Forward-looking statement

Elbit Systems of America Awarded $49 Million Contract to Supply Night Vision Systems for the U.S. Marine Corps

Retrieved on: 
Monday, May 16, 2022 - 8:28am

Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events.

Key Points: 
  • Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events.
  • Forwardlooking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended.
  • Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies.
  • Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd.

Joint Press Release – Kalera and Agrico Announce Effectiveness of Registration Statement, Waiver of Minimum Cash Condition and Extraordinary General Meetings for Proposed Business Combination

Retrieved on: 
Monday, May 16, 2022 - 7:00am

Extraordinary general meeting of Kalera shareholders (the Kalera Special Meeting) and extraordinary general meeting of Agrico shareholders (the Agrico Special Meeting and, together with the Kalera Special Meeting, the Special Meetings) to approve the proposed business combination of Kalera and Agrico expected to be held on June 27, 2022.

Key Points: 
  • Extraordinary general meeting of Kalera shareholders (the Kalera Special Meeting) and extraordinary general meeting of Agrico shareholders (the Agrico Special Meeting and, together with the Kalera Special Meeting, the Special Meetings) to approve the proposed business combination of Kalera and Agrico expected to be held on June 27, 2022.
  • Kaleras shareholders of record at the close of business on the Kalera Record Date are entitled to vote their Kalera ordinary shares at the Kalera Special Meeting.
  • As announced previously, the business combination is to be effected through a newly created holding company, Kalera Public Limited Company (Kalera PLC).
  • If the business combination and other proposals are approved by Kalera and Agrico shareholders, Kalera and Agrico anticipate closing the business combination shortly after the Special Meetings, subject to the satisfaction or waiver (as applicable) of all other closing conditions.

Pareteum to Use Voluntary Chapter 11 Process to Facilitate Efficient Sale Process and Position Business for Long-Term Success; Company to Maintain Operations as Usual

Retrieved on: 
Monday, May 16, 2022 - 3:57am

NEW YORK, May 15, 2022 /PRNewswire/ -- Pareteum Corporation (OTC: TEUM) and certain affiliates (collectively, "Pareteum" or the "Company"), a global cloud Communications-Platform-as-a-Service (CPaaS) company, today announced that the Company filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court"). The Company intends to execute a strategic asset sale under section 363 of the Bankruptcy Code while addressing legacy issues to best position the business for future success.

Key Points: 
  • These agreements are subject to higher and better offers, among other conditions, as well as approval from the Bankruptcy Court.
  • The Company expects to continue operations as usual during the Chapter 11 process and complete the process in a swift manner.
  • We look forward to using this process to position our business for sustained future success across our business lines.
  • Such motions are typical in the Chapter 11 process and Pareteum anticipates that they will be heard in the first few days of its Chapter 11 cases.

Inmagene Receives FDA IND Clearance for a Third Generation BTK Inhibitor Targeting Immunological Diseases

Retrieved on: 
Monday, May 16, 2022 - 12:00am

Inmagene is developing the drug candidate to potentially treat immunological diseases.

Key Points: 
  • Inmagene is developing the drug candidate to potentially treat immunological diseases.
  • "This is the third IND clearance Inmagene has obtained since the beginning of 2022," said Dr. Jonathan Wang, Chairman and CEO of Inmagene.
  • IMG-004's improved activity, selectivity, and pharmacokinetic profile in preclinical studies compared to those of other BTK inhibitors point toward a best-in-class potential.
  • IMG-004 is a non-covalent, reversible small molecule inhibitor targeting Bruton's tyrosine kinase (BTK).

HUB Security announces an NIS 17M PIPE close at NIS 6 per share and an update on the upcoming NASDAQ SPAC merger

Retrieved on: 
Sunday, May 15, 2022 - 7:35pm

Further, and following the Company's reports regarding a merger agreement with SPAC traded on NASDAQ, the Company updates that, as of the date of this announcement, the merger transaction proceeds as planned at the current price of $10 per share.

Key Points: 
  • Further, and following the Company's reports regarding a merger agreement with SPAC traded on NASDAQ, the Company updates that, as of the date of this announcement, the merger transaction proceeds as planned at the current price of $10 per share.
  • For further details, refer to Note 29 to the financial statements as of 31.12.2021; report dated 31 March 2022 (reference: 2022-01-034230).
  • HUB Cyber Security (Israel) Limited ("HUB") was established in 2017 by veterans of the 8200 and 81 elite intelligence units of the Israeli Defense Forces.
  • HUB operates in over 30 countries and provides innovative cybersecurity computing appliances as well as a wide range of cybersecurity services worldwide.

Resolute Announces Labor Agreement-in-Principle with Seven Canadian Pulp and Paper Mills

Retrieved on: 
Sunday, May 15, 2022 - 7:30pm

MONTREAL, May 15, 2022 /PRNewswire/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced that it reached an agreement-in-principle for a four-year labor agreement with the Unifor union, representing most of the hourly employees in the company's Canadian pulp and paper operations.

Key Points: 
  • MONTREAL, May 15, 2022 /PRNewswire/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced that it reached an agreement-in-principle for a four-year labor agreement with the Unifor union, representing most of the hourly employees in the company's Canadian pulp and paper operations.
  • The master agreement covers seven of Resolute's pulp and paper mills in Canada: the Dolbeau; Gatineau; Knogami; Saint-Flicien and currently indefinitely idled Amos and Baie-Comeau facilities in Quebec; and the Thunder Bay operation in Ontario.
  • "We are pleased to announce this agreement-in-principle with Unifor national and local leadership," said Remi G. Lalonde, president and chief executive officer.
  • Resolute has received regional, North American and global recognition for its leadership in corporate social responsibility and sustainable development, as well as for its business practices.

CPI Aerostructures Reports Third Quarter and Nine Month 2021 Results

Retrieved on: 
Saturday, May 14, 2022 - 2:40am

EDGEWOOD, N.Y., May 13, 2022 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) today announced financial results for the three and nine month periods ended September 30, 2021.

Key Points: 
  • EDGEWOOD, N.Y., May 13, 2022 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (CPI Aero or the Company) (NYSE American: CVU) today announced financial results for the three and nine month periods ended September 30, 2021.
  • For the third quarter of 2021, we generated cash flow from operations of $1.2 million, an expected reversal from the $(2.4) million use of funds for the second quarter of 2021 as product deliveries continue to reduce contract assets and inventory.
  • These forward-looking statements include, among others, those statements regarding the Companys expected financial results for the year ended December 31, 2021.
  • CPI Aero is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on Twitter @CPIAERO .

Cenntro Electric Group Expands Global Production Capacity with Acquisition of Advanced Manufacturing Facility in China

Retrieved on: 
Friday, May 13, 2022 - 11:06pm

Cenntro Electric Group Limited (NASDAQ: CENN) (Cenntro or the Company), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced the acquisition of a new manufacturing facility in Changxing, Huzhou City, China, for a purchase price of approximately $19.5 million.

Key Points: 
  • Cenntro Electric Group Limited (NASDAQ: CENN) (Cenntro or the Company), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced the acquisition of a new manufacturing facility in Changxing, Huzhou City, China, for a purchase price of approximately $19.5 million.
  • The new 474,000 square foot facility will allow Cenntro to expand its production capacity.
  • The new facility will support the production of a new Metro series and have an expected capacity of 50,000 vehicles annually once fully operational.
  • About Cenntro Electric Group Ltd.
    Cenntro Electric Group Ltd. (or Cenntro) (NASDAQ: CENN) is a leading designer and manufacturer of electric light and medium-duty commercial vehicles.

Crawford United Corporation Announces First Quarter 2022 Results

Retrieved on: 
Friday, May 13, 2022 - 10:16pm

CLEVELAND, May 13, 2022 (GLOBE NEWSWIRE) -- Crawford United Corporation (OTC: CRAWA), a growth-oriented holding company serving diverse markets, today reported results for the three-month period ended March 31, 2022.

Key Points: 
  • CLEVELAND, May 13, 2022 (GLOBE NEWSWIRE) -- Crawford United Corporation (OTC: CRAWA), a growth-oriented holding company serving diverse markets, today reported results for the three-month period ended March 31, 2022.
  • For the quarter ended March 31, 2022, sales were $31.0 million compared to $24.0 million in the same period last year, an increase of 29%.
  • Crawford United is continuing to explore opportunities for increased revenue and improved profitability, always with an eye towards additional acquisitions.
  • Crawford United Corporation is a growth-oriented holding company providing specialty industrial products to diverse markets, including healthcare, aerospace, education, transportation, and petrochemical.

Almonty Announces the Filing of Its Unaudited Interim Condensed Consolidated Financial Statements and MD&A for the Three Months Ended March 31, 2022 and a Return to Positive EBITDA From Mining Operations(1)

Retrieved on: 
Friday, May 13, 2022 - 11:00pm

Further information about Almontys activities may be found at www.almonty.com and under Almontys profile at www.sedar.com .

Key Points: 
  • Further information about Almontys activities may be found at www.almonty.com and under Almontys profile at www.sedar.com .
  • These statements and information are based on managements beliefs, estimates and opinions on the date that statements are made and reflect Almontys current expectations.
  • Almonty believes that securities analysts, investors and other interested parties frequently use non-GAAP financial measures in the evaluation of issuers.
  • Almontys management also uses non-GAAP financial measures in order to facilitate operating performance comparisons from period to period.