Day: December 20, 2021

(2021-12-20) Kitron has entered into an agreement to acquire Danish EMS company BB Electronics A/S, which has production facilities in Denmark, China and the Czech Republic. The deal is clearly earnings accretive and adds significant shareholder value. “BB Electronics gives us a solid position in one more Nordic country and extends Kitron’s footprint in CEE and China. The acquisition also provides a pathway to establishment in India. BB Electronics has well-run and highly automated manufacturing operations serving a loyal long-term customer base. Its position within higher-complexity segments fits perfectly with Kitron’s strategy,” said Peter Nilsson, President and CEO of Kitron. “We’re impressed with the track record of the BB team and look forward to working together.We expect BB Electronics to continue with very...

L’ASSOMPTION, Québec, Dec. 20, 2021 (GLOBE NEWSWIRE) — Terranueva Corporation (CSE: TEQ) (“Terranueva” or the “Corporation”) is pleased to announce that its subsidiary Terranueva Pharma Corporation has been granted an amendment to its cannabis production and processing license now allowing it to sell dried cannabis to the public through authorized provincial distributors and retailers in Canada. The President of Terranueva, Jean-Luc Landry, underlines that this is the achievement of an important milestone to reach the Corporation’s objectives and mentions that the latter aims to initiate sales with the Société québécoise du cannabis (SQDC) during the first quarter of 2022. ABOUT TERRANUEVA Terranueva relies on research and development, innovation and operational efficiency to become a major player...

The U.S. subsidiary of world leader in graphene manufacturing for EV battery application will bring technology, jobs, and dependable supply chains to rapidly growing U.S. and European markets ROYAL OAK, Mich., Dec. 20, 2021 (GLOBE NEWSWIRE) — Graphex Group Limited (HKSE:6128)(OTCQX:GRFXY), a world leader in graphene technologies and products used in electric vehicle (EV) battery and energy storage production, is pleased to announce the formation of its U.S. subsidiary, Graphex Technologies LLC (Graphex), and the appointment of its new CEO.  Graphex Group is one of the largest manufacturers of spherical graphite, a key material for production of lithium-ion battery cells used to form layers of graphene in the anode of lithium-ion battery cells. It currently leverages its high-volume manufacturing process and product technology,...

GRAND RAPIDS, Mich., Dec. 20, 2021 (GLOBE NEWSWIRE) — Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board of Directors authorized a 2022 share repurchase plan on December 17, 2021. Under the terms of the 2022 share repurchase plan, the Company is authorized to buy back up to 1,100,000 shares, representing approximately 5% of its common stock. The 2022 share repurchase plan is authorized to last through December 31, 2022. The Company intends to accomplish 2022 share repurchases through open market transactions, though the Company could accomplish repurchases through other means, such as privately negotiated transactions. The timing and amount of any share repurchases will depend on a variety of factors, including, among others, securities...

OVERLAND PARK, Kan., Dec. 20, 2021 (GLOBE NEWSWIRE) — Yellow Corporation (NASDAQ: YELL) CEO Darren Hawkins joined White House National Economic Council Director, Brian Deece; U.S. Transportation Secretary Pete Buttigieg; and U.S. Labor Secretary Marty Walsh, along with a small group of supply chain leaders, at the White House to support the Biden Administration’s Trucking Action Plan. The plan highlights three strategic initiatives for the trucking industry to recruit and train new drivers, including taking steps to reduce barriers to drivers obtaining a commercial driver’s license. The plan also better enables companies to conduct veteran-focused recruitment programs while accelerating the expansion of registered apprenticeship programs.  “These initiatives could not come at a better time,” said CEO Darren Hawkins. “With a nation-wide...

New York, New York, Dec. 20, 2021 (GLOBE NEWSWIRE) — NorthView Acquisition Corp. (NASDAQ: NVACU) (the “Company”) announced today that it priced its initial public offering of 16,500,000 units at a price to the public of $10.00 per unit. The units are expected to commence trading on December 20, 2021 on the Nasdaq Global Market under the symbol “NVACU.” Each unit consists of one share of common stock, one right, and one-half of one redeemable warrant. Each right entitles the holder to receive one-tenth (1/10) of one share of common stock upon the consummation of an initial business combination. Each whole warrant entitles the holder to purchase one share of common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the common stock, rights and warrants are expected to be traded...