Month: June 2020

MONMOUTH JUNCTION, N.J., June 25, 2020 (GLOBE NEWSWIRE) — Outlook Therapeutics, Inc. (Nasdaq: OTLK) (“the Company”), a late clinical-stage biopharmaceutical company working to develop the first FDA-approved ophthalmic formulation of bevacizumab for use in retinal indications, today announced that it has closed its previously announced registered direct offering priced at-the-market under Nasdaq rules of 8,407,411 shares of its common stock, at a purchase price of $1.215 per share, for aggregate gross proceeds of approximately $10.2 million.H.C. Wainwright & Co. acted as the exclusive placement agent.Outlook Therapeutics intends to use the net proceeds from the offering for working capital and general corporate purposes, including in support of its ONS-5010 development program.The shares of common stock offered in the offering...

MIDDLEFIELD, Ohio, June 25, 2020 (GLOBE NEWSWIRE) — Middlefield Banc Corp. (NASDAQ: MBCN) today announced that the Company has successfully secured $138 million for 1,259 small business applicants in the Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”). “As a community bank, we were able to quickly implement our PPP process and I am extremely proud of our entire organization’s hard work during this period.  In less than 60 days, our efforts helped 1,259 small businesses throughout Ohio navigate the unprecedented hardships caused by the COVID-19 crisis, while protecting over 12,000 jobs,” stated Thomas G. Caldwell, Middlefield’s President and Chief Executive Officer. “From April 4 to May 31, PPP loan volume was over 40 times higher than the SBA loans we processed in all of 2019.  Despite the surge...

SALT LAKE CITY, June 25, 2020 (GLOBE NEWSWIRE) — mophie® and InvisibleShield™, ZAGG Brands (NASDAQ:ZAGG) companies, today announced the mophie UV Sanitizer® and InvisibleShield UV Sanitizer, designed to kill 99.99% of the most common surface bacteria1 found on mobile devices and other frequently touched items by utilizing ultraviolet (UV) light. The mophie UV Sanitizer features a Qi-enabled wireless charging lid so users can simultaneously charge their mobile device while sanitizing other personal items such as keys, credit cards, earbuds, and more.The Center for Disease Control estimates that 80% of common infections are transmitted by hands2 while another study found an 82% overlap between bacteria on test subjects’ fingers and their phones.3 During this mobile age, it’s become nearly impossible to avoid contact with mobile devices,...

NORTHVILLE, Mich., June 25, 2020 (GLOBE NEWSWIRE) — Gentherm (NASDAQ: THRM), a global market leader and developer of innovative thermal management technologies, today announced that David Heinzmann has been appointed to the Company’s Board of Directors effective August 11, 2020.Heinzmann is President and CEO and a member of the Board of Directors of Littelfuse, Inc., a global manufacturer of leading technologies in circuit protection, power control and sensing. He has served as President and CEO since 2017, leading the strategic direction, customer development and new product strategy of Littelfuse. He began his career with Littelfuse in 1985 as a manufacturing engineer and has held positions of increasing responsibility, including Vice President, Global Operations from 2007 to 2013 and Chief Operating Officer from 2014 to 2016....

EDGEWOOD, N.Y., June 25, 2020 (GLOBE NEWSWIRE) — CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) announced that it received long lead funding of $5 million in anticipation of purchase orders that will total more than $20 million from Northrop Grumman to supply Outer Wing Panel (OWP) structural components and kits for the E-2D Advanced Hawkeye airborne command and control (ACC) aircraft. CPI Aero has been delivering OWP components and kits for multiple configurations of the E-2D Advanced Hawkeye since 2008. The expected future purchase orders are for additional requirements under the multi-year agreement that CPI Aero announced earlier this year, and increase the value of the previously announced multi-year contract to more than $70 million.Douglas McCrosson, President and CEO of CPI Aero, stated, “The E-2D Advanced Hawkeye...

San Francisco, CA, June 25, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Simlatus Corporation (OTC PINK: SIML) (“Simlatus” or the “Company”), announces today that its Chairman Richard Hylen is updating shareholders regarding the company’s subsidiary, Proscere Bioscience, and the overall financial future of the company including obtaining initial orders totaling $20Mil for its CBD coldwater extraction system.Chairman Richard Hylen stated, “Our subsidiary, Proscere Bioscience, has recently completed its testing and will move forward with completing the manufacturing of our CBD coldwater extraction systems and initial $20M in orders. We have one of the world’s largest distributors of CBD based products wanting to move forward in purchasing of systems. This allows their global operation to produce more efficiently, with less...

PARIS, June 25, 2020 (GLOBE NEWSWIRE) — Constellium SE (NYSE: CSTM) today announced that it will lead a consortium of automotive manufacturers and suppliers to develop structural aluminium battery enclosures for electric vehicles. The £15 million ALIVE (Aluminium Intensive Vehicle Enclosures) project will be developed in the UK and funded in part by a grant from the Advanced Propulsion Centre (APC) as a component of its low carbon emissions research program.“Constellium is delighted to partner with the APC, as well as automakers and suppliers in the UK to design, engineer and prototype a completely new structural aluminium battery enclosure,” said Paul Warton, President of Constellium’s Automotive Structures & Industry business unit. “Taking advantage of Constellium’s high-strength HSA6 extrusion alloys and new manufacturing...

COLORADO SPRINGS, June 25, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Gold Resource Corporation (NYSE American: GORO) (the “Company”) declares its monthly instituted dividend of one-third of a cent per common share for June 2020 payable on July 23, 2020 to shareholders of record as of July 13, 2020.  Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $114 million to its shareholders in consecutive monthly dividends since July 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.  For more information on Gold Resource Corporation’s physical dividend program, visit the Company website at http://www.goldresourcecorp.com/gold-silver-dividends.php.  Dividends...

VANCOUVER, British Columbia, June 25, 2020 (GLOBE NEWSWIRE) — Kutcho Copper Corp. (TSXV: KC) (OTC: KCCFF) (“Kutcho Copper” or the “Company”) is pleased to announce results of additional metallurgical testing on its 100% owned Kutcho Project in British Columbia, Canada.  These latest results came from a program focused on optimizing performance from the Main Lens composite and have shown improved copper and silver recoveries versus the 2017 Prefeasibility Study. In addition, the Company has conducted leach tests on the tailings, which has shown the potential to significantly increase copper, silver and gold recovery from both the Esso and Main Lenses.  Completion of this recent test program represents a significant portion of the metallurgical work required to complete the Feasibility Study for the Kutcho Project.HighlightsMain Lens...

TORONTO, June 25, 2020 (GLOBE NEWSWIRE) — As the school year officially comes to an end, Rogers Communications today announced its national Ted Rogers Community Grant partners have transitioned all youth programming online this summer, offering Canadian families free, self-directed educational experiences to fill the gap with many summer camps being cancelled due to COVID-19.  These programs focus on developing critical skills across technology, innovation, financial literacy and education with engaging and empowering programs designed to prepare Canada’s next generation.“School may officially be out, but learning in fun and interesting ways can continue over the summer months,” said Sevaun Palvetzian, Chief Communications Officer, Rogers Communications. “These free, online programs will help parents who don’t have in-person summer...