Europe

Mavenir Wins Award for Multi-G Open RAN Small Cell Solutions

Friday, May 14, 2021 - 8:00am

b"Mavenir, the Network Software Provider building the future of networks with cloud-native software that runs on any cloud and transforms the way the world connects, is pleased to announce that it has won the Small Cell Forum Judges\xe2\x80\x99 Choice award for its role in transforming mobile networks through its Multi-G Open RAN small cell solutions and its Mobile Network Operator (MNO) Open RAN neutral host integration.\nMulti-G Open RAN small cell solutions: Adding 2G/3G across a single unified RAN to support Multi-G radio access in 2020, Mavenir extended its Open Radio Access Network (Open RAN) capabilities across 2G, 3G, 4G and 5G to offer MNOs and enterprises a complete end-to-end, software-centric network proposition, spanning small cell radios to converged packet core to digital enablement solutions.

Key Points: 
  • b"Mavenir, the Network Software Provider building the future of networks with cloud-native software that runs on any cloud and transforms the way the world connects, is pleased to announce that it has won the Small Cell Forum Judges\xe2\x80\x99 Choice award for its role in transforming mobile networks through its Multi-G Open RAN small cell solutions and its Mobile Network Operator (MNO) Open RAN neutral host integration.\nMulti-G Open RAN small cell solutions: Adding 2G/3G across a single unified RAN to support Multi-G radio access in 2020, Mavenir extended its Open Radio Access Network (Open RAN) capabilities across 2G, 3G, 4G and 5G to offer MNOs and enterprises a complete end-to-end, software-centric network proposition, spanning small cell radios to converged packet core to digital enablement solutions.
  • This enables the move towards one network, rather than managing cost and complexity of several different networks.
  • The technology platform is the first cloud-enabled solution that solves indoor mobile connectivity challenges by enabling the ability to host multiple networks using the same IT infrastructure, providing considerable cost savings for MNOs.\nPresenting the award, Caroline Gabriel, Chair of Judges and Co-founder Rethink Research, said, \xe2\x80\x9cThe judges selected Mavenir for the special Judges\xe2\x80\x99 Choice award for a rich record of innovation in many aspects of the small cell platform.
  • As the industry's only end-to-end, cloud-native network software provider, Mavenir is focused on transforming the way the world connects, accelerating software network transformation for 250+ Communications Service Providers in over 120 countries, which serve more than 50% of the world\xe2\x80\x99s subscribers.\n"

Syngenta Crop Protection and Valagro Withdraw from Potential SICIT Group transaction

Friday, May 14, 2021 - 6:30am

Syngenta and Valagro continue to be impressed with the SICIT Group team, business and products.\nNonetheless, the latest circumstances have left it difficult for Syngenta and Valagro to develop a reasonable path forward for a transaction and, as a result, Syngenta and Valagro will not be proceeding with the proposed transaction.

Key Points: 
  • Syngenta and Valagro continue to be impressed with the SICIT Group team, business and products.\nNonetheless, the latest circumstances have left it difficult for Syngenta and Valagro to develop a reasonable path forward for a transaction and, as a result, Syngenta and Valagro will not be proceeding with the proposed transaction.
  • We, of course, continue to wish the best success for SICIT Group and all associated with SICIT Group.\nSyngenta is one of the world\xe2\x80\x99s leading agriculture companies, comprised of Syngenta Crop Protection and Syngenta Seeds.
  • Syngenta Crop Protection and Syngenta Seeds are part of Syngenta Group.
  • Valagro became part of Syngenta Crop Protection in 2020.\nData protection is important to us.

AM Best Affirms Credit Ratings of Protective Life Corporation and Its Key Life Subsidiaries

Thursday, May 13, 2021 - 10:22pm

b'AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of \xe2\x80\x9caa-\xe2\x80\x9d (Superior) of the primary life insurance subsidiaries of Protective Life Corporation (headquartered in Birmingham, AL), collectively known as Protective Life.

Key Points: 
  • b'AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of \xe2\x80\x9caa-\xe2\x80\x9d (Superior) of the primary life insurance subsidiaries of Protective Life Corporation (headquartered in Birmingham, AL), collectively known as Protective Life.
  • Additionally, AM Best has affirmed the Long-Term ICR of \xe2\x80\x9ca-\xe2\x80\x9d (Excellent) and the existing Long-Term Issue Credit Ratings (Long-Term IR) of Protective Life Corporation.
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best\xe2\x80\x99s Credit Ratings .

hear.com Announces Postponement of Its Initial Public Offering

Thursday, May 13, 2021 - 9:16pm

b'hear.com N.V., the largest online provider of expert, medical-grade hearing care globally, today announced that it has postponed plans for its initial public offering due to current challenging equity market conditions.

Key Points: 
  • b'hear.com N.V., the largest online provider of expert, medical-grade hearing care globally, today announced that it has postponed plans for its initial public offering due to current challenging equity market conditions.
  • The company will continue to monitor the market for more stable conditions.\nMorgan Stanley and J.P. Morgan are acting as joint lead book-running managers for the proposed offering and as representatives of the underwriters for the proposed offering.
  • These Securities may not be sold nor may offers to buy be accepted until the Registration Statement becomes effective.
  • hear.com has helped millions get on the path to better hearing with its Hearing Success Program.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513006018/en/\n'

AM Best Assigns Credit Ratings to Nectaris Re Ltd.

Thursday, May 13, 2021 - 8:34pm

b'AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of \xe2\x80\x9ca\xe2\x80\x9d (Excellent) to Nectaris Re Ltd. (Nectaris Re), the operating subsidiary of Nectaris Holdings Ltd. (both domiciled in Bermuda).

Key Points: 
  • b'AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of \xe2\x80\x9ca\xe2\x80\x9d (Excellent) to Nectaris Re Ltd. (Nectaris Re), the operating subsidiary of Nectaris Holdings Ltd. (both domiciled in Bermuda).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best\xe2\x80\x99s Credit Ratings .
  • For information on the proper media use of Best\xe2\x80\x99s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best\xe2\x80\x99s Credit Ratings and AM Best Rating Action Press Releases .\nAM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.
  • For more information, visit www.ambest.com .\nCopyright \xc2\xa9 2021 by A.M. Best Rating Services, Inc. and/or its affiliates.

IFF Achieves Key 2020 Sustainability Goals

Thursday, May 13, 2021 - 9:15pm

b'IFF (NYSE:IFF) today announced the achievement of key 2020 sustainability goals that were set at the launch of the Company\xe2\x80\x99s sustainability program in 2010.

Key Points: 
  • b'IFF (NYSE:IFF) today announced the achievement of key 2020 sustainability goals that were set at the launch of the Company\xe2\x80\x99s sustainability program in 2010.
  • IFF has also achieved its 2020 goal to have 100% of the palm oil used in its products be certified according to the Roundtable on Sustainable Palm Oil (RSPO) Mass Balance Supply Chain Model.\nThese and other milestones are captured in its latest Sustainability Report, \xe2\x80\x9cFor a Better World,\xe2\x80\x9d which is published today.
  • Greg Yep, IFF\xe2\x80\x99s Chief Research & Development, Global Integrated Solutions and Sustainability Officer, said, \xe2\x80\x9cLooking back over ten years of sustainability at IFF, we are thrilled with what we have been able to achieve.
  • Mr. Fibig and Dr. Yep will be joined by Chief Investor Relations & Communications Officer Michael DeVeau; and Vice President, Global Sustainability & EHS Kip Cleverley, who will share updates on IFF\xe2\x80\x99s key ESG metrics, goals and sustainability strategy.

KBRA Assigns Preliminary Ratings to RRE 2 Loan Management DAC

Thursday, May 13, 2021 - 8:05pm

b'Kroll Bond Rating Agency UK Limited (KBRA) assigns preliminary ratings to five classes of notes to be issued by RRE 2 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans and bonds.\nRRE 2 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (\xe2\x80\x9cRRAM UK\xe2\x80\x9d or the \xe2\x80\x9ccollateral manager\xe2\x80\x9d).

Key Points: 
  • b'Kroll Bond Rating Agency UK Limited (KBRA) assigns preliminary ratings to five classes of notes to be issued by RRE 2 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans and bonds.\nRRE 2 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (\xe2\x80\x9cRRAM UK\xe2\x80\x9d or the \xe2\x80\x9ccollateral manager\xe2\x80\x9d).
  • This transaction will reset the terms of the CLO, including the stated maturity, non-call period, reinvestment period, note interest rates and notional balances.
  • The ratings reflect initial credit enhancement levels, coverage tests including par value and interest coverage tests, excess spread, and a reinvestment overcollateralisation test.\nThe collateral in RRE 2 Loan Management DAC will mainly consist of broadly syndicated leveraged loans and bonds issued by corporate obligors diversified across sectors.
  • Kroll Bond Rating Agency UK is located at Augustine House, Austin Friars, London, EC2N 2HA, United Kingdom.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005950/en/\n'

nVent Receives Highest Honor at Fifth Annual Dow Safety Excellence Awards

Thursday, May 13, 2021 - 7:11pm

b"nVent Electric plc (NYSE:NVT) (\xe2\x80\x9cnVent\xe2\x80\x9d), a global leader in electrical connection and protection solutions, today announced the nVent Thermal Management Houston team earned the Dow Diamond Award\xe2\x80\x94the highest possible honor\xe2\x80\x94at the fifth Annual Dow Safety Excellence Awards ceremony.

Key Points: 
  • b"nVent Electric plc (NYSE:NVT) (\xe2\x80\x9cnVent\xe2\x80\x9d), a global leader in electrical connection and protection solutions, today announced the nVent Thermal Management Houston team earned the Dow Diamond Award\xe2\x80\x94the highest possible honor\xe2\x80\x94at the fifth Annual Dow Safety Excellence Awards ceremony.
  • \xe2\x80\x9cWe are proud of our Houston team for their hard work, dedication and continued commitment to safety as they adapted to unprecedented circumstances.
  • This recognition reflects the continual efforts of every Houston team member acting as a steward of safety at nVent.
  • Dow selected nVent from several contractors in the technical group, where nominees earn bronze, silver, gold or \xe2\x80\x9cbest in class\xe2\x80\x9d awards.