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Year: 2019

HXG Commences Funding the Commercialization of RapidSX™ Rare-Earth Elements Separation Technology

TORONTO, Dec. 18, 2019 (GLOBE NEWSWIRE) — Hexagon Energy Materials Limited (ASX:HXG) (“HXG”, “Hexagon” or the “Company”) is pleased to announce that it has commenced funding of the Phase-One commercialization of RapidSX™ rare-earth element (“REE”) separation technology for REE concentrates.Per HXG’s October 10, 2019 ASX announcement (“Hexagon Enters US-based Rare Earth Downstream Processing Industry”), the Company has executed a binding Investment Agreement whereby Hexagon has secured an option to acquire a 49% interest in RapidSX™ for REEs – an advanced, proprietary low-cost downstream REE separation technology developed and piloted by Innovation Metals Corp. (“IMC”). With US$1.8 million in funding assistance from the US Department...

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Italeaf: the Board of Directors of the subsidiary TerniEnergia approved the Half-Yearly Financial Report as at 30 June 2019

PRESS RELEASE 18 DECEMBER 2019Italeaf: the Board of Directors of the subsidiary TerniEnergia approved the Half-Yearly Financial Report as at 30 June 2019Reviewed the TerniEnergia Group’s economic and financial performance and the progress of the Recovery and Relaunch Plan: strong recovery of profitability and improvement of operations in the second half of 2019Revenues for the half-year amount to Euro 11 million (Euro 11.2 million as at 30/6/2018)EBITDA equal to Euro 0.3 million (Euro 0.7 million as at 30/6/2018) with Ebitda Margin at 3.1%.EBIT equal to Euro -2.7 million (Euro -1.3 million as at 30/6/2018), Earnings before taxes (EBT) equal to Euro -4.4 million (Euro -3.6 million as at 30/6/2018)Net result of Euro -3.3 million (Euro -3.5 million as at 30/6/2018)Net Financial Position of Euro 66.7 million (Euro 65.2 million at 31/12/2018)Shareholders’...

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Italeaf: Il CdA della controllata TerniEnergia approva la Relazione finanziaria semestrale al 30 giugno 2019

COMUNICATO STAMPA 18 DICEMBRE 2019Italeaf: Il CdA della controllata TerniEnergia approva la Relazione finanziaria semestrale al 30 giugno 2019Esaminato l’andamento economico-finanziario del Gruppo TerniEnergia e lo stato di avanzamento del Piano di Risanamento e Rilancio: forte recupero della profittabilità e miglioramento della gestione operativa nella seconda metà del 2019Ricavi del semestre pari a Euro 11 milioni (Euro 11,2 milioni al 30/6/2018)EBITDA pari a Euro 0,3 milioni (Euro 0,7 milioni al 30/6/2018) con Ebitda Margin al 3,1%EBIT pari a Euro -2,7 milioni (Euro -1,3 milioni al 30/6/2018), Risultato ante imposte (EBT) pari a Euro -4,4 milioni (Euro -3,6 milioni al 30/6/2018)Risultato Netto pari a Euro -3,3 milioni (Euro -3,5 milioni al 30/6/2018)Posizione Finanziaria Netta pari a Euro 66,7 milioni (Euro 65,2...

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UNISYNC Reports Improved Fourth Quarter Financial Results

VANCOUVER, British Columbia, Dec. 18, 2019 (GLOBE NEWSWIRE) — Unisync Corp. (the “Company”)(TSX:”UNI”) generated revenue of $20.4 million for the three months ended September 30, 2019, an increase of $8.6 million or 73% over the three months ended September 30, 2018.The Company operates through two business segments: Unisync Group Limited (“UGL”) with its North American head office in Mississauga, Ontario and Peerless Garments LP based in Winnipeg, Manitoba (“Peerless”). UGL is a leading customer-­focused provider of corporate apparel, serving many leading Canadian and American iconic brands. Peerless specializes in the production and distribution of highly technical protective garments, military operational clothing and accessories for a broad spectrum of Federal, Provincial and...

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TELA Bio Announces Third Quarter 2019 Financial Results

Revenue increased 80% year-over-year to $4.0 millionCompleted initial public offering in November 2019, raising net proceeds of $50.7 millionMALVERN, Pa., Dec. 18, 2019 (GLOBE NEWSWIRE) — TELA Bio, Inc. (“TELA”) (Nasdaq: TELA), a commercial stage medical technology company focused on designing, developing and marketing a new category of tissue reinforcement materials to address unmet needs in soft tissue reconstruction, today reported financial results for the three months ended September 30, 2019. “Continued strong growth in the third quarter demonstrates that customers recognize the value of our products, including improved performance over existing soft tissue reconstruction materials,” said Antony Koblish, co-founder, President and Chief Executive Officer of TELA Bio. “In November we successfully...

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BeyondSpring Provides Third-Quarter 2019 Operational and Financial Results Update

Preparing to Submit NDA in China for Chemotherapy-Induced Neutropenia (“CIN”) in Q1 2020Plinabulin’s Anti-Cancer and CIN Prevention Mechanism Published in Peer Reviewed JournalsNEW YORK, Dec. 18, 2019 (GLOBE NEWSWIRE) —  BeyondSpring Inc. (the “Company” or “BeyondSpring”) (NASDAQ: BYSI), a global biopharmaceutical company focused on the development of innovative cancer therapies, today provided an update on the Company’s operations and announced its financial results for the three months ended September 30, 2019.“We are pleased with the progress we are seeing in our clinical programs surrounding our lead compound, Plinabulin, for the treatment of non-small cell lung cancer (NSCLC) and CIN,” said Dr. Lan Huang, BeyondSpring’s Co-Founder, Chairman and Chief...

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Trans World Entertainment Announces Third Quarter Results

ALBANY, N.Y., Dec. 17, 2019 (GLOBE NEWSWIRE) — Trans World Entertainment Corporation (Nasdaq: TWMC) today reported financial results for its third quarter ended November 2, 2019.Third Quarter Overview – ConsolidatedTotal revenue decreased 24.5% to $69.5 million compared to $92.0 million in the third quarter of fiscal 2018. Loss from operations was $22.9 million compared to a loss from operations of $13.8 million for the third quarter of fiscal 2018.Net loss was $23.2 million, or $12.73 per share, for the 13 weeks ended November 2, 2019, compared to a net loss of $14.1 million, or $7.74 per share, for the same period last year (see note 1). Included in the third quarter 2019 operating results were non-cash charges due to impairment of certain long lived assets in the amount of $16.0 million.    Adjusted...

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ADDvantage Technologies Reports 101% Increase in Fiscal 2019 Full-Year Revenue

FARMERS BRANCH, Texas, Dec. 17, 2019 (GLOBE NEWSWIRE) — ADDvantage Technologies Group, Inc. (NASDAQ: AEY) (“ADDvantage Technologies” or the “Company”) today reported its financial results for the three- and 12-month periods ended September 30, 2019.Fiscal 2019 Full-Year Financial and Business HighlightsSales of $55.1 million, up 101% (excluding Cable Segment results in 2018)Results include $1.8 million in inventory-related and acquisition integration chargesExcluding these charges, the Company achieved its second consecutive quarter of positive Adjusted EBITDALoss from continuing operations narrowed $1.8 million to $4.0 millionExceptional growth in revenue and EBITDA of Nave CommunicationsCompleted the move into a new, larger and more efficient facility for Triton DatacomAcquired and integrated Fulton Technologies,...

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Steelcase Reports Third Quarter Fiscal 2020 Results

Operating margin increased 290 basis points to 7.9%; EPS improved 48% to $0.46Revenue grew 6% to $955 million, driven by strong organic growth in the AmericasEMEA delivers $7 million improvement in operating income and is profitable for the fiscal year to dateCompany projects fiscal year 2020 revenue of $3.7 billion and EPS of $1.41 to $1.45GRAND RAPIDS, Mich., Dec. 17, 2019 (GLOBE NEWSWIRE) — Steelcase Inc. (NYSE: SCS) today reported third quarter revenue of $955.2 million and net income of $54.9 million, or diluted earnings of $0.46 per share.  In the prior year, Steelcase reported $901.0 million of revenue and net income of $37.3 million, or diluted earnings of $0.31 per share and adjusted earnings of $0.36 per share.Revenue increased 6 percent in the third quarter compared to the prior year, reflecting strong growth in...

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