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Sumo Logic Announces Date of Fourth Quarter and Full Year Fiscal 2021 Earnings Conference Call

REDWOOD CITY, Calif., Feb. 12, 2021 (GLOBE NEWSWIRE) — Sumo Logic, (Nasdaq: SUMO) the pioneer in continuous intelligence, today announced that it will report financial results for the fourth quarter and full year ended January 31, 2021 after market close on Wednesday, March 10th, 2021. The company will host a conference call on the same day beginning at 1:30 PM Pacific Time (4:30PM Eastern Time) to discuss financial results and business highlights.

To access the conference call, dial (877) 407-0784 from the United States or (201) 689-8560 internationally and reference the company name and conference title. Following the completion of the call, a replay will be available for approximately two weeks. The replay can be accessed by dialing (844) 512-2921 from the United States or (412) 317-6671 internationally and using the recording passcode 13716535. A live webcast and replay of the conference call can also be accessed from the Sumo Logic Investor Relations website at http://investor.sumologic.com.

About Sumo Logic
Sumo Logic Inc., (Nasdaq: SUMO), is the pioneer in continuous intelligence, a new category of software, which enables organizations of all sizes to address the data challenges and opportunities presented by digital transformation, modern applications, and cloud computing. The Sumo Logic Continuous Intelligence Platform™ automates the collection, ingestion, and analysis of application, infrastructure, security, and IoT data to derive actionable insights within seconds. More than 2,100 customers around the world rely on Sumo Logic to build, run, and secure their modern applications and cloud infrastructures. Only Sumo Logic delivers its platform as a true, multi-tenant SaaS architecture, across multiple use-cases, enabling businesses to thrive in the Intelligence Economy. For more information, visit www.sumologic.com.

Sumo Logic is a trademark or registered trademark of Sumo Logic in the United States and in foreign countries. All other company and product names may be trademarks or registered trademarks of their respective owners.

Any information regarding offerings, updates, functionality, or other modifications, including release dates, is subject to change without notice. The development, release, and timing of any offering, update, functionality, or modification described herein remains at the sole discretion of Sumo Logic, and should not be relied upon in making a purchase decision, nor as a representation, warranty, or commitment to deliver specific offerings, updates, functionalities, or modifications in the future.

Investor Relations Contact:
Paul Thomas
Sumo Logic
pthomas@sumologic.com
(650) 214-3847

Media Contact
Melissa Liton
Sumo Logic
mliton@sumologic.com
(650) 814-3882

AKWEL: 2020 TURNOVER REACHES €937.2 MILLION

Thursday 11 February 2021

2020 TURNOVER REACHES €937.2 MILLION

AKWEL (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, posted consolidated turnover of €937.2m in 2020, limiting the year-on-year drop to -14.9%, or -10.9% comparing like-for-like figures.

Yearly consolidated turnover

In € millions – unaudited 2020 2019 Variation Like-for-like variation(1)
1st half-year 387.1                                                                        566.5 -31.7% -31.0%
3rd quarter 262.0                                                                        259.8 +0.9% +6.7%
4th quarter 288.1                                                                        274.9 +4.8% +13.6%
Total for 12 months 937.2                                                                        1,101.2 -14.9% -10.9%

      (1)   Comparing like-for-like figures.

After a first half-year highly impacted by the global public health crisis, the recovery that began in September was confirmed in the 4th quarter. Comparing like-for-like figures, revenues for the quarter were up +13.6%. AKWEL is still outperforming the global automotive market as a whole, which contracted by -0.7% last quarter.

This performance can be explained by market share gains among the Group’s strategic customers and by buoyant Aftermarket activity.

The Group’s financial situation continued to benefit from the rigorous management and investment control policy adopted before the crisis. AKWEL forecasts free cash flow in excess of €100m in 2020 and, at the end of December 2020, had net cash flow of nearly €70m, excluding lease debts.

Thanks to the commitment of our teams, continued management efforts and sustained activity in the second half-year, the Group’s annual results have improved faster than expected, with a forecast current operating income of more than €100m.

AKWEL finished 2020 with a solid financial situation and bolstered market share. However, the Group remains cautious about its outlook for 2021, in a market that remains low-profile, and is determined to maintain the flexibility and efficiency of its production facilities while investing in order to move with market trends, particularly in clean vehicles.

An independent, family-owned group listed on the Euronext Paris Stock Exchange, AKWEL is an automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, offering first-rate industrial and technological expertise in applying and processing materials (plastics, rubber, metal) and mechatronic integration.

Operating in 20 countries across every continent, AKWEL employs almost 11,200 people worldwide.

 

Euronext Paris – Compartment B – ISIN: FR0000053027 – Reuters: AKW.PA – Bloomberg: AKW:FP

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Oil-Dri Announces Patent in Korea for Novel Mineral-Based Feed Additive Formulation for Modern Animal Protein Production

Patent protection issued

Patents for Amlan’s unique mineral-based feed additive formulation have been issued in Korea, China, European Union and the United States.

CHICAGO, Feb. 11, 2021 (GLOBE NEWSWIRE) — Oil-Dri Corporation of America (NYSE: ODC), a leading manufacturer of sorbent minerals, doing business as Amlan International, today announced that the Korean Intellectual Property Office has issued Patent 28958.07.0042 entitled “Clay Product and Uses Thereof.” The patent protects the unique and proprietary mineral-based technology of two of Amlan’s natural feed additives, Varium® for poultry and NeoPrime® for swine, which help global producers meet consumer demands for high-quality antibiotic-free animal protein.

The patent provides a methodology for using a natural, mineral-based formulation to mitigate the effects of exposure to pathogenic bacteria and the disease-causing toxins they produce, which damage gut health and function. Amlan’s mineral is specifically selected for its chemical composition to allow for optimal thermal activation, a proprietary process that is tailored to optimize the binding capacity of each product. Varium and NeoPrime are performance feed additives that promote intestinal health and function and can replace the need for in-feed antibiotic growth promoters.

Advancements in feed additive research and formulation are helping to transform animal protein production by providing proven and reliable alternatives to in-feed antibiotics used to promote growth and productivity. Last year, the United States and the EU issued similar patents for the formulation featured in Varium and NeoPrime. China issued a similar patent in 2018.

“Feedback on Varium from poultry integrators has been incredibly positive and recognized by many, including Fox Business Network’s INNOVATION NATION series. Reports show poultry producers who incorporate Varium into their poultry production are able to improve the feed conversion rates and grow healthier birds that are less stressed and have increased the marketability of their products through improved skin, liver and feet quality,” says Dan Jaffee, President and CEO, Oil-Dri Corporation of America. Jaffee now also serves as President and General Manager of Amlan. “The Korean patent is yet another example of Amlan’s commitment to provide the global market with reliable mineral-based feed additives that can be a value-add to antibiotic-free production.”

Mineral-Based Technology
Unlike antibiotics, which are designed to kill bacteria, the patented technology includes a synergistic formula of three ingredients with distinct modes of action: (1) a surface-activated mineral that facilitates chemical binding of pathogenic intestinal bacteria and the disease-causing toxins they produce, (2) an immunomodulator that stimulates an animal’s innate immune system to naturally defend against disease and (3) an energy source for the replenishment of intestinal epithelial cells that is essential for healthy gut function. Upon inclusion of this patented technology in animal feed, current producers have effectively eliminated the use of antibiotics to promote growth and have experienced equivalent or better outcomes.

Company Information

Amlan International offers mineral-based feed additives to poultry and livestock producers. Amlan is the animal health business of Oil-Dri Corporation of America, leading global manufacturer and marketer of sorbent minerals. Oil-Dri leverages over 80 years of expertise in mineral science to selectively mine and process their unique mineral to remove impurities from fluids, including the processing of edible oils and purification of jet fuel. Oil-Dri Corporation of America doing business as “Amlan International” is a publicly traded on the New York Stock Exchange (NYSE: ODC). Amlan International sells feed additives across the world. Product availability may vary by country, associated claims do not constitute medical claims and may differ based on government requirements.

Category: Company News

Reagan Culbertson
Media Contact
press@amlan.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/efb9d85f-95c2-446e-a151-498ee10f5785

Constellation Brands Recommends Shareholders Reject TRC Capital’s “Mini-Tender Offer”

VICTOR, N.Y., Feb. 11, 2021 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ) (“Constellation”) has been notified of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation (“TRC”) to purchase up to 500,000 shares, or approximately 0.29 percent, of Constellation’s outstanding Class A common stock at a price of $210.00 per share in cash. TRC’s unsolicited offer price is approximately 5 percent less than the $219.99 closing price of Constellation’s Class A common stock on January 15, 2021, the last trading day prior to the commencement of the mini-tender offer. Furthermore, TRC’s unsolicited offer price is approximately 13 percent less than the $240.34 closing price of Constellation’s Class A common stock on February 10, 2021.

Constellation is not associated in any way with TRC, TRC’s mini-tender offer or TRC’s mini-tender offer documents. Constellation does not endorse TRC’s mini-tender offer and recommends that Constellation stockholders do not tender their shares in response to the offer. Constellation cautions stockholders that the mini-tender offer has been made at a price below the market price.

According to TRC’s offer documents, Constellation stockholders who have already tendered their shares may withdraw their shares at any time prior to 12:01 a.m. New York City time, on Thursday, February 18, 2021, the expiration date set forth in the offer documents (unless extended or earlier terminated), by following the procedures described in the offer documents. Constellation urges stockholders to obtain current market quotes for their shares, to review the conditions to TRC’s mini-tender offer, to consult with their brokers or financial advisors and to exercise caution with respect to this mini-tender offer.

TRC has made similar unsolicited mini-tender offers for shares of other publicly traded companies. Mini-tender offers like this are often designed to seek to acquire less than 5 percent of a company’s outstanding shares, thereby avoiding many filing, disclosure and procedural requirements of the federal securities laws and rules and regulations of the Securities and Exchange Commission (the “SEC”) that apply to tender offers for more than 5 percent of a company’s outstanding shares. As a result, mini-tender offers do not provide investors with the same level of protections as provided by larger tender offers under United States federal securities laws. Bidders in mini-tender offers often take advantage of these differences.

The SEC has cautioned investors about these offers, noting that “some bidders make mini-tender offers at below-market prices, hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price.” This and many other tips for investors are provided in the SEC’s Investor Tips regarding mini-tender offers, which may be found on the SEC’s website at www.sec.gov/investor/pubs/minitend.htm.

Constellation encourages brokers and dealers, as well as other market participants, to review the SEC’s letter regarding broker-dealer mini-tender offer dissemination and disclosures at www.sec.gov/divisions/marketreg/minitenders/sia072401.htm. Constellation requests that a copy of this press release be included with all distributions of materials relating to TRC’s mini-tender offer.

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/45bb7f4a-9b57-4364-94a8-df47a66ec608

Civil Society Voices Key to Yemenis’ Push for Peace, Open Society Report Shows

New York, Feb. 11, 2021 (GLOBE NEWSWIRE) — Yemeni civil society organizations believe justice and accountability can play a decisive role in establishing a lasting peace in Yemen, according to a new Open Society Foundations report.

A Passage to Justice: Selected Yemeni Civil Society Views of Transitional Justice and Long-Term Accountability in Yemen highlights the leading role of Yemeni civil society in articulating the interplay between peace and justice, as well as the role that justice matters play in the peace process. It focuses on Yemenis’ views about accountability for violations committed in the war-torn country since conflict broke out there in 2014.

“Transitional justice is a transit from something to something. I believe transitional justice can help with transiting from wartime to peacetime, from destruction to construction,” the report quotes one civil society advocate from Mareb as saying. (Individuals quoted in the report are not identified by name to protect their safety.)

The Biden administration announced last week that it would end support to the Saudi-led war in Yemen. The announcement comes on the heels of other administration action aimed at bringing peace to Yemen, including an announcement to stop sales of precision-guided bombs to the Saudis, and U.S. designation of a special envoy to help negotiate a peace settlement in the war-torn country. But while these measures are welcome, the United States and the international community must also help ensure accountability and back Yemeni civil society’s efforts to disrupt the cycle of impunity that threatens to undercut any peace agreement.

“As part of its new push to the end the war, the U.S. must also back Yemeni civil society’s efforts to ensure real accountability for the crimes committed, and for the lives destroyed,” said Chris Rogers, a senior program officer at the Open Society Human Rights Initiative and an editor of the report. “Because for many Yemenis, it is not U.S. bombs that are the real enemy to lasting peace—it’s impunity.”

Many civil society leaders interviewed for the report noted that the peace process must be attuned to the concerns and needs of victims of the conflict, now entering its seventh year. “Listening to victims makes us think about peace,” one civil society leader from Aden told the report writers.

A peace plan that is sensitive to addressing the needs of victims and their families must consider the social and economic costs of the conflict, in addition to gross human rights abuses and violations. Victims’ organizations, family associations, and other civil society organizations must have a way to have their voices included in peace negotiations.

The report also shows that language on accountability and on transitional justice has progressively been de-emphasized in Security Council resolutions and other key instruments since the conflict started in 2014. The report argues for a return of stronger language to Council resolutions. It highlights the important role such language can play in building political support and, at a later stage, the endorsement of an accountability and transitional justice agenda for Yemen.

A Passage to Justice is available for download in English and in Arabic.

The Open Society Foundations, founded by George Soros, are the world’s largest private funder of independent groups working for justice, democratic governance, and human rights. We provide thousands of grants every year through a network of national and regional foundations and offices, funding a vast array of projects—many of them now shaped by the challenges of the COVID-19 pandemic.

Office of Communications
Open Society Foundations 
(212) 548-0378
media@opensocietyfoundations.org

Madison Realty Capital Completes More Than $1.5 Billion in Transactions in 2020

New York, Feb. 11, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a fully integrated real estate private equity firm focused on debt and equity investment strategies, today announced it originated more than $1.5 billion in financing, originations and performing and non-performing note purchases in 2020, ranging from $4.9 million to $173 million. The firm closed a total of 23 transactions in major U.S. metropolitan and suburban markets across a variety of real estate asset classes including, multifamily, mixed-use, medical office, office, industrial, condo, hotel, and retail.  More than 70% of the total dollar volume was executed with repeat borrowers, reflecting the firm’s strong relationships and flexible, customer-centric investment approach. With $5.6 billion of gross assets under management, Madison Realty Capital also continued to expand its platform by launching a new income-oriented $1 billion debt investment vehicle, targeting lighter value-add and core-plus real estate transactions with rates of 4% to 7%.

“Madison Realty Capital delivered a very active 2020, executing over $1.5 billion worth of transactions for our institutional clientele, maintaining low levels of leverage, and expanding our world-class lending platform amid a highly challenging operating environment due to COVID-19,” said Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital. “For more than 16 years, Madison Realty Capital has distinguished itself by providing certainty of execution, strong underwriting capabilities, as well as flexible, efficient and creative financing solutions across market cycles. In 2020, we continued to advance our position as the partner of choice for leading institutional sponsors and top-tier independent developers and I am excited to build on our strong momentum in 2021.”

The firm pursues debt investments by originating senior secured loans and mezzanine loans ranging from $5-$500 million and preferred equity investments for the construction, acquisition and refinancing of commercial real estate.

Madison Realty Capital remained an active lender throughout 2020, amidst the COVID-19 pandemic. Notable transactions for the firm include: a $173 million construction loan to MAG Partners for a 479-unit residential rental building in the Chelsea neighborhood of Manhattan, a $170 million acquisition of a portfolio of performing and non-performing loans backed by multifamily properties in New York, New Jersey, and Los Angeles, a $165 million loan to Scape North America for the development of a 451-unit multifamily project in Boston’s Fenway neighborhood, a $150 million renovation loan to WS Communities for six multifamily redevelopments and a bridge loan for a mixed-use development site in Santa Monica and San Fernando Valley, a $102 million construction loan to Invesca Development Group to finish a 98% complete multifamily project in Pompano Beach, Florida and begin construction for a mixed-use property in Plantation, Florida, a $50 million bridge loan to refinance the Pompano Beach 214-unit luxury rental apartment, retiring its initial construction loan in November, and an $18 million loan to Houston-based medical office development firms for a six-story Class A medical office building located in The Heights neighborhood of Houston, Texas.

Madison Realty Capital brings its comprehensive experience as an owner and developer to its lending business and uses its expertise as a lender to enhance its ownership and development strategies, creating a symbiotic relationship across the business. The firm is a valued partner to both institutional sponsors and leading independent developers, known for speed, flexibility, and certainty of execution in complex situations.

About Madison Realty Capital

Madison Realty Capital is a New York City based real estate private equity firm focused on debt and equity investment strategies with regional offices in key markets including Los Angeles and Dallas. Founded in 2004, MRC has closed on approximately $13 billion of transactions in the multifamily, retail, office, industrial and hotel sectors nationwide. The firm manages investments in the United States on behalf of a global investor base. MRC is a fully integrated firm with over 60 employees across all real estate investment, development, and property management disciplines. Among other industry recognitions, MRC has been named to the Commercial Observer’s prestigious “Power 100” list of New York City real estate players and is consistently cited as one of the industry’s top construction lenders. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

Nathaniel Garnick/Grace Cartwright
Madison Realty Capital
(212) 257-4170
madisonrealty@gasthalter.com

Zimbabwe’s Alleged Use of COVID as Excuse to Stifle Dissent Draws UN Concern

HARARE, ZIMABABWE – The United Nations Human Rights Office says it is “concerned” by a new Human Rights Watch report that says Zimbabwe’s government is using the COVID-19 pandemic as a pretext to clamp down on freedom of expression and freedom of peaceful assembly and association.

Marta Hurtado, spokeswoman of the U.N. Human Rights Office, said the agency is encouraging President Emmerson Mnangagwa’s government to engage with civil society and other stakeholders to find sustainable solutions to grievances, while ensuring that people’s rights and freedoms are protected in accordance with Zimbabwe’s human rights obligations.

“We are indeed concerned at allegations that suggest that the Zimbabwean authorities may be using the COVID-19 pandemic as a pretext to clamp down on freedom of expression and freedom of peaceful assembly and association,” Hurtado said. “Merely calling for a peaceful protest or participating in a peaceful protest are an exercise of recognized human rights. An example of intimidation is the repeated arbitrary arrest and detention of three members of the main opposition party for taking part in a protest.”

That is an apparent reference to three female opposition activists who were arrested in May for protesting the Zimbabwe government’s failure to provide payouts during a lockdown to contain the coronavirus. They now face two more charges – all related to breaking lockdown regulations.

On Thursday, HRW released a report chronicling how 23 African governments are using the COVID-19 pandemic to clamp down on freedom of the media and of assembly.

On Friday, Cecillia Chimbiri – one of the three female opposition activists mentioned in the HRW report – welcomed the U.N. Human Rights Office’s statement on Zimbabwe. She maintains the trio’s innocence and wants Zimbabwe government look after its citizens during lockdowns.

“The demo was simply to say: people are hungry, what are you doing as the government of Zimbabwe, people are unemployed, Zimbabweans live hand to mouth? We are law-abiding citizens,” she told VOA. ” Speaking against the government doesn’t make us unpatriotic. We love our country that’s why we are speaking against any injustices and any inequalities that are existing. We did not commit any crime. We are not criminals. They are trying to tarnish our images, this is what this government is doing, to clampdown voices, to make sure they continue doing that (abuses).”

On Wednesday, Elasto Mugwadi, the head of the government-affiliated Zimbabwe Human Rights Commission, confirmed to VOA that his organization had received complaints of abuses raised in the HRW report. He said the complaints included “robust approach in enforcement by the police” and “generally excessive enforcement.”

Mugwadi said the commission was investigating the complaints of abuses during the lockdown by the Zimbabwe government to contain coronavirus.

“While recognizing the government’s efforts to contain the pandemic, it is important to remind the authorities that any restrictions should be necessary, proportionate and time-limited, and enforced humanely without resorting to unnecessary or excessive force,” Hurtado said.

The HRW report, Covid-19 Triggers Wave of Free Speech Abuse, said the rights group was concerned about introduction of Zimbabwe’s Public Health Order Act in March, which threatened up to 20 years in prison for fake news on public health matters.

Source: Voice of America