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Enforced Changes in Education Systems Give Rise to Online Solutions

NEW YORK, Dec. 21, 2020 /PRNewswire/ — The idea to transition a major portion of the education system online has been flirted with for years, as more and more online curriculums were slowly introduced in universities across the world. But, due to the pandemic and the social restriction that followed, online education, both from traditional and alternative learning institutions, has become a crucial part of the education system. For example, online classes in Brown University have allowed students studying abroad and faculty conducting research outside of Providence to continue teaching at the University. «With today’s normalization of online education, Brown can reach more audiences, including a larger pool of pre-college students and graduate students, as the University had begun to explore before the pandemic,» according to The Brown Daily Herald. Meten EdtechX Education Group Ltd. (NASDAQ: METX), Arco Platform Limited (NASDAQ: ARCE), Laureate Education, Inc. (NASDAQ: LAUR), New Oriental Education & Technology Group Inc. (NYSE: EDU), American Public Education, Inc. (NASDAQ: APEI).

Besides the pandemic and its implications, the other major factors driving the growth of academic e-learning market size in the long-term are increasing higher education e-Learning enrollments and the launch of new online degrees. Online learning is also structured to save time and opens several doors to immersive learning. Instead of being passive, learners can choose what they need to learn quickly and easily, from wherever they are. And, according to data provided by Valuates Reports, the academic e-learning market size was valued at USD 103.8 Billion in 2019 and is expected to grow CAGR 11.23% by 2025.

Meten EdtechX Education Group Ltd. (NASDAQ: METX) just announced breaking news regarding a «strong recovery of its junior ELT business. Gross billings and students enrollments of its junior ELT business in October and November 2020 both exceeded the corresponding period in 2019.

«The Company’s junior ELT business continued to maintain its strong performance after the COVID-19 pandemic in China. From January to November 2020, the cumulative gross billings of the junior ELT business have recovered to approximately 76% of the same period in 2019. Moreover, the gross billings of junior ELT business in October and November increased by approximately 49% and 17%, respectively, compared to the same period last year, showing a positive step to profitability.

«The renewal and referral income from existing students accounted for approximately 60% of the gross billings, demonstrating the value of the junior ELT in terms of teaching quality, brand reputation and relatively low-cost customer acquisition channels. At the same time, the student enrollment has also recovered month by month with the gradual reopening of offline learning centers. The cumulative new student enrollment from January to November 2020 has recovered to approximately 71% of the same period last year, and the student enrollment in October and November 2020 has increased by approximately 46% and 24%, respectively, compared to the same period of last year. The overall expansion of student enrollment is in line with the Company’s expectation.

«In addition to the continuous development of its existing business, the Company also plans to expand market coverage of its junior ELT business so as to explore the potentials or opportunities in the field of K-12 education service. Currently, the Company has launched Chinese and mathematics projects for the first time at its independent junior learning centers in Foshan, Guangdong Province, and Nanchang, Jiangxi Province, and these projects are progressing smoothly.»

For our latest «Buzz on the Street» Show featuring Meten EdtechX Education Group Ltd., recent corporate news, please head over to: https://www.youtube.com/watch?v=ewjxOJO4jW0

Arco Platform Limited (NASDAQ: ARCE) announced back in September that it has acquired 100% of Studos Software Ltda., or Studos, a technology provider for personalized student assessment, data-based academic performance diagnostics and AI-powered adaptive learning and test prep. «This acquisition is part of our strategy to acquire technology companies that increase the value of our learning systems to partner schools and parents, improve student’s academic performance and enable teachers to thrive. We believe Studos has the potential to further enhance our solutions by delivering proprietary technology and content at scale. Additionally, Studos’s highly talented founders, Leonardo Prates and Wilson Fernandes, and its 23 people team will play a leading role in pioneering innovative technology at Arco,» said Ari de Sá Neto, CEO and founder of Arco.

Laureate Education, Inc. (NASDAQ: LAUR) announced in September that it has closed on the previously announced sale of INTI Education Holdings Sdn. Bhd. and its subsidiaries (INTI Education Group), a group of higher education institutions in Malaysia, to HOPE Education Group (Hong Kong) Company Limited. HOPE Education Group (Hong Kong) Company Limited is an established operator of higher education institutions, including universities and vocational colleges. The total transaction value was US$140 million. Laureate’s net proceeds from the transaction are estimated to be approximately US$120 million after a US$14 million payment to a minority equity shareholder and other fees. President and Chief Executive Officer of Laureate, Eilif Serck-Hanssen, said: «We wish INTI Education Group well, as the institutions continue to provide their students with quality learning experiences and outcomes under the stewardship of HOPE Education Group.»

New Oriental Education & Technology Group Inc. (NYSE: EDU) provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence. New Oriental offers a wide range of educational programs, services and products consisting primarily of language training and test preparation, primary and secondary school education, online education, content development and distribution, overseas study consulting services, pre-school education and study tour. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People’s Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

American Public Education, Inc. (NASDAQ: APEI), parent company of online learning provider American Public University System, announced back in October that it has entered into a definitive agreement to acquire Rasmussen University («Rasmussen»), a nursing- and health sciences-focused institution serving over 18,000 students at its 24 campuses across six states and online. Rasmussen offers both traditional and competency-based programs online and through its 24 on-ground campuses in six states. With over 8,200 nursing students, Rasmussen is one of the largest providers of pre-licensure nursing programs in the United States.

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Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the ‘Site’) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. FinancialBuzz.com has not been compensated directly by any of the companies mentioned here in this editorial unless mentioned otherwise. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For meten edtechx education group ltd video production, filming editing, news reporting, financial and corporate news dissemination, FinancialBuzz.com has signed a four-month agreement with the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com has agreed to three hundred thousand common and restricted shares locked up for six months, FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com.

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5 consejos de USAGov en Español para este fin de año 2020

WASHINGTON, 21 de diciembre de 2020 /PRNewswire-HISPANIC PR WIRE/ — Este 2020 ha sido diferente a cualquier otro y también lo son las festividades de fin de año. La mayoría de las personas en Estados Unidos y el mundo entero han tenido que adaptarse a distintas modalidades de trabajo, diferentes formas de hacer sus compras y encontrar maneras alternativas de contactarse con sus seres queridos. En <a target="_blank"…

Siga los protocolos de seguridad oficiales del Gobierno. Manténgase a salvo y cuide a su familia tomando las medidas decretadas para prevenir la propagación del COVID-19 y de la influenza estacional. Lávese las manos con frecuencia, use mascarilla y mantenga una distancia de seis pies de otras personas cuando esté en espacios públicos. Obtenga información actualizada y consejos de los expertos de los CDC.

Tenga cuidado con las estafas. Los estafadores se aprovechan de las personas que se encuentran en situaciones vulnerables e intentan obtener su dinero o información personal de cualquier forma que puedan. Entre las estafas más comunes de 2020 están las relacionadas con el coronavirus, los trámites migratorios y el robo de identidad. Esté atento a las señales de alerta y reporte las estafas a la Comisión Federal de Comercio (FTC, sigla en inglés).

Mantenga la seguridad de los alimentos durante las festividades. ¿Está pensando en preparar recetas familiares u ofrecerse como voluntario en un banco de alimentos local? Obtenga las últimas noticias, alertas y consejos para manipular, cocinar y almacenar alimentos de manera segura en Foodsafety.gov.

Infórmese sobre los últimos productos retirados del mercado. En estas fechas en que las familias y los amigos se conectan, preparan comidas especiales e intercambian regalos es importante tomar algunas precauciones básicas para la seguridad de todos. Sepa qué productos de consumo están siendo retirados del mercado por agencias gubernamentales y obtenga la información más reciente (en inglés) sobre el retiro de alimentos y medicamentos en el país.

Pida ayuda si la necesita. Las festividades de fin de año podrían ser más difíciles que nunca este 2020. Si usted o un ser querido está preocupado por su salud mental, busque ayuda.

Puede obtener ayuda de inmediato, y en español, a través de estas líneas de ayuda y recursos oficiales del Instituto Nacional de Salud Mental y otras organizaciones:

Si está en una situación de emergencia marque el 911
Red Nacional de Prevención del Suicidio: Llame al 1-888-628-9454
Para obtener información sobre tratamientos, llame a la Administración de Servicios de Abuso de Sustancias y Salud Mental al 1-800-662-4357.
Si necesita apoyo luego de un desastre o emergencia llame al 1-800-985-5990

USAGov en Español es parte de USAGov, un programa federal que lo conecta a la información y los servicios de las agencias, los departamentos y programas del Gobierno de Estados Unidos. USAGov lo ayuda a encontrar respuestas a sus preguntas en inglés y español. Contáctenos por teléfono, o a través de las redes sociales en Facebook o Twitter.

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FUENTE USA.gov en español

For Soccer Ventures (FSV) Makes Major Push In Hispanic Engagement With the Acquisition of Alianza de Futbol and JUGOtv

PHILADELPHIA, Dec. 21, 2020 /PRNewswire-PRWeb/ — For Soccer Ventures (FSV), an organization focused on the growth and long-term development of American soccer, today announced it has completed the acquisition of Alianza de Futbol and JUGOtv, groundbreaking Hispanic soccer companies engaging with and offering opportunities for the underserved Hispanic soccer community in the U.S.

For nearly two decades, Alianza de Futbol implements identification programs, coaching clinics, and tournaments in…

For nearly two decades, Alianza de Futbol implements identification programs, coaching clinics, and tournaments in Hispanic communities throughout the U.S. that have historically existed outside of the traditional structure of American soccer. These programs have offered the opportunity for participation to male and female players, and led to the identification of dozens of future professional players such as Mexico’s National Team player Jonathan González. JUGOtv has operated as the content studio and social media arm of Alianza de Futbol, featuring one of the premier American Hispanic social channels.

«As we set about our mission to transform soccer in America, we began identifying the entities and the stakeholders who’d been doing it successfully for years. Alianza de Futbol and JUGOtv are the benchmarks for creating a more inclusive American soccer community,» FSV founder and Philadelphia Union investor Richie Graham said. «As part of FSV, we hope to bring these organizations closer to the fold with our partners, offering even greater opportunities for Hispanic soccer players in the U.S. and establishing a richer and more robust soccer community for everyone.»

Founded in 2004 by Richard Copeland and Brad Rothenberg, the son of former US Soccer Federation President and 1994 FIFA World Cup organizer Alan Rothenberg, Alianza de Futbol has been a one-of-a-kind opportunity for male and female soccer players outside of the traditional club system in the U.S. Since the program’s launch, players have come from 46 states and more than one thousand U.S. cities, connecting over 3.2 million hispanic families to the Alianza de Futbol community. Additionally, over seventy seven alumni have gone on to play professionally and twenty three have received youth national team invitations.

Working with commercial partners, Alianza de Futbol hosts weekend long activations in Hispanic communities throughout the country that feature tournaments for youth and adults and identification programs for players hoping to take the next step in their career, all at little to no cost. Guest appearances from legends of the game such as Carlos ‘Pibe» Valderrama and Jorge Campos, brand activations, and more round out an experience that often draws more than a quarter of a million attendees per year.

As part of the FSV portfolio, Alianza de Futbol and JUGOtv will leverage relationships with organizations such as Major League Soccer and US Soccer Federation to expand opportunities for its participants.

«We’re beyond excited to join the FSV team,» said Joaquin Escoto, Managing Director of Alianza de Futbol. «The future of soccer in America is so bright, and we’re thrilled to be joining FSV on their mission to ensure all communities are part of that future. FSV are the perfect partners to help amplify our impact in bringing the Hispanic community closer to the most important organizations in American soccer.»

Additionally, FSV’s unrivaled creative, American soccer storytelling and strategic capabilities will provide Alianza de Futbol a greater platform to evangelize their transformative work in grassroots soccer, while also connecting them to new brands and advertising agencies.

New initiatives that expand upon Alianza de Futbol, both on-and-off the field, will be announced by FSV in the forthcoming months.

About For Soccer Ventures

Launched in November 2019, FSV encompasses Rich Graham’s investments and philanthropic efforts in soccer, which currently represent a commitment in excess of $50 million. Uniquely positioned within the industry, the company’s mission is to advance soccer in the US, both on and off the field. This is achieved through a host of capabilities and properties aimed at putting the fan and player first. FSV’s current properties and investments include Major League Soccer’s Philadelphia Union, YSC Academy, YSC Sports, APL Leagues and Tournaments, Best Soccer Show Podcast, Orange Slices Podcast, and the FSV Soccer Influencer Network. FSV is also home to a new media house, leading a collaborative movement to connect brands and platforms to the diverse American soccer community through immersive storytelling, activations and strategic services.

For more information, please visit forsoccer.com.

Media Contact

Jerry Milani, JMPR, +1 9735660870, jerry@Jerrymilani.com

SOURCE For Soccer Ventures

FIBRA Prologis Anuncia la Adquisición de Dos Edificios Clase A de 797,786 pies cuadrados, con certificación Leed

CIUDAD DE MÉXICO, 21 de diciembre de 2020 /PRNewswire-HISPANIC PR WIRE/ — FIBRA Prologis (BMV: FIBRAPL 14) uno de los fideicomisos de inversión en bienes raíces líder en inversión y administración de inmuebles clase A en México, anunció hoy la adquisición de dos propiedades a terceros, por 797,786 pies de espacio industrial por un monto total de US$54.4 millones, incluyendo costos de cierre y mejoras de capital. Las dos propiedades estabilizadas y recién desarrolladas por Prologis, están ubicadas una en Monterrey, que tiene certificación Leed Plata, y la otra en Cd. Juarez, que tiene certificación Leed Oro. Ambas propiedades están rentadas a empresas multinacionales en las áreas de equipos para el hogar y la industria electrónica, respectivamente.

«Estas propiedades totalmente rentadas aumentan nuestra presencia en los parques de Prologis Park Apodaca y Juarez Centro Industrial». dijo Luis Gutiérrez, Director General de Prologis México. «Estas propiedades están ubicadas en los sub-mercados más dinámicos dentro de Monterrey y Ciudad Juárez, y demuestran la importancia de demanda de espacio dedicado al «nearshoring» en México».

PERFIL DE FIBRA PROLOGIS

FIBRA Prologis es uno de los fideicomisos de inversión en bienes raíces líder en inversión y administración de inmuebles industriales clase A en México. Al 30 de septiembre de 2020, FIBRA Prologis consistía de 201 inmuebles destinados a logística y manufactura ubicados en seis mercados industriales en México, con una Área Rentable Bruta total de 39.0 millones de pies cuadrados (3.6 millones de metros cuadrados).

DECLARACIONES SOBRE HECHOS FUTUROS

Este comunicado contiene algunas declaraciones sobre hechos futuros. Dichas declaraciones están basadas en expectativas actuales, estimaciones y proyecciones de la industria y los mercados en los cuales FIBRA Prologis opera, así como en creencias y suposiciones derivadas del Administrador de FIBRA Prologis. Dichas declaraciones implican incertidumbres que pudieren llegar afectar significativamente los resultados financieros de FIBRA Prologis. Palabras como «espera», «anticipa», «intenta», «planea», «cree», «busca», «estima» o variaciones de las mismas y expresiones similares tienen la intención de identificar dichas declaraciones sobre hechos futuros, que por lo general no son de naturaleza histórica. Todas las declaraciones en relación con el rendimiento operacional, eventos o desarrollos que esperamos o anticipamos que ocurran en el futuro, incluyendo, declaraciones relacionadas con renta y crecimiento ocupacional, actividades de desarrollo y cambios en las ventas o en el volumen de propiedades a ser aportadas, enajenaciones, condiciones generales en las áreas geográficas en las que operamos, y nuestra deuda y posición financiera, serán consideradas declaraciones sobre hechos futuros. Estas declaraciones no garantizan un rendimiento futuro e implican ciertos riesgos, incertidumbres y supuestos que son difíciles de predecir. No obstante que creemos que las estimaciones contenidas en cualquier declaración sobre hechos futuros están basadas en suposiciones razonables, no podemos asegurar que nuestras expectativas se cumplirán y por lo tanto los resultados reales podrían diferir materialmente de lo expresado o previsto en dicha declaración. Algunos de los factores que pudieren llegar afectar dichas resultados incluyen, pero no se limitan, a: (i) la situación económica internacional, regional y local, (ii) los cambios en los mercados financieros, tasas de interés y tipos de cambio de moneda extranjera, (iii) aumento en, o surgimiento de, competencia respecto de nuestras propiedades, (iv) los riesgos asociados con adquisiciones, enajenación y desarrollo de propiedades, (v) el mantenimiento del régimen y estructura fiscal de un fideicomiso de inversión en bienes raíces, (vi) la disponibilidad de financiamiento y capital, los niveles de endeudamiento que mantengamos y nuestras calificaciones, (vii) los riesgos relacionados con nuestras inversiones, (viii) incertidumbres ambientales, incluyendo los riesgos de desastres naturales, y (ix) los factores de riesgo adicionales discutidos en los comunicados, informes, reportes, prospectos y suplementos presentados ante la Comisión Nacional Bancaria y de Valores y la Bolsa Mexicana de Valores, S.A.B. de C.V., por FIBRA Prologis, bajo el rubro «Factores de Riesgo». Ni Prologis ni FIBRA Prologis asumen obligación alguna de actualizar las declaraciones sobre hechos futuros que aparecen en este comunicado.

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FUENTE FIBRA Prologis

FIBRA Prologis Acquires 797,786 Square Feet of LEED Certified Class-A Space

MEXICO CITY, Dec. 21, 2020 /PRNewswire-HISPANIC PR WIRE/ — FIBRA Prologis (BMV: FIBRAPL14), a leading owner and operator of Class-A industrial real estate in Mexico, today announced the acquisition of two properties totaling 797,786 square feet of industrial space for a total investment of US$54.4 million, including closing costs. Both properties, located in Monterrey and Ciudad Juarez, were developed by its sponsor, Prologis, and are LEED certified Silver and Gold, respectively. The properties are leased to multinational companies in the home appliance and electronics industries.

«These fully leased properties enhance our ownership at Prologis Park Apodaca and Juarez Industrial Center,» said Luis Gutierrez, CEO, Prologis Mexico. «These properties are in the most desirable sub-markets within Monterrey and Ciudad Juarez, and further evidence that nearshoring is creating demand in Mexico.»

ABOUT FIBRA PROLOGIS

FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico. As of September 30, 2020, FIBRA Prologis was comprised of 201 logistics and manufacturing facilities in six industrial markets in Mexico totaling 39.0 million square feet (3.6 million square meters) of gross leasable area.

FORWARD-LOOKING STATEMENTS

The statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which FIBRA Prologis operates, management’s beliefs and assumptions made by management. Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as «expects,» «anticipates,» «intends,» «plans,» «believes,» «seeks,» «estimates,» variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, acquisition activity, development activity, disposition activity, general conditions in the geographic areas where we operate, our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust («FIBRA») status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments (viii) environmental uncertainties, including risks of natural disasters, (ix) risks related to the coronavirus pandemic, and (x) those additional factors discussed in reports filed with the «Comisión Nacional Bancaria y de Valores» and the Mexican Stock Exchange by FIBRA Prologis under the heading «Risk Factors.» FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release.

Non-Solicitation – Any securities discussed herein or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein or in the presentations, if and as applicable.

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SOURCE FIBRA Prologis

FIBRA Prologis Acquires 797,786 Square Feet of LEED Certified Class-A Space

MEXICO CITY, Dec. 21, 2020 /PRNewswire/ — FIBRA Prologis (BMV: FIBRAPL14), a leading owner and operator of Class-A industrial real estate in Mexico, today announced the acquisition of two properties totaling 797,786 square feet of industrial space for a total investment of US$54.4 million, including closing costs. Both properties, located in Monterrey and Ciudad Juarez, were developed by its sponsor, Prologis, and are LEED certified Silver and Gold, respectively. The properties are leased to multinational companies in the home appliance and electronics industries.

ABOUT FIBRA PROLOGIS

FORWARD-LOOKING STATEMENTS

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SOURCE FIBRA Prologis

Honeywell And Signify Team Up To Deploy Integrated Lighting Solutions To Improve Occupant Experience

ATLANTA and EINDHOVERN, The Netherlands, Dec. 21, 2020 /PRNewswire/ — Honeywell (NYSE: HON), a global leader in connected buildings, and Signify (Euronext: LIGHT), the world leader in lighting, today announced a strategic alliance to deploy integrated, smart lighting solutions for commercial buildings. Together, the companies aim to improve the occupant experience – focusing on productivity and well-being – and to reduce energy consumption.

…

The collaboration integrates Signify’s Interact connected lighting system and software, and its UV-C disinfection lighting, with Honeywell Building Management Systems and the Honeywell Forge enterprise performance management platform. The combined offerings will manage energy consumption while factoring in occupancy along with air quality indicators such as temperature and humidity. Signify’s lighting solutions* will complement Honeywell’s Healthy Buildings air quality solutions beginning in early 2021, and can be controlled, measured and monitored via the Healthy Buildings dashboard to understand air and surface cleaning compliance and metrics.

Signify offers additional elements to improve productivity and well-being. These elements include human-centric lighting, such as NatureConnect, and UV-C disinfection lighting. UV-C breaks down the DNA or RNA of micro-organisms, including viruses and bacteria, rendering them harmless. In laboratory testing, Signify’s UV-C light sources reduced SARS-CoV-2 virus infectivity on a surface to below detectable levels in as few as 9 seconds.¹

Additionally, building owners and operators will be able to better manage lighting systems and energy efficiency with smart LED lighting systems. Lighting represents 17% of all electricity used in U.S. commercial buildings according to the Commercial Buildings Energy Consumption Survey,² making it the largest end use of electricity in buildings. Similar usage rates are seen globally.³

Signify’s connected LED lighting system Interact Office can save up to 70% of the energy used for lighting⁴ and deploying advanced building controls and sensing, like those from Honeywell, can save up to 30% in facility energy costs.⁵

«Increasingly we see lighting systems playing a critical role in buildings to improve occupant comfort, well-being and productivity as well as to help meet energy savings goals. We anticipate this trend will continue to grow,» said Vimal Kapur, president and CEO, Honeywell Building Technologies. «Our collaboration with Signify will allow us to enable our customers to implement integrated lighting solutions that help improve the occupant experience with customizable, personal lighting options that can be integrated into our Honeywell Forge and Building Management Systems platforms.»

«There are known benefits of how lighting can improve occupant experience and well-being,» said Harsh Chitale, leader of Signify’s Digital Solutions. «Many of our customers expect our solutions to deliver value beyond the scope of lighting. We look forward to capitalizing on this collaboration with Honeywell to jointly develop products and systems that provide greater value to our customers. We aim to deliver end-user benefits to building occupants, such as increased well-being and productivity, while providing channel partners with products that are easier to commission and maintain.»

Integrated Building and Lighting Systems to Serve Patients at Malaysian Eye Clinics

Honeywell and Signify are deploying integrated offerings at OPTIMAX Eye Specialists, a network of leading eye specialist clinics in Malaysia, to help the organization improve its air quality and surface disinfection efforts.

«Honeywell and Signify offered our clinics a complete solution for air, surface and object disinfection that allows us to clearly communicate to our clinicians, staff and patients how we are working to support well-being in our spaces,» said Tan Sri Dato‘ Tan Boon Hock, founder, OPTIMAX Eye Specialists Centre.

The clinics are using Signify UV-C lighting in upper air luminaries, stand-alone trolleys and in Honeywell-controlled fan coil units to increase well-being by contributing to disinfect air^± and surfaces^§ in rooms. Honeywell’s Healthy Buildings dashboard will control and monitor the Signify lighting technologies in the clinics.

The integrated Honeywell and Signify products can support the needs of any building and feature specific solutions for premium commercial buildings, airports, hospitality, healthcare, education, retail and stadia sectors. Honeywell and Signify are also currently deploying the integrated solutions, including Signify’s Philips UV-C disinfection upper air luminaires, in several Honeywell global offices.

Honeywell’s Healthy Buildings solutions help building owners improve their building environments, operate more cleanly and safely, comply with social distancing policies, and help reassure occupants that it is safer to return to the workplace. By integrating air quality, safety and security technologies along with advanced analytics, Honeywell’s Healthy Buildings solutions are designed to help building owners minimize potential risks of contamination and improve business continuity by monitoring both the building environment and building occupants’ behaviors.

About Signify

Signify (Euronext: LIGHT) is the world leader in lighting for professionals and consumers and lighting for the Internet of Things. Our Philips products, Interact connected lighting systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. With 2019 sales of EUR 6.2 billion, we have approximately 37,000 employees and are present in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We achieved carbon neutrality in 2020, have been in the Dow Jones Sustainability World Index since our IPO for four consecutive years and were named Industry Leader in 2017, 2018 and 2019. News from Signify is located at the Newsroom, Twitter, LinkedIn and Instagram. Information for investors can be found on the Investor Relations page.

About Honeywell Building Technologies

Honeywell Building Technologies (HBT) is a global business with more than 20,000 employees. HBT creates products, software and technologies found in more than 10 million buildings worldwide. Commercial building owners and occupants use our technologies to ensure their facilities are safe, energy efficient, sustainable and productive. For more news and information on Honeywell Building Technologies, visit http://www.honeywell.com/newsroom.

Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

* Signify’s products (including its UV-C air and surface disinfection products) are not medical devices, they are not approved, certified or registered as medical devices in any jurisdiction, and are not meant by Signify to be used for the disinfection of medical devices or for other medical purposes.

± The germicidal effectiveness of UV-C light sources is proportional to the exposure time of the microorganism to the UV-C light source and the intensity of the UV-C light source. Therefore, sufficient air flow in the room (which may be achieved through forced air flow or natural convection) is required for effective operation of Signify’s UV-C upper air disinfection luminaire solutions.

§ Signify’s UV-C surface disinfection products (fitted with Signify’s UV-C light sources) will achieve the same level of virus infectivity reduction as long as the same UV-C dose is achieved on each area of surface that is irradiated.

References

¹ Nadia Storm et al, Rapid and complete inactivation of SARS-CoV-2 by ultraviolet-C irradiation, 2020. Subject to peer review and available only as a pre-print at https://www.researchsquare.com/article/rs-65742/v2. The UV-C irradiance used in this study was 0.849 mW/cm2.
² U.S. Energy Information Administration, 2018 Commercial Buildings Energy Consumption Survey Preliminary Results, CBECS 2012 Trends in Lighting in Commercial Building, Released May 17, 2017 [Accessed December 6, 2020]
³CIBSE Journal, Module 22: Lighting control technologies and strategies to cut energy consumption, Released November 2010 [Accessed December 11, 2020]
⁴ The Climate Group, Smarter energy: accelerating business use of indoor connected LED lighting, October 19 2020 [Accessed December 14, 2020]
⁵ Pacific Northwest National Laboratory, Impacts of Commercial Building Controls on Energy Savings and Peak Load Reduction, May 2017 [Accessed November 17, 2020]

Megan McGovern	Claire Phillips
Honeywell Building Technologies	Signify Professional Lighting
+1 404-216-6186	+44 7956 489081
megan.mcGovern@Honeywell.com	claire.phillips@signify.com

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SOURCE Honeywell

New Home Sales Continue To Outperform, Up 44.9% Year-Over-Year According To Zonda

COSTA MESA, Calif., Dec. 21, 2020 /PRNewswire-PRWeb/ — Today, the experts at Zonda, the housing industry’s foremost advisors, released the New Home Pending Sales Index (PSI) for November 2020. The New Home PSI shows pending sales increased month-over-month and year-over-year across the United States. The index is a leading residential real estate indicator based on the number of new home sales contracts signed across the…

The New Home PSI came in at 168.8 for November, representing a 44.9% increase from November 2019. On a month-over-month basis, new home sales rose by 0.7% from October.

«Another month brings another great report on new home sales,» said Ali Wolf, chief economist at Zonda. «Buyers remain enthusiastic about purchasing a home thanks to low interest rates and the work-from home economy. Builders are equally enthusiastic with one main gripe: they cannot build homes quick enough.»

Pending new home sales trended above November 2019 levels in every top market across the country.

The best new home markets in November were Jacksonville, Raleigh, and Atlanta. The top three markets provide great relative value. For example, new home communities in these markets offer a price per square foot that is among the lowest of other major cities. Furthermore, these markets, along with others in the Southeast, are in-migration magnets. The ability to work-from-home in the COVID-19-economy has allowed those in harsher climates or more expensive parts of the country to relocate more easily.

«Builders in some markets are starting to see modest signs of a seasonal slowdown from decade-highs, but demand is still far stronger than the levels seen last year» said Wolf. «Looking ahead, 2021 is expected to be another good year for housing with supply as the limiting factor.»

New home data is susceptible to outsized swings in contract activity based on shifts in the number of actively selling communities. As a result, Zonda normalizes the data to ensure consistency across the index. The New Home PSI blends the cumulative sales of active or recently sold-out projects with the average sales rate per community, which adjusts for fluctuations in supply. Furthermore, the New Home PSI is seasonally adjusted based on each markets’ specific seasonality and removes outliers. The index is baselined to 100 for June 2016. Today’s national New Home PSI is 69% above the base level.

The next Zonda New Home PSI press release, featuring November 2020 data, will be issued on Monday, January 25, 2020 at 9:00 a.m. ET.

Methodology
The Zonda New Home Pending Sales Index (PSI) is built on proprietary, industry-leading data that covers 60% of the production new home market across the United States. Reported number of new home pending contracts are gathered and analyzed each month. Released on the 15th business day of each month, the New Home PSI is a leading indicator of housing demand compared to closings because it is based on the number of signed contracts at a new home community. Zonda monitors 18,000 active communities in the country and the homes tracked can be in any stage of construction.

The new home market represents roughly 10% of all transactions, allowing little movements in supply to cause outsized swings in market activity. As a result, the New Home PSI blends the cumulative sales of activity recently sold out projects with the average sales rate per community, which adjusts for fluctuations in supply. Furthermore, the New Home PSI is seasonally adjusted based on each markets’ specific seasonality, removes outliers, and uses June 2016 as the base month. The foundation of the index is a monthly survey conducted by Zonda. It is necessary to monitor both new and existing home sales to establish an accurate picture of the relative health of the residential real estate market.

About Zonda
Zonda provides data-driven housing market solutions to the homebuilding and multifamily industries. From builders to building product manufacturers, mortgage clients, and multifamily executives, we work hand-in-hand with our customers to streamline access to housing data to empower smarter decisions. As a leading brand in residential construction, our mission is to advance the home building industry, because we believe better homes mean better lives and stronger communities. Together, we are building the future of housing.

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Media Contact

Jessica Brewer, Zonda, 9162243047, jbrewer@zondahome.com

SOURCE Zonda

Hedge Funds See $5.2 Billion in Inflows in October, Reversing Course from September’s Redemptions, According to Backstop BarclayHedge

FAIRFIELD, Iowa, Dec. 21, 2020 /PRNewswire-PRWeb/ — The hedge fund industry returned to monthly inflows in October, bringing in $5.2 billion in new assets for the month. The industry had experienced $2.8 billion in redemptions in September.

October’s inflows represented 0.2% of industry assets, according to the <a target="_blank"…

October’s inflows represented 0.2% of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.

Coupled with an $11.9 billion monthly trading loss, total industry assets stood at nearly $3.41 trillion as October ended, up from $3.38 trillion at the end of September.

Data from 6,900 funds (excluding CTAs) in the BarclayHedge database showed Fixed Income funds leading the way among sectors that added to assets during the month, bringing in $3.8 billion. Sector Specific funds posted $3.5 billion in inflows.

«A number of factors began to bring investors back to hedge funds in October,» said Sol Waksman, president of BarclayHedge. «The end of the shortest bear market on record, improved manufacturing data and better than expected U.S. durable goods orders aroused investor interest.»

For the 12 months through October, the hedge fund industry experienced $118.8 billion in redemptions. A $33.9 billion trading profit during the period contributed to the total industry assets of $3.41 trillion as October ended, up from $3.13 trillion a year earlier.

Five hedge fund sectors posted 12-month inflows through October, led by Sector Specific funds with $25.8 billion in 12-month inflows, 15.1% of assets. Event Driven funds brought in $10.1 billion, 6.0% of assets, Convertible Arbitrage funds experienced $3.7 billion in inflows, 17.7% of assets, while Emerging Markets – Asia funds took in $2.9 billion, 2.6% of assets, and Emerging Markets – Latin America funds added $494.9 million, 4.1% of assets.

Fixed Income funds experienced the largest 12-month redemptions at $30.5 billion, 4.7% of assets, followed by Equity Long/Short funds shedding $29.5 billion, 14.5% or assets, Macro Funds with $21.0 billion in outflows, 10.8% of assets, and Equity Long Bias funds with $19.3 billion in redemptions, 5.6% of assets.

Managed futures funds reversed course on what had been a three-month inflow trend in October, experiencing $2.7 billion in redemptions, 0.9% of assets. Two of four CTA sectors tracked did add to assets in October with Discretionary CTAs bringing in $956.5 million, 8.2% of assets, while Multi-Advisor Futures Funds added $5.0 million, a negligible percentage of assets. A $521.4 million trading loss for the month brought total CTA industry assets to $298.2 billion as October ended, down from $303.6 billion at the end of September.

For the 12 months through October, managed futures funds experienced $8.9 billion in outflows, 2.9% of assets. A $13.2 billion trading loss over the period contributed to the $298.2 billion industry asset total at the end of the month, down from $305.4 billion a year earlier.

About Backstop Solutions

Backstop’s mission is to help the institutional investment industry use time to its fullest potential. We develop technology to simplify and streamline otherwise time-consuming tasks and processes, enabling our clients to quickly and easily access, share and manage the knowledge that’s critical to their day-to-day business success. Backstop provides its industry-leading cloud-based productivity suite to investment consultants, pensions, funds of funds, family offices, endowments, foundations, private equity, hedge funds and real estate investment firms.

BarclayHedge, a division of Backstop, currently maintains data on more than 6,900 hedge funds, funds of funds and CTAs. Institutional investors, brokerage firms and private banks worldwide utilize BarclayHedge indices as performance benchmarks for the hedge fund and managed futures industries.

Media Contact

Sol Waksman, BarclayHedge, a division of Backstop Solutions Group, (641) 472-3456, swaksman@barclayhedge.com

SOURCE Backstop BarclayHedge

Utica Leaseco agrees to Ubiquity Solar Acquiring the Rights to the Assets of Alta Devices

ROCHESTER HILLS, Mich., Dec. 21, 2020 /PRNewswire-PRWeb/ — Utica Leaseco, LLC (Utica), an asset-based specialty finance company and Ubiquity Solar Inc. (Ubiquity), a photovoltaic (PV) technology company, are pleased to announce the execution of a definitive agreement, whereby Ubiquity has procured from Utica rights to the intellectual property, R&D, production, inventory and other assets (the GaAs Assets) previously part of Alta…

Ubiquity Solar intends to relocate the GaAs Assets to the eastern USA to be close to Ubiquity’s Canadian operations. Ubiquity’s site-selection process is based on proximity to Ubiquity Canada, state incentives and access to a skilled workforce. Ubiquity plans to combine the GaAs Assets with its silicon-based PV wafer, cell and module operation. The operation will produce both silicon (Si) and gallium arsenide (GaAs) PV cells and modules for a wide range of high-performance applications that require higher quality, solar energy conversion efficiency, and performance. Ubiquity’s high quality silicon division will remain in Canada.

«We are very pleased to be able to add this significant GaAs-PV technology and manufacturing capacity to our Si-PV technology», said Ian MacLellan, CEO and President of Ubiquity. «Ubiquity’s current Si-PV technology is focused on the high efficiency residential, commercial and utility scale PV markets. This transaction will allow Ubiquity to enter the flight-based GaAs-PV markets for applications such as low earth orbit (LEO) satellites, high altitude long endurance (HALE) unmanned aircraft for delivering 5G over wide areas and drones. Long-term, based on research going back over a decade with university research partners, Ubiquity is investigating SiGaAs multi-junction PV technology for the above markets and the emerging electric vehicle integrated PV (VIPV) market.

David Levy, CEO of Utica, commented that «we are very pleased to have worked closely with Ubiquity’s management team on this transaction. We are looking forward to a mutually rewarding relationship with Ubiquity and supporting their vision in this very important endeavor.»

Please direct any inquiries to:
Ian MacLellan, President and CEO of Ubiquity Solar (ian.maclellan@ubiquitysolar.com) and/or
David Levy, CEO of Utica Leaseco (david.levy@uticaleaseco.com).

Ubiquity Solar develops high performance, advanced PV silicon materials, cells and modules. Its silicon technology can also be used in the Li-Ion batteries, electronic display and semiconductor industries. It is also developing ultra-high efficiency GaAs and SiGaAs PV technology for the Flight Integrated PV (FIPV), Building Integrated PV (BIPV) and electric vehicle integrated PV (VIPV) markets.

Utica Leaseco, since 2005, has provided new, unusual, and complex equipment financing and leasing. With a deep understanding of asset values, Utica’s experienced professionals deliver customized solutions for difficult deals in a responsive and speedy manner.

Forward-Looking Statements and Risk Factors
Certain statements in this news release may be considered to be forward-looking. Such statements are based on management’s current expectations, estimations, and assumptions based on experience, trends, and other factors that are subject to the significant risks and uncertainties. Such risks and uncertainties may include, but are not limited to, the effects of general economic conditions, changing foreign exchange rates, actions by government authorities, the requirement for additional capital, high debt levels, negative working capital levels, lack of profitability, risks associated with manufacturing, industry supply levels, competitive pricing pressures and misjudgments in the course of preparing forward-looking statements. Utica and Ubiquity assumes no obligation to update any forward-looking statements or to update the reasons why actual results could differ from those reflected in the forward-looking statements.

Media Contact

David Levy, Utica Leaseco, +1 248-752-1800, david.levy@uticaleaseco.com

SOURCE Utica Leaseco