Day: October 25, 2023
REE’s P7-C Electric TruckREE’s P7-C Electric TruckREE’s P7-C Electric TruckREE’s P7-C Electric Truck• Company’s initial order book value doubles since late August 2023
• Midwest Transit Equipment joins REE’s Authorized Dealer Network and places binding order
• Deliveries to Midwest Transit Equipment are planned to begin in Q1 2024
TEL AVIV, Israel, Oct. 25, 2023 (GLOBE NEWSWIRE) — REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of fully by-wire electric trucks and platforms, today announced its initial order book value1 has doubled since late August 2023. REE’s initial order book value is now approximately $40 million with a recent binding order by Midwest Transit Equipment (MTE), a leading bus dealer in the US, that is now entering the commercial electric...
Bavarian Nordic’s Mpox Vaccine Receives Recommendation from U.S. CDC Advisory Committee for Routine Use in Adults at Risk
Written by Customer Service on . Posted in Public Companies.
COPENHAGEN, Denmark, October 25, 2023 – Bavarian Nordic A/S (OMX: BAVA) announced today that the U.S. Centers for Disease Control and Prevention’s (CDC) Advisory Committee on Immunization Practices (ACIP) has voted in favor of recommending the routine use of JYNNEOS®, the Company’s FDA-approved mpox vaccine, in adults at risk of mpox infection. Specifically, the ACIP voted to recommend that individuals 18 years and older with certain risk factors1 should receive the two-dose regimen of JYNNEOS. Previously, ACIP had recommended JYNNEOS for individuals at risk of mpox only during an outbreak.
The recommendations will be forwarded to the Director of the CDC and the U.S. Department of Health and Human Services for review and following approval, the recommendations will be published in the Morbidity and Mortality Weekly Report.
The CDC estimates...
Nokia Corporation: Repurchase of own shares on 25.10.2023
Written by Customer Service on . Posted in Public Companies.
STOCK EXCHANGE RELEASE
25 October 2023
Nokia CorporationStock Exchange Release
25 October 2023 at 21:00 EEST
Nokia Corporation: Repurchase of own shares on 25.10.2023
Espoo, Finland – On 25 Oct 2023 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:
Trading venue (MIC Code)
Number of shares
Weighted average price / share, EUR*
AQEU
14,428
3.06
CEUX
43,358
3.07
TQEX
9,099
3.06
XHEL
391,115
3.06
Total
458,000
3.06
* Rounded to two decimals
On 3 February 2022, Nokia announced that its Board of Directors is...
Mag Mile Capital Arranges $5,675,000 Senior Loan with CPACE for an Adaptive Reuse Project in Minneapolis, MN
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Mag Mile Capital, Inc.Burlap LoftsMINNEAPOLIS, Oct. 25, 2023 (GLOBE NEWSWIRE) — Mag Mile Capital (OTC: MMCP) proudly announced that Cody Harper, VP of Originations, arranged $5,175,000 of senior debt financing from a Minnesota-based bank and an additional $500,000 of commercial property assessed clean energy (“CPACE”) financing on behalf of CDT Realty Corporation – a Minneapolis-based developer. CDT plans to complete an adaptive-reuse development of two existing brick and timber loft buildings totaling 50,000 square feet located in Northeast Minneapolis at 501-505 1st Ave NE. Constructed in 1910, the buildings will be connected with a new elevator lobby and fully renovated to create lux-loft office space, retail shops, and a variety of tenant amenities. The project, named Burlap Lofts (www.burlaplofts.com) aims to blend...
SLAM Exploration Acquires New Niobium Critical Mineral Project
Written by Customer Service on . Posted in Mergers And Acquisitions.
Image 1Notre Dame ProjectImage 2Niobium Oxide Minerals In Carbonatite At Notre Dame ProjectMIRAMICHI, New Brunswick, Oct. 25, 2023 (GLOBE NEWSWIRE) — SLAM Exploration Ltd. (TSX-V: SXL) (“SLAM” or the “Company”) is pleased to announce it has signed an arm’s length binding term sheet with St-Georges Eco-Mining Corp. (CSE: SX) (“St-Georges”) to give SLAM the option to acquire a 51% interest in the Notre Dame Niobium Critical Mineral Project (the “Notre Dame Project”). The Notre Dame Project is located 110 km northwest of the only niobium producing mine in North-America: the Niobec niobium mine in Quebec.
Project Highlights:Niobium and Rare Earth Element (REE): St-Georges identified niobium and REE’s associated with pegmatites and carbonatites.Niobium and REE’s: Grab samples range up to 2,320 ppm niobium (0.33%...
Festi hf.: Financial results for Q3 2023
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
Key findingsProfit for Q3 was ISK 1,816 million, 21.2% of margin and increased by 16.2% from previous year.
Merchandise sales amounted to ISK 37,334 million, as compared to ISK 35,146 million the previous year, up by 6.2% between years.
Gross margin on goods and services sales amounted to ISK 8,575 million, up by ISK 1,511 million, or 21.4% between years.
Margin level was 23.0%, up 0.3 p.p. from last quarter and 2.9 p.p. from Q3 2022.
Wages and personnel costs increased by 11.2% between years, while full-time equivalent positions increased by 86, or 6.5% between years, due to the opening of new stores and the acquisition of IFC last year.
EBITDA amounted to ISK 3,905 million, as compared to ISK 3,067 million in Q3 2022, an increase of 27.3%. With one-off items excluded from income and expenses incurred in the preceding year, the improvement...
Blinded Data Presented at CTAD Suggest that NE3107 is Biologically Active and May Have Impact on Cognitive, Biomarker, and Imaging Endpoints Among Mild to Moderate Alzheimer’s Disease Patients
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Figure 1Cognitive and Functional Changes From BaselineFigure 2Changes in Amyloid BurdenData TableData TableStatistically significant population changes from baseline were observed for all primary and secondary cognitive and functional assessments measured: ADAS-Cog12, ADCS-CGIC, MMSE, CDR, CDR-SB, ADCOMS, and ADL.1
An apparent significant reduction in amyloid burden from baseline was observed in the population.A significant change from baseline was observed in the Amyloid β 42/40 ratio and Amyloid Probability Score as shown by the PrecivityAD® tests from C2N Diagnostics.
Increased FDG-PET SUVRs were observed in 10 out of 21 patients in a brain imaging sub-study, which is suggestive of reduced amyloid burden.Statistically significant increases in insulin and beta cell function were observed without any...
Inside information: Lassila & Tikanoja plc has completed a strategy review and decided to focus on its circular economy businesses
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Lassila & Tikanoja plcInside information25 October 2023 at 7:30 p.m.
Inside information: Lassila & Tikanoja plc has completed a strategy review and decided to focus on its circular economy businesses, in addition the company initiates an evaluation of strategic alternatives for Facility Services Finland and Facility Services Sweden
The Board of Director’s of Lassila & Tikanoja has today completed a review of the company’s strategy. According to the revised strategy, Environmental Services and Industrial Services divisions will seek growth especially by focusing on business opportunities related to circular economy of materials. The company seeks to grow in these areas organically, potentially supported by selective acquisitions.
“Mitigating climate change and biodiversity loss requires actions supporting circular economy...
BIC: Third Quarter & Nine Months 2023 Results
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
Clichy, France, October 25, 2023
THIRD QUARTER & NINE MONTHS 2023 RESULTSContinued strong sales growth1 in Q3 of +7.2% and an adjusted EBIT margin of 15.2%.
9M net sales growth, +7.1% at constant currency, driven by market share gains in key regions across all categories:9M Human Expression: +7.6% net sales growth at constant currency (CC), driven by Europe and double-digit growth in developing markets.
9M Flame for Life: +1.7% net sales growth at CC, as a result of stronger performance in Europe and developing markets partially offset by a decline in the US.
9M Blade Excellence: +15.6% net sales growth at CC, fueled by added-value products across Europe and Latin America, and double-digit growth in the Middle East and Africa.9M adjusted EBIT margin was 15.0%: impacted by high input cost inflation in the first half (raw materials...
HP Paves Way for Partner Growth with Integration of All Solutions & Services Under Amplify Partner Program
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Introduces enticing new Commercial Partner benefits and extends renowned Amplify™ Program to Distribution Partners
News HighlightsHP consolidates all solutions & services, including Poly, Teradici, and HyperX, into one global1 program
Introduces new Amplify Distribution Program, tailored to meet unique needs of Distribution Partners
Unveils new Commercial Partners benefits including More for More, Fast Lane, and Growth Plays
Scales geographic reach of HP Amplify Impact partner sustainability program to 48 countriesPALO ALTO, Calif., Oct. 25, 2023 (GLOBE NEWSWIRE) — HP Inc (NYSE: HPQ) today announced the launch of HP Amplify for All, an initiative which integrates all HP solutions and services including Poly, Teradici and HyperX into the HP Amplify Program, offering one unified global1 platform for partner engagement....