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Day: December 3, 2019

Food Processing and Handling Equipment Market to Reach USD 131.70 Billion by 2026; Technological Advancement to Boost Growth, says Fortune Business Insights

Pune, Dec. 03, 2019 (GLOBE NEWSWIRE) — The global Food Processing and Handling Equipment Market size is projected to reach USD 131.70 Billion by 2026, thereby exhibiting a CAGR of 4.8% during the forecast period. However, the market was valued at USD 91.34 Billion in 2018. This information is published in a recent study by Fortune Business Insights, titled, “Food Processing and Handling Equipment Market Size, Share & Industry Analysis, By Equipment Type (Processing Equipment, Packaging Equipment, and Service Equipment), By Application (Bakery and Confectionery Products, Meat and Poultry Products, Dairy Products, Beverages, and Others) and Regional Forecast, 2019-2026.” According to the study, the incorporation of novel technologies, such as artificial intelligence and IoT are responsible for the Food Processing and Handling...

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Oyster Point Pharma Reports Third Quarter 2019 Financial Results and Recent Business Highlights

ZEN Phase 1 top-line dataClosed IPO financing and received $92.0 million in gross proceedsPRINCETON, N.J., Dec. 03, 2019 (GLOBE NEWSWIRE) — Oyster Point Pharma, Inc. (Nasdaq: OYST), a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of first-in-class pharmaceutical therapies to treat ocular surface diseases, announced its financial results for the third quarter of 2019 and provided an overview of recent business highlights.“Our team continues to make progress toward the goal of bringing OC-01 nasal spray to patients with Dry Eye Disease and advancing our pipeline. We are also very proud to have executed a successful IPO and listing on the NASDAQ Global Select Market,” said Dr. Jeffrey Nau, Chief Executive Officer of Oyster Point Pharma. “We expect 2020 to be another transformative...

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MasterCraft Boat Holdings, Inc., Names Brightbill CEO

Board Chair and Industry Veteran Frederick Brightbill Transitions from Interim to Permanent Chief Executive Officer RoleBoard Member Roch Lambert Named Lead Independent DirectorVONORE, Tenn., Dec. 03, 2019 (GLOBE NEWSWIRE) — MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) (the “Company”), parent entity of MasterCraft, NauticStar and Crest, today announced that its Board of Directors has named current Board Chair and Interim Chief Executive Officer (CEO), Frederick A. Brightbill, as the Company’s new permanent CEO, effective immediately. Brightbill assumed the role of Interim CEO following Terry McNew’s resignation in October 2019.Concurrently, Roch Lambert, CEO of Curt Group, an automotive product aftermarket manufacturer and distributor, was named as Lead Independent Director of MasterCraft’s Board of Directors. He has served on...

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Iveco, FPT Industrial and NIKOLA launch their partnership to achive Zero-Emissions transport

CNH Industrial brands present the scope of the partnership with NIKOLA and its ambitious goal of achieving zero emissions.London, December 3, 2019IVECO and FPT Industrial, brands of CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) and NIKOLA today presented the scope and plans of their joint venture and collaboration agreement established to accelerate industry transformation towards emission neutrality of Class 8 heavy-duty trucks in North America and Europe through the adoption of fuel-cell technology.This comes three months after CNH Industrial’s announcement at its Capital Markets Day, held on September 3 2019, involving its IVECO commercial vehicles brand and its powertrain division FPT Industrial, of the intention to enter into a strategic partnership with NIKOLA Motors. The primary focus of the agreement is to leverage the partners’...

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Questor Technology Inc. Announces Change of Auditor

This document is not intended for dissemination or distribution in the United States.CALGARY, Alberta, Dec. 03, 2019 (GLOBE NEWSWIRE) — Questor Technology Inc. (“Questor” or the “Company”) (TSX-V: QST) announces that it has changed its auditor from MNP LLP (the “Former Auditor”) to PricewaterhouseCoopers LLP (the “Successor Auditor”), effective November 19, 2019.At the request of the Company, the Former Auditor resigned as auditor of Questor effective November 19, 2019 and the Board of Directors of the Company appointed the Successor Auditor as the Company’s auditor effective on the same date until the next Annual General Meeting of the Company.There were no reservations in the Former Auditor’s reports in connection with the Company’s most recently completed fiscal year (2018) or for any...

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Mount Logan Capital Inc. Completes Share Consolidation

TORONTO, Dec. 03, 2019 (GLOBE NEWSWIRE) — Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan,” “our,” “we,” or the “Company”) announces that it has completed its previously announced consolidation of the issued and outstanding common shares of the Company on the basis of one (1) post-consolidation share for every eight (8) pre-consolidation shares (the “Consolidation”). The common shares will commence trading on a consolidated basis on the facilities of the NEO Exchange Inc. effective at the opening of trading today and will continue to trade under the symbol “MLC”.Upon completion of the Consolidation, the Company has approximately 10,604,998 common shares outstanding. No fractional shares were issued in connection with the Consolidation and, in the event that a shareholder would otherwise have been entitled to receive a fraction...

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CW Petroleum Corp (CWPE) Announces its Recent OTCQB Listing

Katy, Texas, Dec. 03, 2019 (GLOBE NEWSWIRE) — CW Petroleum Corp is pleased to announce that on November 27, 2019 the company was listed on the OTCQB under the symbol CWPE. CWP was founded as a Texas corporation by Christopher Williams and began operations in 2011. It reincorporated in Wyoming as a C corporation in April 2018. CWP supplies and distributes Biodiesel, Biodiesel Blends, Ultra Low Sulfur Diesel Fuel and Gasoline Blends to distributors and end-users. The company is licensed by the EPA to create its own proprietary gasoline blends based on Isobutanol as a replacement for Ethanol now used in most of the largest metropolitan areas of the USA.The company is currently expanding the sale of its products nationally and will update its shareholders and the public on the company’s future plans and progress in the coming months.About...

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BMC Acquires DeFord Lumber, Enhancing its Value-Added Offerings and Customer Mix in Dallas

RALEIGH, N.C., Dec. 03, 2019 (GLOBE NEWSWIRE) — BMC Stock Holdings, Inc. (Nasdaq: BMCH) (“BMC” or the “Company”), a leading provider of diversified building products, services and innovative building solutions in the U.S. residential construction market, announced today that it acquired DeFord Lumber (“DeFord”) in the Dallas-Fort Worth market. Founded in 1964 in Duncanville, TX, DeFord is recognized as a leading and highly-respected provider of building materials, primarily to custom and regional homebuilders.  With its offering of millwork, doors, windows, structural components and other building materials, DeFord improves BMC’s Dallas-Fort Worth business by diversifying the customer base, adding value-added capabilities, establishing a local presence on the south side of Dallas, and adding DeFord’s capable and knowledgeable leadership...

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Lexicon Pharmaceuticals Completes Safety Review of Initial Safety Run-in Cohort of TELE-ABC Study, a Phase 2 Clinical Study of Telotristat Ethyl in Biliary Tract Cancer

THE WOODLANDS, Texas, Dec. 03, 2019 (GLOBE NEWSWIRE) — Lexicon Pharmaceuticals, Inc. (Nasdaq: LXRX), announced today the completion of a safety review of the initial run-in cohort of the Telotristat Ethyl for Advanced Biliary Tract Cancer, or TELE-ABC, study, which is a Phase 2 clinical study of telotristat ethyl in patients with biliary tract cancer. Telotristat ethyl is a novel, oral tryptophan hydroxylase (TPH) inhibitor approved as XERMELO® for the treatment of carcinoid syndrome diarrhea in combination with somatostatin analog (SSA) therapy in adults inadequately controlled by SSA therapy alone.Safety analysis from the first six patients who completed at least a 21-day cycle of treatment with telotristat ethyl in combination with cisplatin and gemcitabine supports the continuation of enrollment with no adjustment in the telotristat...

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RTI Surgical® Accelerates Business Transformation with Senior Leadership Appointments

Terry Rich, experienced spine leader, named President, Global Spine; Olivier Visa elevated to President, Global OEMDEERFIELD, Ill., Dec. 03, 2019 (GLOBE NEWSWIRE) — RTI Surgical Holdings, Inc. (Nasdaq: RTIX), a global surgical implant company, today announced Terry Rich has joined RTI as president of Global Spine. Rich brings to RTI decades of deep spine leadership and commercial success. The company also announced the promotion of Olivier Visa to president of Global OEM. These appointments reinforce the progression of RTI’s strategy to reduce complexity and transform RTI into a focused Spine and OEM company, driven by operational excellence and, we believe, poised for accelerated growth.Rich has a proven track record of leading global businesses, driving sales execution and building commercial organizations to drive growth. Prior...

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