Research Report With COVID-19 Forecasts – Global Email Hosting Services Market 2020-2024 | Growing Adoption of the Bring-Your-Own-Device (BYOD) Policy to Boost Market Growth | Technavio

LONDON–(BUSINESS WIRE)–#EmailHostingServicesMarket–The global email hosting services market size is expected to grow by USD 25.70 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. The impact can be expected to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth, according to the latest market research report by Technavio. Request a free sample report


The adoption of the bring-your-own-device (BYOD) policy, in conjunction with cloud services, is increasing across the world. Businesses with cloud-based systems are adopting the BYOD policy to enable an efficient work culture and provide their employees with access to the office system from home. This allows the employees to access the required data, files, and emails over the cloud. Moreover, the implementation of mobile device management (MDM), strong access protocols, cloud and disk data encryption, and antivirus protection are further enhancing the security of the BYOD policies, thereby encouraging market growth.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43526

As per Technavio, the growing adoption of AI will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Email Hosting Services Market: Growing Adoption of AI

The growing adoption of AI is expected to be one of the key email hosting services market trends during the forecast period. Hosted email solutions powered by artificial intelligence (Al) enable communication via digital assistants. This enables users to access important emails, meeting schedules and calendars hands-free. Al also helps compose, edit, prioritize, and schedule emails through voice commands. Moreover, an Al platform, using data based on email habits and patterns, can facilitate better organization of inboxes with multi-level clustering. For instance, players are providing Al-based features for applications, that include sorting emails by determining the importance and priority.

“Factors such as the presence of affordable hosted email services, and the increasing adoption of email hosting services by financial institutions will have a significant impact on the growth of the email hosting services market value during the forecast period,” says a senior analyst at Technavio.

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Email Hosting Services Market: Segmentation Analysis

This market research report segments the email hosting services market by type (webmail and hosted email) and geography (North America, Europe, APAC, South America, and MEA).

The North American region led the email hosting services market in 2019, followed by Europe, APAC, South America, and MEA respectively. During the forecast period, the North American region is expected to register the highest incremental growth due to factors such as the migration to the cloud from existing on-premise email accounts, and the implementation of bring-your-own-device (BOYD) policies with enhanced device security and email security solutions.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com
Website: www.technavio.com/

Research Report with COVID-19 Forecasts – Global Data Center Cooling Solutions Market 2020-2024 | Increased Demand for Data Centers to Boost Market Growth | Technavio

LONDON–(BUSINESS WIRE)–#DataCenterCoolingSolutionsMarket–The global data center cooling solutions market size is expected to grow by USD 4.55 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. The impact can be expected to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth, according to the latest market research report by Technavio. Request a free sample report


The expanding adoption of advanced technologies, such as cloud-based services and big data analytics has stimulated the demand for data centers among CSPs, government agencies, and telecommunications organizations. In terms of the market, the developed countries are witnessing higher investments in data center construction, while the need for modern technological solutions is triggering the growth of data centers in developing countries. Moreover, data center operators are renovating their existing facilities to operate as green data centers by reducing both power consumption and greenhouse gas (GHG) emissions. Therefore, data center operators are expected to adopt a variety of advanced cooling techniques that are cost-effective and consume less power. Thus, the increased demand for data centers will drive the growth of the market during the forecast period.

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As per Technavio, the rising need to reduce OPEX will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Data Center Cooling Solutions Market: Rising Need to Reduce OPEX

Data center infrastructure has evolved considerably in the past few years owing to an increase in the use of modern technologies that has triggered the growth of application workloads in data centers. Despite extensive R&D in the data center space to bring about a reduction in OPEX, data center operators have struggled to develop an infrastructure that consumes less power and requires minimal maintenance. Cooling systems consume an estimated 40% of the power supplied to data centers. This is driving the demand for efficient cooling solutions that can offer adequate cooling to data center environments at low costs and reduce power consumption. Enterprises and government agencies have been working on designing new data centers with effective cooling solutions. Free cooling is an emerging technology that has seen considerable adoption among data centers in many regions as it delivers maximum efficiency and consumes less power. The technology has paved the way for the introduction of innovative cooling solutions, thereby driving the market growth.

“Factors such as the growing traction toward immersion cooling solutions, and the increase in the design of containment cooling solutions will have a significant impact on the growth of the data center cooling solutions market value during the forecast period,” says a senior analyst at Technavio.

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Data Center Cooling Solutions Market: Segmentation Analysis

This market research report segments the data center cooling solutions market by geography (APAC, North America, Europe, South America, and MEA) and application (air conditioning, economizers, cooling towers, chillers, and other).

The APAC region led the data center cooling solutions market in 2019, followed by North America, Europe, South America, and MEA respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as the exponential growth in data traffic, and the high concentration of mobile computing device OEMs.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com
Website: www.technavio.com/

Global Online Streaming Services Market 2020-2024: Rising Popularity of Online Video Streaming in the Education Sector Driving Market Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Online Streaming Services Market 2020-2024” report has been added to ResearchAndMarkets.com’s offering.

The online streaming services market is poised to grow by $ 149.96 bn during 2020-2024 progressing at a CAGR of 18% during the forecast period. The market is driven by the growing popularity of online video streaming in the education sector and increasing launch of new content and renewing of additional seasons. In addition, the rising penetration of smartphones is anticipated to boost the growth of the market as well. This study also identifies the increase in M&A and strategic alliances among vendors as another prime reason driving the online streaming services market growth during the next few years.

The online streaming services market analysis includes type segment and geographic landscapes.

The online streaming services market covers the following areas:

  • Online streaming services market sizing
  • Online streaming services market forecast
  • Online streaming services market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading online streaming services market vendors that include Alibaba Group Holding Ltd., Amazon.com Inc., Baidu Inc., Balaji Telefilms Ltd., Eros International Plc, iflix Ltd., Netflix Inc., Spotify Technology SA, Tencent Holdings Ltd., and The Walt Disney Co. Also, the online streaming services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

This study presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research – both primary and secondary.

The market research report provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.

Key Topics Covered:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Online video streaming – Market size and forecast 2019-2024
  • Online music streaming – Market size and forecast 2019-2024
  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendors landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors

Companies Mentioned

  • Alibaba Group Holding Ltd.
  • Amazon.com Inc.
  • Baidu Inc.
  • Balaji Telefilms Ltd.
  • Eros International Plc
  • iflix Ltd.
  • Netflix Inc.
  • Spotify Technology SA
  • Tencent Holdings Ltd.
  • The Walt Disney Co.

For more information about this report visit https://www.researchandmarkets.com/r/mej9ud

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

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JEOL: Release of a New Schottky Field Emission Scanning Electron Microscope JSM-IT800

 FE-SEM with Intelligence Technology (IT) Platform

TOKYO–(BUSINESS WIRE)–JEOL Ltd. (TOKYO:6951) (President & COO Izumi Oi) announces the release of a new Schottky field emission scanning electron microscope, JSM-IT800 in May 2020.


Development Background

Scanning electron microscopes (SEMs) are used in various fields, such as nanotechnology, metals, semiconductors, ceramics, medicine, and biology. As SEM applications are expanding from research and development to quality control and product inspection at manufacturing sites, SEM users are in need of faster high-quality data acquisition and simple compositional information confirmation with seamless operation.

To meet these demands, the JSM-IT800, with the Intelligence Technology (IT) platform, incorporates our In-lens Schottky Plus field emission electron gun for high resolution imaging to fast elemental mapping, and an innovative electron optical control system “Neo Engine”, as well as a seamless GUI “SEM Center” for full integration of a JEOL energy dispersive X-ray spectrometer (EDS). Furthermore, the JSM-IT800 offers two versions with two types of objective lens: the Hybrid Lens (HL) for general-purpose SEM and the Super Hybrid Lens (SHL) for enhanced resolution observation and various analyses.

Moreover, the SHL version comes with a new Upper Hybrid Detector (UHD) realizing higher signal-to-noise ratio images.

A new Scintillator Backscattered Electron Detector (SBED) and a Versatile Backscattered Electron Detector (VBED) are also available with the JSM-IT800.

Features

1. In-lens Schottky Plus field emission electron gun

Enhanced integration of the electron gun and low-aberration condenser lens provides higher brightness. Ample probe current is available at low accelerating voltage (100 nA at 5 kV). The unique In-lens Schottky Plus system enables various applications from high resolution imaging to fast elemental mapping, electron backscatter diffraction (EBSD) analysis, and soft X-ray emission spectroscopy (SXES), without the requirement to change lens conditions.

2. Neo Engine (New Electron Optical Engine)

Neo Engine is a cutting-edge electron optical system that accumulates JEOL core technologies of many years. Users can perform stable observation even when changing observation or analytical conditions. High operability for automatic functions is further enhanced.

3. SEM Center / EDS Integration

A GUI “SEM Center” is fully integrated as well as JEOL EDS for seamless and intuitive operations. The JSM-IT800 can be enhanced by incorporating optional software add-ons, such as SMILENAVI to assist novice users and the LIVE-AI filter (Live Image Visual Enhancer – AI) for a higher quality of live images.

4. Hybrid Lens (HL) version and Super Hybrid Lens (SHL) version

Based on a combination of the electrostatic and electromagnetic-field lens, two types of objective lens versions are available to satisfy various needs of users, achieving high spatial resolution imaging and analysis of a broad range of samples, from magnetic materials to insulators, with the features of the JSM-IT800.

5. Upper Hybrid Detector (UHD)

The UHD, built into the objective lens for the SHL version, greatly improves detection efficiency, leading to acquisition of images with a higher signal-to-noise ratio.

6. New Backscattered Electron Detectors

The Scintillator Backscattered Electron Detector (SBED, optional) has high responsiveness and is suitable to acquire material-contrast images at low accelerating voltage. The Versatile Backscattered Electron Detector (VBED, optional) with a segmented detector element design, allows the user for the choice to configure the individual segments or use preprogrammed detector settings to acquire images with three-dimensional, topographical, or compositional information.

Sales target

1) JSM-IT800 SHL version: 90 units/year

2) JSM-IT800 HL version: 50 units/year

JEOL Ltd.

3-1-2, Musashino, Akishima, Tokyo, 196-8558, Japan

Izumi Oi, President & COO

(Stock code: 6951, Tokyo Stock Exchange First Section)

www.jeol.com

Contacts

JEOL Ltd.

Science and Measurement Instruments Sales Division

Kazunori Kitazumi

+81-3-6262-3567

https://www.jeol.co.jp/en/support/support_system/contact_products.html

Research Report with COVID-19 Forecasts – Healthcare IT Market 2020-2024 | Need for Automation Across Departments to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–#HealthcareITMarket–Technavio has been monitoring the healthcare IT market and it is poised to grow by USD 95.98 billion during 2020-2024, progressing at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.


Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Allscripts Healthcare LLC, Cerner Corp., Dell Technologies Inc., General Electric Co., IBM Corp., Koninklijke Philips NV, McKesso Corp., Microsoft Corp., Oracle Corp., and Siemens Healthineers AG are some of the major market participants. The need for automation across departments will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Need for automation across departments has been instrumental in driving the growth of the market.

Healthcare IT Market 2020-2024: Segmentation

Healthcare IT Market is segmented as below:

  • Component

    • Services
    • Software
    • Hardware
  • Geographic Landscape

    • Asia
    • Europe
    • North America
    • ROW

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40507

Healthcare IT Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our healthcare IT market report covers the following areas:

  • Healthcare IT Market Size
  • Healthcare IT Market Trends
  • Healthcare IT Market Industry Analysis

This study identifies the emergence of AI-enabled emotion recognition technologies as one of the prime reasons driving the healthcare IT market growth during the next few years.

Healthcare IT Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the healthcare IT market, including some of the vendors such as Allscripts Healthcare LLC, Cerner Corp., Dell Technologies Inc., General Electric Co., IBM Corp., Koninklijke Philips NV, McKesso Corp., Microsoft Corp., Oracle Corp., and Siemens Healthineers AG. Backed with competitive intelligence and benchmarking, our research reports on the healthcare IT market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Healthcare IT Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist healthcare IT market growth during the next five years
  • Estimation of the healthcare IT market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the healthcare IT market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of healthcare IT market vendors

Table Of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Component

  • Market segments
  • Comparison by Component placement
  • Services – Market size and forecast 2019-2024
  • Software – Market size and forecast 2019-2024
  • Hardware – Market size and forecast 2019-2024
  • Market opportunity by Component

Customer Landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • Asia – Market size and forecast 2019-2024
  • ROW – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Allscripts Healthcare LLC
  • Cerner Corp.
  • Dell Technologies Inc.
  • General Electric Co.
  • IBM Corp.
  • Koninklijke Philips NV
  • McKesso Corp.
  • Microsoft Corp.
  • Oracle Corp.
  • Siemens Healthineers AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com
Website: www.technavio.com/

JAFCO and Bloom&Co. Partner on Support for Startups

Strengthening marketing strategy for startups to enable business growth

TOKYO–(BUSINESS WIRE)–JAFCO Co., Ltd. (Headquarters: Minato-ku, Tokyo; Shinichi Fuki, President & CEO, hereinafter called JAFCO) and Bloom&Co., Inc. (Headquarters: Shibuya-ku, Tokyo; Yasuhiro Yano, CEO, hereinafter called Bloom&Co.) have teamed up and will begin providing support to startups by leveraging the strengths of both companies.

Since its founding in 1973, JAFCO has always worked with leading entrepreneurs. In March 2020, JAFCO completed the formation of an 80 billion yen fund which is one of the largest venture capital funds in Japan. The total commitment of investment funds in Japan and overseas exceeds 1 trillion yen, and the cumulative number of IPO’d companies invested to date that are now public reached 1,006. Bloom&Co. has enabled business growth by providing comprehensive end-to-end support for the formulation and execution of marketing strategies for a wide range of businesses of different scale and business domain, including global companies, companies listed on the first section of the Tokyo Stock Exchange, startups and venture-backed companies, from qualitative and quantitative research to mass marketing, digital marketing, strategic PR, market entry, and go-to-market strategies.

Despite the global macroeconomic challenges presented by the COVID-19 pandemic, opportunities for startups and the venture capital industry remain strong. In the past, startups that have emerged during periods of economic downturn have grown to spawn new industries. JAFCO believes that it is important to be “closest to entrepreneurs and provide them with the support they need to realize their aspirations” and has been rapidly responding to provide resources and advice to existing investments. By launching new initiatives, JAFCO will further strengthen its support for early-stage companies even in a challenging business environment.

In the U.S. and Europe, there is a growing trend where venture capitalists are creating marketing functions in addition to investment. As a pioneer of Japanese venture capital, JAFCO has supported the growth of its portfolio businesses by executing business development initiatives including customer development, recruitment support and preparation for IPO listings. Going forward, we will further enhance our existing capabilities and provide support in the area of marketing strategy & planning.

In March 2020, JAFCO and Bloom&Co. began discussion of the opportunity to support startups and have been working on a marketing strategy & planning framework for portfolio companies as a pilot test. Today, the service is in full swing as it is valuable for a company’s growth to review its future direction, strategy and positioning from a third party’s point of view at an early stage. The two companies will start supporting JAFCO’s portfolio companies which are creating new industries and open up opportunities via the development and refinement of marketing strategies to drive their further business growth.

About JAFCO http://www.jafco.co.jp/english/

Company name:

JAFCO Co., Ltd.

Location:

Toranomon Hills Mori Tower 24F, 1-23-1 Toranomon, Minato-ku, Tokyo

Established:

April 5, 1973

Representative:

Shinichi Fuki, President & CEO

About Bloom&Co. http://www.bloom-and-co.com/en/

Company name:

 

Bloom&Co., Inc.

Location:

 

Hillside Terrace F-201, 18-8 Sarugaku-cho, Shibuya-ku, Tokyo

Established:

 

April 1, 2015

Representative:

 

Yasuhiro Yano, CEO

Business Description:

 

Formulate strategies for business growth with a focus on marketing, and support the execution of those strategies

 

Contacts

Hiromi Akasaka, PR

Bloom&Co., Inc.

E-mail: info@bloom-and-co.com

Yuko Tateishi, PR

JAFCO Co., Ltd.

E-mail: pr@jafco.co.jp

Natuzzi S.p.A.: Unaudited Consolidated Results for the Fourth Quarter and Full Year 2019

  • UPDATE ON COVID-19 IMPACT ON THE GROUP’S OPERATIONS
  • STARTED OUTSOURCED PRODUCTION
  • RETAIL BUSINESS HOLDS IN 2019, WHILE WHOLESALE BUSINESS AFFECTED BY TRADE DISPUTE
  • CONSOLIDATED GROSS MARGIN CONTINUES TO IMPROVE
  • 4Q2019 OPERATING BREAK-EVEN, NET OF EXTRAORDINARY COSTS

 

SANTERAMO IN COLLE, Bari, Italy–(BUSINESS WIRE)–The Board of Directors of Natuzzi S.p.A. (NYSE: NTZ1) (“Natuzzi” or the “Company”) approved today its 2019 fourth quarter and full year unaudited consolidated financial results and the Company’s draft stand-alone financial statements. The stand-alone financial statements of the Company for the year ended December 31, 2019 will be approved by the Company’s shareholders on a meeting to be held, on first call, on June 12, 2020, or, on second call, on June 14, 2020.

Update on COVID-19 Impact on Group’s Operations

On March 11, 2020, the World Health Organization declared the recent outbreak of disease caused by the novel coronavirus (COVID-19) a pandemic. As a result, severe lockdown measures were introduced in most countries, leading to a significant reduction in the Group’s and its customers’ activities worldwide.

Considering the global evolution of the contagion and the uncertainties related to its duration and intensity, it is not possible to determine the likely extent of the economic and social effects of the pandemic on international markets and, consequently, on the Group’s results for the full current year. The Company expects that these effects will be significantly negative in the short-term.

Due to the disruptions and uncertainty generated by the COVID-19 pandemic, the Company reacted immediately by setting up a task-force with the purpose of mitigating the effects of the pandemic by reducing costs and prioritizing projects that can quickly generate cash. In this context, the overall revision of non-essential operating expenses, actions related to labor cost, deferral of some investments and the review of a production allocation compatible with the current scenario are all underway.

In light of the profoundly different new reality the retail industry has recently been experiencing, it also became necessary for the Company to review its transformation plan, both for the current and subsequent years. The revised transformation plan, while confirming its main guidelines, introduces more significant cost-reduction measures.

The Company has also taken steps to access the emergency measures that the various governments are adopting to mitigate the effects of the COVID-19 outbreak on worldwide economy. In Italy, the Company has applied for long-term borrowings almost fully backed by a State agency guarantee in accordance with Decree-Law No. 23 of April 8, 2020 (also known as the “Liquidity Decree”).

The Company has started further different actions to manage liquidity and costs during the current challenging economic environment caused by COVID-19. Such actions include, among others:

— Access to the COVID-19 social security procedures that allow the Company to cut labor cost for a certain period;

— Obtainment of rent concessions or deferral payments for the majority of lease contracts, granted by lessors in response to the COVID-19 pandemic;

— Obtainment of suspension and deferral of installments of long-term borrowings due in 2020;

— Access to suspension and deferral of tax payments, VAT payments, payments to public administrations, payments of withholding tax on wages, payments of social security contributions, as provided by Decree-Law No. 18 of March 17, 2020 (also known as the “Cure Italy Decree”) adopted by the Italian Government to mitigate the effects of the COVID-19 outbreak on the Italian economy.

Fourth Quarter 2019 results

Consolidated net sales for the fourth quarter of 2019 were €100.6 million, down 12.7% from €115.2 million in 2018 same period.

Considering the Group’s core business only (upholstery, accessories and home furnishings), net sales were €95.7 million, down 13.3% compared to last year fourth quarter, due in particular to the 39.7% decrease in Private Label sales. Natuzzi branded business (Natuzzi Italia, Natuzzi Editions and Divani&Divani by Natuzzi) declined by 5.9% over 2018 last quarter.

Non-core sales were €4.9 million, up 1.4%.

The 5.9% decrease in revenues for the Natuzzi division was the result of the 5.3% decrease in the Americas (notwithstanding the 11.2% increase in the Natuzzi Italia sales), a 2.3% decrease in the EMEAI (with Natuzzi Editions sales increasing by 12.2%) and a 13.2% decrease in the Asia-Pacific region.

Natuzzi branded sales, generated by DOS (Directly Operated Stores) and third-party operated points of sale, represented 84.8% of the Group’s core business, versus 78.2% in the fourth quarter of 2018.

The Group now directly operates 56 mono-brand DOS, of which 40 Natuzzi Italia, 14 Divani&Divani by Natuzzi stores and 2 new Natuzzi Editions DOS opened in December 2019 in the UK. The Group also directly operates 11 Natuzzi Italia concessions.

Considering the whole 2019, DOS sales were €61.2 million, up 15.0% versus full year 2018. In particular, DOS located in the USA have shown a 36.7% increase in sales, achieving a positive operating result. In addition, the Italian DOS chain of Divani&Divani by Natuzzi delivered positive results as sales increased by 16.8% over 2018, with a positive operating result at store level too.

The performance of the DOS network turned out to be less positive in the fourth quarter of 2019, as DOS net sales were €16.4 million, up 3.2% against the same period last year, led by the positive performance reported in the USA (+12.9%).

On a like-for like basis, revenues of the 45 DOS were up 4.2% in 2019, while they decreased by 1.0% in the fourth quarter of 2019, improving the positive result at store level both in 2019 and in fourth quarter.

The Natuzzi division also includes sales generated by third-party operated mono-brand points of sales (Franchised operated stores, or FOS, and galleries).

Natuzzi sales generated by these third-party operated points of sale were €64.2 million, down 7.6% over 2018 last quarter, as a result of the 10.2% decrease in the Americas, the 0.6% decrease in the EMEAI and the 13.2% decrease in the Asia-Pacific region.

In 2019, we have closed 37 FOS in addition to 272 galleries and smaller points of sales whose partners and locations were inconsistent with our brand strategy.

During 2019, we have opened 102 FOS globally, of which 71 in China through our commercial partner (53 under the Natuzzi Editions name and 18 under Natuzzi Italia name).

Sales generated by the unbranded wholesale division, addressing the mass-merchant distribution, were €14.5 million, down 39.7% from €24.1 million in 2018 fourth quarter.

This division, as we know, has struggled due to the trade dispute between USA and China and, more in general, rising price competition.

In light of the tariffs imposed by the US Administration on goods imported from China, the Company has started to outsource in Vietnam part of its Private Label production for some Key Accounts in the USA.

The Company continues to explore further external industrial capacity in tariffs-free and low-cost European Countries, to regain volumes and competitiveness also in the EMEAI market.

4Q2019 Gross margin

Fourth quarter 2019 consolidated gross margin was 31.9%, up from 27.4% in 2018 same quarter, thanks to a favorable trend in raw material prices, a better sales mix, notwithstanding decreasing sales.

The Cost of Sales also includes €2.8 million of extraordinary costs related to the Italian workforce. Net of these costs, the consolidated gross margin would have been equal to 34.6% (improving from 30.5%, 29.4% and 30.1% in 3Q2019, 2Q2019 and 1Q2019, respectively).

4Q2019 Selling, Administrative and other income/expenses

Selling, Administrative and other income/expenses were €35.0 million (or 34.9% on revenues), decreasing from €40.5 million (or 35.2% on revenues) in 2018 fourth quarter, notwithstanding the €3.0 million of custom duties on goods manufactured in China and delivered to the USA market (they were €1.7 million in 4Q2018), only partially recovered by a price increase. Included in 4Q2019 Selling and Administrative expenses are also €0.3 million of costs related to the reduction of the Italian workforce. 4Q2019 Selling and Administrative expenses also benefitted from the closure of our head office in London and of all the UK concessions (store-in-store directly operated by the Group).

4Q2019 results

The Group reported an operating loss of €3.0 million, versus an operating loss of €8.9 million in 2018 last quarter.

Net of the above mentioned extraordinary costs related to the Italian workforce, the Group would break-even (an operating profit of €0.1 million) compared to an operating loss of €2.0 million, net of €6.9 million of one-off costs incurred in 2018 fourth quarter.

Loss for the period was €6.9 million.

2019 Full year results

Consolidated net sales for 2019 were €387.0 million, down 9.7% from €428.5 million in 2018.

Considering the Group’s core business only, net sales were €368.8 million, down 9.4% compared to 2018, as a result of the 5.5% decrease in sales for the Natuzzi division (despite the 3.7% increase in sales reported in the Americas) and the 22.3% decrease in sales for the Private Label business.

Non-core sales were €18.2 million.

Gross margin for 2019 was 29.7% up from 28.1% in 2018.

The Group reported an operating loss of €22.5 million versus an operating loss of €25.5 million in 2018. Net of the €5.6 million of extraordinary costs (of which €0.5 million accrued in the Selling and Administrative expenses) related to the Italian workforce, operating loss would have been equal to €16.9 million.

Net profit deriving from the 49% share of the Chinese vehicle was €1.0 million in 2019.

The Group reported a loss for the period of €33.7 million, from a profit of €33.1 million in 2018 as a result of the extraordinary income deriving from the conclusion of the partnership agreement in China in 2018.

Working capital (Inventories + trade receivables – Trade payables) on consolidated sales decreased from 11.0% in 2018 to 7.9% in 2019.

As of December 31, 2019, cash and cash equivalents, net, for the Group was €39.8 million from €62.1 million at the end of 2018, and the Group’s net financial position (cash – short and long term borrowings) was negative at -€2.8 million, compared to a positive net financial position of €6.0 million at the end of 2018.

******************************

Chairman and CEO, Pasquale Natuzzi, commented: “Weak global business environment and rising tension between USA and China, which remains an unsolved issue, have affected the performance of our operations, with particular reference to the wholesale business, both branded and unbranded.

This challenging situation prompted the Company to deeply review its plans and processes, focusing on some key cornerstones including: a confirmed focus on the controlled distribution through single-brand stores, both owned and franchised, in priority markets; a review of the Group’s production allocation, including the collaboration with external industrial partners located in low-cost Countries; the disposal of assets no longer in line with the strategic development adopted by the Group; and a generalized streamlining of processes and costs.

We followed up immediately with the implementation of the relevant measures and the first positive effects started to arise.

In fact, sales from the retail channel, both directly and franchised operated, showed improving trends. Then, the outsourced production in Vietnam started to serve an important US distributor. We intend to increase the share of the North American market that can be served through outsourced production in Vietnam. Furthermore, we are progressing our activities to find industrial partners in low-cost Countries in Eastern Europe, with the aim to support the wholesale Private Label and Natuzzi Edition business also in the EMEAI region.

But since the beginning of the year, the shock due to the COVID-19 pandemic has created unprecedented challenges for the business, globally and transversally in almost all industries, changing everyone’s life and habits. This has resulted in a significant interruption in the Group’s as well as our customers’ activities, globally. Only recently part of the lockdown measures in Italy and in some other countries have been lifted, allowing a gradual reopening of most of our stores and manufacturing facilities worldwide.

The ongoing pandemic experience is likely to lead to an increasing focus on the omni-channel sale approach. Therefore, we believe that now it is even more important to follow the direction already undertaken, which focuses on retail development, with a more integration between physical stores and digital commerce.

In addition, we will continue to rebalance the overall Group’s industrial footprint, to best fit the new retail challenges and the current protectionist pressures, as well as reduce the overall cost structure, with particular reference to the Italian operations.”

1 The Company is noncompliant with quantitative/qualitative continued NYSE listing standards (see https://www.nyse.com/quote/XNYS:NTZ). For further information, please see the press release issued by the Company on April 25, 2020.

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

Certain statements included in this press release constitute forward-looking statements within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve risks and uncertainties that could cause the Company’s actual results to differ materially from those stated or implied by such forward-looking statements including, but not limited to, potential risks and uncertainties relating to the duration, severity and geographic spread of the COVID-19 pandemic, actions that may be taken by governmental authorities to contain the COVID-19 pandemic or to mitigate its impact, the potential negative impact of COVID-19 on the global economy, consumer demand and our supply chain, and the impact of COVID-19 on the Company’s financial condition, business operations and liquidity. Additional information about potential factors that could affect the Company’s business and financial results is included in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 20-F. The Company undertakes no obligation to update any of the forward-looking statements after the date of this press release.

About Natuzzi S.p.A.

Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is Italy’s largest furniture house and one of the most important global players in the furniture industry with an extensive manufacturing footprint and a global retail network. Natuzzi is the European lifestyle best-known brand in the upholstered furnishings sector worldwide (Brand Awareness Monitoring Report – Ipsos 2018) and has been listed on the New York Stock Exchange since May 13, 1993. Always committed to social responsibility and environmental sustainability, Natuzzi S.p.A. is ISO 9001 and 14001 certified (Quality and Environment), OHSAS 18001 certified (Safety on the Workplace) and FSC® certified (Forest Stewardship Council).

Natuzzi S.p.A. and Subsidiaries
Unaudited consolidated statement of profit or loss for the fourth quarter of 2019 and 2018
on the basis of IFRS -IAS (expressed in millions Euro)
Three months ended on Change Percentage of Sales

31-Dec-19

31-Dec-18

%

31-Dec-19

31-Dec-18

 
Revenues

100.6

115.2

-12.7%

100.0%

100.0%

Cost of Sales

(68.5)

(83.6)

-18.0%

-68.1%

-72.6%

Gross profit

32.0

31.6

1.4%

31.9%

27.4%

 
Other income

1.4

1.1

1.4%

0.9%

Selling Expenses

(25.9)

(30.1)

-13.9%

-25.8%

-26.1%

Administrative expenses

(8.9)

(10.3)

-12.9%

-8.9%

-8.9%

Impairment on trade receivables

(1.1)

(0.6)

-1.1%

-0.6%

Other expenses

(0.5)

(0.6)

-0.5%

-0.5%

 
Operating profit/(loss)

(3.0)

(8.9)

-3.0%

-7.7%

 
Finance income

0.1

0.1

Finance costs

(0.8)

(1.6)

Net exchange rate gains/(losses)

(1.5)

(1.2)

Gain from disposal and loss of control of a subsidiary

0.0

0.0

 
Net finance income/(costs)

(2.2)

(2.6)

 
Share of profit/(loss) of equity-method investees

(0.4)

(0.5)

 
Profit/(Loss) before tax

(5.5)

(12.0)

-5.5%

-10.4%

 
Income tax expense

(1.3)

(0.5)

-1.3%

-0.4%

 
Profit/(Loss) for the period

(6.9)

(12.5)

-6.8%

-10.8%

 
Profit/(Loss) attributable to:
Owners of the Company

(6.7)

(12.3)

-6.7%

-10.7%

Non-controlling interests

(0.2)

(0.2)

 
Profit/(loss) per Ordinary Share

(0.12)

(0.22)

Natuzzi S.p.A. and Subsidiaries
Unaudited consolidated statement of profit or loss for the twelve months of 2019 and 2018
on the basis of IFRS -IAS (expressed in millions Euro)

twelve months ended on

Change

Percentage of Sales

31-Dec-19

31-Dec-18

%

31-Dec-19

31-Dec-18

 
Revenues

387.0

428.5

-9.7%

100.0%

100.0%

Cost of Sales

(271.9)

(308.2)

-11.8%

-70.3%

-71.9%

Gross profit

115.0

120.3

-4.4%

29.7%

28.1%

 
Other income

5.2

5.9

1.3%

1.4%

Selling Expenses

(105.3)

(115.0)

-8.5%

-27.2%

-26.8%

Administrative expenses

(34.0)

(35.3)

-3.7%

-8.8%

-8.2%

Impairment on trade receivables

(2.4)

(0.7)

-0.6%

-0.2%

Other expenses

(1.0)

(0.6)

-0.3%

-0.1%

 
Operating profit/(loss)

(22.5)

(25.5)

-5.8%

-5.9%

 
Finance income

0.4

0.4

Finance costs

(7.9)

(5.6)

Net exchange rate gains/(losses)

(2.3)

(3.9)

Gain from disposal and loss of control of a subsidiary

0.0

75.4

 
Net finance income/(costs)

(9.9)

66.3

 
Share of profit/(loss) of equity-method investees

1.0

(0.3)

 
Profit/(Loss) before tax

(31.3)

40.5

-8.1%

9.5%

 
Income tax expense

(2.3)

(7.4)

-0.6%

-1.7%

 
Profit/(Loss) for the period

(33.7)

33.1

-8.7%

7.7%

 
Profit/(Loss) attributable to:
Owners of the Company

(33.4)

33.3

-8.6%

7.8%

Non-controlling interests

(0.3)

(0.2)

 
Profit/(loss) per Ordinary Share

(0.61)

0.61

Natuzzi S.p.A. and Subsidiaries
Unaudited consolidated statements of financial position (condensed)
on the basis of IFRS-IAS
(Expressed in millions of Euro)

31-Dec-19

31-Dec-18

 
ASSETS
Non-current assets

212.5

165.6

Current assets

156.9

207.1

TOTAL ASSETS

369.4

372.7

 
EQUITY AND LIABILITIES
Equity attributable to Owners of the Company

103.1

136.5

Non-controlling interests

1.7

1.6

Non-current liabilities

112.6

66.1

Current liabilities

152.0

168.4

TOTAL EQUITY AND LIABILITIES

369.4

372.7

Natuzzi S.p.A. and Subsidiaries
Unaudited consolidated statements of cash flows (condensed)
(Expressed in millions of Euro)

31-Dec-19

31-Dec-18

 
 
Net cash provided by (used in) operating activities

4.7

(11.3)

 
Net cash provided by (used in) investing activities

(3.3)

14.6

 
Net cash provided by (used in) financing activities

(24.2)

2.2

 
Increase (decrease) in cash and cash equivalents

(22.8)

5.4

 
Cash and cash equivalents, beginning of the year

60.4

55.0

 
Effect of movements in excahnge rates on cash held

0.3

(0.1)

 
Cash and cash equivalents, end of the period

37.8

60.4

 
 
For the purpose of the statements of cash flow, cash and cash equivalents comprise the following:
(Expressed in millions of Euro)

31-Dec-19

31-Dec-18

Cash and cash equivalents in the statement of financial position

39.8

62.1

Bank overdrafts repayable on demand

(2.0)

(1.8)

Cash and cash equivalents in the statement of cash flows

37.8

60.4

 

Contacts

NATUZZI INVESTOR RELATIONS
Piero Direnzo | tel. +39.080.8820.812 | pdirenzo@natuzzi.com

NATUZZI CORPORATE COMMUNICATION
Vito Basile (Press Office) | tel. +39.080.8820.676 | vbasile@natuzzi.com

Proactive Health Company Thriva Secures £4m Funding From Pan-European Venture Capital Firm Target Global to Further Establish At-Home Health Service

 

LONDON–(BUSINESS WIRE)–Thriva, the proactive health company, has secured a £4M extension to its Series A funding round from Berlin-based VC Target Global.

The investment, which takes Thriva’s total funding to £11m, will support the company as it expands its at-home health service designed to help people stay on the front foot with their health and to continue putting better health in your hands.

The investment comes from Target Global’s new Early Stage Fund II and will top up the £6m Series A raised in 2019. Existing investors include Guinness Asset Management and Pembroke VCT.

Thriva have processed over 115,000 test at-home blood tests since 2016 which have helped people keep track of what’s happening inside their bodies with 76 percent of Thriva users achieving an improvement in at least one of their biomarkers between tests.

After spending three years building a DTC brand, Thriva has now launched personalised health plans and high quality supplements and the business is scaling up it’s partnerships with hospitals and other healthcare providers looking to provide at-home testing to their patients and clients.

The company is rapidly becoming the go-to brand in the ‘proactive health’ category, an increasingly mainstream movement in which people are taking control of their own health.

The company, which was founded by Hamish Grierson, Eliot Brooks and Tom Livesey, continues to grow 100% year-on-year and has expanded its team significantly to 50 team members in the company’s London Headquarters.

Thanks to Thriva, customers can understand, keep track of and improve what’s happening inside their bodies. Its at-home testing kits are processed by UKAS accredited laboratories and can analyse anything from indicators of heart disease and diabetes, to vitamins and minerals and hormone function.

Its customers are people who proactively seek out services that go beyond a ‘one-size fits all’ approach to health and are looking for the personalised, actionable insights that Thriva provides.

Hamish Grierson, co-founder and CEO of Thriva said: “As the world faces unprecedented challenges posed by the coronavirus crisis, we have all been forced to view our health, and our mortality, in a new light.

We believe that now and in the near future, people will be taking a more proactive approach to their own health and wellbeing. Whilst we cannot protect ourselves entirely from the tragic effects of a global pandemic like COVID-19, this period may inspire people to invest in their general health for the long-term.”

Dr Ricardo Schäfer – Partner at Target Global said: “When we first met the team behind Thriva, we were immediately hooked by their mission to allow people to take health into their own hands. Thriva has all the right ingredients to become one of those transforming category leaders we are seeking to back at Target Global.

We are witnessing a shift in consumer behavior towards an increasingly proactive approach to health: people want to know what’s going on inside their bodies. Covid-19 is further accelerating this trend, which requires remote blood testing. Thriva is playing an essential role in providing a solution for increasing the test volume. We are excited to partner with Hamish, Eliot, and Tom at this pivotal point in time for the company.”

Contacts

Nicole Green

Catch Communications

+447977402219

Sierra Wireless Announces Results of Annual Shareholders’ Meeting and Appointment of New Directors

VANCOUVER, British Columbia–(BUSINESS WIRE)–Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) (“Sierra Wireless” or the “Company”) is pleased to announce the results from its annual general and special meeting of shareholders (“Shareholders”) held on May 21, 2020, (the “Meeting”) and the appointment of three new independent directors to the Board of Directors of the Company (the “Board”).

Results of the Meeting

All of the nine nominees proposed by management for election to the Board at the Meeting and listed in the Company’s Management Information Circular dated April 20, 2020, (the “Circular”) were elected to the Board. The directors will remain in office until the next annual meeting of Shareholders, or until their successors are elected or appointed.

The results of the vote on the election of directors are as follows:

 

Director

 

Votes in Favour

 

Votes Withheld

 

Number of Votes

Percentage (%)

Number of Votes

Percentage (%)

Gregory D. Aasen

16,516,793

95.88%

710,445

4.12

Robin A. Abrams

16,566,046

96.16%

661,192

3.84

Russell N. Jones

16,731,536

97.12%

495,702

2.88

Lori M. O’Neill

16,754,240

97.25%

472,998

2.75

Thomas Sieber

16,762,256

97.30%

464,982

2.70

Kent P. Thexton

16,623,928

96.50%

603,310

3.50

Gregory L. Waters

16,766,993

97.33%

460,244

2.67

James R. Anderson

16,764,978

97.32%

462,260

2.68

Karima Bawa

16,746,586

97.21%

480,651

2.79

The other items of business at the Meeting were to (i) appoint Ernst & Young LLP, Chartered Professional Accountants, as auditors of the Company for the ensuing year and to authorize the directors to fix the remuneration of the auditors; (ii) approve certain amendments to the Company’s Amended and Restated 1997 Stock Option Plan and to approve all unallocated entitlements thereunder; (iii) approve certain amendments to the Company’s 2011 Treasury Based Restricted Share Unit Plan; (iv) approve an advisory resolution to accept the Company’s approach to executive compensation; (v) approve an amendment to, and the restatement of, the Company’s Amended and Restated By-Law No. 1; and (vi) authorize the Company to amend its articles to increase the maximum number of directors of the Company from nine to twelve.

By resolution passed by way of a show of hands, Ernst & Young LLP, Chartered Professional Accountants, were appointed as auditors of the Company for the ensuing year. Proxies received as of the proxy cut-off time on May 19, 2020 with respect to the reappointment of Ernst & Young LLP, Chartered Professional Accountants were voted as follows:

Votes For

% Votes For

Votes Withheld

% Votes Withheld

26,295,855

99.34%

175,432

0.66%

By resolution passed by way of ballot, the Shareholders approved certain amendments to and all of the unallocated options, rights and entitlements under the Company’s Amended and Restated 1997 Stock Option Plan (the “Option Plan”), as more particularly described in the Company’s Management Information Circular dated April 20, 2020 (the “Circular”), as follows:

Votes For

% Votes For

Votes Against

% Votes Against

12,586,014

73.06%

4,641,224

26.94%

By resolution passed by way of ballot, the Shareholders approved certain amendments to the Company’s 2011 Treasury Based Restricted Share Unit Plan (the “Treasury RSU Plan”), as more particularly described in the Circular, as follows:

Votes For

% Votes For

Votes Against

% Votes Against

12,630,650

73.32%

4,596,587

26.68%

By resolution passed by way of ballot, the Shareholders approved a non-binding resolution approving the compensation of the Company’s named executive officers, as follows:

Votes For

% Votes For

Votes Against

% Votes Against

12,727,726

73.88%

4,499,510

26.12%

By resolution passed by way of a show of hands, the Shareholders approved the amendment to, and restatement of, the Company’s Amended and Restated By-Law No. 1 (“By-Law No. 1”), as more particularly described in the Circular. Proxies received as of the proxy cut-off time on May 19, 2020 with respect to the Amendment and Restatement of By-Law No. 1 were voted as follows:

Votes For

% Votes For

Votes Against

% Votes Against

16,761,781

97.30%

465,026

2.70%

By resolution passed by way of a show of hands, the Shareholders approved a special resolution authorizing the Company to apply for a certificate of amendment under the CBCA to amend its Articles to increase the maximum number of directors of the Company from nine to twelve (the “Board Expansion Resolution”), as more particularly described in the Circular. Proxies received as of the proxy cut-off time on May 19, 2020 with respect to the amendment of the Articles were voted as follows:

Votes For

% Votes For

Votes Against

% Votes Against

16,678,338

96.82%

548,468

3.18%

No other business was voted upon at the Meeting.

Appointment of New Directors

Further to the Company’s previous press releases dated April 16, 2020 and May 6, 2020, the Company is pleased to announce the appointment of Thomas K. Linton, Martin Mc Court and Mark Twaalfhoven to the Board following the approval of the Board Expansion Resolution at the Meeting.

About Sierra Wireless

Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is the leading IoT solutions provider that combines devices, network services and software to unlock value in the connected economy. Companies globally are adopting IoT to improve operational efficiency, create better customer experiences, improve their business models and create new revenue streams. Whether it is an integrated solution to help a business securely connect edge devices to the cloud, or a software/API service to help manage processes associated with billions of connected assets, or a platform to extract real-time data to make the best business decisions, Sierra Wireless will work with you to develop the right industry-specific solution for your next IoT endeavor. Sierra Wireless has more than 1,300 employees globally and operates R&D centers in North America, Europe and Asia. For more information, visit www.sierrawireless.com.

Connect with Sierra Wireless on the IoT Blog at http://www.sierrawireless.com/iot-blog, on Twitter at @SierraWireless, on LinkedIn at http://www.linkedin.com/company/sierra-wireless and on YouTube at http://www.youtube.com/SierraWireless.

“Sierra Wireless” is a registered trademark of Sierra Wireless. Other product or service names mentioned herein may be the trademarks of their respective owners.

Contacts

Media Contact:
Kim Homeniuk

+1 (604) 233-8028

khomeniuk@sierrawireless.com

Investor Contact:
David Climie

+1 (604) 231-1137

dclimie@sierrawireless.com

Desert Financial Arena Community Blood Drive on May 31 Aims for 350-Plus Donors

Desert Financial and ASU encourage healthy donors: Be a part of something bigger

PHOENIX–(BUSINESS WIRE)–#SharingSuccess–Every day in hospitals across the country, millions of patients depend on lifesaving blood donations to survive and thrive. But in the wake of the COVID-19 pandemic, hundreds of blood drives were cancelled due to school and business closures, causing a significant drop in blood donations. With elective surgeries resuming in Arizona hospitals, blood needs are on the rise.


Healthy, eligible donors are invited to the Desert Financial Arena Community Blood Drive Sunday, May 31, from 8:00 a.m. to 2:00 p.m. at Desert Financial Arena on the Arizona State University campus in Tempe.

Participants are encouraged to arrive 15 minutes early. Visit here for details, maps and registration. The first 350 donors will receive an ASU/Desert Financial T-shirt in appreciation for giving blood at this crucial time.

Vitalant, Arizona’s largest nonprofit community blood provider has partnered to host the blood drive. While there is no inherent risk of contracting coronavirus while donating blood, Vitalant is following current guidelines from the Centers for Disease Control (CDC). Extra precautions will be implemented with regard to social distancing, health screening and sanitation to protect staff and donors.

Donors are encouraged to arrive early. They will be invited to wait in their cars or other comfortable and convenient locations, and alerted just prior to their appointments via text. Masks will be required during donations and provided by Desert Financial. Additional precautions taken during the blood drive include the following, and FAQs can be found here.

  • Temperatures taken at registration; those higher than 99.5 are not eligible to donate
  • Waiting areas will accommodate social distancing measures of 6 feet apart
  • Pre-packaged, single use servings of snacks/beverages available
  • Donors are required to wear masks; Desert Financial will supply for one-time use
  • Masks and gloves will be worn by Vitalant staff
  • Donor-touched areas will be sanitized frequently and after every collection
  • Donations will be taken using sterile, one-time use collection sets
  • Donors’ arms will be swabbed with an antiseptic for 30 seconds
  • Children and other visitors are discouraged from accompanying donors

Over the past few months, we’ve been reminded just how much we need each other. We’ve been encouraged by the many stories of generosity and acts of kindness across our community, and we encourage those in good health to step up in a big way. It’s safe, it’s easy, and nothing feels better than giving back,” said Jeff Meshey, President and CEO at Desert Financial.

Blood donors help Arizona kids like 4-year-old Adelyn who received her 66th blood transfusion on May 6. She was born with Diamond Blackfan Anemia, a rare disorder that prevents her body from producing red blood cells. Every three to four weeks, she relies on the generosity of blood donors to keep her alive – a need that is expected to continue the rest of her life. “Adelyn has taught us the importance of donating blood,” says her mother Kami. “We are forever thankful to each and every blood donor.”

“ASU wants to open its doors for this important life-saving opportunity,” says Colleen Jennings-Roggensack, ASU Vice President for Cultural Affairs. “Connecting the community during a blood a drive is a way for people to give in a powerful way and impact us all.”

About Desert Financial Credit Union

Celebrating 81 years in Arizona, Desert Financial is the state’s largest local credit union with $5 billion in assets, more than 330,000 members and 47 locations across the Valley. As a not-for-profit cooperative, Desert Financial takes pride in sharing success. In 2019, Desert Financial gave nearly $11M to Valley nonprofits, the community and members. Learn more at desertfinancial.com.

About Vitalant

Vitalant (“Vye-TAL-ent”) is a national community blood service provider, supplying comprehensive transfusion medicine services for nearly 1,000 hospitals and health care partners for patients in need across 40 states. Vitalant inspires local communities to serve the needs of others and transform lives through the selfless act of donating blood. Every day, almost 5,000 blood donations are needed to meet the needs of people throughout the country, and Vitalant’s 800,000 donors supply 1.8 million donations a year. In addition to blood products, Vitalant offers customers transfusion services, medical consulting, quality guidance, ongoing education, research and more. For more information and to schedule a donation, visit vitalant.org or call 877-25-VITAL (877-258-4825). Join the conversation about impacting the lives of others on Facebook, Twitter and Instagram. To learn more about Vitalant’s COVID-19 efforts, visit vitalant.org/COVIDfree

Contacts

Diane Meehl | 480-651-4654

Diane.Meehl@desertfinancial.com