DF

Ouster Achieves Q2 2023 Revenue Guidance; Increases Cost Savings Target

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Giovedì, Agosto 10, 2023
Environment, Technology, Semiconductor, Automotive, Vehicle Technology, Automotive Manufacturing, Manufacturing, Sustainability, Software, Velodyne, Electron capture, OS, GAAP, ID, BlueCity, EBITDA, Traction, DF, Investment, Motional, Gemini, Webcast, Robotics, NYSE, Video game, Clothing

First quarter 2023 comparative financial highlights are composed of Ouster standalone performance through February 10, 2023 and combined performance of both companies following the merger with Velodyne on February 10, 2023 through March 31, 2023.

Key Points: 
  • First quarter 2023 comparative financial highlights are composed of Ouster standalone performance through February 10, 2023 and combined performance of both companies following the merger with Velodyne on February 10, 2023 through March 31, 2023.
  • 2 Net loss includes goodwill impairment non-cash charges of $99 million in first quarter 2023 and $67 million in second quarter 2023.
  • Cost Savings: Following its June cost reduction announcement , Ouster now expects to realize annualized cost savings of over $110 million exiting the fourth quarter of 2023, baselined against the standalone cost structures of the two companies as of the third quarter 2022.
  • For the third quarter of 2023, Ouster expects to achieve $20 million to $22 million in revenue.

DF&I Celebrates Successful Partnership with DataBridge Sites

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Martedì, Agosto 1, 2023
Dark, Partnership, Potomac River, DF, Express

ASHBURN, Va., Aug. 1, 2023 /PRNewswire/ -- Dark Fiber and Infrastructure (DF&I), a leading developer, owner and operator of high-capacity dark fiber and conduit networks, today announced that it has continued to advance its partnership with DataBridge Sites, a state-of-the-art data center provider that supports off-site business critical IT environments. DataBridge Sites earlier announced that it had added its Maryland facility on-net to DF&I's Express Connect network.

Key Points: 
  • DataBridge Sites earlier announced that it had added its Maryland facility on-net to DF&I's Express Connect network.
  • Express Connect's direct route traverses the Potomac River, avoiding the congested data routes in Washington D.C. to provide DataBridge Sites' customers with the fastest access to Ashburn from Maryland.
  • "With the Express Connect network, DataBridge Sites can offer the quickest, highest performing route, due to the path being the shortest and most direct," explained DataBridge Sites chief executive officer Jim Weller .
  • "We're looking forward to more great years ahead through our partnership with DF&I."

DF&I Announces New Industry Partner as DataBank Comes On-Net

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Giovedì, Giugno 22, 2023
Dark, Heart, Connect, Software as a service, Computation, Data, DF, Internet service provider, Cryptocurrency

ASHBURN, Va., June 22, 2023 /PRNewswire/ -- Dark Fiber and Infrastructure, LLC (DF&I), a leading developer, owner and operator of high-capacity dark fiber and conduit networks, today announced that managed data center services provider DataBank has brought its Ashburn campus on-net to DF&I's Express Connect dark fiber network. The infrastructure provides dedicated access to and between major data centers and peering points in and around the Northern Virginia and Maryland marketplaces on the region's newest and highest quality dark fiber and conduit system.

Key Points: 
  • The DF&I Express Connect network offers the greatest physical route diversity from Northern Virginia to Baltimore, and the most conduit capacity in the region.
  • Over 40,000 fiber strands are available between Maryland and Virginia on DF&I's infrastructure, and more than 70,000 fiber strands are available within Virginia—all 100 percent underground.
  • "We are pleased to have DataBank on board with DF&I's Express Connect network," said John Schmitt, DF&I's founder and chief revenue officer.
  • "Through DF&I's vital network infrastructure we're now able to give our clients even more reason to deploy here", said DataBank vice president Thomas Cannady.

DF&I Announces Expansion of its Wholesale Connectivity Solution in Northern Virginia

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Lunedì, Maggio 15, 2023
Dark, Digital Realty, Connect, DF, Internet service provider, Cryptocurrency

ASHBURN, Va., May 15, 2023 /PRNewswire/ -- Dark Fiber and Infrastructure, LLC (DF&I), a leading developer, owner and operator of high-capacity dark fiber and conduit networks in Northern Virginia and Maryland, today announced that Digital Realty, the leading global provider of cloud and carrier-neutral data center, colocation, and interconnection solutions, is bringing two additional data center campuses on-net to DF&I's Express Connect dark fiber network. The infrastructure enables peering and interconnection of a multitude of unique carriers, clouds, and data center operators on the region's most vital high capacity, open access data pathway between Northern Virginia and Baltimore, Maryland.

Key Points: 
  • The infrastructure enables peering and interconnection of a multitude of unique carriers, clouds, and data center operators on the region's most vital high capacity, open access data pathway between Northern Virginia and Baltimore, Maryland.
  • DF&I's infrastructure offers more than 40,000 fiber strands between Maryland and Virginia and more than 70,000 fiber strands within its Virginia network.
  • This enables enterprises who are currently hosted in our Northern Virginia and Maryland data centers to accelerate their digital transformation journeys and eliminate complexity within their operations."
  • DF&I was founded in 2017 to meet increased demand for dark fiber and conduit solutions in Northern Virginia, driven by the growing consumption of data center space and power in Data Center Alley.

Ouster Exceeds Q1 2023 Revenue Guidance; Increases Target for Merger Cost Synergies

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Giovedì, Maggio 11, 2023
Semiconductor, Automotive, Automotive Manufacturing, General Automotive, Technology, Manufacturing, Performance & Special Interest, L3, Electron capture, Original equipment manufacturer, OS, GAAP, ID, EDT, BlueCity, EBITDA, Traction, DF, Investment, Mining, Motional, Gemini, Webcast, Vecna Robotics, Silicon, Robotics, L4, NYSE, Automation, Film industry, Video game, Cryptocurrency, Velodyne, Ouster

First quarter 2023 financial results are composed of Ouster standalone performance through February 10, 2023 and combined performance of both companies following the merger with Velodyne on February 10, 2023.

Key Points: 
  • First quarter 2023 financial results are composed of Ouster standalone performance through February 10, 2023 and combined performance of both companies following the merger with Velodyne on February 10, 2023.
  • 1 First quarter 2023 revenues include $6.4 million in revenue from Velodyne products following the merger but exclude revenues from Velodyne products prior to the merger on February 10, 2023.
  • Merger Integration: Ouster expects to realize annualized costs synergies greater than previously announced; now targeting $80 to $85 million exiting the fourth quarter of 2023.
  • For the second quarter of 2023, the first full quarter post-merger, Ouster expects to achieve $18 million to $20 million in revenue.

Results of Cash Tender Offer for Any and All of its 4.875% Senior Notes due 2024

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Mercoledì, Maggio 3, 2023
Other Transport, Entertainment, Transport, Theme Parks, General Entertainment, Family, Consumer, Destinations, Tourist Attractions, Travel, Borrowed Time (Styx song), Note, Tender offer, Settlement date, Debt-to-GDP ratio, Purchase price adjustment, DF, Water, Mini-tender offer, Wells Fargo, NYSE, Cryptocurrency, Security (finance), Purchasing

The Tender Offer was made pursuant to an Offer to Purchase, dated April 26, 2023 (the “Offer to Purchase”), and the related notice of guaranteed delivery for the Tender Offer (together with the Offer to Purchase, the “Offer Documents”), which set forth the terms and conditions of the Tender Offer.

Key Points: 
  • The Tender Offer was made pursuant to an Offer to Purchase, dated April 26, 2023 (the “Offer to Purchase”), and the related notice of guaranteed delivery for the Tender Offer (together with the Offer to Purchase, the “Offer Documents”), which set forth the terms and conditions of the Tender Offer.
  • These amounts exclude $18,828,000 aggregate principal amount of the 2024 Notes tendered pursuant to the guaranteed delivery procedures described in the Offer Documents.
  • For avoidance of doubt, interest on the 2024 Notes will cease to accrue on the Settlement Date for all Notes accepted in the Tender Offer.
  • King & Co., Inc. to act as information agent and tender agent for the Tender Offer.

Eight Drucker + Falk Apartment Communities Support Special Olympics by Taking the Plunge

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Mercoledì, Marzo 15, 2023
Special Olympics, Temple University, Fort Mill, South Carolina, Athlete, Tega Cay, South Carolina, Nicholas, Social media, Special, DF, Management, NEWS

NEWPORT NEWS, Va., March 15, 2023 /PRNewswire-PRWeb/ -- DF Multifamily, a division of Drucker + Falk (DF), had eight of their apartment communities take 'the plunge' to benefit the Special Olympics this past February. These communities were spread across Ohio, North Carolina, South Carolina, and Virginia and participants included DF employees who, in addition to jumping into the property pools, also worked to fundraise the week of the plunge.

Key Points: 
  • NEWPORT NEWS, Va., March 15, 2023 /PRNewswire-PRWeb/ -- DF Multifamily, a division of Drucker + Falk (DF), had eight of their apartment communities take 'the plunge' to benefit the Special Olympics this past February.
  • These communities were spread across Ohio, North Carolina, South Carolina, and Virginia and participants included DF employees who, in addition to jumping into the property pools, also worked to fundraise the week of the plunge.
  • Residents and anyone interested were able to show their support by donating and watching these teams take the plunge.
  • "Drucker + Falk prioritizes giving back to the communities where we work and live and strongly encourages our team members to support causes they care about annually.

Ouster and Velodyne Complete Merger of Equals to Accelerate Lidar Adoption

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Lunedì, Febbraio 13, 2023
Automotive, Technology, Manufacturing, Robotics, Semiconductor, Other Technology, Autonomous Driving, Vehicles, Vehicle Technology, Software, Engineering, Hardware, DF, Velodyne Lidar, NYSE, Bluecity, Multimedia, New York Stock Exchange, Combination company, Cryptocurrency, Fine chemical, Video game, Management, Velodyne

Ouster (NYSE: OUST), a leading provider of high-resolution digital lidar, and Velodyne, a global player in lidar sensors and solutions, announced the successful completion of their merger of equals, effective February 10, 2023.

Key Points: 
  • Ouster (NYSE: OUST), a leading provider of high-resolution digital lidar, and Velodyne, a global player in lidar sensors and solutions, announced the successful completion of their merger of equals, effective February 10, 2023.
  • The combined company will keep the name Ouster and continue to trade on New York Stock Exchange under the ticker “OUST.”
    This press release features multimedia.
  • The merger is expected to drive significant cost synergies and value creation for the combined company and its stakeholders.
  • “We’re thrilled to have completed the merger with Velodyne so quickly, further boosting our financial position and our ability to accelerate lidar adoption,” said Angus Pacala, CEO of Ouster.

Drucker + Falk Wins Big At 2023 VAMA | CVA RAMMY Awards

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Mercoledì, Gennaio 25, 2023
Communism in 20 years, Aimhigher, DF, Greater Richmond Region, Community, Artistry, Drucker, Nursing

RICHMOND, Va., Jan. 25, 2023 /PRNewswire-PRWeb/ -- Drucker + Falk (DF), one of the nation's most prominent multifamily management companies, was recently recognized at the 2023 RAMMY awards for its hard work and accomplishments within the multifamily industry. The RAMMY Awards is the Central Virginia Apartment Association's industry awards program that recognizes the outstanding efforts of both apartment professionals and apartment communities in the Greater Central Virginia Area. The awards ceremony took place Friday, January 20, 2023, at the Greater Richmond Convention Center, and award categories included Community of the Year, Best Community Rehab, and recognition of individual professionals, to name a few.

Key Points: 
  • National property management firm takes home seven awards during the highly-anticipated industry awards program.
  • RICHMOND, Va., Jan. 25, 2023 /PRNewswire-PRWeb/ -- Drucker + Falk (DF), one of the nation's most prominent multifamily management companies, was recently recognized at the 2023 RAMMY awards for its hard work and accomplishments within the multifamily industry.
  • The RAMMY Awards is the Central Virginia Apartment Association's industry awards program that recognizes the outstanding efforts of both apartment professionals and apartment communities in the Greater Central Virginia Area.
  • For more information about the RAMMY Awards, please visit the Virginia Apartment Management Association's website .

Drucker + Falk Participates in A Million Thanks' Letter Writing Campaign in Support of U.S. Military

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Venerdì, Gennaio 20, 2023
Veteran, Agency of record, Million Man March, Education, Letter, DF, Friends, Military personnel, Agency, Woman, War, Marketing, Mail, Management, NEWS

NEWPORT NEWS, Va., Jan. 20, 2023 /PRNewswire-PRWeb/ -- Drucker + Falk (DF), one of the nation's most prominent multifamily management companies, prioritizes giving back each year and has a deep history of philanthropic efforts spanning various causes since their start in 1938. A Million Thanks, is a nonprofit organization that started in 2004 with a goal of sending one million cards and letters of appreciation to U.S. military serving around the world. The organization has since expanded to include two additional missions – granting wishes of military injured in the War on Terror and funding higher education scholarships to children of fallen military. To date, A Million Thanks has collected and distributed nearly 12 million letters of thanks and support to active, reserve, and veteran military and that number continues to grow.

Key Points: 
  • A Million Thanks , is a nonprofit organization that started in 2004 with a goal of sending one million cards and letters of appreciation to U.S. military serving around the world.
  • To date, A Million Thanks has collected and distributed nearly 12 million letters of thanks and support to active, reserve, and veteran military and that number continues to grow.
  • Wendy Drucker, Managing Director for Drucker + Falk, went on to say, "Drucker + Falk is proud to employ military veterans in our regional offices as well as our onsite communities.
  • If you would like to write a letter or make a donation to support the A Million Thanks organization please visit their website for more information.