Month: March 2020

Vehicle Electrification Market Hit USD 53.3 Billion by 2026; Driven by Strict Government Regulations Towards the Use of Sustainable Fuel Alternatives, says Fortune Business Insights™

Written by Customer Service on March 16, 2020. Posted in Mergers And Acquisitions.

Pune, March 16, 2020 (GLOBE NEWSWIRE) — The global vehicle electrification market size is projected to reach USD 53.3 billion by the end of 2026. The rising concerns surrounding global warming and the effect of fuel combustion on greenhouse emissions will aid the growth of the market.According to a report published by Fortune Business Insights, titled “Vehicle Electrification Market Size, Share and Global Trend by Product Type (Start/Stop System, Electric Air Conditioner Compressor, PTC Heater, Electric Vacuum Pump, Electric Water Pump, Electric Oil Pump, Starter Motor & Alternator, Integrated Starter Generator, Actuators. By Vehicle Type (Passenger Cars, Light Commercial Vehicles & Heavy Commercial Vehicles), and Geography Forecast till 2026,” the market size was USD 27.9 billion in 2018 and will exhibit a CAGR of 8.5%...

Establishment Labs Reports Fourth Quarter and Full Year 2019 Financial Results

Written by Customer Service on March 16, 2020. Posted in Earnings Releases And Operating Results.

NEW YORK, March 16, 2020 (GLOBE NEWSWIRE) — Establishment Labs Holdings Inc. (NASDAQ: ESTA), a medical technology company focused on women’s health, initially in the breast aesthetics and reconstruction market, today announced its financial results for the fourth quarter and full year ended December 31, 2019.Fourth Quarter and Recent Business HighlightsFull-year 2019 worldwide sales of $89.6 million, representing a 46.3% increase year-over-yearFourth quarter 2019 worldwide sales of $24.2 million, an increase of 47.9% year-over-year, and another quarter of record performanceIn January 2020, completed an over-subscribed public offering of 2,628,571 common shares, raising gross proceeds of approximately $69.0 millionU.S. development timeline for Pre-Market Authorization (PMA) submission to FDA is on trackAchieved a significant milestone...

Galectin Therapeutics Reports Fiscal 2019 Financial Results and Provides Business Update

Written by Customer Service on March 16, 2020. Posted in Earnings Releases And Operating Results.

NORCROSS, Ga., March 16, 2020 (GLOBE NEWSWIRE) — Galectin Therapeutics Inc. (NASDAQ: GALT), the leading developer of therapeutics that target galectin proteins, today reported financial results and provided a business update for the year ended December 31, 2019. These results are included in the Company’s Annual Report on Form 10-K, which has been filed with the U.S. Securities and Exchange Commission and is available at www.sec.gov.Harold H. Shlevin, Ph.D., President and Chief Executive Officer of Galectin Therapeutics, said, “The focus of the past few months has been on finalizing the refinements to our planned NASH-RX trial based on feedback from the U.S. Food and Drug Administration (FDA). Our Adaptive-Designed Phase 2b/3 trial protocol is nearly complete, and we anticipate initiating the trial in the second quarter of...

TREVI THERAPEUTICS ANNOUNCES FOURTH QUARTER AND YEAR END 2019 FINANCIAL RESULTS AND CORPORATE UPDATE

Written by Customer Service on March 16, 2020. Posted in Earnings Releases And Operating Results.

Enrollment in PRISM Study Progressing – Sample Size Re-estimation Planned for mid-2020Expect to Report Top-Line Data in both PN and IPF-Cough Trials in Second Half of 2020Cash Position of $57.3 Million Expected to Fund Operations into the Third Quarter of 2021NEW HAVEN, Conn., March 16, 2020 (GLOBE NEWSWIRE) — Trevi Therapeutics, Inc. (Nasdaq: TRVI), a clinical-stage biopharmaceutical company focused on the development and commercialization of nalbuphine ER to treat serious neurologically mediated conditions, today announced financial results for the quarter and year ended December 31, 2019, as well as recent business highlights.“We made substantial progress in 2019 advancing the development of nalbuphine ER across our clinical indications and expect 2020 to be an important year for Trevi with clinical data expected in our...

Tree Island Steel Announces Quarterly Dividend

Written by Customer Service on March 16, 2020. Posted in Dividend Reports And Estimates.

VANCOUVER, British Columbia, March 16, 2020 (GLOBE NEWSWIRE) — Tree Island Steel Ltd. (“Tree Island” or the “Company”) (TSX:TSL) is pleased to announce that its Board of Directors has declared a quarterly dividend of $0.02 per share on the issued and outstanding Common Shares of the Company, payable on April 15, 2020, to holders of record at the close of business on March 31, 2020.About Tree Island SteelTree Island Steel, headquartered in Richmond, British Columbia, since 1964, through its four operating facilities in Canada and the United States, produces wire products for a diverse range of industrial, residential construction, commercial construction and agricultural applications. Its products include galvanized wire, bright wire; a broad array of fasteners, including packaged, collated and bulk nails; stucco reinforcing products;...

Alexander Salgado, CEO and Co-Founder of Veritas Farms is Featured in a New Interview at SmallCapVoice.com

Written by Customer Service on March 16, 2020. Posted in Public Companies.

AUSTIN, Texas, March 16, 2020 (GLOBE NEWSWIRE) — SmallCapVoice.com Inc. and Veritas Farms Inc. (OTC.QB VFRM) (“Veritas Farms” or the “Company”), a vertically integrated agribusiness focused on the production of full spectrum hemp oil products with naturally occurring cannabinoids, announced today that Alexander Salgado, CEO and co-founder of Veritas Farms is featured in a new audio interview at SmallCapVoice.com.The interview can be heard at: https://www.smallcapvoice.com/smallcapvoice-interview-veritas-farms-vfrm.Alexander Salgado called in to SmallCapvoice.com, Inc. to go over the business model and markets for the Company. In addition, Salgado outlined the milestones achieved for the Company in 2019 and highlighted the goals for the Company in 2020. So far in 2020, VFRM has been prolific with their news flow and efforts. The...

Beyond Air Submits Investigational Device Exemption (IDE) to the United States Food and Drug Administration (FDA) for the Treatment of COVID-19 Patients

Written by Customer Service on March 16, 2020. Posted in Public Companies.

LungFit™ BRO system to be used in proposed study to treat COVID-19 patientsGrant applications have been submitted to the Biomedical Advance Research and Development Authority (BARDA), a division of Health and Human Services (HHS)Second trial design being vetted to investigate use in patients exposed to severe acute respiratory syndrome 2 (SARS-CoV-2), but not infectedCompany to host a conference call today at 8:30 am ET to discuss these developmentsGARDEN CITY, N.Y. and REHOVOT, Israel, March 16, 2020 (GLOBE NEWSWIRE) — Beyond Air, Inc. (NASDAQ: XAIR), a clinical-stage medical device and biopharmaceutical company focused on developing inhaled Nitric Oxide (NO) for the treatment of patients with respiratory conditions including, serious lung infections and pulmonary hypertension, and gaseous NO for the treatment of solid tumors,...

OCEANFIRST BANK ANNOUNCES INITIATIVES TO ASSIST CUSTOMERS, EMPLOYEES AND COMMUNITIES AFFECTED BY COVID-19

Written by Customer Service on March 16, 2020. Posted in Public Companies.

RED BANK, N.J., March 16, 2020 (GLOBE NEWSWIRE) — OceanFirst Bank N.A. (“OceanFirst” or the “Bank”), the wholly owned subsidiary of OceanFirst Financial Corp. (NASDAQ:OCFC), today announced a series of precautionary measures intended to mitigate the impact of the COVID-19 virus outbreak on its customers, employees and communities. The measures will be re-evaluated as circumstances require.“As a community-based financial institution, we believe OceanFirst can and should extend a helping hand to our customers, employees and neighbors at this difficult time,” noted Christopher D. Maher, OceanFirst Chairman, President and Chief Executive Officer. “We are offering payment relief to affected borrowers, adjusting branch operations to help protect the health and safety of customers and employees while maintaining access to our services,...

Kayne Anderson MLP/Midstream Investment Company Provides an Update on its Balance Sheet and its March Distribution

Written by Customer Service on March 16, 2020. Posted in Public Companies.

HOUSTON, March 16, 2020 (GLOBE NEWSWIRE) — Kayne Anderson MLP/Midstream Investment Company (NYSE: KYN) (the “Company”) announced today an update on its balance sheet and leverage levels. The Company also announced revised timing for the distribution originally scheduled to be paid on March 31, 2020.Equity prices for midstream energy companies have been extremely volatile during the first two weeks of March – the Alerian MLP Index declined 38% over this time period. In response to the recent record market volatility, the Company has proactively taken steps to increase its cash position and reduce leverage levels. Since February 29, 2020, the Company has reduced outstanding indebtedness by $125 million and, as of March 13, 2020, has no borrowings outstanding on its unsecured revolving credit facility or its term loan. After taking...

Teleste to provide on-board solution to Alstom’s Avelia Horizon very high-speed trains in France

Written by Customer Service on March 16, 2020. Posted in Public Companies.

TELESTE CORPORATION INVESTOR NEWS 16.3.2020 AT 14.00 EETTELESTE TO PROVIDE ON-BOARD SOLUTION TO ALSTOM’S AVELIA HORIZON VERY HIGH-SPEED TRAINS IN FRANCEAlstom has selected Teleste’s on-board solution for the company’s next-generation very high-speed trains, designed for the French national railway operator SNCF Mobilités. Teleste will provide the on-board solution to Alstom’s very high-speed trains, which will be delivered to the French national railway operator SNCF Mobilités. With the deployments starting in 2021, Alstom’s order covers the equipment of 50 double-decker very high-speed trains and includes a further option of 50 additional trainsets.Teleste’s deployment for the trains will include passenger information management functions and a new interface for passenger information control....

Month: March 2020

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