Day: March 4, 2021

Global Ship Lease Reports Results for the Fourth Quarter of 2020

Written by Customer Service on March 4, 2021. Posted in Earnings Releases And Operating Results.

LONDON, March 04, 2021 (GLOBE NEWSWIRE) — Global Ship Lease, Inc. (NYSE:GSL) (the “Company,” “Global Ship Lease” or “GSL”), a containership charter owner, announced today its unaudited results for the three months and year ended December 31, 2020.Full Year 2020 and Year To Date 2021 Highlights– Reported operating revenue of $70.0 million for the fourth quarter 2020. Operating revenue for the year ended December 31, 2020 was $282.8 million.– Reported net income available to common shareholders of $10.8 million for the fourth quarter 2020 after $0.5 million premium paid on the redemption in December 2020 of $28.0 million of our 9.875% Senior Secured Notes due 2022 (“2022 Notes”), giving normalized net income(3) of $11.3 million. For the year ended December 31, 2020, net income available to common shareholders was $37.6 million,...

Asia Broadband Signs Letter of Intent to Acquire Gold Mine and Production Facilities in Mascota, Mexico

Written by Customer Service on March 4, 2021. Posted in Mergers And Acquisitions.

LAS VEGAS, March 04, 2021 (GLOBE NEWSWIRE) — via InvestorWire – Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce it has signed a Letter of Intent (LOI) to acquire an historic production gold mine property and on-site processing facilities in the prolific mining region of Mascota in Jalisco, Mexico. The 200-hectare property, located approximately 3 kms from the community of Navidad, has two mine sites, existing infrastructure and a 50-ton per day processing facility operating on 25 hectares of the property. The Company has been strategically broadening its initiative to acquire gold production and increase the AABB’s physical gold holdings.In the coming weeks, the Company will be conducting further due diligence and continuing its negotiations to acquire the estimated $30 million property. All efforts...

Cerence and CerebrumX to Develop New Data-Enabled Use Cases, Insights and Services for the Automotive Ecosystem

Written by Customer Service on March 4, 2021. Posted in Public Companies.

BURLINGTON, Mass., and PRINCETON, N.J., March 04, 2021 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, and CerebrumX , a startup using connected car data and augmented learning to maximize the value of connected vehicles, today announced that they have entered into a strategic partnership. Together, the companies will enable OEMs to create new revenue streams based on connected car data by creating new AI-powered applications, insights and services that improve the in-car experience and enhance safety and security.Following Cerence’s strategic investment in CerebrumX alongside LG Technology Ventures, the companies will integrate CerebrumX’s Augmented Deep Learning Platform (ADLP), a real-time, cloud-based platform for car-generated data and insights, into Cerence Drive, the world’s leading technology and...

Allegro MicroSystems Announces Sale of Thailand Manufacturing Facility

Written by Customer Service on March 4, 2021. Posted in Mergers And Acquisitions.

MANCHESTER, N.H., March 04, 2021 (GLOBE NEWSWIRE) — Allegro MicroSystems, Inc. (“Allegro”), a global leader in sensing and power semiconductor technology, today announced that it has entered into a definitive agreement to sell its manufacturing facility in Thailand (“AMTC”) to an undisclosed third party. The AMTC purchase price is approximately $30 million before fees and expenses. This sale is an important milestone in the execution of Allegro’s manufacturing transformation to streamline back-end operations and enhance gross margin.Allegro had previously announced its plans for back-end facility consolidation as part of a multi-year strategic transformation to optimize the company’s manufacturing footprint and reduce fixed costs. Last quarter, the company shared that it had successfully transferred production from AMTC into its...

X4 Pharmaceuticals Reports Fourth Quarter and Full Year 2020 Financial Results and Provides Corporate Update

Written by Customer Service on March 4, 2021. Posted in Earnings Releases And Operating Results.

2021 expected to be a year of key value-driving catalysts as company advances multiple clinical programs with lead candidate mavorixaforCompany anticipates completing full enrollment in WHIM Phase 3 trial in 2021 and presenting clinical data from the ongoing Phase 1b Waldenström’s trial throughout the yearConference call today at 8:30 a.m. ETBOSTON, March 04, 2021 (GLOBE NEWSWIRE) — X4 Pharmaceuticals, Inc. (Nasdaq: XFOR), a leader in the discovery and development of novel therapies targeting diseases resulting from dysfunction of the CXCR4 pathway, today reported financial results for the fourth quarter and full year ended December 31, 2020. The company also provided an update on its lead product candidate, mavorixafor, a novel small molecule currently being evaluated in a Phase 3 clinical trial (4WHIM) for patients with WHIM (warts,...

Lumine Group Acquires TransMedia Dynamics

Written by Customer Service on March 4, 2021. Posted in Mergers And Acquisitions.

TORONTO, March 04, 2021 (GLOBE NEWSWIRE) — Lumine Group (“Lumine”), a division of Volaris Group focused in the communications and media vertical, today announced that it has completed the acquisition of TransMedia Dynamics (“TMD”). TMD is a provider of content supply chain software used by some of the world’s most visionary and innovative media & entertainment, government and archive organizations.Founded in 1998, TMD has evolved its extensive product suite delivering solutions to major brands and institutions including Astro (Measat Broadcast Networks) Malaysia, Discovery Inc, National Film & Sound Archives of Australia, National Archives of Australia, RTÉ, Weigel, Wildbrain and Yle. “Since our beginning, TMD’s vision has been to provide the global media marketplace with a content supply chain management platform incorporating...

Real Estate Developer Intracorp Acquires South Austin Land Assemblage from Rastegar Property Company

Written by Customer Service on March 4, 2021. Posted in Mergers And Acquisitions.

AUSTIN, Texas, March 04, 2021 (GLOBE NEWSWIRE) — Prominent North American real estate developer Intracorp is excited to reveal plans for its next Austin project called One Oak, a 106 unit mixed-use community located at 2209 South 1st Street in the desirable Bouldin Creek neighborhood in the heart of South Austin, 78704. Intracorp acquired the Bouldin Creek land assemblage by an agreement with Austin-headquartered Rastegar Property Company, a technology-enabled private real estate investment firm focused on value-add and development in all asset classes throughout Austin and the Sun Belt region of the United States.The new community located on South 1st Street and Live Oak will be four stories and will include one – three bedroom homes, with the larger homes featuring expansive outdoor terraces. All residents will benefit from access...

Macarthur Minerals Announces Spin-Out of its Pilbara Gold Copper Tenements to Timeless Capital

Written by Customer Service on March 4, 2021. Posted in Mergers And Acquisitions.

VANCOUVER, British Columbia, March 04, 2021 (GLOBE NEWSWIRE) — Macarthur Minerals Limited (TSX-V: MMS) (ASX: MIO) (OTCQB: MMSDF) (“Macarthur”) and Timeless Capital Corp. (TSX-V: TLC.P) (“Timeless”) are pleased to announce that they have entered into a letter of intent in respect of a proposed transaction (the “Transaction”), whereby Timeless shall acquire: (i) from Macarthur, through its wholly owned subsidiary, Macarthur Lithium Pty Ltd (“MLi”), a portfolio of Macarthur’s Pilbara, Western Australia tenements (“Pilbara Assets”) plus CAD$1.4 million in cash which Macarthur may choose to fund from the value derived from Macarthur’s shareholding in FE Limited (collectively, the “Macarthur Contribution”), and (ii) from Zanil Pty Ltd. (“Zanil”), an Australian company, a portfolio of gold copper tenements, located near Leonora in Western...

Ceylon Graphite Announces Discovery of New Graphite Veins and Provides Operational Update

Written by Customer Service on March 4, 2021. Posted in Public Companies.

VANCOUVER, British Columbia, March 04, 2021 (GLOBE NEWSWIRE) — Ceylon Graphite Corp. (“Ceylon Graphite”, or “CYL” or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce the discovery of new graphite veins on its H1 site and provide an operational update as the Company continues to achieve significant milestones as business activities have returned to planned levels in 2021 post COVID-19 disruptions.Highlights Include:Discovery of new graphite veins from the recently commenced drilling at the Company’s H1 site (the Company’s third site in addition to the K1 and M1 mines). Both drills have passed 60 meters depth in the first days of drilling. Samples have been sent to the GSMB for testing.The Industrial Mining License Category A for the K1 mine has been renewed by the Geological Society and Mines Bureau of the...

Dyne Therapeutics Reports Fourth Quarter and Full Year 2020 Financial Results and Recent Highlights

Written by Customer Service on March 4, 2021. Posted in Public Companies.

– Preclinical Data Further Validate FORCE™ Platform; Driving Toward IND Submissions for DM1, DMD and FSHD Programs Between Q4’21 and Q4’22 –– Recent Appointments to Experienced Leadership Team Strengthen Company’s Clinical Development Capabilities –– Successful Financings Expected to Provide Cash Runway into the Second Half of 2024 –WALTHAM, Mass., March 04, 2021 (GLOBE NEWSWIRE) — Dyne Therapeutics, Inc. (Nasdaq: DYN), a muscle disease company focused on advancing innovative life-transforming therapeutics for people living with genetically driven diseases, today reported financial results for the fourth quarter and full year 2020 and recent business highlights.“2020 was a transformational year for Dyne. We delivered validating data for our FORCE™ platform and programs, further strengthened...

Day: March 4, 2021

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