Private Securities Litigation Reform Act

Elbit Systems Awarded a $200 Million Contract to Supply Helicopter Self-Protection Suits to a Country in Asia-Pacific

Retrieved on: 
Thursday, November 17, 2022

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.

NetEase Announces Non-Renewal of Licenses with Blizzard

Retrieved on: 
Thursday, November 17, 2022

We will make sure our players' data and assets are well protected in all of our games," said William Ding, CEO of NetEase.

Key Points: 
  • We will make sure our players' data and assets are well protected in all of our games," said William Ding, CEO of NetEase.
  • As a leading internet technology company based in China, NetEase, Inc. (NASDAQ: NTES and HKEX:9999, "NetEase") provides premium online services centered around content creation.
  • By infusing play with culture and education with technology, NetEase transforms gaming into a meaningful vehicle to build a more entertaining and enlightened world.
  • NetEase does not undertake any obligation to update this forward-looking information, except as required under the applicable law.

CENTENE APPOINTS MONTE FORD TO BOARD OF DIRECTORS

Retrieved on: 
Wednesday, November 16, 2022

ST. LOUIS, Nov. 16, 2022 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today that it has appointed Monte Ford to the Centene Board of Directors, effective November 12th.

Key Points: 
  • ST. LOUIS, Nov. 16, 2022 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today that it has appointed Monte Ford to the Centene Board of Directors, effective November 12th.
  • Mr. Ford is a leading technologist with more than 20 years of board experience serving Fortune 500 companies across a wide spectrum of industries.
  • "Monte's extensive experience in the Fortune 500 technology sector will serve Centene well as we continue to use data to drive innovation and transform healthcare for our members," said James Dallas,Chairman of the Centene Board of Directors.
  • "I look forward to working with Centene, a company with which I share a vision of transforming healthcare through innovative technology and programs," said Ford.

Kulicke & Soffa Reports Fourth Quarter 2022 Results

Retrieved on: 
Wednesday, November 16, 2022

Through organic development, prudent acquisitions and close industry partnerships, Kulicke & Soffa's served available market has grown to approximately $4.7 billion in fiscal 2022, up 51 percent from fiscal 2018.

Key Points: 
  • Through organic development, prudent acquisitions and close industry partnerships, Kulicke & Soffa's served available market has grown to approximately $4.7 billion in fiscal 2022, up 51 percent from fiscal 2018.
  • Repurchased approximately 5.6 million shares of common stock through open market and accelerated programs at a cost of $282.8 million.
  • A conference call to discuss these results will be held tomorrow,November 17, 2022, beginning at8:00am EST.
  • Management uses both U.S. GAAP metrics as well as non-GAAP metrics to evaluate the Company's operating and financial results.

INX Reports Q3 2022 Cumulative Adjusted Operating Cash Flow and Pro Rata Portion of the Distributable Amount per INX Token

Retrieved on: 
Wednesday, November 16, 2022

The distribution to holders of the INX Tokens will be based on a final calculation of our cumulative Adjusted Operating Cash Flow and the pro rata portion of the Distributable Amount per INX Token.

Key Points: 
  • The distribution to holders of the INX Tokens will be based on a final calculation of our cumulative Adjusted Operating Cash Flow and the pro rata portion of the Distributable Amount per INX Token.
  • The distribution to INX Token Holders is a contractual obligation of the Company and a right of each INX Token holder of record as of March 31 of a year following a year end for which there was positive cumulative Adjusted Operating Cash Flow.
  • However, the pro rata distribution of our cumulative Adjusted Operating Cash Flow is not self-executing and requires that our board of directors approve the Company's financial statements and calculate such distribution in good faith.
  • Further, although the annual calculation of our cumulative Adjusted Operating Cash Flow will be based on information provided in the audited consolidated financial statements of INX Limited and its subsidiaries, neither the calculation of the cumulative Adjusted Operating Cash Flow nor any pro rata distributions thereof to token holders will be audited at the time of any distribution.

INX Reports Q3 2022 Cumulative Adjusted Operating Cash Flow and Pro Rata Portion of the Distributable Amount per INX Token

Retrieved on: 
Wednesday, November 16, 2022

The distribution to holders of the INX Tokens will be based on a final calculation of our cumulative Adjusted Operating Cash Flow and the pro rata portion of the Distributable Amount per INX Token.

Key Points: 
  • The distribution to holders of the INX Tokens will be based on a final calculation of our cumulative Adjusted Operating Cash Flow and the pro rata portion of the Distributable Amount per INX Token.
  • The distribution to INX Token Holders is a contractual obligation of the Company and a right of each INX Token holder of record as of March 31 of a year following a year end for which there was positive cumulative Adjusted Operating Cash Flow.
  • However, the pro rata distribution of our cumulative Adjusted Operating Cash Flow is not self-executing and requires that our board of directors approve the Company's financial statements and calculate such distribution in good faith.
  • Further, although the annual calculation of our cumulative Adjusted Operating Cash Flow will be based on information provided in the audited consolidated financial statements of INX Limited and its subsidiaries, neither the calculation of the cumulative Adjusted Operating Cash Flow nor any pro rata distributions thereof to token holders will be audited at the time of any distribution.

NextNav Announces Sale of Common Shares

Retrieved on: 
Wednesday, November 16, 2022

MCLEAN, Va., Nov. 16, 2022 /PRNewswire/ -- NextNav Inc. (NASDAQ: NN) ("NextNav" or the "Company"), a leader in next generation GPS and 3D geolocation, today announced that certain members of NextNav's executive leadership team sold approximately 796 thousand shares of NextNav's common stock on November 15, 2022, as reported with the SEC on Form 4.

Key Points: 
  • MCLEAN, Va., Nov. 16, 2022 /PRNewswire/ -- NextNav Inc. (NASDAQ: NN) ("NextNav" or the "Company"), a leader in next generation GPS and 3D geolocation, today announced that certain members of NextNav's executive leadership team sold approximately 796 thousand shares of NextNav's common stock on November 15, 2022, as reported with the SEC on Form 4.
  • The sale of common shares was primarily done to cover tax obligations associated with the vesting of certain restricted stock units and awards.
  • Simultaneously, entities controlled by NextNav Director, Neil Subin, purchased approximately 280 thousand shares, also reported on Form 4.
  • NextNav executives selling shares include, Chairman Gary Parsons, CEO Ganesh Pattabiraman, CFO Chris Gates, SVP Systems Engineering Arun Raghupathy and SVP Network Operations David Knutson.

Gracell Biotechnologies Wins 2022 Fierce Life Sciences Innovation Award

Retrieved on: 
Wednesday, November 16, 2022

SAN DIEGO, Calif. and SUZHOU and SHANGHAI, China, Nov. 16, 2022 /PRNewswire/ -- Gracell Biotechnologies Inc. ("Gracell" or the "Company", NASDAQ: GRCL), a global clinical-stage biopharmaceutical company dedicated to developing highly efficacious and affordable cell therapies for the treatment of cancer, today announced that its FasTCAR Autologous CAR-T Platform was named the winner of the Biotech Innovation category of the 2022 Fierce Life Sciences Innovation Awards.

Key Points: 
  • SAN DIEGO, Calif. and SUZHOU and SHANGHAI, China, Nov. 16, 2022 /PRNewswire/ -- Gracell Biotechnologies Inc. ("Gracell" or the "Company", NASDAQ: GRCL), a global clinical-stage biopharmaceutical company dedicated to developing highly efficacious and affordable cell therapies for the treatment of cancer, today announced that its FasTCAR Autologous CAR-T Platform was named the winner of the Biotech Innovation category of the 2022 Fierce Life Sciences Innovation Awards.
  • The Fierce Life Sciences Innovation Awards identify and showcase outstanding innovation that is driving improvements and transforming the industry.
  • "We are honored that the FasTCAR next-day manufacturing platform has been recognized by the prestigious Fierce Life Sciences Innovation Awards," said Dr. Cao.
  • Gracell Biotechnologies Inc. ("Gracell") is a global clinical-stage biopharmaceutical company dedicated to discovering and developing breakthrough cell therapies.

BorgWarner to Invest $500 Million in Wolfspeed, Securing up to $650 Million in Annual Capacity for Silicon Carbide Devices

Retrieved on: 
Wednesday, November 16, 2022

Wolfspeedis a registered trademark of Wolfspeed, Inc.

Key Points: 
  • Wolfspeedis a registered trademark of Wolfspeed, Inc.
    For more than 130 years, BorgWarner has been a transformative global product leader bringing successful mobility innovation to market.
  • Today, we're accelerating the world's transition to eMobility to help build a cleaner, healthier, safer future for all.
  • This press release contains forward-looking statements by Wolfspeed involving risks and uncertainties, both known and unknown, that may cause Wolfspeed's actual results to differ materially from those indicated.
  • Forward-looking statements are not guarantees of performance, and BorgWarner's actual results may differ materially from those expressed, projected or implied in or by such forward-looking statements.

ZIM Reports Financial Results for the Third Quarter and First Nine Months of 2022

Retrieved on: 
Wednesday, November 16, 2022

HAIFA, Israel, Nov. 16, 2022 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, announced today its consolidated results for the three and nine months ended September 30, 2022.

Key Points: 
  • ZIM carried 842 thousand TEUs in the third quarter of 2022, compared to 884 thousand TEUs in the third quarter of 2021.
  • Net income for the third quarter of 2022 was $1.17 billion, compared to $1.46 billion for the third quarter of 2021.
  • Adjusted EBIT was $1.55 billion for the third quarter of 2022, compared to $1.86 billion for the third quarter of 2021.
  • ZIM carried 2,557 thousand TEUs in the first nine months of 2022, compared to 2,623 thousand TEUs in the first nine months of 2021.