Outspoken editor-in-chief Hu Xijin says he is baffled over Australia's sense of superiority. SOURCE: Global Times
Outspoken editor-in-chief Hu Xijin says he is baffled over Australia's sense of superiority. SOURCE: Global Times
Gensource Potash Corporation ("Gensource" or the "Company") (TSX.V:GSP) a fertilizer development company focused on a sustainable and modular approach to potash production, is pleased to provide a general update on its activities and the current status of various workstreams the Company is engaged in to advance its Tugaske Project.
State after state, America's largest cannabis companies are paying up for land grabs as more states legalize marijuana.
Cryptocurrency ether hit a record high on Wednesday, adding to a recent surge on the back of a broader run-up in decentralised finance applications and increasing institutional interest in cryptocurrencies. Ether, the second-biggest cryptocurrency by market capitalisation after bitcoin, climbed to a peak of $4,372.35, eclipsing its previous record hit on Monday, and was last up 2% on the day. Bitcoin was down a touch at $56,353.
Dublin, May 12, 2021 (GLOBE NEWSWIRE) -- The "TFT LCD Panel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. TFT (Thin Film Transistor) is an active-matrix LCD along with an improved image quality where one transistor for every pixel controls the illumination of the display enabling an easy view even in bright environments. This technology currently represents the most popular LCD display technology and accounts for the majority of the global display market. Being light in weight, slim in construction, high in resolution with low power consumption, TFT's are gaining prominence in almost all the industries wherever displays are required. They find applications in various electronic goods such as cell phones, portable video game devices, televisions, laptops, desktops, etc. They are also used in automotive industry, navigation and medical equipment, laser pointer astronomy, SLR cameras and digital photo frames. According to the publisher, the global TFT LCD panel market reached a value of US$ 150.2 Billion in 2020.The report titled "TFT LCD Panel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" provides a detailed insight into the global TFT LCD panel market. The report has segmented the market on the basis of size, technology, applications and major regions. On the basis of size, large sized panels dominated the global TFT LCD display market. Large sized panels were followed by the medium and small sized TFT-LCD panels. On the basis of technology, the report found that the 8th generation represented the most popular TFT LCD technology. On the basis of applications, the television industry accounted for the largest share in the global TFT LCD market. The television industry was followed by mobile phones, mobile PCs, monitors and the automotive industry. Geography-wise, North America represented the largest market accounting for more than one-third of the total global TFT LCD panel sales. North America was followed by Asia-Pacific and Europe. The report has also covered some of the major players operating in this market which include LG, SAMSUNG, INNOLUX, AUO and SHARP. Looking forward, the publisher expects the global TFT LCD panel market to exhibit moderate growth during the next five years.This report provides a deep insight into the global TFT LCD panel industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a TFT LCD manufacturing plant. The study analyses the manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the TFT LCD panel industry in any manner.Key Questions Answered in This Report:1. What is the market size for the global TFT LCD panel market?2. What is the global TFT LCD panel market growth?3. What are the global TFT LCD panel market drivers?4. What are the key industry trends in the global TFT LCD panel market?5. What is the impact of COVID-19 on the global TFT LCD panel market?6. What is the global TFT LCD panel market breakup by size?7. What is the global TFT LCD panel market breakup by application?8. What are the major regions in the global TFT LCD panel market?9. Who are the key companies/players in the global TFT LCD panel market?Key Topics Covered: 1 Preface2 Scope and Methodology 3 Executive Summary4 Introduction4.1 Overview4.2 Key Industry Trends5 Global Display Industry5.1 Market Overview5.2 Market Performance5.3 Market Breakup by Technology5.4 Market Breakup by Application5.5 Market Forecast6 Global TFT-LCD Display Panel Industry6.1 Market Overview6.2 Market Performance6.2.1 Volume Trends6.2.2 Value Trends6.3 Price Analysis6.3.1 Key Price Indicators6.3.2 Price Structure6.3.3 Margin Analysis6.4 Market Breakup by Region6.5 Market Breakup by Size and Technology6.6 Market Breakup by Application6.7 Market Forecast6.8 SWOT Analysis6.8.1 Overview6.8.2 Strengths6.8.3 Weaknesses6.8.4 Opportunities6.8.5 Threats6.9 Value Chain Analysis6.9.1 Raw Material Procurement6.9.2 Manufacturer6.9.3 Marketing and Distribution6.9.4 Retailer6.9.5 Exporter6.9.6 End-User6.10 Porter's Five Forces Analysis6.10.1 Overview6.10.2 Bargaining Power of Buyers6.10.3 Bargaining Power of Suppliers6.10.4 Degree of Competition6.10.5 Threat of New Entrants6.10.6 Threat of Substitutes6.11 Key Market Drivers and Success Factors7 TFT-LCD Display Panel Market: Breakup by Size7.1 Large Size TFT-LCD Display Panel7.1.1 Market Trends7.1.2 Market Forecast7.2 Medium and Small Size TFT-LCD Display Panel7.2.1 Market Trends7.2.2 Market Forecast8 TFT-LCD Display Panel Market: Breakup by Application8.1 Television8.1.1 Market Trends8.1.2 Market Forecast8.2 Mobile Phones8.2.1 Market Trends8.2.2 Market Forecast8.3 Mobile PCs8.3.1 Market Trends8.3.2 Market Forecast8.4 Monitors8.4.1 Market Trends8.4.2 Market Forecast8.5 Automotive8.5.1 Market Trends8.5.2 Market Forecast8.6 Others8.6.1 Market Trends8.6.2 Market Forecast9 TFT-LCD Display Panel Market: Performance of Key Regions9.1 North America9.1.1 Market Trends9.1.2 Market Forecast9.2 Asia Pacific9.2.1 Market Trends9.2.2 Market Forecast9.3 Europe9.3.1 Market Trends9.3.2 Market Forecast9.4 Middle East and Africa9.4.1 Market Trends9.4.2 Market Forecast9.5 Latin America9.5.1 Market Trends9.5.2 Market Forecast10 Competitive Landscape10.1 Market Structure10.2 Market Breakup by Key Players11 TFT-LCD Display Panel Manufacturing Process11.1 Product Overview11.2 Detailed Process Flow11.3 Various Types of Unit Operations Involved11.4 Mass Balance and Raw Material Requirements12 Project Details, Requirements and Costs Involved12.1 Land Requirements and Expenditures12.2 Construction Requirements and Expenditures12.3 Plant Machinery12.4 Raw Material Requirements and Expenditures12.5 Packaging Requirements and Expenditures12.6 Transportation Requirements and Expenditures12.7 Utility Requirements and Expenditures12.8 Manpower Requirements and Expenditures12.9 Other Capital Investments13 Loans and Financial Assistance14 Project Economics14.1 Capital Cost of the Project14.2 Techno-Economic Parameters14.3 Product Pricing and Margins Across Various Levels of the Supply Chain14.4 Taxation and Depreciation14.5 Income Projections14.6 Expenditure Projections14.7 Financial Analysis14.8 Profit Analysis15 Key Player Profiles15.1 LG Electronics Inc. 15.1.1 Company Overview 15.1.2 Company Description 15.1.3 Operations 15.1.4 Strategy15.1.5 SWOT Analysis 15.2 Samsung Electronics Co., Ltd. 15.2.1 Company Overview 15.2.2 Company Description 15.2.3 Operations 15.2.4 Strategy 15.2.5 SWOT Analysis 15.3 Innolux Corporation 15.3.1 Company Overview 15.3.2 Company Description 15.4 AU Optronics Corp. 15.4.1 Company Overview 15.4.2 Company Description 15.4.3 Operations 15.4.4 SWOT Analysis 15.5 Sharp Corporation 15.5.1 Company Overview 15.5.2 Company Description 15.5.3 Strategy 15.5.4 SWOT Analysis For more information about this report visit https://www.researchandmarkets.com/r/kmxjmn CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager firstname.lastname@example.org For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Velodyne Lidar CEO Anand Gopalan is a featured speaker at the Reuters Smart Infrastructure & Energy Week online event.
The "Granulomatosis with Polyangiitis - Epidemiology Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
Papendrecht, 12 May 2021 The market picture and developments in the first quarter at Royal Boskalis Westminster N.V. (Boskalis) are in line with expectations as outlined at the announcement of the 2020 annual results. HIGHLIGHTS FIRST QUARTER 2021 Revenue virtually stable compared to Q1 2020 with a higher result Effects of the COVID-19 pandemic continue to be felt throughout the operationReasonable fleet utilization in both Dredging and Offshore EnergyFurther increase in order book to record level of EUR 5.6 billionSustained strong financial position; net cash position of EUR 275 million and a directly available financial headroom of more than EUR 1 billion OPERATIONAL PERFORMANCEWhen the 2020 annual results were announced, the expectation was that the first half of 2021 would be reasonably stable as a result of the COVID-19 related restrictions with a gradual improvement in the second half of the year. The first quarter developments were in line with this expectation. Compared to the same period last year, revenue was almost stable with a higher result. The utilization of the large vessels (hopper fleet at Dredging and heavy marine transport vessels at Offshore Energy) was almost stable compared to the 2020 full year level. The order book position at the end of the quarter increased by approximately EUR 270 million compared to the record level at the end of 2020 to EUR 5.6 billion. The net cash position decreased in line with expectations but the financial position is still very solid. Dredging & Inland InfraRevenue at the Dredging & Inland Infra division decreased compared to the first quarter last year, mainly due to the timing of certain projects in the Netherlands and COVID-19 related operational disruptions. Noteworthy projects in progress included LNG Canada, Pulau Tekong Polder and Tuas Terminal 2 (both in Singapore), Fehmarnbelt tunnel (between Denmark and Germany), Romanian Beaches and the sizable Markermeerdijken project from the Dutch national Flood Protection Program, as well as several other medium-sized projects in the Netherlands. The utilization of the hopper fleet was at a similar level to the 2020 full year rate and therefore good given the circumstances. The two large cutter suction dredgers were idle in the first quarter in line with expectations with anticipated deployment as from the summer in the Philippines and Singapore respectively. In the first quarter, the investment decision was taken to lengthen the trailing suction hopper dredger Oranje. This investment is part of the corporate business plan presented last year. For the extension, the Orange will be taken out of service for four months in the second half of 2021, after which the vessel will return to service in the first quarter of 2022 with approximately 33% percent more loading capacity with a hopper capacity of approximately 21,000 cubic meters. The Dredging & Inland Infra order book increased slightly compared to the end of 2020. The largest project addition related to the Oosterweel link in Belgium, in addition to a variety of port and energy projects (both LNG and offshore wind). After the end of the quarter, the provisional award was received for the extensive Meanderende Maas dike reinforcement project, which is also part of the aforementioned Dutch Flood Protection Program. Offshore EnergyThe first quarter at Offshore Energy proceeded in line with expectations with a slightly higher revenue level compared to the first quarter 2020. The contracting part of the division consists of Seabed Intervention, Heavy Lifting (including offshore wind foundations) and Subsea Cables. At Seabed Intervention, the main revenue contribution came from a Floating Storage and Regasification Unit project in El Salvador as well as the Yunlin offshore wind project in Taiwan. Subsea Cables had a relatively busy quarter with projects including Ostwind 2 and Morray East in progress. At Heavy Lifting, engineering preparations are in full swing for the Changfang & Xidao project that will enter its execution phase in Taiwan later this year. The services part of the division consists of Marine Transport & Services, Subsea Services and Marine Survey. At Marine Transport, the BOKA Vanguard was fully utilized with the transport of the Argos Floating Production Unit. The utilization of the rest of the fleet showed a mixed picture, partly due to the rescheduling of a project into the second half of the year. On balance, the utilization of the heavy marine transport vessels was fractionally lower compared to 2020 full year. At Marine Survey, revenue decreased compared to early last year following an exceptionally busy first quarter 2020 in the Middle East. At Subsea Services, the acquisition of Rever Offshore at the end of 2020 and the associated fleet expansion contributed to a substantial growth in revenue. Significant steps were taken in the quarter with the integration of Rever Offshore contributing positively to earnings. A number of vessels were recently added to the Offshore Energy fleet. In early January, this was the Boka Tiamat, a multi-purpose offshore construction vessel. This vessel will initially be used for offshore wind projects in Taiwan. In late March, the Lewek Fulmar was acquired, the sister vessel of the Boka Falcon that was added to the fleet in 2019. In early April, the large CSV Southern Ocean was acquired. The vessel can be deployed on a broad variety of projects throughout the division. At Marine Survey, the new geophysical survey vessel the Ocean Resolution was commissioned and has been in full operation since the first quarter. Furthermore, two vessels were recently purchased that will be converted in the coming months into respectively a geotechnical (Horizon Geodiscovery) and a geophysical (Ocean Geograph) survey vessel. Finally, the conversion of the Bokalift 2 crane vessel is progressing well. The vessel will be deployed on the Changfang & Xidao wind project immediately upon completion. A wide variety of new projects were taken on in the quarter and the Offshore Energy order book increased by approximately 10 percent compared to the end of 2020. The share of offshore wind projects in the order book is approximately 50 percent. Towage & SalvageAt Salvage the start of 2021 was marked by several challenging projects, including the salvage of the VLCC New Diamond, the refloating of the Ever Given in the Suez Canal and the salvage of the freighter Eemslift Hendrika. Salvage revenue was at a similar level compared to the first quarter of 2020. The contribution of the Towage joint ventures was higher than last year due to a combination of factors. FINANCIAL POSITIONThe exceptionally high net cash position of EUR 439 million at year-end 2020 decreased by almost EUR 165 million to EUR 275 million, largely due to capital expenditures, the share buyback program and a normalization of the working capital level. With the available cash and bank facilities Boskalis has a directly available financial headroom of more than EUR 1 billion. The company thereby comfortably meets its financial covenants. OUTLOOKBoskalis is in good shape with its historically high order book and strong financial position. As indicated at the publication of the 2020 annual results in early March, 2021 will be largely determined by the further course of the COVID-19 pandemic impacting the start-up of several large international projects in the second half of this year. Given these uncertainties and the project-based nature of a significant part of our activities, it is difficult to make quantitative statements about the 2021 annual result. However, with the developments in the first quarter and the well-filled order book, there is a solid basis to match the EBITDA of 2020 this year. Capital Expenditure in 2021 is expected to amount to approximately EUR 350 million including dry dockings, but excluding any acquisitions. Adjusted Financial CalendarNote: the publication date of the half-year results 2021 has been changed to Tuesday 24 August, 07.00 CET. 2021-2022 FINANCIAL AGENDA 12 May 2021 Annual General Meeting of Shareholders 14 May 2021 Ex-dividend date 17 May 2021 Record date for dividend entitlement (after market closes) 24 May 2021 Dividend payment date 24 August 2021 Publication of 2021 half-year results (new date) 12 November 2021 Trading update third quarter 2021 10 March 2022 Publication of 2021 annual results 12 May 2022 Trading update first quarter 2022 12 May 2022 General Meeting of Shareholders 18 August 2022 Publication of 2022 half-year results 11 November 2022 Trading update third quarter 2022 Consensus EstimatesBoskalis collects earnings estimates from those sell-side analysts that follow Boskalis prior to the publication of the (semi-)annual figures and planned trading updates. The average of these estimates (consensus estimates) can be consulted on the Boskalis website boskalis.com/IR/estimates. FOR FURTHER INFORMATION Investor relations:Martijn L.D. Schuttevâerir@boskalis.com Press:Arno Schikkerpress@boskalis.com T +31 786969310 This is a Boskalis press release on the grounds of article 17 paragraph 1 of the European Market Abuse Regulation (596/2014). This is an English translation of the Dutch press release. In the event of any disparity between the Dutch original and this translation, the Dutch text will prevail. Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Keppel Smit Towage and Smit Lamnalco). With a versatile fleet of more than 700 vessels and floating equipment and 9,600 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com. Attachment Boskalis Trading Update ENG 12052021
Lazard Ltd (NYSE:LAZ) reported today that its preliminary assets under management ("AUM") as of April 30, 2021 totaled approximately $274.4 billion. The month’s AUM included market appreciation of $6.9 billion, foreign exchange appreciation of $2.7 billion and net outflows of $0.1 billion.
OneSpaWorld Holdings Limited (NASDAQ: OSW) ("OneSpaWorld," or the "Company"), the pre-eminent global provider of health and wellness services and products on-board cruise ships and in destination resorts around the world, today announced its financial results for its first quarter ended March 31, 2021.
– RECONNECT, a confirmatory pivotal trial of Zygel™ in patients with FXS, expected to be initiated in the third quarter of 2021 – – Cash runway well into first half 2024; $93.1 million at March 31, 2021 – DEVON, Pa., May 12, 2021 (GLOBE NEWSWIRE) -- Zynerba Pharmaceuticals, Inc. (Nasdaq: ZYNE), the leader in innovative pharmaceutically-produced transdermal cannabinoid therapies for rare and near-rare neuropsychiatric disorders, today reported financial results for the first quarter ended March 31, 2021, and provided an overview of recent operational highlights and a pipeline update. “We are committed to delivering on our important milestones in 2021 as we develop Zygel in multiple neuropsychiatric indications, including initiating a confirmatory pivotal Phase 3 trial, RECONNECT, in the third quarter of 2021, after productive dialogue and alignment with the FDA,” said Armando Anido, Chairman and Chief Executive Officer of Zynerba. “With a cash runway that takes us well into the first half of 2024, we believe that we are ideally positioned to continue our efforts to develop the first FDA approved treatment for patients with Fragile X syndrome.” First Quarter 2021 and Recent Highlights and Zygel Pipeline Update Zygel in Fragile X Syndrome (FXS) Zynerba expects to initiate RECONNECT (A Randomized, Double-Blind, Placebo-Controlled, Multiple-Center, Efficacy and Safety Study of ZYN002 Administered as a Transdermal Gel to Children and Adolescents with Fragile X Syndrome), a pivotal, multi-national confirmatory Phase 3 trial of Zygel in children and adolescents with FXS, in the third quarter of 2021. The trial is designed to confirm the positive results observed in a population of responders in the Company’s previously conducted CONNECT-FX trial. (Press release)The RECONNECT trial will be an 18-week trial which will enroll approximately 200 children and adolescents of which approximately 160 patients will have complete (100%) methylation of their FMR1 gene and approximately 40 patients will have partial methylation of their FMR1 gene. The primary endpoint for the trial will be the change in the Aberrant Behavior Checklist-Community FXS Specific (ABC-CFXS) Social Avoidance subscale in patients who have complete methylation of their FMR1 gene. All patients, including the cohort of partially methylated patients, will be included in a key secondary endpoint analysis. The Company believes that the results, if positive, from RECONNECT will be sufficient to support the submission of a New Drug Application for Zygel in patients with FXS.Presented data at the Society of Biological Psychiatry (SOBP) 2021 Virtual Meeting demonstrating that the ABC-CFXS subscales capture behaviors that are impactful and meaningful in clinical trials of children with FXS. Furthermore, the data showed that Zygel provided meaningful improvements in behavioral symptoms of FXS in patients with ≥90% methylation of the FMR1 gene. (Press release)Presented data at the SOBP 2021 Virtual Meeting suggesting that effective silencing of the FMR1 gene may have led to differences in treatment response in patients with ≥90% methylation of the FMR1 gene in the CONNECT-FX trial. In the ≥90% methylation group of CONNECT-FX, Zygel was superior to placebo in multiple analyses, including reaching statistical significance on the primary endpoint in a pre-planned ad hoc analysis. (Press release) Zygel in 22q11.2 Deletion Syndrome (22q) As the COVID-19-related restrictions in Australia are easing, the Company has resumed screening of patients for the 14-week open label Phase 2 INSPIRE trial in children and adolescents with genetically confirmed 22q. Once enrollment is complete, a timeframe for disclosing topline results of the trial will be provided. Zygel in Autism Spectrum Disorder (ASD) In the first half of 2021, Zynerba intends to discuss with the FDA data supporting the potential efficacy of Zygel in ASD, including the results of the Phase 2 BRIGHT trial in children and adolescents with moderate to severe ASD, to determine the regulatory path forward. Zygel in Developmental and Epileptic Encephalopathies (DEE) Zynerba is conducting an observational trial that will help finalize target syndrome selection in one or more DEE syndromes in 2021. Due to the heterogeneity of patients who fall under the DEE umbrella, Zynerba will pursue individual syndromes rather than considering DEE as a single disorder or condition (Press release). First Quarter 2021 Financial Results Research and development expenses were $4.6 million for the first quarter of 2021, including stock-based compensation of $0.6 million. General and administrative expenses were $3.3 million in the first quarter of 2021, including stock-based compensation expense of $0.6 million. The net loss for the first quarter of 2021 was $8.0 million with basic and diluted loss per share of $(0.20). Financial Outlook In August 2019, the Company entered into a Controlled Equity OfferingSM Sales Agreement (the “2019 Sales Agreement”) with Cantor Fitzgerald & Co., Canaccord Genuity, LLC, H.C. Wainwright & Co. LLC and Ladenburg Thalmann & Co. Inc., as sales agents. In the first quarter of 2021, the Company sold and issued 10,244,326 shares of common stock under the 2019 Sales Agreement in the open market at a weighted average selling price of $4.22 per share, resulting in gross proceeds of $43.2 million. Net proceeds after deducting commissions and offering expenses were $42.2 million. As of March 31, 2021, cash and cash equivalents were $93.1 million, compared to $59.2 million as of December 31, 2020. Management believes that the Company’s cash and cash equivalents as of March 31, 2021 are sufficient to fund operations and capital requirements well into the first half of 2024. About Zynerba Pharmaceuticals, Inc. Zynerba Pharmaceuticals is the leader in innovative pharmaceutically-produced transdermal cannabinoid therapies for rare and near-rare neuropsychiatric disorders. We are committed to improving the lives of patients and their families living with severe, chronic health conditions including Fragile X syndrome, autism spectrum disorder, 22q11.2 deletion syndrome, and a heterogeneous group of rare and ultra-rare epilepsies known as developmental and epileptic encephalopathies. Learn more at www.zynerba.com and follow us on Twitter at @ZynerbaPharma. Cautionary Note on Forward-Looking Statements This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. We may, in some cases, use terms such as “predicts,” “believes,” “potential,” “proposed,” “continue,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from the Company’s current expectations. Management’s expectations and, therefore, any forward-looking statements in this press release could also be affected by risks and uncertainties relating to a number of other factors, including the following: the Company’s cash and cash equivalents may not be sufficient to support its operating plan for as long as anticipated; the Company’s expectations, projections and estimates regarding expenses, future revenue, capital requirements, incentive and other tax credit eligibility, collectability and timing, and availability of and the need for additional financing; the Company’s ability to obtain additional funding to support its clinical development programs; the results, cost and timing of the Company’s clinical development programs, including any delays to such clinical trials relating to enrollment or site initiation; clinical results for the Company’s product candidates may not be replicated or continue to occur in additional trials and may not otherwise support further development in a specified indication or at all; actions or advice of the U.S. Food and Drug Administration and foreign regulatory agencies may affect the design, initiation, timing, continuation and/or progress of clinical trials or result in the need for additional clinical trials; the Company’s ability to obtain and maintain regulatory approval for its product candidates, and the labeling under any such approval; the Company’s reliance on third parties to assist in conducting pre-clinical and clinical trials for its product candidates; delays, interruptions or failures in the manufacture and supply of the Company’s product candidates the Company’s ability to commercialize its product candidates; the size and growth potential of the markets for the Company’s product candidates, and the Company’s ability to service those markets; the Company’s ability to develop sales and marketing capabilities, whether alone or with potential future collaborators; the rate and degree of market acceptance of the Company’s product candidates; the Company’s expectations regarding its ability to obtain and adequately maintain sufficient intellectual property protection for its product candidates; the timing and outcome of current and future legal proceedings; and the extent to which health epidemics and other outbreaks of communicable diseases, including COVID-19, could disrupt our operations or adversely affect our business and financial conditions. This list is not exhaustive and these and other risks are described in the Company’s periodic reports, including the annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, filed with or furnished to the Securities and Exchange Commission and available at www.sec.gov. Any forward-looking statements that the Company makes in this press release speak only as of the date of this press release. The Company assumes no obligation to update forward-looking statements whether as a result of new information, future events or otherwise, after the date of this press release. ZYNERBA PHARMACEUTICALS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) Three months ended March 31, 2021 2020 Operating expenses: Research and development $4,609,010 $6,882,793 General and administrative 3,275,797 3,916,569 Total operating expenses 7,884,807 10,799,362 Loss from operations (7,884,807) (10,799,362) Other income (expense): Interest income 5,633 201,684 Foreign exchange gain (loss) (82,454) (1,740,151) Total other expense (76,821) (1,538,467) Net loss $(7,961,628) $(12,337,829) Net loss per share - basic and diluted $(0.20) $(0.53) Basic and diluted weighted average shares outstanding 40,065,715 23,399,438 Non-cash stock-based compensation included above: Research and development $619,391 $510,476 General and administrative 645,446 812,876 Total $1,264,837 $1,323,352 ZYNERBA PHARMACEUTICALS, INC.CONSOLIDATED BALANCE SHEETS (unaudited) March 31, 2021 December 31, 2020 Assets Current assets: Cash and cash equivalents $93,130,194 $59,157,187 Incentive and tax receivables 9,009,814 9,042,586 Prepaid expenses and other current assets 5,060,547 5,166,401 Total current assets 107,200,555 73,366,174 Property and equipment, net 535,003 585,403 Incentive and tax receivables 338,810 — Right-of-use assets 733,933 105,199 Total assets $108,808,301 $74,056,776 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $1,678,193 $2,522,716 Accrued expenses 10,680,655 11,280,843 Lease liabilities 209,325 109,689 Total current liabilities 12,568,173 13,913,248 Lease liabilities, long-term 525,141 — Total liabilities 13,093,314 13,913,248 Stockholders' equity: Common stock 41,252 29,975 Additional paid-in capital 305,807,818 262,286,008 Accumulated deficit (210,134,083) (202,172,455) Total stockholders' equity 95,714,987 60,143,528 Total liabilities and stockholders' equity $108,808,301 $74,056,776 Zynerba Contacts Jim Fickenscher, CFO and VP Corporate DevelopmentZynerba Pharmaceuticals484.email@example.com Peter VozzoWestwicke/ICROffice: 443.213.0505Cell: 443.377.4767Peter.Vozzo@Westwicke.com
It has plenty of growth opportunities ahead, but has its share price gotten too expensive for it to make you rich?
Lands’ End and Reese Witherspoon’s Lifestyle Brand, Draper James, debuts new swimwear and plans to launch sleepwear and home collections this Fall Lands' End Lands' End X Draper James Swim Collection DODGEVILLE, Wis., May 12, 2021 (GLOBE NEWSWIRE) -- Lands’ End (NASDAQ: LE), a leading uni-channel retailer known for high quality apparel for the whole family and the home, and Draper James, a classic American lifestyle brand founded by Reese Witherspoon inspired by her Southern roots, announce the continuation of their partnership. The two brands are introducing a new women’s swimwear collection this month and unveiling plans to release home and sleepwear collections in Fall 2021. "At Draper James, we are committed to our mission in delivering comfort, style and confidence to women everywhere,” said Reese Witherspoon. “For our second collection, we are thrilled to combine our signature prints and design details with Lands’ End’s fit expertise, to introduce a swim collection created with all women in mind.” The two brands initially partnered on a joint swimwear collection in March 2020. The original collection combined Lands' End’s classic design, swimwear expertise and its most beloved styles with Draper James' Americana-inspired style and signature magnolia and gingham prints and design details. "We are excited to continue to expand our collaboration with Draper James to bring to market more styles that not only fit every body, but provide a sense of comfort for our consumers," said Chieh Tsai, EVP, Chief Product Officer, Lands' End. "Lands' End is proud to partner with a brand that shares our value in creating body positive apparel and advocating for inclusive offerings to wear whether you’re at home or by the pool." Together, Lands' End and Draper James are championing comfort and confidence through swimwear, sleepwear and home collections that stand for size inclusivity, effortless style and contemporary design. The Draper James X Lands' End collection will feature iconic Draper James prints on timeless Lands’ End silhouettes. Lands' End and Draper James will also continue to partner with Girls Inc. to encourage future generations to embrace body positivity and inspire all girls to be strong, smart, and bold. A percentage of proceeds from all collection sales will benefit Girls Inc. The collection will be available at LandsEnd.com, all Lands' End retail locations, DraperJames.com and Draper James locations in Nashville, TN; Atlanta, GA; and Lexington, KY. About Lands’ End, Inc.:Lands' End, Inc. (NASDAQ: LE) is a leading uni-channel retailer of casual clothing, accessories, footwear and home products. We offer products online at www.landsend.com, on third party online marketplaces and through our own Company Operated stores, as well as third-party retail locations. We are a classic American lifestyle brand with a passion for quality, legendary service and real value, and seek to deliver timeless style for women, men, kids and the home. About Draper James:Draper James is a classic, American lifestyle brand founded by Reese Witherspoon, inspired by her Southern roots. Reese named the brand after her grandparents who taught her everything she knows about gracious Southern living. Launched in May 2015, the collection consists of ready-to-wear, accessories and home accents — offering classic grace and charm, no matter where you live. The collection is available at the flagship store in Nashville, as well as the brick-and-mortar locations in Lexington, Kentucky; Atlanta, Georgia — and at draperjames.com. About Girls Inc.:Girls Inc. inspires all girls to be strong, smart, and bold through direct service and advocacy. We work with schools and in communities to provide the mentoring relationships, safe spaces, and evidence-based programming that are proven to help girls succeed. Girls build the knowledge, skills, and confidence to lead change in their lives and effect change in the world. Girls Inc. also works with and for girls to advance legislation and policies that increase opportunities for all girls. Together with partners and supporters, we are building a new generation of leaders. Join us at girlsinc.org. Media Contact:Lands’ EndTricia DudleyDirector, Global CommunicationsTricia.Dudley@landsend.com303-349-9933 A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5ced2be3-7ece-48b6-93f0-6b14ce7da654
First PPA With Clean Power Alliance (CPA), With Potential for Additional Agreements in the FutureRENO, Nev., May 12, 2021 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA) announced that it has signed a 15-year power purchase agreement (PPA) with the Clean Power Alliance (CPA), which is the fifth largest electricity provider in California and the single largest provider of 100% renewable energy to customers in the nation. Under terms of the agreement, effective January 1, 2022, CPA will purchase 14 MW of clean, renewable energy from Ormat’s Heber South Geothermal facility located in Imperial Valley, CA. The CPA Board of Directors approved the PPA during its May 6 meeting. This 14 MW of baseload geothermal power is expected to advance CPA’s greenhouse gas emission reduction goals while enhancing overall reliability for CPA’s more than one million southern California customer accounts. The PPA replaces the original PPA with Southern California Public Power Authority (SCPPA), which had a shorter remaining duration and was subject to an early termination option. This is Ormat’s first contract with CPA, creating the potential for additional agreements in the future as CPA pursues aggressive goals to provide renewable energy to southern California. Doron Blachar, CEO of Ormat Technologies, said, “This agreement establishes a mutually productive relationship with CPA, a recognized leader in the renewable sector, and gives Ormat additional security through a longer-term PPA than our prior agreement. Ormat will add 14 MW of renewable energy to CPA’s already diverse energy portfolio, enabling CPA to power 19,400 homes and bringing CPA closer to meeting its regulatory obligations under SB 100 and SB 350, which requires that 65% of Renewables Portfolio Standard (RPS) procurement be sourced from long-term contracts beginning in 2021.” “Partnering with Ormat Technologies is a great fit for Clean Power Alliance as the Southern California Heber South facility will allow us to provide renewable geothermal electricity to our customers when the sun isn’t shining or the wind isn’t blowing,” said Ted Bardacke Executive Director of Clean Power Alliance. “This is a win for the environment and a win for grid reliability.” ABOUT CLEAN POWER ALLIANCE Founded in 2017, Clean Power Alliance is the locally operated electricity provider for 30 cities across Los Angeles County and Ventura County as well as the unincorporated areas of both counties. CPA is the fifth largest electricity provider in California and the single largest provider of 100% renewable energy to customers in the nation. CPA serves approximately three million customers via one million customer accounts, providing clean renewable energy at competitive rates. For more information visit cleanpoweralliance.org. ABOUT ORMAT TECHNOLOGIES With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”), with robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market. The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,200 MW of gross capacity. Ormat leveraged its core capabilities in the geothermal and REG industries and its global presence to expand the Company’s activity into energy storage services, solar Photovoltaic (PV) and energy storage plus Solar PV. Ormat’s current 932 MW of geothermal and Solar generating portfolio is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe and its 83 MW energy storage portfolio is located in the U.S. ORMAT’S SAFE HARBOR STATEMENT Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to Ormat's plans, objectives and expectations for future operations and are based upon its management's current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, see "Risk Factors" as described in Ormat’s Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 26, 2021 and from time to time, in Ormat’s quarterly reports on Form 10-Q that are filed with the SEC. These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Ormat Technologies Contact:Smadar LaviVP Corporate Finance and Head of Investor Relations775-356-9029 (ext. 65726)firstname.lastname@example.orgInvestor Relations Agency Contact:Rob FinkFNK IR646email@example.com
HARTSVILLE, S.C., May 12, 2021 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies (“Sonoco”), today announced that as of 5:00 p.m., New York City time, on May 11, 2021 (the “Early Tender Deadline”), $63,206,000 principal amount of its outstanding 5.75% Senior Notes due 2040 (the “Notes”) have been tendered in its previously announced cash tender offer (the “Offer”) to purchase up to $300,000,000 aggregate principal amount (the “Tender Cap”) of the Notes, as well as the anticipated early settlement date for the Offer on May 13, 2021 (the “Early Settlement Date”). The Offer commenced on April 28, 2021 and will expire at 11:59 p.m., New York City time, on May 25, 2021 (such time and date, as the same may be extended, the “Expiration Date”). No tenders will be valid if submitted after the Expiration Date. The terms and conditions of the Offer are described in the Offer to Purchase, dated April 28, 2021 (as it may be amended or supplemented from time to time, the “Offer to Purchase”). The following table sets forth some of the terms of the Offer: Title ofSecurityCUSIP NumberPrincipal Amount OutstandingReference U.S. Treasury SecurityBloomberg Reference Page(1)Fixed Spread (basis points)Principal Amount Tendered5.75% Senior Notes due 2040835495AJ1$600,000,0001.625% UST due November 15, 2050FIT 1120 bps$63,206,000 (1) The applicable page on Bloomberg from which the Dealer Manager named below will quote the bid side prices of the Reference U.S. Treasury Security (each, as defined herein). In the above table, “UST” denotes a U.S. Treasury Security. Sonoco will accept for purchase all $63,206,000 aggregate principal amount of Notes validly tendered and not validly withdrawn prior to the Early Tender Deadline. The deadline to validly withdraw tenders was 5:00 p.m., New York City time, on May 11, 2021, and no withdrawal rights shall exist for tenders submitted after the Early Tender Deadline except in certain limited circumstances where additional withdrawal rights are required by law. The consideration paid in the Offer for Notes that are validly tendered and not validly withdrawn at or prior to the Early Tender Deadline and accepted for purchase will be determined in the manner described in the Offer to Purchase by reference to a fixed spread over the yield to maturity (the “Reference Yield”) of the Reference U.S. Treasury Security specified in the table above and in the Offer to Purchase (the “Total Consideration”), and includes an early tender premium of $50.00 per $1,000 principal amount of the Notes accepted for purchase (the “Early Tender Premium”) plus accrued and unpaid interest up to, but not including, the Early Settlement Date. The Reference Yield will be determined at 10:00 a.m., New York City time, today, unless extended by Sonoco. Holders of Notes who validly tender their Notes following the Early Tender Deadline but on or prior to the Expiration Date will only receive the “Tender Offer Consideration” per $1,000 principal amount of any such Notes validly tendered and not validly withdrawn by such holders that are accepted for purchase, which is equal to the Total Consideration minus the Early Tender Premium. Sonoco reserves the right, but is under no obligation, to increase, decrease or eliminate the Tender Cap at any time, subject to applicable law, which could result in Sonoco purchasing a greater or lesser aggregate principal amount of the Notes, and Sonoco may do so without extending the Early Tender Deadline, the Withdrawal Deadline or the Expiration Date. Tenders of Notes will be accepted only in principal amounts equal to $2,000 or integral multiples of $1,000 in excess thereof. The Offer is not conditioned on any minimum principal amount of Notes being tendered. Sonoco’s obligation to accept for payment and to pay for the Notes validly tendered and not validly withdrawn in the Offer is subject to the satisfaction or waiver of a number of conditions described in the Offer to Purchase. Sonoco reserves the absolute right, subject to applicable law, to: (i) waive any or all conditions to the Offer; (ii) extend, terminate or withdraw the Offer; (iii) increase, decrease or eliminate the Tender Cap without extending the Early Tender Deadline, the Withdrawal Deadline or the Expiration Date, which could result in Sonoco’s purchasing a greater or lesser aggregate principal amount of the Notes; or (iv) otherwise amend the Offer in any respect. None of Sonoco or its board of directors, J.P. Morgan Securities LLC (the “Dealer Manager”), D.F. King & Co., Inc., or The Bank of New York Mellon Trust Company, NA., as trustee under the indenture pursuant to which the Notes were issued, is making any recommendation as to whether holders should tender any Notes in the Offer. Holders must make their own decisions as to whether to tender any of their Notes, and, if so, the principal amount of Notes to tender. Holders should consult their own tax, accounting, financial and legal advisers as they deem appropriate regarding the suitability of the tax, accounting, financial and legal consequences of participating or declining to participate in the Offer. Information Relating to the Offer Sonoco has retained J.P. Morgan Securities LLC as Dealer Manager. D.F. King & Co., Inc. is the Tender Agent and Information Agent. For additional information regarding the terms of the tender offer, please contact J.P. Morgan Securities LLC at (866) 834-4666 (toll-free) or (917) 808-9154 (collect). Requests for documents and questions regarding the tendering of securities may be directed to D.F. King & Co., Inc. by telephone at (212) 269-5550 (for banks and brokers only), (866) 356-7814 (for all others toll-free) or by email at firstname.lastname@example.org or to the Dealer Manager at the above telephone numbers. This press release does not constitute an offer or an invitation by Sonoco to participate in the Offer in any jurisdiction in which it is unlawful to make such an offer or solicitation. The Offer is being made only pursuant to the Offer to Purchase, and the information in this press release is qualified by reference to such Offer to Purchase. This press release is not an offer to purchase any other securities of Sonoco. About Sonoco Founded in 1899, Sonoco is a global provider of consumer, industrial, healthcare and protective packaging. With annualized net sales of approximately $5.2 billion, the Company has 20,000 employees working in more than 300 operations in 34 countries serving some of the world’s best-known brands in some 85 nations. Sonoco is committed to creating sustainable products, services and programs for our customers, employees and communities that support our corporate purpose of Better Packaging. Better Life. The Company was listed as one of Fortune’s World’s Most Admired Companies 2021 as well as being included in Barron's 100 Most Sustainable Companies for the third year in a row. Forward-looking Statements Statements included herein that are not historical in nature, are intended to be, and are hereby identified as “forward-looking statements” for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are based on current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by management. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual results may differ materially from those expressed or forecasted in such forward-looking statements. The Company undertakes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed herein might not occur. Additional information concerning some of the factors that could cause materially different results is included in the Company’s reports on forms 10-K, 10-Q and 8-K filed with the Securities and Exchange Commission. Such reports are available from the Securities and Exchange Commission’s public reference facilities and its website and from the Company’s investor relations department and the Company’s website. Contact: Roger Schrum +843-339-6018 email@example.com
VIRGINIA CITY, Nev., May 12, 2021 (GLOBE NEWSWIRE) -- Comstock Mining Inc. (the “Company”) (NYSE American: LODE) today announced selected unaudited financial results for the fiscal quarter ended March 31, 2021. First Quarter 2021 Selected Strategic Highlights Launched the first MCU commercial mercury remediation and extraction system in the Philippines;Acquired direct majority equity stake rights in LINICO Corporation, a lithium-ion battery recycling company;Secured a State-of-the-Art battery recycling facility and commenced permitting;Selected Renewal Process Solutions (“RPS”) as manufacturer of our “Crushing to Black Mass” system;Strengthened our technical, mercury, hazardous waste, environmental and engineering organization; andParticipated in the Adelaide Capital Battery Metals Charity Pitch Battle with fifteen other battery metals companies and was voted by investors and participants as the number one (winner!) presentation. Unaudited First Quarter 2021 Selected Financial Highlights Total operating costs were a $0.3 million credit in Q1 2021, a $1.6 million, or 127%, decrease from the prior year quarter, due to lower mining and mine claim costs driven by a $0.8 million reduction in our reclamation liability estimate of and an accelerated $0.8 million Tonogold reimbursement benefit;Other income was $7.8 million in Q1 2021, a $6.8 million, or 676%, increase from the prior year quarter, principally resulting from a new derivative asset related to the investment in LINICO;Net income was $8.2 million, or $0.22 per common share, for the quarter ended March 31, 2021, as compared to a net loss of $0.3 million, or $(0.01) per common share, for the quarter ended March 31, 2020;Total assets increased to $70.0 million in Q1 2021, a 63% increase from year end 2020, driven by $17.0 million in equity raises, new investments in LINICO, and increases in notes receivable and advances;Total debt decreased to $0, a 100% decrease from year end 2020, as all debt obligations were extinguished;Cash and cash equivalents at March 31, 2021, were $10.3 million; andCommon shares outstanding at March 31, 2021, were 42,455,515. Mr. De Gasperis stated, “We have completed a remarkable transformation of our balance sheet, begun increasing our engineering and technical competencies, completely repositioned into growth assets, with more to come, and aligned compensation organizationally with our shareholders. If we do not deliver, we do not vest, it’s that simple.” Climate Smart Mining and Valorization to Clean Energy Transition Comstock Secures Majority Stake in LiNiCo; Indirect Stake in Green Li-ion During the quarter, Comstock announced transactions securing majority equity stake rights in LINICO Corporation (“LiNiCo”), a lithium-ion battery (“LIB”) recycling company that recently acquired a state-of-the-art battery metal recycling facility located in the Tahoe Reno Industrial (“TRI”) Center in Storey County, Nevada. The Company will pay up to $4,500,000 in cash and delivered 3,000,000 restricted common shares during Q1 2021, representing up to $10,750,000 in consideration and other non-cash commitments for up to 64% ownership of LiNiCo. LiNiCo has used a portion of these proceeds to increase its direct strategic investment in Green Li-ion Pte, Ltd. (“Green Li-ion”) to more than 20%, secure a state-of-the-art battery metal recycling facility, and purchase proprietary process equipment enabling the production of black mass and ultimately metal-based solutions, including but not limited to, lithium carbonate and cathodes in the U.S. The new facility was designed and well situated to, receive, crush, and separate battery materials into black mass. LiNiCo plans to convert black mass into rejuvenated, high purity, battery grade metals and ultimately pure cathodes faster than conventional solutions. LiNiCo has commenced securing permits, feedstock arrangements and engineering the crushing, separation and metal and cathode processing systems, with proprietary processes for producing battery grade metals and ultimately cathode materials. LiNiCo plans on commencing production early next year. Mercury Clean Up, LLC (“MCU”) and the Launch of MCU Philippines, Inc. (“MCU-P”) Operations During 2019, the Company entered into a Mercury Remediation Pilot, Investment and Joint Venture Agreement (the “MCU Agreement”) with MCU. Pursuant to the MCU Agreement, the Company paid $2 million of capital contributions in exchange for 15% of the fully-diluted membership interests of MCU. The Company also has 50% fully-diluted share holdings in MCU-P, the first international mercury remediation joint venture in the Philippines that officially commenced processing during the first quarter of 2021, in the province of Davao D’ Oro, Philippines, with full political and regulatory support of the eco-system-wide mercury clean up. The Company has exercised its rights to coordinate up to $3 million in secured financing for MCU-P, and recently completed the first $2 million of secured loans to MCU-P, simultaneously earning another 10% of MCU (for a total of 25%), resulting in the Company securing its rights to 62.5% of the economics for all projects. Mr. De Gasperis continued, “We are facing the inevitabilities of the ‘perfect storm’ of demand from the world-wide transition to clean energy and increasing demand on these increasingly scarce natural resources. We are currently evaluating several very exciting ESG and nature-based, highly accretive, valorization projects and investments.” Gold and Silver Developments Dayton and Spring Valley Gold and Silver Mineral Property Development During the first quarter, the Company received the results from the Geotech Ltd. ("Geotech") airborne geophysical survey of the Dayton resource area, Spring Valley exploration targets, and the rest of the Comstock properties. The survey included both magnetic and Geotech's proprietary Versatile Time-Domain Electromagnetic ("VTEM") surveys. The results have already greatly increased the Company’s understanding of the Dayton and Spring Valley resource expansion potential, along with the Company’s other exploration targets in Lyon and Storey Counties.The Dayton is the Company’s top exploration and development target. Our geology team has now completed the updates of the interpretive model of the entire Dayton area. Our technical team has now commenced updating and generating a new gold and silver resource estimate based on a standalone, S-K 1300, technical report summary. This technical report will include additional drilling recommendations and technical development plans and will deliver an updated resource estimate which represents a critical prerequisite step toward an economic feasibility report. The Company will profile its specific exploration drill programs for the Dayton-Spring Valley complex. Occidental Lode Mineral Property Development The Company has a growing portfolio of NSR Royalties on the northern Comstock mineral properties, including the Lucerne and Occidental claims. Tonogold Resources, Inc. (“Tonogold”) is preparing a technical report with resource estimates for the Lucerne and ongoing developments for the Occidental. On May 4, 2021, Tonogold announced the results of three, near surface, reverse circulation (RC) holes completed on the southern portion of the Occidental Lode trend, as summarized below: Hole No.From (m)To (m)Length (m)Au (g/t)Ag (g/t)TC-00635.0538.103.050.4851.0and65.5380.7715.241.59614.0including73.1577.724.573.01225.9and92.9796.013.051.0097.6TC-00725.9147.2421.343.22615.7including25.9133.537.627.23826.9and59.4464.014.570.4721.9TC-0080.0018.2918.291.4584.4including3.057.624.572.7703.5 Tonogold has publicly reported that it has completed five holes in the Occidental, two core and three RC holes. Tonogold has also announced its intention to mobilize an additional RC drill rig to the southern Occidental target area and plans to have the RC drill in operation by mid-May 2021. The rig will support its proposed drill program for the target area that envisions an additional 23 holes, totaling approximately 2,400 meters. Six of the 23 holes will test the down dip extension of known mineralization below prior drilling levels. Tonogold plans on using the results of the Occidental drill program to generate another preliminary resource estimate. In conjunction with the development of a resource estimate, exploration is planned to the north along the Occidental Lode, where Tonogold controls and the Company retains royalties on more than three uninterrupted kilometers of the Lode's strike. Outlook Moving Forward The Company’s strategic plan is designed to deliver significant shareholder value during the next three years. The plan objectives include operating and growing existing and new Environmental, Social and Corporate Governance (“ESG”) driven projects, including MCU and LiNiCo, while monetizing more than $20 million in additional non-strategic assets, and funding this new growth. The specific objectives are shown below.Specific Performance Objectives for Existing Projects Commercialize a global, ESG-compliant, profitable, mercury remediation and other critical mineral systems: • Establish the technical efficacy of MCU’s Comstock Mercury System, and protect the intellectual property; • Deploy and operate the first international mercury remediation project by deploying MCU’s first, second and at least third mercury remediation systems into the Philippines; • Identify, evaluate and prioritize a pipeline of potential mercury remediation projects; then deploy the third and fourth mercury remediation projects, producing extended, superior cash flow returns; and, • Assess and acquire accretive, ESG-based, strategic expansion opportunities. Establish and grow the value of our mineral properties: • Establish the Dayton Resource area’s maiden, stand-alone mineral resource estimate; • Expand the Dayton-Spring Valley Complex through exploration drilling and geophysical modelling; • Develop the expanded Dayton-SV Complex toward full economic feasibility, supporting a decision to mine; • Entitle the Dayton-SV Complex with geotechnical, metallurgical, environmental studies and permitting; and, • Validate the Comstock NSR Royalty portfolio (e.g., Lucerne Mine, Occidental Lode, Comstock Lode). Monetize non-strategic assets and build a quality organization: • Monetize our third-party, junior mining securities responsibly, for $12.5 million or more; • Monetize our non-mining assets for $12.5 million, excluding the Gold Hill Hotel; • Grow the value of our Opportunity Zone investments to over $30 million; and, • Deploy a systemic organization, capable of accelerating growth and handling complexity. Mr. De Gasperis emphasized, “We have directly linked these strategic performance objectives with our goal of delivering $500 million in shareholder value (or at least $12 per share), and then aligned all of our people with 100% performance-based, stock-based compensation based on both delivering these objectives and achieving at least that amount of value to our shareholders. Again, when our shareholders are rewarded, so are we. We continue building the organizational competencies, especially in chemical engineering, in lithium-ion battery recycling, mercury remediation, and other solvent extraction and processing technologies for our valorization objectives.” Systemic organization, capable of accelerating growth and handling complexity “We have expanded our team to build stakeholder value with transformative, high value, high impact, climate smart mining and valorization projects, in large part to meet rapidly escalating demand for the increasingly scarce metals and other raw materials needed to fuel the global transition to clean energy,” stated Corrado De Gasperis, Executive Chairman and CEO. “We have seasoned professionals, chemists, material scientists and engineers engaged and focused on one singular aligned goal, that is, growing per share value by commercializing environment-enhancing, natural-resource based processes and products that generate predictable cash flows (“Throughput”) that delivers $500 million of equity value (that is, at least $12 per share) from our Nevada-based platform. This system and our professionals will all be on hand at the 2021 Annual General Meeting (AGM) on June 3, 2021. Please be there.” On March 4, 2021, the Company closed on a $16 million registered direct sale of 4 million common shares at a price of $4.00 per share. Net proceeds were approximately $15 million, after commissions and expenses. On March 5, 2021, the Company extinguished all of its debt obligations totaling $3.6 million, immediately saving more than $0.3 million in annual interest expense. The Company now has 42,455,515 common shares outstanding, including the 4 million shares sold in the offering, and the 3 million restricted shares issued in the LiNiCo acquisition. On April 1, 2021, the Company made a loan to Plain Sight Innovations LLC ("PSI") pursuant to a secured promissory note with a face value of $750,000 (the "PSI Note"). The PSI Note principal, together with interest at the rate of 12% per annum, is due and payable on September 30, 2021, and is secured by substantially all of the assets of PSI. The Company is currently collaborating with PSI and RPS on a number of material science advancements associated with lithium-ion battery storing, crushing, and black mass processing, among others. Conference CallThe Company will host a conference call today, May 12, 2021, at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time. The live call will include a moderated Q&A, after the prepared comments by the Company. The Webinar will include a moderated Q&A, after the prepared remarks. Please join the event 10 to 15 minutes prior to the scheduled start time. The link and/or dial-in telephone numbers for the live Webcast are as follows: Join Our Zoom WebinarWhen: May 12, 2021 08:00 AM Pacific Time (US and Canada)Topic: Comstock Mining First Quarter 2021 Results Please click the link below to join the webinar:https://us02web.zoom.us/j/84038612204Or One tap mobile:US: +12532158782,,84038612204#Or Telephone:US: +1 669 900 9128 or +1 646 558 8656 Webinar ID: 840 3861 2204International numbers available: https://us02web.zoom.us/u/kQGUDK9ZgThe recording of the Webinar will be available, within 48 hours of the call, on the Company website:http://www.comstockmining.com/investors/investor-library About Comstock Mining Inc. Comstock Mining Inc. (NYSE: LODE) (the “Company”) is an emerging leader in the sustainable extraction, valorization, and production of innovation-based, clean, renewable natural resources, with a focus on high-value, cash-generating, strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products. To learn more, please visit www.comstockmining.com. Forward-Looking StatementsThis press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: consummation of all pending transactions; project, asset or Company valuations; future industry market conditions; future explorations, acquisitions, investments and asset sales; future performance of and closings under various agreements; future changes in our exploration activities; future estimated mineral resources; future prices and sales of, and demand for, our products; future impacts of land entitlements and uses; future permitting activities and needs therefor; future production capacity and operations; future operating and overhead costs; future capital expenditures and their impact on us; future impacts of operational and management changes (including changes in the board of directors); future changes in business strategies, planning and tactics and impacts of recent or future changes; future employment and contributions of personnel, including consultants; future land sales, investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; the nature and timing of and accounting for restructuring charges and derivative liabilities and the impact thereof; contingencies; future environmental compliance and changes in the regulatory environment; future offerings of equity or debt securities; asset sales and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: counterparty risks; capital markets’ valuation and pricing risks; adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over title to properties; potential dilution to our stockholders from our stock issuances and recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting businesses; permitting constraints or delays; decisions regarding business opportunities that may be presented to, or pursued by, us or others; the impact of, or the non-performance by parties under agreements relating to, acquisitions, joint ventures, strategic alliances, business combinations, asset sales, leases, options and investments to which we may be party; changes in the United States or other monetary or fiscal policies or regulations; interruptions in production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors or others; assertion of claims, lawsuits and proceedings; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer. Contact information: Comstock Mining Inc.P.O. Box 1118 Virginia City, NV 89440ComstockMining.comCorrado De GasperisExecutive Chairman & CEOTel (775) firstname.lastname@example.orgZach SpencerDirector of External RelationsTel (775) 847-5272 Ext.email@example.com
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Dublin, May 12, 2021 (GLOBE NEWSWIRE) -- The "Emotion Detection and Recognition Market by Component (Solutions [Facial Expression Recognition, Speech & Voice Recognition], Services), Technology, Application Area, End User, Vertical, Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering. In the post-COVID-19 scenario, the global emotion detection and recognition market size is projected to grow from USD 19.5 billion in 2020 to USD 37.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.3% during the forecast period. The major factors driving the market growth include the rising need for accretion of speech-based emotion detection systems to analyze emotional states, Adoption of IoT, AI, ML, and deep learning technologies across the globe, growing demand in the Automotive AI industry, growing need for high operational excellence, and rising need for socially intelligent artificial agents. By solution, the biosensing software tools and apps segment to hold the largest market size in 2020 Biosensing software tools and apps collect human gestures through sensors, such as Electrocardiography (ECG), Electroencephalography (EEG), Electromyography (EMG), eye-tracking sensors, and wearables These software tools convert the collected inputs into mathematical form and interpret them for various applications, which is used in online learning systems, law enforcement sectors (applications, such as lie-detection and other threat detection), and healthcare. The use of biosensing software tools and apps to analyze growing inputs from the increasing adoption of biosensors, such as wearables, can act as a game-changer for this particular market. By end-user, the industrial segment to register the highest growth rate during the forecast period The industrial end-user includes big manufacturing giants and heavy industrial equipment manufacturers, such as automobile, chemical industry, real estate, renting and leasing, textile industry, brewing industry, and the energy industry, which consists of the electricity industry, natural gas industry, and the petroleum industry. These end-users deploy emotion detection and recognition software to minimize or restrict fraudulent activities. Emotion detection and recognition software can also be integrated with devices and applications of other automotive industries to have an emotional connection with the users and track the data with emotion sensors to gain a deeper understanding and improve customer experiences. The Asia Pacific to register the highest growth rate during the forecast period Asia Pacific (APAC) has witnessed an advanced and dynamic adoption of new technologies and is expected to record the highest CAGR in the global emotion detection and recognition market during the forecast period. APAC constitutes major economies, such as China, Japan, and Australia, which are expected to register high growth rates in the emotion detection and recognition market. End users, such as industrial, commercial, and enterprises are expected to adopt emotion detection and recognition solutions at the highest rate in the region. Companies operating in APAC would benefit from the flexible economic conditions, industrialization-motivated policies of the governments, as well as from the growing digitalization, which is expected to have a significant impact on the business community. By Company Type: Tier 1 - 53%, Tier 2 - 29%, and Tier 3 - 18%By Designation: C-level - 39%, D-level - 27%, and Others - 34%By Region: North America - 41%, Europe - 27%, Asia Pacific - 23%, MEA - 6%, Latin America -3% Major vendors offering emotion detection and recognition solutions include NEC Global (Japan), IBM (US), Intel (US), Microsoft (US), Apple (US), Gesturetek (Canada), Noldus Technology (Netherlands), Google (US), Tobii (Sweden), Cognitec Systems (Germany), Cipia Vision Ltd (Formerly Eyesight Technologies) (Israel), iMotions (Denmark), Numenta (US), Elliptic Labs (Norway), Kairos (US), PointGrab (US), Affectiva (US), nViso (Switzerland), Beyond Verbal (Israel), Sightcorp (Holland), Crowd Emotion (UK), Eyeris (US), Sentiance (Belgium), Sony Depthsense (Belgium), Ayonix (Japan), and Pyreos (UK). The emotion detection and recognition market study includes an in-depth competitive analysis of these key market players, along with their profiles, recent developments, and key market strategies. Research Coverage The market study covers the emotion detection and recognition market size across segments. It aims at estimating the market size and the growth potential of this market across different segments by technology, component, solution, application area, end-user, vertical and region. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies. Key Benefits of Buying the Report The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall emotion detection and recognition market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities. Executive Summary: The adoption of emotion detection and recognition technology is a major trend in the global Information Technology (IT) market. These innovative software suites capture and analyze all dimensions of human emotions, gestures, and other physiological changes in subjects/people under observation. These solutions could play a vital role in security surveillance, decision making, and formulating strategies on the basis of time series analysis. Additionally, technology platforms, such as intensive learning, structured on the basis of a robust data repository, comprising extensive analysis of people's behavioural patterns, help provide high precision emotion analytics. Key players in the global emotion detection and recognition market include vendors, such as NEC, IBM, Intel, Microsoft, Apple, GestureTek, Noldus Information Technology, Google, Tobii, Cognitec Systems, Eyesight Technologies, iMotions, Numenta, Elliptic Labs, Kairos, PointGrab, Affectiva, NVISO, Beyond Verbal, SightCorp, CrowdEmotion, Eyeris, Sentiance, Sony Depthsensing Solutions, Ayonix, and Pyreos. For more information about this report visit https://www.researchandmarkets.com/r/y11y1w CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager firstname.lastname@example.org For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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