Month: April 2020

Maranello (Italy), 8 April 2020 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) confirms that its Annual General Meeting of Shareholders (the “AGM”) will be held on 16 April 2020 in Amsterdam according to the previously announced agenda. Due to travel bans and local restrictions on meetings issued because of the Covid-19 outbreak, it is anticipated that executive directors will attend our AGM via remote connection. Furthermore, for health and safety reasons the Company will take several measures to minimize public health risks relating to the AGM and further measures will be introduced in the event local prescriptions should be amended. The Company, therefore, reserves the right to amend the physical arrangements on the day of the AGM, including refusing entry to the meeting to comply with health and safety requirements.As...

PERRYSBURG, Ohio, April 08, 2020 (GLOBE NEWSWIRE) — O-I Glass, Inc. (NYSE: OI) today provided a business update in light of the rapid developments related to COVID-19. “O-I’s operating performance was solid during the first quarter of 2020, reflecting the positive impact of the company’s turnaround initiatives. While demand was stable for most of the quarter, shipment and production levels did decline in several markets in late March reflecting the impact of COVID-19. Importantly, glass packaging has been considered an essential element of the food and beverage value chain in most jurisdictions and end-use categories that O-I serves. As a result, the majority of our plants are operating with minimal interruption.  However, we have temporarily curtailed some capacity to adapt to revised customer demand and comply with governmental...

ANDOVER, Mass., April 08, 2020 (GLOBE NEWSWIRE) — Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced it received a $4.7 million order from a leading defense prime contractor to provide artificial intelligence (AI) processing technology for integration into an advanced airborne electro-optic system. The order was booked in the Company’s fiscal 2020 third quarter and is expected to be shipped over the next several quarters.“Mercury solutions are designed to be the most rugged, durable and highest performing available to meet the rigorous demands of military and commercial customers,” said Joe Plunkett, Mercury’s Vice President and General Manager for Mercury’s Sensor Processing group. “Our ability to provide datacenter-quality processing...

Williamsville, NY, April 08, 2020 (GLOBE NEWSWIRE) — 22nd Century Group, Inc. (NYSE American: XXII) (“22nd Century” or “the Company”), a leading plant biotechnology company focused on reduced nicotine tobacco and hemp/cannabis plant genetics research and development, announced today that the Company will hold its 2020 Annual Meeting of Stockholders using a virtual meeting format.  The decision to move to a virtual meeting was done in order to protect the health and safety of meeting participants during the coronavirus (COVID-19) pandemic. The meeting will take place on Friday, May 1, 2020 at 10:30 AM Eastern time. The live webcast will be available under the Events tab on the Investor Relations section of the Company’s website at www.xxiicentury.com and will be archived for at least 90 days.Stockholders of record at the close of business...

ISSAQUAH, Wash., April 08, 2020 (GLOBE NEWSWIRE) — Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $15.49 billion for the retail month of March, the five weeks ended April 5, 2020, an increase of 11.7 percent from $13.87 billion last year.For the thirty-one weeks ended April 5, 2020, the Company reported net sales of $96.25 billion, an increase of 9.0 percent from $88.29 billion during the similar period last year.Comparable sales were as follows:Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows:Additional discussion of these results is available in a pre-recorded telephone message. It can be accessed by dialing 1-855-859-2056 (conference ID 1985632). This message will be available through 5:00 p.m. (PT) on Wednesday, April...

HOUSTON and PITTSBURGH, April 08, 2020 (GLOBE NEWSWIRE) — U.S. Well Services, Inc. (Nasdaq: USWS) today announced it has executed a long-term contract to provide electric hydraulic fracturing services for EQT Corporation (NYSE: EQT) using its next-generation Clean Fleet® technology.  Pursuant to the terms of the agreement, U.S. Well Services will provide a dedicated electric hydraulic fracturing fleet to support EQT’s completions activity for three years if all optional extensions are exercised.“U.S. Well Services is pleased to announce that we have formalized our partnership with EQT following its successful trial of the Clean Fleet® technology beginning in the fourth quarter of 2019,” said Joel Broussard, U.S. Well Services’ President and Chief Executive Officer.  “EQT is the largest producer of natural gas in the United States...

TORONTO, April 08, 2020 (GLOBE NEWSWIRE) — Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces updates on operations and activities at the Eagle River Complex in Wawa, Ontario and the Kiena Complex in Val d’Or, Quebec.The Eagle River complex has further reduced operations, which will be in effect until the resumption of normal activities is deemed safe and appropriate.  Non-production related work, such as exploration, and mine construction activities, and the Mishi Open Pit operations have all been suspended in order to facilitate significant crew reductions and allow for enhanced physical distancing to limit the potential spread of the COVID-19 virus. Based on results to date and short-term forecasts, the Company is maintaining production guidance of 90,000 – 100,000 ounces.Additionally, in accordance...

HOUSTON, April 08, 2020 (GLOBE NEWSWIRE) — Gulf Island Fabrication, Inc. (“Gulf Island” or the “Company”) (NASDAQ: GIFI) announced today that it received notification of an award for the construction of two additional towing, salvage and rescue ships (“T-ATS”) for the U.S. Navy (“Navy”). This represents the Navy’s execution of its fourth and fifth options for Gulf Island’s construction of five T-ATS vessels that will be built in the Company’s facility in Houma, Louisiana. The Navy has remaining options for three additional vessels. “We are honored that the Navy has exercised the options for two additional vessels. This is great news for our employees in Houma, Louisiana as it will provide additional stability during these uncertain times. We look forward to continuing our partnership with the Navy as...

MALVERN, Pa., April 08, 2020 (GLOBE NEWSWIRE) — Neuronetics, Inc. (NASDAQ: STIM), a commercial stage medical technology company focused on designing, developing and marketing products that improve the quality of life for patients who suffer from psychiatric disorders, today announced that its Board of Directors authorized the adoption of a limited duration rights plan (“Rights Plan”). The rights will be issued to shareholders of record on April 20, 2020 and will expire on April 8, 2021.The Board has adopted this Rights Plan following careful consideration, among other factors, of the COVID-19 pandemic’s disruptive impact on market stability and its effect on equity market valuations, including the recent dislocation of the Company’s stock price. The Board believes that the Company’s current trading level does not reflect Neuronetics’...

SAN ANTONIO, Texas, April 08, 2020 (GLOBE NEWSWIRE) — Rush Enterprises, Inc., (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America will host a conference call to discuss earnings for the first quarter of 2020 on Thursday, April 23, 2020 at 10:00 a.m. Eastern/9:00 a.m. Central.  Earnings will be reported after the close of market on Wednesday, April 22, 2020.Listen to the live conference call on Thursday, April 23, 2020 at 10:00 a.m. Eastern/9:00 a.m. Central by dialing one of the following telephone numbers:The conference call, featuring President, Chief Executive Officer and Chairman Rusty Rush; Executive Vice President Derrek Weaver; Chief Operating Officer Michael McRoberts; and Chief Financial Officer Steve Keller, can be accessed live via the Internet at http://investor.rushenterprises.com/events.cfm.For...