Month: March 2020

DENVER, March 16, 2020 (GLOBE NEWSWIRE) — Sundance Energy Inc. (NASDAQ: SNDE) (“Sundance” or the “Company”) today announced that it has rescheduled its fourth quarter and full year 2019 earnings call in order to allow for additional time to ensure the accuracy of its 2019 financial information due to the current economic environment, including circumstances related to the novel coronavirus (COVID-19) global outbreak.  The Company has also filed with the U.S. Securities and Exchange Commission a Form 12b-25 to automatically extend the date for filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 by 15 calendar days from the March 16, 2020 deadline. A separate press release announcing details for the fourth quarter and full year 2019 earnings call will be issued by the Company at a later date.About Sundance...

BROOMFIELD, Colo., March 16, 2020 (GLOBE NEWSWIRE) — DMC Global Inc. (Nasdaq: BOOM) today said its first-quarter and full-year 2020 financial guidance provided on February 20, 2020, is no longer valid. “The economic impact of the Coronavirus coupled with heightened instability in the international crude market has created substantial uncertainty in the energy sector, and has limited our near-term visibility,” said Kevin Longe, president and CEO.  “We are well positioned to navigate these challenges, as we have established the industry’s leading technology portfolio, a team of talented and dedicated employees and a strong balance sheet.  We will update our 2020 outlook when our visibility improves.” About DMCDMC Global is a diversified holding company.  Our innovative businesses provide differentiated products and services to niche...

GUANGZHOU, China, March 16, 2020 (GLOBE NEWSWIRE) — Fanhua Inc. (“Fanhua” or “the Company”) (Nasdaq: FANH), a leading independent financial services provider in China, today announced that the United States District Court for the Southern District of New York (the “Court”) has granted in its entirety the Company’s motion to dismiss the class action lawsuit originally filed on September 7, 2018 against Fanhua and three of its current or former executive officers and closed the case.Commenting on the dismissal, Mr. Chunlin Wang, chairman and chief executive officer of Fanhua, stated, “We are pleased with the Court’s decision to dismiss this meritless lawsuit. We will continue to comply with all regulatory and legal requirements in our operations and provide full and transparent disclosures to investors while delivering long-term value...

CALGARY, Alberta, March 16, 2020 (GLOBE NEWSWIRE) — As a result of the recent development surrounding COVID-19 (Coronavirus) Black Diamond Group Limited (“Black Diamond” or “the Company”) (TSX: BDI) announces that the Company will defer its previously announced webcast and conference call which had been scheduled to take place on Tuesday, March 17th 2020, at 9:00 am MT / 11:00 am ET. Trevor Haynes, Black Diamond’s CEO, stated, “Now and in the near term our focus is on ensuring the health, safety and well-being of our employees, supporting the efforts to contain the spread of the virus and continuing to provide our customers with the space rental, workforce accommodation and crew travel services they require.   We are disappointed to postpone the investor update; however, we believe it to be prudent given the current situation. ...

ORLANDO, FL, March 16, 2020 (GLOBE NEWSWIRE) — Coda Octopus Group, Inc. (CODA) (Nasdaq: CODA) today reported its unaudited financial results for its fiscal first quarter ended January 31, 2020.Annmarie Gayle, CODA’s Chairman and CEO commented: “I am very pleased to report a strong first quarter of fiscal year 2020.”CODA reported total revenue of approximately $6.681 million for the three months ended January 31, 2020, compared to $5.759 million for the prior comparable quarter, an increase of 16%. The Company reported net income before taxes of approximately $1.448 million, or $0.14 per share of earnings, for the quarter ended January 31, 2020, compared to $1.350 million, or $0.13 per share, for the prior comparable quarter, an increase of 7%. Net income after taxes increased to $1.347 million, or $0.13 per share, for the quarter...

HONG KONG, March 16, 2020 (GLOBE NEWSWIRE) — UTStarcom (“UTStarcom” or “the Company”) (NASDAQ:UTSI), a global telecommunications infrastructure provider, announced today that Mr. Tim Ti, UTStarcom’s Chief Executive Officer (CEO), will take a temporary medical leave of absence, effective immediately. In Mr. Ti’s absence, UTStarcom has appointed Dr. Zhaochen Huang as the Company’s Acting CEO.  Dr. Huang is currently the Senior Vice President of Sales and Business Development for Japan and Korea and has previously served as Chief Operating Officer, Vice-President of Global Operations as well as General Manager of UTStarcom India.Mr. Yongqing Yan, the Chairman of UTStarcom’s Board of Directors, commented, “We wish Mr. Ti a speedy recovery and look forward to his return to UTStarcom. Mr. Ti’s condition is not related...

ST. JOHN’S, Newfoundland, March 16, 2020 (GLOBE NEWSWIRE) — Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”), is pleased to announce new contracts for batteries, sonar sensors, and support totalling $2.8 million. We are also pleased to provide a corporate update on business activity.New ContractsKraken has recently received orders from four US companies and one Canadian company totalling $2.8 million. The Company expects to fulfill these contracts in the first half of 2020. Due to confidentiality reasons, our customers cannot be named but are characterized below:A new customer primarily targeting the defense industry will be using Kraken SeaPower® batteries in its autonomous underwater vehicles (“AUVs”). Kraken currently expects another battery order from this customer in Q3 of this year.An existing defense...

VANCOUVER, Washington, March 16, 2020 (GLOBE NEWSWIRE) — CytoDyn Inc. (OTC.QB: CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today that the Company filed a modified IND and protocol for its Phase 2 clinical trial with leronlimab (PRO 140) as a therapy for patients who experience respiratory complications as a result of contracting Coronavirus Disease 2019 (COVID-19). The modification came at the behest of the U.S. Food and Drug Administration (FDA) in response to the Company’s filing of its IND and protocol for its Phase 2 clinical trial on March 9, 2020.The modified protocol is a Phase 2, Randomized, Double Blind, Placebo Controlled Study to Evaluate the Efficacy and Safety of Leronlimab...

Högum hf. hefur borist tilkynning frá Íslandsbanka hf., sem er annar aðila sem sinnir viðskiptavakt með hlutabréf félagsins, sbr. tilkynningu þann 13. febrúar 2020. Íslandsbanki hefur tilkynnt að hann muni beita heimild í samningnum er gerir bankanum heimilt að víkja frá ákvæðum samningsins um fjárhæðir og verðbil vegna óvenjulegra aðstæðna á markaði, og muni gera slíkt á meðan ástandið varir.Nánari upplýsingar veitir Guðrún Eva Gunnarsdóttir, framkvæmdastjóri rekstrar og samstæðu, í síma 530-5500. 

Generalforsamlingen for FastPassCorp A/S bliver nu afholdt som et virtuelt møde. Bestyrelsen har ønsket at imødekomme ønskerne om at reducere al mødevirksomhed, og afholder derfor generalforsamlingen på uændret tidspunkt: mandag den 23. marts kl 16:00, men via link til webinar.Alle der har tilmeldt sig bliver informeret direkte; men for at andre aktionærer kan benytte sig af muligheden, så forlænges tilmeldelsesfristen til fredag kl 12:00 i denne uge. Herefter vil alle tilmeldte modtage et LINK til mødet.Af praktiske grunde skal afstemning ske inden mødet ved afsendelse af brevstemmer, som ligeledes skal være fremme inden fredag kl. 12:00.Yderligere oplysningerFastPassCorp A/S, administrerende direktør Finn Jensen, mobil 24 81 12 79, fj@fastpasscorp.comCertified AdviserBaker Tilly Corporate Finance P/S, partner Gert Mortensen, mobil:...