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NEW YORK , Nov. 26, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global regtech market market size is estimated to grow by USD 25.2 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 25.89% during the forecast period. Need for identifying financial crime is driving market growth, with a trend towards integration of ai with regtech. However, lack of skilled workforce poses a challenge. Key market players include ACTICO GmbH, GB Group plc, Ascent Technologies Inc., Broadridge Financial Solutions Inc., ComplyAdvantage, Confluence Technologies Inc., Deloitte Touche Tohmatsu Ltd., Hummingbird RegTech Inc., Intrasoft Technologies, International Business Machines Corp., MetricStream Inc., Mitratech Holdings Inc., NICE Ltd., RIMES Technologies Corp., SAS Institute Inc., SymphonyAI Sensa LLC, Thomson Reuters Corp., Trulioo Information Services Inc., VERMEG Ltd Legal, and Wolters Kluwer NV. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth The Regtech market is experiencing significant growth due to increasing regulatory requirements in various industries, particularly in compliance operations. Artificial intelligence, big data analytics, machine learning, and natural language processing are key technologies driving innovation in this space. Financially regulated industries, including banking and healthcare, are investing in Regtech solutions to manage risk, prevent fraudulent transactions, and ensure regulatory compliance. Blockchain technology and cloud-based solutions are popular deployment types, offering cost-effective, flexible options for large enterprises and startups alike. Regtech startups, such as Dot Compliance, are leading the way with product innovation, securing investment from backers like Vertex Ventures. The regulatory landscape is constantly evolving, with changes in legislation and compliance obligations placing a significant burden on organizations. Data security is paramount, with personal information and regulatory compliance data at risk of breach or mishandling, resulting in severe consequences, including regulatory penalties and legal liabilities. Regtech solutions are essential for managing operational methods, reducing risks, and ensuring financial inclusion. Cloud computing services, such as Software as a Service (SaaS), offer fixed costs and scalability, making them an attractive option for businesses undergoing digital transformation. Risk management, data gathering, and reporting formats are critical components of Regtech solutions. Large corporations and regulated industries are adopting these technologies to streamline compliance processes, improve data quality, and meet evolving regulatory requirements. The use of chatbots and automation is increasing, providing a more efficient and cost-effective way to manage compliance processes. Regtech solutions are also being used to address financial crime, including money laundering and payment fraud risks, and to ensure data standardization and security standards. The Regtech market is expected to continue growing, with widespread adoption and investment in cutting-edge technologies set to drive innovation and digitization in the financial industry. RegTech, a Software-as-a-Service solution, assists businesses in digitally complying with regulations and standards. Artificial Intelligence (AI) integration enhances RegTech's capabilities. AI identifies patterns and similarities in diverse data sets, crucial for gaining new insights. It processes data from various sources, such as social media and stock market prices, revealing previously unnoticed correlations. This enhances RegTech's ability to ensure regulatory compliance while delivering valuable insights. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges The Regtech market is facing several challenges in the areas of regulatory requirements and compliance operations. Financial institutions and regulated industries are grappling with the implementation of complex financial regulations, such as anti-money laundering and fraud prevention. To address these challenges, Regtech companies are leveraging advanced technologies like artificial intelligence, big data analytics, machine learning, and blockchain. However, the adoption of these cutting-edge technologies comes with its own set of challenges, including data gathering, data standardization, and data management. Moreover, the deployment type of Regtech solutions, whether on-premises or cloud-based, also poses challenges in terms of fixed and variable costs, security standards, and operational methods. Large corporations and financial institutions are increasingly turning to Regtech startups for product innovation and investment. However, the regulatory landscape is constantly changing, and compliance obligations require continuous software maintenance and updates. Data security and personal information protection are critical concerns, with severe consequences in case of breaches or mishandling. Regtech solutions must adhere to strict regulatory compliance data handling standards to ensure data quality and reporting formats meet monetary authorities' requirements. Regtech startups are attracting investment from backers like Vertex Ventures to address these challenges and drive digitization and innovation in the banking industry. The widespread adoption of Regtech is essential for risk management, fraudulent transaction detection, and financial inclusion. Regtech solutions can help reduce risks, streamline compliance processes, and improve financial stability by minimizing financial crime. The use of chatbots and natural language processing can simplify regulatory compliance and make it more accessible to organizations of all sizes. However, the burden of regulatory compliance and the risks of non-compliance remain significant challenges that must be addressed. In conclusion, the Regtech market is experiencing significant growth as organizations seek to navigate the complex regulatory landscape and comply with changing regulations. Regtech solutions offer innovative ways to address these challenges using cutting-edge technologies like artificial intelligence, big data analytics, machine learning, and blockchain. However, the implementation of these solutions comes with its own set of challenges, including data gathering, data management, and data security. Regtech startups are playing a crucial role in driving innovation and investment in the Regtech market, but the regulatory landscape's constant evolution and the risks of non-compliance remain significant challenges that must be addressed. The global RegTech market in the BFSI sector faces a significant challenge in the form of a skills gap. Financial organizations require a workforce with a combination of IT and financial expertise to effectively implement RegTech solutions. However, training this workforce in advanced technologies like blockchain and cybersecurity can be costly and time-consuming. Furthermore, competition for IT talent is fierce, with banks and fintech companies vying for the same pool of skilled professionals. This makes it essential for financial institutions to invest in upskilling their existing workforce or partnering with RegTech providers to bridge the skills gap. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This regtech market market report extensively covers market segmentation by 1.1 Solutions 1.2 Services 2.1 Large enterprises 2.2 Small and medium enterprises 3.1 North America 3.2 Europe 3.3 APAC 3.4 South America 3.5 Middle East and Africa 1.1 Solutions- The RegTech market's solutions segment offers businesses a variety of software tools and platforms designed to tackle specific regulatory compliance challenges. These solutions aim to simplify and automate compliance processes, enhance risk management, and ensure adherence to regulatory standards. Key solution areas within the global RegTech market include: 1. Risk and compliance management solutions: These solutions facilitate managing and mitigating risks by offering functionalities like risk assessment, policy management, compliance monitoring, and reporting. They enable businesses to proactively identify and address potential compliance issues. 2. Regulatory reporting solutions: These solutions automate the process of generating and submitting regulatory reports to regulatory bodies. They consolidate data from multiple sources, apply regulatory rules, and facilitate data validation and submission for accurate and timely reporting. 3. Identity verification and KYC solutions: These solutions help businesses verify the identities of individuals or entities to meet KYC requirements. They leverage technologies like biometrics, document verification, and data analytics for identity verification, risk assessment, and AML regulation compliance. 4. Transaction monitoring solutions: These solutions employ advanced analytics and machine learning algorithms to detect suspicious activities, potential fraud , or money laundering. They analyze transactional data, identify patterns, and generate alerts for further investigation and compliance reporting. 5. Data governance and privacy solutions: These solutions assist organizations in managing and safeguarding sensitive data in compliance with data protection and privacy regulations. They offer tools for data classification, access controls, consent management, data retention, and data breach prevention to ensure compliance with relevant data privacy laws. The RegTech solutions segment continues to advance as new regulatory challenges arise, and businesses seek innovative technologies to tackle compliance needs efficiently. The increasing complexity of regulations and the growing number of data breaches are expected to fuel the growth of the global RegTech market throughout the forecast period. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis The Regtech market is a rapidly growing sector that focuses on using technology to help financial institutions and other regulated industries meet their regulatory requirements. Compliance operations are at the heart of this market, with artificial intelligence, big data analytics, machine learning, and blockchain being some of the cutting-edge technologies driving innovation. Financial regulation areas such as anti-money laundering and fraud are major applications for Regtech solutions. The banking industry, healthcare, and other sectors face significant payment fraud risks, and Regtech startups are providing software maintenance and expertise to help mitigate these risks. With the digitization of financial services, the responsibilities of financial institutions continue to evolve, and Regtech is playing an increasingly important role. Extension funding rounds and investment in Regtech startups are on the rise, demonstrating the potential for significant growth in this market. Market Research Overview Regtech Market: Transforming Compliance Operations with Advanced Technologies The Regtech market is revolutionizing regulatory requirements in various industries by integrating Artificial Intelligence (AI), Big Data Analytics, Machine Learning, Natural Language Processing, and Blockchain technology. These cutting-edge technologies enable organizations to streamline compliance processes, mitigate financial crime risks, and ensure data security. Regtech solutions are not limited to the banking industry but also extend to healthcare and other regulated sectors. They help large enterprises manage risk, prevent fraudulent transactions, and ensure financial inclusion. Deployment types range from on-premises to cloud-based solutions, with the cloud segment gaining popularity due to its flexibility and cost-effectiveness. Regtech startups, such as Dot Compliance, are leading product innovation in this space, attracting investment from backers like Vertex Ventures. The regulatory landscape is ever-changing, and these organizations help businesses adapt by providing digitization, software maintenance, and expertise. Data security is paramount in regulatory compliance, with personal information protection a major concern. Regtech solutions ensure data quality, standardization, and adherence to security standards. The widespread adoption of Regtech is driven by the need to reduce operational burdens, minimize risks, and ensure regulatory compliance in a digitally transforming world. However, the implementation of Regtech comes with challenges, including the need for legislation, data gathering, and reporting formats. Large corporations must navigate these complex regulatory changes while managing their responsibilities to monetary authorities and maintaining trust with their customers. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Component Solutions Services End-user Large Enterprises Small And Medium Enterprises Geography North America Europe APAC South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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: [email protected] Website: www.technavio.com/ SOURCE TechnavioHemp-Focused CV Sciences Expands Via New Cannabis Acquisition, Here's What Investors Need To Know

The fourth and final criminal defendant in the failed $9 billion V.C. Summer nuclear project that destroyed the giant South Carolina electric utility SCANA, raised electric bills for its customers and dashed hopes for more state clean energy was sentenced Wednesday to a year and one day. Jeffrey Benjamin, a former senior executive vice president for Westinghouse Electric Corp., walks into Columbia’s Matthew J. Perry Jr. Courtho... Jeffrey Benjamin, 62, was sentenced by U.S. Judge Mary Lewis after a hearing that lasted nearly four hours in federal court in Columbia. He also must pay a $100,000 fine. Under federal sentencing laws, because the sentence is for more than a year, he may be released two months early. Lewis said a key factor in her decision to give a prison term to Benjamin, who suffers from a severe heart condition, was to send a message to executive criminals in corporate suites that they are not above the law. Medical facilities in the federal Bureau of Prisons will be able to take care of Benjamin’s condition, the judge said. Lewis’ decision came at the end of an unusually long hearing, marked by an extended presentation of character witnesses and an elaborate discourse by Benjamin attorney William Sullivan of Washington, D.C., who told the judge that his client’s unstable health needs “constant monitoring ... to prevent a catastrophic cardio event.” Local news has never been this personal. Free to download. Subscribers enjoy unlimited access. Benjamin’s motives were good, Sullivan told the judge. “Jeff was trying to get the work done.... The idea that Mr. Benjamin is the most egregious offender has absolutely no basis in reality.” Benjamin’s wife, Colleen, reinforced concerns about his health, tearfully telling the judge that if her husband goes to prison, he might not get out alive. “If he goes away, I don’t think he will come home.” The judge said she was impressed by Benjamin’s witnesses and noted that he has exceptional credentials in the nuclear power industry, credentials that she said will enable him to keep working after he leaves prison in a field that is vital to the nation and even “the world.” Federal prosecutor Winston Holliday, who characterized the defendant as someone with an arrogant management style and “the worst” of the four defendants in the SCANA saga, told Lewis he wanted Benjamin to get a year in prison — a sentence that would have required Benjamin to serve a full year. Sullivan had pressed for probation with possible home confinement. Holliday also downplayed concerns about the federal prison system not being able to take care of Benjamin. “Mr. Sullivan doesn’t think the Bureau of Prison’s medical system is robust — what does he know? He’s not a doctor.” After weeks of hearings about the South Carolina’s projected energy needs and how to address future population and economic growth, state senators on a special committee are aiming to hone in on what they want to see in energy legislation. But a final product of what the state Senate will consider or even pass isn’t expected until next year. Among the considerations is a joint project between ... Benjamin expressed remorse, said he accepted “full responsibility” and told the judge, “I’m not as portrayed by the government — this evil, awful manager.” He added, “I’m very sorry for the role I played.” After years of plea negotiations, Benjamin had pleaded guilty last December before Lewis to an information felony charge of “aiding and abetting the failure to keep accurate corporate records” in connection with the failure to build two nuclear reactors to produce electricity at the V.C. Summer facility near Jenkinsville. Seven years after two power companies abandoned a failing nuclear construction project, a report has concluded that the equipment and existing buildings on the site are in “excellent’’ condition — and it would be worth a look at restarting construction. A Sep. 16 report by two members of the Governor’s Nuclear Advisory Council said partially completed buildings show “no degradation, ... Essentially, Benjamin allowed a public statement about the project’s completion date to be issued by SCANA officials in November 2016, all the while knowing there could be problems in completing the project by that date. The statement said that one reactor would be finished by August 2019; the other, by August 2020. Under federal law, publicly-traded corporations like SCANA must make truthful statements about matters that might affect their stock price. Benjamin’s sentence was the climax of a tangled legal seven-year prosecution odyssey that began in 2017 with SCANA’s surprise closing of the V.C. Summer nuclear plant, throwing some 4,000 people out of work, sparking a yearslong FBI investigation and ending with criminal charges against four top executives including Benjamin. The investigation showed that top executives at SCANA and Westinghouse hid the truth about progress about construction overruns and mismanagement from state regulators and investors, according to the prosecution’s case. SCANA had pledged to finish both reactors by 2020 but utility executives knew by 2016 that was likely not feasible. Benjamin, a former Westinghouse Electric Corp.’s senior vice president for new plants and major projects, was in charge of overseeing construction of Westinghouse’s nuclear reactors worldwide, including at the V.C. Summer site in Fairfield County, just north of Columbia. SCANA had hired Westinghouse in 2008 to manage construction of two nuclear reactors on the site, which already had one active nuclear reactor. It was important for the reactors to be finished by 2020 to qualify for a federal tax credit of $1.4 billion — money that was needed to help pay for the project whose initial estimated cost was $9.8 billion. Under the plea deal that Benjamin and his lawyer reached with federal prosecutors last December, Benjamin could have gotten anywhere from probation to 12 months and a day in prison and paid a financial penalty of up to $100,000. Previously, two former SCANA top executives — CEO Kevin Marsh and Chief Operating Officer Stephen Byrne — pled guilty to fraud in the case and were given prison terms. Marsh received two years in federal prison and Byrne, 15 months. Marsh has served his sentence; Byrne has not begun his sentence. A former Westinghouse executive who worked under Benjamin, Carl Churchman, pled guilty to lying to an FBI agent in the case. He received six months home detention. The cover-up of problems at the site enabled top officials at SCANA and Westinghouse to continue to collect fat salaries and bonuses for two years, from about 2015 to 2017, according to government evidence in the case. Besides the 4,000 people thrown out of work, losers in the SCANA debacle included hundreds of thousands of SCANA ratepayers, who for years paid multiple surcharges tacked onto their monthly bills to help pay ongoing costs of the doomed project. Investors also suffered from a steep decline in SCANA’s stock price. SCANA was eventually absorbed into Dominion Energy, a multistate energy provider headquartered in Virginia. For decades, SCANA had been been one of the most reliable and prestigious companies in South Carolina, a member of the Fortune 500 with its stock traded on the New York Stock Exchange. Its shares were known for steady dividend increases and holding their value. After SCANA walked away from the V.C. Summer project, the company’s stock price plummeted. It was one of the worst business failures in state history. Another factor in the debacle at V.C. Summer was the failure of the S.C. General Assembly to conduct due diligence on a quickly passed 2008 bill that gave SCANA the power to make its ratepayers pay for construction on the nuclear plants as they were being built. In 2008, the plans to build the complex type of nuclear plants contemplated had not been yet been finalized. The case was investigated by the FBI, which at any given time had three or four agents working it, Holliday said. An FBI agent was in court Wednesday, sitting behind prosecutors. Also in court was Byrne with his lawyer Jim Griffin, a former federal prosecutor. Assistant U.S. Attorney Brook Andrews said Byrne was there ready to testify in case Benjamin said anything that needed to be rebutted. Byrne is likely to begin serving his 15-month prison sentence in the near future. Santee Cooper, SCANA’s junior partner in the V.C. Summer venture, also had a lawyer in court — Deborah Barbier of Columbia, a former federal prosecutor. Westinghouse was represented by another former federal prosecutor, Matt Hubbell of Charleston. At the hearing, Benjamin told the judge he hoped the nuclear reactor project can be revived. “Hopefully, someday somebody will come along and try to finish it.” After the hearing, Benjamin’s attorney Sullivan issued this statement: “Of course we’re disappointed in the sentence. The place for Jeff Benjamin is not prison, but the nuclear energy sector, and we’re confident he will return there soon. We continue to evaluate all potential and available legal options.” Briefing the press in front of the courthouse after the hearing, prosecutor Holliday said the impact of the SCANA’s failure was devastating to rate payers, SCANA,V.C. Summer workers and the community at large. The sentence sends a message, Holliday said: “Corporate executives are very rarely held to account for their activities... For corporate executives, the highest deterrence is prison.” Tom Clements, a citizen activist who opposed the pursuit of the V. C. Summer project since its inception, said the judge’s sentence was appropriate. “This whole case points out there should be much stronger oversight by the state regulatory authorities including the legislators,” said Clements, whose group Friends of the Earth attended numerous meetings before the Public Service Commission. “The legislators really dropped the ball in 2008 in approving legislation that allowed the project to go forward with rate payers footing the bill.” This story will be updated. Get local news delivered to your inbox!Kolpack: A major league meltdown for Bison in VermillionAre international thieves exploiting tourist visas to target pro-athletes' homes?

DENVER — So you're the most valuable player of that annual Thanksgiving Day backyard flag football game. Or played tackle football on any level. Or ran track. Or dabbled in basketball. Or toyed with any sport, really. Well, this may be just for you: USA Football is holding talent identification camps all over the country to find that next flag football star. It's "America's Got Talent" meets "American Idol," with the stage being the field and the grand prize a chance to compete for a spot on a national team. Because it's never too early to start planning for the 2028 Olympics in Los Angeles, where flag football will make its Summer Games debut. Know this, though — it's not an easy team to make. The men's and women's national team rosters are at "Dream Team" status given the men's side has captured six of the last seven world championships and the women three in a row. To remain on top, the sport's national governing body is scouring every football field, park, track, basketball court and gym to find hidden talent to cultivate. USA Football has organized camps and tryouts from coast to coast for anyone ages 11 to 23. There are more than a dozen sites set up so far, ranging from Dallas (Sunday) to Chicago (Dec. 14) to Tampa (March 29) to Los Angeles (TBD) and the Boston area (April 27), where it will be held at Gillette Stadium, home of the New England Patriots. The organization has already partnered with the NFL on flag football initiatives and programs. The numbers have been through the roof, with engagement on social media platforms increasing by 86% since flag football was announced as an Olympic invitational sport in October 2023. The participation of boys and girls ages 6 to 17 in flag football last year peaked at more than 1.6 million, according to USA Football research. "We pride ourselves on elevating the gold standard across the sport," said Eric Mayes, the managing director of the high performance and national teams for USA Football. "We want to be the best in the world — and stay the best in the world." Flag football was one of five new sports added to the LA28 program. The already soaring profile of American football only figures to be enhanced by an Olympic appearance. Imagine, say, a few familiar faces take the field, too. Perhaps even NFL stars such as Tyreek Hill or Patrick Mahomes, maybe even past pro football greats donning a flag belt for a country to which they may have ties. Soon after flag football's inclusion, there was chatter of NFL players possibly joining in on the fun. Of course, there are logistical issues to tackle before their inclusion at the LA Olympics, which open July 14, 2028. Among them, training camp, because the Olympics will be right in the middle of it. The big question is this: Will owners permit high-priced players to duck out for a gold-medal pursuit? No decisions have yet been made on the status of NFL players for the Olympics. For now, it's simply about growing the game. There are currently 13 states that sanction girls flag football as a high school varsity sport. Just recently, the Pittsburgh Steelers and Philadelphia Eagles helped pave the way to get it adopted in Pennsylvania. Around the world, it's catching on, too. The women's team from Japan took third at the recent word championships, while one of the best players on the planet is Mexico quarterback Diana Flores. "Could flag football globally become the new soccer? That's something to aspire to," said Stephanie Kwok, the NFL's vice president of flag football. This type of flag football though, isn't your Thanksgiving Day game with family and friends. There's a learning curve. And given the small roster sizes, versatility is essential. Most national team members need to be a version of Colorado's two-way standout and Heisman hopeful Travis Hunter. Forget bump-and-run coverage, too, because there's no contact. None. That took some adjusting for Mike Daniels, a defensive back out of West Virginia who earned a rookie minicamp invitation with the Cleveland Browns in 2017. "If a receiver is running around, I'm thinking, 'OK, I can kind of bump him here and there and nudge him,'" Daniels explained. "They're like, 'No, you can't.' I'm just like, 'So I'm supposed to let this guy just run?!' I really rebelled at the idea at first. But you learn." The competition for an Olympic roster spot is going to be fierce because only 10 players are expected to make a squad. The best 10 will earn it, too, as credentials such as college All-American or NFL All-Pro take a backseat. "I would actually love" seeing NFL players try out, said Daniels, who's also a personal trainer in Miami. "I'm not going to let you just waltz in here, thinking, 'I played NFL football for five years. I'm popular. I have a huge name.' I'm still better than you and I'm going to prove it — until you prove otherwise." Around the house, Bruce Mapp constantly swivels his hips when turning a hallway corner or if his daughter tries to reach for a hug. It's his way of working on avoiding a "defender" trying to snare the flag. That approach has earned the receiver out of Coastal Carolina four gold medals with USA Football. The 31-year-old fully plans on going for more gold in Los Angeles. "You grow up watching Usain Bolt (win gold) and the 'Redeem Team' led by Kobe Bryant win a gold medal, you're always thinking, 'That's insane.' Obviously, you couldn't do it in your sport, because I played football," said Mapp, who owns a food truck in the Dallas area. "With the Olympics approaching, that (gold medal) is what my mind is set on." It's a common thought, which is why everything — including talent camps — starts now. "Everybody thinks, 'Yeah, the U.S. just wins,'" Daniels said. "But we work hard all the time. We don't just walk in. We don't just get off the bus thinking, 'We're going to beat people.'"None

BOONE, N.C. (AP) — South Carolina offensive coordinator Dowell Loggains has been hired as head coach at Appalachian State and will receive a five-year contract, athletic director Doug Gillin announced Saturday. Read this article for free: Already have an account? To continue reading, please subscribe: * BOONE, N.C. (AP) — South Carolina offensive coordinator Dowell Loggains has been hired as head coach at Appalachian State and will receive a five-year contract, athletic director Doug Gillin announced Saturday. Read unlimited articles for free today: Already have an account? BOONE, N.C. (AP) — South Carolina offensive coordinator Dowell Loggains has been hired as head coach at Appalachian State and will receive a five-year contract, athletic director Doug Gillin announced Saturday. The 44-year-old Loggains replaces Shawn Clark, who was fired Monday after the Mountaineers finished 5-6 for their first losing season since 2013. Loggains was South Carolina’s offensive coordinator for two seasons and an assistant at Arkansas, his alma mater, for two seasons before that. He spent 16 years in the NFL as offensive coordinator and quarterbacks coach for Tennessee, Cleveland, Chicago, Miami and the New York Jets. “He brings experience as a leader and play-caller at the highest levels of professional and college football,” Gillin said. “He is a great recruiter and believes strongly in building relationships. He is aligned with our core values of academic integrity, competitive excellence, social responsibility and world-class experience. This is a great day for App State.” Loggains’ offense at South Carolina featured LaNorris Sellers, one of the nation’s top dual-threat quarterbacks, and running back Raheim “Rocket” Sanders. Sellers and Sanders led the Southeastern Conference’s third-ranked rushing offense. Loggains spent the 2021 and 2022 seasons as Arkansas’ tight ends coach, and he worked with Sam Darnold, Jay Cutler, Mitchell Trubisky, Brian Hoyer and Vince Young during his time in the NFL. The Mountaineers, the preseason favorites in the Sun Belt Conference’s East Division, tied for fifth with a 3-5 record in league play. App State was 40-24 under Clark, but the Mountaineers have failed to reach a bowl game two of the past three seasons. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here. AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football Advertisement AdvertisementHyundai, Kia recall over 200K electric cars over power issues

One of the nation’s top collegiate tight ends hails from Gooding. In his sophomore year, Colston Loveland received his first college offer. Little did he know, that was just the beginning of what would become a battle of recruiters all looking to lock down Idaho’s top-ranked tight end for the 2022 class. Gooding High School graduate Colston Loveland became one of three finalists for the 2024 John Mackey Award, announced Tuesday. Gooding alumnus Colston Loveland will help try to lead Michigan to its first national championship since 1997 on Monday night, and the town is behind him all the way. Loveland, a junior at the University of Michigan, is the Wolverines’ second finalist for the award given annually to college football’s most outstanding tight end. The journey from Gooding to Ann Arbor, Michigan, to becoming one of the nation’s top tight ends continues for Colston Loveland. Michigan’s Jake Butt won the award in 2016. Another accolade for one of the nation’s top tight ends. Loveland joins Penn State’s Tyler Warren and Bowling Green’s Harold Fannin Jr. as 2024 finalists. Michigan tight end Colston Loveland greets fans following an NCAA college football game against Michigan State, Saturday, Oct. 26, 2024, in Ann Arbor, Mich. (AP Photo/Jose Juarez) Loveland, a 2023 All-Big Ten selection, leads the Wolverines with 54 catches (a Michigan single-season tight end record), 582 yards and five touchdowns. Gooding High School graduate Colston Loveland became a Walter Camp Preseason First Team All-American selection, announced Monday. He needs 99 more yards to become Michigan’s single-season tight end receiving yards record holder (748). Loveland helped Michigan to a 2024 national championship, which marked the Wolverines’ first national title since 1997. Colston Loveland, who rose from Gooding to national prominence as a First Team All-Big Ten sophomore tight end on Michigan, battles No. 4 Alabama on Monday in the Rose Bowl. Loveland, a projected NFL Draft first round pick will likely become Gooding’s first NFL player since 1939 when Stan Pavkov played two seasons for the Pittsburgh Steelers. The 2024 John Mackey Award winner will be announced Dec. 12. Your story lives in the Magic Valley, and our new mobile app is designed to make sure you don’t miss breaking news, the latest scores, the weather forecast and more. From easy navigation with the swipe of a finger to personalized content based on your preferences to customized text sizes, the Times-News app is built for you and your life. Don’t have the app? Download it today from the Apple App Store or Google Play Store. Get local news delivered to your inbox!

Financial Highlights : 4 th Quarter consolidated sales of $446.7 million; $1.80 billion for fiscal 2024 Outstanding debt reduced by $53.8 million during the quarter Cost reduction actions progressing well Company sets adjusted EBITDA guidance for fiscal 2025 Webcast: Friday, November 22, 2024, 9:00 a.m., (201) 689-8471 PITTSBURGH, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for the quarter and fiscal year ended September 30, 2024. In discussing the Company’s results, Joseph C. Bartolacci, President and Chief Executive Officer, stated: “Our consolidated operating results for the fiscal 2024 fourth quarter reflected another quarter of solid performance by our core businesses and, consistent with prior quarters, was impacted by continuing customer delays in our energy business. Our previously announced cost reduction program is now underway, as evidenced by the charges reflected in our GAAP results this quarter, and progressing well. Overall, we were pleased with the consolidated operating results as we again demonstrated the resilience of Matthews and our employees in mitigating the challenges faced by one of our segments. For the year ended September 30, 2024, consolidated adjusted EBITDA was $205.2 million. “The Memorialization segment reported higher adjusted EBITDA for the current quarter despite lower unit volumes, which were related to a decline in U.S. deaths compared to a year ago. Ongoing cost control efforts combined with improved price realization were the key drivers in the improvement in operating margins. This segment has done a tremendous job of maintaining its level of performance over the past several years despite the declines in unit volume following the pandemic. “We are also pleased to report that our SGK Brand Solutions segment reported another consecutive quarter of year-over-year sales growth. This segment has stabilized nicely over the last two years with modest improvements in margins and is continuing its recovery following the global impacts of the pandemic and the European impact of the Russia-Ukraine war. Sales for the segment increased compared to a year ago primarily reflecting improved pricing to mitigate inflationary cost increases, higher sales for the merchandising and private label businesses, and growth in the Asia-Pacific market. “Sales for the Industrial Technologies segment for the fiscal 2024 fourth quarter declined from a year ago primarily resulting from further customer delays in our energy business. The current quarter also reflected a continued soft warehouse automation market; however, order rates have been improving recently which could bode well for a good recovery next fiscal year. “With respect to our cost reduction program, current quarter charges include non-cash goodwill impairment and other asset write-downs primarily in connection with our European operations, in addition to severance and other costs. The program is also targeting general and administrative cost reductions. For our fiscal 2024 fourth quarter, we reported another quarter of lower corporate and non-operating costs compared to a year ago. For the year, corporate and non-operating costs were approximately 5% lower than last year. “During the fiscal 2024 fourth quarter, we reduced our outstanding debt by $53.8 million. In addition, we completed the refinancing of outstanding senior notes due December 1, 2025. Due to current interest rates and the ongoing strategic review of our business portfolio, we opted for a shorter-term bond (three-year maturity) with an ability to call in one year. We are projecting higher operating cash flow next year as our working capital investments in fiscal 2024 begin to convert to operating cash flow, which will be partially mitigated by costs in connection with our cost reduction program. “Looking forward to fiscal 2025, we continue to face the uncertainty of project timing in our Industrial Technologies segment, specifically relating to our energy business. While we currently expect deliveries to be substantially completed during the year, quarterly timing is still difficult to forecast. Our cost reduction programs should mitigate some of this impact. “We expect another solid performance for our Memorialization business in fiscal 2025 as U.S. deaths appear to have generally normalized following COVID and we are projecting continued growth in our cremation-related products sales. Continued growth is also projected for our SGK Brand Solutions segment reflecting ongoing improvement in U.S. market conditions, more stable conditions in Europe, and further growth in the Asia-Pacific region. In the Industrial Technologies segment, our product identification business is projecting growth next year and we should start to realize benefits from the launch of a new printhead product, which is currently scheduled for the latter half of the fiscal year. Also, as noted earlier, recent improving order rates for warehouse automation solutions should support recovery in this business. With these considerations in mind, we remain cautious and are projecting adjusted EBITDA in the range of $205 million to $215 million for fiscal 2025. “Lastly, as growth opportunities for the Industrial Technologies segment continue to emerge, the Company has been exploring strategies with respect to its portfolio of businesses. Accordingly, we have retained J.P. Morgan to support the evaluation of potential strategic alternatives.” Fourth Quarter Fiscal 2024 Consolidated Results (Unaudited) Consolidated sales for the fiscal 2024 fourth quarter were $446.7 million, compared to $480.2 million for the fiscal 2023 fourth quarter, representing a decrease of $33.5 million. Net loss attributable to the Company for the quarter ended September 30, 2024 was $68.2 million, or $2.21 per share, compared to net income of $17.7 million, or $0.56 per share, for the same quarter last year. On a non-GAAP adjusted basis, earnings for the fiscal 2024 fourth quarter were $0.55 per share, compared to $0.96 per share a year ago. The net loss on a GAAP basis in the current fiscal quarter primarily reflected asset write-downs, including a goodwill impairment charge, and charges in connection with cost reduction programs. Adjusted EBITDA (net income before interest expense, income taxes, depreciation and amortization, and other adjustments) for the fiscal 2024 fourth quarter was $58.1 million, compared to $61.9 million a year ago, primarily reflecting lower adjusted EBITDA in the Industrial Technologies segment. Fiscal 2024 Consolidated Results (Unaudited) Consolidated sales for the year ended September 30, 2024 were $1.80 billion, compared to $1.88 billion a year ago, representing a decrease of $85.2 million, or 4.5%, from the prior year. Net loss attributable to the Company for the year ended September 30, 2024 was $59.7 million ($1.93 per share), compared to net income of $39.3 million ($1.26 per share) for fiscal 2023. On a non-GAAP adjusted basis, earnings for the year ended September 30, 2024 were $2.17 per share, compared to $2.88 per share last year. The net loss on a GAAP basis for the current fiscal year primarily resulted from asset write-downs, including a goodwill impairment charge, and charges in connection with cost reduction programs. Adjusted EBITDA for the year ended September 30, 2024, was $205.2 million, compared to $225.8 million a year ago. The decrease reflected lower adjusted EBITDA for the Industrial Technologies and Memorialization segments, offset partially by higher adjusted EBITDA for SGK Brand Solutions and lower corporate and other non-operating costs. Webcast The Company will host a conference call and webcast on Friday, November 22, 2024, at 9:00 a.m. Eastern Time to review its financial and operating results and discuss its corporate strategies and outlook. A question-and-answer session will follow. The conference call can be accessed by dialing (201) 689-8471. The audio webcast can be monitored at www.matw.com . As soon as available after the call, a transcript of the call will be posted on the Investor Relations section of the Company’s website at www.matw.com . About Matthews International Corporation Matthews International Corporation is a global provider of memorialization products, industrial technologies, and brand solutions. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets, cremation-related products, and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. The Industrial Technologies segment includes the design, manufacturing, service and sales of high-tech custom energy storage solutions; product identification and warehouse automation technologies and solutions, including order fulfillment systems for identifying, tracking, picking and conveying consumer and industrial products; and coating and converting lines for the packaging, pharma, foil, décor and tissue industries. The SGK Brand Solutions segment is a leading provider of packaging solutions and brand experiences, helping companies simplify their marketing, amplify their brands and provide value. The Company has over 11,000 employees in more than 30 countries on six continents that are committed to delivering the highest quality products and services. Forward-looking Information Any forward-looking statements contained in this release are included pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies of the Company regarding the future, and may be identified by the use of words such as “expects,” “believes,” “intends,” “projects,” “anticipates,” “estimates,” “plans,” “seeks,” “forecasts,” “predicts,” “objective,” “targets,” “potential,” “outlook,” “may,” “will,” “could” or the negative of these terms, other comparable terminology and variations thereof. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company’s actual results in future periods to be materially different from management’s expectations, and no assurance can be given that such expectations will prove correct. Factors that could cause the Company's results to differ materially from the results discussed in such forward-looking statements principally include changes in domestic or international economic conditions, changes in foreign currency exchange rates, changes in interest rates, changes in the cost of materials used in the manufacture of the Company's products, any impairment of goodwill or intangible assets, environmental liability and limitations on the Company’s operations due to environmental laws and regulations, disruptions to certain services, such as telecommunications, network server maintenance, cloud computing or transaction processing services, provided to the Company by third-parties, changes in mortality and cremation rates, changes in product demand or pricing as a result of consolidation in the industries in which the Company operates, or other factors such as supply chain disruptions, labor shortages or labor cost increases, changes in product demand or pricing as a result of domestic or international competitive pressures, ability to achieve cost-reduction objectives, unknown risks in connection with the Company's acquisitions and divestitures, cybersecurity concerns and costs arising with management of cybersecurity threats, effectiveness of the Company's internal controls, compliance with domestic and foreign laws and regulations, technological factors beyond the Company's control, impact of pandemics or similar outbreaks, or other disruptions to our industries, customers, or supply chains, the impact of global conflicts, such as the current war between Russia and Ukraine, the outcome of the Company's dispute with Tesla, Inc. ("Tesla"), and other factors described in the Company’s Annual Report on Form 10-K and other periodic filings with the U.S. Securities and Exchange Commission. Reconciliations of Non-GAAP Financial Measures Included in this report are measures of financial performance that are not defined by GAAP, including, without limitation, adjusted EBITDA, adjusted net income and EPS, constant currency sales, constant currency adjusted EBITDA, net debt and net debt leverage ratio. The Company defines net debt leverage ratio as outstanding debt (net of cash) relative to adjusted EBITDA. The Company uses non-GAAP financial measures to assist in comparing its performance on a consistent basis for purposes of business decision-making by removing the impact of certain items that management believes do not directly reflect the Company’s core operations including acquisition and divestiture costs, ERP integration costs, strategic initiative and other charges (which includes non-recurring charges related to certain commercial and operational initiatives and exit activities), stock-based compensation and the non-service portion of pension and postretirement expense. Constant currency sales and constant currency adjusted EBITDA remove the impact of changes due to foreign exchange translation rates. To calculate sales and adjusted EBITDA on a constant currency basis, amounts for periods in the current fiscal year are translated into U.S. dollars using exchange rates applicable to the comparable periods of the prior fiscal year. Management believes that presenting non-GAAP financial measures is useful to investors because it (i) provides investors with meaningful supplemental information regarding financial performance by excluding certain items that management believes do not directly reflect the Company's core operations, (ii) permits investors to view performance using the same tools that management uses to budget, forecast, make operating and strategic decisions, and evaluate historical performance, and (iii) otherwise provides supplemental information that may be useful to investors in evaluating the Company’s results. The Company's calculations of its non-GAAP financial measures, however, may not be comparable to similarly titled measures reported by other companies. The Company believes that the presentation of these non-GAAP financial measures, when considered together with the corresponding GAAP financial measures and the reconciliations to those measures, provided herein, provide investors with an additional understanding of the factors and trends affecting the Company’s business that could not be obtained absent these disclosures. * Depreciation and amortization was $7,368 and $6,646 for the Memorialization segment, $6,028 and $5,600 for the Industrial Technologies segment, $9,724 and $11,299 for the SGK Brand Solutions segment, and $1,209 and $1,172 for Corporate and Non-Operating, for the three months ended September 30, 2024 and 2023, respectively. Depreciation and amortization was $27,768 and $23,738 for the Memorialization segment, $23,772 and $23,184 for the Industrial Technologies segment, $38,667 and $44,842 for the SGK Brand Solutions segment, and $4,563 and $4,766 for Corporate and Non-Operating, for the fiscal years ended September 30, 2024 and 2023, respectively. ** Acquisition costs, ERP integration costs, non-recurring/incremental COVID-19 costs, and strategic initiatives and other charges were $1,309 and $22 for the Memorialization segment, $40,069 and $614 for the Industrial Technologies segment, $307 and $3,878 for the SGK Brand Solutions segment, and $6,784 and $2,502 for Corporate and Non-Operating, for the three months ended September 30, 2024 and 2023, respectively. Acquisition costs, ERP integration costs, non-recurring/incremental COVID-19 costs, and strategic initiatives and other charges were $3,514 and $1,002 for the Memorialization segment, $54,357 and $4,108 for the Industrial Technologies segment, $3,001 and $10,905 for the SGK Brand Solutions segment, and $10,290 and $3,201 for Corporate and Non-Operating, for the fiscal years ended September 30, 2024 and 2023, respectively. † Strategic initiatives and other charges includes charges for exit and disposal activities (including severance and other employee termination benefits) totaling $41,353 and $6,003 for the three months ended September 30, 2024 and 2023, respectively. $29,283, $1,492, and $10,578 were presented in cost of sales, selling expense, and administrative expense for the three months ended September 30, 2024, respectively. Charges of $4,925 and $1,429, and a credit of $351 were presented in cost of sales, selling expense, and administrative expense for the three months ended September 30, 2023, respectively. Strategic initiatives and other charges includes charges for exit and disposal activities (including severance and other employee termination benefits) totaling $45,705 and $13,210 for the fiscal years ended September 30, 2024 and 2023, respectively. $32,526, $1,379 and $11,800 were presented in cost of sales, selling expense, and administrative expense for the fiscal year ended September 30, 2024, respectively. $9,028, $1,925 and $2,257 were presented in cost of sales, selling expense, and administrative expense for the fiscal year ended September 30, 2023, respectively. Accrued severance and other employee termination benefits totaled $42,245 and $7,321 as of September 30, 2024 and 2023, respectively. Matthews International Corporation Corporate Office Two NorthShore Center Pittsburgh, PA 15212-5851 Phone: (412) 442-8200