Month: June 2021

ANDOVER, Mass., June 30, 2021 (GLOBE NEWSWIRE) — Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, has achieved a significant milestone with the delivery of more than 1,000 NanoSWITCH® rugged network switches to Oshkosh® Defense for its Joint Light Tactical Vehicle (JLTV) program. The NanoSWITCH delivers enterprise-level multi-layer gigabit Ethernet switching capabilities and a SWaP-optimized VICTORY (Vehicular Integration for C4ISR/EW Interoperability) management infrastructure for the JLTV. This latest milestone continues Mercury’s 40 years of serving the needs of major defense prime contractors by developing affordable, trusted, secure subsystems designed to operate in the harshest environments. “We’re proud to support our customer on this...

Collaboration combines Apellis’ expertise in complement, a complex biological system, with Beam’s proprietary base editing platform Companies will collaborate on six research programs directed to tissues modulated by the complement system, including the eye, liver, and brain WALTHAM, Mass. and CAMBRIDGE, Mass., June 30, 2021 (GLOBE NEWSWIRE) — Apellis Pharmaceuticals, Inc. (Nasdaq: APLS) and Beam Therapeutics Inc. (Nasdaq: BEAM) today announced an exclusive five-year research collaboration focused on the use of Beam’s proprietary base editing technology to discover new treatments for complement-driven diseases. The companies will collaborate on six research programs focused on C3 and other complement targets in the eye, liver, and brain. “Beam has pioneered base editing, which holds significant promise as a best-in-class technology...

TYSONS, Va., June 30, 2021 (GLOBE NEWSWIRE) — Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has closed on the sale of the 210-room Hotel Indigo San Diego Gaslamp Quarter in San Diego, CA and the 204-room Courtyard Washington Capitol Hill Navy Yard in Washington, DC, for combined gross proceeds of $149 million, or approximately $360,000 per key. When adjusted for Park’s anticipated capital expenditures (“capex”), the sale price represents a 7.0% capitalization rate on 2019 net operating income (7.4% excluding capex), or 12.8x 2019 EBITDA (12.2x excluding capex). Proceeds from the sale will be used to fully repay debt currently outstanding on the Company’s revolving credit facility and partially repay debt currently outstanding on its one remaining bank term loan. “I am very pleased with the progress...

ABM’s EnhancedClean™ Program Receives Recognition by the American Business Awards and IABC Gold Quill Awards Programs NEW YORK, June 30, 2021 (GLOBE NEWSWIRE) — ABM Industries (NYSE: ABM), a leading provider of facility solutions today announced that its COVID-19 response-driven EnhancedClean™ Program was honored by two prestigious award programs. ABM recently received three Gold Quill Awards from the International Association of Business Communicators (IABC) for its COVID-19 response plan and approach in delivering the science-based cleaning and disinfecting program to market, and in April received a Silver Stevie Award from the American Business Awards (ABA) for the “Most Valuable Corporate Response” to the COVID-19 pandemic. Additionally, ABM Franchising Group, LLC, a subsidiary of ABM, won a Bronze Stevie Award for the “Support...

HAMILTON, Bermuda, June 30, 2021 (GLOBE NEWSWIRE) — American Overseas Group Limited (BSX: AORE.BH) (Pink Sheets: AOREF.PK) (“AOG” or the “Company”) today reported consolidated net income available to common shareholders of $1.0 million, or $20.81 per diluted share, for the three months ended March 31, 2021. This compares to consolidated net loss available to common shareholders of $0.8 million, or $17.97 per diluted share, for the three months ended March 31, 2020. The result for the three months was driven by property and casualty growth in both existing and new programs. Book value per weighted share at March 31, 2021 was $1,055.01 a decline from the book value per weighted share of $1,062.22 at December 31, 2020.   For the three months ended March 31, 2021, the Company had operating income of $0.9 million, or $19.99 per diluted...

The Board of Directors in Bank Norwegian ASA hereby invite to an Extraordinary General Meeting (EGM) of shareholders of Norwegian Finans Holding ASA on Thursday 22 July 2021 at 09.00 CET. The merger of Norwegian Finans Holding ASA (NOFI) and Bank Norwegian ASA (BANO) is expected to be executed after market close on 20 July and will entail that the current NOFI shareholders will be BANO shareholders from 21 July, cf. the merger plan item 6. In order to ensure an open and transparent process the notice of the general is sent to current NOFI shareholders so that these also receive notice 21 days prior to the meeting, cf. the Public Limited Liability Companies Act section 5-11 b. The main purpose of the EGM is to elect members of the Board of Directors of Bank Norwegian ASA. The EGM will be held digitally using electronic voting. Please...