Tag: T

DNB Financial Corporation Receives All Required Approvals to Acquire East River Bank

DOWNINGTOWN, Pa., Sept. 14, 2016 (GLOBE NEWSWIRE) — DNB Financial Corporation (“DNB”) (NASDAQ:DNBF), the parent company of DNB First, National Association, today announced that it has obtained all required approvals necessary for DNB to consummate its acquisition of East River Bank, Philadelphia, Pennsylvania (“East River”). Approvals included DNB and East River shareholder approvals, and regulatory approval from the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Pennsylvania Department of Banking. When the combination of the two organizations is completed, DNB will have approximately $1.1 billion in assets, $764 million in

Apigee Announces Fourth Quarter and Fiscal 2016 Results

SAN JOSE, Calif., Sept. 14, 2016 (GLOBE NEWSWIRE) — Apigee® (NASDAQ:APIC), the API company, today announced financial results for its fourth quarter and fiscal year ended July 31, 2016. Fiscal Year 2016 For FY 16, Apigee reported total revenue of $92.0 million, up 34% compared to $68.6 million in FY 15.  Apigee reported FY 16 product revenue (defined as license revenue plus subscription and support revenue) of $75.3 million, up 46% compared to $51.6 million in FY 15. Apigee reported FY 16 GAAP gross margin of 70.1%, up from 63.6% in FY 15, and non-GAAP gross margin of 71.8% compared to

Immune Design Announces Proposed Public Offering of Common Stock

SEATTLE and SOUTH SAN FRANCISCO, Calif., Sept. 14, 2016 (GLOBE NEWSWIRE) — Immune Design Corp. (Nasdaq:IMDZ) announced today that it plans to offer and sell shares of its common stock in an underwritten public offering. All of the shares in the proposed offering are to be sold by Immune Design. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering. Jefferies LLC, Leerink Partners LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the

Ocean Power Technologies Announces New Contract with the U.S. Department of Defense Office of Naval Research

PENNINGTON, N.J., Sept. 14, 2016 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (NASDAQ:OPTT) (“OPT” or “the Company”) announced today that it has been awarded a contract (or “Contract”), valued at nearly $250,000, by the U.S. Department of Defense Office of Naval Research (“ONR”) to conduct the design of a new mass-spring oscillating PowerBuoy for mission critical sensors.  Such a PowerBuoy differs from the current PB3 type in that it is self-contained and has no external moving components. Phase one of the contract scope includes the system design and laboratory testing of a proprietary, self-contained, inertia-based, mass-spring oscillator and power take-off

INC Research and CISCRP Announce Finalists for “Inspiring Hope” Ideathon

RALEIGH, N.C., Sept. 14, 2016 (GLOBE NEWSWIRE) — INC Research Holdings, Inc. (Nasdaq:INCR), a leading, global Phase I to IV contract research organization, together with the Center for Information and Study on Clinical Research Participation (CISCRP), a non-profit organization dedicated to engaging the public and patients as partners in the clinical research process, today announced the finalists for the “Inspiring Hope” Ideathon event. In a competition that inspired nearly 70 entries, 14 ideas submitted by teams from around the world have been shortlisted for their potential to help address the critical need to increase awareness of clinical trial participation among

Yappn Signs a Referral Partner Agreement with Startek Co. Ltd.

NEW YORK, Sept. 14, 2016 (GLOBE NEWSWIRE) — Yappn Corp. (“Yappn” or “Company”) (OCTQB:YPPN), a real-time innovative language solutions Company is pleased to announce that it has signed a Referral Partner Agreement with Startek Co. Ltd. (“Startek”). In accordance with the terms of the Agreement, Startek is an authorized referral partner for the purpose of referring prospective customers to Yappn, focused primarily but not limited to, the Japanese market. Atsushi Kajiwara, CEO of Startek stated: “By eliminating the language barrier, businesses can readily reach new markets. Yappn’s solutions give a competitive advantage for companies that want to communicate more effectively

Armour “Great Moms” Campaign Celebrates Raleigh Police Officer

LISLE, Ill., Sept. 13, 2016 (GLOBE NEWSWIRE) — Armour, the makers of great and convenient products including frozen meatballs, pepperoni and portable meal kits honored an unsung hero today.  Armour hosted a special surprise at the Junior League office in Raleigh, N.C. to honor Lea Martin as part of their campaign to recognize “Great Moms” across the country. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/09f19d68-3f2b-4709-acf7-ffbbb36080bd Martin, a single mother, is a Raleigh police officer who is known for going above and beyond to give back to the community, as well as being a great mom to her three

DALBAR Canada Study Finds Becoming A New Robo-Advisor Client Has Its Challenges 

TORONTO, Sept. 13, 2016 (GLOBE NEWSWIRE) — DALBAR released results for its much anticipated Robo-advisor Onboarding Experience study. Opening a new account is a critical first point of contact between a service provider and a client. DALBAR set out to investigate the onboarding process between a robo-advisor and its new clients. The study reveals some robo-advisors are clearly falling short of peer performance as well as of Canadian investors’ expectations for service in the wealth management space.  Key service gaps include:       Funding the account was the biggest challenge facing Canadian robo-advisors. Several firms encountered serious technical and logistical challenges using

Michael Victor inaugurated president of Mercyhurst University

ERIE, Pa., Sept. 13, 2016 (GLOBE NEWSWIRE) — Mercyhurst University inaugurated Michael T. Victor, J.D., LL.D., as its 12th president on Saturday, Sept. 10, in a ceremony of academic pageantry at the Mary D’Angelo Performing Arts Center. The theme for the celebration: “Renewal through Mercy: The Next 90 Years.” The 1:30 p.m. investiture was preceded by an inaugural Mass in Mercyhurst’s Christ the King Chapel at 10 a.m. celebrated by the Most Rev. Lawrence T. Persico, Bishop of Erie, and Father James Piszker, Mercyhurst University chaplain. The one-day celebration concluded on the Erie bayfront, taking full advantage of the majestic

Convergent And User-Centric Strategies To Take Center Stage In Mobile Data And WiFi Monetization Approaches: MarketResearchReports.biz

Albany, NY, Sept. 13, 2016 (GLOBE NEWSWIRE) — A recent report added to the research report portfolio of MarketResearchReports.biz presents a thorough overview of the key monetization strategies and models for mobile data being employed by key vendors in the market globally. The report aims at providing in-depth information that can help telecom companies formulate effective strategies for a profitable run, customer retention, and healthy revenue growth in the face of intense competition in the market. The report is titled “Mobile Data and WiFi Monetization: Convergent and user-centric offers take center stage.” The significant rise in demand for uninterrupted and

Testing, Inspection and Certification (T.I.C.) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024

Albany, NY , Sept. 13, 2016 (GLOBE NEWSWIRE) — The primary role of testing, inspection, and certification companies is to ensure the maintenance of health, safety, and quality requirements of their clients’ products. Testing, inspection, and certification companies are engaged in inspection, verification, testing and certification services wherein the major purpose is to help increase the productivity and also help local manufacturers to comply with the global standards. The global testing, inspection, and certification market on the basis of application has been segmented into seven types; oil & gas (onshore facilities and offshore facilities), aerospace (avionics, interior and exterior lighting systems,

Ocean Power Technologies Announces Results for the Fiscal First Quarter Ended July 31, 2016

PENNINGTON, N.J., Sept. 12, 2016 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (NASDAQ:OPTT) (“OPT” or “the Company”) today announced financial results for its Fiscal 2017 first quarter ended July 31, 2016 (“fiscal 2017”). George H. Kirby, President and Chief Executive Officer of OPT, stated, “The first quarter of fiscal 2017 has been a very eventful quarter for us on the technical, commercial and financial fronts.  In June, we redeployed the PB3-A1 PowerBuoy off the coast of New Jersey, which included payloads from the National Data Buoy Center and the Wildlife Conservation Society.  In July, we deployed our second PB3 PowerBuoy

AGTC Announces Financial Results and Business Update for the Quarter and Fiscal Year Ended June 30, 2016

GAINESVILLE, Fla., and CAMBRIDGE, Mass., Sept. 12, 2016 (GLOBE NEWSWIRE) — Applied Genetic Technologies Corporation (NASDAQ:AGTC), a biotechnology company conducting human clinical trials of adeno-associated virus (AAV)-based gene therapies for the treatment of rare diseases, today announced financial results for the quarter ended June 30, 2016. “Over the past year we’ve continued to make progress across our clinical programs and have remained focused on advancing novel gene-based therapies to improve the lives of patients affected by rare inherited diseases,” said Sue Washer, President and CEO of AGTC. “We are continuing to advance our lead product candidates for X-linked retinoschisis and

Greybrook Realty Partners Invests $3,415,000 in a Low-Rise Residential Development Project in Whitchurch-Stouffville, Ontario

TORONTO, Sept. 12, 2016 (GLOBE NEWSWIRE) — Greybrook Realty Partners Inc. is pleased to announce the successful deployment by its managed issuer of $3,415,000 in equity to acquire and subsequently manage the development of a parcel of land located in Whitchurch-Stouffville, Ontario. The property is co-owned with Cityzen Development Group and Tercot Communities and is expected to be developed into a 51-unit residential townhome community.  The Town of Whitchurch-Stouffville, located just north of Markham, is the third fastest growing community in Canada and has experienced a notable residential boom in recent years. Known for its small town community feel and

Straits Financial Selects BitPay, WB21 to Bring Bitcoin Payments to Futures Trading

Chicago, IL, Sept. 12, 2016 (GLOBE NEWSWIRE) —                             CHICAGO, September 06, 2016 — Straits Financial LLC (“Straits”), announced today it will be the first U.S. based Futures Commission Merchant (“FCM”) to utilize the services of bitcoin payment processor BitPay Inc. (“BitPay”) and digital bank WB21 Ltd (“WB21”).  Straits’ initiatives with WB21 and Bitpay will allow its customers to convert bitcoin assets into one of several different currencies to fund their Straits investment and trading accounts.  Straits believes this is an important step in the further development of the use of digital assets in the derivative markets. The WB21 and

CytoDyn Announces $10.0 Million Registered Direct Offering

VANCOUVER, Washington, Sept. 12, 2016 (GLOBE NEWSWIRE) — CytoDyn Inc. (OTC.QB:CYDY), a biotechnology company focused on the development of new antibody therapies for combating human immunodeficiency virus (HIV) infection, today announced that it has entered into definitive agreements with healthcare dedicated institutional investors for an offering of 13,333,334 shares of common stock, at a price per share of $0.75, and warrants to purchase 6,666,667 shares of common stock with gross proceeds of approximately $10.0 million in a registered direct offering.  The warrants have an exercise price of $1.00 per share and will expire five years from the date of issuance. The closing

Flexion Therapeutics Announces Two Key Corporate Appointments

BURLINGTON, Mass., Sept. 12, 2016 (GLOBE NEWSWIRE) — Flexion Therapeutics, Inc. (Nasdaq:FLXN) announced today that it has made two key appointments to its leadership team: Carolyn Beaty Scimemi, Esq., an experienced compliance and legal professional, as Chief Compliance Officer, and Adam Muzikant, Ph.D., a veteran biotechnology deal negotiator and strategist, as Vice President, Business Development. Ms. Scimemi and Dr. Muzikant join the Flexion leadership team as the company prepares to submit a planned new drug application (NDA) in the fourth quarter of 2016 to the U.S. Food and Drug Administration (FDA) for its drug candidate Zilretta™ (also known as FX006),

Inovio’s Zika Vaccine Selected As 2016 Technology Breakthrough

PLYMOUTH MEETING, Pa., Sept. 12, 2016 (GLOBE NEWSWIRE) — Inovio Pharmaceuticals, Inc. (NASDAQ:INO) today announced that its Zika vaccine in development has been named a 2016 Technology Breakthrough by the editors of Popular Mechanics magazine, the leading technology voice in the U.S. with millions of readers. Inovio has advanced its DNA-based Zika vaccine into two trials in the U.S., Canada and Puerto Rico. Inovio expects to have results before the end of this year for its U.S. study.  In addition, the CDC estimates Zika will infect more than 25% of the Puerto Rican population by year end, providing the potential

OHA Investment Corporation Announces New Credit Facility

NEW YORK, Sept. 09, 2016 (GLOBE NEWSWIRE) — OHA Investment Corporation (NASDAQ:OHAI) (the “Company”) today announced that it has closed a new $56.5 million secured term loan credit facility (“Credit Facility”) with MidCap Financial, which replaces the Company’s existing investment facility. Initial proceeds of $40.5 million from this Credit Facility were used to pay off the $38.5 million balance on our previous investment facility, pay transaction expenses and provide balance sheet cash. The remaining $16 million consists of a delayed draw term loan, which is committed for one year, and is available to OHAI to grow our investment portfolio and

Hovnanian Enterprises Reports Fiscal 2016 Third Quarter Results

Reports Pretax Profit for Third Quarter Closed Financing Transactions with New Issuances of $150 Million RED BANK, N.J., Sept. 09, 2016 (GLOBE NEWSWIRE) — Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, reported results for its fiscal third quarter and nine months ended July 31, 2016. RESULTS FOR THE THREE MONTH AND NINE MONTH PERIODS ENDED JULY 31, 2016: Total revenues were $716.9 million in the third quarter of fiscal 2016, an increase of 32.6% compared with $540.6 million in the third quarter of fiscal 2015. For the nine months ended July 31, 2016, total revenues increased 33.8% to $1.95 billion