Day: February 22, 2022

New HOWTIAN corporate brand name reflects the company’s expanded global footprint and a strengthened dedication to sustainability

ZHUCHENG, China, Feb. 22, 2022 (GLOBE NEWSWIRE) — Zhucheng Haotian Pharma Co., Ltd (ZCHT) — maker of SoPure™, the world’s leading commercial brand of natural stevia, and also the world’s #1 manufacturer of inositol — has announced it will now be operating as HOWTIAN®.

The new brand name and corporate identity reflects the substantial growth and evolution of the business since its inception in 1999. It began as a small manufacturer of inositol, a versatile health ingredient that belongs to the Vitamin B family and that is commonly used in human and animal nutrition for its variety of benefits. Today, the business is one of the world’s largest naturally processed stevia companies, with over 1,000 employees operating in 80 countries and with customers across the food, beverage, nutrition, and pharmaceutical industries.

“Having expanded into new markets with our expertise in innovative ingredient solutions and product formulation, we wanted this new brand name — which pays homage to our original name — to represent our diversified product portfolio and to consolidate our operational capabilities into one entity,” says Tom Fuzer, VP of Marketing at HOWTIAN. “We’re excited to launch this new chapter and we are looking forward to innovating more and accelerating our growth internationally.”

The HOWTIAN identity also represents a renewal of its mission to sustainably produce and supply premium natural ingredients at virtually any scale for business around the globe. The new corporate logo consists of three leaves in the shape of an “H” in green and yellow, representing HOWTIAN’s flourishing, naturally farmed crops. Its design signifies the company’s commitment to natural products, ethical farming, and sustainability.

In recent years, the business has made significant investments in building broader, end-to-end solutions and services. Its Technical and Application Groups provide customized formulation support for customers in the food, beverage, and nutritional sectors, as well as pre-mixing and blending services. Trained sensory teams are also available to support product testing. In-house regulatory teams provide guidance on meeting compliance requirements around the world.

In little more than two decades since its founding, the company has undergone rapid growth. In 2012, SoPure™ Stevia was launched, and on its way to becoming the largest stevia manufacturing operation in the world today, as well as one of the world’s top seven sweetener businesses. Since this time, it has continued to develop a number of other ingredients as additions to its portfolio of inositol and stevia. This includes functional ingredients such as PureQQ® Pyrroloquinoline Quinone, baicalin, and vitamin E powder.

For more information, please visit the new website at https://howtiangroup.com/.

To contact HOWTIAN, please email Tom Fuzer at info@howtiangroup.com.

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Image 1: New HOWTIAN® Logo

HOWTIAN’s new logo consists of three leaves in the shape of an ‘H’ in green and yellow, representing HOWTIAN’s flourishing, naturally farmed crops. Its design signifies the company’s commitment to natural products, ethical farming, & sustainability.

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• New HOWTIAN® Logo

Investment Round Led by Koch Investments Group (KSP) with New Strategic Investments from VMware, Juniper Networks, Intel Capital, and existing investors

SANTA CLARA, Calif., Feb. 22, 2022 (GLOBE NEWSWIRE) — Cohere Technologies, the innovator of Universal Spectrum Multiplier software for Open Radio Access Networks (O-RAN) and 4G, 5G and emerging 6G mobile networks, has raised a Series D investment round of $46 million to finalize the commercialization of its Universal Spectrum Multiplier (USM) Open RAN Software for any generation mobile network and scale international operations in support of customer trials.

“We are thrilled to have KSP lead this financing.  They are a terrific partner that truly knows this space and are fully committed to our growth. The strategic investors provide strong operational and technology support as we deliver on the full benefits of Open RAN,” said Ray Dolan, Chairman and CEO of Cohere Technologies. “Together, we will make a fully automated, programmable cellular network a reality, offering global operators the best CAPEX performance and the most agile network that will naturally evolve beyond today’s 4G/5G capabilities.”

Cohere has already demonstrated ~2X performance improvement for 4G FDD and 5G TDD for leading mobile operators. Universal Spectrum Multiplier software can be integrated by network equipment suppliers in the RAN or as an xApp in the Telco Cloud. Cohere’s patented Delay Doppler channel detection method facilitates orthogonal beam management, which leads to breakthrough MU-MIMO performance using the same time and frequency resources. The Delay Doppler channel engine is waveform independent, thus facilitating multiple dissimilar waveforms to operate in the same spectrum band.

“KSP invests in companies that are transforming industries.  We believe Cohere’s disruptive innovation has great platform potential even beyond today’s mobile networks,” said Adam DeWolf, Managing Director at Koch Strategic Platforms. “This management team has shown it can navigate a very difficult ecosystem and make its mark on the industry.”

Koch Strategic Platforms (KSP) is a subsidiary of Koch Investments Group, which is owned by Koch Industries. KSP focuses on growth equity through four thematic sectors: computing and connectivity, industrial automation, energy transformation, and health care. KSP aims to be a partner beyond capital investment by leveraging the resources and capabilities of Koch Industries to accelerate growth for companies in which it invests, as well as identifying new platforms for Koch Industries.

Existing investors include Lightspeed Ventures, NEA, and Telstra Ventures.

Evercore acted as the sole financial advisor to Cohere Technologies on this financing round.

About Cohere Technologies
Cohere is the innovator of Spectrum Multiplier software for Open Radio Access Networks and existing 4G and 5G mobile networks, and the developer of the Orthogonal Time Frequency Space (OTFS) 6G wireless system. Cohere is headquartered in Santa Clara, Calif. Website  www.cohere-tech.com Twitter: @Cohere_4G_5G

Media Contacts
Ronny Haraldsvik
SVP Business Development & Marketing
haraldsvik@cohere-technologies.com

Holly Abbott
Babel PR for Cohere
cohere@babelpr.com

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• Cohere Technologies

Cohere Solves Multi-Generation Waveform Co-existence; Maximizes Value of Spectrum Assets

SANTA CLARA, Calif., Feb. 22, 2022 (GLOBE NEWSWIRE) — Cohere Technologies, the innovator of spectrum multiplier software for Open Radio Access Networks (O-RAN) and 4G, 5G and emerging 6G mobile networks, has evolved its spectrum software functionalities to deliver up to 2X spectrum performance boost for both 4G and 5G networks simultaneously when spectrum is being shared using Cohere’s Universal Spectrum Multiplier (USM).

Today’s Dynamic Spectrum Sharing (DSS) approach penalizes 5G mobile performance to accommodate 4G devices. Cohere’s USM now enables mobile operators to share spectrum between 4G and 5G subscribers to double performance and take full advantage of Multi-User, Massive MIMO and cloud economics.

“Recent U.S. auctions totaled more than $100 billion and underscore the massive value of licensed spectrum, and the opportunity to double the performance of this huge investment can’t be understated,” said Ray Dolan, Chairman and CEO at Cohere Technologies. “Our software can now support multiple waveforms, including 4G, 5G and in the near future, 6G, and removes barriers to generational co-existence.”

Cohere enables a graceful transition from 4G to 5G by facilitating full performance spectrum sharing that will improve ROI and ease 4G to 5G migration. Cohere’s patented Delay Doppler channel detection method facilitates orthogonal beam management, which leads to breakthrough MU-MIMO performance in both FDD and TDD spectrum, using the same time and frequency resources. The Delay Doppler channel engine is waveform independent, thus facilitating multiple dissimilar waveforms to operate in the same spectrum band.  The outcome is improved performance and maximized value of all spectrum assets.

“The maximization of spectrum resources is crucial for all mobile operators,” said Nick Tompson, strategic technology lead for RAN solutions with Telstra. “4G will be around for many more years and the co-existence of 4G with 5G is a must-have as networks evolve. We welcome this pragmatic solution approach by Cohere.”

Universal Spectrum Multiplier software can be integrated by network equipment suppliers in the RAN or as an xApp in the Telco Cloud. Cohere has already demonstrated 2X performance improvement for 4G FDD and 5G TDD for leading mobile operators such as Vodafone along with VMware, Intel, and CapGemini.

“Cohere and VMware are working closely together to demonstrate the power and potential of cloud economics and O-RAN innovation,” said Stephen Spellicy, vice president of product marketing and business development with VMware’s Service Provider & Edge Business Unit. “Customers have successfully tested our existing O-RAN solution and confirmed substantial improvements to 5G network and spectrum efficiencies. We plan to bring these capabilities to both 4G and 5G networks to help service providers further their RAN investments.”

Cohere’s Spectrum Multiplier xApp is proven on VMware’s industry-leading Radio Access Network Intelligent Controller (RIC) telco cloud platform and leverages Intel’s FlexRAN reference architecture.

“Making the most of their 4G and 5G investments is very important to operators,” said Cristina Rodriguez, vice president and general manager, Wireless Access Network Division at Intel. “Cohere’s spectrum multiplier innovation overlaid on FlexRAN software for 4G and 5G is a strong example of how industry collaboration and ecosystem innovation can accelerate development and meet demanding network requirements.”

Cohere will conduct customer field trials for 5G FDD and 4G + 5G USM in the first half of 2022. This year Cohere will also demonstrate a 6G system using the Orthogonal Time Frequency Space (OTFS) waveform and show 6G and 5G co-existence with OTFS and OFDM waveforms.

Cohere is showcasing the network benefits of its Universal Spectrum Multiplier software at Mobile World Congress taking place in Barcelona, Spain, Feb. 28 through March 1. Visit Cohere at CS318 by Hall 4.

About Cohere Technologies

Cohere is the innovator of Spectrum Multiplier software for Open Radio Access Networks and existing 4G and 5G mobile networks, and the developer of the Orthogonal Time Frequency Space (OTFS) 6G wireless system. Cohere is headquartered in Santa Clara, Calif. Website: www.cohere-tech.com Twitter: @Cohere_4G_5G

Media Contact
Holly Abbott
Babel PR for Cohere
cohere@babelpr.com

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• Cohere Technologies

All amounts in U.S. dollars unless otherwise stated 

PLANO, Texas, DOHA, Qatar, and TORONTO, Feb. 22, 2022 (GLOBE NEWSWIRE) — AIT (the “company”), together with its founding management and Onex Corporation (“Onex”) (TSX: ONEX), today announced that Qatar Investment Authority (“QIA”), the sovereign wealth fund of the State of Qatar, through its affiliates, has agreed to acquire a minority interest in AIT, the world’s largest provider of factory automation to the aerospace, defense, and space launch sectors. The transaction is expected to close in 2022, subject to regulatory conditions and approvals.

QIA will acquire its interest in AIT through a combination of primary capital and partial sales by the company’s two existing shareholders, AIT’s founding management team and Onex Partners IV. Following the transaction, all three parties will assume minority joint ownership of the company.

“QIA is among the world’s most sophisticated investors. We’ve been deliberate in our choice of partner and are excited for this next chapter in our history,” commented Ed Chalupa, AIT’s Founder, Chairman and Chief Executive Officer. “AIT is emerging from the pandemic with the highest quality contracted backlog in its history. Our ability to attract high quality investors is testament to the critical role automation technology is playing in restoring factory production rates, easing cost pressures and enabling industry product launches after a two-year pandemic disruption.”

Mr. Mansoor bin Ebrahim Al-Mahmoud, Chief Executive Officer of QIA, said: “We continue to target value added growth businesses in automation and productivity enhancing industries globally. We’re excited to partner with AIT, as it looks to address demand post pandemic, while exploring new avenues for innovation in space launch and urban air mobility.”

About AIT
Headquartered in Plano, TX, Advanced Integration Technology (“AIT”) is the world’s largest provider of automation, factory integration and tooling solutions dedicated to the global aerospace, defense, and space launch vehicle industries, as well as new manufacturing solutions for commercial urban air mobility markets. AIT serves a wide range of global, blue-chip OEMs and Tier 1 suppliers, including Airbus, Boeing, Lockheed Martin, Northrop Grumman, and Spirit AeroSystems. AIT has facilities in the United States, Canada, Spain, and Sweden. For more information on AIT, visit its website at www.aint.com.

About QIA
Qatar Investment Authority (“QIA”) is the sovereign wealth fund of the State of Qatar. QIA was founded in 2005 to invest and manage the state reserve funds. QIA is among the largest and most active sovereign wealth funds globally. QIA invests across a wide range of asset classes and regions as well as in partnership with leading institutions around the world to build a global and diversified investment portfolio with a long-term perspective that can deliver sustainable returns and contribute to the prosperity of the State of Qatar. For more information on QIA, visit its website at www.qia.qa.

About Onex
Founded in 1984, Onex manages and invests capital on behalf of its shareholders, institutional investors and high net worth clients from around the world. Onex’ platforms include: Onex Partners, private equity funds focused on mid- to large-cap opportunities in North America and Western Europe; ONCAP, private equity funds focused on middle market and smaller opportunities in North America; Onex Credit, which manages primarily non-investment grade debt through tradeable, private and opportunistic credit strategies as well as actively managed public equity and public credit funds; and Gluskin Sheff’s wealth management services. In total, as of September 30, 2021, Onex has approximately $47 billion of assets under management, of which approximately $7.9 billion is its own investing capital. With offices in Toronto, New York, New Jersey, Boston and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.

Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.

Advisors
Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. are serving as financial advisors to AIT and Fried, Frank, Harris, Shriver & Jacobson LLP and White & Case LLP are serving as its legal advisors. Sullivan & Cromwell LLP is serving as legal advisor to QIA.

Forward-Looking Statements
This press release may contain, without limitation, statements concerning possible or assumed future operations, performance or results preceded by, followed by or that include words such as “believes”, “expects”, “potential”, “anticipates”, “estimates”, “intends”, “plans” and words of similar connotation, which would constitute forward-looking statements. Forward-looking statements are not guarantees. The reader should not place undue reliance on forward-looking statements and information because they involve significant and diverse risks and uncertainties that may cause actual operations, performance or results to be materially different from those indicated in these forward-looking statements. Except as may be required by Canadian securities law, Onex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or other factors. These cautionary statements expressly qualify all forward-looking statements in this press release.

For Further Information:

AIT Michael Wellham President & COO Michael.Wellham@aint.com

QIA Media@qia.qa

Onex Jill Homenuk Managing Director – Shareholder Relations and Communications Tel: +1 416.362.7711

Accomplished sales leader will provide strategic insight as Bombardier grows its customer base

MONTREAL, Feb. 22, 2022 (GLOBE NEWSWIRE) — Bombardier is pleased to announce the appointment of Christophe Degoumois, a former senior sales leader with the company, to the role of independent Executive Advisor, assisting the management team in strategic projects.

Mr. Degoumois, who until recently was Vice President, Sales, International, at Bombardier, has over 17 years of experience with the company, and played a key role in instilling its customer-centric culture.

“The business aviation industry continues to perform well and to attract interest from around the world,” said Eric Martel, President and Chief Executive Officer, Bombardier. “Christophe will bring valuable strategic insight to our leadership team as Bombardier executes its plan toward 2025 growth objectives, in this new era as a company focused on designing, delivering and servicing the world’s best business jets.”

Bombardier’s leading portfolio of Challenger and Global business jets is well positioned to meet a growing demand for business aviation. Bombardier aircraft are sought-after around the world thanks to their performance, unmatched cabin experience and smooth ride.

About Bombardier

Bombardier is a global leader in aviation, focused on designing, manufacturing and servicing the world’s most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. Bombardier aircraft are also trusted around the world in special-mission roles.

Headquartered in Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China and an Australian facility opening in 2022.

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com. Follow us on Twitter @Bombardier.

Bombardier, Challenger and Global are registered or unregistered trademarks of Bombardier Inc or its subsidiaries.

For Information
Louise Solomita
Bombardier
514-855-5001, ext. 25148
Louise.Solomita@aero.bombardier.com

JERSEY CITY, N.J., Feb. 22, 2022 (GLOBE NEWSWIRE) — Verisk (Nasdaq: VRSK), a leading global data analytics provider, today announced that it has entered into a definitive agreement to sell Verisk Financial Services, its financial services business unit, to TransUnion (NYSE: TRU), a global information and insights company, for $515 million in cash consideration paid at closing.

Verisk Financial maintains the largest financial institution consortia to provide proprietary competitive portfolio performance insights, benchmarking, decisioning algorithms and business intelligence. It also offers customized analytic services to leading financial institutions, payments providers, alternative lenders, regulators and retailers worldwide. With teams across eight countries, Verisk Financial serves the largest companies in the payment ecosystem and provides competitive studies, predictive analytics, models and advisory services. Verisk Financial also addresses merchant fraud, regulatory compliance and consumer bankruptcy for financial institutions around the world. Verisk Financial’s leading business, Argus Information & Advisory Services, is a long-standing strategic partner of TransUnion.

The sale of Verisk Financial follows Verisk’s recently announced agreement to sell its 3E business and marks the next step in the company’s ongoing portfolio shaping strategy to sharpen the focus on its core businesses and drive enhanced value creation.

“Last year, we began a comprehensive portfolio review to identify the most value creating opportunities available to Verisk and best position our company for continued sustainable growth. With the sale of Verisk Financial to TransUnion, we are sharpening our focus on our core growth engines, while unlocking value for our shareholders,” said Scott Stephenson, Verisk chairman, president and CEO. “Beyond the benefits to our shareholders, this transaction will ensure the Verisk Financial team can continue to execute on their long-term strategy and commitment to providing unique and enabling solutions to the financial services industry.”

Verisk CFO and group president Lee Shavel said, “Verisk Financial has continuously strengthened its offerings, deepened its relationships with clients and broadened the client objectives it supports. Over the past four years, the Verisk Financial group has made significant strategic and operational shifts that will benefit the business and its clients in the long run.”

Chris Cartwright, president and CEO of TransUnion, said, “Verisk Financial is a distinctive business with authoritative, proprietary data — particularly from Argus’s consortium of lender-contributed data and analytics. TransUnion’s broad range of data, analytics and technology enhances Verisk Financial’s existing data set and expands their addressable market while delivering valuable innovation to members of the consortium.”

In 2021, on a reported basis Verisk Financial generated $143 million in revenue and $23 million in adjusted EBITDA. At the business unit level, Verisk Financial generated $41 million in adjusted EBITDA before corporate allocations and one-time discrete costs. Verisk intends to return the after-tax proceeds to shareholders through share repurchases. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the second quarter of 2022. Goldman Sachs & Co. LLC is acting as financial advisor and Davis Polk & Wardwell as legal advisor to Verisk in connection with the transaction.

About Verisk

Verisk (Nasdaq: VRSK) provides predictive analytics and decision-support solutions to customers in the insurance, energy and specialized markets, and financial services industries. More than 70 percent of the FORTUNE 100 relies on the company’s advanced technologies to manage risks, make better decisions and improve operating efficiency. The company’s analytic solutions address insurance underwriting and claims, fraud, regulatory compliance, natural resources, catastrophes, economic forecasting, geopolitical risks, as well as environmental, social, and governance (ESG) matters. Celebrating its 50th anniversary, the company continues to make the world better, safer and stronger, and fosters an inclusive and diverse culture where all team members feel they belong. With more than 100 offices in nearly 35 countries, Verisk consistently earns certification by Great Place to Work. For more: Verisk.com, LinkedIn, Twitter, Facebook, and YouTube.

Investor Relations
Stacey Brodbar
Head of Investor Relations
Verisk
201-469-4327
stacey.brodbar@verisk.com

Media
Alberto Canal
Verisk
201-469-2618
alberto.canal@verisk.com

Forward-Looking Statements

This release contains forward-looking statements. These statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “target,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue” or the negative of these terms or other comparable terminology. You should not place undue reliance on forward-looking statements, because they involve known and unknown risks, uncertainties, and other factors that are, in some cases, beyond our control and that could materially affect actual results, levels of activity, performance, or achievements.

Other factors that could materially affect actual results, levels of activity, performance, or achievements can be found in our quarterly reports on Form 10-Q, annual reports on Form 10-K, and current reports on Form 8-K filed with the Securities and Exchange Commission. If any of these risks or uncertainties materialize or if our underlying assumptions prove to be incorrect, actual results may vary significantly from what we projected. Any forward-looking statement in this release reflects our current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to our operations, results of operations, growth strategy, and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise.

Investor Relations
Stacey Brodbar
Head of Investor Relations
Verisk
201-469-4327
stacey.brodbar@verisk.com

Media
Alberto Canal
Verisk
201-469-2618
alberto.canal@verisk.com

The Company will present its updated 2024 Strategic Business Plan, hosting an in-person and virtual event with presentations starting at 12 noon EST / 6:00 p.m. CET.
Follow the full event live at: capitalmarketsday.cnhindustrial.com

London, February 22, 2022

CNH Industrial (NYSE: CNHI / MI: CNHI) will host its Capital Markets Day today at The Fillmore Theater in Miami Beach, Florida, USA.

Presentations will commence at 12 noon EST / 6:00 p.m. CET and proceed as follows:

Opening Remarks Corporate Strategy Roadmap	Scott W. Wine, Chief Executive Officer
Precision Technology	Parag Garg, Chief Digital Officer
Agriculture Segment	Derek Neilson, President Agriculture
Construction Segment	Stefano Pampalone, President Construction
Electrification & Alternative Fuels	Selin Tur, Vice President Advanced Technologies and Innovations
Sustainability	Kelly Manley, Chief Diversity & Inclusion, Sustainability and Transformation Officer
Financial Plan	Oddone Incisa, Chief Financial Officer

All event presentations will be made available in due course through the CNH Industrial corporate website.

CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company that sustainably advances the noble work of agriculture and construction workers. The Company provides the strategic direction, R&D capabilities, and investments that enable the success of its five core Brands: Case IH, New Holland Agriculture and STEYR, supplying 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment delivering a full lineup of construction products that make the industry more productive. Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial’s 35,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.

For more information and the latest financial and sustainability reports visit: cnhindustrial.com

For news from CNH Industrial and its Brands visit: media.cnhindustrial.com

Contacts:

Media Relations
Email: mediarelations@cnhind.com

Investor Relations
Email: investor.relations@cnhind.com

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• 20220222_PR_CNH_Industrial_CMD_Follow_Live
• 20220222_CS_CNH_Industrial_CMD_Segui_ in_diretta
• CNH Industrial Capital Markets Day