Organovo and Its Customers Present Data Supporting 3D Bioprinted Liver and Kidney Tissues for Drug Toxicity Testing

SAN DIEGO, March 13, 2017 (GLOBE NEWSWIRE) — Organovo Holdings, Inc. (NASDAQ:ONVO) (“Organovo”), a three-dimensional biology company focused on delivering scientific and medical breakthroughs using its 3D bioprinting technology, today announced eight presentations at the Society of Toxicology’s (“SOT”) 56th Annual Meeting and ToxExpo, March 12–16, 2017, in Baltimore.  These presentations demonstrate the broad applicability of Organovo’s ExViveTM 3D Bioprinted Human Liver and Kidney Tissues for the assessment of drug safety and the detection of multiple clinically-relevant modes of liver injury and kidney toxicity.  In addition, Organovo has been invited to speak at a scientific symposium on next-generation models for toxicology.
“We’re pleased by the strong early feedback on our newest product, the ExVive Human Kidney Tissue, and the ongoing uptake and validation of ExVive Human Liver Tissue by our customers and partners,” said Dr. Sharon Presnell, chief scientific officer, Organovo.  “The commercial launch of our kidney proximal tubule model, in addition to our recent peer-reviewed publication highlighting its potential to become a key preclinical model for in vitro kidney toxicity testing, demonstrates our commitment to delivering novel tissue models using our platform technology.  We are expanding our portfolio by adding new tissues and by validating the use of our existing tissues across a broader set of applications.  The unique ability of our human liver model to reveal mechanisms of action for drug-induced livery injury (“DILI”) and model key aspects of chronic, progressive liver diseases such as fibrosis continues to put us at the forefront of in vitro human tissue modeling.”„Our powerful and versatile technology platform delivers 3D bioprinted tissues that provide an accurate, predictive and reproducible model of human liver and kidney biology for preclinical toxicity testing,” said Paul Gallant, general manager, Organovo.  “Customer adoption of our NovoView Preclinical Safety Services for hepatoxicity testing continues to be strong, with a growing list of applications and use cases driving market adoption including investigative toxicology, evaluation of different compound modalities and fibrosis modeling for drug discovery.  The demand for our drug safety testing services has been growing since its introduction, and long-term market adoption is expected to be robust given the significant gap it closes against traditional preclinical models.  At this year’s SOT Annual Meeting, we will build on our sales momentum by continuing to show that our 3D bioprinted tissues effectively model in vivo composition and physiology.”The presented data supports the use of the ExVive Human Liver and Kidney Tissue Models in:Differentiating high-risk compounds from low-risk to evaluate the multiple pathways and mechanisms of DILI.Identifying the metabolite-driven tox mechanisms of compounds such as acetaminophen in a concentration- and dose-dependent manner, thereby modeling tissue-level clinical outcomes in vitro.Characterizing the role of Kupffer cells (KCs) in modulating the outcome of drug-induced liver fibrosis.Demonstrating sustained metabolic capacity over time in terms of metabolic enzyme expression, metabolite formation, and gene expression levels to assess slow developing DILI toxicities.Illustrating the multiple mechanisms of nephrotoxicity to evaluate the progression and subsequent recovery of tissue-level injury.Assessing the expression, polarized localization and function of renal transporters involved in drug-induced renal toxicity.In addition, the Colgate-Palmolive Award for Student Research Training in Alternative Methods, which is supported by Organovo, will be presented to a doctoral candidate to study the dose-dependent impact of an environmental toxin and the underlying mechanisms using ExVive Human Liver Tissue.The presentations are as follows:

Abeona Therapeutics to Present at Multiple Upcoming Investor Conferences

NEW YORK and CLEVELAND, March 13, 2017 (GLOBE NEWSWIRE) — Abeona Therapeutics Inc. (NASDAQ:ABEO), a leading clinical-stage biopharmaceutical company focused on developing therapies for life-threatening rare genetic diseases, today announced Chief Operating Officer, Jeffrey B. Davis, will present at the 29th Annual ROTH Conference  and the Oppenheimer 27th Annual Healthcare Conference.Event: The 29th Annual ROTH Conference
Date: Tuesday, March 14th
Time: 10:30 am PT / 1:30 pm ET
Room: Yellow – Salon 6
Location: The Ritz-Carlton, Laguna Niguel, CA
Event: The Oppenheimer 27th Annual Healthcare Conference
Date: Tuesday, March 21st  
Time: 4:30 pm ET 
Room: Track 3
Location: The Westin New York Grand Central, NY  
Webcast: https://www.veracast.com/webcasts/opco/healthcare2017/42114505926.cfm
Abeona Recent Highlights:March 8, 2017: Received Orphan Drug Designation in the EU for EB-101 in Epidermolysis BullosaFebruary 17, 2017: Provided update from ABO-102 Sanfilippo type A program (MPS IIIA) at WORLDSymposium  lysosomal storage disorders conference6 months post-injection (N=2): 63% +/- 0.5% reduction in the disease-causing sugar (heparan sulfate GAG) in the central nervous systemContinued evidence of biopotency: reduced liver and spleen volumes, decreased urinary GAGsEvidence for stabilization or improvement (average 60%) in several Mullen subdomainsAdaptive behavior ratings on the Vineland stabilizedImproved raw scores on the Leiter-R non-verbal IQ assessmentsWell-tolerated (N=4) through 650 days follow up with no Serious Adverse EventsFebruary 1, 2017: Enrolled first high-dose subject in ABO-102 ongoing Phase 1/2 trial in MPS IIIAJanuary 19, 2017: Received Orphan Drug Designation in the EU for ABO-101 in MPS IIIBJanuary 3, 2017: Received Orphan Drug Designation in the EU for ABO-201 in juvenile Batten diseaseAbout Abeona: Abeona Therapeutics Inc. is a leading clinical-stage biopharmaceutical company developing gene therapies for life-threatening rare genetic diseases. Abeona’s lead programs include ABO-102 (AAV-SGSH) and ABO-101 (AAV-NAGLU), adeno-associated virus (AAV) based gene therapies for Sanfilippo syndrome (MPS IIIA and IIIB, respectively). Abeona is also developing EB-101 (gene-corrected skin grafts) for recessive dystrophic epidermolysis bullosa (RDEB), EB-201 for epidermolysis bullosa (EB), ABO-201 (AAV-CLN3) gene therapy for juvenile Batten disease (JNCL), ABO-202 (AAV-CLN1) gene therapy for treatment of infantile Batten disease (INCL), and ABO-301 (AAV-FANCC) for Fanconi anemia (FA) disorder and ABO-302 using a novel CRISPR/Cas9-based gene editing approach to gene therapy for rare blood diseases. In addition, Abeona has a plasma-based protein therapy pipeline, including SDF Alpha™ (alpha-1 protease inhibitor) for inherited COPD, using its proprietary SDF™ (Salt Diafiltration) ethanol-free process. For more information, visit www.abeonatherapeutics.com.This press release contains certain statements that are forward-looking within the meaning of Section 27a of the Securities Act of 1933, as amended, and that involve risks and uncertainties. These statements are subject to numerous risks and uncertainties, including but not limited to continued interest in our rare disease portfolio, our ability to enroll patients in clinical trials, the impact of competition; the ability to develop our products and technologies; the ability to achieve or obtain necessary regulatory approvals; the impact of changes in the financial markets and global economic conditions; our belief that initial signals of biopotency and clinical activity, which suggest that ABO-102 successfully reached target tissues throughout the body, including the central nervous system; our belief that the data demonstrate an early and robust systemic delivery of ABO-102, and the increased reductions in CNS GAG support our approach for intravenous delivery for subjects with Sanfilippo syndromes, and other risks as may be detailed from time to time in the Company’s Annual Reports on Form 10-K and other reports filed by the Company with the Securities and Exchange Commission. The Company undertakes no obligations to make any revisions to the forward-looking statements contained in this release or to update them to reflect events or circumstances occurring after the date of this release, whether as a result of new information, future developments or otherwise.Investor Contact:
Christine Silverstein
Vice President, Investor Relations
Abeona Therapeutics Inc.
+1 (212)-786-6212
csilverstein@abeonatherapeutics.com

Frankly Appoints Tom Rogers as Chairman of the Board

SAN FRANCISCO, March 13, 2017 /PRNewswire/ — Frankly Inc. (TSX VENTURE: TLK) (Frankly), a leader in transforming local TV broadcast and media companies by enabling them to publish and monetize their digital content onto multiscreen devices, has appointed Tom Rogers as its new Chairman of the Board of Directors, effective immediately. Rogers, who has been a board member since October 2016, assumes the chairman role from Steve Chung, while Chung will continue to lead the company as the Chief Executive Officer and Executive Director. This change represents the separation of the role of Chairman and CEO, in accordance with best practices of public company corporate governance as part of its internal preparation for its NASDAQ application.

Frankly principally works with hundreds of local TV station news organizations across the country to drive more use of their local content on digital and mobile devices by upgrading the look, feel and content appeal of their news sites. „From our first meeting, Tom and I have always shared the same goal of helping traditional media companies not only broadcast their stories to an increasingly mobile and digital audience, but also promote greater consumer engagement with differentiated local content,” commented Chung. „He has been an incredible asset for us from strategy to customer acquisition even during his short tenure as our independent director, and I am ecstatic that he has agreed to take on further responsibility as our new Chairman. Tom’s enhanced role will enable us to further leverage his thought leadership and operational experience to accelerate the disruption we’ve already created in the multi-billion-dollar traditional broadcasting market.”

Rogers brings 30+ years of experience developing and transforming a wide range of companies within the media and cable industries. Formerly President and CEO of TiVo, he cemented himself as a visionary executive over the years, known widely for his strategic decision-making and industry clout. Rogers was also the President of NBC Cable, where he founded CNBC, one of the nation’s leading business news channel, and established the NBC/Microsoft cable channel and Internet joint venture, MSNBC. He is a member of the Broadcasting Hall of Fame, the Cable Hall of Fame, and has received Emmy Awards for his numerous contributions to the development of advanced television. Rogers has served as chairman or director of a number of public companies over his career. He is currently Executive Chairman of WinView, Inc., which provides a unique offering at the intersection of gaming and live TV sports.

Rogers received a B.A. in government from Wesleyan University and a J.D. from Columbia Law School.

„Prior to and since my appointment to Frankly’s Board, I have been impressed with the company’s ability to revitalize the local news industry,” added Rogers. „As national media providers increasingly struggle to grasp the pulse of their audience, local broadcasters now have more opportunities to grow and influence their communities by taking advantage of their first-rate video assets just as digital and mobile distribution of top notch video content has become more valuable than ever. Being an innovator in multi-screen content management, Frankly empowers local TV stations and other media companies to reach and grow their audiences through a great user experience, along with insights from digital data to drive further optimization of their news offerings. I’m eager to help the company build on its market share in the local media space and leverage its footprint to expand into other verticals in order to transform its role in the broader media landscape.”     

Separately, Rogers and Steve Zenz, the Chair of the Company’s Audit Committee, are each entitled to receive 7,058 Company RSUs pursuant to their Director agreements with the Company, and 1,764 of these RSUs were previously issued to each in November of 2016. Effective today, the Company has issued Rogers and Zenz the remaining 5,294 RSUs and has granted each an additional 3,529 RSUs as compensation for their services. Each RSU entitles the holder thereof to receive one Frankly common share. These RSUs are scheduled to be fully vested by the end of 2017.

About Frankly
Frankly (TSX VENTURE: TLK) builds an integrated software platform for media companies to create, distribute, analyze and monetize their content across all of their digital properties on web, mobile and TV.  Its customers include NBC, ABC, CBS and FOX affiliates, as well as other leading media organizations. Collectively, Frankly reaches nearly 60 million monthly users in the United States. The company is headquartered in San Francisco with major offices in New York. To learn more, visit www.franklyinc.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Notice Regarding Forward-Looking Statements
This release includes forward-looking statements regarding Frankly and their respective businesses.  Forward-looking events and circumstances discussed in this release, may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the parties.  No forward-looking statement can be guaranteed.  Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Frankly undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

 

SOURCE Frankly Inc.

Pacific Special Acquisition Corp.’s Merger Partner, Borqs International Holding Corp, Announces Strategic Investment from Qualcomm Ventures

NEW YORK and SHANGHAI, March 13, 2017 /PRNewswire/ — Borqs International Holding Corp („Borqs”), which on December 27, 2016 entered into a definitive merger agreement with Pacific Special Acquisition Corp. („Pacific”, NASDAQ: PAACU, PAAC, PAACR and PAACW), today announced that, as part of a preferred stock financing, it has closed an investment in Borqs led by Qualcomm Ventures, the investment arm of Qualcomm Incorporated. Borqs is a leading global provider of smart connected devices and cloud service solutions for the Internet of Things („IoT”) industry.

Borqs is a leading IoT products and solutions provider, with major R&D centers in Bangalore and Beijing. Borqs was founded in 2007 by veterans in the communication technologies industry from Canada, China, India and the United States. Borqs’ investors include Intel Capital, Norwest Venture Partners, SK Telecom China Fund, Keytone Ventures and GSR Ventures. After the Qualcomm Ventures investment, Borqs has a shareholder base that includes two of the largest chip manufacturers in the world.

„Qualcomm Ventures is already an active investor in several Indian startups. Our investments in India help fuel innovation and foster promising startups, such as Borqs, that are contributing to the mobile and Internet of Things ecosystem. This investment will fund additional engineering capabilities to invigorate advances in the development of autonomous products and a connected society. Qualcomm hopes to find future opportunities to work with Borqs to share leading-edge and innovative 4G phone design expertise with Indian and global OEMs in support of Prime Minister Narendra Modi’s vision of Design in India,” said Karthee Madasamy, Vice President and Managing Director, Qualcomm Ventures India.

Pat Chan, founder, Chairman and CEO of Borqs, said: „We are honored to have a strategic investment from Qualcomm Ventures. The India market is growing rapidly and represents a sizable revenue opportunity for Borqs’ business. We are committed to working on developing new technologies for the global market.” Hareesh Ramanna, General Manager of Connected Solutions and Managing Director of Borqs India, further commented: „Borqs has a strong R&D team in India and we have been working closely with Qualcomm in the past several years to develop products being used worldwide. Given our focus on innovation, Borqs is committed to supporting the Indian Government’s Made-In-India initiative and Qualcomm’s Designed-In-India initiative.”

Yaqi Feng, Chief Operating Officer of Pacific, remarked, „We are excited by this development at Borqs, and we expect that, as a leading IoT products and solutions provider, Borqs’ business will grow quickly in India and China, as well as in the U.S. markets. With investors such as Qualcomm Ventures and Intel Capital, we believe Borqs is well-positioned to achieve rapid growth and provide its investors with strong returns.”

Upon the closing under the merger agreement, Borqs will become the operating entity of the combined Pacific-Borqs company. It is anticipated that the shareholders of Borqs will collectively own approximately 78% of the combined company’s outstanding ordinary shares, and Pacific’s existing shareholders will retain an ownership interest of approximately 22%. It is expected that after the closing, the combined company will change its name to „Borqs Technologies, Inc.”

About Pacific

Pacific is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements, or engaging in any other similar business combination with one or more businesses or entities. Pacific’s efforts to identify a target business have not been limited to a particular industry or geographic region, although it intends to focus efforts on seeking a business combination with a company or companies that have their primary operations located in Asia, with an emphasis on China. Pacific is sponsored by Zhengqi International Holding Limited, a subsidiary of Pacific Securities Co. Ltd., a publicly traded company in China (Ticker 601099.SS). LH Group Holdings Inc., the largest shareholder of Pacific Securities Co. Ltd., invests in financial services, clean energy as well as golf course and resort businesses globally and currently has billions of U.S. dollars in assets.

About Borqs

Borqs is recognized as a global leader in smart connected devices and IoT solutions. Deloitte named Borqs as one of the fastest growing technology companies in China & Asia Pacific in 2011, 2012 and 2013. In 2013, 2014 and 2015, Borqs was named Company of the Year for Innovation & Leadership in Mobile Technology for Asia Pacific from the International Alternative Investment Review. Recently Borqs received the „50 Most Promising IoT Solution Providers 2016” recognition from CIO Review magazine.

Borqs has a proven track record in design, development and commercial shipments of various Android devices and is a Google GMS licensed partner. Qualcomm Technologies, Inc. has chosen to work with Borqs for its Android based platforms. Borqs is one of the companies that Qualcomm Technologies is working with in the wearables segment and is pursuing multiple smartwatches and connected kid watches based on Qualcomm® Snapdragon™ Wear*. Additionally, Borqs launched the FDD/TDD combined carrier aggregation high speed 4G Android phone for Reliance Jio in India.

Borqs’ broad customer base and target markets include OEMs such as Vizio and Fossil, operators like AT&T and Sprint in the U.S. and Reliance Jio in India, and IoT solution providers to restaurants and the utility, public safety and hospitality categories.

Borqs believes that its modular platform architecture and its ability to tailor Android for various vertical applications and form factors, together with its flexible BorqsWare platform, are keys to its success. Borqs has a pipeline of products ranging from tablets, phones, smartwatches, smart appliances, POS terminals and digital signage to in-vehicle infotainment (IVI), for various well known international brands.

Additional Information

The proposed merger between Borqs and Pacific will be submitted to the shareholders of Pacific for their approval. In connection with that approval, Pacific filed with the Securities and Exchange Commission (the „SEC”) a preliminary proxy statement on February 13, 2017 containing information about the proposed merger and the respective businesses of Borqs and Pacific. After the SEC completes its review of the preliminary proxy statement, Pacific intends to file with the SEC a definitive proxy statement in connection with the proposed merger and other matters and will mail a definitive proxy statement and other relevant documents to its shareholders as of the record date to be established for voting on the proposed merger.

Shareholders of Pacific and other interested persons are advised to read the preliminary proxy statement filed with the SEC and, once available, any amendments thereto and the definitive proxy statement, in connection with Pacific’s solicitation of proxies, because these documents will contain important information. Such persons can also read Pacific’s annual report on Form 10-K for the fiscal year ended June 30, 2016 for a description of the security holdings of Pacific’s officers and directors and their respective interests as security holders in the successful consummation of the proposed merger, and other information. Pacific’s definitive proxy statement will be delivered to shareholders of Pacific as of a record date to be established for voting on the proposed merger and other matters as set forth in the definitive proxy statement. Shareholders will also be able to obtain a free copy of the proxy statement, as well as other filings containing information about Pacific, without charge, at the SEC’s website (www.sec.gov) or by calling 1-800-SEC-0330. Copies of the proxy statement and other filings with the SEC can also be obtained, without charge, by directing a request to Pacific at 855 Pudong South Road, the World Plaza, 27th Floor, Pudong, Shanghai, China, 200120.

Participants in the Solicitation

Pacific and its directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies from Pacific’s shareholders in respect of the proposed merger. Information regarding Pacific’s directors and executive officers is available in its annual report on Form 10-K for the fiscal year ended June 30, 2016 and in Pacific’s preliminary proxy statement filed with the SEC on February 13, 2017. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be contained in the definitive proxy statement relating to the transaction with Borqs when it becomes available and which can be obtained free of charge from the sources indicated above.

Disclaimer

This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Pacific or Borqs, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

Forward-Looking Statements

This press release includes „forward-looking statements” that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as „expects”, „believes”, „anticipates”, „intends”, „estimates”, „seeks”, „may”, „might”, „plan”, „possible”, „should” and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect both Borqs’ and Pacific’s managements’ current beliefs. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. Such factors include, among other things: the possibility that the merger will not close or that the closing may be delayed because conditions to the closing may not be satisfied, including shareholder and other approvals; the performances of Pacific and Borqs; the ability of the combined company to meet the NASDAQ Capital Market’s listing standards; the reaction of Borqs customers to the merger; unexpected costs, liabilities or delays in the transaction; the outcome of any legal proceedings related to the transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; and general economic conditions. In addition, please refer to the Risk Factors section of Pacific’s Proxy Statement and its Forms 10-K and 10-Q for additional information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements. Except as expressly required by applicable securities law, Pacific disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

* Qualcomm and Snapdragon are trademarks of Qualcomm Incorporated, registered in the United States and other countries. Snapdragon Wear is a trademark of Qualcomm Incorporated.

SOURCE Pacific Special Acquisition Corp.

Vivint Solar Extends Aggregation Credit Facility

LEHI, Utah, March 13, 2017 /PRNewswire/ — Vivint Solar, Inc. (NYSE: VSLR), a leading full-service residential solar provider, today announced that it has extended the term of the availability period for borrowing under its aggregation credit facility by an additional three years to March 2020 and the final maturity of the facility to September 2020. Originally entered into in September 2014, this revolving credit facility has provided debt capital to Vivint Solar for new residential solar customers and projects until the company has aggregated the contractual cash flows from those systems into pools that support long term debt facilities, such as the $313 million syndicated bank term loan facility announced in August 2016 and the $203 million institutional term loan facility announced in January 2017.

The aggregation facility includes the ability to hedge interest rate risk as the company borrows against new solar systems and borrow up to an aggregate of $375 million on a revolving basis. Bank of America Merrill Lynch serves as structuring and administrative agent, ING as documentation agent and Deutsche Bank as swap coordinator under the credit facility. 

„We are pleased to be able to extend this critical borrowing facility that enhances our capital availability and security with the support of Bank of America Merrill Lynch and the rest of the lender group,” said Thomas Plagemann, chief commercial officer and head of capital markets at Vivint Solar. „Our strengthened financial position provides greater financing flexibility to meet our strategic growth objectives.”

About Vivint Solar

Vivint Solar is a leading full-service residential solar provider in the United States. With Vivint Solar, customers can power their homes with clean, renewable energy and typically achieve significant financial savings. Offering integrated residential solar solutions for the entire customer lifecycle, Vivint Solar designs, installs, monitors and services the solar energy systems for its customers. In addition to being able to purchase a solar energy system outright, customers may benefit from Vivint Solar’s affordable, flexible financing options or power purchase agreements. For more information, visit www.vivintsolar.com or follow @VivintSolar on Twitter.

Note on Forward-looking Statements

This press release contains forward-looking statements as defined within the meaning of the federal securities laws, including statements regarding the company’s capital availability and security; the company’s strengthened financial position; and the company’s ability to meet its strategic growth objectives. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements should not be read as a guarantee of future performance or results, and they will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. These statements are based on current expectations and assumptions regarding future events and business performance as of the date of this press release, and they are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements, including but not limited to the risks set forth in the registration statements and reports that Vivint Solar files with the U.S. Securities and Exchange Commission, which are available on the Investor Relations section of our website at www.vivintsolar.com. Vivint Solar does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Press Contacts

Vivint Solar
Helen Langan 
Director of Public Relations 
385-202-6577  
pr@vivintsolar.com 

Rob Kain
Vice President of Investor Relations 
801-229-6460 
rob.kain@vivintsolar.com

Agency Contact
Ashlyn Hewlett
Method Communications 
801-461-9722 
ashlyn@methodcommunications.com

 

SOURCE Vivint Solar

Enzu Chooses INAP for West Coast Colocation

ATLANTA and HENDERSON, Nev., March 13, 2017 /PRNewswire/ — Internap Corporation (NASDAQ: INAP), („INAP” or the „Company”), a provider of high-performance Internet infrastructure, Colocation, Network and Managed Services, and Cloud Services, and Enzu Inc., an Inc 500 award winner and Infrastructure-as-a-Service (IaaS) hosting provider, today announced a multi-year colocation agreement in INAP’s Los Angeles Data Center.

As Enzu’s hybrid cloud and colocation computing platform serves its clients’ mission-critical needs, Enzu commits to providing 100% uptime across its network infrastructure, with continuous availability and functioning. INAP offered a high-performance, flexible and scalable data center solution in the context of a national platform with a strong track record of reliability and access to leading enterprises, cloud providers and internet peering exchanges.

„To properly support our customers’ growth, it was critical that we find a facility in the right location with the correct architecture, capacity and scalability for rapid, high density, high bandwidth deployments, and INAP’s purpose-built data center fit the bill,” stated Steve Empie, chief executive officer of Enzu. „The facility’s design allows us to step in and deploy a wide variety of customers at the required 4-10Kw level without having to make modifications. INAP offers us access to dark fiber, allowing a multi-terabit DWDM solution, while maintaining not just the redundancy of being outside LA’s power grid but a very strongly built environment that can sustain power in an outage, which has frequently happened in this geography. INAP is the right partner to serve our customers’ needs, and we look forward to a quick implementation.”

„INAP is pleased to welcome Enzu as a customer in our data center,” said Mike Higgins, SVP sales and customer service – colocation business unit. „Companies in the rapidly growing cloud vertical recognize INAP data centers are a good fit for their infrastructure needs due to our patented, route-optimized connectivity to the cloud exchanges, high power density and agility to rapidly stand up footprint which enables them to hyper-scale their cloud infrastructure as they grow.”

INAP’s Data Center services feature concurrently maintainable design to eliminate single points of failure and ensure reliability, as well as on-site data center engineers, advanced security features and remote management self-service tools. Backed by a 100% uptime guarantee, INAP’s global Performance IP connectivity service with patented Managed Internet Route Optimizer Supporting resources:

About Enzu
Enzu Inc., a leading Global provider of Hybrid Colocation and Infrastructure-as-a-Service (IaaS), offers customers access to scalable solutions allowing customers to migrate their current workloads to environments ranging from private clouds to hybrid colocation environment. Enzu provides these services across 4 continents. For more information, please visit www.enzu.com.

About Internap Corporation
Internap Corporation (NASDAQ: INAP) is a leading technology provider of Internet infrastructure through both Colocation Business and Enterprise Services (including network connectivity, IP, bandwidth, and Managed Hosting), and Cloud Services (including enterprise-grade AgileCLOUD 2.0, Bare-Metal Servers, and SMB iWeb platforms). INAP’s global high-capacity network connects 15 company-controlled Tier 3-type data centers in major markets in North America, 34 wholesale partnered facilities, and points of presence in 26 central business districts around the world. INAP continues to transform since its inception in 1996, meeting customer demand for custom solutions and high-touch state-of-the-art colocation and cloud products and services. INAP now operates a premium business model that also provides high-power density colocation, low-latency bandwidth, and public and private cloud platforms in an expanding internet infrastructure industry. For more information, visit www.inap.com.

Enzu Contact
Mark D. Jiannino
562 896 9373
mark.jiannino@enzu.com

INAP Investor Contacts
Richard Ramlall
404-302-9982
ir@inap.com

Carolyn Capaccio/Jody Burfening
LHA
212-838-3777
inap@lhai.com  

 

SOURCE Internap Corporation; Enzu Inc.

/R E P E A T — Alimentation Couche-Tard will release its third quarter results for 2017 on March 14th, 2017/

LAVAL, QC, Feb. 23, 2017 /PRNewswire/ – Alimentation Couche-Tard Inc. („Couche-Tard”) (TSX: ATD.A ATD.B), will be holding a conference call on March 14th, 2017, at 2:30pm (EST) to present its third quarter financial results for 2017. As such, Brian Hannasch, President and CEO, as well as Claude Tessier, Chief Financial Officer, will be the speakers and will answer the analysts’ questions. Therefore, Couche-Tard invites analysts known to the Corporation to submit their two questions to its management before 11:00 AM (EST) on March 14th, 2017. The results will be released on March 14th prior to the opening of the TSX.

Financial analysts, investors, medias and any individuals interested in listening to the webcast on Couche-Tard’s results which will take place online on March 14th, 2017, at 2:30 P.M. (EST) can do so by either accessing the Corporation’s website at http://corpo.couche‑tard.com by clicking in the „Investor Relations/Corporate presentations” section or by dialing 1-866-865-3087 or the international number 1-647-427-7450, followed by the access code 76548088#.

Rebroadcast: For individuals who will not be able to listen to the live webcast, a recording of the webcast will be available on the Corporation’s website for a period of 90 days.

About Alimentation Couche-Tard Inc.

Couche-Tard is the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of number of company-operated stores. In Europe, Couche-Tard is a leader in convenience store and road transportation fuel retail in the Scandinavian countries (Norway, Sweden and Denmark), in the Baltic States (Estonia, Latvia and Lithuania) and in Ireland with an important presence in Poland.

In addition, under licensing agreements, more than 1,500 stores are operated under the Circle K banner in 13 other countries and territories worldwide (China, Costa Rica, Egypt, Guam, Honduras, Hong Kong, Indonesia, Macau, Malaysia, Mexico, the Philippines, the United Arab Emirates and Vietnam), which brings the total network to close to 12,300 stores.

For more information on Alimentation Couche-Tard Inc., please visit: http://corpo.couche-tard.com.

Forward-Looking Statements

The statements set forth in this press release, which describe Couche-Tards objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of securities legislation. Positive or negative verbs such as „will”, „plan”, „evaluate”, „estimate”, „believe”, „expect” and other related expressions are used to identify such statements. Couche-Tard would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements, or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Couche-Tards actual results and the projections or expectations set forth in the forward-looking statements include the effects of the integration of acquired businesses and the ability to achieve projected synergies, fluctuations in margins on motor fuel sales, competition in the convenience store and retail motor fuel industries, exchange rate variations, and such other risks as described in detail from time to time in documents filed by Couche-Tard with securities regulatory authorities in Canada. Unless otherwise required by applicable securities laws, Couche-Tard disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking information in this press release is based on information available as of the date of the release.

SOURCE Alimentation Couche-Tard Inc.

Micronet Enertec Receives $350,000 Order for An Unmanned Aerial Vehicle Diagnosis and Simulation System

MONTVALE, N.J., March 13, 2017 /PRNewswire/ — Micronet Enertec Technologies, Inc. (NASDAQCM: MICT), announced today that its wholly-owned subsidiary, Enertec Systems 2001 Ltd. (Enertec), was recently awarded a purchase order from a large private aerospace & defense contractor totaling approximately $350,000. The contract is a continuous order for the development of a rugged diagnosis and simulation system for unmanned aerial vehicles (UAVs).

„This important order clearly demonstrates the strong position we have gained with our customers and we expect additional orders for this multi disciplinarily rugged diagnosis and simulation system, as Enertec’s tailor-made systems have become the ‚system of choice’ for large aerospace & defense contractors in,” stated Enertec Chief Executive Officer Zvi Avni of Enertec.

About Micronet Enertec Technologies, Inc.

Micronet Enertec Technologies, Inc. (NASDAQCM: MICT) provides high tech solutions for severe environments and the battlefield, including missile defense technologies for Aerospace & Defense and rugged mobile devices for the growing commercial Mobile Resource Management (MRM) market. MICT designs, develops, manufactures and supplies customized military computer-based systems, simulators, automatic test equipment and electronic instruments, addressing the defense industry. Solutions and systems are integrated into critical systems such as command and control, missile fire control, maintenance of military aircraft and missiles for the Israeli Air Force, Israeli Navy and by foreign defense entities.  MICT’s MRM division develops, manufactures and provides mobile computing platforms for the mobile logistics management market in the U.S., Europe and Israel. American-manufactured systems are designed for outdoor and challenging work environments in trucking, distribution, logistics, public safety and construction

Forward-looking Statements

This press release contains express or implied forward-looking statements within the Private Securities Litigation Reform Act of 1995 and other U.S. Federal securities laws. These forward-looking statements include, but are not limited to, those statements regarding Enertec’s diagnosis and simulation system continues demand and for Enertec’s future and our anticipation of additional orders of our products and solutions. Such forward-looking statements and their implications involve known and unknown risks, uncertainties and other factors that may cause actual results or performance to differ materially from those projected. The forward-looking statements contained in this press release are subject to other risks and uncertainties, including those discussed in the „Risk Factors” section and elsewhere in the Company’s annual report on Form 10-K for the year ended December 31, 2015 and in subsequent filings with the Securities and Exchange Commission. Except as otherwise required by law, the Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

 

SOURCE Micronet Enertec Technologies, Inc.

Timken Selected for the Seventh Time as One of the World’s Most Ethical Companies

NORTH CANTON, Ohio, March 13, 2017 /PRNewswire/ — The Timken Company (NYSE: TKR; www.timken.com), a global leader in bearings and mechanical power transmission products, has once again been recognized by the Ethisphere Institute as one of the world’s most ethical companies.

„Throughout our company’s 117-year history, doing the right thing and treating others with honesty and respect have been at the center of everything we do,” said Richard G. Kyle, Timken president and CEO. „Timken associates are known worldwide for standing by their word and making things right.”

Timken is one of 131 organizations selected as a 2017 World’s Most Ethical Company®. The company has been recognized each year for the last seven and is one of only five companies in the Industrial Manufacturing category to receive this designation, underscoring Timken’s commitment to leading ethical business standards and practices.

Scores are generated in five key categories: ethics and compliance program (35%); corporate citizenship and responsibility (20%); culture of ethics (20%); governance (15%) and leadership; and innovation and reputation (10%).

„Over the last 11 years, we have seen the shift in societal expectations, constant redefinition of laws and regulations and the geo-political climate,” explained Ethisphere’s Chief Executive Officer, Timothy Erblich. „We have also seen how companies honored as the World’s Most Ethical respond to these challenges. They invest in their local communities around the world, embrace strategies of diversity and inclusion, and focus on long term-ism as a sustainable business advantage. Congratulations to everyone at The Timken Company for being recognized as a World’s Most Ethical Company.”

About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with the publication of Ethisphere Magazine. More information about Ethisphere can be found at: http://ethisphere.com.

About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) engineers, manufactures and markets bearings, gear drives, belts, chain, couplings, and related products, and offers a spectrum of powertrain rebuild and repair services. The leading authority on tapered roller bearings, Timken today applies its deep knowledge of metallurgy, tribology and mechanical power transmission across a variety of bearings and related systems to improve reliability and efficiency of machinery and equipment all around the world. The company’s growing product and services portfolio features many strong industrial brands including Timken®,  Fafnir®, Philadelphia Gear®, Drives®, Lovejoy® and Interlube™. Known for its quality products and collaborative technical sales model, Timken posted $2.7 billion in sales in 2016. With more than 14,000 employees operating from 28 countries, Timken makes the world more productive and keeps industry in motion.

 

SOURCE The Timken Company

Kennametal Honored As One Of The World’s Most Ethical Companies By The Ethisphere Institute For Sixth Consecutive Year

PITTSBURGH, March 13, 2017 /PRNewswire/ — Kennametal Inc. (NYSE: KMT) today announced that it has been recognized as one of 2017’s World’s Most Ethical Companies by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.

This marks the sixth consecutive year that Kennametal has received the World’s Most Ethical Companies distinction, which honors companies who consider the impact of their actions on their employees, investors, customers and other key stakeholders and use their values and culture as an underpinning to the decisions they make every day.

„Regardless of roles, responsibilities or location, Kennametal team members are united by their strong passion to conduct business with the highest ethical standards each day,” said President and CEO Ron De Feo. „We are proud to be regarded among the world’s most ethical companies for six consecutive years, and will continue to work diligently to conduct business with the utmost integrity.”

In addition to the company’s extensive ethics training program, Kennametal’s executive team led by De Feo hosts Business Practice Summits in the Americas, EMEA and Asia Pacific regions to reinforce business standards and expectations across the organization and at all levels.

„Over the last eleven years we have seen the shift in societal expectations, constant redefinition of laws and regulations and the geo-political climate. We have also seen how companies honored as the World’s Most Ethical respond to these challenges. They invest in their local communities around the world, embrace strategies of diversity and inclusion, and focus on long term-ism as a sustainable business advantage,” explained Ethisphere’s Chief Executive Officer, Timothy Erblich. „Congratulations to everyone at Kennametal for being recognized as a World’s Most Ethical Company.”

Kennametal is the only company in the machine tools and accessories industry to be honored this year, underscoring their commitment to leading ethical business standards and practices. Company representatives will accept the 2017 World’s Most Ethical Companies award at Ethisphere’s Annual Gala Dinner on March 14 in New York City.

At the forefront of advanced materials innovation for more than 75 years, Kennametal Inc. is a global industrial technology leader delivering productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 11,000 employees are helping customers in more than 60 countries stay competitive. Kennametal generated nearly $2.1 billion in revenues in fiscal 2016. Learn more at www.kennametal.com

SOURCE Kennametal Inc.