Day: October 21, 2020

OAKDALE, Calif., Oct. 21, 2020 (GLOBE NEWSWIRE) — Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results. For the three months ended September 30, 2020, consolidated net income was $3,748,000, or $0.46 per diluted share (EPS), compared to $2,581,000, or $0.32 EPS for the prior quarter and $3,231,000, or $0.40 EPS for the same period of 2019. Consolidated net income for the nine months ended September 30, 2020 totaled $9,038,000, or $1.11 EPS, representing a decrease of $260,000 or 2.8%, compared to $9,298,000, or $1.15 EPS for the nine months ended September 30, 2019.The third quarter net income increase was primarily due to a decrease in loan loss provision to $193,000 during...

GENEVA, Switzerland, Oct. 21, 2020 (GLOBE NEWSWIRE) — Etrion Corporation (“Etrion” or the “Company”) (TSX: ETX / OMX: ETX), a solar independent power producer, announces that it is exploring strategic alternatives to maximize the value of its solar portfolio in Japan.Etrion has engaged Mitsubishi UFJ Morgan Stanley Securities Co., Ltd (“MUMSS”) as financial advisor to assist with the potential sale of the Company’s 57-megawatt operating solar portfolio and its 45-megawatt solar park under construction in Japan.The Company has received several non-binding proposals from strategic and financial investors regarding the potential purchase of its Japanese assets. A short-listed group of interested parties is now engaged in detailed due diligence of the assets. Management anticipates receiving one or more binding offers by end of the...

CLEVELAND, Oct. 21, 2020 (GLOBE NEWSWIRE) — Lincoln Electric Holdings, Inc. (Nasdaq: LECO) (“Company”), announced today that Steven B. Hedlund will serve as Executive Vice President and President of both the Americas Welding and International Welding segments. Regional presidents in the Americas, EMEAR and Asia Pacific will report directly to him.In this newly expanded role, Hedlund will lead the welding segments’ Higher Standard 2025 Strategy initiatives to advance growth and enhance margin and return performance. Strategic investments in standardized IT systems, operational processes, shared service centers, and joint product development platforms have further aligned the regional welding businesses and enable a more effective leadership structure.“During Steve’s tenure at Lincoln Electric, his valuable leadership and contributions...

SAN DIEGO, Oct. 21, 2020 (GLOBE NEWSWIRE) — Retrophin, Inc. (NASDAQ: RTRX) today announced it will report third quarter 2020 financial results on Thursday, November 5, 2020 after the close of the U.S. financial markets. The Company will host a conference call and webcast to discuss the financial results and provide a general business update at 4:30 p.m. ET.A replay of the call will be available from 7:30 p.m. ET, November 5, 2020 to 7:30 p.m. ET, November 12, 2020. The replay number is +1 (855) 859-2056 (U.S.) or +1 (404) 537-3406 (International), confirmation code 7362327.About RetrophinRetrophin is a biopharmaceutical company specializing in identifying, developing and delivering life-changing therapies to people living with rare disease. The Company’s approach centers on its pipeline featuring sparsentan, a product candidate...

Perrysburg, Ohio, Oct. 21, 2020 (GLOBE NEWSWIRE) — O-I Glass, Inc. (NYSE: O-I) and Germany’s Krones AG signed a strategic collaboration agreement that aims to elevate glass by innovating together and to jointly create solutions for the growing glass market.“For O-I, glass is the preferred packaging solution in a world that increasingly values health, premium products and the environment. Not only does it maintain the integrity of the products and protects the environment, as customers and consumers intend, but it also offers magnificent opportunities for establishing brands and implementing sustainable solutions,” explains Andres Lopez, President and CEO at O-I. “This agreement is the first step that O-I and Krones are taking together in order to offer clients completely integrated, end-to-end solutions in the future.”Focus areas...

NEWTOWN, Pa., Oct. 21, 2020 (GLOBE NEWSWIRE) — Helius Medical Technologies, Inc. (Nasdaq:HSDT) (TSX:HSM) (“Helius” or the “Company”), a neurotech company focused on neurological wellness, announced today that it has entered into a securities purchase agreement for a private placement with a select group of accredited investors. The private placement will consist of an aggregate of 6,664,022 shares of the Company’s Class A Common Stock, or common stock, and warrants to purchase an aggregate of 3,332,013 shares of common stock, at a purchase price of $0.52 per unit, consisting of one share of common stock and a warrant to purchase 0.50 shares of common stock, resulting in total gross proceeds of approximately $3.4 million. The warrants have an exercise price of $0.452 per share of common stock and will be exercisable for a period...