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AB Announces October 31, 2020 Assets Under Management

PR Newswire

NEW YORK, Nov. 11, 2020 /PRNewswire/ — AllianceBernstein L.P. (“AB”) and AllianceBernstein Holding L.P. (“AB Holding”) (NYSE: AB) today announced that preliminary assets under management decreased to $622 billion during October 2020 from $631 billion at the end of September. The 1.4% decrease was due primarily to market depreciation, and to a lesser extent, firmwide net outflows in each channel – Institutions, Retail, and Private Wealth. Institutional outflows reflected $2.6 billion in money market outflows, as well as $0.7 billion from AXA S.A. Year-to-date, AXA redemptions amounted to approximately $11.8 billion of the total expected redemptions of $14 billion.


AllianceBernstein L.P. (The Operating Partnership)


Assets Under Management ($ in Billions)


At October 31, 2020


At Sep 30


2020


Private


Institutions


Retail


Wealth


Total


Total


Equity

Actively Managed


$


51


$


91


$


45


$


187


$


189

Passive


24


31


1


56


58


Total Equity


75


122


46


243


247


Fixed Income

Taxable


152


82


15


249


253

Tax-Exempt


1


22


25


48


48

Passive


—


9


—


9


9


Total Fixed Income


153


113


40


306


310


Other(1)


56


6


11


73


74


Total


$


284


$


241


$


97


$


622


$


631


At September 30, 2020


Total


$


289


$


243


$


99


$


631


(1) Includes certain multi-asset services and solutions and certain alternative investments.

Cautions Regarding Forward-Looking Statements

Certain statements provided by management in this news release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. The most significant of these factors include, but are not limited to, the following: the performance of financial markets, the investment performance of sponsored investment products and separately-managed accounts, general economic conditions, industry trends, future acquisitions, integration of acquired companies, competitive conditions, and government regulations, including changes in tax regulations and rates and the manner in which the earnings of publicly-traded partnerships are taxed. AB cautions readers to carefully consider such factors. Further, such forward-looking statements speak only as of the date on which such statements are made; AB undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. For further information regarding these forward-looking statements and the factors that could cause actual results to differ, see “Risk Factors” and “Cautions Regarding Forward-Looking Statements” in AB’s Form 10-K for the year ended December 31, 2019 or subsequent Forms 10-Q. Any or all of the forward-looking statements made in this news release, Form 10-K, Form 10-Q, other documents AB files with or furnishes to the SEC and any other public statements issued by AB, may turn out to be wrong. It is important to remember that other factors besides those listed in “Risk Factors” and “Cautions Regarding Forward-Looking Statements”, and those listed above, could also adversely affect AB’s financial condition, results of operations and business prospects.

About AllianceBernstein

AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets.

As of September 30, 2020, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 35.5% of AllianceBernstein and Equitable Holdings, Inc. (“EQH”), directly and through various subsidiaries, owned an approximate 65.3% economic interest in AllianceBernstein.

Additional information about AB may be found on our website, www.alliancebernstein.com.

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SOURCE AllianceBernstein

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Lexington Realty Trust Announces Sale Of Dow Chemical Office Property

NEW YORK, Nov. 11, 2020 (GLOBE NEWSWIRE) — Lexington Realty Trust (NYSE:LXP) (“Lexington”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that it sold its interest in the Lake Jackson, Texas office property leased to Dow Chemical for $192 million, including the assumption by the buyer of the first mortgage loan secured by the property, which had an unpaid principal balance of $179 million. In connection with the sale, Lexington anticipates it will recognize a $57 million gain on the sale.

In addition, Lexington acquired a 201,784 square foot warehouse/distribution facility on 48 acres in a logistics submarket of Phoenix, Arizona for $88 million. The facility is 100% leased to a leading e-commerce company through March 2033.

ABOUT LEXINGTON REALTY TRUST

Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions, development projects and other transactions, including acquisitions. For more information or to follow Lexington on social media, visit www.lxp.com.

Contact:
Investor or Media Inquiries for Lexington Realty Trust:
Beth Boulerice, Chief Financial Officer
Lexington Realty Trust
Phone: (212) 692-7200 E-mail: [email protected]

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AWS Announces AWS Glue DataBrew

AWS Announces AWS Glue DataBrew

New visual data preparation tool for AWS Glue enables data scientists and data analysts to clean and normalize data up to 80% faster than traditional approaches to data preparation

NTT DOCOMO, bp, and INVISTA among customers using AWS Glue DataBrew

SEATTLE–(BUSINESS WIRE)–
Today, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ:AMZN) announced the general availability of AWS Glue DataBrew, a new visual data preparation tool that enables customers to clean and normalize data without writing code. Since 2016, data engineers have used AWS Glue to create, run, and monitor extract, transform, and load (ETL) jobs. AWS Glue provides both code-based and visual interfaces, and has dramatically simplified extracting, orchestrating, and loading data in the cloud for customers. Data analysts and data scientists have wanted an easier way to clean and transform this data, and that’s what DataBrew delivers, with a service that allows data exploration and experimentation directly from AWS data lakes, data warehouses, and databases without writing code. AWS Glue DataBrew offers customers over 250 pre-built transformations to automate data preparation tasks (e.g. filtering anomalies, standardizing formats, and correcting invalid values) that would otherwise require days or weeks writing hand-coded transformations. Once the data is prepared, customers can immediately start using it with AWS and third-party analytics and machine learning services to query the data and train machine learning models. There are no upfront commitments or costs to use AWS Glue DataBrew, and customers only pay for creating and running transformations on datasets. To get started, visit https://aws.amazon.com/glue/features/databrew.

Preparing data for analytics and machine learning involves several necessary and time-consuming tasks, including data extraction, cleaning, normalization, loading, and the orchestration of ETL workflows at scale. For extracting, orchestrating, and loading data at scale, data engineers and ETL developers skilled in SQL or programming languages like Python or Scala can use AWS Glue. ETL developers often prefer the visual interfaces common in modern ETL tools over writing SQL, Python, or Scala, so AWS recently introduced AWS Glue Studio, a new visual interface to help author, run, and monitor ETL jobs without having to write any code. Once the data has been reliably moved, the underlying data still needs to be cleaned and normalized by data analysts and data scientists that operate in the lines of business and understand the context of the data. To clean and normalize the data, data analysts and data scientists have to either work with small batches of the data in Excel or Jupyter Notebooks, which cannot accommodate large data sets, or rely on scarce data engineers and ETL developers to write custom code to perform cleaning and normalization transformations. In an effort to spot anomalies in the data, highly skilled data engineers and ETL developers spend days or weeks writing custom workflows to pull data from different sources, then pivot, transpose, and slice the data multiple times, before they can iterate with data analysts or data scientists to identify and fix data quality issues. After they have developed these transformations, data engineers and ETL developers still need to schedule the custom workflows to run on an ongoing basis, so new incoming data can automatically be cleaned and normalized. Each time a data analyst or data scientist wants to change or add a transformation, the data engineers and ETL developers need to extract, load, clean, normalize, and orchestrate the data preparation tasks over again. This iterative process can take several weeks to months to complete; and as a result, customers spend as much as 80% of their time cleaning and normalizing data instead of actually analyzing the data and extracting value from it.

AWS Glue DataBrew is a visual data preparation tool for AWS Glue that allows data analysts and data scientists to clean and transform data with an interactive, point-and-click visual interface, without writing any code. With AWS Glue DataBrew end users can easily access and visually explore any amount of data across their organization directly from their Amazon Simple Storage Service (S3) data lake, Amazon Redshift data warehouse, and Amazon Aurora and Amazon Relational Database Service (RDS) databases. Customers can choose from over 250 built-in functions to combine, pivot, and transpose the data without writing code. AWS Glue DataBrew recommends data cleaning and normalization steps like filtering anomalies, normalizing data to standard date and time values, generating aggregates for analyses, and correcting invalid, misclassified, or duplicative data. For complex tasks like converting words to a common base or root word (e.g. converting “yearly” and “yearlong” to “year”), AWS Glue DataBrew also provides transformations that use advanced machine learning techniques like Natural Language Processing (NLP). Users can then save these cleaning and normalization steps into a workflow (called a recipe) and apply them automatically to future incoming data. If changes need to be made to the workflow, data analysts and data scientists simply update the cleaning and normalization steps in the recipe, and they are automatically applied to new data as it arrives. AWS Glue DataBrew publishes the prepared data to Amazon S3, which makes it easy for customers to immediately use it in analytics and machine learning. AWS Glue DataBrew is serverless and fully managed, so customers never need to configure, provision, or manage any compute resources.

“AWS customers are using data for analytics and machine learning at an unprecedented pace. However, these customers regularly tell us that their teams spend too much time on the undifferentiated, repetitive, and mundane tasks associated with data preparation,” said Raju Gulabani, VP of Database and Analytics, AWS. “Customers love the scalability and flexibility of code-based data preparation services like AWS Glue, but they could also benefit from allowing business users, data analysts, and data scientists to visually explore and experiment with data independently, without writing code. AWS Glue DataBrew features an easy-to-use visual interface that helps data analysts and data scientists of all technical levels understand, combine, clean, and transform data.”

AWS Glue DataBrew is generally available today in US East (N. Virginia), US East (Ohio), US West (Oregon), EU (Ireland), EU (Frankfurt), Asia Pacific (Sydney), and Asia Pacific (Tokyo), with availability in additional regions coming soon.

Tokyo-based NTT DOCOMO is the largest mobile service provider in Japan, serving more than 80 million customers. “Our analysts profile and query various kinds of structured and unstructured data in order to better understand usage patterns,” said Takashi Ito, General Manager of Marketing Platform Planning Department, NTT DOCOMO. “AWS Glue DataBrew provides a visual interface that enables both our technical and non-technical users to analyze data quickly and easily. Its advanced data profiling capability helps us better understand our data and monitor the data quality. AWS Glue DataBrew and other AWS analytics services have allowed us to streamline our workflow and increase productivity.”

bp is one of the world’s largest integrated energy companies. “A data lake is a critical part of our analytics strategy. One of the challenges we face is not being able to easily explore data before ingestion into our data lake,” said John Maio, Director, Data & Analytics Platforms Architecture, bp. “AWS Glue DataBrew has sophisticated data profiling functionality and a rich set of built-in transformations. This enables our data engineers to easily explore new datasets in a visual interface and make modifications in order to optimize ingestion and allow analysts to shape the data for their analytics solutions. We see AWS Glue DataBrew as a way to help us better manage our data platform and improve efficiencies in our data pipelines.”

INVISTA, a subsidiary of Koch Industries, is one of the world’s largest integrated producers of chemical intermediates, polymers, and fibers. “Data is critical to optimizing our manufacturing processes. One of the challenges we face is ensuring we have a clean data lake that can serve as the source of truth for our analytics and machine learning applications,” said Tanner Gonzalez, Analytics and Cloud leader, INVISTA. “The data ingested into our data lake often contains duplicate values, incorrect formatting and other imperfections that make it difficult to use in its raw form. Amazon AWS Glue DataBrew will allow our data analysts to visually inspect large data sets, clean and enrich data, and perform advanced transformations. AWS Glue DataBrew will empower our analysts and data scientists to perform advanced data engineering activities, giving them the freedom to explore their data and decreasing the time to derive new insights.”

About Amazon Web Services

For 14 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud platform. AWS offers over 175 fully featured services for compute, storage, databases, networking, analytics, robotics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 77 Availability Zones (AZs) within 24 geographic regions, with announced plans for 15 more Availability Zones and five more AWS Regions in India, Indonesia, Japan, Spain, and Switzerland. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about and follow @AmazonNews.

Amazon.com, Inc.

Media Hotline

[email protected]

www.amazon.com/pr

KEYWORDS: United States North America Washington

INDUSTRY KEYWORDS: Data Management Security Technology Software Networks Internet

MEDIA:

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EnerSys Announces Quarterly Dividend

READING, Pa., Nov. 11, 2020 (GLOBE NEWSWIRE) — EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today that its Board of Directors has declared a quarterly cash dividend of $0.175 per share of common stock payable on December 31, 2020, to holders of record as of December 18, 2020.

For more information, contact Michael J. Schmidtlein, Chief Financial Officer, EnerSys, P.O. Box 14145, Reading, PA 19612-4145, USA. Tel: 610-236-4040 or by emailing [email protected]; Web site: www.enersys.com.

EDITOR’S NOTE: EnerSys, the global leader in stored energy solutions for industrial applications, manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. Energy Systems, which combine enclosures, power conversion, power distribution and energy storage, are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Motive power batteries and chargers are utilized in electric forklift trucks and other industrial electric powered vehicles. Specialty batteries are used in aerospace and defense applications, large over-the-road trucks, premium automotive, medical and security systems applications. EnerSys also provides aftermarket and customer support services to its customers in over 100 countries through its sales and manufacturing locations around the world. With the recent NorthStar acquisition, EnerSys has solidified its position as the market leader for premium Thin Plate Pure Lead batteries which are sold across all three lines of business.

More information regarding EnerSys can be found at www.enersys.com.

Caution Concerning Forward-Looking Statements
    
This press release, and oral statements made regarding the subjects of this release, contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, or the Reform Act, which may include, but are not limited to, statements regarding EnerSys’ earnings estimates, intention to return capital to stockholders, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts, including statements identified by words such as “believe,” “plan,” “seek,” “expect,” “intend,” “estimate,” “anticipate,” “will,” and similar expressions. All statements addressing operating performance, events, or developments that EnerSys expects or anticipates will occur in the future, including statements relating to sales growth, earnings or earnings per share growth, its intention to pay quarterly cash dividends and return capital to stockholders, execution of its stock repurchase program, and market share, as well as statements expressing optimism or pessimism about future operating results or benefits from either its cash dividend or its stock repurchase programs, are forward-looking statements within the meaning of the Reform Act. The forward-looking statements are based on management’s current views and assumptions regarding future events and operating performance, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies and changes in circumstances, many of which are beyond EnerSys’ control. The statements in this press release are made as of the date of this press release, even if subsequently made available by EnerSys on its website or otherwise. EnerSys does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.

Although EnerSys does not make forward-looking statements unless it believes it has a reasonable basis for doing so, EnerSys cannot guarantee their accuracy. For a list of other factors which could affect EnerSys’ results, including earnings estimates, see EnerSys’ filings with the Securities and Exchange Commission, including “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations,” including “Forward-Looking Statements,” set forth in EnerSys’ Annual Report on Form 10-K for the fiscal year ended March 31, 2020. The foregoing factors, among others, could cause actual results to differ materially from those described in these forward-looking statements. No undue reliance should be placed on any forward-looking statements.

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OneSpan Appoints Alfred Nietzel, Former Software Company CFO, to Board of Directors

OneSpan Appoints Alfred Nietzel, Former Software Company CFO, to Board of Directors

Former CDK Global CFO brings decades of financial experience to OneSpan Board

CHICAGO–(BUSINESS WIRE)–
OneSpan™ Inc. (NASDAQ: OSPN), the global leader in securing remote banking transactions, today announced its Board of Directors has appointed Alfred “Al” Nietzel as a new independent director, effective November 11, 2020. Mr. Nietzel has also been named as a member of the Company’s Audit and Finance & Strategy Committees.

Mr. Nietzel is a former public company chief financial officer with extensive domestic and international financial experience in multiple industries, including in the software and SaaS sectors. Mr. Nietzel led the financial execution of the $2B+ spinoff of ADP’s Dealer Services unit to create CDK Global, Inc., a leading provider of software and information technology solutions for the automotive retail industry, as a stand-alone public company, and served as its CFO until his retirement in 2017.

OneSpan’s Board has been active in Board refreshment in recent years. Mr. Nietzel joins four other new independent directors who have been added to the Board since June 2019 and have deep skills and experience in the areas of SaaS software, recurring revenue business models, capital allocation, innovation, product management, financial services, and mergers and acquisitions.

“OneSpan’s Board of Directors has further strengthened its financial and accounting acumen with the addition of Mr. Nietzel. This and other recent additions demonstrate the Board’s commitment to proactive Board refreshment, planning for future retirements and furthering the Company’s strategic objectives,” said OneSpan Board Chair, John N. Fox, Jr.

“The accelerating transition of consumers to digital channels will drive strong long-term demand for the solutions OneSpan is providing. The Company is well positioned for future growth based on its decades-long relationships with most of the world’s leading financial institutions in addition to large customers in government and healthcare,” stated Al Nietzel. “I am excited to join the Board and bring my financial experience and success in leading transformation for software and technology providers to the Company.”

About Alfred Nietzel

Mr. Nietzel is a board member of Cerence Inc., a global cloud software company that provides AI-powered assistants and innovations for connected and autonomous vehicles, as well as Baxter Credit Union, one of the largest credit unions in the United States. He has served in executive finance roles for 16 years including most recently as Chief Financial Officer of CDK Global, Inc., a leading provider of software and information technology solutions to the automotive retail sector, from 2014 to 2017. Prior to that, he was with Automatic Data Processing, Inc. since 2001 and served as Chief Financial Officer for the Dealer Services Division, Chief Financial Officer for the Employer Services Division and ADP’s Corporate Controller. Prior to joining ADP, Mr. Nietzel served for 17 years with Proctor & Gamble Inc. in numerous financial management roles.

About OneSpan

OneSpan helps protect the world from digital fraud by establishing trust in people’s identities, the devices they use and the transactions they carry out. We do this by making digital banking accessible, secure, easy and valuable. OneSpan’s Trusted Identity platform and security solutions significantly reduce digital transaction fraud and enable regulatory compliance for more than 10,000 customers including over half of the top 100 global banks. Whether through automating agreements, detecting fraud or securing financial transactions, OneSpan helps reduce costs and accelerate customer acquisition while improving the user experience. Learn more at OneSpan.com.

Copyright© 2020 OneSpan North America Inc., all rights reserved. OneSpan™ is a registered or unregistered trademark of OneSpan North America Inc. or its affiliates in the U.S. and other countries.

Investor contact:

Joe Maxa

Vice President of Investor Relations

+1-312-766-4009

[email protected]

Media contact:

Sarah Hanel

Global Director of Corporate Communications

+1-312-871-1729

[email protected]

KEYWORDS: United States North America Illinois

INDUSTRY KEYWORDS: Finance Banking Professional Services Technology Software

MEDIA:

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Marathon Petroleum Corp. announces CFO to retire early next year

PR Newswire

FINDLAY, Ohio, Nov. 11, 2020 /PRNewswire/ — Marathon Petroleum Corporation (NYSE: MPC) today announced that Donald C. Templin, executive vice president and chief financial officer, has elected to retire from the company, effective in January 2021. A nationwide search for the company’s next CFO is ongoing.

“Don was part of the original management team that established MPC as a publicly-traded company, and his deep financial experience, strong business skills and broad knowledge of our industry have been an integral part of our growth and success,” said Michael J. Hennigan, president and chief executive officer. “I’m especially grateful for Don’s leadership during this challenging year for our business and the support he provided during my transition to CEO. We thank Don for his many contributions to MPC and MPLX over the past decade, and I look forward to working with him to close out this year before he begins his well-earned retirement.”

Mr. Templin joined MPC in 2011 as senior vice president and CFO. He became executive vice president, Supply, Transportation and Marketing in 2015, and was appointed president of MPC in 2017. In 2018, Mr. Templin was named president, Refining, Marketing and Supply, and assumed his current position in 2019. Prior to MPC, Mr. Templin spent more than 25 years with PricewaterhouseCoopers LLP, providing auditing and advisory services to a wide variety of private, public and multinational companies, including serving as managing partner of the audit practice in Georgia, Alabama and Tennessee.

Mr. Templin also serves as a member of the board of directors of the general partner of MPLX LP (NYSE: MPLX), MPC’s sponsored master limited partnership. The MPLX board will consider Mr. Templin’s continued membership on the board in light of his upcoming retirement as an MPC executive.

About Marathon Petroleum Corporation
Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation’s largest refining system. MPC’s marketing system includes branded locations across the United States, including Marathon brand retail outlets. Speedway LLC, an MPC subsidiary, owns and operates retail convenience stores across the United States. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure. More information is available at www.marathonpetroleum.com.

About MPLX LP
MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and provides fuels distribution services. MPLX’s assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. More information is available at www.MPLX.com.

Investor Relations Contacts: (419) 421-2071

Kristina Kazarian, Vice President, Investor Relations

Media Contact:
Jamal Kheiry, Manager, Media Relations (419) 421-3312

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SOURCE Marathon Petroleum Corporation; MPLX LP

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Belanger’s Cube Soft-Touch In-Bay Automatic Wash System Wins CSP Retailer Choice Best New Product Contest

PR Newswire

DOWNERS GROVE, Ill., Nov. 11, 2020 /PRNewswire/ — Belanger, part of OPW and Dover (NYSE: DOV), is proud to announce its Cube® Soft-Touch In-Bay Automatic Wash System has been named the winner in the Car Wash/Forecourt category of CSP magazine’s 17th Annual Retailer Choice Best New Product Contest. The winners of the contest, which honors the convenience store industry’s most successful product launches from the past year, are chosen via an online poll of c-store retailers.

“We were incredibly excited to learn that our Cube vehicle wash system was voted by c-store retailers as the winner of CSP’s contest,” said Gary Campbell, VP & General Manager, OPW Vehicle Wash Solutions. “We know our vehicle wash customers look for an in-bay automatic wash system that provides high-quality washes and a pleasant wash experience for the user, while doing so reliably, cost-effectively, and safely. The Cube checks every one of those boxes.”

In addition to providing a cleaner vehicle, the Cube is more operator friendly. The Cube utilizes slow-spinning friction wheels and Belanger’s ShineMitt foam media to reduce noise levels and thoroughly clean the vehicle with gentle brush passes. The Cube also features a host of “smart” technology systems, allowing it to be precise, intuitive and flexible while providing the best possible cleaning result for each customer.

The Cube also offers remote access capabilities, patented LED-enhanced wheels and spray arms that cycle through six colors to provide Active Site Marketing™, and an innovative scissor-arm top wheel that precisely lowers to the vehicle and covers more area along the front, top and rear of the vehicle. The Cube’s LED lights also provide navigational assistance to move customers in and out of the bay quickly, increasing throughput.

To learn more about the Cube Soft-Touch In-Bay Automatic Wash System from Belanger, please visit opwglobal.com/belanger.

About OPW:

OPW is defining what’s next through innovations designed to enhance safety, reliability, efficiency and business performance for the retail-fueling, fluid-handling and car wash industries. Specifically, OPW makes aboveground and underground products for both conventional, vapor-recovery and clean energy applications in the retail and commercial markets. Additionally, OPW supplies loading arms, valves and dry-break couplings, tank-truck equipment, railcar valves and equipment, and car wash systems. OPW has manufacturing operations in North America, Europe, Latin America and Asia Pacific, with sales offices around the world. OPW is part of Dover Corporation. To learn more about how OPW is Defining What’s Next in each of its markets, visit opwglobal.com.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions and Refrigeration & Food Equipment. Dover combines global scale, operational agility, world-class engineering capability and customer intimacy to lead the markets we serve. Recognized for our entrepreneurial approach for over 60 years, our team of over 23,000 employees takes an ownership mindset, collaborating with customers to redefine what’s possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under “DOV.” Additional information is available at dovercorporation.com.

OPW Contact:

Lisa Moloney

(513) 870-3119
[email protected]

Dover Media Contact:
Adrian Sakowicz, VP, Communications    
(630) 743-5039    
[email protected]     

Dover Investor Contact:
Andrey Galiuk, VP, Corporate Development and Investor Relations   
(630) 743-5131   
[email protected]

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SOURCE Dover

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Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock

PR Newswire

WASHINGTON, Nov. 11, 2020 /PRNewswire/ — The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a fourth quarter dividend of $0.80 per share for each of Farmer Mac’s three classes of common stock – Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock (not listed on any exchange), and Class C Non-Voting Common Stock (NYSE: AGM).  The quarterly dividend will be payable on December 31, 2020 to holders of record of common stock as of December 15, 2020.  

Farmer Mac’s board of directors has also declared a dividend on each of Farmer Mac’s four classes of preferred stock. The quarterly dividend of $0.375 per share of 6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C (NYSE: AGM.PR.C), $0.35625 per share of 5.700% Non-Cumulative Preferred Stock, Series D (NYSE: AGM.PR.D), $0.359375 per share of 5.750% Non-Cumulative Preferred Stock Series E (NYSE: AGM.PR.E), and $0.328125 per share of 5.250% Non-Cumulative Preferred Stock, Series F (NYSE: AGM.PR.F), is for the period from but not including October 17, 2020 to and including January 17, 2021.  These preferred stock dividends will be payable on January 17, 2021 to holders of record of those classes of preferred stock as of January 4, 2021.


About Farmer Mac

Farmer Mac is a vital part of the agricultural credit markets and was created to increase access to and reduce the cost of capital for the benefit of American agricultural and rural communities. As the nation’s secondary market for agricultural credit, we provide financial solutions to a broad spectrum of the agricultural community, including agricultural lenders, agribusinesses, and other institutions that can benefit from access to flexible, low-cost financing and risk management tools. Farmer Mac’s customers benefit from our low cost of funds, low overhead costs, and high operational efficiency. Additional information about Farmer Mac is available on Farmer Mac’s website at www.farmermac.com.

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SOURCE Farmer Mac

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U.S. Concrete Expands Bay Area Footprint

– Company adds assets to concrete and retail operations serving the Bay Area building materials sector –

PR Newswire

EULESS, Texas, Nov. 11, 2020 /PRNewswire/ — U.S. Concrete, Inc. (NASDAQ:USCR), a leading supplier of aggregates and ready-mixed concrete in active construction markets across the country, announced today that it has acquired the assets of Sugar City Building Materials Co. (“Sugar City”) in San Francisco’s East Bay area. Sugar City has over 90 years of history and serves all sectors of the building materials market. The deal includes a building material retail operation, two ready-mixed concrete batch plants and two concrete recycling systems. The retail operation will extend the footprint of the Company’s Westside Concrete Materials network of locations and the ready-mixed concrete assets will be added to the Company’s Central Concrete operation. The additions increase the Westside Concrete Materials’ network to six locations and the Central Concrete network to 28 ready-mixed concrete plants.

“An acquisition that adds to all of our Bay Area operations is a big win for U.S. Concrete,” said Ronnie Pruitt, President and Chief Executive Officer of U.S. Concrete. “Sugar City’s long history in this dynamic market allows us to immediately capitalize on these assets. Beyond the retail and concrete additions, its proximity to our aggregates terminal means we are able to expand our distribution of Orca high performance concrete aggregates from Polaris Materials. These additions strengthen each of our segments and further add to shareholder value.”

About U.S. Concrete

U.S. Concrete, Inc. (NASDAQ: USCR) is a leading supplier of aggregates and concrete for infrastructure, residential and commercial projects across the country. The Company holds leading market positions in the high-growth metropolitan markets of Dallas/Fort Worth, San Francisco, New York City, Philadelphia, and Washington, D.C., and its materials have been used in some of the most complex and highly specialized construction projects of the last decade. U.S. Concrete has continued to grow organically and through a series of strategic acquisitions of independent producers in its target markets.

For more information on U.S. Concrete, visit www.us-concrete.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Certain statements and information provided in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include, without limitation, statements concerning plans, objectives, goals, projections, outlook, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “intend,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “outlook,” “predict,” “potential” or “continue,” the negative of such terms or other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance, our anticipated growth strategies and anticipated trends in our business. These statements are predictions based on our current expectations and projections about future events which we believe are reasonable. Actual events or results may differ materially.

By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We believe that these risks and uncertainties include, but are not limited to: general economic and business conditions, which will, among other things, affect demand for new residential and commercial construction; our ability to successfully identify, manage, and integrate acquisitions; the cyclical nature of, and changes in, the real estate and construction markets, including pricing changes by our competitors; governmental requirements and initiatives, including those related to mortgage lending, financing or deductions, funding for public or infrastructure construction, land usage, and environmental, health, and safety matters; disruptions, uncertainties or volatility in the credit markets that may limit our, our suppliers’ and our customers’ access to capital; our ability to successfully implement our operating strategy; weather conditions; our substantial indebtedness and the restrictions imposed on us by the terms of our indebtedness; the effects of currency fluctuations on our results of operations and financial condition; our ability to maintain favorable relationships with third parties who supply us with equipment and essential supplies; our ability to retain key personnel and maintain satisfactory labor relations; and product liability, property damage, results of litigation and other claims and insurance coverage issues. These risks and uncertainties also include the effects of COVID-19; the length and severity of the COVID-19 pandemic; the pace of recovery following the COVID-19 pandemic; our ability to implement cost containment strategies; and the adverse effects of COVID-19 on our business, the economy and the markets we serve.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. All written and oral forward-looking statements made in connection with this press release that are attributable to us or persons acting on our behalf are expressly qualified in their entirety by the “Risk Factors” in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission.  We are under no duty to update any of the forward-looking statements after the date of this press release to conform such statements to actual results or to changes in our expectations, except as required by federal securities laws.  There can be no assurance that other factors will not affect the accuracy of these forward-looking statements or that our actual results will not differ materially from the results anticipated in such forward-looking statements. Unpredictable or unknown factors we have not discussed in this press release also could have material effects on actual results or matters that are the subject of our forward-looking statements. We undertake no obligation to, and do not intend to, update our description of important factors each time a potential important factor arises.

Source: USCR-G

Company Contact Information:
U.S. Concrete, Inc. Investor Relations
844-828-4774
[email protected]

Media Contact:

[email protected]  

 

 

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SOURCE U.S. Concrete, Inc.

Posted on

Lilly Announces Webcast to Provide an Overview of Tirzepatide Phase 3 clinical program

Webcast will not include results from any Phase 3 clinical trials

PR Newswire

INDIANAPOLIS, Nov. 11, 2020 /PRNewswire/ — Eli Lilly and Company (NYSE: LLY) will conduct a webcast on Friday, November 20, 2020 to provide an overview of the tirzepatide Phase 3 type 2 diabetes clinical trial program in preparation for five future Phase 3 top-line data disclosures. The webcast will begin at 11:00 a.m. Eastern Standard Time and will review the trial designs and expected timing of the multiple readouts for the tirzepatide program.

Investors, media and the general public can access a live webcast of the conference call through a link that will be posted on Lilly’s website at https://investor.lilly.com/webcasts-and-presentations. A replay will also be available on the website following the conference call.

About Eli Lilly and Company
Lilly is a global healthcare leader that unites caring with discovery to create medicines that make life better for people around the world. We were founded more than a century ago by a man committed to creating high-quality medicines that meet real needs, and today we remain true to that mission in all our work. Across the globe, Lilly employees work to discover and bring life-changing medicines to those who need them, improve the understanding and management of disease, and give back to communities through philanthropy and volunteerism. To learn more about Lilly, please visit us at www.lilly.com.  F-LLY   



Lilly Cautionary Statement Regarding Forward-Looking Statements



This press release contains forward-looking statements (as that term is defined in the Private Securities Litigation Reform Act of 1995) about tirzepatide and reflects Lilly’s current beliefs.  However, as with any pharmaceutical product, there are substantial risks and uncertainties in the process of research and development. For a further discussion of these and other risks and uncertainties, please see Lilly’s most recent Form 10-K and Form 10-Q filings with the U.S. Securities and Exchange Commission. Except as required by law, Lilly undertakes no duty to update forward-looking statements to reflect events after the date of this release.

Refer to:

Mark Taylor; [email protected]; (317) 276-5795 (Media)   
Kevin Hern; [email protected]; (317) 277-1838 (Investors)

 

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SOURCE Eli Lilly and Company