Voya Prime Rate Trust Summarizes Expertise of the Board of Trustees

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Voya Prime Rate Trust (NYSE: PPR) (the “Trust”), today sent a letter to shareholders outlining the expertise and qualifications of its Board’s eight Trustees while also asking shareholders to cast their vote “FOR” the Board-approved nominees listed on the “WHITE” proxy card and “AGAINST” a proposal submitted by a hedge fund that is adverse to the interests of shareholders.

The letter emphasized that the Trustees have decades of experience collectively and the critical skills, qualifications, and diverse backgrounds to both oversee the Trust and act in the best interest of all shareholders. “In light of current volatile and uncertain markets, the continuity of the Fund’s oversight by the existing Trustees and governance structure has never been more important,” the letter states.

The Annual Meeting of Shareholders will be held on July 9, 2020.

The full text of the letter can be found here.

About Voya Investment Management

A leading, active asset management firm, Voya Investment Management manages, as of March 31, 2020, more than $210 billion for affiliated and external institutions as well as individual investors. With over 40 years of history in asset management, Voya Investment Management has the experience and resources to provide clients with investment solutions with an emphasis on equities, fixed income, and multi-asset strategies and solutions. Voya Investment Management was named in 2015, 2016, 2017, 2018 and 2019 as a “Best Places to Work” by Pensions and Investments magazine. For more information, visit voyainvestments.com. Follow Voya Investment Management on Twitter @VoyaInvestments.

Contacts

Kristopher Kagel

(212) 309-6568

Kristopher.Kagel@voya.com

KBRA Releases Report Assigning AA+ Rating with Stable Outlook to Washington Metropolitan Area Transit Authority Dedicated Revenue Bonds, Series 2020A

NEW YORK–(BUSINESS WIRE)–On May 22, 2020, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA+ with a Stable Outlook to the Washington Metropolitan Area Transit Authority Dedicated Revenue Bonds, Series 2020A.

Click here to view the report. To access ratings and relevant documents, click here.

Disclosures

Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above.

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the U.S. Information Disclosure Form located here.

Information on the meaning of each rating category can be located here.

Further disclosures relating to this rating action are available in the U.S. Information Disclosure Form referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

About KBRA

KBRA is a full-service credit rating agency registered as an NRSRO with the U.S. Securities and Exchange Commission. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

Contacts

Analytical

Harvey Zachem, Managing Director (Lead Analyst)

+1 (646) 731-2385

hzachem@kbra.com

Linda Vanderperre, Senior Director

+1 (646) 731-2482

lvanderperre@kbra.com

Peter Scherer, Associate

+1 (646) 731-2325

pscherer@kbra.com

Paul Kwiatkoski, Managing Director (Rating Committee Chair)

+1 (646) 731-2387

pkwiatkoski@kbra.com

Business Development

Bill Baneky, Managing Director

+1 (646) 731-2409

bbaneky@kbra.com

James Kissane, Senior Director

+1 (213) 806-0026

jkissane@kbra.com

AM Best Affirms Credit Ratings of National Guaranty Insurance Company of Vermont

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of National Guaranty Insurance Company of Vermont (NGIC) (Burlington, VT). The outlook of these Credit Ratings (ratings) remains stable.

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

The ratings support NGIC’s role as a captive insurance company of Waste Management, Inc. (WM) [NYSE: WM], a leading provider of comprehensive waste management environmental services in North America. The captive benefits from the parental support and robust risk management strategies afforded to it from WM as important factors of the company’s overall financial assurance program. The active risk management has benefited capitalization through loss prevention to generate consistently positive earnings.

Partially offsetting these factors is the large percentage of policyholder surplus loaned back to WM in the form of a 24-hour demand note that has caused liquidity measures to underperform its peers. This factor is mitigated partially by WM’s balance sheet size and operating cash flow, which could fulfill the loan obligation readily, if required. Capital levels also are monitored by the Vermont Department of Financial Regulation, which requires the company to maintain a certain aggregate exposure to capital ratio. Additionally, NGIC’s expense ratio compares unfavorably with the surplus lines composite due to the nature of the financial assurance line of business and expenses focused on risk mitigation. However, the company has been able to reduce underwriting expenses significantly over the past five years to further benefit operating and net income.

Due to the nature of the relationship between NGIC and WM, changes in WM’s credit risk can have an impact on NGIC’s ratings, as it is dependent on WM’s ability to support its credit risk profile, competitiveness and risk management. The captive continues to be an integral component of WM’s risk management platform. AM Best’s view of third-party credit ratings and market-based credit risk measures of WM indicates stability, resulting in NGIC’s outlooks remaining stable. Additionally, AM Best notes NGIC’s balance sheet remains very strong and its operations remains strong and profitable as an essential business in the COVID-19 environment, while meeting waste management needs of its customers.

AM Best remains the leading rating agency of alternative risk transfer entities, with more than 200 such vehicles rated in the United States and throughout the world. For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive.

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

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2020 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Kourtnie Beckwith, CPCU, AU, AMIM
Financial Analyst
+1 908 439 2200, ext. 5124
kourtnie.beckwith@ambest.com

Dan Teclaw
Senior Financial Analyst
+1 908 439 2200, ext. 5394
dan.teclaw@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

Customers Bancorp Shareholders Overwhelmingly Approve Proposals at Annual Meeting

WYOMISSING, Pa.–(BUSINESS WIRE)–$CUBI #AnnualMeeting–Shareholders of Customers Bancorp, Inc. (NYSE:CUBI) – parent of Customers Bank, a leading super-community bank with operations in Pennsylvania, Metro DC, Illinois, New Jersey, New York and New England; and BankMobile, one of the fastest growing mobile-first banking solutions; met in a virtual annual meeting Wednesday, May 27 electing two directors, ratifying the appointment of Deloitte & Touche LLP as the Bank’s independent registered public accounting firm, and supporting a non-binding “say on pay” proposal to approve the compensation of top executives.

Nearly 91% of the shareholders cast ballots favoring the non-binding “say on pay” proposal outlining the Bank’s executive compensation program and compensation paid to the Company’s named executives. The proposal is not binding on the corporation, notes the proxy statement, but the Board and Compensation Committee value the opinions of shareholders and will continue an outreach program and the study of best practices in considering future executive compensation.

Two Directors comprising the company’s Class III Directors – T. Lawrence Way, of Phoenixville, PA and Steven J. Zuckerman, of Lancaster, PA – were elected to additional three-year terms on the Board. Mr. Way, a CPA and the retired Chairman and CEO of Alco Industries, Inc., chairs the Audit Committee and is a member of the Nominating and Corporate Governance Committee. Mr. Zuckerman founded Clipper Magazine, a nationwide media company publishing direct mailing advertising magazines to 500 markets in 31 states. In 2003, he sold his company to Gannett Corporation, publishers of USA Today and today is President and CEO of Oaktree Development Group, a real estate firm. Mr. Zuckerman Chairs the Compensation Committee and is also a member of the Nominating and Corporate Governance Committee.

“We are fully committed to help our customers and team members meet the challenges posed by the coronavirus,” said Jay S. Sidhu, Chairman & CEO of Customers Bancorp, addressing the unique nature of the meeting. “Our priority has been the health and well-being of our customers, team members, and their families. Serving the needs of our customers continues to be of utmost importance. We will collaborate with key partners to confront the challenges posed by COVID-19. We are confident that we can collectively overcome this challenge while continuing to meet the financial needs of the American people.”

Sidhu discussed the bank’s performance. “Customers spent much of last year improving the mix of loans and deposits, which resulted in a wider net interest margin and stronger return on assets, return on equity and stronger capital ratios, trends which we believe will create lasting shareholder value.”

About Customers Bank

Customers Bancorp, Inc. is a bank holding company located in Wyomissing, Pennsylvania engaged in banking and related businesses through its bank subsidiary, Customers Bank a full-service super-community bank with assets of approximately $12 billion at March 31, 2020. A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender that provides a range of banking and lending services to small and medium-sized businesses, professionals, individuals, and families. Services and products are available wherever permitted by law through mobile-first apps, online portals, and a network of offices and branches. Customers Bancorp, Inc.’s voting common shares are listed on the New York Stock Exchange under the symbol CUBI. Additional information can be found on the company’s website, www.customersbank.com.

Contacts

Robert H. Ramsey
SVP Investor Relations
484-926-7118

CORRECTING and REPLACING Intrusion Inc. Appoints Jack Blount as President and Chief Executive Officer

RICHARDSON, Texas–(BUSINESS WIRE)–Third paragraph, second sentence of release dated May 27, 2020, should read: “According to Cybersecurity Ventures, the world suffered $3 trillion in cybercrime losses in 2019, with that loss predicted to reach $6 trillion in 2021. Intrusion has been fighting cybercrime for more than 20 years and as a result has the largest database of historical internet data. (instead of: “The world suffered $3 trillion in cybercrime losses in 2019, with that loss predicted to reach $6 trillion in 2021. Intrusion has been fighting cybercrime for more than 20 years and as a result has the largest database of historical internet data.).

Fifth paragraph, third sentence of release dated May 27, 2020, should read: Prior to that, he served as CIO of the United States Department of Agriculture, where he was responsible for designing a new, 10-layer cybersecurity architecture that protected more than 100,000 employees and billions of dollars. (instead of: Prior to that, he served as CIO in the federal government, where he was responsible for designing a new, 10-layer cybersecurity architecture that protected more than 100,000 employees and billions of dollars.)

The corrected release reads:

INTRUSION INC. APPOINTS JACK BLOUNT AS PRESIDENT AND CHIEF EXECUTIVE OFFICER

Intrusion Inc. (OTCQB: INTZ) (“Intrusion”) announced today that its Board of Directors has named Jack B. Blount to the position of President and Chief Executive Officer. Mr. Blount was also appointed as a director of the company. Michael L. Paxton, former Interim President and Chief Executive Officer, retains the positions of Chairman, Chief Financial Officer, Secretary and Treasurer.

“We are excited to have Jack join Intrusion. He is an experienced executive with a tremendous amount of experience,” stated Michael L. Paxton, Vice President and CFO of Intrusion.

“I have never been more energized and excited about joining a company than I am now about Intrusion,” stated Jack B. Blount, President and CEO of Intrusion. “According to Cybersecurity Ventures, the world suffered $3 trillion in cybercrime losses in 2019, with that loss predicted to reach $6 trillion in 2021. Intrusion has been fighting cybercrime for more than 20 years and as a result has the largest database of historical internet data. By combining that data and expertise with machine learning, we are creating an affordable cybercrime prevention tool that I fully expect will change the landscape of cybersecurity.”

As recently pointed out in the Cyberspace Solarium Commission report, “Our country is at risk, not only from a catastrophic cyberattack but from millions of daily intrusions disrupting everything from financial transactions to the inner workings of our electoral system. China, Russia, Iran, and North Korea all probe U.S. critical infrastructure with impunity. Criminals leverage globally connected networks to steal assets from individuals, companies, and governments.”

Blount had an extensive career in technology as a visionary in the personal computer, local area networking, ERP, mobile computing, big data, cybersecurity, and AI fields. Most recently, Blount founded a strategic consultancy for enterprise, startup and federal government organizations. Prior to that, he served as CIO of the United States Department of Agriculture, where he was responsible for designing a new, 10-layer cybersecurity architecture that protected more than 100,000 employees and billions of dollars.

Blount began his career as an engineer at IBM and was then recruited from IBM for the role of SVP of Business Development at Novell in the 1980s, where he helped expand its business from $50M to $2B in just six years. He has served as the CTO, COO, and CEO of eight technology, turnaround companies and has served on twelve technology company Boards of Directors, five of which were public companies, and he held the role of Chairman of five of those companies. Blount has conducted business in more than 40 countries and has been a speaker at many public conferences in China, France, Germany, Norway, Russia, and the United States. He graduated from Southern Methodist University with a degree in Mathematics and did his graduate MBA studies while working at IBM.

Interested investors can access a call later today to discuss Mr. Blount’s appointment at 10:00 A.M. CDT by calling 1-833-360-0880. At the replay prompt, enter conference identification number 7278964. For those unable to participate in the live conference call, a replay will be accessible beginning May 27, 2020 at approximately 3:00 P.M. CDT until June 3, 2020 by calling 1-855-859-2056. In addition, a live and archived audio webcast of the conference call will be available at www.intrusion.com.

About Intrusion Inc.

Intrusion Inc. is a global provider of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products. Intrusion’s product families include TraceCop™ for identity discovery and disclosure, and Savant™ for network data mining and advanced persistent threat detection. Intrusion’s products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks. For more information, please visit www.intrusion.com.

Contacts

Michael L. Paxton

972.301.3658, mpaxton@intrusion.com

Caps and Gowns Go On at Home: iQ Academy Minnesota to Celebrate Class of 2020 with Online Commencement

FERGUS FALLS, Minn.–(BUSINESS WIRE)–$LRN #COVID19iQ Academy Minnesota (iQMN), an online public school program of Fergus Falls Public Schools, will honor the Class of 2020 at an online commencement ceremony on Friday, May 29 alongside the graduating seniors of Kennedy Secondary School.

In lieu of their traditional in-person celebration, iQMN is inviting families and friends worldwide to join the celebration online, with live and recorded speeches from school and district leadership, students, and esteemed guests.

“We are thankful that we have been able to provide our students with educational continuity as they reach this important milestone at an unprecedented time,” said Theresa Gallagher, iQMN’s Operations Manager. “We are proud of all they have accomplished and hope that Friday’s celebration will honor their achievements and mark the beginning of their next chapter.”

This year, iQMN will graduate 47 students, many of whom have been enrolled at iQMN their entire high school career. Graduating seniors will receive their high school diplomas, and are making plans to continue their education, join military service, or enter the workforce.

iQMN students access a robust online curriculum in the core subjects and a host of electives, and attend live virtual classes taught by state-licensed teachers. Eligible high school students can participate in concurrent college enrollment opportunities through the state’s Post-Secondary Enrollment Option (PSEO) program, meaning many members of the Class of 2020 are graduating with a head start on their higher education. iQMN also offers student clubs, field trips, and social outings to foster a sense of school community, such as this week’s graduation celebration.

Details of the graduation ceremony are as follows:

WHAT: iQ Academy Minnesota 2020 Online Graduation Ceremony

WHEN: Friday, May 29, 2020, 7:00 PM CT

WHERE: Online, in conjunction with Fergus Falls Public Schools

About iQ Academy Minnesota

iQ Academy Minnesota is an accredited, full and part-time online public school program of Independent School District No. 544 (Fergus Falls), serving students statewide in grades K through 12. As part of the Minnesota public school system, iQ Academy Minnesota is tuition-free, and gives families the choice to access the engaging curriculum and tools provided by K12 Inc. (NYSE: LRN), the nation’s leading provider of K-12 proprietary curriculum and online education programs. For more information about iQ Academy Minnesota, visit mn.iqacademy.com.

Contacts

Emily Riordan

Director, Corporate Communications

K12 Inc.

eriordan@k12.com
703-483-7328

Moelis & Company Management to Speak at the Morgan Stanley Virtual U.S. Financials Conference

NEW YORK–(BUSINESS WIRE)–$MC–Moelis & Company (NYSE: MC), a leading global independent investment bank, today announced that Navid Mahmoodzadegan, Co-President, is scheduled to present at the Morgan Stanley Virtual U.S. Financials Conference on Tuesday, June 9, 2020 at 2:30 p.m. Eastern Time.

The live audio webcast will be available through the Investor Relations section of the Moelis & Company website at www.moelis.com. For those unable to listen to the live webcast, a replay will be available for 180 days on the same website following the conference.

About Moelis & Company

Moelis & Company is a leading global independent investment bank that provides innovative strategic advice and solutions to a diverse client base, including corporations, governments and financial sponsors. The Firm assists its clients in achieving their strategic goals by offering comprehensive integrated financial advisory services across all major industry sectors. Moelis & Company’s experienced professionals advise clients on their most critical decisions, including mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. The Firm serves its clients from 20 geographic locations in North and South America, Europe, the Middle East, Asia and Australia. For further information, please visit: www.moelis.com or follow us on Twitter @Moelis.

Contacts

Investors:
Chett Mandel

Moelis & Company

T: + 1 212 883 3536

Chett.mandel@moelis.com

Media:
Andrea Hurst

Moelis & Company

T: + 1 212 883 3666

M: + 1 347 583 9705

andrea.hurst@moelis.com

AM Best Revises Outlooks to Stable for Frankenmuth Mutual Insurance Company and Affiliates

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Ratings (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of Frankenmuth Mutual Insurance Company and its affiliates, Ansur America Insurance Company, Patriot Insurance Company (Yarmouth, ME), ASure Worldwide Insurance Company and Fortuity Insurance Company (collectively referred to as Frankenmuth).

AM Best has also affirmed the FSR of A (Excellent) and Long-Term ICR of “a” of Patriot Life Insurance Company (Patriot Life). The outlook of these Credit Ratings (ratings) is stable. All companies are headquartered in Frankenmuth, MI, unless otherwise noted.

The ratings reflect Frankenmuth’s balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). The ratings of Patriot Life reflect its balance sheet strength, which AM Best categorizes as very strong, as well as weak operating performance, limited business profile and appropriate ERM.

The revised outlooks to stable for Frankenmuth reflect somewhat variable, although generally positive, underwriting results and fluctuating return measures in recent years. This includes a declining trend in underwriting results during 2018 and 2019 due to higher claims severity in several lines, including commercial auto liability, and lower levels of favorable prior-year reserve development. In addition, Frankenmuth’s geographic concentration exposes the group to weather-related events, as demonstrated by an increase in natural catastrophe losses during 2019.

The rating affirmations for Frankenmuth consider its risk-adjusted capitalization, which is at the strongest level, and solid growth in policyholders’ surplus over the long term, as well as its generally favorable underwriting results over the recent five-year period, with underwriting income reported in each year except 2019. Frankenmuth’s neutral business profile assessment is driven by its solid regional market presence, broad product offering, strong agency relationships and management’s efforts to mitigate its geographic concentration. The group has also refined its ERM program in recent years with a focus on profitability and catastrophe risk management, and continues to invest in technologies and processes designed to improve efficiency and effectiveness for stakeholders.

The ratings of Patriot Life reflect the formal guaranty issued by Frankenmuth with respect to Patriot Life’s liabilities, as well as its favorable risk-adjusted capitalization, well-managed investment portfolio and high levels of liquidity. These positives are partially offset by the continued losses posted by the company year over year as it attempts to gain scale and the overall limited business profile due to that lack of scale.

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

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2020 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Robert Valenta, CPCU
Senior Financial Analyst-P/C
+1 908 439 2200, ext. 5291
robert.valenta@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Kevin Varvaro
Financial Analyst-L/H
+1 908 439 2200, ext. 5487
kevin.varvaro@ambest.com

Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

Ventev Partners with Cisco for IoT Design-In Program

HUNT VALLEY, Md.–(BUSINESS WIRE)–Ventev, the manufacturing unit of TESSCO Technologies, Inc. (Nasdaq: TESS), recently announced its selection as a partner in the Cisco Internet of Things Design-In Program. The program offers customers integrated power solutions, featuring Cisco industrial IoT networking and data solution products.

Inclusion in the program authorizes Ventev to resell Cisco products and support, either embedded into its products or integrated within solutions. Primary benefits to Ventev include increased speed to market and enhanced offering, built with Cisco’s quality, and reliable IoT products.

The collaboration will help a variety of customers including Utilities, integrators of Smart City applications, and other industries find the right products for their deployments, develop integrated solutions that address their needs, and deliver a connected IoT-enabled solution quickly.

“We are thrilled to become a partner of the Cisco IoT Design-In Program and to continue our work with Cisco’s engineering and sales teams to begin building collaborative solutions and cultivating joint go-to-market opportunities to meet our customers’ IoT needs,” said Thad Lowe, Vice President, General Manager of Ventev. “By partnering with Cisco in this program, Ventev can offer our customers a turnkey solution, alongside accessories, software, and services.”

“IoT deployments can be complex, resource intensive, and can have long lead times. Together, we look forward to simplifying integrations, reducing risk, and accelerating time to deployment,” said Srivatsa Srinivasan, Senior Business Development Manager at Cisco.

About Ventev Wireless Infrastructure

Ventev, a unit of TESSCO Technologies Inc., engineers and manufactures industry-leading Wi-Fi and wireless infrastructure products, to ensure reliable network performance and simplify installation of Wi-Fi, IoT, LTE, DAS and two-way networks. After you choose the radio, choose Ventev to deploy, protect, power, and improve your wireless radio network. For more information, visit ventev.com/infra or connect on Twitter @Ventevinfra.

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide technology leader that has been making the Internet work since 1984. Our people, products, and partners help society securely connect and seize tomorrow’s digital opportunity today. Discover more at thenetwork.cisco.com and follow us on Twitter at @Cisco.

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.

Contacts

Cindy King, Tessco

+1 410 229 1161 or kingc@tessco.com

Kulicke & Soffa Declares Regular Quarterly Dividend of $0.12

SINGAPORE–(BUSINESS WIRE)–Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) (“Kulicke & Soffa,” “K&S” or the “Company”), announced today that its Board of Directors has declared and authorized a quarterly dividend of $0.12 per share of common stock. The dividend payment will be made on July 13, 2020 to holders of record as of June 26, 2020.

About Kulicke & Soffa

Kulicke & Soffa (NASDAQ: KLIC) is a leading provider of semiconductor and electronic assembly solutions serving the global automotive, consumer, communications, computing and industrial markets. Founded in 1951, K&S prides itself on establishing foundations for technological advancement – creating pioneering interconnect solutions that enable performance improvements, power efficiency, form-factor reductions and assembly excellence of current and next-generation semiconductor devices.

Leveraging decades of development proficiency and extensive process technology expertise, Kulicke & Soffa’s expanding portfolio provides equipment solutions, aftermarket products and services supporting a comprehensive set of interconnect technologies including wire bonding, advanced packaging, lithography, and electronics assembly. Dedicated to empowering technological discovery, always, K&S collaborates with customers and technology partners to push the boundaries of possibility, enabling a smarter future. (www.kns.com)

Contacts

Kulicke & Soffa Industries, Inc.
Joseph Elgindy

Investor Relations & Strategic Initiatives

P: +1-215-784-7518

F: +1-215-784-6180