability,  compact size and seamless roaming throughout the EMEA and APAC regions,” said Marco Stracuzzi, head of product marketing, Telit. “The LE910S1-EA is perfect for IoT applications that need a smooth migration path from 2G and 3G as those networks sunset but still need higher performance compared to Cat M1 and NB-IoT in terms of data rate, latency, mobility and voice support.”

Samples of the LE910S1-EA are available now with mass production in Q1 2021.

About Telit


Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement, with an extensive portfolio of wireless connectivity modules, software platforms and global IoT connectivity services, empowering hundreds of millions of connected ‘things’ to date, and trusted by thousands of direct and indirect customers, globally. With over two decades of IoT innovation experience, Telit continues to redefine the boundaries of digital business, by delivering secure, integrated end-to-end IoT solutions for many of the world’s largest brands, including enterprises, OEMs, system integrators and service providers across all industries, enabling them to simplify, connect and manage IoT at any scale.

Copyright © 2020 Telit Communications PLC. All rights reserved. Telit, Telit OneEdge and all associated logos are trademarks of Telit Communications PLC in the United States and other countries. Other names used herein may be trademarks of their respective owners.

Media Contacts

Leslie Hart

Telit
+1 919-415-1510
[email protected]

Lora Wilson

Valerie Christopherson

GRC for Telit
+1 949-608-0276
[email protected] 

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SOURCE Telit

ATLANTA, Nov. 17, 2020 /PRNewswire/ — To help carriers understand the ever-changing market and offer them benchmark insights, LexisNexis® Risk Solutions released its latest Insurance Demand Meter, reporting on Q3 U.S. auto insurance shopping activity. The Meter shows that both shopping and new business policy volumes increased overall in the third quarter, but slowed in August, likely impacted by the end of the Coronavirus Aid, Relief and Economic Security (CARES) Act benefits, significant hurricane activity, and the wildfires in the West.

Extreme weather events
Destructive hurricanes in the Gulf, including hurricanes Laura and Marco, which both made landfall in Louisiana less than a week apart, and an unusually large number of wildfires across the West seemingly significantly impacted auto insurance shopping on a regional level.

• Comparing shopping volumes against those days in 2019, shopping volumes fell 18% from last year’s volumes after Hurricane Marco hit; then volumes fell off 36% after Hurricane Laura’s impact a few days later.
• California fires appear to have caused a reduction in shopping volumes for two consecutive weeks in mid-August (-9.2%, -8.0%, respectively) and Washington saw a drop in growth by -8.2% in late-August, correlating with the peak of fire activity within those states.

Uninsured and Insured Shopping
Insured shopping volumes saw a positive growth of nearly 10% in Q3. Conversely, uninsured shopping started falling in August, holding a steady -10% growth rate from mid-August through September, likely a result of a combination of unemployment benefits expiring at the end of July and insurance carrier cancellation moratoria that resulted in fewer insureds leaving the market.

“Despite a challenging Q3 for many consumers, as the economy continues to improve and unemployment levels normalize, we expect consumers to return to the auto insurance market, which will accelerate new policy growth and ultimately help to decrease uninsured motorist claim frequency,” said Tanner Sheehan, associate vice president of auto insurance at LexisNexis Risk Solutions. “Extreme weather events also proved to disrupt the auto insurance market this quarter and if no improvement is shown, we could see continued negative implications for insurance carriers down the line.”

Additional key insights from Q3 include:

• New policyholders, new revenue opportunities: The auto insurance shopping quarterly growth rate averaged 6.1 % in Q3, ending the quarter at 7.6%. New business growth also increased to 5.7% during the quarter, which was nearly twice the growth rate of both the previous year and the 5-year quarterly average. 
• Trends by shopping channels: The reduction in shopping among the uninsured impacted each of the distribution channels differently. For example, direct channel volumes remained flat to negative, which tends to be most preferred by shoppers without insurance. 

“Given the unprecedented impact we’ve seen thus far, the COVID-19 pandemic will likely continue to influence the auto insurance shopping market throughout 2020 and continue to affect market dynamics into 2021. As of now, potential stimulus and Americans eventually returning to work in-person will be the biggest drivers of results in the insurance market in the near term,” Sheehan continued.  

About the LexisNexis Insurance Demand Meter
The LexisNexis Insurance Demand Meter is a quarterly analysis of shopping volume and frequency, new business volume and related data points. LexisNexis Risk Solutions offers this unique market-wide perspective of consumer shopping and switching behavior based on its analysis of billions of consumer shopping transactions since 2009, representing nearly 90% of the universe of shopping activity.

To download the latest Insurance Demand Meter, click here.

About LexisNexis Risk Solutions

LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information and analytics for professional and business customers across industries. For more information, please visit www.risk.lexisnexis.com, and www.relx.com.

Media Contacts:

Rocio Rivera

LexisNexis Risk Solutions
Phone: +1.678.694.2338
[email protected] 

Mollie Holman

Brodeur Partners for LexisNexis Risk Solutions
Phone: +1.646.746.5611
[email protected]

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SOURCE LexisNexis Risk Solutions

SANTA CRUZ, Calif., Nov. 17, 2020 /PRNewswire/ — Poly (NYSE: PLT) announced today that Yael Zheng, chief marketing officer of Bill.com, Inc., has been appointed by Poly’s Board to serve as a member of the Board and its Strategy Committee, effective November 12, 2020.

“Yael is a proven go-to-market leader with a wide range of B2B marketing experience across software, infrastructure and hardware that will offer invaluable perspective for Poly’s business and our customers,” said Dave Shull, chief executive officer, Poly. “She is joining our Board of Directors at a critical time as we experience record-level demand and sales, and return to be a growth company.”

Zheng has held leadership roles at numerous Silicon Valley companies and was instrumental in supporting efforts at these companies to scale from early stages to post-IPO. She currently leads marketing to drive awareness, demand, and growth at Bill.com, a provider of cloud-based software that automates accounts payables and receivables processes for SMBs and mid-sized companies. Prior to Bill.com, Zheng built the marketing team from the ground up as a consultant for Medallia. At VMware, she led the corporate and worldwide marketing teams where she oversaw key initiatives that supported the company’s hyper growth to a post-IPO, multi-billion dollar market leader of cloud software.  

“Poly has a strong product portfolio, customer base and internal talent,” said Zheng. “As the future of work evolves, Poly faces an unprecedented opportunity to help impact the lives of people around the world with premium-grade technology that enables work from anywhere.  I look forward to joining the Board of Directors to help contribute to the company’s success and drive shareholder value.”

Zheng has a Bachelor of Science in Materials Science and Engineering from Massachusetts Institute of Technology and an MBA from Haas School of Business at University of California, Berkeley.

Zheng becomes the second female director and tenth member of the Board.

About Poly

Poly (Plantronics, Inc. – formerly Plantronics and Polycom) is a global communications company that powers meaningful human connection and collaboration. Poly combines legendary audio expertise and powerful video and conferencing capabilities to overcome the distractions, complexity and distance that make communication challenging. Poly believes in solutions that make life easier when they work together and with our partners’ services. Poly is one of the global industry leaders offering headsets, video and audio conferencing, desk phones, analytics software and services. For more information visit www.Poly.com.

Poly, the propeller design, and the Poly logo are trademarks of Plantronics, Inc. All other trademarks are the property of their respective owners.

INVESTOR CONTACT:

Mike Iburg

Vice President, Investor Relations
(831) 458-7533

MEDIA CONTACT:

Edie Kissko

Vice President, Poly Communications
(213) 369-3719

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SOURCE Poly