SRI

Stoneridge Reports Fourth Quarter and Full-Year 2022 Results

Retrieved on: 
Wednesday, March 1, 2023

Fourth quarter results included a $3.7 million, or ($0.10) earnings per share, adjustment to non-operating income related to a prior quarter correction.

Key Points: 
  • Fourth quarter results included a $3.7 million, or ($0.10) earnings per share, adjustment to non-operating income related to a prior quarter correction.
  • Sales were adjusted to normalize the impact of electronic component spot buys recovered from customers of $6.0 million for the fourth quarter of 2022 and $58.4 million for the full-year 2022.
  • For the fourth quarter of 2022, Stoneridge reported gross profit of $45.5 million (19.7% of sales, 20.2% of adjusted sales).
  • Fourth quarter operating margin decreased by 200 basis points relative to the third quarter of 2022, primarily due to higher material costs driven by an unfavorable sales mix.

Brain Scientific Sees Increased First-Quarter Sales Momentum and Revenue Growth

Retrieved on: 
Tuesday, February 28, 2023

LAKEWOOD RANCH, Fla., Feb. 28, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- Piezo Motion, a Florida-based Brain Scientific (OTCQB:BRSFD) technology company, announces today increased demand for its new range of novel miniature rotary piezomotors (the RAS Series).

Key Points: 
  • LAKEWOOD RANCH, Fla., Feb. 28, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- Piezo Motion, a Florida-based Brain Scientific (OTCQB:BRSFD) technology company, announces today increased demand for its new range of novel miniature rotary piezomotors (the RAS Series).
  • The highly precise yet very affordable RAS motor is finding use in a growing range of applications including photonics, medical devices and miniature pumps.
  • “We just received our largest order to date for our new miniature motor from a hi-tech company that is working in the photonics space,” said Dr. Mark Broderick, president of Piezo Motion.
  • Along with these large orders, the company reported that a number of entrepreneurs and innovators are doing incredible things with Piezo Motion’s innovative motors.

Stoneridge, KLLM Transport Services and Frozen Food Express Announce Adoption of Stoneridge's MirrorEye® Camera Monitor System

Retrieved on: 
Monday, February 27, 2023

"MirrorEye represents a tremendous step forward in terms of technical sophistication for the KLLM/FFE fleets.

Key Points: 
  • "MirrorEye represents a tremendous step forward in terms of technical sophistication for the KLLM/FFE fleets.
  • "We are also pleased to demonstrate our commitment to safety, while reducing the carbon emissions associated with transporting our customer's goods.
  • MirrorEye is the first camera monitor system to receive an exemption from the Federal Motor Carrier Safety Administration (FMCSA) allowing MirrorEye-equipped trucks to operate on the road without mirrors, improving visibility and aerodynamic efficiency.
  • To learn more about the safety and fleet benefits of Stoneridge MirrorEye, or to inquire about bringing those benefits to your fleet, visit Stoneridge.com/MirrorEye.

New Markets Venture Partners Raises Over $160 Million for Oversubscribed Economic Mobility Fund

Retrieved on: 
Monday, February 27, 2023

WASHINGTON, Feb. 27, 2023 /PRNewswire/ -- New Markets Venture Partners, the nation's premier edtech and workforce technology venture capital firm today announced that it successfully raised more than $160M for its new fund, New Markets Education Partners III, LP. Founded in 2002, this is the DC-based firm's fifth fund and is specifically designed to advance New Markets' strategy of investing in early- and growth-stage companies with demonstrated efficacy in improving student and workforce outcomes.

Key Points: 
  • WASHINGTON, Feb. 27, 2023 /PRNewswire/ -- New Markets Venture Partners , the nation's premier edtech and workforce technology venture capital firm today announced that it successfully raised more than $160M for its new fund, New Markets Education Partners III, LP.
  • The firm's disciplined investing strategy has consistently generated outsized returns for limited partners with a very low loss rate, while focusing on evidence-based solutions that generate authentic, measurable impact.
  • These new limited partners include academic publishers, global skills development leaders, human resources experts, and large-impact investment funds, among others.
  • Robb Doub, Co-Founder and General Partner of New Markets Venture Partners adds, "We are honored to be trusted by a group of limited partners with deep knowledge of the education and workforce industry.

New CEO of Black Product Managers Aims to Expand Opportunities for Economic Mobility and Improve Product Outcomes in Tech

Retrieved on: 
Wednesday, February 22, 2023

SAN FRANCISCO, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Black Product Managers , the largest global nonprofit network for Black professionals in product, today announced the appointment of Acasia Wilson Feinberg as the organization’s Chief Executive Officer (CEO).

Key Points: 
  • SAN FRANCISCO, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Black Product Managers , the largest global nonprofit network for Black professionals in product, today announced the appointment of Acasia Wilson Feinberg as the organization’s Chief Executive Officer (CEO).
  • Taught two-quarters of product curriculum to high-potential future Black product leaders from HBCUs in partnership with Black Venture Capital Consortium.
  • “Black Product Managers’ strategy for addressing economic mobility for the Black community and putting more Black voices at the center of product decision-making is direct and winnable.
  • For more information on how to become a member of Black Product Managers or a partner for future programming please visit: BlackProductManagers.com

Stoneridge Elects Carsten J. Reinhardt to Board of Directors

Retrieved on: 
Tuesday, February 21, 2023

Prior to that Reinhardt served as COO of Meritor Inc. and as President of Meritor's Commercial Vehicle Division.

Key Points: 
  • Prior to that Reinhardt served as COO of Meritor Inc. and as President of Meritor's Commercial Vehicle Division.
  • Reinhardt serves as the vice chairman of the board for Grundfos Holding A/S, a leading global pump and water solutions company.
  • In conjunction with the election of Reinhardt to the board of directors, the Board size was increased to 9 members.
  • Stoneridge recently announced a continued board refreshment plan to attract the necessary talent to impact and accelerate the Company's transformation.

SRI International Appoints Kathlynn Brown to Biosciences Division President

Retrieved on: 
Tuesday, January 31, 2023

SRI International , an independent nonprofit research institute behind countless cutting-edge technological advances, today announced the promotion of Kathlynn Brown to President of its Biosciences Division.

Key Points: 
  • SRI International , an independent nonprofit research institute behind countless cutting-edge technological advances, today announced the promotion of Kathlynn Brown to President of its Biosciences Division.
  • In her eight-year tenure at SRI International, she has helped the organization double down on its impacts in these fields.
  • “I am thrilled that Kathlynn will become the new president of Biosciences division,” said David Parekh, CEO of SRI.
  • Out of a tremendously talented pool of potential candidates, Kathlynn’s scientific background and her work with both government-funded clients and leading pharmaceutical companies have made her the perfect choice for this important role.”
    “For nearly a decade, I have had the privilege of working alongside creative and dedicated scientists at SRI International as we pave the way in bioscience research,” said Kathlynn Brown, incoming President of SRI International biosciences division.

Church Pension Group Hosts Conversation on 2023 Sustainable Investing Landscape and Strategies

Retrieved on: 
Tuesday, January 31, 2023

The Church Pension Group (CPG), a financial services organization that serves The Episcopal Church, announced that it will host a virtual conversation with industry experts to discuss the current sustainable investing landscape and strategies investors are using to align their values and their finances.

Key Points: 
  • The Church Pension Group (CPG), a financial services organization that serves The Episcopal Church, announced that it will host a virtual conversation with industry experts to discuss the current sustainable investing landscape and strategies investors are using to align their values and their finances.
  • Individuals will also gain valuable insights around CPG’s approach to socially responsible investing (SRI), including impact investing, Environmental, Social, & Governance (ESG) incorporation, and its ability to affect change through active shareholder engagement.
  • “The sustainable investing market continues to evolve and grow in popularity among faith-based investors,” said Mary Kate Wold , CEO and President of CPG.
  • Videos and presentations from prior Insights & Ideas discussions, which focused on climate change, investing in economically disadvantaged communities, faithful investing, positive impact investing, and sustainable investing, can be viewed at cpg.org/Insights&Ideas.

STONERIDGE, INC. TO BROADCAST ITS FOURTH-QUARTER 2022 CONFERENCE CALL ON THE WEB

Retrieved on: 
Thursday, February 16, 2023

NOVI, Mich., Feb. 16, 2023 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) will webcast its fourth-quarter 2022 earnings conference call live on Thursday, March 2, 2023, at 9:00 a.m.

Key Points: 
  • NOVI, Mich., Feb. 16, 2023 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) will webcast its fourth-quarter 2022 earnings conference call live on Thursday, March 2, 2023, at 9:00 a.m.
  • ET with president and chief executive officer, Jim Zizelman, and chief financial officer, Matt Horvath.
  • The webcast can be accessed on the Webcasts & Presentations page of the Investors section of the Company's website, www.stoneridge.com .
  • Additional information about Stoneridge can be found at www.stoneridge.com .

Urban Remedy and Lotus Foods Team Up for Launch of New Organic Burrito Bowl Featuring Regenerative Organic Certified® Rice

Retrieved on: 
Wednesday, January 25, 2023

RICHMOND, Calif., Jan. 25, 2023 /PRNewswire/ -- Lotus Foods, the leading heirloom and organic rice and rice noodle company, is pleased to announce its Regenerative Organic White Basmati Rice will be featured in a new product offering from plant-based organic meal delivery service Urban Remedy. The Urban Remedy Organic Burrito Bowl is available now for $12.99 at select Whole Foods Market stores, Urban Remedy storefronts in the San Francisco Bay Area, and is shipping nationwide through Urbanremedy.com.

Key Points: 
  • Lotus Foods Regenerative Organic White Basmati Rice will be featured in a new product from plant-based organic food company Urban Remedy; the Urban Remedy Organic Burrito Bowl is available now in select Whole Foods Market stores, at Urban Remedy storefronts and urbanremedy.com
    RICHMOND, Calif., Jan. 25, 2023 /PRNewswire/ -- Lotus Foods , the leading heirloom and organic rice and rice noodle company, is pleased to announce its Regenerative Organic White Basmati Rice will be featured in a new product offering from plant-based organic meal delivery service Urban Remedy.
  • Lotus Foods Regenerative Organic White Basmati Rice is currently also in Urban Remedy's Organic Chickpea Coconut Curry with Kale.
  • Lotus Foods has supplied organic rice to Urban Remedy since 2018 to be used in various organic, gluten-free, non-GMO, vegan and dairy-free menu items.
  • We're proud to launch the Organic Burrito Bowl with Lotus Foods Regenerative Organic White Basmati Rice to help show the world how food is healing," said Urban Remedy.