Tag: Business

Categories
Business

Buckle CEO and co-founder joins Insuretech Disruptor Panel at ITC Las Vegas

Buckle’s Marty Young speaking on panel, “The Role of the Disruptor,” at Insuretech Connect on Wednesday, October 6, 2021 in Las Vegas

 

JERSEY CITY, N.J. — (BUSINESS WIRE) — #CEO—Marty Young, co-founder and CEO of Buckle, an inclusive tech-enabled financial services company, is speaking on the panel, “The Role of the Disruptor,” at ITC Las Vegas, taking place on Monday, October 4 – Wednesday, October 6, 2021. He is joined by panelists, Richard McCathron, President at Hippo; Michael Salem, Co-CEO and founder of Midwest Holding; and Dante La Ruffa, Investment Professional, Aquiline Capital Partners. Insuretech Connect (ITC) is the world’s largest insuretech event and most comprehensive gathering of global tech entrepreneurs, investors, and insurance industry incumbents.

WHAT: Buckle’s Marty Young Joins Insuretech Disruptor Panel at ITC Las Vegas

WHEN: Wednesday, October 6, 2021, 2:00 p.m. – 2:50 p.m. PDT

WHERE: Mandalay Bay, 3950 South Las Vegas Boulevard, Las Vegas

 

The landscape of insuretech has seen hundreds, if not thousands, of companies that did not exist at the time of the first ITC event. Some are direct competitors to established players. Others are looking to help established players disrupt themselves. Some look to fill the void no one else serves, neither competing nor directly enabling. In a world where “disruptor” is no longer one that thumbs their nose at the established companies or established way of doing things, what should the purpose of disruption mean? The panelists are discussing what an insuretech disruptor should be.

 

In addition to insuretech and fintech strategies, Marty leads Buckle in mergers and acquisitions execution. He is a globally recognized Wall Street professional with 20+ years of special situations experience in executing more than 75 transactions worth $30+ billion as both a trusted financial advisor and executive officer.

 

Marty graduated from the United States Military Academy at West Point and was commissioned as a U.S. Army Infantry Officer. After 9/11, he transitioned into and continues to serve as a U.S. Army Chaplain in the National Guard. He also serves on the Advisory Board of the School of Industrial and Systems Engineering of the Georgia Institute of Technology, where he obtained a master’s degree in Operations Research. In addition, Marty has an MBA from the NYU Stern School of Business and is a graduate of the U.S. Army Command and General Staff College.

 

During the three days of ITC, the industry is convening to showcase new innovations, learn how to increase productivity, reduce costs, and ultimately enrich the lives of policyholders. For more information on ITC Las Vegas, go to: https://vegas.insuretechconnect.com/.

 

About Buckle

Buckle is the inclusive digital financial services company serving the rising middle class and providers to the gig economy. Using a portfolio of technologies and data sources, Buckle provides insurance and credit products to those who earn less than the average American wage and are subsequently penalized for having poor or no credit. Connect with Buckle on Facebook, Twitter and LinkedIn. Visit www.buckleup.com.

All trademarks recognized.

Contacts

Tracy Wemett

BroadPR

+1-617-868-5031

tracy@broadpr.com

Categories
Business Technology

Crestron strengthens the hybrid meeting experience with intelligent video

Crestron Flex video conferencing platform adds support for Jabra and Huddly cameras, delivering intelligent video features and capabilities demanded in today’s work environment.

 

ROCKLEIGH, N.J. — (BUSINESS WIRE) — Crestron, a global leader in workplace technology, is enhancing the Crestron Flex platform with new intelligent video support from partners Jabra® and Huddly® to facilitate equitable and productive meetings both in-office or at-home. As businesses shift to a hybrid-first environment, where seamless collaboration between dispersed teams is a top priority, one of the biggest challenges has been ensuring every person in the meeting has an equal seat at the table.

Room systems with intelligent audio and video features, paired with the software innovations from meeting service providers, such as Microsoft Teams® and Zoom Rooms™ platforms, ensure all meeting participants can easily contribute and productively collaborate. The Crestron Flex platform ties it all together, providing purpose-built devices for every space and application, while delivering a consistent user experience throughout the organization. By standardizing on Crestron Flex, enterprises can deliver a successful meeting experience across the office, from the largest board room to rotating hot desks and huddle spaces, as well as easy scalability and support via Crestron XiO Cloud® remote management software.

 

“Among the many things we’ve learned as individuals continue to work remotely and return-to-office, is video conferencing and collaboration is at the center of the modern workplace. As we saw last week with Google’s real estate acquisition the corporate office is not going away, so we have to make the experiences better for everyone,” said Alex Peras, Director of UC & Corporate Development, Crestron. “Adding immediate support for Jabra and Huddly cameras helps build on our mission to ensure an immersive and equitable meeting experience, regardless of where participants join from.”

 

The addition of intelligent video integration to the Crestron Flex platform offers several features that enhance the video conferencing experience, including:

 

  • People counting and face framing – Intelligent cameras recognize each participant in the room and provide a single image of each participant as well as a full room view to ensure each participant, both locally and remote, have an equal seat at the table.
  • Full room view – Integrated real-time video stitching gives a full 180˚ view of the room, fully optimizing small spaces for better video conferencing, ensuring every person can be seen clearly, all while maintaining proper social distancing protocols.
  • Whiteboard Sharing – Whiteboards are a key collaboration tool, however with hybrid meetings, remote participants are often left in the dark and cannot view the content on the whiteboard in the room. Whiteboard Sharing enables participants to view and share content from up to three whiteboards digitally, extending the functionality and usability of whiteboard collaboration to outside the room.
  • Analytics – Capture data and analytics of room utilization, occupancy, and people counting to provide better insight into how your spaces are being used which enables more efficient real estate planning and budgeting.

 

Learn More

For more information on Crestron Flex and its Intelligent Video capabilities, please visit: https://www.crestron.com/flex.

Contacts

Crestron Press Contact

Caster Communications

Robert Simms

O: 401-792-7080

crestron@castercomm.com

Categories
Business Sports & Gaming

Penn National Gaming receives Investment Canada Act approval for its acquisition of theScore

Acquisition Expected to Close on October 19, 2021

TORONTO — (BUSINESS WIRE) — $SCR–Score Media and Gaming Inc. (TSX: SCR; NASDAQ: SCR) (“theScore” or the “Company”) is pleased to announce that Penn National Gaming, Inc. (“Penn National”) has received approval from the Minister of Canadian Heritage under the Investment Canada Act in connection with its previously announced acquisition of theScore by way of a plan of arrangement (the “Arrangement”).

Subject to approval by theScore’s shareholders at a special meeting (the “Meeting”), receipt of a final order in respect of the Arrangement from the Supreme Court of British Columbia, and satisfaction or waiver of the other conditions to closing contained in the arrangement agreement with Penn National, the Arrangement is expected to close on October 19, 2021.

 

Virtual Meeting of Shareholders

The Meeting is scheduled for Tuesday, October 12, 2021 at 11:00 a.m. (Toronto time). The Company will be holding the Meeting in a virtual-only format, which will be conducted via live audio webcast online at https://meetnow.global/MTQMUXR. During the audio webcast, shareholders will be able to hear the Meeting live, and registered shareholders and duly appointed proxyholders will be able to submit questions on procedural matters and vote at the Meeting. The Management Information Circular sent to Shareholders in connection with the Meeting provides important and detailed instructions about how to participate at the virtual Meeting.

 

About Score Media and Gaming Inc.

theScore empowers millions of sports fans through its digital media and sports betting products. Its media app ‘theScore’ is one of the most popular in North America, delivering fans highly personalized live scores, News stats, and betting information from their favorite teams, leagues, and players. The Company’s sports betting app ‘theScore Bet’ delivers an immersive and holistic mobile sports betting experience and is currently available to place wagers in New Jersey, Colorado, Indiana and Iowa. theScore also creates and distributes innovative digital content through its web, social and esports platforms.

 

About Penn National Gaming

With the nation’s largest and most diversified regional gaming footprint, including 43 properties across 20 states, Penn National continues to evolve into a highly innovative omni-channel provider of retail and online gaming, live racing, and sports betting entertainment. The Company’s properties feature approximately 50,000 gaming machines, 1,300 table games and 8,800 hotel rooms, and operate under various well-known brands, including Hollywood, Ameristar, and L’Auberge. Our wholly-owned interactive division, Penn Interactive, operates retail sports betting across the Company’s portfolio, as well online social casino, bingo, and iCasino products. In February 2020, Penn National entered into a strategic partnership with Barstool Sports, whereby Barstool is exclusively promoting the Company’s land-based and online casinos and sports betting products, including the Barstool Sportsbook mobile app, to its national audience. The Company’s omni-channel approach is bolstered by the mychoice loyalty program, which rewards and recognizes its over 24 million members for their loyalty to both retail and online gaming and sports betting products with the most dynamic set of offers, experiences, and service levels in the industry.

 

Forward-Looking Information

Forward-Looking Information This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. These statements can be identified by the use of forward-looking terminology such as “expects,” “believes,” “estimates,” “projects,” “intends,” “plans,” “goal,” “seeks,” “may,” “will,” “should,” or “anticipates” or the negative or other variations of these or similar words, or by discussions of future events, strategies or risks and uncertainties. Specifically, forward-looking statements include, but are not limited to, statements regarding the Arrangement and the expected closing thereof and the Meeting. Such statements are all subject to risks, uncertainties and changes in circumstances that could significantly affect the Company’s future financial results and business as well as the expected completion of the Arrangement and the timing thereof. Accordingly, the Company cautions that the forward-looking statements contained herein are qualified by important factors that could cause actual results to differ materially from those reflected by such statements. Such factors include, but are not limited to: (a) the closing of the Arrangement may be delayed or may not occur at all, for reasons beyond the Company’s control; (b) the requirement for the closing conditions in the arrangement agreement with Penn National, including the approval of the shareholders of theScore, to be satisfied or waived; (c) the occurrence of any event, change or other circumstances that could give rise to the right of one or both of theScore and Penn National to terminate the arrangement agreement between the companies; and (d) other factors as discussed in theScore’s Annual Information Form as filed with applicable securities regulatory authorities in Canada and as filed with the U.S. Securities and Exchange Commission, and elsewhere in documents that theScore files from time to time with such securities regulatory authorities in Canada and with the U.S. Securities and Exchange Commission, including its Management’s Discussion & Analysis and the Management Information Circular sent to Shareholders in connection with the Meeting. theScore does not intend to update publicly any forward-looking statements except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release may not occur.

Contacts

For more information, please contact:


Investor Relations:

Alvin Lobo

Chief Financial Officer

ir@thescore.com
416-479-8812

Richard Land, James Leahy

JCIR

scr@jcir.com
212-835-8500

General Media Inquiries:

Eric Schippers

SVP, Public Affairs & Government Relations

Penn National Gaming

Eric.Schippers@pngaming.com
610-378-8321

Daniel Sabreen

Vice President, Communications

Score Media and Gaming, Inc.

dan.sabreen@thescore.com
917-722-3888 ext. 706

Categories
Business Technology

AeroFarms expands distribution of its award-winning greens with Stop & Shop to meet customer demand

Expanding to more than 350 Stop & Shop locations in Northeast and New England regions

 

NEWARK, N.J. — (BUSINESS WIRE) — AeroFarms, a Certified B Corporation and leader in indoor vertical farming, today announced that it is expanding this Fall its distribution of leafy greens to more than 350 Stop & Shop Stores across the Northeast and New England regions including New Jersey, New York, Connecticut, Massachusetts, and Rhode Island.


“Customers have fallen in love with our award-winning greens,” said David Rosenberg, Co-Founder and Chief Executive Officer of AeroFarms. “We are excited to be able to expand our distribution with a great partner like Stop & Shop to offer our high-quality produce all year round at consistent pricing and availability, and we can help grow the entire category of leafy greens and drive consumption with our sustainably grown produce that is ultimately winning on taste.”

 

AeroFarms starts by selecting the most flavorful varietals of leafy greens, then perfects them in its proprietary indoor vertical farms for optimal quality, yield, color, nutrition, texture, and taste. AeroFarms has trademarked Vertical Farming, Elevated Flavor™ to highlight to consumers not only where and how its food is grown, but also more importantly, the key growing benefits that AeroFarms uniquely brings to the market, setting a new culinary standard with millions of data points to prove it.

 

AeroFarms grows its kale to be sweeter and its arugula to be perfectly peppery, and the Company has developed its signature FlavorSpectrum™ to represent the breadth of flavors and hundreds of varieties of leafy greens that it is able to grow. AeroFarms’ team of experts from horticulturists to engineers to data scientists to nutritionists pair each specific tasting note with a representative color to bring the FlavorSpectrum™ philosophy to life. Across its leafy greens packaging line, the cool blue tones represent sweet and mellow notes, while the intense reds represent bold and zesty flavors.

 

Besides its line of baby leafy greens, AeroFarms has been expanding the category of microgreens that were recognized by The Today Show as one of the top health trends for 2021. Responding to increased consumer demand, AeroFarms has successfully added Micro Arugula, Micro Broccoli, Micro Kale, and Micro Rainbow Mix to its core line of Micro Spicy Mix and Micro Super Mix. Produced year-round at the highest quality, AeroFarms microgreens offer great visual and flavor excitement, elevating the home cook into a chef. In addition, AeroFarms microgreens provide higher nutrient density than their mature green counterparts, offering a powerful way to provide a potent boost of vitamins, minerals, and phytonutrients.

 

All AeroFarms leafy greens are safely grown indoors in New Jersey at one of AeroFarms’ state-of-the art commercial indoor vertical farms that is certified for USDA Good Agricultural Practices, SQF Level 2 Good Manufacturing Practices, Non-GMO Project Verification, and OU Kosher. AeroFarms leafy greens are completely pesticide free, and ready-to-eat without any need to wash, providing a major benefit to consumers looking for safety and convenience. AeroFarms leafy greens are available at major retail and foodservice customers including not only Stop & Shop but also Walmart, Whole Foods Market, ShopRite, Amazon Fresh, FreshDirect, and Baldor Specialty Foods.

 

About AeroFarms

Since 2004, AeroFarms has been leading the way for indoor vertical farming and championing transformational innovation for agriculture. On a mission to grow the best plants possible for the betterment of humanity, AeroFarms is a Certified B Corporation with global headquarters in Newark, New Jersey. Named one of the World’s Most Innovative Companies by Fast Company two years in a row and one of TIME’s Best Inventions in Food, AeroFarms patented, award-winning indoor vertical farming technology provides the perfect conditions for healthy plants to thrive, taking agriculture to a new level of precision, food safety, and productivity while using up to 95% less water and no pesticides ever versus traditional field farming. AeroFarms enables local production to safely grow all year round, using vertical farming for elevated flavor. In addition, through its proprietary growing technology platform, AeroFarms has grown over 550 varieties, has innovated in speed breeding, and has developed multi-year strategic partnerships ranging from government to major Fortune 500 companies to help uniquely solve agriculture supply chain needs. For additional information, visit: https://aerofarms.com/.

 

On March 26, 2021, AeroFarms announced a definitive business combination agreement with Spring Valley Acquisition Corp. (Nasdaq: SV). Upon the closing of the business combination, AeroFarms will become publicly traded on Nasdaq under the new ticker symbol “ARFM”. Additional information about the transaction can be viewed here: https://aerofarms.com/investors/.

 

Forward Looking Statements

Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “might,” “will,” “estimate,” “continue,” “contemplate,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “predict,” “project,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All statements, other than statements of present or historical fact included in this press release, including those regarding Spring Valley’s proposed acquisition of AeroFarms and pursuit of additional capital are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the respective management of AeroFarms and Spring Valley and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of AeroFarms and Spring Valley. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the inability of the parties to successfully or timely consummate the proposed transaction, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed transaction or that the approval of the stockholders of Spring Valley or AeroFarms is not obtained; failure to realize the anticipated benefits of the proposed transaction; risks related to the expansion of AeroFarms’ business and the timing of expected business milestones; the effects of competition on AeroFarms’ business; the ability of Spring Valley or AeroFarms to issue equity or equity-linked securities or obtain debt financing in connection with the proposed transaction or in the future, and those factors discussed in Spring Valley’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, final prospectus dated November 25, 2020 and definitive proxy statement/prospectus dated July 26, 2021 under the heading “Risk Factors,” and other documents Spring Valley has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Spring Valley nor AeroFarms presently know, or that Spring Valley nor AeroFarms currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Spring Valley’s and AeroFarms’ expectations, plans, or forecasts of future events and views as of the date of this press release. Spring Valley and AeroFarms anticipate that subsequent events and developments will cause Spring Valley’s and AeroFarms’ assessments to change. However, while Spring Valley and AeroFarms may elect to update these forward-looking statements at some point in the future, Spring Valley and AeroFarms specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Spring Valley’s and AeroFarms’ assessments of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Contacts

AeroFarms
Investor Relations:

Jeff Sonnek ICR

Jeff.Sonnek@icrinc.com
1-646-277-1263

Media Relations:

Marc Oshima
AeroFarms

MarcOshima@AeroFarms.com
1-917-673-4602

Categories
Business Technology

Align’s Vinod Paul accepted into Forbes Technology Council

NEW YORK — (BUSINESS WIRE) — Vinod Paul, Chief Operating Officer at Align, the premier global provider of technology infrastructure solutions, has been accepted into Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs, and technology executives.


Paul was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.

 

“We are honored to welcome Vinod into the community,” said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Technology Council. “Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world.”

 

As an accepted member of the Council, Paul has access to a variety of exclusive opportunities designed to help him reach peak professional influence. He will connect and collaborate with other respected local leaders in a private forum. Paul will also be invited to work with a professional editorial team to share his expert insights in original business articles on Forbes.com, and to contribute to published Q&A panels alongside other experts.

 

“It is a tremendous opportunity to join the esteemed technology leaders in the Forbes Technology Council,” Paul said. “Align’s approach to Managed Services has kept us at the forefront of technology providers in the alternative investment market. The Forbes platform will continue to allow us to address all of the technological, cybersecurity, governance, and compliance needs across the financial services and alternative investment management industry and beyond.”

 

About Forbes Councils

Forbes Councils is a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and leaders come together with the people and resources that can help them thrive.

 

For more information about Forbes Technology Council, visit forbestechcouncil.com. To learn more about Forbes Councils, visit forbescouncils.com.

 

About Align

Align is a premier global provider of infrastructure technology solutions. For over 30 years, leading firms worldwide have relied on Align to guide them through IT challenges, delivering complete, secure solutions for business change and growth. Align is headquartered in New York City and has offices in London, Chicago, San Francisco, Arizona, New Jersey, Texas and Virginia. Learn more at www.align.com and www.aligncybersecurity.com.

Contacts

Ashley Holbrook

aholbrook@align.com
212-546-6159

Categories
Business

Elmer Bancorp, Inc. announces cash dividend

ELMER, N.J. — (BUSINESS WIRE) — ELMER BANCORP, INC. (“Elmer Bancorp” or the “Company”) (OTC Pink: ELMA), parent company of The First National Bank of Elmer (the “Bank”), announced that the Board of Directors declared a cash dividend on October 1, 2021, in the amount of $0.20 per common share, payable on November 1, 2021, to shareholders of record as of the close of business on October 15, 2021. This represents a 17.6% increase from the $0.17 per common share declared in April 2021.

Brian W. Jones, President and CEO of the Company stated, “The Board of Directors is pleased to enhance the shareholders’ return on their investment by increasing the dividend, while at the same time remaining diligent in managing the Company’s capital position.” Chairman of the Board P. Scott Boyer added “I would like to thank management and all of our employees for their hard work during these difficult times. Their hard work enabled us to pay this dividend. Thank you!”

 

The First National Bank of Elmer, a nationally chartered bank headquartered in Elmer, New Jersey, has a long history of serving the community since its beginnings in 1903. We are a community bank focused on providing deposit and loan products to retail customers and to small and mid-sized businesses from our six full service branch offices located in Cumberland, Gloucester and Salem Counties, New Jersey, including our main office located at 10 South Main Street in Elmer, New Jersey. Deposits at The First National Bank of Elmer are insured up to the legally maximum amount by the Federal Deposit Insurance Corporation (FDIC).

Contacts

Matthew A. Swift

Executive Vice President

Chief Financial Officer and

Chief Operating Officer

1-856-358-7000

Categories
Business Local News

Universal Display Corporation announces third quarter 2021 conference call

EWING, N.J. — (BUSINESS WIRE) — $OLED #OLED—Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its results for the third quarter, ended September 30, 2021, will be released on Thursday, November 4, 2021 after market close. At that time, a copy of the financial results release will be available on the Company’s website at https://oled.com/.

In conjunction with this release, Universal Display will host a conference call on Thursday, November 4, 2021 at 5:00 p.m. Eastern Time. The live webcast of the conference call can be accessed under the events page of the Company’s Investor Relations website at ir.oled.com. Those wishing to participate in the live call should dial 1-877-524-8416 (toll-free) or 1-412-902-1028. Please dial in 5-10 minutes prior to the scheduled conference call time. An online archive of the webcast will be available within two hours of the conclusion of the call.

 

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 5,000 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 Company’s technologies and potential applications of those technologies, 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, 2020. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

Follow Universal Display Corporation

Twitter
Facebook
YouTube

(OLED-C)

Contacts

Universal Display Contact:
Darice Liu

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

Categories
Business News Now!

BMW of North America reports Q3 2021 U.S. sales results

  • Q3 2021 BMW Brand Sales Rise 8.7% vs Q3 2020.
  • Year-to-Date BMW Brand Sales Up 35.4% vs 2020.

WOODCLIFF LAKE, N.J. — (BUSINESS WIRE) — BMW of North America today reported Q3 2021 sales of 75,619 BMW vehicles in the U.S., an 8.7% increase compared to the same period last year. Year-to-date, BMW brand sales total 243,613 vehicles, an increase of 35.4% increase over the first three quarters of 2020.

The company also reported Q3 2021 sales of 6,445 MINI vehicles in the U.S., a 28.9% decrease compared to the time last period year. Year-to-date, MINI sales total 22,070, an increase of 12.7% over the first three quarters of 2020.

 

BMW’s U.S. manufacturing operations in Spartanburg, South Carolina continue to play a pivotal role in the company’s success through the first three quarters. The plant produces both the BMW X3 and BMW X5, the two best-selling BMW vehicles in the U.S., as well as the BMW X4, BMW X6 and BMW X7.

 

“It has been a challenging year, but our dealers have done an incredible job managing through it, and driving success for our business,” said Sebastian Mackensen, president and CEO, BMW of North America. “We anticipate strong consumer demand through the remainder of the year and are managing inventory levels closely to continue our positive sales momentum.”

 

Table 1: New Vehicle Sales BMW of North America, LLC, Q3 2021*

Q3 2021 Q3 2020 % YTD Q3 2021 YTD Q3 2020 %
i3

426

616

-31.0%

1,277

868

47.0%
i8

2

48

-96.0%

12

163

-93.0%
2 Series

3,211

4,190

-23.4%

12,551

9,766

28.5%
3 Series

13,591

10,394

30.8%

37,367

28,720

30.1%
4 Series

3,772

1,676

125.1%

16,305

5,633

189.5%
5 Series

4,837

5,363

-9.8%

18,538

15,698

18.1%
6 Series

5

27

-81.5%

53

145

-63.4%
7 Series

2,072

1,369

51.4%

5,987

4,217

42.0%
8 Series

1,820

2,119

-14.1%

5,601

5,560

0.7%
Z4

833

720

15.7%

1,724

2,175

-20.7%
X1

3,513

3,643

-3.6%

13,535

10,083

34.2%
X2

1,506

1,752

-14.0%

4,873

5,806

-16.1%
BMW passenger cars

35,588

31,917

11.5%

117,823

88,834

32.6%
X3

17,720

16,326

8.5%

53,993

36,400

48.3%
X4

2,520

1,620

55.6%

6,871

4,781

43.7%
X5

12,536

12,830

-2.3%

41,780

31,985

30.6%
X6

2,063

1,995

3.4%

6,675

4,447

50.1%
X7

5,192

4,882

6.3%

16,471

13,535

21.7%
BMW light trucks

40,031

37,653

6.3%

125,790

91,148

38.0%
BMW brand

75,619

69,570

8.7%

243,613

179,982

35.4%
Cooper /S Hardtop 2 Door

1,690

2,721

-37.9%

5,926

5,630

5.3%
Cooper /S Hardtop 4 Door

979

1,608

-39.1%

3,725

3,524

5.7%
Cooper /S Convertible

646

818

-21.0%

2,680

2,163

23.9%
Cooper /S Clubman

677

907

-25.4%

1,935

1,942

-0.4%
Countryman

2,453

3,010

-18.5%

7,804

6,330

23.3%
MINI brand

6,445

9,064

-28.9%

22,070

19,589

12.7%
TOTAL BMW of North America, LLC

82,064

78,634

4.4%

265,683

199,571

33.1%

BMW Certified Pre-Owned Vehicles.

BMW reported Q3 2021 certified pre-owned vehicle sales of 26,048, an 8.7% decrease from the same quarter a year ago. Year-to-date, BMW certified pre-owned vehicle sales total 86,563, a 4.6% increase over the first three quarters of 2020.

 

MINI Certified Pre-Owned Vehicles.

MINI reported Q3 2021 certified pre-owned vehicle sales of 2,691, a decrease of 0.3% from the same quarter a year ago. Year-to-date, MINI certified pre-owned vehicle sales total 8,802, a 20.3% increase over the first three quarters of 2020.

# # #

 

*The sales reported in today’s figures are of BMW passenger cars and light trucks, as well as MINI passenger cars. Consistent with auto industry practice in the U.S., BMW of North America follows the U.S. Auto Industry Sales Release Schedule issued annually by Motor Intelligence for purposes of reporting sales of BMW passenger cars and light trucks and MINI passenger cars. As a result, the sales of BMW passenger cars and light trucks and MINI passenger cars reflected in today’s Q3 2021 figures occurred between July 1, 2021 and September 30, 2021.

# # #

 

About BMW Group in America

BMW of North America, LLC has been present in the United States since 1975. Rolls-Royce Motor Cars NA, LLC began distributing vehicles in 2003. The BMW Group in the United States has grown to include marketing, sales, and financial service organizations for the BMW brand of motor vehicles, including motorcycles, the MINI brand, and the Rolls-Royce brand of Motor Cars; Designworks, a strategic design consultancy based in California; a technology office in Silicon Valley, and various other operations throughout the country. BMW Manufacturing Co., LLC in South Carolina is the BMW Group global center of competence for BMW X models and manufactures the X3, X4, X5, X6 and X7 Sports Activity Vehicles. The BMW Group sales organization is represented in the U.S. through networks of 350 BMW passenger car and BMW Sports Activity Vehicle centers, 143 BMW motorcycle retailers, 116 MINI passenger car dealers, and 38 Rolls-Royce Motor Car dealers. BMW (US) Holding Corp., the BMW Group’s sales headquarters for North America, is located in Woodcliff Lake, New Jersey.

# # #

 

Journalist note: Information about BMW Group and its products in the USA is available to journalists on-line at www.bmwusanews.com, www.miniusanews.com and www.press.bmwna.com.

Contacts

Phil DiIanni

BMW of North America, LLC

(201) 571-5660 / phil.diianni@bmwna.com

Categories
Business

TrueFort appoints Matthew Voss VP of research and development

Former Goldman Sachs IT Executive Joins Emerging Leader in Zero Trust Application Protection

WEEHAWKEN, N.J. — (BUSINESS WIRE) — #Applicationprotection—TrueFort, the zero trust application protection company, today announced the appointment of Matthew Voss as its new Vice President of Research and Development. Matthew is a recognized expert in proprietary trading systems, decentralized and blockchain systems, as well as patented large-scale data solutions. He has more than 20 years of enterprise security and IT experience with leading financial firms including Goldman Sachs, Dun & Bradstreet and Wellington Management Company.

“Matthew is a veteran enterprise technologist whose experience spans senior engineering roles with Wall Street startups to being Tech Fellow and market risk CTO at Goldman Sachs,” said Sameer Malhotra, co-founder and CEO of TrueFort. “His vision and expertise in product architecture, and proven ability to build high performance development teams will help TrueFort extend the Fortress platform with advanced new application protection capabilities.”

 

Matthew joins TrueFort from Dun & Bradstreet, where he served as Head of Enterprise Architecture and Identity Insights Leader. Previously, he was Tech Fellow and CTO of Market Risk at Goldman Sachs where he helped shape the technical vision that addressed important challenges including large scale data processing and management. Matthew has also held senior engineering roles with Wellington Management Company, Intraspect Software and JP Morgan Chase.

 

“TrueFort’s comprehensive handling of high-volume application and workload data in real-time changes the game. It gives customers the ability to proactively and adaptively lock out attacks before breaches occur,” said Matthew Voss. “I’m thrilled to join this talented team and look forward to building on TrueFort’s leading position to keep our customers securely ahead of modern cyberthreats.”

 

About TrueFort

TrueFort is the leader in delivering zero trust protection for critical applications. Leveraging unique real-time, adaptive trust, and cloud-to-ground capabilities, TrueFort’s Fortress platform detects and contains security threats before they become business risks. Founded by former IT executives from Bank of America and Goldman Sachs, leading global enterprises trust TrueFort to deliver unprecedented application visibility and security. For more information visit https://truefort.com and follow us on LinkedIn and Twitter.

 

Contacts

Marc Gendron

Marc Gendron PR for TrueFort

617.877.7480

marc@mgpr.net

Categories
Business Technology

Buckle named winner in M&A Advisor’s 15th Annual Turnaround Awards

Buckle’s acquisition of Gateway Insurance Company recognized in prestigious Turnaround Awards for Financials Deal of the Year

JERSEY CITY, N.J. — (BUSINESS WIRE) — #AGMI—Buckle, an inclusive tech-enabled financial services company, is a winner in M&A Advisor’s 15th Annual Turnaround Awards. The company has been recognized in the category, Financials Deal of the Year for its acquisition of Gateway Insurance Company. Buckle received its award at the Turnaround Awards Gala, which took place at the 2021 Distressed Investing Summit on September 29, 2021 in midtown Manhattan.

“The prestigious Turnaround Awards are the benchmark for restructuring excellence, recognizing the year’s leading distressed M&A transactions, restructurings, refinancings, turnarounds, and dealmakers,” said Marty Young, co-founder and CEO of Buckle. “Buckle is thrilled to be honored among a team of award-winning attorneys and professionals who achieved the unimaginable in the property and casualty insurance industry. We are also honored to be among the prestigious list of other Turnaround Award winners who are moving the industry forward.”

 

Oscar Pinkas, NY Chair of Restructuring & Member of Corporate and Finance Practices at global law firm Greenberg Traurig, LLP, led the Buckle legal effort on the acquisition of Gateway. Greenberg Traurig attorneys were Turnaround Award winners in two other categories.

 

Also named in the award as part of the Buckle team were Dentons US and the Illinois Department of Insurance.

 

Buckle announced the acquisition and recapitalization of Gateway, including its 47 state insurance licenses in 2020. Gateway was formerly an indirect subsidiary of Atlas Financial Holdings, Inc. (Atlas), providing auto insurance to the light commercial automobiles market in the U.S.

 

After acquiring and re-capitalizing Gateway, Buckle began to support Atlas’ wholly owned managing general agency (MGA), Anchor Group Management, Inc. (AGMI). In partnership with Atlas, Buckle provides comprehensive, affordable insurance to the commercial auto market, providing protection to taxicab and black car limousine drivers, many of whom drive for Lyft and Uber. Through Gateway, Buckle also writes its signature gig auto insurance product, as well as non-standard auto insurance products through other MGA partnerships.

 

The company recently closed on $60M in funding to expand its full-stack insurance platform across the U.S., which will help to further its goal of offering solutions to help bring financial security to the rising middle class and gig economy.

 

“Award winners represent the best of the distressed investing and reorganization industry over the past year,” said Roger Aguinaldo, Founder of The M&A Advisor. “We are in an environment that has seen whole industries, such as retail, restaurants, leisure and hospitality experience depression-like effects. Despite it all, these professionals have helped companies during these difficult times. We recognize these leading transactions, firms and individuals that represent the highest levels of performance.”

 

Winners were selected from hundreds of nominations by prominent experts in the M&A, finance, and turnaround community.

 

For more information on M&A Advisor’s 15th Annual Turnaround Awards, go to: https://events.maadvisor.com/DITA#/turnaroundawards.

 

About Buckle

Buckle is the inclusive digital financial services company serving the rising middle class and providers to the gig economy. Using a portfolio of technologies and data sources, Buckle provides insurance and credit products to those who earn less than the average American wage and are subsequently penalized for having poor or no credit. Connect with Buckle on Facebook, Twitter and LinkedIn. Visit www.buckleup.com.

 

All trademarks recognized.

Contacts

Tracy Wemett

BroadPR

+1-617-868-5031

tracy@broadpr.com