Day: September 29, 2022

Zscaler Acquires ShiftRight to Integrate Security Workflow Automation Technology into the Zero Trust Exchange Platform

Written by Customer Service on September 29, 2022. Posted in Mergers And Acquisitions.

ShiftRight’s Security Workflow Automation Strengthens Zscaler’s Cloud Security Platform by Simplifying Security Operations and Enabling Visibility into Security Posture SAN JOSE, Calif., Sept. 29, 2022 (GLOBE NEWSWIRE) — Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced it has completed its acquisition of ShiftRight, a leader in closed loop security workflow automation. ShiftRight’s workflow automation technology is currently being integrated into the Zscaler Zero Trust Exchange™ cloud security platform to automate security management for the growing influx of risks and incidents organizations are experiencing. This integration will provide a simple, sophisticated solution to reduce incident resolution time dramatically. “I am excited to welcome the ShiftRight team into the Zscaler family,” said Jay Chaudhry,...

Bicycle Market Size to Grow Worth USD 127.83 Billion at a CAGR of 6.5% by 2029 | Fortune Business Insights

Written by Customer Service on September 29, 2022. Posted in Mergers And Acquisitions.

According to Fortune Business Insights, the global bicycle market size is projected to grow from USD 82.50 billion in 2022 to USD 127.83 billion in 2029, at CAGR of 6.5% during forecast period. Rising usage of bikes in commute to augur market growth. Pune, India, Sept. 29, 2022 (GLOBE NEWSWIRE) — The global bicycle market to grow at a CAGR of 6.5% and reach USD 127.83 billion during forecast period of 2022-2029. The market was valued USD 78.33 billion in 2021. The market growth is attributed to factors such as the surging government emphasis on spending on the progress of cycling infrastructure is estimated to thrust the implementation of bikes among the populace. Key Industry Development April 2022: Hero International (HIT), a part of India’s Hero Motors Company (HMC), declared that it is involving a novel assembly division in...

Worthington Reports First Quarter Fiscal 2023 Results

Written by Customer Service on September 29, 2022. Posted in Earnings Releases And Operating Results.

COLUMBUS, Ohio, Sept. 29, 2022 (GLOBE NEWSWIRE) — Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $1.4 billion and net earnings of $64.1 million, or $1.30 per diluted share, for its fiscal 2023 first quarter ended August 31, 2022. In the first quarter of fiscal 2022, the Company reported net sales of $1.1 billion and net earnings of $132.5 million, or $2.55 per diluted share. Results in both the current and prior year quarter were impacted by certain unique items, as summarized in the table below. (U.S. dollars in millions, except per share amounts) 1Q 2023 1Q 2022 After-Tax Per Share After-Tax Per Share Net earnings $ 64.1 $ 1.30 $ 132.5 $ 2.55 Incremental expense related to Level5 earnout 0.4 0.01 – – Impairment and...

Energy as a Service Market worth $105.6 billion by 2027 – Exclusive Report by MarketsandMarkets™

Written by Customer Service on September 29, 2022. Posted in Mergers And Acquisitions.

Chicago, Sept. 29, 2022 (GLOBE NEWSWIRE) — Energy as a Service Market is projected to grow from USD 64.7 billion in 2022 to USD 105.6 billion by 2027, at a CAGR of 10.3% according to a new report by MarketsandMarkets™. Increasing distributed energy resources, new revenue generation streams for utilities, availability of federal and state tax benefits for energy-efficiency projects and decreasing cost of renewable power generation and storage solutions are driving the demand for energy as a service globally. Due to the manufacturing advances and various technological improvements, the costs of various renewables and storage systems such as solar PVs, fuel cells, grid-based energy storage, especially batteries, and combined heat and power declined significantly in the recent times. The decreasing costs of solar PV are encouraging...

StorageVault Completes the Purchase of Asset

Written by Customer Service on September 29, 2022. Posted in Mergers And Acquisitions.

TORONTO, Sept. 29, 2022 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) is pleased to announce that, further to its May 12, 2022 and June 30, 2022 news releases, it has completed the acquisition of the one remaining transaction announced on May 12, 2022 (the “Acquisition”). The $4.1 million purchase price for the Acquisition, subject to customary adjustments, was paid with funds on hand. With this Acquisition, StorageVault has now closed $217.7 million of acquisitions, to date, this year. About StorageVault Canada Inc.StorageVault, before the completion of the Acquisitions, owns and operates 236 storage locations across Canada. StorageVault owns 204 of these locations plus over 4,500 portable storage units representing over 11.3 million rentable square feet on over 660 acres of land. StorageVault also provides...

EV Technology Group Announces Completion of Acquisition of Portfolio of Iconic Automotive Brands of Ford, Maserati and Ferrari Coach Builders

Written by Customer Service on September 29, 2022. Posted in Mergers And Acquisitions.

The acquisition of Officine Stampaggi Industriali, Fantuzzi, Marazzi and Brewster & Co. further solidifies EV Technology Group’s mission of electrifying iconic brandsMarazzi, Fantuzzi, Brewster & Co and Officine Stampaggi Industriali – joining the EV Technology Group portfolio of strategic brands Marazzi, Fantuzzi, Brewster & Co and Officine Stampaggi Industriali – joining the EV Technology Group portfolio of strategic brandsTORONTO, Sept. 29, 2022 (GLOBE NEWSWIRE) — EV Technology Group Ltd. (the “Company” or “EV Technology Group”) (NEO: EVTG, OTCQB: EVTGF, DE: B96A) announces that it has completed its acquisition of 1000310362 Ontario Inc. (the “Target”), previously announced by the Company on September 16, 2022 (the “Acquisition”). The Target holds a portfolio of intellectual property including...

PharmaTher Provides Business Highlights and Releases Audited Annual Financials for Fiscal Year Ended May 31, 2022

Written by Customer Service on September 29, 2022. Posted in Earnings Releases And Operating Results.

Nearly $12 million in cash and investment Fully funded for the Company’s development programs, including ketamine injection and infusion products, ketamine microneedle patch and ketamine wearable pump device for mental health, neurological, and pain disorders Seeking FDA approval for the Company’s ketamine injection and infusion products for anesthesia and procedural sedation in 2023 TORONTO, Sept. 29, 2022 (GLOBE NEWSWIRE) — PharmaTher Holdings Ltd. (the “Company” or “PharmaTher”) (OTCQB: PHRRF) (CSE: PHRM), a specialty pharmaceutical company focused on developing and commercializing novel uses and delivery forms of ketamine to treat mental health, neurological and pain disorders, today released business highlights and audited financial results for its fiscal year ended May 31, 2022. All amounts in this press release are in Canadian...

NEXGEL Appoints Dr. Leonard Nelson and Dr. Neil Chesen to Scientific Advisory Board

Written by Customer Service on September 29, 2022. Posted in Public Companies.

LANGHORNE, Pa., Sept. 29, 2022 (GLOBE NEWSWIRE) — NEXGEL, Inc. (“NEXGEL” or the “Company”) (NASDAQ: NXGL, NXGLW), a leading provider of ultra-gentle, high-water-content hydrogel products for healthcare and consumer applications, announced today that the Company has appointed Dr. Neil Chesen and Dr. Leonard Nelson to its Scientific Advisory Board. Dr. Nelson serves as Co-Director of the pediatric ophthalmology department and Director of the Strabismus Center at Wills Eye Hospital. He is an associate professor of ophthalmology and pediatrics at Thomas Jefferson University’s Sidney Kimmel Medical College and staff member at Thomas Jefferson University Hospital, Lankenau Medical Center and Children’s Hospital of Philadelphia. Dr. Nelson previously served on staff at St. Christopher’s Hospital for Children. He earned a Doctor...

Ocugen, Inc. to Present at Chardan’s 6th Annual Genetic Medicines Conference

Written by Customer Service on September 29, 2022. Posted in Public Companies.

MALVERN, Pa., Sept. 29, 2022 (GLOBE NEWSWIRE) — Ocugen, Inc. (“Ocugen” or the “Company”) (NASDAQ: OCGN), a biotechnology company focused on discovering, developing, and commercializing novel gene and cell therapies and vaccines, today announced that Dr. Shankar Musunuri, Chairman, Chief Executive Officer and Co-Founder of Ocugen, will participate in an in-person fireside chat at the Chardan 6th Annual Genetic Medicines Conference being held October 3-4, 2022 in New York, NY. Details regarding Dr. Musunuri’s fireside chat are as follows: Event: Chardan 6th Annual Genetic Medicines Conference Date: October 4, 2022 Time: 8:30 – 8:55 a.m. ETLocation: Westin Grand Central Hotel Webcast: Live Fireside Chat A live video webcast beginning at 8:30 a.m. ET on the day of the presentation will be available on the events page of the Ocugen...

DT Midstream Increases Ownership in Millennium Pipeline

Written by Customer Service on September 29, 2022. Posted in Public Companies.

Premier, fully contracted pipeline with creditworthy customers Immediately accretive transaction Consistent with core investment thesisDETROIT, Sept. 29, 2022 (GLOBE NEWSWIRE) — DT Midstream, Inc. (NYSE: DTM) today announced that it has entered into an agreement to acquire an additional 26.25% ownership interest in Millennium Pipeline for approximately $552 million in cash. The transaction will be financed with cash on hand and available capacity under the company’s revolving credit facility. Under the terms of the agreement, DTM will acquire National Grid’s full ownership interests in Millennium Pipeline, which, upon closing, will bring DT Midstream’s total ownership in Millennium Pipeline to 52.50%. Millennium Pipeline is a 263-mile interstate pipeline, strategically positioned to deliver Northeast Marcellus and Utica gas...

Day: September 29, 2022

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