Day: October 5, 2020

10x Genomics Advances into Emerging Field of In Situ Analysis with Two Acquisitions

Written by Customer Service on October 5, 2020. Posted in Mergers And Acquisitions.

PLEASANTON, Calif., Oct. 05, 2020 (GLOBE NEWSWIRE) — Continuing on its mission of mastering biology to advance human health, 10x Genomics, Inc. (Nasdaq: TXG) today announced that it has entered into a definitive agreement to acquire ReadCoor, Inc., developer of foundational In Situ technologies, based in Boston, for cash and stock consideration of $350 million. The announcement follows 10x Genomics’ acquisition of Stockholm-based CartaNA AB, developers of In Situ RNA analysis technology, in late August.The two acquisitions will give 10x Genomics comprehensive and foundational intellectual property; key technology advances; and deep talent and expertise in the emerging In Situ field. In Situ approaches will give scientists the ability to measure large numbers of molecules directly in tissue by capturing the precise location of those...

TypTap Insurance Company Launches Phase One of Nationwide Expansion

Written by Customer Service on October 5, 2020. Posted in Public Companies.

TAMPA, Fla., Oct. 05, 2020 (GLOBE NEWSWIRE) — TypTap Insurance Company, a rapidly growing, technology-driven insurance company and a subsidiary of HCI Group, Inc. (NYSE: HCI), has launched Phase One of its planned nationwide expansion, which the company first announced in early August.According to the company, Phase One involves applying to state insurance regulators to write homeowners insurance in 20 states outside of Florida: Arkansas, Colorado, Georgia, Idaho, Illinois, Indiana, Iowa, Maine, Massachusetts, Michigan, Mississippi, Montana, Nevada, New Mexico, South Carolina, South Dakota, Tennessee, Utah, West Virginia and Wisconsin.“We’re working with regulators in those states,” said TypTap President Kevin Mitchell, “and expect to gain significant approvals by early next year. We look forward to introducing agents and prospective...

Generac Accelerates Its Energy Technology Capabilities With Acquisition of Enbala Power Networks

Written by Customer Service on October 5, 2020. Posted in Mergers And Acquisitions.

WAUKESHA, Wis., Oct. 05, 2020 (GLOBE NEWSWIRE) — Generac Holdings Inc. (“Generac” or the “Company”) (NYSE: GNRC) today announced the signing of an agreement to acquire Enbala Power Networks Inc. (“Enbala”), a leading distributed energy resources technology company. The deal solidifies Generac’s position as a market leader in Smart Grid 2.0 technologies and opens opportunities for the Company as a grid services provider.Denver-based Enbala is one of the leading providers of distributed energy optimization and control software needed to ensure the operational stability of the world’s power grids. Its Enbala Concerto™ platform is being used by utilities and energy retailers around the world to leverage the power of distributed energy resources (DERs) to respond to the real-time energy balancing needs of power systems and energy markets.“We’re...

AMSC Accelerates toward Profitability with the Acquisition of Northeast Power Systems, Inc.

Written by Customer Service on October 5, 2020. Posted in Mergers And Acquisitions.

AMSC Extends Product Offerings in the Industrial Sector; Acquisition Expected to be Accretive to Earnings Per ShareAMSC Announces Preliminary Financial Results, Provides Preliminary Business Outlook, and Holds Conference Call on October 6, 2020AMSC Expected to Generate Positive Operating Cash Flow in the Third (December) Quarter of Fiscal 2020AYER, Mass., Oct. 05, 2020 (GLOBE NEWSWIRE) — AMSC (Nasdaq: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of our Navy’s fleet, today announced that it has acquired Northeast Power Systems, Inc. (NEPSI), a private company based in upstate New York that supplies medium voltage metal-enclosed capacitor banks, harmonic filters, fast switching reactive power solutions...

Minnesota Bank & Trust Donates $20,000 to Noble Academy

Written by Customer Service on October 5, 2020. Posted in Public Companies.

MBT LogoEdina, MN, Oct. 05, 2020 (GLOBE NEWSWIRE) — Minnesota Bank & Trust announced today it will donate $20,000 to Noble Academy on World Teachers’ Day.“World Teachers’ Day is dedicated to recognizing teachers for the important work they do to help our children learn, grow and succeed,” said Stephen Bishop, Minnesota Bank & Trust President and CEO. “It also serves as a reminder that this is a particularly challenging year for many of our K-12 schools, teachers and students.”Through its partnership with the national non-profit organization, AdoptAClassroom.org, the funds are intended for the school to purchase much-needed tools and materials, so they can successfully and safely continue to operate.“Whether school is taking place in the classroom or remotely from home, the need for additional school supplies, especially...

PyroGenesis Announces Receipt of $4.8MM Down Payment under US Navy Contract

Written by Customer Service on October 5, 2020. Posted in Public Companies.

MONTREAL, Oct. 05, 2020 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the “Company”, the “Corporation” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch products, is pleased to announce that, further to its press release dated September 4th, 2020, it has received the first payment (“Down Payment”) of approx. $4.8MM under the previously announced $11.5MM contract (the “Contract”). The Contract is to provide two of PyroGenesis’ waste destruction systems (the “Systems”), one for each ship of the US Navy’s two-ship build.The Systems are expected to be built within the next 18 months, and are to be installed on the next Gerald...

FTI Announces $600,000 Private Placement

Written by Customer Service on October 5, 2020. Posted in Public Companies.

TORONTO, Oct. 05, 2020 (GLOBE NEWSWIRE) — (TSX Venture:FTI) FTI Foodtech International Inc. (“FTI”) announces that it intends to arrange a private placement for up to $600,000.The proposed private placement would be a non-brokered offering of 2,000,000 units of the Issuer, (the “Units”), at a price of $0.30 per Unit. Each Unit will be comprised of one Common Share and one common share purchase warrant (a “Warrant”), each Warrant being exercisable to acquire one Common Share at a price of $0.50 per Common Share for a period of one (1) year following the closing date of the private placement.The proceeds will be used for costs related to sales and marketing of PPE supplies and the Rapid-Result Serological COVID-19 Antibody Test Kit, to evaluate other opportunities, to cover the company’s operating expenses and to reduce...

Freddie Mac Sells $464 Million in NPLs

Written by Customer Service on October 5, 2020. Posted in Public Companies.

McLEAN, Va., Oct. 05, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today announced it sold via auction 2,806 non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio. The loans, with a balance of approximately $464 million, are currently serviced by Specialized Loan Servicing LLC. The transaction is expected to settle in December 2020. The sale is part of Freddie Mac’s Standard Pool Offerings (SPO®). Freddie Mac, through its advisors, began marketing the transaction on September 8, 2020 to potential bidders, including non-profits and Minority, Women, Disabled, LGBT, Veteran or Service-Disabled Veteran-Owned Businesses (MWDOBs), neighborhood advocacy organizations and private investors active in the NPL market. Bids for the upcoming Extended Timeline Pool Offering (EXPO), which is a...

Old National to announce third-quarter 2020 earnings and hold conference call / webcast

Written by Customer Service on October 5, 2020. Posted in Public Companies.

EVANSVILLE, Ind., Oct. 05, 2020 (GLOBE NEWSWIRE) — Old National Bancorp (NASDAQ: ONB) will release details of its financial results for the third-quarter 2020 on Monday, October 19, 2020, prior to the market opening. A conference call will be held at 9:00 a.m. (Central), 10:00 a.m. (Eastern) that same day to review these results, strategic developments and the Company’s financial outlook.The audio webcast link, earnings release and corresponding presentation slides will be available on the Investor Relations page of Old National’s website prior to the beginning of the conference call. The webcast will be archived for 12 months, and an audio replay of the call will be available from Noon (Central) on October 19 through November 2. To access the audio replay, dial 1-855-859-2056, Conference ID Code 1086029.ABOUT OLD NATIONALOld National...

Trupanion Partners with the Humane Society of the United States to Help Expectant Pet Parents Navigate the Current Pet Adoption Landscape

Written by Customer Service on October 5, 2020. Posted in Public Companies.

SEATTLE, Oct. 05, 2020 (GLOBE NEWSWIRE) — Trupanion, a leader in medical insurance for cats and dogs, will host a webinar on all you need to know about adopting a pet on Thursday, October 8, 2020 at 4pm PT/7pm ET. This is a first in a series of free webinars that will showcase everything potential new pet owners need to know about adopting a pet.Trupanion has teamed up with the Humane Society of the United States to bring together experts in the field to help potential new pet owners navigate the current pet adoption landscape.“It’s clear that more and more people are turning to the companionship and comfort that pets can bring into their lives and their homes during these times,” said Dr. Steve Weinrauch, chief veterinary officer at Trupanion. “We saw this phenomenon early in our data with an increase in families adding pets to...

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Day: October 5, 2020

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