Unifi

UNIFI®, Makers of REPREVE®, Commits to Transforming the Equivalent of 1.5 Billion T-Shirts Worth of Textile and Yarn Waste by FY2030 in New Sustainability Snapshot

Retrieved on: 
Wednesday, February 28, 2024

UNIFI, Inc. (NYSE: UFI ) (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world’s leading innovators in recycled and synthetic yarns, today released its Sustainability Snapshot for FY2023.

Key Points: 
  • UNIFI, Inc. (NYSE: UFI ) (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world’s leading innovators in recycled and synthetic yarns, today released its Sustainability Snapshot for FY2023.
  • The Snapshot shares impactful updates on UNIFI’s innovative sustainability mission, waste reduction achievements, and future goals.
  • With its release, UNIFI debuted its pioneering T-shirt equivalent metric and set an ambitious textile-to-textile recycling target to transform the equivalent of 1.5 billion T-shirts worth of textile and yarn waste into new products by FY2030.
  • The Snapshot has been guided by the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) frameworks.

FINBOA and MEA Financial Announce Partnership

Retrieved on: 
Monday, February 19, 2024

HOUSTON, Feb. 19, 2024 /PRNewswire/ -- FINBOA, a leading innovator in intelligent process automation for regulatory compliance in financial institutions announced a new partnership with MEA Financial to offer integrated dispute intake and automated compliance processing for MEA customers. MEA Financial, a provider of mobile and online banking solutions to banks and credit unions throughout the United States, will now promote the FINBOA Payment Disputes SaaS solution to their client base as an alternative to the inefficient manual compliance processes and systems often used by FIs today. 

Key Points: 
  • HOUSTON, Feb. 19, 2024 /PRNewswire/ -- FINBOA, a leading innovator in intelligent process automation for regulatory compliance in financial institutions announced a new partnership with MEA Financial to offer integrated dispute intake and automated compliance processing for MEA customers.
  • "We are excited to partner with MEA Financial to offer their bank and credit union customers a paperless payment dispute process integrated with MEA Financial online and mobile digital services.
  • This will allow any MEA client financial institution the ability to streamline and simplify the payment dispute process, while improving regulatory compliance," said Raj Singal, CEO and Founder of FINBOA.
  • "We too are excited to bring FINBOA into the MEA partnership program for our UniFI Digital Banking suite" said Edward W Rhea, President/CEO of MEA.

UNIFI®, Makers of REPREVE®, Announces Profitability Improvement Plan and Leadership Promotions

Retrieved on: 
Wednesday, January 31, 2024

Additionally, the transformation of our sales processes will serve as a direct catalyst to improve gross margins and operational efficiencies.

Key Points: 
  • Additionally, the transformation of our sales processes will serve as a direct catalyst to improve gross margins and operational efficiencies.
  • Collectively these actions will better prepare the business to deliver stronger results as our industry pivots to growth in calendar 2024.
  • The Board and I are thrilled to complete the leadership appointments and promotions, as they will make strong impacts on their respective teams and help drive the future growth of our Company.”
    UNIFI began the implementation of an extensive Profitability Improvement Plan in December 2023.
  • The second part of the Profitability Improvement Plan is focused on gross margin expansion initiatives through a transformation of the Company’s sales process.

UNIFI, Makers of REPREVE®, Schedules Second Quarter Fiscal 2024 Earnings Conference Call

Retrieved on: 
Wednesday, January 24, 2024

Unifi, Inc. (NYSE: UFI), (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world’s leading innovators in recycled and synthetic yarns, will host a conference call at 8:30 a.m., Eastern Time, on Thursday, February 1, 2024, to discuss its second quarter fiscal 2024 financial results.

Key Points: 
  • Unifi, Inc. (NYSE: UFI), (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world’s leading innovators in recycled and synthetic yarns, will host a conference call at 8:30 a.m., Eastern Time, on Thursday, February 1, 2024, to discuss its second quarter fiscal 2024 financial results.
  • The second quarter fiscal 2024 financial results and supporting materials will be available after the close of market trading on Wednesday, January 31, 2024 on the Company’s website at http://investor.unifi.com .
  • The conference call can be accessed approximately 10 minutes prior to the beginning of the call by dialing (800) 715-9871 (Domestic) or (646) 307-1963 (International) and, when prompted, providing conference ID number 5079644.
  • There will also be a live audio webcast of the call, which can be accessed on the Company’s website at http://investor.unifi.com .

Precision Textiles Teams with REPREVE® for Industry First Collaboration to Satisfy Consumer Demand for Eco-Friendly Mattresses

Retrieved on: 
Thursday, January 18, 2024

The first-of-its-kind collaboration within the industry makes Precision Textiles the only bedding component manufacturer to use REPREVE® recycled performance fiber in its nonwoven products.

Key Points: 
  • The first-of-its-kind collaboration within the industry makes Precision Textiles the only bedding component manufacturer to use REPREVE® recycled performance fiber in its nonwoven products.
  • Its yarns are spun from recycled plastic bottles that would otherwise end up in landfills and our oceans.
  • As a result, Precision Textiles will eliminate more than 20 million plastic water bottles from waste streams on an annual basis.
  • Precision Textiles has long supported environmental stewardship managing resources in a way that assures sustainability and benefits both present and future generations.

“For the Industry, By the Industry”: CAIA Association Unveils Completely Redesigned Fundamentals of Alternative Investments Program

Retrieved on: 
Wednesday, January 10, 2024

The Chartered Alternative Investment Analyst (CAIA) Association , the global professional body for the alternative investment industry, is today unveiling a completely redesigned and refreshed Fundamentals of Alternative Investments (FAI) program.

Key Points: 
  • The Chartered Alternative Investment Analyst (CAIA) Association , the global professional body for the alternative investment industry, is today unveiling a completely redesigned and refreshed Fundamentals of Alternative Investments (FAI) program.
  • “The first generation of FAI played a critical role at a time when alternatives were just starting to go mainstream,” said Aaron Filbeck, CAIA, CFA, CFP®, CIPM, FDP, Managing Director, and Head of UniFi by CAIA™.
  • The new FAI is being launched this evening at Unveiling the Future: The Next $20 Trillion in Alternative Investments, Club 101, New York, NY at 5:30pm.
  • “Programs like this will help investment professionals deepen and broaden their understanding of and expertise in the evolving role of private investments in client portfolios.”
    More information on UniFi by CAIA™ can be found here: https://caia.org/programs/unifi

Ubiquiti Inc. Introduces UniFi 7, A Massively Scalable Wi-Fi 7 Solution That Revolutionizes Wireless Connectivity

Retrieved on: 
Monday, January 8, 2024

Ubiquiti Inc. (NYSE: UI) (“Ubiquiti”) today announced UniFi 7 — a massively scalable Wi-Fi 7 solution capable of delivering wired-like user experiences.

Key Points: 
  • Ubiquiti Inc. (NYSE: UI) (“Ubiquiti”) today announced UniFi 7 — a massively scalable Wi-Fi 7 solution capable of delivering wired-like user experiences.
  • Now shipping at $189 MSRP, the U7 Professional PoE Access Point (U7 Pro) brings breakthrough Wi-Fi technology into the powerful and license-free UniFi full-stack IT software platform.
  • Designed specifically for professional and enterprise deployments, the U7 Pro is ideal for applications requiring flawless Wi-Fi service within demanding large-scale environments.
  • UniFi is rethinking IT — delivering industry-leading performance and magically simple management at an incredibly low total cost of ownership for organizations.

Unifi Aviation announces spectacular growth as brand marks five-year anniversary and national recognition for diversity

Retrieved on: 
Tuesday, December 19, 2023

The company also celebrates its five-year brand anniversary with recognition as one of "America's Greatest Workplaces for Diversity" for 2024 by Newsweek.

Key Points: 
  • The company also celebrates its five-year brand anniversary with recognition as one of "America's Greatest Workplaces for Diversity" for 2024 by Newsweek.
  • Gautam Thakkar, CEO, Unifi: "We are now a billion-dollar plus company, launching operations in new, key markets and being deliberate about how we scale our organization," said Unifi CEO Gautam Thakkar.
  • In November, Unifi launched ramp, baggage and ground support operations for WestJet at Calgary International Airport – its first operation in Canada.
  • To support its growing business, Unifi Aviation also invested in recruiting the best talent in the industry.

Maybank, MR.DIY, and Spritzer are among the Winners of the 2023 - 2024 World Branding Awards

Retrieved on: 
Friday, December 8, 2023

The 17th edition of the World Branding Awards honoured the success and achievements of some of the World’s Best Brands as National, Regional, and Global Winners.

Key Points: 
  • The 17th edition of the World Branding Awards honoured the success and achievements of some of the World’s Best Brands as National, Regional, and Global Winners.
  • The 2023 - 2024 World Branding Awards saw over 1,500 brands from more than 40 countries nominated as “Brand of the Year”.
  • Winners from Malaysia include Spritzer, Munchy’s, Getha, Maybank, MR.DIY, Sunway Property, Golden Screen Cinema, Al-Ikhsan Sports, Twisties, Unifi, and Aeon.
  • The World Branding Awards is the premier awards of the World Branding Forum, a registered non-profit organisation.

Unifi Aviation wins Unsung Hero Award for General Manager who overcame personal challenges, drove operational success

Retrieved on: 
Tuesday, December 5, 2023

"JJ's story is one of operational excellence, and personal triumph..."

Key Points: 
  • "JJ's story is one of operational excellence, and personal triumph..."
    Hernandez, a seasoned professional in the aviation industry, was awarded for his unparalleled resilience when faced with life-altering news.
  • Greg Kennedy, COO of Unifi, commended Hernandez's achievements, "JJ's story is one of operational excellence, and personal triumph.
  • Josh Kennedy, SVP, Operations for Unifi says, "I've had the privilege of knowing and working with JJ for five years.
  • Hernandez's recognition not only highlights his remarkable journey but also reflects Unifi Aviation's commitment to excellence, safety, and elevating its people.