GlobeNewswire – Global Business Magazine https://thegbm.com Business news, opinion, reviews, interviews Wed, 08 May 2024 08:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://thegbm.com/wp-content/uploads/2021/07/Bizmag-logo.png GlobeNewswire – Global Business Magazine https://thegbm.com 32 32 195744517 OKX Ventures Leads US$1.5 Million Seed Funding Round for BlockBooster https://thegbm.com/okx-ventures-leads-us1-5-million-seed-funding-round-for-blockbooster/ https://thegbm.com/okx-ventures-leads-us1-5-million-seed-funding-round-for-blockbooster/#respond Wed, 08 May 2024 08:00:00 +0000 https://thegbm.com/okx-ventures-leads-us1-5-million-seed-funding-round-for-blockbooster SINGAPORE, May 08, 2024 (GLOBE NEWSWIRE) — OKX Ventures, the investment arm of the leading cryptocurrency exchange and Web3 technology company OKX, has led a US$1.5 million seed funding round for BlockBooster, an Asia-centered venture studio. The funding round also saw participation from Conflux Network, Neighbor Capital Series, IceRiver Venture, and Bitcoin Lab, among others.

With a focus on the infrastructure, social and gaming sectors within Web3, BlockBooster’s incubation model offers all-rounded support to high-quality projects, significantly enhancing their success rates and reducing development cycles. By collaborating with top-notch partners, BlockBooster provides extensive, long-term support to select promising project teams on many different aspects, such as product design, go-to-market strategy, business development, talent recruitment, early-stage investment, as well as compliance and risk management.

With this strategic investment, OKX Ventures aims to further enhance its access to investment opportunities of early-stage, quality projects and Web3 talent. OKX Ventures also seeks to foster collaboration between BlockBooster, its supported projects, and the OKX ecosystem.

BlockBooster plays an active role in events organized for Web3 builders. Notable events include “BlockBooster Web3.0 Hackathon @HKU” in April 2023, co-hosted with OKX and Gitcoin; and “Schelling Point .edu Singapore” in September 2023, in collaboration with OKX Ventures, Gitcoin and CollegeDAO.

Partner of OKX Ventures Jeff Ren commented: “BlockBooster is an emerging Web3 venture studio with a strong presence in Asia, supported by a community of exceptional Web3 entrepreneurs and builders. We are delighted to back BlockBooster’s expansion and look forward to working with their team. Together, we aim to identify and foster high-quality Web3 initiatives to spur industry growth.”

Founder of BlockBooster Samuel Gu, said: “We’re honored by the recognition and support from OKX Ventures, which is known as the investment arm of one of the largest Web3 ecosystems. OKX Ventures has continually shown its commitment to supporting Web3 entrepreneurs and builders. Driven by our shared vision, this collaboration will bring enhanced support for the community, fostering innovations that shape the future of Web3.”

About OKX Ventures

OKX Ventures is the investment arm of the second-largest crypto exchange by trading volume and Web3 technology company OKX, focusing on exploring the best blockchain projects on a global scale and supporting cutting-edge blockchain technology innovation.

Find out more about OKX Ventures here.

For further information, please contact:
Media@okx.com

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Sports.com, Inc. Expands Live Sports Broadcasting to KSA and UAE With Upcoming EFC Events https://thegbm.com/sports-com-inc-expands-live-sports-broadcasting-to-ksa-and-uae-with-upcoming-efc-events/ https://thegbm.com/sports-com-inc-expands-live-sports-broadcasting-to-ksa-and-uae-with-upcoming-efc-events/#respond Wed, 08 May 2024 08:00:00 +0000 https://thegbm.com/sports-com-inc-expands-live-sports-broadcasting-to-ksa-and-uae-with-upcoming-efc-events LONDON, May 08, 2024 (GLOBE NEWSWIRE) — Sports.com, Inc., (“Sports.com” or “the Company”) a subsidiary of Lottery.com Inc. (NASDAQ: LTRY, LTRYW), announces the latest expansion of its content portfolio, by securing the rights to broadcast the next three Extreme Fighting Championship (“EFC”) events in the Kingdom of Saudi Arabia (“KSA”) and the United Arab Emirates (“UAE”). This new agreement includes the live broadcasting rights for EFC 113 on May 9, EFC 114 on June 6, and EFC 115 on July 11, 2024.

Following successful collaborations and live streaming of major sports events, including the widely acclaimed boxing bout between Frazier Clarke and Fabio Wardley, Sports.com continues to enhance its international sports coverage. These events will be broadcast live on the Sports.com platform, allowing fans in KSA and UAE to experience the excitement of EFC directly from their devices.

The first bouts to be streamed on May 9 include the much-anticipated clashes between Zaakir Badat and Jailson Sousa, as well as J Faeez Jacobs vs. Sylvester Chipfumbu II from Sandton, South Africa.

Matthew McGahan, Chairman and CEO of Sports.com, commented:

“Our ongoing efforts to broaden access to premium sports events have now brought us into the world of mixed martial arts with EFC. This collaboration allows us to cater to the passionate fan base in the Middle East and expand our footprint in other high-demand markets.”

This partnership aligns with Sports.com’s mission to provide unparalleled sports entertainment and connect fans, athletes, and sports influencers in a unique digital ecosystem. The upcoming EFC events will be a significant addition to the diverse and engaging content available on the Sports.com platform, reaffirming the company’s position as a leader in the digital sports arena.

For further details on the events and viewing options, fans are encouraged to visit the Sports.com website or download the Sports.com app, available in all major app stores, which features live streaming, interactive player engagement, and a social media ecosystem tailored for sports enthusiasts.

For more information please contact: press@lottery.com

About Sports.com

Sports.com’s mission is to become the premier destination for sports entertainment, offering an unparalleled array of interactive and engaging sports content. Our platform is designed to connect fans, athletes, and sports influencers in a unique digital ecosystem, making Sports.com the go-to destination for sports enthusiasts across the globe.

Important Notice Regarding Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of present or historical fact included in this press release, regarding the company’s future financial performance, as well as the company’s strategy, future operations, revenue guidance, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Lottery.com disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Lottery.com cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Lottery.com. In addition, Lottery.com cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) the outcome of any legal proceedings that may be instituted against Lottery.com; (ii) the Company’s ability to maintain effective internal controls over financial reporting, including the remediation of identified material weaknesses in internal control over financial reporting relating to segregation of duties with respect to, and access controls to, its financial record keeping system, and its accounting staffing levels; (iii) the effects of competition on Lottery.com’s future business; (iv) risks related to its dependence on its intellectual property and the risk that technology could have undetected defects or errors; (v) changes in applicable laws or regulations; (vi) risks related to the COVID-19 pandemic or other pandemic and their effect directly on Lottery.com and the economy generally; (vii) risks relating to privacy and data protection laws, privacy or data breaches, or the loss of data; (viii) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (ix) the ability of Lottery.com to achieve its strategic and growth objectives as stated or at all; and (x) those factors discussed in the proxy statement/prospectus filed by Lottery.com, Inc. with the U.S. Securities and Exchange Commission (“SEC”) under the heading “Risk Factors” and the other documents filed.

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Brookfield Reinsurance Announces Credit Rating Upgrade of American Equity Investment Life Insurance Company to A https://thegbm.com/brookfield-reinsurance-announces-credit-rating-upgrade-of-american-equity-investment-life-insurance-company-to-a/ https://thegbm.com/brookfield-reinsurance-announces-credit-rating-upgrade-of-american-equity-investment-life-insurance-company-to-a/#respond Tue, 07 May 2024 18:35:00 +0000 https://thegbm.com/brookfield-reinsurance-announces-credit-rating-upgrade-of-american-equity-investment-life-insurance-company-to-a BROOKFIELD, NEWS, May 07, 2024 (GLOBE NEWSWIRE) — Brookfield Reinsurance (NYSE, TSX: BNRE, BNRE.A) today announced that its wholly-owned operating subsidiary American Equity Investment Life Insurance Company (“AEL”) has received an upgrade to its Insurer Financial Strength (“IFS”) rating from S&P Global Ratings (“S&P”) to “A” from “A-”. The upgrade reflects AEL being core to the overall Brookfield Reinsurance group and benefitting from the strong capital position and earnings profile of Brookfield Reinsurance.

American National Insurance Company’s “A” IFS rating has been reaffirmed, with credit watch removed following the completion of Brookfield Reinsurance’s acquisition of American Equity Investment Life Holding Company (“AEILHC”).

As a result, the existing senior bonds of AEILHC will receive a rating increase to “BBB” from “BBB-”, and the outstanding preferred shares of AEILHC will receive a rating increase to “BB+” from “BB” from S&P. The rating for American National Group LLC’s existing senior bonds has been reaffirmed at “BBB”, with credit watch removed.

Additionally, Fitch Ratings (“Fitch”) has upgraded AEILHC’s existing senior unsecured notes to “BBB” from “BBB-”, and its preferred shares to “BB+” from “BB”.

About Brookfield Reinsurance

Brookfield Reinsurance Ltd. (NYSE; TSX: BNRE, BNRE.A) operates a leading capital solutions business providing insurance and reinsurance services to individuals and institutions. Each class A exchangeable limited voting share and each class A-1 exchangeable non-voting share of Brookfield Reinsurance are exchangeable on a one-for-one basis with a class A limited voting share of Brookfield Corporation. (NYSE/TSX: BN).

For more information, please visit our website at bnre.brookfield.com.

Media:
Kerrie McHugh
Tel: (212) 618-3469
Email: kerrie.mchugh@brookfield.com
  Investor Relations:
Rachel Powell
Tel: (416) 956-5141
Email: rachel.powell@brookfield.com

Forward Looking Statements

This news release and any related oral statements made by our representatives may contain “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, and “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, include statements which reflect management’s expectations regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of Brookfield Reinsurance, AEL and Brookfield Reinsurance’s other subsidiaries, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods. In particular, statements regarding the merger and redomestication of AEILHC and American National Group, LLC, and its anticipated impact on ratings, constitute forward looking statements.. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as “expects,” “anticipates,” “plans,” “believes,” “estimates,” “seeks,” “intends,” “targets,” “projects,” “forecasts” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may,” “will,” “should,” “would” and “could.” In particular, the forward-looking statements contained in this news release include statements referring to the future state of the economy or the securities market and expected future deployment of capital and financial earnings.

Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of Brookfield Reinsurance or AEL to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.

Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release. Except as required by law, Brookfield undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.

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Introducing the Alonderay Johnson Scholarship for Single Mothers: Honoring Resilience and Service in Higher Education https://thegbm.com/introducing-the-alonderay-johnson-scholarship-for-single-mothers-honoring-resilience-and-service-in-higher-education/ https://thegbm.com/introducing-the-alonderay-johnson-scholarship-for-single-mothers-honoring-resilience-and-service-in-higher-education/#respond Tue, 07 May 2024 18:33:00 +0000 https://thegbm.com/introducing-the-alonderay-johnson-scholarship-for-single-mothers-honoring-resilience-and-service-in-higher-education WEST PALM BEACH, Fla., May 07, 2024 (GLOBE NEWSWIRE) — The Alonderay Johnson Scholarship for Single Mothers is proud to announce its inaugural scholarship program, offering a one-time award of $1,000 to support single mothers pursuing higher education across the United States. Established in honor of the remarkable journey of Alonderay Johnson, this scholarship celebrates resilience, determination, and a commitment to service.

Named after Alonderay Johnson, a beacon of strength and inspiration, this scholarship seeks to recognize the extraordinary challenges faced by single mothers as they balance the responsibilities of parenthood with academic pursuits. Through financial assistance and encouragement, the scholarship aims to empower these women to achieve their educational and career goals.

“At the Alonderay Johnson Scholarship for Single Mothers, we are dedicated to honoring Alonderay Johnson’s legacy by providing support to single mothers who are navigating the challenges of pursuing higher education while raising a family,” says Alonderay Johnson, founder of the scholarship. “Through our program, we aim to make a positive impact in the lives of these extraordinary women and help them build a brighter future for themselves and their families.”

To be eligible for the Alonderay Johnson Scholarship for Single Mothers, applicants must meet the following criteria:

  1. Status: Must be a single mother currently enrolled as an undergraduate student at an accredited institution in the United States.
  2. Academic Standing: Must maintain a minimum GPA of 2.5 on a 4.0 scale or equivalent.
  3. Essay Requirement: Submit a 500-800 word essay addressing the following prompt: “Reflect on a significant challenge you’ve overcome as a single mother pursuing higher education. How has this experience shaped your academic and personal journey, and how do you envision using your education to create a positive impact in your community?”
  4. Submission: Applications must be submitted via email to apply@alonderayjohnsonscholarship.com by the specified deadline.
  5. Deadline: All application materials must be received by February 15, 2025, to be considered for the scholarship.
  6. Selection Process: Recipients will be selected based on the strength of their essay, demonstrated resilience, academic achievements, and potential for future success.
  7. Notification: Scholarship recipients will be notified via email by March 15, 2025.
  8. Usage: The $1,000 scholarship award may be used to cover tuition, books, fees, or other educational expenses.
  9. Agreement: By submitting an application, applicants agree to allow the Alonderay Johnson Scholarship for Single Mothers to use their essay and name for promotional purposes.

The Alonderay Johnson Scholarship for Single Mothers invites single mothers from all backgrounds to join us in celebrating resilience and determination. Together, we can make a difference in the lives of these extraordinary women and help them build a brighter future for themselves and their families.

[About]

Welcome to the Alonderay Johnson Scholarship for Single Mothers, where we honor the remarkable journey of Alonderay Johnson and extend a helping hand to single mothers pursuing their educational aspirations. Our scholarship celebrates the resilience, determination, and unwavering commitment to service exemplified by Alonderay Johnson, a woman whose life serves as an inspiration to us all.

Alonderay’s story is one of overcoming obstacles with grace and determination. Raised in Brooklyn, New York, her upbringing instilled in her a deep sense of community and a drive to excel. Her military service further shaped her character, instilling values of discipline, dedication, and teamwork.

Transitioning to civilian life, Alonderay embraced roles as a devoted mother, wife, and ordained minister, all while excelling in real estate and entrepreneurship. Her passion for empowering others led her to become a spiritual life coach and philanthropist, using her success and influence to make a positive impact in the world.

The Alonderay Johnson Scholarship for Single Mothers is our way of honoring Alonderay’s legacy and providing support to single mothers who, like her, are navigating the challenges of pursuing higher education while raising a family. Through our scholarship program, we aim to provide financial assistance and encouragement to single mothers, empowering them to achieve their educational and career goals.

Join us in celebrating the resilience and determination of single mothers everywhere. Together, we can make a difference in the lives of these extraordinary women and help them build a brighter future for themselves and their families.

Contact Info:

Spokesperson: Alonderay Johnson

Organization: Alonderay Johnson Scholarship

Website: http://alonderayjohnsonscholarship.com

Email: apply@alonderayjohnsonscholarship.com

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Coloplast A/S – Announcement no. 02/2024 – Interim Financial Report, H1 2023/24 https://thegbm.com/coloplast-a-s-announcement-no-02-2024-interim-financial-report-h1-2023-24/ https://thegbm.com/coloplast-a-s-announcement-no-02-2024-interim-financial-report-h1-2023-24/#respond Tue, 07 May 2024 05:00:00 +0000 https://thegbm.com/coloplast-a-s-announcement-no-02-2024-interim-financial-report-h1-2023-24 H1 2023/24
Interim financial results, H1 2023/24
1 October 2023 – 31 March 2024

Coloplast delivered a solid Q2 with 8% organic growth and an EBIT margin1) of 27%. Reported revenue in DKK grew 9% with 4%-points contribution from Kerecis (underlying growth of around 35%), partly offset by currencies.

  • Organic growth rates by business area: Ostomy Care 7%, Continence Care 8%, Voice and Respiratory Care 13%, Advanced Wound Care 8% (Advanced Wound Dressings 8%) and Interventional Urology 5%.
  • Continued good momentum in Chronic Care. Ostomy Care growth was driven by broad-based contribution from Emerging markets and Europe, compensating for lower growth in the US which was held back by order phasing and now expected to be H2 weighted. Continence Care growth was driven by intermittent catheters, including good contribution from LujaTM.  
  • Voice and Respiratory Care had a strong Q2, driven by double-digit growth in both laryngectomy and tracheostomy.
  • Growth in Advanced Wound Dressings was broad-based across regions, driven by the Biatain® Silicone portfolio.
  • Continued strong momentum and market share gains for Kerecis. Underlying growth in the quarter was around 35%, in line with plan. The EBIT margin excl. PPA amortisation was around 10%.
  • Interventional Urology growth was driven by Men’s Health and Endourology, while Women’s Health detracted from growth.
  • EBIT1 was DKK 1,791 million, a 7% increase from last year. The EBIT margin1,2 was 27% against 28% last year, and includes around 100 basis points negative impact from Kerecis, as expected, and negative impact from currencies.
  • Coloplast is expanding its Luja™ portfolio with the launch of Luja for women* as of May 2024. Heylo™*, a digital leakage notification system, has been granted national reimbursement in the UK as of 1 July 2024. Coloplast is also significantly expanding its SenSura Mio ostomy range with SenSura Mio in black* and a broader convexity offering*, as of May 2024.
  • LCD** draft policy for skin substitutes announced on 25 April, related to ~20% of Kerecis revenue. Kerecis is considered to not meet a clinical qualification introduced in the draft policy and is therefore not included on the covered list. A 2023 clinical study by Lantis et al. providing relevant, high-quality evidence of the efficacy and performance of Kerecis’ fish skin will be submitted in the consultation period, ending on 8 June. The financial assumptions on Kerecis are unchanged.

H1 2023/24 organic growth of 8% and an EBIT margin1) of 27%. Reported revenue in DKK grew 8% to DKK 13,192 million.

  • Organic growth rates by business area: Ostomy Care 7%, Continence Care 8%, Voice and Respiratory Care 10%, Advanced Wound Care 8% (Advanced Wound Dressings 8%) and Interventional Urology 5%. Kerecis contributed to reported growth with 4%-points and underlying growth of around 35%, in line with expectations.  
  • EBIT1 was DKK 3,613 million, a 5% increase from last year. The EBIT margin1,2 was 27% against 28% last year, and includes around 100 basis points negative impact from Kerecis, in line with expectations, and negative impact from currencies.  
  • ROIC after tax before special items was 15% against 19% last year, negatively impacted by the acquisition of Kerecis.
  • Free cash flow was an outflow of DKK 1.3 billion, impacted by income tax paid due to extraordinary tax payment related to Atos Medical’s Intellectual Property transfer. Adjusted for the tax payment, free cash flow was an inflow of DKK 1.2 billion.
  • The company will pay half-year interim dividend of DKK 5.00 per share, for a total dividend pay-out of DKK 1,125 million.

FY 2023/24 organic growth and reported EBIT margin guidance unchanged. Reported revenue growth adjusted to 10-11%.

  • The organic revenue growth is still expected to be around 8%. Reported growth in DKK is now expected to be 10-11%, from previously around 11%, and includes negative impact of 1-2%-points from currencies, from previously around 1%-point. Contribution from the acquisition of Kerecis to reported growth is still expected to be around 4%-points (11 months).
  • The reported EBIT margin before special items1 is still expected to be 27-28%. The EBIT margin includes around 100 basis points dilution from Kerecis (incl. around DKK 100 million in PPA amortisation) and negative impact from currencies.
  • Capital expenditures are still expected around DKK 1.4 billion. The effective tax rate is still expected to be around 22%.

“We deliver a solid second quarter with 8% organic growth and an EBIT margin of 27%, which is in line with our financial guidance. I would like to highlight a strong Q2 performance in our Chronic Care and Advanced Wound Care businesses as well as solid contributions from our newest members of the Coloplast family, Atos Medical and Kerecis, both of which deliver double-digit growth in Q2. In Continence Care, our new intermittent catheter for men, Luja™, is contributing well to growth, and we are now expanding our platform with the launch of Luja™ for women. In Ostomy Care, we have now received reimbursement in the UK on Heylo™, the world’s first digital leakage notification system. We are also strengthening our SenSura® Mio portfolio in Ostomy Care with two new launches. I believe these launches will help drive our future growth and make a real difference to people living with intimate chronic conditions worldwide.” says Kristian Villumsen, President and CEO of Coloplast.

1) before special items of DKK 19 million in Q2 2023/24 and DKK 34 million in H1 2023/24. Total FY 2023/24 special items are still expected to be around DKK 50 million related to Atos Medical integration cost.
2) before special items of DKK 20 million in Q2 2022/23 and DKK 33 million in H1 2022/23.

*CE-marked medical device. Product availability is subject to regulatory process of individual countries and is not guaranteed. Currently not available in the US. **Local Coverage Determination

Conference call

Coloplast will host a conference call on Tuesday, 7 May 2024 at 9.00 CEST. The call is expected to last about one hour.
To actively participate in the Q&A session please sign up ahead of the conference call on the link here to receive an e-mail with dial-in details: Register here
Access the conference call webcast directly here: Coloplast H1 2023/24 conference call

 

For further information, please contact

Investors and analysts
Anders Lonning-Skovgaard
Executive Vice President, CFO
Tel. +45 4911 1111

Aleksandra Dimovska
Senior Director, Investor Relations
Tel. +45 4911 1800 / +45 4911 2458
Email: dkadim@coloplast.com

Kristine Husted Munk
Senior Manager, Investor Relations
Tel. +45 4911 1800 / +45 4911 3266
Email: dkkhu@coloplast.com

Press and media
Peter Mønster
Sr. Media Relations Manager
Tel. +45 4911 2623
Email: dkpete@coloplast.com

Address
Coloplast A/S
Holtedam 1
DK-3050 Humlebaek
Denmark
Company reg. (CVR) no. 69749917

Website
www.coloplast.com

 

This announcement is available in a Danish and an English-language version. In the event of discrepancies, the English version shall prevail.

Coloplast was founded on passion, ambition, and commitment. We were born from a nurse’s wish to help her sister and the skills of an engineer. Guided by empathy, our mission is to make life easier for people with intimate healthcare needs. Over decades, we have helped millions of people to live a more independent life and we continue to do so through innovative products and services. Globally, our business areas include Ostomy Care, Continence Care, Advanced Wound Care, Interventional Urology and Voice and Respiratory Care.

The Coloplast logo is a registered trademark of Coloplast A/S. © 2024-05.

All rights reserved Coloplast A/S, 3050 Humlebaek, Denmark.

 

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TGS Launches Multi-Client Wind and Metocean Measurement Campaign Offshore Germany https://thegbm.com/tgs-launches-multi-client-wind-and-metocean-measurement-campaign-offshore-germany/ https://thegbm.com/tgs-launches-multi-client-wind-and-metocean-measurement-campaign-offshore-germany/#respond Tue, 07 May 2024 05:00:00 +0000 https://thegbm.com/tgs-launches-multi-client-wind-and-metocean-measurement-campaign-offshore-germany

Photo Credit: Green Rebel; Deployment

Photo Credit: Green Rebel; Deployment
Photo Credit: Green Rebel; Deployment

OSLO, Norway (07 May 2024) – TGS, a global provider of energy data and intelligence, has today announced the commencement of its latest multi-client wind measurement campaign using two LiDAR buoys offshore Germany in the North Sea.

The buoys are equipped with a multitude of sensors, allowing detailed measurements of wind, metocean and environmental data. The collected data is streamed to shore and used to enhance decision-making to support several current and future wind lease rounds in the German Bight.

The TGS multi-client approach, where multiple customers can subscribe to the same floating LiDAR data, significantly advantages offshore wind developers by reducing development costs and timelines and providing a unique, early opportunity to minimize uncertainty in future energy generation. Similar programs have already been deployed across the East Coast of America, where five buoys are currently collecting data, and offshore Norway, where data availability has averaged 96% at 160 m measurement height throughout the deployment.

Kristian Johansen, CEO of TGS, commented: “TGS is committed to supporting the growth of global offshore wind energy with data and insights. Early access to essential wind and metocean data significantly mitigates investment risks, empowers informed decisions, and ensures smooth project implementation across the wind development lifecycle. With this deployment, we can proudly boast eight offshore LiDAR campaigns concurrently collecting critical wind data worldwide, and more deployments are likely to follow as new areas open up globally.”

The buoys offshore Germany, supplied by Green Rebel, will deliver a comprehensive wind data suite over a 24-month measurement campaign. In addition to wind speed measurements, the data package includes 12 months of critical metocean data, such as significant wave heights and ocean current profiles, acquired via Directional Waverider buoys and seabed-mounted Acoustic Doppler Current Profilers. Data will be continuously streamed, quality-controlled, and made available to customers daily through the Wind AXIOM platform, TGS’ comprehensive site evaluation and wind data analytics tool. Wind AXIOM allows wind developers and stakeholders to constrain the most influential factors affecting the viability of offshore wind projects, improving the quality and speed of decisions.

All projects are supported by offshore wind industry funding.

About TGS
TGS provides scientific data and intelligence to companies active in the energy sector. In addition to a global, extensive and diverse energy data library, TGS offers specialized services such as advanced processing and analytics alongside cloud-based data applications and solutions.

Forward Looking Statement
All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate. These factors include volatile market conditions, investment opportunities in new and existing markets, demand for licensing of data within the energy industry, operational challenges, and reliance on a cyclical industry and principal customers. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.

For more information, visit TGS.com or contact:

Sven Børre Larsen
Chief Financial Officer
investor@tgs.com

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Appointment of Mary Ann Packo as CEO of Ipsos in North America https://thegbm.com/appointment-of-mary-ann-packo-as-ceo-of-ipsos-in-north-america/ https://thegbm.com/appointment-of-mary-ann-packo-as-ceo-of-ipsos-in-north-america/#respond Mon, 06 May 2024 15:45:00 +0000 https://thegbm.com/appointment-of-mary-ann-packo-as-ceo-of-ipsos-in-north-america Appointment of Mary Ann Packo
as CEO of Ipsos in North America

Paris, New York – May 6, 2024Ipsos, one of the world’s leading market research companies, is pleased to announce the appointment of Mary Ann Packo, effective today, as CEO of Ipsos in North America. Reporting to Ben Page, CEO of Ipsos, she joins the Group Management Committee.

Mary Ann Packo has been working in the market research industry for over 25 years. She has extensive international experience, particularly in the field of brand building, marketing, advertising, consumer research, digital measurement and advisory services.

Prior to joining Ipsos, Mary Ann was a Senior Partner at Hypothesis Group, a premium insights, strategy, and design agency.

She began her career in the United States, before moving to Paris in 1995 as Executive Director of a joint venture dedicated to studies for Consumer Goods companies, and whose two shareholders were NFO, one of the leading American marketing research companies, and Ipsos. Back in the United States, she served until 2001 as President and Chief operating officer of Media Metrix, a company specializing in the measurement of websites and digital networks. Ipsos and GfK were shareholders of the European subsidiary of Media Metrix.

From 2002 to 2015, she was CEO of Millward Brown North America. She became CEO of Kantar Insights North America, then CEO of Kantar Gold Rush – where she worked closely with major Tech players – until 2020.

Ben Page, CEO of Ipsos, commented: “We are thrilled to welcome Mary Ann to Ipsos. Her exceptional leadership, wealth of industry expertise, and ability to drive growth in an international environment make her an invaluable asset to our Group. Her deep understanding of market research and her commitment will undoubtedly strengthen our North American operations, a region of paramount importance to Ipsos.”

Mary Ann Packo holds a Bachelor of Science degree from Miami University in Oxford, Ohio, and serves as a member of the ARF Board of Directors. As a Women in Leadership Champion, Mary Ann is a passionate advocate for Diversity, Equity & Inclusion, with a particular focus on advancing women into leadership roles.

ABOUT IPSOS

Ipsos is one of the largest market research and polling companies globally, operating in 90 markets and employing nearly 20,000 people.

Our passionately curious research professionals, analysts and scientists have built unique multi-specialist capabilities that provide true understanding and powerful insights into the actions, opinions and motivations of citizens, consumers, patients, customers or employees. Our 75 business solutions are based on primary data from our surveys, social media monitoring, and qualitative or observational techniques.

“Game Changers” – our tagline – summarizes our ambition to help our 5,000 clients navigate with confidence our rapidly changing world.

Founded in France in 1975, Ipsos has been listed on the Euronext Paris since July 1, 1999. The company is part of the SBF 120 and Mid-60 indices and is eligible for the Deferred Settlement Service (SRD).
ISIN code FR0000073298, Reuters ISOS.PA, Bloomberg IPS:FP www.ipsos.com

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VINCI wins two free-flow toll collection service contracts in the United States https://thegbm.com/vinci-wins-two-free-flow-toll-collection-service-contracts-in-the-united-states/ https://thegbm.com/vinci-wins-two-free-flow-toll-collection-service-contracts-in-the-united-states/#respond Mon, 06 May 2024 15:45:00 +0000 https://thegbm.com/vinci-wins-two-free-flow-toll-collection-service-contracts-in-the-united-states Nanterre, 6 May 2024

VINCI wins two free-flow toll collection service contracts
in the United States

  • The two multi-year contracts’ combined value amounts to €53 million.
  • VINCI’s first contract in Georgia expands its footprint in the American market.

The Georgia State Road and Tollway Authority (SRTA) has entrusted VINCI Highways (a VINCI Concessions subsidiary) with managing free-flow and dynamically-priced1 transactions on its 107 km network around Atlanta. The contract also includes handling transactions using E-ZPass (an interoperable toll system spanning 18 other American states) and parking fees at Atlanta’s international airport. This 7-year contract will be fulfilled by ViaPlus (a VINCI Highways subsidiary specialised in free-flow traffic management systems).

In Texas, the Harris County Toll Road Authority (HCTRA), which manages a free-flow toll network across the Greater Houston area, has awarded VINCI Highways a contract for video image review services. The contract will last 19 months and includes several extension options. It is aimed at optimising HCTRA’s toll collection by using a license-plate optical-recognition system developed by ViaPlus.

The two contracts, with a combined value of €53 million, will strengthen VINCI Highways’ foothold in the toll services market in the United States: the one in Georgia is its first in the state and the one in Texas is an addition to the contracts it signed in 2018 to manage transactions for authorities in the north and centre of the state.
VINCI Highways, which recently took over the concession for a section of the Denver ring road, is now active in six American states: Colorado, California, Texas, Georgia, Indiana and Kentucky.

1Dynamically-priced transactions consists in fare modulation according to the time and traffic on the road.

About VINCI
VINCI is a global player in concessions, energy and construction, employing 280,000 people in more than 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general. www.vinci.com


This press release is an official information document of the VINCI Group.

PRESS CONTACT
VINCI Press Department
Tel: +33 (0)1 57 98 62 88
media.relations@vinci.com

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Studies Show Diabetes Medicine Can Cause Urologic Complications https://thegbm.com/studies-show-diabetes-medicine-can-cause-urologic-complications/ https://thegbm.com/studies-show-diabetes-medicine-can-cause-urologic-complications/#respond Sun, 05 May 2024 20:00:00 +0000 https://thegbm.com/studies-show-diabetes-medicine-can-cause-urologic-complications SAN ANTONIO, May 05, 2024 (GLOBE NEWSWIRE) — Abstracts being presented at the American Urological Association’s Annual Meeting discuss how certain diabetes medicine can cause an elevated risk for UTIs in men and how healthcare professionals should work collaboratively to monitor patients on SGLT-2 inhibitors, with attention tailored to patient risk factors including sex. 

Researchers will present their study findings covering important updates on diabetes medicine and urologic complications in San Antonio, Texas, from May 3 to 6. Brian Inouye, MD, assistant professor of surgery/urology at Albany Medical Center, moderated a virtual press session with the abstract authors, providing key insights into their research.

“These meds are increasingly popular due to their ability to lower cardiovascular events and the risk of end stage renal disease. They are now first line therapies for diabetes management in patients with cardiovascular disease, chronic kidney disease and heart failure,” said Dr. Inouye. “The ways these meds work is by decreasing the reabsorption of glucose from the urine back into the kidneys and bloodstream. The unintended consequence of this is a higher glucose load in the urine. All three of these talks discuss the urologic sequelae we see in our clinics.”

The following abstracts are covered in the moderated panel:

A recording of the panel discussion is available to all press registrants. Fill out the registration form on the website to be added to the virtual programming: https://www.auanet.org/AUA2024/register/press-registration

NOTE TO REPORTERS: Presenting authors and moderators are available to discuss their findings. To arrange an interview with an expert, please contact the AUA Communications Team at Communications@AUAnet.org.

About the American Urological Association: Founded in 1902 and headquartered near Baltimore, Maryland, the American Urological Association is a leading advocate for the specialty of urology and has nearly 25,000 members throughout the world. The AUA is a premier urologic association, providing invaluable support to the urologic community as it pursues its mission of fostering the highest standards of urologic care through education, research and the formulation of health policy.

CONTACT: Corey Del Bianco American Urological Association 410-689-4033 cdelbianco@auanet.org 

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Flash News: OKX Wallet Now Integrated with LiquiX https://thegbm.com/flash-news-okx-wallet-now-integrated-with-liquix/ https://thegbm.com/flash-news-okx-wallet-now-integrated-with-liquix/#respond Sun, 05 May 2024 19:14:00 +0000 https://thegbm.com/flash-news-okx-wallet-now-integrated-with-liquix SINGAPORE, May 05, 2024 (GLOBE NEWSWIRE) — OKX, a leading Web3 technology company, today announced the integration of LiquiX with the OKX Wallet. LiquiX is a DeFi platform focused on optimizing LP returns and multi-chain ecological liquidity returns aggregation, into the OKX Wallet. This integration opens up new opportunities for OKX Wallet users to maximize their LP returns while minimizing the risks associated with impermanent losses.

LiquiX aims to address the challenges faced by users in the DeFi space, particularly when it comes to combining LP and managing assets effectively. By automating LP management within price ranges, boosting profits, and reducing impermanent losses, LiquiX provides a convenient and low-risk LP solution for users.

LiquiX’s all-in-one service allows users to select their target assets, set clear risk management boundaries, and enjoy a seamless LP experience. The platform’s core algorithm has already demonstrated LP returns that significantly outperform Uniswap V3 in closed beta testing.

The integration of LiquiX into the OKX Wallet positions OKX at the forefront of the DeFi revolution, providing users with cutting-edge tools and services to optimize their LP returns and navigate the evolving DeFi landscape with confidence.

For further information, please contact:
Media@okx.com

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

  • OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 80 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
  • DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.
  • NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
  • Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

 

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