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Day: January 21, 2025

FLNG Gimi Received First Gas From the GTA Field

Golar LNG Limited (“Golar”) is pleased to announce that on January 18, 2025, FLNG Gimi received feed gas from the bp operated FPSO on the Greater Tortue Ahmeyim (“GTA”) project offshore Mauritania and Senegal. Full commissioning of the FLNG has now commenced. Prior to achieving this key milestone, gas from the LNG carrier British Sponsor was being used to undertake advanced commissioning work. Receipt of gas from the FPSO allows the full commissioning activity to ramp up. The first LNG export cargo is now expected within Q1 2025, and full Commercial Operations Date (“COD”) is expected within Q2 2025, subject to all conditions being met. First gas to the FLNG will result in the final upward adjustment to the Commissioning Rate under the commercial reset agreed in August 2024. COD will trigger the start of the 20-year Lease and Operate...

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Foresight Partners with Autonomous Drone Manufacturer Generating $16 Million Revenue Potential in India by 2029

Ness Ziona, Israel, Jan. 21, 2025 (GLOBE NEWSWIRE) — Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in three-dimensional (“3D”) perception systems, announced the signing of a commercial cooperation agreement with a leading Indian drone manufacturer, a key supplier to the Indian Ministry of Defense. This collaboration aims to integrate Foresight’s advanced 3D perception solutions into the manufacturer’s autonomous drone platforms, with a total commercial potential reaching up to $2.5 million by 2026. By the end of 2029, the collaboration is anticipated to deliver potential revenue up to $16 million. The agreement, previously announced on January 13, 2025, aims to enable autonomous drone and unmanned aerial vehicle (“UAV”) technology by integrating Foresight’s cutting-edge...

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Disc Medicine Announces Successful Type C Meeting with FDA for Bitopertin in Erythropoietic Protoporphyria (EPP) and Shares Plans for NDA Submission

Pursuing accelerated approval for bitopertin in EPP with protoporphyrin IX (PPIX) reduction as the surrogate endpointPlanning to submit NDA under accelerated approval pathway in H2 2025 based on existing clinical data, including results from BEACON and AURORA Phase 2 trialsAchieved regulatory alignment on APOLLO post-marketing confirmatory trial design and on track to initiate trial by mid-year 2025Aligned on average monthly time in light without pain during the last month of the 6-month treatment period and percent change from baseline in whole-blood metal-free PPIX after 6 months of treatment as coprimary endpoints for confirmatory trialManagement will host a conference call on Tuesday, January 21 at 8:00 am EST.WATERTOWN, Mass., Jan. 21, 2025 (GLOBE NEWSWIRE) — Disc Medicine, Inc. (NASDAQ:IRON), a clinical-stage biopharmaceutical...

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Southern States Bancshares, Inc. Announces Fourth Quarter 2024 Financial Results

Fourth Quarter 2024 Performance and Operational HighlightsNet income of $11.2 million, or $1.11 per diluted share Core net income(1) of $10.5 million, or $1.04 per diluted share(1) Pretax pre-provision core net income(1) of $14.0 million Net interest income of $25.1 million, an increase of $804,000 from the prior quarter Net interest margin (“NIM”) of 3.66%, up 1 basis point from the prior quarter Return on average assets (“ROAA”) of 1.55%; return on average stockholders’ equity (“ROAE”) of 16.13%; and return on average tangible common equity (“ROATCE”)(1) of 18.87% Core ROAA(1) of 1.45%; and core ROATCE(1) of 17.67% Efficiency ratio of 46.67%; and core efficiency ratio of 47.78% Linked-quarter loans grew 4.9% annualized Linked-quarter total deposits, excluding brokered deposits, grew 6.2% annualized Linked-quarter brokered deposits...

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Old National Bancorp Reports Fourth Quarter and Full-Year 2024 Results

EVANSVILLE, Ind., Jan. 21, 2025 (GLOBE NEWSWIRE) —Old National Bancorp (NASDAQ: ONB) reports 4Q24 net income applicable to common shares of $149.8 million, diluted EPS of $0.47; $156.0 million and $0.49 on an adjusted1 basis, respectively. Full-year net income applicable to common shares of $523.1 million, diluted EPS of $1.68; $578.1 million and $1.86 on an adjusted1 basis, respectively.CEO COMMENTARY:“Old National’s successful 4th quarter was driven by continued growth in our peer-leading deposit franchise, disciplined expense and credit management, and solid net interest income and margin performance,” said Chairman and CEO Jim Ryan. “These excellent results punctuate a strong year of earnings that included nearly 10% growth in total deposits, 10% total loan growth, and 8% growth in tangible...

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MEDIROM MOTHER Labs Provides MOTHER Bracelet®︎ Device and Remote Health Monitoring System, REMONY, to TOPPAN Inc.

TOKYO, Jan. 21, 2025 (GLOBE NEWSWIRE) — MEDIROM Healthcare technologies Inc. (NASDAQ: MRM) (“MEDIROM”), a health technology and holistic healthcare company headquartered in Tokyo, Japan and led by CEO Kouji Eguchi, is pleased to announce that its subsidiary, MEDIROM MOTHER Labs Inc. (“MOTHER Labs”) is now providing its remote health monitoring system, REMONY, and charging-free smart tracker device, MOTHER Bracelet®︎, to the Electronics Division of TOPPAN Inc. (Tokyo Stock Exchange: 7911). In recent years, employee health management has shifted from being an individual’s responsibility to becoming one of the key priorities for companies. Since their founding, TOPPAN has consistently undertaken various initiatives to ensure the physical and mental well-being of their employees based on the core philosophy of respect for human beings....

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Sunrise Realty Trust, Inc. Announces Launch of Common Stock Offering

WEST PALM BEACH, Fla., Jan. 21, 2025 (GLOBE NEWSWIRE) — Sunrise Realty Trust, Inc. (“Sunrise Realty” or “the Company”) (Nasdaq: SUNS), an institutional lender that originates and funds loans to commercial real estate projects in the Southern United States, today announced that it has launched an underwritten public offering (the “Offering”) of 5,500,000 shares of its common stock. Sunrise Realty intends to grant the underwriters of the Offering a 30-day option to purchase up to an additional 825,000 shares of common stock. Sunrise Realty intends to use the net proceeds from the Offering to fund loans related to unfunded commitments to its existing borrowers, to originate and participate in commercial loans to commercial real estate projects in the Southern United States that are consistent with its investment strategy, and for...

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STERIS Announces Outcome of Ethylene Oxide Trial

DUBLIN, IRELAND, Jan. 21, 2025 (GLOBE NEWSWIRE) — STERIS plc (NYSE: STE) (“STERIS” or the “Company”) today announced that a jury trial that had been ongoing since December 4, 2024, against Isomedix Operations, Inc. (“Isomedix”), a subsidiary of the Company, ended in a mistrial on January 17, 2025. The case is pending in the Circuit Court of Cook County, Illinois, and involves claims by an individual plaintiff that ethylene oxide emissions from a sterilization facility in Waukegan, Illinois, caused personal injury. Isomedix owned and operated the facility from 2005 to 2008. The Court declared a mistrial at Plaintiff’s request during jury deliberations when dismissal of one of the jurors reduced the jury to fewer than twelve. The Court will schedule the case for re-trial at a later date. Isomedix intends to continue to vigorously...

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Goodfood Reports First Quarter of 2025 Results with Net sales of $35 million, Gross Profit of $14 million and Adjusted EBITDA¹ of $2 million

Net sales were $35 million in the first quarter of 2025, with gross margin2 reaching 39.6% for a gross profit of $14 million Net loss of $2 million, adjusted EBITDA margin1 of 4.7% and adjusted EBITDA1 of $2 million for the quarter Cash flows provided by operating activities of $2 million and adjusted free cash flow1 of $2 million for the first quarter of 2025 Healthy cash balance of $21 million after cash deployed for the acquisition of Genuine Tea and repayment of the term loan in full, with total net debt to adjusted EBITDA1 at 2.64MONTREAL, Jan. 21, 2025 (GLOBE NEWSWIRE) — Goodfood Market Corp. (“Goodfood”, “the Company”, “us”, “we” or “our”) (TSX: FOOD), a leading Canadian online meal solutions company, today announced financial results for the first quarter of Fiscal 2025, ended December 7, 2024. “We are pleased to continue...

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Kimco Realty® Announces Board Leadership Transition

– Milton Cooper to Transition to Chairman Emeritus – – Richard Saltzman to Become Independent Chairman of the Board – – Nancy Lashine and Ross Cooper Join the Board of Directors – JERICHO, N.Y., Jan. 21, 2025 (GLOBE NEWSWIRE) — Kimco Realty Corporation (NYSE: KIM) (the “Company”) has announced the following changes to the Company’s Board of Directors: After more than 60 years of leadership, Mr. Milton Cooper will retire as Executive Chairman of the Company and Kimco Realty OP, LLC (“Kimco OP”) at the 2025 Annual Meeting of Stockholders. Upon Mr. Cooper’s retirement as Executive Chairman of the Company and Kimco OP, Richard Saltzman will become the Independent Chairman of the Board of Directors, Mary Hogan Preusse will conclude her service as Lead Independent Director while remaining a member of the Board, and Milton Cooper will...

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