Day: April 29, 2020

TORONTO, April 29, 2020 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Company”) (OTCQX: POETF; TSX Venture: PTK), the designer and developer of the POET Optical Interposer and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today reported its audited consolidated financial results for the full year ended December 31, 2019. The Company’s financial results as well as the Management Discussion and Analysis have been filed on SEDAR.2019 Financial (non-IFRS) and Recent Business Highlights:Full year revenue, including contribution from discontinued operations, was US$4.4 million compared to US$3.9 million in 2018;Gross margin, including contribution from discontinued operations, increased to 73% from 62% in 2018;The Company consummated the previously announced sale of DenseLight for...

EINDHOVEN, The Netherlands, April 29, 2020 (GLOBE NEWSWIRE) — NXP Semiconductors N.V. (NASDAQ:NXPI) (together with its subsidiaries, “NXP”) announced today the pricing of the previously announced offering by its subsidiaries NXP B.V., NXP Funding LLC and NXP USA, Inc. (together, the “Issuers”) of $500 million aggregate principal amount of senior unsecured notes due 2025 (the “2025 Notes”), $500 million aggregate principal amount of senior unsecured notes due 2027 (the “2027 Notes”) and $1,000 million aggregate principal amount of senior unsecured notes due 2030 (the “2030 Notes” and, together with the 2025 Notes and the 2027 Notes, the “Notes”) pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The 2025 Notes will bear interest at 2.700% per annum and will mature on May...

SPRINGDALE, Ark., April 29, 2020 (GLOBE NEWSWIRE) — Tyson Fresh Meats, Inc., the beef and pork subsidiary of Tyson Foods, Inc. (NYSE: TSN), is currently winding down production and will temporarily pause operations Friday, May 1 through Monday, May 4 at its Dakota City, Neb., beef facility to complete a deep cleaning of the entire plant. The company has been working closely with the local health department and is also in the process of screening plant team members for COVID-19 this week, with assistance from the Nebraska National Guard.The facility, one of the largest beef processing plant in the country, employs a workforce of 4,300 and normally produces enough beef in one day to feed 18 million people, however with increased absenteeism over the last few weeks the company has scaled back production. While the plant is temporarily...

JEFFERSONVILLE, Ind., April 29, 2020 (GLOBE NEWSWIRE) — First Savings Financial Group, Inc. (NASDAQ: FSFG – news) (the “Company”), the holding company for First Savings Bank (the “Bank”), today reported a net loss of $627,000, or a net loss of $0.26 per diluted share, for the quarter ended March 31, 2020 compared to net income of $3.5 million, or net income of $1.50 per diluted share, for the quarter ended March 31, 2019.The net loss of $627,000 for the quarter ended March 31, 2020 was primarily the result of a $4.0 million net loss recorded for the mortgage banking segment and provision for loan losses of $1.7 million during the period.  The net loss for the mortgage banking segment is primarily the result of unfavorable market value movements related to forward mortgage loan sale contracts, interest...

VANCOUVER, British Columbia, April 29, 2020 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) reports Red Chris metal production for the first quarter of 2020 was 22.5 million pounds copper and 17,427 ounces gold, up from 21.7 million pounds copper and 12,155 ounces gold in the fourth quarter of 2019.  Imperial’s 30% portion of the first quarter production was 6.7 million pounds copper and 5,228 ounces gold.Exploration UpdateTwo drilling programs are underway at Red Chris. The East Zone Resource Definition Programme is designed to obtain geological, geotechnical and metallurgical data to support future studies for underground block cave mining. The Brownfields Exploration Programme is focused on searching for additional zones of higher grade mineralization within the Red Chris porphyry corridor.  A total of...

WICHITA, Kan., April 29, 2020 (GLOBE NEWSWIRE) — Equity Bancshares, Inc. (NASDAQ: EQBK), (“Equity”, “we”, “us”, “our”), the Wichita-based holding company of Equity Bank, announced the hire of Eric R. Newell as Chief Financial Officer (“CFO”), as well as changes in roles among its senior leadership team, including Chief Financial Officer Gregory H. Kossover becoming Chief Operating Officer, and Craig L. Anderson moving to serve as President of Equity Bank.Mr. Newell will join Equity on April 30, 2020 and assume CFO duties after the completion of the second quarter reporting period and following the filing of Equity’s second quarter 10-Q, after June 30, 2020. Mr. Kossover will be working with Mr. Newell, and assisting in the transition over the next 90 days.“It’s a time of change in our industry, but I’m extremely pleased in the leadership,...

NEW YORK, April 29, 2020 (GLOBE NEWSWIRE) — On April, 2, 2019 8:30 ET, iFresh, Inc., a leading Asian American grocery supermarket chain and online grocer previously announced that its affordable 3-ply disposable face masks  would be available in iFresh chain stores, the iFresh online store at www.onlineifresh.com, and via the Amazon marketplace. Unfortunately, iFresh’s application to sell the face masks on Amazon was rejected and the masks are only available through its online store at www.onlineifresh.com and chain stores. About iFresh, Inc.iFresh Inc. (Nasdaq: IFMK), headquartered in Long Island City, New York, is a leading Asian American grocery supermarket chain and online grocer on the east coast of U.S. With nine retail supermarkets along the US eastern seaboard (with additional stores in Glen Cove, Miami and Connecticut opening...

Negotiated covenant flexibility for the Company’s existing credit facilitiesReduced quarterly cash dividend to $0.0375 per shareExcept where otherwise noted, all currency amounts are stated in United States dollars.VANCOUVER, British Columbia, April 29, 2020 (GLOBE NEWSWIRE) — Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that, in addition to the actions previously announced, it is taking additional measures to enable greater financial flexibility and preserve liquidity in response to the current uncertain market conditions caused by the COVID-19 pandemic and low oil price environment.The Company is working with its banking partners to obtain flexibility on certain financial covenants in its existing $300 million committed revolving credit facility and $800 million non-revolving construction facility. The Company has...

WICHITA, Kan., April 29, 2020 (GLOBE NEWSWIRE) — Equity Bancshares, Inc. (NASDAQ: EQBK), (“Equity”, “we”, “us”, “our”), the Wichita-based holding company of Equity Bank, reported its unaudited results for the first quarter ended March 31, 2020, including net income allocable to common stockholders of $1.3 million, or $0.08 per diluted share.“Our first quarter 2020 results exceeded our expectations on a pre-loan loss provision basis,” said Brad Elliott, Chairman and CEO of Equity. “We were able to increase our net interest margin by moving swiftly to lower our cost of liabilities in the quarter.  In this COVID-19 environment we believe the prudent course of action, at this point, is to provide reserves for the unknown, which we did with a $9.9 million provision for loan losses.”Equity completed over 1,600 Small Business Administration...

SEATTLE, April 29, 2020 (GLOBE NEWSWIRE) — With the recent reports of a dog testing positive for COVID-19 in North Carolina, data from Trupanion, the leading provider of medical insurance for pets, confirms they have nothing unusual to report related to pet health.With over 500,000 pets under its medical insurance coverage, Trupanion receives thousands of data points daily. Since the start of COVID-19 testing in pets began, Trupanion has yet to see any tests come through their veterinary invoice data.In addition, if pets were being affected by this virus, the database would reflect an upward trend in respiratory and gastrointestinal claims since the pandemic was first reported. According to Trupanion’s database of millions of claims for sick pets over 20 years, the frequency of claims with those conditions over the last several...