Day: February 8, 2022

The following is an extract from the “Iveco Group 2021 Full Year Combined Results” press release. The complete press release can be accessed by visiting the media section of the Iveco Group corporate website: https://www.ivecogroup.com/media/corporate_press_releases or consulting the accompanying PDF:

Iveco Group consolidated revenues of €12.6 billion (up 22% year on year).
Net income of €76 million and adjusted EBIT of Industrial Activities of €302 million.
Industrial Activities net cash at €1.1 billion.

Unaudited combined financial results presented under EU-IFRS

Net revenues of Industrial Activities of €12,520 million, up 21%, mainly due to higher volumes and positive price realization.

Adjusted EBIT of Industrial Activities of €302 million (€89 million loss in 2020), with €403 million increase in Commercial and Specialty Vehicles. Powertrain adjusted EBIT of €208 million (€195 million in 2020).

Adjusted net income of €140 million, with adjusted diluted earnings per share of €0.43 (adjusted net loss of €167 million in 2020, with adjusted diluted loss per share of €0.76).

Reported income tax expense of €104 million, with adjusted effective tax rate (adjusted ETR) of 47% for the year ended 31^st December 2021. The ETR reflects the impact of unbenefited losses in certain jurisdictions and certain other discrete items.

Free cash flow of Industrial Activities was negative €125 million due to working capital affected by higher inventory driven by supply chain disruptions. Total third-party Debt of €2.7 billion at 31^st December 2021 (€2.8 billion at 31^st December 2020). Industrial Activities net cash position at €1.1 billion, a decrease of €0.1 billion from 31^st December 2020.

Available liquidity at €1.4 billion as of 31^st December 2021, including net financial receivables from CNH Industrial Post-Demerger.

Attachment

• 20220802_PR_IVG_FY_2021

The following is an extract from the “CNH Industrial 2021 Fourth Quarter and Full Year Results” press release. The complete press release can be accessed by visiting the media section of the CNH Industrial corporate website: www.cnhindustrial.com/en-us/media/press_releases or consulting the accompanying PDF:

CNH Industrial reports strong full year performance in 2021, the last year of operations prior to the demerger of Iveco Group effective January 1, 2022. Consolidated revenues of $33.4 billion (up 28% year on year), net income of $1,760 million, with adjusted diluted EPS of $1.35, and adjusted EBIT of Industrial Activities of $2,114 million the highest in Company history. Free cash flow of Industrial Activities positive $1,751 million.

Financial results presented under U.S. GAAP

Net sales of Industrial Activities of $31,622 million, up 30% with increases in all segments due to continued strong industry demand and price realization.

Adjusted EBIT of Industrial Activities of $2,114 million ($552 million in 2020), with Agriculture adjusted EBIT of $1,810 million and adjusted EBIT margin of 12.3% in the year. Adjusted EBIT increased by $391 million for Commercial and Specialty Vehicles and $274 million for Construction. Powertrain adjusted EBIT of $256 million ($233 million in 2020).

Adjusted net income of $1,880 million, with adjusted diluted earnings per share of $1.35 (adjusted net income of $437 million and adjusted diluted earnings per share of $0.28 in 2020).

Reported income tax expense of $342 million, which includes a $161 million tax benefit related to recognizing certain deferred tax assets. Adjusted effective tax rate (adjusted ETR) of 23%, which reflects a favorable geographic mix of pre-tax earnings.

Free cash flow of Industrial Activities was positive $1.8 billion due to the strong operating performance. Total Debt of $23.7 billion at December 31, 2021 ($26.1 billion at December 31, 2020). Industrial Activities net cash position at $0.3 billion, a decrease of $0.5 billion from December 31, 2020, primarily due to the cash-out for the acquisition of 100% interest in Raven ($2,246 million) and 90% interest in Sampierana ($86 million).

Available liquidity at $12.1 billion as of December 31, 2021.

Attachments

• 20220208_PR_CNH_Industrial_Q4FY_ 2021
• 20220208_CS_CNH_Industrial_Q4FY_ 2021

Prestigious Sunhak Peace Prize Laureates to be Honored

Washington, DC, Feb. 07, 2022 (GLOBE NEWSWIRE) — FOR IMMEDIATE RELEASE

Global Summit Gathers World Leaders on

Peaceful Reconciliation of the Korean Peninsula

Prestigious Sunhak Peace Prize Laureates to be Honored

The upcoming World Summit 2022 (Summit for Peace on the Korean Peninsula) will gather world leaders and a worldwide virtual audience around topics related to peaceful reconciliation on the Korean Peninsula.

The Feb. 10-13 World Summit 2022, held in Seoul, South Korea, is sponsored by the Universal Peace Federation (UPF) and the Kingdom of Cambodia. It will feature keynote speakers from around the world on a range of topics related to the peaceful reconciliation of the Korean Peninsula. Many speakers are from the 157 countries
that have diplomatic ties with both North and South Korea.

World Summit 2022 is hosted by UPF Co-Founder Dr. Hak Ja Han Moon, and co-chaired by Samdech Hun Sen, Prime Minister of the Kingdom of Cambodia, and H.E. Ban Ki-moon, former United Nations Secretary-General (2007-2016).

A highlight of the Summit is the 5th Sunhak Peace Prize Award Ceremony, to be held on Feb. 12, which will honor Oxford University vaccinologist Prof. Sarah Gilbert and Gavi, the Vaccine Alliance for their efforts to serve humanity during the COVID-19 pandemic.

H.E. Hun Sen will be honored with the 2nd Sunhak Peace Prize Founder’s Award, which is given to recognize distinguished world leaders who demonstrate significant accomplishments for peace throughout their careers.

The Sunhak Peace Prize, founded in 2013 by Dr. Moon to honor the legacy of her late husband Rev. Dr. Sun Myung Moon, is intended to “find and scale up the best peace solutions we can find,” organizers said at a Feb. 7 press conference to announce the 2022 Laureates. Speakers included H.E. Chring Botum Rangsay, Cambodian Ambassador to South Korea; H.E. Jose Manuel Barroso, chairman of the Sunhak Peace Prize; and Sunhak Peace Prize leaders, Washington Times Chairman Thomas P. McDevitt, Dr. Nam In-seog and Dr. Yun Young-ho. Laureates receive a cash prize, medal and plaque.

Adhering to South Korea’s COVID-19 safety guidelines, distinguished participants from around the world will gather in Seoul for World Summit 2022, which begins with the Opening Plenary at the Republic of Korea National Assembly on Friday, Feb. 11, 2022 (KST). Millions more will participate in the Summit via a high-tech hybrid format.

“The Korean War began more than 70 years ago and concluded with an armistice, not a peace treaty,” said UPF Chairman Dr. Thomas G. Walsh. “The Korean Peninsula is populated by a people with thousands of years of common history, culture and language. Is it not possible to resolve this conflict and bring about the peaceful reunification of the peninsula? We will seek answers to these questions at the Summit,” Dr. Walsh said.

In addition to the 5th Sunhak Peace Prize Award Ceremony, World Summit 2022 will hold the Global Assembly of Heads of State and Government, the Interreligious Peace Summit and the Rally for Peace on the Korean Peninsula that will involve more than one million people.

Moreover, before and during World Summit 2022, organizers will convene high-level sessions around the work of UPF’s peacebuilding associations. These include:

• International Summit Council for Peace (ISCP) and the International Association of First Ladies for Peace (IAFLP)
• International Association of Parliamentarians for Peace (IAPP)
• Interreligious Association for Peace and Development (IAPD)
• International Association for Peace and Economic Development (IAED)
• International Media Association for Peace (IMAP)
• International Association of Academicians for Peace (IAAP)
• International Association of Arts and Culture for Peace (IAACP)

World Summit 2022 is part of UPF’s ongoing series of peacebuilding activities, which are held under the theme of mutual prosperity, interdependence and shared universal values.

UPF, an NGO in General Consultative Status with the Economic and Social Council of the United Nations, is known for its Rally of Hope series, the International Leadership Conference series, and, since early 2021, the Forum series of Think Tank 2022. The latter project was created to engage more than 2,000 global thought leaders on how to achieve a breakthrough for peace on the Korean Peninsula. (Details about Think Tank 2022 Forums can be found at UPF.org)

For media inquiries, please contact:

William P. Selig | Communications Director, Universal Peace Federation

Ph: 240-274-1744 | Email: wselig@upf.org | Web: www.upf.org

Attachment

• UPF WS2022

William P. Selig
Universal Peace Federation
240-274-1744
wselig@upf.org

Growing adoption of FutureDial’s robotics and automation software by Wireless Carriers, Third-Party Logistics Providers (3PLs) and Mobile Device Recyclers led to explosive volumes of preowned iPhones and Android Smartphones being processed for resale in 2021

SUNNYVALE, Calif., Feb. 08, 2022 (GLOBE NEWSWIRE) — FutureDial Incorporated continued its commanding lead in providing mobile device processing solutions for Wireless Carriers, Mobile Device Buy-Back & Trade-In Companies, Mobile Phone Recyclers and Third-Party Logistics Providers (3PLs) during the year, announcing that its robotics and automation software solutions have been used by customers in the mobile supply chain to data clear, functionally test and grade a cumulative total of over 231.4 Million pre-owned Android smartphones and iPhones worldwide, for resale on secondary markets. Additionally, the total number of functional tests using FutureDial software and robotics for quality assurance performed on preowned iPhones and Android smartphones exceeded 400 Million tests. In Q4 2021 alone, FutureDial reported that processing volume with customers increased over 50%.

In the growing reverse logistics market in the mobile supply chain, FutureDial is a leading provider-of-choice for automated processing solutions for preowned mobile phones, as well as for data management systems for those phone processing operations. This lucrative market continues to grow as the average selling price of second-generation smartphones in today’s market approaches an average of $180, representing an approximate total available market value of over $52.7 billion. The used smartphone market share in North America reached 24.4% and is expected to grow to 27% by 2024.

Boosting Workflows and Profits with Automation
As the market grows, mobile device reverse logistics operators and wireless carriers are challenged to keep up with processing the multi-millions of phone models which are traded-in or returned each year. This is increasingly difficult when current manual processes do not scale easily and labor challenges exist as they do today. FutureDial works closely with these companies based on their goals for automation and their desired pace of evolution through the automation lifecycle. Solutions provided by FutureDial range from single station implementations to total integrated solutions which automate and streamline the touchpoints and workflows all the way through the mobile device processing lines at customer sites. Automating these processes in the processing centers results in significant cost savings for the companies, which enables them to make more money on each phone they resell.

Process-Automation Achieves Certifiable Pricing of Used Phones
“Surpassing 231 million mobile phones processed by our robotics and software solutions indicates the explosive growth we are seeing with customers as they embrace, implement and scale process automation,” noted Frank Harbist, FutureDial’s President and CEO. “Our modular and fully-integrated robotics and software solutions address customers’ unique needs for receiving, data-clearing, functional testing, and cosmetically grading smartphones and tablets for resale. Our process-automation approach and lifecycle orientation empower clients to achieve consistent, accurate and certifiable testing and resale price grading of millions of preowned phones, thereby achieving their business goals.”

About FutureDial
Founded in 1999, FutureDial is the leading provider of processing solutions for the mobile device reverse logistics supply chain. FutureDial’s easy-to-use, ADISA certified, automated SMART Processing Platform™ reduces the number of operator touches, saving time and money for Mobile Device Buy-Back Trade-In companies, Third-Party Logistics Providers (3PLs), Wireless Carriers and Mobile Device Manufacturers (OEMs). By simplifying and automating processes, consolidating work flows and giving insight into business operations, FutureDial makes these businesses more efficient, profitable and responsive to their customer needs. Visit http://www.futuredial.com or email sales@futuredial.com .

Media Contact:
Bruce Brunger, Marketing Communications Manager, FutureDial, Incorporated
Tel: (408) 245-8880 Ext 206 Email: bruceb@futuredial.com

TEMECULA, Calif., Feb. 07, 2022 (GLOBE NEWSWIRE) — Nikkiso Cryogenic Industries’ Clean Energy & Industrial Gases Group (Group), a subsidiary of Nikkiso Co., Ltd (Japan), is pleased to announce that Marsel Khaliullin has been named Business Line Manager Aftermarket Services Russia & Cryogenic Industries Service for Nikkiso Industrial Russia (NIR).

Based in Russia, he will manage and support Aftermarket Services, reporting to Ayman Zeitoun in NIR and Jim Estes for CIS.

Marsel has over 20 years of experience working at various positions in the maintenance and engineering business related to rotating equipment, including the previous six years in the Oil & Gas industry in Iraq and 10 years working with international companies. For the past two years, Marsel managed the Rotating Equipment workshop for SPM Oil & Gas, a Caterpillar company.

“Marsel’s experience and industry knowledge will be of great benefit to NIR and we look forward to his positive contributions,” according to Ayman Zeitoun, Vice President & Managing Director – Russia – Operations.

With this addition, Nikkiso continues their commitment to be both a global and local presence for their customers.

ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture engineered cryogenic gas processing equipment and small-scale process plants for the liquefied natural gas (LNG), well services and industrial gas industries. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Cosmodyne and Cryoquip and a commonly controlled group of approximately 20 operating entities.

For more information please visit www.nikkisoCEIG.com and www.nikkiso.com.

MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
aquigley@cryoind.com