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Daily Archives: January 6, 2021

Germany’s BfArM Joins SNOMED International for Nationwide Use of SNOMED CT

LONDON, Jan. 06, 2021 (GLOBE NEWSWIRE) — Germany’s Federal Institute for Drugs and Medical Devices (BfArM) has announced their membership in SNOMED International for national use of SNOMED CT from the beginning of January 2021.

SNOMED CT, the world’s most comprehensive clinical terminology and a recognized critical element for the electronic exchange of health data, is an important building block to achieve Germany’s digitization initiative. Effective January 1, 2021, German users can register to request a free license for use of SNOMED CT by visiting the BfArM’s National Release Center website.

BfArM President Prof. Dr. Karl Broich shares, “with SNOMED CT, the digitization of the healthcare system in Germany continues. As an international standardized health terminology, SNOMED CT is an important prerequisite for the reliable use and exchange of medical data from various sources to enable clinical and research activities. This is how we accelerate innovative developments and deliver new types of care options more quickly to patients.”

Not all users in Germany will be new to SNOMED CT. In 2020, the Federal Ministry of Education and Research initiated a pilot license with a limited number of sub-licenses for Medical Informatics Initiative research participants and partners, an endeavor led by the TMF. Additionally, SNOMED International and Germany have, over the years, arranged for limited public good licenses allowing German clinicians, researchers and academics to experience the power of SNOMED CT. Now with full membership, all German institutions and specialist groups involved in the health care sector wishing to use SNOMED CT in their applications can apply for a free license from the BfArM.

Founded in 2007 by nine charter nations, SNOMED International is a not-for-profit organization that owns and maintains SNOMED CT, the world’s most comprehensive clinical terminology. With over 350,000 concepts, SNOMED CT is not just a coding system of diagnosis. It also covers clinical findings like signs and symptoms and tens of thousands of surgical, therapeutic and diagnostic procedures. Also within the scope of SNOMED CT are observables and those concepts representing body structures, organisms, substances, pharmaceutical products, physical objects, physical forces, specimens, etc. needed to be recorded in or around the health record.

With SNOMED CT, users can record patient data more accurately, exchange patient data both within the health care team and with patients, both locally and across borders, to improve patient outcomes. Further, SNOMED CT can be used in health data and analytics platforms for clinical analytics, population analytics, management analytics, clinical research, applied research, and other research activities to improve health care.

SNOMED International CEO Don Sweete recognizes the dedication and work Germany has committed to formally begin their SNOMED CT journey. “With our global circumstance, 2021 is a year to showcase the power delivered by digital health,” Don says. “Furthering Germany’s digital health goals, SNOMED International membership will enable German users nationally to take advantage of augmented content areas such as Social Care and Social Determinants of Health, Genomics, Vaccines, and Devices. Due to SNOMED CT’s polyhierarchical structure, Germany will be able to leverage SNOMED CT to engage in leading edge research and data analytics.”

SNOMED International is proud to now work with 22 Members across Europe, and 40 Members globally. The addition of Germany to the organization further extends the reach of interoperable patient health information across Europe and broadens mature use of SNOMED CT to support German care delivery and clinical research.

For more information, please visit SNOMED International or the BfArM SNOMED CT website.

Media Contact:

Kelly Kuru
SNOMED International | Chief Communications Officer
(e) comms@snomed.org

LeddarTech Announces the Appointment of Carl-Peter Forster to Its Board of Directors

QUEBEC CITY, Jan. 06, 2021 (GLOBE NEWSWIRE) — LeddarTech®, a global leader in Level 1-5 ADAS and AD sensing technology, is pleased to announce the appointment of Carl-Peter Forster to the Board of Directors, which further enhances the diversity and experience of the Board.

Carl-Peter Forster holds a degree in economics from Bonn University and a degree in aviation and space technology from the Technical University in Munich, Germany.

Carl-Peter has an extensive senior management background in the automotive industry with brands including BMW AG, in Munich, where he held various positions including Vice-President. He was also Managing Director of BMW South Africa, and a member of the board of BMW AG, responsible for global manufacturing, until 2000. Between 2001 and 2009, Carl-Peter was Managing Director of Adam Opel AG, then from 2006 President and CEO of General Motors Europe and a member of GM’s Global Automotive Strategy board. From 2010 to 2011, he was Group CEO of Tata Motors (which included Jaguar Land Rover).

Since 2013, Carl-Peter has been a special advisor to the Chairman of the Geely Group, also holding board positions at Volvo Cars Group in Gothenburg (Sweden), Geely Automobile Holdings Ltd. (Hong Kong), as well as CEVT (the Geely engineering center in Gothenburg), and Chairman of The London Electric Vehicle Company (formerly The London Taxi Company) until 2019. In addition to serving as a board member for LeddarTech, Carl-Peter is currently Chairman of Chemring Plc, Chairman of the Shareholder Committee of Hella KGaA, and a member of the boards of IMI Plc, Babcock Plc, The Mobility House AG, Gordon Murray Design Ltd., Kinexon GmbH, Clear Motion Ltd., and Envisics Ltd.

“The LeddarTech Board of Directors is very pleased to welcome Carl-Peter Forster to the LeddarTech team”, stated Mr. Michel Brûlé, chairman of the Board of LeddarTech. “Carl-Peter brings with him a wealth of industry experience as a leader with some of the world’s largest automotive companies. Carl-Peter’s extensive experience in the automotive industry as well as in ADAS and AD technology companies will be a tremendous asset to LeddarTech,” Mr. Brûlé concluded.

About LeddarTech

LeddarTech is a leader in environmental sensing platforms for autonomous vehicles and advanced driver assistance systems. Founded in 2007, LeddarTech has evolved to become a comprehensive end-to-end environmental sensing company by enabling customers to solve critical sensing and perception challenges across the entire value chain of the automotive and mobility market segments. With its LeddarVision™ sensor-fusion and perception platform and its cost-effective, scalable, and versatile LiDAR development solution for automotive-grade solid-state LiDARs based on the LeddarEngine™, LeddarTech enables Tier 1-2 automotive system integrators to develop full-stack sensing solutions for autonomy level 1 to 5. These solutions are actively deployed in autonomous shuttle, truck, bus, delivery vehicle, smart city/factory, and robotaxi applications. The company is responsible for several innovations in cutting-edge automotive and mobility remote-sensing applications, with over 95 patented technologies (granted or pending) enhancing ADAS and autonomous driving capabilities.

Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter, Facebook, and YouTube.

Contact:
Daniel Aitken, Vice-President, Global Marketing, Communications, and Product Management, LeddarTech Inc.
Tel.: + 1-418-653-9000 ext. 232
daniel.aitken@leddartech.com

Leddar, LeddarTech, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, VAYADrive, VayaVision, and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names, and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

LeddarTech ประกาศแต่งตั้ง Carl-Peter Forster ให้ดำรงตำแหน่งคณะกรรมการบริษัท

ควิเบก ซิตี้, Jan. 06, 2021 (GLOBE NEWSWIRE) — LeddarTech® ผู้นำระดับโลกด้านเทคโนโลยีการตรวจจับ ADAS และ AD ระดับ 1-5 มีความยินดีที่จะประกาศแต่งตั้ง Carl-Peter Forster ให้ดำรงตำแหน่งคณะกรรมการบริษัท ซึ่งจะช่วยเพิ่มความหลากหลายและประสบการณ์ของคณะกรรมการ

Carl-Peter Forster สำเร็จการศึกษาระดับปริญญาด้านเศรษฐศาสตร์จากมหาวิทยาลัย Bonn University และปริญญาด้านเทคโนโลยีการบินและอวกาศจากมหาวิทยาลัย Technical University ในมิวนิก ประเทศเยอรมนี

Carl-Peter มีพื้นฐานด้านการบริหารระดับสูงที่กว้างขวางในด้านอุตสาหกรรมยานยนต์กับแบรนด์ต่างๆ เช่น BMW AG ในมิวนิก ซึ่งเขาดำรงตำแหน่งที่หลากหลายในแผนก หนึ่งในตำแหน่งนั้นคือรองประธานเขายังเคยเป็นกรรมการผู้จัดการของ BMW แอฟริกาใต้ และเป็นสมาชิกของคณะกรรมการของ BMW AG ซึ่งรับผิดชอบการผลิตทั่วโลกจนถึงปี 2000ระหว่างปี 2001 ถึงปี 2009 Carl-Peter ดำรงตำแหน่งกรรมการผู้จัดการของ Adam Opel AG จากนั้นได้ดำรงตำแหน่งประธานและ CEO ของ General Motors Europe ตั้งแต่ปี 2006 และเป็นสมาชิกคณะกรรมการด้านกลยุทธ์ยานยนต์ระดับโลกของ GMตั้งแต่ปี 2010 ถึงปี 2011 เขาได้ดำรงตำแหน่ง CEO กลุ่มของ Tata Motors (ซึ่งรวมถึง Jaguar Land Rover)

ตั้งแต่ปี 2013 Carl-Peter เป็นที่ปรึกษาพิเศษของประธานกลุ่ม Geely Group และยังดำรงตำแหน่งคณะกรรมการที่ Volvo Cars Group ในโกเธนเบิร์ก (สวีเดน), Geely Automobile Holdings Ltd. (ฮ่องกง) รวมถึง CEVT (ศูนย์วิศวกรรมของ Geely ในโกเธนเบิร์ก) และประธานบริษัท The London Electric Vehicle Company (เดิมชื่อ The London Taxi Company) จนถึงปี 2019นอกเหนือจากการเป็นสมาชิกคณะกรรมการของ LeddarTech แล้ว ปัจจุบัน Carl-Peter ยังดำรงตำแหน่งประธานกรรมการของ Chemring Plc, ประธานคณะกรรมการผู้ถือหุ้นของ Hella KGaA และสมาชิกคณะกรรมการของ IMI Plc, Babcock Plc, The Mobility House AG, Gordon Murray Design Ltd., Kinexon GmbH, Clear Motion Ltd. และ Envisics Ltd.

“คณะกรรมการของ LeddarTech ยินดีเป็นอย่างยิ่งที่ได้ต้อนรับ Carl-Peter Forster เข้าสู่ทีม LeddarTech” Mr. Michel Brûlé ประธานคณะกรรมการของ LeddarTech กล่าว“Carl-Peter เปี่ยมไปด้วยประสบการณ์มากมายในอุตสาหกรรมในฐานะผู้นำของบริษัทยานยนต์ที่ใหญ่ที่สุดในโลกประสบการณ์อันยาวนานของ Carl-Peter ในอุตสาหกรรมยานยนต์ตลอดจนในบริษัทเทคโนโลยี ADAS และ AD จะเป็นสินทรัพย์อันทรงคุณค่าสำหรับ LeddarTech” Mr. Brûlé กล่าวสรุป

เกี่ยวกับ LeddarTech

LeddarTech เป็นผู้นำในด้านแพลตฟอร์มการตรวจจับสภาพแวดล้อมสำหรับยานยนต์อัตโนมัติและระบบช่วยเหลือผู้ขับขี่ขั้นสูงLeddarTech ก่อตั้งในปี 2007 โดยได้พัฒนาเป็นบริษัทการตรวจจับสภาพแวดล้อมแบบครบวงจรโดยให้ลูกค้าสามารถแก้ไขปัญหาการตรวจจับและการรับรู้ที่สำคัญได้ทั่วทั้งห่วงโซ่คุณค่าของตลาดยานยนต์และการเคลื่อนที่ด้วยแพลตฟอร์มการรวมสัญญาณเซ็นเซอร์และการรับรู้ของ LeddarVision™ และโซลูชันการพัฒนา LiDAR ที่คุ้มค่า ปรับขนาดได้ และอเนกประสงค์ LiDAR แบบโซลิดสเตตระดับยานยนต์ที่ใช้งาน LeddarEngine™ ทำให้ LeddarTech ช่วยให้ผู้วางระบบยานยนต์ระดับ Tier 1-2 พัฒนาโซลูชันการตรวจจับแบบครอบคลุมทั้งหมดสำหรับยานยนต์อัตโนมัติระดับ 1 ถึง 5โซลูชันนี้ได้รับการปรับใช้ในการใช้งานรถรับส่งขับขี่อัตโนมัติ รถบรรทุก รถโดยสารประจำทาง รถส่งสินค้า เมือง/โรงงานอัจฉริยะ และแท็กซี่ไร้คนขับบริษัทเป็นผู้รับผิดชอบในการคิดค้นนวัตกรรมใหม่ๆ ในแอปพลิเคชันตรวจจับยานยนต์และการเคลื่อนที่ระยะไกลที่ทันสมัยด้วยเทคโนโลยีที่จดสิทธิบัตรมากกว่า 95 รายการ (จดสิทธิบัตรแล้วหรือรอดำเนินการ) ที่ช่วยเสริมขีดความสามารถ ADAS และการขับขี่แบบอัตโนมัติ

สามารถดูข้อมูลเพิ่มเติมเกี่ยวกับ LeddarTech ได้ที่ www.leddartech.com และบน LinkedInTwitterFacebook และ YouTube

ติดต่อ:
Daniel Aitken รองประธานฝ่ายการตลาด การสื่อสารและการจัดการผลิตภัณฑ์ระดับโลก LeddarTech Inc.
โทร:+ 1-418-653-9000 ext. 232
daniel.aitken@leddartech.com

Leddar, LeddarTech, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, VAYADrive, VayaVision และโลโก้ที่เกี่ยวข้องเป็นเครื่องหมายการค้าหรือเครื่องหมายการค้าจดทะเบียนของ LeddarTech Inc. และบริษัทในเครือแบรนด์ ชื่อผลิตภัณฑ์ และเครื่องหมายต่างๆ ทั้งหมดเป็นหรืออาจเป็นเครื่องหมายการค้าที่ใช้เพื่อระบุถึงผลิตภัณฑ์หรือบริการต่างๆ ของเจ้าของที่เกี่ยวข้อง

Constellation Brands Announces Full Redemption of 3.75% Senior Notes Due 2021

VICTOR, N.Y., Jan. 05, 2021 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has given notice for full redemption prior to maturity of all of its outstanding 3.75% Senior Notes due 2021 (CUSIP Number: 21036PAK4) (the “notes”) to be effected on February 4, 2021 (the “redemption date”). As of January 5, 2021, there were $500.0 million in aggregate principal amount of the notes outstanding.

The redemption price for the notes, payable in cash, will be calculated pursuant to the formula set forth in the supplemental indenture relating to the notes, and will include a make-whole premium of approximately $4.0 million.

ABOUT CONSTELLATION BRANDS
Constellation Brands is an international producer and marketer of beer, wine and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Constellation is the third-largest beer company in the U.S. and a leading, higher-end wine and spirits company in the U.S. market. Constellation’s brand portfolio includes Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, Pacifico, the Robert Mondavi brand family, Kim Crawford, Meiomi, The Prisoner brand family, SVEDKA Vodka, Casa Noble Tequila, and High West Whiskey.

FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Statements which are not historical facts and relate to future plans, events or performance are forward-looking statements that are based upon management’s current expectations and are subject to risks and uncertainties. The forward-looking statements are based on management’s current expectations and should not be construed in any manner as a guarantee that such events or results will in fact occur. All forward-looking statements speak only as of the date of this news release and Constellation Brands undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Detailed information regarding risk factors with respect to the company are included in the company’s filings with the SEC.

MEDIA CONTACTS INVESTOR RELATIONS CONTACTS
Mike McGrew 773-251-4934 / michael.mcgrew@cbrands.com
Amy Martin 585-678-7141 / amy.martin@cbrands.com
Patty Yahn-Urlaub 585-678-7483 / patty.yahn-urlaub@cbrands.com
Marisa Pepelea 312-741-2316 / marisa.pepelea@cbrands.com

A downloadable PDF copy of this news release can be found here: http://ml.globenewswire.com/Resource/Download/52a4a6a8-efdf-42f2-80fb-c52140c421ba

Constellation Brands Completes Wine and Spirits Transactions With E. & J. Gallo to Focus Portfolio on Consumer Premiumization Trends

VICTOR, N.Y., Jan. 05, 2021 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has closed its transaction with E. & J. Gallo Winery to divest a portion of Constellation’s wine and spirits portfolio principally priced at $11 retail and below, including certain related facilities located in California, New York, and Washington state. The aggregate transaction price was approximately $810 million, consisting of approximately $560 million in cash paid at closing and the opportunity to receive up to $250 million in earnout payments if brand performance targets are met over a two-year period after closing. The transaction price reflects various adjustments of approximately $220 million related primarily to changes in inventory for which Constellation has already received the benefit.

Constellation also closed its separate but related transaction with Gallo to divest the Nobilo wine brand and certain related assets and liabilities for approximately $130 million, subject to certain post-closing adjustments.

“The closing of these deals positions our wine and spirits business for accelerated revenue growth and operating margin performance going forward,” said Bill Newlands, Constellation Brands’ president and chief executive officer. “We continue to see the staying power of consumer-driven premiumization trends, and these moves align with our vision of building a winning portfolio of bold and distinctive higher-end brands. We are grateful for the dedication of our internal teams, and the support and collaboration from Gallo and our business partners to help us close these transactions and ensure as smooth a transition as possible.”

Separately, Constellation has also closed its transaction with Vie-Del Company to divest certain brands used in Constellation’s grape juice concentrate business, together with related inventory, interests in certain contracts, and liabilities. Constellation’s agreement with Sazerac to divest the Paul Masson Grande Amber Brandy brand, related inventory, and interests in certain contracts for approximately $255 million, subject to certain closing and post-closing adjustments, has been authorized by the Federal Trade Commission and is expected to close in January 2021.

Constellation’s remaining wine and spirits portfolio represents a collection of powerhouse brands such as the iconic Robert Mondavi brand family, The Prisoner Wine Company brand family, Kim Crawford – the #1 sauvignon blanc in the U.S. market, Meiomi – the #1 pinot noir in the U.S., and SVEDKA Vodka – the #1 imported vodka in the U.S. The company’s portfolio also includes a collection of highly-rated, higher-end brands such as SIMI, Schrader Cellars, Mount Veeder Winery, High West Whiskey, and Casa Noble Tequila, as well as premium wine innovations such as Unshackled, High West barrel finished cocktails, Meiomi Cabernet Sauvignon, and Kim Crawford Illuminate.

FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The word “expect” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to business strategy, future operations, future revenue growth, future operating margin performance, prospects, plans, and objectives of management, as well as information concerning expected actions of third parties. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements.

The forward-looking statements are based on management’s current expectations and should not be construed in any manner as a guarantee that such results will in fact occur or will occur on any contemplated timetable. All forward-looking statements speak only as of the date of this news release and Constellation Brands undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. There can be no assurance that Constellation Brands will receive any earnout (contingent consideration) from its recently completed Wine and Spirits Transaction with E. & J. Gallo Winery. The pending Paul Masson Grande Amber Brandy transaction with Sazerac Investments, LLC is subject to closing conditions. There can be no assurance the Paul Masson Grande Amber Brandy transaction will occur or will occur on the terms, conditions or timetable contemplated hereby or that Constellation will receive any specific amount of proceeds from that transaction.

In addition to risks and uncertainties associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties, including completion of the Paul Masson Grande Amber Brandy transaction; actual purchase price adjustments and other actual post-closing adjustments; the actual market performance of brands included in the contingent consideration payment opportunity; the accuracy of all projections; and other factors and uncertainties disclosed from time-to-time in Constellation Brands’ filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 29, 2020, which could cause actual future performance to differ from current expectations.

ABOUT CONSTELLATION BRANDS
At Constellation Brands (NYSE: STZ and STZ.B), our mission is to build brands that people love because we believe sharing a toast, unwinding after a day, celebrating milestones, and helping people connect, are Worth Reaching For. It’s worth our dedication, hard work, and the bold calculated risks we take to deliver more for our consumers, trade partners, shareholders, and communities in which we live and work. It’s what has made us one of the fastest-growing large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Today, we are a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Every day, people reach for our high-end, iconic imported beer brands such as Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, and Pacifico, and our high-quality premium wine and spirits brands, including the Robert Mondavi Brand Family, Kim Crawford, Meiomi, The Prisoner Brand Family, SVEDKA Vodka, Casa Noble Tequila, and High West Whiskey.

But we won’t stop here. Our visionary leadership team and passionate employees from barrel room to boardroom are reaching for the next level, to explore the boundaries of the beverage alcohol industry and beyond. Join us in discovering what’s Worth Reaching For.

To learn more, follow us on Twitter @cbrands and visit www.cbrands.com.

MEDIA CONTACTS INVESTOR RELATIONS CONTACTS
Mike McGrew 773-251-4934 / michael.mcgrew@cbrands.com
Amy Martin 585-678-7141 / amy.martin@cbrands.com
Patty Yahn-Urlaub 585-678-7483 / patty.yahn-urlaub@cbrands.com
Marisa Pepelea 312-741-2316 / marisa.pepelea@cbrands.com

A downloadable PDF copy of this news release can be found here: http://ml.globenewswire.com/Resource/Download/4cb8e45d-3c2b-4c27-a2c1-7f3371b520f1