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

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

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SOURCE Spanish Broadcasting System, Inc.

Dalrada Financial Corporation Launches LikidoVOLT® Independent Power Generators With 90% Clean Energy Efficiency Range

SAN DIEGO, Feb. 18, 2021 /PRNewswire/ — Dalrada Financial Corp. (OTCQB: DFCO, «Dalrada») is excited to announce the accelerated production of its LikidoVOLT® Clean Energy family of generators. This revolutionary and proprietary technology is made possible by leveraging FTC’s latest innovations to provide…

SAN DIEGO, Feb. 18, 2021 /PRNewswire/ — Dalrada Financial Corp. (OTCQB: DFCO, «Dalrada») is excited to announce the accelerated production of its LikidoVOLT® Clean Energy family of generators. This revolutionary and proprietary technology is made possible by leveraging FTC’s latest innovations to provide continuous off-grid power sources to residential and commercial facilities. Additional benefits of LikidoVOLT include:

  • Energy efficiencies exceeding 90%
  • Utilizes dry fuel sources (propane or natural gas)
  • Continuous 24/7 runtime
  • Power generation options from 15 kW – 250 kW
  • Complements the LikidoONE® and LikidoCRYO® for additional energy savings
As natural disasters and resulting power outages continue, Dalrada has worked to solve this real-world problem

Brian Bonar, CEO of Dalrada states, «As natural disasters and resulting power outages continue, Dalrada has worked to solve this real-world problem. LikidoVOLT clean energy generator products are designed as an alternative continuous power source, independent of utility provided power, that limits and reduces carbon emissions. Dalrada’s mission is to aid businesses and the public by providing clean sustainable power for everyday use resulting in a significant cost savings as well as a way to be prepared for natural disasters.»

In North American manufacturing partnership with Tongrun International’s independently owned and managed facility located in Bonham, Texas, LikidoVOLT is Dalrada’s proprietary and revolutionary design that incorporates an extremely energy efficient alternator, licensed by FTC, that converts mechanical energy to either AC or DC electrical energy. LikidoVOLT has received significant interest from Dalrada’s customers. The Company’s clean energy generator products are scheduled to ship by the end of Q2 of 2021.

For additional information, visit https://likido.net  

About Likido Limited

Likido® is an international technology company, developing advanced solutions for the harvesting and recycling of energy. Using its novel heat pump systems (patent pending), Likido® is revolutionizing the renewable energy sector with the provision of innovative modular process technologies to maximize the capture and reuse of thermal energy for integrated heating and cooling applications. With uses across industrial, commercial, and residential sectors Likido® seeks to provide cost savings and to minimize carbon emissions across supply chains. Likido’s novel technologies enable the effective recovery and recycling of process energy, mitigating against climate change and enhancing quality of life through the provision of low-carbon heating and cooling systems.  For more information, please visit www.likido.net.

About Dalrada (DFCO)

Dalrada Financial Corp. (OTCQB: DFCO, «Dalrada») solves real-world problems by producing innovation-focused and technologically centered solutions on a global level. Delivering next-generation manufacturing, engineering, technology, and healthcare products and services designed to propel growth, Dalrada is a team of industry experts and an organization built upon a strong foundation of financial capital. The Company and its subsidiaries are positioned for stable long-term growth through intelligent market research, sound business acumen, and established operational infrastructure. For more information, visit www.dalrada.com or call 1-858-283-1253.

Disclaimer

Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management’s current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company’s expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company’s success are more fully disclosed in the Company’s most recent public filings with the U.S. Securities and Exchange Commission («SEC»), including its annual report on Form 10-K. 

 

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SOURCE Dalrada Financial Corp.

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

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SOURCE Voto Latino

Noble Announces the Opening of Element by Westin Nashville | West End Vanderbilt

NASHVILLE, Tenn., Feb. 18, 2021 /PRNewswire/ — Noble Investment Group («Noble») today announced the opening of new LEED-certified <a target="_blank"…

NASHVILLE, Tenn., Feb. 18, 2021 /PRNewswire/ — Noble Investment Group («Noble») today announced the opening of new LEED-certified Element Nashville Vanderbilt West End, the newest addition to Marriott International’s eco-conscious Element by Westin® brand. The upscale hotel is a part of the vibrant oneC1TY community in the renowned West End neighborhood of Nashville, Tennessee.

Element by Westin has redefined the longer stay experience featuring an open and modern outdoor-inspired design which includes an open-air terrace, saline infinity pool, and street level dining and retail. The hotels 175 spacious studio and one-bedroom suites feature spa-inspired bathrooms, fully equipped in-room kitchens, and Westin’s signature Heavenly® Beds to ensure a great night’s sleep. The Element Nashville Vanderbilt West End provides complimentary Rise breakfast with healthful options, and curated eco-friendly amenities which help enable guests to maintain everyday healthy habits, no matter the length of stay.

Element by Westin also features Studio Commons, a unique rooming concept where guests have the option to share a kitchen and living area with family or friends with up to four private adjoining rooms. Operated by Aimbridge Hospitality, the hotel ensures a healthy, safe stay corresponding to Marriott’s Commitment to Clean along with Aimbridge’s AIMClean protocols which include best-in-class safety standards.

«We’re excited to deliver a distinctive upscale experience for our guests whether for short or longer stays,» says General Manager Philip Forte. «From our welcoming open spaces to our wellness-focused amenities, we are proud to bring the renowned Element by Westin brand to Nashville

Designed for the active, outdoor-minded traveler, the Element Nashville Vanderbilt West End features an all-natural saline rooftop pool and the Backyard Grill courtyard with mountain views, poolside seating, and lush greenery. Guests can also get a workout in at the 24-hour Motion Fitness center with cardio machine and free weights, or are welcomed to participate in Element’s Bikes to Borrow program where you can borrow bicycles, free of charge, along with safety helmets.

Get a taste of the Music City while staying at Element Nashville Vanderbilt West End and its premier location on City Boulevard near Vanderbilt University, Music Row, and Ryman Auditorium. Vanderbilt University Medical Center is also nearby. Nashville is home to a thriving music and arts scene, but its outdoor attractions also make the city a can’t-miss destination. Element Nashville offers scenic views of the city’s naturescapes and easy access to outdoor activities like Cumberland Caverns, the Parthenon at Centennial Park, and Nashville walking, biking, and paddling tours.

Element Nashville Vanderbilt West End has two onsite meeting and event venues with a combined 1,420 square feet of space. Guests hosting events at this new hotel can enjoy flexible setups, AV equipment, and inspiring natural tones. Travelers can prep for events at the 24-hour onsite business center offering print, copy, and mail services. Nashville’s reputation as a bachelorette destination offers unique opportunities for event hosting, and Element Nashville Vanderbilt is poised to provide exceptional experiences with onsite planners, event packages, and spacious accommodations for attendees. The hotel will implement enhanced health protocols to instill confidence to best meet the needs of meeting and event attendees.

Element Nashville Vanderbilt West End is an exciting addition to the thriving Nashville community. To learn more about the hotel, visit marriott.com/bnaew.

About Element by Westin®
With more than 60 extended stay hotels across North America, Europe, Asia Pacific, and Middle East & Africa, Element Hotels is designed for today’s healthy, active traveler who wants to maintain a balanced lifestyle while on the road. For more information, visit www.elementhotels.com and follow along on Facebook and Instagram. Element is proud to participate in the award-winning travel program, Marriott Bonvoy. With loyalty at its core, Marriott Bonvoy connects 30 extraordinary brands, and provides members experiences which they can book directly through Marriott International, making exploring the world more rewarding and memorable than ever before. To enroll for free or for more information about the program, visit www.marriottbonvoy.com.

About Noble 
Founded in 1993, Noble is a minority-owned, industry-leading real estate investment manager specializing in upscale hotels throughout the United States. Through its private real estate funds, Noble has invested $4 billion in communities throughout the country, creating thousands of jobs. As an institutional fiduciary to foremost pensions plans, university endowments, and foundations, Noble’s endeavors help to preserve and grow our limited partners’ capital, which assists in providing retirement benefits for our country’s teachers, law enforcement, firefighters, other pensioners, and financial resources for students to attend college. For more information, please visit www.nobleinvestment.com

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SOURCE Noble Investment Group

Wyndham Hotels & Resorts Arrives in Cambodia with the Opening of Sihanoukville’s First International Five-Star Hotel

PARSIPPANY, N.J., Feb. 18, 2021 /PRNewswire/ — Wyndham Hotels & Resorts, the world’s largest hotel franchising company and leading provider of hotel management services with over 8,900 hotels across nearly 95 countries on six continents, has opened its first hotel in Cambodia, the Howard Johnson Plaza by Wyndham Blue Bay Sihanoukville, a brand new landmark on the country’s tropical coast.

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PARSIPPANY, N.J., Feb. 18, 2021 /PRNewswire/ — Wyndham Hotels & Resorts, the world’s largest hotel franchising company and leading provider of hotel management services with over 8,900 hotels across nearly 95 countries on six continents, has opened its first hotel in Cambodia, the Howard Johnson Plaza by Wyndham Blue Bay Sihanoukville, a brand new landmark on the country’s tropical coast.

Howard Johnson by Wyndham continues its expansion in Southeast Asia with the opening of Blue Bay Sihanoukville following successful openings for the brand in China and South Korea. Howard Johnson by Wyndham is a globally recognised brand with hotels in more than 320 locations across three continents: North America, South America and Asia. The 522-key upscale hotel is the latest addition to Wyndham Hotels & Resorts’ portfolio of over 1,500 hotels across the Asia Pacific region.

«We are delighted to celebrate Wyndham Hotels & Resorts’ entry into Cambodia with the opening of Howard Johnson Plaza by Wyndham Blue Bay Sihanoukville. Across Asia Pacific, we are committed to growing our portfolio in amazing destinations – such as Sihanoukville – and we are confident that the hotel’s prime location by the beach, along with its excellent amenities, will make it one of the most desirable places to stay in the city,» said Joon Aun Ooi, President, Asia Pacific, Wyndham Hotels & Resorts.

«This is an incredible milestone opening for Wyndham and we look forward to continuing our strong growth momentum. Through our robust pipeline of franchise and management contracts across the region, we anticipate more than 100 openings in Southeast Asia in the next 3-5 years. This will further strengthen our value proposition for Wyndham Rewards members as well as that for our owners and partners,» he added.

Seafront Style with Five-Star Facilities
Howard Johnson Plaza by Wyndham Blue Bay Sihanoukville is a stunning 36-storey upscale hotel comprising 322 contemporary rooms and suites with city and sea views, perfectly positioned at Independence Beach, close to the centre of Sihanoukville and overlooking the sparkling sea.

Guests can unwind in style in the hotel’s guestrooms, which feature plush bedding, marble bathrooms with rain showers and, in some rooms, sea-facing balconies with spa tubs. For the ultimate indulgence, the hotel’s Presidential Suite offers an extensive 200 sqm of space with loft-like interiors and flexible open space, suitable for families or romantic getaways. Boasting an air of tranquillity, guests can savour glittering views of the Gulf of Thailand from the private bathtub or entertain friends and family in its spacious living and dining area.

Howard Johnson Plaza by Wyndham Blue Bay Sihanoukville also offers plenty of opportunities for guests to relax and unwind at the hotel with leisure and wellness facilities including an outdoor swimming pool with panoramic sea views, a well-equipped fitness centre, a spa, and a duty-free retail outlet. The hotel is also home to three dining outlets, including: Andaman Sea, the all-day dining restaurant serving international favourites alongside Sichuan, Cantonese and Hunan cuisine; the Private Dining Room, serving local, Chinese and Western specialties; and the Infinity Lounge, which serves a refreshing array of beverages and cocktails.

Visitors who want to explore the local area can take advantage of an onsite tour desk or request for professional services at the business centre. Guests staying on club floors can also enjoy bespoke amenities at the dedicated club lounge offering daily breakfast as well as cocktails and canapés every evening. The hotel is also directly connected to the region’s largest shopping mall and a major gaming centre, while the soft sands of Independence Beach are just moments away.

Discover the Wonders the Cambodian Riviera
Sihanoukville is a serene seaside town and fishing port on the Cambodian coast and the capital of Sihanoukville Province. The coastal city is home to a string of sandy beaches, including Independence Beach, Victory Beach, Ochheuteal Beach, Otres Beach and Serendipity Beach, which offer an exotic blend of warm, clear seas, palm-fringed sand, and exhilarating water sports. The city is also the gateway to Cambodia’s idyllic offshore islands, such as Koh Rong, which offer pristine landscapes and spectacular snorkelling activities. The new hotel is located just 26km away from Sihanouk International Airport, while the Cambodian capital city, Phnom Penh, is 225km away.

All of Wyndham’s hotels in Southeast Asia participate in Wyndham Rewards®, the world’s most generous rewards program with more than 30,000 hotels, vacation club resorts and vacation rentals worldwide.

About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with over 8,900 hotels across nearly 95 countries on six continents.  Through its network of approximately 796,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry.  The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®, Wyndham Hotels & Resorts is also a leading provider of hotel management services.  The Company’s award-winning Wyndham Rewards loyalty program offers 86 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com

About Howard Johnson by Wyndham
Part of Wyndham Hotels & Resorts, Howard Johnson® by Wyndham is one of the world’s most iconic and well-known hospitality brands, spanning more than 320 hotels across North, Central and South America as well as parts of the Middle East and Asia. Most locations offer free Wi-Fi and complimentary Rise & Dine® breakfast as well as a host of other amenities including swimming pools, fitness centers and more. Guests can also earn and redeem points with Wyndham Rewards®, the brand’s award-winning loyalty program, when they join for free at www.wyndhamrewards.com. If you are interested in developing a Howard Johnson by Wyndham hotel, please visit development.wyndhamhotels.com.

Contacts: 

Abigail Foo
Senior Manager, Brand Marketing, PR & Communications
South East Asia and Pacific Rim
Wyndham Hotels & Resorts
M: +65 9067 8040
abigail.foo@wyndham.com

Scott Carman
Wyndham Hotels & Resorts
+1 (973) 753-6590
scott.carman@wyndham.com

 

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SOURCE Wyndham Hotels & Resorts

Marben Completes Validation of C-V2X Stack and Applications on Qualcomm Snapdragon Automotive 4G and 5G Platforms to Accelerate Commercialization by Global Automakers

ATLANTA, Feb. 18, 2021 /PRNewswire-PRWeb/ — Marben Products, S.A.S, today announced the company’s plans to provide an advanced cellular vehicle-to-everything (C-V2X) solution featuring Marben’s software capabilities validated on Qualcomm® Snapdragon™ Automotive 4G and 5G Platforms. The validation of the latest Marben C-V2X software platform with the Snapdragon 4G and 5G Platforms, as well as with the Qualcomm® Snapdragon™ 2150 Platform with Qualcomm® Aerolink™ Communication Technology, is…

ATLANTA, Feb. 18, 2021 /PRNewswire-PRWeb/ — Marben Products, S.A.S, today announced the company’s plans to provide an advanced cellular vehicle-to-everything (C-V2X) solution featuring Marben’s software capabilities validated on Qualcomm® Snapdragon™ Automotive 4G and 5G Platforms. The validation of the latest Marben C-V2X software platform with the Snapdragon 4G and 5G Platforms, as well as with the Qualcomm® Snapdragon™ 2150 Platform with Qualcomm® Aerolink™ Communication Technology, is designed to support global automakers and Tier-1 suppliers’ commercialization for next-generation telematics solutions featuring C-V2X capabilities. The solution is designed to support companies in the automotive ecosystem who not only utilizes wireless platforms from Qualcomm Technologies, Inc., but also those who utilize Marben’s C-V2X software, with the necessary applications, security and stack to manage vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) use cases.

Marben’s cost-effective software solution has been proven in multiple field test environments and is supported by various players in the C-V2X software and hardware ecosystem. Marben’s C-V2X platform has been used to demonstrate basic safety use cases, Vulnerable Road User (VRU), Red Light Violation Warning (RLVW), Left Turn Assist (LTA), and many other safety and mobility applications throughout the U.S., Europe and China, and has the flexibility to expand on any future use cases presented by consortiums or standard bodies. Marben’s V2X solution is compliant with MISRA, a coding standard required by automotive customers, as well as is compliant with ASPICE, a practice followed to develop software focused on ensuring the quality of the product.

«The work we’ve done with Qualcomm Technologies results in a C-V2X solution that is readily available to customers who are ready for mass production. With MISRA and ASPICE compliant MARBEN C-V2X software solution and scalability and availability of Qualcomm Technologies platforms, we ensure with automotive grade stringent requirements for our end customers,» said Devang Naik, Director of Engineering – Marben Products SAS.

«We have been delivering production ready solutions to our Tier-1 customers for several years and many of them are selected for OEM programs globally. Now customers will have greater confidence in their ability to rapidly scale their production capability by using these solutions,» said Vish Emani, Vice President – Marben Products SAS.

About Marben Products
Marben is the global leader of communication solutions for the Telecommunication, Transportation and Automotive markets. For over three decades, equipment manufacturers and software editors have chosen Marben to embed best-of-breed communication software to optimize total cost of ownership.

Marben’s evolutionary software allows automotive industry to deploy intelligent, automation and safety applications quickly. Marben’s software solutions deliver interoperable, efficient and robust solutions to help accelerate its customer’s time to market.

Over hundreds of thousands of Marben software products are deployed each year. Worldwide, Telecom and Automotive companies such as Bosch, Ciena, Cisco, Continental, Ericsson, Ficosa, Fujitsu, HP, LG Electronics, Nokia, Oracle, Renault, Sirius XM, Valeo, Visteon, WNC…

With offices spread over three continents: Europe, North America and Asia, Marben is committed to providing best-in-class service and support to its customers worldwide.

Phone: + 1 678 779 3581

https://www.linkedin.com/company/marben
https://twitter.com/MarbenProducts

E-mail: info@marben-products.com
Qualcomm and Snapdragon are trademarks or registered trademarks of Qualcomm Incorporated. Aerolink is a trademark or registered trademark of Onboard Security, Inc.
Qualcomm Snapdragon and Qualcomm Aerolink are products of Qualcomm Technologies, Inc. and/or its subsidiaries.

Media Contact

Devang Naik, Marben Products, +1 (678) 779-3581, devang.naik@marben-products.com

 

SOURCE Marben Products

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

Mountain View Hyundai Offers to Order Custom Vehicles Optimized for Customers’ Preferences

RINGGOLD, Ga., Feb. 18, 2021 /PRNewswire-PRWeb/ — Mountain View Hyundai, a dealership serving Chattanooga and the entire surrounding area from its home base in Ringgold, is serious about its pledge to set drivers up with the best possible vehicle for their individual needs. In demonstration of this devotion, the dealership not only offers a wide selection of high-quality vehicles on hand at its physical location but will also <a…

RINGGOLD, Ga., Feb. 18, 2021 /PRNewswire-PRWeb/ — Mountain View Hyundai, a dealership serving Chattanooga and the entire surrounding area from its home base in Ringgold, is serious about its pledge to set drivers up with the best possible vehicle for their individual needs. In demonstration of this devotion, the dealership not only offers a wide selection of high-quality vehicles on hand at its physical location but will also search for and order custom models for shoppers.

If a customer cannot find the specific model or type of vehicle they are looking for in the dealership’s inventory, the Mountain View Hyundai team will help browse the inventories of other Mountain View car dealerships or order a custom-built new Hyundai from the manufacturer itself.

Individuals in search of a new car can simply contact Mountain View Hyundai and describe the vehicle of their dreams. The employees of the dealership will then present the closest match they can, whether that be a model from their own inventory, another Mountain View dealership or a custom model ordered from Hyundai.

Mountain View Hyundai offers an extensive inventory of new Hyundai models as well as a diverse selection of used vehicles. The former includes the latest Hyundai cars and SUVs, while the latter includes reliable pre-owned machines hailing from many different brands. Shoppers interested in something in-between can peruse the Certified Pre-Owned Hyundai selection, each model of which is thoroughly inspected for quality and comes backed by the extensive Certified Pre-Owned Hyundai warranty.

Those interested in getting a car dealership to search for a vehicle according to their own unique whims can find more information on the Mountain View Hyundai website at http://www.mvhyundai.com. The team can also be contacted by phone with a dial to 706-671-2581. Finally, those who wear a mask and follow social distancing guidelines can make the journey to the dealership location itself at 7154 Nashville St., Ringgold.

Media Contact

Don Erwin, Mountain View Hyundai, 706-671-2581, donerwin@mvauto.com

 

SOURCE Mountain View Hyundai

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.