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SuperCom Wins New Contract Valued at up to $2.5 million in North California
Prnewswire· 2025-06-11 13:16
Core Insights - SuperCom's subsidiary, Leaders in Community Alternatives (LCA), has secured a contract in Northern California valued at up to $2.5 million over five years to provide reentry services for justice-involved individuals, expected to generate approximately $500,000 in annual recurring revenue [1][2][3] Group 1: Contract Details - The contract includes a three-year initial term with two optional one-year extensions, reinforcing LCA's established presence in the region [1][2] - LCA will offer community-based reentry programming, including case management, employment support, and behavioral health referrals, aimed at reducing recidivism and promoting community safety [3][4] Group 2: Company Reputation and Strategy - The contract win highlights SuperCom's reputation as a trusted provider of public safety solutions, particularly in California, and reflects the company's competitive advantage through customized offerings [4][5] - SuperCom has recently secured over 20 direct contracts and expanded into 10 new states, indicating a strong growth trajectory and long-term value potential in the public safety sector [5] Group 3: Company Background - SuperCom has been a global provider of secure solutions since 1988, focusing on e-Government, IoT, and Cybersecurity sectors, with a comprehensive suite of advanced safety and identification solutions [6] - LCA has over 33 years of experience in providing community-based services and electronic monitoring programs, utilizing evidence-based practices to address recidivism [7]
Visa, Street Soccer USA and Bank of America Join Forces to Expand Access to Soccer in Communities Across the United States
Prnewswire· 2025-06-10 22:00
SAN FRANCISCO, June 10, 2025 /PRNewswire/ -- At a ribbon-cutting event in San Francisco, Visa, Street Soccer USA (SSUSA) and Bank of America announced today an initiative to expand access to soccer across the United States. Harnessing the unifying power of soccer, the companies will provide open park space in six cities to bring people together, foster youth development, and strengthen community ties through sport and purpose-driven programming."This movement is about scale, sustainability, and impact," sai ...
Embecta (EMBC) FY Conference Transcript
2025-06-10 18:20
Summary of Embecta (EMBC) FY Conference Call - June 10, 2025 Company Overview - **Company**: Embecta (formerly part of Becton Dickinson's diabetes care business) - **Revenue**: Approximately $1.1 billion - **Product Categories**: - Pen needles - Conventional syringes - Safety products for injections - **Geographic Revenue Distribution**: - 50% from the US - ~30% from Europe, Middle East, and Africa - ~20% from Asia Pacific (including China) - ~5% from Latin America - **Business Model**: Focused on single-use disposable products for diabetes management, with a stable and recurring revenue base [4][5][6] Financial Performance and Projections - **Historical Performance**: - Revenue growth from 2022 to 2024 was around 1.3% CAGR, exceeding initial expectations of flat growth [11] - Adjusted EBITDA margins improved to 31.4%, surpassing the target of 30% despite facing inflationary pressures [13] - **Future Projections (2025-2028)**: - Expected constant currency revenue CAGR remains flattish, with a target of low single-digit growth [15] - Projected cumulative free cash flow of at least $600 million from 2026 to 2028, with plans to reduce debt by $450 million to $500 million during this period [15][49] - **Challenges**: - Decline in conventional syringe business in the US, projected to drop from $90 million in 2019 to around $35 million by 2025 [18] - Impact of pharmacy closures affecting inventory purchases and revenue [38] Growth Opportunities - **GLP-1 Market**: - Identified as the single biggest growth opportunity, with expectations for multi-dose pen injectors to replace single-use auto injectors [30][31] - Anticipated market opportunity of at least $100 million by 2033, with potential revenue contributions starting as early as 2026 [32][33] - **New Product Revenue Streams**: - Entering distribution agreements for products like blood glucose monitors and insulin pumps to diversify offerings [35] Operational Insights - **Manufacturing and Supply Chain**: - Transitioning to a new ERP system and establishing independent distribution networks post-spin from Becton Dickinson [8][9] - Current gross margins around 63%, with expectations for slight declines due to tariffs and increased R&D expenses [40][41] - **Debt Management**: - Current net leverage at 3.7 times, with a goal to reduce it to around 2 times by 2028 [48][49] Market Dynamics - **Geographic Growth**: - Emerging markets expected to grow at mid-single digits, while US business projected to see low single-digit declines [26][27] - **Impact of Formulary Changes**: - Generally viewed as beneficial if they make insulin more affordable for patients [25] Conclusion - **Investor Sentiment**: - Positive reception post-Analyst Day, with a focus on cautious and achievable financial projections [54][55] - **Future Outlook**: - The company aims to leverage its free cash flow capabilities to enhance its product portfolio and maintain stable growth despite market challenges [10][55]
Lake City Bank Welcomes Back Gregory C. Brown to Lead Newly Formed Commercial Elkhart Region
Globenewswire· 2025-06-10 13:30
Gregory C Brown Senior Vice President, Commercial Elkhart Regional Manager WARSAW, Ind., June 10, 2025 (GLOBE NEWSWIRE) -- Lake City Bank is pleased to welcome back Gregory C. Brown as Senior Vice President, Commercial Elkhart Regional Manager. Brown will lead the newly formed Commercial Elkhart Region, serving commercial clients in Elkhart and surrounding communities. The new region was strategically created to better serve the growing business community in Elkhart. “Since arriving in Elkhart in 1990, ...
Provident Bank Expands Newark Presence with New Branch, Reinforces Commitment to Local Community
Globenewswire· 2025-06-10 12:00
New location marks Provident's fourth branch in Newark and continued commitment to the city ISELIN, N.J., June 10, 2025 (GLOBE Ribbon Cutting Photo St. Johns Soup Kitchen Photo Greater Life Check Presentation Left to Right: Michael J. Silva, Councilman, East Ward, City of Newark; Jacqueline Quiles, Deputy Mayor, City of Newark; Jim Kirkos, President & CEO, Meadowlands Chamber of Commerce; Susan Scimone- Bellini, SVP, Regional Sales Manager, Provident Bank; Chris Martin, Executive Chairman, Provident Bank; I ...
Tonix Pharmaceuticals Announces Presentation at the 2025 BIO International Convention
Globenewswire· 2025-06-10 11:00
* Tonix's product development candidates are investigational new drugs or biologics; their efficacy and safety have not been established and have not been approved for any indication. Zembrace SymTouch and Tosymra are registered trademarks of Tonix Medicines. All other marks are property of their respective owners. This press release and further information about Tonix can be found at www.tonixpharma.com. CHATHAM, N.J., June 10, 2025 (GLOBE NEWSWIRE) -- Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) (To ...
Musk's Political Pivot Is A Textbook Dip-Buying Opportunity For Tesla
Seeking Alpha· 2025-06-06 14:37
Core Viewpoint - Tesla, Inc. shares experienced a significant decline of 14% following CEO Elon Musk's shift in political stance against U.S. President Donald J. Trump, marking a notable change from his previous support of the administration [1] Group 1 - Tesla's stock price fell sharply due to Musk's strong political accusations, indicating a potential impact on investor sentiment and market perception [1] - The sudden political pivot by Musk raises questions about the company's future relationship with the current administration and its implications for Tesla's business operations [1]
Hydro One and ACT Foundation celebrate more than 25,000 students trained in lifesaving skills
GlobeNewswire News Room· 2025-06-05 19:40
Core Points - The ACT Foundation, in partnership with Hydro One, has trained over 25,000 students in the Haliburton – Kawartha Lakes area through its High School CPR and AED Program, emphasizing the importance of equipping youth with emergency response skills [1][2][3] - Hydro One's support aims to extend the new Opioid Overdose Response Training to nearly 80% of high schools in Ontario by the end of 2025, enhancing the program's reach and impact [2][3] - The ACT Foundation has trained more than three million students across Ontario, highlighting the program's significant statewide influence [2][5] Company Overview - Hydro One Limited is Ontario's largest electricity transmission and distribution provider, serving 1.5 million customers with $36.7 billion in assets and annual revenues of $8.5 billion as of 2024 [6][7] - The company invested $3.1 billion in its transmission and distribution networks in 2024 and contributed $2.9 billion to the economy through local goods and services [7] - Hydro One's Community Investment program focuses on building safe communities, supporting initiatives like the ACT Foundation's training programs [4][6] Industry Impact - The ACT Foundation is dedicated to establishing CPR and AED training in Canadian high schools, with a community-based model that relies on partnerships for resources [3][10] - The addition of Opioid Overdose Response Training reflects a growing recognition of the need for comprehensive emergency response education in schools [3][10] - Local community leaders and health partners, including AstraZeneca Canada and Amgen Canada, play a crucial role in supporting the ACT Foundation's initiatives, emphasizing the collaborative effort in enhancing public health education [5][6][10]
M&T Bank Center: Naming Rights Secured for Mohawk Harbor Event Center
Prnewswire· 2025-06-05 18:37
Core Points - M&T Bank and Galesi Group have formed a partnership to enhance the revitalization of Schenectady's Mohawk Harbor, with M&T Bank securing exclusive naming rights to a new events venue [1][2][3] - The M&T Bank Center is expected to serve as a regional hub for live entertainment and community events, contributing to economic development and tourism in the Capital Region [2][3] - The venue will host Union College's Division 1 hockey programs and is set to open in Summer 2025, further solidifying Mohawk Harbor's status as an entertainment destination [3][4] Company and Industry Summary - M&T Bank's commitment to community growth is highlighted through this multi-year naming rights agreement, reinforcing its role in supporting local development initiatives [3] - The Mohawk Harbor development represents a $650 million investment, featuring luxury apartments, hotels, offices, retail spaces, and the Rivers Casino & Resort, enhancing the area's appeal [4] - The M&T Bank Center will be a significant addition to the mixed-use development, aimed at attracting residents and visitors alike, thereby boosting the local economy [4]
CaringBridge and DoorDash Partner for Two-Day Fundraising Match to Support Family Caregivers
Prnewswire· 2025-06-05 13:32
BLOOMINGTON, Minn. and SAN FRANCISCO, June 5, 2025 /PRNewswire/ -- CaringBridge, the nonprofit health communication platform, is partnering with DoorDash, the local commerce platform that connects people with their favorite businesses, to launch a special two-day fundraising match campaign on June 5th and 6th. During this time, DoorDash will match all donations made on www.caringbridge.org, up to $25,000. This campaign builds on DoorDash's ongoing support of CaringBridge and family caregivers. Through a par ...