Month: May 2020

NETANYA, Israel, May 19, 2020 (GLOBE NEWSWIRE) — RADA Electronic Industries Ltd. (NASDAQ: RADA) announced today its financial results for the quarter ended March 31, 2020.Highlights of the first quarter of 2020Past and ongoing investments promoting strong growth, with quarterly revenues up 73% year-over-year to a record $15.1 million;Gross margin stability at 36%;Net income of $170,000 and positive Adjusted EBITDA of $863,000;US manufacturing facility ramping production;Quarter-end net cash position of $32.1 million.Reiterates 2020 revenues guidance in excess of $65 million, with continued sequential revenue growth throughout the year.Management CommentsDov Sella, RADA’s Chief Executive Officer commented, “Given the very significant opportunities we identified in the emerging business of mini-tactical radars a few years ago,...

WATERLOO, Ontario, May 19, 2020 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that innoAviation Limited, a leading unit load device (ULD) leasing and services provider, is using the Descartes CORE™ ULD Tracking solution as part of its service to help air carriers track critical COVID-19–related personal protective equipment (PPE) shipments.A significant percentage of air cargo coming from Asia today is PPE to fight COVID-19. Combined with an imbalance of ULDs, air carriers are challenged to move critical freight. innoAviation is leasing air carriers ULDs with Descartes Bluetooth Low Energy (BLE) tags and using Descartes CORE ULD Tracking to track shipments and better manage the ULDs. The cloud-based tracking solution supports...

The Extended Annual General Meeting of Iceland Sefood International hf was held on 19 May 2020 at Köllunarklettsvegur 2, 104 Reykjavík. The agenda included one item, where the board proposed that no dividend would be paid for the fiscal year 2019 and that net earnings for 2019 would be added to the Company’s equity.  This proposal was approved. No other business was brought up at the meeting and the meeting was closed. 

NEWPORT BEACH, Calif., May 19, 2020 (GLOBE NEWSWIRE) — DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (“DPW,” or the “Company”), hereby announces that its board of directors has approved a proposed realignment of its corporate structure. The realignment is intended to enhance DPW’s ability to reach its objectives, notably its growth strategy, as well as to assist its investors and others to better understand the components and purpose of each business segment. DPW Holdings will structure the Company into three separate groups: Gresham Worldwide, Coolisys Technologies Corp. (“Coolisys”) and DPW Financial Group.Gresham Worldwide, led by its CEO, Jonathan Read, consists of three established companies that provide high-quality, high-reliability bespoke technology solutions required for mission critical applications...

TORONTO and CAMBRIDGE, Mass., May 19, 2020 (GLOBE NEWSWIRE) — ProMIS Neurosciences, Inc. (TSX: PMN) (OTCQB: ARFXF), a company with unique, core technology to predict novel targets on the molecular surface of complex proteins, announced today that, in addition to its ongoing program to develop a high-throughput and accurate test for detection of antibodies to the causative agent of COVID-19, it has expanded its collaboration with BC Neuroimmunology (BCNI) to include development of highly sensitive and specific assays to support accurate screening and diagnosis of Alzheimer’s disease (AD).Both BCNI and ProMIS Neurosciences have years of experience utilizing surface plasmon resonance (SPR) technology, and believe that recent, significant advances in throughput and stability are likely to make SPR a broadly used and cost-effective diagnostic...

BETHESDA, Md., May 19, 2020 (GLOBE NEWSWIRE) — EagleBank today announced that it has been awarded the prestigious Raymond James Community Bankers Cup for the eighth time.  The award recognizes the top 10 per cent of community banks across the country based on profitability, operational efficiency and other balance sheet metrics.The pool of banks included for consideration includes all exchange-traded domestic banks, excluding mutual holding companies and potential acquisition targets with assets between $500 million and $10 billion as of December 31, 2019. “We are delighted to have once again been recognized by Raymond James for this milestone award,” said Susan Riel, Chief Executive Officer at EagleBank. “Raymond James is a multinational financial services company and their recognition underscores EagleBank’s long-standing commitment...

VIRGINIA BEACH, Va., May 19, 2020 (GLOBE NEWSWIRE) — Armada Hoffler Properties, Inc. (NYSE: AHH) today provided an update on April and May rent collections.As of May 15, the Company had collected 78% of total portfolio rents due for the month of May, which is ahead of the Company’s April collection rate at the same point last month. To date, the Company has collected 82% of April monthly rents across its operating property portfolio.April and May rent collections by tenant type and in the aggregate across the Company’s entire portfolio are presented in the table below:“The strength and resiliency of our diversified portfolio are evident in our rent collections for April and May,” said Louis Haddad, President and Chief Executive Officer. “Collections for May are ahead of where we were at this time last month and with the Mid-Atlantic...

Grand Junction, Colorado, May 19, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Bullfrog Gold Corp (BFGC:OTCQB; BFG:CSE; 11B:FSE) (“Bullfrog”, “BFGC” or the “Company”) is pleased to announce that drilling started on May 1, 2020 at the Bullfrog Project (“Project”) located 125 miles NW of Las Vegas, Nevada. The program consists of drilling 11,000 feet in 22 holes in the Montgomery-Shoshone and Bullfrog pit areas and two holes at our Paradise Ridge exploration target area. To date 14 holes have been drilled with batches of assay results scheduled for release starting in early June and completed by mid-July 2020. The direct costs are estimated at $500,000 for drilling, assaying, geological personnel and field services.About Bullfrog Gold Corp.Bullfrog Gold Corp. is a Delaware corporation that controls the commanding land and mineral...

TORONTO, May 19, 2020 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its first quarter (Q1) results for the period ended March 31, 2020.Production was 29,200 gold ounces and 553,200 silver ounces, or 35,100 gold equivalent ounces(1) (GEOs)(see Table 1), at the average gold:silver price ratio for the quarter of 94:1. A non-cash impairment charge for the Gold Bar mine of $83.8 million was recorded during Q1. The write down is necessary because a change in the geological interpretation resulted in a substantial reduction in expected gold production over the life of mine (see the Gold Bar Mine section below for further details). A consolidated net loss of $99.2 million, or $0.25 per share, primarily due to a $83.8 million impairment adjustment for the Gold Bar mine and $6.3 million spent on exploration and...

HICKSVILLE, NY, May 19, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Can B Corp (OTCQB: CANB) (“Can B Corp” or the “Company”), a diversified health and wellness company, would like to update its shareholders on the planned launch of certain branded products under a License Agreement with LifeGuard™ Licensing Corp.The Company is pleased to announce the completion of the 3D Design of the unique packaging of our “Skin Preserver” Sun Block line, as well as our Lip Balm line. The products are planned to launch in a value-add package with the unique and identifiable LifeGuard™ rescue buoy with lanyard rope. The Company is now moving forward to molds and manufacturing, and, with a soon to be contracted manufacturer, we will be moving quickly for the production of our initial SPF30 and SPF50 lines, as well an after-sun moisturizer....