Page 348 – Channelchek

Release – Kratos Defense & Security Solutions Schedules Second Quarter 2023 Earnings Conference Call for Thursday, August 3rd

Posted on July 25, 2023July 25, 2023 by aweinsoff@channelchek.com

July 25, 2023 at 8:00 AM EDT

SAN DIEGO, July 25, 2023 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it will publish financial results for the second quarter 2023 after the close of market on Thursday, August 3^rd. Management will discuss the Company’s operations and financial results in a conference call beginning at 2:00 p.m. Pacific (5:00 p.m. Eastern).

The call will be available at www.kratosdefense.com. Participants may register for the call using this Online Form. Upon registration, all telephone participants will receive the dial-in number along with a unique PIN that can be used to access the call. For those who cannot access the live broadcast, a replay will be available on Kratos’ website.

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a Technology Company that develops and fields transformative, affordable systems, products and solutions for United States National Security, our allies and global commercial enterprises. At Kratos, Affordability is a Technology, and Kratos is changing the way breakthrough technology is rapidly brought to market – at a low cost – with actual products, systems, and technologies rather than slide decks or renderings. Through proven commercial and venture capital backed approaches, including proactive, internally funded research and streamlined development processes, Kratos is focused on being First to Market with our solutions, well in advance of competition. Kratos is the recognized Technology Disruptor in our core market areas, including Space and Satellite Communications, Cyber Security and Warfare, Unmanned Systems, Rocket and Hypersonic Systems, Next-Generation Jet Engines and Propulsion Systems, Microwave Electronics, C5ISR and Virtual and Augmented Reality Training Systems. For more information, visit www.KratosDefense.com.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source:

Release – Largo to Release Second Quarter 2023 Financial Results on August 9, 2023

Posted on July 25, 2023July 25, 2023 by aweinsoff@channelchek.com

Research News and Market Data on LGO

TORONTO–(BUSINESS WIRE)– Largo Inc. (“Largo” or the “Company”) (TSX: LGO) (NASDAQ: LGO) will release its second quarter 2023 financial results on Wednesday, August 9, 2023 after the close of market trading. Additionally, the Company will host a webcast and conference call to discuss its second quarter 2023 results and other updates on Thursday, August 10 at 1:00 p.m. ET.

To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/3rk2Eqz to receive an instant automated call back.

You may also dial direct to be entered to the call by an operator using the dial-in details provided below.

Conference Call Details
Date:		Thursday, August 10, 2023
Time:		1:00 p.m. ET
Dial-in Number:		Local: +1 (416) 764-8650
Dial-in Number:		North American Toll Free: +1 (888) 664-6383
Conference ID:		72903885
Webcast Registration Link:		https://app.webinar.net/YkB4eW6Ey1v
RapidConnect Link		https://emportal.ink/3rk2Eqz
Replay Number:		Local / International: + 1 (416) 764-8677
		North American Toll Free: +1 (888) 390-0541
		Replay Passcode: 903885#
Website:		To view press releases or any additional financial information, please visit the Investor Resources section of the Company’s website at: https://www.largoinc.com/investors/Overview

About Largo

Largo has a long and successful history as one of the world’s preferred vanadium companies through the supply of its VPURE^TM and VPURE+^TM products, which are sourced from one of the world’s highest-grade vanadium deposits at the Company’s Maracás Menchen Mine in Brazil. Aiming to enhance value creation at Largo, the Company is in the process of implementing an ilmenite concentration plant using feedstock sourced from its existing operations in addition to advancing its U.S.-based clean energy division with its VCHARGE vanadium batteries. Largo’s VCHARGE vanadium batteries contain a variety of innovations, enabling an efficient, safe and ESG-aligned long duration solution that is fully recyclable at the end of its 25+ year lifespan. Producing some of the world’s highest quality vanadium, Largo’s strategic business plan is based on two pillars: 1.) leading vanadium supplier with an outlined growth plan and 2.) U.S.-based energy storage business to support a low carbon future.

Largo’s common shares trade on the Nasdaq Stock Market and on the Toronto Stock Exchange under the symbol “LGO”. For more information on the Company, please visit www.largoinc.com.

For further information:

Investor Relations
Alex Guthrie
Senior Manager, External Relations
+1.416.861.9778
aguthrie@largoinc.com

Source: Largo Inc.

Release – CVG Announces Second Quarter 2023 Earnings Call

Posted on July 25, 2023July 25, 2023 by aweinsoff@channelchek.com

Research News and Market Data on CVGI

JULY, 25, 2023

NEW ALBANY, Ohio, July 25, 2023 (GLOBE NEWSWIRE) — CVG (NASDAQ: CVGI) will hold its quarterly conference call on Wednesday, August 2, 2023, at 10:00 a.m. ET, to discuss second quarter 2023 financial results. CVG will issue a press release and presentation prior to the conference call.

Toll-free participants dial (888) 259-6580 using conference code 34051647. International participants dial (416) 764-8624 using conference code 34051647. This call is being webcast and can be accessed through the “Investors” section of CVG’s website at ir.cvgrp.com where it will be archived for one year.

A telephonic replay of the conference call will be available until August 16, 2023. To access the replay, toll-free callers can dial (877) 674-7070 using access code 051647.

About CVG

At CVG, we deliver real solutions to complex design, engineering and manufacturing problems while creating positive change for our customers, industries, and communities we serve. Information about the Company and its products is available on the internet at www.cvgrp.com.

Investor Relations Contact:
Ross Collins or Stephen Poe
Alpha IR Group
CVGI@alpha-ir.com

Source: Commercial Vehicle Group, Inc.

Release – ACCO Brands Corporation Announces Second Quarter 2023 Earnings Webcast

Posted on July 25, 2023July 25, 2023 by aweinsoff@channelchek.com

Research News and Market Data on ACCO

07/25/2023

LAKE ZURICH, Ill.–(BUSINESS WIRE)– ACCO Brands Corporation (NYSE: ACCO) today announced that it will release its second quarter 2023 earnings after the market close on August 8, 2023. The Company will host a conference call and webcast to discuss the results on August 9 at 8:30 a.m. EST. The webcast can be accessed through the Investor Relations section of www.accobrands.com and will be available for replay.

About ACCO Brands Corporation

ACCO Brands, the Home of Great Brands Built by Great People, designs, manufactures and markets consumer and end-user products that help people work, learn, play and thrive. Our widely recognized brands include AT-A-GLANCE®, Five Star®, Kensington®, Leitz®, Mead®, PowerA®, Swingline®, Tilibra® and many others. More information about ACCO Brands Corporation (NYSE: ACCO) can be found at www.accobrands.com.

Christopher McGinnis
Investor Relations
(847) 796-4320

Lori Conley
Media Relations
(937) 495-4949

Source: ACCO Brands Corporation

Tonix Pharmaceuticals (TNXP) – New Tianeptine Data In Memory and Cognition Announced

Posted on July 25, 2023July 25, 2023 by cpereira@noblefcm.com

Tuesday, July 25, 2023

Tonix is a clinical-stage biopharmaceutical company focused on discovering, licensing, acquiring and developing therapeutics and diagnostics to treat and prevent human disease and alleviate suffering. Tonix’s portfolio is composed of immunology, rare disease, infectious disease, and central nervous system (CNS) product candidates. Tonix’s immunology portfolio includes biologics to address organ transplant rejection, autoimmunity and cancer, including TNX-15001 which is a humanized monoclonal antibody targeting CD40-ligand being developed for the prevention of allograft and xenograft rejection and for the treatment of autoimmune diseases. A Phase 1 study of TNX-1500 is expected to be initiated in the second half of 2022. Tonix’s rare disease portfolio includes TNX-29002 for the treatment of Prader-Willi syndrome. TNX-2900 has been granted Orphan-Drug Designation by the FDA. Tonix’s infectious disease pipeline includes a vaccine in development to prevent smallpox and monkeypox called TNX-8013, next-generation vaccines to prevent COVID-19, and an antiviral to treat COVID-19. Tonix’s lead vaccine candidates for COVID-19 are TNX-1840 and TNX-18504, which are live virus vaccines based on Tonix’s recombinant pox vaccine (RPV) platform. TNX-35005 (sangivamycin, i.v. solution) is a small molecule antiviral drug to treat acute COVID-19 and is in the pre-IND stage of development. TNX-102 SL6, (cyclobenzaprine HCl sublingual tablets), is a small molecule drug being developed to treat Long COVID, a chronic post-acute COVID-19 condition. Tonix expects to initiate a Phase 2 study in Long COVID in the second quarter of 2022. The Company’s CNS portfolio includes both small molecules and biologics to treat pain, neurologic, psychiatric and addiction conditions. Tonix’s lead CNS candidate, TNX-102 SL, is in mid-Phase 3 development for the management of fibromyalgia with a new Phase 3 study launched in the second quarter of 2022. Finally, TNX-13007 is a biologic designed to treat cocaine intoxication that is expected to start a Phase 2 trial in the second quarter of 2022. TNX-1300 has been granted Breakthrough Therapy Designation by the FDA.

Robert LeBoyer, Senior Vice President, Equity Research Analyst, Biotechnology, Noble Capital Markets, Inc.

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

New Tianeptine Data In Memory and Cognition. Tonix announced new preclinical findings for tianeptine, the active molecule in two pipeline products. The two products are TNX-601 EP, in development for major depressive disorder, and TNX-4300, in preclinical development for Alzheimer’s disease, Parkinson’s disease, and mood disorders. The TNX-601 Phase 2 UPLIFT trial is expected to release results in 1Q24.

New Data Supports Previous Tianeptine Findings. As discussed in our Research Note on May 30, Tonix presented data showing that tianeptine restores neuronal sprouting and reconnections in cell culture. The data showed its two isomers have different targets, with the (S)-isomer affecting neuroplasticity, and the (R)-isomer binding to the mu-opioid receptor and causing undesirable off-target effects. A new molecule, TNX-4300 or estianeptine, was developed as a purified version containing only the (S)-isomer.

Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

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.

Great Lakes Dredge & Dock (GLDD) – Notice to Proceed Received on Great Lakes’ Largest Contract Ever

Posted on July 25, 2023July 25, 2023 by cpereira@noblefcm.com

Tuesday, July 25, 2023

Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States. In addition, Great Lakes is fully engaged in expanding its core business into the rapidly developing offshore wind energy industry. The Company has a long history of performing significant international projects. The Company employs experienced civil, ocean and mechanical engineering staff in its estimating, production and project management functions. In its over 131-year history, the Company has never failed to complete a marine project. Great Lakes owns and operates the largest and most diverse fleet in the U.S. dredging industry, comprised of approximately 200 specialized vessels. Great Lakes has a disciplined training program for engineers that ensures experienced-based performance as they advance through Company operations. The Company’s Incident-and Injury-Free® (IIF®) safety management program is integrated into all aspects of the Company’s culture. The Company’s commitment to the IIF® culture promotes a work environment where employee safety is paramount.

Joe Gomes, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

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

NextDecade NTP. Great Lakes received a Notice to Proceed from NextDecade Corporation for essential improvements to the Brownsville Ship Channel for NextDecade’s Rio Grande LNG project. Although the value of the contract was not specified, management noted the project is the largest undertaken by Great Lakes’ in the Company’s 133-year history, with the previous record project approximately $270 million. The project is expected to begin later in 2023.

Details. The work includes deepening the entrance channel to the western end of the RGLNG property also known as Phase 1 of the Brazos Island Harbor Channel Improvements. This also includes the development of two ship berths and turning basin for the Rio Grande LNG facility. This project will enhance commercial navigation into and out of the Port of Brownsville and ensure the safe and reliable access of LNG carriers to the Rio Grande LNG facility.

Get the Full Report

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

Aurania Resources (AUIAF) – Maintaining a Firm Footing in Ecuador with an Eye Toward France

Posted on July 25, 2023July 25, 2023 by cpereira@noblefcm.com

Tuesday, July 25, 2023

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

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

Looking ahead. Through a wholly owned French subsidiary, Aurania Resources applied for an exploration license in the Brittany Peninsula of northwestern France. The concession area has historically been the site of significant high-grade gold finds. Aurania’s interest in the area is attributed to the discovery of several exceptionally high-grade gold samples, two on display at the Natural History Museum in Paris and one in the possession of a private collector, from the same locale. A December 2022 visit to the place of origin revealed abundant quartz vein material on surface along with evidence of mining activity in the 1800s.

Reaching an accommodation in Ecuador. On July 31, Dr. Keith Barron, Aurania’s CEO, will meet with Ecuador’s Minister of Energy and Mines to discuss options to recover concessions that were initially applied for in 2016 but not granted. Because the concessions were initially held in reserve for Aurania, the company conducted airborne geophysics that revealed over 100 discrete magnetic porphyry type targets in the concession area held in reserve. Please refer to our research noted dated June 16, 2023 for more detail.

Get the Full Report

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

Stock Market Imbalance Has Fastest Increase in 60 Years

Posted on July 25, 2023July 25, 2023 by phoffman@channelchek.com

The Warning Signs that the Mega-Cap Era Is Coming to an End are Growing

By Monday of next week, the Nasdaq 100 will be rebalanced to reduce the weighting of its top holdings and add weight to the smaller companies represented. This event can be grouped with the number of experts and outlets waving yellow and red flags warning U.S. stock market investors about the reliance on mega-caps for continued performance. The number of warnings has been increasing. The original purpose of any index is to measure overall market or sector performance. Currently reported performance in the most popular indexes is dependent on five to ten mega-cap names – this trend is not sustainable through time. JP Morgan (JPM) is the most recent firm to warn about an extreme concentration of a few stocks.

JPMorgan Chase & Co.’s equity analysts, led by Chief Global Markets Strategist Marko Kolanovic, warn that overweighting towards very few companies of extremely large-cap stocks could spell trouble ahead. In a research note published on July 24, the firm writes historically, such periods of extreme concentration have often led to negative outcomes. In fact, the current level of concentration is growing at the fastest pace since the 1960s, surpassing even the extremes seen during the infamous dot-com bubble in March 2000.

To illustrate the stark divergence between the largest U.S.-listed companies and the rest of the market, the JPM team compared the six-month change in the index weighting of the ten largest stocks in the S&P 500 with that of the next 40. This analysis revealed that over the past six months, the divergence has widened in favor of the biggest companies, reaching levels comparable to the “Nifty 50” era of the 1960s—a period when large-cap stocks were highly favored by investors.

Crowding in growth stocks represented in the S&P 500 is currently at the 97th percentile historically. This is a level not seen since the dot-com bubble period. While the team provided extensive data and analysis to support their concerns about overconcentration, they were less definitive about the timing or specific implications for the market.

A selloff is expected and appears likely according to JPM; predicting its timing is more challenging. The team pointed out several potential catalysts, such as a deep recession or a sudden resurgence of inflationary pressures, but it remains uncertain when the downturn may begin. Nonetheless, the JPM team believes that the peak in concentration will coincide with waning investor interest in the generative AI/large-language model theme, a trend that has contributed this year to the significant divergence in equity performance.

In light of Monday’s special rebalancing of the Nasdaq-100, the JPMorgan team suggested that this move could potentially mitigate concentration risk by easing the outperformance of mega-cap technology stocks, including Apple Inc., Microsoft Corp., Nvidia Corp., and Alphabet Inc., which have been major beneficiaries of the AI boom. If a larger percentage of dollars entering large-cap funds find their way to the ticker symbols below the giants at the top, the pace at which the markets have become unbalanced may slow or correct without a major problem.

The JPM team pointed out that if correct, speculators may capitalize on this by considering that the S&P 500 equal weight may be in a position to outperform the S&P 500 traditional weight methodology products over the next three to six months.

Interestingly, there are already signs that the overconcentration problem highlighted by JPMorgan are beginning to ease. Over the last month, the S&P 500 equal-weighted index has outperformed its market-cap-weighted counterpart by 2 percentage points, according to FactSet data.

Despite these concerns, the U.S. stock market closed higher on Monday, with the Dow Jones Industrial Average booking its 11th consecutive daily gain, marking its longest winning streak in nearly six years. The performance of the value-heavy Dow, which has been catching up, while the year-to-date rally of mega-cap tech stocks has stalled, highlights the ongoing dynamics in the market.

Take Away

While some market gurus like Michael Burry have been warning of a bubble brought about by index funds, since 2019, the weighting in indexes have only increased. By the last day in July, the Nasdaq 100 will have taken steps to relieve some of the pressure by shrinking the weighting of the top holdings. JP Morgan analysts are still concerned that the trend is strong and can end with a catalyst triggering an unwinding and move away from the larger high P/E names.

Paul Hoffman

Managing Editor, Channelchek

Sources

https://insight.factset.com/topic/companies-and-markets?_ga=2.236820420.453682497.1690312070-153117876.1690312070&_gac=1.92287727.1690312086.Cj0KCQjw5f2lBhCkARIsAHeTvlgwKsM2zr6tQTIKuToXNk5q7Ukbankb732U4FD1PQ7yHveCJjDgyA0aAkF9EALw_wcB&_gl=1*3sxwh5*_ga*MTUzMTE3ODc2LjE2OTAzMTIwNzA.*_ga_2Q3PTT96M8*MTY5MDMxMjA3MS4xLjEuMTY5MDMxMjA5MC4wLjAuMA..

https://www.marketwatch.com/story/overconcentration-in-u-s-stock-market-has-reached-highest-level-in-60-years-jpmorgan-warns-6f8a0766?mod=hp_LATEST&adobe_mc=MCMID%3D04828691964107368544310185344499067435%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1690290760

The Reasons for Warren Buffett’s Increased Oil and Gas Appetite

Posted on July 25, 2023July 25, 2023 by phoffman@channelchek.com

Berkshire Hathaway Finds ESG Concerns Are a Plus for Oil and Gas Investments

Warren Buffett’s Berkshire Hathaway is capitalizing on the current commodity price dip to expand its oil and gas sector stake. This year, Berkshire committed $3.3 billion to increase its ownership in a liquefied natural gas export terminal in Maryland. Additionally, it raised its stake in Occidental Petroleum Corp. by 15% and acquired more shares in five Japanese commodity traders. The company is also lobbying for increased financial support for natural gas power plants.

Warren Buffett, the Oracle of Omaha, demonstrated how he earned the “oracle” title during the most uncertain days of the pandemic, by investing heavily in oil and gas. The sector has had impressive returns as it posted record earnings in 2022. The 92-year-old Buffett is not booking the massive gains by selling; instead Buffett is selectively adding to positions.

Are Buffett’s investment moves classic bargain-hunting, with the energy sector possibly undervalued tied to environmental, social, and governance concerns, as well as an anticipation of declining demand for fossil fuels in the future? Based on standard metrics, the energy sector is undervalued. According to data from Bloomberg, energy now trades at the lowest price-to-earnings valuation among all sectors in the S&P 500 Index, at the same time it generates the most cash flow per share. And, as a help to the industry, Berkshire’s energy division is actively lobbying for a bill that would allocate at least $10 billion to natural gas-fired power plants in Texas to support the state’s grid.

His approach in the sector is obviously deliberate and narrowly targeted. Despite Buffett’s interest in energy, his fossil fuel investments aren’t without nuances. For example, Berkshire remains the third-largest shareholder in Chevron Corp., even after it reduced its stake by about 21% in the first quarter. Each investment in companies like Occidental and Cove Point LNG has unique aspects that position them as valuable assets in the global energy landscape, regardless of the path that any U.S. or global energy transition takes.

Buffett believes that shale, a substantial part of U.S. oil production, is different and even preferred over conventional sources of oil in the Middle East and Russia. One difference is taking shale from the ground and into production can be done more quickly and have a shorter production lifespan. This provides flexibility for operators to adapt to changes in oil demand and prices. At Berkshire’s annual meeting in May, Buffett emphasized making rational decisions about energy production and criticized both extremes in the climate debate.

One of Buffett’s nuanced and targeted energy investments is Cove Point LNG. It not only exports liquefied gas but also has the rare capability to import gas, making it more versatile than other facilities along the Gulf Coast. With rising global LNG demand driven by Europe’s shift away from Russian gas and Asia’s use of gas for power generation, Cove Point’s long-term contracts with buyers, including Tokyo Gas Co. and Sumitomo Corp., make it appealing. Berkshire is Sumitomo’s second-largest shareholder after the Japanese government’s pension fund.

Outside of its stock holdings, Berkshire Hathaway Energy, under the leadership of Buffett’s expected successor Greg Abel, has been performing well. Earnings for the division hit a record high of $3.9 billion in 2022, nearly doubling over five years.

Take Away

The world’s appetite for energy, whether from fossil fuels or renewables, seems insatiable; even amid a global penchant to reduce fossil fuel use, oil demand is expected to continue rising throughout the decade. While environmental concerns have caused some investors to shy away from the energy sector, Buffett’s investments demonstrate his belief that ESG considerations are keeping oil and gas stocks attractively priced. Market participants prioritizing ESG, therefore, presents an opportunity for Berkshire to profit further from its strategic investments in the oil and gas sector.

Paul Hoffman

Managing Editor, Channelchek

Sources

https://www.barrons.com/livecoverage/berkshire-hathaway-warren-buffett-annual-shareholder-meeting

https://www.bloomberg.com/news/articles/2023-07-25/buffett-lifts-fossil-fuel-bets-as-global-esg-push-mints-bargains

Release – DLH to Announce Fiscal 2023 Third Quarter Financial Results

Posted on July 24, 2023July 24, 2023 by aweinsoff@channelchek.com

Research News and Market Data on DLHC

July 24, 2023

ATLANTA, July 24, 2023 (GLOBE NEWSWIRE) — DLH Holdings Corp. (NASDAQ: DLHC) (“DLH” or the “Company”), a leading healthcare and human services provider to the federal government, will release financial results for its fiscal third quarter ended June 30, 2023 on August 2, 2023 after the market closes. DLH will then host a conference call for the investment community at 10:00 a.m. Eastern Time the following day, August 3, 2023, during which members of senior management will make a brief presentation focused on the financial results and operating trends. A question-and-answer session will follow.

Interested parties may listen to the conference call by dialing 888-347-5290 or 412-317-5256. Presentation materials will also be posted on the Investor Relations section of the DLH website prior to the commencement of the conference call. A digital recording of the conference call will be available for replay two hours after the completion of the call and can be accessed on the DLH Investor Relations website or by dialing 877-344-7529 and entering the conference ID 5343381.

About DLH

DLH (NASDAQ:DLHC) delivers improved health and national security readiness solutions for federal programs through science research and development, systems engineering and integration, and digital transformation. The Company’s experts in public health, performance evaluation, and health operations solve the complex problems faced by civilian and military customers alike, leveraging digital transformation, artificial intelligence, advanced analytics, cloud-based applications, telehealth systems, and more. With over 3,200 employees dedicated to the idea that “Your Mission is Our Passion,” DLH brings a unique combination of government sector experience, proven methodology, and unwavering commitment to innovation to improve the lives of millions. For more information, visit www.DLHcorp.com.

INVESTOR RELATIONS
Contact: Chris Witty
Phone: 646-438-9385
Email: cwitty@darrowir.com

Release – GeoVax Announces Issuance of Ebola Vaccine Patent

Posted on July 24, 2023July 24, 2023 by aweinsoff@channelchek.com

Research News and Market Data on GOVX

Addressing Multiple Strains of Ebolavirus

Atlanta, GA, July 24, 2023 – GeoVax Labs, Inc. (Nasdaq: GOVX), a biotechnology company developing immunotherapies and vaccines against cancers and infectious diseases, today announced that the U.S. Patent and Trademark Office has issued Patent No. 11,701,418 B2 to GeoVax, pursuant to the Company’s patent application No. 15/543,139 titled “Replication-Deficient Modified Vaccinia Ankara (MVA) and Matrix Protein (VP40).”

The claims granted by the patent generally cover GeoVax’s vector platform for expressing ebolavirus antigens in virus-like particles (VLPs) utilizing an MVA viral vector. The claims encompass multiple ebolavirus strains, including Sudan ebolavirus, Zaire ebolavirus, Taï Forest ebolavirus, and Reston ebolavirus.

GeoVax previously demonstrated that a single intramuscular (IM) dose of its vaccine candidate, GEO-EM01, provided 100% protection in rhesus macaques challenged with a lethal dose of Zaire ebolavirus (EBOV). GEO-EM01 is based on the Company’s novel MVA-VLP platform, which generates noninfectious VLPs in the individual being vaccinated. VLPs mimic a natural infection, triggering the body to produce a robust and durable immune response with both antibodies and T cells.

Additionally, in July 2021, the Company announced results of preclinical efficacy studies of its Sudan ebolavirus (SUDV) vaccine candidate, in which a single dose of the vaccine protected 100% of small animals challenged with a lethal dose of SUDV. Dr. Jason Comer of Sealy Institute for Vaccine Sciences, University of Texas Medical Branch (UTMB), recently discussed GeoVax’s Sudan virus vaccine efficacy. His presentation to the Global Health Preparedness Strategy and Priority Pathogens session at the 23^rd Annual World Vaccine Congress demonstrated partial protection following lethal Sudan virus challenge in a rigorous cynomolgus macaque model. This research project has been funded in whole or in part with Federal funds under a Preclinical Services Contract from the National Institute of Allergy and Infectious Diseases, part of the National Institutes of Health.

David Dodd, GeoVax President and CEO, commented, “While our focus and development priorities continue to be our COVID-19 vaccine and cancer immunotherapy programs, developing vaccines against lethal hemorrhagic fever viruses, represents our commitment to addressing highly fatal endemic threats throughout the world, as well as our support of critically important biodefense initiatives. This patent allowance adds to our growing portfolio of wholly owned, co-owned, and in-licensed intellectual property, now standing at over 115 granted or pending patent applications spread over 24 patent families.”

About GeoVax

GeoVax Labs, Inc. is a clinical-stage biotechnology company developing novel therapies and vaccines for solid tumor cancers and many of the world’s most threatening infectious diseases. The company’s lead program in oncology is a novel oncolytic solid tumor gene-directed therapy, Gedeptin^®, presently in a multicenter Phase 1/2 clinical trial for advanced head and neck cancers. GeoVax’s lead infectious disease candidate is GEO-CM04S1, a next-generation COVID-19 vaccine targeting high-risk immunocompromised patient populations. Currently in three Phase 2 clinical trials, GEO-CM04S1 is being evaluated as a primary vaccine for immunocompromised patients such as those suffering from hematologic cancers and other patient populations for whom the current authorized COVID-19 vaccines are insufficient, and as a booster vaccine in patients with chronic lymphocytic leukemia (CLL). In addition, GEO-CM04S1 is in a Phase 2 clinical trial evaluating the vaccine as a more robust, durable COVID-19 booster among healthy patients who previously received the mRNA vaccines. GeoVax has a leadership team who have driven significant value creation across multiple life science companies over the past several decades. For more information, visit our website: www.geovax.com.

Forward-Looking Statements

This release contains forward-looking statements regarding GeoVax’s business plans. The words “believe,” “look forward to,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Actual results may differ materially from those included in these statements due to a variety of factors, including whether: GeoVax is able to obtain acceptable results from ongoing or future clinical trials of its investigational products, GeoVax’s immuno-oncology products and preventative vaccines can provoke the desired responses, and those products or vaccines can be used effectively, GeoVax’s viral vector technology adequately amplifies immune responses to cancer antigens, GeoVax can develop and manufacture its immuno-oncology products and preventative vaccines with the desired characteristics in a timely manner, GeoVax’s immuno-oncology products and preventative vaccines will be safe for human use, GeoVax’s vaccines will effectively prevent targeted infections in humans, GeoVax’s immuno-oncology products and preventative vaccines will receive regulatory approvals necessary to be licensed and marketed, GeoVax raises required capital to complete development, there is development of competitive products that may be more effective or easier to use than GeoVax’s products, GeoVax will be able to enter into favorable manufacturing and distribution agreements, and other factors, over which GeoVax has no control.

Further information on our risk factors is contained in our periodic reports on Form 10-Q and Form 10-K that we have filed and will file with the SEC. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Investor Relations Contact:

Rich Cockrell

CG Capital

404-736-3838

govx@cg.capital

Media Contact:

Susan Roberts

sr@roberts-communications.com

202-779-0929

Release – The ODP Corporation Celebrates Sixth Year of its Start Proud! Program, Donates $2.5 Million in Back-to-School Essentials for Title I Schools Nationwide

Posted on July 24, 2023July 24, 2023 by aweinsoff@channelchek.com

Research News and Market Data on ODP

The Company’s Start Proud!^® Community Investment Program Empowers Students and Teachers to Start the New School Year Feeling Confident, Prepared and Proud

BOCA RATON, Fla.–(BUSINESS WIRE)–Jul. 24, 2023– The ODP Corporation (NASDAQ:ODP), a leading provider of products and services through an integrated business-to-business (B2B) distribution platform and omnichannel presence, today announced that over $2.5 million worth of educational supplies and equipment will be provided to students and teachers of Title I elementary schools across the country as a result of The ODP Corporation’s philanthropic program Start Proud!^® and the generosity of our many vendor partners, including Boise Paper, Domtar and Crayola^®.

Celebrating the sixth anniversary of the program, associate volunteers from The ODP Corporation—including Office Depot, ODP Business Solutions and VEYER—assembled 18,000 premium backpacks filled with over $2 million worth of school supplies—like notebooks, composition books, pencils, highlighters and more—to provide to students at nearly 30 Title I schools nationwide. Each backpack includes a box of Crayola^® crayons as part of a donation valued at $50,000 from Crayola^® to the Start Proud!^® program.

The second portion of Start Proud!^® kicks off in late September through October with a series of Title I teacher shopping sprees. With support from Domtar and Boise Paper, each school will also receive $20,000 in-store credit at Office Depot OfficeMax to benefit teachers by helping them with critical classroom essentials. This benefit helps alleviate the out-of-pocket purchases made by teachers, averaging $750–$1,000 each school year.^1,2

“Caring for the communities in which we live and work is a huge component of our culture, which we’re demonstrating by supporting students, families and teachers each year,” said Gerry Smith, chief executive officer for The ODP Corporation. “As high inflation continues to impact families and teachers across the nation, our steadfast commitment to Start Proud!^® enables students to start this school year confident, prepared and proud.”

The backpacks will be distributed at Start Proud!^® signature on-campus school pep rallies throughout August and September, where school administrators, teachers and The ODP Corporation associates are teaming up to host the celebratory events, unveil the donations and welcome students back to school during their first week. Eighteen exemplary teachers will also be selected by their principals and surprised with an All-Star Teacher award in recognition of their dedication to education and extraordinary contributions to the students beyond the classroom. Each All-Star Teacher will be surprised with products including new technology, furniture and teaching supplies valued at over $2,000.

The continued commitment to leading philanthropic initiatives like Start Proud!^® demonstrates The ODP Corporation’s dedication to supporting families and teachers nationwide.

¹Source: AdoptAClassroom.org, Teachers Spend $745 a Year on Supplies: The Cost of Distance Learning, June 15, 2020.
² Source: NewsDirect, Teachers Spending More Out of Pocket on School Supplies Than Ever Before, August 18, 2021.

About The ODP Corporation
The ODP Corporation (NASDAQ:ODP) is a leading provider of products and services through an integrated business-to-business (B2B) distribution platform and omnichannel presence, which includes world-class supply chain and distribution operations, dedicated sales professionals, a B2B digital procurement solution, online presence and a network of Office Depot and OfficeMax retail stores. Through its operating companies Office Depot, LLC; ODP Business Solutions, LLC; Veyer, LLC; and Varis, Inc., The ODP Corporation empowers every business, professional, and consumer to achieve more every day. For more information, visit theodpcorp.com.

ODP and ODP Business Solutions are trademarks of ODP Business Solutions, LLC. Office Depot is a trademark of The Office Club, LLC. OfficeMax is a trademark of OMX, Inc. Veyer is a trademark of Veyer, LLC. Varis is a trademark of Varis, Inc. Any other product or company names mentioned herein are the trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230724987759/en/

Jennifer Robins
Media Relations
Jennifer.Robins@theodpcorp.com

Swati Joshi
Media Relations
Swati.Joshi@theodpcorp.com

Source: The ODP Corporation

Release – Fatburger Rides into Six Flags Fiesta Texas

Posted on July 24, 2023July 24, 2023 by aweinsoff@channelchek.com

Research News and Market Data on FAT

JULY 24, 2023

All-American Burger Chain Continues Amusement Park Growth with New San Antonio Location

LOS ANGELES, July 24, 2023 (GLOBE NEWSWIRE) — FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Fatburger and 16 other restaurant concepts, announces the opening of Fatburger in San Antonio at Six Flags Fiesta Texas. This marks the sixth Fatburger in Texas to date with an additional 40-plus locations set to open in the state over the next 10 years.

“Last year, Fatburger opened its first Six Flags location at Six Flags Great Adventure in New Jersey,” said Jake Berchtold, COO of FAT Brands’ Fast Casual Division. “Since opening, the location has exceeded expectations, so we are thrilled to now be able to expand this partnership with a new restaurant at Six Flags Fiesta Texas. Parkgoers, locals and tourists alike, can now get a taste of Fatburger’s delicious, custom-built burgers in San Antonio!”

Ever since the first Fatburger opened in Los Angeles 70 years ago, the chain has been known for its delicious, grilled-to-perfection and cooked to order burgers. Founder Lovie Yancey believed that a big burger with everything on it is a meal in itself; at Fatburger “everything” is not just the usual roster of toppings. Burgers can be customized with everything from bacon and eggs to chili and onion rings. In addition to its famous burgers, the Fatburger menu also includes Fat and Skinny Fries, sweet potato fries, scratch-made onion rings, Impossible^™ Burgers, turkeyburgers, hand-breaded crispy chicken sandwiches, and hand-scooped milkshakes made from 100% real ice cream.

The new Fatburger Six Flags Fiesta Texas restaurant is located at 17000 West Interstate 10, San Antonio, TX 78257.

For more information or to find a Fatburger near you, please visit www.fatburger.com.

About FAT (Fresh. Authentic. Tasty.) Brands
FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. The Company currently owns 17 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises and owns over 2,300 units worldwide. For more information on FAT Brands, please visit www.fatbrands.com.

About Fatburger
An all-American, Hollywood favorite, Fatburger is a fast-casual restaurant serving big, juicy, tasty burgers, crafted specifically to each customer’s liking. With a legacy spanning 70 years, Fatburger’s extraordinary quality and taste inspire fierce loyalty amongst its fan base, which includes a number of A-list celebrities and athletes. Featuring a contemporary design and ambiance, Fatburger offers an unparalleled dining experience, demonstrating the same dedication to serving gourmet, homemade, custom-built burgers as it has since 1952 – The Last Great Hamburger Stand^™. For more information, visit www.fatburger.com.

About Six Flags Entertainment Corporation
Six Flags Entertainment Corporation is the world’s largest regional theme park company with 27 parks across the United States, Mexico and Canada. For nearly 62 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling water parks and unique attractions. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. For more information, visit www.sixflags.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the timing and performance of new store openings. Forward-looking statements reflect expectations of FAT Brands Inc. (“we”, “our” or the “Company”) concerning the future and are subject to significant business, economic and competitive risks, uncertainties and contingencies, including but not limited to uncertainties surrounding the severity, duration and effects of the COVID-19 pandemic. These factors are difficult to predict and beyond our control, and could cause our actual results to differ materially from those expressed or implied in such forward-looking statements. We refer you to the documents that we file from time to time with the Securities and Exchange Commission, such as our reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other factors. We undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date of this press release.

MEDIA C ONTACT :
Erin Mandzik, FAT Brands
emandzik@fatbrands.com
860-212-6509