ALPHA PRO TECH, LTD. ANNOUNCES $5 MILLION EXPANSION OF SHARE REPURCHASE PROGRAM

The MarketWatch News Department was not involved in the creation of this content.

NOGALES, Ariz., Sep 22, 2020 (GLOBE NEWSWIRE via COMTEX) —
NOGALES, Ariz., Sept. 22, 2020 (GLOBE NEWSWIRE) — Alpha Pro Tech, Ltd. (NYSE American: APT), a leading manufacturer of products designed to protect people, products and environments, including disposable protective apparel and building products, today announced that its Board of Directors has authorized a $5.0 million expansion of the Company’s existing share repurchase program.

With this authorized expansion, the Company now has approximately $7.0 million available to repurchase shares of the Company’s common stock, $2.0 million of which remains from the previous expansion, most recently announced in December 2019.

Lloyd Hoffman, President and Chief Executive Officer of Alpha Pro Tech, commented, “Our record revenue growth and cash flow generation through the first six months of 2020, in conjunction with the expectation of strong operating results for

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Wearable shipments spike by 60 million for 2020 despite COVID-19 lockdowns, IDC says

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More people are buying wearables in 2020.


Érika García / CNET

Wearables are primed to hit almost 400 million shipments in 2020, IDC said Friday. According to the analyst firm, the top-selling wearable category globally is now hearables like wireless headphones and earphones. The rise in wearables shipments comes despite most of the world stuck at home amid the spread of COVID-19 — around 60 million more wearables are forecast to be shipped in 2020 than were shipped in 2019.

IDC predicts 234 million shipments of hearables for 2020, compared with 91 million smartwatches and 68 million other smart wrist bands.

“Even though vendors scaled down production and end users were quarantined, demand for wearables remained steady,” IDC said. “The market was propelled by near-record demand for hearables.”

IDC added

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Over 15 million years, weathering rocks reduced carbon dioxide levels and cooled Earth — ScienceDaily

The Greenland ice sheet owes its existence to the growth of an arc of islands in Southeast Asia — stretching from Sumatra to New Guinea — over the last 15 million years, a new study claims.

According to an analysis by researchers at the University of California, Berkeley, UC Santa Barbara and a research institute in Toulouse, France, as the Australian continent pushed these volcanic islands out of the ocean, the rocks were exposed to rain mixed with carbon dioxide, which is acidic. Minerals within the rocks dissolved and washed with the carbon into the ocean, consuming enough carbon dioxide to cool the planet and allow for large ice sheets to form over North America and Northern Europe.

“You have the continental crust of Australia bulldozing into these volcanic islands, giving you really high mountains just south of the equator,” said Nicholas Swanson-Hysell, associate professor of earth and planetary science

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Yalla Group Targets $149 Million U.S. IPO

Yalla Group Limited (YALA) intends to raise $149 million in an IPO of its American Depositary Shares [ADSs] representing underlying Class A shares, according to an F-1 registration statement.

Dubai, United Arab Emirates-based Yalla was founded to develop an online community service focused on the Middle East and North Africa [MENA] region that is built on voice communication rather than just written texting.

Management is headed by founder, Chairman and CEO Mr. Tao Yang, who was previously manager of ZICT Technology Co and vice president of Beijing Feinno Communication Technology.

The company’s primary offerings include:

  • Voice Chat
  • Social Network
  • Entertainment
  • Online Games
  • Gift Exchange

Yalla has received at least $26.9 million from investors including YooYoo Limited, Orchid Asia, WindBell Limited, and SIG Global China Fund.

The firm provides its app through major mobile platform operators such as Apple and Google.

Management believes there is a ‘significant imbalance between the supply

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The Installed Base of Airport Asset Tracking Systems will Reach 0.5 Million Units in 2024

DUBLIN, Sept. 24, 2020 /PRNewswire/ — The “The Airport Asset Tracking Market – 3rd Edition” report has been added to ResearchAndMarkets.com’s offering.

An increasing number of companies have introduced asset tracking and management solutions which can be used to keep track of airport assets and improve the efficiency of ground handling operations and maintenance routines. This report estimates that the global installed base of active airport asset tracking systems was over 0.2 million units in 2019. Growing at a compound annual growth rate (CAGR) of 15.4 percent, the active installed base is estimated to reach close to 0.5 million units worldwide in 2024. This includes all airport asset tracking systems deployed for various motorised ground support equipment (GSE), non-motorised equipment (NME) as well as other applicable airport assets including on-road vehicles used in airport environments. The definition of an airport asset tracking solution covers systems based on various technologies

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Emerging biotechnology company Biocytogen raised 142 million dollars (USD) in support of Project Integrum

Press release content from PR Newswire. The AP news staff was not involved in its creation.

BEIJING and BOSTON, Sept. 24, 2020 /PRNewswire/ — In August, Beijing Biocytogen Biotechnology Co., Ltd. (“Biocytogen”) announced acquisition of Eucure Biopharma, which established Biocytogen as a clinical stage company. Now, Biocytogen is pleased to announce completion of series D1 Funding, successfully raising 142 million dollars (USD) meant to further secure the implementation of Project Integrum.

Project Integrum is a humanitarian effort to discover, develop, and bring to market novel therapeutic antibody candidates against all notoriously difficult druggable targets. Taking full advantage of Biocytogen’s integrated technology platforms for antibody discovery, Project Integrum will launch pre-clinical efforts into over 1,000 human diseases currently affecting countless lives.

Meticulous screening of antibody candidates both in vivo and in vitro improves clinical translatability dramatically. At the core of Biocytogen lie the humanized antibody RenMab Mouse

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Pitch deck: How AR platform Camera IQ raised $5 million

  • Augmented reality platform Camera IQ raised $5 million in Series A funding led by early-stage Silicon Valley investor Shasta Ventures.
  • Camera IQ said augmented reality share rates on Instagram and Facebook increased 43% and 23% respectively during the second quarter.
  • CEO Allison Ferenci says: “[COVID] definitely accelerated both brand adoption, as quite literally we’re living life through the lens of the camera, … and customer adoption.”
  • We got an exclusive look at the pitch deck Camera IQ used to bring new investors on board.
  • Visit Business Insider’s homepage for more stories.

Augmented reality (AR) platform Camera IQ has announced a $5 million Series A led by early-stage Silicon Valley investor Shasta Ventures. The round brings total funding raised to-date to more than $14 million.

Camera IQ’s platform allows businesses to create and manage AR campaigns on social media and streaming platforms such as Instagram, Snapchat, and Zoom. It works with

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B&W Thermal Awarded Contracts Totaling More Than $15 Million for Emissions and Performance Upgrades at Taiwan Power Company Plant

Babcock & Wilcox (B&W) (NYSE: BW) announced that its B&W Thermal segment will design and supply industry leading low-NOx combustion technology and an innovative pulverizer system upgrade for Taiwan Power Company’s Taichung Power Plant in Longjing District, Taichung, Taiwan. The contracts total more than $15 million.

Four of the plant’s boilers were supplied by B&W in the 1990s. B&W Thermal will upgrade the combustion system for one unit, providing its custom-engineered AireJet® low-NOx burners. B&W Thermal’s AireJet burners offer significantly reduced nitrogen oxides levels compared to other low-NOx combustion technology, burning cleaner, with high boiler efficiency and improved plant heat rate. B&W Thermal will also convert the existing pulverizer systems on two units from B&W-89 to B&W-92 pulverizers to provide additional fuel grinding capability and efficiency, and will also provide DSVS rotating classifiers and associated equipment as part of these pulverizer system upgrades.

“B&W Thermal has

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Atlanta information-technology company considering High Point for $305 million project | Local

A fast-growing information-technology company from Atlanta is requesting economic incentives from two Triad government groups for a potential $305 million multi-tenant project.

A legal notice placed by Guilford County Board of Commissioners identifies the company as DC Blox, which has four data centers in the Southeast — Atlanta, Birmingham, Ala., Chattanooga, Tenn., and Huntsville, Ala.

The company announced Sept. 9 plans to build a $200-million, 45,000-square-foot facility in Greenville, S.C., where it will have five employees initially.

The High Point Economic Development Commission said Monday that DC Blox is considering placing operations at 4131 Sheraton Court in High Point.

That site is a vacant 14.4-acre site in Piedmont Centre across the street from the Bank of America Corp. call center and near a Polo Ralph Lauren property and N.C. 68.

Loren Hill, president of the High Point economic group, said it and the Guilford Economic Development Alliance “have been talking

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