Landis+Gyr and PayGo Announce Billing and Payments Partner Agreement

Landis+Gyr will resell PayGo digital payment software solution as part of its Gridstream® Connect suite of solutions.

PR Newswire

ATLANTA, Jan. 12, 2021 /PRNewswire/ — Landis+Gyr (LAND.SW) and PayGo have signed a partner agreement that authorizes Landis+Gyr to provide PayGo’s prepay, digital billing and payment services to its advanced metering customers.

Landis+Gyr is now able to offer PayGo to existing and future AMI customers as a premium prepay, digital billing and payment service.  Prepayment systems for utility services have proven to deliver benefits for both the customer and utility, giving the customer greater control over their energy usage leading to improved energy efficiency. These programs also reduce the need for security deposits and fees, while lowering debt and improving customer satisfaction.

“This agreement allows Landis+Gyr to provide a proven digital payment platform that complements our existing consumer engagement offerings while enhancing the proven benefits of flexible payment options for utilities and their customers,” said Tim Weidenbach, Senior Vice President of Technologies at Landis+Gyr.

PayGo’s software platform is built on a comprehensive billing and communications engine that allows the application to serve all of the utility’s digital payment programs. Accessing data from advanced meters and other utility assets, it provides both prepay and postpay options for utility services.

“PayGo prepay programs have delivered customer satisfaction scores as high as 96 percent. With PayGo, utility customers can access the payment system from their mobile device or pay at many local businesses, such as convenience stores, pharmacies and grocery stores. This reduces reliance on utility-operated billing centers and improves the customer experience,” said David Elve, Chief Marketing Officer for PayGo.

Beyond collecting AMI data, Landis+Gyr’s Gridstream® Connect platform adds grid edge intelligence necessary for utilities to better manage the distribution grid and improve customer service.

About PayGo

PayGo® is an Atlanta-based software and payments company. Our platforms deliver flexible billing and payment solutions that enable America’s largest investor-owned and public power utilities to enable higher customer engagement and improve revenue assurance.  Utility customers experience greater control in how they manage and pay for their energy and water spend, along with ways to reduce consumption. More information is available at  www.paygoutilities.com.

About Landis+Gyr
Landis+Gyr is a leading global provider of integrated energy management solutions for the utility sector. Offering one of the broadest portfolios, we deliver innovative and flexible solutions to help utilities solve their complex challenges in Smart Metering, Grid Edge Intelligence and Smart Infrastructure. With sales of USD 1.7 billion in FY 2019, Landis+Gyr employs approximately 5,500 people in over 30 countries across five continents, with the sole mission of helping the world manage energy better.

Contacts

Landis+Gyr


Dan Jacobson | Regional Contact North America
Senior Marketing Communications Manager
[email protected] 
320-307-7486

PayGo


Ted Vann

VP Client Services
[email protected] 
214-763-1519

 

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SOURCE Landis+Gyr

GT Biopharma Announces Eighth Patient Begins Treatment Of GTB-3550

PR Newswire

BEVERLY HILLS, Calif., Jan. 12, 2021 /PRNewswire/ — GT Biopharma, Inc. (OTCQB: GTBP) (GTBP.PA) an immuno-oncology company focused on innovative therapies based on the Company’s proprietary NK cell engager (TriKE™) technology platform is pleased to announce the continuation of enrollment with patient 8 in its GTB-3550 clinical trial following the conclusion of a 30-day Covid-19 related pause in enrolling patients in all clinical trials currently being conducted at the University of Minnesota’s Masonic Cancer Center.

Patients with CD33+ malignancies (primary induction failure or relapsed AML with failure of one reinduction attempt or high-risk MDS progressed on two lines of therapy) age 18 and older are eligible to participate in the GTB-3550 TriKE™ clinical trial (NCT03214666).  The primary endpoint of the Study is to identify the maximum tolerated dose (MTD) of GTB-3550 TriKE.  Correlative objectives include the number, phenotype, activation status and function of NK cells and T cells.


GTB-3550 TriKE™ Demonstrates Clinical Benefit in Patients and 61.7% Reduction in Cancer Burden in patient 7

The GTB-3550 TriKE™ clinical trial commenced patient enrollment in February 2020 for the treatment of relapsed/refractory acute myeloid leukemia (AML) and high-risk myelodysplastic syndrome (HR-MDS).  To date, seven patients have been enrolled in the clinical trial; two patients treated at 5 mcg/kg/day, two patients treated at 10 mcg/kg/day, two patients at 25 mcg/kg/day, and one patient treated at 50 mcg/kg/day.  All seven patients have completed therapy.  The results to date have been positive and the company continues to expand the enrollment.


Clinical Benefit Achieved and Reduction in Cancer Burden in HR-MDS Patient

A high-risk myelodysplastic syndromes (HR-MDS) patient had failed hypomethylating agent and Luspatercept therapies prior to being treated with GTB-3550 at 50mcg/kg/day (three consecutive 96-hour continuous infusions).  The patient achieved bone marrow blast level reduction from 12% before GTB-3550 therapy to 4.6% post GTB-3550 therapy determined by morphological assessment (61.7% reduction in cancer cells), and had stable hematologic parameters including normal platelet counts throughout therapy.  Following this single course of GTB-3550 therapy and the significant reduction in bone marrow blast levels, the patient demonstrated clinical benefit from GTB-3550 therapy, and qualified for and has received a hematopoietic stem cell transplant (HSCT).  The only treatment with curative intent for a majority of elderly HR-MDS or relapsed/refractory AML patients is allogeneic hematopoietic stem cell transplant (HSCT).  GTB-3550 TriKE™ therapy represents a novel, low intensity therapeutic option which has the potential to increase HSCT eligibility for elderly HR-MDS and relapsed/refractory AML patients. 


Achievement of Stable Disease and Reduction in Cancer Burden in AML Patients

Two patients with relapsed/refractory acute myeloid leukemia who has previously failed prior therapies prior to being treated with GTB-3550; one patient treated at 5mcg/kg/day achieved stable disease and another patient treated at 25mcg/kg/day experienced a 33% reduction in bone marrow blast levels.


No Toxicities / Potent Native NK Cell Activation and Proliferation without Supplemental NK Cell Therapy

No signs of clinical immune activation, and no dose limiting toxicity such as cytokine release syndrome (CRS) or serious adverse events (SAEs) or fevers, tachycardia or constitutional symptoms have been observed in any patient treated to date with GTB-3550 TriKE™.  Correlative studies also showed no shedding of CD16 from patient’s NK cells, and potent NK cell activation, proliferation and target cell killing without the need for supplemental autologous NK cell therapy. 

Targeted delivery of IL-15 to NK cells via GTB-3550 TriKE™ therapy showed preferential proliferation of NK cells, significantly less effect on CD8+ T-cells, and no observed toxicity at 25x the previous reported MTD for continuous infusion of recombinant human IL-15.  GTB-3550 TriKE™ is a single-chain, tri-specific scFv recombinant fusion protein conjugate composed of the variable regions of the heavy and light chains of anti-CD16 and anti-CD33 antibodies,

Mr. Anthony Cataldo, Chairman and Chief Executive Officer of GT Biopharma commented “We are pleased to once again be allowed to proceed with patient enrollment now that the Covid-19 enrollment pause has been removed at the University of Minnesota’s Masonic Cancer Center.” 


About GTB-3550 TriKE™

GTB-3550 is the Company’s first TriKE™ product candidate being initially developed for the treatment or relapsed/refractory acute myeloid leukemia (AML), high-risk myelodysplastic syndrome (HR-MDS).  GTB-3550 is a single-chain, tri-specific scFv recombinant fusion protein conjugate composed of the variable regions of the heavy and light chains of anti-CD16 and anti-CD33 antibodies and a modified form of IL-15.  The natural killer (NK) cell stimulating cytokine human IL-15 portion of the molecule provides a self-sustaining signal that activates NK cells and enhances their ability to kill cancer cells.


About GT Biopharma, Inc.

GT Biopharma, Inc. is a clinical stage biopharmaceutical company focused on the development and commercialization of immuno-oncology therapeutic products based our proprietary TriKE™ NK cell engager platform.  Our TriKE™ platform is designed to harness and enhance the cancer killing abilities of a patient’s immune system natural killer cells (NK cells).  GT Biopharma has an exclusive worldwide license agreement with the University of Minnesota to further develop and commercialize therapies using TriKE™ technology.


Forward-Looking Statements

This press release contains certain forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict, including statements regarding the potential acquisition, the likelihood of closing the potential transaction, our clinical focus, and our current and proposed trials.  Words and expressions reflecting optimism, satisfaction or disappointment with current prospects, as well as words such as “believes”, “hopes”, “intends”, “estimates”, “expects”, “projects”, “plans”, “anticipates” and variations thereof, or the use of future tense, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking.  Our forward-looking statements are not a guarantee of performance, and actual results could differ materially from those contained in or expressed by such statements.  In evaluating all such statements, we urge you to specifically consider the various risk factors identified in our Form 10-K for the fiscal year ended December 31, 2019 in the section titled “Risk Factors” in Part I, Item 1A and in our subsequent Form 10Q Quarterly filings with the Securities and Exchange Commission, any of which could cause actual results to differ materially from those indicated by our forward-looking statements.

Our forward-looking statements reflect our current views with respect to future events and are based on currently available financial, economic, scientific, and competitive data and information on current business plans.  You should not place undue reliance on our forward-looking statements, which are subject to risks and uncertainties relating to, among other things:  (i) the sufficiency of our cash position and our ongoing ability to raise additional capital to fund our operations, (ii) our ability to complete our contemplated clinical trials, or to meet the FDA’s requirements with respect to safety and efficacy, (iii) our ability to identify patients to enroll in our clinical trials in a timely fashion, (iv) our ability to achieve approval of a marketable product, (v) design, implementation and conduct of clinical trials, (vii) the results of our clinical trials, including the possibility of unfavorable clinical trial results, (vii) the market for, and marketability of, any product that is approved, (viii) the existence or development of treatments that are viewed by medical professionals or patients as superior to our products, (ix) regulatory initiatives, compliance with governmental regulations and the regulatory approval process, and social conditions, and (x) various other matters, many of which are beyond our control.  Should one or more of these risks or uncertainties develop, or should underlying assumptions prove to be incorrect, actual results may vary materially and adversely from those anticipated, believed, estimated, or otherwise indicated by our forward-looking statements.

We intend that all forward-looking statements made in this press release will be subject to the safe harbor protection of the federal securities laws pursuant to Section 27A of the Securities Act, to the extent applicable.  Except as required by law, we do not undertake any responsibility to update these forward-looking statements to take into account events or circumstances that occur after the date of this press release.  Additionally, we do not undertake any responsibility to update you on the occurrence of any unanticipated events which may cause actual results to differ from those expressed or implied by these forward-looking statements.

For more information, please visit www.gtbiopharma.com.

Contact
Andrew Barwicki
516-662-9461 / [email protected]

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SOURCE GT Biopharma, Inc.

Announcing Axalta’s 2021 Global Automotive Color of the Year: “ElectroLight”

Meet the color that lights up the future of mobility

PR Newswire

PHILADELPHIA, Jan. 12, 2021 /PRNewswire/ — Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, announced its 2021 Global Automotive Color of the Year – “ElectroLight.”

ElectroLight is an expressively refreshing green-yellow hue with inspired bold, contemporary flavors that echo style, energy and flair. The unique personality of ElectroLight evokes a blend of sporty design elements with functional performance and offers great versatility when combined with two-tone charcoal color accents or matte finishes on a variety of mobility solutions. Further, ElectroLight is formulated with reflective properties that make it highly visible to light detection and ranging (LiDAR) systems, while its layer structure and pigment content are easily transmissible by radio detection and ranging (radar) systems.

“Offering innovative products that are ahead of the curve is what we live and breathe every day at Axalta,” said Hadi Awada, a senior vice president at Axalta. “ElectroLight is another step toward illuminating a path for a green future for all type of vehicles, including autonomous vehicles. Formulated with mobility-sensing technology, ElectroLight combines a passion for individualization with coating science into a functional, expressive and dynamic color.”

Fully autonomous vehicles are closer than ever to becoming a reality and will increasingly rely on LiDAR and radar technology to see and interact with the world around them. ElectroLight meets industry safety standards and improves the performance of both types of systems, making it a stand-out color option in both trend and technology.

While Axalta’s 2020 Global Automotive Color Popularity Report shows that white remains the most frequently purchased automotive color globally, interest in automotive colors with a more customized and personalized look are becoming increasingly desired by consumers. Green has influenced both blue and yellow color palettes within today’s vehicle market trends, driving colors into a more eco-centric theme. This includes Sea Glass – a green-shade of blue and Axalta’s 2020 Global Automotive Color of the Year – and now ElectroLight – a yellow-shade of green.

“Our 2021 color evokes sustainability, happiness and safety. ElectroLight is at the forefront of today’s color trends, while anticipating emerging technology advances,” said Nancy Lockhart, global product manager of color at Axalta. “Consumers are looking for a breakout color and ElectroLight manifests this, while bringing a progressive approach to automotive styling and design.”

Axalta leads the coatings industry in mobility coatings and waterborne technology, offering products that are easy to apply and that deliver outstanding performance properties at variable gloss levels. These environmentally responsible systems provide low-volatile organic compound (VOC) products and efficient solutions for all applications from snowmobiles, to light vehicles, to amusement park rides and more.

Axalta actively works to continue to provide innovative color choices for automotive buyers and refinishers that are on the leading edge of design and create conceptual colors that are aesthetically and functionally beneficial to vehicle surfaces. Visit axalta.com/color for more information on ElectroLight.

About Axalta

Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful, and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, building facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity, and enhance durability. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve our more than 100,000 customers in over 130 countries better every day with the finest coatings, application systems and technology. For more information, visit axalta.com and follow us @axalta on Twitter.


Axalta Coating Systems


Contact

2001 Market Street

Jessica Iben

Suite 3600

C: +1-267-398-8163

Philadelphia, PA 19103


[email protected]

 

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SOURCE Axalta Coating Systems Ltd.

LKQ Corporation to Release Fourth Quarter and Full Year 2020 Results on Thursday, February 18, 2021

CHICAGO, Jan. 12, 2021 (GLOBE NEWSWIRE) — LKQ Corporation (Nasdaq: LKQ) will release its fourth quarter and full year 2020 financial results on Thursday, February 18, 2021.

Conference Call Details

LKQ will host a conference call and webcast on February 18, 2021 at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) with members of senior management to discuss the Company’s results. To access the investor conference call, please dial (833) 236-5754. International access to the call may be obtained by dialing (647) 689-4182. The investor conference call will require you to enter conference ID: 3357956#.

Webcast and Presentation Details

The audio webcast and accompanying slide presentation can be accessed at (www.lkqcorp.com) in the Investor Relations section.

A replay of the conference call will be available by telephone at (800) 585-8367 or (416) 621-4642 for international calls. The telephone replay will require you to enter conference ID: 3357956#. An online replay of the audio webcast will be available on the Company’s website. Both formats of replay will be available through March 4, 2021. Please allow approximately two hours after the live presentation before attempting to access the replay.

About LKQ Corporation

LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe and Taiwan. LKQ offers its customers a broad range of OE recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational and performance vehicles.

Joseph P. Boutross
LKQ Corporation
Vice President, Investor Relations
(312) 621-2793
[email protected]



IZEA Awarded Seven-Figure Influencer Marketing Contract by Fortune 100 Retailer

Orlando, Florida, Jan. 12, 2021 (GLOBE NEWSWIRE) — IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of influencer marketing technology, data, and services for the world’s leading brands, today announced that the company was awarded a seven-figure contract from a Fortune 100 Retailer this week. The retailer is a repeat customer who has expanded its influencer marketing spend with IZEA through 2021. The contract includes both managed services and licensing of IZEA’s BrandGraph software. The award of the new contract follows an announcement of new contracts from two Fortune 10 companies, and comes just one week after IZEA reported that its Managed Services bookings increased 48% in Q4 of 2020, as compared to Q4 2019.

These expanded agreements with existing customers, combined with a spike in new customer counts over the course of December, have driven strong managed services bookings growth in recent months. Managed services bookings in the first two weeks of January 2021 have now exceeded the total of January and February 2019 combined.

“I am incredibly proud of our team,” said Ted Murphy, IZEA’s Chairman and CEO. “When the pandemic first hit, our organization made a commitment to power through the challenges rather than pull back. We doubled down on innovation. We doubled down on marketing. We doubled down on white-glove customer service. Those efforts are now being reflected and rewarded with an expansion of bookings in our managed service business as well as an increasing customer count in our SaaS business. I appreciate the hard work of Team IZEA and their efforts to start the year with swagger and momentum.”

About IZEA Worldwide, Inc.

IZEA Worldwide, Inc. (“IZEA”) operates IZEAx, the premier online marketplace that connects marketers with content creators. IZEAx automates influencer marketing and custom content development, allowing brands and agencies to scale their marketing programs. IZEA creators include celebrities and accredited journalists. Creators are compensated for producing unique content such as long and short form text, videos, photos, status updates, and illustrations for marketers or distributing such content on behalf of marketers through their personal websites, blogs, and social media channels. Marketers receive influential content and engaging, shareable stories that drive awareness. For more information about IZEA, visit https://izea.com/.

Safe Harbor Statement

All statements in this release that are not based on historical fact are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “may,” “will,” “would,” “could,” “should,” “expect,” “anticipate,” “hope,” “estimate,” “believe,” “intend,” “likely,” “projects,” “plans,” “pursue,” “strategy” or “future,” or the negative of these words or other words or expressions of similar meaning.  Examples of forward-looking statements include, among others, statements we make regarding expectations concerning IZEA’s ability to increase revenue and bookings, growth or maintenance of customer relationships, and expectations concerning IZEA’s business strategy. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including, among others, the following: competitive conditions in the content and social sponsorship segment in which IZEA operates; failure to popularize one or more of the marketplace platforms of IZEA; our ability to establish effective disclosure controls and procedures and internal control over financial reporting; our ability to satisfy the requirements for continued listing of our common stock on the Nasdaq Capital Market; changing economic conditions that are less favorable than expected; and other risks and uncertainties described in IZEA’s periodic reports filed with the Securities and Exchange Commission. The forward-looking statements made in this release speak only as of the date of this release, and IZEA assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.



Martin Smith
IZEA Worldwide, Inc.
Phone: 407-674-6911
Email: [email protected]

Rapid Micro Biosystems Hires Chief Operating Officer

LOWELL, Mass., Jan. 12, 2021 (GLOBE NEWSWIRE) — Rapid Micro Biosystems, the leading provider of automated, non-destructive, rapid microbial detection, is pleased to announce the appointment of John Wilson as Chief Operating Officer reporting directly to the company’s CEO, Robert Spignesi.

In this newly created role, John will be responsible for quality, supply chain and manufacturing operations. He brings over 20 years of progressive operations experience to RMB from Medtronic and Becton Dickinson. He joins us from Becton Dickinson where he was the Vice President Operations, Biosciences Division.  John has held multiple leadership positions in quality, operational excellence, global operations, product development and direct day-to-day plant management activities.  “I am excited to welcome John to our executive leadership team,” said Mr. Spignesi. “He brings extensive experience in operations strategy, driving manufacturing and supply chain efficiencies and developing new methodologies to connect quality and product development with a focus on the customer. John will be essential in helping us expand our operational capabilities globally and deliver our Growth Direct™ systems and consumables to leading BioPharma companies around the world.”

“I am extremely pleased to be joining Rapid Micro Biosystems at such a critical time in the Company’s growth trajectory. I am very impressed with our offering and the opportunity we have in front of us, to make a tremendous impact in this very important space. I look forward to helping to grow the Company’s execution capabilities to allow us to continue to deliver on this promise,” said Mr. Wilson. “I am excited to work with the leadership team and the employees to build scalable processes to support our rapid global growth and to actively and broadly engage our employees in bringing these important capabilities to our customers.”

John has served his country in the United States Army.  He holds an BSBM from University of Phoenix and an MBA from University of San Francisco.

About Rapid Micro Biosystems

Rapid Micro Biosystems (RMB) creates, sells, validates and services innovative products for fast, accurate, and efficient detection of microbial contamination in the manufacture of pharmaceuticals, biologics, biotechnology products, medical devices, and personal care products. The company’s Growth Direct™—the first and only growth-based system to automate rapid compendial QC Micro testing—ensures data integrity, compliance, and operational efficiencies driven by rapid methods and automation. RMB is dedicated to providing groundbreaking technology and products to support companies in their journey to achieve greater reliability, efficiency, and better predictability, ultimately providing higher quality products for improved patient outcomes. For more information, visit www.rapidmicrobio.com. Follow RMB at @rapidmicrobio or LinkedIn.

Contact(s)

Courtney Makolandra
Rapid Micro Biosystems
[email protected] 
978.349.3200



Bow River Capital Closes Third Opportunity Zone Fund with Salt Lake City Investment

DENVER, Jan. 12, 2021 (GLOBE NEWSWIRE) — Bow River Capital, a Denver-based private alternative asset management firm, announced today the successful close of its third Opportunity Zone Fund (“the Fund”) consisting of two adjacent, Class-A apartment building developments in downtown Salt Lake City. Total capital raised for the Fund was $39.6 million. Bow River Capital is a leader in the Opportunity Zone market having made its first investment in early 2019.

“We are excited to increase our commitment and investment in Salt Lake City with this second acquisition,” said Nick Koncilja, Managing Director of Bow River Capital. “Given our positive view of Salt Lake City and the surrounding region, we intend to have a long-term presence in the market.”

Bow River Capital, alongside its development partners Hamilton Partners and DB Urban Communities, strategically acquired the two neighboring sites situated on the hard corners of 500 West and 200 South, which is located five blocks west of the heart of downtown Salt Lake City, an area poised for significant growth. Salt Lake City represents an attractive location for this project due to its strong population growth, low vacancy, and young and highly educated employment base. It also offers its residents a desirable lifestyle, relative affordability, and a diverse economy.

The total project will consist of 400 units across two differentiated product types. The first building, named “Cinq.”, will consist of 200 units encompassing a historic warehouse on 1.24 acres and will include direct frontage along the Old Greektown light rail station. The second building, “Rio”, will be developed into a seven-story structure totaling 200 units, on a 1.17 acre site. This site is directly across from the Gateway development, which was originally built for the 2002 Olympics in Salt Lake City and is now a desirable employment and entertainment district.

If you have questions about the opportunity zone program or the investments Bow River has made to date, please contact Nick Koncilja at (720) 573-8078 or [email protected].

About Bow River Capital

Bow River Capital is a private alternative asset management company based in Denver, Colorado, focused on investing in the lower middle market in three asset classes, including private equity, real estate, and software growth equity. For more information about Bow River, please visit www.bowrivercapital.com.

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/006d0db9-a01a-402d-b909-84ecf2df8a59



Media Contact:

Jane Ingalls
[email protected]
303-809-5986

AMMO, Inc. Provides 4th Quarter Fiscal Year 2021 Guidance Reflecting a 317% Year-Over-Year Revenue Increase

SCOTTSDALE, Ariz., Jan. 12, 2021 (GLOBE NEWSWIRE) — AMMO, Inc. (Nasdaq: POWW ) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, is pleased to provide guidance for its 4th quarter for the 2021 Fiscal Year. 

The Company is providing revenue guidance of approximately $20 million for the 4th quarter of fiscal year 2021. This is the fourth straight quarter of year-over-year triple digit growth. AMMO’s 4th quarter guidance represents an estimated 317% year-over-year increase compared to $4.8 million in revenue for the 4th quarter of fiscal 2020 – an approximate 21% increase in revenue when compared to $16.5 million in the 3rd quarter of fiscal 2021. Total revenue guidance for fiscal 2021 increases to approximately $58.2 million with this 4th quarter guidance, an estimated 293% increase over fiscal 2020.

“The Company expects market demand to continue to increase given the recent outcome of the U.S. Senate elections in Georgia, the resulting political uncertainty and impact upon the ammunition and gun industry. We have strategically invested to meet this demand, while positioning the Company in a diversified manner to address end-user needs within the military, law enforcement and export market segments,” said Fred Wagenhals, AMMO’s Chairman and CEO. “These efforts will keep us on track to increase our positive adjusted EBITDA in the fiscal 4th quarter as we maintain our focus on driving sales of our higher margin product offerings, contributing to our third straight quarter of adjusted EBITDA growth.”

About AMMO, Inc.

With its corporate offices headquartered in Scottsdale, Arizona. AMMO, Inc. (the “Company and/or AMMO”) designs and manufactures products for a variety of aptitudes, including law enforcement, military, sport shooting and self-defense. The Company was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry. AMMO promotes branded munitions as well as its patented STREAK Visual Ammunition, /stelTH/subsonic munitions, and armor piercing rounds for military use. For more information please visit: www.ammo-inc.com.

Forward Looking Statements

This document contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies, goals and objectives of management for future operations; any statements concerning proposed new products and services or developments thereof; any statements regarding future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.

Forward looking statements may include the words “may,” “could,” “estimate,” “intend,” “continue,” “believe,” “expect” or “anticipate” or other similar words, or the negative thereof. These forward-looking statements present our estimates and assumptions only as of the date of this report. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. We do not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the dates they are made. You should, however, consult further disclosures and risk factors we include in Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Reports filed on Form 8-K.

Investor Contact:

Rob Wiley, CFO
AMMO, Inc.
Phone: (480) 947-0001
[email protected]



Intelligent Technology Reduces Fossil Fuel Emissions by 99% for Institutions and Households

The British-Mongolian startup’s award-winning innovation enables near zero emission fossil fueled heat and industry

LONDON, United Kingdom and ULAANBAATAR, Mongolia, Jan. 12, 2021 (GLOBE NEWSWIRE) — Intelligent Technology LLC today announced the British-Mongolian cleantech startup has developed an ultra-efficient emission reduction device with electrostatic technology called Pollution Hunter that dramatically reduces fossil-fuel emissions to near-zero for institutions, households, buildings, districts, and trains.

Intelligent’s patented device has been honored The Energy Industry Innovation of the Year by the Stevie® Awards organized by Stevie Awards, Inc based in the USA as Intelligent joined Apple (2012) and Tesla (2011) among other past winners of the world’s premier business awards.

“Users of our innovation can minimize their impact on the air immediately without having to build expensive new infrastructure or switch fuel,” the company said.

Pollution Hunter prevents 99.3% of PM2.5, PM10 air polluting emissions composed of over 40 toxic substances including CO2, SO2, NOx, CH4 from entering the outdoor air out of coal, gas, diesel, and wood-fired boilers, furnaces, and stoves, according to the results from independent performance tests conducted by Swiss global testing firm SGS and Mongolian University of Science and Technology.

The tube-shaped device electrically charges air polluting emissions in a physics process known as ionization which allows it to efficiently attract the charged pollutants, unlike filters which mechanically block pollutants.

Intelligent demonstrated its innovation in a pilot project in Ulaanbaatar, where the company installed Pollution Hunter devices on existing air-polluting boilers and turned them into ultra-low-carbon heaters with near-zero-emission under two micrograms per cubic meter (µg/m3), which was far below the WHO limit of 10 µg/m3 for PM2.5 pollutants.

The Stevie® Awards Judges praised

“This could be the fastest and most cost-effective solution to air pollution”.

“Pollution Hunter is a much-needed technology for both developed and developing nations as it cuts both gas and coal emissions.”

“Electrostatic precipitation is a well-known technique for air pollution prevention in the power sector. Intelligent made it available for widespread use so other users could prevent air pollution too.”
            
About Intelligent Technology
Intelligent Technology is a British-Mongolian cleantech startup applying its expertise in physics, electronics, electrical engineering, and computer science to decarbonize fossil-fueled heat and industry. To learn more about Intelligent Technology visit www.intelligent.company.

Contact

Batzolboo Bayar
Director of Communications
+976-99002894  
[email protected] 



DENSO Selects New North American CEO, Announces Organization Changes

Leadership moves, organization restructuring increases DENSO’s flexibility and quickens decision-making

SOUTHFIELD, Mich., Jan. 12, 2021 (GLOBE NEWSWIRE) — DENSO, a leading mobility supplier, today announced changes to its North American executive personnel as part of organizational updates made recently by the company’s global headquarters in Japan. The changes took effect Jan. 1, 2021.

New North American CEO

DENSO has named Seiji Maeda CEO of DENSO’s North American operations. He also is a senior director at DENSO Corporation.

Prior to this post, Maeda was the head of DENSO’s Motor Business Unit in Japan, a role he began in 2018. From 2012-2017, he held such positions as director of Corporate Planning, general manager of Electronics Business Planning and general manager of Thermal Systems Business Planning. Before those roles, Maeda spent nearly five years at DENSO’s thermal manufacturing facility in Battle Creek, Michigan, working in the Business Planning division. He first joined DENSO as part of the Thermal Systems Business Planning division at the global headquarters after graduating from Nagoya University with a bachelor’s degree in law.

Kenichiro Ito, a senior executive officer of DENSO Corporation and the previous CEO of DENSO’s North American operations, has returned to the company’s global headquarters, where he will lead the General Administration and Human Resources Center as its chief human resources officer. Ito helmed DENSO’s North American operations for nearly five years, playing a key role in its implementation of DENSO’s Second Founding, the company’s strategy to enrich mobility and meet the automotive industry’s evolving needs.

North American Engineering Restructures

DENSO has reorganized its North American Engineering Division to strengthen the group’s support of DENSO’s manufacturing operations and customers, as well as increase the company’s competitiveness in Research and Development (R&D). The division has been divided into two units:

  • Design and Engineering – Led by Pat Bassett, a senior vice president, the department will support DENSO’s business units and manufacturing activities by standardizing approaches and resources across the region, helping increase organizational efficiency.
  • R&D—Led by Shinichiro Nakamura, a senior vice president, the department will spearhead innovation efforts in connectivity and mobility R&D. In this position, Nakamura will primarily work on mid- and long-term product and technology development, collaborating closely with DENSO engineering teams worldwide.

Kazuoki Matsugatani, a senior director, has returned to DENSO’s global headquarters, to lead Global R&D, as well as the Engineering Development Promotion Division, the Intellectual Property Division, the Design Division, the Product Design Key Technology R&D Division and serve as Deputy Head of the IT Digital Center.

Sergio Pujols has been promoted to vice president of the Thermal Management Unit in North America, overseeing engine cooling module and heat pump application design, thermal management R&D, compressor development and engineering planning.

Rick Smith, previously the vice president of the Thermal Management Unit, has moved to an advisory position.

New DENSO Mexico President

DENSO Manufacturing Mexico has welcomed a new president, Hiromasa Hakamada. Hakamada joined DENSO in April 1991 and has served as director of Production Control.

Mitsuru Kato, the previous president of the location, has returned to DENSO’s global headquarters, where he has been promoted to senior director and joined the CEO Division.

Reborn 21

DENSO has made all of these changes in support of Reborn 21, the company initiative to revolutionize its operations, provide new value to society and customers, and reaffirm its focus on quality. By the end of March 2021, DENSO will use this strategy to recommit to its foundational pillars of “green” (environmentally friendly) and “peace of mind” (safer world for all) and transition to a leaner and more robust corporate structure.

About DENSO

DENSO is a $47.6 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 200 facilities to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company’s 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.9 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2020. For more information about global DENSO, visit https://www.denso.com/global.

In North America, DENSO is headquartered in Southfield, Michigan, and employs 27,000+ engineers, researchers and skilled workers across 51 sites in the U.S, Canada and Mexico. In the United States alone, DENSO employs 17,700+ employees across 14 states (and the District of Columbia) and 41 sites. In fiscal year ending March 31, 2020, DENSO in North America generated $10.9 billion in consolidated sales. DENSO is committed to advancing diversity and inclusion inside the company and beyond – a principle that brings unique perspectives together, bolsters innovation and pushes DENSO forward. Join us, and craft not only how the world moves, but also your career: densocareers.com. For more information, go to https://www.denso.com/us-ca/en/.

Contact: Andrew Rickerman
DENSO International America, Inc.
(734) 560-8752
[email protected]