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Month: March 2020

Nokia announces over 3,000 5G patent declarations

Press ReleaseNokia announces over 3,000 5G patent declarationsNokia has declared more than 3,000 patent families as essential for 5G, less than six months after declaring its previous milestone at 2,000 patent declarationsAchievement reflects further acceleration in Nokia’s leadership in technology development and standardization of 5GContinued investment in R&D strengthens the Nokia patent portfolio, one of the broadest and strongest in the industry24 March 2020Espoo, Finland – Nokia today announced that it has declared more than 3,000 patent families to the European Telecommunications Standards Institute (ETSI) as essential for the 5G standard, reflecting its continuing leadership and strong momentum in cellular technology R&D and standardization. Driven by world-class inventions from the renowned Nokia Bell Labs, which has...

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Company Announcement 1/2020

March 24, 2020NORDIC SHIPHOLDING A/S Company Announcement: 01/2020Nordic Shipholding A/S – Annual Report 2019SummaryIncluding the one-off impairment loss of USD 0.2 million arising from the sale of Nordic Ruth, the Group incurred a loss after tax of USD 3.9 million in 2019 compared to a loss after tax of USD 23.8 million in 2018 (including an impairment loss of USD 13.2 million).The actual financial performance for 2019 was in line with the revised expectations of the Board, as indicated in the Q3 2019 Interim Report.The Board of Directors of NSH A/S has approved the Annual Report for 2019 on March 24, 2020.2019 in brief:The Group, with its five vessels, continued to be a tonnage provider in the product tanker segment in 2019.  Upon the completion of their respective second special surveys in August 2019, Nordic Agnetha joined Nordic...

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Selskabsmeddelelse 1/2020

24. marts 2020NORDIC SHIPHOLDING A/S Selskabsmeddelelse: 01/2020Nordic Shipholding A/S – Årsrapport 2019ResuméNordic Shipholding koncernen realiserede et tab efter skat på USD 3,9 millioner i 2019, inklusive nedskrivninger på USD 0,2 millioner i forbindelse med salget af Nordic Ruth, sammenlignet med et tab efter skat på USD 23,8 millioner i 2018 (inklusive nedskrivninger på USD 13,2 millioner).Resultatet for 2019 var i overensstemmelse med bestyrelsens forventninger, som offentliggjort i delårsrapporten for 3. kvartal 2019.Nordic Shipholding A/S’ bestyrelse har i dag den 24. marts 2020 behandlet og godkendt Årsrapporten for 2019.2019 i hovedtræk:Nordic Ruth Pte. Ltd., et helejet datterselskab af Nordic Shipholding A/S, gennemførte en problemfri overdragelse af M/T Nordic Ruth til de nye ejere i juli 2019. Salget medførte en yderligere...

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Isracann Enters JV for Near-Term Cannabis Farm Production Opportunity in Israel

VANCOUVER, British Columbia, March 24, 2020 (GLOBE NEWSWIRE) — Isracann Biosciences Inc.  (CSE: IPOT) (XFRA: A2PT0E) (OTC: ISCNF) (the “Company” or “Isracann”) an Israel-based company focused on becoming a premier low cost, high quality cannabis producer for both domestic and European export sales, is pleased to announce its entry into a joint venture agreement (the “JV Agreement”) resulting in a phased partnership of two near-term farm operations located in the Sharon Plain region of Israel. Today’s announcement positions the Company for revenue generating opportunities earlier than previously planned with the Company’s current development project in Nir Israel.The Israel Medical Cannabis (IMC) compliant farm properties operates under preliminary cannabis nursery and cultivation licenses and are preparing to commence planting within...

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Suncor Energy provides a corporate update including revised 2020 capital program, operating costs and production outlook

CALGARY, Alberta, March 23, 2020 (GLOBE NEWSWIRE) — Suncor released a corporate update today, including revised 2020 corporate guidance for capital, operating costs and production outlook, reflecting the significant decline in the crude oil price and uncertainty surrounding the economic impact of COVID-19.“The simultaneous supply and demand shocks are having a significant impact on the global oil industry.  We are adjusting our spending and operational plans to be prepared in the event the current business environment persists for an extended period of time,” said Mark Little, president and chief executive officer. “Our business model and financial strategy are designed to withstand volatile environments.”Suncor’s business model is built on long life, low decline assets and capturing the full value of the barrel through integration....

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Suncor Énergie présente une mise à jour sur la Société, incluant un programme de dépenses en immobilisations, des charges d’exploitation et des perspectives de production pour 2020 révisés

CALGARY, Alberta, 23 mars 2020 (GLOBE NEWSWIRE) — Suncor a publié aujourd’hui une mise à jour sur la Société, incluant un programme de dépenses en immobilisations, des charges d’exploitation et des perspectives de production pour 2020 révisés, reflétant la baisse marquée du prix du pétrole brut et l’incertitude entourant l’impact économique de la COVID-19.« Les chocs simultanés sur l’offre et la demande ont une répercussion importante sur l’industrie pétrolière mondiale. Nous ajustons nos plans de dépenses et d’exploitation afin d’être prêts dans l’éventualité où le contexte commercial actuel persisterait pendant une période prolongée, a indiqué Mark Little, président et chef de la direction. Notre modèle opérationnel et notre stratégie financière sont conçus pour résister dans des environnements...

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HIGH ARCTIC APPOINTS MIKE MAGUIRE AS CHIEF EXECUTIVE OFFICER

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.  ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWCALGARY, Alberta, March 23, 2020 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (“High Arctic”) announces the appointment of Mike Maguire as Chief Executive Officer effective immediately.  Mike Maguire was formerly the President of International for High Arctic.  The appointment of Mike follows his success in restructuring and leading the International business through growth in 2015 and the contraction of PNG activity in 2018, establishing benchmarks for safe, effective and profitable delivery of service to top shelf customers.Michael Binnion, Executive Chairman of the Board commented, “With the turn down in business throughout the organization,...

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VVC Exploration – Closing of Private Placement Financing

TORONTO, March 23, 2020 (GLOBE NEWSWIRE) — VVC Exploration Corporation (“VVC” or the “Company“) (TSX-V:VVC) announces the following:Private Placement FinancingVVC closed subscriptions for Tranche 1 of a non-brokered Private Placement financing, previously announced on February 5, 2020. To-date, VVC raised CA$951,560 (about US$722,000) and will issue to the placees an aggregate of 19,031,200 Units at a price of CA$0.05 per Unit. Each Unit consists of one common share (“Share”) and one-half of one common share purchase warrant (Warrant”), each full Warrant entitling the holder to purchase one additional Share of the Company at an exercise price of CA$0.06 per Share for a period of three years.The proceeds of the Financing are for development on the Kaity Property in Mexico, including costs...

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