Daily Archives: January 14, 2020

Center for Hydrogen Safety Announces Memorandum of Understanding with South Korea’s Gangwon Technopark

Organizations will collaborate to advance the safe transition to a worldwide hydrogen economy

New York, NY, Jan. 14, 2020 (GLOBE NEWSWIRE) — A Memorandum of Understanding was signed on January 13 between The Center for Hydrogen Safety (CHS), a global technical community within the American Institute of Chemical Engineers (AIChE), and Gangwon Technopark (GWTP), a government agency within South Korea’s Gangwon Province, inviting CHS to provide expert safety reviews of hydrogen fueling stations (HFS) and production facilities in South Korea.

The MoU was signed by Nick Barilo, Director of the CHS, and Seong In (Steven) Kim, President and Chief Executive Officer of GWTP, at AIChE’s global headquarters in New York City, and represents the latest partnership in CHS’s global mission to support the safe and timely rollout of critical hydrogen infrastructure. “The CHS welcomes the opportunity to support this important and timely activity and looks forward to an impactful collaboration,” said Barilo.

Barilo commended GWTP, responsible for the oversight of the province’s industries and technology deployment, and the people of Gangwon Province for their dedication to ensuring safety in South Korea’s energy transition. He noted the significance of the investments of the South Korean government toward hydrogen fuel technologies, a critical need recently highlighted by the Hydrogen Council, a global CEO-led initiative of 60 leading energy, transport and industry companies fostering the hydrogen economy, and a strategic partner of CHS. South Korea has committed to build 310 HFS and deploy over 65,000 hydrogen fuel cell vehicles by 2022. The Gangwon province alone plans to construct six hydrogen fueling stations and two hydrogen gas production facilities in 2020.

“It is only through these collaborative international efforts that we will enable stakeholder and public confidence and accelerate the adoption of this transformative technology,” said Barilo.

The CHS supports the safe advancement of hydrogen as a sustainable energy carrier to its global corporate partners by facilitating access to hydrogen safety experts; developing comprehensive safety guidance, outreach and education materials; and providing a forum to partner on world-wide technical solutions. In addition, CHS provides significant expertise in hydrogen safety through its Hydrogen Safety Panel resource, which has reviewed more than 350 projects with the goal of helping hydrogen industries attain a record of excellence in safety.

CHS is one of several technology communities operated by AIChE that proactively shares technical and safety information and resources with diverse users. AIChE and CHS also facilitate education and consistent application of technical and safety standards through courses, conferences, publications, and online tools.

To learn more about the Center for Hydrogen Safety, including membership opportunities, contact nickb@aiche.org.

About AIChE

AIChE is a professional society of 60,000 chemical engineers in 110 countries. Its members work in corporations, universities and government using their knowledge of chemical processes to develop safe and useful products for the benefit of society. Through its varied programs, AIChE continues to be a focal point for information exchange on the frontiers of chemical engineering research in such areas as energy, sustainability, biological and environmental engineering, nanotechnology and chemical plant safety and security. More information about AIChE is available at www.aiche.org.

About Center for Hydrogen Safety

Founded in 2018, the Center for Hydrogen Safety (CHS) is a not-for-profit, non-biased, corporate membership organization that promotes the safe operation, handling, and use of hydrogen and hydrogen systems across all installations and applications. A global technical community within the American Institute of Chemical Engineers (AIChE), the CHS builds upon the technical expertise embodied by AIChE, its Center for Chemical Process Safety (CCPS), and partnering organizations to identify and address concerns regarding the safe use of hydrogen as a sustainable energy carrier, in commercial and industrial applications, and in hydrogen and fuel cell technologies. Visit www.aiche.org/CHS.

About Gangwon Technopark

The GWTP is a government agency of South Korea that is in charge of development of technologies and industries in Gangwon province in Korea.

 About the Hydrogen Council

Launched at the World Economic Forum in Davos in 2017, the Hydrogen Council is a first-of-its-kind global CEO initiative to foster the role of hydrogen technologies in the global energy transition. The coalition of 60 members from across industry sectors and key markets collectively represents total revenues of over €2.6 trillion and close to 4.2 million jobs around the world. The Hydrogen Council helps to facilitate collaboration between key stakeholders, hosts events geared toward international advocacy, and educates the public about the power of hydrogen. To date, the Council has published three studies exploring the role of hydrogen in the energy transition and detailing a comprehensive vision of the long-term potential of hydrogen and a roadmap for deployment. To find out more, visit www.hydrogencouncil.com and follow us on Twitter @HydrogenCouncil.


Keith Joseph

Two Continents, Two Conferences, Two Chances for Top Institutional Investment Insights

ATLANTA and LONDON, Jan. 14, 2020 (GLOBE NEWSWIRE) — eVestment, a global leader in institutional investment data and analytics, will hold its eVestment Institutional Investment Intelligence (EI3) conference for EMEA in London on 12 February at The Brewery in the City of London and for North America March 18 through 20 at the Renaissance Atlanta Waverly in Atlanta.

Both events bring about 650 asset managers together for briefings on institutional trends and panels featuring top global consultants and institutional investors.

Confirmed speakers for the 12 February London event include:

  • Benoit Boru, CEO of French investment consultant insti7, discussing insights into manager selection;
  • Honor Fell, vice president of responsible investment at Redington, sharing insights on ESG investing;
  • Beau Lotto, neuroscientist and expert on perception, discussing how companies must innovate to remain relevant; and
  • Liv Boeree, a physicist and world-renowned poker player, discussing the importance of thinking probabilistically to achieve the best results at work and in life.

Boeree will also be a keynote speaker at the March 18 through 20th EI3 event in Atlanta. Other speakers slated to appear at EI3 Atlanta include:

  • Greg McKeown, New York Times bestselling author, who will share insights on Essentialism, the practice of pursuing the right thing in the right way at the right time;
  • Steven Johnson will discuss “full-spectrum decision-making,” an analytical process that helps drive smart choices; and
  • Michele Shauf, a semiotician and eVestment CMO, will take a closer look at the qualitative data in asset manager profiles and explain how managers can better differentiate themselves through the art of narrative.
  • The Atlanta event will also feature a closed-door track for emerging traditional managers and hedge funds, with opportunities to network with investors and top consultants.

At both events, eVestment Global Head of Insights John Molesphini will present the latest data only eVestment can provide on trends in the institutional market globally. Molesphini will look at 2019 in review, covering topics ranging from asset flows to fees, allocation trends to ESG. For a preview, listen to Molesphini’s Q3 trends briefing, click here.

“Our EI3 events are recognized as top institutional investment conferences in Europe and North America. We’re excited to bring another year of outstanding content and big-idea keynotes to the industry,” said eVestment co-CEO Gene Luciani. “More than ever, knowledge is power, and EI3 provides those attending with data-backed insights they can actually put to work in the decisions they make for their firms.”

For more information about EI3 Europe or EI3 North America, please click here or email ClaireSpencer@eVestment.com.

About eVestment

eVestment, a Nasdaq company, provides institutional investment data, analytics and market intelligence covering public and private markets. Asset managers and general partners reach the institutional marketplace through our platform, while institutional investors and consultants rely on eVestment for manager due diligence, selection and monitoring. eVestment brings transparency and efficiency to the global institutional market, equipping managers, investors and consultants to make data-driven decisions, deploy their resources more productively and ultimately realize better outcomes.

Press Contact
Mark Scott
678 238 0761

Radient Technologies Inc. Signs Binding Letter of Intent to Enter into Sale-Leaseback Financing Agreement and Reaffirms Revenue Guidance of at Least $10 Million for Fiscal Q3 2020

EDMONTON, Alberta, Jan. 14, 2020 (GLOBE NEWSWIRE) — Radient Technologies Inc. (“Radient” or the “Company”) (TSX Venture: RTI; OTCQX: RDDTF), a global commercial manufacturer of high quality cannabinoid-based ingredients, formulations and products, is pleased to announce it has entered into a binding Letter of Intent (the “LOI”) for a Sale-Leaseback transaction in which 2238501 Alberta Ltd. (the “Purchaser”) would purchase from Radient the land and buildings (collectively, the “Land”) comprising the Company’s Edmonton I, II, and III facilities (the “Transaction”).

The purchase price (the “Purchase Price”) shall be CAD $20 million. Upon the closing of this Transaction, the Purchaser will lease the Land back to 1631807 Alberta Ltd. (“163 Alberta”), Radient’s wholly owned subsidiary, for  a term of 20 years. Prior to the closing of the Transaction, a portion of the total Purchase Price, to be determined at a later date by all involved parties, will be advanced to Radient by the Purchaser in order to complete initial scheduled construction requirements at its Edmonton III facility.

The Transaction has an implicit interest rate of 13% annually (CAD $2.6 million) against the Company’s entire Edmonton-based group of real estate assets, comprising approximately 112,500 sq. ft. of manufacturing space. The Company will use the net proceeds for general working capital purposes while completing the buildout of its 89,000 sq. ft. Edmonton III manufacturing facility, and to repay existing long-term debt.

Radient expects the Transaction to close by March 30, 2020. The Transaction is subject to customary closing conditions, including entering into a definitive agreement of purchase and sale, and TSX Venture Exchange approval.

This Transaction is part of an asset-backed financing incorporating both the aforementioned Transaction and an additional equipment financing (the “Equipment Financing”) that was initially announced in Radient’s press release dated November 29, 2019. The Equipment Financing will incorporate the equipment contained within the Edmonton I, II, and III facilities, for an additional sum of money. Radient will update shareholders when the terms of this Equipment Financing have been finalized.

Denis Taschuk, Radient’s President and CEO, commented: “We are pleased to enter into this LOI for a Sale-Leaseback transaction. This cash injection will be non-dilutive, and allows us to obtain additional working capital to finance the remainder of the buildout of our Edmonton III facility as we continue to scale up our operating capacity considerably.”

Reaffirmation of Revenue Guidance for Fiscal Q3 2020:

Radient is pleased to announce that it expects to meet or exceed its previously disclosed revenue target of at least CAD $10 million for its Q3 2020 fiscal quarter ended December 31, 2019. Radient’s Q3 2020 financials will be released at the end of February 2020.

Progress at Edmonton I and Edmonton II Facilities:

Edmonton I: Scale-up of cannabis extraction and processing at Radient’s operating Edmonton I facility continues to be successful in terms of both recovery and quality of cannabinoid extracts, positioning Radient to execute on multiple fronts as “Cannabis 2.0” gathers momentum. Recovery of cannabinoids is consistently above 90% and as much as 99%. As indicated in the Company’s corporate update on November 29, 2019, extracts have shown high levels of quality and demonstrated extended “shelf life,” with negligible cannabinoid degradation. Radient will continue to explore opportunities to establish additional partnerships with both Canadian Licensed Producers and other brands.

Edmonton II: The majority of the retrofit of Radient’s Edmonton II facility, dedicated to the extraction and downstream processing of CBD from hemp, is complete. The Company is now awaiting the approval of its application for additional licenses from Health Canada which will allow it to begin operations at this facility. Radient’s Edmonton II facility is expected to be capable of processing 420,000 kg of hemp/ year at full capacity.

About Radient
Radient Technologies is a commercial manufacturer of high quality cannabinoid based formulations, ingredients and products. Utilizing a proprietary continuous-flow extraction and processing platform that recovers up to 99% of cannabinoids from the cannabis plant, Radient develops specialty products and ingredients that contain a broad range of cannabinoid and terpene profiles while meeting the highest standards of quality and safety. Please visit www.radientinc.com for more information.

SOURCE: Radient Technologies Inc.

Investors please contact: William (Bill) Wasson, Senior VP of Capital Markets and Investor Relations: wwasson@radientinc.com

Media/press please contact: Caitlin Cheadle, Director of Communications: ccheadle@radientinc.com

Forward Looking Information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the growth of the Company’s business operations; the construction of the Company’s facilities; the Company’s ability to close the Transaction and/or the Equipment Financing; the use of proceeds of the Transaction; the expected throughput at the Edmonton II facility; the recovery of, and quality of, cannabinoids and extracts;  the Company’s expected financial results as described in “Reaffirmation of Revenue Guidance for Fiscal Q3 2020” of this press release;  the Company’s ability to obtain additional licences from Health Canada; the Company’s ability to grow its business in the cannabis sector and the Company’s future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Radient, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although Radient has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Radient does not undertake to update any forward-looking information, except in accordance with applicable securities laws.


A Higher Percentage of Companies Say They’ve Been Targeted by Nation-State Hackers, Radware Survey Finds

Percentage of Companies Reporting Attacks Attributed to Foreign Governments Rose 42% in 2019, Survey Finds

MAHWAH, N.J., Jan. 14, 2020 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, released its 2019-2020 Global Application & Network Security Report. The report found that more than one in four respondents attribute attacks against their organization to cyberwarfare or nation-state activity. In 2018, 19% of organizations believed they were attacked by a nation-state. That figure increased to 27% in 2019. Companies in North America were more likely to report nation-state attribution, at 36%.

“Nation-state intrusions are among the most difficult attacks to thwart because the agencies responsible often have significant resources, knowledge of potential zero-day exploits, and the patience to plan and execute operations,” says Anna Convery-Pelletier, Chief Marketing Officer at Radware. “These attacks can result in the loss of sensitive trade, technological, or other data, and security teams may be at a distinct disadvantage.”

These findings come at a time of heightened anxiety for security managers. Organizations are increasingly turning to microservices, serverless architectures, and a mix of multiple cloud environments. Two in five managers reported using a hybrid environment that included cloud and on-premises data centers, and two in five said they relied on more than one public cloud environment. However, only 10% of respondents felt that their data was more secure in public cloud environments.

As organizations adapt their network infrastructure to enjoy the benefits of these new paradigms (such as microservices and multi-cloud environments), they increase their attack surface and decrease the overall visibility into their traffic.  For example, 22% of respondents don’t even know if they were attacked, 27% of those who were attacked don’t know the hacker’s motivations, 38% are not sure whether an Internet of Things (IoT) botnet hit their networks, and 46% are not sure if they suffered an encrypted DDoS attack.

Convery-Pelletier added, “This report finds that security professionals feel as though the battlefield is shifting under their feet.  Companies are increasingly adding and relying upon new paradigms, like microservices, public and hybrid clouds, and IoT, which means the infrastructure is harder to monitor for attacks. These new technologies force a shift in security implementation into the development teams.  Security is often an afterthought as businesses march forward, and there is a misconception that ‘good enough’ is enough.”

In addition, the report also found:

The emergence of 5G networks. As the push for 5G grows, there exists an important opportunity to build security into networks at its foundations. Despite the increasing buzz around 5G networks, only 26% of carriers responded that they felt well prepared for 5G deployment, while another 32% stated that they were somewhat prepared.

Be careful what you wish for in terms of IoT. 5G promises to advance organizations’ implementation of and the value they derive from IoT technologies, but that promise comes with a corresponding increase in the attack surface. When it comes to IoT connected devices, 44% of respondents said malware propagation was their top concern, while lack of visibility followed at 20% and Denial of Service at 20%.

Data loss is top concern. About 30% of businesses stated that data theft as a result of a breach was their top concern following an attack, down from 35% the previous year, followed by service outages at 23%.  Meanwhile, 33% said that financial gain is a leading motivation for attacks.

To read Radware’s ERT report, please visit https://www.radware.com/ert-report-2020/

About Radware

Radware® (NASDAQ: RDWR), is a global leader of cyber security and application delivery solutions for physical, cloud, and software defined data centers. Its award-winning solutions portfolio secures the digital experience by providing infrastructure, application, and corporate IT protection and availability services to enterprises globally. Radware’s solutions empower more than 12,500 enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity and achieve maximum productivity while keeping costs down. For more information, please visit www.radware.com.

Radware encourages you to join our community and follow us on: Facebook,  LinkedInRadware BlogTwitterYouTubeRadware Connect app for iPhone® and our security center DDoSWarriors.com that provides a comprehensive analysis on DDoS attack tools, trends and threats.

©2020 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents and pending patent applications of Radware in the U.S. and other countries. For more details please see: https://www.radware.com/LegalNotice/.

Media Contacts:
Deborah Szajngarten

Investor Relations:
Anat Earon-Heilborn
+972 723917548

Teledyne e2v expands its Emerald image sensor family with new 36 Mpixel high-speed chip

Emerald 36M image sensor

Teledyne e2v’s Emerald 36M image sensor combines 6k square resolution and superior frame rate

GRENOBLE, France, Jan. 14, 2020 (GLOBE NEWSWIRE) — Teledyne e2v, a Teledyne Technologies [NYSE: TDY] company and global innovator of imaging solutions, announces its new Emerald 36M, a 37.7 Megapixel image sensor specifically designed for demanding industrial and outdoor applications requiring both high resolution and high speed.

Emerald 36M uniquely combines 6k square resolution and superior frame rate, providing low noise, high quantum efficiency and wide angular response. It also offers excellent image quality that benefits the most challenging applications. The sensor is available in an ultra-high speed and a high-speed version, respectively providing 86fps and 43fps at full resolution.

The sensor is designed to provide easy integration and compatibility with cost-effective FPGAs. It comes in a ceramic µPGA package fitting standard Four Thirds optics, making it the world’s highest resolution global shutter sensor to fit these compact lenses. In addition, Emerald 36M is pin-to-pin and optically compatible with Emerald 67M, so that multiple resolutions and speed grades are possible from a single camera design.

Marie-Charlotte Leclerc, Marketing Manager at Teledyne e2v, said, “We are delighted to release the Emerald 36M. The sensor is already gathering interest from vision system designers looking forward to improved accuracy and throughput with optimized inspection system paths. And beyond the factory floor, Emerald 36M enables surveillance over wider fields of view and provides higher autonomy for aerial mapping and security solutions.”

Evaluation kits and samples of Emerald 36M are available now.

Please visit the product page or contact us for more information.

For media enquiries, please contact:
Jessica.Broom@teledyne.com | + 44 (0)1245 453607

Notes to Editors:

Teledyne e2v is part of the Teledyne Imaging Group. Their innovations lead developments in healthcare, life sciences, space, transportation, defence and security and industrial markets. Teledyne e2v’s unique approach involves listening to the market and application challenges of customers and partnering with them to provide innovative standard, semi-custom or fully-custom imaging solutions, bringing increased value to their systems.

For more information, visit imaging.teledyne-e2v.com

Teledyne Imaging is a group of leading-edge companies aligned under the Teledyne Technologies [TDY] umbrella. Teledyne Imaging forms an unrivalled collective of expertise across the spectrum with decades of experience. Individually, each company offers best-in-class solutions. Together, they combine and leverage each other’s strengths to provide the deepest, widest imaging and related technology portfolio in the world. From aerospace through industrial inspection, radiography and radiotherapy, geospatial surveying, and advanced MEMS and semiconductor solutions, Teledyne Imaging offers world-wide customer support and the technical expertise to handle the toughest tasks. Their tools, technologies, and vision solutions are built to deliver to their customers a unique and competitive advantage.

For more information, visit www.teledyneimaging.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bc46174d-49f5-4b9e-b1af-ec5cf8700046