Day: March 24, 2021

EXTON, Pa., March 24, 2021 (GLOBE NEWSWIRE) — Omega Flex, Inc. (the “Company”) (NASDAQ:OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.28 per share payable on April 14, 2021 to shareholders of record on April 5, 2021.   Kevin R. Hoben, the Company’s chairman stated that: “The commitment to maintain the regular quarterly dividend at this challenging time for the country and the economy is the best indication of our belief in the Company’s ability to weather this storm.” In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant,...

Expects to present data at multiple scientific conferences in 2021 2020 year-end cash position of $412 million Further strengthened cash position with $627 million in net IPO proceeds SEATTLE, March 24, 2021 (GLOBE NEWSWIRE) — Sana Biotechnology, Inc. (NASDAQ: SANA), a company focused on creating and delivering engineered cells as medicines, today reported financial results and business highlights for the fourth quarter and year ended December 31, 2020. “Engineering cells, whether done in vivo or ex vivo, has the potential to transform outcomes for patients across many diseases. We are excited about our significant progress in 2020 in turning this vision into a reality – continuing to build our scientific team, expanding our technology with key acquisitions and licenses, and generating important data across multiple platforms and...

CRESSKILL, N.J. and JERUSALEM, March 24, 2021 (GLOBE NEWSWIRE) — BrainsWay Ltd. (NASDAQ & TASE: BWAY) (“BrainsWay” or the “Company”), a global leader in advanced noninvasive neurostimulation treatments for mental health disorders, today reported fourth quarter and full year 2020 financial results and provided an operational update. Recent Financial and Operational HighlightsFor the three months ended December 31, 2020, revenues were $7.1 million, a 17% increase sequentially from the third quarter of 2020, and a 12% increase from the fourth quarter of 2019. Cash, cash equivalents and short-term deposits as of December 31, 2020 amounted to $17.2 million, compared with $16.0 million at the end of the previous quarter, reflecting positive cash flow from operations. As of December 31, 2020, BrainsWay’s Deep TMS installed base...

IRVINE, Calif., March 24, 2021 (GLOBE NEWSWIRE) — ClearPoint Neuro, Inc. (Nasdaq: CLPT) (the “Company”), a global therapy-enabling platform company providing navigation and delivery to the brain, today announced that Ellisa Cholapranee will join the Company as General Counsel on April 5, 2021. Ms. Cholapranee will report directly to Joe Burnett, ClearPoint Neuro’s Chief Executive Officer, and serve as a member of the Company’s senior leadership team. “Ellisa is a tremendous addition to our capable and growing leadership team,” commented Joe Burnett, President and CEO of ClearPoint Neuro. “Not only does Ellisa offer the broad experience in compliance, contracting and strategy, but like our Company itself, she has experience in both medical devices and biologics and drug delivery. Her insight having worked extensively as a partner...

EL SEGUNDO, Calif., March 24, 2021 (GLOBE NEWSWIRE) — Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) today announced payment of the previously-declared $5.00 per share special cash dividend to holders of its common shares and convertible senior notes, on an as-converted basis. The special dividend was paid to holders of record as of March 10, 2021. Payment of the special cash dividend was made in connection with the anticipated acquisition of Aerojet Rocketdyne by Lockheed Martin Corporation (NYSE: LMT) in an all-cash transaction previously announced on December 20, 2020. Under the terms of the acquisition agreement, Aerojet Rocketdyne’s payment of the special dividend adjusts the consideration to be paid by Lockheed Martin at closing from $56.00 per share to $51.00 per share. The transaction is expected to close in the second half...

MIAMI, March 24, 2021 (GLOBE NEWSWIRE) — Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games”), leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, today announced it has entered a binding term sheet to acquire Digital Tales USA LLC, the mobile game developer that creates official mobile games for the FIM Superbike World Championship (WorldSBK). This acquisition would expand and continue to diversify Motorsport Games’ development expertise, particularly in the mobile sector, while also introducing two-wheel racing to its product portfolio. “The planned addition of the Digital Tales team to the Motorsport Games family is the latest step in our ambitious strategy and commitment to make Motorsport Games a leader in the virtual racing world, both by enhancing...

AUSTIN, Texas, March 24, 2021 (GLOBE NEWSWIRE) — Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States. The company announced today that Noble Federal Credit Union, a $1.019 billion institution based in Fresno, CA has selected Open Lending’s Lenders Protection™ program to expand their reach, allowing them to serve more members and their community. “We treat members with kindness, dignity and honor. We do the right thing by helping members make sound financial decisions,” said Richard Wendt, SVP, Lending/Chief Lending Officer at Noble Federal Credit Union.  “We look forward to our partnership with Open Lending as it will allow us to serve more members with the dignity they deserve.” Open Lending’s flagship product, Lenders Protection™,...

YAVNE, Israel, March 24, 2021 (GLOBE NEWSWIRE) — MediWound Ltd. (Nasdaq: MDWD), a fully integrated biopharmaceutical company focused on next-generation bio-therapeutic solutions for tissue repair and regeneration, today announced that it will host an analyst day webinar on EscharEx®, MediWound’s enzymatic debridement agent for chronic wounds, on Tuesday, March 30, 2021 at 10am Eastern Time. The webinar will feature presentations by key opinion leaders (KOLs) Robert S. Kirsner, M.D., Ph.D., University of Miami; Adam J. Singer, M.D., Stony Brook University; and Robert J. Snyder, D.P.M., M.Sc., Barry University. The KOLs will discuss the current U.S. chronic wound debridement practices and how EscharEx, upon approval, has the potential to change the current standard of practice and care of chronic wounds, recent in vivo head-to-head...

SUNRISE, Fla., March 24, 2021 (GLOBE NEWSWIRE) — FedNat Holding Company (Nasdaq: FNHC), a regional insurance holding company, announced today that its Board of Directors has set the date of the Company’s 2021 annual meeting of shareholders for May 27, 2021. The meeting, which will be held in a web-based virtual format, will be held at 11 AM (ET). Shareholders of record as of the close of business on April 1, 2021 will be entitled to vote at the annual meeting. About the Company FedNat is a regional insurance holding company that controls substantially all aspects of the insurance underwriting, distribution and claims processes through our subsidiaries and contractual relationships with independent agents and general agents. The Company, through our wholly owned subsidiaries including FedNat Insurance Company, Maison Insurance Company,...

RESTON, Va., March 24, 2021 (GLOBE NEWSWIRE) — Lightbridge Corporation (NASDAQ: LTBR), an advanced nuclear fuel technology company, announced financial results for the fiscal year ended December 31, 2020 and provided an update on the Company’s continued progress. Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, “Despite the challenges faced in 2020 during the COVID-19 pandemic, I’m happy with the progress Lightbridge has made throughout the year. In summary, throughout 2020, Lightbridge has taken steps to reduce many of the risks associated with our business. One major step in 2020 included securing US government support for our fuel development program through our GAIN voucher award from the U.S. Department of Energy. We believe that the federal government’s ongoing commitment...