Day: January 21, 2021

Eldorado and QMX Announce Friendly Acquisition of QMX by Eldorado

Written by Customer Service on January 21, 2021. Posted in Mergers And Acquisitions.

VANCOUVER, British Columbia, Jan. 21, 2021 (GLOBE NEWSWIRE) — ELDORADO GOLD CORPORATION (TSX: ELD; NYSE: EGO) (“Eldorado”) and QMX GOLD CORPORATION (TSX-V: QMX) (“QMX”) are pleased to announce that they have entered into a definitive arrangement agreement (the “Agreement”) pursuant to which Eldorado will acquire all of the outstanding shares of QMX (not already owned by Eldorado) for total consideration of approximately C$132 million on a 100% and fully diluted basis or C$0.30 per QMX share (the “Arrangement”). Eldorado currently owns 68,125,000 shares of QMX, or approximately 17% of QMX shares outstanding, which it purchased at C$0.06 per share in a private placement on December 30, 2019.Transaction TermsUnder the terms of the Arrangement, each holder of QMX shares will receive, for each QMX share held, (i) C$0.075 in cash and...

FuelCell Energy Reports Fourth Quarter and Fiscal Year 2020 Financial Results

Written by Customer Service on January 21, 2021. Posted in Earnings Releases And Operating Results.

Fiscal Fourth Quarter 2020 Financial Highlights(All comparisons year-over-year unless otherwise noted)Revenues of $17.0 million compared to $11.0 million, a 54% increaseLoss from operations of $(17.1) million compared to $(33.0) millionNet loss of $(18.9) million compared to $(35.2) millionAdjusted EBITDA of $(8.6) million compared to $(11.0) millionFiscal Year 2020 Financial Highlights(All comparisons year-over-year unless otherwise noted)Revenues of $70.9 million compared to $60.8 million, a 17% increaseLoss from operations of $(39.2) million compared to $(66.9) millionNet loss of $(89.1) million compared to $(77.6) millionAdjusted EBITDA of $(17.7) million compared to $(31.4) millionBacklog of $1.29 billion, a decrease of 2.5%DANBURY, Conn., Jan. 21, 2021 (GLOBE NEWSWIRE) — FuelCell Energy, Inc. (Nasdaq: FCEL) — a global...

Industrial Cyber Security (ICS) Market to Reach USD 29.41 Billion by 2027; Increasing Deployment of Robots in the Automotive Industry, states Fortune Business Insights™

Written by Customer Service on January 21, 2021. Posted in Mergers And Acquisitions.

Pune, Jan. 21, 2021 (GLOBE NEWSWIRE) — The global industrial cybersecurity market size is excepted reach to reach USD 29.41 billion by 2027, exhibiting a CAGR of 8.2% during the forecast period. The integration of cybersecurity solutions and advanced cloud services by various industries will spur opportunities for the global market during the forecast period, states Fortune Business Insights, in a report, titled “Industrial Cyber Security (ICS) Market Size, Share & COVID-19 Impact Analysis, By Component (Product, Software and Services), By Security Type (Network Security, Cloud Application Security, End-point Security, Internet Security, and Others), By Industry (Process Industry and Discrete Industry) and Regional Forecasts, 2020-2027.” The market size stood at USD 15.84 billion in 2019.Click here to get the short-term and...

INTRUSION Inc. Makes Moves to Strengthen Sales Team

Written by Customer Service on January 21, 2021. Posted in Public Companies.

PLANO, Texas., Jan. 21, 2021 (GLOBE NEWSWIRE) — INTRUSION Inc. (NASDAQ: INTZ), a leading provider of entity identification, high speed data mining, cybercrime and advanced persistent threat detection services, is expanding its sales and engineering teams to support the company’s continued growth.Joe Head, one of INTRUSION’s co-founders, has been named Senior Vice President of Sales Engineering. In this role, he will lead a team of engineers who will support the sales team’s efforts to help demonstrate the technology and value of INTRUSION’s newest cybersecurity solution, Shield™ to potential customers.“Because of Joe’s 30+ years of technical expertise, along with his experience partnering with government entities to support their cybersecurity strategies, he is the right person to lead a team of systems engineers to further develop...

Sandy Spring Bancorp Reports Record Quarterly Earnings of $56.7 Million

Written by Customer Service on January 21, 2021. Posted in Earnings Releases And Operating Results.

Fourth Quarter Earnings Increase 27% over Prior Quarter and Drive Annual Net Income to $97.0 MillionOLNEY, Md., Jan. 21, 2021 (GLOBE NEWSWIRE) — Sandy Spring Bancorp, Inc., (Nasdaq-SASR), the parent company of Sandy Spring Bank, today reported record net income of $56.7 million ($1.19 per diluted common share) for the fourth quarter of 2020. The current quarter’s result compares to net income of $28.5 million ($0.80 per diluted common share) for the fourth quarter of 2019 and net income of $44.6 million ($0.94 per diluted common share) for the third quarter of 2020.Operating earnings for the current quarter, which exclude the impact of the provision for credit losses, the effects from the Paycheck Protection Program (“PPP” or “PPP program”) and merger and acquisition expense, each on an after-tax basis, were $48.2 million ($1.02...

Preeclampsia Diagnostics Market Worth USD 2.52 Billion at 11.0% CAGR; Increasing Healthcare Expenditure to Boost Growth: Fortune Business Insights™

Written by Customer Service on January 21, 2021. Posted in Mergers And Acquisitions.

Pune, India, Jan. 21, 2021 (GLOBE NEWSWIRE) — The global preeclampsia diagnostics market size is anticipated to gain momentum from the increasing number of pregnancies owing to the complete lockdown amid the COVID-19 pandemic. The report further states that this market size was USD 1.06 billion in 2019 and is projected to reach USD 2.52 billion by 2027, thereby exhibiting a CAGR of 11.0% during the forecast period. In 2019, North America generated USD 401.9 million in terms of preeclampsia screening market revenue. This growth is attributable to the significant healthcare expenditure and the rising usage of technologically advanced preeclampsia diagnostics kits in this region.KEY INDUSTRY DEVELOPMENTS:February 2019: Diabetomics announced the launch of Lumella, a rapid point-of-care test for Preeclampsia in Hydrabad.February 2016:...

US Biosimilars Market to Rise at a Staggering 46.2% CAGR and Hit USD 22,996 Million till 2027; Breakthrough Concepts in Treatment of Severe Diseases will Bode Well for Market Growth, says Fortune Business Insights™

Written by Customer Service on January 21, 2021. Posted in Mergers And Acquisitions.

Pune, Jan. 21, 2021 (GLOBE NEWSWIRE) — The US Biosimilars Market size is projected to reach USD 22,966 million by the end of 2027. The presence of several large scale companies that are engaged in the research and development of efficient biosimilars will have a huge impact on the growth of the overall market in the foreseeable future. According to a report published by Fortune Business Insights, the market was worth USD 737.2 million in 2019 and will exhibit a CAGR of 46.2% during the forecast period, 2020-2027.A biosimilar is a biological product that is similar to the reference biologic or a particular set where there are no clinical differences. Contrary to generics, the costs associated with biosimilars are significantly lower; a primary reason why there several studies that are revolving around the product. The increasing...

Martin Marietta Announces Fourth-Quarter and Full-Year 2020 Earnings Conference Call

Written by Customer Service on January 21, 2021. Posted in Public Companies.

RALEIGH, N.C., Jan. 21, 2021 (GLOBE NEWSWIRE) — Martin Marietta Materials, Inc. (NYSE:MLM) (“Martin Marietta” or the “Company”) today announced that it will provide an online Web simulcast of its fourth-quarter and full-year 2020 earnings conference call on Tuesday, February 9, 2021. The Company will release results for the quarter and year ended December 31, 2020, that morning before the market opens.A live audio webcast of Martin Marietta’s call will begin at 11:00 a.m. Eastern Time on February 9, 2021. An on-demand replay will be available approximately two hours following the conclusion of the live broadcast and will continue for one year. A link to both the live and replay events is available on the Company’s website.For those investors without online web access, the conference call may also be accessed by calling (970) 315-0423,...

Orphan Drugs Market to Reach USD 340.84 Billion by 2027; Increasing Number of Regulatory Approvals will Contribute to Market Growth, says Fortune Business Insights™

Written by Customer Service on January 21, 2021. Posted in Mergers And Acquisitions.

Pune, Jan. 21, 2021 (GLOBE NEWSWIRE) — The global orphan drugs market size is projected to reach USD 340.84 billion by the end of 2027. Increasing number of regulatory approvals will have a positive impact on the growth of the overall market in the coming years. According to a report published by Fortune Business Insights, the market was worth USD 151.00 billion in 2019 and will exhibit a CAGR of 10.5% during the forecast period, 2020-2027.Orphan drugs are medicinal products that are intended at the treatment of severe and life—threatening conditions including cancer. They are normally associated with the treatment of very rare diseases (affecting 1 in every 2000 people). The difficulty associated with the treatment of critical diseases has yielded massive investments in research and development.The presence of numerous large scale...

Repauno Port & Rail Terminal Announces Hank Alexander as Chief Executive Officer, Successfully Loads First Marine Vessel

Written by Customer Service on January 21, 2021. Posted in Public Companies.

GIBBSTOWN, N.J., Jan. 21, 2021 (GLOBE NEWSWIRE) — Repauno Port & Rail Terminal, located along the Delaware River in Gibbstown, New Jersey, announced today that Harry J. (Hank) Alexander has been named Chief Executive Officer. In addition, the facility has successfully received and loaded its first Liquified Petroleum Gas marine vessel, utilizing a new state of the art rail-to-ship loading system. Repauno Port & Rail Terminal is a subsidiary of Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI).Mr. Alexander brings more than 25 years of industry experience to the position, having most recently served as Senior Vice President of Commercial Operations for Energy Transfer, and previously with Sunoco Logistics Partners. While at Energy Transfer, Mr. Alexander was responsible for commercial, strategic growth...

Day: January 21, 2021

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