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Helios Technologies to Begin Trading Under New Ticker Symbol: HLIO

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  • Helios Management to Ring Opening Bell at Nasdaq on Friday, June
    14
  • Ticker Change Will Be Effective on Monday, June 17

SARASOTA, Fla.–(BUSINESS WIRE)–Helios
Technologies
(Nasdaq: SNHY), a global industrial technology leader
announced that its shareholders approved an amendment to its articles of
incorporation to change the name of the corporation to Helios
Technologies, Inc. at its annual meeting of shareholders yesterday.
Additionally, effective on Monday, June 17, Helios Technologies will
begin trading on the Nasdaq under its new ticker symbol “HLIO.” To
celebrate the changes, representatives of Helios Technologies will ring
the Nasdaq Opening Bell this morning. The ceremony will be available on
the Company’s website at www.heliostechnologies.com.

Wolfgang Dangel, the Company’s President and Chief Executive Officer,
commented, “Last August, we changed our business name to Helios
Technologies, recognizing that the parent company is evolving in
accordance with our Vision 2025 strategy and needs to remain independent
from our operating brands. We are pleased that our shareholders agree
with this evolution, evidenced by their approval of the legal name
change at yesterday’s meeting. A natural progression is the ticker
change, to align with our new legal name. We look forward to continuing
the successful execution of our strategy under our new identity.”

About Helios Technologies

Helios Technologies is a global industrial technology leader that
develops and manufactures hydraulic and electronic control solutions for
diverse markets. The Company does business through its operating
subsidiaries around the world, including Sun Hydraulics, Enovation
Controls, and Faster Group. The Company operates in two business
segments, Hydraulics and Electronics. There are three key technologies
within our Hydraulics segment: cartridge valve technology (“CVT”),
quick-release hydraulic coupling solutions (“QRC”) and hydraulic system
design (“Systems”). Within CVT, our products provide functions important
to a hydraulic system: to control rates and direction of fluid flow and
to regulate and control pressures. QRC products allow users to connect
and disconnect quickly from any hydraulic circuit without leakage and
ensure high-performance under high temperature and pressure using one or
multiple couplers. Systems provide engineered solutions for machine
users, manufacturers or designers to fulfill complete system design
requirements including electro-hydraulic, remote control, electronic
control and programmable logic controller systems, as well as automation
of existing equipment. In our Electronics segment, we are a leader in
display and control integration solutions offering rugged and reliable
instruments, coupled with expertise in J1939 engine protocol, to produce
an industry-leading array of easy-to-read displays and gauges for
controller area network (“CAN”) transmitted engine data and faults. We
refer to this technology as Electronic Controls (“EC”).

Helios Technologies and information about its associated companies is
available online at www.heliostechnologies.com.

Contacts

Karen L. Howard / Deborah K. Pawlowski
Kei Advisors LLC
(716)
843-3942 / (716) 843-3908
khoward@keiadvisors.com
/ dpawlowski@keiadvisors.com

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Business Wire

Bermuda Government, Industry Group Heads to Toronto

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HAMILTON, Bermuda–(BUSINESS WIRE)–#Bermuda–Bermuda Finance Minister Curtis Dickinson leads a delegation of
government, regulatory and industry representatives to Toronto next week
to highlight Bermuda’s close links to Canada and opportunities for
bilateral trade and investment.

The delegation will take part in a
one-day multi-industry forum
, hosted by the Bermuda Business
Development Agency (BDA) Wednesday, June 19 at The Ritz-Carlton Toronto,
and also attend scheduled business development meetings around the city.
Featuring informative panel discussions, thought-leadership sessions,
and networking opportunities for investors and businesses interested in
learning more about the island, the forum is the sixth in a series of
overseas multi-industry showcases, following successful events in
London, New York and Miami over the past two years. It is the first in
Canada.

“We’re looking forward to meeting civic leaders, media, investors and
industry executives during the forum and related meetings,” said BDA CEO
Andy Burrows. “The aim is to increase awareness of Bermuda as a
gold-standard international financial centre and underscore our
jurisdiction’s historic and mutually beneficial relationship with
Canadian markets.”

The Consul General of Canada in New York, Phyllis Yaffe, will help
launch the forum with a fireside chat-style conversation with Minister
Dickinson. Another highlight of the day will be a keynote presentation
by Lucia Gallardo, a fintech entrepreneur who has partnered with the
United Nations to leverage blockchain systems to help resettlement of
refugees, among other projects.

Industry sessions include participants from more than 30 Bermuda-related
entities, among them, AMBIKA, Aon, Appleby, ArcTern Ventures, ASW Law,
AXA XL, the Association of Bermuda Insurers & Reinsurers (ABIR); Bennett
Jones, the Bermuda Insurance Management Association (BIMA), Bermuda
Monetary Authority (BMA), Bermuda Tourism Authority (BTA), Butterfield
Bank, ChainThat, Conyers, CryptoScan, Deloitte, Estera Services,
Exponential Ventures, EY, Fasken, Insurance Bureau of Canada (IBC),
KPMG, Kroll Bond Rating Agency, MQ Services, Outlier Canada, PwC, Quest
Management Services, RGAx, SALT Lending, and Shyft Network.

Canada is one of Bermuda’s most significant economic partners, with
two-way trade between the two nations amounting to USD$2.6 billion in
2017, and $37 billion in mutual assets and investments. Bermuda supports
an estimated 25,000 jobs in Canada, including 15,000 from multi-national
companies in Bermuda and their Canadian affiliates and represents
Canada’s fifth-largest export market in trade and services; only the US,
UK, Germany and France are greater Canadian export markets.

To register for the free, one-day forum, go to: http://bit.ly/TorontoForum

CONNECTING BUSINESS

The BDA encourages direct investment and helps companies start up,
re-locate or expand their operations in our premier jurisdiction. An
independent, public-private partnership, we connect you to industry
professionals, regulatory officials, and key contacts in the Bermuda
government to assist domicile decisions. Our goal? To make doing
business in Bermuda smooth and beneficial.

Contacts

MEDIA:
Rosemary Jones
Head of Communications &
Marketing
rosemary@bda.bm
441
278-6558 or 441 337-4696

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Business Wire

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Apple, Inc. To Contact The Firm

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NEW YORK–(BUSINESS WIRE)–Faruqi & Faruqi, LLP, a leading national securities law firm, reminds
investors in Apple, Inc. (“Apple” or the “Company”) (NASDAQ:AAPL) of the
June 17, 2019 deadline to seek the role of lead plaintiff in a federal
securities class action that has been filed against the Company.

If you invested in Apple stock or options between November 2, 2018
and January 2, 2019
and would like to discuss your legal rights, click
here
: www.faruqilaw.com/AAPL.
There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at
877-247-4292
or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

The lawsuit has been filed in the U.S. District Court for the Northern
District of California on behalf of all those who purchased Apple common
stock between November 2, 2018 and January 2, 2019 (the “Class Period”).
The case, City of Roseville Employees’ Retirement System v. Apple
Inc., et al.,
No. 19-cv-2033 was filed on April 16, 2019.

The lawsuit focuses on whether the Company and its executives violated
federal securities laws by failing to disclose that: (1) the U.S.-China
trade war had negatively impacted demand for iPhones and Apple’s pricing
power in greater China; (2) due to Apple discounting the cost of
replacement batteries to make up for the Company’s prior conduct of
intentionally degrading the performance of the batteries in older
iPhones, the rate at which Apple customers were replacing their
batteries in older iPhones, rather than purchasing new iPhones, was
negatively impacting Apple’s iPhone sales growth; (3) as a result of
slowing demand, Apple had slashed production orders from suppliers for
the new 2018 iPhone models and cut prices to reduce inventory; and (4)
defendants’ decision to withhold unit sales for iPhones and other
hardware, which was a metric relevant to investors and their view of the
Company’s financial performance, was designed to and would mask declines
in unit sales of the Company’s flagship product.

On January 2, 2019, after the close of trading, Apple disclosed that,
for the first time in 15 years, Apple would miss its prior quarterly
revenue forecast amid falling iPhone sales in China, its third-largest
market after the United States and Europe. The Company announced first
quarter fiscal 2019 revenues of only $84 billion, far below the expected
range of $89 billion to $93 billion the Company had announced just eight
weeks earlier on November 1, 2018. The Company also admitted that in
addition to macroeconomics in the Chinese market, the price cuts to
battery replacements a year earlier to fix the Company’s prior
surreptitious conduct had hurt iPhone sales.

On this news, the Company’s stock price fell from $157.92 per share on
January 2, 2019 to $142.19 per share on January 3, 2019—a $15.62 or
9.96% drop.

The court-appointed lead plaintiff is the investor with the largest
financial interest in the relief sought by the class who is adequate and
typical of class members who directs and oversees the litigation on
behalf of the putative class. Any member of the putative class may move
the Court to serve as lead plaintiff through counsel of their choice, or
may choose to do nothing and remain an absent class member. Your ability
to share in any recovery is not affected by the decision to serve as a
lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding
Apple’s conduct to contact the firm, including whistleblowers, former
employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is
Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We welcome the opportunity to discuss your
particular case. All communications will be treated in a confidential
manner.

Contacts

FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New
York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone:
(877) 247-4292 or (212) 983-9330

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Business Wire

Three Finalists Selected Following GA-ASI’s Blue Magic Belgium Event

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PARIS–(BUSINESS WIRE)–Three finalists have been selected from GA-ASI’s Blue Magic Belgium
event with the goal of supporting GA-ASI and the development of MQ-9B
SkyGuardian Remotely Piloted Aircraft (RPA) for Belgium. The three
Belgian companies selected are AIRobot, ALX Systems, and Hexagon.

AIRobot, a company based at DronePort in Sint Truiden, Belgium, focuses
on developing drone performance equipment for easy, precise and safe
professional operations, while specializing in Artificial Intelligence
(AI) for processing hyper-spectral imagery. ALX Systems is an Unmanned
Aircraft System (UAS) solution provider based in Liège, Belgium and
specializing in AI for processing Full Motion Video. Hexagon’s
Geospatial division, with an office in Leuven, Belgium, specializes in
software solutions and geospatial tools for visualizing location
intelligence, such as auto-routing UAS and creating a smart digital
reality.

GA-ASI held outreach events in Belgium May 15-16 with the goal of
identifying small to medium-sized Belgian companies that can support
SkyGuardian development through cutting-edge technologies. This followed
the Government of Belgium’s approval for Belgian Defense to negotiate
acquisition of GA-ASI’s SkyGuardian to meet the nation’s RPA
requirements.

“We were very impressed by the many talented companies and particularly
by the innovative concepts presented by these three finalists,” said
Linden Blue, CEO, GA-ASI.

Blue Magic Belgium was a Research and Development (R&D) event held in
two regions of Belgium. Approximately 50 related companies registered
for the event and 19 companies were selected to present their innovative
technologies to a technical panel of experts from GA-ASI. GA-ASI is
committed to placing $3 million in R&D funding with Belgium industry.
This investment will focus on high-value technological development with
small to medium-sized enterprises. The seed funds will be utilized to
develop Belgian capabilities that meet Ministry of Defense (MOD) and
industry objectives to be competitive in future European RPA programs.

About GA-ASI

General Atomics Aeronautical Systems, Inc. (GA-ASI), an affiliate of
General Atomics, is a leading designer and manufacturer of proven,
reliable Remotely Piloted Aircraft (RPA) systems, radars, and
electro-optic and related mission systems, including the Predator®
RPA series and the Lynx® Multi-mode Radar. With more than
five million flight hours, GA-ASI provides long-endurance,
mission-capable aircraft with integrated sensor and data link systems
required to deliver persistent flight that enables situational awareness
and rapid strike. The company also produces a variety of ground control
stations and sensor control/image analysis software, offers pilot
training and support services, and develops meta-material antennas. For
more information, visit www.ga-asi.com.

Predator and Lynx are registered trademarks of General Atomics
Aeronautical Systems, Inc.

Contacts

Robert Walker
General Atomics Aeronautical Systems, Inc.
+1
(858) 524-8101
ASI-MediaRelations@ga-asi.com

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