Day: December 28, 2022
Focused on Advancing Product Roadmap for W4 CC, W750, and W56 Vehicles
Takes Decisive Step to Discontinue the C1000 Program
SEC Concludes Previously Disclosed Investigation Without Taking Enforcement Action
Proceeding with W4 CC Shipments to Customers
CINCINNATI, Dec. 28, 2022 (GLOBE NEWSWIRE) — Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero emission commercial vehicles, today provided a business update as the Company looks ahead to 2023:Workhorse is discontinuing the C1000 program, effective immediately, as it fully focuses its resources on advancing its product roadmap for the W4 CC, W750, and W56 vehicles. After thorough engineering review, durability testing and careful consideration, the Company determined the increasing time,...
T2 Biosystems Announces Extension of Multiyear Innovative Technology Contract with Vizient, Inc.
Written by Customer Service on . Posted in Public Companies.
LEXINGTON, Mass., Dec. 28, 2022 (GLOBE NEWSWIRE) — T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, today announced that its Innovative Technology contract with Vizient, Inc., the largest member-driven health care performance improvement company in the country, has been extended through March 31, 2024. The products covered under the contract with Vizient include the T2Dx® Instrument, the T2Bacteria® Panel and the T2Candida® Panel, which detect sepsis-causing bacterial and fungal pathogens directly from whole blood.
“We are pleased to extend our multi-year agreement with the nation’s largest group purchasing organization. This reiterates the continued value that T2 Biosystems’ technology offers to patients suspected of sepsis,” stated John Sperzel, Chairman...
Society Pass (Nasdaq: SOPA)/Thoughtful Media Group Acquires More Media, Indonesia-based Digital Design and Branding Agency
Written by Customer Service on . Posted in Mergers And Acquisitions.
● Thailand-based Thoughtful Media Group acquires first company in Indonesia and extends digital advertising business reach beyond Thailand and Vietnam● More Media is a leading Indonesia-based creative design and branding agency catering to clients in the Beauty, F&B, E-Commerce and Logistics industries● Post acquisition, More Media is re-branded as Thoughtful Media Indonesia and its leadership and employees fully integrated into Thoughtful Media regional operating structure● More Media’s creative design and branding capabilities fully complement Thoughtful Media’s social commerce and influencer advertising focused Multi-Platform Network (“MPN”) and amplify SoPa’s upcoming loyalty offering● Thoughtful Media Indonesia forecasts significant revenue growth in 2023 and beyond
Jakarta, Indonesia, Dec. 28, 2022...
Asia Pacific Wire & Cable Corporation Limited Reports Third Quarter 2022 Financial Results
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
TAIPEI, Taiwan, Dec. 28, 2022 (GLOBE NEWSWIRE) — Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) (“APWC” or the “Company”), a leading manufacturer of wire and cable products for the telecommunications and electric-power industries in the Asia-Pacific region, today announced the Company’s financial results for the nine months ended September 30, 2022. Unless otherwise indicated, all data are reported in U.S. Dollars at the exchange rate prevailing on the date of the event or result reported.First Nine Months 2022 Financial Results (Ended September 30, 2022), and 2021 comparative results
First 9 Months 2022
First 9 Months 2021
CHANGERevenues
$
310.7 million
$
330.7 million
(6.0%)
Operating Profit/(Loss)
$
3.8 million
$
6.5 million
(41.5%)
Net Income/(Loss)
$
0.6...
Firan Technology Group Corporation (“FTG”) Announces the Signing of a Definitive Agreement to Acquire Holaday Circuits, a US Based Circuit Board Company
Written by Customer Service on . Posted in Mergers And Acquisitions.
TORONTO, Dec. 28, 2022 (GLOBE NEWSWIRE) — Firan Technology Group Corporation (TSX:FTG), a leading provider of electronic products and avionic sub-systems for the aerospace and defense markets, announced it has entered into an agreement to acquire Holaday Circuits, Inc. Holaday is based in Minnetonka, Minnesota, a suburb of Minneapolis. Holaday is a manufacturer of high technology circuit boards focused on the aerospace and defense markets. The closing of the acquisition is subject to approval by the Committee on Foreign Investment in the United States (CFIUS) and other customary closing conditions. The companies will shortly apply for CFIUS approval. The closing of the transaction is expected to take place in the first quarter of 2023.
FTG will acquire 100% of Holaday for cash consideration of approximately $24M CAD, subject to...
Brookfield Business Partners Obtains Exemptive Relief and Files Disclosure Document in Connection with Sale of Westinghouse
Written by Customer Service on . Posted in Mergers And Acquisitions.
BROOKFIELD, NEWS, Dec. 28, 2022 (GLOBE NEWSWIRE) — Brookfield Business Partners (NYSE: BBUC, BBU; TSX: BBUC, BBU.UN) today announced that it has received exemptive relief from the Ontario Securities Commission from the requirements to call a special unitholder meeting and to send an information circular to unitholders in connection with the proposed sale of its nuclear technology services operation, Westinghouse Electric Company (the “Transaction”).
As previously described in our November 4, 2022 press release, our application for exemptive relief was submitted on the basis that holders of more than 50% of the votes eligible to be cast have provided us with written support to vote in favor of the Transaction.
Brookfield Business Partners has filed with Canadian and U.S. securities regulatory authorities a disclosure document (the...
American Pacific Mining Announces Joint Venture Contribution to Palmer Copper-Zinc Project in Alaska
Written by Customer Service on . Posted in Public Companies.
VANCOUVER, British Columbia, Dec. 28, 2022 (GLOBE NEWSWIRE) — American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF / FWB: 1QC) (“American Pacific” or the “Company”) is pleased to announce that, through its wholly owned subsidiary, Constantine North Inc., it has contributed funds totaling US $1,497,537 to maintain its 41.08% ownership of the Palmer VMS project (“Palmer” or the “Project”) in Alaska. Dowa Metals & Mining Alaska (“Dowa”), the Company’s joint venture (“JV”) partner, maintains its 58.92% ownership.
“This contribution affirms our commitment to our JV partnership with Dowa Metals & Mining,” commented CEO Warwick Smith. “We believe acquiring this JV interest during a challenging year in the junior resource sector puts us on track to realize significant value as the high-grade VMS Palmer Project advances with...
Aptose Biosciences to Present at Biotech Showcase™ 2023 Conference
Written by Customer Service on . Posted in Public Companies.
SAN DIEGO and TORONTO, Dec. 28, 2022 (GLOBE NEWSWIRE) — Aptose Biosciences Inc. (Nasdaq: APTO; TSX: APS), a clinical-stage precision oncology company developing highly differentiated oral kinase inhibitors to treat hematologic malignancies, today announced that William G. Rice, Ph.D., Chairman, President and Chief Executive Officer, will participate at the upcoming Biotech Showcase™ 2023 Conference on Tuesday, January 10th, 2023, at 10:00 a.m. PST in San Francisco, CA.
Conference Presentation Details:Date:
Tuesday, January 10, 2023Time:
10:00 a.m. PSTLocation:
Track Yosemite – C (Ballroom Level)
Hilton San Francisco Union Square, 333 O’Farrell Street, San Francisco, CA 94102Webcast:
LINKThe audio webcast will be archived shortly after the live event and will be available through the Aptose...
AirBoss Defense Group and Maddox Defense Partner With Access Bio to Deliver US-Made COVID Test Kits to Defense Logistics Agency
Written by Customer Service on . Posted in Public Companies.
NEWMARKET, Ontario, Dec. 28, 2022 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX: BOS)(OTCQX:ABSSF) (the “Company” or “AirBoss”) today announced that the Defense Logistics Agency (“DLA”) has awarded an Indefinite Delivery/Indefinite Quantity (IDIQ) contract valued at up to US$410M to Access Bio, an industry leader in medical testing and diagnostics, supported by a U.S. coalition including AirBoss Defense Group (“ADG”), Maddox Defense, and a network of US test kit component suppliers. This competitively awarded contract for the delivery of Made in America COVID test kits supports the US Government’s on-going response to the COVID pandemic. The award demonstrates the US Government’s strategic shift toward an American-made and sourced policy that is intended to ensure domestic industrial base capability and capacity...
Innovative Eyewear, Inc. Announces Multi-Year, Global Licensing Agreement with Authentic Brands Group for Eddie Bauer® Smart Eyewear
Written by Customer Service on . Posted in Public Companies.
Miami, FL, Dec. 28, 2022 (GLOBE NEWSWIRE) — Innovative Eyewear, Inc. (“Innovative Eyewear” or the “Company”) (NASDAQ: LUCY; LUCYW), the developer and retailer of smart eyewear under the Lucyd® and Nautica® brands, is pleased to announce that through an agreement with Authentic Brands Group (Authentic), it has licensed the iconic outdoor brand Eddie Bauer® for smart eyewear.
“We are pleased to partner with Lucyd to expand Eddie Bauer’s eyewear offering,” said Henry Stupp, President, Lifestyle EMEA-India at Authentic. “Eddie Bauer is known for delivering innovation across all of its product categories. Through Lucyd’s Bluetooth technology, we reinforce the brand’s standards in this emerging category.”
Eddie Bauer is rooted in its commitment to research and invention, beginning with the creation of the first-ever quilted goose-down...