Daily Archives: May 2, 2019

Constellation Brands Increases Investment in Tennessee Whiskey Maker Nelson’s Green Brier™ Distillery

First venture capital investment to be fully integrated into Constellation’s wine and spirits portfolio

VICTOR, N.Y., May 02, 2019 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today it acquired a majority stake in Nelson’s Green Brier™ Distillery, marking Constellation’s first ventures investment to be fully integrated into the business. Nelson’s Green Brier is a craft Tennessee whiskey distillery, co-founded by brothers Andy and Charlie Nelson, that produces a variety of award-winning offerings under the Belle Meade™ Bourbon brand and is set to release a Tennessee Whiskey later this year. The majority stake by Constellation allows for Nelson’s Green Brier to continue to operate with its existing management team led by Andy and Charlie Nelson, and its employees running the day-to-day operations.

Through Constellation’s venture capital group, an initial minority investment was made in Nelson’s Green Brier in 2016. After more than three years of collaborating, sharing consumer insights, and gaining deeper knowledge of two of the top trends in the spirits category – craft and whiskey – Constellation further solidified its goal of broadening its higher-end spirits portfolio by increasing its interest in the Nashville, Tenn. based distillery.

“Our ventures group was created to identify up-and-coming brands, and we’re excited about one of our first ventures investments being folded into our portfolio,” said Constellation’s President and Chief Executive Officer Bill Newlands. “Whiskey is a red-hot category, and Tennessee whiskey fills a white space for us. Once integrated into our wine and spirits division and benefitting from our market reach, distributor partnerships and consumer insights, we see Nelson’s Green Brier scaling even further in the next few years.”

Originally established by Charles Nelson in 1860, Nelson’s Green Brier became one of the most successful distilleries in the U.S. until 1909, when Prohibition became law in Tennessee and the distillery was forced to close. Nearly 100 years later, Charles’s great-great-great grandsons, Andy and Charlie Nelson, rebuilt the distillery and began producing the soon-to-be released Tennessee Whiskey using the original recipe Charles Nelson used prior to Prohibition.

“Our family distillery was one of the largest producers of whiskey and spirits in the country prior to Prohibition,” said Charlie Nelson. “Ever since we revived the company, our dream has been to return the Nelson’s Green Brier profile to the national, and even international, marketplace. The relationship we’ve enjoyed over the past several years with Constellation has made it clear they’re the ideal partners to help us achieve the kind of growth we’ve been moving toward all along, while honoring the principles our customers have come to appreciate.”

“We are so thankful for the community of supporters and fans who have been with us since the beginning,” said Andy Nelson. “One of the things that’s really attractive about Constellation is that they understand the value we, as family members and founders, have. Working together, we are committed to taking Nelson’s Green Brier beyond our region.”

Terms of the transaction were not disclosed.

About Constellation Brands
Constellation Brands (NYSE: STZ and STZ.B), a Fortune 500® company, is a leading international producer and marketer of beer, wine and spirits with operations in the U.S., Mexico, New Zealand, Italy and Canada. Constellation is the No. 3 beer company in the U.S. with high-end, iconic imported beer brands such as the Corona and Modelo brand families and Pacifico. Its high-quality wine and spirits brands include the Robert Mondavi and The Prisoner Wine Company brand families, Kim Crawford, Ruffino, Meiomi and SVEDKA Vodka. The company’s portfolio also includes a collection of highly-rated wine brands such as SIMI and Mount Veeder Winery wine brands, High West Whiskey and Casa Noble Tequila, as well as new wine innovations such as Cooper & Thief and Spoken Barrel.

Based in Victor, N.Y., the company believes that industry leadership involves a commitment to brand building, our trade partners, the environment, our investors and to consumers around the world who choose our products when celebrating big moments or enjoying quiet ones. Since its founding in 1945, Constellation’s ability to see, meet and stay ahead of shifting consumer preferences and trends across total beverage alcohol has fueled our success and made us the No. 1 growth contributor in beverage alcohol in the U.S.

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

About Nelson’s Green Brier Distillery
With a proud history reaching back well over a century, Nelson’s Green Brier Distillery was revived in 2014 by brothers Andy and Charlie Nelson, whose great-great-great-grandfather’s company was one of the largest producers of Tennessee whiskey in the United States in the pre-prohibition era. Now anchoring Nashville, Tennessee’s colorful Marathon Village, the distillery offers a portfolio of award winning small-batch Belle Meade

Bourbons, both in classic labels as well as innovative varieties within the Special Cask Finish line of Cognac, Sherry, and Madeira finishes, and the limited release Craftsman Cask Collection. Their Tennessee Whiskey, developed from the original family recipe, can be enjoyed in various age varieties through the White Whiskey and First 108 labels. The highly anticipated reincarnation of the family’s flagship spirit, the four-year aged Nelson’s Green Brier Tennessee Whiskey will be launched in 2019. Louisa’s Liqueur honors the Nelson’s great-great-great grandmother, and is the first offering of their line of liqueurs. The Nelson’s hand-crafted products have received praise from dozens of media outlets, and multiple Double Gold medal accolades from the San Francisco World Spirits Competition.

To learn more, please visit www.greenbrierdistillery.com, or Instagram at @NGBDistillery. For specific questions on Nelson’s Green Brier Distillery please contact Publicist Simone Rathle at simone@simoneink.com or 703-534-8100.

Mike McGrew773-251-4934michael.mcgrew@cbrands.comPatty Yahn-Urlaub585-678-7483patty.yahn-urlaub@cbrands.com
Amy Martin585-678-7141amy.martin@cbrands.comBob Czudak585-678-7170bob.czudak@cbrands.com
Tom Conaway585-678-7503thomas.conaway@cbrands.com

A downloadable PDF copy of this news release enhanced with multimedia links can be found here: http://ml.globenewswire.com/Resource/Download/60bd449e-c3b6-4154-aa62-727c523aa9fa

Føroya Tele Awards Sinch Order for Charging & Policy Control


Stockholm, Sweden. 2nd May 2019.

Føroya Tele (Faroese Telecom), the incumbent operator in the Faroe Islands has chosen the Sinch (XSTO:SINCH) Policy & Charging Solution to replace their legacy charging infrastructure. The move builds on the partnership between Sinch and Føroya Tele that started in 2011 and that will now see Sinch modernize Føroya Tele’s infrastructure by enabling advanced charging and policy capabilities and improve user experience for subscribers.

Combining Sinch’s Online Charging System (OCS) and PCRF in a consolidated Policy and Charging solution will extend Føroya Tele a powerful toolbox to meet the changing demands of mobile subscribers who expect greater control, personalization and flexibility. With the advanced capabilities of the new solution, subscribers will have real-time access to account balances and consumption while the operator will have a real-time insight into subscriber behavior to create innovative and relevant offerings. The Policy & Charging Solution is also built ready for 5G use cases giving Føroya Tele an optimum foundation on which to build the future.

The new infrastructure will be deployed in VMware’s virtualized environment and is an important step in the digital transformation of Føroya Tele as an operator. The new system is expected to reduce network complexity as well as operational costs while the flexible configuration framework will let Føroya Tele establish a competitive edge.

Jóna Olsen, Chief Technical Officer at Føroya Tele says “Today’s customers expect to receive services in a digital environment where they are in control and they expect it in real time. The Sinch Online Policy & Charging Solution will give us the flexibility that we need to quickly and cost-effectively meet the demands of our subscribers and improve our time to market for new offerings as well as the overall customer experience.”

Petter Näslund, VP Product Management Operator Division at Sinch comments; “Sinch has a proven ability to cultivate operator relationships into strategic partnerships in order to help operators embrace opportunities in changing market conditions. Our relationship with Føroya Tele dates back to 2011 and we are now taking the next step by modernizing their Policy & Charging capabilities as part of their Digital Transformation.”

“Sinch’s combination of real-time policy and charging control in a single solution is optimal for operators looking for an integrated solution to differentiate their product offerings. A consolidated policy and charging solution has many operational benefits but one of the most important advantages for Føroya Tele will be an improved ability to quickly adapt and meet the subscribers’ needs”, Näslund concludes.

The Sinch Consolidated Policy & Charging solution is a highly scalable system with an extended feature set used by challenger operators around the world. Føroya Tele expects to put the Sinch solution in service during the second quarter of 2019.

About Sinch – www.sinch.com

Sinch brings businesses and people closer with tools enabling personal engagement. The company offers a leading cloud communications platform for mobile messaging, voice and video, and is a trusted software provider to mobile operators around the world. Sinch solutions for messaging, charging & policy control, revenue assurance and fraud prevention let mobile operators differentiate their offer, safeguard their networks, and grow their business. Sinch is headquartered in Stockholm, Sweden, and has a local presence in more than 30 countries. Shares are traded at NASDAQ Stockholm: XSTO: SINCH.

Chipmunk Health chooses Philips HealthSuite digital platform to roll out and scale up its telehealth services

May 1, 2019

Powered by Philips’ HealthSuite digital platform, new General Practitioner telehealth service from Chipmunk Health aims to forge a closer and more effective relationship between patients and their doctors while improving health outcomes

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that telehealth service provider Chipmunk Health, with locations in the Netherlands and Canada, is leveraging the capabilities and services of Philips’ HealthSuite digital platform to roll out its new GP-to-patient home monitoring solutions.

Designed to allow general practitioners to keep a closer check on the health status of their patients, Chipmunk Health’s telehealth services offer patients a closer relationship with their GP, without the waiting time and inconvenience of having to visit their GP for routine check-ups. The company will use the open, cloud-based infrastructure and services of Philips’ HealthSuite digital platform to connect multiple home monitoring devices, aggregate the acquired data via a dedicated smart hub, and securely transmit, store and analyze it.

“Philips’ HealthSuite digital platform is a vitally important element in rolling out our new services and scaling them up in a safe and secure way,” said Erik Duijsens, founder and CEO of Chipmunk Health. “We are convinced that our consumer-oriented telehealth services will provide more effective and qualitatively better healthcare than we already have, and at lower cost. Patients will be able to access all their health data in one place and doctors will be better equipped to serve their patients’ complex needs.”

“Many Innovative telehealth start-ups have excellent ideas but don’t have the resources to develop the secure, privacy-protected data infrastructure needed to unify and connect devices and data, and securely transmit, store and analyze patient data,” said Dale Wiggins, Philips’ Business Leader for the HealthSuite digital platform. “Supporting innovative companies like Chipmunk Health is one of the reasons why we made HealthSuite an open digital platform on which third parties can build their own applications. We are delighted that Chipmunk has joined the growing number of companies that recognize the growth and scale-up potential of our platform.”

Today’s announcement follows similar recent agreements to use Philips’ HealthSuite digital platform by eye care provider Alcon, selfcare solutions company Ypsomed, and Internet of Things (IoT) managed service provider Integron. In such collaborations, Philips is the provider of the relevant cloud-based healthcare IT infrastructure and not involved in the commercialization of the products and services of these companies.

Philips HealthSuite digital platform
Philips’ HealthSuite digital platform offers companies Cloud-based services and technical tools that meet privacy, security and regulatory requirements that they can use to develop and run a new generation of connected healthcare applications. Unlike other digital platforms, HealthSuite is purpose-built to solve the complex challenges of healthcare, featuring capabilities to connect devices, collect personal and health data, store and share data securely, analyze data, build and deploy AI models, and create solutions on the Cloud.

For further information, please contact:

Joost Maltha
Philips Group Press Office
Tel: +31 6 10 55 8116
E-mail: joost.maltha@philips.com

Ben Zwirs
Philips Group Press Office
Tel: +31 6 1521 3446
E-mail: ben.zwirs@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2018 sales of EUR 18.1 billion and employs approximately 77,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.


Memjet Hires Industry Veteran to Lead Business Development in Asia–Pacific

SAN DIEGO, May 01, 2019 (GLOBE NEWSWIRE) — Memjet (Memjet.com), a leading developer of inkjet printing technology, announces it has hired Bent Serritslev as senior vice president of business development in the Asia–Pacific region (APAC). In this role, Mr. Serritslev will oversee sales and marketing activities designed to expand the adoption of Memjet technology among OEM partners in the region.

“The appointment of Bent Serritslev continues Memjet’s momentum in the Asia–Pacific market,” said Len Lauer, chief executive officer at Memjet. “Last year, at the All in Print China Conference, Memjet announced DuraLink partnerships with Shanghai UPG International Trading Co. Ltd (UP Group) and Liaoning Zheng Hong Basch (Basch). This year, with Bent as part of our team, we will be announcing more OEM partners in the region and expand the number of Memjet-powered printing solutions that bring the speed, quality and affordability needed to succeed in the competitive APAC market.”Bent Serritslev Memjet Senior Vice President APAC

Before joining Memjet, Mr. Serritslev held senior management roles with market-leading companies in the printing industry.

More recently, Mr. Serritslev was managing director for Xeikon Asia Pacific, where he established and grew Xeikon’s market share in region. Under his leadership, Xeikon’s office grew from a small core group of engineers to a thriving organization of about 30 people dedicated to providing sales, marketing, service and support for regional Asia Pacific customers.

Previously, Mr. Serritslev was managing director of Heidelberg Malaysia and Singapore providing complete solutions including machinery, industrial consumables, machine reconditioning, training and development and service parts to print media companies.

Before joining Heidelberg Malaysia, Mr. Serritslev was managing director of EACgraphics India (Heidelberg India), a leading distributor of capital goods to the print media industry.

“In my career, I have witnessed the evolution of the printing industry and the expansion and dynamics of the APAC market,” said Mr. Serritslev. “No matter how the market changes, one thing remains the same: the enduring power of strong customer relationships. At Memjet, I look forward to establishing connections and fostering productive working relationships that enable OEM partners to grow today and well into the future.”

About Memjet

Memjet is a global leader in the development of digital inkjet technology that brings an unmatched combination of speed, simplicity, and affordability, transforming what is possible in color printing.

Memjet’s original technology platform, VersaPass, is an aqueous dye-based, single-pass digital print system that enables on-demand printing in a variety of markets, including desktop labeling, mailing and addressing, wide format and commercial press.

The DuraLink digital printing platform expands Memjet’s industry-leading speed, simplicity and affordability to a broader range of commercial, packaging and industrial printing markets.

Memjet supplies this advanced printhead, modules, and ink technology to OEM partners around the world, enabling the creation of solutions that bring new opportunities to users in a variety of markets.

Memjet maintains its corporate office in San Diego and has offices in Dublin, Sydney, Taipei, Singapore and Boise, Idaho. The company is privately held. For more information, please visit www.memjet.com. Follow Memjet on LinkedIn and Twitter @memjet.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/8ccdedd6-45ab-4176-b342-1f68ae097372

Marion Williams-Bennett
Create Communications

Wabtec Announces Pricing of Upsized Public Offering by selling stockholder

WILMERDING, Pa., May 01, 2019 (GLOBE NEWSWIRE) — Wabtec Corporation (NYSE: WAB) (“Wabtec”) today announced the pricing of an underwritten secondary offering of 22,000,000 shares of Wabtec common stock at a public offering price of $73.50 by General Electric Company (“GE”), as the sole selling stockholder. The offering is expected to close on or about May 6, 2019, subject to the satisfaction of customary closing conditions.  The selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 3,300,000 shares.  Wabtec will not receive any proceeds from the sale of the shares by the selling stockholder in this offering.

Morgan Stanley and Goldman Sachs & Co. LLC are acting as joint lead book-running managers.  BofA Merrill Lynch and Citigroup are acting as joint book-running managers for the offering.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. The offering is being made under an automatic shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (“SEC”) on April 30, 2019. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained by contacting Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014 or Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, New York 10282, telephone (toll-free): 866-471-2526.

About Wabtec Corporation

Wabtec Corporation is a leading global provider of equipment, systems, digital solutions and value-added services for freight and transit rail. Drawing on nearly four centuries of collective experience across Wabtec, GE Transportation and Faiveley Transport, the company has unmatched digital expertise, technological innovation, and world-class manufacturing and services, enabling the digital-rail-and-transit ecosystems. Wabtec is focused on performance that drives progress, creating transportation solutions that move and improve the world. The freight portfolio features a comprehensive line of locomotives, software applications and a broad selection of mission-critical controls systems, including Positive Train Control (PTC). The transit portfolio provides highly-engineered systems and services to virtually every major rail transit system around the world, supplying an integrated series of components for buses and all train-related market segments that deliver safety, efficiency and passenger comfort. Along with its industry-leading portfolio of products and solutions for the rail and transit industries, Wabtec is a leader in mining, marine and industrial solutions. Wabtec has approximately 27,000 employees in facilities throughout the world.


This communication contains “forward-looking” statements as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, including statements regarding the secondary offering by GE. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Any forward-looking statements speak only as of the date of this communication. Wabtec undertakes no obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

Wabtec Media Contact
Deia Campanelli / Deia.Campanelli@Wabtec.com / 773-297-0482

Wabtec Investor Contacts
Tim Wesley / Twesley@Wabtec.com / 412-825-1543
Kristine Kubacki, CFA / Kristine.Kubacki@wabtec.com / 412-450-2033

Night Work Policy to Be Introduced for 3D Sector – PM

KUALA LUMPUR, May 2 2019 (Bernama) � The government plans to implement a policy for working at night specifically for job sectors which do not receive much response from the local populace, said Prime Minister Tun Dr Mahathir Mohamad.

He said it was a move to attract more locals to participate in the sectors concerned (3D sectors � dirty, dangerous and difficult) which are currently dominated by foreign nationals resulting in billions of ringgit leaving the country every year.

”The government wants such jobs to be simplified..maybe will formulate a policy for night work or in a building..so as not to be exposed to the sun because working in the day time is hot and uncomfortable. And, with the aid of machines.

”The jobs are very difficult but they, the dirty ones are given to foreigners to take over because we don’t want to do it. So, they will get a big pay which is sent to the country of origin, exceeding RM60 billion (to date). This is a loss (to us) and impoverishes us,” he said.

He said this in his speech at a dinner organised by the Parti Pribumi Bersatu Malaysia’s (Bersatu) Segambut division at Laman Zarlith, here, tonight.

Also present were his wife Tun Dr Siti Hasmah Mohamad Ali and Women, Family and Community Development deputy minister and Segambut Member of Parliament, Hannah Yeoh.

Dr Mahathir, who is also Bersatu chairman, said maybe for starters the policy might not be accepted by all quarters because it involved a change in working time which was out of the norm.

”Indeed, it is dark (working at night) but now the rich can play golf at nightafter this we can plant padi at night, we install spotlights, so can work comfortably (minus the hot sun), maybe difficult to accept, eventually we will get used to it,” he said.

He said with the move, the government could realise the concept of shared prosperity whereby more people would obtain jobs and received wages through their own effort as compared to getting money for their support as practised by the previous government.

”This is among the plans and policies of the PH government because we can ensure more people get jobs and commensurate rewards. Truly despicable to get paid without workingits more noble the other way round and ‘halal’ (in Islam). If free, the source could be bad.

”We will become weak if we receive money for free because we are depending on the government. On the other hand, we want to have job opportunities so that the people can finance their lives through their own effort,” he added.

Source: Office of the Prime Minster Malaysia

ASEAN+3 Forecast Brunei Growth Despite Headwinds

BANDAR SERI BEGAWAN, Brunei Darussalam, May 2 (NNN-BRUDIRECT) � The research arm of the Association of Southeast Asian Nations+3 (ASEAN+3), predicted that Brunei’s economy will grow by around two percent in the next two years, though the sultanate’s high reliance on the oil and gas sector was seen as major risk to the economy.

Data from the 2019 ASEAN+3 Regional Economic Outlook, released on Wednesday, showed that Brunei’s economy was expected to grow by 2.1 percent this year and 2.0 percent in 2020.

This was up from 0.1 percent in 2018, but the figures were the lowest in Southeast Asia, according to the report published by the ASEAN+3 Macroeconomic Research Office.

It said, the growth in 2019 will be supported by stronger foreign direct investment inflows, and Hengyi Industries Sdn Bhd’s refinery production, which is slated to begin operations later this year.

Hengyi Industries is a joint venture between China’s Zhejiang Hengyi Group Co. Ltd. and Damai Holdings � a wholly owned subsidiary under Brunei government’s Strategic Development Capital Fund � owning 70 percent and 30 percent respectively.

On the other hand, domestic factors, such as the high reliance on the oil and gas sector, poses major risks to the economy.

Following the price recovery since 2016, an unexpected shortfall in oil and LNG production in 2018 has affected economic growth. It will also hamper the government’s ability to support the economy, it said.

It added that, external risks, apart from the possibility of a sharp decline in global oil and gas prices, are expected to have less impact on Brunei’s economy.

Brunei is less susceptible to spillovers from the global trade conflicts, given its relatively low engagement in the global value chain, it said.� NNN-BRUDIRECT

Source: NAM News Network