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Day: January 9, 2024

Key Tronic Corporation Announces Leadership Succession Plans

President and Chief Executive Officer Craig D. Gates to retire Brett R. Larsen to be promoted immediately to Chief Operating Officer, and to President and Chief Executive Officer on June 30, 2024 Anthony (“Tony”) G. Voorhees to be promoted to Executive Vice President of Administration, Chief Financial Officer and Treasurer on June 30, 2024 Chairman of the Board Patrick Sweeney retiring from the Board of Directors; continuing to serve the Company in an emeritus status Board Member Ronald F. Klawitter to act as Chairman of the Board Cheryl Berenak, founding member and CEO of Clearfield Communications, appointed as a new member of the BoardSPOKANE VALLEY, Wash., Jan. 09, 2024 (GLOBE NEWSWIRE) — Key Tronic Corporation (Nasdaq: KTCC) today announced that effective June 30, 2024, its Board of Directors has named Brett R. Larsen to...

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Rail Vision Secures $6 Million Credit Facility

An additional $3 million may be drawn down by the Company, subject to certain conditions Ra’anana, Israel, Jan. 09, 2024 (GLOBE NEWSWIRE) — Rail Vision Ltd. (the “Company”) (Nasdaq: RVSN), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announced the establishment of a $6 million credit facility (the “Credit Facility”) and an additional amount of up to $3 million, subject to certain conditions (the “Additional Loans”), with a global investment firm (the “Lender”). “The successful completion of this financing marks a significant milestone in our ongoing efforts to enhance our capital structure,” said Shahar Hania, CEO of Rail Vision. “The facility strengthens our financial position and improves our ability to accelerate the development and...

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APA promotes Stephen J. Riney to position of President and Chief Financial Officer

HOUSTON, Jan. 09, 2024 (GLOBE NEWSWIRE) — APA Corporation (Nasdaq: APA) announced today that Stephen J. Riney has been promoted to president and chief financial officer. Riney has served as executive vice president and chief financial officer since joining APA in 2015. “Steve has consistently brought tremendous integrity, rigor and strategic counsel to my leadership team since joining APA,” said John J. Christmann, IV, chief executive officer. “He has helped us refine APA’s strategic direction while also successfully navigating some of the most financially challenging times in our industry’s history. His leadership and influence have extended beyond our financial operations, and this promotion formalizes the significant role that Steve plays in helping guide the company’s strategy, goals and execution. I am confident as President,...

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CalAmp Reports Third Quarter Fiscal Year 2024 Financial Results

IRVINE, Calif., Jan. 09, 2024 (GLOBE NEWSWIRE) — CalAmp (Nasdaq: CAMP), a connected intelligence company that helps organizations monitor, track and protect their vital assets, today reported financial results for its third quarter of fiscal year 2024 ended November 30, 2023. Third Quarter Fiscal Year 2024 Financial Overview   Revenue was $53.6 million, representing a 13% decline QoQ and a 32% decline YoY driven primarily by softer demand in the TSP market segment. Gross margin was 33%, representing a decline of approximately 340 bps QoQ and 100 bps decline YoY as a result of a shift in product mix and a higher-than-normal reserve for excess and obsolete inventory. S&SS revenue was $34.5 million, representing a 15% decline QoQ and a 30% decline YoY.  Telematics Products revenue was $19.2 million, representing a 10% decline...

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iCoreConnect Inc. Announces Strategic Acquisition of Verifi Dental

Acquisition Bolsters the Company’s Dental Software Solutions and Services OCOEE, FL, Jan. 09, 2024 (GLOBE NEWSWIRE) — via NewMediaWire – iCoreConnect Inc. (NASDAQ: ICCT)(“iCore” or the “Company”), a leading cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise and healthcare workflow platform, today announced its strategic acquisition of Verifi Dental (“Verifi”). This acquisition expands the portfolio of SaaS software solutions iCore provides to the healthcare market. “This strategic acquisition signifies positive momentum for the Company and the advancement of our growth strategy. The addition of Verifi brings iCore enhanced capabilities, a broader market presence, and ultimately improves the value we offer to our customers and stakeholders,”...

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Toll Brothers Hosts Community Showcase in Georgia on Saturday, Jan. 20 and Sunday, Jan. 21

Holly Farm by Toll BrothersToll Brothers will host a Community Showcase event in Georgia – home buyers are invited to tour model homes and get an inside look at luxury homes under construction.Northbrooke by Toll Brothers“We are looking forward to giving our home buyers behind-the-scenes tours and showing off the beautiful model homes, clubhouses, and amenities at our luxury communities across Atlanta during this very special event,” said Eric White, Division President of Toll Brothers in Georgia.ATLANTA, Jan. 09, 2024 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, is hosting a two-day Community Showcase event across the Company’s new home communities in the greater Atlanta, Georgia area. Taking place on Saturday, Jan. 20 from 10 a.m. to 6 p.m., and Sunday, Jan....

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Kalmar hybrid straddle carriers to help Katoen Natie cut equipment fuel consumption and emissions at Montevideo terminal

Kalmar Hybrid Straddle CarrierKalmar Hybrid Straddle CarrierCARGOTEC CORPORATION, PRESS RELEASE, 9 JANUARY 2024 AT 10 PM (EET) Kalmar, part of Cargotec, has concluded an agreement with Terminal Cuenca del Plata S.A. (TCP), a mixed company between Katoen Natie (80%) and National Port Authority ANP (20%), to supply 20 Kalmar hybrid straddle carriers for deployment at Terminal Cuenca del Plata (TCP) in the Port of Montevideo, Uruguay. This major order was booked in Cargotec’s Q4 2023 order intake. The machines are scheduled to be delivered during Q3 of 2024. TCP is investing more than USD 500 million in the expansion of the specialised container terminal. The project, scheduled for completion in 2026, stands to triple the port’s capacity to 2.3 million TEUs and involves the construction of a 730-metre quay wall and enlargement...

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Ethema to Present at the Emerging Growth Conference on January 10, 2024

WEST PALM BEACH, FL, Jan. 09, 2024 (GLOBE NEWSWIRE) — via NewMediaWire – Ethema Health Corporation (OTCPINK: GRST) (“Ethema” “GRST” or the “Company”) is pleased to announce that it has been invited to present at the next Emerging Growth Conference on January 10 and 11, 2024. This live, interactive online event will give existing shareholders and the investment community the opportunity to interact with the Company’s CEO Shawn Leon in real time. Mr. Leon will make a presentation on Ethema’s outlook for 2024 at 11:25 – 11:55 AM and will subsequently open the floor for questions. Please submit your questions in advance to Questions@EmergingGrowth.com or ask your questions during the event and Mr. Leon will do his best to get through as many of them as possible. Please register here to ensure you are able to attend the conference and...

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Lake City Bank Parent Announces 4% Increase in Quarterly Dividend

WARSAW, Ind., Jan. 09, 2024 (GLOBE NEWSWIRE) — Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, announced that the Board of Directors approved a quarterly cash dividend for the first quarter of 2024 of $0.48 per share, payable February 5, 2024, to shareholders of record as of January 25, 2024. The quarterly dividend represents a 4% increase over the quarterly dividend rate of $0.46 per share paid in 2023. “Lake City Bank’s consistently strong operating performance has contributed to an exceptionally strong capital base. Our dividend increase reflects both our confidence in the future and our success over a very long period of time,” stated David M. Findlay, Chairman and Chief Executive Officer. Lake City Bank, a $6.4 billion bank headquartered in Warsaw, Indiana, is the seventh largest...

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Peapack-Gladstone Bank Hires Birgitta Natale as Senior Vice President, Director of Residential and Consumer Lending

PGCBirgitta Natale, Senior Vice President, Director of Residential and Consumer Lending, Peapack-Gladstone BankBEDMINSTER, NJ, Jan. 09, 2024 (GLOBE NEWSWIRE) — via NewMediaWire – Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the appointment of Birgitta Natale as Senior Vice President, Director of Residential and Consumer Lending.  In this role, Ms. Natale is responsible for both residential and consumer lending, management of the residential loan originations team, and new business development as well as the build out of the mortgage operations expansion into New York.  With more than 27 years of experience in the financial services arena, Birgitta previously served as Vice President, East Coast Closing and Head of New York Processing at First Republic Bank,...

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