J. S. Tissainayagam Named First Winner of Peter Mackler Award for Courageous and Ethical Journalism

first_imgNews August 31, 2009 – Updated on January 20, 2016 J. S. Tissainayagam Named First Winner of Peter Mackler Award for Courageous and Ethical Journalism Related documents Press releasePDF – 128.34 KB United StatesAmericas Global Media Forum and the US branch of Reporters Without Borders are pleased to announce that respected Sri Lankan journalist and editor J. S. Tissainayagam has been selected as the first winner of the Peter Mackler Award for Courageous and Ethical Journalism. Tissainayagam will be formally awarded the prize at a ceremony at the National Press Club in Washington, DC on October 2, 2009. The key note speaker for the ceremony will be Marcus Brauchli, executive editor of the Washington Post. J. S Tissainayagam is a respected Tamil journalist and editor who wrote for the North Eastern Monthly Magazine and the Sunday Times in Sri Lanka. And is the founder of the website Outreachsl.com. He was arrested March 7, 2008 by the Terrorism Investigation Division (TID) of the Sri Lanka police. He has been charged under the Prevention of Terrorism Act (PTA) amid allegations of physical and emotional abuse by TID forces and got a 20 year sentence on terrorism charges today. “The imposition of this extremely severe sentence on Tissainayagam suggests that some Sri Lanka judges confuse justice with revenge,” Reporters Without Borders (RSF) said. “With the help of confessions extracted by force and information that was false or distorted, the court has used an anti-terrorism law that was intended for terrorists, not for journalists and human rights activists.” RSF_en Help by sharing this information June 3, 2021 Find out more Facebook’s Oversight Board is just a stopgap, regulation urgently needed, RSF says The Peter Mackler Award for Courageous and Ethical Journalism was founded in June, 2008 to honor the memory of Peter Mackler, a Brooklyn-born thirty-five year veteran journalist who championed ethical journalism, freedom of expression, and who helped transform the news agency Agence France Press (AFP) into the international competitor it is today. Mackler also founded Global Media Forum, which has helped train journalists and non-profit organizations to use the media as a tool for social change, and Project Plato, which teaches journalism as a life skill to teenagers.The Peter Mackler award rewards journalists who fight courageously and ethically to report the news in countries where freedom of the press is either not guaranteed or not recognized. The Award ceremony will take place on October 2, 2009 at 6PM at the National Press Club in Washington, DC, 529 14th St. N.W, 13th Fl.; Washington, DC 20045. The ceremony will be followed by a networking hour. There will be a silent auction. News Organisation Follow the news on United States WhatsApp blocks accounts of at least seven Gaza Strip journalists Receive email alerts NSO Group hasn’t kept its promises on human rights, RSF and other NGOs say June 7, 2021 Find out more News United StatesAmericas According to the organization, Tissainayagam’s case is the first known instance in the democratic world of a journalist being charged under the provisions of an anti-terror law. Jean-Francois Julliard, Secretary General of RSF, stated that “We are happy to reward J. S. Tissainayagam in 2009, a terrible year for Sri Lanka. This country needs journalists who are determined and concerned with finding the truth. J. S. Tissainayagam is one of those and should never have been imprisoned. Sri Lanka will never know peace if the press is not free to play its role of fourth power. Sri Lankans have the right to be informed about what is happening on their island. They have the right to read words written by men like J. S. Tissainayagam.” About the Peter Mackler Award for Courageous and Ethical Journalism April 28, 2021 Find out more News to go furtherlast_img read more

Football Feature: Daniel Scott a Game Changer; St. Francis Captain is ‘Phenomenal Athlete’

first_img Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy St. Francis’ Daniel Scott may be the area’s most complete football player.The Golden Knights senior rarely comes off the field.It’s not just at receiver on offense or in the defensive backfield that Scott makes his presence felt.Last Friday, on special teams, he scooped up a punt and took it in for a touchdown in the Golden Knights’ 38-28 victory over La Salle in the Angelus League opener for both schools.St. Francis (6-0) continues league play this Saturday when it hosts Salesian (5-1) at 7 p.m.Scott has 21 catches for over 400 yards and a team-best six receiving touchdowns.He also leads St. Francis with four interceptions.In the last year and a half, Scott has caught over 55 passes for 980 yards and 10 touchdowns.What makes Scott the Golden Knights’ go-to guy?“As a receiver, he has a knack for getting open and finding the open space,” longtime St. Francis coach Jim Bonds said. “He has exceptional hands and does a great job studying film and knowing where the open space will be in opposing defenses. As a defensive back, he has great vision. He has quarterback eyes as a safety and knows where the ball is going before it is thrown.”Not only is the 6-foot-2, 195-pounder a pure athlete, Scott has an instinct that can’t be taught.His selflessness is what stands out to many.We’ve asked him on multiple occasions after victories this year in which Scott played a starring role about his own performance, and he immediately changes the conversation to “we.”Maxx Jakeway, Will Mudie and Matt Nixon make up the four captains with Scott, and given the label “Golden Knight,” a title that is the highest honor in Jim Bonds’ program..“When I was younger, I really looked up to the captains as people who did things the right way, and now it’s an incredible honor to be one of the four captains,” Scott said.His quarterback couldn’t be more proud to go to battle every Friday with Scott.“Daniel is a great leader on and off the field,” quarterback Michael Bonds said. “He is also a great friend and someone who makes sure everyone is doing their job. We have a lot of great players, but when a big play needs to be made, we know we can count on Daniel to make it.”And it’s not just his on-the-field prowess that is impressive.Scott has a 3.4 grade-point average and is someone coach Bonds called “very intelligent.”His family has been a source of inspiration.Scott’s brother Chris is his “right-hand man.”His dad, Duane, and he ‘live for football,’ and Scott says his father is his biggest fan, but also isn’t afraid to let Daniel know when his play is less than stellar.But Scott heaps his biggest praise for his mother, Janet.“She is someone who always supports me, is always proud of me, and yet she can tell me the truth when I need to hear it. I can’t begin to express how much her love has meant to me.”As mentioned, Scott takes issue with talking about his share of the credit for the perfect season thus far, and while he’s done more than his part, the Golden Knights are loaded with impact players.Quarterback Michael Bonds has over 1,000 yards passing and 12 TDs.The running back duo of Jace Harrick and Elijah Washington have a combined 9 touchdowns, and Will Mudie, Greg Dulcich and Gabriel Mathews have been solid all year as part of the Golden Knights’ receiving core.The bend-but-don’t-break defense has also played an enormous role in six straight wins, and is led by Maxx Jakeway, Gabriel Grbavac and Bobby Gazmarian, to name a few.His coach and many others believe Scott has Division 1 college talent and they all hope he gets his chance.Scott is a guy that any coach or school would be proud to call their own.When asked if he could have a conversation with any person living or dead, we thought maybe he’d name a star athlete or celebrity.But Scott didn’t hesitate in mentioning his late grandfather John Cardoza, his mother’s dad.“I really want to tell him how well we’re doing, because I know how happy and proud he’d be,” Scott said. “I’d like the chance to tell him one more time that I love him.”It’s not just his teammates and coaches on campus at St. Francis that admire Scott.Despite being crosstown rivals in league, La Salle coach Russell Gordon didn’t hesitate to praise who he respectfully calls “Number 3.”“Daniel is a phenomenal athlete and is someone opponents need to try and stop or at least contain to try and beat St. Francis,” Gordon said. “We knew he was a game changer and he didn’t do anything last Friday to change our minds.”When football is over, Scott will go straight to the Golden Knights basketball team and run the offense as the St. Francis point guard.He’s got plenty of time left, though, and Scott wants to first win an Angelus League title, and hopes to make a deep run in the CIF-SS Division 3 playoffs.Currently, St. Francis is ranked No. 3 in the CIF polls and No. 41 in the entire state of California by MaxPreps.How does Scott want to be remembered when his time is done on the football field by his younger teammates?“I hope they think of me as someone who worked hard, was always there for my teammates and was willing to do anything I could to help our team win games.”Getting To Know Daniel Scott:Favorite Football Player: Wes WelkerFavorite Sports Movie: Any Given SundayFavorite Movie: Fast and the FuriousFavorite Musical Artist: FutureFavorite Childhood Football Team: UCLAFavorite TV Show: ESPN Sports CenterQuotable: “Daniel is not only a Golden Knight (one of our four captains), he is an exceptional leader on offense, defense and special teams! He has been our biggest playmaker on offense as our leading scorer, as well as our leader in the defense secondary with four interceptions.” St. Francis coach Jim Bonds Community News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes HerbeautyWhy Luxury Fashion Brands Are So ExpensiveHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeautyCostume That Makes Actresses Beneath Practically UnrecognizableHerbeautyHerbeautyHerbeautyAmazing Sparks Of On-Screen Chemistry From The 90-sHerbeautyHerbeautyHerbeauty10 Of The Most Notorious Female Spies In HistoryHerbeautyHerbeauty 2 recommended0 commentsShareShareTweetSharePin it Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday More Cool Stuff Make a comment Top of the News center_img Your email address will not be published. Required fields are marked * Sports Football Feature: Daniel Scott a Game Changer; St. Francis Captain is ‘Phenomenal Athlete’ By BRIAN REED-BAIOTTO, Sports Editor Published on Wednesday, October 12, 2016 | 1:56 am Name (required)  Mail (required) (not be published)  Website  First Heatwave Expected Next Week Subscribe Community News Business News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Vapotherm Reports Fourth Quarter and Fiscal Year 2020 Financial Results

first_img – Vapotherm Reports Fourth Quarter and Fiscal Year 2020 Financial Results (9,067 Loss from operations Twitter $ $ Net revenue for 2020 was $125.7 million, representing a 161.4% increase over 2019. Total capital equipment revenue, including product and lease revenue, increased 497.2% year over year. This increase was due to increased sales of our Precision Flow units as a result of demand related to the COVID-19 pandemic and increased average selling prices in the United States. Total disposable revenue increased 61.8% year over year, primarily driven by an increase in the worldwide installed base of Precision Flow units and increased utilization to treat the respiratory distress experienced by many COVID-19 patients and higher average selling prices in the United States. Revenue information by geography is summarized as follows: Total other comprehensive income (loss) 2020 % Change (in thousands, except percentages) 22,975 (147 Stock-based compensation Total 7,500 % CONSOLIDATED BALANCE SHEETS $ 38 66 Net loss before income taxes $ 19,873 General and administrative Research and development Adjusted EBITDA 11,521 497.2 Total other comprehensive income ) Total Amount 419.1 % 16,226 (51,502 4,163 Cost of goods sold 86.7 1,054 Gain on litigation settlement 1,251 3.0 % – 843 6 % 386 2,916 $ 840 62,687 Inventories – Precision Flow Units Sold and Leased (17,184 ) $ International Worldwide revenue growth in 2020 was driven by an increase in the number of Precision Flow units sold year over year and to a lesser extent an increase in single-use disposable sales due to higher installed bases of Precision Flow units. Gross profit for the twelve months of 2020 was $63.0 million, an increase of $41.7 million over 2019. Gross margin was 50.1% in comparison to 44.3% in 2019. Gross margin was positively impacted by improved overhead absorption due to higher production volumes and a higher mix of U.S. revenue partially offset by higher labor costs, increased supplier freight and expediting fees to meet the rapid increase in production capacity. Operating expenses were $106.1 million for the year ended December 31, 2020, an increase of $36.6 million as compared to $69.5 million in 2019. The increase in operating expenses was primarily due to higher sales and marketing expenses as a result of an increase in sales commissions and increased sales and marketing headcount and, to a lesser extent, general and administrative expenses as well as research and development costs. Net loss for the year ended December 31, 2020 was $51.5 million or $2.16 per share compared to a net loss of $51.1 million or $2.74 per share in 2019. Net loss for 2020 includes a loss on debt extinguishment of $4.2 million recorded as a result of the Company’s debt refinancing in the fourth quarter of 2020. Net loss per share was based on 23,818,447 and 18,604,707 weighted average shares outstanding for the year ended December 31, 2020 and 2019, respectively. Adjusted EBITDA was negative $31.8 million for the year ended December 31, 2020 as compared to negative $41.3 million for 2019. The improvement in Adjusted EBITDA in 2020 was primarily due to higher revenue and gross profit, partially offset by increased operating expenses resulting from higher levels of sales and marketing expenses, primarily sales commissions and increased headcount, and to a lesser extent general and administrative expenses and research and development costs. Cash Position Cash and cash equivalents were $113.7 million as of December 31, 2020 compared to $139.0 million as of September 30, 2020 and $71.7 million as of December 31, 2019. Fiscal 2021 Outlook COVID-19 has driven dramatic increases in our installed base and awareness of the benefits our technology, which will enable us to produce long-term growth post pandemic. Due to the significant and rapid changes in COVID-19 related hospitalizations, forecasting the demand for both our capital and disposables in the near term remains challenging. From an overall business standpoint, we are addressing this variability by positioning ourselves to respond quickly to changes in demand. This was a significant focus during 2020, and we believe we are positioned well to respond quickly to COVID-19 driven increases or decreases in demand. From a financial outlook standpoint, we are providing a range of outcomes based on a set of assumptions derived from the best information available to us at this time. To start 2021, we saw near peak COVID-19 related hospitalizations across the U.S. and Europe resulting in demand for our capital and disposables at levels we experienced in late 2020. Beginning in mid-January of 2021, we saw a decrease in U.S. hospitalizations from the peak experienced in early January and reduced COVID-19 related demand for our products. In addition, we have not seen meaningful flu related cases or hospitalizations in the U.S. quarter to date which is a trend we expect to continue throughout 2021. Typically, U.S. disposable utilization rates are the highest in the first quarter each year due to the impact of the flu. Beginning in the second quarter of 2021, we expect that there will be very limited budget dollars available for capital equipment and, as a result, we expect capital sales to decrease significantly year over year given the COVID-19 driven demand we experienced in 2020. In addition, our current expectations are that vaccination efforts will be successful and will result in a declining number of COVID-19 cases and hospitalizations over the last three quarters of the year thereby reducing COVID-19 related demand for our disposables as well. Despite this, we expect that disposables will show year over year growth in the U.S due to an increased installed base and greater awareness of our ability to treat the symptoms of respiratory distress in all patients, including those in Type II respiratory distress. Lastly, given the significant expected year over year decrease in sales and production volumes, especially related to capital equipment, we expect gross margins to decrease in 2021 before improving again in 2022 to levels above 2020. For fiscal 2021, we expect revenue in the range of $82 million to $88 million, which represents a two-year compound annual growth rate of 33% at the mid-point of this range. For the first quarter of 2021, we expect revenue in the range of $30 million to $33 million. For fiscal 2021, we expect gross margin to be in the range of 46% and 48%. For fiscal 2021, we expect operating expenses to be in the range of $97 million to $99 million. We are still in a highly dynamic environment given the impact of COVID-19 and should our expectations regarding COVID-19 or other aspects of our operating results not play out as anticipated, it could result in materially different financial results than what we are currently expecting. Conference Call Management will host a conference call at 4:30 p.m. Eastern Time on February 24 th to discuss the results of the quarter and the year with a question and answer session. To listen to the conference call on your telephone, please dial (833) 714-0922 for U.S. callers, or +1 (778) 560-2684 for international callers, approximately ten minutes prior to the start time and reference conference code 5693622. To listen to a live webcast, please visit the Investors section of the Vapotherm website at: http://investors.vapotherm.com/events-and-presentations/events . The webcast replay will be available on the Vapotherm website for 12 months following completion of the call. A replay of this conference call will be available by telephone through March 3, 2021 by dialing (800) 585-8367 in the U.S. or (416) 621-4642 outside of the U.S. The replay access code is 5693622. Website Information Vapotherm routinely posts important information for investors on the Investor Relations section of its website, http://investors.vapotherm.com/. Vapotherm intends to use this website as a means of disclosing material, non-public information and for complying with Vapotherm’s disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investor Relations section of Vapotherm’s website, in addition to following Vapotherm’s press releases, Securities and Exchange Commission filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, Vapotherm’s website is not incorporated by reference into, and is not a part of, this document. Non-GAAP Financial Measures This press release includes non-GAAP financial measures of EBITDA and Adjusted EBITDA, which differ from financial measures calculated in accordance with U.S. generally accepted accounting principles (“GAAP”). EBITDA in this press release represents net loss less interest expense, net, taxes and depreciation and amortization. Adjusted EBITDA in this release represents EBITDA as adjusted for the impact of foreign currency loss or gain, stock-based compensation expense, loss on debt extinguishment and gain on legal settlement. The Company has reconciled all historical non-GAAP financial measures with the most directly comparable GAAP financial measures in tables accompanying this release. These non-GAAP financial measures are presented because the Company believes they are useful indicators of its operating performance. Management uses Adjusted EBITDA principally as a measure of the Company’s operating performance and for planning purposes, including the preparation of the Company’s annual operating budget and financial projections. The Company believes this measure is useful to investors as supplemental information because it is frequently used by analysts, investors and other interested parties to evaluate companies in its industry. The Company believes Adjusted EBITDA is useful to its management and investors as a measure of comparative operating performance from period to period. These non-GAAP financial measures should not be considered as alternatives to, or superior to, net income or loss as a measure of financial performance or cash flows from operations as a measure of liquidity, or any other performance measure derived in accordance with GAAP. They should not be construed to imply that the Company’s future results will be unaffected by unusual or non-recurring items. In addition, Adjusted EBITDA is not intended to be a measure of free cash flow for management’s discretionary use, as it does not reflect certain cash requirements such as tax payments, debt service requirements, capital expenditures and certain other cash costs that may recur in the future. Adjusted EBITDA contains certain other limitations, including the failure to reflect our capital expenditures, cash requirements for working capital needs and cash costs to replace assets being depreciated and amortized. In evaluating Adjusted EBITDA, you should be aware that in the future the Company may incur expenses that are the same as or similar to some of the adjustments in this presentation. The Company’s presentation of Adjusted EBITDA should not be construed to imply that its future results will be unaffected by any such adjustments. Management compensates for these limitations by primarily relying on the Company’s GAAP results in addition to using Adjusted EBITDA and other non-GAAP financial measures on a supplemental basis. The Company’s definition of Adjusted EBITDA is not necessarily comparable to other similarly titled captions of other companies due to different methods of calculation. About Vapotherm Vapotherm, Inc. is a publicly traded developer and manufacturer of advanced respiratory technology based in Exeter, New Hampshire, USA. The Company develops innovative, comfortable, non-invasive technologies for respiratory support of patients with chronic or acute breathing disorders. Over 2.6 million patients have been treated with Vapotherm high velocity therapy. High velocity therapy is mask-free noninvasive ventilatory support for spontaneously breathing patients and is a front-line tool for relieving respiratory distress—including hypercapnia, hypoxemia, and dyspnea. It allows for the fast, safe treatment of undifferentiated respiratory distress with one tool. The Precision Flow system’s mask-free interface delivers optimally conditioned breathing gases, making it comfortable for patients and reducing the risks associated with mask therapies. While being treated, patients can talk, eat, drink and take oral medication. For more information, visit www.vapotherm.com. Legal Notice Regarding Forward-Looking Statements This press release contains forward-looking statements, including statements about our ability to grow our installed base, our ability to educate new customers on the use of Vapotherm’s High Velocity Therapy, especially on hypercapnic patients, increasing our production and our installed base, expanding the limited release of our Oxygen Assist Module, improving our gross margins and expected revenue for the first quarter of 2021 and expected revenue, gross margin and operating expenses for fiscal year 2021. In some cases, you can identify forward-looking statements by terms such as ‘‘expect,’’ “guide” or “typically” or the negative of these terms or other similar expressions, although not all forward-looking statements contain these words. Each forward-looking statement is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statement. Applicable risks and uncertainties include, but are not limited to the following: Vapotherm has incurred losses in the past and may be unable to achieve or sustain profitability in the future, Vapotherm may need to raise additional capital to fund its existing commercial operations, develop and commercialize new products, and expand its operations, Vapotherm’s dependence on sales generated from its Precision Flow systems, competition from multi-national corporations who have significantly greater resources than Vapotherm and are more established in the respiratory market, the ability for Precision Flow systems to gain increased market acceptance, its inexperience directly marketing and selling its products, the potential loss of one or more suppliers, Vapotherm’s susceptibility to seasonal fluctuations, Vapotherm’s failure to comply with applicable United States and foreign regulatory requirements, the failure to obtain U.S. Food and Drug Administration or other regulatory authorization to market and sell future products or its inability to secure, maintain, or enforce patent or other intellectual property protection for its products, the impact of the COVID-19 pandemic on its business, including its supply chain, and the other risks and uncertainties included under the heading “Risk Factors” in Vapotherm’s Annual Report on Form 10-K for the fiscal year ended December, 31, 2020, as filed with the Securities and Exchange Commission on February 24, 2021, and in any subsequent filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release reflect Vapotherm’s views as of the date hereof, and Vapotherm does not assume and specifically disclaims any obligation to update any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. Financial Statements: % % ) $ 2020 2020 402 (in thousands, except percentages) ) (2.74 Interest expense Non-cash lease expense Accounts receivable, net % United States $ 21,311 % 100.0 162,085 2,920 75.5 % ) Non-GAAP Financial Measures The following tables contain a reconciliation of net loss to Adjusted EBITDA for the three and twelve months ended December 31, 2020 and 2019, respectively. 11,045 % $ 7,295 ) 26,572 % 15,051 3,078 113,905 Amount % Total net revenue Vapotherm, Inc. Accrued expenses and other liabilities 214.4 ) Foreign currency gain % of Revenue Stock based compensation (42,279 (51,502 WhatsApp 26 $ 21,656 ) 2020 (146 ) (77 – Worldwide revenue growth in the fourth quarter of 2020 was driven by an increase in the number of Precision Flow units sold over the prior year period and to a lesser extent an increase in single-use disposable sales due to higher installed bases of Precision Flow units worldwide. Gross profit for the fourth quarter of 2020 was $20.7 million, an increase of $14.8 million over the fourth quarter of 2019. Gross margin was 50.6% in the fourth quarter of 2020 compared to 45.1% in the fourth quarter of 2019. Gross margin was positively impacted by improved overhead absorption due to higher production volumes and a higher mix of U.S. revenue. Operating expenses were $33.0 million in the fourth quarter of 2020, an increase of $14.4 million as compared to $18.6 million in the same period last year. The increase in operating expenses was primarily due to higher sales and marketing expenses as a result of an increase in sales commissions, and increased sales and marketing headcount, and to a lesser extent increased general and administrative expenses as well as research and development expenses. Net loss for the fourth quarter of 2020 was $17.2 million, or $0.67 per share, compared to net loss of $12.5 million, or $0.60 per share, in the fourth quarter of 2019. Net loss for the fourth quarter of 2020 includes a loss on debt extinguishment of $4.2 million recorded as a result of the Company’s debt refinancing. Net loss per share was based on 25,682,098 and 20,830,169 weighted average shares outstanding for the fourth quarter of 2020 and 2019, respectively. Adjusted EBITDA was negative $9.1 million for the fourth quarter of 2020 as compared to negative $10.8 million for the fourth quarter of 2019. The $1.7 million improvement in Adjusted EBITDA in the fourth quarter of 2020 was primarily due to higher revenue and gross profit, partially offset by increased operating expenses resulting from higher levels of sales and marketing expenses, primarily sales commissions and increased headcount. Reconciliations of all historical non-GAAP financial measures used in this release to the most comparable GAAP measures can be found in the attached financial tables. Results for the Twelve Months Ended December 31, 2020 The following table reflects the Company’s net revenue for the twelve months ended December 31, 2020 and 2019: 68,229 Deferred income tax assets Depreciation and amortization 76.0 Year Ended December 31, Loss on extinguishment of debt $ ) 52.5 Year Ended December 31, Adjusted EBITDA 3,058 73,507 ) 3,520 Foreign currency (543 Year Ended December 31, VAPOTHERM, INC. 56,711 45.1 Benefit for income taxes 101 251 ) 720 Deferred income taxes Total stockholders’ equity % Total comprehensive loss Capital (product & lease revenue) % 83.4 4.2 (114 Adjustments to reconcile net loss to net cash used in operating activities Interest paid during the period ) Total net revenue – 4,106 136,106 % $ (15,003 100.0 20,830,169 Other long-term assets % Loss on extinguishment of debt 8,766 ) % $ 111,890 9,903 % (1,151 72 3,836 ) 353 Amount $ $ Stockholders’ equity Amount 7,706 End of year 36,583 2020 $ Amount (51,505 171.1 $ International $ $ (In thousands) (393 Common stock offering costs ) 13,485 (12,717 77,629 % of Revenue ) Additional paid-in capital Amortization of discount on debt 5,863 257 (39,468 482.8 % 44.2 EBITDA Weighted-average number of shares used in calculating net loss per share,basic and diluted $ 639.1 $ Gain on litigation settlement % Stock-based compensation expense ) 58,151 ) Current assets 9,137 $ 18,580 $ 319,115 82.2 – Deferred income tax liabilities ) Vapotherm, Inc. ) UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS 5,041 Inventories $ 101,753 Operating expenses ) Revenue (in thousands, except percentages) Common stock ($.001 par value) 175,000,000 shares authorized as ofDecember 31, 2020 and 2019; 25,722,984 and 20,851,531 shares issuedand outstanding as of December 31, 2020 and 2019, respectively Loss on extinguishment of debt 96,251 $ 1,853 Interest expense, net (39,662 430,781 588 – 5,694 ) Preferred stock ($.001 par value) 25,000,000 shares authorized; no sharesissued and outstanding as of December 31, 2020 and 2019 – Acquisition of business, net of cash acquired Change (12,315 215,658 Total operating expenses United States % 1,111 – % 157,173 Accounts payable $ 104 – 4,769 48,104 459 Liabilities and Stockholders’ Equity Accrued expenses and other liabilities (146 – (4,495 114 ) Total current liabilities 41,977 39,653 (6,307 (17,184 41,787 1,081 3,491 Intangible assets, net % Interest income $ Other long-term liabilities 36,551 ) December 31, 2020 61.8 Accumulated other comprehensive income International 16,190 Three Months Ended December 31, ) 27,897 ) Provision for inventory valuation 33,612 113,683 $ Purchases of property and equipment 22.9 24,039 % ) Depreciation and amortization 9,821 $ ) (1,313 174 % 414,068 Proceeds from issuance of common stock under Employee Stock Purchase Plan 150,976 % 41 – (In thousands, except share and per share amounts) 137 33,026 161.4 604 2019 $ 65,964 (51,502 24.0 $ 967 2019 1,311 (12,450 (17,184 (in thousands, except percentages) 4,954 15 73,507 Restricted cash 20,573 TAGS  7,114 5,021 ) ) % Loss from operations Precision Flow Units Sold and Leased $ (4,747 ) 783 % 59,449 18,074 Payments of debt extinguishment costs (14,810 ) Gain on litigation settlement 19,884 (29 Other (expense) income 2,004 (4,163 (18,169 ) Commitments and contingencies 844 1,398 Other (expense) income 75.8 Total operating expenses 242.2 ) 78.9 $ ) 3,475 Amount 52.8 115,536 Net loss 80,241 40,907 2019 ) 20,958 ) Other comprehensive income 48,104 % of Revenue 73,276 76.7 13,010 38 ) (81 $ 2020 2019 63,046 (31,815 $ 70 234 (0.67 2019 Amount % ) $ – % 16,956 (41,250 (265,441 ) 37,689 2019 77,629 (5,096 9,027 ) 293 Amount % 69,475 72.9 18,410 % 2019 % % Three Months Ended December 31, Sales and marketing Amount Total Capital (product & lease revenue) 52.6 Twitter Three Months Ended December 31, Year Ended December 31, % Loss on extinguishment of debt (43,014 2019 (48,164 ) – Assets $center_img Service and Other 9,679 Facebook $ $ $ 1,151 % of Revenue (4,711 (316,943 Short-term line of credit United States 204.4 $ (0.60 48,104 44 11,181 2019 Proceeds from short-term line of credit and revolving loan facility Interest expense Benefit for income taxes % (146 ) Net loss ) ) ) % Disposable Patient Circuits Sold Foreign currency translation adjustments 100.0 ) 44 (8,372 125,733 Total net revenue (2.16 4,967 (44 $ 13,376 44 1,461 20,273 Change Net cash used in operating activities 8,395 Previous articlePhysicians’ Education Resource® veranstaltet 38. jährliche Miami Breast Cancer Conference® in erweitertem, interaktivem virtuellem TagungsformatNext articleHectic finish awaits all NBA teams in 2nd half of season Digital AIM Web Support % (51,205 % (1,154 Local NewsBusiness 18,604,707 % Beginning of year Facebook Twelve Months Ended December 31, 2020 2019 Cash flows from operating activities General and administrative $ ) % (1,151 (51,059 (146 % 5,606 6,430 3,836 352,036 4,769 % ) EXETER, N.H.–(BUSINESS WIRE)–Feb 24, 2021– Vapotherm, Inc. (NYSE: VAPO), (“Vapotherm” or the “Company”), a global medical technology company focused on the development and commercialization of its proprietary Vapotherm high velocity therapy® products, which are used to treat Patients of all ages suffering from respiratory distress, today announced fourth quarter and fiscal year 2020 financial results. Fourth Quarter 2020 SummaryNet revenue for the fourth quarter of 2020 was $40.9 million, representing a 214.4% increase over the prior year periodGross margin was 50.6% in comparison to gross margin of 45.1% in the fourth quarter of 2019 Fiscal Year 2020 SummaryNet revenue for 2020 was $125.7 million, 161.4% growth over 2019Disposable revenue in 2020 was $56.7 million, 61.8% growth over 2019Gross margin was 50.1% in comparison to gross margin of 44.3% in 2019Worldwide installed base of Precision Flow Hi-VNI systems grew by 72.8% in 2020 “We are pleased with our progress in 2020, which has positioned us well for continued long-term growth beyond the COVID pandemic. During 2020, we saw increased worldwide awareness of High Velocity Therapy, significant growth in the number of new ED Gold and Silver accounts in the U.S., and 72.8% growth in our worldwide installed base of Precision Flow systems,” said Joe Army, President and CEO of Vapotherm. “In 2021, we will focus on educating our Customers on how to use High Velocity Therapy for Patients experiencing Type II respiratory distress, increasing our worldwide installed base, and launching new products worldwide.” Results for the Three Months Ended December 31, 2020 The following table reflects the Company’s net revenue for the three months ended December 31, 2020 and 2019: Benefit for income taxes Total liabilities and stockholders’ equity ) (12,596 Loss on disposal of property and equipment 250 4,068 17.8 222 CONSOLIDATED STATEMENTS OF CASH FLOWS Provision for bad debts 93,101 20,711 (3 Net loss before income taxes (42,500 4,163 2,053 16,580 $ 42,029 2019 106,060 Supplemental Operating Metrics $ Amount (51,059 8,243 $ 411 (833 ) ) 11,882 4,454 ) $ % $ $ ) Accounts payable Net loss 13,010 Gross profit % of Revenue 58 ) 4,236 $ Operating lease liabilities, current and long-term Disposable Patient Circuits Sold % of Revenue 114 ) % ) % of Revenue ) 62.3 85.7 (9,797 2,406 99,676 $ $ Net loss per share – basic and diluted Operating lease right-of-use assets (1,560 ) Net cash used in investing activities 1,114 $ ) 21 Cash flows from financing activities 4,888 Accumulated deficit 48,669 Proceeds from issuance of common stock in connection with at-the-market offering,net 9,927 1,140 ) 81 United States Proceeds from exercise of stock options and purchase of restricted stock awards 263,092 $ 2019 Property and equipment, net Contract liabilities ) Depreciation and amortization Changes in operating assets and liabilities: 40,000 10,500 % (12,450 $ (In thousands, except share and per share amounts) Interest income (3 Prepaid expenses and other current assets – Debt issuance costs 23,818,447 Net revenue 125,733 2020 % Total net revenue Pinterest % $ % December 31, Net loss ) Research and development Amount Effect of exchange rate changes on cash, cash equivalents and restricted cash (10 % 5 8,002 Contract liabilities (4,163 30 593 Long-term loans payable, net 60,022 $ Amount Cash flows from investing activities 1,852 22.4 Supplemental disclosures of cash flow information % 18,662 9,187 (483 Property and equipment purchases in accrued expenses 4,793 Amount 3,078 Issuance of warrants in conjunction with debt draw down 135 Issuance of common stock upon vesting of restricted stock units and awards 21,582 213 % $ $ $ ) $ Net loss 2.4 Change 57.4 (51,015 Precision Flow Units Installed Base (in thousands) (17,146 – Proceeds from issuance of common stock in connection with public offering, net Three Months Ended December 31, (475 Operating expenses Cash and cash equivalents $ 99,161 77 128.8 – 27,897 130.6 487.8 Net cash provided by financing activities 859 100.0 % 62,578 125,733 863 Gain on litigation settlement 202 2019 $ 3,189 114 343.8 $ 4,163 2020 % – ) Accounts receivable Amount 8,260 – – 4,698 Year Ended December 31, 312.2 15,086 (10,777 ) % $ $ 215,658 (in thousands) Foreign currency translation adjustments Disposable 26,793 (43,891 View source version on businesswire.com:https://www.businesswire.com/news/home/20210224005370/en/ CONTACT: Investor Relations: Mark Klausner or Mike Vallie, Westwicke, an ICR Company,[email protected], +1 (603) 658-0011 KEYWORD: UNITED STATES NORTH AMERICA NEW HAMPSHIRE INDUSTRY KEYWORD: BIOTECHNOLOGY GENERAL HEALTH MEDICAL DEVICES HEALTH MEDICAL SUPPLIES SOURCE: Vapotherm, Inc. Copyright Business Wire 2021. PUB: 02/24/2021 04:01 PM/DISC: 02/24/2021 04:01 PM http://www.businesswire.com/news/home/20210224005370/en Revolving loan facility Cash, cash equivalents and restricted cash Net revenue for the fourth quarter of 2020 was $40.9 million as compared to $13.0 million for the fourth quarter of 2019, a 214.4% increase over the fourth quarter of 2019. Total capital equipment revenue, including product and lease revenue, increased by $18.7 million or 639.1% over the fourth quarter of 2019. This increase was due to increased sales of our Precision Flow units as a result of demand related to the COVID-19 pandemic and increased average selling prices in the United States. Total disposable revenue increased 86.7% over the fourth quarter of 2019, primarily driven by an increase in the worldwide installed base of Precision Flow units and increased utilization to treat the respiratory distress experienced by many COVID-19 patients and higher average selling prices in the United States. Revenue information by geography is summarized as follows: 2020 (813 54,919 % of Revenue Amount – $ 3,375 Three Months Ended December 31, Revenue 100.0 $ 13,010 4,066 5,883 ) 67.3 Disposable ) (10,626 (1,218 (12,336 Proceeds from loans (51,059 ) (15 4,439 $ % 3.2 Total comprehensive loss Amount 322 WhatsApp Repayments on short-term line of credit (3,765 2020 $ 1,552 40,907 145 44 ) Change 1,151 28,650 40,907 Net loss per share – basic and diluted 25,682,098 United States 72.8 By Digital AIM Web Support – April 6, 2021 6,430 ) Net increase in cash, cash equivalents, and restricted cash 23,791 20,196 Loss on extinguishment of debt (7,184 53,739 Sales and marketing Service and Other Amount (534 (471 Change % 88,944 $ 15,229 ) Foreign currency $ 62,830 21.1 % 17,411 65,065 353 ) 581.6 % International Gross profit ) ) 74.4 CONSOLIDATED STATEMENTS OF OPERATIONS – $ (In thousands, except share amounts) 176,492 Repayment of loans 860 Other comprehensive income (loss) United States 100.0 35,055 ) ) Goodwill International 40,386 Weighted-average number of shares used in calculating net loss per share,basic and diluted 100.0 12,070 161.4 EBITDA Change Gain on litigation settlement 71,655 % 214.4 Vapotherm, Inc. (1,151 1,850 Total current assets Foreign currency gain Amount % % $ 824 – Cost of revenue 6,395 (51,502 $ International International 100.0 2,632 23,488 3,656 Total liabilities ) 2,154 $ 2020 – % United States (10,157 Current liabilities 7,147 ) Pinterest 24.5 Amount Benefit for income taxes Prepaid expenses and other assets Interest expense, net – Total 571,241 Total 219,205 – $ 86.6 ) ) 111,890 94,155 Net revenue Total assetslast_img read more

Local DAC chapter hosts state assembly

first_img You Might Like JCA hosting scavenger hunt Plumb Bob is missing and, from all reports, Plumb Bob was last seen hanging around the Johnson Center for the… read more Email the author The 2015 Alabama Society DAC opened on Friday night with a candlelight dinner at the Troy Country Club with more than 40 members in attendance.“The program was presented by Lawrence Bowden, president of the Brundidge Historical Society, which through its folk life events seeks, to preserve the heritage of the rural South,” she said. “It is very encouraging to know that there are those who are continuing to preserve the history of our country and, in ways that are informative and entertaining and provide opportunities for people of the community to share their talents and abilities.”Special awards were presented to Nathan Southerland and MS4 June S. Hilarides. The Captain Thomas Carter, Sr. Chapter of the Alabama Society of the Daughters of the American Colonists hosted the Society’s 76th State Assembly in Troy Friday and Saturday.Mary Alyce Sanders, Chapter Regent and assembly chair, said the members of the Captain Thomas Carter, Sr. Chapter were honored to have the opportunity to host the state assembly.“The members of the DAC are descendants of a man or woman, who rendered patriotic or civil service to the American colonies prior to July 4, 1776,” Sanders said. “We are a lineage society whose members work to preserve our heritage and record our history for future generations.” Local DAC chapter hosts state assembly Jean S. Lee, co-chair of the assembly said there are eight chapters of the Alabama Society DAC and all chapters were represented at the annual meeting.The Captain Thomas Carter, Sr. Chapter was organized on Feb. 28, 1982.“Having the state assembly here in Troy on the anniversary of the date our chapter was organized was very special,” Lee said.A year after the Captain Thomas Carter, Sr. Chapter DAC was organized, chapter members planted an oak tree on the square in downtown Troy.William Carter, who came to Pike County in 1824, was the great-great-great grandson of Captain Thomas Carter, Sr. Thomas Carter, Sr. came to Virginia in 1653. He was a planter, merchant, attorney and captain in the militia.William Carter served in the War of 1812 and is buried in the William Carter Cemetery.Lee expressed appreciation to the Chapter members who worked on committees that were necessary to the success of the assembly. The decorations were done by Rebecca Southerland, who is a charter member of the organization. Her mother, Nannette Carter, was also a charter member of the organization.Regent Sanders and Martha Richburg McKee are active charter members.Lee, Elizabeth Mitchell, Deborah Beck, Debbie Patterson and Sally Jones made up the various committees for the assembly meeting.Members of the DAC serve their communities through patriotic education, scholarships for Native American students, marking historical sites and service to veterans. Troy falls to No. 13 Clemson Plans underway for historic Pike County celebration By Blood Sugar Blaster Published 3:00 am Tuesday, March 3, 2015 Print Articlecenter_img Sponsored Content Pike County Sheriff’s Office offering community child ID kits Remember America’s heroes on Memorial Day Md: Do This Immediately if You Have Diabetes (Watch) By Jaine Treadwell Latest Stories Southerland, a student at Wallace Community College in Dothan, received the outstanding history award. Hilarides was the ROTC award winner. She is a student in the Troy University’s School of Nursing.On Saturday, Alabama Society DAC members attended business meetings during the morning and the Golden Acorn luncheon at noon.The Rev. Ed Shirley of Brundidge United Methodist Church presented a dramatization of the life of Francis Scott Key, the American lawyer, author and amateur poet who wrote the “Star-Spangled Banner.”“Rev. Shirley was outstanding at Francis Scott Key,” Sanders said. “He brought out many interesting facts about Francis Scott Key that I had never heard. It was a very interesting presentation.” Book Nook to reopen Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthGet Fortnite SkinsTCGThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Dispelling the five e-learning myths

first_imgRelated posts:No related photos. Dispelling the five e-learning mythsOn 9 Apr 2002 in Personnel Today Comments are closed. Previous Article Next Article E-learning has picked up its fair share of misconceptions. KnowledgePool’sPaul Butler sets the record straight. E-learning is a panacea that can replace traditional learning methods. E-learningwill never be a suitable learning method for all aspects of training and willfrequently fail to deliver if it is seen as a one-stop shop. It must form partof an organisation’s learning strategy and works best when it is delivered aspart of a blended training solution that may incorporate classroom-basedlearning, interactive learning, online support and mentoring. Employees mayfeel alienated if a personal or group-based training experience is suddenlyreplaced with what they perceive as impersonal technology. Technology and delivery infrastructure products are the most importantelements of e-learning. Many companies implementing e-learning have focusedexclusively on the technology and have forgotten the fundamental tenets oflearning itself. However modern, impressive and accessible it may be,technology cannot deliver a training programme on its own and companies whichhave simply installed technology and stood back, have seen their trainingprojects fail. Technology should never be prioritised over the content of whatis being taught. Engaging with the subject and connecting with the learning iskey to success. E-learning is only suitable for teaching IT courses to the technicallysavvy. E-learning is designed to be self-explanatory and easy to follow,especially if it is used in conjunction with online support and mentoring. Manye-learning programmes are designed to teach non-IT literate staff. E-learningis a highly effective way of delivering soft skills training such ascommunications skills, project management and managing budgets. Companies mustput communications and change programmes in place to ensure staff understandwhat e-learning is. Set time aside for employees to use e-learning withinternal support. Any content developer can become an e-learning company. During thedotcom boom, many content providers with no background in training, setthemselves up as training providers because they were able to deliver coursecontent with the help of technology. Content is only one part of an e-learningoffering and companies should ensure they select an e-learning provider with atraining and education track record if they want e-learning projects tosucceed. E-learning was only a flash in the pan. It is easy to dismisse-learning as another ‘crash and burn’ technology trend that is all hype and nosubstance. However, e-learning does have proven benefits, for exampleup-to-date content, convenience, consistency, flexibility and costeffectiveness. These benefits can be realised if e-learning is implementedstrategically, as a supplement to other training methods and with a fullunderstanding of how it works, what it can and cannot deliver. Paul Butler is CEO of e-learning provider KnowledgePool. www.knowledgepool.comlast_img read more

Undefeated NYCFC tops Real Salt Lake for 1st time, 4-0

first_imgApril 11, 2018 /Sports News – Local Undefeated NYCFC tops Real Salt Lake for 1st time, 4-0 FacebookTwitterLinkedInEmailNEW YORK (AP) — Ismael Tajouri, Maximiliano Moralez and Jo Inge Berget scored first-half goals and undefeated New York City FC beat Real Salt Lake for the first time, 4-0 on Wednesday night.New York City (5-0-1) extended its undefeated run to a club-record seven games, dating to last season. Salt Lake (2-3-1) is winless in its last seven away matches — with five losses.Tajouri scored his fourth goal of the season in the 12th minute by sending a failed clearance into the upper corner of the net in the 12th minute. Ronald Matarrita intercepted another RSL clearance attempt in the 22nd and volleyed a shot from distance off the crossbar.Moralez, in his second season in the league, made it 2-0 in the 30th on a penalty kick after Justen Glad made contact with him from behind at the top of the box. Berget and Ebenezer Ofori each scored their first MLS goal.NYC goalkeeper Sean Johnson denied Corey Baird’s open header early in the second half to help preserve his third clean sheet of the season. David Villa, who missed the past three games due to injury, entered as a substitute in the 59th. Written by Tags: MLS/Real Salt Lake/Soccer Associated Presslast_img read more

Mavericks say Porzingis involved in incident in native Latvia

first_img Beau Lund FacebookTwitterLinkedInEmailJoshua Gateley / ESPN Images(DALLAS) — The Dallas Mavericks say Kristaps Porzingis was involved in an altercation at a nightclub in his native Latvia.After video showed the 7-foot-3 forward with a bloody forehead, the Mavericks said Sunday: “It is our understanding that Kristaps was jumped and assaulted outside of a club,” without providing further details.Video of the aftermath of the incident obtained by TMZ showed an agitated Porzingis in a torn shirt, pushing someone out of the way and approaching a group of men before several people stopped him and urged him to calm down.The 23-year-old Porzingis was acquired by Dallas in a blockbuster deal with the New York Knicks before the trading deadline but hasn’t played for the club. He missed the 2018-19 season after tearing a ligament in his left knee in what turned out to be his final game for the Knicks in February 2018.Porzingis will be a restricted free agent July 1, and the Mavericks have said they intend to sign him to a long-term contract.Copyright © 2019, ABC Radio. All rights reserved. Written bycenter_img May 13, 2019 /Sports News – National Mavericks say Porzingis involved in incident in native Latvialast_img read more

Market is feeling cold winds of the general election, research reveals

first_imgThe looming general election is beginning to affect confidence among home buyers and sellers, research has revealed.The number of people planning to sell their home within the next six months has dropped to 17%, says Zoopla, down from 23% in October last year.Its figures also reveal that a similar drop in the number of people planning to buy a property, down from 25% in October to 17% today.The portal says these drops in confidence are directly attributable to the looming general election called by Theresa May for the 8th June.Homeowners may be reluctant to move home in the current political and tax environment, but 87% of them across the UK are confident about the value of their home and expect house prices to increase over the next six months.According to Zoopla’s Housing Market Sentiment Survey, this is an increase of 4% since its last survey six months ago.General election“Despite a continued period of political uncertainty, it’s encouraging to see a rise in confidence for property price growth,” says Zoopla spokesman Lawrence Hall (pictured, left)“[But] we can’t ignore that there’s been a rise in reluctance to buy and sell properties. With the upcoming general election, it’s perhaps no surprise that people may be holding out to make a purchase or sale decision until after June 8th.”Behind the uncertainty, the lending market is improving, Zoopla says, and obtaining a mortgage is getting easier – the number of people who say it is more difficult to get a mortgage at the moment than six months ago fell back by 3%.Lawrence Hall General Election 2017 Zoopla May 12, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Housing Market » Market is feeling cold winds of the general election, research reveals previous nextHousing MarketMarket is feeling cold winds of the general election, research revealsZoopla research among homeowners shows fewer expecting to buy or sell their property.Nigel Lewis12th May 20170852 Viewslast_img read more

Mexico buying Harpoon, RAM, MK 54 torpedo for SIGMA 10514 PV

first_imgBack to overview,Home naval-today Mexico buying Harpoon, RAM missiles, MK 54 torpedoes for SIGMA 10514 patrol vessel January 8, 2018 The US State Department approved the sale of RGM-84L Harpoon Block II surface launched missiles, Block II Rolling Airframe Missile (RAM) tactical missiles and MK 54 Mod 0 lightweight torpedoes to the government of Mexico.Mexico requested the systems, worth an estimated $98.4 million, for use on the Mexican Navy’s Sigma 10514 long-range patrol vessel currently under construction at Damen Schelde Naval Shipbuilding (DSNS) in Vlissingen, the Netherlands.Mexico has requested to buy six RGM-84L Harpoon Block II surface launched missiles, twenty-three Block II Rolling Airframe Missile (RAM) tactical missiles and six MK 54 Mod 0 lightweight torpedoes.According to the US Defense Security Cooperation Agency, also included are eight MK 825 Mod 0 RAM guided missile round packs (GMRP) tri-pack shipping and storage containers, RAM Block 2 MK 44 Mod 4 Guided Missile Round Pack (GMRP) and two (2) MK 32 Surface Vessel Torpedo Tubes (SVTT) triple tube launchers in addition to ammunition, spare parts and other logistics and program support.The long-range patrol vessel is scheduled to be delivered to the Mexican Navy in early 2020. It will be used by the Mexican Navy in international exercises, humanitarian missions and territorial water protection. View post tag: Damen View post tag: POLA View post tag: Mexican Navycenter_img Authorities Mexico buying Harpoon, RAM missiles, MK 54 torpedoes for SIGMA 10514 patrol vessel View post tag: SIGMA-Class Share this articlelast_img read more

Cornish pasties travel to Cyprus

first_imgPasty maker Crantock Bakery is now supplying pasties to the Cypriot market.The Cornish company has agreed a deal with Ayia-Napa-based The Pasty Mine, set up by Cornish couple Jon and Julie Carter.All the pasties sold at the Pasty Mine will be made at Crantock Bakery to a traditional recipe and are hand-crimped before being blast-frozen ready for transportation.The Carters moved from Cornwall to Cyprus specifically to set up their business. Julie Carter said: “The response has been absolutely fantastic; in the first week alone we’ve sold over 1,000 pasties.”And it’s not just the holidaymakers who have shown an interest since the shop officially opened on 21 April. Locals have also been really interested in sampling a traditional Cornish pasty and they keep coming back for more.”Nick Ringer, managing director of Crantock Bakery, said: “The opening in Cyprus is another example of Crantock Bakery developing new markets not just in the UK, but across Europe.”We are delighted to be bringing the much-loved Cornish pasty to a wider audience.”The overseas outlet is the latest opening for the New- quay-based bakery. Crantock’s Cornish Pasties can already be found in shops across Spain and Portugal.last_img read more