Daily Archives: November 6, 2019

GT Advanced Technologies Achieves ISO-9001:2015 Certification

Key Production and Quality Milestones in Less than a Year

GTAT ISO Certification

GTAT achieves ISO Certification for the design and manufacture of silicon carbide products.

 

HUDSON, N.H., Nov. 06, 2019 (GLOBE NEWSWIRE) — GTAT Corporation, d/b/a GT Advanced Technologies (GTAT), is proud to announce that it has achieved ISO-9001:2015 certification through auditors TÜV Rheinland of North America, a globally renowned third-party testing, inspection and certification company. GTAT produces silicon carbide materials at its primary facility in Hudson, New Hampshire.

“Obtaining ISO Certification is one of many milestones that we have been able to achieve very rapidly,” said GTAT’s CEO Greg Knight. “In less than a year, we equipped our facility, reached volume production, and achieved ISO certification. I cannot think of any other company in our industry that has been able to accomplish these milestones faster.”

Silicon carbide is the preferred substrate material for power electronics semiconductors used in applications such as electric vehicles and others. GTAT’s CrystX™ silicon carbide is sold to industry partners who produce sliced and polished wafers. Since silicon carbide outperforms silicon for these applications, demand for it is exceptionally high.

GTAT’s rapid growth as an ISO-certified producer of silicon carbide reflects accelerating demand coming from makers of power-electronics semiconductors. “Our focus has been to rapidly scale production and achieve the necessary quality certifications so that growing markets can take advantage of what we produce,” said Knight. In August, GTAT signed a long-term supply agreement with Taiwan-based GlobalWafers Co. (GWC) for its CrystX™ silicon carbide.

ABOUT GTAT

GT Advanced Technologies is a diversified technology company with crystalline growth expertise in silicon carbide and sapphire.  These important, high-demand materials deliver sustained performance and value across expanding global markets.  The Company focuses on increasing supply of these materials while driving cost down, which helps accelerate the adoption of products such as electric vehicles, power electronics, aerospace optics, and the emerging 5G telecom infrastructure. For more information about the company, please visit www.gtat.com.

Contact
info@gtat.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0a0d16c1-6712-4a4c-b54a-08417ba2ae6b

Virtusa Named a Major Contender and Star Performer by Everest Group in Life Sciences Digital Services PEAK Matrix™

SOUTHBOROUGH, Mass., Nov. 06, 2019 (GLOBE NEWSWIRE) — Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, announced it was named a Major Contender in the 2019 Life Sciences Digital Services PEAK Matrix™ by Everest Group. Virtusa was also named a Star Performer based on demonstrating the most improvement over time among the 23 IT service organizations assessed.

Virtusa’s position was evaluated on two fronts: market impact that includes market adoption, portfolio mix, and value delivered; and vision and capability that includes vision and strategy, scope of services offered, innovation and investments, and delivery footprint.

“Virtusa’s Life Sciences practice harnesses our intense industry expertise and digital innovation engineering to ultimately improve patient outcomes and lower costs,” said Anthony Lange, SVP, Life Sciences, Virtusa. “With our vLife™ Platform, researchers can combine multiple data sources with pre-built APIs, AI, and machine learning models to uncover hidden trends that can lead to new treatment strategies and cures for a range of illnesses.”

Virtusa’s vLife™ Platform is a cloud-based, data-driven platform that accelerates the pace of innovation and streamlines operations in the life sciences industry. It includes a large clinical data lake with APIs, microservices, pre-built AI and machine learning models, visualization, and predictive tools available for client subscription. The data includes over one billion rows of public, synthetic, or acquired data from electronic health records, claims, clinical trials, government agencies, human genomes, and images. vLife™ also includes pre-built solutions and device simulators for deep analyses and predictions to map patient journeys and disease progression.

Virtusa recently announced a collaboration that uses AI and machine learning techniques to advance medical research. The research will leverage the vLife™ Platform and initially focus on finding the best treatment and management strategies for subarachnoid hemorrhage and diabetes based on health care data and computer simulations.

Other areas Virtusa supports its clients through digital services innovation in the life sciences industry include:

  • Simulated electronic health record datasets used by researchers to improve the health of patients with diabetes, metabolic disease, and poor nutrition.
  • IoT data aggregation and analytics platform integration into a wearable SmartBelt for real-time monitoring of worker safety and productivity data.
  • AI-enabled, hand-held ultrasound emergency diagnostics device designed to remotely diagnose and administer telemedicine solutions to remote points, including ambulances, battlefields, and medical facilities, across the world.
  • Microservices-based specimen tracking application engineered to digitally track specimens dispatched from the operating room to the laboratory.

To learn more about Virtusa and Life Sciences, please visit: virtusa.com/industry/life-sciences/

About Virtusa Corporation
Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of digital business strategy, digital engineering, and information technology (IT) services and solutions that help clients change, disrupt, and unlock new value through innovation engineering. Virtusa serves Global 2000 companies in Banking, Financial Services, Insurance, Healthcare, Communications, Media, Entertainment, Travel, Manufacturing, and Technology industries.

Virtusa helps clients grow their business with innovative products and services that create operational efficiency using digital labor, future-proof operational and IT platforms, and rationalization and modernization of IT applications infrastructure. This is achieved through a unique approach blending deep contextual expertise, empowered agile teams, and measurably better engineering to create holistic solutions that drive business forward at unparalleled velocity enabled by a culture of cooperative disruption.

© 2019 Virtusa Corporation. All rights reserved.

Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.

Contact:
Ron Favali
Conversion Marketing
ron@conversionam.com
727-512-4490

Oil-Dri Adds Second Research Facility to Accelerate Innovation

Oil-Dri Adds Second Research Facility to Accelerate Innovation

New lab is an investment in microbiological research to support growing markets

New lab is an investment in microbiological research to support growing markets

CHICAGO, Nov. 06, 2019 (GLOBE NEWSWIRE) — Oil-Dri Corporation of America (NYSE: ODC), leading producer and marketer of sorbent mineral technology, announces the opening of an additional research facility to support its expansion into Life Sciences research.

The Richard M. Jaffee Center for Applied Microbiology is located within walking distance from the company’s Nick Jaffee Center for Innovation in Vernon Hills, Illinois. The proximity will allow for continued collaboration between Oil-Dri’s Materials Sciences and Life Sciences teams. A showcase for both research and customer education, the 6,000 square foot facility houses Oil-Dri’s Life Sciences team and a state-of-the-art Biosafety Level-1 and 2 laboratory space.

In 2017, Oil-Dri opened its first microbiology lab within its Innovation Center. It was named for Richard M. Jaffee, former company chairman, in honor of his leadership, innovative spirit and passion for research and medicine. Over the past two years, the Life Sciences team has had tremendous success and quickly identified the need for further investment.

“Dr. Hongyu Xue and the Life Sciences team has tapped into the next generation of Oil-Dri’s new product development, harnessing the synergy between our unique mineral and microorganisms,” says Daniel Jaffee, President and CEO. “With this new laboratory, we are poised to bring new ideas and products to the agricultural marketplace like never before.”

The biosafety Level-2 designation permits the study of the unique interaction between functional microbes used in crop protection and our sorbent minerals. “Recent and developing innovations in our business include the engineering of granular carriers to act as hosts for microorganisms including bacteria and fungi. These solutions help our partners in crop science formulations bring biological alternatives to the pesticide market,” says Yasmith Bernal, Vice President of Oil-Dri’s Agricultural division.

The company will also utilize the Richard M. Jaffee Center for Applied Microbiology for developing intestinal health solutions to managing disease in livestock and odor control in the cat litter box.

About Oil-Dri Corporation of America:
Oil-Dri is a leading manufacturer and supplier of high-quality sorbent products for Pet Care, Animal Health, Fluids Purification, Agricultural Ingredients, Industrial & Automotive, and Sports Fields markets. Oil-Dri is vertically integrated, which enables the company to efficiently oversee every step of the process from research and development to supply chain to marketing and sales. With more than 75 years of experience, the company continues to fulfill its mission to Create Value from Sorbent Minerals. For more information, please visit www.oildri.com.

Reagan B. Culbertson
Media Contact
press@oildri.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/80de874d-fbbb-41a6-a4db-13bfd90a09f4

CNH Industrial Announces Senior Leadership Changes

London, November 6, 2019

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces the following two leadership changes:

Carl Gustaf Göransson is stepping down as President Construction, and will be replaced by Stefano Pampalone. Mr. Pampalone has over 20 years’ career experience in CNH Industrial, with a track record of profitable growth across the Company’s international business activities. He retains his current role as General Manager High Growth Markets Asia, Middle East and Africa, and continues to serve on the Global Executive Committee (GEC), which is the highest executive decision-making body within CNH Industrial outside of its Board of Directors.

“I would like to thank Carl Gustaf for his commitment and leadership of CNH Industrial’s Construction Equipment segment and wish him well for his future. I look forward to working with Stefano Pampalone as we continue to earn the right to grow for this important segment,” said Hubertus Mühlhäuser, Chief Executive Officer, CNH Industrial.

Alan Berger, Chief Technology Officer, CNH Industrial, has elected to leave the Company, and will be replaced by Jayanthi (Jay) Iyengar. She joins CNH Industrial as the Chief Technology Officer (CTO), with a wealth of experience in relevant technology fields, most recently at Xylem Inc., where she served as Senior Vice President, Chief Innovation and Technology Officer, Eaton Aerospace, Fiat Chrysler Automobiles and General Motors. As CTO, Ms. Iyengar will be a member of the GEC.

“I would like to thank Alan for his expertise and leadership of CNH Industrial’s technology activities and wish him well for his future. I am delighted to welcome Jay Iyengar, recognizing the insights she will bring to the development of our innovation and technology roadmap, as well as her deep experience in the important Indian market,” said Hubertus Mühlhäuser.

CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com

Contacts:

Corporate Communications

Email: mediarelations@cnhind.com

Investor Relations

Email: investor.relations@cnhind.com

Attachment

2019 Third Quarter Results

The following is an extract from the “CNH Industrial 2019 third quarter results” press release. The complete press release can be accessed by visiting the media section of the CNH Industrial corporate website: https://www.cnhindustrial.com/en-us/media/press_releases/Pages/default.aspx or consulting the accompanying PDF:

CNH Industrial reports third quarter consolidated revenues of $6.4 billion,
net income of $643 million and adjusted net income of $221 million ($0.16 per share).
Net debt of Industrial Activities at $2.4 billion

Financial results presented under U.S. GAAP

  • Industrial Activities net sales were $5.9 billion, down 6% compared to the third quarter of 2018 (down 3% on a constant currency basis), as lower sales volume and negative currency translation offset positive price realization
  • Adjusted EBIT of Industrial Activities was $284 million, equivalent to a 4.8% margin, down 30 basis points compared to the third quarter of 2018. Adjusted EBITDA of Industrial Activities was $523 million, representing an 8.9% margin
  • Reported net income of $643 million includes a material discrete tax benefit. Adjusted net income was $221 million in the third quarter of 2019, in line with the third quarter of 2018, benefiting from lower interest expense and a lower adjusted effective tax rate
  • Net debt of Industrial Activities at September 30, 2019 was $2.4 billion, up by $0.9 billion from June 30, 2019, due to an increase in net working capital
  • During the quarter, CNH Industrial continued corporate planning activities in view of the future separation of the Off-Highway and On-Highway businesses announced on September 3
  • During the quarter, CNH Industrial acquired AgDNA, a leader in Farm Management Information Systems, and entered into a strategic and exclusive Heavy-Duty Truck partnership with Nikola Corporation, a U.S.-based leader in fuel cell truck technology
  • CNH Industrial recently announced the acquisition of the Australian agricultural tillage and crop implement manufacturer K-Line Ag, and the acquisition of ATI, Inc., a global manufacturer of rubber track systems for high horsepower tractors and combine harvesters, in an effort to strengthen its strategic position and to drive industry consolidation in the agricultural market. In addition, CNH Industrial has agreed the sale of its Truckline parts business, a distributor of aftermarket commercial vehicles parts and accessories in Australia
  • Full year guidance updated as follows: net sales of Industrial Activities expected now between $26.5 billion-$27 billion with confirmed adjusted diluted EPS of $0.84-$0.88. Net debt of Industrial Activities of $0.6 billion-$0.4 billion mainly reflecting the M&A activity announced since September 3

Attachment

VistaJet Crowned Best Operator for the Fourth Consecutive Year

Company’s unmatched operational standards and service excellence win recognition at the AsBAA Icons of Aviation Awards 2019

VistaJet

Best AOC Charter Operator

HONG KONG, Nov. 06, 2019 (GLOBE NEWSWIRE) — VistaJet, the first and only global private aviation company, continues an outstanding 2019 by being crowned Asia’s best operator for the fourth consecutive year at the AsBAA Icons of Aviation Awards. The honor celebrates excellence and recognizes best practices in the private aviation industry across the continent, and comes following VistaJet’s receipt of the inaugural award for Most Innovative Company at the 2018 ceremony.

VistaJet is celebrating its 15-year anniversary in 2019, having transformed from a start-up with two aircraft in Europe to a global aviation unicorn with more than 70 long-range jets. A leading innovator in the industry, VistaJet has continued to see record growth year on year, with a 31% increase in new Members in 2018 and a 25% rise in flights globally. Asia performed strongly with a 26% growth in flights, and the momentum continues with the launch of customer-centric programs including VistaPet, the most comprehensive global pet travel program, and VistaJet World, a portfolio of once-in-a-lifetime exclusive global travel experiences.

In October 2019, VistaJet announced that it will introduce the first fleet of Bombardier Global 7500 aircraft, entering service from January 2020. The Global 7500 is the largest and longest-range business jet available on the market today. Its ultra-long-range flight capability and large cabin with four living spaces, including a permanent private stateroom suite, are particularly appealing to customers in Asia, where long-haul comfort is highly sought after. The jet can fly non-stop over popular long-range routes such as Hong Kong to New York and Singapore to San Francisco, and can cut travel time by up to 21% compared to the next fastest jet, offering the ultimate private flying experience in terms of productivity and efficiency.

VistaJet

Global 7500

“It’s a privilege to be crowned the best operator for the fourth time at the AsBAA Icons of Aviation Awards 2019. It is recognition of our team working earnestly 24-7 to ensure the seamless and safe operation of each flight to the highest standards possible,” says Ian Moore, Chief Commercial Officer of VistaJet. “We are very proud of what we have achieved in the past year and very excited about what is yet to come. The arrival of the Global 7500 in the VistaJet fleet, paralleled with our unrivaled cabin services, will be a game changer.”

Zhendong Wu, Chairman of AsBAA, said: “Congratulations to VistaJet for winning this well-deserved award four years in a row. I would also like to express my heart-felt appreciation for its support over the years for our CSR programs, including our signature event, the Icons of Aviation Awards Charity Gala dinner, and raising over US$160,000 in support of Orbis Flying Hospital, as well as AsBAA Discovery, the student chapter of the association that bridges the gap between the industry and the next generation. I wish VistaJet every success in the journey ahead.”

VistaJet is part of Vista Global Holding, the world’s first private aviation ecosystem that integrates a unique portfolio of companies offering asset-light services to cover all key aspects of business aviation. With the backing of Vista Global, VistaJet is assured of continued steady growth and expanding market share in the years ahead.

Contact
Amy Yang| VistaJet | T: +852 2901 0502 | amy.yang@vistajet.com

About VistaJet
VistaJet is the first and only global aviation company. On its fleet of over 70 silver and red business jets, VistaJet has flown corporations, governments and private clients to 187 countries, covering 96% of the world. Founded in 2004, the company pioneered an innovative business model where customers have access to an entire fleet whilst paying only for the hours they fly, free of the responsibilities and asset risks linked to aircraft ownership. VistaJet’s signature Program membership offers customers a bespoke subscription of flight hours on its fleet of mid and long-range jets, to fly them anytime, anywhere. Customers can also request Direct one-off flights through the industry’s first end-to-end booking app or a 24/7 global team.

More VistaJet information and news at vistajet.com

A PDF accompanying this release is available at

http://ml.globenewswire.com/Resource/Download/3fe822d8-8c18-4f5e-b71e-bc929a7556d1

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/f22aae11-51f5-4d36-a5d1-21b288aca206

https://www.globenewswire.com/NewsRoom/AttachmentNg/0a841f19-505a-4f2d-be71-727270c6f979

The Global FoodBanking Network expands services to seven countries across Asia-Pacific

The Asia Food Bank Incubator was designed to reach the more than 60 percent of the world’s undernourished that currently live in the region.

CHICAGO,IL, Nov. 05, 2019 (GLOBE NEWSWIRE) — The Global FoodBanking Network (GFN) formally launched the Asia Food Bank Incubator program last month, aimed at accelerating the development and scaling of food banking in the Asia-Pacific region.

Thanks to the generous support of Bank of America Merrill Lynch – APAC, Griffith Foods and The PIMCO Foundation, the three-year Food Bank Incubator program will expand technical support and other services GFN offers across the region by collaborating with eight organizations in seven countries working toward eliminating hunger and food waste in their communities.

The eight Asia Food Bank Incubator participants include:

“We are so excited to finally expand The Global FoodBanking Network’s impact and reach in the Asia-Pacific region and work alongside this incredible cohort of change-making organizations” said Lisa Moon, GFN President and CEO. “The objective of this program is to reduce the time it takes to start-up a food bank and ultimately work with these organizations to reach more people facing hunger in their communities.”

The program was launched at the first GFN Asia-Pacific Food Bank Conference in Seoul, South Korea, October 21-25 at the Koreana Hotel, hosted in conjunction with the Korea National Council on Social Welfare, Korea Ministry of Health and Welfare, and Korea Foodbank. The launch event convened Incubator participants, current network food banks, corporate partners and industry leaders to discuss the fundamentals of food banking over the course of the three days.

“We are so thankful at Foodbank Vietnam that The Global FoodBanking Network created this opportunity for us to join the Asia Food Bank Incubator program,” said Nguyen Tuan Khoi, Founder & CEO, Foodbank Vietnam. “During the week we not only learned valuable skills that we will take back and implement at the food bank, but we also connected and built relationships with other food banks in Asia and will continue to collaborate. We are so excited to see where this program takes us.”

Currently, more than 60 percent of the world’s undernourished live in the Asia-Pacific region. GFN identified Asia-Pacific as a high-priority region while developing the Incubator program due to these high levels of poverty and malnutrition.

Over the course of the next three years, GFN will work closely with Incubator participants by providing technical assistance and access to GFN’s suite of training resources, as well as developing key milestones and programs. During the Incubator program, participants will ultimately be moved toward GFN certification.

“What a privilege and honor to have been accepted as part of this inspiring and knowledge-filled experience. From the well-founded counsel and advice from The Global FoodBanking Network, the experiences of our colleague organizations in the region, to the networking and camaraderie, the summit was for us an occasion we are so very thankful to have attended,” said John Milligan, CEO, Foodbank Canterbury.

Following the Incubator launch, GFN hosted the first Asia-Pacific Regional Summit with support from the Archer Daniels Midland Company, bringing together 8 delegates from existing GFN member food bank organizations; Foodbank Australia, Green Food Bank China, Feeding Hong Kong, Korea Food Bank, The Food Bank Singapore and Taiwan People’s Food Bank Association. The Asia-Pacific Regional Food Bank Summit focused on issues related to surplus food procurement and food donation policies across the region.

About The Global FoodBanking Network:

The Global FoodBanking Network (GFN) is an international non-profit organization that nourishes the world’s hungry through uniting and advancing food banks in more than 30 countries. GFN focuses on combating hunger and preventing food waste by providing expertise, directing resources, sharing knowledge and developing connections that increase efficiency, ensure food safety and reach more people facing hunger. Last year, 943 GFN member food banks rescued over 500 million kilograms of food and grocery product and redirected it to feed 9.6 million people through a network of more than 55,000 social service and community-based organizations. For more information please visit www.foodbanking.org.

Katie Lutz
The Global FoodBanking Network
+1-312-620-9666
kelutz@foodbanking.org