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AM Best Upgrades Credit Ratings of Physicians Health Plan of Northern Indiana, Inc.

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OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has upgraded the Financial Strength Rating (FSR) to B++
(Good) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term
ICR) to “bbb” from “bbb-” of Physicians Health Plan of Northern Indiana,
Inc. (PHP) (Fort Wayne, IN). The outlook of these Credit Ratings
(ratings) is stable.

The ratings reflect PHP’s balance sheet strength, which AM Best
categorizes as strong, as well as its marginal operating performance,
limited business profile and appropriate enterprise risk management.

The upgrade of the ratings reflect the trend of balance sheet
strengthening for the company. PHP’s risk-adjusted capitalization, as
measured by Best’s Capital Adequacy Ratio, increased materially over the
past two years based on retained earnings and a decline in business
risk. The company exited the individual line of business after the end
of the 2016 benefit year, which drove a decrease in risk premiums and a
marked improvement in operating results that was the main driver of
capital and surplus growth. Premium growth resumed over the past year as
the company reported enrollment gains in its small group business. The
company’s fee revenue from its third party administration business also
has increased.

PHP rebalanced its investment portfolio in 2018, which drove an increase
in investment income and realized gains for the year. PHP’s investment
portfolio equity exposure declined as the allocation shifted from
single-issue equities to mutual funds and fixed-income securities.
However, as part of the change in investment strategy, the fixed-income
portfolio credit quality changed from predominately NAIC 1 bonds to an
equal mix of NAIC 1 and NAIC 2 bonds.

Partially offsetting these positive rating factors is PHP’s business
concentration in the small to mid-size group commercial segment in the
company’s core service area of Northern Indiana. PHP’s service area is
aligned with its network of sponsoring providers. PHP does not have a
material market share and it faces competition from large national
carriers. Furthermore, the company is exposed to regulatory risk as
about two-thirds of its small group business is in the Affordable Care
Act (ACA) compliant products.

This press release relates to Credit Ratings that have been published
on AM Best’s website. For all rating information relating to the release
and pertinent disclosures, including details of the office responsible
for issuing each of the individual ratings referenced in this release,
please see AM Best’s
Recent
Rating Activity
web page. For additional information
regarding the use and limitations of Credit Rating opinions, please view
Understanding
Best’s Credit Ratings
. For information on the proper media
use of Best’s Credit Ratings and AM Best press releases, please view
Guide
for Media – Proper Use of Best’s Credit Ratings and AM Best Rating
Action Press Releases
.

AM Best is a global rating agency and information provider with a
unique focus on the insurance industry. Visit
www.ambest.com
for more information
.

Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its
affiliates. ALL RIGHTS RESERVED.

Contacts

Bridget Maehr
Associate Director
+1 908 439
2200, ext. 5321

bridget.maehr@ambest.com

Sally Rosen
Senior Director
+1 908 439 2200,
ext. 5280

sally.rosen@ambest.com

Christopher Sharkey
Manager, Public Relations
+1
908 439 2200, ext. 5159

christopher.sharkey@ambest.com

Jim Peavy
Director, Public Relations
+1 908
439 2200, ext. 5644

james.peavy@ambest.com

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Business Wire

Motorola Solutions to Showcase the Latest in Mission-Critical Innovation at CCW 2019

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Enabling public safety and enterprise organisations to rise to the
challenge with a complete, integrated mission-critical ecosystem

KUALA LUMPUR, Malaysia–(BUSINESS WIRE)–Motorola
Solutions
will demonstrate how its advanced, mission-critical
solutions enable public safety and enterprise organisations to overcome
their most complex challenges at Critical
Communications World 2019
(June 18-20, MITEC, Kuala Lumpur,
Malaysia, booth G30).

At CCW 2019, Motorola Solutions will showcase a comprehensive set of
innovations spanning mission-critical communications, command centre
software, video security solutions and managed and support services.

Mission-critical communications are essential to maintaining safety and
security for our communities, from daily operations to extreme events
including disaster recovery. These solutions are essential for the Asia
Pacific region, as evidenced by a United Nations report estimating that
economic losses from natural disasters could reach USD$160
billion annually by 2030
. Organisations also demand new solutions to
augment voice communication with the unprecedented volumes of data and
video available today.

To address this need, Motorola Solutions has brought together a
comprehensive, integrated mission-critical ecosystem of technologies
comprising:

  • Mission-Critical Communications: including the TLK100
    and LEX
    L11 LTE
    devices that show what is possible over LTE networks and
    the ultra-portable LXN505
    public safety LTE infrastructure system.
  • Command Centre Software: to streamline and simplify daily
    workflows including CommandCentral
    Aware
    , the world’s only unified, proven, end-to-end public safety
    applications suite.
  • Video Security Solutions: including the latest from Avigilon’s
    video security and analytics portfolio including the H4
    Thermal camera
    with self-learning video analytics.
  • Managed & Support Services: to enable customers to focus on
    their mission while staying ahead of cybersecurity threats.

Having access to the right data enables organisations to make fast and
accurate decisions about where to place their valuable resources, which
work to prioritise and how to prepare for their most challenging
events,” Motorola Solutions corporate vice president, Mike deVente, said.

The mission-critical ecosystem we are demonstrating at CCW draws on our
90 year heritage of innovation and our strong understanding of
customers’ daily operational needs,” he said.

At CCW, commercial customers in the transportation, energy and utilities
segments will also learn how Motorola Solutions’ mission-critical
ecosystem and the innovations in critical communications can be
customised to meet their needs. One recent example of this is Motorola
Solutions’ successful integration work with Siemens to achieve railway
signalling over TETRA networks to European Train Control System (ETCS)
Level 2 standards.

About Motorola Solutions

Motorola Solutions is a global leader in mission-critical
communications. Our technology platforms in communications, command
center software, video security solutions and managed and support
services make cities safer and help communities and businesses thrive.
At Motorola Solutions, we are ushering in a new era in public safety and
security. Learn more at http://www.motorolasolutions.com.

MOTOROLA, MOTOROLA SOLUTIONS and the Stylized M Logo are trademarks
or registered trademarks of Motorola Trademark Holdings, LLC and are
used under license. All other trademarks are the property of their
respective owners. ©2019 Motorola Solutions, Inc. All rights reserved.

Contacts

Media Contacts
Damien Batey
Motorola Solutions
Mobile: +61
(0) 428 036 806
Damien.Batey@motorolasolutions.com

Michael
Lee
Motorola Solutions
Mobile: +65 9755 7025
MichaelKitWai.Lee@motorolasolutions.com

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Business Wire

Motorola Solutions celebrates 45 years of global innovation in Malaysia

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Mission-critical ecosystem of technologies developed in Penang, taken
to the world

PENANG, Malaysia–(BUSINESS WIRE)–Motorola
Solutions
 is celebrating 45 years of innovation in Malaysia,
recognising the country’s highly skilled engineering talent and
capability to deliver advanced technologies for customers all over the
world.

Motorola Solutions first established supply chain operations in Penang,
Malaysia in 1974. Today, it develops technologies across its
mission-critical technology ecosystem at the facility.

In 2014 the company opened its ‘Innoplex’ research and development (R&D)
centre in Penang, its largest R&D centre outside of North America.
Equipped with state-of-the-art laboratories and product design and
development capabilities, the centre develops next generation Land
Mobile Radio (LMR), broadband-LTE devices and system solutions for
Motorola Solutions’ customers worldwide.

Leading-edge solutions and services designed and developed in Penang
have been deployed by public safety agencies across the world. This
includes the trusted APX
8000HXE HazLoc radio
 used by fire and rescue teams working in the
presence of chemicals and gases and the WAVE
TLK100 Two-Way Radio
 that enables coverage on nationwide cellular
networks with the ease of two-way radio communication and functionality.

The Innoplex continues to deliver a variety of innovative services
including 24/7 network monitoring, management and guaranteed reliability
for Motorola Solutions’ mission-critical customers.

Malaysia prominent within expanding Asia Pacific talent base

Motorola Solutions’ thriving operations in Malaysia have enabled it to
expand its Penang workforce from 10 software engineers to a team of more
than 1,700 today. These highly-skilled roles include industrial design,
software, electrical, electronics and mechanical engineering.

Penang’s expert teams conduct rigorous compliance testing to meet and
exceed product standards all over the world while continuing the
development of new solutions in partnership with customers.

Motorola Solutions’ rapidly growing software engineering workforce in
Asia Pacific is now approaching 2,000. This includes 160 video analytics
and AI specialists in Vietnam added through the recent acquisition of VaaS and
60 mobile applications developers with Gridstone in
Australia.

Motorola Solutions continues to evolve its mission-critical ecosystem
of technologies across voice, video security, software and managed
services. Our highly skilled teams in Malaysia play a significant role
in developing these technologies and accelerating their adoption all
over the world,” said John Andersen, deputy managing director of the
Motorola Solutions Penang Operations and Design Centre.

We are proud to have extended our journey to 45 years and look forward
to continuing to take Malaysian innovation to the world,” he said.

Through its charitable arm, the Motorola Solutions Foundation, the
company has provided more than USD $700,000 to support Malaysian
initiatives to advance education and research within STEM-related
fields. This includes the Penang Science Cluster which educates more
than 3,000 students and 300 teachers from 75 schools on design thinking
process, coding and electronics.

About Motorola Solutions

Motorola Solutions is a global leader in mission-critical
communications. Our technology platforms in communications, command
centre software, video security solutions and managed and support
services make cities safer and help communities and businesses thrive.
At Motorola Solutions, we are ushering in a new era in public safety and
security. Learn more at www.motorolasolutions.com.

MOTOROLA, MOTOROLA SOLUTIONS and the Stylized M Logo are trademarks
or registered trademarks of Motorola Trademark Holdings, LLC and are
used under license. All other trademarks are the property of their
respective owners. ©2019 Motorola Solutions, Inc. All rights reserved.

Contacts

Damien Batey
Motorola Solutions
Mobile: +61 (0) 428 036 806
Damien.Batey@motorolasolutions.com

Michael Lee
Motorola Solutions
Mobile: +65 9755 7025
MichaelKitWai.Lee@motorolasolutions.com

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Business Wire

Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Ra Medical Systems, Inc.

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BENSALEM, Pa.–(BUSINESS WIRE)–$RMED #classaction–Law Offices of Howard G. Smith reminds investors of the upcoming August
9, 2019 
deadline to file a lead plaintiff motion in the class
action filed on behalf of investors who purchased Ra Medical Systems,
Inc. (“Ra Medical” or the “Company”) (NYSE: RMED)
securities pursuant and/or traceable to the registration statement and
prospectus (collectively, the “Registration Statement”) issued in
connection with the Company’s September 2018 initial public offering
(“IPO” or the “Offering”).

Investors suffering losses on their Ra Medical investments are
encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

In September 2018, Ra Medical completed its initial public offering
(“IPO”), issuing approximately 4.5 million shares of common stock priced
at $17 per share. On March 14, 2019, the Company revealed that its
fourth quarter 2018 financial results had been negatively impacted by
issues related to the hiring and training of qualified sales personnel
and certain production limitations.

On this news, the Company’s share price fell $2.14 per share, nearly
33%, to close at $4.43 per share on March 15, 2019, thereby injuring
investors. Since the IPO, Ra Medical’s stock has traded as low as $3.40
per share, significantly below the $17 offering price.

The complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and/or misleading
statements, as well as failed to disclose material adverse facts about
the Company’s business, operations, and prospects. Specifically,
Defendants failed to disclose to investors: (1) that the Company’s
evaluation of sales personnel candidates was inadequate; (2) that the
Company’s training program for sales personnel was inadequate; (3) that,
as a result, the Company could not reasonably assure that its newly
hired sales personnel were adequately experienced; (4) that, as a
result, the Company would suffer a shortage of qualified sales
personnel; (5) that the Company’s manufacturing process could not
reasonably support increased catheter production; (6) that, as a result,
the Company would suffer production delays; and (7) that, as a result of
the foregoing, Defendants’ positive statements about the Company’s
business, operations, and prospects were materially misleading and/or
lacked a reasonable basis.

If you purchased shares of Ra Medical during the Class Period you may
move the Court no later than August 9, 2019 to ask the
Court to appoint you as lead plaintiff if you meet certain legal
requirements. To be a member of the class action you need not take any
action at this time; you may retain counsel of your choice or take no
action and remain an absent member of the class action. If you wish
to learn more about this class action, or if you have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Howard G. Smith, Esquire, of Law Offices
of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by
email to howardsmith@howardsmithlaw.com,
or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

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