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SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of TNAV, ALSK, EIGI, and DNKN Buyouts

WILMINGTON, Del., Nov. 13, 2020 (GLOBE NEWSWIRE) — Rigrodsky & Long, P.A. announces that it is investigating:

Telenav
,
Inc. (N
ASDAQ GS:

TNAV

) regarding possible breaches of fiduciary duties and other violations of law related to Telenav’s agreement to be acquired by V99, Inc. Under the terms of the agreement Telenav’s shareholders will receive $4.80 in cash per share. To learn more about this investigation and your rights, visit: https://www.rigrodskylong.com/cases-telenav-inc.

Alaska Communications Systems Group, Inc
. (NASDAQ G
S:

ALSK

) regarding possible breaches of fiduciary duties and other violations of law related to Alaska Communications’ agreement to be acquired by affiliates of GCM Grosvenor. Under the terms of the agreement, Alaska Communications’ shareholders will receive $3.00 in cash per share. To learn more about this investigation and your rights, visit: https://www.rigrodskylong.com/cases-alaska-communications-systems-group-inc.

Endurance International Group Holdings, Inc
. (N
ASDAQ GS:

EIGI

) regarding possible breaches of fiduciary duties and other violations of law related to Endurance International’s agreement to be acquired by affiliates of Clearlake Capital Group L.P. Under the terms of the agreement, Endurance International’s shareholders will receive $9.50 in cash per share. To learn more about this investigation and your rights, visit: https://www.rigrodskylong.com/cases-endurance-international-group-holdings-inc.

Dunkin’ Brands Group
, Inc. (NASDAQ GS
:

DNKN

) regarding possible breaches of fiduciary duties and other violations of law related to Dunkin’ Brands’ agreement to be acquired by Inspire Brands, Inc. Under the terms of the agreement, Dunkin’ Brands’ shareholders will $106.50 in cash per share. To learn more about this investigation and your rights, visit: https://www.rigrodskylong.com/cases-dunkin-brands-group-inc.

You may also contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or [email protected].

Rigrodsky & Long, P.A., with offices in Delaware and New York, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in securities fraud and corporate class actions nationwide.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT:         

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242 (Toll Free)
(302) 295-5310
Fax: (302) 654-7530
[email protected]
https://rl-legal.com



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Bluedrop Amongst Firsts for Technology Leadership Accelerated Ocean Solutions Project With Its State-of-the-Art Hoist Mission Training System

Bluedrop Amongst Firsts for Technology Leadership Accelerated Ocean Solutions Project With Its State-of-the-Art Hoist Mission Training System

ST. JOHN’S, Newfoundland and Labrador–(BUSINESS WIRE)–BPLI Holdings (TSX-V: BPLI) and its subsidiary Bluedrop Training & Simulation (“Bluedrop”) are pleased to announce that it has signed a Technology Leadership Project Agreement as part of the Canadian Ocean Supercluster’s Accelerated Ocean Solutions Project to deliver its innovative Hoist Mission Training System (HMTS) for full crew Search and Rescue (SAR) helicopter mission simulation over marine environment.

This project will deliver a new device and capability to train SAR operators under realistic mission scenarios including turbulent flow zones, sea state, complex ship and offshore installation geometries and rescue rafts while simulating the full array of east coast Canada and arctic harsh environmental conditions.

With a total project value of $2,058,616, the Ocean Supercluster will provide $1,029,308 in funding for the project with the balance in funding coming from industry. The Marine SAR Helicopter Mission Simulation Project is led by Bluedrop Training and Simulation partnered with Cougar Helicopters and the Marine Institute of Memorial University of Newfoundland to offer the new hoist simulator training for all SAR operators requiring specialized training in marine, offshore oil and gas, arctic and general harsh ocean operating environments.

With nearly seventy per cent of search and rescue occurring in marine environments, this project will directly increase the safety of personnel working in ocean sectors and improve the quality of decision making and operational intelligence of real-time marine operations. This will represent the first training device to provide realistic simulation of performing a hoist over oceans, various support vessels and offshore platforms, using state of the art virtual simulation that leverages data analytics and Artificial Intelligence to provide best in class, real-time feedback and adaptive learning for ocean rescue activity with global applications.

Canada’s Ocean Supercluster is an industry-led transformative cluster focused on tackling the shared challenges across ocean sectors through a collaborative program designed to accelerate the development and commercialization of globally-relevant solutions, while also building a highly-capable, inclusive workforce. To encourage innovation and trigger new industry investment during these challenging times, the Ocean Supercluster supplemented its core programs with an additional project stream called Accelerated Ocean Solutions Program (AOSP). This enables the development of smaller projects on a shorter timeline that deliver tangible outcomes, while continuing to build resiliency in our ocean sectors.

“I am thrilled to see Canada’s Ocean Supercluster building such momentum, adding three new and highly-innovative projects to its Accelerated Ocean Solutions Program. By investing in Made-in-Canada technologies and solutions, like the Marine SAR Helicopter Mission Simulation Project, Superclusters are energizing the ocean sector ecosystem, which is really exciting for Canada. This kind of cross-sector collaboration is what will make the difference in pushing Canada further in the ocean technology market.”The Honourable Navdeep Bains, Minister of Innovation, Science, and Industry

“By working together, Bluedrop Training and Simulation, Cougar Helicopters, and the Marine Institute of Memorial University of Newfoundland will develop and commercialize the first device to leverage data analytics and Artificial Intelligence in the delivery of realistic and adaptive training for marine search and rescue teams. We are excited to see our members come together to collaborate and solve shared ocean challenges.” Kendra MacDonald, CEO, Canada’s Ocean Supercluster

‘The project will enable Bluedrop to offer a new Sikorski S92 Hoist Mission Training Simulator (HMTS) for all SAR operators requiring specialization in arctic, offshore and marine operations. The expertise of each team member will provide a new training service and will guarantee quality training and state-of-the-art virtual simulation technology to meet this operational requirement.” Derrick Rowe, CEO of Bluedrop Training & Simulation.

“The HMTS will be installed at Cougar Helicopter’s facility in St. John’s, where Cougar’s team of professionals provide 24/7/365 SAR capabilities to its offshore oil and gas clients using a dedicated and specially configured Sikorsky S92 helicopter. Cougar’s operational experts will help define new training qualification and safety standards.” Hank Williams, COO of Cougar Helicopters

“The graduate students and postdocs from Memorial University of Newfoundland who will be contributing to this project will have the unique opportunity to benefit from industry collaboration experience. Students will be primarily housed in the Ocean Safety Lab at the Marine Institute of Memorial Universityof Newfoundland. A diversity of students are actively being recruited including qualified female, aboriginal and ethnically diverse candidates.” Dr. Heather Carnahan, MI, School of Maritime Studies.

About Bluedrop Training & Simulation

Bluedrop Training & Simulation designs and develops advanced training systems and state-of-the-art simulation products to safely train operators and maintainers of complex equipment. Our approach leverages innovative technology to provide cost-effective blended-media training content, from classroom instruction and computer-based training (CBT) through to high-fidelity training devices. Bluedrop Training & Simulation is a small to medium-sized enterprise (SME) providing a strong value proposition offering 100% Canadian designed and developed solutions.

For more information about Bluedrop Training & Simulation, visit www.bluedropts.com

About BPLI Holdings Inc.

BPLI Holdings Inc. (TSX-V: BPLI) is the holding company for its investments in Bluedrop Training and Simulation and Bluedrop Learning Networks. Our companies are innovators in both the development of workplace e-learning and simulation as well as the way large organizations deliver, track and manage training. Our two divisions serve the world’s leading aerospace and defence organizations as well as broad cross sections of organizations focused on managing system wide health and safety and developing the skills of external workforces. BPLI is creating the workforce of the future by improving the effectiveness, speed and cost of training delivery and management. For more information, visit www.bpli.ca. You can follow us on Twitter: @Bluedrop_BPL.

This news release may contain “forward-looking information” as defined in applicable Canadian securities legislation. All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding the impact of the operational restructuring and future plans and objectives of the Corporation, constitute forward-looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the operational efficiencies associated with the integration of technological and financial systems and general economic and market conditions. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.

Important factors that could cause actual results to differ materially from BPLI’s expectations include general global economic conditions, including but limited to, the ongoing COVID-19 pandemic. For additional information with respect to risk factors applicable to BPLI, reference should be made to BPLI’s continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, BPLI’s Management’s Discussion and Analysis of Results of Operations and Financial Condition for the quarter ended June 30, 2020. The forward-looking information contained in this release is made as of the date of this release and BPLI does not undertake to update publicly or revise the forward-looking information contained in this release, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

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

Bernie Beckett

Treasurer & Corporate Secretary

BPLI Holdings Inc.

[email protected]

Phone: 709-739-4938

KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Education Technology Mobile/Wireless Software Other Education Continuing Internet

MEDIA:

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LSB Industries to Participate in Sidoti Virtual Microcap Conference on Thursday, November 19th

LSB Industries to Participate in Sidoti Virtual Microcap Conference on Thursday, November 19th

OKLAHOMA CITY–(BUSINESS WIRE)–
LSB Industries, Inc. (“LSB”), (NYSE: LXU), today announced that its Executive Vice President & CFO, Cheryl Maguire will participate in a fireside chat during the Sidoti Virtual Microcap Conference on Thursday, November 19, 2020 at 1:00 pm ET.

Ms. Maguire will be available for one-on-one meetings all day. To schedule a meeting please contact your Sidoti institutional sales representative or Fred Buonocore at [email protected].

A live webcast of the fireside chat will be available in the Investors section of the Company’s website, and at https://sidoti.zoom.us/webinar/register/WN_w86QU1JjSKiGXOLfzkUGNA . An archived recording of this will also be available following the live webcast in the investor relations section of the company’s website at www.lsbindustries.com.

About LSB Industries, Inc.

LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets. The Company owns and operates facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma, and operates a facility for a global chemical company in Baytown, Texas. LSB’s products are sold through distributors and directly to end customers throughout the United States. Additional information about the Company can be found on its website at www.lsbindustries.com.

LSB Contact:

Mark Behrman, President & CEO

Cheryl Maguire, Executive Vice President & CFO

(405) 235-4546

Investor Relations Contact:

Fred Buonocore, CFA (212) 836-9607

Michael Gaudreau (212) 836-9620

The Equity Group Inc.

KEYWORDS: United States North America Oklahoma

INDUSTRY KEYWORDS: Commercial Building & Real Estate Agriculture Construction & Property Natural Resources Engineering Chemicals/Plastics Other Construction & Property Manufacturing

MEDIA:

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Heritage to Participate in Virtual Investor Conferences

PR Newswire

CLEARWATER, Fla., Nov. 13, 2020 /PRNewswire/ — Heritage Insurance Holdings, Inc. (NYSE: HRTG) (“Heritage” or the “Company”), a super-regional property and casualty insurance holding company, announced today that Arash Soleimani, Executive Vice President, will participate in the Southwest IDEAS and Sidoti & Company virtual investor conferences on Wednesday, November 18th, 2020 and Thursday, November 19th, 2020, respectively.

Financial information, including material announcements about Heritage, is routinely posted on investors.heritagepci.com.


About Heritage

Heritage Insurance Holdings, Inc. is a super-regional property and casualty insurance holding company. Through its insurance subsidiaries and a large network of experienced agents, the Company writes over $1 billion of gross personal and commercial residential premium across its multi-state footprint.

HRTG Investor Contact:

Arash Soleimani, CFA, CPA
Executive Vice President
727.871.0206
Email: [email protected]

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/heritage-to-participate-in-virtual-investor-conferences-301172878.html

SOURCE Heritage Insurance Holdings, Inc.

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During Utility Scam Awareness Week and the Ongoing Impacts of the COVID-19 Pandemic, PG&E Urges Customers to Protect Themselves Against Scammers

During Utility Scam Awareness Week and the Ongoing Impacts of the COVID-19 Pandemic, PG&E Urges Customers to Protect Themselves Against Scammers

SAN FRANCISCO–(BUSINESS WIRE)–
Every day, electric and natural gas customers throughout the country are being targeted by utility scams. These imposters typically target customers online, in-person and by telephone. And, this year is even worse due to the ongoing financial impacts of the COVID-19 pandemic. PG&E is taking a stand against scammers by joining its fellow electric, natural gas, water utilities and Utilities United Against Scams (UUAS) in helping customers recognize potential bad actors during Utility Scam Awareness Week from November 16-23, 2020.

UUAS, a consortium of more than 145 U.S. and Canadian electric, water, and natural gas utilities and their respective trade associations, continues to create awareness of common scams and new scam tactics being used during the COVID-19 pandemic. Through its work, UUAS has succeeded in taking nearly 9,500 toll-free numbers used by scammers against utility customers out of operation.

“Scammers are constantly changing their tactics and tricks, so awareness is more important than ever to keep our customers safe,” said Laurie Giammona, PG&E’s chief customer officer. “If an email, visit to your home or phone call doesn’t feel right, don’t fall for it. Delete it, shut the door or hang up. And, as a reminder, PG&E will never ask for your financial information over the phone or via email.”

Throughout the COVID-19 pandemic, scammers have increased calls, texts, emails, and in-person tactics and are constantly contacting utility customers asking for immediate payment to avoid service disconnection. As a reminder, PG&E will never contact a customer for the first time within one hour of a service disconnection, and will never ask customers to make payments with a pre-paid debit card, gift card, any form of cryptocurrency, or third-party digital payment mobile applications.

“It is no surprise that scammers have been trying to take advantage of the anxiety of people coping with the pandemic,” said UUAS Founder and Executive Committee Chairman Jared Lawrence. “I am proud to report that UUAS’ education efforts and utilities’ well-publicized practices have prevented a large increase in victims. However, the continuing attempts by these criminals make it clear that we must continue to work to protect our customers.”

Scammers can be convincing and often target those who are most vulnerable, including senior citizens and low-income communities. They also aim their scams at small business owners during busy customer service hours. However, with the right information, customers can learn to detect and report these predatory scams.

Signs of a potential scam

  • Threat to disconnect: Scammers may aggressively demand immediate payment for an alleged past due bill.
  • Request for immediate payment: Scammers may instruct the customer to purchase a prepaid card then call them back supposedly to make a bill payment.
  • Request for prepaid card: When the customer calls back, the caller asks the customer for the prepaid card’s number, which grants the scammer instant access to the card’s funds.
  • Refund or rebate offers: Scammers may say that your utility company overbilled you and owes you a refund, or that you are entitled to a rebate.

How customers can protect themselves

Customers should never purchase a prepaid card to avoid service disconnection or shutoff. PG&E does not specify how customers should make a bill payment and offers a variety of ways to pay a bill, including accepting payments online, by phone, automatic bank draft, mail or in person at an authorized PG&E neighborhood payment center.

If a scammer threatens immediate disconnection or shutoff of service without prior notification, customers should hang up the phone, delete the email, or shut the door. Customers with delinquent accounts receive an advance disconnection notification, typically by mail and included with their regular monthly bill.

Signing up for an online account at pge.com is another safeguard. Not only can customers log in to check their balance and payment history, they can sign up for recurring payments, paperless billing and helpful alerts.

Scammers getting even “trickier”: Scammers are now able to create authentic-looking 800 numbers which appear on your phone display. The numbers don’t lead back to PG&E if called back, however, so if you have doubts, hang up and call PG&E at 1-800-743-5000. If customers ever feel that they are in physical danger, they should call 911.

Customers who suspect that they have been victims of fraud, or who feel threatened during contact with one of these scammers, should contact local law enforcement. The Federal Trade Commission’s website is also a good source of information about how to protect personal information.

UUAS is dedicated to combating impostor utility scams by providing a forum for utilities and trade associations to share data and best practices, in addition to working together to implement initiatives to inform and protect customers.

For more information about scams, visit www.pge.com and www.utilitiesunited.org.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy company in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation’s cleanest energy to 16 million people in Northern and Central California. For more information, visit www.pge.com/ and http://www.pge.com/about/newsroom/.

MEDIA RELATIONS:

415-973-5930

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Other Energy Women Utilities Seniors Oil/Gas Men Energy Consumer

MEDIA:

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Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend

PR Newswire

CINCINNATI, Nov. 13, 2020 /PRNewswire/ — Cincinnati Financial Corporation (Nasdaq: CINF) announced that, at today’s regular meeting, the board of directors declared a 60-cents-per-share regular quarterly cash dividend. The dividend is payable January 15, 2021, to shareholders of record as of December 16, 2020.

Steven J. Johnston, chairman, president and chief executive officer, commented: “Regular dividends are the company’s primary method of returning capital to shareholders. We continue to see positive trends in our core insurance business, reflecting the strength of our agency relationships and demonstrating our associates’ steady dedication to executing on our strategy. Combining those positive trends with the company’s outstanding financial strength supports rewarding shareholders now, and in the future.”

About Cincinnati Financial

Cincinnati Financial Corporation offers primarily business, home and auto insurance through The Cincinnati Insurance Company and its two standard market property casualty companies. The same local independent insurance agencies that market those policies may offer products of our other subsidiaries, including life insurance, fixed annuities and surplus lines property and casualty insurance. For additional information about the company, please visit cinfin.com.

Mailing Address:

Street Address:

P.O. Box 145496

6200 South Gilmore Road

Cincinnati, Ohio 45250-5496

Fairfield, Ohio 45014-5141

Safe Harbor Statement

This is our “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995. Our business is subject to certain risks and uncertainties that may cause actual results to differ materially from those suggested by the forward-looking statements in this report. Some of those risks and uncertainties are discussed in our 2019 Annual Report on Form 10-K, Item 1A, Risk Factors, Page 35 and Item 1A, Risk Factors in our subsequent Quarterly Reports on Form 10-Q.

Factors that could cause or contribute to such differences include, but are not limited to:

  • Effects of the COVID-19 pandemic that could affect results for reasons such as: 
    • Securities market disruption or volatility and related effects such as decreased economic activity that affect the company’s investment portfolio and book value
    • An unusually high level of claims in our insurance or reinsurance operations that increase litigation-related expenses
    • An unusually high level of insurance losses, including risk of legislation or court decisions extending business interruption insurance in commercial property coverage forms to cover claims for pure economic loss related to the COVID-19 pandemic
    • Decreased premium revenue and cash flow from disruption to our distribution channel of independent agents, consumer self-isolation, travel limitations, business restrictions and decreased economic activity
    • Inability of our workforce, agencies or vendors to perform necessary business functions
  • Unusually high levels of catastrophe losses due to risk concentrations, changes in weather patterns, environmental events, terrorism incidents or other causes
  • Increased frequency and/or severity of claims or development of claims that are unforeseen at the time of policy issuance
  • Inadequate estimates, assumptions or reliance on third-party data used for critical accounting estimates
  • Declines in overall stock market values negatively affecting the company’s equity portfolio and book value
  • Prolonged low interest rate environment or other factors that limit the company’s ability to generate growth in investment income or interest rate fluctuations that result in declining values of fixed-maturity investments, including declines in accounts in which we hold bank-owned life insurance contract assets
  • Domestic and global events resulting in capital market or credit market uncertainty, followed by prolonged periods of economic instability or recession, that lead to:
    • Significant or prolonged decline in the fair value of a particular security or group of securities and impairment of the asset(s)
    • Significant decline in investment income due to reduced or eliminated dividend payouts from a particular security or group of securities
    • Significant rise in losses from surety and director and officer policies written for financial institutions or other insured entities
  • Our inability to integrate Cincinnati Global and its subsidiaries into our on-going operations, or disruptions to our on-going operations due to such integration
  • Recession or other economic conditions resulting in lower demand for insurance products or increased payment delinquencies
  • Difficulties with technology or data security breaches, including cyberattacks, that could negatively affect our ability to conduct business; disrupt our relationships with agents, policyholders and others; cause reputational damage, mitigation expenses and data loss and expose us to liability under federal and state laws
  • Disruption of the insurance market caused by technology innovations such as driverless cars that could decrease consumer demand for insurance products
  • Delays, inadequate data developed internally or from third parties, or performance inadequacies from ongoing development and implementation of underwriting and pricing methods, including telematics and other usage-based insurance methods, or technology projects and enhancements expected to increase our pricing accuracy, underwriting profit and competitiveness
  • Increased competition that could result in a significant reduction in the company’s premium volume
  • Changing consumer insurance-buying habits and consolidation of independent insurance agencies that could alter our competitive advantages
  • Inability to obtain adequate ceded reinsurance on acceptable terms, amount of reinsurance coverage purchased, financial strength of reinsurers and the potential for nonpayment or delay in payment by reinsurers
  • Inability to defer policy acquisition costs for any business segment if pricing and loss trends would lead management to conclude that segment could not achieve sustainable profitability
  • Inability of our subsidiaries to pay dividends consistent with current or past levels
  • Events or conditions that could weaken or harm the company’s relationships with its independent agencies and hamper opportunities to add new agencies, resulting in limitations on the company’s opportunities for growth, such as:
    • Downgrades of the company’s financial strength ratings
    • Concerns that doing business with the company is too difficult
    • Perceptions that the company’s level of service, particularly claims service, is no longer a distinguishing characteristic in the marketplace
    • Inability or unwillingness to nimbly develop and introduce coverage product updates and innovations that our competitors offer and consumers expect to find in the marketplace
  • Actions of insurance departments, state attorneys general or other regulatory agencies, including a change to a federal system of regulation from a state-based system, that:
    • Impose new obligations on us that increase our expenses or change the assumptions underlying our critical accounting estimates
    • Place the insurance industry under greater regulatory scrutiny or result in new statutes, rules and regulations
    • Restrict our ability to exit or reduce writings of unprofitable coverages or lines of business
    • Add assessments for guaranty funds, other insurance–related assessments or mandatory reinsurance arrangements; or that impair our ability to recover such assessments through future surcharges or other rate changes
    • Increase our provision for federal income taxes due to changes in tax law
    • Increase our other expenses
    • Limit our ability to set fair, adequate and reasonable rates
    • Place us at a disadvantage in the marketplace
    • Restrict our ability to execute our business model, including the way we compensate agents
  • Adverse outcomes from litigation or administrative proceedings
  • Events or actions, including unauthorized intentional circumvention of controls, that reduce the company’s future ability to maintain effective internal control over financial reporting under the Sarbanes-Oxley Act of 2002
  • Unforeseen departure of certain executive officers or other key employees due to retirement, health or other causes that could interrupt progress toward important strategic goals or diminish the effectiveness of certain longstanding relationships with insurance agents and others
  • Events, such as an epidemic, natural catastrophe or terrorism, that could hamper our ability to assemble our workforce at our headquarters location

Further, the company’s insurance businesses are subject to the effects of changing social, global, economic and regulatory environments. Public and regulatory initiatives have included efforts to adversely influence and restrict premium rates, restrict the ability to cancel policies, impose underwriting standards and expand overall regulation. The company also is subject to public and regulatory initiatives that can affect the market value for its common stock, such as measures affecting corporate financial reporting and governance. The ultimate changes and eventual effects, if any, of these initiatives are uncertain.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/cincinnati-financial-corporation-declares-regular-quarterly-cash-dividend-301172869.html

SOURCE Cincinnati Financial Corporation

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OXE Marine AB distributor Diesel Outboards LLC confirmes order for more than 50 OXE300 from US government for deployment in Central America

PR Newswire

STOCKHOLM, Nov. 10, 2020 /PRNewswire/ — OXE Marine AB (the Company) distributor, Diesel Outboards LLC, announced today that Spartan Corporation a premier Dealer for Diesel Outboards LLC has been awarded a US Government multiyear contract to outfit and support operations in Central America.

The initial order received is for fifty (50) OXE300 and has been received and accepted from Spartan Corporation (a premium dealer for Diesel Outboards LLC). Spartan will also supply the full life cycle support, logistical support and maintenance within the contracted operational area in Central America as part of the parts/service/spares solutions.

Spartan Corp is answering the US government call to support interdiction operations in Central America to stem the tide of illicit operations in the region. This undertaking demands dependable and powerful engines to meet the requirements of peacekeepers. Spartan Corp has chosen the OXE Diesel outboards to provide engines to meet the challenges of this austere environment to ensure the success of this critical work.

“We are honored and thrilled to focus our experienced team on building a flagship sales and service operation as new OXE Diesel Dealers as part of the Diesel Outboards family in the Tampa Bay Area. Our team is ready to support the Government, Commercial, and private customers in the region.” Jess Loban Founder / CEO of Spartan Corp.

The OXE Diesel is designed and built for commercial users. Endurance, reliability, power and control is key. The world’s first commercial diesel outboard, the OXE Diesel combines, the reliability and endurance of marine inboards with the flexibility and agility of outboard engines, offering unprecedented efficiency, range and torque.

The OXE300 is the latest edition in the diesel outboard family from OXE Marine AB. The OXE300 is a bi-turbo configuration that provides its full 680Nm of torque at the crankshaft already at 1750rpm, at 1000rpm the engine provides over 500Nm at the crankshaft. These torque numbers provide end users with massive bollard pulling power as well as fast whole shot acceleration.

Spartan recently established a new facility to sell and service OXE Diesel outboards engines in St. Petersburg FL. They will be a fully stocked dealer offering technical and service support to the surrounding areas.

Diesel Outboards LLC, a division of the Outdoor Network. Outdoor Network LLC, are a premiere dealer and distributor powerhouse with one goal in mind: to get the user equipped with OEM equipment and parts and keep them running at the best pricing available, whether they need a completely new machine or just the parts in the fastest and efficient time possible. They service both retail and commercial accounts in over 120 countries.

Certified Adviser

FNCA Sweden AB is Certified Adviser for OXE Marine AB (publ). Contact details to FNCA Sweden AB: tel. +46 8 528 00 399, e-mail [email protected].

For further information, please contact:

Myron Mahendra, CEO, [email protected], +46 76 347 59 82
Anders Berg, Chairman, [email protected], +46 70 358 91 55

About OXE Marine AB

OXE Marine AB (publ) (NASDAQ STO: OXE, OTCQX: CMMCF) has, after several years of development, constructed the OXE Diesel, the world’s first diesel outboard engine in the high-power segment. The Company’s unique patented engine-to-propulsion power transmission solutions have led to high demand for the Company’s engines worldwide. 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/oxe-marine-ab/r/oxe-marine-ab-distributor-diesel-outboards-llc-confirmes-order-for-more-than-50-oxe300-from-us-gover,c3234430

The following files are available for download:


https://mb.cision.com/Main/16067/3234430/1333034.pdf

OXE Marine AB distributor Diesel Outboards LLC confirm order from US government for deployment in Central America


https://news.cision.com/oxe-marine-ab/i/oxe-back-free,c2848277

OXE back free

SOURCE OXE Marine AB

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Serena Ryder, The Trews to headline star-studded CP ‘Holiday Train at Home’ concert; Holiday Train approaches $20 million raised

PR Newswire

CALGARY, AB, Nov. 13, 2020 /PRNewswire/ – Serena Ryder and The Trews will headline CP’s 2020 “Holiday Train at Home” concert, which will stream on CP’s Facebook page on Dec. 12. The event will raise money and awareness and help local food banks collect much-needed donations.

The Dec. 12 concert, scheduled for 6 p.m. MT/8 p.m. ET, will also feature performances by JoJo Mason, Logan Staats and Kelly Prescott. CP Holiday Train fans will be able to view the concert by visiting facebook.com/canadian.pacific at the show’s start time. An archived version of the show will remain on the page for later viewing.

“For more than two decades, the CP family has supported Canadians and Americans in need through the CP Holiday Train program,” said CP President and CEO Keith Creel. “In a year full of challenge and loss, we will host this concert as a call to action for the train’s supporters to donate generously if they can this Christmas season. The spirit of the Holiday Train will come alive even though the train itself will not operate due to the COVID-19 pandemic.”

CP will donate $1.24 million this year to 201 food banks in communities that ordinarily host CP Holiday Train events. In a normal year, CP calls on attendees at local shows to make a cash or non-perishable food donation. With the “Holiday Train at Home” concert, CP hopes to inspire donations from across North America even though local shows won’t occur. Viewers seeking to donate will be directed to Food Banks Canada and Feeding America, the national organizations that support community food banks in their respective countries. Viewers are also encouraged to give to their local food bank.

“I’m so excited to be part of the virtual CP Holiday Train this year, helping raise awareness and funds for local food banks in this time of extraordinary need,” headliner Serena Ryder said. “Watch the concert on Dec. 12, and if you can, please give a little bit to support those in need!”

CP’s 2020 corporate donation will bring the total amount of money raised at CP Holiday Train stops to $19.05 million since the train’s inception in 1999. Food banks have also collected 4.8 million pounds of food donations at local Holiday Train events.

About Canadian Pacific
Canadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of CP.

Cision View original content:http://www.prnewswire.com/news-releases/serena-ryder-the-trews-to-headline-star-studded-cp-holiday-train-at-home-concert-holiday-train-approaches-20-million-raised-301172450.html

SOURCE Canadian Pacific

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Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Credit Acceptance Corporation (CACC)

PR Newswire

LOS ANGELES, Nov. 13, 2020 /PRNewswire/ — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming December 1, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Credit Acceptance Corporation (“Credit Acceptance” or the “Company”) (NASDAQ: CACC) common stock between November 1, 2019 and August 28, 2020, inclusive (the “Class Period”).

If you suffered a loss on your Credit Acceptance investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/credit-acceptance-corporation/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, via email [email protected] or visit our website at www.glancylaw.com to learn more about your rights.   

On Friday, August 28, 2020, the Massachusetts Attorney General (“AG”) filed a complaint against Credit Acceptance alleging that the Company made unfair and deceptive auto loans to consumers and engaged in unfair debt collection practices. Among other things, the complaint alleged that, since 2013, Credit Acceptance topped off the pools of loans that it packaged and securitized with higher risk loans. It further alleged that Credit Acceptance made high interest subprime auto loans that the Company knew borrowers would be unable to pay, thereby ignoring the likelihood that the borrowers would default on their loans.

On Monday, August 31, 2020, the Massachusetts AG issued a press release announcing the lawsuit and stating that the Company’s “unaffordable and illegal loans” caused borrowers “to fall into thousands of dollars of debt and even lose their vehicles.”

On this news, the Company’s share price fell $85.36, or 18%, to close at $374.07 per share on September 1, 2020, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company was topping off the pools of loans that they packaged and securitized with higher-risk loans; (2) that the Company was making high interest subprime auto loans to borrowers that the Company knew borrowers would be unable to repay; (3) that the borrowers were subject to hidden finance charges, resulting in loans exceeding the usury rate ceiling mandated by state law; (4) that the Company took excessive and illegal measures to collect debt from defaulted borrowers; (5) that, as a result, the Company was likely to face regulatory scrutiny and possible penalties from various regulators or lawsuits; and (6) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.  

Follow us for updates on LinkedIn, Twitter, or Facebook.

If you purchased or otherwise acquired Credit Acceptance common stock during the Class Period, you may move the Court no later than December 1, 2020 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.  

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/glancy-prongay–murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-credit-acceptance-corporation-cacc-301172546.html

SOURCE Glancy Prongay & Murray LLP

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Cummins Closes on NPROXX Joint Venture for Hydrogen Storage

Cummins Closes on NPROXX Joint Venture for Hydrogen Storage

COLUMBUS, Ind.–(BUSINESS WIRE)–
Cummins Inc. (NYSE: CMI) today announced that it closed on the previously announced NPROXX joint venture with ETC for hydrogen storage tanks.

“NPROXX’s leading hydrogen storage products are an exciting complement to our broad and differentiated hydrogen portfolio,” said Amy Davis, Vice President and President, New Power at Cummins Inc. “Many companies aspire to shape tomorrow’s hydrogen economy, but very few have all of the elements required. We are excited to bring together Cummins’ 100 years of experience in launching new products, partnerships and customer support with NPROXX’s innovative hydrogen storage tank solutions.”

The joint venture will provide customers with hydrogen products for both on-highway and rail applications. Leveraging more than 40 years of centrifuge technology from ETC, NPROXX has been supplying carbon fiber tanks for more than two years with products in bus, truck, train and other on-highway applications.

“We admire Cummins’ scale advantage, global reach and deep understanding of their customers, and our teams are united in our shared commitment to unlock the potential of hydrogen,” said Rainer vor dem Esche, Managing Director, NPROXX. “Together, we can provide unique and reliable hydrogen storage options that will accelerate the availability of hydrogen solutions for our customers.”

NPROXX’s type 4 hydrogen pressure vessels are equipped to serve a wide range of industries, including commercial vehicles, passenger vehicles, trains and refueling infrastructure applications. The technology can also be modified for use in multiple fuel types, including natural gas.

Cummins and ETC will each own 50 percent of the new joint venture. The unconsolidated joint venture results will be included as part of Cummins’ New Power business segment, led by Davis.

Cummins is quickly emerging as the hydrogen leader for commercial and industrial industries. To date, the company has more than 500 electrolyzer installations and 2,000 fuel cell installations worldwide. Its electrolyzers are in fueling stations on five continents, including the first fueling stations in Scotland, Sweden, Norway and Southeast Asia.

Want to learn more about Cummins investments across the hydrogen supply chain? Join company leaders including Chairman and CEO Tom Lingebarger at 10:30 a.m. (EST) Nov. 16 for Cummins Hydrogen Day. Click here to register.

About Cummins Inc.

Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 61,600 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.3 billion on sales of $23.6 billion in 2019. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/always-on.

About NPROXX

NPROXX is a global leader in designing, developing and manufacturing Type 4 pressure vessels for the storage of hydrogen under high pressure. Based on 40 years experience in carbon-fibre-reinforced polymer (CFRP) products and systems in various industries NPROXX provides composite tank systems and tailor made solutions for hydrogen storage applications: Transport and storage (500 bar, 1000 bar), Heavy duty vehicles, busses and ships (350 bar), Automotive (700 bar). More information can be found on our news and case studies page at https://www.nproxx.com/news-and-case-studies/

Forward-looking disclosure statement

Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regarding the future. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. Our actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to: market slowdown due to the impacts from COVID-19 pandemic, other public health crises, epidemics or pandemics; impacts to manufacturing and supply chain abilities from an extended shutdown or disruption of our operations due to the COVID-19 pandemic; supply shortages and supplier financial risk, particularly from any of our single-sourced suppliers, including suppliers that may be impacted by the COVID-19 pandemic; aligning our capacity and production with our demand, including impacts of COVID-19; a major customer experiencing financial distress, particularly related to the COVID-19 pandemic; any adverse results of our internal review into our emissions certification process and compliance with emission standards; increased scrutiny from regulatory agencies, as well as unpredictability in the adoption, implementation and enforcement of emission standards around the world; disruptions in global credit and financial markets as the result of the COVID-19 pandemic; adverse impacts from government actions to stabilize credit markets and financial institutions and other industries; product recalls; the development of new technologies that reduce demand for our current products and services; policy changes in international trade; a slowdown in infrastructure development and/or depressed commodity prices; the U.K.’s decision to end its membership in the European Union (EU); labor relations or work stoppages; reliance on our executive leadership team and other key personnel; lower than expected acceptance of new or existing products or services; changes in the engine outsourcing practices of significant customers; our plan to reposition our portfolio of product offerings through exploration of strategic acquisitions and divestitures and related uncertainties of entering such transactions; exposure to potential security breaches or other disruptions to our information technology systems and data security; challenges or unexpected costs in completing cost reduction actions and restructuring initiatives; failure to realize expected results from our investment in Eaton Cummins Automated Transmission Technologies joint venture; political, economic and other risks from operations in numerous countries; competitor activity; increasing competition, including increased global competition among our customers in emerging markets; foreign currency exchange rate changes; variability in material and commodity costs; the actions of, and income from, joint ventures and other investees that we do not directly control; changes in taxation; global legal and ethical compliance costs and risks; product liability claims; increasingly stringent environmental laws and regulations; the performance of our pension plan assets and volatility of discount rates, particularly those related to the sustained slowdown of the global economy due to the COVID-19 pandemic; future bans or limitations on the use of diesel-powered products; the price and availability of energy; our sales mix of products; protection and validity of our patent and other intellectual property rights; the outcome of pending and future litigation and governmental proceedings; continued availability of financing, financial instruments and financial resources in the amounts, at the times and on the terms required to support our future business; and other risks detailed from time to time in our SEC filings, including particularly in the Risk Factors section of our 2019 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the SEC, which are available at http://www.sec.gov or at http://www.cummins.com in the Investor Relations section of our website.

Jon Mills – Director, External Communications

(317) 658-4540

[email protected]

KEYWORDS: Indiana United States North America

INDUSTRY KEYWORDS: Public Transport Other Transport Trucking Rail Maritime Other Energy Transport Alternative Energy Energy Logistics/Supply Chain Management

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