OGMA an Embraer Group Company becomes new Pratt & Whitney Authorized Maintenance Center to support GTF engines

PR Newswire

  • OGMA joins Pratt & Whitney’s Authorized Maintenance Center network, one of the world’s largest aircraft engine manufacturers
  • OGMA invests 74 million euros and starts to maintain GTF (Geared Turbofan) engines, used by the new generation of commercial aircraft, namely Airbus A320neo family, the Airbus A220, and the Embraer E190-E2 and E195-E2
  • Project reinforces OGMA’s range of engine maintenance services, generates around 300 jobs over the next few years and allows OGMA an Embraer Group Company, turnover reach almost 600 million euros annually

SÃO PAULO, Nov. 12, 2020 /PRNewswire/ — OGMA is the new authorized maintenance center for Pratt & Whitney engines, one of the world’s largest aircraft engine manufacturers. This is the culmination of a project developed by OGMA, with the support of Embraer, over the past 12 months, which allows it to expand its scope of services in the area of engine maintenance, marking the entry of Pratt & Whitney maintenance, repair and overhaul in Portugal.

The contract between Pratt & Whitney and OGMA was formalized recently. The industrialization and training project to carry out the maintenance of Pratt & Whitney GTF™ (Geared Turbofan) PW1100G-JM engine is scheduled to start in 2021 and is expected to develop for the next two decades. Throughout the project, with higher incidence between 2022 and 2023, about 300 highly qualified direct jobs are expected to be created.

OGMA will invest 74 million euros, mostly in the first four years of the project, in a strategic step that allows it to broaden its scope of activity in the area of engine maintenance and to achieve new business over the next decades, which will triple OGMA’s turnover and reach the level of 600 million euros annually.

Alexandre Solis, CEO of OGMA says: “This is a historic milestone for OGMA, a company with more than 100 years of existence. By earning the trust of Pratt & Whitney, we are proving the expertise and experience of our teams, but we are also enabling OGMA to continue with a lasting operation in the coming decades. We are motivated and eager to start this relationship with Pratt & Whitney”.

“We are excited to welcome OGMA to the GTF MRO network,” said Dave Emmerling, vice president, Commercial Aftermarket at Pratt & Whitney. “With OGMA, we add a highly capable maintenance provider with a long history of engine overhaul experience. As the GTF fleet continues to grow, the network will be ready to support our expanding global customer base.”

“This contract is a demonstration of OGMA’s high level of expertise and competence in the maintenance of aircraft engines and represents an opportunity for the Embraer group to expand its business in providing services to other manufacturers in the international market. In line with Embraer’s new strategy, it is a diversification of the businesses that will result in the growth of the Services & Support area in the coming years.”, said Johann Bordais, President and CEO, Embraer Services & Support.

Pratt & Whitney’s GTF engine family is used in the new generation of commercial aircraft, namely the Airbus A320neo family, the Airbus A220, and the Embraer E190-E2 and E195-E2.

Pratt & Whitney’s GTF engines are a new generation of high bypass turbofan engines, which started to operate in 2016, which allow operations with a reduction of up to 16% in fuel consumption, up to 75% in noise emissions and between 50 to 75% CO2 and NOx emissions compared to the previous engine generation.


About Pratt & Whitney

Pratt & Whitney, a unit of Raytheon Technologies (NYSE:RTX) is a world leader in the design, manufacture and service of aircraft and helicopter engines, and auxiliary power units. Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. To learn more about RTX, visit its website at www.rtx.com. To receive Pratt & Whitney press releases and other news directly, please sign up here.


About Embraer

A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive aviation, Defense & Security and Agricultural Aviation. The company designs, develops, manufactures and markets aircraft and systems, providing Services & Support to customers after-sales.

Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. On average, about every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 145 million passengers a year.

Embraer is the leading manufacturer of commercial jets up to 150 seats and the main exporter of high value-added goods in Brazil. The company maintains industrial units, offices, service and parts distribution centers, among other activities, across the Americas, Africa, Asia and Europe.


About OGMA – Indústria Aeronáutica de Portugal S.A.

Founded on June 29, 1918, OGMA – Indústria Aeronáutica de Portugal S.A. celebrated 100 years of existence in 2018. The company bases its activity on two business areas – Maintenance, Repair and Overhaul of Aircraft and Engines and Civil Aviation and Defense Components, and Manufacturing and Assembly of Aircraft Structures for civil and military aircraft.

Since the privatization carried out in 2005, OGMA is 65% owned by the Airholding SGPS (100% EMBRAER) and 35% by idD Portugal Defence (100% Portuguese State).

PRESS OFFICES:

Headquarters (Brazil)

Corporate Communications
[email protected]  
Cell: +55 11 98890 7777
Tel.: +55 11 4873 7984

North America

Alyssa Ten Eyck
[email protected]  
Cell: +1 954 383 0460
Tel.: +1 954 359 3847

Europe, Middle East and Africa

Guy Douglas
[email protected]  
Cell: +31 (0)657120121
Tell: +31 (0)202158109

China

Mirage Zhong
[email protected]  
Cell:  +86 185 1378 5180
Tel.: +86 10 6598 9988

Asia Pacific

Nilma Missir-Boissac
[email protected]  
Cell: +65 9012 8428
Tel.: +65 6305 9955

Cision View original content:http://www.prnewswire.com/news-releases/ogma-an-embraer-group-company-becomes-new-pratt–whitney-authorized-maintenance-center-to-support-gtf-engines-301172175.html

SOURCE Embraer S.A.

TransUnion Ranked “Best in Class” Among 26 Vendors in 2020 Identity Proofing Platform Scorecard

Javelin Strategy & Research evaluates TransUnion’s flagship enterprise fraud prevention solution, IDVision® with iovation®

CHICAGO, Nov. 12, 2020 (GLOBE NEWSWIRE) — TransUnion (NYSE: TRU) today announced that it ranked Best in Class among 26 vendors evaluated on the Identity Proofing Platform Scorecard by research and advisory firm, Javelin Strategy & Research.

“This designation validates our efforts to unite personal and digital data,” said Bala Kumar, vice president of product for TransUnion Global Fraud Solutions. “It is our mission to continue to lead the industry in innovation to help businesses verify consumer identities, reduce the number of challenges consumers experience through more precise results and ultimately convert more transactions while keeping fraud low.”

Javelin evaluated vendors that provide enterprise-wide identity proofing solutions to financial institutions. The scorecard assessed six identity-proofing components – identity validation, identity verification, enrollment, binding, authentication and step-up authentication.


IDVision


with iovation
offers a comprehensive view of each consumer by linking proprietary data, personal data, device identifiers, and online behaviors. Its advanced insights and global network of reported fraud helps businesses discover anomalies, assess risk, and confidently identify good consumers, resulting in the ability to offer personalized, friction-right experiences.

Learn more about TransUnion being named Best in Class.

About TransUnion (NYSE: TRU)

TransUnion is a global information and insights company that makes trust possible in the modern economy. We do this by providing a comprehensive picture of each person so they can be reliably and safely represented in the marketplace. As a result, businesses and consumers can transact with confidence and achieve great things. We call this Information for Good.®

TransUnion Global Fraud Solutions unite both consumer and device identities to detect threats across markets while ensuring friction-right user experiences. The solutions, all part of the IDVision with iovation suite, fuse traditional data science with machine learning to provide businesses unique insights about consumer transactions, safeguarding tens of millions of transactions each day.

A leading presence in more than 30 countries across five continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people.
http://www.transunion.com/business

Contact   Dave Blumberg
    TransUnion
     
E-mail   [email protected]
     
Telephone   312-972-6646

 

Moore Kuehn Encourages CGIX, CXO, CBMG, and RESI Investors to Contact Law Firm

NEW YORK, Nov. 12, 2020 (GLOBE NEWSWIRE) — Moore Kuehn, PLLC, a securities litigation law firm located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following proposed mergers are fair to shareholders. Moore Kuehn may ultimately seek increased consideration, additional disclosures, or other relief and benefits on behalf of the shareholders of these companies:


  • Cancer Genetics, Inc. (


    NASDAQ:


    CGIX


    )

A registration statement was recently filed with the SEC regarding StemoniX’s acquisition of Cancer Genetics. Under the proposed transaction, Cancer Genetics will issue shares of common stock to the owners of StemoniX, with current holders of Cancer Genetics common stock controlling only 22% of the combined company. The investigation concerns whether Cancer Genetics’s board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price.


  • Concho Resources Inc.


    (


    NYSE


    :


    CXO


    )

Concho Resource has agreed to be acquired by ConocoPhillips. Under the proposed transaction, shareholders of Concho will receive 1.46 shares of ConocoPhillips per share.


  • Cellular Biomedicine Group, Inc.


    (


    NASDAQ:


    CBMG


    )

Cellular Biomedicine has agreed to be acquired by consortium led by the company’s CEO Bizuo Liu. Under the proposed transaction, shareholders of Cellular Biomedicine will receive $19.75 for every share owned.


  • Front Yard Residential Corporation


    (


    N


    YSE


    :


    RESI


    )

Front Yard Residential has agreed to be acquired by Pretium and a group of its investors and funds. Under the proposed transaction, shareholders of Front Yard will receive $13.50 per share.

Moore Kuehn is investigating whether the Boards of the above companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process.

Moore Kuehn encourages shareholders who would like to discuss their rights to contact Justin Kuehn, Esq. by email at [email protected] or telephone at (212) 709-8245. The consultation and case are free with no obligation to you. Shareholders should contact the firm immediately as there may be limited time to enforce your rights.

Moore Kuehn is a 5-star New York City-based law firm with attorneys representing investors and consumers in class action litigation involving securities law violations, financial fraud, breaches of fiduciary duties, and other claims. For additional information about Moore Kuehn, please go to http://www.moorekuehn.com/practice/new-york-securities-litigation/.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts:
Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
[email protected]
(212) 709-8245

That Said with Michael Zeldin: Special Guest Dan Balz, Chief Correspondent, The Washington Post – “It’s Time to Take Stock of the Presidential Election”

CommPRO in Partnership with The Museum of Public Relations and the Foreign Press Association

New York City, Nov. 12, 2020 (GLOBE NEWSWIRE) — Now that the campaign is over, it’s time to take stock and distill the lessons to be learned. President-Elect Biden promises to unite the country. After this election, is that even possible?  Join us Friday morning at 11 am ET for this free webinar.

That said, join Michael Zeldin in his conversation with The Washington Post Chief Correspondent Dan Balz as they break down last week’s election and discuss how Joe Biden won and the specific challenges that await the Biden administration and the country more broadly.  What message does this send about the United States on the global stage?  What is the impact on main street and Wall Street?

Reserve your free spot for this webinar: http://sumo.ly/14xAl



Contact:

Fay Shapiro

Email: [email protected]

Phone: 212.779.0181

Epiq Expands its Legal Transformation Services Offerings with Acquisition of Hyperion Global Partners

NEW YORK, Nov. 12, 2020 (GLOBE NEWSWIRE) — Epiq, a global leader in the legal services industry, announced today that it is has acquired Hyperion Global Partners (Hyperion), the premier global business and technology advisory practice for legal operations and transformation.

The acquisition expands Epiq’s strategy to deliver a suite of legal business management services and solutions to corporate in-house law departments, law firms and other clients. Hyperion’s founder and CEO, Eyal Iffergan, will join Epiq as Managing Director of its new legal operations advisory business.  

The Hyperion acquisition includes its legal operations advisory practice as well as Hyperion Research, the analyst-driven unit of Hyperion Global Partners focused on legal solutions market intelligence. Hyperion Research is the premier provider of independent market research and analysis, delivering unparalleled insights on leading trends in legal strategy, operations and technology.

“The recent pace of legal industry change has acutely accelerated the need for law departments and firms to be run like a business, including the need to embrace digital transformation,” said Ziad Mantoura, SVP and General Manager for Epiq’s legal transformation services business. “Hyperion has a team of expert consultants and a heritage of guiding clients to make intelligent, fact-based decisions to transform their businesses. Joining forces with this team and its impressive market intelligence capabilities adds considerable depth to the solutions we offer our clients as we help guide their digital transformation.”

Hyperion’s Iffergan remarked, “Hyperion has long been recognized for our drive to deliver operational expertise and innovation, with a healthy dose of pragmatism, to help our clients execute legal operations transformation programs. Our integration with Epiq, the globally recognized leader in legal business operations and services, brings together a powerhouse of capabilities and scale – a dynamic professional toolkit to galvanize our clients’ keystone initiatives and empower legal teams everywhere to achieve operational performance excellence.”

The legal transformation services group at Epiq was launched earlier this year and is part of its Legal Solutions business, led by Roger Pilc, President and General Manager. Hyperion’s capabilities complement Epiq’s services, which in addition to law department and law firm consulting, includes eDiscovery, legal spend analysis, flexible legal talent, and information governance.

Said Pilc, “We’re thrilled to have Hyperion as part of Epiq as we continue to build out our vision for helping our clients. “Together, we can scale and extend their transformative work with legal teams globally.”  

About
Hyperion Global Partners

Founded in 2009, Hyperion Global Partners is recognized as the premier global business and technology consulting practice for the legal profession. Hyperion Global Partners brings over twenty years of dedicated experience in legal business, operations and technology solutions. We advise Am Law 200 law firms, Global 1000 corporations and other legal service organizations to make intelligent, fact-based decisions about how to improve their operational performance. A consultancy of experts, we focus on helping our clients lead transformation programs with strategic value-based engagement models and legal business expertise in process, operations, organization and technology. For more information, please visit www.hyperiongp.com.

About Epiq

Epiq, a global leader in the legal services industry, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. Epiq subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world. Learn more at www.epiqglobal.com.

Press Contact

Catherine Ostheimer
[email protected]
+1 203 921 9700

CACC INVESTOR DEADLINE: Bernstein Liebhard Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Credit Acceptance Corporation

PR Newswire

NEW YORK, Nov. 12, 2020 /PRNewswire/ — Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Credit Acceptance Corp. (“Credit Acceptance” or the “Company”) (NASDAQ: CACC) from November 1, 2019 through August 28, 2020 (the “Class Period”). The lawsuit filed in the United States District Court for the Eastern District of Michigan alleges violations of the Securities Exchange Act of 1934.

If you purchased Credit Acceptance Corporation securities, and/or would like to discuss your legal rights and options please visit Credit Acceptance Corp. Shareholder Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (i) that the Company was topping off the pools of loans that they packaged and securitized with higher-risk loans; (ii) that Credit Acceptance was making high-interest subprime auto loans to borrowers that the Company knew borrowers would be unable to repay; (iii) that the borrowers were subject to hidden finance charges, resulting in loans exceeding the usury rate ceiling mandated by state law; (iv) that Credit Acceptance took excessive and illegal measures to collect debt from defaulted borrowers; (v) that, as a result, the Company was likely to face regulatory scrutiny and possible penalties from various regulators or lawsuits; and (vi) that, as a result of the foregoing, Defendant’s positive statements about the Company’s business, operations, and adherence to appropriate laws and regulations were materially misleading and/or lacked a reasonable basis.

On August 28, 2020, the Massachusetts Attorney General (“Mass AG”) filed a lawsuit against Credit Acceptance alleging that the Company has, for years, been making unfair and deceptive automobile loans to thousands of Massachusetts consumers.  Additionally, the lawsuit alleges that Credit Acceptance provided its investors with false and/or misleading information regarding the asset-backed securitizations they offered to investors, and that the Company engaged in unfair debt collection practices as well.   In response to the public disclosure of the Mass AG lawsuit, Credit Acceptance’s stock price fell $85.36 per share, or over 18%, to close at $374.07 per share over two trading days ending on September 1, 2020.

If you wish to serve as lead plaintiff, you must move the Court no later than December 1, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchased Credit Acceptance securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/creditacceptancecorp-cacc-shareholder-class-action-lawsuit-stock-fraud-298/apply/ contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information


Matthew E. Guarnero


Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
[email protected]

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/cacc-investor-deadline-bernstein-liebhard-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-credit-acceptance-corporation-301170622.html

SOURCE Bernstein Liebhard LLP

Pennexx Update to Shareholders Regarding the Company’s Strategy, Upcoming Financials and Proposed Changes to the Company’s Board and Guidance for Questions, News and Updates About the Company

Philadelphia, PA, Nov. 12, 2020 (GLOBE NEWSWIRE) — via NewMediaWire –Pennexx has released more details about Pennexx’s increasing revenue and products.

Pennexx is building a strong foundation for its company and part of that is building a strong board of directors. Vincent Risalvato is proposing two candidates who have agreed to take a board seat if elected; they are Joseph Caruso and Phillip Welch.

Joseph Caruso https://evestigate.com/joseph-caruso has a long history of startup business success and is a recognized industry leader in the fields of cyber security, computer forensics and eDiscovery. He has been featured as a technology expert regarding high profile cases on CNN Headline News, CBS Evening News with Katie Couric, FOX Business’s Varney and Company.

Phillip Welch is a Certified Microsoft Systems Expert, was director of IT for a national broadcast television network and has for nearly 20 years provided managed IT services for hundreds of customers as President and CEO of https://welchandcompany.net. His background in both technology and the operational aspects of many multi-million dollar businesses makes him well suited to help guide Pennexx to success.

Both gentlemen have worked closely with Vincent Risalvato over many years and are excited to possibly join the board, bringing great value to $PNNX.

Any nominations for board members can be emailed to [email protected] for review. Pennexx is considering adding two other new candidates to the board for a total of five board directors.

Vincent Risalvato said, “By growing a strong board of directors with exciting candidates we take the next step in the evolution of Pennexx. They can guide the company to success as well as open many doors.”

Pennexx will be uploading to OTC Markets a formal business plan which include the overall going forward strategy of the company and revenue estimates for the first time. The company will also be outlining its strategy for becoming fully audited.

Vincent Risalvato said, “Becoming an audited company was a goal that I had early on, one that slipped from our sights as development progressed and as the COVID pandemic set in.”

Vincent continued, “Transparency and responsibility to the shareholders is a key tenet that I have for my conduct and the conduct of the company. I wish to guide the company to achieve the goal of having an audited status. It is an important step to getting the company to a fully reporting SEC status and is one of the important steps to up listing the company.”

Pennexx is proposing to change its name by removing the word “Foods” from the name and possibly adding “Technologies”. The naming process change will require approval from the appropriate regulators.

This name change is in accordance with the fact that Pennexx is currently hosting multiple technology projects.

The company has been having great success with its ongoing development partnership projects. 

They had previously announced the development of the Cyber Security Dashboard (CSD) https://www.globenewswire.com/news-release/2020/06/11/2047010/0/en/Pennexx-Partners-With-Global-Digital-Forensics-to-Create-a-Cloud-Based-Forensic-Dashboard.html. The CSD will begin collecting subscription revenue in the fourth quarter and that profit is shared between Pennexx and Global Digital Forensics https://www.evestigate.com.

Progress on the development partnership with https://zicixgroup.com was also announced recently by Zicix https://finance.yahoo.com/news/zicix-launches-website-smartphone-app-140000861.html.

Vincent Risalvato had said previously, “By partnering on these development projects, we have started to deliver on my desire to grow the business organically (from money collected from our products and services) instead of relying solely on investment dollars. I believe best businesses grow through revenue since they become a commercial success as they develop instead of having to figure out the commercialism of their product after a large investment. This strategy can decrease potential dilution to the shareholders and increases shareholder value.”

The company is going to be reporting its third quarter financials shortly. Pennexx’s financials will still show a small income due to the fact that the focus has been on product development and its services revenue was only in its infancy.

Vincent Risalvato has indicated that the fourth quarter financials will start to show revenue generated through its development partnerships. Since Pennexx has just recently launched its new dashboard which opens up a number of revenue generating e-commerce offerings, a small amount of that revenue will also begin in the fourth quarter.

Vincent said, “Come this fourth quarter and first quarter 2021, I believe we will begin to see real quarter over quarter growth and the realization of my goal for the organic growth of the company.”

Additionally, the company is still forging forward with its YSO debit card program. Vincent Risalvato said, “I am sorry that this process has been so delayed; part of it was the onset of Covid and another part of it was just not really knowing all of the legal and technical challenges that had been laid ahead. This is a program that I feel strongly about and I remain confident that it will be a major part of the YSO/YSI program. We have a graphic design for the card and pending the approval of the card issuer we will release the mockup publicly.”  

Pennexx recognizes that these updates will unlock a number of questions and comments and they say, “We will do our best via social media to answer questions as they are posted.” They advise that the best place to ask questions is openly on twitter @pennexx. This way they can answer them openly and publicly. They continue by saying, “We may not answer all questions, but we make our best effort to answer all questions posted constructively.”

Questions may also be posted at [email protected]; many shareholders do get responses from the CEO directly when questions are emailed in. Some of them post those responses within the investor community.

It is also recommended that people follow Mr. Risalvato on Twitter at https://twitter.com/vrisalvato as he intends to start using this account for much more frequent updates.

Vincent Risalvato said, “Pennexx is at a pivotal point now in its growth where investment of money and time can now start generating revenue. It is an exciting time and I am thankful to everyone who has and continues to support the company and our success.”

About Pennexx Foods Inc.

About Pennexx Foods Inc. (PNNX: OTCMKTS US). Pennexx, through its wholly-owned subsidiaries, is a holding company within the Software/Internet Industry focused on social media, prepaid debit cards, BitGift™, artificial intelligence, targeted marketing, and consumer rewards.

Safe Harbor Act: This release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report.

For additional information, visit our website at https://yoursocialoffers.com or https://pennexx.net or call 866-928-6409. Please follow us on Twitter @Pennexx.

Proximus and Technicolor Connected Home Deliver “Pickx” Decoder Integrated with Android P to Consumers in Belgium

New 4K Decoder Optimizes Access to Applications and Voice Search

PR Newswire

ATLANTA, Nov. 12, 2020 /PRNewswire-PRWeb/ — Technicolor (Euronext Paris: TCH, OTCQX: TCLRY) announces that Proximus has begun deployment of the new V7 decoder “Proximus Pickx” — equipped with the Android P operating system — to Belgian subscribers, allowing viewers to enter the Proximus Pickx experience and access applications such as YouTube, Netflix, Spotify and Disney+. Technicolor Connected Home’s expertise and deep industry experience was leveraged to integrate a broad range of functionality into the Android TV set-top box to bring new enhanced services to market quickly and efficiently. The Proximus Pickx decoder opens an enhanced world of applications and features for end users by enabling network service providers (NSPs) to easily and rapidly integrate new applications and services

This is the latest development in Technicolor Connected Home’s ongoing commitment to leverage open and innovative technologies for NSPs around the world. The ultimate goal is to help NSPs deliver seamless connectivity and premium entertainment experiences to consumers by creating best-in-class CPE and partnering with the most ingenious companies in the connected home ecosystem.

“The Proximus Pickx decoder is a first in the European connected home landscape. Proximus has moved into the Android Operator Tier enabling new innovative features that create personalized experiences for Proximus subscribers. The new decoder offers a highly curated experience and guides the user through an ever increasing library of content. The Proximus Pickx decoder perfectly blends OTT offers like Netflix and Disney+ with live, replay and on demand content from contracted content providers. This is the latest demonstration of Proximus’ commitment to its new brand promise: ‘Think Possible,'” says Thierry Demoor, Head of Digital Products & Solution Platforms at Proximus.    

Furthermore, to ensure that Proximus’ subscribers get the very best TV experiences, Technicolor Connected Home and Proximus selected 3SS’ powerful 3READY Android TV solution based on Android TV™ Operator Tier. The industry knowledge and next generation offerings contributed by Technicolor Connected Home and 3SS empower Proximus to make the most of its Android TV deployment delivering engaging, personalized services across content sources.

Technicolor Connected Home and Proximus have teamed up to optimize the search and navigation functions in the V7 decoder leveraging Google voice search. Subscribers can view content in HDR 4K and access their recordings at any time via cloud storage. The solution also addresses the long-term sustainability objectives of Proximus, as the Pickx decoder operates on low power consumption levels.

“We are keen to have an extended partnership with Proximus to enrich the entertainment offer in this market. Android TV offers the flexibility to incorporate new services with a fast time to market enhancing the customer experience for the users. This deep collaboration brings a best-in-class product for the consumer and the expertise gained through the Technicolor leadership in this technology segment,” says Mercedes Pastor, Senior Vice President for the Eurasia Customer Premises Equipment Business Unit at Technicolor Connected Home.

About Technicolor Connected Home:
TOMORROW’S CONNECTED HOME. TODAY
Technicolor partners with the world’s leading Service Providers to help them embrace the complex technologies needed to deliver seamless connectivity and premium entertainment experiences. Our Broadband solutions enable the fastest speeds, best-in-class coverage and embed the most innovative software to deliver multi-user gigabit services throughout the home. Our Video platforms allow for dynamic, branded user interfaces, popular applications, unique features and data analytics while ensuring the fastest time to market. With open innovation at the heart of everything we develop, we foster partnerships with a thriving ecosystem of innovative companies enabling our customers to bring an ever-growing number of value-added services to their subscribers.
http://www.technicolor.com – Follow us: @Technicolor – linkedin.com/showcase/18898907

Technicolor shares are on the NYSE Euronext Paris exchange (TCH) and traded in the USA on the OTCQX marketplace (OTCQX: TCLRY).

MEDIA CONTACTS:

Carole Bernard: +1323-337-5837
[email protected]

Media Contact

Airrion Andrews, Technicolor, 1 888 705 8815, [email protected]

 

SOURCE Technicolor

Analysis from Phase 3 ATTR-ACT and Its Long-Term Extension Study Demonstrates VYNDAQEL® 80 mg/VYNDAMAX® 61 mg Significantly Improved Survival in Patients with Transthyretin Amyloid Cardiomyopathy (ATTR-CM) Compared to VYNDAQEL 20 mg

Analysis from Phase 3 ATTR-ACT and Its Long-Term Extension Study Demonstrates VYNDAQEL® 80 mg/VYNDAMAX® 61 mg Significantly Improved Survival in Patients with Transthyretin Amyloid Cardiomyopathy (ATTR-CM) Compared to VYNDAQEL 20 mg

—Analysis of the Phase 3 ATTR-ACT clinical trial combined with its long-term extension study published in European Journal of Heart Failure—

NEW YORK–(BUSINESS WIRE)–
Pfizer Inc. (NYSE: PFE) announced today the publication of an analysis showing that VYNDAQEL® (tafamidis meglumine) 80 mg/VYNDAMAX® (tafamidis) 61 mg were associated with a statistically significant improvement in long-term survival in patients with transthyretin amyloid cardiomyopathy (ATTR-CM) compared to VYNDAQEL 20 mg, reaffirming optimal dosing for these patients.

Results from the analysis of the Phase 3 Tafamidis in Transthyretin Amyloid Cardiomyopathy Clinical Trial (ATTR-ACT) and its long-term extension study, which were published in the European Journal of Heart Failure, demonstrated a 30% relative reduction in the risk of death (p=0.0374) among patients with ATTR-CM initially treated with VYNDAQEL 80 mg and subsequently transitioned to VYNDAMAX 61 mg, versus patients initially treated with VYNDAQEL 20 mg and transitioned to VYNDAMAX 61 mg. When adjusting for covariates, including age, biomarkers and functional capacity, the reduction in risk was increased to 43% (p<0.05) for VYNDAQEL 80 mg/VYNDAMAX 61 mg versus VYNDAQEL 20 mg. Both VYNDAQEL 80 mg/VYNDAMAX 61 mg and VYNDAQEL 20 mg were associated with safety profiles similar to placebo.

“Results from this analysis provide valuable information for health care providers by reinforcing that VYNDAQEL 80 mg and the bioequivalent tafamidis free acid 61 mg VYNDAMAX are the appropriate doses for patients with ATTR-CM, demonstrating a clear survival benefit over VYNDAQEL 20 mg,” said Brenda Cooperstone, Chief Development Officer, Rare Disease, Pfizer Global Product Development. “This research, along with our continued work to better understand transthyretin amyloidosis, shows our commitment to addressing the needs of this significantly underserved patient population.”

ATTR-CM is a rare, underdiagnosed, progressive and life-threatening disease caused by unstable transthyretin proteins that misfold and aggregate into amyloid fibrils that can build up in the heart and other parts of the body. The buildup of transthyretin amyloid in the heart causes the heart muscle to stiffen over time, eventually leading to heart failure. Once diagnosed, the median life expectancy in untreated patients with ATTR-CM, dependent on sub-type, is approximately two to 3.5 years.

“With additional patients and a longer duration of treatment, data from the extension study provided further confirmation that VYNDAQEL 80 mg and VYNDAMAX 61 mg are the optimal doses for the treatment of ATTR-CM,” said Thibaud Damy, MD, coordinator of the French Referral Centers for Cardiac Amyloidosis and past president of the French Heart Failure and Cardiomyopathy group, French Society of Cardiology. “These medicines, which provide a significant survival benefit, represent a breakthrough for patients with ATTR-CM who previously had limited treatment options.”

VYNDAQEL and VYNDAMAX are the first and only medicines approved for the treatment of wild-type and hereditary ATTR-CM. The wild-type form involves no mutation and is associated with aging, is thought to be more common and usually affects men over the age of 60. Hereditary, also known as variant, is caused by a mutation in the gene that produces transthyretin and can occur in people as early as their 50s and 60s. Previously, treatment options for patients with ATTR-CM were restricted to symptom management, and, in rare cases, heart (or heart and liver) transplant. The U.S. Food and Drug Administration approved dose VYNDAQEL 80 mg is taken orally once-daily as four 20 mg capsules, and VYNDAMAX 61 mg is a convenient single-capsule, once-daily formulation that has the same active ingredient as VYNDAQEL.

About ATTR-ACT and the Long-Term Extension Study

The Phase 3 study, ATTR-ACT, is the first and only completed global, double-blind, randomized, placebo-controlled clinical trial to investigate a pharmacologic therapy for the treatment of ATTR-CM in both hereditary and wild-type ATTR-CM. The primary analysis of the study, which compared a pooled tafamidis meglumine (80 mg and 20 mg) treatment group to placebo, demonstrated a significant reduction in the hierarchical combination of all-cause mortality and frequency of cardiovascular-related hospitalizations compared to placebo over a 30-month period in patients with wild-type or hereditary ATTR-CM (p=0.0006), the study’s primary endpoint. Additionally, individual components of the primary analysis demonstrated a relative reduction in the risk of all-cause mortality and frequency of cardiovascular-related hospitalization of 30% (p=0.026) and 32% (p<0.0001), respectively, with VYNDAQEL versus placebo.

The long-term extension (LTE) study, which is an ongoing, Phase 3, open-label safety study, was initially designed to obtain additional safety data for VYNDAQEL 20 mg or 80 mg in subjects diagnosed with ATTR-CM, and to continue to provide patients originally enrolled in ATTR-ACT with VYNDAQEL. The LTE study protocol has been more recently amended to transition patients treated with VYNDAQEL 20 mg or 80 mg to VYNDAMAX 61 mg.

In the analysis of the LTE, combined with data from ATTR-ACT, the median follow-up was 51 months and all-cause mortality was assessed using a Cox proportional hazards model (with treatment, baseline NYHA classification, and genotype included in the model); unadjusted; adjusted for age, NT-proBNP, and 6MWT distance as covariates separately; and adjusted for age, NT-proBNP, and six-minute walk test distance together.

About ATTR-CM

ATTR-CM is a rare but life-threatening condition that affects the heart and is associated with heart failure. ATTR-CM occurs when transthyretin, a normal transport protein becomes unstable. The unstable protein misfolds aggregating into amyloid fibrils that can buildup in the heart and other parts of the body. The buildup of transthyretin amyloid in the heart causes the heart muscle to stiffen over time, eventually leading to heart failure. Symptoms of ATTR-CM often mimic those of other more common heart conditions, resulting in the disease being significantly underdiagnosed. Education, awareness and treatment are critical to improving the diagnosis and care of people affected by ATTR-CM.

There are two forms of ATTR-CM. One form, known as hereditary or variant ATTR-CM, is inherited. The other, a non-hereditary form known as wild-type ATTR-CM, is associated with aging and thought to account for the majority of all ATTR-CM cases.

About VYNDAQEL (tafamidis meglumine) and VYNDAMAX (tafamidis)

VYNDAQEL (tafamidis meglumine) and VYNDAMAX (tafamidis) are oral transthyretin stabilizers that selectively bind to transthyretin, stabilizing the tetramer of the transthyretin transport protein and slowing the formation of amyloid that causes ATTR-CM.

VYNDAMAX 61 mg is a once-daily oral capsule developed for patient convenience. VYNDAQEL and VYNDAMAX are not substitutable on a per milligram basis.

Tafamidis is approved for the treatment of ATTR-CM in 48 countries including the US, EU, Brazil, UAE and Canada, among others. VYNDAMAX 61 mg and VYNDAQEL 80 mg are the only U.S. Food and Drug Administration approved doses for the treatment of ATTR-CM.

VYNDAQEL (tafamidis meglumine) 20 mg was first approved in 2011 in the EU for the treatment of transthyretin amyloid polyneuropathy (ATTR-PN), in adult patients with stage 1 symptomatic polyneuropathy to delay peripheral neurologic impairment. Currently, it is approved for ATTR-PN in over 40 countries, including Japan, countries in Europe, Brazil, Mexico, Argentina, Israel, Russia, and South Korea. VYNDAQEL is not approved for ATTR-PN in the US.

In October 2020, VYNDAQEL and VYNDAMAX won the Prix Galien USA Best Biotechnology Product Award. Overseen by the Galien Foundation, the Prix Galien award is among the global health innovation industry’s most celebrated honors, recognizing outstanding biomedical and medical technology product achievement that improves the human condition.

VYNDAQEL® (tafamidis meglumine) and VYNDAMAX® (tafamidis) From the U.S. Important Safety Information

Adverse Reactions

In studies in patients with ATTR-CM the frequency of adverse events in patients treated with VYNDAQEL was similar to placebo.

Specific Populations

Pregnancy: Based on findings from animal studies, VYNDAQEL and VYNDAMAX may cause fetal harm when administered to a pregnant woman.

Lactation: There are no available data on the presence of tafamidis in human milk, the effect on the breastfed infant, or the effect on milk production. Tafamidis is present in rat milk. When a drug is present in animal milk, it is likely the drug will be present in human milk. Breastfeeding is not recommended during treatment with VYNDAQEL and VYNDAMAX.

The full prescribing information for VYNDAQEL and VYNDAMAX can be found here.

Pfizer Rare Disease

Rare disease includes some of the most serious of all illnesses and impacts millions of patients worldwide, representing an opportunity to apply our knowledge and expertise to help make a significant impact on addressing unmet medical needs. The Pfizer focus on rare disease builds on more than two decades of experience, a dedicated research unit focusing on rare disease, and a global portfolio of multiple medicines within a number of disease areas of focus, including hematology, neuroscience, and inherited metabolic disorders.

Pfizer Rare Disease combines pioneering science and deep understanding of how diseases work with insights from innovative strategic collaborations with academic researchers, patients, and other companies to deliver transformative treatments and solutions. We innovate every day leveraging our global footprint to accelerate the development and delivery of groundbreaking medicines and the hope of cures.

Click here to learn more about our Rare Disease portfolio and how we empower patients, engage communities in our clinical development programs, and support programs that heighten disease awareness, development programs, and support programs that heighten disease awareness.

Pfizer Inc.: Breakthroughs That Change Patients’ Lives

At Pfizer, we apply science and our global resources to bring therapies to people that extend and significantly improve their lives. We strive to set the standard for quality, safety and value in the discovery, development and manufacture of health care products, including innovative medicines and vaccines. Every day, Pfizer colleagues work across developed and emerging markets to advance wellness, prevention, treatments and cures that challenge the most feared diseases of our time. Consistent with our responsibility as one of the world’s premier innovative biopharmaceutical companies, we collaborate with health care providers, governments and local communities to support and expand access to reliable, affordable health care around the world. For more than 150 years, we have worked to make a difference for all who rely on us. We routinely post information that may be important to investors on our website at https://www.pfizer.com/. In addition, to learn more, please visit us on www.Pfizer.com and follow us on Twitter at @Pfizer and @Pfizer News, LinkedIn, YouTube and like us on Facebook at Facebook.com/Pfizer.

DISCLOSURE NOTICE: The information contained in this release is as of November 12, 2020. Pfizer assumes no obligation to update forward-looking statements contained in this release as the result of new information or future events or developments.

This release contains forward-looking information about VYNDAQEL (tafamidis meglumine) and VYNDAMAX (tafamidis), and Pfizer’s rare disease portfolio, including their potential benefits, that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Risks and uncertainties include, among other things,uncertainties regarding the commercial success of VYNDAQEL/VYNDAMAX; the uncertainties inherent in research and development, including the ability to meet anticipated clinical endpoints, commencement and/or completion dates for our clinical trials, regulatory submission dates, regulatory approval dates and/or launch dates, as well as the possibility of unfavorable new clinical data and further analyses of existing clinical data; the risk that clinical trial data are subject to differing interpretations and assessments by regulatory authorities; whether regulatory authorities will be satisfied with the design of and results from our clinical studies; whether and when any new or supplemental drug applications may be filed in any other jurisdictions for VYNDAQEL or VYNDAMAX; whether and when regulatory authorities in any other jurisdictions where applications for VYNDAQEL or VYNDAMAX may be pending or filed for the treatment of wild-type or hereditary transthyretin amyloidosis in adult patients with cardiomyopathy (ATTR-CM) or any other potential indications for VYNDAQEL may approve any such applications, which will depend on myriad factors, including making a determination as to whether the product’s benefits outweigh its known risks and determination of the product’s efficacy, and, if approved, whether VYNDAQEL or VYNDAMAX will be commercially successful; decisions by regulatory authorities impacting labeling, manufacturing processes, safety and/or other matters that could affect the availability or commercial potential of VYNDAQEL or VYNDAMAX, including for the treatment of ATTR-CM; the impact of COVID-19 on our business, operations and financial results; and competitive developments.

A further description of risks and uncertainties can be found in Pfizer’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and in its subsequent reports on Form 10-Q, including in the sections thereof captioned “Risk Factors” and “Forward-Looking Information and Factors That May Affect Future Results”, as well as in its subsequent reports on Form 8-K, all of which are filed with the U.S. Securities and Exchange Commission and available at www.sec.gov and www.pfizer.com.

Media Relations:

Lisa O’Neill

0044 7929 339560

Lisa.O’[email protected]

Steve Danehy

212-733-1538

[email protected]

Investor Contact:

Chuck Triano

212-733-3901

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Biotechnology Health Pharmaceutical Clinical Trials Cardiology

MEDIA:

Logo
Logo

Encore Capital Group, Inc. Announces Pricing of Upsized Senior Secured Notes Offering

SAN DIEGO, Nov. 12, 2020 (GLOBE NEWSWIRE) — Encore Capital Group, Inc. (Nasdaq: ECPG) (the “Company”) today announced the pricing of its offering of £300.0 million aggregate principal amount of 5.375% senior secured notes due 2026 (the “notes”), which was upsized by £50.0 million from £250.0 million, in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and outside the United States to non-U.S. persons (within the meaning of Regulation S under the Securities Act).

The notes will be senior secured obligations of the Company, and will be fully and unconditionally guaranteed on a senior secured basis by substantially all material subsidiaries of the Company. The obligations of the Company and the guarantors will be secured, together with the Company’s other senior secured indebtedness, by substantially all of the assets of the Company and the guarantors. The notes will accrue interest at a rate of 5.375% per annum, payable semi-annually in arrears on August 15 and February 15 of each year, beginning on February 15, 2021. The notes will mature on February 15, 2026, unless earlier repurchased or redeemed by the Company.

The Company intends to use the proceeds from this offering to redeem a portion of the outstanding £512.9 million 7.5% senior secured notes due 2023, issued by Cabot Financial (Luxembourg) S.A., a wholly owned subsidiary of the Company, and to pay certain transaction fees and expenses incurred in connection with the offering of the notes.

Upon completion of the offering and the use of proceeds in connection therewith, the Company expects to record related charges in the fourth quarter of 2020 totaling approximately $10 million after tax.

The offer and sale of the notes have not been, and will not be, registered under the Securities Act, and the notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes nor will there be any sale of the notes in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful. Any offer of the securities will be made only by means of a private offering memorandum.

Forward-Looking Statements

This press release includes forward-looking statements, including statements regarding the completion, timing and size of the proposed offering, the intended use of the proceeds and the terms of the notes being offered. Forward-looking statements represent Encore’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the trading price and volatility of Encore’s common stock and risks relating to Encore’s business, including those described in periodic reports that Encore files from time to time with the U.S. Securities and Exchange Commission. Encore may not consummate the proposed offering described in this press release and, if the proposed offering is consummated, cannot provide any assurances regarding the final terms of the notes or its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and Encore does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.

Contact Information

Bruce Thomas, Investor Relations
(858) 309-6442
[email protected] 

FCA/ICMA Stabilization.

MiFID II professionals/ECPs-only – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the United Kingdom.