Author: Admin

Developer

Publicly Traded Chinese Companies Duty to Shareholders

Posted on by Admin 


	Image Credit: rose_symotiuk (flickr)


Disclosures by Chinese Corps. Trading on U.S. Exchanges Have a Defined Duty to Shareholders

 

Commissioner Allison Lee of the Securities and Exchange Commission (SEC) is requiring that Chinese companies listed on U.S. stock exchanges disclose any known risks related to the Chinese government interfering in their business. This adds an extra level of responsibility toward investors from corporations domiciled in China. Any disclosures are to be included as part of their regular reporting.

Impact

Regular annual and quarterly filings by all public companies contain discussions of the firm’s liquidity, capital resources, results of operations, any favorable or unfavorable trends in the industry, and any significant events or uncertainties. This could include lawsuits, political risks, and other potential shocks.  For companies headquartered in China and listed on a U.S. exchange, they will need to specifically address known risks that are present due to the Chinese government.

There are at least 248 Chinese companies listed on three major U.S. exchanges with a total market capitalization of $2.1 trillion, according to the U.S.-China Economic and Security Review Commission (USCC). There are also eight national-level Chinese state-owned enterprises listed in the U.S. To the extent that any of the companies have reportable circumstances, it may place them in the difficult situation of being required to highlight activities related to the Chinese government and their specific business. If not complied with, they could face penalties from the SEC, including delisting.

Why the Requirement

There are five SEC commissioners, Commissioner Lee’s remarks are the first by an SEC official since Chinese regulators enacted a massive cyber-investigation of ride-hailing company Didi Global last week. The actions by the Chinese government came a few days after its $4.4bn NYSE listing. The “meddling” is suspected of erasing 25 percent of investor value. There is concern among policymakers that Chinese corporations are violating the current SEC rules that require public companies to disclose to investors material risks that may impact their businesses. This order spells out that government meddling must be included.

The Wall Street Journal reported that Didi was warned by regulators to delay its initial public offering and address its cybersecurity. Didi has said it had no idea about the investigation before listing. The SEC does not disclose active investigations.

 

 

Additional Information

During the past decade, Washington policymakers have focused on having US-listed Chinese companies comply with U.S. Public Company Accounting Oversight Board regulations. Last year, Congress passed a law that would delist Chinese companies from U.S. exchanges if they did not comply with U.S. auditing standards. The SEC has been asked by lawmakers to devote more resources to these risks. “U.S. regulators must ensure that American investors and workers are protected from the anti-market behavior that is scarring American investors,” said Senator Bill Haggerty, Senate Banking Committee, in a statement to Reuters.

High-quality, reliable disclosure, including financial reporting, is the core mission of the SEC. It’s tasked with protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation. Although China-based Issuers that access the U.S. public capital markets generally have the same disclosure obligations and legal responsibilities as other non-U.S. issuers, the Commission’s ability to promote and enforce high-quality disclosure standards for China-based Issuers may be materially limited. This leaves the door open to greater risk that their disclosures may be incomplete or misleading. In addition, in the event of investor harm, investors generally will have substantially less access to recourse in comparison to U.S. domestic companies and foreign issuers in other jurisdictions.

Suggested Reading:



Clean vs Dirty Electrons on Power Grid

Slower Output and Increasing Demand Make Uranium Investments Hot





College Scholarships for Esports Gamers

Will Inflation be Transitory or Persistent

 

Sources:

https://www.sec.gov/corpfin/disclosure-considerations-china-based-issuers

https://www.cnbc.com/2021/07/07/china-is-cracking-down-on-stocks-that-trade-on-us-exchanges-what-it-means-if-you-hold-them.html

https://www.uscc.gov/

https://businesshala.com/u-s-listed-chinese-companies-must-disclose-government-interference-risks-sec-official/

 

Stay up to date. Follow us:

 

Release – Palladium One Expands the Tyko Sulphide Nickel-Copper Project to 24500 hectares and Completes VTEM Survey

Posted on by Admin


Palladium One Expands the Tyko Sulphide Nickel-Copper Project to 24,500 hectares and Completes VTEM Survey

 

KEY HIGHLIGHTS

  • Two Earn-in agreements expand the Tyko Nickel-Copper Project by 950 hectares
  • Additionally, 3,500 hectares were purchased from the original Optionors of the Tyko Project.
  • Tyko Nickel-Copper Project currently over 24,500 hectares
  • 3,100-kilometer airborne Electro Magnetic (VTEMmax) geophysical survey completed
  • Summer exploration field crews are onsite conducting reconnaissance mapping, prospecting and soil sampling. The first 1,000 soil samples have been sent for assaying, results pending

July 27, 2021 – Toronto, Ontario – The footprint of the Tyko Nickel-Copper Project, which returned drill intercepts from massive magmatic sulphide of up to 9.9% Nickel equivalent (“Ni_Eq”), (23.0% Copper equivalent, 30.1 g/t Gold equivalent*) over 3.8 meters in hole TK21-023 (Table 1) has been expanded by 4,400 hectares, said Palladium One Mining (“Palladium One” or the “Company”) (TSXV: PDM, FRA: 7N11, OTC: NKORF) today.

Tyko has grown from 20,100 hectares to over 24,500 hectares since the Phase II drill program was completed.

An option agreement with First Class Metals Ltd, for the Pickle Lake property, consists of 700 hectares located on the west side of the Tyko project and is proximal to the historic RJ zone which returned up to 1.2% Ni_Eq (2.78% Cu_Eq and 3.6g/t Au_Eq*) over 16.2 meters in hole TK16-002 (see news release April 12, 2016). A second option agreement for the Cupa Lake property with a local prospector consists of 250 hectares and is located 8km east of the Smoke Lake Zone.

President and CEO, Derrick Weyrauch commented, “Tyko continues to impress and warrants increased levels of expenditure and exploration. Results to date demonstrate robust mineralization spread over at least 18 kilometers, yet the area has seen virtually no government mapping or exploration. We believe that in addition to the high-grade Smoke Lake zone, there are new zones off nickel-copper mineralization yet to be discovered. We are awaiting result from the 3,100-kilometer airborne Electro Magnetic (VTEMmax) survey which will guide further exploration.”

200-square kilometer, VTEMmax survey

Geotech’s Versatile Time Domain Electromagnetic airborne system (VTEMmax) survey has been completed across the entire Tyko project. The survey comprised greater than 3,100-line kilometers of closely spaced (100-meter) flight lines. It is the most comprehensive and sensitive airborne geophysical survey ever flown on the Tyko property and covered large areas for which no airborne Electro Magnetic surveys had ever been flown, including the area surrounding the Shabotik showing, having up to 1.0% Nickel, see press release August 19, 2019.

Summer Field Program

Mapping, prospecting and soil sampling is well underway with 1,000 soil samples having already been submitted to the assay lab. This program is designed to ground truth historic and new geophysical anomalies. The vast majority of the Tyko project has seen little to no exploration, or even government mapping.

Figure 1. Tyko Project, with various historic total field magnetic surveys as the background. Newly acquired ground is shown in black hatched areas.

Table 1: Select 2020 & 2021 Drill Results from the Smoke Lake

Hole

From
(m)

To
(m)

Width
(m)

Ni_E
%

Cu_
%

Au_
g/t*

Ni
%

Cu
%

Co
%

PGE g/t
(Pd+Pt
Au)

Pd
g/t

Pt
g/t

Au
g/t

TK20-016

29.0

32.8

3.8

8.74

20.38

27.16

6.65

3.70

0.09

1.51

0.67

0.81

0.03

Inc.

29.8

32.5

2.7

9.80

22.86

30.45

7.47

4.16

0.10

1.64

0.74

0.87

0.03

TK20-022

46.8

51.0

4.2

7.46

17.40

23.05

5.83

2.74

0.09

1.28

0.56

0.70

0.01

Inc.

48.5

50.6

2.1

8.78

20.48

26.68

7.26

2.34

0.12

1.30

0.48

0.81

0.01

TK20-023

5.3

12.8

7.5

6.07

14.15

18.94

4.49

2.86

0.06

1.01

0.44

0.55

0.02

Inc.

8.9

12.8

3.8

9.87

23.02

30.10

8.13

2.88

0.11

1.33

0.61

0.71

0.02

Inc.

8.9

10.5

1.6

11.05

25.79

33.08

9.80

1.67

0.13

1.27

0.54

0.72

0.01

TK21-034

66.3

73.0

6.7

4.57

10.67

14.30

3.42

2.05

0.05

0.81

0.39

0.40

0.01

Inc.

66.3

71.3

5.0

5.95

13.88

18.57

4.47

2.62

0.06

1.06

0.51

0.53

0.02

Inc.

66.3

68.0

1.7

9.54

22.26

29.46

7.50

3.51

0.09

1.64

0.73

0.88

0.02

TK21-035

4.9

9.3

4.5

7.45

17.38

22.98

5.89

2.70

0.08

1.06

0.54

0.50

0.02

Inc.

6.0

7.7

1.7

10.17

23.73

30.51

9.09

1.23

0.13

1.34

0.73

0.59

0.02

TK21-041

130.4

132.8

2.4

5.96

13.91

18.45

4.74

1.97

0.07

1.15

0.60

0.52

0.02

Inc.

131.2

132.8

1.7

8.28

19.31

25.53

6.65

2.60

0.09

1.52

0.78

0.71

0.03

(1) Reported widths are “drilled widths” not true widths.
(2) * Au_Equivalent is calculated for comparison purposes using recent spot prices, $8lb nickel, $4.4/lb copper, $19/lb cobalt, $2,700/oz palladium, $1,150/oz platinum, $1,900/oz gold.
(3) **Italicised orange highlighted results are previously released results see news release June 23, 2021

*Nickel Equivalent (“Ni_Eq”) and Copper Equivalent (“Cu_Eq”)
Nickel and copper equivalent is calculated using US$1,100 per ounce for palladium, US$950 per ounce for platinum, US$1,300 per ounce for gold, US$6,614 per tonne (US$3.00 per pound) for copper, US$15,432 per tonne (US$7.00 per pound) for nickel and US$30,865 per tonne (US$14 per pound) for Cobalt. This calculation is consistent with the commodity prices used in the Company’s September 2019 NI 43-101 Kaukua resource estimate.

Transaction Details

First Class Metals Ltd. – Pickle Lake (formerly, Pezim II) Property – 700 hectares – Grant of Earn-In Right

The Company can earn up to an 80% undivided working interest and a royalty Buy-Back Right, in the Earn-In Properties, over a 3-year earn-in period by incurring Canadian Exploration Expenses as follows:

Year 1 – an amount of not less than C$25,000 on or before the 1st anniversary of the Effective Date:

Year 2 – an amount of not less than C$135,000 (for an aggregate amount of $160,000) on or before the second anniversary of the Effective Date to earn a 51% interest; and

Year 3 – an amount of not less than C$165,000 (for an aggregate amount of not less than $325,000) and by preparing a National Instrument 43-101 (“NI43-101”) Technical Report with respect to the Earn-In Properties on or before the third anniversary of the Effective Date to earn an additional 29% (for a total aggregate 80% interest).

Upon the Company earning either a 51% or 80% working interest in the Earn-In Properties, a Joint Venture Agreement shall be formed and the Company shall be the operator. Should either party not fully participate in future expenditures, its ownership interest shall be diluted and if one party is diluted to a 10% working interest, that party (“NSR Holder”) shall be granted a 1% NSR Royalty in respect of the Earn-In Properties, while the Surviving Party shall be granted a 100% undivided working interest. The Surviving Party shall have the right at any time to purchase from the NSR Holder the 1% NSR Royalty by way of a one-time payment to the NSR Holder of $1,000,000 for the full 1% NSR.

A 2% NSR royalty (“Existing NSR) right in the Earn-In Properties is subject to a 100% Buy-Back Right in favor of the Joint Venture or Surviving Party. Each 1% of the NSR royalty can be bought back and extinguished at a fixed price of C$500,000.

Prospector –Cupa Lake Property – 250 hectare – Grant of Earn-In Right

The Company will earn a 100% working interest in the Prospector Earn-In Properties by incurring exploration expenses in relation to the properties, paying both cash and common share consideration, and granting a 1% Net Smelter Return Royalty (the “NSR Royalty”), as follows:

(i) Upon signing this agreement – Optionee to pay the Optionor $4,000 in cash and shall issue to the Optionor 10,000 common shares of Palladium One Mining Inc.

(ii) Year 1 – Canadian Exploration Expenses in the amount of not less than $20,000, and paying the Optionor $6,000 in cash and issuing the Optionor 20,000 common shares of Palladium One Mining Inc. on or before the 1st anniversary of the Effective Date;

(iii) Year 2 – additional Canadian Exploration Expenses in the amount of not less than $40,000 (for an aggregate amount of $60,000) and paying the Optionor $12,000 in cash and issuing the Optionor 30,000 common shares of Palladium One Mining Inc. on or before the second anniversary of the Effective Date; and

(iv) Year 3 – additional Canadian Exploration Expenses in the amount of not less than $120,000 (for an aggregate amount of not less than $180,000) and paying the Optionor $36,000 in cash and issuing the Optionor 30,000 common shares of Palladium One Mining Inc. on or before the third anniversary of the Effective Date

The Company shall maintain the right at any time to purchase from the Prospector one-half (50%) of the 1% NSR royalty interest by way of a one-time payment to the Prospector of $1,000,000.

Claim Purchase

The Company has acquired 3,500 hectares of new clams by re-imbursing staking costs to the original optionors of the Tyko Project. These new claims are considered part of the original option agreement and thus are subject to a 3% NSR for which one half (50%) can be purchased at any time for $1,500,000.

QA/QC
The Phase II drilling program was carried out under the supervision of Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company.

Drill core samples were split using a rock saw by Company staff, with half retained in the core box. The drill core samples were transported by company staff the Company’s core handling facility, to Actlabs laboratory in Thunder Bay, Ontario. Actlabs, is an accredited lab and are ISO compliant (ISO 9001:2015, ISO/IEC 17025:2017). PGE analysis was performed using a 30 grams fire assay with an ICP-MS or ICP-OES finish. Multi-element analyses, including copper and nickel were analysed by four acid digestion using 0.5 grams with an ICP-MS or ICP-OES finish.

Certified standards, blanks and crushed duplicates are placed in the sample stream at a rate of one QA/QC sample per 10 core samples. Results are analyzed for acceptance at the time of import. All standards associated with the results in this press release were determined to be acceptable within the defined limits of the standard used

About Tyko Ni-Cu-PGE Project
The Tyko Ni-Cu-PGE Project, is located approximately 65 kilometers northeast of Marathon Ontario, Canada. Tyko is an early stage, high sulphide tenor, nickel-copper (2:1 ratio) project with the most recent drill hole intercepts returning up to 9.9% Ni_Eq over 3.8 meters (8.1% Ni, 2.9% Cu, 1.3g/t PGE) in hole TK-20-023.

Qualified Person
The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.

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 resource.

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

For further information contact:
Derrick Weyrauch, President & CEO
Email: [email protected]

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 is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

Release – Seanergy Announces Delivery and Immediate Period Employment of one Capesize Vessel and New Bank Loan Facility

Posted on by Admin


Seanergy Announces Delivery & Immediate Period Employment of one Capesize Vessel and New Bank Loan Facility

 

July 27, 2021 – Glyfada, Greece – Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) reported today the delivery of a previously-announced Capesize vessel acquisition, the M/V Friendship (the “Vessel”). The Vessel is a 176,952 dwt Capesize bulk carrier, built in 2009 by Namura Shipbuilding Co., Ltd. in Japan. The M/V Friendship is the fifth Capesize delivery that Seanergy has successfully completed in 2021 to date.

The Vessel has been fixed on a time charter (“T/C”) with NYK Line, a leading Japanese corporation, which is an existing charterer of Seanergy. The T/C is expected to commence immediately, upon finalization of the customary transition process and will have a term of minimum 17 to maximum 24 months from the delivery. The gross daily rate of the T/C is based at a premium over the Baltic Capesize Index (“BCI”).

Moreover, Seanergy received approval, from one of its existing lenders to partially finance the acquisition of the M/V Friendship. The loan facility of up to $13.0 million bears interest rate of LIBOR + 3.25%, has a four-year term and will be repaid through 4 quarterly instalments of $0.7 million followed by 12 quarterly instalments of $0.38 million and a balloon of $5.7 million payable together with the last instalment.

Company fleet on a fully delivered basis and following the sale of the M/V Leadership:

Vessel Name Vessel Size Class Capacity (DWT) Year Built Yard Scrubber Fitted Employment Type
Partnership Capesize 179,213 2012 Hyundai Yes T/C Index Linked
Championship Capesize 179,238 2011 Sungdong Yes T/C Index Linked
Lordship Capesize 178,838 2010 Hyundai Yes T/C Index Linked
Premiership Capesize 170,024 2010 Sungdong Yes T/C Index Linked
Squireship Capesize 170,018 2010 Sungdong Yes T/C Index Linked
Knightship Capesize 178,978 2010 Hyundai Yes T/C Index Linked
Gloriuship Capesize 171,314 2004 Hyundai No T/C Index Linked
Fellowship Capesize 179,701 2010 Daewoo No T/C Index Linked
Geniuship Capesize 170,058 2010 Sungdong No T/C Index Linked
Hellasship Capesize 181,325 2012 Imabari No T/C Index Linked
Flagship Capesize 176,387 2013 Mitsui Engineering No T/C Index Linked
Patriotship Capesize 181,709 2010 Saijo – Imabari Yes T/C Fixed Rate -$31,000/day
Tradership Capesize 176,925 2006 Namura Shipbuilding No T/C Index Linked
Friendship Capesize 176,952 2009 Namura Shipbuilding No T/C Index Linked
Goodship Capesize 177,536 2005 Mitsui Engineering No Voyage/Spot
Worldship * Capesize 181,415 2012 Japanese Shipyard Yes T/C Fixed Rate -$31,750/day
Total / Average age   2,829,631 11.4      

* Delivery expected within August 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. On a fully-delivered basis, the Company’s operating fleet will consist of 16 Capesize vessels with an average age of 11.4 years and aggregate cargo carrying capacity of approximately 2,829,631 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: [email protected]

Capital Link, Inc.
Daniela Guerrero
230 Park Avenue Suite 1536
New York, NY 10169
Tel: (212) 661-7566
E-mail: [email protected]

Release – Comtech Telecommunications Corp. Awarded $1.1 Million Contract for High-Power Amplifiers

Posted on by Admin


Comtech Telecommunications Corp. Awarded $1.1 Million Contract for High-Power Amplifiers

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Jul. 27, 2021– 
July 27, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a global leading provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its fourth quarter of fiscal 2021, its 
New York-based subsidiary, 
Comtech PST Corp., which is part of Comtech’s Government Solutions segment, was awarded a 
$1.1 million contract for solid-state high-power amplifier systems from a major domestic prime contractor.

These highly integrated amplifiers are essential transmit and receive elements in a complex data communication system. They add to an installed base of 
Comtech solid-state high-power RF amplifiers previously delivered to this major domestic prime contractor.

“This follow-on contract demonstrates our continued leadership position in providing integrated high-power transmit and receive technology and the ongoing demand for our solid-state high-power amplifiers utilized by major OEMs in both domestic and international markets,” said  Fred Kornberg, Chairman of the Board and Chief Executive Officer of 
Comtech Telecommunications Corp.

Comtech PST Corp. (www.comtechpst.com) is a leading independent supplier of high-power, high performance RF microwave amplifiers and control components for use in a broad spectrum of applications including defense, medical, satellite communications systems and instrumentation.

Comtech Telecommunications Corp. is a leading provider of next-generation 911 emergency systems and critical wireless communication 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 to customers in more than 100 countries. 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
[email protected]

Source: 
Comtech Telecommunications Corp.

Release – OSS to Demonstrate Long-Range Visual Observation System at Sea-Air-Space Conference, August 2-4 2021

Posted on by Admin

 


OSS to Demonstrate Long-Range Visual Observation System at Sea-Air-Space Conference, August 2-4, 2021

 

ESCONDIDO, Calif., July 27, 2021 (GLOBE NEWSWIRE) — One Stop Systems, Inc. (Nasdaq: OSS), a leader in AI Transportable solutions on the edge, will demonstrate a long-range visual observation system with a leader in Augmented Intelligence at the Sea-Air-Space 2021 (SAS) conference being held next week at the Gaylord National Convention Center.

The system supports multi-spectrum real-time observation at up to 30 nautical miles. It can detect a building on fire or an approaching aircraft that has entered restricted airspace. High-performance compute processing, machine learning, and analytics allows the detection and monitoring of objects of interest day or night, regardless of smoke, dust or fog.

The all-weather ruggedized system includes military grade electro-optical and infrared video sensors, a proven enterprise AI framework, and high-performance edge AI inference system powered by OSS. This combination can automatically recognize inconsistencies and abnormalities and provide predictive warnings. The product is intended for ships and vehicles, reflecting the company’s focus on AI Transportables.

As the largest maritime exposition in the U.S., the event brings together U.S. defense industry and key military decision-makers for three days of informative educational sessions, important policy discussions and a dynamic exhibit hall floor. Hosted by the Navy League of the United States, Sea-Air-Space attracts maritime leaders from sea services around the globe.

“OSS is pleased to return to this live tradeshow and is looking forward to demonstrating this product in addition to our other market leading products at SAS,” said Jim Ison, chief sales marketing officer of OSS. “OSS brings unique expertise in high speed PCIe interconnect and scalable GPU compute systems as required by the most demanding military and aerospace applications.”

OSS’s AI on the Fly® solutions accelerate autonomous vehicles, record high-speed surveillance data, detect real-time threats, deploy countermeasures, and sift through mountains of radio transmission data—all designed to give an advantage at the edge.

These AI on the Fly solutions are differentiated from the traditional datacenter-centric AI infrastructure in how they deploy the latest highest-speed commercial processing, input/output, networking and storage technologies for operation in harsh and rugged environments. They meet stringent requirements for shock and vibration, redundancy, large operating temperature, altitude ranges and uninterrupted power.

The solutions are ideally suited for AI Transportables, the fastest growing segment of edge computing. The edge computing market is expected to grow at a compound annual growth rate of 34% to $15.7 billion by 2025, according to MarketsandMarkets.

Visitors to SAS can see OSS AI on the Fly systems at booth #112. They can also be ordered directly from OSS sales engineers at [email protected].

For any questions about OSS, please contact Ron Both of CMA at (949) 432-7557 or submit your request here.

About Sea-Air-Space
The Navy League’s Sea-Air-Space Exposition was founded in 1965 as a means to bring the U.S. defense industrial base, private-sector U.S. companies and key military decision-makers from the sea services together for an annual innovative, educational, professional event located in the heart of Washington, D.C. Sea-Air-Space is now the largest maritime exposition in the U.S. and continues as an invaluable extension of the Navy League’s mission of maritime policy education and sea service support. For more information, visit www.seaairspace.org/welcome.

About One Stop Systems
One Stop Systems, Inc. (OSS) designs and manufactures innovative AI Transportable edge computing modules and systems, including ruggedized servers, compute accelerators, expansion systems, flash storage arrays and Ion Accelerator™ SAN, NAS and data recording software for AI workflows. These products are used for AI data set capture, training, and large-scale inference in the defense, oil and gas, mining, autonomous vehicles and rugged entertainment applications.

OSS utilizes the power of PCI Express, the latest GPU accelerators and NVMe storage to build award-winning systems, including many industry firsts, for industrial OEMs and government customers. The company enables AI on the Fly® by bringing AI datacenter performance to ‘the edge’, especially on mobile platforms, and by addressing the entire AI workflow, from high-speed data acquisition to deep learning, training and inference. OSS products are available directly or through global distributors. For more information, go to www.onestopsystems.com.

Forward-Looking Statements
One Stop Systems cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. These statements are based on the company’s current beliefs and expectations. These forward-looking statements include statements regarding the use of our products and applications in certain industries. The inclusion of forward-looking statements should not be regarded as a representation by One Stop Systems or its partners that any of our plans or expectations will be achieved. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation: risks associated with the fitness of One Stop Systems’ products in rugged government applications, identification of threats or fires, the ability of OSS to exhibit at the show or provide a live demo; risks associated with the performance of our products combined with a partner’s third party product, system, or application; and other risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in our Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

OSS Media Contact:
Katie Rivera
One Stop Systems, Inc.
Tel (760) 745-9883
Email contact

Investor Relations:
Ronald Both or Grant Stude
CMA
Tel (949) 432-7557
Email contact

Source: One Stop Systems, Inc.

Released July 27, 2021

Release – electroCore Announces Issuance of New Patent for Migraine Treatment using Smartphones

Posted on by Admin


electroCore Announces Issuance of New Patent for Migraine Treatment using Smartphones

 

ROCKAWAY, NJ, July 27, 2021 (GLOBE NEWSWIRE) —  
electroCore, Inc. (Nasdaq: ECOR), a commercial-stage bioelectronic medicine company, today announced that the United States Patent and Trademark Office (USPTO) has issued 
U.S. Patent No. 11,065,444 to electroCore, relating to the use of a mobile phone for stimulating the trigeminal nerve to treat disorders.

The newly issued patent includes descriptions of devices and methods that allow a patient to self-treat a medical condition, such as migraine headache, by non-invasive electrical stimulation of nerves of the head, particularly supraorbital, supratrochlear, infraorbital, and mental nerves in the vicinity of their foramen or notch. The system comprises a handheld mobile device, such as a smartphone, that is applied to the surface of the patient’s head. One or more electrodes apply electrical impulses through the patient’s skin modulating a targeted nerve to treat the medical condition. The system is designed to address problems that arise particularly during self-treatment, when a medical professional is not present.

This newly allowed patent is owned by electroCore and is the latest 
U.S. patent to issue in connection with the company’s non-invasive development program for pain.

“We are pleased with the continued advancement of electroCore’s non-invasive approaches to treating patients,” commented JP Errico, a founder, board member and investor of electroCore, who was also an inventor of the new patent. “These new developments expand the breadth and ease of use by which electroCore’s therapy may be deployed, enabling even more patients worldwide to receive much needed relief at home.”

About electroCore, Inc.
electroCore, Inc. is a commercial stage bioelectronic medicine company dedicated to improving patient outcomes through its non-invasive vagus nerve stimulation therapy platform, initially focused on the treatment of multiple conditions in neurology. The company’s current indications are the preventive treatment of cluster headache and migraine and the acute treatment of migraine and episodic cluster headache.

For more information, visit www.electrocore.com.

About gammaCoreTM
gammaCoreTM (nVNS) is the first non-invasive, hand-held medical therapy applied at the neck as an adjunctive therapy to treat migraine and cluster headache through the utilization of a mild electrical stimulation to the vagus nerve that passes through the skin. Designed as a portable, easy-to-use technology, gammaCore can be self-administered by patients, as needed, without the potential side effects associated with commonly prescribed drugs. When placed on a patient’s neck over the vagus nerve, gammaCore stimulates the nerve’s afferent fibers, which may lead to a reduction of pain in patients.

gammaCore (nVNS) is FDA cleared in 
the United States for adjunctive use for the preventive treatment of cluster headache in adult patients, the acute treatment of pain associated with episodic cluster headache in adult patients, and the acute and preventive treatment of migraine in adolescent (ages 12 and older) and adult patients. gammaCore is CE-marked in the 
European Union for the acute and/or prophylactic treatment of primary headache (Migraine, Cluster Headache, Trigeminal Autonomic Cephalalgias and Hemicrania Continua) and Medication Overuse Headache in adults.

gammaCore is contraindicated for patients if they:

  • Have an active implantable medical device, such as a pacemaker, hearing aid implant, or any implanted electronic device
  • Have a metallic device, such as a stent, bone plate, or bone screw, implanted at or near the neck
  • Are using another device at the same time (e.g., TENS Unit, muscle stimulator) or any portable electronic device (e.g., mobile phone)

Safety and efficacy of gammaCore have not been evaluated in the following patients:

  • Patients diagnosed with narrowing of the arteries (carotid atherosclerosis)
  • Patients who have had surgery to cut the vagus nerve in the neck (cervical vagotomy)
  • Pediatric patients (less than 12 years)
  • Pregnant women
  • Patients with clinically significant hypertension, hypotension, bradycardia, or tachycardia

Please refer to the gammaCore Instructions for Use for all of the important warnings and precautions before using or prescribing this product.

Forward-Looking Statements
This press release and other written and oral statements made by representatives of electroCore may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements about electroCore’s business prospects and clinical and product development plans; its pipeline or potential markets for its technologies; the timing, outcome and impact of regulatory, clinical and commercial developments; the availability and impact of payer coverage, the potential of nVNS generally and gammaCore in particular and other statements that are not historical in nature, particularly those that utilize terminology such as “anticipates,” “will,” “expects,” “believes,” “intends,” other words of similar meaning, derivations of such words and the use of future dates. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the ability to raise the additional funding needed to continue to pursue electroCore’s business and product development plans, the inherent uncertainties associated with developing new products or technologies, the ability to commercialize gammaCore™, the potential impact and effects of COVID-19 on the business of electroCore, electroCore’s results of operations and financial performance, and any measures electroCore has and may take in response to COVID-19 and any expectations electroCore may have with respect thereto, competition in the industry in which electroCore operates and overall market conditions. Any forward-looking statements are made as of the date of this press release, and electroCore assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law. Investors should consult all of the information set forth herein and should also refer to the risk factor disclosure set forth in the reports and other documents electroCore files with the 
SEC available at www.sec.gov.


Investors:
Rich CockrellCG Capital
404-736-3838
[email protected]

or

Media Contact:
Jackie Dorsky
electroCore
908-313-6331
[email protected]

Release – Flotek and Resolute Oil Collaborate to Expand Green Chemistry

Posted on by Admin


Flotek and Resolute Oil Collaborate to Expand Green Chemistry

 

HOUSTON, July 27, 2021 – Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK), a leader in green specialty chemistries serving industrial, commercial and consumer markets, announced today it has entered into a long-term agreement with Resolute Oil, a leader in high-quality white mineral oil serving consumer and industrial customers, to leverage capabilities and facilities to drive growth in adjacent green chemistry markets. The agreement includes options to renew until 2036.

Through the agreement, Resolute Oil will fully utilize Flotek’s entire 15-acre campus, including its 38,000 square foot chemical blending facility, based in Waller, TX, to manufacture United States Pharmacopeia-National Formulary (USP-NF)-grade white mineral oil distributed globally to customers in the agricultural, energy, food & beverage, cosmetic, and personal care markets. Flotek’s facility is customized for the production of green chemistries and certified by the U.S. Food and Drug Administration (FDA) and Environmental Protection Agency (EPA), facilitating the production of food-grade chemistries.

With more than 164 patent assets, Flotek has leveraged its best-in-class research and innovation capabilities to become a global leader in sustainable chemistry technologies serving customers in consumer and industrial markets. The collaboration between Flotek and Resolute Oil will enable the companies to leverage their expertise and access adjacent market verticals for mutual benefit.

The Company also has significant blending capacity at its 90,000 sq ft. ISO 9001:2015-certified manufacturing facility in Marlow, OK. Flotek utilizes its manufacturing capabilities and capacity to blend products on behalf of suppliers in a contracted capacity.

About Flotek

Flotek Industries, Inc. creates solutions to reduce the environmental impact of energy on air, water, land and people. A technology-driven, specialty green chemistry and data company, Flotek helps customers across industrial, commercial, and consumer markets improve their Environmental, Social, and Governance performance. Flotek’s Chemistry Technologies segment develops, manufactures, packages, distributes, delivers, and markets high-quality cleaning, disinfecting and sanitizing products for commercial, governmental and personal consumer use. Additionally, Flotek empowers the energy industry to maximize the value of their hydrocarbon streams and improve return on invested capital through its real-time data platforms and green chemistry technologies. Flotek serves downstream, midstream, and upstream customers, both domestic and international. Flotek is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol “FTK.” For additional information, please visit www.flotekind.com.

About Resolute Oil

Resolute Oil is a global supplier of specialty hydrocarbon products to many markets, including agriculture, oil and gas, ink, cosmetics, and personal care. Our products include highly refined technical-, NF-, and USP-grade white mineral oils, base oils, low-aromatic solvents, and petrolatum. The team at Resolute Oil has decades of experience, and we take pride in providing industry-best customer service. Resolute Oil has worldwide storage, production, and packaging capabilities. Our MaxPar®, MaxPure®, MaxNap®, MaxSol®, and MaxSolv® brands are universally recognized for purity, performance, and consistency. Resolute Oil also works with customers to develop and blend application-specific formulations in our state-of-the-art labs. To learn more, visit resoluteoil.com.

Forward-Looking Statements

Certain statements set forth in this press release constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.’s business, financial condition, results of operations and prospects. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this press release.  Although forward-looking statements in this press release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management.  Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements.  Further information about the risks and uncertainties that may impact the Company are set forth in the Company’s most recent filing with the Securities and Exchange Commission on Form 10-K (including, without limitation, in the “Risk Factors” section thereof), and in the Company’s other SEC filings and publicly available documents.  Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this press release.

Release – CoreCivic Announces 2021 Second Quarter Earnings Release and Conference Call Dates

Posted on by Admin


CoreCivic Announces 2021 Second Quarter Earnings Release and Conference Call Dates

 

BRENTWOOD, Tenn., July 27, 2021 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2021 second quarter financial results after the market closes on Monday, August 9, 2021.  

A live broadcast of CoreCivic’s conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Tuesday, August 10, 2021, and will be accessible through the Company’s website at www.corecivic.com under the “Events & Presentations” section of the “Investors” page. The live broadcast can also be accessed by dialing 800-353-6461 in the U.S. and Canada, including the confirmation passcode 7244786. An online replay of the call will be archived on our website promptly following the conference call. In addition, there will be a telephonic replay available beginning at 1:00 p.m. central time (2:00 p.m. eastern time) on August 10, 2021, through 1:00 p.m. central time (2:00 p.m. eastern time) on August 18, 2021. To access the telephonic replay, dial 888-203-1112 in the U.S. and Canada. International callers may dial +1 719-457-0820 and enter passcode 7244786.

About CoreCivic

CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good.

Contact:    Investors: Cameron Hopewell – Managing Director, Investor Relations – (615) 263-3024

Media: Steve Owen – Vice President, Communications – (615) 263-3107

Grindrod Shipping (GRIN) – Another Positive Move to Acquire JV Interest

Posted on by Admin

Tuesday, July 27, 2021

Grindrod Shipping (GRIN)
Another Positive Move to Acquire JV Interest

Grindrod Shipping, originated in South Africa with roots dating back to 1910. The company is based in Singapore, with offices around the world including, London, Durban, Cape Town, Tokyo and Rotterdam. Its primary listing is on Nasdaq and secondary listing on the JSE.

Grindrod Shipping owns and operates a diversified fleet of owned, long-term chartered and joint-venture dry-bulk and liquid-bulk vessels across the globe.

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

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

    Remaining IVS Bulk joint venture interest of 31.1% acquired for $46.3 million. We view this move as positive since it effectively expands the fleet by four (two Supras/Two Handys) and eliminates another joint venture interest. Pricing is based on May 13th appraisal and April 30th financials. Funding will be comprised of combo of IVS Bulk existing cash and a new credit line of $23 million to redeem IVS preferred and existing GRIN cash after IVS Bulk preferred redemption.

    Dry bulk market thesis intact.  Supply/demand fundamentals appear favorable and 1H2021 TCE rate performance has been better than expected. The order book and supply growth remain historically low due to rate volatility, regulatory uncertainty and declining capital availability, while demand should rebound on the back of global stimulus packages and solid secular minor bulk trends. CEO Martyn Wade …



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. 

Euroseas Ltd. (ESEA) – Positive Impact of Another Oakland Rate Reset

Posted on by Admin

Tuesday, July 27, 2021

Euroseas Ltd. (ESEA)
Positive Impact of Another Oakland Rate Reset

Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables; and drybulk carriers that transport iron ore, coal, grains, bauxite, phosphate, and fertilizers. As of March 31, 2017, it had a fleet of seven containerships; and six drybulk carriers, including three Panamax drybulk carriers, one Handymax drybulk carrier, one Kamsarmax drybulk carrier, and one Ultramax drybulk carrier. The company was founded in 2005 and is based in Maroussi, Greece.

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

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

    Another positive reset on the Oakland intermediate. Yesterday morning, the fleet employment table was updated on the web site to show that the TCE rate on the Oakland had moved up to $64.7k/day over the weekend versus the last reset of $38.0k/day in April. The reset is the last one under a charter that is based on 90 percent of the Contex index for 4,250 TEU vessels, which had moved up into the more than $70.0k/day range. Once the current charter ends in late October, the Oakland is likely to move onto a longer term charter.

    Tight supply and higher container rates are positives for upcoming charters.  According to Contex indices, rates have moved up by more than 40% over the past several weeks. Our current estimates assume that the feeders (Spetses/Diamantis/Corfu/Evridiki) will soon secure longer term work at charter rates in the $20.0k—$25.0k/day range …



This 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. 

Comtech (CMTL) – Add Arizona to the NG911 Client List

Posted on by Admin

Tuesday, July 27, 2021

Comtech (CMTL)
Add Arizona to the NG911 Client List

Comtech Telecommunications Corp. engages in the design, development, production, and marketing of products, systems, and services for advanced communications solutions in the United States and internationally. It operates in three segments: Telecommunications Transmission, Mobile Data Communications, and RF Microwave Amplifiers. The Telecommunications Transmission segment provides satellite earth station equipment and systems, over-the-horizon microwave systems, and forward error correction technology, which are used in various commercial and government applications, including backhaul of wireless and cellular traffic, broadcasting (including HDTV), IP-based communications traffic, long distance telephony, and secure defense applications. The Mobile Data Communications segment provides mobile satellite transceivers, and computers and satellite earth station network gateways and associated installation, training, and maintenance services; supplies and operates satellite packet data networks, including arranging and providing satellite capacity; and offers microsatellites and related components. The RF Microwave Amplifiers segment designs, develops, manufactures, and markets satellite earth station traveling wave tube amplifiers (TWTA) and broadband amplifiers. Its amplifiers are used in broadcast and broadband satellite communication; defense applications, such as telecommunications systems and electronic warfare systems; and commercial applications comprising oncology treatment systems, as well as to amplify signals carrying voice, video, or data for air-to-satellite-to-ground communications. The company serves satellite systems integrators, wireless and other communication service providers, broadcasters, defense contractors, military, governments, and oil companies. Comtech markets its products through independent representatives and value-added resellers. The company was founded in 1967 and is headquartered in Melville, New York.

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

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

    Arizona Award. Comtech has been awarded a $35.8 million contract to deploy NG911 technologies and services to the state of Arizona. The contract includes implementing Comtech’s NG911 solutions to provide citizens with advanced communication capabilities when calling for emergency services including police, fire, and emergency medical services. The contract can be broken down to $23.5 million, with $12.3 million related to a multi-year extension option.

    Frost & Sullivan Award.  Comtech was recognized by Frost & Sullivan for registering the most significant y-o-y market share increase among all NG911 primary contract holders. F&S puts Comtech’s market share at 26.2% in 2020, up from 17.3% in 2019. By closing statewide contracts in Pennsylvania, Ohio, South Carolina, and now Arizona, Comtech’s direct NG911 contracts now represent a population of over …



This 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 – TherapeuticsMD to Report Second Quarter 2021 Results on August 4 2021

Posted on by Admin


TherapeuticsMD to Report Second Quarter 2021 Results on August 4, 2021

 

-Executive Management to Host Conference Call on 
August 4, 2021 at 
8:30 a.m. ET–

BOCA RATON, Fla.–(BUSINESS WIRE)–Jul. 26, 2021– 
TherapeuticsMD, Inc. (NASDAQ: TXMD), an innovative, leading women’s healthcare company, today announced that it will report its second quarter 2021 financial results on 
Wednesday, August 4, 2021, before the opening of the 
U.S. financial markets. Following the announcement, executive management will host a conference call and webcast at 
8:30 a.m. ET to discuss the Company’s financial results and provide a business update.

Conference Call & Audio Webcast Details

Date

Wednesday, August 4, 2021

Time

8:30 a.m. ET

Telephone Access: 
U.S. and 
Canada

866-665-9531

Telephone Access: International

724-987-6977

Access Code For All Callers

7736027

Live Audio Webcast

www.therapeuticsmd.com
See Home Page or “Investors & Media” Section

A live webcast and audio archive for the event may be accessed on the home page or from the “Investors & Media” section of the 
TherapeuticsMD website at www.therapeuticsmd.com. Please connect to the website prior to the start of the presentation to ensure adequate time for any software downloads that may be necessary to listen to the webcast. A replay of the webcast will be archived on the website for at least 30 days. In addition, a digital recording of the conference call will be available for replay beginning two hours after the call’s completion and for at least 30 days with the dial-in 855-859-2056 or international 404-537-3406 and Conference ID: 7736027.

About TherapeuticsMD

TherapeuticsMD, Inc. is an innovative, leading healthcare company, focused on developing and commercializing novel products exclusively for women. Our products are designed to address the unique changes and challenges women experience through the various stages of their lives with a therapeutic focus in family planning, reproductive health, and menopause management. The company is committed to advancing the health of women and championing awareness of their healthcare issues. To learn more about 
TherapeuticsMD, please visit therapeuticsmd.com or follow us on Twitter: @TherapeuticsMD and on Facebook: 
TherapeuticsMD.

Forward Looking Statements

This press release by 
TherapeuticsMD, Inc. may contain forward-looking statements. Forward-looking statements may include, but are not limited to, statements relating to TherapeuticsMD’s objectives, plans and strategies as well as statements, other than historical facts, that address activities, events or developments that the company intends, expects, projects, believes or anticipates will or may occur in the future. These statements are often characterized by terminology such as “believes,” “hopes,” “may,” “anticipates,” “should,” “intends,” “plans,” “will,” “expects,” “estimates,” “projects,” “positioned,” “strategy” and similar expressions and are based on assumptions and assessments made in light of management’s experience and perception of historical trends, current conditions, expected future developments and other factors believed to be appropriate. Forward-looking statements in this press release are made as of the date of this press release, and the company undertakes no duty to update or revise any such statements, whether as a result of new information, future events or otherwise. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, many of which are outside of the company’s control. Important factors that could cause actual results, developments and business decisions to differ materially from forward-looking statements are described in the sections titled “Risk Factors” in the company’s filings with the 
Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as well as reports on Form 8-K, and include the following: the effects of the COVID-19 pandemic; the company’s ability to maintain or increase sales of its products; the company’s ability to develop and commercialize IMVEXXY®, ANNOVERA®, and BIJUVA® and obtain additional financing necessary therefor; whether the company will be able to comply with the covenants and conditions under its term loan facility; whether the company will be able to successfully divest its vitaCare business and the proceeds that may be generated by such divestiture; the potential of adverse side effects or other safety risks that could adversely affect the commercialization of the company’s current or future approved products or preclude the approval of the company’s future drug candidates; whether the FDA will approve the lower dose of BIJUVA; the company’s ability to protect its intellectual property, including with respect to the Paragraph IV notice letters the company received regarding IMVEXXY and BIJUVA; the length, cost and uncertain results of future clinical trials; the company’s reliance on third parties to conduct its manufacturing, research and development and clinical trials; the ability of the company’s licensees to commercialize and distribute the company’s products; the ability of the company’s marketing contractors to market ANNOVERA; the availability of reimbursement from government authorities and health insurance companies for the company’s products; the impact of product liability lawsuits; the influence of extensive and costly government regulation; the volatility of the trading price of the company’s common stock and the concentration of power in its stock ownership.

Investor Contact

In-Site Communications, Inc.
Lisa M. Wilson
212-452-2793
[email protected]

Media Contact
Kristen Landon
Vice President, 
Marketing and Corporate Communications
561-961-1900
[email protected]

Source: 
TherapeuticsMD, Inc.

Release – Comtech Telecommunications Corp. Awarded 35.8 Million Contract to Deploy Next Generation 911 Technologies and Services

Posted on by Admin


Comtech Telecommunications Corp. Receives Award from Frost & Sullivan as Growth Leader in Next Generation 911 Technologies and Services

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Jul. 26, 2021– 
July 26, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a global leading provider of next-generation 911 emergency systems and secure wireless communications technologies, announced that, during its fourth quarter of fiscal 2021, its Safety & Security Technologies (“SST”) group, which is part of Comtech’s Commercial Solutions segment, was awarded a multi-year statewide contract valued at 
$35.8 million to design, deploy, and operate Next Generation 911 (“NG911”) services for the 
State of Arizona. Total contract value includes a multi-year contract extension option. Excluding such option, the contract is valued at 
$23.5 million.

The contract awarded to 
Comtech includes implementing Comtech’s NG911 solutions to provide citizens with advanced communication capabilities when calling for emergency services, including police, fire and emergency medical services. Through use of Comtech’s Next Generation Core Services (“NGCS”), the 
State of Arizona will be able to offer a seamless, coordinated and efficient NG911 system to all the State’s local 911 centers. The award also includes an ability for 
Arizona to purchase Comtech’s market leading Solacom Call Handling solutions for PSAPs and includes Comtech’s new CyberSecurity software training program that will be available for employees on a statewide basis.

“Comtech has a strong presence in 
Arizona, having recently expanded operations in Chandler, because of Arizona’s support and focus on business. We are honored that 
Comtech has now been entrusted with this important work to enable statewide access to highly reliable advanced communication systems for emergency services for the citizens of 
Arizona and are delighted that we will also be able to offer our new CyberSecurity software training solutions to help prevent and reduce cyber-attacks on this mission critical system. We have a long-history of being a partner with the 
State of Arizona and are delighted that we have been selected to deliver our market-leading solutions and the highest performance and reliability standards to support mission-critical emergency services,” said  Fred Kornberg, Chairman of the Board and Chief Executive Officer of 
Comtech Telecommunications Corp.

Comtech’s highly reliable technologies enable the successful handling of over five million 911 calls and texts each month. For more information about Comtech’s 911 products and services, visit www.comtech911.com.

Comtech Telecommunications Corp. is a leading provider of next-generation 911 emergency systems and critical wireless communication 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 to customers in more than 100 countries. 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.

Investor Relations:
631-962-7005
[email protected]

Source: 
Comtech Telecommunications Corp.