FEI

Garry Lowenthal Joins PetVivo Holdings, Inc. as the Chief Financial Officer

Retrieved on: 
Monday, March 11, 2024

"We are incredibly excited to have Garry join the PetVivo management team and provide his well-recognized expertise to further the overall mission of PetVivo.” said John Lai, Chief Executive Officer of PetVivo Holdings, Inc. “Mr.

Key Points: 
  • "We are incredibly excited to have Garry join the PetVivo management team and provide his well-recognized expertise to further the overall mission of PetVivo.” said John Lai, Chief Executive Officer of PetVivo Holdings, Inc. “Mr.
  • Mr. Lowenthal has over 25 years of extensive experience in senior operations and key finance management positions, both with private and public companies.
  • Furthermore, Mr. Lowenthal has served on the national board of Financial Executives International (FEI), a premier professional association for CFOs and other senior financial executives.
  • “I am thrilled to join PetVivo, a company whose technology could truly enhance the lives of companion animals,” said Mr. Lowenthal.

First Trust Announces Shareholder Approvals of the Mergers

Retrieved on: 
Friday, March 1, 2024

As previously announced, the mergers were approved by the Boards of Trustees of the Target Funds and EIPI on October 23, 2023.

Key Points: 
  • As previously announced, the mergers were approved by the Boards of Trustees of the Target Funds and EIPI on October 23, 2023.
  • No assurance can be given as to the exact timing of the closing of the mergers.
  • The merger of each Target Fund into EIPI is expected to qualify as a tax-free reorganization for federal income tax purposes.
  • FTA and its affiliate First Trust Portfolios L.P. (“FTP”), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.

First Trust Announces Adjournment of Joint Special Meeting of Shareholders

Retrieved on: 
Tuesday, February 20, 2024

The joint special meeting of shareholders will reconvene on February 29, 2024 at 12:00 p.m. Central time in the offices of FTA at 120 East Liberty Drive, Suite 400, Wheaton, Illinois (the “Meeting”).

Key Points: 
  • The joint special meeting of shareholders will reconvene on February 29, 2024 at 12:00 p.m. Central time in the offices of FTA at 120 East Liberty Drive, Suite 400, Wheaton, Illinois (the “Meeting”).
  • Shareholders of record of each Target Fund as of the close of business on October 23, 2023 are entitled to vote at the Meeting.
  • Whether or not shareholders plan to attend the Meeting, it is important that their shares be represented and voted at the Meeting.
  • Shareholders may vote their shares by one of the methods described in the proxy materials previously mailed to them, which includes a joint proxy statement and prospectus (the “proxy statement”).

Accelerating Success: Snapsheet's 2023 Results and Strategic Vision for Innovative Claims Management

Retrieved on: 
Tuesday, February 13, 2024

Celebrating an impressive 13% year-over-year growth, Snapsheet swiftly managed over 4.3 million claims, processing $15.3 billion in indemnity, showcasing its expertise across virtual appraisal services and claims management.

Key Points: 
  • Celebrating an impressive 13% year-over-year growth, Snapsheet swiftly managed over 4.3 million claims, processing $15.3 billion in indemnity, showcasing its expertise across virtual appraisal services and claims management.
  • State Farm Ventures: Snapsheet secured strategic investment from State Farm Ventures®, fueling digital innovation in claims management technology.
  • Their strategic vision takes shape with these guided principles:
    Continuous Innovation: Snapsheet emphasizes constant internal innovation, fostering partnerships to streamline and automate claims processes.
  • In the ever-changing insurance landscape, Snapsheet stands at the forefront, leading innovative digital insurance solutions and paving the way for excellence.

The Exceptional Women Alliance (EWA) announces selection of Lourdes Pineda, Chief Financial Officer, Harvard Maintenance, as a 2023 Awardee

Retrieved on: 
Wednesday, January 10, 2024

LOS ANGELES, Jan. 10, 2024 /PRNewswire-PRWeb/ -- The Exceptional Women Alliance (EWA) announces the selection of Spring 2023 awardee, Lourdes Pineda, Chief Financial Officer, Harvard Maintenance, the largest privately owned provider of janitorial and property maintenance services in the United States. With over 30 years of experience in the cruise, hospitality, and real-estate service industries, Ms. Pineda brings a wealth of financial expertise to her role. She is responsible for overseeing the Company's financial management functions, including finance and accounting, treasury, tax, audit, and corporate financial strategy.

Key Points: 
  • The Exceptional Women Alliance (EWA) announces that after an expansive search and in-depth interview process, Lourdes Pineda, Chief Financial Officer, Harvard Maintenance, was selected as a Spring 2023 EWA.
  • LOS ANGELES, Jan. 10, 2024 /PRNewswire-PRWeb/ -- The Exceptional Women Alliance (EWA) announces the selection of Spring 2023 awardee, Lourdes Pineda, Chief Financial Officer, Harvard Maintenance, the largest privately owned provider of janitorial and property maintenance services in the United States.
  • She is responsible for overseeing the Company's financial management functions, including finance and accounting, treasury, tax, audit, and corporate financial strategy.
  • "As a financial expert, seasoned executive and key leader, Lourdes creates value from within her organization that extends to the external customer.

Frequency Electronics, Inc. Announces Second Quarter and Fiscal Year 2024 Financial Results

Retrieved on: 
Tuesday, December 12, 2023

Operating income for the second quarter of fiscal year 2024 was $0.9 million compared to an operating loss of $2.3 million for the same period of fiscal year 2023.

Key Points: 
  • Operating income for the second quarter of fiscal year 2024 was $0.9 million compared to an operating loss of $2.3 million for the same period of fiscal year 2023.
  • FEI President and CEO, Tom McClelland commented, “In the second quarter of fiscal year 2024 the trend observed last quarter continued, reflecting the results of the cost cutting efforts and management reorganization which has taken place over the last year and a half.
  • Revenue and gross margin have increased substantially compared to the second quarter of fiscal year 2023, and the Company is reporting an operating profit of approximately $0.9 million compared to an operating loss of $2.3 million in the same quarter of last year.
  • Subsequent to that, the call can be accessed via a link available on the Company’s website through March 12, 2024.

Frequency Electronics Announces Contract Award for Approximately $9 Million

Retrieved on: 
Monday, November 27, 2023

MITCHEL FIELD, N.Y., Nov. 27, 2023 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) announces that it has been awarded a multi-year contract of approximately $9M to deliver advanced atomic clocks for a satellite navigation system for a new FEI, non-US government, customer.

Key Points: 
  • MITCHEL FIELD, N.Y., Nov. 27, 2023 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) announces that it has been awarded a multi-year contract of approximately $9M to deliver advanced atomic clocks for a satellite navigation system for a new FEI, non-US government, customer.
  • Per this contract FEI will deliver atomic frequency standards for deployment on a demonstration satellite to confirm the effectiveness of the navigation system performance.
  • This important award includes contract options with a potential production value of more than $70 million for additional clocks over the next 5 to 6 years.
  • This award underscores our strategic investment in cutting-edge atomic standards and proprietary in-house technologies for space applications.”

Frequency Electronics Announces Contract Award for Approximately $19 Million

Retrieved on: 
Monday, November 20, 2023

MITCHEL FIELD, N.Y., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) announces a contract award of approximately $19m from a major U.S. aerospace prime contractor to supply on-board precision frequency-generation systems for a multi satellite program.

Key Points: 
  • MITCHEL FIELD, N.Y., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) announces a contract award of approximately $19m from a major U.S. aerospace prime contractor to supply on-board precision frequency-generation systems for a multi satellite program.
  • Under this contract, FEI will develop, manufacture, test and deliver within 24 months, state-of-the-art frequency generators and microwave synthesizers.
  • The systems will provide multiple microwave frequencies for the spacecraft platforms within which they are deployed, and enhance their mission effectiveness.
  • This high-performance hardware is derived from similar models that FEI has provided in the past for U.S. Government satellites, and which are successfully operating in orbit.

Frequency Electronics Announces Contract Award for Approximately $25 Million

Retrieved on: 
Tuesday, November 14, 2023

MITCHEL FIELD, N.Y., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) announces a contract award of approximately $25m to deliver precision frequency-generation systems for a next generation national security satellite program.

Key Points: 
  • MITCHEL FIELD, N.Y., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) announces a contract award of approximately $25m to deliver precision frequency-generation systems for a next generation national security satellite program.
  • Under this contract, FEI will develop, manufacture, test and deliver a state-of-the-art frequency generation system to the prime contractor for integration into satellites.
  • The hardware will provide the primary frequency reference for the spacecraft and enhance its mission effectiveness.
  • As an important aspect of this program, FEI is targeted to deliver all the contracted hardware within a period of less than 24 months.

AM Best Affirms Credit Ratings of The Fortegra Group, Inc.’s Insurance Subsidiaries

Retrieved on: 
Friday, December 8, 2023

The property/casualty (P/C) operating subsidiaries of Fortegra include: Lyndon Southern Insurance Company (Wilmington, DE); Insurance Company of the South (Athens, GA); Response Indemnity Company of California (Redondo Beach, CA); Blue Ridge Indemnity Company (Wilmington, DE); Fortegra Specialty Insurance Company (Fortegra Specialty) (Scottsdale, AZ); and Fortegra Europe Insurance Company Limited (FEI) (Malta).

Key Points: 
  • The property/casualty (P/C) operating subsidiaries of Fortegra include: Lyndon Southern Insurance Company (Wilmington, DE); Insurance Company of the South (Athens, GA); Response Indemnity Company of California (Redondo Beach, CA); Blue Ridge Indemnity Company (Wilmington, DE); Fortegra Specialty Insurance Company (Fortegra Specialty) (Scottsdale, AZ); and Fortegra Europe Insurance Company Limited (FEI) (Malta).
  • Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of Fortegra Indemnity Insurance Company, LTD. (Fortegra Indemnity) (Turks and Caicos).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .