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Month: August 2021

Solid Oxide Fuel Cell Market to Hit USD 5.31 Billion in 2028; Increasing Need to Reduce Carbon Emissions and High Energy Demand to Boost Growth: Fortune Business Insights™

Leading Companies in the Global Solid Oxide Fuel Cell Market are Ceres, Bloom Energy, Convion, AVL, AISIN, SOLIDpower Italia, Bosch, Mitsubishi Power, FuelCell Energy, Inc., Catator AB, Elcogen, Nexceris, LLC, Suzhou Huatsing Jingkun New Energy Technology Co., Ltd., Sunfire GmbH Pune, India, Aug. 06, 2021 (GLOBE NEWSWIRE) — The global solid oxide fuel cell market is set to gain traction from the increasing initiatives by various research institutions to conduct extensive R&D activities for developing novel SOFC technology. Researchers at the Korea Institute of Science and Technology (KIST) and the Seoul National University, for instance, developed a cutting-edge thin-film 3-D process and micro-patterning technology in August 2020 to produce highly efficient SOFC units. This information is published by Fortune Business Insights™...

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Cresval Reports on Annual General Meeting Voting Results

VANCOUVER, British Columbia, Aug. 05, 2021 (GLOBE NEWSWIRE) — Cresval Capital Corp. (“Cresval” or the “Company”) (TSX-V: CRV) reports the results of its Annual General Meeting (the “Meeting”) held on July 30, 2021. A total of 8,962,552 common shares, or 29.66% of the total issued and outstanding common shares of the Company, were represented at the Meeting in person or by proxy. The details of the voting results for the election of directors are set out below:  Votes For WithheldDirector Number Percentage Number PercentageAnthony Taylor 8,687,052 97.39% 233,000 2.61%Paul Hickey 8,687,052 97.39% 233,000 2.61%Victor Jaramillo 8,687,052 97.39% 233,000 2.61%Carlos Lau 8,910,052 99.89% 10,000 0.11%Douglas Yee 8,670,052 97.20% 250,000 2.80%The shareholders approved all other matters as proposed. Cresval would...

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KnowBe4 Announces Partial Early Lock-up

TAMPA BAY, Fla., Aug. 05, 2021 (GLOBE NEWSWIRE) — KnowBe4, Inc. (NASDAQ: KNBE), provider of the leading security awareness training and simulated phishing platform, today announced a partial early lock-up release with respect to KnowBe4’s Class A common stock, par value $0.00001 per share (the “shares”), pursuant to the terms of the lock-up agreements (“lock-up agreements”) entered into by KnowBe4’s equity holders, including current executive officers and directors, with the underwriters of KnowBe4’s initial public offering. Pursuant to the terms of the lock-up agreements, the lock-up restrictions will end with respect to 15% of the shares (including shares underlying vested RSUs and stock options) of the shares subject to each lockup agreement if certain share price and other conditions are met. Accordingly, KnowBe4 expects that...

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PDL Community Bancorp Announces 2021 Second Quarter Results

NEW YORK, Aug. 05, 2021 (GLOBE NEWSWIRE) — PDL Community Bancorp (the “Company”) (NASDAQ: PDLB), the financial holding company for Ponce Bank (the “Bank”) and Mortgage World Bankers, Inc. (“Mortgage World”), reported net income of $5.9 million, or $0.35 per basic and diluted share, for the second quarter of 2021, compared to net income of $2.5 million, or $0.15 per basic and diluted share, for the prior quarter and a net loss of ($571,000), or ($0.03) per basic and diluted share, for the second quarter of 2020. Second Quarter HighlightsNet interest income of $13.7 million for the current quarter increased $840,000, or 6.5%, from prior quarter and increased $4.2 million, or 44.2%, from same quarter last year. Income before income taxes of $7.8 million for the current quarter increased $4.7 million, or 146.5%, from prior quarter...

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Upwork Announces Pricing of Offering of $500.0 Million of 0.25% Convertible Senior Notes Due 2026

SAN FRANCISCO, Aug. 05, 2021 (GLOBE NEWSWIRE) — Upwork Inc. (“Upwork”) (Nasdaq: UPWK) today announced that it has priced $500.0 million aggregate principal amount of 0.25% convertible senior notes due 2026 (the “notes”). The notes are to be offered and sold in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Upwork also granted the initial purchasers of the notes an option to purchase, within a 13-day period from, and including the date on which the notes are first issued, up to an additional $75.0 million aggregate principal amount of notes. The sale is expected to close on August 10, 2021, subject to customary closing conditions, and is expected to result in approximately $487.0 million in net proceeds to Upwork after deducting the...

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Badger Infrastructure Solutions Ltd. Announces 2021 Second Quarter Results

CALGARY, Alberta, Aug. 05, 2021 (GLOBE NEWSWIRE) — Badger Infrastructure Solutions Ltd. (“Badger”, the “Company”, “we”, “our” or “us”) (TSX:BDGI) reported second quarter results today. All results are presented in Canadian dollars unless otherwise stated. Second Quarter Financial and Operational HighlightsRevenue was $135.6 million compared with $134.5 million in the second quarter of 2020. After normalizing for the effects of foreign exchange, revenue was up 11% compared with the second quarter of 2020. Gross profit margin was 19.2% compared with 34.5% in 2020 and Adjusted EBITDA margin was 10.6% compared with 26.4% in the second quarter of 2020. Adjusted EBITDA was $14.4 million compared with $35.6 million in the second quarter of 2020, which included $5.2 million in Canada Emergency Wage Subsidy benefits. Excluding one-time...

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CORRECTION — El Pollo Loco Holdings, Inc. Announces Second Quarter 2021 Financial Results

COSTA MESA, Calif., Aug. 05, 2021 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by El Pollo Loco Holdings, Inc. (Nasdaq: LOCO) please note that the third table table titled UNAUDITED RECONCILIATION OF SYSTEM-WIDE SALES TO COMPANY-OPERATED RESTAURANT REVENUE AND TOTAL REVENUE had incorrect figures in the last two rows. The corrected release follows: El Pollo Loco Holdings, Inc. (Nasdaq: LOCO) today announced financial results for the 13-week period ended June 30, 2021. Highlights for the second quarter ended June 30, 2021 compared to the second quarter ended June 24, 2020 were as follows:Total revenue was $122.0 million compared to $99.6 million. System-wide comparable restaurant sales(1) increased 21.0%. Income from operations was $12.7 million compared to $7.4 million. Restaurant contribution(1)...

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Millrock Provides Exploration Update For Alaska Gold Projects

Figure 1. Millrock gold project locations within the Tintina Gold Province, Alaska.Figure 1. Millrock gold project locations within the Tintina Gold Province, Alaska.Figure 2. Reverse circulation drill rig in operation on the East Pogo block, 64North Gold Project, Goodpaster District, Alaska.Figure 2. Reverse circulation drill rig in operation on the East Pogo block, 64North Gold Project, Goodpaster District, Alaska.Figure 3. CSAMT Line 2 Cross Section on the East Pogo block, 64North Gold Project, Goodpaster District, Alaska.Figure 3. CSAMT Line 2 Cross Section on the East Pogo block, 64North Gold Project, Goodpaster District, Alaska.Figure 4. Blue shading indicates Millrock / Felix Gold mineral land holdings in the Fairbanks Gold District, Alaska.Figure 4. Blue shading indicates...

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Reservoir Capital Corp. Chief Financial Officer Resignation

VANCOUVER, British Columbia, Aug. 05, 2021 (GLOBE NEWSWIRE) —  (CSE: REO) – Reservoir Capital Corp. (CSE: REO) (“REO” or the “Company“) has announced that, effective August 3, 2021, Mr. Omar Gonzalez has resigned as the Company’s Chief Financial Officer (“CFO“). The search for a new CFO has been initiated by management. About Reservoir Capital Corp. REO’s asset portfolio comprises minority indirect economic interests in clean power assets (currently 4 hydro power plants) representing 46.3MW of net operating capacity. REO’s 2019 Financial Statement (year ended Dec. 31, 2019) shows dividend income from the Company’s investments of $1,756,152 during the twelve-month period. REO’s Vision & Mission is to assemble a balanced portfolio of producing and near-production clean energy assets...

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Parkland delivers strong second quarter financial and operating results with Adjusted EBITDA of $322 million

CALGARY, Alberta, Aug. 05, 2021 (GLOBE NEWSWIRE) — Parkland Corporation (“Parkland”, “we”, the “Company”, or “our”) (TSX:PKI) today announced its financial and operating results for the three months ended June 30, 2021 (“Q2 2021”), raised its full-year 2021 Adjusted EBITDA Guidance to $1.25 billion +/- 5 percent, and lowered its 2021 Capital Expenditure Guidance range by $50 million to between $350 – $500 million. Highlights include1:Adjusted EBITDA attributable to Parkland (“Adjusted EBITDA”) of $322 million, up 69 percent year-over-year, underpinned by continued strong marketing performance and organic growth, high utilization at the Burnaby refinery, acquisitions, and volume recovery. Adjusted earnings attributable to Parkland (“Adjusted earnings”)...

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