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AgEagle Aerial Systems Reports Record Third Quarter 2020 Financial Results

WICHITA, Kan., Nov. 16, 2020 (GLOBE NEWSWIRE) — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry leading provider of unmanned aerial vehicles and advanced aerial imagery, data collection and analytics technologies, announced record financial results for the three and nine months ended September 30, 2020.

Key Financial Highlights

  • Revenues for three-month reporting period ended September 30, 2020 increased significantly to a record of $750,000 compared to $42,000 for the comparable three month period in 2019. For the nine months ended September 30, 2020, revenues increased to a record of $1.2 million compared to $108,000 reported for the nine months in the prior year period. The notable increase in revenues was primarily driven by follow-on purchase orders for manufacturing and assembly of drones and related package delivery equipment for the Company’s largest customer.
  • Gross profit margin on sales improved to 43% from 21% for the three months ended September 30, 2020 and 2019, respectively. Likewise, gross profit margin on sales for the comparable nine month reporting periods in 2020 and 2019 rose to 46% from 20%, respectively.
  • Net loss for the three months ended September 30, 2020 totaled $579,000 compared to $563,000 in net loss for the same three months in 2019. For the nine months ended September 30, 2020, net loss was $2.2 million compared to $1.9 million in the prior year nine-month period. Overall, the increase in net losses were due to higher operating costs relating to the shifts in our long-term growth and business expansion strategies.
  • After factoring non-cash accounting charges relating to our financing activities, the net loss attributable to our common stockholders improved to $579,000 from $604,000 for the three months ended September 30, 2020 and 2019, respectively. After factoring non-cash accounting charges for the comparable nine month reporting periods in 2020 and 2019, net loss attributable to the Company’s common stockholders was $11.3 million compared to $2.0 million, respectively.
  • As of September 30, 2020, the Company’s balance sheet reflected cash of $24.7 million compared to $718,000 as of December 31, 2019. The Company had no long-term debt and total stockholders’ equity increased to $28.1 million compared to $4.3 million as of September 30, 2020 and December 31, 2019, respectively. The material strengthening of the balance sheet was largely due to the successful closing of equity financings completed in the first half of 2020. 

Commenting on the record results, AgEagle CEO Michael Drozd noted, “We are very pleased with the progress that AgEagle continues to make across each of our focused business segments. Among many key achievements in the second half of 2020, we booked significant revenue from our ecommerce client; our team has completed the relocation of our headquarters and manufacturing facilities from Neodesha to Wichita; and we have completed the redesign of our brand logo and launched a new corporate website. We have also continued to expand our team with experienced new talent, and we are aggressively pursuing and winning new customers and business partners, including Valqari and the Kansas Department of Transportation. Looking ahead, we will remain focused on driving revenue growth through marketing our contract manufacturing and assembly services, along with our innovative drone and agriculture solutions. Moreover, we will continue to evaluate potential strategic acquisitions that will further complement and strengthen our position as a recognized leader in The Drone Age™.”

To review the Company’s detailed financial results for the three and nine months ended September 30, 2020, please refer to our Form 10-Q filed with the U.S. Securities and Exchange Commission and accessible at www.sec.gov.

Corporate Update Webcast

The Company’s management will host a webcast today, November 16th, beginning at 4:30 PM Eastern time to provide a corporate update and discuss recent operational highlights. The webcast will be broadcast live and available for replay via the link: https://www.webcaster4.com/Webcast/Page/2160/38229. If you encounter any difficulty connecting to the webcast, please contact Gateway Investor Relations at 949-574-3860.

About AgEagle Aerial Systems Inc.

Founded in 2010, Wichita-based AgEagle is one of the nation’s leading commercial drone technology, services and solutions providers.  We deliver the metrics, tools and strategies necessary to define and implement drone-enabled solutions that solve important problems for our valued customers. AgEagle’s key growth strategies are centered on three focused pursuits: 1) Contract Manufacturing: establishing AgEagle as the dominant commercial drone design, engineering, manufacturing, assembly and testing company in the United States; 2) Drone Solutions: establishing AgEagle as the world’s trusted source for turn-key drone delivery services and solutions; and 3) Ag Solutions: leveraging our reputation as one of the leading technology solutions providers to the Agriculture industry with best-in-class drones and data analytics for hemp and other commercial crops. For more information, please visit ageagle.com.


Forward-Looking Statements


This press release may contain “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. Such statements involve risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from management’s current expectations include those risks and uncertainties relating to our competitive position, the industry environment, potential growth opportunities, and the effects of regulation and events outside of our control, such as natural disasters, wars or health epidemics. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.

Contacts:

Investor Relations

Gateway Investor Relations

Sean Mansouri, CFA or Cody Cree
Phone: 949-574-3860
Email: [email protected]

Press/Media
Relations

Avaans Media

Tara Coomans or Kristen Hoff
Phone: 424-278-9199
Email: [email protected]



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Everbridge Wins Top Tech Company Awards in the Categories of COVID-19 Response and Business Accomplishment for 2020

Everbridge Wins Top Tech Company Awards in the Categories of COVID-19 Response and Business Accomplishment for 2020

The Massachusetts Technology Leadership Council recognizes Everbridge for both its significant impact on helping organizations respond to the coronavirus pandemic and for its business accomplishments over the prior year

BURLINGTON, Mass.–(BUSINESS WIRE)–Everbridge, Inc. (NASDAQ:EVBG), the global leader in critical event management (CEM), today announced the company was recognized for its significant role in helping businesses, governments, and healthcare organizations respond to and mitigate the impacts of COVID-19. Everbridge received two Tech Top 50 awardslast week from the Massachusetts Technology Leadership Council (MassTLC) during a ceremony recognizing technology companies for their success in 2020. Honored among the regions’ top technology companies, Everbridge received the special honor of being distinguished in two categories for the year: COVID-19 Response and Business Accomplishment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201116005671/en/

Everbridge Wins Top Tech Company Awards in the Categories of COVID-19 Response and Business Accomplishment

Everbridge Wins Top Tech Company Awards in the Categories of COVID-19 Response and Business Accomplishment

“Despite the challenges we faced in 2020, Everbridge and the Massachusetts tech community remained true to form, demonstrating resilience, strength and an extraordinary capacity for innovation,” remarked MassTLC CEO Tom Hopcroft. “I am excited that MassTLC is able to share these exceptional stories of dedication and innovation this year.”

The awards cap off a broader period of innovation and growth for Everbridge, which continues to experience accelerated adoption for its COVID-19 Return to Campus, next generation Contact Tracing, and Risk Intelligence solutions, helping businesses, universities, governments and healthcare organizations mitigate the impacts of the global pandemic. The company also just released third quarter 2020 results representing revenue growth of 36 percent over the same period last year.

“Recognition from Massachusetts’ leading technology association for our COVID-19 solutions and business accomplishments during the year reinforces our growing footprint in the region, where we continue to attract and hire the best talent focused on keeping people safe and businesses operating during critical events,” said Everbridge CEO, David Meredith. “We combine a category-leading market position, fast growth and a mission-driven culture to serve a wide range of customers—from towns and counties to entire states and countries, the largest health care systems, and many of the world’s leading companies and universities—through our global, unified Critical Event Management platform.”

Additional recent recognition for Everbridge includes the Best Customer Experience Award from The Help Desk Institute (HDI), a Stevie® Award in the category of “Female Executive of the Year – Business Services,” Frost & Sullivan’s Critical Event Management (CEM) Technology Leadership Award, expansion of its existing portfolio of over 160 patents with a recent new award, certification as a 2020 Great Place to Work® by the Global Authority on Workplace Culture, “Overall Best in Category” in the Emergency Mass Notification Software category for the Spring 2020 Customer Success Report, Top Enterprise IT Alerting and Incident Management Solution by IT Central Station, one of Boston’s Best Places to Work in 2020, Growth Company of the Year by the Massachusetts Technology Leadership Council, as well as the Department of Defense’s prestigious Above and Beyond Award for promoting supportive work environments for members of the U.S. National Guard and Reserve.

Over 5,400 global organizations use Everbridge’s CEM Platform to assess threats, monitor the wellbeing of their workforce, rapidly communicate warnings, and protect supply chains. At the onset of the pandemic, Everbridge rapidly launched its COVID-19 Shield™ Return to Work and Contact Tracing software solutions, followed by the introduction of Everbridge Control Center, the industry’s first off-the-shelf physical security information management software platform to help organizations return to work while complying with social distancing and Personal Protective Equipment (PPE) policies. Since the pandemic began, Everbridge customers have used its software to send more than 875 million coronavirus-related communications with vital information and instructions to safeguard their populations, employees, patients, and students.

Everbridge’s recent two-day Autumn 2020 “COVID-19 R2R: The Road to Recovery” leadership symposium addressed global best practices to reopen economies amid COVID-19, while safely returning people to public spaces, offices and campuses. Tens of thousands of senior executives, government officials and healthcare experts from 150 countries attended Everbridge’s R2R summits this year. The October event featured keynote addresses by the 43rd President of the United States George W. Bush, CNN’s Dr. Sanjay Gupta, Director of the NIAID at NIH Dr. Anthony Fauci, and Virgin Group Founder Sir Richard Branson. Visit Everbridge.com/R2R to learn more.

About Everbridge

Everbridge, Inc. (NASDAQ: EVBG) is a global software company that provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order Keep People Safe and Businesses Running™. During public safety threats such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events including IT outages, cyber-attacks or other incidents such as product recalls or supply-chain interruptions, over 5,400 global customers rely on the Company’s Critical Event Management Platform to quickly and reliably aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes through the secure delivery to over 100 different communication devices, and track progress on executing response plans. Everbridge serves 8 of the 10 largest U.S. cities, 9 of the 10 largest U.S.-based investment banks, 47 of the 50 busiest North American airports, 9 of the 10 largest global consulting firms, 8 of the 10 largest global automakers, 9 of the 10 largest U.S.-based health care providers, and 7 of the 10 largest technology companies in the world. Everbridge is based in Boston with additional offices in 14 cities around the globe. For more information visit www.everbridge.com.

Cautionary Language Concerning Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the anticipated opportunity and trends for growth in our critical communications and enterprise safety applications and our overall business, our market opportunity, our expectations regarding sales of our products, our goal to maintain market leadership and extend the markets in which we compete for customers, and anticipated impact on financial results. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,” “believe,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “could,” “intend,” variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the ability of our products and services to perform as intended and meet our customers’ expectations; our ability to successfully integrate businesses and assets that we may acquire; our ability to attract new customers and retain and increase sales to existing customers; our ability to increase sales of our Mass Notification application and/or ability to increase sales of our other applications; developments in the market for targeted and contextually relevant critical communications or the associated regulatory environment; our estimates of market opportunity and forecasts of market growth may prove to be inaccurate; we have not been profitable on a consistent basis historically and may not achieve or maintain profitability in the future; the lengthy and unpredictable sales cycles for new customers; nature of our business exposes us to inherent liability risks; our ability to attract, integrate and retain qualified personnel; our ability to maintain successful relationships with our channel partners and technology partners; our ability to manage our growth effectively; our ability to respond to competitive pressures; potential liability related to privacy and security of personally identifiable information; our ability to protect our intellectual property rights, and the other risks detailed in our risk factors discussed in filings with the U.S. Securities and Exchange Commission (“SEC”), including but not limited to our Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC on February 28, 2020. The forward-looking statements included in this press release represent our views as of the date of this press release. We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.

All Everbridge products are trademarks of Everbridge, Inc. in the USA and other countries. All other product or company names mentioned are the property of their respective owners.

Everbridge:

Jeff Young

Media Relations

[email protected]

781-859-4116

Joshua Young

Investor Relations

[email protected]

781-236-3695

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Technology Mobile/Wireless Public Relations/Investor Relations Security Marketing Communications Software Health General Health

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Everbridge Wins Top Tech Company Awards in the Categories of COVID-19 Response and Business Accomplishment
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My Chase Plan® Provides Cardmembers Payment Flexibility This Holiday Season

My Chase Plan® Provides Cardmembers Payment Flexibility This Holiday Season

Just in time for holiday shopping, My Chase Plan offers a new way to pay over time – with no interest, just a fixed monthly fee

WILMINGTON, Del.–(BUSINESS WIRE)–
Today, Chase officially announced My Chase Plan®, a digital ‘buy now, pay later’ feature available on eligible Chase consumer credit cards. My Chase Plan allows cardmembers the option to pay off a purchase over a period of time with no interest, just a fixed monthly fee. Cardmembers will have the flexibility to select a recent, eligible transaction and choose a repayment timeframe and monthly payment amount that works for them.

According to a recent consumer survey from Chase, 52% of respondents say shopping and staying on budget for gifts is their biggest holiday challenge this season. My Chase Plan can serve as valuable tool to help break up your holiday purchases over time.

My Chase Plan gives customers control over their finances by offering predictable monthly payments, with no interest, just a fixed monthly fee. Cardmembers will still earn rewards as they do today for card purchases. Key features include:

  • Flexibility: Providing customers with a new payment option on Chase cards they already have in their wallet for purchases $100 and over;
  • Control: Allowing cardmembers to have more control of their finances, with predictable budget-friendly monthly payment options;
  • Transparency: Upon starting a My Chase Plan, customers are presented with the monthly payment amount, Plan fee, and payment duration options ranging from 3 to 18 months;
  • Ease of Use: Offering a seamless experience through Chase.com or the Chase Mobile app with no separate account or payment to manage.

“We developed My Chase Plan to provide our cardmembers with more flexibility and control of their payment options,” said Anthony Cirri, General Manager- Lending and Pricing, Chase Card Services. “We are thrilled to offer My Chase Plan as a tool to help cardmembers make the most of their money and pay for their purchases over time. With the holidays fast approaching, this embedded card feature can be used to pay off gifts and everyday purchases alike.”

My Chase Plan allows eligible cardmembers to choose a payment plan for purchases of $100 or more with durations up to 18 months with no interest or prepayment penalty, just a fixed monthly fee. My Chase Plan also offers a calculator that will approximate what a particular ‘Plan’ might cost before the purchase is made. Cardmembers will continue to earn rewards as they do today.

The control and ease that My Chase Plan provides consumers is especially relevant as we enter the holiday shopping season. Chase’s recent survey of more than 1,000 U.S.-based adults found that:

  • Over 30% of consumers have been saving money specifically for purchasing gifts
  • 40% of consumers say they are taking a different approach to gift giving this year
  • 55% of consumers to focus on quality, not quantity, of gifts

Whether consumers are shopping for holiday gifts, unexpected purchases, holiday travel, and everything in between – My Chase Plan offers more flexibility, control, and peace of mind over their payment obligations.

To start using My Chase Plan, select an eligible, recent purchase from the “Recent Transactions” within your card account on Chase.com or in the Chase Mobile App. Eligible purchases of $100 or more will have a “Pay with My Chase Plan” option next to the transaction amount. Cardmembers can also visit the My Chase Plan dashboard on Chase.com or in the Chase Mobile App to see a list of eligible purchases, calculate plan options on a future purchase, or see details on their existing Plans.

For more information and to see eligible Chase credit cards, visit www.chase.com/mychaseplan.

About Chase

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $3.2 trillion and operations worldwide. Chase serves nearly half of America’s households with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Customers can choose how and where they want to bank: More than 4,900 branches in 38 states and the District of Columbia, 16,000 ATMs, mobile, online and by phone. For more information, go to chase.com.

Chase Media Contact:

Tom Doelp, Chase Card Services, [email protected]

 

KEYWORDS: New York Delaware United States North America

INDUSTRY KEYWORDS: Other Professional Services Finance Consulting Banking Small Business Professional Services Consumer Other Consumer

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AstroNova to Release Third-Quarter Fiscal 2021 Financial Results and Host Conference Call on Monday, December 7

AstroNova to Release Third-Quarter Fiscal 2021 Financial Results and Host Conference Call on Monday, December 7

WEST WARWICK, R.I.–(BUSINESS WIRE)–AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, today announced that it plans to release its third-quarter fiscal 2021 financial results before the opening of the Nasdaq on Monday, December 7, 2020. At 9:00 a.m. ET that morning, the Company will conduct a conference call hosted by Greg Woods, President and Chief Executive Officer, and David Smith, Vice President and Chief Financial Officer.

To participate on the conference call, please dial 800-367-2403 (U.S. and Canada) or 334-777-6978 (International) approximately 10 minutes prior to the start time and enter confirmation code 2309769. You can hear a replay of the conference call from 12:00 p.m. ET Monday, December 7, 2020 until 12:00 p.m. ET on Monday, December 14, 2020 by dialing (888) 203-1112 (U.S. and Canada) or (719) 457-0820 (International). The passcode is 2309769.

A real-time and an archived audio webcast of the call will be available through the “Investors” section of the AstroNova website, https://investors.astronovainc.com.

About AstroNova

AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies since 1969, designs, manufactures, distributes, and services a broad range of products that acquire, store, analyze, and present data in multiple formats. The Product Identification segment offers a complete line-up of labeling hardware and supplies, allowing customers to mark, track, and enhance their products’ appearance. The segment is comprised of three business units: QuickLabel®, the industry leader in tabletop digital color label printing; TrojanLabel®, an innovative leader for professional label presses; and GetLabels™, the premier supplier of label materials, inks, toners, ribbons, and adhesives, all compatible with the major printer brands. Supported by AstroNova’s customer application experts and technology leadership in printing, material science, and high-speed data processing, customers benefit from an optimized, “total solution” approach. The Test and Measurement segment includes the AstroNova Aerospace business unit, which designs and manufactures flight deck printers, networking hardware, and related accessories serving the world’s aerospace and defense industries with proven advanced airborne technology solutions for the cockpit and the cabin; and the Test and Measurement business unit, which offers a suite of products and services that acquire, record, and analyze electronic signal data from local and networked sensors. AstroNova is a member of the Russell Microcap® Index and the LD Micro Index (INDEXNYSEGIS: LDMICRO). Additional information is available by visiting www.astronovainc.com.

Scott Solomon

Senior Vice President

Sharon Merrill Associates, Inc.

(617) 542-5300

[email protected]

KEYWORDS: Rhode Island United States North America

INDUSTRY KEYWORDS: Software Technology Hardware Consumer Electronics

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Granite Names Brian R. Dowd as Head of Its California Operations

Granite Names Brian R. Dowd as Head of Its California Operations

WATSONVILLE, Calif.–(BUSINESS WIRE)–
Granite (NYSE:GVA) has named Brian R. Dowd as senior vice president and California group manager, effective January 1, 2021. Dowd currently serves as vice president of Granite’s Nevada region and is a 34-year veteran of the company.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201116005437/en/

Brian R. Dowd, Granite Senior Vice President and Group Manager, California Group (Photo: Business Wire)

Brian R. Dowd, Granite Senior Vice President and Group Manager, California Group (Photo: Business Wire)

“Brian is a dynamic leader that will help guide our California operations continued growth as we work to meet the needs of all of our public and private clients,” said Granite President and Principal Executive Officer Kyle Larkin.

In this role, Dowd will provide operational oversight and strategic direction and will be responsible for setting the vision and standards for financial, safety, and environmental performance, business growth, and employee development throughout California’s construction and construction materials businesses. Dowd will report to Chief Operating Officer Jim Radich, and will be based at Granite headquarters in Watsonville, California.

Since 1986, Dowd has served in various estimating, project management and leadership roles across the company. In addition to his operational experience, Dowd has held corporate positions as leader of Granite’s employee development initiative, and vice president of human resources. In 2007, he transitioned back to operations where he was the regional manager in Sacramento and successfully guided the region through one of the toughest economic climates Granite has experienced.

Dowd holds a B.S. in Civil Engineering from the University of California, Berkeley, and is a Registered Engineer in the states of California and Nevada.

About Granite

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite provider in the transportation, water infrastructure and mineral exploration markets. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. In addition to being one of the World’s Most Ethical Companies for eleven consecutive years, Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook and Instagram.

Media

Erin Kuhlman 831-768-4111

Investors

Lisa Curtis 831-728-7532

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Other Construction & Property Construction & Property Natural Resources Mining/Minerals

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Brian R. Dowd, Granite Senior Vice President and Group Manager, California Group (Photo: Business Wire)
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Granite Names James A. Radich as Chief Operating Officer

Granite Names James A. Radich as Chief Operating Officer

WATSONVILLE, Calif.–(BUSINESS WIRE)–
Granite (NYSE:GVA) announced that effective December 1, 2020, James A. Radich is appointed executive vice president and chief operating officer (COO). As COO, Radich will be responsible for overseeing the day-to-day operations of the company and will provide the leadership to ensure that the appropriate reporting procedures, people, and systems are in place to meet the operating requirements and financial goals of the company. Radich will join the Executive Committee and will report to Granite President and Principal Executive Officer Kyle Larkin.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201116005436/en/

Jim A. Radich, Granite Executive Vice President and Chief Operating Officer (Photo: Business Wire)

Jim A. Radich, Granite Executive Vice President and Chief Operating Officer (Photo: Business Wire)

“As a Granite veteran, Jim has a deep understanding of our business and culture, and he has a track record of delivering results,” said Larkin. “In his most recent role leading our California operations, he steadily grew the core construction and materials business while expanding our alternative procurement project portfolio, and he significantly increased our presence in the private works arena. He is a well-respected leader who I am pleased to welcome to the executive team. I look forward to our continued collaboration and partnership.”

Since joining Granite in 1980, Radich has served in a progression of leadership roles across diverse end markets including tunneling, marine work, structures, underground, and earthwork. Prior to this appointment, Radich served as senior vice president and California group manager. From 1993 to 2011, Radich was employed outside of Granite. He is a proven leader and was named Granite’s 2020 Outstanding Leader, a recognition of individual achievement and embodiment of Granite’s Core Values. Radich will be based in Watsonville, California.

Radich received a B.S. in Civil Engineering from Santa Clara University, and is a Registered Civil Engineer in California.

About Granite

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite provider in the transportation, water infrastructure and mineral exploration markets. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. In addition to being one of the World’s Most Ethical Companies for eleven consecutive years, Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook and Instagram.

Granite Contacts

Media

Erin Kuhlman 831-768-4111

Investors

Lisa Curtis 831-728-7532

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Mining/Minerals Transport Other Construction & Property Natural Resources Construction & Property Other Transport

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Jim A. Radich, Granite Executive Vice President and Chief Operating Officer (Photo: Business Wire)
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tZERO ATS Market Data Now Available on Financial Market Data Platform Refinitiv

tZERO ATS Market Data Now Available on Financial Market Data Platform Refinitiv

Broadens the Dissemination of tZERO ATS Market Data in the Financial Services Industry

NEW YORK–(BUSINESS WIRE)–tZERO, a leader in financial innovation and liquidity for private companies, announced today that its subsidiary, tZERO ATS, a FINRA member broker-dealer that operates an Alternative Trading System (ATS), has completed a technology integration with Refinitiv, one of the world’s largest providers of financial markets data and infrastructure and formerly Thomson Reuters’ Financial and Risk business. This integration allows Refinitiv’s client base of institutions and broker-dealers to see the fundamental (Level 1) market data on the digital securities that trade on the tZERO ATS.

According to its website, Refinitiv serves over 40,000 institutions in over 190 countries, providing leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime.

tZERO CEO Saum Noursalehi stated, “Our overarching focus is on driving adoption of digital securities. Today’s announcement is exciting as it helps broaden awareness of these types of securities, as more financial services professionals are able to easily access tZERO ATS market data through Refinitiv’s robust network.”

tZERO is a technology firm with the goal of democratizing access to private capital markets. tZERO is a subsidiary of Medici Ventures, the blockchain-focused, wholly owned subsidiary of Overstock.com, Inc. (NASDAQ:OSTK).

Investor Notice

Investors should note that trading securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, no assurance of liquidity, which could impact the price and ability to sell, and possible loss of principal invested. Further, an investment in single security could mean lack of diversification and, consequently, higher risk.

No Offer, Solicitation, Investment Advice or Recommendations

This release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by tZERO or any of its affiliates, subsidiaries, officers, directors or employees. No reference to any specific security constitutes a recommendation to buy, sell, or hold that security or any other security. Nothing in this release shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this release constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed in this release should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this release, we have not taken into account the investment needs, objectives, and financial circumstances of any particular investor. This information has no regard to the specific investment objectives, financial situation, and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors. Any views expressed in this release by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change. All information is subject to possible corrections. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.

Forward-Looking Statements

This release contains forward-looking statements. In addition, from time to time, tZERO, its subsidiaries, or its representatives may make forward-looking statements orally or in writing. These forward-looking statements are based on expectations and projections about future events, which is derived from currently available information. Such forward-looking statements relate to future events or future performance, including financial performance and projections; growth in revenue and earnings; and business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including, without limitation: the ability of tZERO and its subsidiaries to change the direction; tZERO’s ability to keep pace with new technology and changing market needs; and competition. These and other factors may cause actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this release and other statements made from time to time by tZERO, its subsidiaries or their respective representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions. tZERO, its subsidiaries, and its representatives are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this release and other statements made from time to time by tZERO, its subsidiaries or its representatives might not occur.

About tZERO

tZERO Group, Inc. and its broker-dealer subsidiaries (tZERO) provide an innovative liquidity platform for private companies and assets. We offer institutional-grade solutions for issuers looking to digitize their capital table through blockchain technology, and trade on a regulated alternative trading system. tZERO democratizes access to private assets by providing a simple, automated, and efficient trading venue to broker-dealers, institutions, and investors. For more information on tZERO, please visit https://www.tzero.com/.

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Alexandra Sotiropoulos, +1-347-293-1416

[email protected]

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Michael Mougias, +1-347-293-1248

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KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Technology Finance Security Banking Other Technology Professional Services Software Networks Data Management

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B&G Foods Appoints David L. Wenner as Interim President and CEO

B&G Foods Appoints David L. Wenner as Interim President and CEO

— Announces CEO Transition Plan —

— Reaffirms Full Year 2020 Guidance —

PARSIPPANY, N.J.–(BUSINESS WIRE)–
B&G Foods, Inc. (NYSE: BGS) announced today that Kenneth G. Romanzi, President and Chief Executive Officer and a member of the Board of Directors, and the Company mutually agreed that Mr. Romanzi would step aside as President, Chief Executive Officer and a Director effective November 15, 2020 in order for Mr. Romanzi to pursue personal interests. To ensure an orderly transition, the Board of Directors has appointed David L. Wenner, a current member of the Board of Directors and former President and Chief Executive Officer of B&G Foods from 1993 through 2014, as Interim President and Chief Executive Officer.

The Company will initiate a search for a new President and Chief Executive Officer, and the Board of Directors has appointed a special committee to direct the search and transition process. The committee is chaired by Dennis M. Mullen, Chairman of the Nominating and Governance Committee, and also includes: DeAnn L. Brunts, Charles F. Marcy and Robert D. Mills.

Mr. Romanzi stated, “I thoroughly enjoyed my time at B&G Foods and am very proud of all of our accomplishments. The business is in excellent shape and I am confident the team will continue to deliver terrific results. I wish the entire B&G Foods family all the best for a bright future.”

Stephen C. Sherrill, Chairman of the Board of Directors of B&G Foods, said, “On behalf of our entire company, I want to thank Ken for his contributions to B&G Foods’ success over the past three years as our Chief Operating Officer and then Chief Executive Officer and for navigating B&G Foods through these unprecedented times and helping keep our dedicated employees safe and healthy. I wish Ken continued success in his future endeavors.”

Mr. Sherrill continued, “Under Ken’s leadership, B&G Foods’ financial performance has been very strong during the ongoing pandemic, as our portfolio of leading brands has benefited from increased eating at home, resulting in strong year-over-year growth. The company is in excellent operational and financial condition as evidenced by the quarterly and year-to-date financial results we reported earlier this month. Furthermore, after successfully acquiring and integrating the Clabber Girl business, B&G Foods is continuing on the acquisition path with its pending purchase of Crisco. All in all, we believe this is a good time to make a leadership transition and we are very fortunate that our former long-time CEO Dave Wenner, who has continued to serve on our Board of Directors, is now available and has agreed to help lead our company while we search for our next CEO. Under Dave’s leadership, B&G Foods successfully completed and integrated sixteen acquisitions and evolved from a small, regional pickle company to a leading public food company with a diverse portfolio of iconic brands, which resulted in tremendous value creation for B&G Foods’ stockholders in the form of dividends and stock price appreciation. Through continued service on our Board of Directors since his retirement, Dave is very much up to speed on all aspects of our company’s operations and is deeply familiar with our strategy, our executive team and our brands. Together with the very strong management team that Ken has organized and led, Dave is very well prepared to steer the ship during this transition period.”

Mr. Wenner said, “I am very excited for the opportunity to once again lead our company, work with our talented executive leadership team, and reinforce the principles and strategies that have helped create tremendous value for all of our stakeholders over the years. We will continue to focus on growth, including organic growth and growth through acquisitions, operational improvements and cost reduction efforts.”

B&G Foods today also reaffirmed the full year fiscal 2020 financial guidance that was provided by the Company in its earnings release on November 5, 2020.

Today’s announcement is not expected to impact the timing of the completion of the pending Crisco acquisition. B&G Foods expects the acquisition to close during the fourth quarter of 2020, subject to customary closing conditions, including the receipt of regulatory approvals.

About David L. Wenner

David L. Wenner has been a member of B&G Foods’ Board of Directors since 1997. Mr. Wenner served as the Company’s President and Chief Executive Officer from March 1993 through December 2014. Mr. Wenner joined B&G Foods in 1989 as Assistant to the President and was directly responsible for Distribution and Bloch & Guggenheimer operations. In 1991, he was promoted to Vice President and assumed responsibility for all company manufacturing operations. Prior to joining B&G Foods, Mr. Wenner spent 13 years at Johnson & Johnson in supervision and management positions, responsible for manufacturing, maintenance and purchasing. Mr. Wenner has been active in industry trade groups and has served on the Chairman’s Advisory Council of the Grocery Manufacturers Association (now known as the Consumer Brands Association).

Having previously served as the President and Chief Executive Officer of B&G Foods for 22 years, Mr. Wenner brings to B&G Foods’ executive leadership team and the Board an extraordinary understanding of the Company’s business, history and organization. Mr. Wenner’s training as an engineer at the U.S. Naval Academy and prior experience in senior leadership positions overseeing manufacturing, maintenance and purchasing operations at B&G Foods and Johnson & Johnson, together with his many years of day-to-day leadership and intimate knowledge of B&G Foods’ business and operations, provide the Company’s executive leadership team and the Board with invaluable insight into the operations of the Company. Mr. Wenner also provides strong insight and guidance regarding potential acquisitions and acquisition financing as under his leadership as President and Chief Executive Officer, B&G Foods successfully acquired and integrated into the Company’s operations dozens of brands.

About B&G Foods, Inc.

Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. With B&G Foods’ diverse portfolio of more than 50 brands you know and love, including Back to Nature, B&G, B&M, Cream of Wheat, Dash, Green Giant, Las Palmas, Le Sueur, Mama Mary’s, Maple Grove Farms, New York Style, Ortega, Polaner, Spice Islands and Victoria, there’s a little something for everyone. For more information about B&G Foods and its brands, please visit www.bgfoods.com.

Forward-Looking Statements

Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements.” The forward-looking statements contained in this press release include, without limitation, statements related to the CEO search and transition; the Company’s strategies and growth plans; the reaffirmation of the Company’s full year fiscal 2020 financial guidance; and whether and when regulatory approvals will be obtained, the other closing conditions will be satisfied and the pending acquisition of the Crisco brand will close. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of B&G Foods to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “projects,” “intends,” “anticipates,” “assumes,” “could,” “should,” “estimates,” “potential,” “seek,” “predict,” “may,” “will,” or “plans” and similar references to future periods to be uncertain and forward-looking. Factors that may affect actual results include, without limitation: whether and when the required regulatory approvals will be obtained, whether and when the other closing conditions will be satisfied and whether and when the acquisition will close, whether and when the Company will be able to realize the expected financial results and accretive effect of the acquisition, and how customers, competitors, suppliers and employees will react to the acquisition; the impact of the COVID-19 pandemic on the Company’s business, including, without limitation, the ability of the Company and its supply chain partners to continue to operate manufacturing facilities, distribution centers and other work locations without material disruption; the Company’s substantial leverage; the effects of rising costs for the Company’s raw materials, packaging and ingredients; crude oil prices and their impact on distribution, packaging and energy costs; the Company’s ability to successfully implement sales price increases and cost saving measures to offset any cost increases; intense competition, changes in consumer preferences, demand for the Company’s products and local economic and market conditions; the Company’s continued ability to promote brand equity successfully, to anticipate and respond to new consumer trends, to develop new products and markets, to broaden brand portfolios in order to compete effectively with lower priced products and in markets that are consolidating at the retail and manufacturing levels and to improve productivity; the risks associated with the expansion of the Company’s business; the Company’s possible inability to identify new acquisitions or to integrate recent or future acquisitions or the Company’s failure to realize anticipated revenue enhancements, cost savings or other synergies; tax reform and legislation, including the effects of the U.S. Tax Cuts and Jobs Act and the U.S. CARES Act; the Company’s ability to access the credit markets and the Company’s borrowing costs and credit ratings, which may be influenced by credit markets generally and the credit ratings of the Company’s competitors; unanticipated expenses, including, without limitation, litigation or legal settlement expenses; the effects of currency movements of the Canadian dollar and the Mexican peso as compared to the U.S. dollar; the effects of international trade disputes, tariffs, quotas, and other import or export restrictions on the Company’s international procurement, sales and operations; future impairments of the Company’s goodwill and intangible assets; the Company’s ability to successfully complete the implementation of additional modules and the integration and operation of a new enterprise resource planning (ERP) system; the Company’s ability to protect information systems against, or effectively respond to, a cybersecurity incident or other disruption; the Company’s sustainability initiatives and changes to environmental laws and regulations; and other factors that affect the food industry generally. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in B&G Foods’ filings with the Securities and Exchange Commission, including under Item 1A, “Risk Factors” in the Company’s Annual Report on Form 10-K for fiscal 2019 filed on February 26, 2020 and in its subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. B&G Foods undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Investor Relations:

ICR, Inc.

Dara Dierks

866.211.8151

Media Relations:

ICR, Inc.

Matt Lindberg

203.682.8214

KEYWORDS: United States North America New Jersey

INDUSTRY KEYWORDS: Supermarket Retail Other Retail Food/Beverage

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MetLife Named to 2020 Dow Jones Sustainability Index

MetLife Named to 2020 Dow Jones Sustainability Index

NEW YORK–(BUSINESS WIRE)–
MetLife, Inc. (NYSE: MET) today announced that, for the fifth year in a row, it has been named to the Dow Jones Sustainability Index (DJSI) North America, in recognition of its commitment to sustainable business practices.

The Index is a widely recognized standard for measuring and advancing corporate environmental, social, and governance (ESG) practices across all industries. DJSI North America recognizes the top 20% sustainability performers among the 600 largest U.S. and Canadian companies. MetLife was one of only six insurers in North America to make the list.

“Expectations of companies to make a positive social impact and operate responsibly have grown dramatically over the past year,” said MetLife President and CEO Michel Khalaf. “MetLife continues to rise to the challenge. For over 152 years, we have been building a more confident future for all of our stakeholders. We remain committed to embedding sustainability into all we do so we can live our purpose long into the future.”

MetLife’s recognition by DJSI builds on a number of recent ESG milestones:

  • MetLife was the first U.S.-based life insurer to join the U.N. Global Compact, the world’s largest corporate sustainability initiative.
  • MetLife announced 11 new 2030 Environmental Goals aimed at reducing the environmental impact of the company’s global operations and supply chain, while leveraging its investments, products, and services to help protect communities and drive innovative solutions.
  • MetLife created a Sustainable Financing Framework, which aligns MetLife’s business and investment activities to support and drive a more sustainable future, and was the first insurer to issue a green funding agreement (FA)-backed note.
  • MetLife Foundation committed an additional $5 million over three years to advance racial equity in the U.S., which supplements the $10 million in annual contributions it already makes to support diverse communities and racial equity.

For more information on MetLife’s commitment to sustainability, visit MetLife.com/Sustainability. For information on the Index methodology, visit Dow Jones Sustainability Indices.

About MetLife

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

Rachel Pokay

331-452-4122

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Insurance Professional Services

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Vector Acquisition Corporation Announces the Separate Trading of Its Class A Ordinary Shares and Warrants Commencing November 16, 2020

Vector Acquisition Corporation Announces the Separate Trading of Its Class A Ordinary Shares and Warrants Commencing November 16, 2020

SAN FRANCISCO–(BUSINESS WIRE)–
Vector Acquisition Corporation (NASDAQ: VACQU) (the “Company”) announced that, commencing November 16, 2020, holders of the units sold in the Company’s initial public offering of 30,000,000 units, completed on September 29, 2020, may elect to separately trade the Class A ordinary shares and warrants included in the units. Any units not separated will continue to trade on the Nasdaq Capital Market (the “NASDAQ”) under the symbol “VACQU,” and the separated Class A ordinary shares and warrants are expected to trade on the NASDAQ under the symbols “VACQ” and “VACQW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Unitholders will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into Class A ordinary shares and warrants.

The units were initially offered by the Company in an underwritten offering. Deutsche Bank Securities Inc. and BofA Securities, Inc. acted as joint book-running managers of the offering. A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission (the “SEC”) on September 24, 2020.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Nathaniel Garnick / Grace Cartwright

Gasthalter & Co.

(212) 257-4170

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Banking Other Professional Services Professional Services Finance

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