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Channel Description:
The far eastern money technique is sweeping Europe as people catch on to its ability to radically reform their finances - this is how it works
Reported by West Briton 11 minutes ago.
Hidden gems for tourists in Italy, Portugal, Ireland and more.
Reported by Newsday 6 minutes ago.
Excelitas expands its specialty illumination and medical photonics capabilities to offer one-stop source for leading-edge, end-to-end photonic solutions.
WALTHAM, Mass., Jan. 02, 2019 (GLOBE NEWSWIRE) -- Excelitas Technologies^® Corp., a global technology leader focused on delivering innovative, customized photonic solutions, has completed the acquisition of Axsun Technologies (Billerica, MA USA). Axsun specializes in the development and production of MEMS-based optical engines for medical imaging, industrial spectroscopy, and telecommunications applications.The addition of Axsun to the Excelitas Technologies portfolio expands the range of high-performance products for Life Science and Industrial OEM customers seeking single-source convenience and reliability to meet their advanced photonics systems requirements.
“We are very pleased to add Axsun’s OCT (optical coherence tomography) expertise and leading-edge laser light-engine technology to complement our diverse sensing and illumination portfolio. This strategic acquisition will continue to build upon our medical products offering and allow us to address the ever-increasing performance needs of our highly valued OEM customers,” noted Excelitas Executive VP, Michael Ersoni.
Axsun will continue operating from its state-of-the-art facilities in Billerica, MA as it is integrated into the Excelitas Technologies organization.
Terms of the transaction are not being disclosed. Axsun is the sixth and latest acquisition consummated by Excelitas Technologies since its foundation in 2010 and the second acquisition since Excelitas was purchased by AEA Investors (New York, NY USA) in December 2017.
For more information on Excelitas, visit www.excelitas.com and for information on Axsun, visit www.axsun.com.
*About Excelitas Technologies*
Excelitas Technologies Corp. is a global technology leader focused on delivering innovative, high-performance, market-driven photonic solutions to meet the lighting, detection and optical technology needs of global customers. From biomedical technology to research laboratory, safety and security, consumer products, semiconductor, energy and environment, industrial sensing & imaging, defense and aerospace, Excelitas Technologies is committed to enabling our customers' success in their end markets. Excelitas Technologies now has approximately 6700 employees in North America, Europe and Asia, serving customers across the world. Connect with Excelitas on Facebook, LinkedIn and Twitter.
*About Axsun Technologies*
Axsun Technologies, Inc., established in 1998, is a leading developer and supplier of MEMS-based optical engines for medical imaging, industrial spectroscopy and optical telecommunications applications. Through its expertise in micro-optics, packaging and precision engineering, Axsun has pioneered an entirely new class of high-performance, miniaturized instruments and devices enabling a dramatic shift from lab-based measurements to on-line, at-line and in-vivo measurements. Further information can be found at www.axsun.com.
*Contacts: *
Scott Orr
Senior Director of Global Marketing - Commercial
scott.orr@excelitas.com
781.996.5925
Cheryl Reynhout or Jill Anderson
On Behalf of Excelitas Technologies Corp.
SVM Public Relations
excelitas@svmmarcom.com
401.490.9700
Follow Excelitas online: Facebook, LinkedIn and Twitter.
Reported by GlobeNewswire 22 minutes ago.
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NEW YORK, Jan. 02, 2019 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against *Altice USA, Inc.** *(“Altice” or the "Company") (NYSE: ATUS) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Altice securities pursuant or traceable to the Company's initial public offering ("IPO") on June 21, 2017 at $30.00 per share. Such investors are encouraged to join this case by visiting the firm’s site: http://www.bgandg.com/atus.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1933.
The Complaint alleges that the Offering Documents issued in connection to the IPO failed to disclose and/or misstated material information, including that: (1) “The Altice Way” proprietary growth model previously developed in Europe and described in the Offering Documents as a means to achieve superior margin performance was falsely touting Altice’s capacity to face already existing highly competitive environments and ever-changing consumer behaviors, (2) Altice was suffering from aggressively growing competition both in Europe and the United States, directly causing negative and decelerating revenue and EBITDA growth and impacting Altice’s market share, (3) Specifically, Altice was suffering from mismanaged rate events, regulatory compliance and poorly managed network and customer care both in its France and Portugal segments, thereby impacting its customer base and churn rate, (4) Altice USA could not simply replicate the “The Altice Way” in the U.S. and (5) consequently, Altice USA’s Offering Documents were materially misleading at all relevant times.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: http://www.bgandg.com/atus or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Altice you have until January 18, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
Reported by GlobeNewswire 12 minutes ago.
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LIVERPOOL have been branded the best team in Europe by Pep Guardiola ahead of Manchester City’s vital title showdown.
Reported by Daily Star 7 hours ago.
U.S. stocks started the new year with a more than 1 percent decline on Wednesday, as weak data in Asia and Europe confirmed fears of a global economic slowdown while the U.S. government shutdown dragged on.
Reported by Reuters 7 hours ago.
Juventus have confirmed their interest in signing Aaron Ramsey but expect a number of Europe’s top clubs to be vying for the Arsenal midfielder’s signature. With his contract expiring at the end of the season, Ramsey is free to speak to clubs outside of England about a free transfer and Juve have been strongly linked […]
The post Juventus confirm interest in Ramsey appeared first on Soccer News.
Reported by SoccerNews.com 5 hours ago.
New Toyota Supra among the cars set to be unveiled at North American International Auto Show
The Detroit motor show – officially known as the North American International Auto Show – has long marked the start of the automotive year.
As with several other major motor shows, Detroit has lost some of its lustre in recent years, with a number of car firms choosing to display at other events such as CES. Most of the big European companies, and a number of US marques, are staying away in 2019, but while the number of cars due to be launched might be down, they include some significant and interesting new metal.
Here’s what we know will be on show in Detroit when the show’s media days kick off on Monday 14 January. Check back here regularly for more updates.
*Toyota Supra*
The star attraction in Detroit is set to be Toyota’s reborn two-seater Supra sports car, which Autocar has already driven in prototype form. Developed alongside the latest BMW Z4, the fifth-generation Supra – and the first since 2002 – will be powered by a 3.0-litre straight-six engine, with around 340bhp and 350lb ft.
Pictures of the car have already leaked, but Detroit will provide the first chance to see the Porsche Boxster rival up close, and to gain the first official details of its powertrain and tech specs.
*Ford Mustang Shelby GT500*
With a supercharged 5.2-litre V8 engine producing around 700bhp, the Ford Mustang Shelby GT500 is set to be the most powerful road-legal series production machine the firm has ever offered.
The new car has been co-engineered by tuning firm Shelby, and revives the high-performance version of the muscle car that Ford had stopped selling in 2015.
*Subaru WRX STI S209*
The Japanese firm’s Subaru Tecnica International performance division has confirmed that it will unveil a WRX STI S209 in Detroit, although aside from a teaser shot of the front end, it has given few details about the limited-run model.
The previous WRC STI S208 was launched in 2017, with the turbocharged 2.0-litre flat-four engine in the 450 examples tuned to produce 324bhp, up 28bhp from the standard model. There was also STI equipment including a faster steering rack and adjustable Bilstein damping.
*Infiniti electric SUV*
The Infiniti brand was launched at the Detroit show in 1989, and it will celebrate its 30th anniversary by unveiling a concept for its first electric machine.
The SUV, understood to be similar in size to the BMW X1, has been previewed with a darkened image, and will also introduce a new design language for the firm.
Parent company Nissan is also understood to be readying an electric concept machine for the show.
*Lexus RC F Track Edition*
The Japanese firm is also celebrating its 30th anniversary at Detroit, where it will unveil the performance-focused RC F Track Edition.
While details of the BMW M4 CS rival are scarce, a teaser image shows a large carbonfibre rear wing, which has also been seen on spy shots of the car at the Nürburgring. The car is understood to have gone on a substantial weight-saving programme since the RC F GT was launched in 2016.
*Kia Telluride*
Kia will finally unveil the production version of the Telluride, its new large SUV that can seat up to seven passengers and was first shown in concept form at the Detroit show in 2016.
Preview material from Kia suggests the firm is embracing the ‘big, bold and boxy’ styling of the SUV, which is unlikely to be offered for sale in Europe.
*Cadillac XT6*
The GM brand will launch a new large SUV called the XT6, which is expected to go on sale in the US in 2020. The new car, based on the Chevrolet Traverse, is part of a major model assault by Cadillac, which will include five new or redesigned models by the end of next year.
*Read more*
*2018 Detroit motor show: our star cars*
*Matt Prior: the dilemma of modern motor shows*
Reported by Autocar 6 hours ago.
Two songwriters in conversation...
The trans-Atlantic conversation might be subtle, but it's still ongoing.
Take *Ryley Walker*. Largely a product of Chicago's ever-fertile underground scene, his left-field take on folk songwriting owes much to British greats such as Bert Jansch, Martin Carthy, and John Renbourne.
But it goes both way. Glasgow based *Alasdair Roberts* first came to prominent through his links with Stateside label Drag City, from his work with Appendix Out through to his myriad of solo endeavours.
Two very distinct personalities, Clash hooked up the songwriters to chat about their respective backgrounds, and so much more...
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*Ryley:* Nice to finally talk to you! I’m Ryley and I’m a big fan!
*Alasdair: *Nice to talk to you too!
*R: *Where are you at right now?
*A:* I’m at home in Glasgow. Where are you?
*R:* I’m at a hotel in Brussels, Belgium. I’m looking out a window, looking for a place to buy chocolate. I can’t wait – it’s gonna be a great day! I like Glasgow a whole lot too, I’ve been there about a half dozen times. I really like the energy outside kebab kiosks at two in the morning there.
*A:* Yeah! Where did you play in Glasgow?
*R:* Stereo. Mono. All sorts of clubs! I’ve been there a bunch but I still don’t have a grasp of Scotland. But I mean, people are always doing a shitload of cocaine in Glasgow! Those lines are really impressive. Not that everybody does it, but it’s a deep hang there, for sure.
*A:* Haha! Where are you from?
*R: *Chicago. I lived there for a long time. You spent time there as well, right?
*A:* I spent time there, yeah. I’ve not been to the States for five years.
*R:* Oh man, come on back! It hasn’t sunk into the Earth yet, it’s still there.
*A: *Well I don’t actually have a North American booking agent at the moment. The guy I worked with retired after the last tour I did over there.
*R:* That’s a classic case of why music is such a shit business. Like, if someone quits you’re done. It’s such a weird industry. Did you ever play the Empty Bottle in Chicago?
*A:* I did! A long time ago, about 2004.
*R: *Were you on Drag City then?
*A: *Yeah. I started on Drag City in ’97, I think.
*R:* They’re always making good stuff but that’s a super fine era. That’s when the wine was peak age for them! They made some amazing records at that time.
*A: *Definitely. I was a big fan of the label before I got involved with them.
*R:* Did you do anything with David Pajo?
*A:* Yeah a few things. And I toured with Will Oldham as well.
*R:* Man I’ve had dinner with him a few times but I’ve always been too scared to say anything. Not that he’s a mean person at all!
*A: *He was very pleasant on tour, I can say that much.
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*R:* I think younger bands really enjoy touring America – like, the whole ‘see the country and do mushrooms in the desert’ vibe. But there’s not a lot of dough, not a lot of hospitality. Anti-hospitality!
*A:* I know what you mean.
*R:* I dig that, though. I started that way. I thought the best it got was two drink tickets and maybe half price on a turkey club sandwich. But then I came over to Europe and it was like… you’re just giving us dinner?!
*A: *Touring in Europe is really good. It tends to be better than Britain. Certainly better than the USA in general. I enjoyed touring the USA, though – being able to see those stunning landscapes. For someone who grew up in Central Scotland that can be mind-blowing.
*R: *Yeah. But then nature can kill you, so you have to just admire it.
*A:* I feel very fortunate to have been able to see that stuff because most Scottish people don’t get that chance.
*R: *Most people in my family have never left the Mid-West. Outside of Wisconsin, or Illinois. Going to Wisconsin was a big deal, y’know? I’ve barely seen Scotland. I’ve always had this dream to go to the Shetland Islands!
*A:* I was just there about a month ago. We did a small concert there.
*R: *See? That’s so cool!
*A:* It’s beautiful! We didn’t get to spend much time there but it’s a beautiful place.
*R: *Are people there cool? What the hell goes on there? What do they do?
*A:* They drink a lot of beer up there, I think.
*R: *Sure. You’ve got to!
- - -
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*A: *The people are really friendly. It’s different from the mainland. There’s obviously a big Scandinavian influence – some of the language is still quite Scandinavian. Compared to Scotland it feels like another country.
*R:* It’s one of those places that has always occupied my mind. The world is this big massive checklist of where you can travel. I have to have a beer everywhere, and meet somebody really far out! Meet somebody who is rolling cigarettes with one hand, with crazy eyes going everywhere.
*A:* Ha!
*R:* I’m lucky because much of my first few records were steeped in folk, so it got really embraced over there. I appreciate that. But now I make weirder more fucked up records. And that’s what I like about your discography too – you can turn folk tunes inside out! It can be left of centre but still folk. It’s really influential on what I’ve been doing, and I really admire it, man.
*A:* Thank you!
*R:* I did this gig in Glasgow, a tribute to Bert Jansch. It was magical. I had stars in my eyes, just walking on air. Pretty incredible to be the only American artist there. It’s always good to feel like the dumbest person in the room but I really felt like the dumbest person in the room! There were so many people there that I’ve admired my whole life. Martin Simpson was there! One of my favourite guitarists ever. Hanging out and having a beer after the gig was just… so cool! It was really special. And obviously being a Bert Jansch tribute – another guy I idolised but never met – it was so cool to be in amongst his family and friends, and be embraced by that whole crew. It was one of the best nights of my life, I think. And a lot of Scotch!
*A:* I never really met Bert, either. We played on the same line up a few times, at festivals, but I was always too timid to speak to him.
*R: *I saw him once at the Empty Bottle. I was too young to get in, so I stood outside. Shit, I was only 15 years old at the time… and you can’t get in underage, they’re very strict. I stood outside and waited for him to come out, and shouted: Bert I’m such a big fan! And he went: cheers! He wasn’t being rude by any means, he was just a quiet guy. But I walked all the way home just screaming, like some schoolgirl screaming for David Bowie in 1975.
*A:* Haha!
*R:* Anyway, man, I got to ask you about Glasgow. I love Glasgow music. The whole indie rock scene, punk rock scene was huge for me. Were you there for it, man?
*A:* I was there from 1995 onwards. I moved there in my late teens. So yeah, I started playing quite early on at this club called the 13th Note, which is where a lot of the underground or more DIY scene took place. I did my first gig there. So bands at the time like the Yummy Fur…
*R:* Absolutely!
*A:* And bands like The Pastels…
*R:* Massive fan!
*A:* So Stephen Pastel worked in a record shop – you’d go in there and he’d recommend stuff for you. They were so supportive of the local scene, what was going on at a grassroots level.
*R:* I was a huge fan of Aerogramme when I was a kid. People like Ivor Cutler. I love Scotland, it’s sense of humour. When you were a young kid was everyone into Primal Scream and the Jesus and Mary Chain?
*A:* Sure! A lot of people were. It was a big thing.
*R:* I love traditional Scottish stuff but I’m a real sucker for 80s, 90s UK indie rock. I’m so jealous of the people who were there. Like, having seen Aerogramme would be incredible to me!
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For tickets to the latest Ryley Walker shows click *HERE.*
Join us on *Vero*, as we get under the skin of global cultural happenings. Follow *Clash Magazine* as we skip merrily between clubs, concerts, interviews and photo shoots. Get backstage sneak peeks and a true view into our world as the fun and games unfold.
***B*uy Clash Magazine**
Reported by Clash 6 hours ago.
Besieged business faces Europe and Asia-Pacific rout
Reported by FT.com 6 hours ago.
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International superstars from across Europe's top five leagues are available to negotiate with overseas clubs now that they have entered the final six months of their contract
Reported by Independent 5 hours ago.
New data has been released by a major players' agency
Reported by Wales Online 5 hours ago.
Those onboard - including children and a baby - are running out of fresh water and food as they wait permission to dock in Europe
Reported by Wales Online 5 hours ago.
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CALGARY, Alberta and ATLANTA, Jan. 02, 2019 (GLOBE NEWSWIRE) -- Eguana Technologies (TSX.V: EGT) (OTCQB: EGTYF) and Hannah Solar are pleased to announce the companies have partnered to bring residential and commercial energy storage systems to home and business owners in Georgia and South Carolina.“Renewable energy has taken off throughout the Southeast and consumers want cost-effective, intelligent systems that can be easily integrated with new or existing solar PV arrays,” said Joseph Waybright, VP of Sales of Hannah Solar. “Our early efforts have already delivered multiple residential sales where homeowners are looking to power essential loads for an extended period of time. The Evolve system allows our customers to easily expand their storage capacity from 13kWh to 26kWh to 39kWh at a very competitive price point.”
The Evolve residential energy storage system allows new or existing residential solar customers to store excess solar power generation for use in the evening, maximizing their solar investment. In the event of a power outage, the Evolve system will keep the solar PV system operating ensuring that power is available to support essential loads. The Evolve system coupled with solar PV is a low-cost, perpetual backup power source while offering various advanced energy management controls, an integrated user interface, and an extended product warranty.
“We are confident that our proven, outdoor rated, AC Coupled energy storage systems will allow Hannah to win more solar PV business while assisting home and business owners to reduce energy costs, prepare for power outages and become more energy independent,” said Livio Filice, Director of Residential Sales, North America. “First residential installations are currently planned near the Georgia – Alabama border with additional installations planned in throughout Q1. Hannah has placed opening orders of approximately 500KWh of residential storage systems to ensure availability throughout 2019.”
Hannah Solar, an Eguana-certified installer, is expected to complete their first group of Evolve energy storage systems in late January with installations continuing throughout 2019. In addition, the companies plan to collaborate on bringing the Elevate commercial energy storage system to business owners looking to reduce demand charges in Georgia and other select markets.
*Evolve** – Home Energy Storage Systems*
Evolve is a fully-integrated residential energy storage system that includes the company’s proprietary power electronics system, LG Chem low-voltage battery modules, and a comprehensive user interface. The system is rated at 5KW AC output with a modular battery design based on a 6.5 kWh battery, which is scalable from 13 to 39kWh in storage capacity. The NEMA 3R wall-mounted package is suitable for indoor and outdoor installations. The package is backed by a 10-year standard warranty.The Evolve supports grid-connected solar self-consumption, time of use, and backup power. It is now available in the United States and in Caribbean markets, with certification standards matching UL1741, California’s Rule 21, and Hawaii’s Rule 14H.
Interested parties may contact:
Eguana Technologies
Livio Filice
Director of Residential Sales, North America
Livio.Filice@EguanaTech.com
+1.905.929.7522
Hannah Solar
Joseph Waybright
Vice President of Sales
Joseph.Waybright@HannahSolar.com
+1.404.884.1919
*About Hannah Solar *
Hannah Solar is a full service solar integrator dedicated to providing the very best in engineering, products, installation and operations & maintenance of solar arrays, electric vehicle (EV) charging stations, storage systems and Generac® backup generators. Our team is comprised of NABCEP certified solar experts, licensed master electricians in GA, AL, MS, NC, SC, & TN, project management professionals, business development managers, designers and installers—working together to serve our clients as a reliable and experienced resource in sustainable energy integration.
*About Eguana Technologies Inc.*
Based in Calgary, Alberta Canada, Eguana Technologies (EGT: TSX.V) (OTCQB: EGTYF) designs and manufactures high performance residential and commercial energy storage systems. Eguana has two decades of experience delivering grid edge power electronics for fuel cell, photovoltaic and battery applications, and delivers proven, durable, high quality solutions from its high capacity manufacturing facilities in Europe and North America.
With thousands of its proprietary energy storage inverters deployed in the European and North American markets, Eguana is one of the leading suppliers of power controls for solar self-consumption, grid services and demand charge applications at the grid edge.
To learn more, visit www.EguanaTech.com or follow us on Twitter @EguanaTech
*Company Inquiries*
Justin Holland
CEO, Eguana Technologies Inc.
+1.416.728.7635
Justin.Holland@EguanaTech.com
*For**w**a**rd Looking Information*
The reader is advised that some of the information herein may constitute forward-looking statements within the meaning assigned by National Instruments 51-102 and other relevant securities legislation. In particular, we include: statements pertaining to the value of our power controls to the energy storage market and statements concerning the use of proceeds and the Company's ability to obtain necessary approvals from the TSX Venture Exchange.
Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties. Many factors could cause the Company's actual results, performance or achievements, or future events or developments, to differ materially from those expressed or implied by the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof. Readers are also directed to the Risk Factors section of the Company’s most recent audited Financial Statements which may be found on its website or at sedar.com. The Company does not undertake any obligation to release publicly any revisions to forward-looking information contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Reported by GlobeNewswire 1 hour ago.
NEW YORK, Jan. 02, 2019 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).*The following dates apply to the distributions:*
*Record Date* January 15, 2019
*Ex-Dividend Date* January 14, 2019
*Payable Date* January 31, 2019
*Distribution Schedule*
*NYSE Ticker* *Closed-End Fund Name* *Distribution *
* Per Share* *Change from Previous Distribution* *Frequency*
AVK Advent Claymore Convertible Securities and Income Fund $0.1172^1 Monthly
GBAB Guggenheim Taxable Municipal Managed Duration Trust $0.12573 Monthly
GGM Guggenheim Credit
Allocation Fund $0.1813^1 Monthly
GOF Guggenheim Strategic Opportunities Fund $0.1821^1 Monthly
^1 A portion of this distribution is estimated to be a return of capital rather than income. Final determination of the character of distributions will be made at year-end. The Section 19(a) notice referenced below provides more information and can be found at www.guggenheiminvestments.com.
*Past performance is not indicative of future performance.* As of this announcement, the sources of each fund distribution are estimates. Distributions may be paid from sources of income other than ordinary income, such as short-term capital gains, long-term capital gains or return of capital. Unless otherwise noted, the distributions above are not anticipated to include a return of capital. If a distribution consists of something other than ordinary income, a Section 19(a) notice detailing the anticipated source(s) of the distribution will be made available. The Section 19(a) notice will be posted to a Fund’s website and to the Depository Trust & Clearing Corporation so that brokers can distribute such notices to Shareholders of the Fund. Section 19(a) notices are provided for informational purposes only and not for tax reporting purposes. The final determination of the source and tax characteristics of all distributions in 2018 will be made after the end of the year. This information is not legal or tax advice. Consult a professional regarding your specific legal or tax matters.
*About Guggenheim Investments*
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, LLC (“Guggenheim”), with $207 billion^* in assets under management across fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 300+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification opportunities and attractive long-term results.
Guggenheim Investments includes Guggenheim Funds Investment Advisors, LLC (“GFIA”), Guggenheim Partners Investment Management (“GPIM”), and Guggenheim Funds Distributors, LLC (”GFD”). GFD serves as servicing agent for AVK. GFIA serves as Investment Adviser for GBAB, GGM and GOF. GPIM serves as Investment Sub-Adviser for GBAB, GGM, and GOF. The Investment Adviser for AVK is Advent Capital Management, LLC and is not affiliated with Guggenheim.
*Assets under management is as of 09.30.2018 and includes leverage of $11.8bn. Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Real Estate, LLC, GS GAMMA Advisors, LLC, Guggenheim Partners Europe Limited and Guggenheim Partners India Management.
This information does not represent an offer to sell securities of the Funds and it is not soliciting an offer to buy securities of the Funds. There can be no assurance that the Funds will achieve their investment objectives. Investments in the Funds involve operating expenses and fees. The net asset value of the Funds will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value. Past performance is not indicative of future performance. An investment in closed-end funds is subject to investment risk, including the possible loss of the entire amount that you invest. Some general risks and considerations associated with investing in a closed-end fund may include: Investment and Market Risk; Lower Grade Securities Risk; Equity Securities Risk; Foreign Securities Risk; Interest Rate Risk; Illiquidity Risk; Derivative Risk; Management Risk; Anti-Takeover Provisions; Market Disruption Risk and Leverage Risk. See www.guggenheiminvestments.com/cef for a detailed discussion of Fund-specific risks.
*Investors should consider the investment objectives and policies, risk considerations, charges and expenses of any investment before they invest. For this and more information, visit www.guggenheiminvestments.com or contact a securities representative or Guggenheim Funds Distributors, LLC 227 West Monroe Street, Chicago, IL 60606, 800-345-7999.*
*Analyst Inquiries*
William T. Korver
cefs@guggenheiminvestments.com
Not FDIC-Insured | Not Bank-Guaranteed | May Lose Value
Member FINRA/SIPC (1/19)
Reported by GlobeNewswire 1 hour ago.
IRVINE, Calif., Jan. 02, 2019 (GLOBE NEWSWIRE) -- Lantronix, Inc. (the “Company”) (NASDAQ: LTRX), a global provider of secure data access and management solutions for the industrial Internet of Things (IoT), today announced the addition of new channel relationship supporting the Asia Pacific & Japan (APJ) region.The company has signed a new distributor agreement with Ingram Micro Inc., a global wholesale provider of technology products and supply chain management service. Under the terms of the new agreement, Ingram Micro Inc. will provide advanced logistics, product delivery, and distribution services for Lantronix external IoT device gateways and IT management solutions in China.
"As a leader in providing knowledge-driven IT solutions to the Chinese market since 1997, Ingram Micro prides itself on partnering with established brands like Lantronix,” said Patrick Shao, vice president and managing director Ingram Micro PRC. “We’re excited to add Lantronix’s innovative portfolio of industrial and networking solutions to our catalogue of best-of-breed products."
“We’re pleased to add Ingram Micro to the growing list of Lantronix Asia Pacific partners,” said Kevin Yoder, Lantronix vice president of sales. “China represents a growth market for us, and the expansion of our relationship with Ingram Micro will allow us to further our reach and support new customers with our industry-leading IT management and IoT solutions.”
*About Lantronix *
Lantronix, Inc. is a global provider of secure data access and management solutions for Internet of Things (IoT) assets. Our mission is to be the leading supplier of IoT solutions that enable companies to dramatically simplify the creation, deployment, and management of IoT projects while providing secure access to data for applications and people.
With more than two decades of experience in creating robust machine to machine (M2M) technologies, Lantronix is an innovator in enabling our customers to build new business models and realize the possibilities of the Internet of Things. Our connectivity solutions are deployed inside millions of machines serving a wide range of industries, including industrial, medical, security, transportation, retail, financial, environmental and government.
Lantronix is headquartered in Irvine, California. For more information, visit www.lantronix.com.
Learn more at the Lantronix blog, www.lantronix.com/blog, featuring industry discussion and updates. To follow Lantronix on Twitter, please visit www.twitter.com/Lantronix. View our video library on YouTube at www.youtube.com/user/LantronixInc or connect with us on LinkedIn at www.linkedin.com/company/lantronix.
*Lantronix Media and Analyst Contact: *
Shahram Mehraban
VP, Marketing
media@lantronix.com
investors@lantronix.com
949-453-7175
*Lantronix Sales: *
sales@lantronix.com
Americas +1 (800) 422-7055 (US and Canada) or +1 949-453-3990
Europe, Middle East and Africa +31 (0)76 52 36 744
Asia Pacific + 852 3428-2338
China + 86 21-6237-8868
Japan +81 (0) 50-1354-6201
India +91 994-551-2488
© 2019 Lantronix, Inc. All rights reserved.
Reported by GlobeNewswire 1 hour ago.
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All amounts in Canadian dollars unless otherwise statedBROOKFIELD, News, Jan. 02, 2019 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (*TSX: BEP.UN*; *NYSE: BEP*) (“*Brookfield Renewable*”) today announced the quarterly dividend on Brookfield Renewable Power Preferred Equity Inc.’s floating-rate Class A Preference Shares, Series 2 (*“Series 2 Shares”*).
The dividend is paid at an annual rate, calculated for each quarter, of 2.62% over the annual yield on three-month Government of Canada treasury bills. The actual quarterly dividend rate in respect of the February 1, 2019 to April 30, 2019 dividend period will be 1.04484% (4.285% on an annualized basis) and the dividend, if declared, for such dividend period will be $0.261210 per share, payable on April 30, 2019.
The Series 2 Shares are listed on the TSX under the trading symbol “BRF.PR.B”.
*Brookfield Renewable Partners *
Brookfield Renewable Partners operates one of the world’s largest publicly traded, pure-play renewable power platforms. Our portfolio consists of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia, and totals over 17,000 megawatts of installed capacity and an 8,000 megawatt development pipeline. Brookfield Renewable is listed on the New York and Toronto stock exchanges. Further information is available at https://bep.brookfield.com. Important information may be disseminated exclusively via the website; investors should consult the site to access this information.
Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with over $330 billion of assets under management.
*Contact information:*
*Media:*
*Claire Holland*
*Vice President – Communications*
*(416) 369-8236*
*claire.holland@brookfield.com*
*Investors:
Divya Biyani
Manager – Investor Relations
(416) 369-2616
divya.biyani@brookfield.com*
Reported by GlobeNewswire 1 hour ago.
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MIAMI, Jan. 02, 2019 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (together with NCL Corporation Ltd., "Norwegian Cruise Line Holdings", "Norwegian" or the "Company"), today announced the refinancing of its senior secured credit facility.The Company amended its existing senior secured credit facility by repricing its $875 million revolving credit facility ("Revolver"), repricing and increasing its Term A loan facility to approximately $1.6 billion ("Term A Loan") and extending the maturity dates for both to January 2024.
The proceeds from the increase in the Term A Loan were used to prepay the entire outstanding amount under the Company's existing Term B loan facility. The amendment also reduced the applicable margin under the Revolver and Term A Loan by 25 basis points. Both the Revolver and Term A Loan bear interest at LIBOR plus an applicable margin of between 1.00% and 1.75%, depending on the Company's leverage ratio.
"The refinancing of this facility further builds on our foundation for the future by strengthening our liquidity profile through more favorable rates and the extension of maturities," said Mark Kempa, executive vice president and chief financial officer of Norwegian Cruise Line Holdings Ltd. “We remain focused on strengthening our balance sheet and remain on track to reach our targeted leverage range of 2.5 to 2.75 times by the end of 2020.”
*About Norwegian Cruise Line Holdings Ltd.*
Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. With a combined fleet of 26 ships with approximately 54,400 berths, these brands offer itineraries to more than 450 destinations worldwide. The Company will introduce eight additional ships through 2027.
Norwegian Cruise Line is the innovator in cruise travel with a 51-year history of breaking the boundaries of traditional cruising. Most notably, Norwegian revolutionized the cruise industry by offering guests the freedom and flexibility to design their ideal cruise vacation on their schedule with no set dining times, a variety of entertainment options and no formal dress codes. Today, Norwegian invites guests to enjoy a relaxed, resort- style cruise vacation on some of the newest and most contemporary ships at sea with a wide variety of accommodations options, including The Haven by Norwegian®, a luxury enclave with suites, private pool and dining, concierge service and personal butlers. Norwegian Cruise Line sails around the globe, offering guests the freedom and flexibility to explore the world on their own time and experience up to 27 dining options, award-winning entertainment, superior guest service and more across all of the brand’s 15 ships.
Oceania Cruises is the world’s leading culinary- and destination-focused cruise line. The line’s six intimate and luxurious ships which carry only 684 or 1,250 guests offer an unrivaled vacation experience featuring the finest cuisine at sea and destination-rich itineraries that span the globe. Expertly crafted voyages aboard designer-inspired, intimate ships call on more than 450 ports across Europe, Alaska, Asia, Africa, Australia, New Zealand, New England-Canada, Bermuda, the Caribbean, Panama Canal, Tahiti and the South Pacific and epic Around The World Voyages that range from 180 to 200 days.
Regent Seven Seas Cruises is the world’s most inclusive luxury experience with a modern, five-ship fleet that visits more than 450 iconic and immersive destinations around the world. The cruise line’s fares include all-suite accommodations, round-trip business-class air on intercontinental flights from U.S. and Canada, the largest collection of free, unlimited shore excursions, unlimited internet access, highly personalized service, exquisite cuisine, fine wines and spirits, prepaid gratuities, ground transfers and one-night, pre-cruise hotel package for guests staying in Concierge-level suites and higher. Its spacious and intimate ships have a capacity of up to 750 guests. Seven Seas Mariner’s 2018 dry-dock refurbishment concluded the line’s $125 million refurbishment program to elevate the fleet’s elegance to the standard set by Seven Seas Explorer, the most luxurious ship ever built. In early 2020, Regent will perfect luxury with the launch of Seven Seas Splendor.
*Cautionary Statement Concerning Forward-Looking Statements*
Certain statements in this release or that may be mentioned on our conference call constitute forward-looking statements within the meaning of the U.S. federal securities laws intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this release, including, without limitation, those regarding our business strategy, financial position, results of operations, plans, future deleveraging, prospects and objectives of management for future operations (including expected fleet additions, development plans, demand environment and objectives relating to our activities), are forward-looking statements. Many, but not all, of these statements can be found by looking for words like "expect,""anticipate,""goal,""project,""plan,""believe,""seek,""will,""may,""forecast,""estimate,""intend,""future," and similar words. Forward-looking statements do not guarantee future performance and may involve risks, uncertainties and other factors which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; adverse incidents involving cruise ships; adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; the spread of epidemics and viral outbreaks; our expansion into and investments in new markets; the risks and increased costs associated with operating internationally; breaches in data security or other disturbances to our information technology and other networks; changes in fuel prices and/or other cruise operating costs; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; the unavailability of attractive port destinations; evolving requirements and regulations regarding data privacy and protection and any actual or perceived compliance failures by us; our indebtedness and restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; our inability to recruit or retain qualified personnel or the loss of key personnel; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; our reliance on third parties to provide hotel management services to certain ships and certain other services; future increases in the price of, or major changes or reduction in, commercial airline services; amendments to our collective bargaining agreements for crew members and other employee relation issues; our inability to obtain adequate insurance coverage; future changes relating to how external distribution channels sell and market our cruises; pending or threatened litigation, investigations and enforcement actions; our ability to keep pace with developments in technology; seasonal variations in passenger fare rates and occupancy levels at different times of the year; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under "Risk Factors" in our most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q and subsequent filings by the Company with the Securities and Exchange Commission. The above examples are not exhaustive and new risks emerge from time to time. Such forward-looking statements are based on our current beliefs, assumptions, expectations, estimates and projections regarding our present and future business strategies and the environment in which we expect to operate in the future. These forward-looking statements speak only as of the date made. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations with regard thereto or any change of events, conditions or circumstances on which any such statement was based, except as required by law.
*Investor Relations & Media Contact:*
Andrea DeMarco
(305) 468-2339
InvestorRelations@nclcorp.com
Jordan Kever
(305) 436-4961
Reported by GlobeNewswire 1 hour ago.
WESTFORD, Mass., Jan. 02, 2019 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) today announced the completion of its acquisition of Syntron Material Handling Group, LLC and certain of its affiliates (“Syntron”), a leading provider of material handling equipment and systems to various process industries, from entities affiliated with Levine Leichtman Capital Partners for approximately $179 million, subject to certain customary adjustments. The transaction was financed through borrowings under the Company’s revolving credit facility.“We are excited to welcome Syntron to the Kadant family and look forward to the new opportunities this combination will bring to our business,” said Jonathan Painter, president and chief executive officer of Kadant. “Syntron not only extends our breadth of premier offerings to process industries, but also gives us access to new industries that offer potential avenues for growth.”
Syntron is based in Tupelo, Mississippi with approximately 250 employees worldwide and revenue of approximately $89 million for the trailing twelve months ended October 31, 2018.*About Kadant*
Kadant Inc. is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. The Company’s products, technologies, and services play an integral role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. Kadant is based in Westford, Massachusetts, with approximately 2,750 employees in 20 countries worldwide. For more information, visit www.kadant.com.
*About Levine Leichtman Capital Partners*
LLCP is a Los Angeles, California-based private investment firm that has managed approximately $10 billion of institutional capital since its inception. LLCP invests in middle market companies located in the United States and Europe. LLCP is currently making new investments through Levine Leichtman Capital Partners VI, L.P.; LLCP Lower Middle Market Fund, L.P.; Levine Leichtman Capital Partners Europe, L.P.; and Levine Leichtman Strategic Capital, LLC. LLCP has offices in Los Angeles, New York, Dallas, Chicago, Charlotte, London, Stockholm, and The Hague.
*Safe Harbor Statement*
The following constitutes a “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that involve a number of risks and uncertainties, including forward-looking statements about the financial and operating performance of Syntron, the benefits of the acquisition of Syntron (the “Acquisition”), and the expected future business and financial performance of Syntron and Kadant. These forward-looking statements represent Kadant’s expectations as of the date of this press release. Kadant undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause the Company’s actual results to differ materially from these forward-looking statements as a result of various important factors, including those set forth under the heading “Risk Factors” in Kadant’s annual report on Form 10-K for the year ended December 30, 2017 and subsequent filings with the Securities and Exchange Commission. These include risks and uncertainties relating to Kadant’s ability to successfully integrate Syntron and its operations and employees and realize anticipated benefits from the transaction; unanticipated disruptions to the business, general and regional economic conditions, and the future performance of Syntron; potential adverse reactions or changes to business or employee relationships, including those resulting from the completion of the Acquisition; competitive, investor or customer responses to the Acquisition; uncertainty of the expected financial performance of the combined operations; the ability to realize anticipated synergies, including accessing new industries, and cost savings; unexpected costs, charges or expenses resulting from the Acquisition; adverse changes in global and local economic conditions; the variability and difficulty in accurately predicting revenues from large capital equipment and systems projects; the variability and uncertainties in sales of capital equipment in China; currency fluctuations; Kadant’s customers’ ability to obtain financing for capital equipment projects; changes in government regulations and policies; the oriented strand board market and levels of residential construction activity; development and use of digital media; price increases or shortages of raw materials; dependence on certain suppliers; international sales and operations; economic conditions and regulatory changes caused by the United Kingdom’s likely exit from the European Union; disruption in production; Kadant’s acquisition strategy; Kadant’s internal growth strategy; competition; soundness of suppliers and customers; Kadant’s effective tax rate; future restructurings; soundness of financial institutions; Kadant’s debt obligations; restrictions in Kadant’s credit agreement; loss of key personnel; reliance on third-party research; protection of patents and proprietary rights; failure of Kadant’s information systems or breaches of data security; fluctuations in Kadant’s share price; and anti-takeover provisions.
*Contacts*
Investor Contact Information:
Michael McKenney, 978-776-2000
mike.mckenney@kadant.com
or
Media Contact Information:
Wes Martz, 269-278-1715
wes.martz@kadant.com
Reported by GlobeNewswire 52 minutes ago.
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Reported by Goal.com 17 minutes ago.
