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Day: February 22, 2022

CNH Industrial presents updated 2024 Strategic Business Plan

Strategic priorities center on Customer-Inspired Innovation; Technology Leadership; Brand and Dealer Strength; Operational Excellence; and Sustainability Stewardship Launch of Company Purpose: Breaking New Ground. Innovation Sustainability Productivity Updated Sustainability Targets, including commitment to Science Based Targets initiative (SBTi) Presentation of three-year financial targets, including:Net sales of Industrial Activities projected to grow to $20 – $22 billion by 2024 with CAGR of ~6% Adjusted 2024 EBIT Margin of Industrial Activities of ~12% to 13%, more than 200bps increase from 2021Agriculture EBIT Margin to reach 14.5% to 15.5% by 2024Adjusted EPS of above $1.70 by 2024 ROIC of Industrial Activities projected to achieve ~19%, with a 3% growth during the plan period Cumulative 2022-2024 free cash flow of...

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Neuronetics to Report Fourth Quarter and Fiscal Year 2021 Financial and Operating Results and Host Conference Call

MALVERN, Pa., Feb. 22, 2022 (GLOBE NEWSWIRE) — Neuronetics, Inc. (NASDAQ: STIM), a commercial stage medical technology company focused on designing, developing, and marketing products that improve the quality of life for patients who suffer from neurohealth disorders, today announced that it plans to release fourth quarter and fiscal year 2021 financial and operating results prior to market open on Tuesday, March 8, 2022. The Company will host a conference call to review its results at 8:30 a.m. Eastern Time the same day. The conference call will be broadcast live in listen-only mode via a webcast on the Company’s investor relations website at ir.neuronetics.com. To listen to the conference call on your telephone, please dial (877) 472-8990 for United States callers or +1 (629) 228-0778 for international callers and reference confirmation...

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Perseus Achieves Profit After Tax of $126.9M for December 2021 Half Year

PERTH, Western Australia, Feb. 23, 2022 (GLOBE NEWSWIRE) — West African gold producer, Perseus Mining Limited (ASX/TSX:PRU), has released its Interim Financial Report for the six months ending 31 December 2021 (“HY2021”) with significant improvement across key metrics including revenue, EBITDA, profit after tax and operating cash flow, allowing Perseus to declare an interim dividend of 0.81 cents Australian per share. HIGHLIGHTSRevenue increased by 90% to A$545.7 million, on previous corresponding Half Year period EBITDA up 101% to $252.4 million and Profit After Tax up 159% period on period to $126.9 million Operating Cash Flow of A$245.9 million, up 137% on prior half year Declared interim dividend of 0.81 Australian cents per share Perseus has achieved targeted gold production rate of 500,000ozpa for the first time in FY22.Perseus’s...

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AppTech Payments Corp. Mutually Terminates Strategic Partnership with Silver Alert Services, LLC

CARLSBAD, Calif., Feb. 22, 2022 (GLOBE NEWSWIRE) — AppTech Payments Corp. (“AppTech”) (NASDAQ: APCX), today announced its partnership with Silver Alert Services, LLC (Silver Alert); dba, LifeLight Services (“LifeLight”), has been terminated by mutual agreement with an effective date of Feb. 17, 2022. The termination is due to the delayed release of LifeLight Systems, Silver Alert Services innovative and comprehensive remote patient monitoring system, due to the market effects of COVID. This partnership was initiated in August 2020 to leverage both companies’ strengths while expanding AppTech’s reach into the telehealth sphere. During the past years working together, AppTech and Silver Alert have developed a close working relationship and will continue to work together on projects and partnering relationships. This mutual agreement...

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Correction: Savosolar Plc’s financial statement release 1 January – 31 December 2021

In the Annex 2 of Savosolar Plc’s 2021 financial statement release, which was released on 21st February 2022, there was a mistake regarding personnel expenses.  The correct personnel expense in 2021 was 2.274 thousand euros (in the release it was 274 thousand euros). This mistake has had no impact to any other numbers in the financial release. Below the financial statement release with the corrected Annex 2. Savosolar Plc                                                      Financial statement release                         21 February 2022 at 8.30 a.m. (CET) Savosolar Plc’s financial statement release 1 January – 31 December 2021 Key figures in October–December 2021Revenue amounted to EUR 0.3 million (October-December 2020: EUR 1.4 million). Operating result (EBIT) amounted to EUR -1.3 million (EUR -1.3 million).Key figures...

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Cavotec divests the Airports business to US based investment company Fernweh Group

Cavotec SA has signed an agreement to divest 100% of its Airports business to US based investment company Fernweh Group LLC for an approximate implied enterprise value of EUR 16 million, and an approximate equity value of EUR 10 million plus an additional defered value of approximately EUR 3 million if certain considerations are met. The transaction forms part of the previously communicated decision by Cavotec to focus on the growing markets for sustainability solutions in Ports & Maritime and Industry and is expected to close by Summer of 2022. Airports accounted for approximately 25 per cent of Cavotec’s revenue in 2020. As a result of the transaction, the publication of Cavotec’s Interim Report January – December 2021 will be postponed to 30 March 2022.  “As the market trends and regulatory requirements are expected to drive significant...

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Swedish Anoto launches the world’s first AI solution for an integrated offline and online education platform

Stockkolm, 22 February 2022 – Anoto Group AB (publ) (“Anoto”) announces that Anoto’s subsidiary Knowledge AI Inc (“Kait”), which focuses on digital software solutions in education, is launching a completely new AI-based education platform. The previous platform, which was only offered to schools (b2b), contains three functions – diagnostic assessment of the student’s skills, autogenerated teaching and a module for distance education – will in its new version also be offered directly to students (b2c) who want to improve at mathematics and science. In 2021, Kait has worked hard to develop and improve its software. The new version that will be launched will be available as a mobile application as well as an online and offline solution and thus be a fully integrated multiplatform education solution. By combining Anoto’s...

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“Triller’s Twosday” – Today on 2.22.22 SeaChange and Triller Jointly Announce Filing of a Registration Statement on S-4 in Connection with their Proposed Business Combination

LOS ANGELES and BOSTON, Feb. 22, 2022 (GLOBE NEWSWIRE) — On the auspicious day of “Twosday” SeaChange International, Inc. (“SeaChange”) (NASDAQ: SEAC) has filed with the U.S. Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 (the “Registration Statement”), which contains a preliminary proxy statement/prospectus, in connection with the previously announced proposed business combination with Triller Hold Co LLC (“TrillerVerz”), a critical step to completing the public merger.  While the Registration Statement has not yet been declared effective by the SEC, and the information contained therein is subject to change, it provides important information about TrillerVerz and SeaChange and the proposed business combination. The surviving corporation of the proposed business combination between TrillerVerz and...

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HII Employees Honored at 36th Annual Black Engineer of the Year Award STEM Conference

NEWPORT NEWS, Va., Feb. 22, 2022 (GLOBE NEWSWIRE) — Global engineering and defense technologies provider HII (NYSE:HII) announced today that seven employees from its Newport News Shipbuilding and Ingalls Shipbuilding divisions were recognized for achievements in the science, technology, engineering and math fields during the 36th annual Black Engineer of the Year Award STEM Global Competitiveness Conference. “These employees represent the best of the best in STEM innovation,” said Edmond Hughes, Ingalls’ vice president, human resources and administration. “Their contributions enhance the capabilities and technologies HII delivers to our customers, and ultimately these engineers strengthen America’s national security.” Six HII employees received the Modern Day Technology Leader award, which recognizes efforts in shaping the future...

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HYTN Innovations Commences Trading on Canadian Securities Exchange under “HYTN”

VANCOUVER, British Columbia, Feb. 22, 2022 (GLOBE NEWSWIRE) — Innovations Inc. (formerly Mount Dakota Energy Corp.) (CSE: HYTN) (“HYTN” or the “Company”) began trading today on the Canadian Securities Exchange (the “CSE”) under the symbol “HYTN” following its reverse takeover transaction with HYTN Beverage Corp. and amalgamation between its wholly-owned subsidiary MMO Merger Holdings Inc. and 1306562 B.C. Ltd. “This is an exciting day for all of us at HYTN,” says CEO Elliot McKerr. “Thanks to the support of our entire team we are well positioned to execute on our strategy. We are looking forward to sharing our consistent, natural, and delicious products with even more consumers and building lasting value for all our stakeholders.” About HYTN Innovations Inc. HYTN formulates, manufactures, markets, and sells premium cannabis goods....

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