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Month: June 2022

CHAR Technologies Appoints Chief Commercial Officer

TORONTO, June 01, 2022 (GLOBE NEWSWIRE) — CHAR Technologies Ltd. (“CHAR Technologies” or the “Company”) (TSX Venture Exchange: YES) announces the appointment of Mr. Lewis Smith to the position of Chief Commercial Officer (CCO) effective June 1, 2022. Mr. Smith will be responsible for the growth of the Company’s High Temperature Pyrolysis (HTP) business, including development of HTP projects across North America and maximizing the value received for HTP project outputs, including renewable natural gas, green hydrogen and biocarbon. Mr. Smith has more than 25 years of experience with the clean energy and technology sectors, with recent roles that include Chief Strategy Officer & General Counsel at Modus Workflow, Chief Corporate Development Officer at GoGreen Communications Inc. and General Counsel at Emera. Chief...

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Zumiez Announces Participation in the William Blair 42nd Annual Growth Stock Conference

LYNNWOOD, Wash., June 01, 2022 (GLOBE NEWSWIRE) — Zumiez Inc. (NASDAQ: ZUMZ) a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women, today announced that management will participate in the William Blair 42nd Annual Growth Stock Conference. The presentation is scheduled for Tuesday, June 7, 2022 at 10:00 am Central Time. The live webcast can be accessed via the investor relations page of Zumiez website at http://ir.zumiez.com. About Zumiez Inc. Zumiez is a leading specialty retailer of apparel, footwear, accessories and hardgoods for young men and women who want to express their individuality through the fashion, music, art and culture of action sports, streetwear, and other unique lifestyles. As of May 28, 2022, we operated 741 stores, including 601 in the United States, 52 in Canada,...

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Aehr Test Systems Confirms Financial Guidance of Revenues Exceeding $50 Million for Fiscal Year Ending May 31, 2022 Ahead of Craig-Hallum Institutional Investor Conference

FREMONT, Calif., June 01, 2022 (GLOBE NEWSWIRE) — Aehr Test Systems (NASDAQ: AEHR), a worldwide supplier of semiconductor test and reliability qualification equipment, today confirms its previously provided financial guidance ahead of hosting virtual meetings with investors today at the 19th Annual Craig-Hallum Institutional Investor Conference. For its fiscal year ended May 31, 2022, Aehr completed full year total revenue of greater than $50 million, with strong profit growth in line with its operating model. Aehr Test President and CEO Gayn Erickson commented, “We are pleased to have finished a strong year yesterday, with fiscal year 2022 total annual revenue of greater than $50 million, more than three times last year’s revenue, and healthy profitability. “We continue to be excited about the silicon carbide market for electric...

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Arrival Van Completes All Type Approval Testing

LUXEMBOURG, June 01, 2022 (GLOBE NEWSWIRE) — Arrival (NASDAQ: ARVL), inventor of a unique new method of design and production of equitable electric vehicles (EVs) by local Microfactories, today announced that physical type approval testing is now complete for the Van, and Arrival expects to receive official paperwork over the coming weeks for European Whole Vehicle Type Approval (EUWVTA). “This is another milestone achievement for Arrival following the recent certification of our Bus, and is a testimony to our innovative technologies and our unique new method of design and production of electric vehicles. We are excited to see our customers start to operate our vehicles later this year,” said Denis Sverdlov, Founder and CEO at Arrival. Arrival expects to receive official paperwork over the coming weeks for the European...

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Draganfly Announces New Heavy Lift and High-Endurance Multi-Use Drones

Los Angeles, CA., June 01, 2022 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce the launch of its new North American-made Heavy Lift and Commander 3 XL Drones. Draganfly’s Heavy Lift Drone is a versatile, industrial, multirotor unmanned aerial vehicle (“UAV”) that is designed to lift more and fly further. Capable of automated missions and manual flight operations, the Company’s heavy-duty, robust UAV has a payload lift capacity of 67 pounds and up to 55 minutes of flight time. Draganfly’s Commander 3 XL Drone is a high-endurance, weather-resistant, multirotor UAV that is designed for easy assembly and rapid deployment. The “Swiss Army Knife” of drones is capable of drop and winch-down...

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Annexon Biosciences to Present Data Highlighting Novel Approach to Treating Complement-Driven Diseases at Upcoming Medical Meetings

BRISBANE, Calif., June 01, 2022 (GLOBE NEWSWIRE) — Annexon, Inc. (Nasdaq: ANNX), a clinical-stage biopharmaceutical company developing a new class of complement medicines for patients with classical complement-mediated autoimmune, neurodegenerative and ophthalmic disorders, today announced that the company will present data from across its complement-targeted pipeline at several upcoming medical meetings. “Our platform approach at Annexon is based on our founding thesis that by inhibiting C1q and the entire classical complement cascade, we could develop medicines that potentially provide more complete protection against the negative upstream and downstream impacts of the classical pathway,” said Ted Yednock, Ph.D., executive vice president and chief innovation officer of Annexon. “We are excited to be showcasing data from several...

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Sensei Biotherapeutics Appoints Patrick Gallagher, MBA, MPH, as Chief Business Officer

BOSTON, June 01, 2022 (GLOBE NEWSWIRE) — Sensei Biotherapeutics, Inc. (NASDAQ: SNSE), an immunotherapy company focused on the discovery and development of next-generation therapeutics for cancer, today announced the appointment of Patrick Gallagher, MBA, MPH, as chief business officer. “Patrick is an accomplished biotech executive who brings significant strategic and transactional expertise to Sensei. He has worked across the biotechnology, Big Pharma, venture and banking sectors and has a track record of tailoring partnerships and transactions to build value,” said John Celebi, president and chief executive officer of Sensei Biotherapeutics. “We’re thrilled to add him to our leadership team at a pivotal moment as we work to optimize both of our platforms and advance key programs towards important milestones.” Mr. Gallagher has...

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Kinetik Announces $1.0 Billion Sustainability-Linked Senior Notes Offering

HOUSTON and MIDLAND, Texas, June 01, 2022 (GLOBE NEWSWIRE) — Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik”) announced today that its subsidiary, Kinetik Holdings LP (the “Issuer”), intends to offer $1.0 billion aggregate principal amount of sustainability-linked senior notes due 2030 (the “Senior Notes”) in an offering (the “Offering”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The Senior Notes will be fully and unconditionally guaranteed by Kinetik. The Issuer intends to use the net proceeds from the Offering, together with borrowings under a new 3-year unsecured term loan facility with a group of commercial banks, to refinance all of its existing consolidated indebtedness. The interest rate on the Senior Notes will be linked to Kinetik’s performance against sustainability...

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Motor Control Centers Market Size to Hit USD 8.16 Billion by 2027 | Exhibit a CAGR of 5.2%

Increasing Industrial Base in Emerging Nations & Rising Usage of Sensor Technology to Bolster Growth of Global Motor Control Centers Market Pune, India, June 01, 2022 (GLOBE NEWSWIRE) — According to Fortune Business Insights, the motor control centres market size is projected to reach USD 8.16 billion by 2027, exhibiting a CAGR of 5.2% during the forecast period. The global Motor Control Centers market size was USD 5.62 billion in 2019. According to analysts, market is set to gain momentum from rising initiatives taken by regulatory bodies and government of several countries to promote energy-saving standards in a wide range of industries, as well as manufacturing plants. The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses...

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Parsons Completes Acquisition of Xator Corporation

CENTREVILLE, Va., June 01, 2022 (GLOBE NEWSWIRE) — Parsons Corporation (NYSE:PSN) announced today that it completed the previously communicated acquisition of Xator Corporation in a deal valued at $400 million. The strategic acquisition expands Parsons’ presence within the U.S. Special Operations Command, the Intelligence Community, Federal Civilian customers, and global critical infrastructure markets, while providing new customer access at the Department of State, which is expected to experience significant budgetary growth. The transaction is consistent with Parsons’ strategy of completing accretive acquisitions of companies with revenue growth and adjusted EBITDA margins of 10% or greater, while adding critical intellectual property that strengthens the company’s existing portfolio. Xator will be primarily integrated into Parsons’...

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