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Iteris Announces Pricing of Public Offering of Common Stock

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SANTA ANA, Calif.–(BUSINESS WIRE)–$ITI #IterisIteris,
Inc
. (NASDAQ: ITI), the global leader in applied informatics for
transportation and agriculture, today announced that it has priced its
underwritten registered public offering of 5,376,345 shares of its
common stock at a price to the public of $4.65 per share.

Iteris has granted the underwriters a 30-day option to purchase at the
public offering price, less the underwriting discount, up to an
additional 806,452 shares of common stock. All shares of common stock to
be sold in the offering will be offered by Iteris. The offering is
expected to close on or about June 18, 2019.

The total gross proceeds from the offering are expected to be
approximately $25.0 million. After deducting the underwriters’ discount
and other estimated offering expenses payable by Iteris, the net
proceeds are expected to be approximately $23.1 million. These amounts
assume no exercise of the underwriters’ over-allotment option. Iteris
intends to use the net proceeds from the offering to fund the cash
purchase price of a planned acquisition and for general corporate
purposes, including possible additional future acquisitions.

B. Riley FBR, Inc. is acting as sole bookrunner for the
offering. Northland Securities, Inc. is acting as lead manager for the
offering. Co-managers are Craig Hallum Capital Group and Dougherty &
Company LLC.

The offering is being made pursuant to the Company’s shelf registration
statement on Form S-3 (File No. 333-220305) that was declared effective
by the Securities and Exchange Commission (“SEC”) on September 21, 2017.
The shares may be offered only by means of a prospectus. A final
prospectus supplement describing the terms of the offering and the
accompanying base prospectus will be filed with the SEC and will be
available on the SEC’s website located at http://www.sec.gov.
Alternatively, copies of the final prospectus supplement and
accompanying prospectus relating to the offering, when available, may be
obtained from B. Riley FBR, Inc., Attention: Prospectus Department, 1300
17th St. North, Ste. 1300, Arlington, VA 22209, or by email at prospectuses@brileyfbr.com,
or by telephone at (800) 846-5050.

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

About Iteris, Inc.

Iteris is the global leader in applied informatics for transportation
and agriculture, turning big data into big breakthrough solutions. We
collect, aggregate and analyze data on traffic, roads, weather, water,
soil and crops to generate precise informatics that lead to safer
transportation and smarter farming. Municipalities, government agencies,
crop science companies, farmers and agronomists around the world use our
solutions to make roads safer and travel more efficient, as well as
farmlands more sustainable, healthy and productive. Visit www.iteris.com
for more information and join the conversation on Twitter,
LinkedIn
and Facebook.

Iteris Forward-Looking Statements

This release may contain forward-looking statements, which speak only as
of the date hereof and are based upon our current expectations and the
information available to us at this time. Words such as “believes,”
“anticipates,” “expects,” “intends,” “plans,” “seeks,” “estimates,”
“may,” “should,” “will,” “can,” and variations of these words or similar
expressions are intended to identify forward-looking statements. These
statements include, but are not limited to, statements about the
expected closing date of the offering, amount and use of proceeds of the
offering, a planned acquisition and possible future acquisitions by
Iteris, and the filing of a final prospectus supplement. Such statements
are not guarantees of future performance and are subject to certain
risks, uncertainties, and assumptions that are difficult to predict, and
actual results could differ materially and adversely from those
expressed in any forward-looking statements as a result of various
factors.

Important factors that may cause such a difference include, but are not
limited to, uncertainties related to market conditions and the
completion of the public offering; Iteris’ future business development,
financial condition and results of operations; competition in the
transportation and agriculture markets; and Iteris’ ability to manage
its costs and expenses. Further information on Iteris, Inc., including
additional risk factors that may affect our forward looking statements,
is contained in our Annual Report on Form 10-K for the fiscal year ended
March 31, 2019, the prospectus supplement related to the public
offering, our Current Reports on Form 8-K, and our other SEC filings
that are available through the SEC’s website (www.sec.gov).

Contacts

Investor Relations
MKR Investor Relations, Inc.
Todd
Kehrli
Tel: (323) 468-2300
Email: iti@mkr-group.com

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Business Wire

Heilind Asia will Exhibit at I.C.E Booth L05 in NEPCON Vietnam 2019

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HONG KONG–(BUSINESS WIRE)–From 11th to 13th September 2019, NEPCON Vietnam 2019 will take place at International Center for Exhibition (I.C.E) in Hanoi, Vietnam. Heilind Asia will exhibit at I.C.E Booth L05 together with its suppliers TE Connectivity, Alpha Wire, Molex, PEM, Cinch, Heyco, Metz and Panduit; displaying the latest products and solutions.

NEPCON Vietnam 2019, Vietnam’s only exhibition on SMT, testing technologies, equipment and supporting industries for electronics manufacturing, an all-in-one platform under the theme of “360º Manufacturing Integration.” Heilind Asia will display the latest electronic components and solutions, including but not limited to the brands of TE Connectivity, Alpha Wire, Molex, PEM, Cinch, Heyco, Metz and Panduit to visitors. Nepcon Vietnam 2019 is a unique showcase for the latest products and solutions in the rapidly growing Asian markets.

As authorized distributor for more than 100 world leading manufacturers, Heilind Asia supports both original equipment and contract manufacturers in all market segments of the electronics industry, stocking products from the industry’s leading manufacturers in 25 component categories, with a particular focus on interconnect and electromechanical products.

About Heilind Electronics:

Founded in 1974, Heilind Electronics, Inc. (http://www.heilind.com) is one of the world’s leading distributors of connectors, relays, switches, thermal management & circuit protection products, terminal blocks, wire & cable, wiring accessories, insulation & identification, fastener/hardware and sensor products. Heilind has over 40 facilities in the United States, Canada, Mexico, Brazil, Germany, Singapore and China.

Heilind Asia Pacific (www.heilindasia.com) commenced operations in Dec 2012, and now has 23 locations throughout Asia. Its industry leading service offering to customers in Asia Pacific is the result of a commitment to the belief of “Distribution As It Should Be”. Learn more at www.heilindasia.com and on Facebook, WeChat, Weibo and Twitter.

Contacts

Media:

sarah.luo@heilind.com

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Business Wire

“Juntos!! Japan-Latin America and the Caribbean Exchange Program”: Visit to Japan by the SICA Group and Cuba Group

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TOKYO–(BUSINESS WIRE)–As part of the “Juntos!! Japan-Latin America and the Caribbean Exchange Program” promoted by the Ministry of Foreign Affairs, 25 government officials, journalists, and experts from the 7 member countries of the System of Central American Integration (SICA) and Cuba will visit Japan from August 27 to September 4.

The group of visitors will visit companies and local governments in Tokyo and Hokkaido that are active in climate change and disaster prevention. The purpose of this invitation is to provide a broad understanding of the politics, economy, society, culture, history, and foreign policy of Japan and provide an opportunity for an understanding of the diversity of Japan though regional visits for the development of relationships between Japan and Latin America based on a deep mutual understanding.

It is hoped that this exchange program will strengthen the relationship between Japan and Latin America and that the participants will actively communicate Japan’s foreign policy stance and the appeal of Japan, etc.

*Objectives of the Juntos!! Japan-Latin America and the Caribbean Exchange Program

• Motivate people to become friendly toward Japan and to want to learn about Japan, deepen ties between Japan and Latin America, and expand the foundations of Japan’s foreign policy by encouraging an understanding of Japan’s foreign policy toward Latin America and the current status of such policy among people from Latin American and Caribbean countries who can be expected to contribute to strengthening relationships with Japan in various areas.

• Have the participants actively communicate Japan’s foreign policy stance and the appeal of Japan, etc. to contribute to improvements in the external image of Japan in international society and the furtherance of sustainable interest in Japan.

[Planned itinerary]

August 27 (Tuesday)

Arrival to Japan, visit to Naritasan Shinshoji Temple, orientation, and briefing by the Ministry of Foreign Affairs

August 28 (Wednesday)

Briefing by the Ministry of the Environment, briefing by JICA, visit to Akihabara, and experiencing the Sumida Kinshicho Kawachi Ondo Big Bon Dance

August 29 (Thursday)

Visit to Tokyo Rinkai Disaster Prevention Park and Sona Area Tokyo, visit to Odaiba, Parliamentary Vice-Minister courtesy visit (Ministry of Foreign Affairs), and visit to Imperial Palace and Nijubashi

August 30 (Friday)

Travel to Hokkaido

Niseko Town

August 31 (Saturday)

Participation in Toyako Lake Mount Usu Meister Network Half Day Program, cruise on Toyako Lake, and visit to Mt. Usu Ropeway

September 1 (Sunday)

Visit to Tomari Nuclear Power Plant, Nikka Whisky Yoichi Distillery, and Otaru City

September 2 (Monday)

Travel to Tokyo

Visit to Toyosu Market, Toyota Mega Web, and JRC Nihon Musen

September 3 (Tuesday)

Visit to Furuno Electric, holding workshop, reporting meeting, and reception held by head of Latin American and Caribbean Affairs Bureau

September 4 (Wednesday)

Departure from Japan

Contacts

Contact information for inquiries on this matter

Juntos!!2019 Secretariat

JTB Corporation, Kasumigaseki Business Division, Representative: Emi Sendoda, Takashi Komatsu

[TEL] +81-3-6737-9262 Weekdays 9:30-17:30 (not open on weekends and national holidays)

juntos@jtb.com

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Business Wire

James Hardie Industries plc Announces CFO Resignation

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SYDNEY–(BUSINESS WIRE)–James Hardie Industries plc (ASX: JHX) announced today that Mr Matthew Marsh, Chief Financial Officer (CFO) and Executive Vice President – Corporate, has resigned to pursue other opportunities.

James Hardie’s CEO, Dr Jack Truong, noted, “I want to thank Matt for his contributions to James Hardie over the past six years and wish him the best of luck in his future endeavors.”

The company also announced today the appointment of Ms Anne Lloyd as the company’s Interim CFO, effective immediately. Ms Lloyd, an experienced corporate and finance executive, has been a member of the company’s Board of Directors since November 2018. Previously, Ms Lloyd served as Chief Financial Officer of Martin Marietta Materials, Inc. a leading supplier of aggregates and heavy building materials, for over 12 years from June 2005 until her retirement in August 2017. She joined Martin Marietta in 1998 and served in a number of corporate finance roles prior to becoming CFO, including Controller, Chief Accounting Officer and Treasurer. Earlier in her career, Ms Lloyd spent 14 years with Ernst & Young LLP (1984-1998), rising to senior manager and client service executive for the natural resources, mining, insurance and healthcare industries.

As Interim CFO, Ms Lloyd will report directly to the CEO and continue to serve on the Board of Directors, but will no longer serve as a member of the Audit Committee. All of Mr Marsh’s previous direct reports will report directly to Ms Lloyd with the exception of Mr Jason Miele, Vice President – Investor and Media Relations; Mr Miele will report directly to Dr Truong.

Dr Truong commented, “Anne’s significant executive experience and her knowledge of James Hardie as a Board member for the past year provides the Company with a strong leader to ensure seamless continuity while we conduct our search for a new CFO who will help lead the strategic growth initiatives of the company going forward.”

The search for a new CFO will commence immediately.

Forward Looking Statements

This Media Release contains forward-looking statements. James Hardie Industries plc (the “Company”) may from time to time make forward-looking statements in its periodic reports filed with or furnished to the Securities and Exchange Commission, on Forms 20-F and 6-K, in its annual reports to shareholders, in offering circulars, invitation memoranda and prospectuses, in media releases and other written materials and in oral statements made by the Company’s officers, directors or employees to analysts, institutional investors, existing and potential lenders, representatives of the media and others. Statements that are not historical facts are forward-looking statements and such forward-looking statements are statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995.

Examples of forward-looking statements include:

  • statements about the Company’s future performance;
  • projections of the Company’s results of operations or financial condition;
  • statements regarding the Company’s plans, objectives or goals, including those relating to strategies, initiatives, competition, acquisitions, dispositions and/or its products;
  • expectations concerning the costs associated with the suspension or closure of operations at any of the Company’s plants and future plans with respect to any such plants;
  • expectations concerning the costs associated with the significant capital expenditure projects at any of the Company’s plants and future plans with respect to any such projects;
  • expectations regarding the extension or renewal of the Company’s credit facilities including changes to terms, covenants or ratios;
  • expectations concerning dividend payments and share buy-backs;
  • statements concerning the Company’s corporate and tax domiciles and structures and potential changes to them, including potential tax charges;
  • uncertainty from the expected discontinuance of LIBOR and transition to any other interest rate benchmark;
  • statements regarding tax liabilities and related audits, reviews and proceedings;
  • statements regarding the possible consequences and/or potential outcome of legal proceedings brought against us and the potential liabilities, if any, associated with such proceedings;
  • expectations about the timing and amount of contributions to Asbestos Injuries Compensation Fund (AICF), a special purpose fund for the compensation of proven Australian asbestos-related personal injury and death claims;
  • expectations concerning the adequacy of the Company’s warranty provisions and estimates for future warranty-related costs;
  • statements regarding the Company’s ability to manage legal and regulatory matters (including but not limited to product liability, environmental, intellectual property and competition law matters) and to resolve any such pending legal and regulatory matters within current estimates and in anticipation of certain third-party recoveries; and
  • statements about economic conditions, such as changes in the US economic or housing recovery or changes in the market conditions in the Asia Pacific region, the levels of new home construction and home renovations, unemployment levels, changes in consumer income, changes or stability in housing values, the availability of mortgages and other financing, mortgage and other interest rates, housing affordability and supply, the levels of foreclosures and home resales, currency exchange rates, and builder and consumer confidence.

Words such as “believe,” “anticipate,” “plan,” “expect,” “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “aim,” “will,” “should,” “likely,” “continue,” “may,” “objective,” “outlook” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Readers are cautioned not to place undue reliance on these forward-looking statements and all such forward-looking statements are qualified in their entirety by reference to the following cautionary statements.

Forward-looking statements are based on the Company’s current expectations, estimates and assumptions and because forward-looking statements address future results, events and conditions, they, by their very nature, involve inherent risks and uncertainties, many of which are unforeseeable and beyond the Company’s control. Such known and unknown risks, uncertainties and other factors may cause actual results, performance or other achievements to differ materially from the anticipated results, performance or achievements expressed, projected or implied by these forward-looking statements. These factors, some of which are discussed under “Risk Factors” in Section 3 of the Form 20-F filed with the Securities and Exchange Commission on 21 May 2019 and subsequently amended on 8 August 2019, include, but are not limited to: all matters relating to or arising out of the prior manufacture of products that contained asbestos by current and former Company subsidiaries; required contributions to AICF, any shortfall in AICF and the effect of currency exchange rate movements on the amount recorded in the Company’s financial statements as an asbestos liability; the continuation or termination of the governmental loan facility to AICF; compliance with and changes in tax laws and treatments; competition and product pricing in the markets in which the Company operates; the consequences of product failures or defects; exposure to environmental, asbestos, putative consumer class action or other legal proceedings; general economic and market conditions; the supply and cost of raw materials; possible increases in competition and the potential that competitors could copy the Company’s products; reliance on a small number of customers; a customer’s inability to pay; compliance with and changes in environmental and health and safety laws; risks of conducting business internationally; compliance with and changes in laws and regulations; currency exchange risks; dependence on customer preference and the concentration of the Company’s customer base on large format retail customers, distributors and dealers; dependence on residential and commercial construction markets; the effect of adverse changes in climate or weather patterns; possible inability to renew credit facilities on terms favorable to the Company, or at all; acquisition or sale of businesses and business segments; changes in the Company’s key management personnel; inherent limitations on internal controls; use of accounting estimates; the integration of Fermacell into our business; and all other risks identified in the Company’s reports filed with Australian, Irish and US securities regulatory agencies and exchanges (as appropriate). The Company cautions you that the foregoing list of factors is not exhaustive and that other risks and uncertainties may cause actual results to differ materially from those referenced in the Company’s forward-looking statements. Forward-looking statements speak only as of the date they are made and are statements of the Company’s current expectations concerning future results, events and conditions. The Company assumes no obligation to update any forward-looking statements or information except as required by law.

Contacts

Media/Analyst Enquiries:

Jason Miele

Vice President, Investor & Media Relations

Telephone: +61 2 8845 3352

Email: media@jameshardie.com.au

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