Month: September 2022

PALO ALTO, Calif., Sept. 26, 2022 (GLOBE NEWSWIRE) — KINS Technology Group Inc (NASDAQ: KINZ) (“KINS”), a special purpose acquisition corporation sponsored by KINS Capital LLC, announced the execution of an agreement and plan of merger the (“Merger Agreement”) pursuant to which it will acquire a leading-edge workplace experience application business from Inpixon (NASDAQ: INPX). The transaction will be structured as a business combination with Inpixon’s wholly owned subsidiary, CXApp Holdings Corp (“CXApp”) and is anticipated to result in Inpixon shareholders receiving shares of KINS capital stock valued at approximately $69 million (the “Business Combination”). The transaction has been approved by each of the Board of Directors of KINS, CXApp and Inpixon and is expected to be consummated in the fourth quarter of 2022, subject to...

RIO DE JANEIRO, Brazil, Sept. 26, 2022 (GLOBE NEWSWIRE) — Vinci Partners Investments Ltd. (NASDAQ: VINP) (“Vinci Partners”, “the Company”, “we”, “us” or “our”), the controlling company of a leading alternative investment platform in Brazil, announced today that the Ministry of Regional Development (the “Ministry”) has selected Vinci Partners’ Infrastructure segment to manage its Sustainable Regional Development fund (the “Fund”, “FDIRS”). The federal government hired BRL TRUST Investimentos jointly with Vinci Partners to manage the Fund’s capital through different strategies, such as the structuring of partnerships between public and private players to develop sustainable infrastructure projects in Brazil. To support these projects, our team can establish guarantee instruments that should have commitments from FDIRS and other private...

Following two extremely challenging years, CPH has seen a steady increase in traffic volumes during 2022. In total, 14 million passengers had travelled through the Airport as per end of August 2022. Our updated passenger forecast for the full year 2022 is expected to be approximately 22 million passengers. Passenger numbers, however, is dependent on the development in current macroeconomic and geopolitical factors such as the ongoing war in Ukraine, the high inflation rates worldwide, and the hike in energy prices. All factors that may affect the appetite for travelling negatively. Additionally, continued waves of new COVID-19 variants in the fall / early winter may result in reimposed travel restrictions, which may also adversely affect passenger numbers. The cost base for the remainder of the year is largely fixed and predictable, however...

New Facility Expected to Triple Current Manufacturing Output to Meet Growing Demand Company Anticipates Adding 100 Jobs Over the Next Year to Maximize Capacity and Productivity SCOTTSDALE, Ariz., Sept. 26, 2022 (GLOBE NEWSWIRE) — AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, celebrated the grand opening of its new 185,000 square foot world-class ammunition manufacturing facility in Manitowoc, WI, on September 22nd. Alongside AMMO’s Chairman & CEO, Fred Wagenhals, the Company’s senior management team, directors Richard Childress, Harry Markley, Jessica Lockett, Rob Goodmanson, Manitowoc Mayor Justin Nickels, more...

Telecommunications company Telia Lietuva received the permission from the Lithuanian Communications Regulatory Authority (CRA) to provide commercial fifth-generation mobile networks services. 5G is immediately operational with 1,100 base stations in the 700 MHz band and 110 base stations in the 3.5 GHz band. Telia Lietuva 5G network reached more than half of the country’s territory and 80 percent of its population. Lithuania is one of the leaders in the European telecommunications market but until now the country did not have 5G diamond in its crown. However, the situation changes, as about 65 percent of Lithuania’s territory and 80 percent of the population will have Telia Lietuva 5G signal starting from today. The company activated this service immediately after receiving CRA’s permission to use 700 MHz and 3.5 GHz frequencies...

The commercial specialty insurer shifts from on-prem to cloud for its policy, billing and commercial templates Boston, Sept. 26, 2022 (GLOBE NEWSWIRE) — Duck Creek Technologies (NASDAQ: DCT), the intelligent solutions provider defining the future of property and casualty (P&C) insurance, is pleased to announce its latest partnership with Coaction Specialty Insurance Group, Inc. to upgrade the commercial specialty insurer’s core policy, billing and commercial templates from on-premises to cloud-based software as a service (SaaS) using Duck Creek OnDemand. Duck Creek’s technology suite will efficiently consolidate Coaction’s technology solutions on Microsoft’s Azure platform to increase its speed to market and ease of connecting with customers and industry partners.  Coaction’s technology modernization strategy contemplates...

KELOWNA, British Columbia, Sept. 26, 2022 (GLOBE NEWSWIRE) — Tryp Therapeutics, Inc. (CSE: TRYP) (OTCQB: TRYPF) (“Tryp” or the “Company“), a clinical-stage biotechnology company focused on developing psilocybin-based compounds for diseases with unmet medical needs, today announced the filing of two new provisional patent applications. One patent application, #63/405,786, is for the use of psilocybin for the treatment of patients with fibromyalgia and the other application, #63/375,305, expands the IP related to the Company’s development of TRP-8803.   Jim Gilligan, Chief Executive Officer of Tryp Therapeutics, commented, “Tryp is taking an innovative approach to expand treatment alternatives for patients suffering from nociplastic pain and eating disorders who haven’t had success with currently approved...

SAN CARLOS, Calif., Sept. 26, 2022 (GLOBE NEWSWIRE) — Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, today announced that it has been named the 2022 Finovate Award Winner for Excellence in Sustainability. The Finovate Awards recognize exceptional contributions made by organizations and individuals from the financial technology sector. It honors those companies driving fintech innovation forward and the individuals bringing new ideas to life. This is the first time Oportun has received this prestigious award. “We are committed to creating a durable bond between the growth of our business and the financial health of our members and the communities we serve,” said Ezra Garrett, SVP of Public Affairs and Impact at Oportun. “We take our responsibility to our members, employees, stakeholders and the world...

New enhancements to Verizon Connect Reveal, developed exclusively for EVs, help fleet-based businesses plan how to make more informed decisions about planning for, investing in and managing EVs NEW YORK, Sept. 26, 2022 (GLOBE NEWSWIRE) — Mobile workforce managers looking to make more informed investment and planning decisions as they consider moving to electric vehicles (EVs) from their gasoline-powered ones will benefit from new enhancements, developed exclusively for EVs, in the Verizon Connect Reveal fleet management platform. For those customers who have already made the leap to EVs, the new updates to Reveal enable customers to easily manage their EVs and gas-powered vehicles, increase uptime by seeing their EVs’ charging and battery status information all from one platform, and more. Beginning next month, Verizon Connect...