Market Newsdesk

FBL Financial Group Declares Quarterly Dividend

WEST DES MOINES, Iowa–(BUSINESS WIRE)–FBL Financial Group, Inc. (NYSE: FFG) today announces that its Board of Directors declared a quarterly cash dividend of $0.50 per share to owners of Class A and Class B common stock. The dividend will be payable on December 31, 2020 to shareholders of record as of December 15, 2020.

FBL Financial Group is a holding company with the purpose to protect livelihoods and futures. Operating under the consumer brand name Farm Bureau Financial Services, its affiliates offer a broad range of life insurance, annuity and investment products distributed by multiline exclusive Farm Bureau agents. Helping complete the financial services offering, advisors offer wealth management and financial planning services. In addition, FBL Financial Group manages all aspects of two Farm Bureau affiliated property-casualty insurance companies for a management fee. Headquartered in West Des Moines, Iowa, FBL Financial Group is traded on the New York Stock Exchange under the symbol FFG. For more information, please visit www.fblfinancial.com and www.fbfs.com.

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Investor Relations Contact

Kathleen Till Stange, Vice President Corporate & Investor Relations

(515) 226-6780, [email protected]

KEYWORDS: Iowa United States North America

INDUSTRY KEYWORDS: Banking Professional Services Insurance Finance

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USA Technologies Announces Rebrand to Cantaloupe

New Name Better Aligns with Company’s New Vision, Mission and Values

MALVERN, Pa.–(BUSINESS WIRE)–USA Technologies, Inc. (OTC: USAT) (“USAT”), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that it will transition its corporate identity to exclusively operate under the name Cantaloupe, Inc. The Nasdaq ticker symbol will change when the official launch is announced.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201118006071/en/

“This is a major milestone for us, as Cantaloupe already has built great equity in the industry, strong customer loyalty and communicates our vision to become the leading hardware and software platform for a contactless economy,” said Sean Feeney, chief executive officer, USA Technologies. “As a leader in the unattended and self-serve retail markets, the adoption of the new brand and graphic puts our company in a great position to better compete in the growing global market and delivers on our mission to help the world buy it and go.

The Cantaloupe launch signals a fresh vision and approach to the market, our stakeholders and shareholders. The brand’s unveiling in 2021 will be the culmination of an extensive rebranding effort that reflects the Company’s evolution into software and Platform as a Service (PaaS), its path toward strategic growth and renewed corporate strategy. The rebrand will also include a new logo and updated website, which will reflect the Company’s new vision, mission and values, better aligning to its true value proposition.

On the design level, the new Cantaloupe logo is a symbol that represents innovation, simplicity and differentiation through the use of the color orange, and the play on the letter “C” from the brand name. It combines five seed elements representing the strategic pillars of our values, goals and proprietary technology. Our company’s culture and passion for the customer is highlighted in our “People First, Dedicated to Customer Success, Always Do the Right Thing, the Right Way, Innovation at our Core, and Get It Done” mentality.

Cantaloupe is rooted in the Company’s commitment to deliver innovative solutions and the best customer service. The Company’s PaaS is a true end to end solution, designed to adapt to changing retail trends and market demands. It also represents the dynamic developments in payment systems, as the world moves to contactless solutions. It creates value for its customers as they acclimate to the industry’s changes, by helping them optimize their performance, modernize their operations and find new avenues for growth.

About USA Technologies, Inc.

USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market. USAT is transforming the unattended retail community by offering one integrated solution for payments processing, logistics, and back-office management. The company’s enterprise-wide platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising and customer loyalty programs, while providing retailers with control and visibility over their operations and inventory. As a result, customers ranging from vending machine companies, to operators of micro-markets, gas and car charging stations, laundromats, metered parking terminals, kiosks, amusements and more, can run their businesses more proactively, predictably, and competitively.

Forward-Looking Statements

All statements other than statements of historical fact included in this release, including without limitation the business strategy and the plans and objectives of USAT’s management for future operations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions, as they relate to USAT or its management, may identify forward-looking statements. Such forward-looking statements are based on the reasonable beliefs of USAT’s management, as well as assumptions made by and information currently available to USAT’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to the incurrence by USAT of any unanticipated or unusual non-operational expenses which would require us to divert our cash resources from achieving our business plan; the uncertainties associated with COVID-19, including its possible effects on USAT’s operations and the demand for USAT’s products and services; the ability of USAT to retain key customers from whom a significant portion of its revenues is derived; the ability of USAT to compete with its competitors to obtain market share; the ability of USAT to make available and successfully upgrade current customers to new standards and protocols; whether USAT’s existing or anticipated customers purchase, rent or utilize ePort or Seed devices or our other products or services in the future at levels currently anticipated by USAT; or other risks discussed in USAT’s filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release speaks only as of the date of this release. Unless required by law, USAT does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events. If USAT updates one or more forward-looking statements, no inference should be drawn that USAT will make additional updates with respect to those or other forward-looking statements.

— G-USAT

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Media and Investor Relations Contact:

Alicia V. Nieva-Woodgate

USA Technologies

+1 720.445.4220

[email protected]

Investor Relations:

ICR, Inc.

[email protected]

KEYWORDS: Pennsylvania United States North America

INDUSTRY KEYWORDS: Software Other Retail Hardware Advertising Data Management Communications Technology Retail

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New Cantaloupe, Inc. logo

VMware to Present at the Credit Suisse 24th Annual Technology Conference

PALO ALTO, Calif.–(BUSINESS WIRE)–
VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today announced that Sanjay Poonen, VMware’s chief operating officer, customer operations will present at the Credit Suisse 24th Annual Technology Conference on Tuesday, December 1, 2020 at 12:20 p.m. PT/ 3:20 p.m. ET.

A live webcast will be available on VMware’s Investor Relations page at http://ir.vmware.com. The replay of the webcast will be available for two months.

About VMware

VMware software powers the world’s complex digital infrastructure. The company’s cloud, app modernization, networking, security, and digital workspace offerings help customers deliver any application on any cloud across any device. Headquartered in Palo Alto, California, VMware is committed to being a force for good, from its breakthrough technology innovations to its global impact. For more information, please visit https://www.vmware.com/company.html

Additional Information

VMware’s website is located at www.vmware.com, and its investor relations website is located at http://ir.vmware.com. VMware’s goal is to maintain the investor relations website as a portal through which investors can easily find or navigate to pertinent information about VMware, all of which is made available free of charge. The additional information includes materials that VMware files with the SEC; announcements of investor conferences and events at which its executives talk about VMware’s products, services and competitive strategies; webcasts of our quarterly earnings calls, investor conferences and events (archives of which are also available for a limited time); additional information on VMware’s financial metrics, including reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures; press releases on quarterly earnings, product and service announcements, legal developments and international news; corporate governance information; and other news, blogs and announcements that VMware may post from time to time that investors may find useful or interesting.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201118006067/en/

Sandra Kerrigan

VMware Investor Relations

[email protected]

Michael Thacker

VMware Global Communications

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Telecommunications Software Networks Data Management Technology Mobile/Wireless Other Technology Security

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Guidewire Congratulates 2020 Innovation Award Winners – ConTe.it, IAG, Wawanesa, and WSIB

Honoring those companies that have best demonstrated innovation leading to business and IT benefits experienced through the use of Guidewire

SAN MATEO, Calif.–(BUSINESS WIRE)–
Guidewire Software, Inc. (NYSE: GWRE), the platform P&C insurers trust to engage, innovate, and grow efficiently, congratulates the winners of its 2020 Innovation Awards: ConTe.it, Insurance Australia Group (IAG), the Wawanesa Mutual Insurance Company (Wawanesa) with Capgemini, and The Workplace Safety and Insurance Board (WSIB). In its fourteenth year, this year’s awards honor Guidewire customers that are adapting to an accelerating pace of industry change and evolving customer needs in innovative ways. Winners were announced during Connections Reimagined, Guidewire’s annual customer conference reimagined as a virtual event.

The 2020 winners are:

ConTe.it for leveraging Guidewire Digital to launch a channel for independent agents in less than 6 months.

ConTe.it sought to become a data-driven company, offering assistance, convenience, and protection to its customers, while running its business in a more digital way. At the same time, the company was also looking for additional distribution channels to help it keep up with its growth ambitions.

ConTe.it started its journey with Guidewire in February 2016 when it began its implementation of Guidewire PolicyCenter and BillingCenter. Shortly thereafter, the company selected Guidewire Digital as the best foundation for a platform dedicated to intermediaries (independent agents) given that it offered the capabilities the company required. ConTe.it was able to launch a product tailored to the needs of its intermediaries in less than six months due to the high quality of the project execution. To ensure the project progressed quickly, the team was divided into sub-teams, led by experts, with each sub-team working toward one of the five project pillars: sales management, brand and product positioning, user experience in sales application, claims management, and risk and analysis.

The project has enabled ConTe.it to expand into a new distribution channel, diversify its product offerings, and approach wider segments of customers.

ConTe.it has been an in-production PolicyCenter and BillingCenter customer since 2018, and an in-production Guidewire Digital customer since 2019.

For additional information on ConTe.it, visit www.conte.it.

IAG, Australia’s largest general insurer, utilizes AI and ClaimCenter powered innovation to help reimagine the motor total loss claim experience and help customers after a car accident.

IAG is using technology to help reduce the emotional impact of a car accident by providing customers with more certainty in the claims experience. IAG implemented Guidewire ClaimCenter to help improve the claims experience for customers and the team handling the claims process. In addition, the company launched a machine learning model built to identify a potential total loss vehicle at first notification of loss and help set and manage customer expectations from the outset.

With ClaimCenter and the machine learning model, IAG has improved claim cycle times to give its customers faster outcomes, reduced claims costs, and uplifted customer advocacy to improve retention and support sustainable growth. The technology has been rolled out on IAG’s brands including NRMA Insurance, SGIC and SGIO.

IAG has been an in-production ClaimCenter customer since 2012.

For additional information on IAG, visit www.iag.com.au.

Wawanesa for its Strategic Systems Renewal initiative, an enterprise-wide digital strategy that included multiple Guidewire implementations and is improving sales, distribution, and the overall insurance experience for customers and brokers.

Wawanesa embarked on its Guidewire journey, partnering with Capgemini and other local partners, and invested in digital technology to acquire the ability to launch new products and new services in all its regions, obtain real-time rating, and be able to go to market more quickly than before. The organization also needed the ability to take advantage of data-driven decision-making and better tailor the products offered to its customers. Wawanesa’s goal was to transform the way its brokers and customers interacted with the company, focusing on the experience for customers and broker partners.

After implementing the Guidewire platform, Wawanesa can now:

• Be more responsive to market changes, with 60-80 rate changes across the enterprise in a year, a notable improvement over the previous 12-15;

• Significantly reduce the use of paper and postage; and

• Enhance operational efficiencies resulting in increased levels of service to its policyholders and brokers.

For additional information on Wawanesa, visit www.wawanesa.com.

The WSIB for improving the experience for people with work related, noise-induced hearing loss, adjudicators, and health care providers by reducing the time it takes to make decisions on these types of claims.

The WSIB is always looking for ways to help modernize its services and make it easier for people to work with them. Noise-induced hearing loss claims present unique challenges because many people with these claims are often retired already or no longer working in the place where they received the injury. Adjudicating these claims can take months due to missing claim information.

Leveraging Guidewire ClaimCenter, DataHub, and InfoCenter, the WSIB has been able to give people a self-explanatory online option to make work related, noise-induced hearing loss claims, which allows the WSIB to gather all of the information needed in one form, simplifying the process. The online form will be available later this year.

Using Guidewire has also helped the organization drive operational efficiency and improve its overall customer experience. The foundation the WSIB is laying with Guidewire integrations will extend to other claim types and enable the growth of future digital capabilities.

The WSIB has been an in-production BillingCenter and PolicyCenter customer since 2014, an in-production ClaimCenter customer since 2015, and an in-production DataHub and InfoCenter customer since 2016.

For additional information on WSIB, visit www.wsib.ca.

“Congratulations to our Guidewire Innovation Award winners,” said Brian Desmond, chief marketing officer, Guidewire Software. “The entries were extremely impressive making it challenging for the awards panel to select the winners. We are inspired by the innovative ways in which our customers use Guidewire to make insurance more convenient for their policyholders and agents, launch new products quickly, and continuously improve operational efficiency.”

The Innovation Awards were given out at Connections Reimagined, Guidewire’s annual customer conference. Guidewire hosted its 16th annual user conference virtually, and Connections Reimagined provided a forum for more than 4,000 attendees – customers, partners, and Guidewire employees – to come together to learn, collaborate, and network. The informative and inspirational conference lineup included a keynote from Guidewire CEO Mike Rosenbaum on Guidewire’s vision and roadmap, a tour of Banff, Guidewire’s latest platform release, a thought-provoking keynote from guest speaker Steven Van Belleghem about trends that will shape tomorrow’s industry, an Innovation Showcase featuring Guidewire PartnerConnect partners, and many opportunities for insurers to learn from their peers’ digital transformation stories. The next Connections Reimagined will take place on March 9, 2021.

About Guidewire Software

Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. ​We combine digital, core, analytics, and AI to deliver our platform as a cloud service. More than 400 insurers, from new ventures to the largest and most complex in the world, run on Guidewire.

As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with 1,000+ successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization, and innovation.

For more information, please visit www.guidewire.com and follow us on Twitter: @Guidewire_PandC.

NOTE: For information about Guidewire’s trademarks, visit https://www.guidewire.com/legal-notices.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201118005991/en/

Melissa Cobb

Senior Public Relations Manager

Guidewire Software, Inc.

+1 (650) 464-1177

[email protected]

KEYWORDS: California New Zealand Australia North America Canada Europe Italy United States Australia/Oceania

INDUSTRY KEYWORDS: Data Management Technology Professional Services Security Other Technology Software Networks Internet Insurance Mobile/Wireless Hardware

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Andrea M. Walsh Elected to Electromed, Inc. Board of Directors

NEW PRAGUE, Minn.–(BUSINESS WIRE)–
Electromed, Inc. (“Electromed” or the “Company”) (NYSE American: ELMD), a leader in innovative airway clearance technologies, today announced that its shareholders have elected Andrea M. Walsh to serve as an additional director of the Company.

Since 2017, Ms. Walsh has served as President and CEO of HealthPartners, a Minnesota-based non-profit integrated health system caring for 1.2 million patients and providing health insurance and well-being support to 1.8 million health plan members. Previously, she served as its Executive Vice President and Chief Marketing Officer from 2002 to May 2017 and as its Senior Vice President and Corporate Counsel from 1994 to 1999. Ms. Walsh holds Business Administration and English degrees from the University of Kansas and a Juris Doctorate from the University of Minnesota Law School. She currently serves on the boards of directors of Constellation (a medical professional liability mutual insurance company), YMCA of the North, and the Amherst H. Wilder Foundation.

“Andrea Walsh is a dynamic, passionate leader who brings invaluable health care industry perspectives and knowledge to our Board,” said Steve Craney, Chairman of the Board. “Her experience as the top executive at one of the nation’s largest integrated health care organizations, as well as her insight into the user community of our devices, will be particularly beneficial as we build upon Electromed’s history of growth and profitability.”

Ms. Walsh added, “As a member of the Board, I look forward to contributing to Electromed’s evolution and growth, while helping advance the company’s mission of improving the lives of individuals with compromised pulmonary function. Electromed’s innovative SmartVest® Airway Clearance System and strong customer-service orientation provide an incredible foundation on which to build.”

About Electromed, Inc.

Electromed manufactures, markets, and sells products that provide airway clearance therapy, including the SmartVest^® Airway Clearance System, to patients with compromised pulmonary function. The Company is headquartered in New Prague, Minnesota and was founded in 1992. Further information about Electromed can be found at www.smartvest.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201118005789/en/

Electromed, Inc.

Kathleen Skarvan, President and Chief Executive Officer

(952) 758-9299

[email protected]

The Equity Group Inc.

Kalle Ahl, CFA

(212) 836-9614

[email protected]

Devin Sullivan

(212) 836-9608

[email protected]

KEYWORDS: Minnesota United States North America

INDUSTRY KEYWORDS: Surgery Medical Devices Hospitals Health Cardiology

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Mastercard to Participate in Upcoming Investor Conference

PURCHASE, N.Y.–(BUSINESS WIRE)–
Mastercard Incorporated (NYSE: MA) today announced that Sachin Mehra, chief financial officer, will present at the virtual Credit Suisse Technology Conference on Monday, November 30. The discussion will begin at 10:10 a.m. Eastern Time and last for approximately 40 minutes.

There will be a live audio webcast and a replay will be archived for 30 days at investor.mastercard.com.

About Mastercard Incorporated (NYSE: MA), www.mastercard.com

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201118006082/en/

Investor Relations: Gina Accordino, [email protected], 914-249-4565

Communications: Seth Eisen, [email protected], 914-249-3153

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Networks Finance Banking Professional Services Technology

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Arcus Biosciencesto Participate in the Evercore ISI 3^rd Annual HealthCONx Virtual Conference

HAYWARD, Calif.–(BUSINESS WIRE)–
Arcus Biosciences, Inc. (NYSE:RCUS), an oncology-focused biopharmaceutical company working to create best-in-class cancer therapies, today announced that management will present at the Evercore ISI 3^rd Annual HealthCONx Virtual Conference on Wednesday, December 2, 2020 at 10:30 a.m. Eastern Time.

A live audio webcast of the presentation will be available by visiting the “Investors” section of the Arcus website at www.arcusbio.com. A replay of the webcast will be available for at least two weeks following the live event.

About Arcus Biosciences

Arcus Biosciences is an oncology-focused biopharmaceutical company leveraging its deep cross-disciplinary expertise to create highly differentiated therapies and to develop a broad portfolio of novel combinations addressing significant unmet needs. Arcus currently has four molecules in clinical development: Etrumadenant (AB928), the first and only dual A_2a/A_2b adenosine receptor antagonist in the clinic, is being evaluated in multiple Phase 1b/2 studies across different indications, including prostate, colorectal, non-small cell lung, pancreatic and triple-negative breast cancers. AB680, the first small-molecule CD73 inhibitor in the clinic, is in Phase 1 development for first-line treatment of metastatic pancreatic cancer in combination with zimberelimab and gemcitabine/nab-paclitaxel. Domvanalimab (AB154), an anti-TIGIT monoclonal antibody and new potential immuno-oncology backbone therapy, is in a three-arm randomized Phase 2 study for first-line treatment of PD-L1-high metastatic non-small cell lung cancer evaluating zimberelimab monotherapy, domvanalimab with zimberelimab and domvanalimab plus AB928 with zimberelimab. Zimberelimab (AB122), Arcus’s anti-PD-1 monoclonal antibody, is also being evaluated in a Phase 1b study as monotherapy for cancers with no approved anti-PD-1 treatment options, and in various combinations across the portfolio. For more information about Arcus Biosciences, please visit www.arcusbio.com.

Source: Arcus Biosciences

View source version on businesswire.com: https://www.businesswire.com/news/home/20201118006044/en/

Katherine Bock

VP Investor Relations & Corporate Strategy

(510) 694-6231

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Biotechnology Pharmaceutical Health Oncology

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