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Cooper Tire’s WORK Series Truck and Bus Radial Tires Earn Construction Equipment Magazine’s Top 100 New Products of 2020 Award

Cooper Tire’s WORK Series Truck and Bus Radial Tires Earn Construction Equipment Magazine’s Top 100 New Products of 2020 Award

FINDLAY, Ohio–(BUSINESS WIRE)–
Construction Equipment magazine has named Cooper’s WORK Series truck and bus radial (TBR) tires as one of the Top 100 New Products of 2020. Selected from several hundred products considered for the award, the Top 100 list recognizes the year’s most innovative new construction and related products as chosen by the publication’s editorial staff. This marks the second time in four years that Cooper has received this annual Construction Equipment award.

Cooper’s WORK Series tires are for regional-haul, pick-up and delivery vehicles, and balance fuel efficiency and tread life with scrub resistant properties. This is one of three series within Cooper’s TBR lineup which also includes the PRO Series for long-haul and SEVERE Series for mixed service applications.

“This award is testament to the effort that goes into designing Cooper WORK Series tires,” said Gary Schroeder, Executive Director of Cooper’s Global Truck and Bus Tire Business. “Our WORK Series, along with SEVERE and PRO Series, has been very well received, providing our customers with a low-cost of ownership proposition. We continue to innovate with this line of tires, and are pleased to receive this award highlighting our work.”

First launched in 2018, Cooper added to its WORK Series lineup by introducing two tires for local and vocational applications earlier this year – the All-Steel Drive (ASD) tire and the All Steel All Position (ASA) tire. Both tires are engineered for Class 4-6 vehicles in 19.5-inch size. Cooper also introduced the All Weather Drive (AWD) tire for regional fleets, Cooper’s first commercial tire to feature Cooper’s patented Snow Groove Technology™. The tire also carries Three Peak Mountain Snowflake certification, verifying outstanding all-weather performance.

Built around a four steel-belt casing, Cooper WORK Series tires are highly retreadable and feature an industry-leading full replacement value warranty for the first 50 percent of treadwear. The WORK Series is offered for replacement applications and is original equipment on both power and trailer fitments.

About Cooper Tire & Rubber Company

Cooper Tire & Rubber Company (NYSE: CTB) is the parent company of a global family of companies that specializes in the design, manufacture, marketing and sale of passenger car, light truck, medium truck, motorcycle and racing tires. Cooper’s headquarters is in Findlay, Ohio, with manufacturing, sales, distribution, technical and design operations within its family of companies located in more than one dozen countries around the world. For more information on Cooper, visit www.coopertire.com, www.facebook.com/coopertire or www.twitter.com/coopertire.

Media Contact:

Doug Siefkes

425.392.2611

[email protected]

Megan James

419.424.4251

[email protected]

KEYWORDS: United States North America Ohio

INDUSTRY KEYWORDS: Other Transport Public Transport Trucking Construction & Property Aftermarket Automotive Transport Tires & Rubber Other Construction & Property

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American Express Enhances Early Pay Supply Chain Solution for Large Companies

American Express Enhances Early Pay Supply Chain Solution for Large Companies

Early Pay solution has new digital payment features to help businesses save time, money and maximize their cash flow

NEW YORK–(BUSINESS WIRE)–
Today, American Express (NYSE:AXP) announced enhancements to Early Pay in the U.S., the company’s supply chain payment solution to give large companies1 – and their suppliers – the ability to pay and get paid when they want through an easy-to-use digital platform. Initially launched in 2018, American Express’ Early Pay solution has evolved to provide important benefits to both buyers and suppliers. It helps buyers have greater control of their accounts payable process for their B2B payments, generate extra cash from early payment discounts and finance their payments should they need the working capital. Early Pay provides suppliers the ability to help optimize their cash flow by accepting early payment offers from their buyers, in exchange for a discount. The enhancements to Early Pay are the latest example of American Express’ ongoing investment in best-in-class, digital business financing and B2B payment solutions.

“As we continue to focus on enabling digital payments beyond our traditional Corporate Cards, we are investing in solutions to improve the buyer and supplier experience and help solve common B2B payment-related pain points,” said Daniel Brachfeld, Vice President/General Manager, Supply Chain Solutions at American Express. “Right now, businesses are more focused on digital transformation than ever before, with 84% of U.S. business decision makers saying they feel positive about transitioning to a digital payments system2. The latest evolution of Early Pay provides a supply chain solution that will give businesses more flexibility to help manage their payments and cash flow easily and efficiently. This comes at a time when businesses are seeking a simple digital solution among a rapidly evolving and fragmented supplier payments landscape.”

For Buyers: Optimizing Supplier Payments

According to a recent study, the adoption of automation and early payment discount functionality could enable businesses to realize an estimated $8.84 billion in un-captured savings from discounts. The enhanced Early Pay solution provides a number of benefits for buyers, including the ability to:

  • Optimize cash flow by capturing invoice discounts through early payments funded and made by either American Express or the buyer.
  • Turn potential cash discounts from early payments into savings and working capital.
  • Reach and engage new suppliers through American Express’ fast and simple digital implementation process.

For Suppliers: Enhanced Supplier Experience

According to The B2B Payments Innovation Readiness Report3, nearly 15 percent of B2B receivables are late – a problem that can worsen if the supplier does not follow up in time. When a buyer is late to pay, it can put suppliers in a stranglehold, making cash flow their biggest challenge. Now suppliers will be able to:

  • Choose to accept discounts on all invoices, or on an invoice by invoice basis, to automatically get paid early through the American Express Early Pay digital platform.
  • Rely on a fast and easy onboarding, payment and reconciliation process.

Early Pay will continue to evolve with additional features and benefits rolling out in 2021.

To learn more about Early Pay, watch an informational video here: https://www.youtube.com/watch?v=e3_jdOXr6H4 and contact an American Express Account Manager.

ABOUT AMERICAN EXPRESS

American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.

Key links to products, services and corporate responsibility information: charge and credit cards, business credit cards, travel services, gift cards, prepaid cards, merchant services, Accertify, InAuth, corporate card, business travel, and corporate responsibility.

1 Large companies who establish an American Express Corporate Purchasing Card account

2 According to the recent American Express One AP Survey

3 The B2B Payments Innovation Readiness Report, a PYMNTS and American Express Collaboration (September 2020)

Location: U.S.

American Express

Felicia Mowll

[email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Supply Chain Management Professional Services Retail Specialty Finance Banking

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PVH Corp. to Host Conference Call to Discuss Third Quarter 2020 Earnings Results

PVH Corp. to Host Conference Call to Discuss Third Quarter 2020 Earnings Results

NEW YORK–(BUSINESS WIRE)–PVH Corp. (NYSE: PVH) today announced that it will release its third quarter 2020 earnings results on Wednesday, December 2, 2020 after the market closes. PVH will sponsor a conference call on Thursday, December 3, 2020 beginning at 9:00 A.M. Eastern Time, hosted by Emanuel Chirico, Chairman and Chief Executive Officer, Stefan Larsson, President, and Michael Shaffer, Executive Vice President and Chief Operating & Financial Officer, to discuss the results.

The call will be broadcast live over the Internet. A link will be available on the Company’s website, www.pvh.com, under the Investors section. For those who are unable to listen to the live broadcast, a replay will be available shortly after the call on our website for 12 months. In addition, an audio replay can be listened to for 48 hours, commencing approximately two hours after the call. To listen to the call replay, dial 719-457-0820 or 888-203-1112 (domestic toll free) and enter the pass code number 4890292.

About PVH Corp.

PVH is one of the most admired fashion and lifestyle companies in the world. We power brands that drive fashion forward – for good. Our brand portfolio includes the iconic CALVIN KLEIN, TOMMY HILFIGER, Van Heusen, IZOD, ARROW, Warner’s, Olgaand Geoffrey Beene brands, as well as the digital-centric True & Co. intimates brand. We market a variety of goods under these and other nationally and internationally known owned and licensed brands. PVH has almost 40,000 associates operating in over 40 countries and $9.9 billion in 2019 revenues. That’s the Power of Us. That’s the Power of PVH.

The webcast and conference call will consist of copyrighted material and may not be recorded, reproduced, retransmitted, rebroadcast, downloaded or otherwise used without PVH’s express written permission.

The information made available on the webcast and conference call will contain certain forward-looking statements that reflect PVH’s view of future events and financial performance as of December 2, 2020. All such forward-looking statements are subject to risks and uncertainties indicated from time to time in the Company’s SEC filings. Therefore, the Company’s future results of operations could differ materially from historical results or current expectations, as more fully discussed in its SEC filings. The Company does not undertake any obligation to update publicly any forward-looking statement, including, without limitation, any estimate regarding revenues or earnings.

The information made available also will include certain non-GAAP financial measures, as defined under SEC rules. A reconciliation of these measures will be included in the Company’s earnings release, which will be posted on the Company’s website, www.pvh.com, and included in the Company’s current report on Form 8-K to be furnished to the SEC in advance of the webcast and conference call.

Dana Perlman

Treasurer, Senior Vice President

Business Development and Investor Relations

(212) 381-3502

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Fashion Retail

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NTT Com to Rollout Ciena’s Optical Technology that Enables First 800G for Data Center Interconnect in Japan

NTT Com to Rollout Ciena’s Optical Technology that Enables First 800G for Data Center Interconnect in Japan

HANOVER, Md.–(BUSINESS WIRE)–Ciena (NYSE: CIEN) today announced that NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT Group, will deploy a single-wave 800G line speed solution for Data Center Interconnect (DCI). To accommodate the rapid growth of 5G, gaming and cloud services, NTT Com will upgrade its DCI network to be more programmable, resilient and high-capacity.

“Since its inception, NTT Com has continued to take on the challenges of the Internet, delivering value in terms of convenience, efficiency and security through connectivity. By upgrading to a high-quality, reliable 800G ultra high-capacity DCI network, we aim to enable our customers to achieve an even more dynamic digital experience and robust business results,” said Junichi Iimuro, Vice President of Infrastructure Design Department, Platform Services Division, NTT Com.

Ciena’s industry-leading WaveLogic 5 Extreme optical platform delivers more capacity and lower power for high bandwidth applications. Using wavelength multiplexing technology, NTT Com’s upgraded network can support capacity up to 33.6Tbps between data centers in metro area. As new requirements from end users emerge, Ciena’s 800G will scale as needed.

“With a proven track record of providing scale and capacity in Japan and globally, Ciena’s industry-leading 800G will enable NTT Com to provide a network that can adapt and drive stronger outcomes for end users. This deployment will reinforce our commitment to delivering premium product and service quickly and efficiently,” said Kazuyasu Takahashi, Vice President and General Manager, Ciena Japan.

Earlier this year, Ciena joined the Innovative Optical and Wireless Network Global Forum (IOWN GF) co-founded by NTT, Intel Corporation and Sony Corporation to define the next generation communications infrastructure in Japan and help create a smarter world for people around the globe.

About NTT Communications

NTT Communications solves the world’s technology challenges by helping enterprises overcome complexity and risk in their ICT environments with managed IT infrastructure solutions. These solutions are backed by our worldwide infrastructure, including industry leading, global tier-1 public and private networks reaching over 190 countries/regions, and more than 500,000m2 of the world’s most advanced data center facilities. Our global professional services teams provide consultation and architecture for the resiliency and security required for your business success, and our scale and global capabilities in technology world are unsurpassed. Combined with NTT Ltd., NTT Data, and NTT DOCOMO, we are NTT Group.

www.ntt.com | Twitter@NTT Com | Facebook@NTT Com | LinkedIn@NTT Com

About Ciena

Ciena (NYSE: CIEN) is a networking systems, services and software company. We provide solutions that help our customers create the Adaptive Network™ in response to the constantly changing demands of their end-users. By delivering best-in-class networking technology through high-touch consultative relationships, we build the world’s most agile networks with automation, openness and scale. For updates on Ciena, follow us on Twitter @Ciena, LinkedIn, the Ciena Insights blog, or visit www.ciena.com.

Note to Ciena Investors

You are encouraged to review the Investors section of our website, where we routinely post press releases, SEC filings, recent news, financial results, and other announcements. From time to time we exclusively post material information to this website along with other disclosure channels that we use. This press release contains certain forward-looking statements that are based on our current expectations, forecasts, information and assumptions. These statements involve inherent risks and uncertainties. Actual results or outcomes may differ materially from those stated or implied, because of risks and uncertainties, including those detailed in our most recent annual and quarterly reports filed with the SEC. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies and can be identified by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will,” and “would” or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Press Contact:

Virginia Stratford

Ciena Corporation

+1 (410) 694-5761

[email protected]

Investor Contact:

Gregg Lampf

Ciena Corporation

+1 (410) 694-5700

[email protected]

KEYWORDS: United States Japan North America Asia Pacific Maryland

INDUSTRY KEYWORDS: Networks Data Management Technology Telecommunications Software

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P&G’s Royal Oils and Gold Series Announce Ongoing Commitment to Support Black Women in STEM

P&G’s Royal Oils and Gold Series Announce Ongoing Commitment to Support Black Women in STEM

The P&G brands are partnering with CVS and UNCF to award $200,000 in scholarships to Black women pursuing degrees in STEM subjects

CINCINNATI–(BUSINESS WIRE)–
Black women have historically been underrepresented in the science, technology, engineering and mathematics (STEM) workforce. P&G brands Royal Oils by Head & Shoulders and Gold Series from Pantene are determined to help change that by supporting the growth and development of future Black female STEM-focused innovators through a new initiative. Together with CVS this fall, P&G will award $200,000 in scholarships to Black women pursuing a degree in STEM subjects at historically Black colleges and universities (HBCUs) and UNCF member schools, facilitated through long-time higher education partner UNCF (United Negro College Fund).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201116005721/en/

The P&G brands are partnering with CVS and UNCF to award $200,000 in scholarships to Black women pursuing degrees in STEM subjects. (Graphic: Business Wire)

The P&G brands are partnering with CVS and UNCF to award $200,000 in scholarships to Black women pursuing degrees in STEM subjects. (Graphic: Business Wire)

The Rooted in Science scholarships will be administered by UNCF, an organization dedicated to helping as many talented, deserving Black men and women as possible get to and through college successfully. To apply for a scholarship, please visit https://uncf.org/scholarships. Applications will be open from November 15, 2020 through January 4, 2021, and recipients will be announced on January 28, 2021. There will be 16 scholarship recipients who will be awarded $5,000 a year for up to two years. Scholarship funds are intended to help college juniors and seniors with expenses associated with the pursuit of their degrees as 45.9% of Black students enrolled in four-year public institutions complete their degrees in six years. This is partially because 65% of Black college students are independent, which means they must balance obtaining a degree with full-time work, family responsibilities and more.

“Providing these resources to young, Black women studying STEM is deeply important to P&G as we hope to help further diversify the field and pave the way for future generations,” said Lela Coffey, Vice President P&G Multicultural Hair Care. “STEM and diversity are at the core of our brands and ensuring representation of Black women in these roles is essential for developing future innovations in beauty and personal care products that continue to support and reflect the needs of modern Black women.”

Both P&G brands are #RootedinScience. Gold Series from Pantene was formulated by Black scientists, Ph.D.s, dermatologists and stylists, and provides superior moisture benefits. Through decades of cutting-edge innovation and technology, plus on-going research of textured hair, Royal Oils by Head & Shoulders was tested on African-ancestry hair for scalp and hair health.

Black men and women make up 11% of the U.S. workforce, but only hold 9% of the jobs in STEM. Even though our nation’s 100-plus HBCUs make up just 3% of colleges and universities, they produce 27% of Black students with bachelor’s degrees in STEM fields.

“During our 75 years of working together, P&G has been a very reliable partner for UNCF,” said Dr. Michael L. Lomax, president and CEO, UNCF. “With the COVID-19 pandemic raging across the United States and hitting communities of color particularly hard, we need as many students studying STEM fields as possible, as those careers are likely to be the bulk of our future pandemic frontliners—our future doctors, nurses, teachers and technologists. This new scholarship program helps fill a growing gap that HBCU students and other Black students have often fallen behind in due to a lack of funds. Thank you, P&G, for helping to open more doors to better futures for us all.”

You can stop by your local CVS to learn more about the scholarships and Royal Oils and Gold Series products.

About Royal Oils by Head & Shoulders

Developed specifically for textured hair by a team of Black scientists, Royal Oils by Head & Shoulders provides expertly designed scalp relief and luxuriously moisturized hair for all natural, relaxed, curly and coily crowns.

About Gold Series from Pantene

Gold Series from Pantene is a breakthrough line designed to provide strength and moisture for women with relaxed, natural, or transitioning hair. This superior care and styling line was co-created with scientists, stylists, and dermatologists who understand the unique needs of textured hair. Each product in the Gold Series collection is powered by Pro-V blends and protective conditioning and repair agents formulated to work together to improve moisture, strength, elasticity, smoothness, and shine.

About Procter & Gamble

P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit http://www.pg.com for the latest news and information about P&G and its brands.

About UNCF

UNCF (United Negro College Fund) is the nation’s largest and most effective minority education organization. To serve youth, the community and the nation, UNCF supports students’ education and development through scholarships and other programs, supports and strengthens its 37 member colleges and universities, and advocates for the importance of minority education and college readiness. UNCF institutions and other historically black colleges and universities are highly effective, awarding nearly 20% of African American baccalaureate degrees. UNCF administers more than 400 programs, including scholarship, internship and fellowship, mentoring, summer enrichment, and curriculum and faculty development programs. Today, UNCF supports more than 60,000 students at over 1,100 colleges and universities across the country. Its logo features the UNCF torch of leadership in education and its widely recognized trademark, ‟A mind is a terrible thing to waste.”® Learn more at UNCF.org or for continuous updates and news, follow UNCF on Twitter at @UNCF.

For press inquiries:

Tameka Davis, Marina Maher Communications

[email protected]

212-485-6288

Or

Monique LeNoir

UNCF Communications

[email protected]

202-810-0231

KEYWORDS: United States North America District of Columbia Ohio

INDUSTRY KEYWORDS: Philanthropy Convenience Store Other Philanthropy Other Science Fund Raising Engineering Foundation Science Manufacturing Other Education University Primary/Secondary Other Retail Education Other Consumer Other Technology Supermarket Online Retail Women Specialty Discount/Variety Men Teens Parenting Fashion Family Technology Retail African-American Consumer

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The P&G brands are partnering with CVS and UNCF to award $200,000 in scholarships to Black women pursuing degrees in STEM subjects. (Graphic: Business Wire)
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Cabot Launches New PLASBLAK® XP6801D Black Masterbatch Formulation

Cabot Launches New PLASBLAK® XP6801D Black Masterbatch Formulation

Next generation of black styrene acrylonitrile masterbatch for styrenics applications

BOSTON–(BUSINESS WIRE)–Cabot Corporation (NYSE: CBT), an industry leader in black masterbatch solutions, today announced the launch of PLASBLAK XP6801D black masterbatch,a unique styrene acrylonitrile (SAN)-based formulation that meets the needs of the styrenics market without the usual trade-off between color and mechanical properties. PLASBLAK XP6801D black masterbatch enables excellent color performance, mechanical properties and UV resistance at a lower masterbatch concentration.

Using PLASBLAK XP6801D black masterbatch, customers can:

  • Achieve higher color without sacrificing impact properties
  • Lower masterbatch loading in the final compound offering formulation flexibility to meet stricter customer performance requirements
  • Deliver the same performance with up to 50% less material, reducing handling, transport logistics and associated transportation-related GHG emissions

“We are excited about this breakthrough solution for styrenics applications, which presents clear performance advantages by delivering differentiated technical performance with a lower masterbatch concentration,” said Santiague Pierre, global application lead, masterbatch and conductive compounds. “We believe PLASBLAK XP6801D black masterbatch will help our customers continue to innovate and provide formulation flexibility to meet evolving performance expectations set by original equipment manufacturers.”

Cabot’s PLASBLAK masterbatches are formulated and manufactured to exacting standards to meet application- and polymer-specific needs across a wide range of industries, including automotive, agriculture, infrastructure, packaging and more. To learn more about Cabot’s masterbatch solutions visit cabotcorp.com/masterbatch.

ABOUT CABOT CORPORATION

Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company is a leading provider of carbon black, specialty carbons, activated carbon, elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed silica and aerogel. For more information on Cabot, please visit the company’s website at cabotcorp.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in the press release regarding Cabot’s business that are not historical facts are forward looking statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the Company’s Annual Report on Form 10-K.

MEDIA CONTACT

Erin Anthony, Corporate Communications

[email protected]

+1.617.342.6257

Steve Delahunt, Investor Relations

[email protected]

+1.617.342.6255

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Chemicals/Plastics Automotive Other Automotive Tires & Rubber Manufacturing Other Manufacturing

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Velodyne Lidar Inc. to Participate in Barclays 2020 Global Automotive Conference

Velodyne Lidar Inc. to Participate in Barclays 2020 Global Automotive Conference

SAN JOSE, Calif.–(BUSINESS WIRE)–
Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW), the global leader in lidar technology, announces participation in the Barclays 2020 Global Automotive Conference on Thursday, November 19, 2020. Velodyne’s Chief Executive Officer, Dr. Anand Gopalan, and Chief Financial Officer, Drew Hamer, will present at 3:25 p.m. EST. A live and archived audio webcast of the presentation will be accessible on Velodyne’s investor relations website at investors.velodynelidar.com.

About Velodyne Lidar, Inc.

Velodyne Lidar (NASDAQ: VLDR) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors. Velodyne is the first public pure-play lidar company and is known worldwide for its broad portfolio of breakthrough lidar technologies. Velodyne’s revolutionary sensor and software solutions provide flexibility, quality and performance to meet the needs of a wide range of industries, including autonomous vehicles, advanced driver assistance systems (ADAS), robotics, unmanned aerial vehicles (UAV), smart cities and security. Through continuous innovation, Velodyne strives to transform lives and communities by advancing safer mobility for all. For more information, visit velodynelidar.com.

Media Contact:

Sean Dowdall

[email protected]

Investor Contact:

Andrew Hamer

Chief Financial Officer

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Software Hardware Automotive Technology Automotive Manufacturing General Automotive Performance & Special Interest Manufacturing

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ImageWare® Poised for Growth with Closing of $11.56 Million Private Placement

Restructures Outstanding Capital and Board of Directors

PR Newswire

SAN DIEGO, Nov. 16, 2020 /PRNewswire/ — ImageWare® Systems, Inc. (OTCQB: IWSY), a leader in biometric identification and authentication, today announced that it has closed a $11.56 million private placement of Series D Convertible Preferred Stock. The Company also announced the simultaneous restructuring of certain of its outstanding Preferred Stock and its Board of Directors, leaving Kristin A. Taylor, President and CEO, on the Board and appointing James (Jim) M. Demitrieus and Benjamin (Ben) Smeal effective immediately. Taylor has also been appointed Chair of the Board. 



Kristin A. Taylor


, Chair, President and CEO, said, “With the closing of this financing, my enthusiasm and optimism have reached new heights. For the first time in its long history, ImageWare now has:

  • Updated, ready-to-market product offerings to address a large and growing market 
  • Upgraded its senior management team by recruiting impact players with demonstrated success  
  • Has the capital necessary to execute its business plan 

Series D Preferred
This financing was anchored by funds and accounts managed by Nantahala Capital Management, LLC, based in New Canaan, Connecticut. It also included participants comprised of institutional investors and existing accredited investors. In connection with the financing, the Company amended and restated certain of its issued and outstanding series of Preferred Stock intended to facilitate the financing and to simplify the Company’s capital structure.

Proceeds from the financing will be used for general corporate and working capital purposes.

Further details regarding the financing and restructuring of certain of the Company’s issued and outstanding Preferred Stock is described in the Form 8-K to be filed with the Securities and Exchange Commission by the Company and the information herein is qualified in its entirety by the Current Report on Form 8-K to be filed.

Organizational Restructuring
The closing of the Series D Preferred financing marks the beginning of many proposed pivotal changes intended to increase shareholder value, including:

  • A restructuring of the Company’s Board of Directors, now comprised of Kristin Taylor, Jim Demitrieus and Ben Smeal. Additional members are expected to be appointed in the near term
  • The Company plans to apply to list its Common Stock on the NASDAQ Capital Market and expects to file the listing application in December

New Board Members

  • James M. Demitrieus has served from 2018 to present as Managing Director of Jameson Associates, a specialty investment management and financial advisory firm. Prior to Jameson, he served in multiple positions at Eyelock Corporation beginning in 2009, including Chief Executive Officer from 2010 to 2018. Eyelock Corporation provides iris-based biometric solutions to various business verticals. Prior to Eyelock, Demitrieus served in various senior executive roles, including as President of Sherwood Valve, a division of Harsco Corporation, and as Chief Executive Officer at Aluma Systems. Earlier in his career, Demitrieus served in numerous senior accounting and finance roles, including with the public accounting firm of Arthur Andersen & Co. Demitrieus holds a Bachelor’s in Business Administration from Adelphi University in New York. 
  • Benjamin Smeal most recently served as Associate Director, Public Equities at Willett Advisors, the family office of Michael R. Bloomberg, managing substantially all of Bloomberg’s personal assets in addition to those of Bloomberg Philanthropies. From November 2007 to April 2017, he held the role of Senior Analyst at Kenmare Management, a hedge fund focused on U.S. equities. Smeal holds a Bachelor of Arts in Political Economy from Williams College in Massachusetts, and a Master of Business Administration, with a focus on Value Investing, from Columbia Business School in New York. 

Taylor continued, “Jim brings to ImageWare knowledge and experience in the field of biometrics, in addition to extensive Fortune 1000 plus start up leadership, go-to-market, finance and accounting skills. We look forward to his valuable insights, particularly as we accelerate the monetization our product offerings and intellectual property.

“Ben’s capital market expertise, coupled with his substantial experience working with undervalued companies and his ability to ask difficult questions, will help to guide our efforts and further position us for growth as we progress to deliver on our business plan and continue to build value for our shareholders.” 

Business Outlook
Added Taylor, “With the world quickly evolving to remote work and contactless interactions, the time for biometrics is now. Whether its community banks onboarding new customers, enterprises hiring remote workers, or healthcare facilities checking in patients, only biometrics can provide complete identity assurance in a remote, contactless manner. 

“ImageWare is at the nexus of this new world, providing an open platform that integrates multiple biometrics types across different vendors and hardware platforms – offering the most flexible and cost-efficient solution for organizations to manage biometric identity lifecycles at scale. With our new team and renewed strategy, ImageWare is positioned to execute and will drive these solutions across government, financial, transportation, education, and telecommunications sectors to deliver profit,” Taylor concluded.

About ImageWare® Systems, Inc. 

Founded in 1987, ImageWare provides defense-grade biometric identification and authentication for access to your data, products, services or facilities. We are experts in biometric authentication and considered a preeminent patent holder of multimodal IP, having many of the most-cited patents in the industry. Our patented IWS Biometric Engine® (BE) is the most accurate and fastest biometrics matching engine in the industry, capable of our patented fusion of multiple biometrics. Part of our heritage is in law enforcement having built the first statewide digital booking platform for United States local law enforcement – and more than three decades of experience in the challenging government sector creating biometric smart cards and logical access for millions of individuals. We are a “biometrics first” company, leveraging your unique human characteristics to provide unparalleled accuracy to identify you while protecting your identity. Please visit www.iwsinc.com.

Forward-Looking Statements  
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “if,” “should” and “will” and similar expressions as they relate to ImageWare Systems, Inc. are intended to identify such forward-looking statements. ImageWare may from time to time update publicly announced projections, but it is not obligated to do so. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see “Risk Factors” in ImageWare’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and its other reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.


Media Contact: 


Investor Relations:

Jessica Belair 

Terri MacInnis, VP of IR

ImageWare Systems, Inc. 

Bibicoff + MacInnis, Inc.

(310) 717-0877 

(818) 379-8500 x2



[email protected]
 



[email protected]
  

 

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SOURCE ImageWare Systems, Inc.

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Comstock Holding Companies Reports Third Quarter 2020 Results

WASHINGTON and RESTON, Va., Nov. 16, 2020 (GLOBE NEWSWIRE) — On November 16, 2020, Comstock Holding Companies, Inc., (NASDAQ: CHCI) (the “Company”), announced results for the three and nine months ended September 30, 2020:

Highlights
of
Third
Quarter 2020, as compared to
Third
Quarter 2019
:

  • Net income increased to $0.4 million during the third quarter 2020, as compared to a net loss of $0.6 million during the same period of the prior year.
  • Total revenue increased by 29% to $7.3 million during the third quarter 2020, as compared to $5.7 million during the same period of the prior year.
  • Revenue from asset management operations increased by 24% to $5.9 million during the third quarter 2020, as compared to $4.7 million during the same period of the prior year.
  • Revenue from real estate services increased by 52% to $1.4 million during the third quarter 2020, compared to $0.9 million during the same period of the prior year.
  • Operating income increased by 185% to $0.5 million during the third quarter 2020, as compared to $0.2 million during the same period of the prior year.

Highlights
of
nine months ended September 30,
2020, as compared to
nine months ended September 30, 20
19
:

  • Net income increased to $1.6 million during the nine months ended September 30, 2020, as compared to a net loss of $0.8 million during the same period of the prior year.
  • Total revenue increased by 31% to $20.8 million during the nine months ended September 30, 2020, as compared to $15.9 million during the same period of the prior year.
  • Revenue from asset management operations increased by 16% to $15.5 million during the nine months ended September 30, 2020, as compared to $13.3 million during the same period of the prior year.
  • Revenue from real estate services increased by 106% to $5.3 million during the nine months ended September 30, 2020, as compared to $2.6 million during the same period of the prior year.
  • Operating income increased by 230% to $2.0 million during the nine months ended September 30, 2020, as compared to $0.6 million during the same period of the prior year.

“The growth of Comstock’s top and bottom lines so far this year is the result of the financial stability provided by our long-term asset management agreements, the quality of, and demand for, the properties we develop and manage, and the dedication of our team of commercial real estate professionals” said Chris Clemente, Chairman and CEO of Comstock Holding Companies Inc. “We continue to focus on executing our strategic plan that’s designed to continue expanding assets under management through acquisitions and through the thoughtful development of our mixed-use and transit-oriented pipeline in one of the best real estate markets in the nation. I look forward to reporting on our continued progress in future quarters.”

About Comstock Holding Companies, Inc.

Comstock Holding Companies, Inc. (“Comstock” or “CHCI”) is a leading real estate developer, investor, asset manager and real estate related service provider that has designed, developed, constructed and managed several thousand residential units and millions of square feet of mixed-use projects since 1985. The Company has been selected by multiple local governments to be master developer of municipally owned properties redeveloped through public-private partnerships.  CHCI’s managed portfolio includes two of the largest transit-oriented, mixed-use developments in the Washington, D.C. area; Reston Station, a 5+ million square foot transit-oriented and mixed-use development in Reston, Virginia, and Loudoun Station, a nearly 2.5 million square foot transit-oriented, mixed-use development in Ashburn, Virginia, and additional development and stabilized assets. Comstock also acquires and operates stabilized real estate assets in partnership with institutional investors. 

Comstock Holding Companies, Inc. is publicly traded on NASDAQ under the symbol CHCI. For more information, visit www.ComstockCompanies.com.

Cautionary Statement Regarding Forward-Looking Statements

This release may include “forward-looking” statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by use of words such as “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect,” “will,” “should,” “seeks” or other similar expressions. Forward-looking statements are based largely on our expectations and involve inherent risks and uncertainties, many of which are beyond our control. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements. Additional information concerning important risk factors and uncertainties can be found under the heading “Risk Factors” in our latest Annual Report on Form 10-K, as filed with the Securities and Exchange Commission. Comstock specifically disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

Company:

Comstock Holding Companies, Inc.
Christopher Guthrie, 703-230-1292
Chief Financial Officer

Source: Comstock Holding Companies, Inc.

COMSTOCK HOLDING COMPANIES, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Amounts in thousands, except share and per share data)

  September 30,

2020 		  December 31,

2019
ASSETS      
Current assets:      
Cash and cash equivalents $ 4,491     $ 3,511  
Trade receivables 1,635     1,886  
Trade receivables – related parties 3,016     3,644  
Prepaid and other assets, net 240     274  
Total current assets 9,382     9,315  
       
Equity method investments at fair value 6,965     8,421  
Fixed assets, net 266     278  
Goodwill 1,702     1,702  
Intangible assets, net 53     103  
Operating lease right-of-use assets —     114  
TOTAL ASSETS $ 18,368     $ 19,933  
       
LIABILITIES AND STOCKHOLDERS’ EQUITY      
Current liabilities:      
Accrued personnel costs $ 1,349     $ 2,916  
Accounts payable 307     1,438  
Accrued liabilities 660     166  
Short term notes payable – due to affiliates, net of discount —     5,706  
Short term notes payable 22     77  
Total current liabilities 2,338     10,303  
       
Long term notes payable – due to affiliates 5,500     —  
Long term notes payable – net of deferred financing charges —     1,212  
Long term operating lease liabilities, net of current portion —     61  
TOTAL LIABILITIES $ 7,838     $ 11,576  
       
Commitments and contingencies      
       
STOCKHOLDERS’ EQUITY      
Series C preferred stock $0.01 par value, 20,000,000 shares authorized, 3,440,690 issued and outstanding and liquidation preference of $17,203 at September 30, 2020 and December 31, 2019 $ 6,765     $ 6,765  
Class A common stock, $0.01 par value, 59,779,750 shares authorized, 7,949,152 and 7,849,756 issued, and 7,863,582 and 7,764,186 outstanding at September 30, 2020 and December 31, 2019, respectively 79     78  
Class B common stock, $0.01 par value, 220,250 shares authorized, issued and outstanding at September 30, 2020 and December 31, 2019 2     2  
Additional paid-in capital 199,953     199,372  
Treasury stock, at cost (85,570 shares Class A common stock) (2,662 )   (2,662 )
Accumulated deficit (193,607 )   (195,198 )
TOTAL COMSTOCK HOLDING COMPANIES, INC. EQUITY $ 10,530     $ 8,357  
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 18,368     $ 19,933  

COMSTOCK HOLDING COMPANIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(Amounts in thousands, except per share data)

  Three Months Ended September 30,   Nine Months Ended September 30,
  2020   2019   2020   2019
Revenues              
Revenue—asset management $ 5,891     $ 4,733     $ 15,466     $ 13,326  
Revenue—real estate services 1,439     947     5,294     2,573  
Total revenue 7,330     5,680     20,760     15,899  
Expenses              
Direct costs – asset management 5,066     4,197     12,915     11,804  
Direct costs – real estate services 630     862     3,109     2,265  
General and administrative 1,029     353     2,261     968  
Selling and Marketing 127     100     507     266  
Operating income 478     168     1,968     596  
Other income, net 55     47     92     131  
Interest expense (63 )   (170 )   (320 )   (304 )
Income before income tax expense 470     45     1,740     423  
Income tax expense (1 )   —     (15 )   —  
Loss on equity method investments carried at fair value (46 )   (606 )   (134 )   (606 )
Net income (loss) from continuing operations 423     (561 )   1,591     (183 )
Net loss from discontinued operations, net of tax —     (66 )   —     (596 )
Net income (loss) $ 423     $ (627 )   $ 1,591     $ (779 )
               
Income (loss) per share from continuing operations              
Basic net income (loss) per share $ 0.05     $ (0.07 )   $ 0.20     $ (0.03 )
Diluted net income (loss) per share $ 0.05     $ (0.07 )   $ 0.19     $ (0.03 )
Loss per share from discontinued operations              
Basic net loss per share $ —     $ (0.01 )   $ —     $ (0.10 )
Diluted net loss per share $ —     $ (0.01 )   $ —     $ (0.10 )
               
Basic weighted average shares outstanding 8,078     7,954     8,046     6,159  
Diluted weighted average shares outstanding (continuing operations) 8,579     7,954     8,415     6,159  
Diluted weighted average shares outstanding (discontinued operations) —     7,954     —     6,159  



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Medtronic Completes Acquisition of Medicrea

Acquisition Expands Medtronic’s Artificial Intelligence and Data Capabilities, Becoming the First Company to Offer an Integrated Spine Solution Including AI-Driven Surgical Planning, Personalized Spinal Implants and Robotic Assisted Surgery

PR Newswire

DUBLIN, Nov. 16, 2020 /PRNewswire/ — Medtronic plc (NYSE:MDT), the global leader in medical technology, today announced that it has completed its friendly tender offer for France-based Medicrea International (Euronext Growth Paris: FR0004178572 – ALMED Medicrea; OTCQX Best Market – MRNTF), a pioneer in the transformation of spinal surgery through artificial intelligence (AI), predictive modeling and patient specific implants. On July 15, 2020, the parties announced a friendly voluntary all-cash tender offer at the price of €7.00 per Medicrea share. As a result of completion of the tender offer, Medtronic currently owns in excess of 90% of Medicrea’s share capital and voting rights and will shortly request the implementation of a squeeze-out procedure under French law, which will result in Medicrea becoming a wholly-owned subsidiary of Medtronic.

This is Medtronic’s seventh acquisition completed in 2020 and furthers Medtronic’s strategic expansion into AI, machine learning and predictive analytics.

Medicrea’s product portfolio consists of 30+ 510(k) cleared or CE Marked implant technologies, utilized in spinal surgeries for adult deformity, pediatric deformity and degenerative disease. The Medicrea solution is powered by predictive modeling and sophisticated algorithms that measure and digitally reconstruct a patient’s spine to its optimal profile. The UNiD™ ASI (Adaptive Spine Intelligence) platform has seen rapid growth this year despite elective surgery restrictions resulting from COVID-19. By acquiring Medicrea, Medtronic will become the leader in personalized implants and AI-driven planning and prediction capabilities – setting a foundation for the future of individualized patient care.

“We have entered the age of augmented intelligence in spinal surgery at the point of care,” said Christopher Ames, M.D., director of spinal tumor and spinal deformity surgery at UCSF Medical Center in California. “Through the power of predictive models, data collection and machine learning, a unique capability is created, allowing for a continuous cycle of improvement. Physicians will have augmented eyes through surgical navigation, augmented hands with robotics, and most importantly, augmented intelligence through full integration with machine intelligence impacting all aspects of the care pathway. This type of technology will likely lead to safer procedures and more reliable outcomes while preventing costly revision surgery. It is rewarding to see the spine industry fully embracing these new capabilities and investing in the future.”

Spine surgery is one of the more complex procedures in healthcare because of the high number of different parameters that must be taken into consideration. In conventional spine surgery, surgeons manually bend spine rods in the operating room and there can be large variability in outcomes. The UNiD ASI platform uses a database of over 6,000 surgical cases to power algorithms that visualize multiple permutations, allowing surgeons to better understand their patients alignment before surgery, customize a surgical plan and use a personalized rod bent in the optimal plane to help ensure the goals of the surgery are achieved.

“By offering clinicians one of the most innovative, ground-breaking technologies, Medtronic is redefining spine procedures to help reduce variability and improve outcomes, with the ultimate goal of restoring long-term quality of life for more patients,” said Jacob Paul, president of the Cranial & Spinal Technologies operating unit at Medtronic. “Medtronic now becomes the first company to be able to offer an integrated solution including artificial intelligence driven surgical planning, personalized spinal implants and robotic assisted surgical delivery, which puts the power of these smart technologies directly into the hands of clinicians to make patient care more tailored and personalized.”

The acquisition builds on an exciting phase of innovation and growth for Spine at Medtronic with the acquisition of Mazor Robotics in 2018, Titan Spine last year, the recent launch of the Adaptix™ Interbody System, and recently cleared innovative new capabilities on Mazor robotics products.


About Medtronic

Medtronic plc (www.medtronic.com), headquartered in Dublin, Ireland, is among the world’s largest medical technology, services, and solutions companies – alleviating pain, restoring health, and extending life for millions of people around the world. Medtronic employs more than 90,000 people worldwide, serving physicians, hospitals, and patients in more than 150 countries. The company is focused on collaborating with stakeholders around the world to take healthcare Further, Together.

Any forward-looking statements, including, but not limited to, statements regarding the transaction, strategic and other potential benefits of the transaction, Medicrea’s products and product candidates, and other statements about Medtronic or Medicrea managements’ future expectations, beliefs, goals, plans or prospects, are subject to risks and uncertainties including, but not limited to, the impact of the announcement of closing of the transaction on the business, and other risks and uncertainties such as those described in Medtronic’s periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results. Medtronic and Medicrea caution investors not to place considerable reliance on the forward-looking statements contained in this press release. These forward-looking statements speak only as of the date of this press release, and Medtronic and Medicrea undertake no obligation to update or revise any of these statements except to the extent required by law.


Contacts:

David T. Young

Ryan Weispfenning

Public Relations

Investor Relations

+1-774-284-2746

+1-763-505-4626

 

 

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SOURCE Medtronic plc