MDO

CoreLogic: Number of Underwater US Homes Drops by 15% Annually in the Fourth Quarter

Retrieved on: 
Thursday, March 7, 2024

Three Northeastern states posted the country’s highest annual equity gains in the fourth quarter: Rhode Island ($62,000), New Jersey ($55,000) and Massachusetts ($53,000).

Key Points: 
  • Three Northeastern states posted the country’s highest annual equity gains in the fourth quarter: Rhode Island ($62,000), New Jersey ($55,000) and Massachusetts ($53,000).
  • As of the fourth quarter of 2023, the quarterly and annual changes in negative equity were:
    Quarterly change: From the third quarter of 2023 to the fourth quarter of 2023, the total number of mortgaged homes in negative equity decreased by 1.1%, to 1 million homes or 1.8% of all mortgaged properties.
  • Annual change: From the fourth quarter of 2022 to the fourth quarter of 2023, the total number of homes in negative equity decreased by 15%, from 1.2 million homes or 2.1% of all mortgaged properties.
  • Looking at the fourth quarter of 2023 book of mortgages, if home prices increase by 5%, 114,000 homes would regain equity; if home prices decline by 5%, 162,000 properties would fall underwater.

MDO Becomes Otelier and Launches IntelliSight, a Unified Business Intelligence Platform

Retrieved on: 
Tuesday, February 27, 2024

ATLANTA, Feb. 27, 2024 /PRNewswire/ -- MyDigitalOffice (MDO), a Cove Hill Partners company, is now Otelier, the hospitality performance optimization platform that brings together best-in-class technologies to put data and efficiency at the heart of hotel operations. Simultaneously, Otelier is announcing the launch of its unified, next-generation unified business intelligence platform: IntelliSight.

Key Points: 
  • MyDigitalOffice (MDO) has unified its suite of best-in-class automation, budgeting, and business intelligence solutions and rebranded as Otelier, the hospitality software behind every great host.
  • Simultaneously, Otelier is announcing the launch of its unified, next-generation unified business intelligence platform: IntelliSight.
  • Otelier brings together the best features and functionality from MDO, Datavision, inTouch, HelloGM, Focal Revenue Solutions, and Broadvine to deliver a unified platform that meets the evolving needs of today's hotelier.
  • "The release of IntelliSight further solidifies our leadership position in business intelligence for the hospitality industry," said Otelier Chief Product Officer Niki Johnson.

Kaival Brands Provides Business Update in Letter to Shareholders

Retrieved on: 
Wednesday, February 14, 2024

Operating Expenses decreased to $13.2 million compared to $15.6 million, with the decrease driven primarily by disciplined cost management.

Key Points: 
  • Operating Expenses decreased to $13.2 million compared to $15.6 million, with the decrease driven primarily by disciplined cost management.
  • As of October 31, 2023, Kaival Brands had working capital of approximately $1.9 million and total cash of approximately $0.5 million.
  • Through it all, we remain committed to steadfast compliance with established FDA requirements for our products and business as we have since our inception.
  • Those ten products remain available for sale through Kaival Brands, subject to FDA’s enforcement discretion.

UAE MDO PET Films Market to hit $32.6 Million by 2027: Fueled by 58% E-commerce Surge and Booming Pharma Industry: Ken Research

Retrieved on: 
Monday, February 12, 2024

The UAE's population is booming at 1.4% annually, fueling demand for diverse packaging solutions, with MDO PET Films rising as a star player.

Key Points: 
  • The UAE's population is booming at 1.4% annually, fueling demand for diverse packaging solutions, with MDO PET Films rising as a star player.
  • Food and beverage giants are driving the market, accounting for a 45% share, with MDO PET Films offering superior barrier properties to keep food fresh.
  • EcoFlex Films lead the way with environmentally friendly MDO PET Films, a multi-billion dollar market segment.
  • Ken Research's comprehensive report offers an in-depth exploration of the UAE MDO PET Films market, including:
    Detailed segmentation by film type, distribution channel, application, and end-user

UAE MDO PET Films Market to hit $32.6 Million by 2027: Fueled by 58% E-commerce Surge and Booming Pharma Industry: Ken Research

Retrieved on: 
Monday, February 12, 2024

The UAE's population is booming at 1.4% annually, fueling demand for diverse packaging solutions, with MDO PET Films rising as a star player.

Key Points: 
  • The UAE's population is booming at 1.4% annually, fueling demand for diverse packaging solutions, with MDO PET Films rising as a star player.
  • Food and beverage giants are driving the market, accounting for a 45% share, with MDO PET Films offering superior barrier properties to keep food fresh.
  • EcoFlex Films lead the way with environmentally friendly MDO PET Films, a multi-billion dollar market segment.
  • Ken Research's comprehensive report offers an in-depth exploration of the UAE MDO PET Films market, including:
    Detailed segmentation by film type, distribution channel, application, and end-user

Kaival Brands Partner Bidi Vapor to Contest FDA Denial of ‘Classic’ Tobacco-Flavored ENDS

Retrieved on: 
Monday, January 29, 2024

GRANT-VALKARIA, Fla., Jan. 29, 2024 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company" or "we,” “our” or similar terms), a company focused on incubating and commercializing innovative products into mature and dominant brands, with a current focus on the distribution of electronic nicotine delivery systems (ENDS), which are intended for adults 21 and over, today announced that its licensor and commercial partner, Bidi Vapor LLC (Bidi Vapor), will appeal the U.S. Food and Drug Administration’s (FDA) decision to deny Bidi Vapor’s premarket tobacco product application (PMTA) for Bidi Vapor’s “Classic” tobacco-flavored BIDI® Stick ENDS device. Kaival Brands holds the worldwide license to distribute products made by Bidi Vapor.

Key Points: 
  • Kaival Brands holds the worldwide license to distribute products made by Bidi Vapor.
  • On Monday, January 22, 2024, the FDA issued a marketing denial order (MDO) for Bidi Vapor’s “Classic” BIDI® Stick PMTA.
  • “Bidi Vapor disagrees with the FDA’s decision and is taking immediate action accordingly,” said Niraj Patel, the Founder & Chief Executive Officer of Bidi Vapor, who is also the Chief Science Officer & Founder of Kaival Brands.
  • “While we are disappointed with the FDA’s decision, we are in close contact with Bidi Vapor and laser focused on selling the Bidi Vapor products that we are permitted to,” said Barry M. Hopkins, Executive Chairman of Kaival Brands.

Charter Next Generation Launches GreenArrow™ Cavitated Recycle-Ready PE Films For Confectionery Applications Using Void Technologies' Patented VO+™ Masterbatch Materials

Retrieved on: 
Tuesday, January 23, 2024

Developed in collaboration with VOID Technologies (VOID), the new recycle-ready films meet the rapidly growing demand for flow wrap and confectionery applications.

Key Points: 
  • Developed in collaboration with VOID Technologies (VOID), the new recycle-ready films meet the rapidly growing demand for flow wrap and confectionery applications.
  • Using VOID's patented VO+™ PE Voiding Agent Masterbatch and Machine Direction Orientation (MDO) film processing, CNG has successfully developed high-performing PE film structures that are opaque yet compatible with existing PE recycling streams making more packaging suitable for recycling.
  • Using VOID's patented VO+ technology enables us to achieve the high opacity, ease of processing, and recycle-ready performance we are targeting for these films.
  • We are delighted with this collaboration and to be part of launching this new generation of recycle-ready voided PE films.

Integer to Showcase Latest Innovations in Neuromodulation Miniaturization During NANS 2024 Annual Meeting

Retrieved on: 
Tuesday, January 16, 2024

PLANO, Texas, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Integer Holdings Corporation (NYSE: ITGR), a leading medical device outsource (MDO) manufacturer, will join medtech leaders and innovators around the world in exhibiting at the North American Neuromodulation Society (NANS) Annual Meeting at Caesars Palace in Las Vegas from Jan. 18 – 21, 2024.

Key Points: 
  • PLANO, Texas, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Integer Holdings Corporation (NYSE: ITGR), a leading medical device outsource (MDO) manufacturer, will join medtech leaders and innovators around the world in exhibiting at the North American Neuromodulation Society (NANS) Annual Meeting at Caesars Palace in Las Vegas from Jan. 18 – 21, 2024.
  • During NANS, attendees are invited to visit booth #127 to learn more about Integer’s latest innovations and expanded capabilities in neuromodulation to enable the next generation of miniaturized active implantable devices.
  • “Through miniaturization, Integer is creating the next generation of differentiated platform technologies to accelerate and de-risk OEMs’ path to market for novel implantable medical devices,” said Jim Stephens, President, CRM&N.
  • Xcellion Gen 3 FC delivers best in class battery runtime and full re-charges in as little as 30 minutes.

OrthoPediatrics Corp. Announces Launch of Specialty Bracing Division

Retrieved on: 
Wednesday, December 6, 2023

WARSAW, Ind., Dec. 06, 2023 (GLOBE NEWSWIRE) -- OrthoPediatrics Corp. (“OrthoPediatrics” or the “Company”) (Nasdaq: KIDS), a company focused exclusively on advancing the field of pediatric orthopedics, announced the launch of a new division, focused on non-surgical intervention for pediatric orthopedics.

Key Points: 
  • WARSAW, Ind., Dec. 06, 2023 (GLOBE NEWSWIRE) -- OrthoPediatrics Corp. (“OrthoPediatrics” or the “Company”) (Nasdaq: KIDS), a company focused exclusively on advancing the field of pediatric orthopedics, announced the launch of a new division, focused on non-surgical intervention for pediatric orthopedics.
  • The OrthoPediatrics Specialty Bracing division (“OPSB”) will serve as a flagship house of brands and innovative products that expand the Company’s Total Addressable Market by approximately $600 million.
  • Since the transaction, the Company has been aggressively building a portfolio of complementary products to address the large unmet needs for specialty bracing within the pediatric orthopedic market.
  • OrthoPediatrics’ President of Trauma & Deformity Correction, Joe Hauser will also lead the new non-operative business, commenting, “We are excited for the launch of the new OPSB division, and our continued expansion into pediatric orthopedic non-surgical treatments for kids.

CodeMettle Embraces MOSA and Enables Resilient, Distributed Management Concepts with its Tactical NetOps Software Terminus/Nexus 4.0

Retrieved on: 
Monday, December 11, 2023

ATLANTA, Dec. 11, 2023 /PRNewswire/ -- CodeMettle, an innovative developer of commercial off-the-shelf (COTS) network operations (NetOps) software, announced its 4.0 release of Terminus/Nexus. Leveraging Modular Open Standards Approach (MOSA), Terminus/Nexus now interchangeably offers node and network operations center (NOC) management within the same NetOps software package. This singular solution reduces the number of NetOps tools installed and maintained at every network echelon while providing a versatile nodal manager that rapidly adapts to centralized, decentralized, or hybrid network conditions. Using the same code base, Terminus/Nexus enables Multi-Domain Operations (MDO), resiliency through rapid network configuration and reconfiguration, and uniformity across echelons. Terminus/Nexus is a secure Federal Information Processing Standard (FIPS)-compliant product, adhering to the U.S. Government computer security standard for cryptographic modules.

Key Points: 
  • CodeMettle's innovative NetOps software suite enables modular and distributed network control from the edge to the enterprise and enhances overall network resiliency.
  • ATLANTA, Dec. 11, 2023 /PRNewswire/ -- CodeMettle, an innovative developer of commercial off-the-shelf (COTS) network operations (NetOps) software, announced its 4.0 release of Terminus/Nexus.
  • Leveraging Modular Open Standards Approach (MOSA), Terminus/Nexus now interchangeably offers node and network operations center (NOC) management within the same NetOps software package.
  • Using the same code base, Terminus/Nexus enables Multi-Domain Operations (MDO), resiliency through rapid network configuration and reconfiguration, and uniformity across echelons.