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Tevogen Bio will present positive proof-of-concept trial findings at the 5th Annual Allogeneic Cell Therapies Summit in Boston, MA

  • Tevogen’s ExacTcell platform is designed to produce off-the-shelf, genetically unmodified, allogeneic cytotoxic CD8+ T lymphocyte (CTL) products that can be targeted against malignancies and viruses.
  • TVGN 489 is the first clinical product from Tevogen’s ExacTcell platform.
  • TVGN 489 is an off-the-shelf, genetically unmodified, allogeneic CTL product with precise targets across the SARS-CoV-2 genome.
  • The safety and feasibility of TVGN 489 was successfully tested in high-risk ambulatory patients with COVID-19.

 

WARREN, N.J. — (BUSINESS WIRE) — #ASCGT2023Tevogen Bio is pleased to announce that it will present the proof-of-concept clinical trial results of TVGN 489, the company’s first clinical product from its ExacTcell platform, at the 5th Annual Allogeneic Therapies Summit in Boston, MA.


ExacTcell, Tevogen’s precision T cell platform, utilizes CD8+ Cytotoxic T Lymphocytes (CTLs) also known as Killer T Cells, one of nature’s most powerful weapons against cancer and infection. Unlike currently available genetically engineered T cell therapies, the ExacTcell platform is based on careful selection of naturally occurring T cells that recognize targets of interest from the body’s native T cell receptor pool to provide enhanced safety. CD8+ CTLs in ExacTcell based products target multiple and distinct antigens to overcome potential mutational challenges, such as TVGN 489.

 

  • TVGN 489 precisely targets multiple areas across the COVID-19 genome – not just the Spike protein.
  • To date, these TVGN 489 targets, which were identified early in the pandemic, have persisted through the most recent Omicron derived SARS-CoV-2 variants.
  • Conducted at Thomas Jefferson University Hospital in Philadelphia, the trial assessed the safety and feasibility of TVGN 489 when given at one of four escalating doses to patients who were at high-risk for COVID-19-related complications due to their age and other medical conditions.
  • Each patient in the treatment arm received a single infusion of TVGN 489.

 

Positive Proof-of-Concept Clinical Trial Results:

  • No dose-limiting toxicities or significant adverse events related to TVGN 489, including Cytokine Release Syndrome, were observed in any patient at any dose level.
  • Every patient in treatment arm returned to their baseline health status within 14 days.
  • Following TVGN 489 treatment, no incidence of COVID-19 reinfection or Long COVID was observed in any treated patient at the time of the six (6) month follow up.
  • Symptom improvement was reported by all patients receiving TVGN 489 within 2 to 3 days of treatment, which corresponded to a significant decrease in COVID-19 viral load on nasal swab PCR testing in the majority of patients.

 

“TVGN 489 has shown promise as a safe therapy in our proof-of-concept trial, warranting continued development for patients who are vulnerable to poor COVID-19 outcomes, such as the immune-compromised, elderly, and infirm,” stated Dolores Grosso, DNP, the trial’s Principal Investigator.

 

“These proof-of-concept trial results have illustrated the immense potential of Tevogen’s ExacTcell platform, providing a foundation for the future product development for other viral diseases and various cancers. In addition, we are exploring the potential of TVGN 489 for the treatment and prevention of Long COVID,” said Neal Flomenberg, MD, Tevogen’s Chief Scientific Officer.

 

“We believe that cell therapies are expected to be the norm, not the exception,” said Tevogen CEO Ryan Saadi, M.D., M.P.H. “Tevogen aspires and is designed to be the very first biotech to achieve commercial success and patient affordability through advanced science and efficient business models.”

 

About Tevogen’s Next Generation Precision T Cell Platform

Tevogen’s next generation precision T cell platform is designed to provide increased immunologic specificity to eliminate malignant and virally infected cells, while allowing healthy cells to remain intact. Multiple, precise candidate targets on viral or malignant cells are selected in advance for T cell sensitization and effector functions with the goal of overcoming the mutational escape capacity of cancer cells and viruses while limiting cross-reactivity.

 

Tevogen is investigating its technology’s potential to overcome the primary barriers to the broad application of personalized T cell therapies: potency, purity, production-at-scale, and patient-pairing, without the limitations of current approaches. Tevogen’s goal is to provide access to the vast and unprecedented potential of developing personalized immunotherapies for large patient populations impacted by common cancers and viral infections. The ability to administer TVGN-489 in the outpatient setting and the ongoing work by Tevogen scientists to use this product in diverse patient populations, highlights Tevogen Bio’s commitment to patient accessibility.

 

About Tevogen Bio

Tevogen Bio is driven by a team of highly experienced industry leaders and distinguished scientists with drug development and global product launch experience. Tevogen’s leadership believes that accessible personalized immunotherapies are the next frontier of medicine, and that disruptive business models are required to sustain medical innovation in the post-pandemic world.

 

Forward Looking Statements

This press release contains certain forward-looking statements relating to Tevogen Bio™ Inc (the “Company)” and its business. These statements are based on management’s current expectations and beliefs as of the date of this release and are subject to several factors which involve known and unknown risks, delays, uncertainties, and other factors not under the Company’s control that may cause actual results, performance or achievements to be materially different from the results, performance or other expectations implied by these forward-looking statements. Forward-looking statements can sometimes be identified by terminology such as “may,” “will,” “should,” “intend,” “expect,” “believe,” “potential,” and “possible,” or their negatives or comparable terminology, as well as other words and expressions referencing future events, conditions, or circumstances. In any forward-looking statement in which the Company expresses an expectation or belief as to future results, there can be no assurance that the statement or expectation or belief will be achieved. Various factors may cause differences between the Company’s expectations and actual results, including, among others: the Company’s limited operating history; uncertainties inherent in the execution, cost, and completion of preclinical studies and clinical trials; risks related to regulatory review, and approval and commercial development; risks associated with intellectual property protection; and risks related to matters that could affect the Company’s future financial results, including the commercial potential, sales, and pricing of the Company’s products. Except as required by law, the Company undertakes no obligation to update the forward-looking statements or any of the information in this release, or provide additional information, and expressly disclaims any and all liability and makes no representations or warranties in connection herewith or with respect to any omissions therefrom.

Contacts

Tevogen Communications

T: 1 877 TEVOGEN, Ext 701

Communications@Tevogen.com

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Business Lifestyle Regulations & Security

AM Best revises outlooks to stable for Juniata Mutual Insurance Company

OLDWICK, N.J. — (BUSINESS WIRE) — #insuranceAM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Juniata Mutual Insurance Company (JMIC) (McAlisterville, PA).

 

The Credit Ratings (ratings) reflect JMIC’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

 

The revision of the outlooks to stable reflects JMIC’s improved operating performance over the last two years and the continuation of those results through March 31, 2023. In recent years, the company has reported favorable operating returns driven by improved underwriting results and consistent investment income. As a result, pre-tax operating gains and positive net income have been reported for two consecutive years and through first-quarter 2023. These results are due to management’s aggressive actions to stabilize operating results, which included, but are not limited to, re-underwriting of the commercial book of business, an added inflation guard on all policies, strategic rate increases and the non-renewing of policies with multiple claims. Also, JMIC has had lower than normal storm and shock losses, as well as the successful closure of some liability claims. Policyholder surplus did decline approximately 4% at year-end 2022 due to the downturn in the stock market; however, through March 31, 2023 that loss in surplus has been replenished. While the profile of a single state geographically concentrated property writer anticipates some volatility in operating performance, the outlooks contemplate that the magnitude will compare similarly to other adequately assessed companies.

 

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Joseph Burtone

Director

+1 908 439 2200, ext. 5125

joseph.burtone@ambest.com

Richard Attanasio

Senior Director

+1 908 439 2200, ext. 5432

richard.attanasio@ambest.com

Christopher Sharkey

Associate Director, Public Relations

+1 908 439 2200, ext. 5159

christopher.sharkey@ambest.com

Al Slavin

Senior Public Relations Specialist

+1 908 439 2200, ext. 5098

al.slavin@ambest.com

Categories
Business Lifestyle Science Technology

Fuji Electric launches new MONITOUCH V10 series

EDISON, N.J. — (BUSINESS WIRE) — #HMI — Fuji Electric Corp is excited to announce the launch of the NEW MONITOUCH V10 HMI Series. The V10 joins the MONITOUCH V9, TechnoShot, and X1 series of HMI products available from Fuji Electric Corp. The new MONITOUCH V10 Series offers the high-speed processing of a quad-core CPU, allowing for stable operation and communication on high-load screens, an advanced storage device (eMMC) reducing startup/transfer time and man-hours, and the panel cutout size and functions are fully compatible with existing V series!


The new MONITOUCH V10 focuses on the six basic performance aspects of HMIs: Rendering and Operation, offering the highest screen switching speed and quickest input response time. Start-up and Transfer speed for the shortest power on time and highest screen data transfer speed. Communication speed reduces the read and write time of device data. Custom Code at the highest processing speed for rapid macro command execution. These features benefit designers, operators, and maintenance engineers in every application.

 

Fuji Electric Corp. of America is a wholly owned subsidiary of Fuji Electric Co., Ltd., headquartered in Tokyo, Japan and has been responsible for sales and distribution of the company’s products since 1970. Fuji Electric Co., Ltd. began developing power electronics equipment in 1923, and is a global leader in industrial products ranging from semiconductors, HMIs, contactors, relays, and power generation equipment to AC drives and uninterruptible power supply systems. For more information, please visit https://americas.fujielectric.com/or follow us on LinkedIn and Twitter.

Contacts

Media:

Lisa Pross

Fuji Electric Marketing Manager

FEAmarketing@fujielectric.com

Categories
Business Lifestyle Regulations & Security

AM Best affirms credit ratings of ProAssurance Corporation and core members of ProAssurance Group; upgrades credit ratings of NORCAL Insurance Company and its subsidiaries

OLDWICK, N.J. — (BUSINESS WIRE) — #insuranceAM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a+” (Excellent) of the core members of ProAssurance Group. Concurrently, AM Best has upgraded the FSR to A (Excellent) from A- (Excellent) and the Long-Term ICRs to “a+” (Excellent) from “a-” (Excellent) of NORCAL Insurance Company (NORCAL) (San Francisco, CA) and its subsidiaries, which are now part of ProAssurance Group. At the same time, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) and all existing Long-Term Issue Credit Ratings (Long-Term IR) of ProAssurance Corporation (PRA) (headquartered in Birmingham, AL). All companies are indirect subsidiaries of PRA. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies’ ratings.)

The ratings of ProAssurance Group reflect its balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management (ERM).

 

The group’s balance sheet strength assessment continues to reflect the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), as well as the strength of its reserves and quality of investments. The ratings also consider ProAssurance Group’s operating performance, which continues to be adequate as results benefited from the complete reunderwriting of its book of business and its strong rate gains, although loss costs in its medical professional liability (MPL) book of business remain pressured by the impacts of social inflation and the increasing frequency of excess verdicts, as seen in the first quarter of 2023. The ratings also consider the group’s market position as one of the leading MPL insurers in the United States, as well as its diversification across multiple disciplines, geographic areas and in its other lines of business. These ratings also acknowledge the depth and breadth of the group’s ERM programs and policies.

 

The rating upgrades of NORCAL and its subsidiaries reflect their status as members of ProAssurance Group due to the implicit and explicit support provided by the group following management’s integration efforts since its acquisition of NORCAL in 2021. Also considered is NORCAL and its subsidiaries’ strategic importance to the group, common management, and significant earnings contributions.

 

The ratings also benefit from the financial flexibility provided by PRA, the ultimate parent. PRA’s financial leverage is modest, with strong interest coverage, and holds a significant amount of cash and short-term investments outside of the insurance operating companies that are available for use without regulatory approval or other restriction. Nevertheless, the group has reported limited surplus growth over the most recent five-year period due to significant payments of dividends to PRA, which the parent has utilized for company stock repurchases and payment of shareholders’ dividends. Management remains committed to maintaining capital at its rated entities at levels commensurate with their ratings.

 

The stable outlooks for the Long-Term ICRs of ProAssurance Group members reflect the group’s continued strongest level balance sheet strength assessment, supported by effective capital management and financial flexibility afforded by it parent, while ongoing insurance operating initiatives implemented by management are expected to maintain its stable operating performance.

 

The FSR of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) have been affirmed, with stable outlooks for the following members of ProAssurance Group:

  • ProAssurance Casualty Company
  • ProAssurance Indemnity Company, Inc.
  • ProAssurance Specialty Insurance Company
  • Medmarc Casualty Insurance Company
  • ProAssurance Insurance Company of America
  • ProAssurance American Mutual, A Risk Retention Group
  • Allied Eastern Indemnity Company
  • Eastern Advantage Assurance Company
  • Eastern Alliance Insurance Company

 

The FSR has been upgraded to A (Excellent) from A- (Excellent) and the Long-Term ICRs to “a+” (Excellent) from “a-” (Excellent) with stable outlooks for the following new members of ProAssurance Group:

  • NORCAL Insurance Company
  • NORCAL Specialty Insurance Company
  • Medicus Insurance Company
  • FD Insurance Company
  • Preferred Physicians Medical Risk Retention Group, a Mutual Insurance Company

 

The following Long-Term IRs have been affirmed with stable outlooks:

ProAssurance Corporation

–“bbb+” (Good) on $250 million 5.30% 10-year senior unsecured notes, due 2023

The following indicative Long-Term IRs under the shelf registration have been affirmed with stable outlooks:

ProAssurance Corporation

— “bbb+” (Good) on senior unsecured debt

— “bbb” (Good) on senior subordinated debt

— “bbb-” (Good) on preferred stock

 

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Vicky Riggs
Associate Director
+1 908 439 2200, ext. 5039
vicky.riggs@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Sharon Marks
Director
+1 908 439 2200, ext. 5477
sharon.marks@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 439 2200, ext. 5098
al.slavin@ambest.com

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Business Environment Lifestyle Local News

Universal Display Corporation to showcase phosphorescent OLED advances and Organic Vapor Jet Printing milestone achievements at SID Display Week 2023

Showcasing RGB PHOLED narrow emission lineshape and first-ever seven-layer printed PHOLED device with comparable performance to VTE

 

EWING, N.J. — (BUSINESS WIRE) — $OLED #OLEDUniversal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that it will showcase the Company’s latest advances in phosphorescent OLED (PHOLED) and organic vapor jet printing (OVJP) at the Society for Information Display (SID) Display Week 2023 International Symposium, Seminar and Exhibition being held from May 21-26.

 

At Booth #828 in the Los Angeles Convention Center, UDC will exhibit its latest advancement in red, green and blue PHOLEDs with narrow emission spectral lineshape. The importance of narrow lineshape is to continue the advancement of increasing energy efficiency in addition to achieving enhanced color gamut. UDC will also unveil to the public for the first time that its OVJP system printed on a 200mm x 500mm Corning® Astra™ Glass substrate. The Company will also showcase the first-ever fully printed seven-layer (HIL/HTL/EBL/EML/HBL/ETL/EIL), 80 PPI, green commercial-level PHOLED device fabricated by our R&D OVJP system that has comparable device performance with vacuum thermal evaporation (VTE).

 

“Innovation and invention are at the core of UDC’s DNA and we are continuing to build on our core competencies and pioneering work in phosphorescent materials and OLED technologies,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “We are pleased to share our latest leading-edge phosphorescent material data and showcase significant milestone achievements with our groundbreaking organic vapor jet printing system at SID Display Week. Scaling our dry printing technology to gen 4 while continuing to construct the building blocks of our alpha system and unveiling the first-ever fully printed PHOLED stack, consisting of 7 layers sequentially deposited with our OVJP platform, are important and exciting steps toward commercializing our trailblazing highly-efficient, cost-effective, high throughput manufacturing platform. Come visit our booth to learn more about our advances for the OLED industry.”

 

SID Display Week’s Symposium will include a variety of technical and business events, including:

  • Session 16: Integrated Sensors (Active Matrix Devices), where Dr. Mike Hack of Universal Display will be the Session Co-Chair on Tuesday, May 23rd at 2:00 PM PT.
  • Session 41: OLED Materials II (OLEDs), where Dr. Nicholas Thompson of Universal Display will be the Session Co-Chair on Wednesday, May 24th at 10:40 AM PT.
  • Session 42: Automotive Image Quality (Automotive/Vehicular Displays and HMI Technologies), where Dr. Eric Margulies of Universal Display will be the Session Co-Chair on Wednesday, May 24th at 10:40 AM PT.
  • SID/DSCC Business Conference, where Dr. Mike Hack will participate in the Emerging display Technologies I session. Dr. Hack will provide an update on UDC’s Groundbreaking Advances for the OLED Industry on Wednesday, May 24th at 4:30 PM PT.
  • Session 65: OLED Physics II (OLEDs), where Dr. Nicholas Thompson of Universal Display will be the Session Chair on Thursday, May 25th at 10:40 AM PT.

 

About Universal Display Corporation

Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. Founded in 1994 and with subsidiaries and offices around the world, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,500 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, please visit https://oled.com/.

 

Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.

 

All statements in this document that are not historical, such as those relating to the projected adoption, development and advancement of the Company’s technologies, and the Company’s expected results and future declaration of dividends, as well as the growth of the OLED market and the Company’s opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation’s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation’s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled “Risk Factors” in Universal Display Corporation’s Annual Report on Form 10-K for the year ended December 31, 2022. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

 

Follow Universal Display Corporation

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Contacts

Universal Display:
Darice Liu

investor@oled.com
media@oled.com
+1 609-964-5123

Categories
Art & Life Business Foodies/Tastylicious Lifestyle Perks

NEW Welch’s® ZERO SUGAR Fruity Bites brings 100% deliciousness to treat lovers without the sugar

PIM Brands unveils its first Zero-Sugar snacks at Chicago Sweets & Snacks Expo

 

PARK RIDGE, N.J. — (BUSINESS WIRE) — New Welch’s® ZERO SUGAR Fruity Bites will be unveiled at Sweets & Snacks Expo, and is the latest innovation from PIM Brands, makers of Welch’s® Fruit Snacks, America’s #1 Brand in all trade classes.


Welch’s® ZERO SUGAR Fruity Bites are chewy, fruity, delicious, and 100% sugar-free, with 25% fewer calories than the original Welch’s® Fruit Snacks but all the great taste. The new treats are fat-free, gluten-free, aspartame-free, and contain no preservatives.

 

With four in ten shoppers looking for low/sugar-free products, up 4 percentage points versus a year ago,1 new Welch’s® ZERO SUGAR comes as both consumer preference for sugar-free snacks, and the sugar-free snack market are increasing.

 

According to a Comprehensive Research Report by Marketing Research Future (MRFR), the global market for sugar-free treats is projected to increase by 6.9%, reaching almost $7 billion by 2030.2

 

“We’re excited to expand our product offerings with Welch’s® ZERO SUGAR Fruity Bites,” said Nicole Luisi, Senior Brand Manager, Welch’s® Fruit Snacks. “With this new innovation, fans of our iconic fruit snacks with specific dietary preferences or restrictions can again enjoy that same delicious taste and texture they have grown to love, giving them a deliciously fruity snack without any compromise.”

 

Consumers will begin to find Welch’s® ZERO SUGAR at their favorite retailers and on Amazon.com, in Mixed Fruit, Berries ‘n Cherries, and Island Fruits varieties, priced at approximately $3.99 for 3 oz. peg bags with other packaging formats also to roll out later in the year into early 2024.

 

PIM Brands, Inc. is unveiling Welch’s® ZERO SUGAR Fruity Bites this week at the Sweets & Snacks Expo being held in Chicago where attendees will have the chance to taste the new product at the PIM Brands booth #11704

 

About PIM Brands Inc.

PIM Brands, Inc. is the world’s largest maker of Real Fruit Snacks and related treats and is also one of the world’s largest makers of chocolate and non-chocolate confections. Currently ranked as #26 on Candy Industry Magazine’s “Global Top 100” confectionery companies in the world and #10 in North America by Candy Industry Magazine, PIM Brands, Inc. is also ranked by Crain’s Business as one of the New York Metro Area’s 100 largest privately owned companies, and by NJBIZ as one of the State’s largest privately held employers.

 

PIM Brands, Inc. has also been named as one of the fastest-growing Consumer Packaged Goods (CPG) companies in the U.S.A. by The Boston Consulting Group (BCG) and Information Resources, Inc. (IRI) six times in the last decade.

 

Millions of times each day all across the world, consumers enjoy PIM’s vast array of loved brands including Welch’s®Fruit Snacks, Welch’s®Juicefuls®Juicy Fruit Snacks, Welch’s®Fruit ‘n Yogurt™ Snacks, Welch’s®Fruit Rolls, Welch’s®ZERO SUGAR Fruity Bites, Sun-Maid®Chocolate Raisins, Toggi®Fine European Chocolate Wafers, Tuxedos®Chocolate Almonds, Original Gummi FunMix®, Sour Jacks®Sour Candies, Slice®Fruit On the-Go™Fruit Bars, Nuclear SQWorms®Sour Gummi Worms and many more.

 

PIM’s subsidiaries and affiliates include PIM Brands LLC, PIM Brands Canada, PIM Brands Mexico S DE RL DE CV, PIM Brands Iberica, SL, PIM Brands UK, Ltd, PIM Brands Hindustani Private Limited, PIM Global Holdings LLC, PIM Consumer Health LLC, Pharma In Motion LLC and Farmer’s Choice Food Brands.

 

For additional information, please visit www.pimbrands.com or contact ABMC at PimBrands@abmc-us.com

 

1 FMCG Gurus, Top Ten Trends For 2023, January 2023

2 https://www.marketresearchfuture.com/reports/sugar-free-gummies-market-8513

 

Contacts

Alison Brod Marketing & Communications

Annie Worthington

pimbrands@abmc-us.com

Categories
Business Lifestyle Special/Sponsored Content

Nurse created, mom approved – Meet soap you can trust

This clean, eco-conscience wellness brand was created by a full-time registered nurse, mom, and business owner on a mission to rid her skincare routine of harmful ingredients.

 

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Products start at $9.99 – Learn more at www.keikanaturals.com

 

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Categories
Business Economics Lifestyle Regulations & Security Technology Travel & Leisure

Cenntro announces receipt of Nasdaq noncompliance notice regarding late filing of quarterly report on Form 10-Q

FREEHOLD, N.J. — (BUSINESS WIRE) — Cenntro Electric Group Limited (NASDAQ: CENN) “(Cenntro” or “the Company),” a leading EV technology company with advanced, market-validated electric commercial vehicles, announced today that it received a written notice (the “Notice)” from The Nasdaq Stock Market LLC “(Nasdaq)” that the Company has remained noncompliant with Nasdaq Listing Rule 5250(c)(1) (the “Rule)” as a result of its failure to file both its annual report on Form 10-K for the year ended December 31, 2022 (the “2022 Form 10-K),” and quarterly report for the fiscal quarter ended March 31, 2023 (the “Q1 Form 10-Q)” with the Securities and Exchange Commission (the “SEC)” by the required due dates.

 

This Notice has no immediate effect on the listing of the Company’s shares on Nasdaq.

 

The Notice regarding the Company’s Q1 Form 10-Q was supplemental to the written notice received from Nasdaq on April 25, 2023 (the “Original Notice”). Under Nasdaq Rules, the Company has 60 calendar days from receipt of the Original Notice to submit a plan to regain compliance with the Rule. If Nasdaq accepts the Company’s plan, Nasdaq may grant an exception of up to 180 calendar days from the due date of the 2022 Form 10-K and Q1 Form 10-Q or until October 16, 2023, to regain compliance. The Company is currently engaged with its new auditor to formulate a plan and the related audit work to regain compliance with the rule. If the Company remains noncompliant with the Rule at the end of the 180-day extension period, the Company’s shares of common stock will be subject to delisting from Nasdaq.

 

About Cenntro Electric Group

Cenntro Electric Group Ltd. (or “Cenntro”) (NASDAQ: CENN) is a leading designer and manufacturer of electric commercial vehicles. Cenntro’s purpose-built ECVs are designed to serve a variety of organizations in support of city services, last-mile delivery, and other commercial applications. Cenntro plans to lead the transformation in the automotive industry through scalable, decentralized production, and smart driving solutions empowered by the Cenntro iChassis. For more information, please visit Cenntro’s website at: www.cenntroauto.com.

 

Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. Such statements may be, but need not be, identified by words such as “may,” “believe,” “anticipate,” “could,” “should,” “intend,” “plan,” “will,” “aim(s),” “can,” “would,” “expect(s),” “estimate(s),” “project(s),” “forecast(s)”, “positioned,” “approximately,” “potential,” “goal,” “strategy,” “outlook” and similar expressions. Examples of forward-looking statements include, among other things, statements regarding assembly and distribution capabilities, decentralized production, and fully digitalized autonomous driving solutions. All such forward-looking statements are based on management’s current beliefs, expectations, and assumptions, and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed or implied in this communication. For additional risks and uncertainties that could impact Cenntro’s forward-looking statements, please see disclosures contained in Cenntro’s public filings with the Securities and Exchange Commission (the “SEC),” including the “Risk Factors” in Cenntro’s Annual Report on Form 20-F/A filed with the SEC on August 5, 2022 and which may be viewed at www.sec.gov.

 

Contacts

Investor Relations Contact:
MZ North America

CENN@mzgroup.us
949-491-8235

Company Contact:

PR@cenntroauto.com
IR@cenntroauto.com

Categories
Business Culture Lifestyle Technology

11:11 Systems recognized for Channel leadership, growth and momentum

CRN honors 11:11 Systems’ channel leadership in the 2023 Women of the Channel and Channel Chiefs lists and sixth consecutive 5-star rating in its Partner Program Guide

 

FAIRFIELD, N.J. — (BUSINESS WIRE) — 11:11 Systems (“11:11”), a managed infrastructure solutions provider, announced Thursday that the company and its channel leaders have been recognized for the growth and success of its channel program. CRN®, a brand of The Channel Company, has named Heather Bouvier, Kendale Miller, Jacquelyn Gonzalez, Natasha Nassiroghli and Chrystina Turner to its Women of the Channel list for 2023. This distinguished list honors the incredible accomplishments of female leaders in the IT channel.

 

Every year, CRN recognizes women from vendor, distributor, and solution provider organizations whose expertise and vision are leaving a noticeable and commendable mark on the technology industry.

 

The CRN 2023 Women of the Channel honorees bring their creativity, strategic thinking and leadership to bear in a variety of roles and responsibilities, but all are turning their unique talents toward driving success for their partners and customers. With this recognition, CRN honors these women for their unwavering dedication and commitment to furthering channel excellence.

 

“We are ecstatic to announce this year’s honorees and shine a light on these women for their significant achievements, knowing that what they’ve accomplished has paved the way for continued success within the IT channel,” said Blaine Raddon, CEO of The Channel Company.

 

“The channel is stronger because of them, and we look forward to seeing what they do next.”

 

As the number and complexity of cybersecurity threats continue to grow, the risk of cybercrime remains a persistent threat to organizations. The surge in cybercrime incidents, particularly ransomware attacks, is leading IT leaders to take proactive measures to protect their organization’s mission critical data. As a result, companies are increasingly relying on 11:11 Systems for securing and protecting their organization’s data, no matter where it lives.

 

This demand for 11:11 Systems solutions has resulted in CRN recognizing 11:11 Systems’ partner program as one of the most distinguished partner programs among managed services and cyber resiliency suppliers in the IT channel with its sixth consecutive 5-Star rating in its 2023 Partner Program Guide. For the fourth year, CRN has also named Koorosh Khashayar, 11:11 Systems senior vice president of global channels, to its list of 2023 Channel Chiefs. Khashayar’s leadership has been instrumental in strategically aligning the channel programs acquired by 11:11 Systems and expanding its channel portfolio with innovative solutions that help partners seamlessly provide cloud, connectivity and security services to address their customers’ needs.

 

“Our unwavering commitment to the channel and the talented women within it is stronger than ever. Our goal is to provide innovative solutions that help our partners truly make a difference in their business,” said Khashayar. “We continue to invest significantly in our partner community by expanding our in-depth managed services training and enablement programs, introducing new security and connectivity solutions, offering new certifications and establishing a dedicated partner development team. We are honored to receive recognition from CRN for these global initiatives. At 11:11 Systems, we are committed to helping our global partners achieve their goals, grow their businesses and exceed their customer’s expectations.”

 

Learn more about 11:11 System’s partner program here: https://1111systems.com/partners/partners-overview/

 

The 2023 Women of the Channel list will be featured in the June issue of CRN Magazine, with online at www.CRN.com/WOTC.

 

ABOUT 11:11 SYSTEMS

11:11 Systems is a managed infrastructure solutions provider that holistically addresses the challenges of next-generation managed cloud, connectivity and security requirements. The 11:11 model empowers customers and partners to “Rethink Connected,” which includes integrated services that deliver increased performance, optimization and savings. Learn more at 1111Systems.com.

Contacts

Rolyn Parker

news@1111systems.com

Categories
Business Economics Lifestyle Regulations & Security

AM Best revises outlooks to negative for McMillian-Warner Mutual Insurance Company

OLDWICK, N.J. — (BUSINESS WIRE) — AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of McMillan-Warner Mutual Insurance Company (MWM) (Marshfield, WI).

These Credit Ratings (ratings) reflect MWM’s balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.

 

The revised outlooks reflect deterioration in MWM’s key balance sheet strength metrics, mainly in the form of reduced surplus, declining levels of overall risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR) and weakening balance sheet metrics. The company’s policyholder surplus declined by nearly 20% in 2022, driven by ongoing volatility on the underwriting side and supplemented by unrealized losses from the equity portfolio given its elevated common stock leverage. Ultimately, this volatility has generated an elevated reliance on reinsurance, rising underwriting and reserve leverage measures and declining levels of liquidity in MWM’s balance sheet.

 

Though management is focused on managing its exposures effectively and refining its book of business, MWM’s ability to support its current book, along with a growing personal automobile book of business, may be hindered over the near-term with its declining levels of risk-adjusted capitalization. Moreover, reinsurance market conditions may continue to present challenges for MWM in placing its program in a manner consistent with prior years, leading to potential higher retentions and lower limits, as the company experienced in 2022. Should further deterioration occur, the ratings may be downgraded.

 

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Lauren Magro
Financial Analyst
+1 908 439 2200, ext. 5181
lauren.magro@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Joseph Burtone
Director
+1 908 439 2200, ext. 5125
joseph.burtone@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 439 2200, ext. 5098
al.slavin@ambest.com