Acuant Joins Canada’s Digital Identity Organization to Impact a More Secure Future

Acuant and the Digital ID & Authentication Council of Canada (DIACC) Share a Commitment to the Creation of a Trust Framework

LOS ANGELES, Nov. 17, 2020 (GLOBE NEWSWIRE) — Acuant, a leading global provider of identity verification solutions, today announced it has become a member of the Digital ID & Authentication Council of Canada (DIACC). DIACC is a non-profit coalition that includes representatives from both federal and provincial levels of government as well as private sector leaders that are developing a secure Canadian digital identification and authentication framework for consumers and businesses.

Acuant’s mission is to power trust. They accomplish this by enabling trusted transactions that are privacy minded, putting consumers in control of their data and minimizing risk. As the expansion of the digital economy continues and with enterprises harvesting more sensitive data, securing the digital identity of citizens is of critical importance. Acuant is dedicated to helping shape the future of identity services, which will respect the fundamental human rights of privacy in this digital age while building upon the foundations of trust and security.

“Becoming a member of DIACC is a natural extension of who Acuant is and what we stand for – creating a safe ecosystem for digital identities that is embedded with security, privacy and scalability,” said Yossi Zekri, president and CEO at Acuant. “We are excited to join this group and see this as a global mission. The identity landscape is evolving, and we want security and privacy to mirror this to allow the owners of their identities to be in control.”

With digital adoption increasing across all industries alongside increasing fraud, Acuant is at the forefront to ensure proper digital verification establishes trust between businesses and consumers.

“The DIACC strives to grow our membership base to include more of the key players within the identity industry,” said Joni Brennan, DIACC President. “The Council and I welcome Acuant and the thought leadership they can bring to furthering our mission and work.”

DIACC has also formed the Pan-Canadian Trust Framework™ (PCTF) which is a set of guidelines for all organizations to follow when developing digital ID programs to ensure the proper infrastructure is in place. The goal is to decrease costs for governments, consumers, and business while improving service delivery and driving GDP growth.

About
Acuant

Acuant’s Trusted Identity Platform powers trust for all industries with automated identity verification, regulatory compliance (AML/KYC) and digital identity solutions. Omnichannel deployment offers seamless customer experiences to fight fraud and establish trust from any location in seconds. Patented technology is powered by AI and human assisted machine learning to deliver unparalleled results and operational efficiency. Acuant gives you real time, actionable insights to detect suspicious behavior while expediting trusted identities. With leading partners in every major industry and completing more than 1 Billion transactions in over 200 countries and territories, Acuant is the leader in global coverage. To learn more visit http://www.acuant.com

Contact

Malini Gujral
[email protected]



Atlas Technical Consultants, Inc. Announces Expiration and Results of Exchange Offer and Consent Solicitation Relating to its Warrants

AUSTIN, Texas, Nov. 17, 2020 (GLOBE NEWSWIRE) — Atlas Technical Consultants, Inc. (NASDAQ: ATCX) (“Atlas” or the “Company”), a leading provider of professional testing, inspection, engineering, environmental and consulting services, today announced the expiration and results of its previously announced exchange offer (the “Exchange Offer”) and consent solicitation (the “Consent Solicitation”) relating to certain of its outstanding warrants. The Exchange Offer and Consent Solicitation expired at midnight (end of day), Eastern Standard Time, on November 16, 2020.

Atlas has been advised that 19,759,386 public warrants and 3,750,000 private placement warrants, or approximately 98.80% of the outstanding public warrants and 100% of the outstanding private placement warrants, respectively, were validly tendered and not validly withdrawn prior to the expiration of the Exchange Offer and Consent Solicitation. Atlas expects to accept all validly tendered warrants for exchange and settlement on November 18, 2020. Pursuant to the Offer, the Company expects to issue an aggregate of 4,349,174 shares of its Class A common stock in exchange for the warrants. On November 18, 2020, the Company expects to have outstanding shares of class A common stock of 10,116,516, compared to 5,767,342 of class A common stock at the commencement of the Exchange Offer.

In addition, pursuant to the Consent Solicitation, the Company received the approval of approximately 99.0% of the outstanding warrants to the Warrant Amendment, which exceeds the majority of the outstanding warrants required to effect the Warrant Amendment. The Warrant Amendment was executed on November 17, 2020.

BofA Securities, Inc. was the Dealer Manager for the Exchange Offer and Consent Solicitation.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, the securities described herein and is also not a solicitation of the related consents. The exchange offer was made only pursuant to the terms and conditions of the Prospectus/Offer to Exchange and related letter of transmittal.

About
Atlas Technical Consultants

Headquartered in Austin, Texas, Atlas is a leading provider of professional testing, inspection, engineering, environmental, program management and consulting services. Under the name Atlas Technical Consultants, we offer solutions to public and private sector clients in the transportation, commercial, water, government, education and industrial markets. With approximately 140 offices in 41 states and approximately 3,300 employees, Atlas provides a broad range of mission-critical technical services, helping clients test, inspect, certify, plan, design and manage a wide variety of projects across diverse end markets. For more information, go to https://www.oneatlas.com. 

Forward-Looking Statements

This press release contains certain forward-looking statements, including but not limited to, statements relating to the Company’s public offering. Forward-looking statements are based on the Company’s current expectations and assumptions. The Private Securities Litigation Reform Act of 1995 provides a safe-harbor for forward-looking statements. These statements may be identified by the use of forward-looking expressions, including, but not limited to, “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “potential,” “predict,” “project,” “should,” “would” and similar expressions and the negatives of those terms, including without limitation, risks related to customary closing conditions or other risks discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, as updated by its Quarterly Report on Form 10-Q for the quarter ended September 30, 2020 and in the preliminary prospectus related to the proposed offering filed with the Securities Exchange Commission. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

Contact:

Media

Karlene Barron
770-314-5270
[email protected]

Investor Relations

512-851-1507
[email protected] 



Tis the Season for Cannabis Beverages with Consideration at All Time High

New data from Truss Beverage Co. shows 87% of Canadians surveyed familiar with cannabis beverages; with 26% considering giving as a gift this holiday season

Toronto, Ontario, Canada, Nov. 17, 2020 (GLOBE NEWSWIRE) — A new study from Truss Beverage Co. shows that heading into the holiday season consideration of cannabis beverages is at an all time high, with 87 per cent of legal-age Canadians now familiar with the format1. Gifting is high on the agenda this holiday with 26 per cent of adults considering giving cannabis beverages to family or friends, and nearly one fifth intend to purchase the beverages for themselves1.

Truss Beverage Co., a joint venture between Molson Coors Canada and HEXO Corp., has developed one of the widest portfolios of cannabis beverages available in Canada today, focusing on great taste, consistency and choice for consumers of legal age. Entering the holidays, a time traditionally synonymous with celebratory food and beverages, there’s never been a better time for Canadians of legal age to welcome cannabis beverages into their holiday lineup. 

“Since day one our priority has been the consumer and their experience, and that’s not gone unnoticed by Canadians,” said Scott Cooper, President and CEO, Truss Beverage Co. “It’s been only three months since we launched, and in the past four weeks we’ve achieved a 34 per cent market share nationally2, with more products rolling into the market until the end of the year. Now we’re seeing that Canadians of legal age are ready to shake up their holiday season and embrace cannabis infused beverages. All indicators are that this is a trend that will continue to grow.”

This holiday season will be different from previous years, with gatherings and celebrations expected to be more intimate affairs, and Canadians are looking to embrace the shift by integrating new rituals into their holiday routines. Data from Truss’ study of Canadians of legal age shows:

  • 23% of respondents plan to make cannabis a bigger part of their holiday celebrations this season1; of those
    • 36% plan on trying new formats of cannabis;
    • 20% will consume less alcohol. 
  • 19% intend to purchase cannabis beverages for themselves during the holidays.
  • 21% of those surveyed currently consume cannabis beverages.

“2021 will be an exciting year for cannabis beverages,” said Cooper. “As the cannabis industry continues to evolve across North America, we’re going to see both consumer demand and market offerings increase. We believe we’re at the forefront of something remarkable, changing what adult beverages mean to Canadians. Committing to continued innovation and a robust pipeline will be essential to remain ahead.”

Since the legalization of cannabis 2.0 products last year, cannabis beverages have become a welcome option for consumers, for offering both consistency and an alternative way to consume cannabis. 35 per cent of legal age Canadians who consume cannabis beverages do so because it means they don’t have to smoke1

Proudly made in Belleville, Ontario, each Truss Beverage product has been crafted to ensure a more consistent and enjoyable experience for the consumer. All CBD and THC beverages within the portfolio offer a controlled dosage, with most products having a low to medium dose of THC (2.5mg- 5mg): 


  • Little Victory:
    Vibrant, naturally flavoured sparkling beverages to celebrate the season’s little victories.

  • House of Terpenes:
    A range of sparkling tonics with botanically sourced terpenes that pair well with a festive dinner among friends.

  • Mollo:
    Crisp, with an easy drinking taste, for those moments on the couch, watching a holiday movie or game.

  • Veryvell:
    A complete line-up of products for when you have a holiday moment to yourself.

  • XMG

    : Bold beverages with high intensity flavour to enjoy on your own terms.

For Canadians of legal age starting to explore cannabis beverages this season, Truss advises that everyone start low and sip slow, as everyone’s relationship with cannabis is personal.

To learn more about products from Truss Beverage Co. visit www.TrussBeverages.com.

About Truss Beverage Co.


Truss Beverage Co. is a joint venture between MolsonCoors Canada and HEXO Corp., a licensed producer of cannabis products in Canada; formed to lead innovation in the development of non-alcoholic, cannabis-beverages for the Canadian market. Produced through Truss/HEXO Cannabis Infused Beverages, a division of HEXO, the Truss portfolio has a range of products for Canadian consumers of legal age, providing a variety of taste experiences for multiple beverage occasions.

Truss Beverage Co. will deliver on its promise to be the cannabis beverage specialist through extraordinary products and marketing that reinforces its commitment to responsible adult use.

 

About the Angus Reid Forum:

The Angus Reid Forum is Canada’s most well-known and trusted online public opinion community consisting of engaged residents across the country who answer surveys on topical issues that matter to all Canadians.

 


1 Findings of a survey conducted by Truss Beverage Co. from Nov 4, 2020 to Nov 9, 2020 with a sample of 1,500 Canadian cannabis non-rejectors online who are members of the Angus Reid Forum.

2 Truss internal proprietary market share tracker from October 11, 2020 through November 8, 2020, representative of dollar share.

 

Attachments



Summer Martin
Truss Beverage Co.
1-(226)-224-0977
[email protected]

Open Invention Network Celebrates Its 15th Year Protecting Core Linux and Open Source from Patent Aggression

OIN’s efforts have enabled businesses and organizations to confidently invest their resources to develop, integrate and use open source software.

DURHAM, N.C. , Nov. 17, 2020 (GLOBE NEWSWIRE) — Open Invention Network (OIN) is celebrating its 15th year protecting the Open Source Software (OSS) community from patent risk. OIN’s efforts have enabled businesses and organizations to confidently invest their resources to develop, integrate and use OSS, safeguarding them from patent risk in core Linux and adjacent OSS technologies.

“Freedom to participate in open source projects and adopt Linux and other open source code has been enabled through broad based participation in the OIN cross-license, which has become a litmus test for authenticity in the open source community,” according to Keith Bergelt, CEO of Open Invention Network. “Joining the OIN community demonstrates an explicit recognition among signatories of a commitment to open source technologies and the set of norms required around the appropriate use of patents in an increasingly open source-centric world. Companies that do not sign the OIN license and refuse to participate in this rapidly growing community are explicitly or implicitly reserving the right to use their patents to litigate on core Linux and OSS functionality.”

Since its founding in 2005, powered by the contributions of many individuals and organizations, OIN has grown to be the largest patent non-aggression community in history with over 3,300 participants. Over the past 15 years, OIN’s community has experienced a compounded annual growth rate (CAGR) for licensees of more than 50%, and the OIN community in total now owns more than 2.6 million patents and applications. In addition, OIN provides royalty-free access to its strategic portfolio of more than 1,300 worldwide patents and applications.

The scope of patent non-aggression between OIN community members is defined by OIN’s Linux System definition. It has evolved to include nearly 3,400 software packages, which is three times that which was covered at its launch in 2005. This ensures freedom of action in global open source projects and technology platforms including Linux, Python, GNOME, SUSE, X.org, Perl, Fedora, Android, Hyperledger, Open Stack, Apache, Avro, Kafka, Spark and Hadoop; Automotive Grade Linux (AGL), Robot Operating System (ROS), KDE Frameworks, Eclipse Paho and Mosquito, among many others.

In addition to its historic focus of limiting operating companies antagonistic to Linux and OSS from using patents to slow or stall OSS development, OIN has worked with numerous community members to either eradicate patent aggressors’ lawsuits or enable members to settle disputes cost effectively. As patent risk has evolved to include patent assertion entities (PAEs), OIN has shifted a portion of its focus and partnered with IBM, The Linux Foundation, and Microsoft to fund the first anti-PAE program – Unified Patents’ Open Source Zone – designed specifically to limit the effect of PAE aggression directed at the open source community.

OIN’s community explicitly supports patent non-aggression in core Linux and adjacent open source technologies by cross-licensing Linux System patents to one another on a royalty-free basis. Patents owned by OIN are similarly licensed royalty-free to any organization that agrees not to assert its patents against the Linux System. The OIN license can be signed online at http://www.j-oin.net/.

“Open Invention Network is a unique organization. For 15 years, it has protected the Linux and open source community from patent aggression, while fostering a community that understands that value of shared technological development,” said Tim Kowalski, Chairman of Open Invention Network. “It has been an honor to have worked with the OIN team, and fellow OIN Board members, to plan and implement the strategic initiatives that have provided protection for open source.”

“Google has been a proud member of OIN since joining the community in 2007. Linux and adjacent open source software power the cloud-based services of today and tomorrow,” said Chris DiBona, Director of Open Source at Google. “Throughout, OIN has been there to ensure that open source remains safe for users, consumers, and developers alike to consume and upon which to build.”

“Since its inception 15 years ago, OIN has provided unprecedented protection to enable the incredible growth and adoption of Linux and other related open source software around the world,” said Ken King, General Manager, OpenPower at IBM. “As the OIN community has grown to over 3,000 members and the Linux definition has matured, that protection has only grown stronger. IBM and Red Hat have been two of the leading proponents and drivers of Linux and open source software for over 20 years and have been founding members of OIN since its inception. Today, IBM and Red Hat continue to share with OIN a deep and unwavering commitment to scale Linux and open source innovation providing flexibility, choice and leadership for the industry.”

“Global adoption of Linux and other open source technologies is an irreversible trend. For the last fifteen years, they have transformed almost every industry,” said Hirotake Konda, Deputy General Manager of IP Management Division and Department Manager of Licensing Department of NEC, and Jackson Chen, Senior Associate General Counsel of NECAM. “By sharing innovation, Linux and open source capabilities have soared, application interoperability is unprecedented, connectivity is virtually everywhere, while business and consumer productivity are at all-time highs. By blocking patent aggression in open source, OIN has enabled safer investments in product development and helped to enable these innovations.”

“Philips is proud to be a founder of the Open Invention Network. Over the years, OSS has been an important building block for many of our businesses, and is increasingly important for the medical and health tech industries. OSS enables faster development of monitoring, imaging, diagnostic, and informatic platforms, while driving down costs,” said Jako Eleveld, Head of IP Licensing of Royal Philips. “With more than 3,300 community members, OIN is ensuring that OSS innovation continues its rapid pace, in a safe environment enabled by licensing.”

“At the time of OIN’s founding, open source was nascent, and most software was built in silos. During the past 15 years, we have been pleased to watch the OIN community grow from 6 members to more than 3300,” said Peter Toto, Senior VP, IP Counsel at Sony Corporation of America. “The OIN community’s powerful cross license has enabled businesses to safely develop and sell innovative new systems and platforms that have revolutionized the way the world conducts business.”

“As a global leader in open source, SUSE enables innovation from the largest data centers in the world to cloud environments, and our technology is embedded in every day devices like cars, points of sale, and MRIs. Open source infrastructure is the power behind the cloud and digital transformation, and our customers rely on us for mission critical business outcomes and for innovation,” said Thomas Di Giacomo, president of engineering and innovation at SUSE. “As a leader in bringing open source solutions to enterprises, including enterprise Linux, we see firsthand why Linux is the number one platform for cloud, embedded devices and high-speed containers at the edge. Open source is one of the fastest growing markets in the industry, in part, due to the protection afforded by the OIN, which we are a proud active member for years, and its patent non-aggression community.”

“Over its history, the automotive industry has undergone periods of significant innovation. We are now undergoing a fundamental shift in the way automotive platforms are used by consumers and businesses. Automotive Grade Linux and other OSS projects are helping the industry rapidly transform. By protecting them from patent risk, OIN has enabled automotive manufacturers to effectively integrate new kinds of software-based technologies into cars.” said Yosuke Iida, General Manager of Intellectual Property Division at Toyota.


About Open Invention Network


Open Invention Network (OIN) is the largest patent non-aggression community in history and supports freedom of action in Linux as a key element of open source software (OSS). Patent non-aggression in core technologies is a cultural norm within OSS, so that the litmus test for authentic behavior in the OSS community includes OIN membership. Funded by Google, IBM, NEC, Philips, Sony, SUSE, and Toyota, OIN has more than 3,300 community members and owns more than 1,300 global patents and applications. The OIN patent license and member cross-licenses are available royalty-free to any party that joins the OIN community.

For more information, visit http://www.openinventionnetwork.com.


Media-Only Contact:

Ed Schauweker
AVID Public Relations for Open Invention Network
[email protected]
+1 (703) 963-5238

Global WholeHealth Partners, Corp Describes the Pros and Cons of the Common Types of COVID-19 Test Kits Available

San Clemente, CA, Nov. 17, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — The coronavirus disease 2019 (COVID-19) pandemic has placed the world in a tailspin, which the healthcare industry has responded to in kind with the development and rapid deployment of tests designed to detect infection. Many of these tests help clinicians and researchers accurately identify severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), the virus responsible for COVID-19.

And while these tests have been crucial in identifying and tracking cases of infection and disease-related morbidity and mortality, they aren’t without their potential drawbacks.

Types of COVID-19 Tests

Several new methods have been developed to diagnose COVID-19, many of which have their own alternative methods of administration and unique benefits:

Antigen Rapid, point-of-care diagnostic tests: These tests, which can be classified as antigen or, rely on a mucus sample obtained from the throat or nose and is analyzed is used in a rapid device similar to a Flu test, at a clinic or physician’s office. Results from these tests can often be available within minutes.

Antibody Rapid, point-of-care diagnostic tests: These tests, which can be classified as serological, rely on fingertip blood obtained from the patient with results in minutes.

Molecular: These tests, which are classified as molecular rely of nasal or throat swab samples with results as soon as 90 minutes.

Diagnostic Tests: Molecular vs Antigen Tests

There are two main types of COVID-19 tests which identify the virus, either the Partial Genetic Marker of the Virus in the Molecular Test or Specific Protein found on the Virus in the Rapid Antigen IgA Test.

Getting a test for COVID-19 can be challenging for some people, especially considering the rapid evolution on testing guidance on testing options. While each test features its own limitations, molecular tests are perhaps the most effective strategies available, but take the longest amount of time and must be done in a lab, or hospital in most cases.

Below is an overview of these different tests, including what they can do to identify the disease and their limitations.

RT-PCR

The RT-PCR is the most common test that is frequently used to detect the virus’s Partial Genetic Marker of the Virus in the body. Using this test, patients can know whether or not they have an active COVID-19 infection and can adjust their lifestyle accordingly (i.e., quarantine or not).

Pros

Minimally invasive – performed using nasal swabs and throat swabs.

Allows for social distancing – while some molecular tests, including RT-PCR, are sometimes conducted at a hospital or clinic, swabs can also be taken from the patient’s car or at home and evaluated at a urgent care, clinic, doctor’s office or hospital.

Fewer false negatives in some instances – deep nasal swabs will have fewer false negatives compared with other tests, such as throat swabs or saliva tests

Cons

Long turnaround times – in some instances, RT-PCR tests can yield results in the same day or within one to two days, but test results taking up to one to two weeks have been reported during the pandemic

False negatives – molecular tests have been shown to produce results that say the patient doesn’t have the virus when they actually do; the rates of false-positives have ranged from 2% to 37%. If too many cycles are run, there is a high false positive rate as well.

Uncomfortable for some people – deep nasal swabs can be uncomfortable for some people, especially small children

Antigen Tests

Antigen tests, which are performed using a nasal or throat swab, help detect specific protein fragments residing on the surface of the virus.

Pros

Rapid results: The test uses technology similar to that used in an Influenza test and yields results within minutes. Tests are point of care and can be performed at urgent cares.

“This test could be used at point-of-care settings, like a doctor’s office, emergency room, or some schools. This test has been authorized for use in patients suspected of COVID-19 by their healthcare provider within seven days of symptom onset. Given the simple nature of this test, it is likely that these tests could be made broadly available. Global can increase production to 120,000 tests per day, once approved.”

https://www.fda.gov/news-events/press-announcements/covid-19-update-fda-authorizes-first-diagnostic-test-where-results-can-be-read-directly-testing-card

Cons

High false-negative rate: Antigen tests produce higher false-negative rates than molecular RT-PCR tests, with some evidence suggesting rates as high as 50%.

Antibody Tests

Antibody tests look for specific antibodies generated by the immune system in response to a virus, including SARS-CoV-2. Antibodies are proteins that the body produces to combat active invading viruses and active infections. This test is also known as a serological test, blood test and serology test and involves taking a sample with a fingertip blood.

Pros

The Antibody test detects if a person has or has had the Corona Virus. The point-of-care (POC) antibody test uses fingertip blood and can give the results with 5 to 10 minutes.

“Binding antibodies can be detected with blood tests starting about one week after the initial infection. If antibodies are found, it’s extremely likely that the person has been infected with the COVID-19 coronavirus.” www.health.harvard.edu

Cons

It can take several days or weeks to develop antibodies after viral exposure, depending on the individual.

Global WholeHealth Partners Corp offers all the formats for testing CoViD 19 SARS 2. Global has the Antibody IgG/IgM Rapid antibody, including the POC (Point of Care), the rtPCR CoViD 19 SARS test, which works on any machine, all these tests are FDA EUA AUTHORIZED. 

Global also offers for international sales the Antigen Rapid IgA test, which is not FDA EUA Authorized.

Call 1-877-568-GWHP (4947) to become a distributor or buy FDA EUA Authorized SARS-COV-2 IgG/IgM Antibody Whole Blood, Serum and Plasma Rapid Test kits, or the Point of Care IgG/IgM fingertip blood format or the rtPCR test. 

About Global WholeHealth Partners Corp.:

Global WholeHealth Partners Corp. provides cutting edge technology using In-vitro Diagnostic (IVD) Real-Time PCR Machines that detects in about 60 minutes and Rapid Diagnostic Testing (RDT) Serum Plasma, Whole Blood and Fingertip blood that detect between 10-15 minutes, which predict diseases ahead of its industry competitors.

For international testing, which is not sold in the USA, but has a Certificate of Exportability by the FDA Certificate No. 2260-11-2019, are tests like Rapid Ebola, Rapid Dengue Fever Antibody and Antigen, Rapid Tuberculosis (TB), Rapid Malaria, and many other rapid tests.

The rapid antibody test allows results to be available in 15 minutes or less.  By so doing, GWHP has led the fight against vector-borne terminal diseases such as Ebola, ZIKA, Dengue, Malaria, Influenza and Tuberculosis, Corona Viruses, and among other vector-borne diseases. Our vision is to lead the industry in infectious disease diagnostics and provide molecular solutions that lessen the time to diagnose medical results and empower healthcare professionals.

For more details: https://gwhpcorp.com

Media Contact:

Name: Charles Strongo,

CEO, Global WholeHealth Partners Corp.

Email: [email protected]

Forward-Looking Statements

This press release contains “forward-looking statements.”  Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) market acceptance of our existing and new products, (ii) negative clinical trial results or lengthy product delays in key markets, (iii) an inability to secure regulatory approvals for the sale of our products, (iv) intense competition in the medical device industry from much larger, multinational companies, (v) product liability claims, (vi) product malfunctions, (vii) our limited manufacturing capabilities and reliance on subcontractors for assistance, (viii) insufficient or inadequate reimbursement by governmental and other third party payers for our products, (ix) our efforts to successfully obtain and maintain intellectual property protection covering our products, which may not be successful, (x) legislative or regulatory reform of the healthcare system in both the U.S. and foreign jurisdictions, (xi) our reliance on single suppliers for certain product components, (xii) the fact that we will need to raise additional capital to meet our business requirements in the future and that such capital raising may be costly, dilutive or difficult to obtain and (xiii) the fact that we conduct business in multiple foreign jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical and communications challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.



Yum China Named Industry Leader in 2020 Dow Jones Sustainability Index

PR Newswire

SHANGHAI, Nov. 17, 2020 /PRNewswire/ — Yum China Holdings, Inc. (the “Company” or “Yum China“, NYSE: YUMC and HKEX: 9987) has been named the Industry Leader for the Restaurant & Leisure Facilities Industry in the 2020 Dow Jones Sustainability Indices (DJSI). Yum China has also been selected as the member of 2020 DJSI World and DJSI Emerging Markets.

Yum China earned an impressive total score of 73 out of 100 points, compared with an industry average of 22 points. This reflects the Company’s strong performance across economic, environmental and social dimensions, receiving industry best scores in a number of criteria, including supply chain management, risk & crisis management, brand management, packaging as well as labor practice indicators.

“It is an honor to be named as an Industry Leader in this prestigious list of global sustainability leaders,” said Joey Wat, CEO of Yum China. “As China’s leading restaurant company, this latest recognition is testament to our on-going commitment to working with stakeholders across the value chain to promote economic, social, and environmental sustainability.”

Launched in 1999, the DJSI is one of the world’s foremost sustainability indices, analyzing more than 7,300 companies representing approximately 95% of global market capitalization. The DJSI World recognizes the top 10 percent of companies in the S&P Global Broad Market Index for performance on environmental, social and governance (ESG) issues, while the DJSI Emerging Markets rewards the top 10% of the largest 800 companies in 20 emerging markets based on long-term ESG criteria.

“We congratulate Yum China for being included in the DJSI World & Emerging Markets. A DJSI distinction is a reflection of being a sustainability leader in your industry. With a record number of companies participating in the 2020 Corporate Sustainability Assessment and more stringent rules for inclusion this year, this sets your company apart and rewards your continued commitment to people and planet,” said Manjit Jus, Global Head of ESG Research and Data, S&P Global.

As China’s largest restaurant company in terms of system sales, Yum China has a long-standing commitment to sustainability. Yum China’s sustainability strategy, “Creating a Responsible Ecosystem” (CARE), is fully integrated with the Company’s long-term business growth strategy and has for many years driven the continuous improvement of the Company’s ESG performance. By making sustainable development an integral part of business operations, Yum China is committed to providing safe and nutritious food for customers, while promoting mutually beneficial stakeholder relationships, thereby enhancing the Company’s long-term value.

For more information on Yum China’s corporate sustainability and CSR initiatives, please visit http://www.yumchina.com/respIndex 

Forward-Looking Statements

This press release contains “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. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as “expect,” “expectation,” “believe,” “anticipate,” “may,” “could,” “intend,” “belief,” “plan,” “estimate,” “target,” “predict,” “likely,” “will,” “should,” “forecast,” “outlook,” “look forward to” or similar terminology. These statements are based on current estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable under the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Forward-looking statements are not guarantees of performance and are inherently subject to known and unknown risks and uncertainties that are difficult to predict and could cause our actual results to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or assumptions will be achieved. The forward-looking statements included in this press release are only made as of the date of this press release, and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. You should consult our filings with the Securities and Exchange Commission (including the information set forth under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations ” in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q) for additional detail about factors that could affect our financial and other results.

About Yum China Holdings, Inc.

Yum China Holdings, Inc. is a licensee of Yum! Brands in mainland China. It has exclusive rights in mainland China to KFC, China’s leading quick-service restaurant brand, Pizza Hut, the leading casual dining restaurant brand in China, and Taco Bell, a California-based restaurant chain serving innovative Mexican-inspired food. Yum China also owns the Little Sheep, Huang Ji Huang, East Dawning and COFFii & JOY concepts outright. Yum China also partners with Lavazza to explore and develop the Lavazza coffee shop concept in China. The Company had 10,150 restaurants in over 1,400 cities at the end of September 2020. Yum China ranked # 361 on the Fortune 500 list for 2020. In 2020, Yum China was named to the Bloomberg Gender-Equality Index and was certified as a Top Employer 2020 in China by the Top Employers Institute, both for the second consecutive year. For more information, please visit http://ir.yumchina.com.

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SOURCE Yum China Holdings, Inc.

OneConnect: Technology Will Drive Restructure of Financial Services

PR Newswire

SHENZHEN, China, Nov. 17, 2020 /PRNewswire/ — With the advancement of new financial infrastructure, the integration of online and offline financial institutions will be a key driver of revenue growth. OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions and an associate of the Ping An Group, is leading the way in China.

At a recent technology industry roundtable discussion in Shenzhen, Mr. Ricky Ou, CEO of Gamma of OneConnect, said the new digital infrastructure will have four impacts on traditional finance: creating new drivers for consumption; promoting the digital transformation of financial institutions; improving industry efficiency; and assisting in the restructure of the financial sector.

COVID-19 Created Urgency for Contact-Free Banking

Within the trend of digital transformation, the COVID-19 pandemic has created urgency for traditional banks to increase online capabilities. For example, during the epidemic, OneConnect used artificial intelligence, big data and other technologies to help many banks build “contact-free banks” to fight the epidemic while maintaining business.

Digitized Operations Improves Lending for SMEs

As an important builder of new fintech infrastructure, OneConnect has actively seized opportunities in recent years and continuously improved its own capacity.

At the beginning of this year, OneConnect provided technical support for a financing platform for small and medium-sized enterprises (SMEs) that was launched in Guangdong Province to address the issues of “difficult, expensive and slow financing” of SMEs. By September 2020, the platform had access to a total of 250 government data from 34 government units, and collected comprehensive information for more than 13 million SMEs in the province. More than 350 financial institutions have launched more than 1,000 financing products on the platform, more than 500,000 enterprises registered, and the total amount of financing has exceeded RMB30 billion.

New Regulatory Framework Needed

While the new infrastructure will facilitate the digital transformation of the traditional financial sector, it will also create some new challenges. Fintech innovation itself requires a deep integration of technology and finance to promote two-way interaction and improvement of financial and technological capabilities. However, at the same time, the innovation of financial infrastructure also needs a new regulation framework for digital supervision and compliance.

In order to avoid a bottleneck in implementing new financial infrastructure, the financial sector needs to enhance the autonomous control of fintech and engage industry associations and regulators to build a robust financial technology ecosystem.

Gamma Platform Accelerates Digital Transformation

The OneConnect Gamma platform and its business line product portfolio is a solution that covers banking, insurance and investment. Built on more than 30 years of financial experience of the Ping An Group, Gamma integrates advanced Ping An technologies in core system, data service, open platform, artificial intelligence and cloud services. It empowers financial institutions and financial regulators by lowering technology barriers and building an efficient financial and technology innovation ecosystem to accelerate digital transformation.

About OneConnect

OneConnect is a leading technology-as-a-service platform for financial institutions in China. The Company’s platform provides cloud-native technology solutions that integrate extensive financial services industry expertise with market-leading technology. The Company’s solutions provide technology applications and technology-enabled business services to financial institutions. Together they enable the Company’s customers’ digital transformations, which help them increase revenue, manage risks, improve efficiency, enhance service quality and reduce costs.

Our technology-as-a-service platform strategically covers multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses – from sales and marketing and risk management to customer services, as well as technology infrastructure such as data management, program development, and cloud services.

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SOURCE OneConnect

Puxin Limited to Hold Annual General Meeting on December 18, 2020

PR Newswire

BEIJING, Nov. 17, 2020 /PRNewswire/ — Puxin Limited (NYSE: NEW) (“Puxin” or the “Company”), a successful consolidator of the after-school education industry in China, today announced that it will hold its annual general meeting of shareholders (the “AGM”) at Floor 16, Chuangfu Mansion, No. 18 Danling Street, Haidian District, Beijing, People’s Republic of China on December 18, 2020 at 9:00 a.m.11:00 a.m. (Beijing Time).

No proposal will be submitted for shareholder approval at the AGM. Instead, the AGM will serve as an open forum for shareholders and beneficial owners of the Company’s American Depositary Shares (“ADSs”) to discuss Company affairs with management.

The record date (the “Record Date”) for determining the shareholders entitled to receive notice of the AGM or any adjournment or postponement thereof has been set as the close of business on November 23, 2020.

Holders of record of the Company’s ordinary shares at the close of business on the Record Date are entitled to attend the AGM and any adjournment or postponement thereof in person. Beneficial owners of the Company’s ADSs are also welcome to attend the AGM in person.

About Puxin Limited

Puxin Limited (NYSE: NEW) (“Puxin” or the “Company”) is a successful consolidator of the after-school education industry in China. Puxin has a strong acquisition and integration expertise to effectively improve education quality and operational performance of acquired schools. Puxin offers a full spectrum of K-12 and study-abroad tutoring programs designed to help students achieve academic excellence, as well as prepare for admission tests and applications for top schools, universities and graduate programs in China and other countries. The Company has developed a business model effectively combining strategic acquisitions and organic growth achieved through successful post-acquisition integration, which has differentiated the Company from other after-school education service providers in China.

For more information, please contact:

Puxin Limited

Phone: +86-10-6269-8930
E-mail: [email protected]

Institutional Capital Advisory (ICA)

Mr. Kevin Yang

Phone: +86-021-8028-6033
E-mail: [email protected]

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SOURCE Puxin Limited

CNFinance to Report Third Quarter and 9 Months 2020 Financial Results on Monday, November 23, 2020

PR Newswire

GUANGZHOU, China, Nov. 17, 2020 /PRNewswire/ — CNFinance Holdings Limited (NYSE: CNF) (“CNFinance” or the “Company”), a leading home equity loan service provider in China, today announced that it will report its unaudited financial results for the third quarter and 9 months ended September 30, 2020, after U.S. markets close on Monday, November 23, 2020.

CNFinance’s management will host an earnings conference call at 8:00 PM U.S. Eastern Time on Monday, November 23, 2020 (9:00 AM Beijing/ Hong Kong Time on Tuesday, November 24, 2020).

Dial-in numbers for the live conference call are as follows:

International:

+1-412-902-4272

Mainland China

+86-4001-201203

United States:

+1-888-346-8982

Hong Kong:

+852-3018-4992

Passcode:

CNFinance

A telephone replay of the call will be available after the conclusion of the conference call until 11:59 PM ET on November 30, 2020.

Dial-in numbers for the replay are as follows:

International:

+1-412-317-0088

United States:

+1-877-344-7529

Passcode:

10149970

A live and archived webcast of the conference call will be available on the Investor Relations section of CNFinance’s website at http://ir.cashchina.cn/.

About CNFinance Holdings Limited

CNFinance Holdings Limited (NYSE: CNF) (“CNFinance” or the “Company) is a leading home equity loan service provider in China. CNFinance facilitates loans by connecting micro- and small-enterprise (“MSE”) owners with its funding partners. The Company’s primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities in China. The loans CNFinance facilitates are primarily funded through a trust lending model with its trust company partners who are well-established with sufficient funding sources and have licenses to engage in lending business nationwide. The Company’s risk mitigation mechanism is embedded in the design of its loan products, supported by an integrated online and offline process focusing on risks of both borrowers and collateral and further enhanced by effective post-loan management procedures. 

 

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SOURCE CNFinance Holdings Limited

IBM Study: Majority of Global Consumers Embrace e-Commerce, Sustainability for the Holidays Amid COVID-19

PR Newswire

Many consumers are adjusting holiday shopping, travel and vacation plans due to heightened concerns about the COVID-19 pandemic globally

ARMONK, N.Y., Nov. 17, 2020 /PRNewswire/ — While the holiday shopping season will be different in many ways due to the COVID-19 pandemic, sustainability is still top of mind for many global consumers, according to the latest findings of a global IBM (NYSE: IBM) Institute for Business Value study.

54% of global consumers surveyed reported they are willing to change their holiday purchasing habits to help reduce environmental impact. This perspective was even more prevalent in some countries around the world, notably India (74%), Mexico (74%) and Brazil (66%). That is only slightly fewer than the 57% who reported similarly in a January 2020IBM/NRF study of almost 19,000 consumers.

Despite the disruption to many consumers’ budgets and employment caused by COVID-19, shoppers are looking for more than just a good deal. 44% of consumers surveyed reported they will be considering sustainability to a great extent when shopping or choosing a brand this year.

The study “Home for the Holidays” includes insights from more than 12,500 consumers in October across Brazil, Canada, Germany, India, Mexico, Spain, the United Kingdom and the United States. It revealed how consumer outlook and shopping, travel and vacation plans are shifting globally amid COVID-19.

“The research shows more consumers have started their holiday shopping earlier than in prior years, and many plan to shop online instead of in-store given rising cases of COVID-19. While last year 60% of shopping was done in-store and almost 30% online, this year those numbers may be nearly reversed,” said Jesus Mantas, senior managing partner, IBM Services. “Businesses should be prepared to provide a personalized digital-first platform to engage customers, and use technologies such as Cloud and Artificial Intelligence to help them handle fluctuations in demand, manage their supply chains in near real time, and create a better experience to serve holiday shoppers’ needs.”

Online shopping will continue to reign supreme

IBM’s latest holiday forecast is projecting a 1.8% increase in November-December retail sales compared to 2019. And IBV survey research suggests 2020 will be a digital-first shopping holiday season.

More than 60% of global consumers surveyed indicated that they plan to buy online, ship to home or other destinations, or buy online and pick-up in-store or curbside, with the highest growth in usage for buy online, ship to home or other destinations among Baby Boomers (ages 55-70+) — +116% compared to last year. According to the report, while 62% of consumers surveyed shopped in-store last year for the holidays, only 28% plan to do so this year.

When choosing gifts, consumers surveyed reported they are leaning towards products over experiences. Many survey respondents said they will spend more on digital/streaming entertainment (+39% over last year), furniture (+33% over last year), electronic goods (+13% over last year) and toys and games (+9% over last year).

Consumer concerns about the COVID-19 pandemic will impact travel and vacation plans

Concerns about the COVID-19 pandemic remain high, according to the study. In the US, 72% of consumers surveyed are concerned about a second wave of COVID-19 in 2020 (65% in September), and 74% say the COVID-19 pandemic has made them more concerned about the health and safety of their family (67% in September). 

With these concerns top of mind, many consumers report changes to their typical travel and time off plans this holiday season.

  • Over half of consumers surveyed who usually travel during the holidays say they plan to travel less this season, and 22% surveyed are still undecided about their plans
  • 67% of consumers surveyed who will travel indicate they will use a personal car or rental car as their primary method of transportation. 
  • Surveyed employees report they have taken slightly more days off this year than they did by this time last year, and indicated COVID-19 was a major reason for taking time off this year, including caring for family and self.
  • Globally, a third of employees surveyed reported they face work constraints that limit their ability to take their remaining paid time off this year – either too much work or schedule restrictions at work – indicating employers could play a role in easing employee burnout.

The IBV has conducted ongoing research surveying more than 80,000 global consumers since April about how COVID-19 has impacted their outlook and preferences.


About IBM Institute for Business Value
 
The IBM Institute for Business Value (IBV) delivers trusted business insights from our position at the intersection of technology and business, combining expertise from industry thinkers, leading academics, and subject matter experts with global research and performance data. The IBV thought leadership portfolio includes research deep dives, benchmarking and performance comparisons, and data visualizations that support business decision making across regions, industries and technologies. Follow @IBMIBV on Twitter, and to receive the latest insights by email, visit: www.ibm.com/ibv.

Media Contact:

Michelle Mattelson

IBM External Relations
[email protected]

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SOURCE IBM