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JTC Group Announces Inclusion in Financial Times Stock Exchange (FTSE) 250 Index

JTC Group Announces Inclusion in Financial Times Stock Exchange (FTSE) 250 Index

Leading Fund Administration & Private Client Company Achieves FTSE 250 Milestone Less than 2 Years after Initial Public Offering

SAN JOSE, Calif.–(BUSINESS WIRE)–NES Financial | JTC (LON: JTC) announced today that it has joined the FTSE 250 Index, which is a capitalization-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange (LSE).

JTC’s move to the FTSE 250 is a result of the business’ strong performance where it has grown revenues and net income every year for over 32 years. Headquartered in Jersey, UK, JTC listed on the Main Market of the London Stock Exchange in March 2018.

“The company’s inclusion into the FTSE 250 is an important milestone in our company’s growth and evolution and I would like to thank our clients and investors for their continued support,” said Nigel Le Quesne, CEO of JTC. “At JTC, every single employee is a direct owner of the business and is committed to our clients’ success. We believe that it is our ‘Stronger Together’ culture that differentiates our performance over the long term. On behalf of the Board and management team, I would like to thank our colleagues globally for the hard work and commitment that has made this possible.”

This past April, JTC acquired NES Financial, the industry-leading specialty financial administration company in the US with purpose built solutions for US impact funds, including Opportunity Zones, the immigrant investor EB-5 program, and private equity fund administration – as well as 1031 tax-deferred exchange services for private equity, commercial real estate, and corporate clients.

“The FTSE 250 Index in the U.K. is similar to the Fortune 500 Index in the United States,” said Michael Halloran, Group Head of Technology Strategy and CEO of JTC USA. “NES Financial is proud to be part of the JTC family and are pleased to see our technology-driven purpose built solutions contributing to making JTC one of the best performing stocks on the LSE in the last two quarters.”

With a 32-year track record of earnings and EBITDA growth, JTC’s latest interim results were published on Sept. 15. The company reported period on period revenue growth of 15.2% and an EBITDA margin of 31.0%. The Group has developed a highly successful growth strategy that combines strong organic growth of the core business (10.1% for H1 2020) with highly disciplined inorganic growth in a sector that is consolidating at a global level.

About JTC PLC

JTC PLC is an award-winning provider of fund, corporate and private client services to institutional and private clients. Founded in 1987, JTC PLC has more than 900 people working across its global office network and is trusted to administer more than $130 billion of client assets. The principle of true shared ownership for all employees is fundamental to their culture and aligns them completely with the best interests of their clients and other stakeholders.

JTC PLC fund services administer a wide variety of listed and unlisted funds across a diverse range of asset classes, including real estate, private equity, renewables, hedge, debt and other alternatives. The firm’s corporate services provide company secretarial and administration services to a broad range of clients, including SMEs, public companies, multinationals and sovereign wealth funds. JTC PLC’s private wealth services include the formation and administration of vehicles such as trusts, companies and partnerships on behalf of predominantly HNWIs and UHNWIs and their families and dedicated private and family offices.

About NES Financial

NES Financial, a JTC Company, is a multi-jurisdictional provider of fund, corporate and private client services. The company administers more than $130 billion in assets and employs more than 900 people worldwide. A leader in specialty financial administration, NES Financial serves markets characterized by high administrative complexity, elevated transaction security needs and challenging compliance requirements.

As the North American division of JTC, NES Financial is the leading provider of third-party administrative solutions to US impact investment sectors, including Opportunity Zones and the EB-5 Program, as well as to US private equity fund managers and 1031 exchange participants. The company’s technology-driven solutions streamline new best practices in these markets by simplifying specialized financial transactions, reducing back-office overhead, curtailing fraud and abuse, and offering security, transparency and regulatory compliance during each step of an investment’s life cycle.

For more information, visit nesfinancial.com.

Laura Kelly

(408) 367-0826

[email protected]

nesfinancial.com

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Finance Consulting Professional Services Technology Software

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Titomic Appoints Mr. Norbert Schulze as Interim CEO

Titomic Appoints Mr. Norbert Schulze as Interim CEO

  • Experienced global defence, manufacturing, and automotive industries executive
  • Jeff Lang appointed Titomic Executive Director and Chief Technology Officer
  • Strengthening Titomic’s strategic vision for global commercialisation of Titomic Kinetic Fusion®.

MELBOURNE, Australia–(BUSINESS WIRE)–
Titomic Limited (ASX:TTT) (“Titomic”), today announces Norbert Schulze, an industrial veteran with over 40 years’ experience in global defence, manufacturing and automotive industries, has been appointed as interim Chief Executive Officer (CEO). He succeeds Titomic’s founder Jeff Lang, who assumes the role of Executive Director and Chief Technology Officer (CTO) maintaining his role as a Director of the Board. The Board has initiated a search for a permanent CEO.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201116005323/en/

Titomic Appoints Interim CEO - Mr. Norbert Schulze (Photo: Business Wire)

Titomic Appoints Interim CEO – Mr. Norbert Schulze (Photo: Business Wire)

Mr. Schulze owns a consulting company advising global defence companies on strategy and growth opportunities and previously served as Senior Executive of Rheinmetall and RENK Group in Europe and Africa which included overseeing sales to Australia.

Titomic Chairman Dr Andreas Schwer, commented:

“Norbert’s an industry veteran with a proven track record working in complex environments and bringing new technologies to clients within global defence and manufacturing industries. His appointment is part of the new Board’s efforts to strengthen the execution of Titomic’s strategic vision and transformation into a global additive manufacturing company and create value for shareholders.

“On behalf of the Board, I would like to thank Jeff for his contribution as Managing Director and we’re delighted that he will continue as Executive Director of the Board and CTO”.

Interim CEO Norbert Schulze said:

“It’s an honour to accept this position on an interim basis. As a team, Titomic’s employees have worked hard to position Titomic as a leading global additive manufacturing company. Our mission won’t change and I’m committed to driving the transformation, creating value for our shareholders and clients, and fulfilling my role as interim CEO of this outstanding Company.”

Titomic’s Executive Director & CTO Jeff Lang added:

“I welcome the chance to work alongside Norbert to execute the new Board’s vision for commercialisation for all stakeholders. As a Senior Executive, Board member and major shareholder, I’m committed to succeed in my new role and believe in our strategy to position Titomic as a global leader in the additive manufacturing industry. While we have made significant progress in the last few years, we must continue to develop our operations and innovation across the Company.”

Peter Vaughan

Phone: +61 3 9558 8822

Email: [email protected]

KEYWORDS: Australia/Oceania Australia

INDUSTRY KEYWORDS: Other Defense Other Energy Contracts Mining/Minerals Energy Technology Natural Resources Defense Steel Satellite Other Technology Aerospace Manufacturing

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Titomic Appoints Interim CEO – Mr. Norbert Schulze (Photo: Business Wire)
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ePlus Publishes Study Highlighting Prevalence of Data Center, Cloud, and Security Challenges in the Wake of COVID-19

ePlus Publishes Study Highlighting Prevalence of Data Center, Cloud, and Security Challenges in the Wake of COVID-19

HERNDON, Va.–(BUSINESS WIRE)–
ePlus inc. (NASDAQ NGS: PLUS – news) today announced that data center capacity constraints, increased cloud spend, and security concerns lead the list of organizational challenges resulting from the COVID-19 pandemic, according to a recently released study conducted by ePlus.

The report, titled Navigating Disruption, is a Special Report compiled by ePlus to quantify the technology impact of COVID-19 and provide guidance around how IT organizations can be agile and prepared for the future. The report is based on a survey of 135 technology professionals from customer organizations across multiple industries and was designed to provide insight into the most significant technology challenges companies are facing as a result of the changes brought on by the pandemic.

According to the report, organizations struggle with data center capacity for several reasons. Nearly one-third (30%) of capacity issues were caused by the expanded requirements for new services, such as virtual desktop infrastructure (VDI). Another sixteen percent (16%) of struggles were tied to supply chain problems and the inability to acquire new infrastructure.

The survey revealed the strain on data center capacity and the need for new services had a direct impact on cloud spending. Within the first 90 days of the pandemic, a quarter (25%) of the organizations experienced an increase in cloud spending. And almost one in ten (9.9%) saw their cloud spend jump by more than 20%.

Security is also a concern for many. Only thirty-nine percent (39%) of organizations are “very confident” in their security controls, according to the report, with 57% saying they are only “somewhat confident.”

“While organizations expeditiously adjust to the pandemic, an unexpected disruption of this magnitude presents new challenges to implement technology solutions that are effective, affordable and sustainable,” said Darren Raiguel, COO and president of ePlus Technology. “The survey results clearly show that many organizations are still feeling a strain on resources, operations, and budgets. They’ll need to remain nimble and identify cost-effective solutions to meet future challenges in key areas such as cloud, security and collaboration. ePlus is ready and able to assist.”

The report not only shows the most significant technology challenges organizations are facing because of the disruption caused by the pandemic, but it also outlines the importance of flexible infrastructure and adaptive security.

“The pandemic highlighted the importance of an agile infrastructure to minimize disruption to the operations of most organizations,” continued Raiguel. “Companies need flexible technology, the ability to pivot quickly to sudden market transitions and adaptive security controls capable of sensing and responding to threats continuously and proactively. We may not know what or when the next big disruption will be, but companies can take steps now to implement technology solutions to be better prepared.”

To access the survey results, learn how ePlus can help you navigate the next, and receive a copy of the report, please visit: www.eplus.com/next.

About ePlus inc.

ePlus is a leading consultative technology solutions provider that helps customers imagine, implement, and achieve more from their technology. With the highest certifications from top technology partners and lifecycle services expertise across key areas including security, cloud, data center, collaboration, networking and emerging technologies, ePlus transforms IT from a cost center to a business enabler. Founded in 1990, ePlus has more than 1,400 associates serving a diverse set of customers in the U.S., Europe, and Asia-Pac. The Company is headquartered at 13595 Dulles Technology Drive, Herndon, VA, 20171. For more information, visit www.eplus.com, call 888-482-1122, or email [email protected]. Connect with ePlus on Facebook, LinkedIn, Twitter and Instagram. ePlus, Where Technology Means More®.

ePlus®, Where Technology Means More®, and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. The names of other companies, products, and services mentioned herein may be the trademarks of their respective owners.

Statements in this press release that are not historical facts may be deemed to be “forward-looking statements.” Actual and anticipated future results may vary materially due to certain risks and uncertainties, including, without limitation, risks related to COVID-19, including but not limited to its possible effects on the availability of and demand for our products and services, our ability to efficiently and flexibly manage our business amid uncertainties related to COVID-19, and its impact on the economy, possible adverse effects resulting from financial market disruption and fluctuations in foreign currency rates, and general slowdown of the U.S. economy such as our current and potential customers delaying or reducing technology purchases or put downward pressure on prices, increasing credit risk associated with our customers and vendors, reduction of vendor incentive programs, and restrictions on our access to capital necessary to fund our operations; our ability to consummate and integrate acquisitions; the possibility of goodwill impairment charges in the future; significant adverse changes in, reductions in, or losses of relationships with major customers or vendors; the demand for and acceptance of, our products and services; our ability to adapt our services to meet changes in market developments; our ability to implement comprehensive plans to achieve customer account coverage for the integration of sales forces, cost containment, asset rationalization, systems integration and other key strategies; our ability to reserve adequately for credit losses; our ability to secure our electronic and other confidential information or that of our customers or partners; future growth rates in our core businesses; our ability to protect our intellectual property; the impact of competition in our markets; the possibility of defects in our products or catalog content data; our ability to adapt to changes in the IT industry and/or rapid change in product standards; our ability to realize our investment in leased equipment; our ability to hire and retain sufficient qualified personnel; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this press release is current as of the date of this release and ePlus undertakes no duty or obligation to update this information.

Kleyton Parkhurst, SVP

ePlus inc.

[email protected]

703-984-8150

KEYWORDS: Virginia United States North America

INDUSTRY KEYWORDS: Security Online Retail Retail Data Management Technology

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Wells Fargo Quantitative Prime Services Offers HPR Trading Platform to Clients

Wells Fargo Quantitative Prime Services Offers HPR Trading Platform to Clients

NEW YORK–(BUSINESS WIRE)–
Wells Fargo Corporate & Investment Banking, a division of Wells Fargo & Company (NYSE: WFC), announced today that its Quantitative Prime Services division has partnered with HPR, a leading financial technology player in electronic trading, to provide an elite next-generation trading platform for clients.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201116005186/en/

John Leone, Head of Quantitative Strategy at Wells Fargo Corporate and Investment Banking (Photo: Wells Fargo)

John Leone, Head of Quantitative Strategy at Wells Fargo Corporate and Investment Banking (Photo: Wells Fargo)

Through its collaborative partnership with HPR, Wells Fargo will provide custom trading solutions to its clients that are engineered on HPR products. In addition to launching its HPR engineered trading platform, Wells Fargo plans to offer clients access to additional HPR products, more details of which will be shared at a later date.

“HPR’s scale service architecture provides the flexibility to access solutions across the latency spectrum,” said Anthony D. Amicangioli, HPR Founder and CEO. “Wells Fargo understands the future of electronic trading and we are excited to partner with them to provide highly differentiated services on our unified Platform-as-a-Service (PaaS) architecture.”

Wells Fargo’s Quantitative Prime Services and Quantitative Execution Desk provides an all-inclusive relationship management model and in-house quantitative expertise to provide customized execution and financing facilities across all fund sizes and quantitative strategies. Wells Fargo combines creditworthiness and balance sheet strength with leading-edge technologies to engineer custom solutions for firms across the quantitative spectrum.

“Through our collaborative partnership with HPR, our clients will have the opportunity to deploy market-aware network hardware, advanced data delivery systems, latency management solutions and trade surveillance platforms,” said John Leone, Managing Director, Head of Quantitative Strategy at Wells Fargo Corporate and Investment Banking. “HPR is the gold standard in risk gateways and at-trade risk management, and we’re pleased that HPR will soon launch an additional suite of products which will raise all components of the trading stack.”

About HPR

HPR provides a Platform-as-a-Service that powers the industry’s leading brokers, clearing firms, market makers and quantitative hedge funds. The firm’s visionary Unimus™ platform is built on a highly unified scale architecture which strips away complexity and is central to HPR’s success. The Unimus™ platform’s solutions include: Omnibot™, Riskbot® and Softbot® for ultra-low latency Direct Market Access and pre-trade risk management; CRM-X, an intuitive and powerful user interface for managing global, system-wide risk controls; and Databot™, an ultra-low latency, highly customizable market data delivery system. For more information, visit www.hyannisportresearch.com

About Wells Fargo Corporate & Investment Banking

Wells Fargo Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking, commercial real estate lending and servicing, investment banking, equity and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe. Our office locations span the Americas, Europe, and Asia-Pacific.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.92 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,200 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 31 countries and territories to support customers who conduct business in the global economy. Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo.

Cautionary Statement about Forward-Looking Statements

This news release contains forward-looking statements about our future financial performance and business. Because forward-looking statements are based on our current expectations and assumptions regarding the future, they are subject to inherent risks and uncertainties. Do not unduly rely on forward-looking statements as actual results could differ materially from expectations. Forward-looking statements speak only as of the date made, and we do not undertake to update them to reflect changes or events that occur after that date. For information about factors that could cause actual results to differ materially from our expectations, refer to our reports filed with the Securities and Exchange Commission, including the “Forward-Looking Statements” discussion in Wells Fargo’s most recent Quarterly Report on Form 10-Q as well as to Wells Fargo’s other reports filed with the Securities and Exchange Commission, including the discussion under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2018, available on its website at www.sec.gov.

News Release Category: WF-PR

For business-related inquiries

Robert Newhouse

[email protected]

Media

Lylah Holmes

[email protected]

Mark Dowd (for HPR)

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Banking Professional Services Finance

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John Leone, Head of Quantitative Strategy at Wells Fargo Corporate and Investment Banking (Photo: Wells Fargo)
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Eventbrite to Participate in the RBC Capital Markets Technology, Internet, Media and Telecom Virtual Conference

Eventbrite to Participate in the RBC Capital Markets Technology, Internet, Media and Telecom Virtual Conference

SAN FRANCISCO–(BUSINESS WIRE)–
Eventbrite, Inc. (NYSE: EB), a global self-service ticketing and experience technology platform, today announced that Julia Hartz, Co-Founder & Chief Executive Officer, and Lanny Baker, Chief Financial Officer, are scheduled to participate in a virtual fireside chat at the RBC Capital Markets Technology, Internet, Media and Telecom Virtual Conference on Wednesday, November 18, 2020 at 4:40 p.m. Eastern time.

A live webcast and replay of the fireside chat will be available on the company’s investor relations website at https://investor.eventbrite.com.

About Eventbrite

Eventbrite is a global self-service ticketing and experience technology platform that serves a community of nearly one million event creators in over 180 countries. Since inception, Eventbrite has been at the center of the experience economy, transforming the way people organize and attend events. The company was founded by Julia Hartz, Kevin Hartz and Renaud Visage, with a vision to build a self-service platform that would make it possible for anyone to create and sell tickets to live experiences. The Eventbrite platform provides an intuitive, secure, and reliable service that enables creators to plan and execute their live and online events, whether it’s an annual culinary festival attracting thousands of foodies, a professional webinar, a weekly yoga workshop or a youth dance class. With over 300 million tickets distributed to more than 4 million experiences in 2019, Eventbrite is where people all over the world discover new things to do or new ways to do more of what they love. Learn more at www.eventbrite.com.

Eventbrite Investor Relations

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Professional Services Communications Other Professional Services Technology Telecommunications Internet Public Relations/Investor Relations

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Myomo Introduces MyoGames™

Myomo Introduces MyoGames™

Video Games Played via MyoPro for Training, Rehabilitation and Fun

CAMBRIDGE, Mass.–(BUSINESS WIRE)–Myomo, Inc. (NYSE American: MYO) (“Myomo” or the “Company”), a wearable medical robotics company offering increased functionality for individuals suffering from neurological disorders and upper-limb paralysis, announced today the availability of MyoGames by Lusio, a video game platform designed to augment training and rehabilitation for MyoPro users, while being fun. MyoGames enables users to play video games by actively engaging their paralyzed or weakened arm or hand with the MyoPro. The first game, basketball, is available immediately with other titles to follow.

MyoGames was developed in collaboration with Lusio Technology Pty Ltd, a game developer focused on the rehabilitation market and based in New South Wales, Australia.

Jon Naft, Myomo’s Vice President and General Manager International, said, “The games complement our existing therapeutic protocol. This increase in training is expected to help a new MyoPro recipient to be more proficient with activities of daily living. MyoGames is intended to give users of all ages something new and captivating to pursue with their device as they master it. In addition, the repetitive motion required for a game like basketball is the foundation of neurological rehabilitation and may accelerate neuro recovery.”

Shiven Ruparel, Myomo’s Director of Product Management explained, “The vision for MyoGames is to be a gaming platform with a library of games available that all lead to the same two goals – accelerate the rehabilitation of users and improve their ability to perform everyday functional tasks. The first game, basketball, will be distributed as part of the MyoPro package at no additional cost and subsequent games will be available on a monthly subscription basis. In addition to being a new revenue stream, MyoGames is intended to make practice with a MyoPro more engaging, which is expected to increase a patient’s probability of achieving a better outcome. Better outcomes are expected to add to our clinical data for medical and insurance reimbursement purposes, which may lead to increased patient access for the MyoPro. It’s a win-win.”

MyoGames is designed to complement the MyoCare program introduced in July. MyoCare offers new MyoPro users a personal coach and a series of training videos to help them maximize the benefits of their device.

About Myomo

Myomo, Inc. is a wearable medical robotics company that offers improved arm and hand function for those suffering from neurological disorders and upper limb paralysis. Myomo develops and markets the MyoPro product line. MyoPro is a powered upper limb orthosis designed to support the arm and restore function to the weakened or paralyzed arms of patients suffering from CVA stroke, brachial plexus injury, traumatic brain or spinal cord injury, ALS or other neuromuscular disease or injury. It is currently the only marketed device that, sensing a patient’s own EMG signals through non-invasive sensors on the arm, can restore an individual’s ability to perform activities of daily living, including feeding themselves, carrying objects and doing household tasks. Many are able to return to work, live independently and reduce their cost of care. Myomo is headquartered in Cambridge, Massachusetts, with sales and clinical professionals across the U.S and representatives internationally. For more information, please visit www.myomo.com.

Forward Looking Statements

This press release contains forward-looking statements regarding the Company’s future business expectations, including the expectations related to availability of video games operated via MyoPro and the intended benefits of MyoGames to MyoPro users, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors.

These factors include, among other things:

  • our sales and commercialization efforts;
  • our ability to achieve reimbursement from third-party payers for our products;
  • our dependence upon external sources for the financing of our operations, to the extent that we do not achieve or maintain cash flow breakeven;
  • our ability to effectively execute our business plan and scale up our operations;
  • our expectations as to our development programs; and
  • general market, economic, environmental and social factors, including the ongoing COVID-19 pandemic, that may affect the evaluation, fitting, delivery and sale of our products to patients.

More information about these and other factors that potentially could affect our financial results is included in Myomo’s filings with the Securities and Exchange Commission, including those contained in the risk factors section of the Company’s annual report on Form 10-K, quarterly reports on Form 10-Q and other filings with the Commission. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Although the forward-looking statements in this release of financial information are based on our beliefs, assumptions and expectations, taking into account all information currently available to us, we cannot guarantee future transactions, results, performance, achievements or outcomes. No assurance can be made to any investor by anyone that the expectations reflected in our forward-looking statements will be attained, or that deviations from them will not be material and adverse. The Company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

For Myomo:

[email protected]

Investor Relations:

Kim Sutton Golodetz

LHA Investor Relations

[email protected]

212-838-3777

Public Relations:

Kate McCann

Matter Communications

[email protected]

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Entertainment Health Medical Devices Physical Therapy Other Health Managed Care Electronic Games

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Artelo Biosciences Announces Clinical Trial Authorization to Commence Cancer Appetite Recovery Study for the Treatment of Cancer-Related Anorexia and Weight Loss

First patients on track for enrollment
this year

Targeting
multi-billion
market
with no approved therapies
for cancer-related anorexia

LA JOLLA, Calif., Nov. 16, 2020 (GLOBE NEWSWIRE) — Artelo Biosciences, Inc. (NASDAQ: ARTL), a clinical stage biopharmaceutical company focused on the development of therapeutics that modulate endogenous signaling pathways, including the endocannabinoid system, today announced receipt of the Clinical Trial Authorization (CTA) in the UK for the Company’s Cancer Appetite Recovery Study (CAReS). The Medicines and Healthcare products Regulatory Agency (MHRA) authorized the initiation of the study entitled “A Phase 1/2 Trial of Synthetic Cannabinoid ART27.13 in Patients with Cancer Anorexia and Weight Loss.” Artelo expects the study to initiate enrollment before year end.

“Receiving our Clinical Trial Authorization clears the path to commence our CAReS trial and we are excited about the prospect of enrolling patients this year,” stated Andrew Yates, PhD., Program Leader for ART27.13. “We will now proceed to open up sites throughout the UK with an overall recruitment goal of 43 patients, while maintaining safe and efficient operations during the Covid-19 pandemic.”

Steven D. Reich, M.D., Artelo’s Chief Medical Officer, added, “Cancer-related anorexia is a dramatically underserved market, with no approved therapies.” Cancer-related anorexia affects greater than 60% of advanced stage cancer patients and it is characterized by loss of appetite, weight loss, poor quality of life and often precedes a patient’s death. Reich continued, “The Phase 1/2 CAReS trial is designed to determine the most effective and safest dose and to evaluate activity using criteria such as lean body mass, weight gain, and improvement of anorexia.”

About Artelo Biosciences

Artelo Biosciences, Inc. is a San Diego-based biopharmaceutical company dedicated to the development and commercialization of proprietary therapeutics that modulate endogenous signaling pathways, including the endocannabinoid system.  Artelo is rapidly advancing a portfolio of broadly applicable product candidates designed to address significant unmet needs in multiple diseases and conditions, including anorexia, cancer, pain, inflammation, and anxiety. Led by proven biopharmaceutical executives collaborating with highly respected researchers and technology experts, the company applies leading edge scientific, regulatory, and commercial discipline to develop high-impact therapies. More information is available at www.artelobio.com and Twitter: @ArteloBio.

About ART27.13

ART27.13 is a highly potent, peripherally restricted synthetic, dual G protein-coupled receptor agonist believed to target peripheral CB1/CB2 receptors, which has the potential to increase appetite and food intake. Originally developed by AstraZeneca plc, ART27.13 has been in five Phase 1 clinical studies including over 200 subjects where it demonstrated a statistically significant and dose-dependent increase in body weight in healthy subjects. Importantly, the changes in body weight were not associated with fluid retention and the distribution of the drug enables systemic metabolic effects while minimizing central nervous system mediated toxicity. Artelo plans to advance ART27.13 as a supportive care therapy for cancer patients suffering from anorexia and weight loss where the current annual global market is estimated to be valued in excess of $2 billion.

Forward Looking Statements

This press release contains certain 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 and Private Securities Litigation Reform Act, as amended, including those relating to the Company’s product development, clinical and regulatory timelines, market opportunity, competitive position, possible or assumed future results of operations, business strategies, potential growth opportunities and other statement that are predictive in nature. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which we operate and management’s current beliefs and assumptions. 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. These statements relate to future events or our financial performance and involve known and unknown risks, uncertainties, and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include those set forth in the Company’s filings with the Securities and Exchange Commission, including our ability to raise additional capital in the future. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable securities laws.

Investor Relations Contact:

Crescendo Communications, LLC
Tel: 212-671-1020
Email: [email protected]



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Stitch Fix Announces Date for First Quarter Fiscal 2021 Earnings Release and Conference Call

SAN FRANCISCO, Calif., Nov. 16, 2020 (GLOBE NEWSWIRE) — Stitch Fix, Inc. (NASDAQ:SFIX), the leading online personal styling service, today announced that it will release its financial results for its first quarter of fiscal year 2021 ended October 31, 2020 after market close on Monday, December 7, 2020 followed by a conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss Stitch Fix’s financial results and outlook. The call will be hosted by Katrina Lake, founder and CEO, Mike Smith, President, COO, and interim CFO, and Elizabeth Spaulding, President. A live webcast will be accessible on the investor relations section of the Stitch Fix website at https://investors.stitchfix.com. The call can also be accessed domestically at (800) 458-4121 and internationally at (323) 794-2093, passcode 1665713.

A telephonic replay will be available through Monday, December 14, 2020 at (888) 203-1112 or (719) 457-0820 passcode 1665713. A replay of the webcast will also be available at https://investors.stitchfix.com.


About Stitch Fix

Stitch Fix is an online personal styling service that is reinventing the shopping experience by delivering one-to-one personalization to our clients through the combination of data science and human judgment. Stitch Fix was founded in 2011 by CEO Katrina Lake. Since then, we’ve helped millions of women, men, and kids discover and buy what they love through personalized selections of apparel, shoes, and accessories, curated by Stitch Fix stylists and algorithms. For more information about Stitch Fix, please visit https://www.stitchfix.com.



Contact:
David Pearce
[email protected]

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Westport Fuel Systems Announces Next Generation HPDI Development Contract with OEM Partner

Program Applies HPDI to an Updated Base Engine Platform


This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated November 9, 2020 to its final short form base shelf prospectus for the Province of Quebec and its amended and restated final short form base shelf prospectus for each of the Provinces of Canada except Quebec, each dated October 27, 2020.

VANCOUVER, British Columbia, Nov. 16, 2020 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today announced a follow-on contract for new product development work with its current European-based original equipment manufacturer (“OEM”) partner to apply Westport HPDI 2.0™ to an updated base engine platform. The program will incorporate new features for the resulting HPDI 2.0 fuel system as well as certification to meet Euro VI Step E emission regulations that take effect in 2024.

For competitive reasons, product details and the value of the development program have been withheld.

“We see strong growth in the European heavy-duty LNG truck market driven by a number of factors, including increased product availability, an expanding LNG fueling network, purchase incentives and compelling ongoing operating cost savings,” said David M. Johnson, Chief Executive Officer of Westport Fuel Systems. “HPDI 2.0 enables long-haul trucks to fully meet a fleet’s performance demands for payload, performance, and durability compared to state-of-the-art diesel vehicles and outperforms spark-ignited LNG trucks in real world operations. This new development program confirms that HPDI offers a viable compliance pathway for OEMs to achieve the 2025 heavy-duty CO2 emission reduction requirements and reflects our customer’s satisfaction with the progress we have made growing market share with cleaner, gaseous-fueled transportation solutions.”

Demanding long-haul operations driving more than 100,000 annual kilometres represent almost 90% of CO2 emissions from the on-road freight sector. With the increasing availability and use of biomethane, the path to achieving net-zero carbon for long-haul trucking is available now.

About Westport Fuel Systems

Westport Fuel Systems is driving innovation to power a cleaner tomorrow. The company is a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global automotive industry. Westport’s technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America and South America, the company serves customers in more than 70 countries with leading global transportation brands. For more information, visit www.wfsinc.com.

Cautionary Note Regarding Forward Looking Statements

This press release contains forward-looking statements, including statements regarding growth in the European heavy-duty LNG truck market and the factors responsible for such growth. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties and are based on both the views of management and assumptions that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activities, performance or achievements expressed in or implied by these forward looking statements. These risks, uncertainties and assumptions include those related to COVID-19, it’s duration, effects and government responses thereto, the general economy, solvency, governmental policies and regulation as well as other risk factors and assumptions that may affect our actual results, performance or achievements or financial position discussed in our most recent Annual Information Form and other filings with securities regulators. In addition, the effects and the impact of the COVID-19 outbreak, are unknown at this time and could cause actual results to differ materially from the forward-looking statements contained herein. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they were made. We disclaim any obligation to publicly update or revise such statements to reflect any change in our expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in these forward looking statements except as required by National Instrument 51-102. The contents of any website, RSS feed or twitter account referenced in this press release are not incorporated by reference herein.

Investor Inquiries:
Christine Marks
Investor Relations
T: +1 604-718-2046
E: [email protected]



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Odyssey Marine Exploration Reports Third Quarter 2020 Results

TAMPA, Fla., Nov. 16, 2020 (GLOBE NEWSWIRE) — Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a deep-ocean exploration pioneer engaged in the discovery, development and extraction of deep-ocean minerals, reported results for the third quarter ended September 30, 2020, and provided an update on current company operations and projects.

The key focus of Odyssey’s project operations team continues to be the Exploraciones Oceánicas (ExO) Phosphate Project in Mexico, which can provide access to a critical resource needed to produce fertilizer, help achieve food security in Mexico, and supply the phosphate needs of North America for at least 50 years.

Odyssey is pursuing a North American Free Trade Agreement (NAFTA) claim against Mexico for their arbitrary and unlawful denial of the environmental permit, which is the last major milestone before operations can begin. Odyssey, on behalf of its subsidiary ExO, is seeking damages of more than $2.3 billion as detailed in the First Memorial filed in September. This filing is supported by documentary evidence and 20 expert reports and witness statements. Once a redacted version of the Memorial is released by the NAFTA Tribunal, which is expected shortly, Odyssey will provide a link to the filing at www.odysseymarine.com/nafta.

In addition to the NAFTA claim, ExO continues to pursue the annulment of the second arbitrary denial in Mexico’s federal court (the Tribunal Federal de Justicia Administrativa or TFJA). This court ruled unanimously in 2018 that the first denial of the environmental permit was illegal under Mexican environmental law. ExO completed its latest filing in this case in August. A decision in this case is expected in the first half of next year.

A significant funding event was completed in August to ensure that Odyssey and ExO have sufficient cash to last through the outside dates associated with the expected NAFTA timeline. “Based on current budgets and forecasts, we expect this capital to provide Odyssey with the longest duration of operating capital in its 26-year history,” commented Mark Gordon, Odyssey Chairman and CEO. 

“We remain extremely confident in the merits of our NAFTA and TFJA cases, and with this funding we are prepared to take both actions to their full and final conclusions, if necessary. It is unfortunate that we are being forced to fight these legal battles to counter the unlawful actions of Mexico’s previous political administration; actions that have deprived the citizens of Mexico from realizing the substantial societal and economic benefits that the ExO Phosphate Project will deliver. We continue to believe that operationalizing this project is in everyone’s best interests. Mexico imports almost 60% of its phosphate rock and produces domestic phosphate at a very high cost. As a result, a significant portion of Mexico’s arable land remains unfertilized leading to low crop yields, high food prices and a significant national hunger issue. Activation of our project will help President López Obrador realize his stated vision for fertilizer independence and food security for his nation through the creation of a huge domestic supply of very high grade and low-cost phosphate, the key ingredient for fertilizer production. Mexico has already made a very substantial investment in fertilizer production plants but unfortunately the country’s quickly dwindling supply of terrestrial available phosphate has rendered these investments ineffectual.   Commencement of the ExO Phosphate Project would remedy this issue and would allow President López Obrador to deliver on his promise of providing low cost fertilizers to Mexico’s struggling farmers.  

“Our successes in the third quarter have set us up for a strong finish to 2020 and productive 2021,” continued Gordon. “In addition to an expected positive outcome from our ExO Project, we expect to increase the value of our diversified mineral portfolio in 2021, both through the development of completely new assets and from advancing our existing mineral deposit projects up the value curve, from initial desk-based research and permit acquisition to offshore mineral validation, environmental research, engineering and licensing.”

Third
Quarter 2020 Financial Results

The net loss for the quarter ending September 30, 2020 was $5.5 million or $0.51 per share. $4.2 of expenses were one-time NAFTA legal expenses that were funded through a specialized litigation funding agreement.

Total revenue in the current quarter was $0.2 million, a $0.6 million decrease compared to the same period a year ago. The revenue generated in each period was a result of performing marine research, project administration and search and recovery operations for our customers and related parties. The primary reason for this reduction was that the long-term project we were engaged on the last two years reached its life expectancy during this quarter.

Marketing, general and administrative expenses primarily include all costs within the following departments: Executive, Finance & Accounting, Legal, Information Technology, Human Resources, Marketing & Communications, Sales and Business Development. Marketing, general and administrative expenses decreased $2.1 million to $23,351 for the three-month period ended September 30, 2020 compared to the same period in the prior year. The primary contributor to this GAAP expense reduction was a reversal of an accrued liability into the income statement of $1.3 million related to employee incentives and compensation connected to our discretionary incentive reserve and a $0.6 million reduction in non-cash share-based compensation. In addition, during this period, management took several initiatives to reduce future potential cash expenses and gain operational efficiencies to achieve reduced overhead cash expenses resulting in an additional $0.2 million reduction of cash expenses.

Operations and research expenses are primarily focused around deep-sea mineral exploration which include minerals research, scientific services, marine operations and project management. Operations and research expenses increased by $2.7 million from 2019 to 2020 primarily as a result of the following items: (i) a $2.7 million increase in financed litigation costs directly associated with our NAFTA litigation pursuit, (ii) a $0.3 million decrease in our marine services project contract labor and (iii) a $0.1 million savings in operational overhead reductions.

Consolidated financial statements as well as Odyssey’s Quarterly Report on Form 10-Q for the period ended September 30, 2020, are available on the company’s website at www.odysseymarine.com as well as at www.sec.gov.

About Odyssey Marine Exploration

Odyssey Marine Exploration, Inc. (Nasdaq:OMEX) is engaged in deep-ocean exploration using innovative methods and state-of-the-art technology to provide access to critical resources worldwide. Our core focus is the discovery, development and extraction of deep-ocean minerals. Odyssey also provides marine services for private clients and governments. For additional details, please visit www.odysseymarine.com. 

Forward Looking Information

Odyssey Marine Exploration believes the information set forth in this Press Release may include “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Certain factors that could cause results to differ materially from those projected in the forward-looking statements are set forth in “Risk Factors” in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, which was filed with the Securities and Exchange Commission on March 30, 2020. The financial and operating projections as well as estimates of mining assets are based solely on the assumptions developed by Odyssey that it believes are reasonable based upon information available to Odyssey as of the date of this release. All projections and estimates are subject to material uncertainties and should not be viewed as a prediction or an assurance of actual future performance. The validity and accuracy of Odyssey’s projections will depend upon unpredictable future events, many of which are beyond Odyssey’s control and, accordingly, no assurance can be given that Odyssey’s assumptions will prove true or that its projected results will be achieved.

Cautionary Note to U.S. Investors

The U.S. Securities and Exchange Commission (SEC) permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as “measured”, “indicated,” “inferred” and “resources,” which the SEC guidelines strictly prohibit us from including in our filings with the SEC. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. U.S. investors are cautioned not to assume that part or all of the inferred mineral resource exists, or is economically or legally mineable, and are urged to consider closely the disclosures in our Form 10-K which may be secured from us or from the SEC’s website at http://www.sec.gov/edgar.shtml.



CONTACT: 
Laura Barton  
Odyssey Marine Exploration, Inc.
(813) 876-1776 x 2562
[email protected]