Month: October 2021

Release – FenixOro CEO John Carlesso Featured in Noble Capital Markets CSuite Interview

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FenixOro CEO John Carlesso Featured in Noble Capital Markets C-Suite Interview

 

  TORONTO, Oct. 20, 2021 (GLOBE NEWSWIRE) — FenixOro Gold Corp (CSE:FENX) (OTCQB:FDVXF) (Frankfurt:8FD) is pleased to announce their participation in Noble Capital Markets’ C-Suite Interview Series, presented by Channelchek.

FenixOro CEO John Carlesso sat down with Noble Capital Markets Senior Research Analyst Mark Reichman for an exclusive interview to discuss the Company’s Abriaqui Gold Project. Topics covered include:

  • The business and political climate in Colombia and what makes it an attractive jurisdiction
  • The accessibility and infrastructure of the property
  • Exploration and drilling results to date; Mineralization potential
  • The progress at Abriaqui towards a formal maiden resource estimate
  • Upcoming potential catalysts for the Company

The interview was recorded on October 5, 2021 and is available now at Channelchek

About FenixOro Gold Corp.

FenixOro Gold Corp is a Canadian company focused on acquiring and exploring gold projects with world class exploration potential in the most prolific gold producing regions of Colombia. FenixOro’s flagship property, the Abriaqui project, is the closest project to Continental Gold’s Buritica project. It is located 15 km to the west in Antioquia State at the northern end of the Mid-Cauca gold belt, a geological trend which has seen multiple large gold discoveries in the past 10 years including Buritica and Anglo Gold’s Nuevo Chaquiro and La Colosa. As documented in “NI 43-101 Technical Report on the Abriaqui project Antioquia State, Colombia” (December 5, 2019), the geological characteristics of Abriaqui and Buritica are similar. Since the preparation of this report a Phase 1 drilling program has been completed at Abriaqui resulting in a significant discovery of a high grade, “Buritica style” gold deposit. A Phase 2 drilling program has recently commenced.

FenixOro’s VP of Exploration, Stuart Moller, led the discovery team at Buritica for Continental Gold in 2007-2011. At the time of its latest public report, the Buritica Mine contains measured plus indicated resources of 5.32 million ounces of gold (16.02 Mt grading 10.32 g/t) plus a 6.02 million ounce inferred resource (21.87 Mt grading 8.56 g/t) for a total of 11.34 million ounces of gold resources Buritica began formal production in November 2020 and has expected annual average production of 250,000 ounces at an all-in sustaining cost of approximately US$600 per ounce. Resources, cost and production data are taken from Continental Gold’s “NI 43-101 Buritica Mineral Resource 2019-01, Antioquia, Colombia, 18 March, 2019”). Continental Gold was recently the subject of a takeover by Zijin Mining in an all-cash transaction valued at C$1.4 billion.

About Noble Capital Markets

Noble Capital Markets, Inc. was incorporated in 1984 as a full-service SEC / FINRA registered broker-dealer, dedicated exclusively to serving underfollowed small / microcap companies through investment banking, wealth management, trading & execution, and equity research activities. Over the past 37 years, Noble has raised billions of dollars for these companies and published more than 45,000 equity research reports. www.noblecapitalmarkets.com email: contact@noblecapitalmarkets.com

About Channelchek

Channelchek.com is a comprehensive investor-centric portal – featuring more than 6,000 emerging growth companies – that provides advanced market data, independent research, balanced news, video webcasts, exclusive c-suite interviews, and access to virtual road shows. The site is available to the public at every level without cost or obligation. Research on Channelchek is provided by Noble Capital Markets, Inc., an SEC / FINRA registered broker-dealer since 1984. www.channelchek.com email: contact@channelchek.com

FenixOro Gold Corp
John Carlesso, CEO
Email: info@FenixOro.com
Website: www.FenixOro.com
Telephone: 1-833-ORO-GOLD

Release – Capstone Green Energy Continues Market Penetration In Latin America With First District Cooling Application For Llanogas

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Capstone Green Energy (NASDAQ:CGRN) Continues Market Penetration In Latin America With First District Cooling Application For Llanogas

 

The Microturbine Enclosure Will Be Sized to Accommodate Future Expansion

VAN NUYS, CA / ACCESSWIRE / October 20, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN) (“Capstone” or the “Company”), a global leader in carbon reduction and on-site resilient green energy solutions, announced today that Supernova Energy Services (www.supernova-es.com), Capstone’s exclusive distributor for Colombia and Venezuela, secured an order for a three-bay C400 Signature Series microturbine to be installed in a cogeneration application and supply electricity and cooling for Llanogas, a leading natural gas utility company in Colombia.

The success and demonstrated benefits of a pilot project at Llanogas’ headquarters in Villacencio, Meta, Colombia led officials to install a three-bay natural-gas fueled C400S microturbine package at a nearby office complex located near El Barzal. The system is the first district cooling application in the country. In this application, cold water is produced in a centralized location for distribution to buildings like offices and factories through a network of insulated underground pipes. District cooling offers a modern, efficient way to air condition a network of buildings in cities or complexes and contribute to improving a reliable energy infrastructure.

“Carbon reduction practices are evolving in exciting new ways, and energy efficiency strategies are evolving with them,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. “Capstone solutions deliver essential power reliability and energy efficiency that energy dense customers require, which, in turn, improves their return on investment. At the same time, our systems lower their carbon footprint,” added Mr. Jamison.

Committed to the care and preservation of the environment, Llanogas officials actively sought a cogeneration solution that would offset their carbon footprint and maximize overall energy efficiency. Capstone’s innovative technology was selected for its scalability, resiliency, and ability to reduce energy costs while simultaneously reducing emissions of pollutants and greenhouse gases.

“This will be an iconic project in the city of Villavicencio, it being the first dedicated office complex with the capacity to provide cooling for several adjacent buildings and trend setting technologically with the cooling water energy storage,” said Nestor Moseres, President of Supernova Energy Services.

About Capstone Green Energy

Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Conversion Products are driven by the Company’s industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, Capstone Green Energy offers customers a variety of hydrogen products, including the Company’s microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated at 1,115,100 tons of carbon and $698 million in annual energy savings.

For more information about the Company, please visit: www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company’s growth strategy and other statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company’s ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

CONTACT:
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
ir@CGRNenergy.com

SOURCE: Capstone Green Energy Corporation

Release – Palladium One Obtains Both OTCQB Market Listing and DTC Eligibility

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Palladium One Obtains Both OTCQB Market Listing and DTC Eligibility

 

October 20, 2021 – Toronto, Ontario – Palladium One Mining Inc. (TSX-V: PDM, OTCQB: NKORF, FRA: 7N11) (the “Company” or “Palladium One”) is pleased to announce that its common shares are now eligible for settlement through the Depository Trust Company (“DTC”), a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly-traded companies in the United States.

Palladium One’s common shares are now fully DTC eligible and will continue to trade in the United States on the OTCQB under the ticker symbol “NKORF”.Through an electronic method of clearing securities, DTC eligibility significantly reduces the costs and accelerates the settlement process for investors and brokers, allowing the Company’s common shares to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.

“Providing broader and more efficient access for US investors to participate in our discovery successes, will enhance our shareholder base. In light of the ‘green transportation’ dynamic gripping the United States and elsewhere, timing is ideal, to provide US investors with more efficient investment access to Palladium One’s common shares.” stated Derrick Weyrauch, President and CEO.

Trading on the OTCQB

The OTCQB listing, when combined with DTC eligibility, is anticipated to provide greater liquidity and a more seamless trading experience for existing U.S. shareholders and potential new investors. An OTCQB listing provides exemptions from certain U.S. state securities laws or “blue sky” exemptions which may help to further increase liquidity and expand the ability of investment advisors’ to research and recommend investment in Palladium One.

About Palladium One

Palladium One Mining Inc. is an exploration company targeting district scale, platinum-group-element (PGE)-copper nickel deposits in Finland and Canada. Its flagship project is the Läntinen Koillismaa or LK Project, a palladium dominant platinum group element-copper-nickel project in north-central Finland, ranked by the Fraser Institute as one of the world’s top countries for mineral exploration and development. Exploration at LK is focused on targeting disseminated sulfides along 38 kilometers of favorable basal contact and building on an established NI 43-101 open pit Mineral Resource.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

For further information contact: Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release includes “forward-looking information” that is subject to a few assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding listing of the Company’s common shares on the TSXV are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions and general business conditions. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those set out in the Company’s annual information form dated April 27, 2021 and filed under the Company’s profile on SEDAR at www.sedar.com. The Company does not undertake to update forward?looking statements or forward?looking information, except as required by law. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.

Cannabis Related Businesses (CRB) New Access to Banking Services

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	Image Credit: Elsa Olofson (Unsplash)

Banks and Credit Unions Are Now Allowing Services For Marijuana And Cannabis Businesses

 

Cannabis businesses continue to be challenged with their awkward legal situation. They’re caught between different state and federal laws governing their products. While the U.S. Congress is expected to one day pass cannabis banking reforms and broader legislation for marijuana legalization, most notably the SAFE Banking Act and the  Cannabis Administration and Opportunities Act, there are institutions that are opening their banking systems to help serve the needs of this part of the community.

Background:

Thirty-five states, the District of Columbia, Guam, and Puerto Rico, have all legalized the use of marijuana to some degree. Yet the possession, distribution, or sale of marijuana remains illegal under federal law, this means any contact with money that can be traced back to state marijuana operations could potentially be considered money laundering and expose a bank to significant legal, operational and regulatory risk.

The list of businesses falling between the gap of state and federal law is long. It includes growers, retailers, various vendors, landlords, and employees indirectly tied to the cannabis industry. This poses a legal risk on the federal level for banks if they serve any of these entities or individuals, as indirect connections to marijuana revenues are hard, if not impossible, for banks to identify and avoid.

The rift between federal and state law has left banks trapped between their mission to serve the financial needs of their communities and the threat of potentially severe federal enforcement action.

 

The second-largest bank in the U.S., Bank of America backed off from banking a federally legal research operation last week.


Cannabis Fintech Companies

StandardC is a Fintech company that provides cannabis-related businesses (CRB) with banking services. They’re able to lend, make payments, insure, provide payroll services, and armored transport to CRBs. In a press release, The San Francisco-based company announced in a press release that it now has the capacity to serve over 1,500 CRBs and accept total deposits of over $1.3 billion. 

While cannabis does remain restricted under the Controlled Substances Act (CSA); The Financial Crimes Enforcement Network (FinCEN), which is
the enforcer of the Bank Secrecy Act (BSA) and its Anti-Money Laundering (AML)
requirements, issued guidance (FIN-2014-G001) in 2014 that “…clarifies
how financial institutions can provide services to marijuana-related businesses
consistent with their BSA obligations.” According to Robert Baron, the Chief Experience Officer of StandardC. Mr. Baron is a cannabis banking expert and Certified Anti-Money Laundering Specialist (CAMS, CAMS-RM), He noted in his company’s release that the 2014 guidance provides a framework that is used by his company and its member banks and credit unions to solve the lack of access to banking.  Mr. Baron noted that “While the largest banks sit out on the sidelines, we are solving the banking crisis by deploying proven technology and expertise to enable bankers to meet the needs of the cannabis industry.”

Robert Mann, CEO of StandardC, commented “While Congress deliberates, our network of federally insured financial institutions is taking action to solve the problems faced by the cannabis industry.  They deserve access to banking, and they no longer have to wait for the government to act.”

Take-Away

Despite delays by the U.S. Congress to pass cannabis banking reforms and broader legislation for marijuana legalization, most notably the SAFE Banking Act and the 
Cannabis
Administration and Opportunity Act, some banks and credit unions are stepping in to help bank this sector. With the help of a fintech company and supporting banks and credit unions, guidance issued in 2014 by FINCen is being relied upon to properly and compliantly structure the services.

Suggested Reading



Federal Law Questions Still Loom for the Cannabis Industry

What’s in the Senate’s Marijuana Tax Proposal





Marijuana Dispensaries and the Impact on Use

Michael Burry’s Earlier Bet Against Tesla Has Been Closed Out

 

Sources:

https://www.prnewswire.com/news-releases/banks-and-credit-unions-are-now-opening-accounts-for-marijuana-and-cannabis-businesses-301403389.html

https://www.aba.com/advocacy/our-issues/cannabis

https://www.jdsupra.com/legalnews/safe-banking-act-of-2021-where-are-we-5632341/

https://www.usnews.com/news/best-states/articles/where-is-marijuana-legal-a-guide-to-marijuana-legalization

https://twitter.com/suesisleymd/status/1449185818493390851

 

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Palladium One Obtains Both OTCQB Market Listing and DTC Eligibility

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Palladium One Obtains Both OTCQB Market Listing and DTC Eligibility

 

October 20, 2021 – Toronto, Ontario – Palladium One Mining Inc. (TSX-V: PDM, OTCQB: NKORF, FRA: 7N11) (the “Company” or “Palladium One”) is pleased to announce that its common shares are now eligible for settlement through the Depository Trust Company (“DTC”), a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly-traded companies in the United States.

Palladium One’s common shares are now fully DTC eligible and will continue to trade in the United States on the OTCQB under the ticker symbol “NKORF”.Through an electronic method of clearing securities, DTC eligibility significantly reduces the costs and accelerates the settlement process for investors and brokers, allowing the Company’s common shares to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.

“Providing broader and more efficient access for US investors to participate in our discovery successes, will enhance our shareholder base. In light of the ‘green transportation’ dynamic gripping the United States and elsewhere, timing is ideal, to provide US investors with more efficient investment access to Palladium One’s common shares.” stated Derrick Weyrauch, President and CEO.

Trading on the OTCQB

The OTCQB listing, when combined with DTC eligibility, is anticipated to provide greater liquidity and a more seamless trading experience for existing U.S. shareholders and potential new investors. An OTCQB listing provides exemptions from certain U.S. state securities laws or “blue sky” exemptions which may help to further increase liquidity and expand the ability of investment advisors’ to research and recommend investment in Palladium One.

About Palladium One

Palladium One Mining Inc. is an exploration company targeting district scale, platinum-group-element (PGE)-copper nickel deposits in Finland and Canada. Its flagship project is the Läntinen Koillismaa or LK Project, a palladium dominant platinum group element-copper-nickel project in north-central Finland, ranked by the Fraser Institute as one of the world’s top countries for mineral exploration and development. Exploration at LK is focused on targeting disseminated sulfides along 38 kilometers of favorable basal contact and building on an established NI 43-101 open pit Mineral Resource.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

For further information contact: Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release includes “forward-looking information” that is subject to a few assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding listing of the Company’s common shares on the TSXV are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions and general business conditions. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those set out in the Company’s annual information form dated April 27, 2021 and filed under the Company’s profile on SEDAR at www.sedar.com. The Company does not undertake to update forward?looking statements or forward?looking information, except as required by law. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.

The SEC’s Final Report on Short Squeeze Activity

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The SEC Issues 44 Page Report On January Short Squeeze

 

The Securities and Exchange Commission (SEC) released a report yesterday (October 18) with conclusions on January’s “meme stock madness” and for some, “short-squeeze sadness. ” While many like to think the little guy with the trading app got to slay the big bad hedge funds, according to the SEC, it didn’t really happen that way.

The SEC report on trading activity from January, along with a statement from SEC Chair Gary Gensler, says the Commission will use the episode to try to figure out how to make the markets more “fair, orderly, and efficient.” Although the short squeeze and the surprise restrictions on trading are often tied to GameStop ($GME) and Robinhood ($HOOD), many seemingly “dead-money” stocks shot higher during the second half of January. The cause was said to be retail investors on stock forums and message boards like the subreddit r/wallstreetbets conspiring to band together and buy until margin calls forced short-sellers to cover.  

The movement was followed by many brokers restricting trading in the more active names ($AMC, $GME, $BB, $IBKR, $NOK, etc.), this caused confusion and cries of foul play among non-institutional market participants.

 

Page 16 of SEC Report on meme stocks dated October 18, 2021

 

The idea that the little guys were beating the Wall Street “machine” and that something intentionally unfair and nefarious occurred to suppress their full victory was debunked in the 44 page SEC report on the matter.

SEC Recommendations

While the report is boring compared to the drama and conjecture that occurred earlier in the year, the Commission makes specific recommendations about how the market should change and could be improved. Specifically, the report says that it would benefit the markets if trades had shorter settlements so clearinghouses wouldn’t have to hold as much collateral to prevent buyers and sellers from defaulting.

The SEC report observes that the primary reason behind the move up in GameStop shares was not a short squeeze but instead an overall enthusiasm of self-directed investors buying active stocks. While some short-sellers did appear to cause upward movement in the stock when they covered their open positions, the moves were overshadowed by the high volume of buyers of the stock. Details of the spike of retail interest can be summarized by this one line in the SEC release, “By Jan. 27, the number of unique accounts trading GME on a given day increased from less than 10,000 at the beginning of the month to nearly 900,000.”

Other Data

On Dec. 31, 2020, short interest in GameStop rose to 109%. This level convinced some retail traders that there was “naked short selling” going on. This is not a legal practice, but it is accomplished by shorting stock without first borrowing it. The SEC found that there was a higher than normal number of shares that sellers failed to deliver. This can occur with naked short sales because the short-seller doesn’t have the stock to deliver. The SEC report points out that other factors can explain the failures to deliver, and that there were not “persistent fails to deliver.” and they did not span multiple days. The SEC pointed to other reasons why short interest can spike above 100%, “If someone purchases a stock from a short seller and subsequently lends the stock out again, it will appear as if the stock was sold short twice for the purpose of the short interest calculation,” the report says.

What Part Did
Robinhood Play?

The report seems to support the explanation that brokers like Robinhood gave for restricting the purchase of some tickers. At the time, stockbrokers said they were forced to halt trading because of escalating demands from their clearinghouse(s) that required additional collateral to cover any potential losses. The clearinghouses did not want to be on the hook for covering losses in the event that trades failed as the increase in volume created a dangerous and challenging situation.

Brokers took special steps to meet the demand, Robinhood raised $3 billion in emergency funding. Another broker implemented trading restrictions for a different reason, they ran out of unique IDs to identify orders. The events of those days are now being fought over in court, and there still could be improper behavior uncovered. Additionally, the failure of market brokers and clearinghouses to keep up with the speed of the action raises concerns about how the market will handle the influx of new investors.

Overall Conclusion

The SEC report does not point to or suggest collusion between brokers and hedge funds or any other participants that would explain an alternative reason for the trading halts. In other words, no foul play was found.

There are some leanings in the report as to how markets might be revised down the road. The SEC’s conclusions include recommendations that they examine how behavioral prompts from online brokers may encourage trading among retail customers.  Payment for order flow is something else that is still being reviewed and how payment for order flow, (payments from market-makers to brokers to execute their trades) impacts small investors. The SEC admits in the report that regulators would benefit if there was more info out there on short selling.

 

Suggested Reading:



Would T+1 Settlement Prevent Margin Calls?

Robinhood’s IPO and its Place in Stock Market History





Is This Bullish for GameStop?

Polarized Opinions Around the GameStop Short Squeeze

 

Sources:

https://www.sec.gov/news/press-release/2021-212

https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf

https://www.cbsnews.com/news/securities-and-exchange-commission-gamestop-meme-stocks-order-flow/

https://www.barrons.com/articles/sec-report-changes-what-we-know-about-januarys-gamestop-frenzy-51634590024

 

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Release – 1-800-FLOWERS.COM Inc. to Release Results for its Fiscal 2022 First Quarter on Thursday October 28 2021

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1-800-FLOWERS.COM, Inc. to Release Results for its Fiscal 2022 First Quarter on Thursday, October 28, 2021

 

JERICHO, N.Y.–(BUSINESS WIRE)– 1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS),a leading provider of gifts designed to help customers express, connect and celebrate, today announced that the Company will release financial results for its fiscal 2022 first quarter (ended 9/26/21) on Thursday, October 28, 2021. The press release will be issued prior to market opening and will be followed by a conference call with members of senior management at 8:00 a.m. (ET).

The conference call will be available via live webcast from the Investor Relations section of the Company’s website at 1800flowersinc.com. A recording of the call will be posted on the website within two hours of the call’s completion. A telephonic replay of the call can be accessed beginning at 2:00 p.m. (ET) on October 28 through November 4, 2021, at: (US) 1-877-344-7529; (
Canada) 855-669-9658; (International) 1-412-317-0088; enter conference ID #:10161105. If you have any questions regarding the above information, please call Patty Altadonna at (516) 237-6113 or the Investor Relations office at (516) 237-6131.

Special Note Regarding Forward-Looking Statements:
Some of the statements contained in the Company’s scheduled Thursday, October 28, 2021, press release and conference call regarding its fiscal 2022 first quarter (ended 9/26/21) results, other than statements of historical fact, may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. For a more detailed description of these and other risk factors, please refer to the Company’s SEC filings including its Annual Reports and Forms 10K and 10Q available at the Investor Relations section of the Company’s website at 1800flowersinc.com. The Company expressly disclaims any intent or obligation to update any of the forward-looking statements made in the scheduled conference call and any recordings thereof, or in any of its SEC filings, except as may be otherwise stated by the Company.

About 1-800-FLOWERS.COM, Inc.

1-800-FLOWERS.COM, Inc. is a leading provider of gifts designed to help customers express, connect and celebrate. The Company’s e-commerce business platform features an all-star family of brands, including: 1-800-Flowers.com®, 1-800-Baskets.com®, Cheryl’s Cookies®, Harry & David®, PersonalizationMall.com®, Shari’s Berries®, FruitBouquets.com®, Moose Munch®, The Popcorn Factory®, Wolferman’s Bakery®, Stock Yards® and Simply Chocolate®. Through the Celebrations Passport® loyalty program, which provides members with free standard shipping and no service charge across our portfolio of brands, 1-800-FLOWERS.COM, Inc. strives to deepen relationships with customers. The Company also operates BloomNet®, an international floral and gift industry service provider offering a broad-range of products and services designed to help members grow their businesses profitably; Napco?, a resource for floral gifts and seasonal décor; and DesignPac Gifts, LLC, a manufacturer of gift baskets and towers. 1-800-FLOWERS.COM, Inc. was recognized among the top 5 on the National Retail Federation’s 2021 Hot 25 Retailers list, which ranks the nation’s fastest-growing retail companies. Shares in 1-800-FLOWERS.COM, Inc. are traded on the NASDAQ Global Select Market, ticker symbol: FLWS. For more information, visit 1800flowersinc.com or follow @1800FLOWERSInc on Twitter.

FLWS-COMP
FLWS-FN

Investor:

Joseph D. Pititto

(516) 237-6131

E-mail: invest@1800flowers.com

Media:

Kathleen Waugh

(516) 237-6028

kwaugh@1800flowers.com

Source: 1-800-FLOWERS.COM, Inc.

Ocugen Inc. to present pre-clinical data for OCU410 at 2nd Annual Dry AMD Therapeutic Development Conference

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Ocugen Inc. to present pre-clinical data for OCU410 at 2nd Annual Dry AMD Therapeutic Development Conference

 

MALVERN, Pa., Oct. 19, 2021 (GLOBE NEWSWIRE) — Ocugen, Inc. (NASDAQ: OCGN), a biopharmaceutical company focused on discovering, developing, and commercializing gene therapies to cure blindness diseases and developing a vaccine to save lives from COVID-19, today announced that its head of Research and Development, Arun Upadhyay, PhD, will present pre-clinical data demonstrating how the company’s second modifier gene therapy candidate, OCU410, could potentially be an effective therapeutic for Dry Age-related Macular Degeneration (Dry AMD).

The presentation, at the 2nd Annual Dry AMD Therapeutic Development conference, will showcase how the use of a specific nuclear hormone receptor called RORA presents a unique opportunity to treat people with Dry AMD. Dry AMD accounts for 85 to 90 percent of all cases of age-related macular degeneration, which is estimated to be about 196 million people globally. RORA plays a central role in many physiological activities, including lipid metabolism, oxidative stress, regulation of Th17 cells (which are involved in many immune-mediated diseases), the reduction of inflammation, and obesity. In his presentation, “OCU410: A Novel Modifier Gene Therapy Product using a Multi-Factor Approach for Dry AMD,” Dr. Upadhyay will show evidence highlighting how influencing the RORA receptor can attack several underlying factors of this serious blindness disease.

Dr. Upadhyay will be speaking on October 20, 2021, at 3:15pm Eastern Time. The 2nd Annual Dry AMD Therapeutic Development conference requires registration for attendance.

OCU410 is the second drug candidate from Ocugen’s Modifier Gene Therapy Platform, which is expected to enter clinical trials in 2022. Ocugen recently announced a collaboration with CanSinoBIO for the chemistry, manufacturing, and controls (“CMC”) development and manufacture of clinical supplies of OCU410 to advance the program. Modifier Gene Therapy is different from traditional gene augmentation. Rather than replacing a defective gene, a modifier gene, such as the nuclear hormone receptor, RORA, regulates cellular and genetic activities, much like how a conductor directs an orchestra. More about this technology can be found in the pipeline section of Ocugen.com.

About Dry AMD
Dry AMD is the most prevalent, chronic form of age-related macular degeneration, accounting for about 90 percent of all cases. Dry AMD is a progressive disease, taking several years to go through three stages: early (no symptoms), intermediate (mild blurriness in central vision or difficulty seeing in low light) and late (distorted vision, a blurry area near the center of one’s vision). According to the National Eye Institute, there are no treatments available for late dry AMD.

About Ocugen
Ocugen, Inc. is a biopharmaceutical company focused on discovering, developing, and commercializing gene therapies to cure blindness diseases and developing a vaccine to save lives from COVID-19. Our breakthrough modifier gene therapy platform has the potential to treat multiple retinal diseases with one drug — “one to many,” and our novel biologic product candidate aims to offer better therapy to patients with underserved diseases such as wet age-related macular degeneration, diabetic macular edema, and diabetic retinopathy. We are co-developing Bharat Biotech’s COVAXIN™ vaccine candidate for COVID-19 in the U.S. and Canadian markets. For more information, please visit www.ocugen.com. 

Cautionary Note on Forward-Looking Statements
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. Such forward-looking statements within this press release include, without limitation, qualitative assessments of available data, potential benefits of our product candidates, if approved, expectations for clinical trials, and anticipated timing of clinical trial readouts and regulatory submissions, including with respect to our OCU410 product candidate. We may, in some cases, use terms such as “predicts,” “believes,” “potential,” “proposed,” “continue,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from our current expectations, such as the uncertainties inherent in research and development, including our ability to meet anticipated clinical endpoints, commencement and/or completion dates for clinical trials or regulatory submission dates, including the risk that such dates are not met due to impacts from the ongoing COVID-19 pandemic, and risks associated with preliminary and interim data, including the possibility of unfavorable new clinical trial data or unfavorable results from further analyses of existing clinical trial data, as well as market and other conditions. These and other risks and uncertainties are more fully described in our periodic filings with the Securities and Exchange Commission (the “SEC”), including the risk factors described in the section entitled “Risk Factors” in the quarterly and annual reports that we file with the SEC. Any forward-looking statements that we make in this press release speak only as of the date of this press release. Except as required by law, we assume no obligation to update forward-looking statements contained in this press release whether as a result of new information, future events or otherwise, after the date of this press release.

Ocugen Contact: 
Ken Inchausti
Head, Investor Relations & Communications
IR@Ocugen.com

Seanergy Maritime Announces Acquisition of its 17th Capesize Vessel with Prompt Delivery and Completion of Previously-Announced Vessel Sale

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Seanergy Maritime Announces Acquisition of its 17th Capesize Vessel with Prompt Delivery and Completion of Previously-Announced Vessel Sale

 

Seanergy Maritime Announces Acquisition of its 17th Capesize Vessel with Prompt Delivery and Completion of Previously-Announced Vessel Sale

October 19, 2021 – Glyfada, Greece – Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP) announced today that it has entered into a definitive agreement with an unaffiliated third party to purchase a Capesize vessel (the “Vessel”). In addition, the Company has recently completed the sale and delivery of its oldest Capesize vessel, the M/V Leadership, 2001-built, to its new owners.

The Vessel was built in 2010 at a reputable shipyard in Japan, has a cargo-carrying capacity of approximately 181,500 deadweight tons (“dwt”) and will be renamed M/V Dukeship. The M/V Dukeship is expected to be delivered within November 2021, subject to the satisfaction of certain customary closing conditions. Following her delivery, Seanergy’s fleet will increase to 17 Capesize vessels with an aggregate cargo capacity exceeding 3 million dwt.

The Vessel is fitted with a ballast water treatment system, while the special survey was recently completed by the current owner and, therefore, the Company does not anticipate incurring any significant off-hire or capital expenditures for this Vessel for the next two years.

The purchase price of $34.3 million is expected to be funded with cash on hand.

Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:

“I am very pleased to announce our 7th Japanese capesize acquisition within 2021. Our total investment since the beginning of our fleet expansion program in 2020 has reached $205 million.

The addition of the M/V Dukeship will further enhance our operating leverage as a leading pure-play Capesize company and, given the Vessel’s prompt delivery in a strong Capesize market, the acquisition is expected to be immediately accretive for our shareholders.

The spot Capesize market currently exceeds $60,000 per day, rendering the latest addition a high revenue-generating investment, while the forward curve indicates that the positive market trend will be sustained for the next years.”

Company fleet upon Vessel’s delivery:

Vessel Name Vessel Class Capacity (DWT) Year Built Yard Employment
Patriotship Capesize 181,709 2010 Imabari T/C – fixed rate
Worldship Capesize 181,415 2012 Koyo – Imabari T/C – fixed rate
Hellasship Capesize 181,325 2012 Imabari T/C Index Linked
Fellowship Capesize 179,701 2010 Daewoo T/C Index Linked
Championship Capesize 179,238 2011 Sungdong SB T/C Index Linked
Partnership Capesize 179,213 2012 Hyundai T/C Index Linked
Knightship Capesize 178,978 2010 Hyundai T/C Index Linked
Lordship Capesize 178,838 2010 Hyundai T/C Index Linked
Goodship Capesize 177,536 2005 Mitsui Voyage/Spot
Friendship Capesize 176,952 2009 Namura T/C Index Linked
Tradership Capesize 176,925 2006 Namura T/C Index Linked
Flagship Capesize 176,387 2013 Mitsui T/C Index Linked
Gloriuship Capesize 171,314 2004 Hyundai T/C Index Linked
Geniuship Capesize 170,057 2010 Sungdong SB T/C Index Linked
Premiership Capesize 170,024 2010 Sungdong SB T/C Index Linked
Squireship Capesize 170,018 2010 Sungdong SB T/C Index Linked
Dukeship* Capesize 181,453 2010 Japanese yard N/A
Total / Average age   3,011,083 11.5    
           

* delivery expected by mid-November 2021

About Seanergy Maritime Holdings Corp.

Seanergy Maritime Holdings Corp. is the only pure-play Capesize ship-owner publicly listed in the US. Seanergy provides marine dry bulk transportation services through a modern fleet of Capesize vessels. Upon delivery of the M/V Dukeship, the Company’s operating fleet will consist of 17 Capesize vessels with an average age of 11.5 years and aggregate cargo carrying capacity of approximately 3,011,083 dwt.

The Company is incorporated in the Marshall Islands and has executive offices in Glyfada, Greece. The Company’s common shares trade on the Nasdaq Capital Market under the symbol “SHIP”, its Class A warrants under “SHIPW” and its Class B warrants under “SHIPZ”.

Please visit our company website at: www.seanergymaritime.com.

Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events. Words such as “may”, “should”, “expects”, “intends”, “plans”, “believes”, “anticipates”, “hopes”, “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the Company’s operating or financial results; the Company’s liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations outside the United States; risks associated with the length and severity of the ongoing novel coronavirus (COVID-19) outbreak, including its effects on demand for dry bulk products and the transportation thereof; and other factors listed from time to time in the Company’s filings with the SEC, including its most recent annual report on Form 20-F. The Company’s filings can be obtained free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

For further information please contact:

Seanergy Investor Relations
Tel: +30 213 0181 522
E-mail: ir@seanergy.gr

Capital Link, Inc.
Daniela Guerrero
230 Park Avenue Suite 1536
New York, NY 10169
Tel: (212) 661-7566
E-mail: seanergy@capitallink.com

1-800-FLOWERS.COM, Inc. to Release Results for its Fiscal 2022 First Quarter on Thursday, October 28, 2021

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1-800-FLOWERS.COM, Inc. to Release Results for its Fiscal 2022 First Quarter on Thursday, October 28, 2021

 

JERICHO, N.Y.–(BUSINESS WIRE)– 1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS),a leading provider of gifts designed to help customers express, connect and celebrate, today announced that the Company will release financial results for its fiscal 2022 first quarter (ended 9/26/21) on Thursday, October 28, 2021. The press release will be issued prior to market opening and will be followed by a conference call with members of senior management at 8:00 a.m. (ET).

The conference call will be available via live webcast from the Investor Relations section of the Company’s website at 1800flowersinc.com. A recording of the call will be posted on the website within two hours of the call’s completion. A telephonic replay of the call can be accessed beginning at 2:00 p.m. (ET) on October 28 through November 4, 2021, at: (US) 1-877-344-7529; (
Canada) 855-669-9658; (International) 1-412-317-0088; enter conference ID #:10161105. If you have any questions regarding the above information, please call Patty Altadonna at (516) 237-6113 or the Investor Relations office at (516) 237-6131.

Special Note Regarding Forward-Looking Statements:
Some of the statements contained in the Company’s scheduled Thursday, October 28, 2021, press release and conference call regarding its fiscal 2022 first quarter (ended 9/26/21) results, other than statements of historical fact, may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. For a more detailed description of these and other risk factors, please refer to the Company’s SEC filings including its Annual Reports and Forms 10K and 10Q available at the Investor Relations section of the Company’s website at 1800flowersinc.com. The Company expressly disclaims any intent or obligation to update any of the forward-looking statements made in the scheduled conference call and any recordings thereof, or in any of its SEC filings, except as may be otherwise stated by the Company.

About 1-800-FLOWERS.COM, Inc.

1-800-FLOWERS.COM, Inc. is a leading provider of gifts designed to help customers express, connect and celebrate. The Company’s e-commerce business platform features an all-star family of brands, including: 1-800-Flowers.com®, 1-800-Baskets.com®, Cheryl’s Cookies®, Harry & David®, PersonalizationMall.com®, Shari’s Berries®, FruitBouquets.com®, Moose Munch®, The Popcorn Factory®, Wolferman’s Bakery®, Stock Yards® and Simply Chocolate®. Through the Celebrations Passport® loyalty program, which provides members with free standard shipping and no service charge across our portfolio of brands, 1-800-FLOWERS.COM, Inc. strives to deepen relationships with customers. The Company also operates BloomNet®, an international floral and gift industry service provider offering a broad-range of products and services designed to help members grow their businesses profitably; Napco?, a resource for floral gifts and seasonal décor; and DesignPac Gifts, LLC, a manufacturer of gift baskets and towers. 1-800-FLOWERS.COM, Inc. was recognized among the top 5 on the National Retail Federation’s 2021 Hot 25 Retailers list, which ranks the nation’s fastest-growing retail companies. Shares in 1-800-FLOWERS.COM, Inc. are traded on the NASDAQ Global Select Market, ticker symbol: FLWS. For more information, visit 1800flowersinc.com or follow @1800FLOWERSInc on Twitter.

FLWS-COMP
FLWS-FN

Investor:

Joseph D. Pititto

(516) 237-6131

E-mail: invest@1800flowers.com

Media:

Kathleen Waugh

(516) 237-6028

kwaugh@1800flowers.com

Source: 1-800-FLOWERS.COM, Inc.

Michael Burry Adjusts Tesla Position

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Michael Burry’s Earlier Bet Against Tesla Has Been Closed Out

 

A large group of investors closely follow the transactions of Michael Burry’s Scion Asset Management, LLC. There are even several YouTube channels dedicated to trying to decipher what he may be doing. These videos amass hundreds of thousands of views within a few days when released. When his company’s SEC form 13(f) is made public, the Edgar database is used by copycat investors to see what he held at the last quarter-end, even though that may have been a month and a half earlier.

There are other times that people don’t have to guess what he’s thinking; he broadcasts what he’s up to — Twitter, email interviews, Bloomberg
messaging, these are his preferred methods. The “Big
Short” investor is not a fan of public appearances.

Back in May Scion’s quarterly filing was released and poured over by copycat
investors, curiosity seekers, and reporters. Among other noteworthy positions was an 800,000 put on Tesla ($TSLA) worth $534 million at the time. By the end of the second quarter, that position would have gained in value and been worth more than 1 million. A put option is a contract that provides the holder the right to sell shares at a certain price (strike price) in the future. If the stock falls below the strike price before expiration, the put becomes more valuable. While the contracts are often used by trading desks and others to hedge positions, in the Scion’s case, it was clearly a bet the price of Tesla was too high.

 

 

In the past, Burry has called Tesla’s valuation of more than $800 billion “ridiculous” and has tweeted to CEO Elon Musk suggesting he should raise more capital and sell stock to take advantage of such high prices.

Burry, who also maintains a license as a medical doctor, emailed CNBC last week and said he is no longer “short” Tesla. Shares of Tesla are up 23.6% year-to-date and are approaching the high they reached earlier in the year. The stock did experience around a 45% decline from its record high as many tech stocks experienced weakness mid-year. There is no telling from the available information when he traded out of his put options and whether or not it was a profitable trade.

Take-Away

Dr. Michael Burry has a large following. While he is not one to go on TV and discuss his positions and views as other asset managers do, his followers are often treated to a Twitter
rant or insight from a brief message he will send to a news outlet.

When a famous investor speaks about their views, there can be self-fulfilling price action that is not always long-lived. It’s not clear what the purpose of Burry’s most recent “heads-up” related to not speculating against Tesla is. But in the past five days, the stock has increased 6.4% while the overall market (S&P500) is only up 1.5%.

 

Paul Hoffman

Managing Editor, Channelchek

Suggested Reading:



Deflation, Not Inflation is Risk Says Cathie Wood

Why Michael Burry Has Better Opportunity Than Cathie Wood

 

 

Sources:

https://sec.report/Document/0001567619-21-010281/primary_doc.html

https://markets.businessinsider.com/news/stocks/big-short-investor-michael-burry-no-longer-short-tesla-tsla-2021-10

https://www.youtube.com/watch?v=W9KTUDXzx5E

 

Stay up to date. Follow us:

 

Comtech Telecommunications Corp. Announces New Cybersecurity Solution

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Comtech Telecommunications Corp. Announces New Cybersecurity Solution

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Oct. 18, 2021– 
October 18, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its first quarter of fiscal year 2022, it launched a new cybersecurity brand, CyberStronger™.

CyberStronger provides cybersecurity solutions and services tailored to threat monitoring and assessment, training, and workforce development. Offerings include cyber threat detection and management, off-the-shelf and custom training, hands-on skills labs, and competency-based assessments mapped to cybersecurity job roles. The CyberStronger solutions will also include the CYBRScore® set of products that provide hands-on assessments and training to upskill and reskill cybersecurity workforces. These solutions were created by a team of former national intelligence community members who have the practical cybersecurity experience and abilities required to meet the demanding needs of Comtech’s customer base which includes large universities, government entities, and enterprise-level corporations. Additional information about CyberStronger is available at www.cyberstronger.com and about CYBRScore at cybrscore.io.

“We are proud to offer CyberStronger as a 
Comtech solution to customers worldwide,” said  Fred Kornberg, Chairman of the Board and Chief Executive Officer of 
Comtech Telecommunications Corp. “The need for cybersecurity is ever-growing and we stand ready to meet the demands of organizations globally to protect themselves from the dangers of cybercrime.”

CYBRScore is a premium, performance-based cyber skills training and assessment provider that quantifies a user’s ability to defend a network. CYBRScore has over 400 hands-on labs available for practitioners to develop and enhance their skills in an independent fashion. Labs are available in a hosted on-demand environment so students can learn by doing wherever they are, whether in a classroom, workplace or at home.

The Trusted Location group of 
Comtech Telecommunications Corp. is a leading provider of precise device location, mapping and messaging solutions for public safety, mobile network operators, and enterprise solutions. Sold around the world to mobile network operators, government agencies, and Fortune 100 enterprises, our platforms locate, map, track and message. For more information about our location and cyber products, visit www.comtechlocation.com.

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Comtech Investor Relations:
631-962-7005
investors@comtech.com

 

Source: 
Comtech Telecommunications Corp.

Release – Comtech Telecommunications Corp. Announces New Cybersecurity Solution

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Comtech Telecommunications Corp. Announces New Cybersecurity Solution

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Oct. 18, 2021– 
October 18, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its first quarter of fiscal year 2022, it launched a new cybersecurity brand, CyberStronger™.

CyberStronger provides cybersecurity solutions and services tailored to threat monitoring and assessment, training, and workforce development. Offerings include cyber threat detection and management, off-the-shelf and custom training, hands-on skills labs, and competency-based assessments mapped to cybersecurity job roles. The CyberStronger solutions will also include the CYBRScore® set of products that provide hands-on assessments and training to upskill and reskill cybersecurity workforces. These solutions were created by a team of former national intelligence community members who have the practical cybersecurity experience and abilities required to meet the demanding needs of Comtech’s customer base which includes large universities, government entities, and enterprise-level corporations. Additional information about CyberStronger is available at www.cyberstronger.com and about CYBRScore at cybrscore.io.

“We are proud to offer CyberStronger as a 
Comtech solution to customers worldwide,” said  Fred Kornberg, Chairman of the Board and Chief Executive Officer of 
Comtech Telecommunications Corp. “The need for cybersecurity is ever-growing and we stand ready to meet the demands of organizations globally to protect themselves from the dangers of cybercrime.”

CYBRScore is a premium, performance-based cyber skills training and assessment provider that quantifies a user’s ability to defend a network. CYBRScore has over 400 hands-on labs available for practitioners to develop and enhance their skills in an independent fashion. Labs are available in a hosted on-demand environment so students can learn by doing wherever they are, whether in a classroom, workplace or at home.

The Trusted Location group of 
Comtech Telecommunications Corp. is a leading provider of precise device location, mapping and messaging solutions for public safety, mobile network operators, and enterprise solutions. Sold around the world to mobile network operators, government agencies, and Fortune 100 enterprises, our platforms locate, map, track and message. For more information about our location and cyber products, visit www.comtechlocation.com.

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Comtech Investor Relations:
631-962-7005
investors@comtech.com

 

Source: 
Comtech Telecommunications Corp.