Connect with us

News

Johns Manville Announces Plan to Build Polyiso Production Plant in Texas

gbafNews28

Johns Manville (JM), a global building and specialty products manufacturer and a Berkshire Hathaway Company, announced today plans to build a polyiso production plant in Hillsboro, Texas.

We take great pride in creating and delivering the best products for our customers, said Mary Rhinehart, President and CEO of Johns Manville. This expansion south of Dallas/Fort Worth, in an area where construction is surging, will increase availability of our premium products to customers throughout the region.

JM will begin construction on the new production facility later this year, pending various government approvals, and anticipates the completion in mid-2021. When complete, JM will employ more than 50 people at the new facility.

There are tremendous growth opportunities in the Southwest for polyiso products, said Joe Smith, President of JMs Roofing Systems business. Three of the 10 largest cities in the country are a short drive from Hillsboro, and some of our largest roofing contractors are located within the service area.

The Hillsboro plant will manufacture polyiso products including ENRGY 3 roof insulation, ProtectoR HD high density cover board, AP Foil Faced Foam sheathing and GoBoard tile backer. These polyiso products are preferred in the market due to their high R-value per inch and the lightweight strength and durability they offer for several building applications.

The Hillsboro facility will also include a JM roofing distribution center. The warehouse will stock many JM products, including TPO and TPO accessories, to help JM meet local demand.

We are excited to build in an area close to our customers and where we can hire good people into the JM family to help our customers be successful, said Matt Sayer, Polyiso and Boards Product Manager for JM. Johns Manville will be well-positioned with this expansion to increase product supply to meet the growing demand from our customers.

Local officials welcomed JMs decision to expand in Hillsboro.

Johns Manville is an important addition to the manufacturing and industrial base in Hillsboro, said Hillsboro City Manager Frank Johnson. Johns Manville has a long-term, stable national and international presence and is known to be a good corporate citizen. We are excited to have them become part of our community.

About Johns Manville

Johns Manville, a Berkshire Hathaway company (NYSE: BRK.A, BRK.B), is a leading manufacturer and marketer of premium-quality building and specialty products. In business since 1858, the Denver-based company has annual sales over $3 billion and holds leadership positions in all of the key markets that it serves. Johns Manville employs 8,000 people and operates 46 manufacturing facilities in North America, Europe and China. Additional information can be found at www.jm.com.

Eric Brown

1-303-809-2853

[email protected]

News

AirNet Announces Receipt of Deficiency Letter from Nasdaq

gbafNews28

BEIJING, Sept. 19, 2020 /PRNewswire/ — AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), an in-flight solution provider on connectivity, entertainment, and digital multimedia in China, today announced that it received a notification letter dated September 16, 2020 (the "Deficiency Letter") from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the "Nasdaq") notifying that the Company is no longer in compliance with the Nasdaq Listing Rule 5550(b)(1) for continued listing due to its failure to maintain a minimum of $2.5 million in stockholders’ equity. In the Company’s Form 20-F for the fiscal year ended December 31, 2019, the Company reported a negative stockholders’ equity of approximately $19 million. Nasdaq also determined that the Company does not meet the alternatives of market value of listed securities or net income from continuing operations for continued listing.

The Deficiency Letter does not result in the immediate delisting of the Company’s ordinary shares represented by American depositary shares on the Nasdaq Capital Market. The Company has 45 calendar days from the date of the Deficiency Letter, or until November 2, 2020, to submit a plan (the "Compliance Plan") to Nasdaq to regain compliance with the minimum stockholders’ equity standard. If the Compliance Plan is accepted by Nasdaq, the Company may be granted a compliance period of up to 180 calendar days from the date of the Deficiency Letter to evidence compliance. However, since Nasdaq previously notified the Company that its bid price compliance period expires on December 10, 2020, the Compliance Plan shall also set forth a plan to address the minimum bid price requirement by such date.

The Company’s management is looking into various options available to regain compliance and maintain its continued listing on the Nasdaq Capital Market. The Company intends to submit the Compliance Plan as soon as practicable.

This announcement is made in compliance with the Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a notification of deficiency.

About AirNet

Incorporated in 2007 and headquartered in Beijing, China, AirNet provides in-flight solutions to connectivity, entertainment and digital multimedia in China. Collaborating with its partners, AirNet empowers Chinese airlines with seamlessly immersive Internet connections through a network of satellites and land-based beacons, provides airline travelers with interactive entertainment and a coverage of breaking news, and furnishes corporate clients with advertisements tailored to the perceptions of the travelers. For more information, please visit http://ir.ihangmei.com.  

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "is expected to," "anticipates," "aim," "future," "intends," "plans," "believes," "are likely to," "estimates," "may," "should" and similar expressions, and include, without limitation, statements regarding the development of the COVID-19 pandemic and its impact on the Company’s business operations. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements are based upon management’s current expectations and current market and operating conditions, and involve inherent risks and uncertainties, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause its actual results, performance or achievements to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but not limited to the following: its ability to achieve and maintain profitability; its ability to continuously improve its solutions and services enabling inflight connectivity; its ability to compete effectively against its competitors; the expected growth in consumer spending, average income levels and advertising spending levels; the growth of the inflight connectivity industry in China; and government policies affecting the inflight connectivity industry in China. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

 

Related Links :

http://ir.ihangmei.com/

Continue Reading

News

LAIX Inc. Announces Changes in Board and Committee Composition

gbafNews28

SHANGHAI, Sept. 19, 2020 /PRNewswire/ — LAIX Inc. ("LAIX" or the "Company") (NYSE: LAIX), an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning, today announced that Mr. Christopher Ludwig Eisgruber, one of the Company’s independent directors, will cease to serve on the Company’s board of directors and its committees upon the expiration of his current term ending on September 30, 2020. Upon the effectiveness of Mr. Eisgruber’s departure, Ms. Min (Jenny) Zhang will be appointed as a member of the compensation committee and the chairperson of the nominating and corporate governance committee of the board of directors of the Company, replacing Mr. Christopher Ludwig Eisgruber. In addition, Dr. Li-Lan Cheng was re-elected to serve another two-year term as an independent director of the Company, effective September 30, 2020.

About LAIX Inc.

LAIX Inc. ("LAIX" or the "Company") is an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning. Its proprietary AI teacher utilizes cutting-edge deep learning and adaptive learning technologies, big data, well-established education pedagogies and the mobile internet. LAIX believes its innovative approach fundamentally transforms learning. LAIX provides its products and services on demand via its mobile apps, primarily its flagship "English Liulishuo" mobile app launched in 2013. On the Company’s platform, AI technologies are seamlessly integrated with diverse learning content incorporating well-established language learning pedagogies, gamified features and strong social elements to deliver an engaging, adaptive learning experience. LAIX provides a variety of courses inspired by a broad range of topics and culture themes to make English learning more interesting and is committed to offering a fun, interactive learning environment to motivate and engage its users.

For investor and media inquiries, please contact:

LAIX Inc.
Harry He
Investor Relations
Email: [email protected]

The Piacente Group Investor Relations
Brandi Piacente
Tel: +1-212-481-2050
Email: [email protected]

Emilie Wu
Tel: +86-21-6039-8363
Email: [email protected]

Related Links :

http://www.liulishuo.com

Continue Reading

News

Spectrio Named to Inc. Magazine’s 2020 List of America’s Fastest-Growing Private Companies

gbafNews28

Spectrio, one of the nations leading providers of customer engagement technology, announced that it is on Inc. Magazines annual Inc. 5000 list, the most prestigious ranking of the nations fastest-growing private companies.

The ninth time in 13 years its earned the prestigious honor, Spectrio previously ranked on the Inc. 5000 list in 2019, 2014, 2013, 2012, 2010, 2009, 2008, and 2007. Spectrio was listed at no. 3050 on the Inc. 5000 list, up 756 from the previous year.

In early 2020, Spectrio was also named to Inc. Magazines inaugural 2020 Inc. 5000 Series: Florida, ranking at No. 180 of the fastest-growing Florida-based private companies.

Were honored to receive the Inc. 5000 award for the ninth time, as well as being named as one of Floridas fastest-growing companies in 2020, said Brian Harris, vice president of marketing at Spectrio. I am proud of how our team continues to serve our clients at a time when they need us most, while we also set new records for growth.

Spectrios growth has included the expansion of its engineering and product teams, allowing the Company to launch new solutions and complete integrations with major brands including Shutterstock and Amazon Alexa. Spectrio also released its new SHARE mobile application as well as SpectrioCloud, its online account and content management portal.

About Spectrio

Spectrio is one of the nations leading customer engagement technology providers. Known for cultivating unique brand experiences powered by professionally-produced content and marketing technology, Spectrios solutions create a holistic customer journey with Digital Signage, Interactive Kiosks, On-Hold Marketing, On-Premise Messaging and Music, Wi-Fi Marketing, and Scent Marketing. Spectrio serves more than 100,000 client locations, ranging from local businesses to global brands. For more information, visit www.Spectrio.com.

Megan Colby

Communications Director

[email protected]

800-584-4653 x6313

Continue Reading
gbafNews28 gbafNews28
News2 hours ago

LAIX Inc. Announces Changes in Board and Committee Composition

SHANGHAI, Sept. 19, 2020 /PRNewswire/ — LAIX Inc. ("LAIX" or the "Company") (NYSE: LAIX), an artificial intelligence (AI) company in...

gbafNews28 gbafNews28
News2 hours ago

AirNet Announces Receipt of Deficiency Letter from Nasdaq

BEIJING, Sept. 19, 2020 /PRNewswire/ — AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE),...

gbafNews28 gbafNews28
News2 hours ago

Spectrio Named to Inc. Magazine’s 2020 List of America’s Fastest-Growing Private Companies

Spectrio, one of the nations leading providers of customer engagement technology, announced that it is on Inc. Magazines annual Inc....

gbafNews28 gbafNews28
News2 hours ago

Condor Hospitality Announces Termination of Merger Agreement With NHT Operating Partnership

Condor Hospitality Trust, Inc. (NYSE American: CDOR) (the “Company”) today announced that it has terminated its merger agreement with NHT...

gbafNews28 gbafNews28
News2 hours ago

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against NanoViricides, Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors...

gbafNews28 gbafNews28
News2 hours ago

Biotechnology Reagents Market – Roadmap for Recovery from COVID-19 | Presence of High-throughput to Boost the Market Growth | Technavio

Technavio has been monitoring the biotechnology reagents market and it is poised to grow by USD 37.87 billion during 2020-2024,...

gbafNews28 gbafNews28
News3 hours ago

INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Nikola Corporation

The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District...

gbafNews28 gbafNews28
News3 hours ago

BlackRock Announces Product Updates to Seven iShares ETFs

BlackRock, Inc. (NYSE: BLK) today announced plans to make product updates to a total of seven iShares ETFs, including stock...

gbafNews28 gbafNews28
News3 hours ago

AM Best Affirms Credit Ratings of Essent Group Ltd.’s Operating Subsidiaries

AM Best has affirmed the Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of a of...

gbafNews28 gbafNews28
News3 hours ago

COVID-19 Recovery Analysis: UV Lamp Market | The Declining Manufacturing Costs to Boost the Market Growth | Technavio

Technavio has been monitoring the UV lamp market and it is poised to grow by $ 820.63 mn during 2020-2024,...