NewsRoom Articles - Page 1188 of 1192

MondayAug 01, 2016 2:11 pm

Bank of Hope (HOPE) formed from Merger of BBCN Bancorp and Wilshire Bancorp

On Friday July 29, 2016, BBCN Bancorp, Inc. and Wilshire Bancorp, Inc. announced they had completed a merger of equals to take effect at the end of the business day. The new entity is expected to enjoy considerable cost savings from branch closures since, as separate entities, they have dozens of outlets in close proximity. Before the merger, BBCN and Wilshire were the two largest Korean-American banks operating in the U.S. The holding company for the combined entity will operate under the name Hope Bancorp, Inc. (NASDAQ: HOPE). Announcing the merger, Kevin S. Kim, president and chief executive officer of…

FridayJul 29, 2016 2:15 pm

eXp World Holdings, Inc. (EXPI) Adds Russ Cofano to Management Team

Earlier today, eXp World Holdings, Inc. (OTCQB: EXPI) announced the addition of industry veteran Russ Cofano to its management team. Cofano will serve as EXPI’s chief strategy officer and general counsel moving forward. “I have been looking for ‘the next great opportunity’ within the industry, and I’m certain that I’ve found that opportunity at eXp,” Cofano stated in this morning’s news release. “Unlike other new entrants, eXp is redefining the brokerage model of the future from within. Glenn Sanford has assembled a fantastic team and I’m excited to join them and use my various industry experiences to help the company…

FridayJul 29, 2016 2:14 pm

Scientific Games (SGMS) to provide Chukchansi Gold Resort & Casino with Promotional Kiosk and SG Universe

On July 26, 2016, Scientific Games Corporation (NASDAQ: SGMS) announced that it will be supplying its Promotional Kiosk and mobile business-to-business SG Universe solutions to Chukchansi Gold Resort & Casino (“Chukchansi”). Chukchansi is owned and operated by the Picayune Rancheria of Chukchansi Indians, a federally-recognized tribe of indigenous people in California, and is located in Coarsegold, a small community between Fresno and Yosemite National Park. Announcing the deal, Deann Kamalani, director of marketing at Chukchansi, declared: "Scientific Games has been a terrific partner to Chukchansi, and we're confident that Promotional Kiosk will streamline customer service and give us another marketing…

FridayJul 29, 2016 2:04 pm

Tecogen (TGEN) Gains Two New Projects from National Mechanical Services

Tecogen, Inc. (NASDAQ: TGEN) recently announced the award of two additional projects from National Mechanical Services, bringing the value of their total relationship to over $1.5 million. The first project is the installation of two new CM-75 KW units for a 454-unit residential building for families in Yonkers, NY. The second project is a state-of-the-art InVerde e+100 KW unit for a student housing building made up of 14 stories near Central Park in New York City. Both of these projects are designed to provide heating and cooling systems that use advanced clean energy technology in order to minimize the impact…

ThursdayJul 28, 2016 1:39 pm

International Stem Cell Corp. (ISCO) Announces Successful Intracranial Cell Transplantation in Phase I Clinical Study of ISC-hpNSC

Before the opening bell, International Stem Cell Corp. (OTCQB: ISCO) announced that the first patient in its ongoing phase I clinical trial of human parthenogenetic neural stem cells (ISC-hpNSC) for the treatment of moderate to severe Parkinson’s disease has undergone a successful intracranial transplant of ISC-hpNSC at the Royal Melbourne Hospital in Australia. This milestone marks a major step toward the completion of the dose escalation safety and preliminary efficacy study, which will evaluate three different dose regimens of ISC-hpNSC in a total of 12 participants over the coming months. “This is a major step forward in our search for…

ThursdayJul 28, 2016 1:36 pm

FRONTEO (FTEO) Granted Patent for Technology that Predicts Patient Falls in Healthcare Facilities

Recently, FRONTEO, Inc. (NASDAQ: FTEO) and FRONTEO, Inc. Healthcare (“FRONTEO Healthcare”) announced the reception of a patent approval from the Japan Patent Office for their AI-based technology (http://nnw.fm/ey2Xq). This new technology will be used in healthcare facilities in order to better predict patient falls. The AI-based technology analyzes the unstructured textual data from electronic medical and examination records to detect signs that a patient is going to fall. FRONTEO, Inc. is a leading technology and services company providing international litigation support and big-data services, among others. FRONTEO Healthcare is a FRONTEO subsidiary that analyses medical data and records to then…

ThursdayJul 28, 2016 1:19 pm

Amgen (AMGN) and Union Chimique Belge send Romosozumab Biologics License Application to FDA

In a recent press release, Amgen (NASDAQ: AMGN) and Union Chimique Belge (UCB) disclosed the submission of a Biologics License Application (BLA) to the U.S. Food and Drug Administration (FDA) for Romosozumab. Romosozumab is a monoclonal anti-sclerostin antibody for the treatment of osteoporosis in postmenopausal women, a group at increased risk of fracture. A BLA is similar to a New Drug Application (NDA). However, since Romosozumab is an antibody, it is classified as a biologic rather than a drug. Monoclonal antibodies are those made by identical immune cells that are all clones of a unique parent cell. Announcing the application…

WednesdayJul 27, 2016 3:57 pm

Inventergy Global, Inc. (INVT) Secures $3 Million Private Placement

In a recent news release, Inventergy Global, Inc. (NASDAQ: INVT) announced its entry into a definitive agreement with institutional investors for the private placement of shares of its Series E convertible preferred stock and warrants to purchase shares of common stock. Gross proceeds from this placement total $3 million. Of this, Inventergy plans to use $2.5 million to redeem roughly 70 percent of existing shares of Series C convertible preferred stock, with the remaining net proceeds serving as working capital. The Series E preferred stock to be issued as part of this placement will include a cash dividend of five…

WednesdayJul 27, 2016 1:13 pm

Fuel Tech (FTEK) Awarded Multiple Air Pollution Control Contracts Valued at $2.3 Million

Fuel Tech, Inc. (NASDAQ: FTEK), an advanced engineering company involved in the development, commercialization, and application of innovative technologies, recently announced receiving various air pollution control (APC) contracts valued at approximately $2.3 million (http://nnw.fm/x74B4). The company, which enables its customers to produce both energy and processed materials in a more environmentally-friendly way, is set to start the new contracts in China, the Middle East, and the U.S. The projects in question are already underway and should be completed by mid-2017. Vincent J. Arnone, president and chief executive officer, had this to say: “We are excited to announce this SNCR order…

TuesdayJul 26, 2016 3:08 pm

Sunworks (SUNW) Rapid Rack Division Named Favorite Racking System by Boviet Solar USA

Boviet Solar USA has officially announced Sunworks, Inc. (NASDAQ: SUNW) as its preferred racking solution for its solar panels. Sunworks is one of the leading providers of solar power solutions and equipment. With this in mind, the companies plan to collaborate on two upcoming Boviet projects in North Carolina. Eric Ma, president and managing director of Boviet Solar USA, described the Rapid Rack mounting system as the perfect solution to complement Boviet’s high-efficiency solar modules. Boviet Solar USA is one of the world leaders in advanced materials and ranks among the best manufacturers working with advanced PERC technology. Eric Ma…

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