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Day: December 20, 2023

The Coretec Group to Host a Shareholder Call on January 11 to Highlight 2023 Milestones and Endurion Update

The Company will update shareholders on the latest developments of its Endurion battery program and discuss the path toward commercialization in 2024 ANN ARBOR, Mich., Dec. 20, 2023 (GLOBE NEWSWIRE) — The Coretec Group (OTCQB: CRTG), developers of silicon anode active materials for lithium-ion batteries, and cyclohexasilane (CHS) for EV, cleantech, and 3D display technology, today announced it will host a shareholder presentation and call at 10:00 a.m. EST on Thursday, January 11, 2024, to review the Company’s 2023 achievements and the commercially positive results of its 2023 Endurion full cell battery program. 2023 has been a year of exciting developments for The Coretec Group’s Endurion battery program, CSpace display technology, and expansion of its corporate footprint. Some notable highlights to be discussed on the shareholder...

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Heritage Distribution acquires Webb Supply

ATLANTA, Dec. 20, 2023 (GLOBE NEWSWIRE) — Heritage Distribution Holdings, the U.S. platform for global HVAC wholesaler Beijer Ref, has signed an agreement to acquire the assets of Webb Supply (“Webb”), a wholesale HVAC distributor headquartered in Cleveland, OH and serving contractors in Northeastern Ohio and Western Pennsylvania – territories with seamless positioning in our current portfolio. Founded in 1965, Webb is a family-owned company that is comprised of skilled professionals committed to providing solutions for different HVAC market segments, focused on residential add-on replacements and commercial projects. Webb has strong alignment with Heritage Distribution’s key suppliers. Webb will continue to operate under its own brand, in both distribution and marketing. The company will become part of Heritage’s Northern Region,...

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Live Ventures Reports Fiscal Year 2023 Financial Results

LAS VEGAS, Dec. 20, 2023 (GLOBE NEWSWIRE) — Live Ventures Incorporated (Nasdaq: LIVE) (“Live Ventures” or the “Company”), a diversified holding company, today announced financial results for its fiscal year ended September 30, 2023.  Fiscal Year 2023 Key Highlights:Acquired Flooring Liquidators, Inc. (“Flooring Liquidators”), Precision Metal Works, Inc. (“PMW”), certain assets from Cal Coast Carpet Warehouse, Inc., and the Harris Flooring Group® brands, transactions valued at approximately $117 million Revenues were $355.2 million, as compared with $286.9 million in the prior year, an increase of 23.8% over the prior year period Net loss was ($0.1) million and diluted loss per share was ($0.03), as compared with prior year net income of $24.7 million and diluted earnings per share (“EPS”) of $7.84 Adjusted EBITDA¹ was $31.5 million,...

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Verizon gives the gift of upgraded wireless service to Phoenix communities

New cell sites added in Mesa, Scottsdale, Chandler, Tempe and Queen Creek, AZ delivering reliable 4G and high-performing 5G Ultra Wideband service IRVING, Texas, Dec. 20, 2023 (GLOBE NEWSWIRE) — Verizon recently turned on new cell sites in Mesa, Scottsdale, Chandler, Tempe and Queen Creek, AZ bringing reliable 4G and high-speed 5G Ultra Wideband service to residents and visitors. Whether enjoying connecting with friends and family while on the move, connecting their smart homes through Verizon Home Internet, or using Verizon service for small business or enterprise applications, Verizon customers in the Phoenix area just got a big boost. The new cell sites provide improved coverage and capacity:Near the intersection of Adobe Street and N 76th Place in Mesa Near the intersection of Scottsdale Road and Drinkwater Boulevard in Scottsdale Near...

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ReShape Lifesciences® Engages Maxim Group LLC To Identify Strategic M&A Partnership Alternatives

IRVINE, Calif., Dec. 20, 2023 (GLOBE NEWSWIRE) — ReShape Lifesciences Inc. (Nasdaq: RSLS), the premier physician-led weight loss and metabolic health-solutions company, today announced that it has engaged Maxim Group LLC, to act as the Company’s exclusive financial advisor to identify potential strategic merger and acquisition partnership alternatives. The Company does not have a defined timeline for such a transaction and cannot provide any assurance whether or when any transaction will be announced or consummated. About Maxim Group LLCFounded in 2002, Maxim Group is a leading full-service investment bank, securities and wealth management firm headquartered in mid-town Manhattan providing a comprehensive array of financial services including investment banking, global institutional sales, equity research, fixed income and derivative...

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Kane Biotech Receives Offer for its Interest in STEM Animal Health

Proposed transaction allows for sharpened focus on Human Health WINNIPEG, Manitoba, Dec. 20, 2023 (GLOBE NEWSWIRE) — Kane Biotech Inc. (TSX-V:KNE OTCQB:KNBIF) (the “Company”, “Kane” or “Kane Biotech”) announces today that on December 19, 2023, it signed a non-binding offer for the sale of its interest in STEM Animal Health Inc. (“STEM”). “In 2018, when I joined as CEO, Kane made the strategic decision to continue to build Kane’s animal health portfolio, while expanding into advanced wound care” said Marc Edwards, Chief Executive Officer of Kane Biotech. “Since that time, we have created STEM in partnership with Animalcare, received VOHC Seal of Acceptance for our pet oral care water additive, and signed licensing and distribution agreements with Animalcare and Skout’s Honor Pet Supply Company. These actions have created real value...

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Automotive Suspension System Market Size Worth $107.12 Billion by 2035 | Latest Report By Fortune Business Insights

Automotive Suspension System Market to Be Worth USD 107.12 Billion By 2035; Increasing Demand for Shock Dampers from OEMs to Lead the Industry: Fortune Business Insights™ Pune, India, Dec. 20, 2023 (GLOBE NEWSWIRE) — The global automotive suspension system market size was valued at USD 44.32 billion in 2022. The market is projected to grow from USD 45.45 billion in 2023 to USD 107.12 billion by 2035, at a CAGR of 7.41% during the forecast period. A mechanical system of springs or shock absorbers linking the wheels and axles to the chassis of a wheeled vehicle makes up an automotive suspension system. Additionally, allowing relative mobility between the wheels and axles, the suspension system softens the impact of various road surfaces. The global market is being driven by the escalating need for improved comfort and safer...

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Automotive Ultrasonic Technologies Market Size Worth $11.76 Billion by 2030 | Fortune Business Insights

Automotive Ultrasonic Technologies Market to Grow Gradually; Surging Need for Ultrasonic Sensors in Parking Assistance Systems and Obstacle Detection to Fuel Market Progress: Fortune Business Insights™ Pune, India, Dec. 20, 2023 (GLOBE NEWSWIRE) — The global automotive ultrasonic technologies market size stood at USD 6.34 billion in 2022. The market is predicted to rise from USD 6.80 billion in 2023 to USD 11.76 billion by 2030, registering a CAGR of 8.1% from 2023 to 2030. Increasing consumer adoption of vehicles equipped with Advanced Driver Assistance Systems (ADAS) that improve driving safety and convenience is driving the demand for automotive ultrasonic technologies. The surging need for ultrasonic sensors in parking assistance systems, blind spot detection systems, and obstacle detection is also contributing to increased...

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Lumine Group to Acquire Device Management and Service Management Platform Businesses from Nokia

TORONTO, Dec. 20, 2023 (GLOBE NEWSWIRE) — Lumine Group Inc. (“Lumine Group” or “the Company”) (TSXV: LMN), a global buy-and-hold forever acquirer of communications and media software businesses, today announced that, through one of its wholly-owned subsidiaries, it has entered into a definitive agreement to acquire the Device Management and Service Management Platform businesses from Nokia (NYSE: NOK). This will mark Lumine Group’s second carve-out transaction with Nokia. Device Management and Service Management Platform are primarily the result of two previous acquisitions by Nokia, namely Motive and mFormation. Following the acquisition, Lumine Group will restore the Motive brand as the new corporate entity for the Device Management and Service Management Platform solutions as a stand-alone business unit within Lumine Group. David...

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Nokia announces deal to sell Device Management and Service Management Platform businesses to Lumine Group

Press Release  Nokia announces deal to sell Device Management and Service Management Platform businesses to Lumine GroupDeal marks further progress in Nokia’s strategy to actively manage its Cloud and Network Services (CNS) business group portfolio in order to invest in other strategic areas and enhance technology leadership Deal enhances Lumine Group’s software portfolio, and enables Nokia customers to benefit from Lumine’s telecom industry expertise, financial resources, and strategic intent to invest in long-term product roadmap20 December 2023 Espoo, Finland – Nokia today announced an agreement under which Lumine Group Inc. will buy Nokia’s Device Management (DM) and Service Management Platform (SMP) businesses. The deal will enable Nokia DM and SMP customers to benefit from Lumine’s telecom industry expertise, financial resources,...

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