TRACE Foundation Announces Recipients of the 2021 TRACE Prize for Investigative Reporting

ANNAPOLIS, Md., June 25, 2021 /PRNewswire/ — The TRACE Foundation, a non-profit organization established to support projects that encourage greater commercial transparency, today announced the winners of the 2021 TRACE Prize for Investigative Reporting. The annual award recognizes journalism that uncovers business bribery or related financial crime.

Zorayda Gallegos Valle, a freelance journalist writing for El País in Mexico, won the TRACE Prize for her investigation that uncovered the Mexican Army’s scheme to divert at least $156 million of public resources through hundreds of shell companies contracted to complete infrastructure projects.

“I am grateful to the TRACE Foundation for supporting investigative journalism because it plays an important role in the transparency and accountability of governments worldwide,” Valle said. “Investigative journalism has become more relevant in Mexico and all over the world. It helps to disclose unlawful activities that authorities want to keep secret, and oversee their actions.”

The second recipient of this year’s TRACE Prize is the FinCEN Files reporting team, which included BuzzFeed News, the International Consortium of Investigative Journalists (ICIJ) and more than 100 media partners. The team undertook a 16-month long investigation, reviewing thousands of financial intelligence documents. They uncovered a flawed oversight process that allowed global banks to profit from suspect transactions. Their reporting has resulted in new reforms and investigations in multiple countries.

“The FinCEN Files investigation exposed how some of the world’s biggest banks play an integral role in the global flow of dirty money,” ICIJ Director Gerard Ryle said. “Our findings have helped push forward important anti-money laundering reforms in some of the globe’s key financial centers, and this recognition from TRACE will help keep the issue in the spotlight.”

ICIJ also earned an honorable mention, along with the rest of the Luanda Leaks team, which includes FRONTLINE, the New York Times and 34 other media partners, for their work exposing the kleptocracy of Isabel dos Santos, daughter of Angola’s former president. They revealed how Western professionals play a vital, little-examined role in the blighting of the lives of countless Angolans.

Ferdinand Ayite of L’Alternative magazine in Togo earned an honorable mention for his Pétrolegate investigation, which found serious financial malpractice among Togolese government officials in charge of importing and pricing petroleum products.

“Even in the face of 2020’s chaotic circumstances, investigative journalists persisted,” TRACE President Alexandra Wrage said. “We commend the important work they do: their bravery, resolve and ingenuity. The TRACE Foundation extends its gratitude to our judges and admiration for our 2021 Prize for Investigative Reporting recipients and their important work.”

The judging panel for the 2021 TRACE Prize for Investigative Reporting included William Gumede, Diana B. Henriques, Rosebell Kagumire, Peter Klein, Donatella Lorch and Jorge Luis Sierra.

The TRACE Foundation will begin accepting submissions for the 2022 TRACE Prize for Investigative Reporting in the fall of 2021. For more details, visit traceinternational.org/investigative-reporting.

About the TRACE Foundation

The TRACE Foundation was established to promote, support and fund research, investigative journalism, publications, videos and related projects that encourage greater commercial transparency and advance anti-bribery education. For more information, visit traceinternational.org/tracefoundation.

Synchronoss Technologies, Inc. Announces Pricing of $100 Million Public Offering of Common Stock

BRIDGEWATER, N.J., June 25, 2021 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (SNCR) (the “Company” or “Synchronoss”), a global leader and innovator in cloud, messaging and digital products and platforms, today announced the pricing of an underwritten public offering of 38,461,538 shares of its common stock at a public offering price of $2.60 per share. The gross proceeds from the offering, before deducting underwriting discounts and commissions and offering expenses payable by Synchronoss, are expected to be $100 million. In addition, Synchronoss has granted the underwriters a 30-day option to purchase up to 3,846,154 additional shares of common stock at the public offering price, less the underwriting discounts and commissions.

All of the shares in the offering are being sold by Synchronoss. Synchronoss anticipates using the net proceeds from the offering, and from the offering of Senior Notes and sale of Series B Preferred Stock (each as described below), to fully redeem all outstanding shares of Synchronoss’ Series A Convertible Participating Perpetual Preferred Stock and repay amounts outstanding under Synchronoss’ revolving credit facility. The offering is expected to close on or about June 29, 2021, subject to satisfaction of customary closing conditions.

B. Riley Securities, Inc. (“BRS”) is acting as the lead underwriter and sole book-running manager for the offering. Northland Capital Markets is acting as co-manager for the offering.

Concurrently with the offering, the Company is offering, by means of a separate prospectus supplement, $120 million aggregate principal amount of senior notes due 2026 (the “Senior Notes”). In addition, B. Riley Principal Investments, LLC (“BRPI”), an affiliate of BRS, has entered into an agreement pursuant to which BRPI has agreed to purchase $75.0 million of the Company’s Series B Preferred Stock in a private transaction to be completed concurrently with the closing of the offering.

The shares of common stock described above are being offered by Synchronoss pursuant to a shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (SEC) and declared effective by the SEC on August 28, 2020. A preliminary prospectus supplement relating to and describing the terms of the offering is filed with the SEC and is available on the SEC’s web site at www.sec.gov. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC. Copies of the final prospectus supplement (when available) and accompanying prospectus relating to these securities may also be obtained by sending a request to: B. Riley Securities, Inc., at 1300 North 17th Street, Suite 1300, Arlington, VA 22209 or by calling (703) 312‐9580 or by emailing prospectuses@brileyfin.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Synchronoss

Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to statements regarding the closing of the public offering and the anticipated use of the proceeds thereof. These forward-looking statements are subject to a number of risks, including the satisfaction of customary closing conditions related to the public offering and the risk factors set forth from time to time in Synchronoss’ SEC filings, including but not limited to the risks that are described in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections (as applicable) of Synchronoss’ Annual Report on Form 10-K for the year ended December 31, 2020 and Quarterly Report on Form 10-Q for the period ended March 31, 2021, which are on file with the SEC and available on the SEC’s website at www.sec.gov. In addition to the risks described above and in Synchronoss’ other filings with the SEC, other unknown or unpredictable factors also could affect Synchronoss’ results. No forward-looking statements can be guaranteed and actual results may differ materially from such statements. The information in this release is provided only as of the date of this release, and Synchronoss undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

Media

Diane Rose
CCgroup
synchronoss@ccgrouppr.com

Investors

Todd Kehrli/Joo-Hun Kim
MKR Investor Relations, Inc.
investor@synchronoss.com

JW Player arrecada US$100 milhões na Série E para ajudar a impulsionar o crescimento da Economia de Vídeo Digital em rápida expansão

O capital irá ajudar a acelerar o crescimento da JW Player e expandir sua plataforma já robusta, capacitando os clientes com independência e controle na Economia de Vídeo Digital

NOVA YORK, June 25, 2021 (GLOBE NEWSWIRE) — A JW Player, principal plataforma de software de vídeo e insights de dados, anunciou hoje que arrecadou US$100 milhões em financiamento da Série E da LLR Partners. O investimento mais recente dá seguimento ao crescimento recorde de streaming de vídeo e forte rentabilidade durante os 12 meses anteriores. Com esse financiamento, a JW Player irá acelerar a inovação de produtos para atender às demandas em rápida mudança dos clientes no ambiente de vídeo digital atual, expandir sua pegada global de go-to-market em vendas, marketing e parcerias de canal, e dar continuidade ao crescimento e investimento na criação de uma equipe de categoria internacional.

A rodada de financiamento segue a recente aquisição pela JW Player da VUALTO, principal provedora de soluções de streaming de vídeo ao vivo e sob demanda e de Gerenciamento de Direitos Digitais (DRM), que aprofundou a oferta da empresa para emissoras globais. Nos dias seguintes à aquisição, a JW Player viu um aumento de material e influxo de vendas e pipeline, especialmente nas regiões LATAM e APAC.

Criada como um player de vídeo de código aberto extremamente popular, a plataforma de vídeo orientada por API da JW Player agora capacita centenas de milhares de clientes a controlar e operar independentemente seus aplicativos de vídeo móveis, OTT e Web em todo o mundo. É importante ressaltar que a JW Player inclui serviços e conhecimentos exclusivos orientados a dados, para que os clientes possam crescer e envolver seus públicos de forma mais eficaz e gerar mais receita incremental com seus investimentos em vídeo. Somente no último ano, a transmissão de vídeo da empresa cresceu quase 200%, enquanto a transmissão ao vivo aumentou mais de 400%.

Este financiamento chega no momento em que o consumo de vídeo digital continua seu impulso para o mainstream. O vídeo agora compreende mais de 80% de todo o tráfego na internet e, de acordo com os dados do JW Player, as pessoas estão consumindo mais de duas horas de vídeo digital por dia, um aumento de 40% desde o início de 2020. Por isso, uma estratégia de vídeo digital passou a ser um “must have” não só para emissoras e empresas de mídia, mas também para organizações de todos os tipos, incluindo de fitness, e-commerce, esportes e e-learning, entre outros. Essas organizações têm uma gama diversificada de necessidades, exigem uma plataforma de vídeo flexível que permita o envolvimento com seu público nos dispositivos preferidos, e exigem um ROI quantificável dos seus investimentos em vídeo. Devido a essa dinâmica, o mercado endereçável irá aumentar de US$14 bilhões hoje para US$50 bilhões até 2027, uma Taxa de Investimento Anual Composta (CAGR) de 20%.

“O vídeo entrou em uma era de ouro, e agora vivemos na Economia do Vídeo Digital. Ao combinar nossa tecnologia de plataforma de vídeo fácil de usar com nosso consumo e insights exclusivos de dados contextuais, a JW Player tem uma vantagem distinta em ajudar os clientes a aumentar seu público, criar experiências de vídeo de classe mundial em qualquer dispositivo e, o mais importante, gerar mais receita”, disse Dave Otten, CEO e cofundador da JW Player. “Ao entrarmos nesta próxima fase, estamos contentíssimos com a nossa parceria com a LLR. A equipe da LLR traz décadas de suporte e experiência inigualáveis com empresas de software em constante mudança no setor e, sem dúvida, irá nos ajudar a acelerar o nosso sucesso durante a nossa busca dessa enorme oportunidade de mercado juntos.”

“A JW Player tem estado na vanguarda da inovação em vídeo digital desde que o fundador Jeroen Wijering criou o vídeo player original do YouTube em 2008. Atualmente a empresa oferece a plataforma mais abrangente de tecnologia, publicidade e análise de dados do ecossistema de vídeo digital”, disse David Reuter, Sócio da LLR Partners. “Estamos prontos para fazer uma parceria com a equipe da JW Player para dar continuidade à expansão da sua plataforma e elevação da forma como as marcas podem hospedar, transmitir e monetizar vídeos.”

Sobre a JW Player
A JW Player é a principal plataforma de software de vídeo e insights de dados que oferece aos clientes independência e controle na economia de vídeo digital de hoje. Criada em 2008 como um player de vídeo de código aberto extremamente popular, a plataforma tecnológica da JW Player agora alimenta vídeo digital de centenas de milhares de empresas, incluindo metade dos 50 principais sites da comScore nos EUA, principais emissoras em toda a EMEA, APAC e América Latina. Todos os meses, 1 bilhão de espectadores, ou um terço de todas as pessoas na Internet, consomem vídeo na tecnologia da JW Player em 2,7 bilhões de dispositivos, criando um gráfico de dados contextuais e de consumo incomparável e potente que ajuda os clientes a aumentar o público e gerar vídeo incremental a partir do vídeo digital. A empresa está localizada em Nova York e tem escritórios em Londres e Eindhoven. Visite http://www.jwplayer.com.

Sobre a LLR Partners
A LLR Partners é uma empresa de capital privado de médio porte que investe em empresas de tecnologia e saúde. Colaboramos com as empresas do nosso portfólio para identificar e executar as principais iniciativas de crescimento e ajudar na criação de valor a longo prazo. Fundada em 1999 e com mais de US $ 5 bilhões arrecadados em seis fundos, a LLR é um provedor flexível de capital próprio para crescimento, recapitalizações e aquisições. Saiba mais em https://www.llrpartners.com/.

Contato com a Mídia:
Fatimah Nouilati
Scratch Marketing + Mídia em nome da JW Player
fatimah@scratchmm.com

Kristy DelMuto
LLR Partners
kdelmuto@llrpartners.com

JW Player lève 100 millions de dollars en série E pour aider à alimenter la croissance dans l’économie en rapide expansion de la vidéo numérique

Ce capital contribuera à accélérer la croissance de JW Player et à étendre sa plateforme déjà robuste, offrant contrôle et indépendance aux clients dans l’économie de la vidéo numérique

NEW YORK, 25 juin 2021 (GLOBE NEWSWIRE) — JW Player, la plus importante plateforme de logiciels vidéo et de connaissances tirées des données, a annoncé aujourd’hui avoir levé un financement de série E de 100 millions de dollars auprès de LLR Partners. Ce dernier investissement survient directement après une croissance record du streaming vidéo et une forte rentabilité au cours des 12 derniers mois. Grâce à ce financement, JW Player accélèrera l’innovation des produits pour répondre aux demandes en rapide évolution des clients dans l’environnement de la vidéo numérique d’aujourd’hui, étendra sa présence mondiale de mise sur le marché en matière de partenariats de distribution, de ventes et de marketing et continuera de croître et d’investir dans la création d’une équipe de classe mondiale.

Cette ronde de financement fait suite à la récente acquisition par JW Player de VUALTO, un fournisseur de premier plan de solutions de diffusion de vidéo en direct et à la demande et de gestion des droits numériques (DRM, Digital Rights Management), qui a approfondi l’offre de la société auprès des diffuseurs mondiaux. Dans les jours qui ont suivi l’acquisition, JW Player a connu une hausse et un afflux considérables des ventes et pipelines, en particulier dans les régions LATAM et APAC.

Lancée sous la forme d’un lecteur vidéo open source extrêmement populaire, la plateforme vidéo pilotée par API de JW Player permet aujourd’hui à des centaines de milliers de clients de contrôler et d’exploiter de manière indépendante leurs applications vidéo mobiles, OTT et Web à l’échelle mondiale. Point important : JW Player comprend des services et des connaissances uniques pilotés par les données pour permettre aux clients de se développer et d’interagir plus efficacement avec leur public et de générer des revenus supplémentaires grâce à leurs investissements vidéo. Rien que l’année dernière, le streaming vidéo de la société a augmenté de près de 200 %, tandis que sa diffusion en direct a augmenté de plus de 400 %.

Ce financement arrive alors que la consommation de vidéo numérique continue à s’étendre au grand public. La vidéo représente désormais plus de 80 % de l’ensemble du trafic sur Internet, et selon les données de JW Player, les gens consomment plus de deux heures de vidéo numérique chaque jour, soit une augmentation de 40 % depuis le début de l’année 2020. En conséquence, une stratégie de vidéo numérique est devenue « incontournable » non seulement pour les sociétés de médias, mais également pour les organisations de tous types, y compris de fitness, d’e-commerce, de sports et d’e-learning, entre autres. Ces entreprises ont toutes sortes de besoins, il leur faut une plateforme vidéo flexible qui leur permette d’interagir avec leur public sur les écrans de leur choix, et elles demandent à tirer un RSI quantifiable de leurs investissements vidéo. Compte tenu de cette dynamique, le marché potentiel est en bonne voie pour passer de 14 milliards de dollars aujourd’hui à 50 milliards de dollars d’ici 2027, soit un TCAC de 20 %.

« La vidéo est entrée dans un âge d’or, et nous vivons désormais dans l’économie de la vidéo numérique. En combinant notre technologie de plateforme vidéo facile à utiliser avec nos connaissances uniques tirées des données contextuelles et relatives à la consommation, JW Player possède un avantage distinct pour aider ses clients à développer leur audience, créer des expériences vidéo de classe mondiale sur n’importe quel écran et, surtout, générer plus de revenus », a déclaré Dave Otten, PDG et cofondateur de JW Player. « Alors que nous entamons cette prochaine phase, nous sommes ravis de nous associer à LLR. L’équipe de LLR apporte des décennies de soutien et d’expertise inégalés dans des entreprises de logiciels en pleine croissance révolutionnant le secteur, et elle nous aidera indubitablement à accélérer notre réussite alors que nous poursuivons ensemble cette énorme opportunité de marché. »

« JW Player est à l’avant-garde de l’innovation vidéo numérique depuis que le fondateur Jeroen Wijering a créé le lecteur vidéo original de YouTube en 2008. Aujourd’hui, la société propose la plateforme de technologie, de publicité et d’analyse de données la plus complète de l’écosystème de la vidéo numérique », a déclaré David Reuter, associé chez LLR Partners. « Nous sommes impatients de nous associer à l’équipe de JW Player alors qu’elle élargit sa plateforme et continue à améliorer la façon dont les marques peuvent héberger, diffuser et monétiser des vidéos. »

À propos de JW Player
JW Player est la plus importante plateforme de logiciels vidéo et d’informations tirées de données qui apporte aux clients l’indépendance et le contrôle dans l’économie de la vidéo numérique d’aujourd’hui. Lancée en 2008 en tant que lecteur vidéo open source extrêmement populaire, la plateforme technologique de JW Player alimente désormais la vidéo numérique pour des centaines de milliers d’entreprises, dont la moitié des 50 plus grands sites de comScore aux États-Unis, des diffuseurs de premier plan à travers l’EMEA, l’APAC et l’Amérique latine. Chaque mois, 1 milliard de téléspectateurs, soit un tiers de l’ensemble des internautes, consomment des vidéos sur la technologie de JW Player à travers 2,7 milliards d’appareils, engendrant une consommation inégalée et puissante et un graphique de données contextuelles qui aide les clients à accroître leur audience et à générer des vidéos incrémentales à partir de vidéos numériques. La société a son siège social à New York, et possède des bureaux à Londres et à Eindhoven. Rendez-vous sur le site sitehttp://www.jwplayer.com.

À propos de LLR Partners
LLR Partners est une société de capital-investissement sur le marché intermédiaire qui investit dans les secteurs de la technologie et de la santé. Nous collaborons avec nos sociétés de portefeuille pour identifier et exécuter les initiatives de croissance clés et aider à créer de la valeur à long terme. Fondée en 1999 et avec plus de 5 milliards de dollars collectés à travers six fonds, LLR est un fournisseur flexible de capitaux propres pour la croissance, les recapitalisations et les rachats. Pour en savoir plus, veuillez consulter le site https://www.llrpartners.com/.

Contacts auprès des médias :
Fatimah Nouilati
Scratch Marketing + Media pour JW Player
fatimah@scratchmm.com

Kristy DelMuto
LLR Partners
kdelmuto@llrpartners.com

Expert optimistic about China’s chipmaking industry

BEIJING, June 25, 2021 /PRNewswire/ — A news report by China.org.cn on Expert optimistic about China’s chipmaking industry.

The development of China’s domestic chipmaking industry is looking promising as advanced 28 and 14 nanometer (nm) processes are expected to enter mass production by the end of this year and next year respectively, an expert predicted.

Wen Xiaojun, head of the Electronic Information Institute at the China Center for Information Industry Development (CCID), told China’s news portal huanqiu.com, that he was seeing more encouraging signs in China’s chipmaking industry despite technological challenges.

orld Semiconductor Conference & Nanjing International Semiconductor Expo, opens in Nanjing, capital city of east China's Jiangsu province, on June 9. [Photo/VCG]

The country’s 14 nm process has navigated many technology difficulties with significant improvements to manufacturing techniques, packaging technologies and key equipment materials, signaling that the technology for this particular node is going to mature and enter mass production by next year, Wen explained.

“This means that China’s complete reliance on overseas supply chains is coming to an end,” he argued.

According to statistics, the global semiconductor market made around $200 billion in sales in the first half of 2019. The 14 nm chipmaking process accounted for 65% of those sales as it is widely used in fields like high-end consumer electronics, high-speed computing, artificial intelligence and automobiles.

The production lines for 14 nm and 12 nm chipmaking are believed to be critical in the semiconductor industry, as the 14 nm process and above can meet almost 70% of the industry demand for chips, and the 12 nm node can meet the requirements for most mid-end 5G chips.

With cautious optimism, Wen noted that although China’s chipmaking industry is delivering impressive results regarding the 14 nm node, domestic industry stakeholders still need to play catch-up with other global giants in order to bridge the technology gap, which, in his words, “calls for devoting more time, investment, and human resources.”

In an interview earlier in May with weiot.net, a media outlet focused on the Internet-of-Things (IoT) industry, Ni Guangnan, an academician of the Chinese Academy of Engineering, also stressed the importance of staying at the forefront of the advanced chipmaking industry to catch up with other leading countries.

Ni said new technology breakthroughs in the 28 nm and more advanced 14 nm nodes will raise morale in China’s semiconductor industry, and facilitate growth in cutting-edge sectors like new energy vehicles and artificial intelligence.

The World Semiconductor Conference kicked off in Nanjing, capital city of east China’s Jiangsu province, on June 9 this year, showcasing the innovative technology and applications in the semiconductor industry from home and abroad.

Industry leaders such as Taiwan Semiconductor Manufacturing Company (TSMC), Semiconductor Manufacturing International Corporation (SMIC), Synopsys Inc and Montage Technology participated in the conference together with over 300 exhibitors.

According to a report by China Daily, statistics show that the global sales volume of semiconductor products reached $123.1 billion in the first quarter, up 17.8% year-on-year.

Photo – https://mma.prnewswire.com/media/1551475/20210625.jpg

 

Synchronoss Technologies, Inc. Announces Proposed $120 Million Public Offering of Senior Notes

BRIDGEWATER, N.J., June 24, 2021 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (SNCR) (the “Company” or “Synchronoss”), a global leader and innovator in cloud, messaging and digital products and platforms, today announced that the Company intends to offer and sell, subject to market and other conditions, $120 million aggregate principal amount of senior notes due 2026 in an underwritten public offering. Synchronoss also expects to grant the underwriters a 30-day option to purchase an additional $5 million aggregate principal amount of senior notes in connection with the offering. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Synchronoss and the senior notes both received a rating of BB- from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.

All of the senior notes in the offering are to be sold by Synchronoss, with net proceeds of the offering, and of the anticipated offering of common stock and sale of Series B Preferred Stock (each as described below), expected to be used to fully redeem all outstanding shares of Synchronoss’ Series A Convertible Participating Perpetual Preferred Stock and repay amounts outstanding under Synchronoss’ revolving credit facility.

B. Riley Securities, Inc. (“BRS”) is acting as the sole book-running manager for the offering. Northland Capital Markets, Aegis Capital Corp. and EF Hutton, division of Benchmark Investments, LLC are acting as lead managers for the offering.

Concurrently with the offering, the Company anticipates offering, by means of a separate prospectus supplement, $100 million of shares of its common stock. In addition, B. Riley Principal Investments, LLC (“BRPI”), an affiliate of BRS, has entered into an agreement pursuant to which BRPI has agreed to purchase $75.0 million of the Company’s Series B Preferred Stock in a private transaction to be completed concurrently with the closing of the offering.

The senior notes described above are being offered by Synchronoss pursuant to a shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (SEC) and declared effective by the SEC on August 28, 2020. A preliminary prospectus supplement relating to and describing the terms of the offering will be filed with the SEC and will be available on the SEC’s web site at www.sec.gov. The final terms of the proposed offering will be disclosed in a final prospectus supplement to be filed with the SEC. When available, copies of the preliminary prospectus supplement relating to these securities may also be obtained by sending a request to: B. Riley Securities, Inc., at 1300 North 17th Street, Suite 1300, Arlington, VA 22209 or by calling (703) 312‐9580 or by emailing prospectuses@brileyfin.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Synchronoss

Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to statements regarding the public offering and the anticipated use of the proceeds thereof. These forward-looking statements are subject to a number of risks, including the satisfaction of customary closing conditions related to the proposed public offering and the risk factors set forth from time to time in Synchronoss’ SEC filings, including but not limited to the risks that are described in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections (as applicable) of Synchronoss’ Annual Report on Form 10-K for the year ended December 31, 2020 and Quarterly Report on Form 10-Q for the period ended March 31, 2021, which are on file with the SEC and available on the SEC’s website at www.sec.gov. In addition to the risks described above and in Synchronoss’ other filings with the SEC, other unknown or unpredictable factors also could affect Synchronoss’ results. No forward-looking statements can be guaranteed and actual results may differ materially from such statements. The information in this release is provided only as of the date of this release, and Synchronoss undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

Media

Diane Rose
CCgroup
diane@ccgrouppr.com

Investors

Todd Kehrli/Joo-Hun Kim
MKR Investor Relations, Inc.
investor@synchronoss.com

Lantronix annonce les lauréats des SmartEdge Partner Program Awards

Les lauréats du programme de partenariat SmartEdge sont Tech Data, SHI, Presidio, Atlantik, Arki, Data Equipment, Acromax, Rahi System India et Enthu Technology Sdn. Bhd.

IRVINE, Californie, 24 juin 2021 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ : LTRX), un fournisseur mondial de solutions clés en main sécurisées pour l’Internet des Objets (IdO) et la gestion des environnements distants (REM), proposant des logiciels en tant que services (SaaS), des services de connectivité, des services d’ingénierie et des solutions matérielles intelligentes, a dévoilé aujourd’hui les noms des lauréats de son programme de partenariat SmartEdge™. Les prix ont été décernés lors du Sommet 2021 des Partenaires SmartEdge de Lantronix, qui s’est tenu virtuellement le 23 juin 2021.

Les prix du programme de partenariat SmartEdge de Lantronix ont été décernés aux lauréats dans trois catégories : partenaire Distribution, partenaire StrategicEdge et partenaire Edge, couvrant trois régions : Amérique du Nord, Europe/Moyen-Orient/Afrique et Asie-Pacifique.

Les lauréats sont :
Amérique du Nord
Partenaire Distribution de l’année pour l’Amérique du Nord : Tech Data
Partenaire StrategicEdge de l’année pour l’Amérique du Nord :SHI
Partenaire Edge de l’année pour l’Amérique du Nord :Presidio

Europe/Moyen-Orient/Afrique (EMEA)
Partenaire Distribution de l’année pour l’EMEA : Atlantik Elektronik
Partenaire StrategicEdge de l’année pour l’EMEA : Arki Technology
Partenaire Edge de l’année pour l’EMEA :Data Equipment

Asie-Pacifique (APAC)
Partenaire Distribution de l’année pour l’APAC : Acromax
Partenaire StrategicEdge de l’année pour l’APAC : Rahi Systems, Inde
Partenaire Edge de l’année pour l’APAC : Enthu Technology Sdn. Bhd.

« Nous sommes heureux de mettre à l’honneur les lauréats du programme de partenariat SmartEdge, qui ont tous stimulé les ventes et établi des relations à long terme avec nos clients mutuels en dépassant les exigences et les attentes de notre programme », a déclaré Roger Holliday, vice-président des ventes mondiales chez Lantronix.

Premier anniversaire du programme de partenariat SmartEdge

Lantronix a célébré le premier anniversaire de son nouveau programme de partenariat SmartEdge en avril 2021. « Le programme Lantronix de partenariat SmartEdge a attiré les principaux partenaires de distribution du secteur », a déclaré Jonathan Shipman, vice-président de la stratégie chez Lantronix. « Grâce à notre programme SmartEdge, nos partenaires de distribution proposent l’offre intégrée de solutions logicielles, matérielles et de services de Lantronix, fournissant ainsi à leurs clients tout ce dont ils ont besoin pour construire des solutions robustes et sécurisées basées sur la connectivité. »

Lantronix entre dans le Guide CRN des programmes de partenariat

Le programme de partenariat SmartEdge de Lantronix a été retenu dans le guide des programmes de partenariat le plus en vue du secteur, le Guide CRN des programmes de partenariat. Publié par CRN®, une marque de The Channel Company, ce guide annuel fournit une liste concluante des programmes de partenariat les plus prestigieux provenant de sociétés technologiques de premier plan qui fournissent des produits et des services via le canal informatique. Le Guide des programmes de partenariat 2021 est disponible en ligne à l’adresse www.CRN.com/PPG.

À propos du programme de partenariat SmartEdge

Le programme de partenariat SmartEdge™ de Lantronix a été conçu pour aider les revendeurs à valeur ajoutée (VAR) et les intégrateurs de systèmes (SI) à générer des revenus en différenciant leurs offres grâce à l’Internet des Objets (IdO) industriel innovant, la gestion des environnements distants (REM), la gestion hors bande (OOBM) et les solutions de mobilité/connectivité de Lantronix.

Pour tout complément d’information sur le programme de partenariat SmartEdge de Lantronix, veuillez consulter la page www.lantronix.com/partners.

À propos de Lantronix

Lantronix Inc. est un fournisseur mondial de solutions clés en main sécurisées pour l’Internet des Objets (IdO) et la gestion des environnements distants (REM), proposant des logiciels en tant que services (SaaS), des services de connectivité, des services d’ingénierie et des solutions matérielles intelligentes. Lantronix permet à ses clients de fournir des solutions fiables et sécurisées, tout en raccourcissant leurs délais de mise sur le marché. Les produits et services de Lantronix simplifient considérablement les opérations via la création, la mise au point, le déploiement et la gestion des projets des clients à l’échelle, tout en garantissant la qualité, la fiabilité et la sécurité.

Fort de trois décennies d’expérience éprouvée dans la création de solutions robustes pour les technologies IdO et l’OOBM, Lantronix est un innovateur qui permet à ses clients de construire de nouveaux modèles commerciaux, de tirer parti d’une plus grande efficacité et de réaliser les possibilités offertes par l’Internet des Objets. Les solutions de Lantronix sont déployées à l’intérieur de millions de machines équipant des datacenters, bureaux et sites distants pour le compte d’une large gamme de secteurs, parmi lesquels l’énergie, l’agriculture, la médecine, la sécurité, la fabrication, la distribution, le transport, le commerce de détail, la finance, l’environnement et les services publics.

Lantronix a son siège à Irvine, en Californie. Pour tout complément d’information, veuillez consulter le site www.lantronix.com. Vous en apprendrez davantage sur le blog de Lantronix, www.lantronix.com/blog, où vous trouverez les discussions et les actualités du secteur. Pour suivre Lantronix sur Twitter, veuillez vous rendre sur la page www.twitter.com/Lantronix. Visionnez notre vidéothèque sur YouTube à l’adresse www.youtube.com/user/LantronixInc ou connectez-vous avec nous sur LinkedIn à l’adresse www.linkedin.com/company/lantronix.

Déclaration « Safe Harbor » en vertu de la loi Private Securities Litigation Reform Act de 1995 : toutes les déclarations contenues dans le présent communiqué de presse qui ne sont pas de nature entièrement historique et factuelle, y compris, à titre non limitatif, les déclarations relatives à nos solutions, technologies et produits sont des énoncés prospectifs. Ces énoncés prospectifs sont fondés sur nos attentes actuelles et sont assujettis à des risques et incertitudes importants qui pourraient faire que nos résultats, nos activités, notre situation financière ou nos performances réels diffèrent sensiblement de nos résultats historiques ou de ceux exprimés ou sous-entendus dans tout énoncé prospectif contenu dans le présent communiqué de presse. Les risques et incertitudes potentiels incluent, entre autres, des facteurs tels que les effets négatifs ou l’aggravation de la situation économique régionale et mondiale ou l’instabilité du marché sur nos activités, y compris les effets sur les décisions d’achat de nos clients ; l’impact de la pandémie de COVID-19 sur nos employés, les chaînes d’approvisionnement et de distribution, et l’économie mondiale ; les risques en matière de cybersécurité ; les modifications des lois, réglementations et tarifications gouvernementales américaines et étrangères en vigueur ; notre capacité à mettre en œuvre avec succès notre stratégie d’acquisition ou à intégrer les entreprises acquises ; les difficultés et coûts liés à la protection des droits de brevet et autres droits de propriété ; notre niveau d’endettement, notre capacité à rembourser notre dette et les restrictions imposées à nos accords de dette ; ainsi que tout autre facteur inclus dans notre rapport annuel sur Formulaire 10-K pour l’exercice clos le 30 juin 2020, déposé auprès de la Securities and Exchange Commission (« SEC ») le 11 septembre 2020, y compris dans la section concernant les « Facteurs de risque » sous l’alinéa 1A de la première partie de ce rapport, ainsi que dans nos autres documents publics déposés auprès de la SEC. Des facteurs de risque supplémentaires sont susceptibles d’être identifiés occasionnellement dans nos futurs dépôts. Les énoncés prospectifs inclus dans le présent communiqué de presse ne sont valables qu’à la date indiquée dans celui-ci, et nous déclinons toute obligation de mettre à jour ces énoncés prospectifs dans l’intention de refléter des événements ou circonstances survenant ultérieurement.

© 2021 Lantronix, Inc. Tous droits réservés. Lantronix est une marque déposée, et EMG et ConsoleFlow sont des marques commerciales de Lantronix Inc. Les autres marques et appellations commerciales appartiennent à leurs propriétaires respectifs.

© 2021. CRN est une marque déposée de The Channel Company, LLC. Tous droits réservés.

Contact Lantronix pour les médias :
Gail Kathryn Miller
Responsable du marketing et des
communications d’entreprise
media@lantronix.com
949-453-7158

Contact Lantronix pour les analystes et les investisseurs :
Jeremy Whitaker
Directeur financier
investors@lantronix.com
949-450-7241

Ventes Lantronix :
sales@lantronix.com
Amériques : +1 (800) 422-7055 (États-Unis et Canada) ou +1 949-453-3990
Europe, Moyen-Orient et Afrique : +31 (0)76 52 36 744
Asie/Pacifique : + 852 3428-2338
Chine : + 86 21-6237-8868
Japon : +81 (0) 50-1354-6201
Inde : +91 994-551-2488

Lantronix Anuncia Nomes dos Vencedores do Prêmio SmartEdge Partner Program

Os vencedores do SmartEdge Partner Program são Tech Data, SHI, Presidio, Atlantik, Arki, Data Equipment, Acromax, Rahi System India e Enthu Technology Sdn. Bhd.

IRVINE, Califórnia, June 24, 2021 (GLOBE NEWSWIRE) — A Lantronix Inc. (NASDAQ: LTRX), provedora global de soluções turnkey seguras para Internet das Coisas (IoT) e Remote Environment Management (REM), oferecendo Software as a Service (SaaS), serviços de conectividade, serviços de engenharia e hardware inteligente, anunciou hoje os nomes dos vencedores dos seus SmartEdge™ Partner Program Awards. Os prêmios foram concedidos no 2021 SmartEdge Partner Summit da Lantronix, realizada virtualmente em 23 de junho de 2021.

Os Prêmios do SmartEdge Partner Program da Lantronix foram concedidos aos vencedores em três categorias: Parceiro de Distribuição, Parceiro StrategicEdge e Parceiro Edge de três regiões: América do Norte, Europa/Oriente Médio/África e Ásia-Pacífico.

Os vencedores são:
América do Norte
Parceiro Distribuidor do Ano da América do Norte: Tech Data
Parceiro StrategicEdge do Ano da América do Norte: SHI
Parceiro Edge do Ano da América do Norte: Presidio

Europa/Médio Oriente/África (EMEA)
Parceiro Distribuidor do Ano da EMEA: Atlantik Elektronik
Parceiro StrategicEdge do Ano da EMEA: Arki Technology
Parceiro Edge do Ano da EMEA: Data Equipment

Ásia-Pacífico (APAC)
Parceiro Distribuidor do Ano da APAC: Acromax
Parceiro StrategicEdge do Ano da APAC: Rahi Systems, Índia
Parceiro Edge do Ano da APAC: Enthu Technology Sdn. Bhd.

“’E com prazer que homenageamos os vencedores do Programa de Parceiros SmartEdge, que excederam os requisitos e expectativas do nosso programa ao impulsionar as vendas e criar relacionamentos de longo prazo com nossos clientes mútuos”, disse Roger Holliday, VP de Vendas WW da Lantronix.

Aniversário de Um Ano do SmartEdge Partner Program

A Lantronix celebrou o aniversário de um ano do seu novo SmartEdge Partner Program em abril de 2021. “O Lantronix SmartEdge Partner Program atraiu os principais parceiros de canal da indústria”, disse Jonathan Shipman, VP de Estratégia da Lantronix. “Com o nosso SmartEdge Program, nossos parceiros de canal podem oferecer o conjunto integrado da Lantronix de soluções de software, hardware e serviço, que proporciona aos seus clientes tudo o necessário para a criação de soluções robustas e seguras baseadas em conectividade.”

Lantronix Incluída no CRN Partner Program Guide

O SmartEdge Partner Program da Lantronix foi incluído no guia do programa de parceiros líder do setor, o CRN Partner Program Guide. Publicado pela CRN®, uma marca da The Channel Company, este guia anual fornece uma lista definitiva dos programas de parceiros mais distintos de empresas líderes em tecnologia que fornecem produtos e serviços através do IT Channel. O 2021 Partner Program Guide pode ser acessado online em www.CRN.com/PPG.

Sobre o SmartEdge Partner Program

O Programa de Parcerias SmartEdge™ da Lantronix foi projetado para ajudar Revendedores de Valor Agregado (VARs) e Integradores de Sistemas (SIs) a gerar receitas, diferenciando suas ofertas com as inovadoras soluções Internet das Coisas (IoT) Industrial, Remote Environment Management (REM), Out-of-Band Management (OOBM) e Mobility/Connectivity da Lantronix.
Para mais informação sobre o Lantronix SmartEdge Partner Program, visite www.lantronix.com/partners.

Sobre a Lantronix

A Lantronix Inc. é provedora global de soluções turnkey seguras para Internet das Coisas (IoT) e Remote Environment Management (REM), oferecendo Software as a Service (SaaS), serviços de conectividade, serviços de engenharia e hardware inteligente. A Lantronix permite que seus clientes forneçam soluções confiáveis e seguras, acelerando seu tempo de colocação no mercado. Os produtos e serviços da Lantronix simplificam drasticamente as operações através da criação, desenvolvimento, implantação e gerenciamento de projetos de clientes em escala, proporcionando qualidade, confiabilidade e segurança.

Com três décadas de experiência comprovada na criação de tecnologias IoT e soluções OOBM robustas, a Lantronix é uma inovadora ao capacitar seus clientes a construir novos modelos de negócios, utilizar maiores eficiências e entender as possibilidades da Internet das Coisas. As soluções da Lantronix são implantadas dentro de milhões de máquinas em data centers, escritórios e locais remotos que atendem a uma ampla gama de indústrias, incluindo energia, agricultura, medicina, segurança, fabricação, distribuição, transporte, varejo, financeiro, ambiental e governamental.

A sede da Lantronix está localizada em Irvine, Califórnia. Para mais informação, visite www.lantronix.com. Obtenha mais informações no blog da Lantronix, www.lantronix.com/blog, com discussões e atualizações da indústria. Para seguir a Lantronix no Twitter, visite www.twitter.com/Lantronix. Consulte a nossa biblioteca de vídeos no YouTube em www.youtube.com/user/LantronixInc ou conecte-se conosco no LinkedIn em www.linkedin.com/company/lantronix.

“Declaração Safe Harbor sob a Lei Private Securities Litigation Reform Act de 1995: Quaisquer declarações estabelecidas neste comunicado de imprensa que não sejam de natureza inteiramente histórica e baseadas em fatos, incluindo, sem limitação, declarações relacionadas a nossas soluções, tecnologias e produtos são consideradas declarações prospectivas. Essas declarações prospectivas são baseadas nas nossas expectativas atuais e estão sujeitas a riscos e incertezas substanciais que podem fazer com que nossos resultados reais, negócios futuros, condição financeira ou desempenho, sejam substancialmente diferentes dos nossos resultados históricos, expressos ou implícitos, em qualquer declaração prospectiva contida neste comunicado de imprensa. Os riscos e incertezas potenciais incluem, mas não estão limitados a, fatores tais como os efeitos das condições econômicas regionais e mundiais negativas ou piores, ou instabilidade do mercado nos nossos negócios, incluindo efeitos sobre as decisões de compra por nossos clientes; o impacto do surto de COVID-19 nos nossos funcionários, cadeias de fornecimento e distribuição, e na economia global; riscos de segurança cibernética; mudanças nas leis, regulamentos e tarifas aplicáveis do governo dos EUA e de outros países; nossa capacidade de implementar com sucesso nossa estratégia de aquisições ou integrar as empresas adquiridas; dificuldades e custos com a proteção de patentes e outros direitos de propriedade; o nível da nossa dívida, nossa capacidade de lidar com a nossa dívida, e as restrições dos nossos contratos de dívida; e quaisquer fatores adicionais incluídos no nosso Relatório Anual no Formulário 10-K do exercício fiscal encerrado em 30 de junho de 2020, arquivado na Comissão de Valores Mobiliários (a “SEC”) em 11 de setembro de 2020, incluindo na seção intitulada “Fatores de Risco” no Item 1A da Parte I de tal relatório, bem como nos nossos outros registros públicos com a SEC. Fatores de risco adicionais podem ser identificados ocasionalmente nos nossos futuros documentos. As declarações prospectivas incluídas neste comunicado são válidas apenas a partir da presente data, e não assumimos nenhuma obrigação de atualizar essas declarações prospectivas para indicar eventos ou circunstâncias subsequentes.

© 2021 Lantronix, Inc. Todos os direitos reservados. Lantronix é uma marca comercial registrada, e EMG e ConsoleFlow são marcas comerciais da Lantronix Inc. Outras marcas comerciais e nomes comerciais pertencem aos seus respectivos proprietários.

© 2021. CRN é uma marca comercial registrada da The Channel Company, LLC. Todos os direitos reservados.

Contato de Mídia da Lantronix:
Gail Kathryn Miller
Gerente de Marketing e
Comunicações Corporativas
media@lantronix.com
949-453-7158

Contato para Analista e Investidor da Lantronix:
Jeremy Whitaker
Diretor Financeiro
investors@lantronix.com
949-450-7241

Vendas da Lantronix:
sales@lantronix.com
Américas +1 (800) 422-7055 (EUA e Canadá) ou +1 949-453-3990
Europa, Oriente Médio e África +31 (0)76 52 36 744
Ásia-Pacífico + 852 3428-2338
China + 86 21- 6237-8868
Japão +81 (0) 50- 1354-6201
Índia +91 994- 551-2488

Synchronoss Technologies, Inc. Announces Proposed $100 Million Public Offering of Common Stock

BRIDGEWATER, N.J., June 24, 2021 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (SNCR) (the “Company” or “Synchronoss”), a global leader and innovator in cloud, messaging and digital products and platforms, today announced that the Company intends to offer and sell, subject to market and other conditions, $100 million of shares of its common stock in an underwritten public offering. Synchronoss also expects to grant the underwriters a 30-day option to purchase up to an additional $10 million of shares of common stock sold in the offering, at the public offering price, less the underwriting discounts and commissions. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

All of the shares in the offering are to be sold by Synchronoss, with net proceeds of the offering, and from the offering of Senior Notes and sale of Series B Preferred Stock (each as described below), expected to be used to fully redeem all outstanding shares of Synchronoss’ Series A Convertible Participating Perpetual Preferred Stock and repay amounts outstanding under Synchronoss’ revolving credit facility.

B. Riley Securities, Inc. (“BRS”) is acting as the lead underwriter and sole book-running manager for the offering. Northland Capital Markets is acting as co-manager for the offering.

Concurrently with the offering, the Company is offering, by means of a separate prospectus supplement, $120 million aggregate principal amount of senior notes due 2026 (the “Senior Notes”). In addition, B. Riley Principal Investments, LLC (“BRPI”), an affiliate of BRS, has entered into an agreement pursuant to which BRPI has agreed to purchase $75.0 million of the Company’s Series B Preferred Stock in a private transaction to be completed concurrently with the closing of the offering.

The shares of common stock described above are being offered by Synchronoss pursuant to a shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (SEC) and declared effective by the SEC on August 28, 2020. A preliminary prospectus supplement relating to and describing the terms of the offering will be filed with the SEC and will be available on the SEC’s web site at www.sec.gov. The final terms of the proposed offering will be disclosed in a final prospectus supplement to be filed with the SEC. When available, copies of the preliminary prospectus supplement relating to these securities may also be obtained by sending a request to: B. Riley Securities, Inc., at 1300 North 17th Street, Suite 1300, Arlington, VA 22209 or by calling (703) 312‐9580 or by emailing prospectuses@brileyfin.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Synchronoss

Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to statements regarding the public offering and the anticipated use of the proceeds thereof. These forward-looking statements are subject to a number of risks, including the satisfaction of customary closing conditions related to the proposed public offering and the risk factors set forth from time to time in Synchronoss’ SEC filings, including but not limited to the risks that are described in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections (as applicable) of Synchronoss’ Annual Report on Form 10-K for the year ended December 31, 2020 and Quarterly Report on Form 10-Q for the period ended March 31, 2021, which are on file with the SEC and available on the SEC’s website at www.sec.gov. In addition to the risks described above and in Synchronoss’ other filings with the SEC, other unknown or unpredictable factors also could affect Synchronoss’ results. No forward-looking statements can be guaranteed and actual results may differ materially from such statements. The information in this release is provided only as of the date of this release, and Synchronoss undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

Media

Diane Rose
CCgroup
diane@ccgrouppr.com

Investors

Todd Kehrli/Joo-Hun Kim
MKR Investor Relations, Inc.
investor@synchronoss.com

1800 Half Street Project Receives I-924 Exemplar Approval

WASHINGTON, June 24, 2021 (GLOBE NEWSWIRE) — Today EB5 Capital announced its receipt of an I-924 exemplar approval for its 1800 Half Street project, located in the Southwest waterfront area of Washington, DC. The United States Citizenship and Immigration Services (USCIS) approved the project in approximately eight months. At a recent Senate Judiciary Committee nomination hearing, the USCIS Director Ur Mendoza Jaddou declared that improving long processing times at the USCIS is a top priority in her new role.

“Raising capital overseas during the COVID-19 outbreak last year was challenging,” said Natalia Pronina, EB5 Capital’s Vice President of Investor Relations. “This swift project approval is encouraging to our investors who put their capital at risk during such an uncertain period for the global economy.”

EB5 Capital contributed $9 million from 10 foreign investors for an equity investment in MRP Realty’s development of an 11-story, 300,000 square foot multifamily development with 344 apartment units. The construction for 1800 Half Street began in Q3 2020 and the property is scheduled to open in late 2022.

“We are pleased to share this positive news about 1800 Half Street,” said Mariana Gomez, EB5 Capital’s Senior Vice President of Corporate Communications and Operations. “We closely monitor the status of our investors’ immigration petitions, and we expect to see individual I-526 approvals in the near future, given that the project documents have already been reviewed and approved by the USCIS.”

About EB5 Capital

EB5 Capital provides qualified investors from around the world with opportunities to invest in job-creating commercial real estate projects to obtain U.S. permanent residency, as well as private equity investments and secondary passports. For more information, visit http://www.eb5capital.com.

Contact:
Juline Kaleyias
(202) 652-2437
media@eb5capital.com

SWAPO calls off election rallies in Opuwo Rural amid COVID-19 spike

The Swapo Party has called off all its planned rallies for the Opuwo Rural Constituency by-elections amidst skyrocketing Coronavirus (COVID-19) cases, and its measures and regulations as announced by President Hage Geingob.

The president on 15 June 2021 put in place tighter measures to cut the rapid spread of COVID-19 in the country, thus limiting the number of gatherings to 10 people for all events, including political party campaigns. Swapo announced on Friday that all their rallies for the said elections have been called off, with the party opting for other means of campaigning, less than two weeks before the elections.

These announcements were shared with Nampa by the party’s Kunene Coordinator, Tuarunugua Kavari, in an interview, where he stated that the party will implement a systematic and scientific door-to-door canvassing to mobilise their supporters.

“Due to the COVIF-19 situation, we planned to suspend all public rallies and we, therefore, advised our members to rather campaign via door to door campaign, with a limited number of only 10 people allowed at small meetings,’ he added.

The Opuwo Rural Constituency Regional Councillor by-election was necessitated by the death of Cornelius Uaurikua Kakuva of the Popular Democratic Movement (PDM) in April.

Source: Namibia Press Agency

Oshana records 150 GBV cases and 28 rape in the last five months

Oshana Governor, Elia Irimari, has expressed concern over the number of gender-based violence cases recorded in the region, saying it should not be tolerated.

Irimari said this while delivering his third State of the Region Address (SORA) as governor of Oshana, in which he said the region recorded 150 GBV cases and 28 rape cases between January and May 2021.

‘This is a very big disappointment… We should not tolerate any form of violence against women and children,’ he said.

Irimari also noted concern regarding education projects that were abandoned during the 2016/17 financial year at some schools in the region, urging the education ministry to follow up on them and ensure that they are completed.

The governor, in his address, said he was pleased with the progress made by Oshakati, Ongwediva and Ondangwa in the provision of essential services, saying with the current high demand for urban land, solutions lie in mass land servicing and essential urban services infrastructure development.

“The local authorities are also developing recreational facilities for the youth in the region,” he said.

He lauded regional stakeholders for their collaborative efforts in supporting local businesses in assisting communities affected by COVID-19 through financial means and donation of medical equipment, among others.

Irimari added that three businesses have so far benefited from the joint initiative by the Ministry of Industrialisation and Trade, Standard Bank Namibia and the Environmental Investment Fund of Namibia at a cost of N.dollars 457 000, which established the Sustainable Development Goals Facility to improve access to capital and provide financing for women and youth in business.

The governor also gave account for the N.dollars 2 million budget allocated to the Oshana Regional Council by the Ministry of Urban and Rural Development (MURD) for the construction of service infrastructure at the Eheke and Uukwanguka settlements, saying N.dollars 765 014 was spent on cadastral surveying at the two settlements.

Furthermore, MURD allocated N.dollars 1.9 million to the council for rural development programmes and of this amount, N.dollars 1 million was used to construct 76 toilets, while N.dollars 423 109 was used for 11 projects under the Regional Specific Action Plan for food security and N.dollars 423 109 for 11 micro-finance projects.

Source: Namibia Press Agency

NRU hires Coetzee

The Namibia Rugby Union (NRU) has appointed former South Africa, Stormers and Eastern Province Rugby coach Allister Coetzee as head coach of the national team with immediate effect.

His contract will run until the 2023 Rugby World Cup (RWC) scheduled for France.

In a statement to the media, NRU President Corrie Mensah said the NRU believes that Coetzee will assist in realising the union’s goal of not only qualifying for the next World Cup, but that the national team competes at the highest level and does not only participate.

“As the rugby community of Namibia, we welcome Coetzee and trust that together we will take Namibian rugby to greater heights. The NRU will support Allister by creating the most conducive environment in order to successfully coach the national senior team and to deliver on expectations,” he said.

Mensah said Coetzee’s salary will be covered by the NRU.

Meanwhile, Coetzee in the statement said he was grateful for the opportunity and was looking forward to meeting the squad and getting started.

“I am grateful and honoured to be appointed to this position. I will do everything in my power to see Namibia qualify for the 2023 RWC in France. There are going to be trying conditions and circumstances as the world is currently facing this pandemic. I would like to thank the NRU and World Rugby for the confidence and trust bestowed on me,” he said.

Coetzee’s first task will be to coach the team during the forthcoming Rugby Africa Gold Cup Pool A Tournament slated for Ivory Coast from 03 to 11 July 2021.

The Namibia national team, Madagascar and Ivory Coast will participate in a tournament that will see the best two teams of each of the four pools qualify for the Rugby Africa Cup 2022 (Top 8), which will serve as the final Rugby World Cup 2023 qualification event.

During the tournament, Coetzee will be assisted by Robbie Dickson and Chrysander Botha who have been interim coach and assistant coach respectively.

His other goal is to ensure that Namibia wins its first-ever match at the World Cup after five previous attempts.

Source: Namibia Press Agency

Young people unaware of AfCFTA opportunities: Nandi-Ndaitwah

There is a need to invest more in awareness campaigns regarding opportunities presented by the African Continental Free Trade Area (AfCFTA) as young people do not understand it.

This is according to Deputy Prime Minister and Minister of International Relations and Cooperation Netumbo Nandi-Ndaitwah, who participated in the 11th Dr Theo-Ben Gurirab Lecture Series, virtually held on Friday under the theme: ‘How can young entrepreneurs diversify their business models to reach new markets through the AfCFTA’.

“In general, if you ask most young people how they intend to take up export opportunities presented by AfCFTA, you will note that the recurring answer will be, ‘what is AfCFTA?’ Most of the youth across the continent don’t understand what this is, let alone where the starting point is, for them to benefit from the agreement,” Nandi-Ndaitwah said.

AfCFTA is one of the flagship projects of the African Union’s Agenda 2063 aimed at boosting intra-African trade by eliminating tariffs on most goods, liberalising the trade of services and addressing obstacles to trade between African countries.

The agreement will present opportunities for inter-African trade which Namibia can tap into. According to the World Bank, the successful implementation of AfCFTA has the potential of lifting nearly 30 million Africans out of extreme poverty and raising the incomes for 68 million people, the majority of whom will be women and youth.

Nandi-Ndaitwah highlighted that sharing information among youth entrepreneurs, networking, research, innovation and being proactive are some of the immediate and critical steps young entrepreneurs need to take in order to diversify their businesses to reach new markets through the AfCFTA.

“To boost intra-Africa trade, African governments need to invest heavily in skills training. Africa needs to close the widening gap of food imports. Youth entrepreneurship could with the requisite skills, finance and support, adopt new climate-friendly cultivation and processing methods to address this critical issue,” she said, adding that government has taken steps to promote youth entrepreneurship and will continue to ensure a conducive environment for SMEs to grow and expand.

The Ministry of International Relations and Cooperation, through its active economic diplomacy will continue to facilitate trade missions and assist Namibian businesses to take full advantage of the AfCFTA, she added.

Source: Namibia Press Agency

Government wage index posted marginal growth of 0.1 per cent: NSA

The government wage index report indicates a marginal growth of 0.1 per cent, with a recording of 134.7 basis points during the first quarter of 2021 compared to the 134.5 basis points recorded in the first quarter of 2020.

The report availed on Thursday by the Namibia Statistics Agency (NSA) said the increase mainly emanates from the education sector which reacted to a growth of 1.6 per cent standing at 128 basis points in the first quarter of 2021.

“The growth is attributed to increased numbers of teachers within the public education sector. The public administration index, on the other hand, declined, posting 140.4 basis points during the period under review representing a reduction of 0.8 basis points relative to the 141 basis points witnessed in the corresponding quarter of 2020,” it said. The performance is ascribed to the reduction in the number of employees compensated within central government. Similarly, the health index contracted to 124 basis points during the first quarter of 2021 compared to 125 basis points in the same quarter of 2020, the report reads.

Furthermore, the agency’s Agricultural Statistics Bulletin issued on Thursday indicates that agricultural activities for the first quarter of 2021 experienced massive challenges such as locust outbreaks as well as Foot and Mouth Disease, which destroyed grazing land and restricted animal movement for marketing.

“The size of this sector for the first quarter of 2021 in value addition expanded to N.dollars 3.8 billion from N.dollars 3 billion registered in the first quarter of 2020,” it said.

The contribution of the Agriculture, Forestry and Fishing sectors to the Gross Domestic Product in the first quarter of 2021 was 8.1 per cent an expansion from a share of 6.1 per cent recorded in the first quarter of 2020 it noted, saying that the sector’s trade deficit widened over a year from N.dollars 197 million recorded in the first quarter of 2020 to N.dollars 231.5 million recorded in the quarter under review, an indication of the increased dependency on imports during the quarter under review.

Source: Namibia Press Agency