Month: May 2022

Firm Capital Property Trust Comments on $20.0 Million Bought Deal Financing Announcement

Written by Customer Service on May 17, 2022. Posted in Public Companies.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, May 17, 2022 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT” or the “Trust“), (TSX: FCD.UN) announced on May 16, 2022 that it intends to complete an offering of 2,820,000 trust units (the “Trust Units“) of FCPT at a price of $7.10 per Trust Unit (the “Issue Price“) for gross proceeds of approximately $20 million (the “Offering“). Pursuant to the Offering, the Trust has also granted the underwriters an over-allotment option to purchase up to an additional 423,000 Trust Units at the Issue Price exercisable, in whole or in part, at any time and from time to time until 30 days following the closing of the Offering, to cover over-allotments (if any)....

Laurentian Bank of Canada declares dividend on its preferred shares

Written by Customer Service on May 17, 2022. Posted in Dividend Reports And Estimates.

MONTREAL, May 17, 2022 (GLOBE NEWSWIRE) — The Board of Directors of the Laurentian Bank of Canada (TSX: LB) (the “Bank”) declared today a dividend of $0.2576875 on the preferred shares Series 13, payable on June 15, 2022, to shareholders of record at the close of business on June 7, 2022. The above-mentioned dividends are designated as eligible dividends for the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation. The preferred shares are Eligible Shares under the Bank’s Shareholder Dividend Reinvestment and Share Purchase Plan (the “Plan”). Consequently, the holders of such shares may elect to reinvest their dividends in newly issued common shares of the Bank. Under the Plan, the Bank has the discretion to either purchase the additional common shares in the open market or...

UPDATE: Otonomo Reports First Quarter 2022 Financial Results

Written by Customer Service on May 17, 2022. Posted in Earnings Releases And Operating Results.

HERZLIYA, Israel and SAN FRANCISCO, May 17, 2022 (GLOBE NEWSWIRE) — Otonomo Technologies Ltd. (Nasdaq: OTMO), the platform powering the mobility economy, today announced its first quarter 2022 financial results reflecting strong growth year over year, continued momentum in demand for key mobility services use cases, new customers and the strategic acquisition of The Floow. Revenue for the first quarter was $1.03 million, an increase of 380% year over year. Otonomo’s cash and cash equivalents, and restricted cash balance as of March 31, 2022, was $196.8 million. First Quarter 2022 Financial Highlights:Total revenue for the first quarter was $1.03 million compared to $0.22 million in the first quarter 2021GAAP operating loss for the first quarter was $15.1 million compared to a loss of $4.3 million in the first quarter 2021Non-GAAP...

REE Automotive Announces First Quarter 2022 Financial Results

Written by Customer Service on May 17, 2022. Posted in Earnings Releases And Operating Results.

Business plan on track towards firm orders and start of productionMarket’s first fully drive-by-wire electric van, developed with EAVX, a subsidiary of JB Poindexter & Co, to begin validation and road testing by pipeline customers in the U.S. Positive feedback on the P7 platform from pipeline customers, including two global OEMs and three large fleets Integration center robotic assembly line on track, with anticipated capacity of 10,000 vehicle sets by the end of 2022 P7 commercialization on track and fundedTEL AVIV, Israel, May 17, 2022 (GLOBE NEWSWIRE) — REE Automotive Ltd. (NASDAQ: REE) (“REE” or the “Company”), an automotive technology leader and provider of electric vehicle (EV) platforms, today announced its financial results for the first quarter of 2022. REE is focused on executing milestone deliverables on its...

ZW Data Action Technologies Reports First Quarter 2022 Unaudited Financial Results

Written by Customer Service on May 17, 2022. Posted in Earnings Releases And Operating Results.

BEIJING, May 17, 2022 (GLOBE NEWSWIRE) — ZW Data Action Technologies Inc. (Nasdaq: CNET) (the “Company”), an integrated online advertising, precision marketing, data analytics and other value-added services provider serving enterprise clients, today announced its unaudited financial results for the three months ended March 31, 2022. Financial HighlightsGross profit of $0.13 million for the first quarter of 2022, compared to a gross loss of $0.72 million for the same period last year;Gross profit margin improved to 1.8% for the first quarter of 2022, compared to -8.5% for the same period last year;Working capital of $10.92 million as of March 31, 2022, compared to $11.10 million as of December 31, 2021.First Quarter 2022 Financial Results Revenues For the first quarter of 2022, revenues decreased by $0.74 million,...

Natural Gas Services Group, Inc. Announces Management Transition

Written by Customer Service on May 17, 2022. Posted in Public Companies.

Midland, TX, May 17, 2022 (GLOBE NEWSWIRE) —Stephen C. Taylor, after over 17 years of service to the Company, announces his retirement as President and Chief Executive Officer. He will remain Chairman as well as an advisor to the Company with a focus on long-term customer relationships. John W. Chisholm, currently lead independent director, will serve as interim President and Chief Executive Officer, ensuring strong leadership continuity.Midland, TX, May 17, 2022 (GLOBE NEWSWIRE) — Natural Gas Services Group, Inc. (NYSE:NGS) (the “Company” or “NGS”), a leading provider of gas compression equipment and services to the natural gas and oil industry, announced today that Stephen C. Taylor, Chairman, President and Chief Executive Officer, will retire as President and Chief Executive Officer. He...

Wabash Announces New Parts Distribution Network

Written by Customer Service on May 17, 2022. Posted in Public Companies.

LAFAYETTE, Ind., May 17, 2022 (GLOBE NEWSWIRE) — Wabash (NYSE: WNC), the visionary leader of connected solutions for the transportation, logistics and distribution industries, today announced the creation of a new tech-enabled Wabash Parts distribution network. This will unify and expand Wabash’s parts distribution capabilities across all product lines, and provides immediate scale to grow. “As an end-to-end solutions and service provider, we’re able to offer customers the convenience of working with a one-stop-shop through the entire product lifecycle,” said Nick Adler, vice president of Wabash Parts and Services. “We’re excited to bring our customers best-in-class parts and services including a simplified experience, an extensive selection of well-stocked parts, and faster deliveries — all through Wabash.” This single channel...

Kraig Biocraft Laboratories Enters Biomedical Field with First Sample Shipments of Fibers and Fabrics for Tissue Engineering

Written by Customer Service on May 17, 2022. Posted in Public Companies.

ANN ARBOR, Mich., May 17, 2022 (GLOBE NEWSWIRE) — Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company” or “Kraig Labs”), the biotechnology company focused on the development and commercialization of spider silk, announces the first sample shipment of its recombinant spider silk fibers and fabrics for use and evaluation into a range of biomedical applications. This shipment was made in response to the significant increase in the requests for its propriety spider silk technology, over the last two quarters, for tissue engineering applications. Aided by its unique blend of mechanical and chemical properties, spider silk has long been recognized as an ideal natural biomaterial. As a lightweight, biocompatible, and biodegradable material, spider silk applications have been tested in numerous morphologies,...

InteliSwab® COVID-19 Rapid Test Validated to Detect the Omicron BA.2, BA.2.12.1, BA.3 and BA.5 Subvariants

Written by Customer Service on May 17, 2022. Posted in Public Companies.

InteliSwab test With less than one minute of “hands-on time,” the InteliSwab test is as simple as “Swab, Swirl, and See.”BETHLEHEM, Pa., May 17, 2022 (GLOBE NEWSWIRE) — OraSure Technologies, Inc. (NASDAQ: OSUR), a global leader in point-of-care and home diagnostic testing and sample collection technologies, announced today that its InteliSwab® COVID-19 rapid tests detect the Omicron BA.2, BA.2.12.1, BA.3 and BA.5 subvariants with similar levels of detection to the original SARS-CoV-2 strain and other previous variants of concern, including Delta, Alpha, Beta, Gamma and Omicron BA.1. The Omicron sublineage studies were conducted using live SARS-CoV-2 virus at an independent, third-party laboratory and showed InteliSwab® detected the Omicron variants at similar viral load levels, or limit of detection, as previous variants that...

Aton drills high grade mineralisation on the previously untested North Ridge at Rodruin, returning 8.74 g/t gold and 29.4 g/t silver over 12 metres

Written by Customer Service on May 17, 2022. Posted in Public Companies.

Figure 1 Geology plan of the Abu Marawat Concession showing the location of the Rodruin projectFigure 2 Geological plan of the North Ridge, showing the location of holes ROD-072 and ROD-073Figure 3 Drilling hole ROD-072 in steep terrain on the North Ridge at RodruinVANCOUVER, British Columbia, May 17, 2022 (GLOBE NEWSWIRE) — Aton Resources Inc. (AAN: TSX-V) (“Aton” or the “Company”) is pleased to update investors on the latest assay results from the Phase 2 diamond drilling programme at its advanced Rodruin gold exploration project. Rodruin is located in the Company’s 100% owned Abu Marawat Concession (“Abu Marawat” or the “Concession”), in the Eastern Desert of Egypt. Highlights: Diamond drilling is ongoing at Rodruin, with 38 drill holes now having been completed to date, ROD-048 and ROD-051 to ROD-087,...

Month: May 2022

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