Business development

Metronet Delivers Portage Ultra-High-Speed Fiber Optic Internet

Retrieved on: 
Monday, July 31, 2023

Metronet today announced that Portage’s residents and businesses located in initial construction areas now have access to 100% fiber optic internet.

Key Points: 
  • Metronet today announced that Portage’s residents and businesses located in initial construction areas now have access to 100% fiber optic internet.
  • With access to 100% fiber optic internet, customers will experience ultra-high-speed service that connects directly to their home or business, bringing symmetrical upload and download speeds right to your device, free of buffering.
  • “We know how important access to a fast internet connection is, and we are excited to serve as another provider option for Portage as we expand to more communities throughout Michigan,” said Ben Ruzick, Metronet Government Affairs Director.
  • Metronet plans to hire local market management positions, sales and customer service professionals and service technicians to support the Portage area.

Research Solutions Acquires ResoluteAI to Transform AI-Powered Innovation Workflows

Retrieved on: 
Monday, July 31, 2023

HENDERSON, Nev., July 31, 2023 /PRNewswire/ -- Research Solutions, Inc. (NASDAQ: RSSS), a trusted partner providing cloud-based workflow solutions to accelerate research for R&D-driven organizations, today announced its acquisition of ResoluteAI, an advanced search platform aimed at equipping organizations with search, discovery, analysis, and knowledge management tools powered by AI and NLP technologies. ResoluteAI's state-of-the-art integrations of taxonomies, ontologies, and knowledge graph technology, together with the latest Large Language Models ("LLM"), make information discovery and retrieval highly efficient.

Key Points: 
  • "At Research Solutions, we empower research-intensive organizations to accelerate innovation," said Roy W. Olivier, CEO of Research Solutions.
  • This technological foundation will enable Research Solutions to provide specific solutions for use cases throughout the Innovation process from Strategy to Research & Development to Post-Market and Commercial solutions."
  • "The advanced search technology of ResoluteAI, in combination with Research Solutions' expertise in reference management and document delivery, creates tremendous opportunities to leverage strategic technology synergies," said Steven Goldstein, CEO of ResoluteAI.
  • "We are excited to join Research Solutions and apply our expertise to deliver best-in-class research workflow solutions."

THE RUNWAY OF DREAMS™ FOUNDATION RETURNS TO NEW YORK FASHION WEEK WITH A RUNWAY SHOW AND PUBLIC EXHIBIT, RECOGNIZING ADAPTIVE & UNIVERSALLY DESIGNED APPAREL, FOOTWEAR AND PRODUCTS

Retrieved on: 
Monday, July 31, 2023

NEW YORK, July 31, 2023 /PRNewswire/ -- The Runway of Dreams™ Foundation, a nonprofit organization leading the charge on inclusion, acceptance, and opportunity in the fashion and beauty industries for people with disabilities, announced today their return to the runway during New York Fashion Week. This one-of-a-kind Adaptive fashion show, aptly titled A Fashion Revolution, is presented by online retailer Zappos, and will take place on Wednesday, September 13, 2023, at Powerhouse Arts in Brooklyn, New York. Shaquem Griffin, former NFL linebacker, will be hosting. Griffin was featured this summer in the Runway of Dreams' Campaign for Inclusion, the first multi-brand fashion and beauty campaign featuring people with disabilities wearing Adaptive & Universally Designed products. "I'm honored to continue my journey with Runway of Dreams. This organization is a trailblazer for change, and advocates for millions of people across the globe like myself, who need accessible clothing, which so many people take for granted every day of their lives," - he said. Mr. Griffin will be dressed in looks provided by Neiman Marcus and Tommy Hilfiger.

Key Points: 
  • Griffin was featured this summer in the Runway of Dreams' Campaign for Inclusion, the first multi-brand fashion and beauty campaign featuring people with disabilities wearing Adaptive & Universally Designed products.
  • A Fashion Revolution will highlight 70 models with disabilities wearing Adaptive and Universally Designed products.
  • "We are excited to debut our first-ever Adaptive collection during New York Fashion Week on the Runway of Dreams' runway.
  • Public ticket sales and information about the public exhibit will be announced at runwayofdreams.org and on the Runway of Dreams' social channels.

MiddleGround Capital’s European Office Makes First Platform Acquisition with Close of UK-Based Automotive Transmission Systems Manufacturer Xtrac

Retrieved on: 
Monday, July 31, 2023

The Company has also developed relationships with the world’s top hypercar OEMs, providing transmission and mechatronic systems to a number of the market’s premier vehicles.

Key Points: 
  • The Company has also developed relationships with the world’s top hypercar OEMs, providing transmission and mechatronic systems to a number of the market’s premier vehicles.
  • “Xtrac represents an opportunity to partner with the leading provider of high-performance transmission systems for the specialized motorsport and automotive markets,” said John Stewart, MiddleGround Founding Partner.
  • Lincoln International provided corporate and capital advisory services to MiddleGround for the acquisition.
  • Alvarez & Marsal served as financial and tax advisors to MiddleGround.

Omega World Travel Offers Extensive Blended Travel Experiences

Retrieved on: 
Friday, July 28, 2023

FAIRFAX, Va., July 28, 2023 /PRNewswire/ -- Omega World Travel now offers even more extensive options for the busy business traveler -blended travel! Through blended travel, Omega provides an enhanced experience that combines the best of business and leisure. Business travelers can make the most of their valuable time by adding a vacation before, during, or after a work event. 

Key Points: 
  • FAIRFAX, Va., July 28, 2023 /PRNewswire/ -- Omega World Travel now offers even more extensive options for the busy business traveler -blended travel!
  • What excites us most about our new vacation portal is that Omega World Travel is truly a single source for all travel, regardless of travel purpose.
  • Omega World Travel is a Woman Owned travel management company, a full-service travel agency, and a leader in the internet retail travel marketplace.
  • Visit Omega World Travel's Vacation Portal: http://www.omegatravel.com/vacations
    For additional information about Omega World Travel please visit: OmegaTravel.com .

Red Cat Holdings Reports Financial Results for Fiscal Year Ended April 30, 2023 and Provides Business Update

Retrieved on: 
Thursday, July 27, 2023

SAN JUAN, Puerto Rico, July 27, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports its financial results for the fiscal year ended April 30, 2023 and provides a business update.

Key Points: 
  • SAN JUAN, Puerto Rico, July 27, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports its financial results for the fiscal year ended April 30, 2023 and provides a business update.
  • It has the best-in-class thermal imaging camera, which is optimized for nighttime operations,” commented Red Cat CEO Jeff Thompson.
  • "During fiscal 2023, our Business Development and Sales teams worked diligently to develop strong relationships with a wide range of government agencies.
  • “We made significant investments in fiscal 2023 that position Red Cat for success in fiscal 2024,” stated Joseph Hernon, Chief Financial Officer.

PAR Technology Corporation Releases Conference Call and Webcast Information for Fiscal 2023 Second Quarter Financial Results

Retrieved on: 
Thursday, July 27, 2023

PAR Technology Corporation (NYSE: PAR) today announced that it will report its financial results for the second quarter ended June 30, 2023, following the close of the U.S. markets on Wednesday, August 9, 2023.

Key Points: 
  • PAR Technology Corporation (NYSE: PAR) today announced that it will report its financial results for the second quarter ended June 30, 2023, following the close of the U.S. markets on Wednesday, August 9, 2023.
  • PAR management will then host a conference call and webcast at 4:30 p.m.
  • To access the webcast, please visit the PAR Technology Investor Relations website at www.partech.com/investor-relations/ .
  • PAR Technology looks forward to your participation in this conference call.

Donald S. Swartz II named new CEO of American Rare Earths

Retrieved on: 
Thursday, July 27, 2023

DENVER, July 27, 2023 (GLOBE NEWSWIRE) -- American Rare Earths (ASX: ARR | OTCQB: ARRNF | FSE:1BHA) (ARR or the Company) is pleased to announce Donald S. Swartz II has been named Chief Executive Officer (CEO) of the Company effective August 1.

Key Points: 
  • DENVER, July 27, 2023 (GLOBE NEWSWIRE) -- American Rare Earths (ASX: ARR | OTCQB: ARRNF | FSE:1BHA) (ARR or the Company) is pleased to announce Donald S. Swartz II has been named Chief Executive Officer (CEO) of the Company effective August 1.
  • “Donald is the right leader for American Rare Earths to lead the Company at this critical time,” says Creagh O’Connor, Chairman, American Rare Earths.
  • “The Company is uniquely positioned to take a lead in the development of rare earths in the US and become a prominent leader in the global rare earths market.
  • This announcement has been authorized for release by the Board of American Rare Earths.

Lincoln Electric Announces Year End Executive Leadership Transition

Retrieved on: 
Thursday, July 27, 2023

CLEVELAND, July 27, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (the “Company”) (NASDAQ: LECO) announced today that Christopher L. Mapes, Chairman, President and Chief Executive Officer (CEO), who has served as President and CEO since 2012, will retire as President and CEO on December 31, 2023, and will be designated as Executive Chairman of the Board, effective January 1, 2024. Steven B. Hedlund, who has been with the Company for 15 years and serves as Chief Operating Officer, will be named President and CEO, and appointed as a member of the Board, effective January 1, 2024. As Executive Chairman, Mapes will work closely with Hedlund to ensure a seamless transition for all Lincoln Electric stakeholders and support the Company’s Higher Standard 2025 Strategy initiatives.

Key Points: 
  • As Executive Chairman, Mapes will work closely with Hedlund to ensure a seamless transition for all Lincoln Electric stakeholders and support the Company’s Higher Standard 2025 Strategy initiatives.
  • Under his leadership, Lincoln Electric has extended its global leadership through innovation and growth, including over 20 acquisitions and established the industry’s leading automation portfolio.
  • “It has been a privilege to lead Lincoln Electric and work alongside our incredibly talented and committed employees,” said Mapes.
  • Prior to joining Lincoln Electric, Hedlund held various executive leadership roles at Fortune Brands, Inc. and served as principal with the management consulting firm, Booz Allen & Hamilton.

Teva Announces Appointment of Dr. Angus Grant to Executive Vice President, Business Development

Retrieved on: 
Thursday, July 27, 2023

Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) today announced the appointment of Dr. Angus Grant, Ph.D., as EVP, Business Development.

Key Points: 
  • Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) today announced the appointment of Dr. Angus Grant, Ph.D., as EVP, Business Development.
  • Most recently, Dr. Grant served as the Chief Business Executive at BeiGene, overseeing business development, clinical and business insights and valuation, investments and collaborations, and alliance management.
  • Earlier in his career, Dr. Grant spent 12 years at Celgene, serving in various leadership roles including Corporate Vice President of Business Development, and Vice President, Regulatory Affairs.
  • Richard Francis, Teva’s President and CEO said: “We are pleased to welcome a leader of Angus caliber to our executive team at Teva.