Month: August 2020

VANCOUVER, British Columbia, Aug. 31, 2020 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today announced that it has been awarded a long-term agreement for the supply of electronic control units to a leading Tier One automotive supplier.Westport Fuel Systems will manufacture and supply the electronic control units that will be integrated in the electric water pumps of two light-duty vehicle models of the counterparty automotive original equipment manufacturer (“OEM”) in Europe, starting in the first quarter of 2021. The electric coolant pump is the core component of the vehicle cooling system and will result in reduced energy consumption and lower emissions. The electronic control units are to be supplied over a seven-year period with an estimated sales value of...

TORONTO, Aug. 31, 2020 (GLOBE NEWSWIRE) — CCL Industries Inc. (“CCL”) (TSX:CCL.A) (TSX:CCL.B), a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, has signed the New Plastics Economy Global Commitment led by the Ellen MacArthur Foundation. Launched in 2010, this charitable organization is dedicated to accelerating the transition to a circular economy: designing out waste and pollution, keeping products and materials in use, and regenerating natural systems. Since its creation, the charity has emerged as a global thought leader on the circular economy, keeping it on the agenda of decision makers across business, government and academia.The New Plastics Economy, a part of the Ellen MacArthur Foundation, is a circular vision for plastic...

PORTLAND, Ore., Aug. 31, 2020 (GLOBE NEWSWIRE) — Schmitt Industries, Inc. (NASDAQ: SMIT) (the “Company” or “Schmitt”) today announced its operating results for the fiscal year ended May 31, 2020.For the year ended May 31, 2020 (“Fiscal 2020”), the Company reported revenue from continuing operations of $4,189,924, a decline of 11.4% from $4,729,442 in Fiscal 2019. The decrease in revenue was caused by a decline in product sales at Acuity and XACT of 21.4% and 31.5%, respectively. The decline was partially offset by an increase in Xact monitoring services in the “Internet of Things” industry of 11.5%.Gross margin increased to 46.6% for Fiscal 2020 from 37.4% in Fiscal 2019. The increase was primarily due to a product mix shift towards higher-margin Xact monitoring revenue and $167,479 in revenue from a discontinued product line with...

VANCOUVER, British Columbia, Aug. 31, 2020 (GLOBE NEWSWIRE) — Fortress Technologies Inc. (“Fortress” or the “Company”) (TSXV: FORT), a well-capitalized company currently evaluating emerging opportunities in technology sectors, reports its results of operations for the second quarter and six months period ended June 30, 2020 (“Q2 2020”). For the full condensed consolidated interim financial statements and management discussion & analysis for the Q2 2020, please visit the Company’s profile on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com. Six-Months Ended June 30, 2020“We are pleased to report revenue of $572,046 and net income of $95,188 for the first six months of 2020,” said Aydin Kilic, CEO of Fortress.“Fortress is in a strong financial position, with $10,487,777 of fiat, digital currency,...

ASHEVILLE, N.C., Aug. 31, 2020 (GLOBE NEWSWIRE) — HomeTrust Bancshares, Inc. (the “Company”) (NASDAQ: HTBI), the holding company for HomeTrust Bank (the “Bank”), announced today that the Company’s Board of Directors (the “Board”) has appointed Rebekah M. Lowe as a director of the Company, effective September 1, 2020. Ms. Lowe also has been appointed to the Board of Directors of the Bank, effective September 1, 2020. Ms. Lowe has served as an Advisory Director of the Company and the Bank since January 2020.  Ms. Lowe is the Chief Executive of FizzyWork Executive Coaching, providing executives and teams with leadership coaching that includes leadership dynamics, business culture assessment & strategy, diversity & inclusion development, and board development. Previously, she served in a variety of roles at Wachovia Bank (now...

TORONTO, Aug. 31, 2020 (GLOBE NEWSWIRE) — CB2 Insights Inc. (“CB2” or the “Company”) (CSE: CBII; OTCQB: CBIIF), one of the largest integrative healthcare systems in the United States, today reported its Q2 2020 consolidated financial results for the period ended June 30, 2020. Additional information concerning the Company, including its unaudited condensed consolidated interim financial statements and related management’s discussion and analysis (“MD&A”) for the period ended June 30, 2020, can be found at www.sedar.com and on the Company’s website (www.cb2insights.com). All amounts are expressed in Canadian dollars unless otherwise noted.Following an initial slowdown due to the COVID-19 pandemic in March 2020, CB2 has continued to see growth in patient visits and registrations, while ongoing improvements to its business model...

BATON ROUGE, La., Aug. 31, 2020 (GLOBE NEWSWIRE) — Amedisys, Inc. (NASDAQ: AMED), one of America’s leading home health, hospice and personal care companies, today announced that Paul B. Kusserow, President and Chief Executive Officer will present at the Baird 2020 Global Healthcare Conference on Thursday, September 10, 2020.The presentation will begin at 1:25 p.m. Eastern Time.  To access a live webcast of the Amedisys presentation, please log on through our website at http://investors.amedisys.com.About Amedisys:Amedisys, Inc. is a leading healthcare at home company delivering personalized home health, hospice and personal care. Amedisys is focused on delivering the care that is best for our patients, whether that is home-based personal care; recovery and rehabilitation after an operation or injury; care focused on empowering...

BETHESDA, Md., Aug. 31, 2020 (GLOBE NEWSWIRE) — Host Hotels & Resorts, Inc. (NYSE: HST) (the “Company”), the nation’s largest lodging real estate investment trust, today announced that Host Hotels & Resorts, L.P. (“Host L.P.”), for whom the Company acts as sole general partner, has priced its offering (the “Offering”) of an additional $150 million aggregate principal amount of 3.50% Senior Notes due 2030 (the “Notes”). The Notes are being issued as additional notes under an existing supplemental indenture under which Host L.P. issued $600 million aggregate principal amount of 3.50% Senior Notes due 2030 (the “Existing Notes”) on August 20, 2020. The Notes will have the same terms as, be equal in right of payment with, of the same series as, and vote as a single class with, the Existing...

Second Quarter Revenue of $657 million, up 9% Year-over-YearRecord Quarterly Bookings of $288 million, an increase of 107% Year-over-YearNet loss of $33 million, or ($0.20) per diluted shareAdjusted EBITDA was $188 million and Adjusted EBITDA margin was 29%SAN ANTONIO, Aug. 31, 2020 (GLOBE NEWSWIRE) — Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end multicloud technology solutions company, today announced results for its second quarter ended June 30, 2020.Rackspace Technology Chief Executive Officer Kevin Jones commented, “We are proud and very excited to report our second quarter results following our IPO earlier this month. The quarter was highlighted by accelerating revenue growth driven by our ramping sales bookings growth over the past year. This quarter’s impressive 107% growth in sales bookings further validates...

WASHINGTON, Aug. 31, 2020 (GLOBE NEWSWIRE) — WashREIT (NYSE:WRE), a leading owner of multifamily and commercial properties in the Washington Metro area, will release third quarter earnings results after market close on Thursday, October 29, 2020.The conference call will be held on Friday, October 30, 2020 at 11:00 am ET.  Conference call access information is as follows:Instant replay of the conference call will be available until Friday, November 13, 2020, at 11:00 pm ET. Instant replay access information is as follows:The live webcast of the conference call will be available on the investor section of WashREIT’s website at www.washreit.com. WashREIT owns and operates uniquely positioned real estate assets in the Washington, DC Metro area. Backed by decades of experience, expertise, and ambition, we create value by transforming...