For the week of July 17 to July 21, 2017

Monday Tuesday Wednesday Thursday Friday

Monday's Business Reports


These business pages will run from Monday thru Friday. Different reports each day starting Monday and adding webpages throughout the week. Our Business Reports will feature local California companies.

 

B. Riley & Co. Acts as Exclusive Financial Advisor to Gracious Home in its Chapter 11 Bankruptcy Proceeding

LOS ANGELES, CA...July 17, 2017 - B. Riley & Co., LLC ("B. Riley"), a full-service investment bank and a wholly-owned subsidiary of B. Riley Financial, Inc. (NASDAQ:RILY), acted as the exclusive financial advisor to Gracious Home (the "Company"), a luxury home retailer, in connection with its Chapter 11 bankruptcy proceeding.

In addition to assisting with the sale of substantially all of the Company's assets to NEWGH, LLC, B. Riley helped the Company to secure a DIP facility from Gracious Home Lending, LLC, a special purpose vehicle formed by JMB Capital. The sale closed on July 3, 2017.

B. Riley's deal team was led by Perry Mandarino and Adam Rosen. Trenk, DiPasquale, Della Ferra and Sodono served as legal counsel to the Company.

About Gracious Home

Founded in 1963, Gracious Home began as a small neighborhood hardware store on Manhattan's Upper East Side. Today, the Gracious Home operates a housewares and home furnishings business at various locations. Gracious Home offers a wide range of customized products and services, including personal shopping, corporate and bridal gifts, decorative hardware, lighting and plumbing, key making, knife sharpening, lamp re-wiring, vacuum repairs and custom window treatments. For more information, visit www.gracioushome.com.

About B. Riley & Co.

B. Riley & Co., LLC is a leading investment bank which provides corporate finance, research, and sales & trading to corporate, institutional and high net worth individual clients. Investment banking services include initial, secondary and follow-on offerings, institutional private placements, and merger and acquisitions advisory services. The firm is nationally recognized for its highly ranked proprietary equity research. B. Riley & Co., LLC is a member of FINRA and SIPC.

 

 

Five Prime Therapeutics Initiates Patient Dosing in Phase 1 Clinical Safety Trial Evaluating FPA144 in Gastric Cancer in Japan in Preparation for Future Global Late-Stage Development

SOUTH SAN FRANCISCO, CA...July 17, 2017 - Five Prime Therapeutics, Inc. (Nasdaq:FPRX), a clinical-stage biotechnology company focused on discovering and developing innovative immuno-oncology protein therapeutics, today announced the company has initiated dosing in its Phase 1 clinical trial of FPA144, an anti-FGF receptor 2b antibody, in patients with advanced gastric and gastroesophageal cancer in Japan.

"Gastric cancer is the sixth most common cancer by incidence globally and we estimate approximately 10% of gastric cancer patients have tumors that have FGFR2 gene amplification or overexpress FGFR2b, which are associated with significantly lower survival rates than the gastric cancer patient population as a whole," said Helen Collins, M.D., Senior Vice President and Chief Medical Officer of Five Prime. "Moreover, the observed incidence of gastric cancer is higher in Asian populations than in other populations. We believe FPA144 represents a potentially promising treatment option for this targeted patient population with high unmet need."

The number of metastatic gastric and gastroesophageal junction cancer patients eligible for front-line treatment in Japan is approximately 73,000 patients per year. Five Prime estimates approximately 7,300 patients per year could be biomarker-positive and eligible for FPA144 treatment with front-line chemotherapy.

The Phase 1 open-label, dose-finding study will evaluate the safety, tolerability, pharmacokinetics (PK) and recommended dose of FPA144 in approximately 6 to 12 Japanese patients with advanced gastric or gastroesophageal cancer.

Completion of this Phase 1 trial is intended to enable the inclusion of Japanese patients in potential future Phase 3 trials of FPA144 in gastric cancer. Internal non-clinical data demonstrates additivity of FPA144 to standard-of-care chemotherapy regimens.  Five Prime plans to initiate a global pivotal trial of FPA144 for front-line treatment of FGFR2b-overexpressing or FGFR2 gene-amplified metastatic gastric and gastroesophageal junction cancer in combination with chemotherapy in 2018. 

About FPA144
FPA144 is an isoform-selective antibody in development as a targeted immuno-therapy for tumors that overexpress FGFR2b, a splice variant of a receptor for some members of the fibroblast growth factor (FGF) family. FPA144 has been engineered for enhanced antibody-dependent cell-mediated cytotoxicity (ADCC) to increase direct tumor cell killing by recruiting natural killer (NK) cells. FPA144 is an anti-FGF receptor 2b (FGFR2b) humanized monoclonal antibody in clinical development as a targeted immune therapy for tumors that over-express FGFR2b. FGFR2b overexpression and FGFR2 gene amplification are associated with poor prognosis.

FPA144 is currently being studied in a Phase 1 monotherapy trial evaluating the safety, PK and efficacy of biweekly 15 mg/kg infusions of FPA144 in patients with advanced gastric cancer whose tumors overexpress FGFR2b. Five Prime plans to initiate a combination trial of FPA144 with chemotherapy to advance into front-line therapy in the U.S. Five Prime retains global development and commercialization rights to FPA144.

About Five Prime
Five Prime Therapeutics, Inc. discovers and develops innovative therapeutics to improve the lives of patients with serious diseases. Five Prime's comprehensive discovery platform, which encompasses virtually every medically relevant extracellular protein, positions it to explore pathways in cancer, inflammation and their intersection in immuno-oncology, an area with significant therapeutic potential and a growing focus of the company's R&D activities. Five Prime has entered into strategic collaborations with leading global pharmaceutical companies and has promising product candidates in clinical and late preclinical development. For more information, please visit www.fiveprime.com.

 

 

Kaiser Aluminum Corporation Announces Quarterly Dividend Payment

FOOTHILL RANCH, CA...July 17, 2017 -  Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share. The dividend will be payable on August 15, 2017 to shareholders of record as of the close of business on July 27, 2017.

Company Description
Kaiser Aluminum Corporation, headquartered in Foothill Ranch, Calif., is a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide with highly-engineered solutions for aerospace and high-strength, general engineering, and custom automotive and industrial applications. The Company's North American facilities produce value-added sheet, plate, extrusions, rod, bar, tube and wire products, adhering to traditions of quality, innovation and service that have been key components of its culture since the Company was founded in 1946. The Company's stock is included in the Russell 2000® index and the S&P Small Cap 600® index.

Available Information
For more information, please visit the Company's web site at www.kaiseraluminum.com. The web site includes a section for investor relations under which the Company provides notifications of news or announcements regarding its financial performance, including Securities and Exchange Commission (SEC) filings, investor events, and earnings and other press releases. In addition, all Company filings submitted to the SEC are available through a link to the section of the SEC's web site at www.sec.gov which includes: Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and Proxy Statements for the Company's annual stockholders' meetings and other information statements as filed with the SEC. In addition, the Company provides a webcast of its quarterly earnings calls and certain events in which management participates or hosts with members of the investment community.

 

 

MoSys, Inc. Reports Second Quarter 2017 Financial Results

SANTA CLARA, CA...July 17, 2017 - MoSys, Inc. (NASDAQ:MOSY), today reported financial results for the second quarter ended June 30, 2017.   

Second Quarter 2017 Financial Results
Total net revenue for the second quarter of 2017 was $1.4 million, compared with $1.2 million for the previous quarter and $1.6 million for the second quarter of 2016. Product revenue for the second quarter was $1.1 million, compared with $1.0 million in the first quarter of 2017 and $1.3 million in the year-ago period.

Gross margin for the second quarter of 2017 was 47 percent, compared with 50 percent for the first quarter of 2017 and 41 percent for the second quarter of 2016.

Total operating expenses on a GAAP basis for the second quarter of 2017 were $4.4 million, compared with $4.8 million for the first quarter of 2017 and $6.5 million for the second quarter of 2016. GAAP net loss for the second quarter of 2017 was $4.0 million, or ($0.60) per share, compared with a net loss of $4.4 million, or ($0.66) per share, for the previous quarter and a net loss of $6.0 million, or ($0.91) per share, for the second quarter of 2016. Non-GAAP net loss for the second quarter of 2017 was $2.8 million, or ($0.42) per share, which excludes restructuring charges, intangible asset amortization and stock-based compensation expenses. A reconciliation of GAAP results to non-GAAP results is provided in the financial statement tables following the text of this press release. In February 2017, the Company effected a 1-for-10 reverse stock split of its common stock. All share and per share amounts in this press release have been adjusted to reflect the reverse stock split for all current and prior periods.

Management Commentary
"Second quarter 2017 IC revenue reflected an increase in shipments of our IC products, and we have received order visibility for at least the next 12 months from our lead customers and expect a meaningful increase in revenue in the second half of the year," commented Len Perham, MoSys' president and CEO.  "We continue to pursue new design-in opportunities for our products, and recorded an additional design win during the quarter for our Bandwidth Engine 3."

"Also, during the quarter, we began to realize the benefits of our initial cost reduction initiatives, which we implemented early in the second quarter, resulting in non-GAAP operating expenses decreasing by 30% sequentially. We expect to implement additional cost reductions and further reduce operating expenses in the coming quarters. More recently, we successfully completed a financing that resulted in net proceeds of approximately $2.0 million, which will be used to support ongoing operations and improve our balance sheet, in combination with the reductions in costs and operating expenses."

Financial Results Conference Call
The Company will not be hosting a conference call or webcast in conjunction with today's release of its second quarter results.

 

 

El Pollo Loco Holdings, Inc. to Announce Second Quarter 2017 Results on August 3, 2017

COSTA MESA, CA...July 17, 2017 - El Pollo Loco Holdings, Inc. ("El Pollo Loco") (NASDAQ:LOCO) today announced that it will host a conference call to discuss its second quarter 2017 financial results on Thursday, August 3, 2017 at 5:00 PM Eastern Time.  Hosting the call will be Steve Sather, Chief Executive Officer and President, and Larry Roberts, Chief Financial Officer.  A press release with second quarter 2017 financial results will be issued that same day, shortly after the market close.

The conference call can be accessed live over the phone by dialing 877-407-3982 or for international callers by dialing 201-493-6780.  A replay will be available after the call and can be accessed by dialing 844-512-2921 or for international callers by dialing 412-317-6671; the passcode is 13664840. The replay will be available until Thursday, August 17, 2017.

The conference call will also be webcast live from the Company's corporate website at investor.elpolloloco.com under the "Events & Presentations" page.  An archive of the webcast will be available at the same location on the corporate website shortly after the call has concluded.

About El Pollo Loco
El Pollo Loco (Nasdaq:LOCO) is the nation's leading fire-grilled chicken restaurant chain renowned for its masterfully citrus-marinated, fire-grilled chicken and handcrafted entrees using fresh ingredients inspired by Mexican recipes. With more than 470 company-owned and franchised restaurants in Arizona, California, Nevada, Texas and Utah, El Pollo Loco is expanding its presence in key markets through a combination of company and existing and new franchisee development.

 

 

Advanced Eyecare Center Manhattan Beach Announces Recent Remodeling and Grand Re-Opening

EL SEGUNDO, CA...July 17, 2017 - Advanced Eyecare Center recently announced the remodeling of their Manhattan Beach location and recent grand re-opening there. As part of the remodeling, they have added plenty of space for eyeglass and sunglass frames. The redone design also features a much airier look than before, big windows, and refreshed interior elements. The public had the opportunity to explore these new updates on June 29 and there was much excitement and praise given by the crowds who attended the grand re-opening.

In order to stay fresh, Advanced Eyecare Center Manhattan Beach has recently completed a near-total remodeling of its showroom and waiting area. It has added much more display space for eyewear so that it can show more of the latest styles, redone its flooring to bring in the classy look of newness, and rearranged the furniture to open up the room. Meanwhile, it has retained elements that are favorites for its clients, such as its vibrant red-orange couch.

"One of the reasons for remodeling is simply that things get old and worn as time goes on. Replacing or refreshing these things shows that we are a dedicated organization that is very well-equipped to handle our clients' needs. Remodeling also gave us a chance to address some issues we had with the former design. One of the biggest of these was a lack of eyewear display space. We've added more and larger display cabinets so we can show hundreds of frames in our optical showroom," said optometrist Dr. Michael Hansen of Advanced Eyecare Center.

Optometrist Dr. Nicole Kohan, also of the optometry center, added her opinions of the new look: "This new look goes beyond simply replacing shopworn items. We've opened up the furniture arrangement to give the office a wonderfully refreshed feeling. We've also changed our general design to bring in modern curves and really make this location pop. And, since we know that many people don't like things to become totally different, we've kept some of the key elements from the last design. Our bright couch, for example, is still prominent and waiting for guests to take a seat."


 

 

Alta Rancho Pet & Bird Hospital Warns of Canine Influenza Outbreak

RANCHO CUCAMONGA, CA...July 17, 2017 - Alta Rancho Pet & Bird Hospital warns local dog owners about a canine influenza outbreak affecting dogs in the Southern California area. This disease arrived in the region after infected animals were imported from Asia. Since then, 34 infected dogs have been identified, but other cases may be going unreported. Therefore, dog owners should be on the lookout for the symptoms of the flu, such as persistent coughing, runny noses, lethargy, and loss of appetite.

What started out as a small-scale imported canine disease has since caused some large outbreaks in the United States. In 2015, more than 1,000 dogs were sickened by a different form of canine influenza, and the recent importation of more sick dogs now threatens Southern California. So far, 34 infected dogs have been found and were quarantined until they recovered, but others are predicted to catch this flu before the problem fully subsides.

"This year's canine flu has been designated H3N2, and it is extremely contagious. One of the most notable symptoms is a persistent cough that lasts for 10 to 21 days. It also causes dogs to lose their appetites, become lethargic, and have nasal discharge. In rare cases, it can be transmitted to cats. While humans are believed to be immune, it spreads rapidly among dogs. Therefore, it is important to keep infected pets away from all other canines," Dr. Reid Shufer, the owner and chief of staff of Alta Rancho Pet & Bird Hospital, explained.

Fortunately, it's easy to keep dogs protected from this flu. As with humans, there is a flu shot they can get that will do the job. The canine version of the vaccine protects against H3N2 only, but since canine influenza doesn't take as many forms as the human-infecting versions, this will provide adequate protection for pets.

To learn more about the canine influenza vaccine or to get dogs vaccinated, talk to a veterinarian.

About Alta Rancho Pet & Bird Hospital

This veterinary clinic is home to two vets, Dr. Reid Shufer and Dr. Kathy Henderson. It provides routine veterinary care for dogs, cats, birds, and other pets. It also provides surgical services such as spaying and neutering, dental care, grooming (including therapeutic grooming for temperature control and other such purposes), and boarding. Its boarding services are available for dogs, cats, and birds.

 

 

CohBar, Inc. Completes US$5.2 Million Private Placement

MENLO PARK, CA...July 17, 2017 - CohBar, Inc. (OTCQX:CWBR) (TSXV:COB.U) ("CohBar" or the "Company"), a preclinical stage biotechnology company focused on developing mitochondria based therapeutics (MBTs) to treat age-related diseases, announced today that it has closed its previously-announced non-brokered private placement offering (the "Offering").

The Company issued 3,438,053 units at a price of US$1.50 per unit for total proceeds of approximately US$5.16 million. Each unit consists of one share of the Company's common stock and one common stock purchase warrant. Each warrant can be exercised at any time prior to June 30, 2020 for the purchase of one common share of the Company's stock at an exercise price of US$2.25.

The securities issued in the Offering are subject to a Canadian statutory hold period of four months plus one day, during which they may not be traded through the facilities of the TSX Venture Exchange, or to or for the benefit of a Canadian resident. The Offering remains subject to final acceptance by the TSX Venture Exchange. The Offering was conducted as a non-brokered private placement and no fees were paid by the Company to finders or agents.

The Company intends to use the proceeds of the Offering primarily to continue advancing its lead drug candidate into clinical studies targeted for early 2018, and for general corporate purposes.

With the proceeds from the Offering, CohBar will have a cash and investments balance of approximately US$12.5 million.

About CohBar

CohBar (OTCQX:CWBR) (TSXV:COB.U) is a preclinical stage biotechnology company focused on the research and development of mitochondria based therapeutics (MBTs), an emerging class of drugs for the treatment of age-related diseases. MBTs originate from the discovery by CohBar's founders of a novel group of peptides within the mitochondrial genome which regulate metabolism and cell death, and whose biological activity declines with age. CohBar's efforts focus on the development of these mitochondrial-derived peptides (MDPs) into clinically relevant MBTs that offer the potential to address a broad range of age-related diseases, including obesity, fatty liver disease (NASH), type 2 diabetes, cancer, cardiovascular and neurodegenerative diseases. To date, the Company and its founders have discovered more than 65 biologically active mitochondrial peptides.

 

 

Sharing Services Inc. Enters Into Memorandum Of Understanding With American Travel Partners

ORANGE, CA...July 17, 2017 - Sharing Services, Inc. (OTC Markets:SHRV) announced today that it has chosen American Travel Partners as the new travel fulfillment company, adding to the already significant travel values offered through its programs and initiatives.

American Travel Partners, located in Orlando, Florida, is a premier travel fulfillment company specializing in below retail travel management of vacations booked through its partner companies.

"After spending most of 2017 evaluating many top tier fulfillment companies, we have chosen ATP to represent our robust travel concepts and initiatives such as Crowd Vacations and Vacationars™," said Jordan Brock, CEO of Sharing Services, Inc. "But more importantly, our Social Alchemy, as we call it, has achieved 1 billion aggregate views over the last 30 days. Before we unleash our incredibly large number of views towards the travel industry, we had to find the right fulfillment partner which has best in class service and was willing and able to scale based on that growth. We found that in ATP".

Having now found the right company to help manage what will likely be a very large number of travelers booking travel through the various Sharing Services, Inc.'s web properties and travel portals, including PathAways.com, the Company is finalizing website content and final funnel pages to properly route the traffic that will begin being generated through the Social Alchemy.

"Over the last several months, we have invested heavily in marketing and 'alchemy' in order to fine tune our very unique online methodologies and traffic generators and are excited we can finally start pulling the trigger and opening the doors to revenue generation on our various projects," commented Frank Walters, Sharing Services, Inc.'s treasurer. "By the end of the current quarter, we look to have a dramatically different financial report".

About Sharing Services, Inc.:
Sharing Services, Inc. is a diversified travel holdings company specializing in ride sharing, mobile applications, 4.0 meta-search technologies, relationship marketing, group travel programs, brick-and-mortar travel agencies and now vacation funding. The Company's direct-to-consumer online travel agent (OTA) platform delivers unprecedented access to many of today's most popular travel destinations, and all with savings of up to 30% and 80% off published rates.

Visit http://www.sharingservicesinc.com, call 714.203.6717, or email info@sharingservicesinc.com, to learn more.

 

 

Capstone Turbine Reports Select Preliminary Q1 Fiscal 2018 Financial Results

CHATSWORTH, CA...July 17, 2017 - In a continued effort to increase investor transparency, Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced its select preliminary first quarter financial results. Orders for new products were strong for the second straight quarter with a book-to-bill ratio of 1.3 to 1 for the first quarter of fiscal 2018 preliminarily indicating a rebound in the business. Capstone booked $35.9 million in new product orders for the six month period ended June 30, 2017 compared to $20.4 million in the preceding six months.

Capstone reported that its cash usage, excluding net proceeds from equity transactions, during the first quarter of fiscal 2018 was $2.7 million lower compared to the same period last year on similar quarterly revenue. Preliminary revenue for the first quarter was approximately $19.2 million compared to $19.1 million in the same period a year ago. The continued improvement in cash usage on similar revenue was achieved by a combined improvement in working capital management and tighter control of expenses.

In addition, Capstone set a new record for its Factory Protection Plan (FPP) service contract revenue of approximately $3.7 million for the first quarter of fiscal 2018 which is an increase of 12% over the same period last year. Capstone has identified growth of its FPP business as a critical part of its profitability plan given the recurring revenue generated by FPP service contracts which typically have higher margins.

Darren Jamison, President and Chief Executive Officer of Capstone Turbine said, "I am pleased with our preliminary first quarter of fiscal 2018 results as the business continues to demonstrate improvement in each of our key focus areas." Mr. Jamison added, "Two straight quarters of robust new product orders and record FPP service contract revenue are positive signs. Additionally, with our concentrated focus on revenue growth and working capital management, we continue to pave the strategic path towards profitability as we leverage our new and significantly lower operating cost structure."

Total cash, cash equivalents and restricted cash decreased approximately $0.6 million to $19.1 million as of June 30, 2017, compared to $19.7 million at the end of the prior quarter. Capstone also announced that borrowings on its line of credit decreased approximately $2.0 million during the first quarter of fiscal 2018 and it received approximately $2.5 million from the at-the-market offering program during the period.

During the quarter, Capstone secured orders from a diverse set of customers including:

"Diversifying our customer base and geographic presence remains a primary focus for us as we look to increase our revenue from the energy efficiency markets while our oil and gas business continues to rebound," added Mr. Jamison.

"As we continue our war on operating costs, we remain persistent in identifying new opportunities to further decrease our cash burn, reduce expenses, increase inventory turns, increase efficiency and improve our overall cash cycle. Substantive progress stemming from our cost cutting efforts, which started in the first quarter of 2016, has materialized as previously reported. We continue to operate at these lower expense levels and have yet to harvest the full benefits of our current plant consolidation efforts," said Mr. Jamison.

"Our efforts are concentrated on shortening our path to profitability as we continually lower our business expenses, grow our product, service and add-on accessory revenue, diversify our geographic and vertical markets, launch new innovative products, create new key partnerships and further emphasize firm balance sheet management," Mr. Jamison concluded.

The select financial results presented in this press release are preliminary and may change. This preliminary financial information includes calculations or figures that have been prepared internally by management and have not been reviewed or audited by our independent registered public accounting firm. There can be no assurance that the company's actual results for the period presented herein will not differ from the preliminary financial data presented herein and such changes could be material. This preliminary financial data should not be viewed as a substitute for full financial statements prepared in accordance with GAAP and is not necessarily indicative of the results to be achieved for any future periods.

Conference Call and Webcast

Capstone will host a live webcast August 9, 2017, at 1:45 PM Pacific Time (4:45 PM Eastern Time) to provide the results of the first quarter fiscal 2018 ended June 30, 2017. Capstone will discuss its financial results and will provide an update on its business activities. At the end of the conference call, Capstone will host a question-and-answer session to provide an opportunity for financial analysts to ask questions. Investors and interested individuals are invited to listen to the webcast by logging on to Capstone's investor relation's webpage at www.capstoneturbine.com. A replay of the webcast will be available on the website for 30 days.

About Capstone Turbine Corporation

Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST) is the world's leading producer of low-emission microturbine systems and was the first to market commercially viable microturbine energy products. Capstone has shipped over 9,000 Capstone Microturbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2015 and ISO 14001:2015 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the United States, Latin America, Europe, Middle East and Asia.

This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the rebound in business, profitability, lowering our business expenses, growing both our product and service revenues, diversifying our business by geography and vertical markets, launching new innovative products, increasing add-on accessory sales, creating new key partnerships and tightly managing our balance sheet. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

 

 

 

Full Spectrum lauds finalization of New Wireless Standard for the Industrial Internet of Things (IIoT)

SUNNYVALE, CA...July 17, 2017 - Full Spectrum Inc., a leading supplier of private licensed broadband cellular data networks, elaborated today on the new IEEE 802.16s wireless standard for the industrial internet.  The new standard enables secure wireless connectivity for critical applications such as electric grids, nuclear facilities, water, gas and hazardous pipelines, transportation (including rail and autonomous vehicles), and homeland security.

Two and half years ago, the Electric Power Research Institute (EPRI), the Utility Technologies Council (UTC) and 20 of the United States' largest utility companies initiated a process to develop a new wireless standard dedicated to the burgeoning need for increased industrial internet communications. The group designed the standard to meet industrial application demands for security, range, data rates and reliability - needs that were not being met by the consumer networks offered by the cellular operators such as Verizon, AT&T, Sprint and T-Mobile.

Full Spectrum served as an active participant in the creation of the standard, contributing key portions of its wireless technology portfolio to be integrated within the standardization process. The use of the Company's patented software defined radio (SDR) technology accelerated the completion of the standard, which has passed through various aspects of the approval process in near-record time. Further, the Company has also begun to implement a network service for mission critical entities, beginning in the New York City metro area, leveraging the new standard's capabilities.

Full Spectrum's technology, upon which the standard is based, was recently featured in an article from Cate Lawrence of the influential technology news website ReadWrite, as "[envisioning] a private nationwide network with a variety of secure and reliable applications — conducting autonomous vehicle traffic, sensor traffic for perimeter security, radiation sensors with high-end sensing, and data networks for specific applications...Mass adoption of Full Spectrum's technology will be revolutionary in improving reliability and efficiency, and in replacing aging infrastructure."

"We are excited to join the group of organizations and companies that supported the development of the new standard," said Stewart Kantor, CEO and co-founder of Full Spectrum. "We look forward to advancing the adoption of the industrial internet and the benefits it offers to increased productivity, safety and security."

About Full Spectrum

Full Spectrum Inc. is a private network service provider that also designs, develops, manufactures, sells and supports its multi-patented, Software Defined Radio (SDR) technology. Mission critical industries including utilities, defense, oil & gas, and transportation companies can either subscribe to an existing Full Spectrum network or purchase and deploy the Company's SDR technology for their own private broadband cellular network. Full Spectrum's SDR technology supports IEEE 802.16s, the new worldwide standard for private wide area industrial networks.

 

 

TRI Pointe Group Captures 2017 Best Places to Work Award

IRVINE, CA...July 17, 2017 - TRI Pointe Group (NYSE:TPH) and one of its homebuilding brands, TRI Pointe Homes Southern California, today announced they are recipients of the 2017 Best Places to Work in Orange County. This is the second consecutive year the companies have been honored with this prestigious award. The county-wide survey and awards program was created in 2009 and is a project of the Orange County Business Journal and Best Companies Group. It was designed to identify, celebrate, and honor the best places of employment, promoting the county's economy, workforce, and businesses. 

The TRI Pointe companies earned this tribute based on positive survey results measuring employee experience. Employees praised the benefits package, which includes competitive medical, dental and vision plans, 401(k) matching, tuition reimbursement for advanced programs or post-graduate degrees as well as vacation plans starting at three weeks. This wide variety of considerations for benefits is an integral part of the company culture, and supports the recruitment of top talent at different career levels, while also drawing in a number of millennials new to the job market. Employees also enjoy working in a diversified, welcoming office environment designed to accentuate the modern, comfortable look and feel of the actual homes the companies build.

"We are proud to receive this honor for a second consecutive year," said Doug Bauer, CEO of TRI Pointe Group. "Our company's culture is centered around passion – passion for personal and professional growth for each and every team member, passion for providing the best possible experience for our customers, and passion for giving back to our industry and our communities. Our talented team members are the heart and soul of the company. It is their clear commitment for cultivating a positive work environment that makes our company thrive."

TRI Pointe continually reinforces a dedication to employee development. Throughout the year, the companies host meetings designed to facilitate cross-divisional collaboration, enhance staff understanding of goals and approaches, build leadership acumen and expertise, and produce tangible action items to improve results and bolster employee growth.

The companies promote community service by periodically hosting charitable activities during the work day and encouraging employees to donate their time, ingenuity, and expertise to charitable organizations throughout Orange County, including the companies' national charitable partner, HomeAid America, a leading national non-profit provider of housing for homeless individuals and families.

Sustainability is a key element the employees are proud to say the TRI Pointe family takes very seriously. The companies proudly participate in LivingSmart® - TRI Pointe Group's program involving the development, design, construction & ongoing operation of high-performing homes resulting in cost-savings for its homeowners and a better living environment.  These same principles are also carried over to the companies' office environments.

About TRI Pointe Group
Headquartered in Irvine, Calif., TRI Pointe Group (NYSE:TPH) is a family of premium regional homebuilders that design, build, and sell homes in major U.S. markets. As one of the top ten largest public homebuilding companies by market capitalization in the United States, TRI Pointe Group combines the resources, operational sophistication, and leadership of a national organization with the regional insights, community ties, and agility of local homebuilders. The TRI Pointe Group family includes Maracay Homes in Arizona, Pardee Homes in California and Nevada, Quadrant Homes in Washington, Trendmaker Homes in Texas, TRI Pointe Homes in California and Colorado, and Winchester Homes in the Washington, D.C. area. TRI Pointe Group was recognized as 2014 Developer of the Year and 2015 Builder of the Year as well as the award for Best Places to Work in Orange County in 2016 and 2017.  For more information, please visit www.TriPointeGroup.com.

 

 

Fox Factory Holding Corp. Announces Second Quarter Fiscal Year 2017 Earnings Conference Call

SCOTTS VALLEY, CA...July 17, 2017 - Fox Factory Holding Corp. (Nasdaq:FOXF) ("FOX" or the "Company") will announce results for the second quarter ended July 1, 2017, on Thursday, August 3, 2017, after the market close.

The Company will host a conference call with members of the executive management team to discuss these results with additional comments and details. The conference call is scheduled to begin at 4:30 p.m. ET on Thursday, August 3, 2017. The call will be broadcast live over the Internet hosted at the Investor Relations section of the Company's website at www.ridefox.com and will be archived online for one year.  In addition, North America listeners may dial (877) 425-9470, and international listeners may dial (201) 389-0878; the conference ID is 13666720.

About Fox Factory Holding Corp. (NASDAQ:FOXF)

Headquartered in Scotts Valley, CA, Fox Factory Holding Corp. (the "Company") designs and manufactures performance-defining ride dynamics products primarily for bicycles, on-road and off-road vehicles and trucks, side-by-side vehicles, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles. The Company is a direct supplier to leading power vehicle original equipment manufacturers ("OEMs"). Additionally, the Company supplies top bicycle OEMs and their contract manufacturers, and provides aftermarket products to retailers and distributors.

 

 

Rubicon Project Acquires nToggle

LOS ANGELES, CA...July 17, 2017 - Rubicon Project (NYSE:RUBI), the global exchange for advertising, today announced that it has acquired nToggle, a technology company that makes it easier and more cost effective for programmatic buyers to find the inventory they're looking for among the billions of bid requests they receive each day. The technology will be made available on the Rubicon Project platform in the coming months, giving buyers the option to utilize the bid request optimization technology.

Since the introduction of header bidding, the number of bid requests received by demand side platforms (DSPs) has increased by as much as 5X. Although access to inventory has increased, the infrastructure costs associated with that growth have put a huge burden on DSPs, resulting in many of them never seeing large swaths of that available inventory. The nToggle technology makes it easier for DSPs to more effectively identify and target their key audiences, while also significantly reducing their infrastructure costs by compressing inbound queries per second (QPS) by as much as 80%.

"Integrating nToggle's technology into Rubicon Project's platform enables buyers to find the 'signal in the noise' so they can bid more confidently, win more auctions, and spend more with our publisher and app clients," said Michael Barrett, President and CEO of Rubicon Project. "This acquisition underscores our commitment to strengthen the Rubicon Project exchange with tools and services that make it easy for buyers and sellers to transact. The needs of our buyers changed with the introduction of header bidding, and nToggle's technology enables us to address those evolving needs." 

nToggle's proprietary algorithm-driven software utilizes breakthrough analytical and data science techniques to help supply and demand partners manage the ever-expanding bid stream across all digital media by traffic shaping real-time bidding requests, optimizing traffic, and reducing the number of duplicates and irrelevant bid requests DSPs must process.

"Traffic shaping--or 'toggling' as we like to call it--is a real force in programmatic advertising, and a mission-critical ingredient for its important players," said Adam Soroca, Founder and CEO at nToggle. "We've spent the last three years building our advanced data solutions, innovative technology platform and talented team, and are excited for the opportunity to accelerate our business by taking this next step with our longtime partner Rubicon Project."

"We've worked with nToggle for the last two years, and look forward to the new scale at which this tech will be deployed through Rubicon Project's larger engineering resources," said Bill Simmons, Chief Technology Officer at DataXu.

The transaction was completed on July 14, 2017, for aggregate cash consideration of $38.5 million. The acquisition is expected to generate a modest increase in expenses in 2017. The nToggle technology, integrated with the Rubicon Project platform, is expected to generate higher fill rates that drive incremental revenue in 2018, and to have a positive effect on adjusted EBITDA. Additional details on the nToggle acquisition will be provided on the second quarter Rubicon Project earnings call to take place on Tuesday, August 1, 2017.

ABOUT RUBICON PROJECT
Founded in 2007, Rubicon Project is one of the world's largest advertising exchanges. The company helps websites and apps thrive by giving them tools and expertise to sell ads easily and safely. In addition, the world's leading agencies and brands rely on Rubicon Project's technology to execute billions of advertising transactions each month. Rubicon Project is an independent, publicly traded company (NYSE:RUBI) headquartered in Los Angeles, California.

 

 

Chino Commercial Bancorp Announces Extension of Stock Offering Period

CHINO, CA...July 17, 2017 - Chino Commercial Bancorp (OTCBB:CCBC) announced today that it has extended the expiration date for its pending subscription rights offering from July 21, 2017 to August 4, 2017 at 5:00 p.m. Pacific Time.  The subscription rights issued by the Company may now be exercised at any time prior to 5:00 p.m., Eastern Time, on Friday, August 4, 2017.

The Company has filed an offering statement (including an Offering Circular) with the SEC for the offering, which was qualified by the SEC on June 21, 2017.  The offering statement is available on the SEC's web site at http://www.sec.gov.  The rights offering is being made only by means of the Offering Circular which is part of the qualified offering statement. Copies of the Offering Circular and related offering materials are also available on our website. Go to www.chinocommercialbank.com, click on "Investor Relations," then "Stock Offering."  Interested shareholders may also call, or email the Company and request information to be mailed to them.

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

About Chino Commercial Bancorp

Chino Commercial Bancorp is the parent company of Chino Commercial Bank, a national bank, headquartered in Chino, California which opened for business in September 2000 and currently operates from three full service locations in Chino, Ontario and Rancho Cucamonga, California.  The Bank opened its Ontario branch in January 2006 and the Rancho Cucamonga branch in April 2010.  Chino Commercial Bank is a member of both the Federal Reserve System and the Federal Home Loan Bank, and its deposit accounts are insured under the Federal Deposit Insurance Act up to applicable limits thereof.