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BeiGene breaks ground on new manufacturing and clinical R&D center at the Princeton West Innovation Campus in New Jersey

Flagship U.S. Facility Will Include Biologic Manufacturing and Late Stage Research and Clinical Development of Innovative Cancer Medicines

 

Sixth U.S. Location Adds to Global Expansion and Brings New Jobs to New Jersey

 

HOPEWELL, N.J. & CAMBRIDGE, Mass. & BASEL, Switzerland & BEIJING — (BUSINESS WIRE) — $BGNE #BeiGene—BeiGene, Ltd. (NASDAQ: BGNE; HKEX: 06160; SSE: 688235), a global biotechnology company focused on developing innovative and affordable medicines to improve treatment outcomes and access for patients worldwide, today announced the groundbreaking of its flagship U.S. manufacturing and clinical R&D center at the Princeton West Innovation Campus in Hopewell, N.J.

“Our planned flagship U.S. R&D and manufacturing center supports our commitment to fight for life for people living with cancer around the world, through state-of-the-art commercial-stage biologic pharmaceutical manufacturing, late-stage research and clinical development capabilities,” said John Oyler, Co-Founder, Chairman and CEO of BeiGene. “The Princeton-Hopewell area is an excellent location for BeiGene and the thriving life science community, with a deep talent pool as we continue to advance our pipeline of innovative cancer medicines and work to diversify our global supply chain.”

 

The initial phase of construction is expected to include approximately 400,000 square feet of dedicated commercial-stage biologic pharmaceutical manufacturing space, with capacity for up to 16,000 liters of biologics formula. BeiGene intends to recruit hundreds of new hires from the area’s attractive talent market to support its continued growth and its commitment to producing life-saving oncology medicines.

 

“BeiGene’s plans for hundreds of new jobs in New Jersey speak to our efforts to grow our state’s business-friendly environment and to our commitment to fostering innovation,” said Governor Phil Murphy. “We are proud to welcome BeiGene to the Princeton area and look forward to the company manufacturing innovative cancer medicines in its new state-of-the-art facility.”

 

In November 2021, BeiGene acquired the Hopewell property from Lincoln Equities Group and has retained DPR Construction as its construction management firm and IPS-Integrated Project Services, LLC as its architectural and engineering firm. The property has more than one million square feet of developable real estate for future potential expansion.

 

Added Oyler: “At BeiGene, we are committed to not only delivering innovative and affordable medicines but also to upholding the highest standards of ethics and integrity, operational excellence, and environmental stewardship. This commitment applies to everything we do, including the development of BeiGene’s Hopewell project.”

 

“As a leader with a long history in New Jersey’s biotech industry, Hopewell Township welcomes BeiGene to our community,” said Hopewell Mayor Courtney Peters-Manning “We are pleased that BeiGene will bring their state-of-the-art technologies, manufacturing, and R&D center to Hopewell, whose products will help countless people all over the world. We look forward to continuing to work with BeiGene and are excited about what will be produced here in Hopewell.”

 

BeiGene currently has five offices in the U.S., in San Mateo and Emeryville, Calif., Cambridge, Mass., Ridgefield Park, N.J. and Fulton, Md. Globally, the company has more than 30 offices across five continents.

 

BeiGene Oncology

BeiGene is committed to advancing best- and first-in-class clinical candidates internally or with like-minded partners to develop impactful and affordable medicines for patients across the globe. We have a growing R&D and medical affairs team of approximately 2,900 colleagues dedicated to advancing more than 100 clinical trials that have involved more than 14,500 subjects. Our expansive portfolio is directed predominantly by our internal colleagues supporting clinical trials in more than 45 countries and regions. Hematology-oncology and solid tumor targeted therapies and immuno-oncology are key focus areas for the Company, with both mono- and combination therapies prioritized in our research and development. BeiGene currently has three approved medicines discovered and developed in our own labs: BTK inhibitor BRUKINSA in the United States, China, the EU and U.K., Canada, Australia and additional international markets; and the non-FC-gamma receptor binding anti-PD-1 antibody tislelizumab as well as the PARP inhibitor pamiparib in China.

 

BeiGene also partners with innovative companies who share our goal of developing therapies to address global health needs. We commercialize a range of oncology medicines in China licensed from Amgen, Bristol Myers Squibb, EUSA Pharma and Bio-Thera. We also plan to address greater areas of unmet need globally through our other collaborations including with Mirati Therapeutics, Seagen, and Zymeworks.

 

In January 2021 BeiGene and Novartis announced a collaboration granting Novartis rights to co-develop, manufacture, and commercialize BeiGene’s anti-PD1 antibody tislelizumab in North America, Europe, and Japan. Building upon this productive collaboration, including a biologics license application (BLA) under FDA review, BeiGene and Novartis announced an option, collaboration and license agreement in December 2021 for BeiGene’s TIGIT inhibitor ociperlimab that is in Phase 3 development. Novartis and BeiGene also entered into a strategic commercial agreement through which BeiGene will promote five approved Novartis Oncology products across designated regions of China.

 

About BeiGene

BeiGene is a global, science-driven biotechnology company focused on developing innovative and affordable medicines to improve treatment outcomes and access for patients worldwide. With a broad portfolio of more than 40 clinical candidates, we are expediting development of our diverse pipeline of novel therapeutics through our own capabilities and collaborations. We are committed to radically improving access to medicines for two billion more people by 2030. BeiGene has a growing global team of over 8,000 colleagues across five continents. To learn more about BeiGene, please visit www.beigene.com and follow us on Twitter at @BeiGeneGlobal.

 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding BeiGene’s plans to establish a new manufacturing and clinical R&D center in New Jersey and to manufacture commercial-stage medicines and drug candidates at the site and to diversify its global supply chain, the expected timing for construction, the expected size and capacity of the site and potential for future expansion, BeiGene’s anticipated investment in and recruiting and hiring of talent for the new manufacturing and R&D center, BeiGene’s commitment to upholding the highest standards of ethics and integrity, operational excellence, and environmental stewardship, and BeiGene’s plans, commitments, aspirations and goals under the headings “BeiGene Oncology” and “About BeiGene”. Actual results may differ materially from those indicated in the forward-looking statements as a result of various important factors, including BeiGene’s ability to demonstrate the efficacy and safety of its drug candidates; the clinical results for its drug candidates, which may not support further development or marketing approval; actions of regulatory agencies, which may affect the initiation, timing and progress of clinical trials and marketing approval; BeiGene’s ability to achieve commercial success for its marketed medicines and drug candidates, if approved; BeiGene’s ability to obtain and maintain protection of intellectual property for its medicines and technology; BeiGene’s reliance on third parties to conduct drug development, manufacturing and other services; BeiGene’s limited experience in obtaining regulatory approvals and commercializing pharmaceutical products and its ability to obtain additional funding for operations and to complete the development and commercialization of its drug candidates and achieve and maintain profitability; the impact of the COVID-19 pandemic on BeiGene’s clinical development, regulatory, commercial, manufacturing, and other operations, as well as those risks more fully discussed in the section entitled “Risk Factors” in BeiGene’s most recent annual report on Form 10-K as well as discussions of potential risks, uncertainties, and other important factors in BeiGene’s subsequent filings with the U.S. Securities and Exchange Commission. All information in this press release is as of the date of this press release, and BeiGene undertakes no duty to update such information unless required by law.

Contacts

Investors

Kevin Mannix

+1 240-410-0129

ir@beigene.com

Media
Kyle Blankenship

+1 667-351-5176

media@beigene.com

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Business Environment Local News

Engineering award goes to Mercer County

Alliance for Action has recognized dual bridge projects for excellence

Mercer County has recently received the 2022 Distinguished Engineering Award by the New Jersey Alliance for Action for the County’s engineering of two structures — Mercer County Bridge #330.1 and Bridge #331.1.

 

 

These bridges carry Alexander Street over Stony Brook and Alexander Street over Alexander Creek in the Municipality of Princeton, announced Mercer County Executive Brian M. Hughes.

 

Mercer County and the New Jersey Department of Transportation (NJDOT) undertook simultaneous bridge replacement projects to minimize the closure of Alexander Street, which carries a considerable amount of traffic volume and serves as a main access road between downtown Princeton, Princeton University and West Windsor Township.

 

NJDOT completed replacement of the bridge over the Delaware and Raritan Canal immediately east of MC #330.1.

 

This unique design of this project was driven by requirements determined through intensive coordination with the various stakeholders: Municipality of Princeton, Princeton Historical Society and State Historic Preservation Office, Delaware & Raritan Canal Commission, Princeton University, NJDOT, utility owners, West Windsor Township and Green Acres.

 

“Mercer County is grateful for the recognition by the Alliance for Action,” Mr. Hughes said. “We have in our Department of Transportation a team of exceptional engineers, and I thank the team for their contributions to this enormously challenging and complicated project and congratulate them on receiving this prestigious award.”

 

Bridge 330.1 was previously a single span, simply supported pony truss structure supported on concrete abutments.  The previous truss bridge, which was intended to be a temporary structure, was in need of replacement due to the poor condition of the deck, superstructure and substructure.  The bridge width was also substandard and limited the passage of larger transit vehicles.   It was deemed Structurally Deficient with Sufficiency Rating of 7.4 out of 100.  The adjacent structure to the west, 331.1, was a three-sided box beam culvert and was also in need of replacement.  While its structural and geometric conditions were not as critical as Bridge 330.1, it was logical to replace the structure at the same time while Alexander Street was closed.

 

 

The replacement structure for the former truss bridge is a single span, with simply supported steel beams on concrete abutments and concrete footings. Bridge components also include concrete wing walls, a concrete bridge deck and concrete bridge approach slabs. The deck and approaches were overlaid with 1-inch-thick Polyester Polymer Concrete (PPC) to protect the concrete deck. White bridge railings and brown powder-coated guiderail are consistent with similar elements installed on the adjacent Delaware and Raritan Canal Bridge. Roadway work included hot-mix asphalt paving, new striping, new guiderail and approach guiderail systems, and landscaping.  The proposed cross section at MC #330.1 consists of two 12-foot travel lanes, two 5-foot shoulders and one 8-foot sidewalk. Bridge 331.1 was replaced with a similar three-sided culvert and received similar railing and guiderail treatments as the adjacent structure.  It consists of two 12-foot travel lanes, two 5-foot shoulders, one 5-foot sidewalk and one 8-foot sidewalk. The culvert and approaches were overlaid with 1-inch-thick Polyester Polymer Concrete (PPC) to protect the concrete deck.

 

Van Cleef Engineering Associates of Freehold was contracted by the County of Mercer to provide design services for the reconstruction of the structures, and Marbro Construction LLC of West End was awarded the contract.

 

The New Jersey Alliance for Action is a non-partisan and non-profit association representing thousands of business, labor, government, utility, education, professional and other New Jersey leaders. It will present the award at its ninth annual Distinguished Engineering Awards Breakfast May 12 at the Forsgate Country Club in Monroe.

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Business News Now! Perks

New Jersey’s leading retail destination gives small businesses a leg up

Westfield Garden State Plaza Partners with the NJ Small Business Development Center Bringing Main Street Proprietors to the Main Stage


PARAMUS, N.J. — (BUSINESS WIRE) — #smallbusiness — Westfield Garden State Plaza is launching an initiative that gives small, locally-owned businesses, especially minority- and women-owned businesses, the opportunity to showcase their goods and services alongside America’s most recognized brands. Well-known as a destination for uber-shoppers on both sides of the Hudson River, Garden State Plaza has joined forces with the NJ Small Business Development Center at Ramapo College to provide mom and pop retailers with something that until now was unattainable – retail space in one of the country’s busiest malls.

 

“Special leasing terms like a 3-month lease vs. the typical 10–15-years that larger retailers generally commit to are just some of big benefits for small business,” says Chris Neidhardt, Director of Leasing for Westfield Garden State Plaza. “Our goal for the program is to elevate awareness for mom and pop businesses and in addition, to shine a spotlight on women and minority-owned businesses. The way we see it, it’s like bringing main street to the main stage.”

 

The value of such an opportunity is multi-faceted with Garden State Plaza offering exposure to continuous foot traffic, ample parking, internal security and available inventory that is move- in ready.

 

According to Vincent Vicari, regional director of the New Jersey Small Business Development Center, based at Ramapo College, “We may be two separate entities, but our shared vision to see entrepreneurial businesses thrive and prosper is what’s led us to join forces. A key objective of the partnership is to mentor these businesses to a point where they’ll be able to sign longer leases as their viability and profitability allow.” Participants in the program will receive the valuable support that the NJ Small Business Development Center can provide including assistance with strategic marketing, development and execution of a sound business plan, and counseling regarding available funding resources.

 

Chic Sugars is currently open and is the first business to debut as a result of the program. Tonnie’s Minis will be opening in early May and several other leases are under review. Erika Oldham, proprietor of Chic Sugars, is known for her cake creations to the stars with celebrity clients like Jay-Z, Missy Elliott, and Nicki Minaj, to name a few. She recently appeared on Food Network’s “Winner Cake All” and had this to say as she anticipates her presence at the mall, “I’m looking forward to expanding my customer base beyond my storefront bakery in Englewood, while also diversifying my product offerings to more bite-sized items that mall shoppers can enjoy on-the-go.”

 

Tonnie Rozier is the proprietor of Tonnie’s Minis currently with locations in Newark and Edgewater. “This is a sign of positive growth for me and my brand as it not only signals a second location, but also an expanded demographic that will be exposed to my signature cupcakes.” Tonnie’s is known for its unique bakery concept, offering customers the opportunity to first select a cupcake flavor, then customize the final product by choosing from an array of icing and topping options. “It’s so rewarding to observe the customer satisfaction that comes from participating in the creation of your own personalized confection.” Tonnie’s Minis has been featured on Food Network’s Cupcake Wars and The Wendy Williams Show.

 

“For many small businesses, this is an opportunity to transform a lifelong dream into reality, by debuting a concept or expanding an existing one alongside the biggest names in retail,” said Tiffany Ramirez, marketing manager at Westfield Garden State Plaza. “We hope that this program can be successfully replicated at other Westfield centers around the country.” Unibail-Rodamco-Westfield currently operates 24 malls across the US.

 

About Westfield Garden State Plaza

Westfield Garden State Plaza (GSP) is the ultimate destination for fashion, dining and entertainment located just minutes from Manhattan. Anchored by Neiman Marcus, Nordstrom and Macy’s, the property features the Luxury Collection of Shops and premium fashion district alongside the best brands in every retail category and includes Louis Vuitton, Gucci, Tiffany & Co., Salvatore Ferragamo, Burberry, Versace, Tory Burch, BOSS, Design Within Reach, Tesla, ZARA, NARS, Fabletics, and Apple. Approximately 20 million shoppers per year enjoy an unparalleled shopping and dining experience, personalized services and amenities at GSP.

Contacts

Lisa Hermann

Senior Director of Marketing

201-843-2121

Lisa.Hermann@urw.com

Tiffany Ramirez

Marketing Manager

201-221-0414

Tiffany.Ramirez@urw.com

Categories
Business Culture

Golden Peak Media names Farrell McManus Chief Sales Officer

Executive brings deep media experience

 

GOLDEN, Colo. — (BUSINESS WIRE) — #leadership — Jeffrey Litvack, CEO of Golden Peak Media, today announced the appointment of Farrell McManus to Chief Sales Officer. Farrell will lead the sales, success and support teams focused on building deeper relationships with the company’s community of crafters, artists, and partners serving this community. Farrell’s appointment parallels the company’s upmarket trajectory and evolving business opportunities for Golden Peak Media.

 

Before joining Golden Peak Media, Farrell held executive positions with media, technology and professional service companies. Most recently, he led business development and marketing teams at law firms Norris McLaughlin and Stroock & Stroock & Lavan LLP, bringing innovation to their client engagement and vendor management efforts. In addition, he spearheaded diversity efforts at both firms pushing for more inclusive hiring and client outreach efforts. As Associate Publisher at ALM Media he oversaw the New York Law Journal, New Jersey Law Journal, and the Connecticut Law Tribune and was integral in the transformation of ALM’s regional brands’ offerings from predominantly print programs to digital, face-to-face, and research-based initiatives that grew revenue and profitability.


“We’ve seen sustained growth over the past three years and are continuing to accelerate our move upmarket and are excited to add Farrell, a leader with a deep understanding of what it takes to transform sales processes and organizations,” Golden Peak Media CEO Jeff Litvack said.

 

“This is an unprecedented time in the world of creators and makers. Over the last two years, we have seen a surge of people around the world finding their creative side in a range of pursuits. I’m looking forward to working with Jeff and the team at Golden Peak to increase and diversify our offerings, awareness and reach in these rapidly growing communities of creators and makers,” McManus said.

 

About Golden Peak

Golden Peak Media is one of the largest media and education companies serving Art and Craft enthusiasts in the U.S. The Company publishes 15 magazines, including Love of Quilting and Artists Magazine, and has more than 5000 digital videos and 15,000 digital patterns. More information can be found at www.goldenpeakmedia.com.

Contacts

Kimberly Greenlee, kgreenlee@goldenpeakmedia.com

Categories
Business Education Sports & Gaming

Clifford ‘Big Cliff’ Omoruyi signs with IPZ for NIL representation

TEWKSBURY, N.J. — (BUSINESS WIRE) — Clifford “Big Cliff” Omoruyi, a 6’11″ student athlete at Rutgers University, has signed with IPZ under the NCAA’s NIL rules.

Omoruyi is originally from Benin City, Nigeria, and came to New Jersey as a 14-year-old old seeking an education and a college degree. Basketball was a tool that he hoped would help him achieve his goal. He began his high school career at Queen of Peace (North Arlington) and ended it by leading Roselle Catholic to a 22-7 record and an NJSIAA Non-Public B North title in a season that was cut short due to the Covid shutdown.

 

Omoruyi was a consensus four-star prospect in high school and became the first New Jersey Gatorade Player of the Year to commit to Rutgers University. He was also the first top-50 High School prospect to commit to Rutgers since 2010. In the 2020-21 season he became the first Rutgers freshman since 2008 to record a double-double in his debut, while, in the classroom, making the Dean’s List for academic excellence.

 

Omoruyi had a breakout campaign as a sophomore. As the starting center for the entire season, he led NCAA Division 1 basketball in dunks, while averaging 11 points, 7.9 rebounds, and 1.3 blocks per game.

 

“I saw Cliff play in high school and was immediately drawn to his smile…his love for his teammates…and of course his game,” said Robert Zito, IPZ managing partner. “This is a young man who exhibits discipline, loyalty, teamwork and ‘getting it done’ in the classroom and on the court. With a 3.5 GPA and his work representing Rutgers and New Jersey on the basketball court, Cliff has been a phenomenal asset to both the school and the state.”

 

In 2021 the NCAA officially announced a new NIL policy that allows athletes to be compensated for their name, image, and likeness. However, the law remains unclear as it translates to international students in the United States on F-1 student visas.

 

Prominent New Jersey attorney Peter Till has been engaged to navigate the complexity of the F-1 student visa issues as it relates to Cliff and other New Jersey and United States college athletes.

 

“‘This law firm could not be prouder to preserve and protect all of Cliff’s opportunities that are only available in America,” said Till. “There is a clear and unmistakable reason why so many students come to these shores because of the unparalleled opportunities for greatness that can only happen in this country. We will seek and explore every opportunity to obtain the benefits of hard work available to student athletes today, including the foreign student-athletes who are unquestionably and utterly accomplished on behalf of their respective colleges and universities.”

 

“I sincerely appreciate the work that IPZ and Mr. Till are doing on my behalf,” said Cliff Omoruyi. “I know that they have met with Rutgers and that my school is supportive. I hope to have the ability to use my personality, knowledge, work as a student in the classroom and my basketball acumen to help brands in New Jersey…the United States…and the world.”

 

About IPZ: IPZ represents clients in sports, media, and entertainment, providing management, contract negotiations, consulting, public relations and marketing communications support. The company, an alliance with Zito Partners, is built on the integrity of its professionals, maintains a family focus, and provides whole life solutions for its clients. For more information, visit www.ipzusa.com

Contacts

Robert Duggan

rduggan@ipzusa.com
917-243-3406

Categories
Business Culture Lifestyle

Samsung Solve for Tomorrow National Winners tackle food waste, crowd stampedes and bus driver shortages

New Jersey, Texas, and Virginia schools awarded $100,000 each in technology in 12th annual $2 million STEM competition

 

RIDGEFIELD PARK, N.J. — (BUSINESS WIRE) — After a two-year virtual hiatus resulting from the COVID-19 global pandemic, Samsung Electronics America, Inc. announced the three National Winners of the 12th annual $2 million* Samsung Solve for Tomorrow Contest during an in-person event at Samsung 837 in Manhattan. Students from across the country convened both in-person, virtually and in the metaverse via 837x to present how they used STEM (science, technology, engineering and math) skills to address local issues and inspire change in their communities. Selected from 10 finalists, the National Winners will receive $100,000 in Samsung technology and classroom supplies.


Over the course of the school year, middle and high students have worked to develop sustainable projects using problem-based learning to address issues in their local community from climate change to public transportation and mobility. These innovations, developed by bright young minds, demonstrate how STEM learning can take an idea and transform a community, while empowering students to make a difference despite the adversities they may face.

 

“We are thankful to have the opportunity to recognize such a remarkable group of inspiring and innovative Solve for Tomorrow students in person after a two-year virtual hiatus,” said Ann Woo, Senior Director of Corporate Citizenship at Samsung Electronics America. “These students continue to tackle problems of national importance with extraordinary solutions. We look forward to seeing our Samsung Solve for Tomorrow students continue to make a difference in our world in the years to come.”

 

The three National Winners in the 12th annual Samsung Solve for Tomorrow Contest and their grand prize-winning STEM innovations are:

 

1. Princeton High School – Princeton, New Jersey

Food waste is the third-largest contributor to greenhouse gas emissions and Princeton, NJ does not have any specialized municipal collection of organic waste. Therefore, most of the food that is not consumed within the community is thrown into the garbage and ultimately winds up in landfills. To combat the overproduction of greenhouse gas emissions in landfills, the students utilized technology, and the black soldier fly to bioremediate food waste into usable products such as protein for animal feed and as a substitute for palm oil in cosmetics like soap.

 

Princeton High School was also named the Samsung Employee Choice Award Winner, winning an additional $10,000, bringing their total to $110,000 in technology for their school.

 

View Princeton High School’s project video here: https://youtu.be/VmYo5etiWII

 

2. Porter High School – Porter, Texas

To help get students to safety and prevent crowd panic caused by an active shooter, or the threat of one, students from Porter High School developed an evacuation system to address crowd stampedes. First, a mesh network of microcontrollers will detect if there is an active shooter and relay that information. Second, if an evacuation is necessary, the microcontrollers will activate a color-coded system of lights and arrows located along the floor and walls of the hallways that will convey the most expedient and safest route out of the area to help reduce panic.

 

View Porter High School’s project video here: https://youtu.be/wcbbE-mirAA

 

3. Great Bridge High School – Chesapeake, Virginia

When faced with an unreliable public transportation system, students from Great Bridge High School developed AcceleRoute, a system to help bus drivers construct personalized and efficient routes determined by the students they are transporting on a given day. As the students board the bus, they scan a programmed card that connects to an app that will determine the most efficient route to transport all students to their homes.** The system increases efficiency and bus ridership while reducing greenhouse gas emissions.

 

Great Bridge High School was also named the Community Choice Award Winner, winning an additional $10,000 bringing their total to $110,000 in technology for their school.

 

View Great Bridge High School’s project vide here: https://youtu.be/hRYP3k1S8iM

 

New this year, Samsung partnered with the North American Association for Environmental Education (NAAEE) for the first Solve for Tomorrow Sustainability Innovation award, furthering Samsung’s commitment to sustainability. This year, Central Falls High School from Central Falls, Rhode Island, was selected as the winner by a committee of judges for addressing environmental justice and redeveloping abandoned areas to increase urban greenery.. The school was awarded a $10,000 in energy efficient Samsung technology prize package of products to help bring their project idea to life.

 

“NAAEE is proud to collaborate with Samsung for the Solve for Tomorrow Contest to select a Sustainability Innovation Award Winner,” said Judy Braus, Executive Director NAAEE. “The students at Central Falls High School exemplified the thoughtful and community-focused innovation we need to create an equitable and sustainable future for all. It was inspirational to see how so many of the projects tackled environmental challenges and highlighted the power of teamwork, creative problem solving, and passion in creating positive community change.”

 

As part of Samsung’s guiding vision of ‘Together for Tomorrow! Enabling People’, Solve for Tomorrow launched in 2010 to encourage innovative thinking, creative problem-solving and teamwork to address the most pressing issues impacting society. Today, the competition fosters critical thinking and creative problem solving, anchored in problem-based learning. For the past decade, Samsung has awarded $20 million in technology and classroom materials to more than 2,500 public schools in the United States.

 

To learn more about the National Finalist schools, please visit www.samsung.com/solve or follow on Instagram @SolveForTomorrow. For official rules and judging criteria, click here.

 

*$2 million prize is based on an estimated retail value.

**The school is responsible for ensuring the proper handling and security of all data potentially shared and/or collected as part of their project. Samsung takes privacy very seriously and encourages all Semi-Finalists to consider how information that is part of their project is being handled.

 

About Samsung Electronics America, Inc.

Headquartered in Ridgefield Park, N.J., Samsung Electronics America, Inc. (SEA) is a leader in mobile technologies, consumer electronics, home appliances and enterprise solutions. The company pushes beyond the limits of today’s technology to provide groundbreaking connected experiences across its large portfolio of products and services, including mobile devices, home appliances, home entertainment, 5G networks, and digital displays. As EPA’s ENERGY STAR® Corporate Commitment Partner, SEA is dedicated to making a positive impact on the environment through its eco-conscious products, practices and operations. To learn more and to get involved, visit Samsung.com. For the latest News visit news.samsung.com/us and follow @SamsungNewsUS. SEA is a wholly owned subsidiary of Samsung Electronics Co., Ltd.

 

About Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI and LED solutions. For the latest News please visit the Samsung Newsroom at http://news.samsung.com.

Contacts

Cat Lyons

Allison+Partners for Samsung

SamsungSFT@allisonpr.com

Categories
Business Lifestyle

Premier Specialties, Intarome and Fragrance Solutions unite as OnScent

MIDDLESEX, N.J. — (BUSINESS WIRE) — Premier Specialties, Intarome and Fragrance Solutions—companies with solid reputations for innovation and customer-centricity—are joining forces under a new name, OnScent.

 

 

As OnScent, the unification expands the companies’ abilities to provide the fragrance solutions, expertise, responsiveness, and infrastructure that innovative Consumer Package Goods (CPG) brands, contract manufacturers and private-label manufacturers need to accelerate success.

 

“The combined strengths, talent and long-standing customer relationships of Premier Specialties, Intarome and Fragrance Solutions will enable us to become a disruptive force in the industry,” said Bertrand Lemont, OnScent CEO. “We provide the creativity, science, market intelligence and regulatory expertise our customers need to deliver authentic solutions that differentiate their brands, delight their customers and enable category leadership.”

 

OnScent will maintain fragrance research, creation, production, and distribution through two state-of-the-art facilities in Middlesex, NJ (formerly Premier Specialties) and Norwood, NJ (formerly Intarome).

 

“OnScent is passionately devoted to creating unique and authentic fragrance and natural cosmetic solutions that are consistently on brand, on brief and on trend,” said Lemont. “Our team has the expertise, creativity, and commitment to operational excellence that product innovators need. We deliver solutions through a partnership model that is based on trust, transparency, and mutual success.”

 

About OnScent

OnScent partners with product innovators to create fragrance and natural cosmetic solutions that accelerate your success. Our multi-disciplinary team of fragrance industry experts combine creativity, science, market intelligence and regulatory expertise to deliver authentic solutions that differentiate your brands, delight your customers, and enable product leadership. Visit OnScent.com.

Contacts

Contact: Rosita Presti, OnScent

Phone: 201.450.1691

Email: rpresti@OnScent.com

Categories
Business Culture

Blue Foundry Bancorp announces Kelly Pecoraro will join the company

Seasoned finance executive brings years of leadership, accounting and management experience to the Company

 

RUTHERFORD, N.J.–(BUSINESS WIRE)–Blue Foundry Bancorp (Nasdaq: BLFY) (the “Company”), announced today that Kelly Pecoraro will be joining Blue Foundry Bancorp on May 9, 2022. Subsequently, Ms. Pecoraro is expected to be appointed as the Company’s Executive Vice President and Chief Financial Officer on May 18, 2022 at the May meeting of the Company’s Board of Directors.

James D. Nesci, President and Chief Executive Officer stated, “We are excited to welcome Ms. Pecoraro to Blue Foundry’s executive leadership team. Her years of experience as a finance executive at a large, fast growing regional bank will prove to be invaluable at Blue Foundry.”

 

Ms. Pecoraro comes from Investors Bank where she served as Executive Vice President, Chief Accounting Officer and Comptroller of the $28 billion bank operating in the New York metropolitan area. This month Citizens Financial Group, Inc. completed its acquisition of Investors Bancorp, the holding company of Investors Bank. Prior to joining Investors Bank, Ms. Pecoraro served as an audit professional at KPMG. Ms. Pecoraro is a Certified Public Accountant.

 

Ms. Pecoraro commented, “I am eager to join Blue Foundry’s dynamic, inclusive, and energetic culture. I look forward to leveraging my experiences to support the Company at such an important juncture in their expansive history.”

 

About Blue Foundry Bancorp and Blue Foundry Bank

Blue Foundry Bancorp is the holding company for Blue Foundry Bank, a place where things are made, purpose is formed, and ideas are crafted. Headquartered in Rutherford NJ, with presence in Bergen, Essex, Hudson, Morris, Passaic and Somerset counties, Blue Foundry Bank is a full-service, progressive bank serving the doers, movers, and shakers in our communities. We offer individuals and businesses alike the tailored products and services they need to build their futures. With a rich history dating back more than 145 years, Blue Foundry Bank has a longstanding commitment to its customers and communities. To learn more about Blue Foundry Bank visit BlueFoundryBank.com or call (888) 931-BLUE. Member FDIC.

 

Forward-Looking Statements

This press release may contain certain forward-looking statements about the Company. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They may or may not include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include conditions related to the global coronavirus pandemic, changes in the interest rate environment, changes in the rate of inflation, general economic conditions or conditions within the securities markets, and legislative and regulatory changes that could adversely affect the business in which the Company and its subsidiaries are engaged.

Contacts

James D. Nesci
President and Chief Executive Officer

Blue Foundry Bank

201-972-8900

jnesci@BlueFoundryBank.com

Lindsay Erickson
Tierney Communications

610-331-2354

Lindsay.erickson@tierneyagency.com

Categories
Business Culture

CORRECTING and REPLACING County Market experiences a 500% increase in monthly app downloads after transforming the Penny Pincher coupon book with Birdzi

Birdzi and County Market successfully replaced the costly paper Penny Pincher coupon book with an in-app digital alternative across all store locations

 

ISELIN, N.J. — (BUSINESS WIRE) — Please replace the release dated April 20, 2022, with the following corrected version due to multiple revisions.

The updated release reads:

COUNTY MARKET EXPERIENCES A 500% INCREASE IN MONTHLY APP DOWNLOADS AFTER TRANSFORMING THE PENNY PINCHER COUPON BOOK WITH BIRDZI

 

Birdzi and County Market successfully replaced the costly paper Penny Pincher coupon book with an in-app digital alternative across all store locations

 

Birdzi, the supermarket industry’s most comprehensive customer intelligence and engagement ecosystem, today announced the successful implementation of the digital Penny Pincher at Niemann Foods’ County Market. In order to reduce printing costs and increase shopper engagement, County Market was determined to quickly pivot from the popular paper Penny Pincher coupon book to a more profitable digital format. A month after implementation, the regional grocer witnessed a 400% increase in digital coupon redemption rates and a 300% increase in digitally engaged shoppers, including those that had previously resisted a transition away from paper.

 

To better digitize the in-store experience, County Market turned to its long-standing partner, Birdzi. The regional grocer is engaged with Birdzi for their mobile app, web app, personalized email marketing, and customer segmentation and analytics capabilities.

 

County Market converted their paper-based Penny Pincher coupon book into digital offers using Birdzi’s platform, which also highlights relevant offers for each shopper in the myCountyMarket app. When clipped, these coupons are automatically added to their customer profile and easily activated at checkout. Unlike paper circulars, the success of the digital Penny Pincher campaigns is monitored in real-time via Birdzi’s dashboards, thus allowing County Market to be more strategic and adaptable.

 

With Birdzi’s partnership, County Market’s digital Penny Pincher greatly improved critical metrics for a fraction of the cost of paper circulars. In only one month, the results of the switch to digital included:

 

  • An over 300% increase in the number of digitally engaged customers compared to the previous highest number of digitally engaged customers
  • A 500% increase in monthly app downloads and web registrations
  • 80% of shoppers who clipped and activated an offer redeemed it with a purchase
  • A 45% overall redemption rate for the digital coupons, a 400% increase compared to previous digital coupon redemption rates

 

“County Market did an exceptional job encouraging customers to try the digital Penny Pincher,” said Shekar Raman, CEO and co-founder, Birdzi. “As a result, County Market immediately earned lifts in loyalty and engagement. Over time, they will gain invaluable data and customer intelligence that can be used to better cater to the needs of their shoppers and improve profitability.”

 

In Dec. 2021, County Market began the transition to digital by consistently offering 2-5 digital coupons on the store’s app for two months. Additionally, the grocer used signage, flyers and bag stuffers to educate and encourage customers to download the app. QR codes were placed next to select items; if scanned, these QR codes launched the app and took customers to the related coupon. Finally, all in-store associates were trained to use the platform so they could support customers. By March 2022, County Market had implemented the digital Penny Pincher campaign in all forty-two stores.

 

“We were impressed by our shoppers’ willingness to switch to digital Penny Pincher,” said Avry Brown, consumer engagement manager, Niemann Foods, Inc. “With Birdzi, we witnessed an over 400% increase in digital coupon redemption rates compared to previous digital coupon trials in just the first month. Birdzi has been an essential partner for us as we enhance the customer journey for both our in-store and online customers.”

 

To learn more about how Birdzi is revolutionizing the weekly ad circular, visit www.birdzi.com.

 

About Birdzi

Birdzi was founded with a vision to make the shopping experience “Smart, Personal and Seamless” for the shopper, while empowering retailers and brands to easily and intelligently connect with the shopper at the right time and place with the right message. For more information, visit: www.birdzi.com.

Contacts

Jenna Gibson

Ketner Group Communications (for Birdzi)

jenna.gibson@ketnergroup.com

Categories
Business Culture

B&G Foods announces date of first quarter 2022 earnings conference call

 

PARSIPPANY, N.J.–(BUSINESS WIRE)–B&G Foods, Inc. (NYSE: BGS) announced today that it intends to issue a press release with first quarter 2022 financial results after the market close on Thursday, May 5, 2022. B&G Foods has scheduled a conference call at 4:30 p.m. ET that same day to discuss the results. Hosting the call will be Casey Keller, President and Chief Executive Officer and Bruce Wacha, Executive Vice President of Finance and Chief Financial Officer.

 

The earnings press release and live audio webcast of the conference call can be accessed at www.bgfoods.com/investor-relations. A replay of the webcast will be available following the conference call through the same link.

 

About B&G Foods, Inc.

Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. With B&G Foods’ diverse portfolio of more than 50 brands you know and love, including Back to Nature, B&G, B&M, Bear Creek, Cream of Wheat, Crisco, Dash, Green Giant, Las Palmas, Le Sueur, Mama Mary’s, Maple Grove Farms, New York Style, Ortega, Polaner, Spice Islands and Victoria, there’s a little something for everyone. For more information about B&G Foods and its brands, please visit www.bgfoods.com.

Contacts

Investor Relations:

ICR, Inc.

Dara Dierks

866.211.8151

Media Relations:

ICR, Inc.

Matt Lindberg

203.682.8214