Month: December 2021

Choosing Patient Treatment Using Machine Learning Models

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Machine-Learning System Flags Remedies that Might Do More Harm than Good

 

Adam Zewe | MIT News
Office

Sepsis claims the lives of nearly 270,000 people in the U.S. each year. The unpredictable medical condition can progress rapidly, leading to a swift drop in blood pressure, tissue damage, multiple organ failure, and death.

Prompt interventions by medical professionals save lives, but some sepsis treatments can also contribute to a patient’s deterioration, so choosing the optimal therapy can be a difficult task. For instance, in the early hours of severe sepsis, administering too much fluid intravenously can increase a patient’s risk of death.

To help clinicians avoid remedies that may potentially contribute to a patient’s death, researchers at MIT and elsewhere have developed a machine-learning model that could be used to identify treatments that pose a higher risk than other options. Their model can also warn doctors when a septic patient is approaching a medical dead end — the point when the patient will most likely die no matter what treatment is used — so that they can intervene before it is too late.

When applied to a dataset of sepsis patients in a hospital intensive care unit, the researchers’ model indicated that about 12 percent of treatments given to patients who died were detrimental. The study also reveals that about 3 percent of patients who did not survive entered a medical dead end up to 48 hours before they died.

“We see that our model is almost eight hours ahead of a doctor’s recognition of a patient’s deterioration. This is powerful because in these really sensitive situations, every minute counts, and being aware of how the patient is evolving, and the risk of administering certain treatment at any given time, is really important,” says Taylor Killian, a graduate student in the Healthy ML group of the Computer Science and Artificial Intelligence Laboratory (CSAIL).

Joining Killian on the paper are his advisor, Assistant Professor Marzyeh Ghassemi, head of the Healthy ML group and senior author; lead author Mehdi Fatemi, a senior researcher at Microsoft Research; and Jayakumar Subramanian, a senior research scientist at Adobe India. The research is being presented at this week’s Conference on Neural Information Processing Systems. 

 

A Dearth of Data

This research project was spurred by a 2019 paper Fatemi wrote that explored the use of reinforcement learning in situations where it is too dangerous to explore arbitrary actions, which makes it difficult to generate enough data to effectively train algorithms. These situations, where more data cannot be proactively collected, are known as “offline” settings.

In reinforcement learning, the algorithm is trained through trial and error and learns to take actions that maximize its accumulation of reward. But in a health care setting, it is nearly impossible to generate enough data for these models to learn the optimal treatment, since it isn’t ethical to experiment with possible treatment strategies.

So, the researchers flipped reinforcement learning on its head. They used the limited data from a hospital ICU to train a reinforcement learning model to identify treatments to avoid, with the goal of keeping a patient from entering a medical dead end.

Learning what to avoid is a more statistically efficient approach that requires fewer data, Killian explains.

“When we think of dead ends in driving a car, we might think that is the end of the road, but you could probably classify every foot along that road toward the dead end as a dead end. As soon as you turn away from another route, you are in a dead end. So, that is the way we define a medical dead end: Once you’ve gone on a path where whatever decision you make, the patient will progress toward death,” Killian says.

“One core idea here is to decrease the probability of selecting each treatment in proportion to its chance of forcing the patient to enter a medical dead-end — a property that is called treatment security. This is a hard problem to solve as the data do not directly give us such an insight. Our theoretical results allowed us to recast this core idea as a reinforcement learning problem,” Fatemi says.

 

 

To develop their approach, called Dead-end Discovery (DeD), they created two copies of a neural network. The first neural network focuses only on negative outcomes — when a patient died — and the second network only focuses on positive outcomes — when a patient survived. Using two neural networks separately enabled the researchers to detect a risky treatment in one and then confirm it using the other.

They fed each neural network patient health statistics and a proposed treatment. The networks output an estimated value of that treatment and also evaluate the probability the patient will enter a medical dead end. The researchers compared those estimates to set thresholds to see if the situation raises any flags.

A yellow flag means that a patient is entering an area of concern while a red flag identifies a situation where it is very likely the patient will not recover.

 

Treatment Matters

The researchers tested their model using a dataset of patients presumed to be septic from the Beth Israel Deaconess Medical Center intensive care unit. This dataset contains about 19,300 admissions with observations drawn from a 72-hour period centered around when the patients first manifest symptoms of sepsis. Their results confirmed that some patients in the dataset encountered medical dead ends.

The researchers also found that 20 to 40 percent of patients who did not survive raised at least one yellow flag prior to their death, and many raised that flag at least 48 hours before they died. The results also showed that, when comparing the trends of patients who survived versus patients who died, once a patient raises their first flag, there is a very sharp deviation in the value of administered treatments. The window of time around the first flag is a critical point when making treatment decisions.

“This helped us confirm that treatment matters and the treatment deviates in terms of how patients survive and how patients do not. We found that upward of 11 percent of suboptimal treatments could have potentially been avoided because there were better alternatives available to doctors at those times. This is a pretty substantial number, when you consider the worldwide volume of patients who have been septic in the hospital at any given time,” Killian says.

Ghassemi is also quick to point out that the model is intended to assist doctors, not replace them.

“Human clinicians are who we want making decisions about care, and advice about what treatment to avoid isn’t going to change that,” she says. “We can recognize risks and add relevant guardrails based on the outcomes of 19,000 patient treatments — that’s equivalent to a single caregiver seeing more than 50 septic patient outcomes every day for an entire year.”

Moving forward, the researchers also want to estimate causal relationships between treatment decisions and the evolution of patient health. They plan to continue enhancing the model so it can create uncertainty estimates around treatment values that would help doctors make more informed decisions. Another way to provide further validation of the model would be to apply it to data from other hospitals, which they hope to do in the future.

 

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Bunker Hill Announces $50 Million Project Finance Package, Mine Purchase, And US EPA Settlement Agreement Amendment

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Bunker Hill Announces $50 Million Project Finance Package, Mine Purchase, And US EPA Settlement Agreement Amendment

Research, News, and Market Data on Bunker Hill Mining

 

Bunker Hill to Host Live Interactive 6ix Summit on Wednesday, December 22 @ 11:00am ET / 8:00am PT

HIGHLIGHTS

  • $50 million term sheet executed with Sprott Private Resource Streaming and Royalty Corp (“SRSR”) outlining a proposed financing package to fund mine restart in stages:
    • $8 million Royalty Convertible Debenture: 9.0% debt convertible to 1.85% life of mine royalty to fund mine purchase, initial EPA payment and on-going engineering. Closing expected in January 2022
    • $5 million Convertible Debenture: 7.5% interest, repaid or convertible at CAD 0.30 per share, to fund further engineering to PFS level by beginning of Q2 2022. Closing expected in January 2022
    • Stream: up to $37 million for up to 10% of all metals produced until certain quantities delivered; up to 2% thereafter, to fund majority of restart capital from Q2 2022. Closing expected by early Q2 2022
  • The Company retains option to re-purchase 50% of Stream at 1.40x multiple of stream funding until 2025
  • Mine purchase: agreement executed for $5.4 million all-cash purchase from Placer Mining
  • EPA Settlement Agreement amendment: agreement executed with US EPA and IDEQ for deferral of $17 million of existing $19 million liability to be paid from free cash flow during 2024-2029

NEXT STEPS

  • Construction decision expected post detailed engineering and mine plan optimization by early Q2 2022
  • Prefeasibility Study concurrent with construction decision, incorporating the 59% increase in M&I resources
  • Further non-dilutive financing options being explored to minimize any equity financing requirement in 2022
  • TSX-V Listing Committee discussions ongoing; material balance sheet improvement supports application
  • Chairman Richard Williams interviewed live by Kai Hoffmann today at 5:30pm ET / 2:30pm PT on SF Live. Live broadcast and replay available at YouTube.com/soarfinancial or twitter.com/soarfinancial
  • Chairman Richard Williams, CEO Sam Ash and CFO David Wiens to host live interactive 6ix virtual investor event on Wednesday, December 22 at 11:00am ET / 8:00am PT. Investors are invited to register at: [ LINK ]

TORONTO, Dec. 20, 2021 (GLOBE NEWSWIRE) — Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR; OTCQB: BHLL) is pleased to announce the achievement of its key short-term objectives, including the execution of a non-binding term sheet outlining a $50 million non-dilutive project finance package, the purchase of the Bunker Hill Mine, and the execution of a settlement agreement amendment with the US Environmental Protection Agency (“US EPA” or “EPA”). All figures in this news release are in US dollars unless otherwise stated.

Sam Ash, CEO, stated “We are exceedingly pleased to announce the accomplishment of our key objectives, most notably a proposed $50 million project finance package that we expect to provide the majority of our funding requirements in a non-dilutive manner. Together with the purchase of the mine and an amended settlement agreement with the EPA, a rapid restart of the prolific Bunker Hill Mine is now clearly within sight. This will provide enormous social and economic benefits to northern Idaho, significant returns for our shareholders, and allow us to honor our commitments to the EPA. We look forward to next steps, including advancement to a formal construction decision and the review of our revised TSX-V Exchange listing application”.

$50 MILLION PROJECT FINANCE PACKAGE

The Company has executed a non-binding term sheet with SRSR outlining a $50 million project finance package that the Company expects to fulfill the majority of its funding requirements to restart the mine and reach commercial production in mid-2023. The package consists of an $8 million Royalty Convertible Debenture, a $5 million Convertible Debenture, and a multi-metals Stream of up to $37 million.

Subject to settlement of definitive documentation with SRSR, the Company expects that $8 million will be advanced under the Royalty Convertible Debenture in January 2022. These proceeds will fund the purchase of the Bunker Hill Mine and near-term working capital requirements, including a $2 million payment to the EPA in January 2022 (see “EPA Settlement Agreement Amendment” section below). The Royalty Convertible Debenture will initially bear interest at an annual rate of 9.0%, payable in cash or shares at the Company’s option, until such time that SRSR elects to convert it into a Royalty, with such conversion option expiring at the earlier of advancement of the Stream or 18 months. In the event of conversion, the Royalty Convertible Debenture will cease to exist and the Company will grant a Royalty for 1.85% of life-of-mine gross revenue from mining claims considered to be historically worked, contiguous to current accessible underground development, and covered by the Company’s 2021 ground geophysical survey. A 1.35% rate will apply to claims outside of these areas. The Royalty Convertible Debenture will initially be secured by a share pledge of the Company’s operating subsidiary, until such time that a full security package is put in place. In the event of non-conversion, the principal of the Royalty Convertible Debenture will be repayable in cash.

Subject to settlement of definitive documentation with SRSR, the Company expects that an aggregate amount of $5 million will be advanced under the Convertible Debenture, also in January 2022. These proceeds will fund capital expenditures and working capital requirements in Q1 2022. The Convertible Debenture will bear interest at an annual rate of 7.5%, payable in cash or shares at the Company’s option, and a maturity of 18 months from the closing of the Royalty Convertible Debenture. Until the closing of the Stream, the Convertible Debenture is convertible into shares of the Company at a share price of CAD 0.30 per share. Alternatively, SRSR may elect to retire the Convertible Debenture with the cash proceeds of the Stream. The Company may elect to re-pay the Convertible Debenture early; if SRSR elects not to exercise its conversion option at such time, a minimum of 12 months of interest would apply.

SRSR has concluded its initial due diligence process, including a site visit to the Bunker Hill Mine and a detailed project review by third party engineering and geological consultants, and has obtained Investment Committee approval to fund the $8 million Royalty Convertible Debenture and $5 million Convertible Debenture.

Subject to SRSR internal approvals, further technical and other diligence (including confirmation of full project funding by an independent engineer appointed by SRSR), and satisfactory definitive documentation, the Company expects to close the Stream concurrent with a formal construction decision being made by early Q2 2022. A minimum of $27 million and a maximum of $37 million (the “Stream Amount”) will be made available under the Stream, at the Company’s option, once the conditions for availability of the Stream have been satisfied. Assuming the maximum funding of $37 million is drawn, the Stream would apply to 10% of payable metals sold until a minimum quantity of metal is delivered consisting of, individually, 55 million pounds of zinc, 35 million pounds of lead, and 1 million ounces of silver. Thereafter, the Stream would apply to 2% of payable metals sold. If the Company elects to draw less than $37 million under the Stream, the percentage and quantities of payable metals streamed will adjust pro-rata. The delivery price of streamed metals will be 20% of the applicable spot price.

The Company may buy back 50% of the Stream Amount at a 1.40x multiple of the Stream Amount between the second and third anniversary of the date of funding, and at a 1.65x multiple of the Stream Amount between the third and fourth anniversary of the date of funding. The Company will be permitted to incur additional indebtedness of $15 million and a cost over-run facility of $13 million from other financing counterparties.

Closing of the Royalty Convertible Debenture, Convertible Debenture, and Stream are conditional on the conclusion of a number of matters, including finalization of definitive documentation, regulatory and stock exchange approvals, and closing of the purchase of the Bunker Hill Mine.

PURCHASE OF THE BUNKER HILL MINE

With the execution of the EPA settlement agreement amendment and the expected receipt of $8 million proceeds from the Royalty Convertible Debenture, the Company has exercised its option to purchase the Bunker Hill Mine from Placer Mining Corp. and a definitive agreement has been signed by both parties. The terms of the purchase were modified to $5.4 million in cash, from $3.4 million of cash and $2.0 million of common shares in the Company.

Purchase of the mine consists of over 400 patented mining claims and 5,800 acres of private land, an ideal scenario with respect to permitting considerations. The extensive in-place infrastructure and significant mineral potential included in the acquisition positions Bunker Hill for a rapid restart, and a return to free cash flow generation with exceptional growth potential in can be considered the pre-eminent silver mining district in the world.

Closing of the transaction is expected in January 2022, concurrent with funding of the Royalty Convertible Debenture, approval of the transaction by Placer Mining Corp. shareholders, and satisfaction of other closing conditions.

EPA SETTLEMENT AGREEMENT AMENDMENT

The amended Settlement Agreement (the “Amendment”) between the Company, Idaho Department of Environmental Quality, US Department of Justice and US EPA modifies the payment schedule and payment terms for recovery of historical environmental response costs at Bunker Hill Mine by US EPA. A total of $19 million remains to be paid by the Company. The new payment schedule includes a $2 million payment to US EPA within 30 days of execution of this amendment. The remaining $17 million will be paid on the following dates:

Date Amount
November 1, 2024 $3,000,000
November 1, 2025 $3,000,000
November 1, 2026 $3,000,000
November 1, 2027 $3,000,000
November 1, 2028 $3,000,000
November 1, 2029 $2,000,000 plus accrued interest

The resumption of payments in 2024 were agreed in order to allow the Company to generate enough revenue from mining activities at the Bunker Hill Mine to address remaining payment obligations from free cash flow.

The Amendment includes an additional payment for outstanding water treatment costs that have been incurred over the period from 2018 through 2020. This $2.9 million payment will be made within 90 days of the execution of the Amendment. With the execution of the Amendment, the Company is now fully compliant with the terms of the Settlement Agreement.

In addition to the changes in payment terms and schedule, the Company has committed to securing Financial Assurance in the form of performance bonds or letters of credit deemed acceptable to the EPA. The Financial Assurance will total $17 million, corresponding to the Company’s obligations to be paid in the 2024-2029 period as outlined above, that can be drawn on by US EPA in the event of non-performance by the Company. The amount of the bonds will decrease over time as individual payments are made. If the Company does not post the Financial Assurance within 90 days of execution of the Amendment, it must issue an irrevocable letter of credit for $9 million. US EPA may draw on this letter of credit after an additional 90 days if the Company is unable to either put the Financial Assurance in place or make payment for the full $17 million of remaining historical cost recovery sums. In the event neither occurs, the terms of the initial Settlement Agreement will be reinstated.

The Company has concluded the negotiation of commercial terms with two counterparties for the full $17 million Financial Assurance, with finalization contingent on full project funding being in place, including the Stream.

The Settlement Agreement was reached in 2018 in order for the US EPA to gain confidence that it will be repaid for historical environmental response costs it incurred for Bunker Hill Mine. The costs up to that point had been unpaid by the owner of the mine since 1994. The Company agreed to become a Responsible Party for these liabilities in exchange for the US EPA and US Department of Justice eliminating all other potential historical environmental liabilities related to the mine, specifically all CERCLA- or Superfund-related liabilities. The inability of the Company to meet payment obligations, however, meant that until the signing of the Amendment, it was in arrears for $11 million in cost recovery payments and over $2.9 million in unpaid water treatment costs. As of today, the Company is now fully compliant with the terms of the Settlement Agreement with US EPA.

NEXT STEPS

With the approval by SRSR’s Investment Committee of the $8 million Royalty Convertible Debenture and $5 million Convertible Debenture (subject to finalization of definitive documentation and other conditions precedent), and the execution of the mine purchase option and Settlement Agreement amendment, the Company is focused on accelerating the sustainable restart of the mine to commercial production in mid-2023. This includes progressing detailed engineering and mine planning to PFS level, purchasing a process plant, confirming and securing remaining capital requirements (including funding of the Stream), and upgrading the Company’s listing to the TSX Venture Exchange.

Detailed engineering for full project restart is well underway with geotechnical, metallurgical optimization, plant design, electrical infrastructure, water treatment, and geotechnical paste studies progressing well. This technical work is expected to result in significant value creation and support a construction decision by early Q2 2022, concurrent with a Prefeasibility Study incorporating the recently announced 59% increase in Measured and Indicated.   Project completion and commercial production is anticipated to occur in the second half of 2023.

Together with its financial advisor, Cutfield Freeman & Co., the Company is evaluating alternatives to secure further non-dilutive funding of up to $15 million as a project finance facility and up to $13 million as a cost over-run facility, as permitted in the Company’s $50 million project financing package. This would minimize any equity financing requirements to fully fund the mine restart.

With the material balance sheet improvements effected by the transactions described in this news release, the Company has re-engaged with the TSX-V Listing Committee regarding its application for an upgrade of its listing from the CSE to the TSX Venture Exchange. This application is currently under review.

ABOUT BUNKER HILL MINING CORP.

Under new Idaho-based leadership the Bunker Hill Mining Corp, intends to sustainably restart and develop the Bunker Hill Mine as the first step in consolidating a portfolio of North American precious-metal assets with a focus on silver. Information about the Company is available on its website, www.bunkerhillmining.com, or within the SEDAR and EDGAR databases.

For additional information contact:

David Wiens, CFA

CFO & Corporate Secretary

+1 208 370 3665

ir@bunkerhillmining.com

CAUTIONARY STATEMENTS

Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, as well as within the meaning of the phrase ‘forward-looking information’ in the Canadian Securities Administrators’ National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s intentions regarding: its objectives, goals or future plans and statements; completing the acquisition of the Bunker Hill Mine; closing the financing package as described herein with SRSR; the financing package with SRSR being sufficient for the purposes described herein; the Company’s ability to secure additional financing, whether dilutive or non-dilutive; the Company’s ability to progress detailed engineering of the Bunker Hill Mine; the Company’s ability to purchasing a processing plant; the Company’s ability to restart production at the Bunker Hill Mine; the Company’s ability to generate free cash flow from the Bunker Hill Mine; the Company’s ability to complete payments to the U.S. EPA from free cash flow generated from the Bunker Hill Mine; and the listing of the Company’s shares on the TSX-V . Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: the ability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains; the TSX-V not approving the listing of the Company’s shares on the TSX-V; failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; the Company’s ability to restart and develop the Bunker Hill Mine and the risks of not basing a production decision on a feasibility study of mineral reserves demonstrating economic and technical viability, resulting in increased uncertainty due to multiple technical and economic risks of failure which are associated with this production decision including, among others, areas that are analyzed in more detail in a feasibility study, such as applying economic analysis to resources and reserves, more detailed metallurgy and a number of specialized studies in areas such as mining and recovery methods, market analysis, and environmental and community impacts and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit with no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved; failure to commence production would have a material adverse impact on the Company’s ability to generate revenue and cash flow to fund operations; failure to achieve the anticipated production costs would have a material adverse impact on the Company’s cash flow and future profitability; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; the inability of the Company to budget and manage its liquidity in light of the failure to obtain additional financing, including the ability of the Company to complete the payments to the Placer Mining Corporation and the U.S. EPA pursuant to the terms of the agreement to acquire the Bunker Hill Mine; inflation; changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; the cost, timing and ability to implement ESG initiatives which may not be technically successful or economically viable; and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Orion Group Holdings (ORN) – Marine Awards Boost Total 4Q2021 Awards

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Tuesday, December 21, 2021

Orion Group Holdings (ORN)
Marine Awards Boost Total 4Q2021 Awards

Orion Group Holdings, based in Houston, Texas, is a specialty construction company within the Marine and Industrial Construction sectors, with operations focused in the continental United States and Caribbean. Revenue is split roughly 50/50 between a Marine Construction segment that provides marine facility, pipeline and structural construction services and a Commercial Concrete segment that provides turnkey concrete services in the light commercial and structural construction markets.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Two Marine awards total ~$33 million. Last Thursday, design-bid-build work of $28.3 million was awarded by the Naval Facilities Engineering Command (NAVFAC) Southeast. The work involves repairing and updating Atlantic Undersea Test and Evaluation Center (AUTEC) Facility 1902 Pier at Andros Island, Bahamas. Work should begin in 2Q2022 and run into early 2024. A smaller award of $4.4 million involves rehabbing an existing barge dock for a private company. Work will be completed over the first three quarters of 2022.

    4Q2021 awards exceed $77 million.  To date, 4Q2021 award announcements include five Marine projects for $49 million and three Concrete projects for $28 million. Combined with the 3Q2021 backlog of $573 million and potential backlog of $676 million, the outlook appears favorable …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Edward G. Atsinger III Transitions to Executive Chairman of the Board of Salem Media Group; David Santrella to Chief Executive Officer and David Evans to Chief Operating Officer

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Edward G. Atsinger III Transitions to Executive Chairman of the Board of Salem Media Group; David Santrella to Chief Executive Officer and David Evans to Chief Operating Officer

 

 

IRVING, Texas–(BUSINESS WIRE)– Salem Media Group, Inc. (NASDAQ: SALM) announced today that Edward G. Atsinger III, Salem’s current Chief Executive Officer, will transition to the newly created role of Executive Chairman of the Board of Directors effective January 1, 2022. Additionally, its Board of Directors has appointed David Santrella to become Chief Executive Officer. Currently Mr. Santrella serves as the company’s President of Broadcast Media. In addition David Evans, Salem’s current President of Digital Media and Publishing, will be promoted to the position of Chief Operating Officer. Finally, Stuart W. Epperson, Salem’s current Chairman, will resign from Salem’s Board of Directors effective January 1, 2022, transitioning to the position of Chairman Emeritus, and Stuart W. Epperson, Jr. will join the Board of Directors, filling the vacancy created by Mr. Epperson Senior’s resignation. These changes reflect the Board’s ongoing succession planning and are designed to provide leadership continuity as the company continues to execute its strategic initiatives.

Since founding Salem in 1974, Mr. Atsinger, along with his brother-in-law Mr. Epperson, has grown the company from a single radio station into America’s leading multimedia company specializing in Christian and conservative content. He has been a driving force in Salem’s mission to serve the Company’s audiences nationwide with content that is unavailable through mainstream media channels. As Executive Chairman, Mr. Atsinger will be chairman of the Board, assuming leadership of the board of directors while providing oversight and guidance to both the CEO and COO. Mr. Atsinger will continue to be engaged full-time and focus more of his attention on macro strategy and planning, M&A, external relationships, government affairs and leadership development. This will allow the company to continue to benefit from Mr. Atsinger’s decades of experience and skills.

“I am pleased to serve as Executive Chairman and to oversee the succession to the next generation of leadership of our company. I am looking forward to working with the executive team to continue Salem’s vitally important mission of serving the media needs of the audiences interested in Christian content and public policy programming with a traditional conservative focus,” said Mr. Atsinger. “With Salem well-positioned for continued growth into the future, now is the right time to take the next step in implementing our long-term leadership transition. We have a tremendously talented, deep and dedicated leadership team at Salem. David Santrella and David Evans each have played a critical role in developing and executing the strategy in place today, and I am confident they have the vision, skills, experience and capabilities necessary to provide continued leadership of Salem well into the future.”

Mr. Atsinger concluded, “Most of all, I am blessed to lead our talented and dedicated team. I am extremely proud of Salem’s employees and personalities who create and distribute the content that allows us to serve our loyal and dedicated audience of listeners, readers, and now viewers. It is this talented team that has allowed Salem to become the business it is today. Building and expanding this platform over nearly 50 years has been and will continue to be the focus of my life’s work.”

Mr. Santrella said, “I am deeply honored to have been appointed as Salem’s next CEO. I look forward to working in close partnership with David Evans to take advantage of the tremendous opportunities that exist in today’s media landscape, to further the mission of our company and to grow our business. I am blessed that I will have Ed alongside me in my new role.”

Mr. Evans said, “I am looking forward to working together with Dave and the rest of our talented leadership team as we further combine traditional media and digital media in new transformative ways. We have a substantial and passionate audience that accesses our content and brands in many ways and we’re focused on ensuring they can enjoy it and engage with us across multiple platforms.”

Mr. Epperson, who has served as Salem’s Chairman of the Board of Directors since going public, said, “Our Board of Directors has engaged in thoughtful long-term succession planning, and today’s announcement demonstrates the strength of that process as well as the depth of talent at the executive management level to drive the company’s continued growth and success. I am confident that David Santrella and David Evans are perfectly qualified to continue working with Edward and the rest of the management team to build on our success and drive Salem into the next phase of its growth.”

ABOUT SALEM MEDIA GROUP:

Salem Media Group is America’s leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing. Each day Salem serves a loyal and dedicated audience of listeners and readers numbering in the millions nationally. With its unique programming focus, Salem provides compelling content, fresh commentary and relevant information from some of the most respected figures across the Christian and conservative media landscape. Learn more about Salem Media Group, Inc. at www.salemmedia.com, Facebook and Twitter.

Evan D. Masyr
Executive Vice President and Chief Financial Officer
(805) 384-4512
evan@salemmedia.com

Source: Salem Media Group, Inc.

Market Index Inclusion and Spikes in a Stock’s Demand

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	Image credit: Liza Summers (Pexels)

Why Investors and Stock Pickers Watch Russell Index Addition Dates

 

A sudden rise in a stock’s price is almost always demand-related. This could occur if the company beats earnings estimates, announces a breakthrough product, is being considered for acquisition from a larger company, or public policy shifts in their favor. Another reason could be inclusion in a major stock market index.

There are investors that look to determine which companies may be added to an index and which may be removed. Although being right doesn’t always mean huge gains for them, the rewards on average make this a legitimate approach for stock picking. One of the more common family of indexes that investors watch is the FTSE Russell indexes. The reason is these are more transparent than others. Russell actually puts out a calendar each year and shares its methodology for including new companies on its website.

The annual rejiggering of the Russell indexes, known as the Russell Reconstitution, is in late Spring and attracts a lot of attention.  Subscribers to Channelchek can expect to receive our notification and analysis on the small-cap Russell 2000 index reconstitution.

 

Abbreviated History of Impactful Companies Added to the Russell after their IPO

Russell updates its indexes quarterly to include new public companies to best represent the market.

 

In addition to the annual index reconstitution, FTSE Russell also has a quarterly calendar where they look at IPOs that occurred during the quarter and weigh the outcomes against their methodology for inclusion in the broad Russell 3000 index. Once in the 3000, companies may be further segmented into other indexes. These inclusions can alter the demand for the stock both immediately, as fund managers seek to mimic an index and buy the stock, and then over time, as index investor demand for the index funds ebb and flow.

 

 

As a testament to just how impactful these additions may be, a recent example involves a company called Society Pass, Inc. (SOPA). Society Pass went public via an IPO in November. On December 20th Russell added new IPOs in order to update the indexes to reflect current markets, and SOPA was added both to the Russell 3000 broad index and the Russell 2000. The average daily trading volume for SOPA leading up to the inclusion was 1.3M, on December 20th, 167.5M shares changed hands. The impact is indicated above in the month-to-date graph (% change). The stock opened at $4.44, traded as high as $13.48, and closed at $11.26. 

 

Opportunity in IPO Additions

Over the last ten years, there have been almost 1500 IPO additions to the Russell Indexes, and the Russell 2000 Small-Cap Index has had the majority of these additions.

 

 

After the Addition

Inclusion in a major index generally results in a higher “base price” for the stock. Further price changes are then more closely tied to fundamentals like company performance.   However, the stock will experience the added transactions that have very little to do with the company and are instead index expectation related. In addition, there should be higher trade volumes and possibly an even higher level of demand because of the company’s increased visibility.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading:



Peter Lynch Echoes Michael Burry’s Warning About Index Investments

The Russell Index Reconstitution, What to Know





Does the Russell Reconstitution Impact Small-Cap Performance During June?

Does Cathie Wood’s ESG Fund Have it Wrong?

 

Sources:

https://content.ftserussell.com/sites/default/files/final_ipo_additions_2021_4_qtr_r3000.pdf

https://www.sec.gov/fast-answers/answersindiceshtm.html

https://budgeting.thenest.com/mutual-funds-safe-against-bad-stock-crash-30572.html

https://content.ftserussell.com/sites/default/files/2021_09_russell_indexes_quarterly_ipo_update.pdf

 

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BioSig Technologies, Inc. Selects Access Strategy Partners to Accelerate Commercial Sales

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BioSig Technologies, Inc. Selects Access Strategy Partners to Accelerate Commercial Sales

News and Market Data on BioSig Technologies

 

Leading healthcare management firm to enhance the Company’s market access strategy as it expands the installation base of its signal processing technology for arrhythmia care

Westport, CT, Dec. 21, 2021 (GLOBE NEWSWIRE) — BioSig Technologies, Inc. (Nasdaq: BSGM) (“BioSig” or the “Company”), a medical technology company commercializing an innovative signal processing platform designed to improve signal fidelity and uncover the full range of ECG and intra-cardiac signals, today announced that it appointed Access Strategy Partners, Inc. to advise on the next phase of the commercial roll-out.

Led by medical device sales experts, Boston-based Access Strategy Partners brings to BioSig deep expertise in commercialization, contract management, execution, and value proposition optimization. The company’s Co-Founder and President, Jim Walker, is a healthcare executive with more than 30 years of experience in sales, marketing, sales operations, and national accounts management in some of the leading companies in the medical device sector, including Boston Scientific Corporation (BSC) and Johnson & Johnson. His experience spans domestic and international responsibilities, focusing on strategic market development and key customer management. During his 18-year career with Boston Scientific Corporation, Mr. Walker established the organization as a recognized leader with Group Purchasing Organizations. He created a world-class Corporate Sales organization that represented the full BSC portfolio to supply chain executives across every level of market aggregation, including group purchasing organizations (GPOs), national and regional integrated delivery networks (IDNs), and National and Regional Purchasing Alliances. Mr. Walker was the company’s lead strategic pricing advisor and gained the support of the executive management team to invest in and develop an enterprise-wide contract management system that provides global pricing intelligence and profitability analysis capabilities.

“ASPI was founded to provide strategic relationship management for emerging medical device companies,” said Jim Walker. “Our sales conversations are all about delivering excellent clinical and economic value. BioSig and its breakthrough PURE EP(TM) product bring meaningful benefits to physicians and patients that we are thrilled to introduce to healthcare providers.”

Under the terms of the new collaboration, Access Strategy Partners will advise BioSig on all aspects of commercial strategy, including economic value modeling, hospital administration engagement, and contracting.

“Jim and his highly accomplished team at Access Strategy Partners brings us proven success strategies in accelerating commercialization. Look closely at ASPI’s track record in helping emerging medical device companies, and you will see what we saw – strong revenue growth rates with sustainability. We look forward to learning from some of the brightest minds in medical device sales as we leverage the key insights from our initial commercial efforts to bring our disruptive technology to the next level of hospitals nationwide,” commented Kenneth L. Londoner, Chairman, and CEO of BioSig Technologies, Inc.

The PURE EP(TM) is an FDA 510(k) cleared non-invasive class II device that aims to drive procedural efficiency and efficacy in cardiac electrophysiology. To date, over 70 physicians have completed over 1750 patient cases with the PURE EP(TM) System.

Clinical data acquired by the PURE EP(TM) System in a multi-center study at Texas Cardiac Arrhythmia Institute at St. David’s Medical Center, Mayo Clinic Jacksonville and Massachusetts General Hospital was recently published in the Journal of Cardiovascular Electrophysiology and is available electronically with open access via the Wiley Online Library. Study results showed 93% consensus across the blinded reviewers with a 75% overall improvement in intracardiac signal quality and confidence in interpreting PURE EP(TM)  signals over conventional sources.

The Company recently appointed a former Abbott senior sales leader Mr. Gray Fleming as its Chief Commercial Officer. BioSig is in a targeted commercial launch of the PURE EP(TM) System in the Northeast, Texas, and Florida and is in regular use in some of the country’s leading centers of excellence, including the Mayo Clinic in Rochester, MN, and St. David’s Medical Center in Austin, TX.

About BioSig Technologies
BioSig Technologies is a medical technology company commercializing a proprietary biomedical signal processing platform designed to improve signal fidelity and uncover the full range of ECG and intra-cardiac signals (www.biosig.com).

The Company’s first product, PURE EP(TM) System is a computerized system intended for acquiring, digitizing, amplifying, filtering, measuring and calculating, displaying, recording, and storing electrocardiographic and intracardiac signals for patients undergoing electrophysiology (EP) procedures in an EP laboratory.

Forward-looking Statements
This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward- looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the geographic, social and economic impact of COVID-19 on our ability to conduct our business and raise capital in the future when needed, (ii) our inability to manufacture our products and product candidates on a commercial scale on our own, or in collaboration with third parties; (iii) difficulties in obtaining financing on commercially reasonable terms; (iv) changes in the size and nature of our competition; (v) loss of one or more key executives or scientists; and (vi) difficulties in securing regulatory approval to market our products and product candidates. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.


Andrew Ballou
BioSig Technologies, Inc.
Vice President, Investor Relations
55 Green Farms Road
Westport, CT 06880, US
aballou@biosigtech.com
203-409-5444, x133

Source: BioSig Technologies, Inc.

FAT Brands Inc. (FAT) – Acquisition Closings; New Store Openings

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Tuesday, December 21, 2021

FAT Brands Inc. (FAT)
Acquisition Closings; New Store Openings

FAT Brands Inc is a multi-brand restaurant franchising company. It develops, markets, and acquires predominantly fast casual restaurant concepts. The company provides turkey burgers, chicken Sandwiches, chicken tenders, burgers, ribs, wrap sandwiches, and others. Its brand portfolio comprises Fatburger, Buffalo’s Cafe and Express, and Ponderosa and Bonanza. The company’s overall footprint covers nearly 32 countries. Fatburger generates maximum revenue for the company.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Fazoli’s and Native Grill. FAT Brands has completed the acquisitions of Italian QSR Fazoli’s and wing concept Native Grill. We anticipate both concepts to see attractive growth. Fazoli’s had an outstanding year with three quarters of record setting sales in 2021, while Native Grill further complements FAT Brands’ existing wing concepts and provides FAT Brands with a larger footprint on the West Coast.

    Arkansas Debut.  Earlier this month, FAT announced the opening of a new co-branded Fatburger and Buffalo’s Express in Greenbrier, Arkansas, under a deal finalized in early 2021. As we have noted in past reports, organic growth is a no cost path for incremental sales and EBITDA growth for FAT Brands …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Lisa Walker Joins Gevo as Assistant General Counsel

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Lisa Walker Joins Gevo as Assistant General Counsel

Research, News, and Market Data on Gevo

 

ENGLEWOOD, Colo., Dec. 21, 2021 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ:GEVO), announced today that Lisa Walker has joined Gevo as Assistant General Counsel. Ms. Walker brings more than 25 years of experience in commercial contracts and negotiation, litigation management, marketing and trading, real estate transactions, liability and risk assessment, and asset acquisition and divestiture. Most recently, she served as Assistant General Counsel – Commercial Transactions Attorney at Kinder Morgan, Inc.

“I’d like to issue an enthusiastic welcome to Lisa,” said Geoff Williams, General Counsel. “She is a trading and marketing veteran in the energy commodity space, including the natural gas, crude and crude oil products, natural gas liquids, wholesale propane, power, and renewables sectors. She will bolster the legal team by reviewing, drafting, and negotiating commercial transactions.”

“I am very pleased to be joining Gevo,” said Ms. Walker. “I hope to be an essential collaborator in a wide variety of corporate legal matters and look forward to developing meaningful partnerships.”

About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo also plans to take advantage of decarbonization via geological sequestration in the future. Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions.

Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build- out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including the hiring of Lisa Walker, the attributes of Gevo’s products, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

Gevo Investor and Media Contact

Heather L. Manuel

+1 720-418-0085

IR@gevo.com

FAT Brands Inc. (FAT) – Acquisition Closings New Store Openings

Posted on by Admin

Tuesday, December 21, 2021

FAT Brands Inc. (FAT)
Acquisition Closings; New Store Openings

FAT Brands Inc is a multi-brand restaurant franchising company. It develops, markets, and acquires predominantly fast casual restaurant concepts. The company provides turkey burgers, chicken Sandwiches, chicken tenders, burgers, ribs, wrap sandwiches, and others. Its brand portfolio comprises Fatburger, Buffalo’s Cafe and Express, and Ponderosa and Bonanza. The company’s overall footprint covers nearly 32 countries. Fatburger generates maximum revenue for the company.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Fazoli’s and Native Grill. FAT Brands has completed the acquisitions of Italian QSR Fazoli’s and wing concept Native Grill. We anticipate both concepts to see attractive growth. Fazoli’s had an outstanding year with three quarters of record setting sales in 2021, while Native Grill further complements FAT Brands’ existing wing concepts and provides FAT Brands with a larger footprint on the West Coast.

    Arkansas Debut.  Earlier this month, FAT announced the opening of a new co-branded Fatburger and Buffalo’s Express in Greenbrier, Arkansas, under a deal finalized in early 2021. As we have noted in past reports, organic growth is a no cost path for incremental sales and EBITDA growth for FAT Brands …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Release – Lisa Walker Joins Gevo as Assistant General Counsel

Posted on by Admin



Lisa Walker Joins Gevo as Assistant General Counsel

Research, News, and Market Data on Gevo

 

ENGLEWOOD, Colo., Dec. 21, 2021 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ:GEVO), announced today that Lisa Walker has joined Gevo as Assistant General Counsel. Ms. Walker brings more than 25 years of experience in commercial contracts and negotiation, litigation management, marketing and trading, real estate transactions, liability and risk assessment, and asset acquisition and divestiture. Most recently, she served as Assistant General Counsel – Commercial Transactions Attorney at Kinder Morgan, Inc.

“I’d like to issue an enthusiastic welcome to Lisa,” said Geoff Williams, General Counsel. “She is a trading and marketing veteran in the energy commodity space, including the natural gas, crude and crude oil products, natural gas liquids, wholesale propane, power, and renewables sectors. She will bolster the legal team by reviewing, drafting, and negotiating commercial transactions.”

“I am very pleased to be joining Gevo,” said Ms. Walker. “I hope to be an essential collaborator in a wide variety of corporate legal matters and look forward to developing meaningful partnerships.”

About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo also plans to take advantage of decarbonization via geological sequestration in the future. Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions.

Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build- out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including the hiring of Lisa Walker, the attributes of Gevo’s products, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

Gevo Investor and Media Contact

Heather L. Manuel

+1 720-418-0085

IR@gevo.com

Capstone Green Energy (NASDAQ:CGRN) to Provide Its 600kW Energy Efficiency System to Alabama Hospital

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Capstone Green Energy (NASDAQ:CGRN) to Provide Its 600kW Energy Efficiency System to Alabama Hospital

Research, News, and Market Data on Capstone Green Energy

 

Highly Efficient Combined Heat & Power System Will Provide Both Electricity and Hot Water

VAN NUYS, CA / ACCESSWIRE / December 21, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), (“Capstone,” the “Company,” “we” or “us”), a global leader in carbon reduction and on-site resilient green energy solutions, today announced that its central and southern U.S. distributor, Lone Star Power Solutions (www.lonestarpowersolutions.com), has secured a contract to provide a highly reliable and energy-efficient Combined Heat and Power (CHP) clean energy system to a major hospital in Alabama expected to be commissioned in the Spring 2022.

The 600kW microturbine-based energy system will be fueled by low-pressure natural gas (LPNG) and will run in parallel with the local area grid providing supplemental power for the hospital’s needs. The highly efficient energy system will be configured to repurpose the waste heat produced by the microturbine for the hospital’s hot water requirements.

Beyond supporting the power needs of a critical hospital facility, the new clean energy system provides a hedge against rising utility costs. This, along with the system’s high efficiency, will ultimately reduce the facility’s operational costs. Likewise, the system offers environmental benefits, including an estimated reduction in greenhouse gas emissions roughly equivalent to removing an estimated 245 cars from the road annually.

“We continue to experience increasing interest in Capstone Green Energy portfolio products,” said Doug Demaret, President of Lone Star Power Solutions. “Our relationship with Capstone makes Lone Star unique in our ability to provide completely integrated on-site clean energy solutions for customers that have sophisticated energy requirements. We are glad to be able to offer tailored solutions to meet their economic, operational, and environmental goals.”

“There are few energy solutions out there that can deliver the kind of reliability and security that microturbines provide to power-critical sites like hospitals,” said Darren Jamison, Chief Executive Officer of Capstone Green Energy. “When you factor in the cost benefits and environmental factors, you have a complete solution that improves the bottom line, strengthens service delivery, and reduces environmental impact. Utilizing a Capstone clean energy system is a truly ideal strategy for hospitals,” concluded Mr. Jamison.

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 Generation Technologies (EGT) 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 Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), 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 to be approximately $698 million in energy savings and approximately 1,115,100 tons of carbon 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

QuickChek – December 21, 2021

Posted on by Admin



Entravision Raises Over $2.1 Million for Children’s Miracle Network Hospitals

Entravision Communications announced that together with Children’s Miracle Network, they successfully raised over $2.1 million in the 14th Annual Radiothon event

Research, News & Market Data on Entravision Communications

Watch recent presentation from Entravision Communications



Bunker Hill Announces $50 Million Project Finance Package, Mine Purchase, And US EPA Settlement Agreement Amendment

Bunker Hill Mining announced the achievement of its key short-term objectives

Research, News & Market Data on Bunker Hill Mining



Edward G. Atsinger III Transitions to Executive Chairman of the Board of Salem Media Group; David Santrella to Chief Executive Officer and David Evans to Chief Operating Officer

Salem Media Group announces C-Level changes

Research, News & Market Data on Salem Media

Watch recent presentation from Salem Media



Lisa Walker Joins Gevo as Assistant General Counsel

Gevo announced that Lisa Walker has joined Gevo as Assistant General Counsel

Research, News & Market Data on Gevo

Watch recent presentation from Gevo



BioSig Technologies, Inc. Selects Access Strategy Partners to Accelerate Commercial Sales

BioSig Technologies announced that it appointed Access Strategy Partners, Inc. to advise on the next phase of the commercial roll-out

News & Market Data on BioSig Technologies

Watch recent presentation from BioSig Technologies



Capstone Green Energy (NASDAQ:CGRN) to Provide Its 600kW Energy Efficiency System to Alabama Hospital

Capstone Green Energy announced that its central and southern U.S. distributor, Lone Star Power Solutions, has secured a contract to provide a clean energy system to a major hospital in Alabama

Research, News & Market Data on Capstone Green Energy

Watch recent presentation from Capstone Green Energy

 

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Newrange Gold Corp. (NRGOF)(NRG:CA) – More to Pamlico’s Story than Investors May Realize

Posted on by Admin

Tuesday, December 21, 2021

Newrange Gold Corp. (NRGOF)(NRG:CA)
More to Pamlico’s Story than Investors May Realize

As of April 24, 2020, Noble Capital Markets research on Newrange Gold is published under ticker symbols (NRGOF and NRG:CA). The price target is in USD and based on ticker symbol NRGOF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target.

Newrange Gold Corp is an exploration stage company focused on acquiring and exploring exploration and evaluation assets in Colombia and the United States. The Company operates in a single reportable operating segment-the acquisition, exploration, and development of mineral properties. Some of the projects acquired by the company are Pamlico gold project in Nevada and Rocky mountain project in Colorado. The company also holds an interest in the Yarumalito property, El Dovio property and Anori property in Colombia.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    The opportunity set at Pamlico has grown. Based on work completed in 2020 and 2021, the company’s geological model incorporates areas beyond the initial gold district that was mined in the past and suggests a larger district containing a gold-copper system with oxide gold near surface, lower-grade bulk tonnage gold mineralization, skarn and porphyry copper-gold targets. Management has identified several target areas for drilling in 2022 within what is believed to be a large-scale polymetallic mineralizing system with significant resource potential.

    Evaluating 2022 Pamlico drilling targets.  Based on an updated geological model and information from geophysical surveys, management is focusing efforts on finding the source of gold mineralization. While property-wide mapping and rock sampling continues, key target areas are being evaluated and prioritized for drilling in 2022. Some of these targets are discussed in this report …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.