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Day: August 17, 2023

Regarding the approved electricity and natural gas WACC for 2024

AB “Ignitis grupė” (hereinafter – the Group) informs that on 17 August 2023 National Energy Regulatory Council (hereinafter – NERC) has approved the updated data for calculating the weighted average cost of capital (hereinafter – WACC) for electricity and natural gas sectors. Accordingly, WACC for the Group’s Networks as well as Customers & Solutions segments from 1 January 2024 will be as follows:Business segment(activity) Company WACC 2023 WACC 20241 Change Regulated asset base(RAB) 20232Networks (electricity) AB “Energijos skirstymo operatorius” (ESO) 4.17% 5.09% +0.92 pp EUR 1,183 millionNetworks (natural gas) AB “Energijos skirstymo operatorius” (ESO) 3.99% 5.03% +1.04 pp EUR 254 millionCustomers & Solutions UAB “Ignitis” 3.09% 4.36% +1.27 pp EUR 8 million31 WACC was calculated based on the updated Methodology...

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Regarding the approved electricity and natural gas WACC for 2024

AB “Ignitis grupė” (hereinafter – the Group) informs that on 17 August 2023 National Energy Regulatory Council (hereinafter – NERC) has approved the updated data for calculating the weighted average cost of capital (hereinafter – WACC) for electricity and natural gas sectors. Accordingly, WACC for the Group’s Networks as well as Customers & Solutions segments from 1 January 2024 will be as follows:Business segment(activity) Company WACC 2023 WACC 20241 Change Regulated asset base(RAB) 20232Networks (electricity) AB “Energijos skirstymo operatorius” (ESO) 4.17% 5.09% +0.92 pp EUR 1,183 millionNetworks (natural gas) AB “Energijos skirstymo operatorius” (ESO) 3.99% 5.03% +1.04 pp EUR 254 millionCustomers & Solutions UAB “Ignitis” 3.09% 4.36% +1.27 pp EUR 8 million31 WACC was calculated based on the updated Methodology...

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Aptean Expands ERP Capabilities for Manufacturers and Distributors in Germany through the Acquisition of trend SWM

Modular, Configurable ERP Solution for Mid-sized Businesses ALPHARETTA, Ga., Aug. 17, 2023 (GLOBE NEWSWIRE) — Today, Aptean, a global provider of mission-critical enterprise software solutions, announced its acquisition of trend SWM, an enterprise resource planning (ERP) software provider to manufacturers and distributors in Germany, including manufacturers of paint, chemicals, cosmetics and plastics. trend SWM was founded in 1989 and is headquartered in Freiburg, Germany. trend SWM’s modular, flexible ERP solution includes industry-specific features such as batch management and recipe management to support process manufacturers; as well as packaging and warehouse management functionality to support wholesalers and distributors, and additional features to meet the specific requirements of automotive distributors. trend SWM’s software...

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Global Recycled Polyethylene (PE) Market Size to Reach USD 38.85 Billion in 2032 | Emergen Research

Government policies that reduce plastic waste and encourage recycling is a key factor driving Recycled Polyethylene (PE) market revenue growth Vancouver, Aug. 17, 2023 (GLOBE NEWSWIRE) — The global market size for Recycled Polyethylene (PE) reached USD 13.43 billion in 2022. As per the latest analysis conducted by Emergen Research, it is projected that the market will experience a consistent revenue Compound Annual Growth Rate (CAGR) of 11.4% throughout the forecast period. The notable drivers of this growth include the increasing awareness regarding the environmental impacts of single-use plastics and the growing demand for recyclable PE within the construction sector. A notable strategy gaining traction involves certain businesses worldwide experimenting with an innovative approach. This approach entails the combustion of plastic...

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Hydraulic Dosing Pump Market to Surpass 8.74 Billion by 2030 Drives Due to Industrial Automation Advancements

SkyQuest projects that the hydraulic dosing pump market will attain a USD 1.23 billion value by 2030, with a CAGR of 6.5% over the forecast period (2023-2030). Hydraulic dosing pump market is experiencing growth due to its integration across manufacturing, oil and gas, and chemicals. The demand for accurate and efficient fluid dosing drives this trend. Automation technologies facilitate precise control and monitoring, improving process efficiency and reducing wastage. Westford, USA, Aug. 17, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, growing awareness regarding water quality and scarcity amplifies the need for hydraulic dosing pumps in water treatment applications within the hydraulic dosing pump market. These pumps ensure accurate chemical dosing, contributing to disinfection, pH regulation, and contaminant elimination, thus...

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Hamilton Thorne Reports Revenue For The Quarter And Six Months Ended June 30, 2023

Revenue of $16.4 million and Adjusted EBITDA of $2.8 million for the quarter BEVERLY, Mass. and TORONTO, Aug. 17, 2023 (GLOBE NEWSWIRE) — Hamilton Thorne Ltd. (TSX-V: HTL), a leading provider of precision instruments, consumables, software and services to the Assisted Reproductive Technologies (ART), research, and cell biology markets, today reported audited financial results for the quarter and six months ended June 30, 2023. Financial HighlightsSales increased 15% year over year to $16.4 million for the quarter; sales for the six-month period increased 17% to $33.1 million; sales increased 14% for the quarter and 19% for the six-month period on a constant currency basis Gross profit increased 21% to $8.5 million for the quarter; increase of 22% to $17.0 million for the six-month period Net loss was $439 thousand for the quarter...

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Global Feed Enzymes Market Size to Reach USD 2.89 Billion 2030 | Emergen Research

Provision of feed cost-efficiency is a significant factor driving global feed enzymes market revenue growth Vancouver, Aug. 17, 2023 (GLOBE NEWSWIRE) — The latest analysis conducted by Emergen Research anticipates that the global feed enzymes market will achieve a size of approximately USD 2.89 Billion by the year 2030. This growth is projected to be sustained, with a consistent Compound Annual Growth Rate (CAGR) of 8.1% in terms of revenue. The driving force behind this steady market expansion lies in the capacity of feed enzymes to enhance feed cost-efficiency. The utilization of feed enzymes presents a cost-effective strategy across multiple dimensions. By employing enzyme supplements, a practical method is employed to enhance the overall well-being of livestock. This is achieved by bolstering the absorption rate of supplements...

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Semantix Announces 2Q 2023 Financial Results

Proprietary SaaS Revenue and Gross Profit increases 47% and 51% in 2Q23 yoy respectively SÃO PAULO, Brazil, Aug. 17, 2023 (GLOBE NEWSWIRE) — Semantix, Inc. (NASDAQ: STIX), a leading Latin American enterprise AI platform and applications provider, today announced its financial results for the quarter ended June 30, 2023. “Second Quarter results reflect ongoing momentum in margin accretive proprietary SaaS revenue, which has been primarily fueled by the adoption of our cutting-edge AI applications. As an AI centric company, we have always been at the forefront of innovation, and we are thrilled to witness our customers’ increasing realization of how AI can solve their challenges,” said Leonardo Santos, CEO and Founder of Semantix. “With the benefits of AI becoming more tangible, we are leveraging our product positioning and...

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Nanox Announces Second Quarter of 2023 Financial Results and Provides Business Update

Reports progress towards global supply chain development Ended the second quarter of 2023 with cash, cash equivalents, restricted cash and marketable securities of $80.3 million Management to host conference call and webcast Thursday, August 17, 2023 at 8:30 AM ET NEVE ILAN, Israel, Aug. 17, 2023 (GLOBE NEWSWIRE) — NANO-X IMAGING LTD (NASDAQ: NNOX) (“Nanox” or the “Company”), an innovative medical imaging technology company, today announced results for the second quarter ended June 30, 2023 and provided a business update. Second Quarter 2023 Highlights and Recent Developments:  ●   On April 28, 2023, the Company received 510(k) clearance from the U.S. Food and Drug Administration (the “FDA”) to market the Nanox.ARC (including the Nanox.CLOUD) as a stationary ‎X-ray ‎system ‎intended to produce tomographic images of the human...

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Rush Street Interactive Selected by Delaware Lottery as Its Vendor for Online Gaming Operations

CHICAGO, Aug. 17, 2023 (GLOBE NEWSWIRE) — Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States, today announced that it has been selected by the Delaware State Lottery as its vendor for the state’s online gaming business. RSI will provide state-of-the-art online gaming in Delaware for an initial term of 5 years, renewable for additional 1-year terms for an additional 5 years pending regulatory approvals. “We are honored to be selected by the Delaware State Lottery selection committee to provide online gaming operations in the First State,” said Richard Schwartz, CEO of RSI. “This partnership is yet another significant milestone for RSI, as the confidence of a state-backed organization, such as the Delaware Lottery, further validates the trust that lottery officials...

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