Sheetal Mehta Walsh, Global Innovation Executive Joins Waterhound Futures as Board Advisor

LONDON, Feb. 18, 2021 /PRNewswire/ — Waterhound Futures Limited, a leader in water and wastewater data analytics, announced today that Sheetal Mehta Walsh will join Waterhound Futures as a Board Advisor.

Waterhound Futures provides deep tech software solutions to industry and municipal water and wastewater treatment customers, while Sheetal will advise on multi-source funding strategies and build commercial collaborations to scale the company in <span…

LONDON, Feb. 18, 2021 /PRNewswire/ — Waterhound Futures Limited, a leader in water and wastewater data analytics, announced today that Sheetal Mehta Walsh will join Waterhound Futures as a Board Advisor.

Waterhound Futures provides deep tech software solutions to industry and municipal water and wastewater treatment customers, while Sheetal will advise on multi-source funding strategies and build commercial collaborations to scale the company in North America and EMEA.  

Sheetal brings over 25 years of experience working with start-ups and as an impact investor. Sheetal worked directly with Bill Gates to create and implement Microsoft’s first corporate VC relations strategy, which she managed first from Silicon Valley and later managed the EMEA from London.  She also brings 14 years of experience as Deal Maker for the British Government’s Global Entrepreneur Programme where she facilitated fundraising of £1 billion for over 900 companies.

«We are honoured to announce that Sheetal has joined Waterhound’s Advisory Board. Sheetal was our original Deal Maker at the UK Department for International Trade Global Entrepreneur Programme. The energy she brought to our work with the GEP and as our champion and connector inside the DIT, as well as with prospective clients was amazing.  After she left the GEP, we asked if she would consider joining Waterhound as a Board Advisor.  She enthusiastically agreed and we couldn’t be more excited to continue to benefit from her experience as an entrepreneur and founder in her own right,» said Julie King, CEO for Waterhound Futures Limited. «The blend of Sheetal’s experience in investment banking, impact investing, microfinance, as well as the 14-years she worked with start-ups as a Deal Maker at the GEP is invaluable. We are very pleased to have Sheetal as a key member of our team.»

Ms. Walsh declared, «From the moment I met Julie in 2019, I was impressed and excited by her resilience as a global entrepreneur and her passion for digital water. Waterhound Futures Ltd is an important and timely innovation not just for the UK but also for the world. As one of the most abundant and valuable resources on the planet, we humans would perish without it. Aside from basic survival water is used in many industries which affect our everyday lives from oil and gas to mining to food and beverage, just to name a few.  How we treat and maintain water needs to be at the forefront of our innovation strategies.»

About Waterhound Futures Limited

Waterhound Futures Limited (www.waterhoundfutures.com) proprietary software applies machine learning and AI in an integrated environment to water and wastewater treatment, water reuse and recycle and energy recovery and management. Engineers, operators and managers are able to optimise performance and reduce operating and lifetime costs for water and wastewater treatment assets. Founded in 2019 by Julie King and Michael Levey with the simple vision of eliminating contamination of freshwater resources by untreated wastewater.  The company won The Water Council’s AI Tech Challenge, joined the UK Department of International Trade Global Entrepreneur Programme and won a CalSEED grant award from the California Energy Commission for the application of machine learning to energy efficiency in wastewater treatment in 2020.

About Sheetal Mehta Walsh

Sheetal is co-founder of SoHo Ventures. She is also President of Shanti Life, a UK charity focussed on providing safe sanitation for vulnerable women in India through a recycling microfinance fund.

Sheetal joins Stuart Orr, Head of WWF International’s Freshwater Practice and Jacob Tompkins OBE, CTO of The Water Retail Company, London as Board Advisors for Waterhound Futures.

Media Contact:
Julie King
44 7437 31 85 49
291809@email4pr.com 

 

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SOURCE Waterhound Futures, Ltd.

Dallas TX, Suffolk County NY, and Virginia Beach VA use Salesforce for their COVID-19 Economic Assistance and Recovery

WASHINGTON, Feb. 18, 2021 /PRNewswire/ — 2020 was a challenging year to which several local government agencies rose to the occasion to ensure their citizens were being served. Counties are working tirelessly to improve resident – government interactions across every channel and Cities are serving residents while empowering employees to excel at their jobs. Both are enabling cross-agency collaboration and empowering a remote workforce to provide faster, easier, smarter government services.

WASHINGTON, Feb. 18, 2021 /PRNewswire/ — 2020 was a challenging year to which several local government agencies rose to the occasion to ensure their citizens were being served. Counties are working tirelessly to improve resident – government interactions across every channel and Cities are serving residents while empowering employees to excel at their jobs. Both are enabling cross-agency collaboration and empowering a remote workforce to provide faster, easier, smarter government services.

Suffolk County New York, City of Virginia Beach Virginia, and City of Dallas Texas were among the list of local governments who drove and continue to drive their digital initiatives forward. Suffolk County NY launched their 311 call center taking a phased approach, enabling their platform to also be utilized when the County was hit by the COVID-19 pandemic. The Suffolk 311 system became the way the County managed their response with citizens and businesses. The County also launched their citizen facing self service web portal as another channel for citizens and businesses for COVID-19 response. Suffolk is re-opening and expanding departments using 311 to include Human Services.

Suffolk has 63 active Service Request types configured in the 311 Capsule including service request types for Covid-19. The county is required to provide shared services for other jurisdictions within the County. Users can be alerted to which jurisdiction owns that specific issue at that location. The multi-jurisdictional functionality allows for more flexibility and configurability of the distribution of tickets could be adjusted as things evolve. Multi-jurisdictional functionality also provides the ability to track constituent issues to meet needs and security options to limit views of information as required by the county.

Dallas, Texas ranked in the top 10 most populous cities in the United States, needed to rapidly implement enterprise level, scalable, Low Code/No Code platform-based solutions to provide uncompromised customer service to the Public and a safe environment for their employees. The City of Dallas successfully launched three critical applications to aid with tackling and providing the technology support needed for city employees to serve their constituents during COVID-19. Success for The City of Dallas means, city wide proactive reporting, public appointment scheduling with city departments online, and increasingly digitized forms and applications.  City of Dallas departments currently leveraging these solutions include 311, Community Care, and Code Compliance. These apps play a crucial role in supporting the city as they continue to serve their constituents during these challenging times.

Virginia Beach, one of the nation’s top award winning digital cities, placed third in the Annual Digital Government survey in 2020. When the City sought an off-the-shelf, configurable software-as-a-service system to aid in COVID-19 relief, they turned to the recently purchased 311 Capsule CRM solution and repurposed that traditional 311 solution project to meet their urgent pandemic response needs. Launched on time and on budget by Incapsulate, the City has remotely deployed this project in multiple phases, prioritizing COVID-19 response. The first phase focused on short-term rentals and COVID-19 donations and disaster relief. Virginia Beach equipped their Emergency Communications and Citizen Services operations with the ability to review and accept community-based donations of personal protective equipment (PPE) and supplies.

In the second phase, the City implemented COVID-19 a suite of Financial Relief Applications (Public Utilities Payment Assistance) and the Board of Commissioner Online Appointment Scheduler. Virginia Beach is leveraging the Customer Relationship Management (CRM) system for two COVID-19 relief fund programs: City Services Bill Pandemic Relief, VA State CARES relief and Emergency Debt Repayment Plan. Citizens who lost their jobs or income due to COVID-19 may use the online portal to submit and track their applications for assistance. Departments are empowered to collaborate on application review, validation and approval. The reporting process is streamlined by collecting and processing applicant progress reports digitally. Virginia Beach also implemented Incapsulate’s Remote Appointment Scheduling Application, which helps digitize the delivery of mission-critical services provided by the City’s Commissioner of the Revenue.

The latest phase includes the City’s COVID-19 Vaccine Management System. The City of Virginia Beach stands ready to support the Virginia Department of Health’s vaccination program, as the system integrates with the State of Virginia’s Vaccine systems. Residents are able to pre-register online and input their information to generate a request for the vaccine that is then sent to the state health department. Online notifications are then sent to residents to schedule an appointment. The city also provides relevant information on the availability of the vaccine, who is eligible and where they can go to get vaccinated.

In 2021 local government agencies continue to rise to the occasion to ensure their citizens are being served. As we have seen with Suffolk, Dallas and Virginia Beach; cities and counties are working tirelessly to improve resident – government interactions across every channel. They continue to enable cross-agency collaboration and empower a remote workforce to provide faster, easier, smarter government services.

About Incapsulate
Since 2008, Incapsulate has helped organizations realize true digital transformation and achieve lasting results with the Salesforce Platform. With expertise in a wide range of cloud-based technologies, agile methodologies, digital analytics, and mobile solutions, we serve clients ranging from the Fortune 500 companies to Federal, State & Local governments across the United States.  As of January 1st, 2021, Incapsulate has over 200 employees, with over 450 Salesforce Technical Certifications, and an additional 50 technical certifications in other cloud platforms.  Incapsulate is a Certified Partner of  Mulesoft, Vlocity, Tableau, Clariti, Box, Google Cloud Platform, Amazon Web Services and ESRI.  Headquartered in Washington DC, Incapsulate has additional offices in Boston, Toronto, Ahmedabad, and Hyderabad.

For more information please contact Incapsulate at
info@incapsulate.com

 

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SOURCE Incapsulate

Meeting Elon Musk’s Challenge to «Hodl The Rainforest»

NEW YORK, Feb. 18, 2021 /PRNewswire/ — In a recent Tweet, the world’s richest man, Elon Musk,  challenged us all to «hodl the rainforest.» In crypto parlance the implication is that we all need to protect the rainforests that remain to us and future generations. The Universal Protocol Alliance (UPA), a coalition of leading blockchain companies including Bittrex Global, CertiK, Fifth Era, Hard Yaka, Ledger, Trovio, SFOX and Uphold, have responded, and today are excited to announce that…

NEW YORK, Feb. 18, 2021 /PRNewswire/ — In a recent Tweet, the world’s richest man, Elon Musk,  challenged us all to «hodl the rainforest.» In crypto parlance the implication is that we all need to protect the rainforests that remain to us and future generations. The Universal Protocol Alliance (UPA), a coalition of leading blockchain companies including Bittrex Global, CertiK, Fifth Era, Hard Yaka, Ledger, Trovio, SFOX and Uphold, have responded, and today are excited to announce that «hodling the rainforest» is now possible through a unique technological breakthrough: tokenized and transparently substantiated certified voluntary carbon credits. It turns out that crypto can save the rainforest.

Today, Universal Carbon (UPCO2) the world’s first tradable REDD+ carbon credit token becomes the first environmental crypto commodity to be listed on Bittrex Global – the leading Liechtenstein-based digital asset trading platform.

«We are excited to be providing every Bittrex Global user with access to UPCO2,» said Tom Albright, CEO, Bittrex Global. «With this important new listing, we’re enabling institutional and retail investors to both invest in the appreciation of carbon credits and offset carbon footprints while helping to save the world’s rainforests.«

Launched December 1st 2020, each UPCO2 Token represents one tonne of CO2 pollution averted by a certified REDD+ project preventing rainforest loss or degradation. Every token is backed by a digital certificate issued by Verra and other international standards agencies, which allows certified projects to turn their greenhouse gas (GHG) reductions into tradable carbon credits.

In the lead-up to the creation of UPCO2 and BTC0 (an ERC-20 wrapped carbon neutral bitcoin), the UP Alliance consulted many of the world’s leading carbon experts, ultimately forming the UP Carbon Foundation. The UP Carbon Foundation’s role will be to ensure that the carbon credits underlying UPCO2 are diverse, of unimpeachable quality, and, where possible through block issuance, the money paid for fully performed credits can immediately flow into the expansion of protected acreage.

UPA Chairman, Matthew Le Merle said: «We believe Universal Carbon is the best way to achieve the mission of protecting the world’s remaining rainforests and are excited that Bittrex Global agrees. We plan to jointly submit our technological breakthrough for one of the X Prize Foundation awards that Elon Musk is sponsoring.«

«UPA is proud to have made Elon’s vision a reality. Hodling the rainforests is a critical and tremendous start, as they are the lungs of the world and under siege… but with the advent of digital carbon credits, an entire world of possibilities open up, creating an efficient conduit for market forces to deliver outsize results precisely where they’re most needed.» concluded Le Merle.

About Bittrex Global

Bittrex Global offers customers access to one of the most secure digital asset trading platforms and digital wallet infrastructures in the world.  Bittrex Global provides a great experience for professional and novice customers alike, enabling the purchase of both cryptocurrency and tokenized stock. For more information please visit: https://global.bittrex.com/

About Universal Protocol Alliance

Universal Protocol Alliance’s vision is that every asset class will be digitized and tokenized. We are an alliance of like-minded cryptocurrency companies and blockchain pioneers including Bittrex Global, CertiK, Fifth Era, Hard Yaka, Trovio, Ledger, SFOX and Uphold. We know how to tokenize and transparently substantiate any asset. Our mission is to build out the world’s leading tokenization platform, ushering in a new era in finance. Learn more at www.universalprotocol.io

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SOURCE Universal Protocol Alliance

ADP Canada National Employment Report: Employment in Canada Decreased by 231,200 Jobs in January 2021

TORONTO, Feb. 18, 2021 /PRNewswire/ — Employment in Canada decreased by 231,200 jobs from December to January according to the January ADP®Canada National Employment Report.  Broadly distributed to the public each month, free of charge, the ADP Canada National Employment Report is produced by the ADP Research Institute®.  The report, which is derived from actual ADP payroll data, measures the change in total…

TORONTO, Feb. 18, 2021 /PRNewswire/ — Employment in Canada decreased by 231,200 jobs from December to January according to the January ADP®Canada National Employment Report.  Broadly distributed to the public each month, free of charge, the ADP Canada National Employment Report is produced by the ADP Research Institute®.  The report, which is derived from actual ADP payroll data, measures the change in total nonfarm payroll employment each month on a seasonally-adjusted basis.   

January 2021 Report Highlights*

Total Canada Nonfarm Payroll Employment1:     -231,200

Industry Snapshot:

– Goods Producing:

  • Manufacturing     -17,900
  • Construction     -45,400
  • Natural Resources and Mining     -1,700 

– Service Providing:

  • Trade/Transportation and Utilities     -62,600
  • Information     -3,100
  • Finance/Real Estate     -5,900
  • Professional/Business Services     -17,500
    – Professional/Technical     2,200
    – Management of Companies     -1,200
    – Administrative and Support     -18,600           
  • Education & Health Care     -11,400
    – Educational Services     8,300
    – Health Care     -19,800
  • Leisure and Hospitality     -55,100
  • Other Services2     -10,600

* Sum of components may not equal total, due to rounding.

«January reported a decrease in jobs, the largest decrease since May 2020 during the lockdown period,» said Nela Richardson, chief economist, ADP. «The surge in COVID-19 cases and public health restrictions resulted in mass layoffs. Job losses were reported in every sector, led by trade, transportation and utilities; leisure and hospitality; and construction.»

The December total of jobs added was revised from -28,800 to 338,200.

The February 2021 ADP Canada National Employment Report will be released at 8:30a.m.ET on March 18, 2021.

About the ADP Canada National Employment Report
The ADP Canada National Employment Report is a monthly measure of the change in total Canada nonfarm payroll employment derived from actual, anonymous payroll data of client companies served by ADP Canada. The report, which measures more than two million workers in Canada, is produced by the ADP Research Institute®, a specialized group within the company that provides insights around employment trends and workforce strategy.

Each month, the ADP Research Institute issues the ADP Canada National Employment Report as part of the company’s commitment to adding deeper insights into the labour market in Canada and providing businesses, governments and others with a source of credible and valuable information.  The ADP Canada National Employment Report is broadly distributed to the public each month, free of charge.

For a description of the underlying data and the statistical model used to create this report, please see «ADP Canada National Employment Report: Development Methodology».

About the ADP Research Institute
The mission of the ADP Research Institute is to generate data-driven discoveries about the world of work, and to derive reliable economic indicators from these insights. We offer these findings to the world at large as our unique contribution to making the world of work better and more productive, and to bring greater awareness to the economy at large.

About ADP (NASDAQ: ADP)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential.  HR, Talent, Time Management, Benefits and Payroll.  Informed by data and designed for people.  Learn more at ADP.com

ADP, the ADP logo, Always Designing for People and the ADP Research Institute are registered trademarks of ADP, Inc.  All other marks are the property of their respective owners.

Copyright © 2021 ADP, Inc.  All rights reserved.

 

1 Including 14 industries (cf. report methodology)
2 Including public administration

SOURCE ADP, Inc.

CO(2) Utilization Will Be a $550 Billion Market by 2040

BOSTON, Feb. 18, 2021 /PRNewswire/ — The global market size for CO2 utilization will reach a market value of $70 billion by 2030, increasing to $550 billion by 2040. In its newest report, «<a target="_blank"…

BOSTON, Feb. 18, 2021 /PRNewswire/ — The global market size for CO2 utilization will reach a market value of $70 billion by 2030, increasing to $550 billion by 2040. In its newest report, «CO2 Capture & Utilization: The Emergence of a Carbon Economy,» Lux Research, a global provider of tech-enabled research and advisory services, forecasts the adoption of CO2 utilization in the buildings, chemicals, materials, fuels, and food sectors.

Despite unprecedented action against climate change over the past decade, global emissions witnessed steady growth and only fell in 2020 due to the coronavirus pandemic. All projections have emissions returning to their upward trajectory unless drastic measures are taken across the entire energy system. While CO2 is a significant contributor to climate change, interest in a potential carbon economy is growing from governments, industry, and the investment community. Carbon capture and utilization remains a crucial technology to not only remove but even recycle CO2 from the atmosphere.

CO2 can convert into six types of products: building materials, chemicals, carbon additives, fuels, polymers, and proteins. «The projected growth will be driven by the building materials sector. For example, CO2 can be used to produce aggregates to mix with cement or injected directly into wet concrete for curing,» explains Runeel Daliah, Analyst at Lux Research and the lead author of the report. «Building materials will become the largest sector for CO2 utilization, capturing 86% of the total market value by 2040. Technologies for CO2 utilization in the building industry have low technical barriers – adoption will only be impeded by regulatory constraints.»

«Fuels, chemicals, and carbon additives provide vast potential for CO2 utilization, but it will not be reached without extensive innovation or regulatory support for widespread adoption,» adds Daliah. «The polymers and protein sectors will remain niche applications of CO2 utilization despite the expected success of the technology in these sectors. Successful deployment for polymers remains small, while CO2 utilization for proteins is still in the development stage, with adoption driven by the rising demand for alternative proteins.»

Lux’s new report shows the vast promise CO2 capture and utilization holds for recycling CO2 emissions into valuable products. For more information on this research, download the report Executive Summary.

Media Contact:
Jessica Bonner
617-502-5319

 

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SOURCE Lux Research

Spanish Broadcasting System, Inc. Announces Completion Of Recapitalization

MIAMI, Feb. 18, 2021 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (the «Company», «we», «us», or «SBS») announced today the completion of its recapitalization and the closing of its previously announced offering of $310 million in aggregate principal amount of its senior secured notes due 2026 (the «Notes»).

<img id="prnejpgd3c5left" title="Spanish Broadcasting…

MIAMI, Feb. 18, 2021 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (the «Company», «we», «us», or «SBS») announced today the completion of its recapitalization and the closing of its previously announced offering of $310 million in aggregate principal amount of its senior secured notes due 2026 (the «Notes»).

Spanish Broadcasting System Inc. logo.

The Company used the net proceeds of this offering along with cash on hand (i) to repay its 12.5% senior secured notes due 2017, (ii) along with certain other consideration, to repurchase and/or redeem all of its outstanding 10 3/4% Series B cumulative exchangeable redeemable preferred stock (the «Series B Preferred Stock») and (iii) to pay related fees and expenses. 

In connection with the closing and the completion of its recapitalization, the Company formally settled certain litigation relating to the Series B Preferred Stock that was pending in the Delaware Court of Chancery.

«SBS is pleased to have executed on this recapitalization,» stated Raúl Alarcón, Chairman and Chief Executive Officer of SBS.

«Looking forward, we are uniquely positioned to continue the successful expansion of our Latino entertainment platform and the industry-leading operating margins, ratings performance and aggregate audience growth of our audio, video, digital and experiential business units. Our commitment to the Hispanic market remains, as it has for nearly four decades, unwavering. We will continue serving Hispanics nationwide – as well as the advertisers that target their dynamic purchasing power and growing social, cultural and political influence,» added Alarcón.

The Notes and the related guarantees were offered in the United States to persons reasonably believed to be «qualified institutional buyers» pursuant to Rule 144A under the Securities Act of 1933, as amended (the «Securities Act»), and to persons outside of the United States in compliance with Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

Advisors

Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisor to the Company.

RBC Capital Markets, LLC («RBC») acted as financial advisor to the Company. RBC was represented by Latham & Watkins LLP.

Important Information

This press release is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful. This press release does not constitute a redemption notice for the Series B Preferred Stock and is not an offer to purchase or a solicitation of an offer to sell the Series B Preferred Stock.

About Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. (SBS) owns and operates radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, airing the Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and Urbano format genres. SBS also operates AIRE Radio Networks, a national radio platform of over 290 affiliated stations reaching 95% of the U.S. Hispanic audience. SBS also owns MegaTV, a network television operation with over-the-air, cable and satellite distribution and affiliates throughout the U.S. and Puerto Rico, produces a nationwide roster of live concerts and events, and owns a stable of digital properties, including La Musica, a mobile app providing Latino-focused audio and video streaming content and HitzMaker, a new-talent destination for aspiring artists. For more information, visit us online at www.spanishbroadcasting.com.

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. In some cases, you can identify forward-looking statements by the words «anticipate,» «believe,» «continue,» «could,» «estimate,» «expect,» «intend,» «may,» «might,» «objective,» «ongoing,» «plan,» «predict,» «project,» «potential,» «should,» «will,» or «would,» and/or the negative of these terms, or other comparable terminology intended to identify statements about the future. They appear in this press release and include statements regarding our intentions, beliefs or current expectations. These statements, by their nature, involve substantial risks and uncertainties, certain of which are beyond our control, and actual results may differ materially depending on a variety of important factors, including, but not limited to, our substantial indebtedness and high leverage, our highly competitive industry, our ongoing response to the COVID-19 pandemic, our dependency on revenue and operating income from a limited number of markets, unpredictability of sales in the advertising industry, our ability to attract listeners, viewers and advertisers to our broadcast radio and television operations, the popularity and appeal of our content, our ability to maintain and renew distribution agreements, impact from tax reform and any new tax legislation, our ability to respond to rapid changes in technology, content creation, services and standards, our ability to protect our business from cybersecurity risks, performance of key employees, on-air talent and program hosts, reputational damage to our brands and legal or governmental proceedings and regulatory and other legislative compliance, including compliance with the Federal Communications Commission. All forward-looking statements made herein are qualified by these cautionary statements and risk factors and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. We do not have any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances.

Contacts:
Analysts and Investors
José I. Molina
Chief Financial Officer
(305) 441-6901

Logo – https://mma.prnewswire.com/media/460768/spanish_broadcasting_system_inc__logo.jpg  

SOURCE Spanish Broadcasting System, Inc.

Voto Latino and Media Matters for America Launch $22 Million Latino Anti-Disinformation Lab

WASHINGTON, Feb. 18, 2021 /PRNewswire-HISPANIC PR WIRE/ — In response to the threat of mis- and disinformation on democracy and public health, Voto Latino, the largest Latinx voter registration organization in the U.S., and Media Matters for America, the nation’s premier media watchdog organization, are announcing the launch of the Latino Anti-Disinformation Lab. The collaborative effort will work to better understand and strategically combat misinformation at all stages and on all mediums,…

WASHINGTON, Feb. 18, 2021 /PRNewswire-HISPANIC PR WIRE/ — In response to the threat of mis- and disinformation on democracy and public health, Voto Latino, the largest Latinx voter registration organization in the U.S., and Media Matters for America, the nation’s premier media watchdog organization, are announcing the launch of the Latino Anti-Disinformation Lab. The collaborative effort will work to better understand and strategically combat misinformation at all stages and on all mediums, seeking primarily to influence Latinx individuals.

The Latino Anti-Disinformation Lab will be chaired by Voto Latino co-founding President and CEO María Teresa Kumar, Media Matters for America President and CEO Angelo Carusone and former Democratic National Committee Chairman Tom Perez. It will, for the first time, establish the systems and network necessary to help combat mis- and disinformation that further polarizes and isolates Latinx voters.

The need for this initiative is clear. In the months leading up to the 2020 general election, voters were subject to higher levels of mis- and disinformation than ever before. Spanish and English language voter fraud misinformation, fear mongering tactics, and disinformation about COVID-19 spread throughout the media and on mainstream social platforms like Twitter, Facebook, Whatsapp, YouTube, and other online communities. This included a significant increase in false information targeting communities of color, disproportionately impacting Spanish-speaking audiences over the age of 40.

«For decades, disinformation has been a weapon that corrupt governments in failing states use against their own people,» said Voto Latino’s Maria Teresa Kumar. «But now that same weapon is aimed at the most vulnerable in the United States, exploiting some officials’ moral weakness and social media’s deliberate lawlessness to sow greater distrust of our critical institutions than ever before. The spread of lies around the COVID vaccine is proof positive that disinformation has become a life and death issue if not curbed and addressed.»

The Latino Anti-Disinformation Lab is the largest investment in combatting disinformation in Latinx communities to date. It will combine Media Matters’ media intelligence and disinformation expertise with Voto Latino’s deep knowledge of Latinx communities and digital-first savviness to inoculate impacted audiences across all mediums against targeted misinformation. As part of this effort, Media Matters will expand its monitoring of Spanish-language media and online communities, which a dedicated team will analyze to produce research that will catalyze strategic communications actions for Voto Latino. Voto Latino will invest heavily in data and infrastructure needed to effectively identify and communicate with at-risk Latinx voters.

«Whether its public health, political campaigns or policy  debates – the way the media approaches the issue will greatly influence the outcome,» said Media Matters President Angelo Carusone. «The right-wing sphere has spent years building a misinformation machine to target the Latinx community, which has resulted in a rising tide of disinformation. Despite how overwhelming it may seem, it is both possible and absolutely necessary to confront misinformation head on. This partnership will provide an essential check on that rising tide of disinformation.»

In addition to Media Matters and Voto Latino, former DNC Chairman Tom Perez, the son of first-generation immigrants from the Dominican Republic, will lend his voice and support to the effort to combat misleading information targeting the Latinx community.

«Misinformation targeting the Latino community is a very real and growing threat. We’ve got to address this threat head on with a substantial, focused, and concerted effort. That’s why I am so excited to be a part of this Voto Latino/Media Matters partnership. It leverages Media Matters’ unique capacities and expertise at media monitoring and research with Voto Latino’s extraordinary organizing and strategic communications capabilities,» added Tom Perez. This is the kind of lasting investment in communications infrastructure within the Latino community that is necessary to respond to the threat of misinformation as well as harness durable political and civic power.»

Voto Latino is a grassroots political organization focused on educating and empowering a new generation of Latinx voters, as well as creating a more robust and inclusive democracy. Through innovative digital campaigns, culturally relevant programs and authentic voices, we shepherd the Latinx community towards the full realization of its political power.

Media Matters for America is a nonprofit media watchdog dedicated to monitoring and exposing conservative misinformation. Through real-time monitoring, comprehensive research and analysis, and rapid response work, Media Matters combats lies, propaganda, and extremism to ensure that all Americans have access to truthful information.

CONTACT:
Danny Friedman, dfriedman@votolatino.org
Laura Keiter, LKeiter@mediamatters.org

Logo – https://mma.prnewswire.com/media/1278486/Voto_Latino_Logo.jpg
Logo – https://mma.prnewswire.com/media/1440530/Media_Matters_Logo.jpg

SOURCE Voto Latino

Johnson Controls to present at Baird’s 2021 Sustainability Conference

CORK, Ireland, Feb. 18, 2021 /PRNewswire/ — Johnson Controls (NYSE: JCI) Chairman and Chief Executive Officer George Oliver, and Vice President and Chief Sustainability, Government and Regulatory Affairs Officer Katie McGinty will speak at Baird’s…

CORK, Ireland, Feb. 18, 2021 /PRNewswire/ — Johnson Controls (NYSE: JCI) Chairman and Chief Executive Officer George Oliver, and Vice President and Chief Sustainability, Government and Regulatory Affairs Officer Katie McGinty will speak at Baird’s 2021 Sustainability Conference held virtually on Wednesday, Feb. 24, 2021 at 1:50 p.m. EST.  A live webcast of each presentation will be available on the company’s website at: http://investors.johnsoncontrols.com/news-and-events/events-and-presentations.

About Johnson Controls:

At Johnson Controls, we transform the environments where people live, work, learn and play. From optimizing building performance to improving safety and enhancing comfort, we drive the outcomes that matter most. We deliver our promise in industries such as healthcare, education, data centers and manufacturing. With a global team of 100,000 experts in more than 150 countries and over 130 years of innovation, we are the power behind our customers’ mission. Our leading portfolio of building technology and solutions includes some of the most trusted names in the industry, such as Tyco®, York®, Metasys®, Ruskin®, Titus®, Frick®, Penn®, Sabroe®, Simplex®, Ansul® and Grinnell®. For more information, visit www.johnsoncontrols.com or follow us @johnsoncontrols on Twitter.

INVESTOR CONTACTS:                            

MEDIA CONTACTS:

Antonella Franzen
Direct: 609.720.4665
Email: antonella.franzen@jci.com          

Chaz Bickers
Direct: 224.307.0655
Email: charles.norman.bickers@jci.com         

Ryan Edelman
Direct: 609.720.4545
Email: ryan.edelman@jci.com

Michael Isaac
Direct: +41.52.6330374
Email: michael.isaac@jci.com

 

Johnson Controls Logo. (PRNewsFoto/JOHNSON CONTROLS, INC.) (PRNewsFoto/)

 

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SOURCE Johnson Controls International plc

Federal Signal Completes Acquisition of OSW Equipment & Repair, LLC

OAK BROOK, Ill., Feb. 18, 2021 /PRNewswire/ — Federal Signal Corporation (NYSE: FSS) («the Company»), a leader in environmental and safety solutions, today announced the completion of the acquisition of OSW Equipment and Repair, LLC («OSW») for cash consideration of $52.5 million.

OSW is a leading manufacturer of dump truck bodies and custom upfitter of truck equipment and trailers, and is headquartered in Snohomish, Washington,…

OAK BROOK, Ill., Feb. 18, 2021 /PRNewswire/ — Federal Signal Corporation (NYSE: FSS) («the Company»), a leader in environmental and safety solutions, today announced the completion of the acquisition of OSW Equipment and Repair, LLC («OSW») for cash consideration of $52.5 million.

OSW is a leading manufacturer of dump truck bodies and custom upfitter of truck equipment and trailers, and is headquartered in Snohomish, Washington, with an upfitting location in Tempe, Arizona. The acquisition also includes the operations of Northend Truck Equipment («NTE»), which are co-located with OSW, and Western Truck Body («WTB»), based in Edmonton, Canada. Both NTE and WTB are wholly owned subsidiaries of OSW.

«Since acquiring TBEI, the geographic expansion of our existing platform of market-leading dump bodies and trailers has been a strategic objective,» said Jennifer L. Sherman, President and Chief Executive Officer. «The acquisition of OSW represents a highly strategic transaction, adding three premier brands that serve attractive infrastructure, construction and other industrial end-markets on the West Coast, in Arizona and in parts of Canada

«I have been a long-time admirer of OSW and the strength of its brands», said Robert E. Fines, Vice President and General Manager, Truck Bodies and Equipment International. «The acquisition provides considerable opportunity for long-term value creation through operational improvement initiatives, organic growth and additional acquisitions.»

About Federal Signal
Federal Signal Corporation (NYSE: FSS) builds and delivers equipment of unmatched quality that moves material, cleans infrastructure, and protects the communities where we work and live. Founded in 1901, Federal Signal is a leading global designer, manufacturer and supplier of products and total solutions that serve municipal, governmental, industrial and commercial customers. Headquartered in Oak Brook, Ill., with manufacturing facilities worldwide, the Company operates two groups: Environmental Solutions and Safety and Security Systems. For more information on Federal Signal, visit: www.federalsignal.com.

«Safe Harbor» Statement under the Private Securities Litigation Reform Act of 1995
This release contains unaudited financial information and various forward-looking statements as of the date hereof and we undertake no obligation to update these forward-looking statements regardless of new developments or otherwise. Statements in this release that are not historical are forward-looking statements. Such statements are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Such risks and uncertainties include but are not limited to: direct and indirect impacts of the coronavirus pandemic and the associated government response, economic conditions in various regions, product and price competition, supply chain disruptions, work stoppages, availability and pricing of raw materials, risks associated with acquisitions such as integration of operations and achieving anticipated revenue and cost benefits, foreign currency exchange rate changes, interest rate changes, increased legal expenses and litigation results, legal and regulatory developments and other risks and uncertainties described in filings with the Securities and Exchange Commission.

Federal Signal Corporation Logo. (PRNewsFoto/Federal Signal Corporation)

 

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SOURCE Federal Signal Corporation

Spanish Broadcasting System, Inc. Announces Completion Of Recapitalization

MIAMI, Feb. 18, 2021 /PRNewswire/ — Spanish Broadcasting System, Inc. (the «Company», «we», «us», or «SBS») announced today the completion of its recapitalization and the closing of its previously announced offering of $310 million in aggregate principal amount of its senior secured notes due 2026 (the «Notes»).

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MIAMI, Feb. 18, 2021 /PRNewswire/ — Spanish Broadcasting System, Inc. (the «Company», «we», «us», or «SBS») announced today the completion of its recapitalization and the closing of its previously announced offering of $310 million in aggregate principal amount of its senior secured notes due 2026 (the «Notes»).

The Company used the net proceeds of this offering along with cash on hand (i) to repay its 12.5% senior secured notes due 2017, (ii) along with certain other consideration, to repurchase and/or redeem all of its outstanding 10 3/4% Series B cumulative exchangeable redeemable preferred stock (the «Series B Preferred Stock») and (iii) to pay related fees and expenses. 

In connection with the closing and the completion of its recapitalization, the Company formally settled certain litigation relating to the Series B Preferred Stock that was pending in the Delaware Court of Chancery.

«SBS is pleased to have executed on this recapitalization,» stated Raúl Alarcón, Chairman and Chief Executive Officer of SBS.

«Looking forward, we are uniquely positioned to continue the successful expansion of our Latino entertainment platform and the industry-leading operating margins, ratings performance and aggregate audience growth of our audio, video, digital and experiential business units. Our commitment to the Hispanic market remains, as it has for nearly four decades, unwavering. We will continue serving Hispanics nationwide – as well as the advertisers that target their dynamic purchasing power and growing social, cultural and political influence,» added Alarcón.

The Notes and the related guarantees were offered in the United States to persons reasonably believed to be «qualified institutional buyers» pursuant to Rule 144A under the Securities Act of 1933, as amended (the «Securities Act»), and to persons outside of the United States in compliance with Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

Advisors

Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisor to the Company.

RBC Capital Markets, LLC («RBC») acted as financial advisor to the Company. RBC was represented by Latham & Watkins LLP.

Important Information

This press release is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful. This press release does not constitute a redemption notice for the Series B Preferred Stock and is not an offer to purchase or a solicitation of an offer to sell the Series B Preferred Stock.

About Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. (SBS) owns and operates radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, airing the Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and Urbano format genres. SBS also operates AIRE Radio Networks, a national radio platform of over 290 affiliated stations reaching 95% of the U.S. Hispanic audience. SBS also owns MegaTV, a network television operation with over-the-air, cable and satellite distribution and affiliates throughout the U.S. and Puerto Rico, produces a nationwide roster of live concerts and events, and owns a stable of digital properties, including La Musica, a mobile app providing Latino-focused audio and video streaming content and HitzMaker, a new-talent destination for aspiring artists. For more information, visit us online at www.spanishbroadcasting.com.

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. In some cases, you can identify forward-looking statements by the words «anticipate,» «believe,» «continue,» «could,» «estimate,» «expect,» «intend,» «may,» «might,» «objective,» «ongoing,» «plan,» «predict,» «project,» «potential,» «should,» «will,» or «would,» and/or the negative of these terms, or other comparable terminology intended to identify statements about the future. They appear in this press release and include statements regarding our intentions, beliefs or current expectations. These statements, by their nature, involve substantial risks and uncertainties, certain of which are beyond our control, and actual results may differ materially depending on a variety of important factors, including, but not limited to, our substantial indebtedness and high leverage, our highly competitive industry, our ongoing response to the COVID-19 pandemic, our dependency on revenue and operating income from a limited number of markets, unpredictability of sales in the advertising industry, our ability to attract listeners, viewers and advertisers to our broadcast radio and television operations, the popularity and appeal of our content, our ability to maintain and renew distribution agreements, impact from tax reform and any new tax legislation, our ability to respond to rapid changes in technology, content creation, services and standards, our ability to protect our business from cybersecurity risks, performance of key employees, on-air talent and program hosts, reputational damage to our brands and legal or governmental proceedings and regulatory and other legislative compliance, including compliance with the Federal Communications Commission. All forward-looking statements made herein are qualified by these cautionary statements and risk factors and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. We do not have any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances.

Contacts:
Analysts and Investors
José I. Molina
Chief Financial Officer
(305) 441-6901

 

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SOURCE Spanish Broadcasting System, Inc.