Day: January 26, 2022

SMITHFIELD, N.C., Jan. 26, 2022 (GLOBE NEWSWIRE) — KS Bancorp, Inc. (the “Company”) (OTC Pink: KSBI), parent company of KS Bank, Inc. (the “Bank”), announced unaudited results for the fourth quarter of 2021. The Company reported net income of $1.4 million or $1.29 per diluted share, for the three months ended December 31, 2021, an increase of 7.43% compared to net income of $1.3 million, or $1.20 per diluted share for the three months ended December 31, 2020. For the twelve months ended December 31, 2021, the Company reported an increase in net income of 39.2%. Net income was $6.1 million, or $5.50 per diluted share compared to $4.4 million, or $3.95 per diluted share for the twelve months ended December 31, 2020. Non-recurring Payroll Protection Program (PPP) fee income totaled $981,000 for 2021, compared to $430,000 in 2020. Net...

SOITEC REPORTS FY’22 THIRD QUARTER REVENUEQ3’22 revenue reached the record level of €208m, up 40% at constant exchange rates versus Q3’21First nine months of FY’22 revenue reached €581m, up 48% at constant exchange rates compared with the first nine months of FY’21FY’22 revenue guidance is confirmed at around $975m, up around 45% at constant exchange ratesFY’22 Electronics EBITDA1 margin2 guidance is also confirmed around 34% with a potential upside to reach around 35%Bernin (Grenoble), France, January 26th, 2022 – Soitec (Euronext Paris), a world leader in designing and manufacturing innovative semiconductor materials, today announced consolidated revenue of 207.6 million Euros for the third quarter of FY’22 (ended December 31st, 2021), up 39.6% compared with 148.7 million Euros achieved in the third quarter of FY’21....

Issuance of 3rd tranche of €500,000 of notes convertibles into new shares DEINOVE strengthens its cash position to finance its working capital needs and the pursuance of the Phase II clinical trial evaluating DNV3837 in patients with severe Clostridioides difficile infection DEINOVE (Euronext Growth Paris: ALDEI), a French biotech company, pioneer in the exploration and exploitation of bacterial biodiversity to address the urgent, global challenge of antibiotic resistance, announces today the issuance of a 3rd tranche of notes convertible into new shares (the “OC“) as part of the agreement entered into in September 20211 with the European Select Growth Opportunities Fund (the “Investor“) relating to a financing through the issuance of OC for a maximum nominal amount of €10 million, with a 5% face discount upon conversion...

VANCOUVER, British Columbia, Jan. 26, 2022 (GLOBE NEWSWIRE) — Teck Resources Limited (“Teck”) (TSX: TECK.A and TECK.B, NYSE: TECK) today announced an agreement with Caterpillar Inc. (“Caterpillar”) (NYSE: CAT) to work towards deploying 30 of Caterpillar’s zero-emissions large haul trucks at Teck mining operations. Decarbonizing Teck’s vehicle fleet represents a significant reduction in Scope 1 emissions as Teck works towards its goals to reduce the carbon intensity of its operations by 33% by 2030 and be a carbon-neutral operator by 2050. “Teck is already one of the world’s lowest carbon intensity producers of copper, zinc and steelmaking coal, and now we are taking further action to develop and implement the technology needed to reduce the carbon footprint of our operations and support global efforts to combat climate...

HUNTINGTON BEACH, CA, Jan. 26, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — One World Universe Inc. (OTC: OWUV), a publicly traded company that invests in sports related businesses, distressed assets, business opportunities within emerging industries such as the Metaverse, and providing humanitarian efforts in over 185 countries, is pleased to announce the successful surgery and recovery of Caren Currier, One World Universe CFO. An 80% blockage contributed to the heart attack that brought Mrs. Currier to the hospital. Her absence at work was intimately felt as colleagues waited for news of her surgery.  Receiving two stints, the riskier of the two implanted in her widow-maker, Mrs. Currier is now recovered and ready to continue forward with One World Universe’s mission.  We just ask and would very much appreciate if everyone...

Automotive Grade Components Combine Resistance Values Up to 7.5 MΩ With TCR of ± 25 ppm/K and Tight Tolerance of ± 0.1 % MALVERN, Pa., Jan. 26, 2022 (GLOBE NEWSWIRE) — Vishay Intertechnology, Inc. (NYSE: VSH) today announced that the company has enhanced its MC AT precision series of Automotive Grade thin film chip resistors with a wider range of resistance values in the 0402, 0603, and 0805 case sizes. The Vishay Beyschlag devices combine their high resistance values with TCR of ± 25 ppm/K, tight tolerances of ± 0.1 %, and thin film stability. The MCS 0402 AT, MCT 0603 AT, and MCU 0805 AT offer resistance values from 47 Ω to 1 MΩ, 2 MΩ, and 7.5 MΩ, respectively. They join the previously enhanced MCA 1206 AT, which offers resistance up to 10 MΩ. By providing higher resistance values in smaller case sizes, the devices save space...

Announcing SemiQ’s 1200V 80mΩ Silicon Carbide MOSFET LAFOX, Ill., Jan. 26, 2022 (GLOBE NEWSWIRE) — Richardson Electronics, Ltd. (NASDAQ: RELL) announces the availability of SemiQ’s 2nd generation silicon carbide power switches, 1200V 80mΩ SiC MOSFETs. These MOSFETs complement SemiQ’s existing SiC rectifiers at 650V, 1200V, and 1700V. SemiQ has engineered two new MOSFETs, GP2T080A120U (TO-247-3L) and GP2T080A120H (TO-247-4L), to provide the best trade-off of conduction and switching losses. These new products give designers more flexibility over a broader range of applications in comparison to other devices on the market. Samples are available upon request; please contact a Richardson Electronics representative. SiC MOSFETs bring high efficiency to high-performance applications including electric vehicles, power supplies and data...

BUFFALO, N.Y., Jan. 26, 2022 (GLOBE NEWSWIRE) — 22nd Century Group, Inc. (Nasdaq: XXII), a leading agricultural biotechnology company focused on tobacco harm reduction, reduced nicotine tobacco, and improving health and wellness through modern plant science, today announced production of the first cartons of VLN® King and VLN® Menthol King Cigarettes destined for retail sale as part of the Company’s pilot program. “We are incredibly excited to hit this milestone moment as the first cartons of VLN® that will be sold to adult smokers rolled off the line at our North Carolina manufacturing facility,” said James A. Mish, Chief Executive Officer. “We are eager to get this disruptive new product into the hands of adult smokers looking to change their relationship with highly-addictive nicotine products. Since receiving the first and...

HARTSVILLE, S.C., Jan. 26, 2022 (GLOBE NEWSWIRE) — Sonoco (NYSE: SON), one of the largest diversified global packaging companies, announced today that its Prepared and Specialty Foods segment will raise prices for CPET (crystallized polyethylene terephthalate) thermoformed plastic trays and bowls by 9 percent. The increases will be applied individually and will be effective for shipments on or after March 1, 2022. The Company said the price adjustments are critical to manage continued increases in costs. Throughout the past year, Sonoco’s Prepared & Specialty Foods segment has faced unprecedented inflation in key raw materials as well as transportation, packaging, labor, and other direct and indirect manufacturing costs. As a result of ongoing inflationary pressure, the Company is adjusting prices to account for non-index-based...