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All amounts in Canadian dollars unless otherwise stated. VANCOUVER, BC / ACCESSWIRE / November 26, 2024 / RE Royalties Ltd . (TSX.V:RE)(OTCQX:RROYF) ("RE Royalties" or the "Company"), a global leader in renewable energy royalty-based financing, today announced that it has sent the notice of meeting, information circular, and proxy form (the "Meeting Materials") for the Company's upcoming Annual General Meeting to be held on December 13, 2024 at 10:00 am PST at the Company's head office in Vancouver, B.C. (the "Meeting") to shareholders of the Company. However, due to the ongoing Canada Post labour dispute, the Meeting Materials may not be delivered on time to shareholders at their address. Copies of the Meeting Materials including the form of proxy have been filed and are available on the Company's SEDAR+ profile at www.sedarplus.ca and on the Company's website at https://www.reroyalties.com/agm If you are a registered shareholder, please contact Yanne Yu at Computershare Investor Services Inc. at 1-800-564-6253 to obtain your proxy form control number to cast your vote for the upcoming AGM. If you hold shares through an intermediary such as a brokerage firm, please contact your intermediary directly for a copy of the proxy form. The voting deadline for the Company's upcoming AGM is 10:00 am, Pacific Time, on December 11, 2024 prior to the Meeting. On Behalf of the Board of Directors, Bernard Tan CEO About RE Royalties Ltd. RE Royalties Ltd. acquires revenue-based royalties over renewable energy facilities and technologies by providing non-dilutive financing solutions to privately held and publicly traded companies in the renewable energy sector. RE Royalties is the first to apply this proven business model to the renewable energy sector. The Company currently owns over 100 royalties on solar, wind, battery storage, energy efficiency and renewable natural gas projects in Canada, United States, Mexico, and Chile. The Company's business objectives are to provide shareholders with a strong growing yield, robust capital protection, high rate of growth through re-investment and a sustainable investment focus. For further information, please contact: Investor and Media Contact: RE Royalties Ltd. Talia Beckett, VP of Communications and Sustainability T: (778) 374‐2000 E: taliabeckett@reroyalties.com www.reroyalties.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction, nor shall there be any offer or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been approved or disapproved by any regulatory authority nor has any such authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement. The offer and sale of the securities has not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold in the United States or to United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. Forward Looking Statements This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company and within the meaning of Canadian securities laws. Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company's future outlook and anticipated events or results and may include statements regarding the Company's financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities including financing. The reader is referred to the Company's most recent filings on SEDAR as well as other information filed with the OTC Markets for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company's profile page at www.sedar.com . SOURCE: RE Royalties Ltd. View the original on accesswire.com
CHICAGO , Dec. 2, 2024 /PRNewswire/ -- Launch Consulting , part of The Planet Group and a leading AI-first digital transformation consultancy, is proud to announce the appointment of John Cipolla as its new President. This strategic addition to the leadership team underscores Launch's commitment to accelerating innovation and delivering transformative solutions to its clients. Cipolla brings a wealth of leadership experience in technology consulting, organizational transformation, and business strategy to Launch. With a track record of building high-performing teams, cloud-first organizations, fostering a culture of excellence, and developing innovative solutions that drive business outcomes, he is poised to guide Launch's continued growth and success. "John's appointment marks a pivotal moment for Launch Consulting," said Tim Simmerly , CEO of The Planet Group. "His deep expertise in driving digital innovation and his passion for empowering organizations to thrive in today's fast-paced technology landscape make him the ideal leader to spearhead our next phase of growth." Cipolla joins Launch Consulting after a distinguished career with market leaders like Atos/Eviden, Accenture, Insight Enterprises, NetApp, and AT&T, during which he led numerous large-scale initiatives, blending cutting-edge technology with human-centric strategies. His leadership style emphasizes collaboration, adaptability, and results-driven execution, aligning seamlessly with Launch's mission to create meaningful AI-first solutions for modern challenges. "I'm honored to join Launch at this pivotal moment," said Cipolla. "My focus is on accelerating our clients' growth through innovative solutions that deliver impactful business outcomes. Together with Launch's talented team, we will build a best-in-class consulting community that is client-obsessed and backed by delivery excellence." As President, Cipolla will oversee the company's strategic direction, go-to-market, operational excellence, and ecosystem partnerships, ensuring that Launch continues to lead in delivering innovative, AI-driven, and data-focused solutions. About Launch Consulting Launch Consulting, part of The Planet Group, is an AI-first digital transformation consultancy that helps Fortune 1000 customers harness the power of data, software, and AI to advance their business and compete. Our approach blends specialized industry experience with deep expertise in a local and global delivery model that supports all aspects of transformation. We help our customers make bold moves with confidence to build their future state. Learn more at launchconsulting.com . About The Planet Group The Planet Group, a portfolio company of Odyssey Investment Partners Fund VI, LP, consists of a group of related global consulting organizations and renowned staffing brands and has been purposefully built to address the professional services needs of leading companies in the areas of Technology and Digital Transformation, Engineering, Marketing, and Professional Services. Named one of America's fastest-growing private companies, the company was founded in 2009 and is headquartered in Chicago, Illinois with offices throughout the US, Europe , India , and LATAM. Learn more at theplanetgroup.com . Media Contact : Elizabeth Spayne VP, Marketing, The Planet Group 781.530.3191 | espayne@theplanetgroup.com View original content to download multimedia: https://www.prnewswire.com/news-releases/launch-consulting-welcomes-john-cipolla-as-president-to-drive-innovation-and-growth-302320020.html SOURCE Launch ConsultingLuton, Bedfordshire, United Kingdom, Nov. 21, 2024 (GLOBE NEWSWIRE) -- The adoption of 3D printing in the automotive sector is reshaping vehicle development by enabling the production of complex, lightweight, and high-performance components. This technology uses computer-aided design (CAD) models to create intricate parts, improving vehicle efficiency, optimizing performance, and reducing production costs. Key growth drivers include the demand for lighter parts, faster prototyping, and the ability to customize components for specific vehicle needs. Sustainability is another factor, as 3D printing reduces material waste. Advancements in materials and technology are expanding 3D printing’s application to metals, ceramics, and composites, further driving adoption. Access PDF Sample Report (Including Graphs, Charts & Figures) @ https://exactitudeconsultancy.com/reports/33192/3d-print-in-automotive-additive-manufacturing-market/#request-a-sample The 3D printing market in automotive manufacturing is projected to reach USD 10 billion by 2028, driven by the need for custom parts and rapid prototyping, with partnerships between automakers and 3D printing companies accelerating this growth. The technology's ability to reduce waste and enhance production efficiency aligns with sustainability goals, ensuring its expanding role in the industry. The global 3D printing market in automotive is segmented by material, technology, component, application, and region, highlighting the diverse applications and innovations in this field. Material Segmentation: The market is predominantly driven by metal, which holds a 60-65% share of the market. Metals, including stainless steel, titanium, and aluminum, are favored for their strength, durability, and heat resistance. These materials are crucial for the production of high-performance components such as engine parts, chassis, and structural elements, where precision and performance are paramount. Technologies such as Electron Beam Melting (EBM) and Selective Laser Melting (SLM) are commonly used to process these metals, enabling the creation of complex geometries and intricate designs that meet automotive specifications. Polymers , with a 25-30% market share, represent the second most widely used material. Polymers such as ABS, PLA, and nylon are more cost-effective and lightweight compared to metals, making them ideal for creating prototypes and components requiring flexibility and impact resistance. These materials are commonly used in the development of non-structural parts or for fast prototyping. Ceramics , while holding a 5% market share, are expected to experience the highest growth in the coming years. Ceramics, including alumina, zirconia, and silicon carbide, are used for their exceptional heat tolerance and wear resistance, particularly in high-performance applications like turbochargers and brake systems. Technology Segmentation: The Fused Deposition Modeling (FDM) technology dominates the market with 50-55% market share. Known for its cost-effectiveness and ease of use, FDM is particularly popular for producing prototypes and functional parts. This technology is capable of working with a variety of thermoplastic materials, offering versatility for automakers looking to optimize both design and production costs. Selective Laser Sintering (SLS) comes in second with 20-25% of the market share. SLS produces parts with greater precision and strength compared to FDM but at a higher cost. Its ability to create high-performance parts and more accurate geometries makes it particularly suitable for end-use components. Digital Light Processing (DLP) , with a 10-15% share, is a newer technology that has gained popularity due to its precision and speed. While still emerging, DLP’s capability to produce highly detailed parts quickly is making it a preferred option for automotive manufacturers. Stereolithography (SLA) accounts for around 5-10% of the market. Despite being a well-established technology, SLA's slower speed and higher costs limit its adoption compared to newer methods like DLP. The least popular technologies, Selective Laser Melting (SLM) and Electron Beam Melting (EBM), collectively hold a 5% share of the market. These metal 3D printing techniques are used primarily for producing high-performance parts in automotive applications requiring advanced material properties and precision. Component Segmentation: The market is also segmented by components, which include hardware, software, and services. Hardware holds the largest share, reflecting the significant investment in 3D printers and other equipment necessary for additive manufacturing. Software plays an essential role in the design and simulation processes, while services cover everything from prototyping to full-scale production support, contributing to the holistic value of the additive manufacturing ecosystem. Application Segmentation: Applications of 3D printing in the automotive industry are diverse, spanning production and prototyping/research and development. Prototyping remains a critical application, allowing automotive companies to reduce time-to-market by rapidly iterating on designs. As the technology evolves, production is gaining ground, with 3D printing enabling the manufacture of specialized, low-volume components cost-effectively, and enhancing the ability to create customized parts for niche automotive applications. Overall, the 3D printing market in automotive manufacturing is seeing continued growth, driven by advancements in materials and technology, and the increasing demand for lightweight, customized, and high-performance components. As automakers continue to prioritize efficiency, cost-effectiveness, and sustainability, 3D printing will play an increasingly pivotal role in reshaping automotive manufacturing processes. Drivers of 3D Printing in Automotive Additive Manufacturing: The growing demand for lightweight components is a significant driver in the adoption of 3D printing within the automotive sector. As automakers focus on improving fuel efficiency and reducing environmental impact, 3D printing enables the creation of complex structures that use less material while maintaining strength. This aligns with the industry's shift towards lightweighting to enhance vehicle performance. Furthermore, the design freedom offered by 3D printing allows for the production of intricate geometries and lattice structures, which are challenging to achieve with traditional manufacturing methods. The need for rapid prototyping in automotive design, which accelerates the development cycle and allows for iterative design changes, also supports the increasing use of this technology. Overall, 3D printing plays a crucial role in helping manufacturers meet sustainability and efficiency goals, thus driving market growth. Opportunities: 3D printing technology opens significant opportunities for customized automotive features, enabling the production of personalized car components. This includes everything from bespoke interior fittings to exterior trimmings, offering consumers the ability to tailor their vehicles to their specific tastes. Automakers can leverage this customization trend to provide unique, differentiated products, improving customer satisfaction and creating a competitive market edge. As consumer demand for personalization increases, 3D printing presents a cost-effective and innovative solution for meeting these expectations, further positioning it as a transformative force in the automotive sector. Trends in 3D Printing for Automotive Additive Manufacturing: Increased use of metal 3D printing : Metal 3D printing is gaining traction due to its ability to produce lightweight, durable, and high-performance parts, which is particularly important for the development of electric vehicles (EVs), where reducing weight is critical to increasing range. This segment accounts for over 50% of the market and is expected to see growth as the demand for EVs rises. Adoption of new 3D printing technologies : Technologies such as Continuous Liquid Interface Production (CLIP) are being adopted due to their ability to print parts significantly faster than traditional methods like SLA, which makes them ideal for high-volume production, such as car bumpers. This trend is projected to increase as demand for faster and more efficient production methods rises. Use of 3D printing for tooling production : 3D printing is revolutionizing the production of tooling, such as jigs and fixtures, by enabling faster and more cost-effective creation of custom tools without the need for traditional machining. This trend is expected to grow as companies look to reduce costs and lead times associated with tooling production. Integration into the design process : The integration of 3D printing into the vehicle design process is becoming more common, allowing for faster prototyping, iterative design modifications, and quicker time-to-market. This trend is expected to expand as automotive companies prioritize speed and efficiency in their design cycles. Development of 3D printing standards : The automotive industry is actively working on standardizing 3D printing processes to ensure that parts meet safety and quality requirements. These efforts will further boost the adoption of 3D printing in the sector as manufacturers gain confidence in the reliability and performance of 3D printed components. Report Link Click Here: https://exactitudeconsultancy.com/reports/33192/3d-print-in-automotive-additive-manufacturing-market/ Competitive Landscape 3D Systems HP Renishaw EOS GmbH Stratasys SLM Solutions Group AG Arcam AB Metal AM Additive Industries Materialise NV Concept Laser GmbH Farsoon Technologies Voxeljet AG NanoXplore BigRep GmbH Markforged Desktop Metal Prodways EnvisionTEC 3Diligent Recent Developments : 3D Systems' FDA Clearance for Cranial Implants (April 2023): 3D Systems received FDA 510(k) clearance for their VSP PEEK Cranial Implant, a breakthrough in 3D-printed cranial plates. This implant, designed to restore skull defects, uses PEEK (Polyether ether ketone), a high-performance polymer closely resembling human bone. This approval allows 3D Systems to offer this technology in the U.S., expanding the use of 3D printed cranial implants in medical procedures. The company has already produced nearly 40 cranial implants in Europe with this technology. Salzburg University Hospital's 3D-Printed Occipital Prosthesis (March 2023): The University Hospital Salzburg successfully performed a groundbreaking surgery using a 3D-printed occipital prosthesis for a patient suffering from craniosynostosis. The implant was custom-designed using the patient’s CT scan and produced with a 3D Systems Kumovis R1 printer. This procedure is part of Salzburg's push for advanced 3D printing applications in medicine. Stratasys Partners with Toyota Racing Development (June 2022): Stratasys has formed a partnership with Toyota Racing Development (TRD) to integrate 3D printing into automotive manufacturing, specifically for the Toyota GR86. The collaboration aims to produce 3D-printed production parts for the GR Cup racing series, marking a significant advancement in the use of 3D printing for automotive applications Regional Analysis of the 3D Printing in Automotive Additive Manufacturing Market The Asia Pacific region is expected to experience substantial growth in the 3D printing market for the automotive sector in the coming years, positioning itself as the largest market globally. This growth is fueled by the region's strong manufacturing base, rapid technological advancements, and a growing emphasis on innovative production methods. Key countries such as China, Japan, and South Korea have been at the forefront of adopting 3D printing technologies in automotive production. The industry benefits significantly from the ability of 3D printing to accelerate prototyping processes, simplify manufacturing workflows, and facilitate the creation of lightweight components essential for improving vehicle efficiency and performance. With governmental initiatives supporting the expansion of additive manufacturing, the region continues to enhance its leadership in this transformative technology. As a result, Asia Pacific is positioned as a significant driver of growth in the global automotive 3D printing market, with the sector forecast to expand by over 30% annually. Europe ranks as the second-largest market for 3D printing in the automotive industry, driven by widespread adoption in major automotive manufacturing nations, particularly Germany and the UK. These countries are at the forefront of utilizing additive manufacturing for sophisticated automotive solutions, including the development of customized components, rapid prototyping, and advanced manufacturing techniques. Europe’s automotive sector has embraced 3D printing due to its ability to streamline the production process and offer high levels of precision and personalization. With strong commitments to innovation and sustainability, the European market is expected to maintain its pivotal role in shaping the future of 3D printing applications in the automotive industry. The European market share is anticipated to grow at a compound annual growth rate (CAGR) of around 20%, fueled by continuous investment in both research and development and the adoption of advanced manufacturing technologies. Market Segmentations: 3D Print in Automotive Additive Manufacturing Market by Material Metal Polymer Ceramic 3D Print in Automotive Additive Manufacturing Market by Technology Selective Laser Sintering (SLS) Fused Deposition Modeling (FDM) Digital Light Processing (DLP) Stereo Lithography (SLA) Electron Beam Melting (EBM) Selective Laser Melting (SLM) 3D Print in Automotive Additive Manufacturing Market by Component Hardware Software Services 3D Print in Automotive Additive Manufacturing Market by Application Production Prototyping/R&D 3D Print in Automotive Additive Manufacturing Market by Region North America Europe Asia Pacific South America Middle East and Africa Get a Sample PDF Brochure: https://exactitudeconsultancy.com/reports/33192/3d-print-in-automotive-additive-manufacturing-market/#request-a-sample Related Reports: Shipping Container Market https://exactitudeconsultancy.com/reports/2769/shipping-container-market/ The global shipping container market size is expected to grow at 4% CAGR from 2022 to 2029. It is expected to reach above USD 10.66 billion by 2029 from USD 7.48 billion in 2020. Tractor Engines Market https://exactitudeconsultancy.com/reports/4508/tractor-engines-market/ The global tractor engine market size is estimated at USD 12.7 billion in 2020 and is projected to reach USD 23.9 billion by 2029, at a CAGR of 7.3% for the forecasted years 2022 to 2029. Automotive Filters Market https://exactitudeconsultancy.com/reports/1754/automotive-filters-market/ The global automotive filter market is expected to grow at 3.95% CAGR from 2019 to 2028. It is expected to reach above USD 22.4 billion by 2028 from USD 18.00 billion in 2019. Electric Ships Market https://exactitudeconsultancy.com/reports/2197/electric-ships-market/ The global Electric Ships Market is expected to grow at more than 13% CAGR from 2019 to 2028. It is expected to reach above USD 15.11 billion by 2028 from a little above USD 3.96 billion in 2019. Smart Containers Market https://exactitudeconsultancy.com/reports/824/smart-containers-market/ The Global Smart Containers Market size is expected to grow at more than 17% CAGR from 2015 to 2025. It is expected to reach above USD 7.1 billion by 2025 from USD 1.6 billion in 2015. In-Wheel Motors Market https://exactitudeconsultancy.com/reports/2832/in-wheel-motors-market/ The global in-wheel motors market is expected to grow at 20% CAGR from 2022 to 2029. It is expected to reach above USD 2,741.46 million by 2029 from USD 541 million in 2020. Transportation Telematics Market https://exactitudeconsultancy.com/reports/3118/transportation-telematics-market/ The global transportation telematics market is expected to grow at 20% CAGR from 2022 to 2029. It is expected to reach above USD 66.04 billion by 2029 from USD 12.79 billion in 2020. Actuators Market https://exactitudeconsultancy.com/reports/4683/actuators-market/ The global actuators market size is expected to grow at 8.5% CAGR from 2022 to 2029. It is expected to reach above USD 112.74 billion by 2029 from USD 54.1 billion in 2020. Marine Lubricants Market https://exactitudeconsultancy.com/reports/3126/marine-lubricants-market/ The global marine lubricants market is expected to grow at a 2.4% CAGR from 2022 to 2029. It is expected to reach above USD 11.9 billion by 2029 from USD 6.8 billion in 2020. Alloy Wheels Market https://exactitudeconsultancy.com/reports/1430/alloy-wheels-market/ The global alloy wheels market was valued at USD 15 Billion in 2019 and is projected to reach USD 24.3 Billion by 2028, growing at a CAGR of 5% from 2019 to 2028. Headlamps Market https://exactitudeconsultancy.com/reports/965/headlamps-market/ The Global Headlamps Market is expected to grow at more than 3.96% CAGR from 2018 to 2025. It is expected to reach above USD 229 million by 2025 from a little above USD 176 million in 2018. Automotive Haptic Technology Market https://exactitudeconsultancy.com/reports/2608/automotive-haptic-technology-market/ The global automotive haptic technology market is expected to grow at 11% CAGR from 2022 to 2029. It is expected to reach above USD 5.76 billion by 2029 from USD 2.25 billion in 2020.
Online auction of confiscated booze features hard-to-find bottles of Kentucky bourbonsFacebook Twitter WhatsApp SMS Email Print Copy article link Save NORTH WILDWOOD — A settlement proposal could resolve a complicated tangle of disputes between the city and the state Department of Environmental Protection and spell the end of the Lou Booth Amphitheater on Second Avenue. The tiny outdoor theater, the site of summer concerts and church services, would be removed and the spot made to match the dunes that surround it, under the proposed agreement. It also could cost the city $1.7 million. City Council members expect to vote on the agreement in December. “It’s essentially ready to go,” said Mayor Patrick Rosenello, who supports the wide-reaching settlement. In an interview Monday, he said the deal would resolve a multimillion-dollar series of fines levied by the DEP against North Wildwood, and a $20 million lawsuit filed by the city against the state. It also will mean progress for a long-delayed federal beach project that will include North Wildwood and allow the completion of a seawall the city sees as a vital component of storm protection. Not too late! Voting closes at noon for The Press Football Player of the Week What does Spirit Airlines' bankruptcy mean for Atlantic City International Airport? Galloway Township gymnastics center co-owner charged with sexually assaulting minor Galloway man gets 3 years in Ocean City fatal crash Offshore wind company to buy vacant 1.5-acre Atlantic City lot for $1 million Ocean City introduces new fees on rentals Jersey Shore restaurants shift gears to survive in offseason Jake Blum's 2-point conversion in OT propels Mainland Regional to second straight state final Prosecutor still determined to find whoever is responsible for West Atlantic City killings High school football scoreboard: Friday's semifinal winners, plus Saturday updates Chicken Bone Beach foundation to purchase Atlantic City's Dante Hall with NJEDA grant Want a piece of Gillian's Wonderland? This Burlington County antique shop has tons of them. Iconic Avalon properties on the market for $7.4 million South Jersey first grader assaulted by teacher during bus trip, lawsuit alleges South Jersey student talks about her yearlong suspension as others adjust to school elsewhere: 'It was a hard lesson' The areas that the settlement proposal does not specifically resolve, he said, it lays out a pathway toward progress. Rosenello said the agreement could make his city much safer for future storms. “It creates a clearer path to generational shore protection,” Rosenello said. “At the end of the day, that really is the top priority for the city and, I think, for the governor.” Gov. Phil Murphy was in North Wildwood in late spring and helped push through an emergency beach replenishment, funded through the Department of Transportation’s division of Maritime Resources rather than the DEP as is more typical for beach projects. North Wildwood has allowed cabanas and tents back on the beach after a ban was enacted earlier this year to conserve space on the beach during an emergency replenishment project. According to Rosenello, Murphy pushed hard at that time to resolve the ongoing dispute between the DEP and the city, but it took months to reach the current settlement agreement in a series of disputes that had appeared to be worsening each year. Rosenello described the multiple issues between the state and city, and over future beach projects, as a “many-headed beast,” but said he believes all parties want to ensure shore protection. Murphy is a Democrat. Rosenello is a Republican, in a town that has long had a Republican-majority government. A spokesperson for the DEP declined to comment, indicating there would likely be no comment until the proposal is approved. That was set to happen at a November meeting, but the vote was delayed. Rosenello expects it to pass next month without an issue. The resolution as posted to the city’s website cites the significant erosion of North Wildwood’s beaches over the past two decades, when the city went from having one of the healthiest beaches to one of the most endangered. Before the state project this year, the city was looking at a series of new rules to manage a dwindling beach. In some sections of the community, there was no beach at all during high tides, with water up to the seawall. Much of the dispute between North Wildwood and the DEP related to those beaches, and the lengths North Wildwood went to protect them. For years, the city would truck sand in from farther south on the island it shares with Wildwood and Wildwood Crest, until the beaches eroded to the point that the trucks could no longer pass. In some instances, the DEP alleged, seawalls were installed and other measures taken without needed state authorizations. Rosenello had consistently responded that he has a responsibility to protect residents and visitors and their property, including holding back storm surges. In North Wildwood, officials say they got everything they wanted from an emergency state project to rebuild badly eroded beaches before the July 4 holiday. Mayor Pat Rosenello said the work saved summer. In October 2022, the DEP sought an injunction in court to keep the city from any further work on shore protection. Help was on the horizon, in the form of an island-wide federal beach project similar to the dredging work that has taken place in other shore towns. But that horizon kept receding, with the project on the drawing board for a decade as the needed easements and permits were secured. Now, Rosenello hopes that work could take place in 2025, potentially solving his town’s erosion woes in the long term. It is primarily a federal project, but the settlement calls for $1 million contributed by the city, to join a state and federal share. Rosenello said the estimated total cost is close to $25 million just for the North Wildwood portion. The city also will have to contribute $700,000 to a state fund related to water pollution as part of the settlement, he said. Rosenello believes the city will get more than it gives, with an expected $7 million state grant and $10 million in federal money joining about $2 million in city funds to complete a seawall in compliance with state standards. Rosenello also celebrated a separate development: the approval to use sand from the shoals in Hereford Inlet for beach replenishment, which he believes will greatly simplify the replenishment process in the federal project. As the settlement has been discussed in the communities of the Wildwoods, many residents have focused on plans for the amphitheater, named for a well-known and well-loved figure in the community. Many commenters on social media blasted what they see as overreach by the state government and cited happy memories of events at the small theater. Rosenello said city officials are looking for other options to host the events that took place at the amphitheater, but so far nowhere is a perfect fit. But he added the amphitheater is in “very, very poor condition” and that there were significant challenges to repairing it, primarily with its location. Sand has started flowing onto the beaches of North Wildwood with the start this week of a state and city replenishment project aimed at rebuilding some of the most eroded beaches in New Jersey. The work would have required a permit under the state’s Coastal Area Facilities Review Act, and the site is within the setbacks for both dunes and wetlands. He added the city has not been able to find documentation of permits from when the theater was first constructed decades ago. “It was becoming very, very difficult, almost to the point of it not making sense anymore,” Rosenello said. While at times the rhetoric between the city and the DEP appeared heated, Rosenello believes the settlement will allow all parties to work together going forward. “I don’t have any hard feelings. I don’t think it’s personal on any level,” he said. “I think it was some very different perspectives on many issues." Rosenello Contact Bill Barlow: 609-272-7290 bbarlow@pressofac.com Twitter @jerseynews_bill Get Government & Politics updates in your inbox! Stay up-to-date on the latest in local and national government and political topics with our newsletter. 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The Pittsburgh Penguins announced today that they have acquired F Philip Tomasino from the Nashville Predators in exchange for a 2027 fourth-round pick. Tomasino, 23, is a former first-round pick of the Preds, being selected 24th overall in 2019. Tomasino has one assist in 11 games so far this season, and 23 goals and 71 points in 159 career NHL games, all with the Predators. Tomasino is a versatile forward who can play all three forward positions. He is talented, but lacking the speed that most young players have. The Mississauga, Ontario native played in 190 OHL games with the Niagara Ice Dogs and Oshawa Generals, putting up 79 goals and 196 points. He has also played 89 AHL games with the Chicago Wolves and Milwaukee Admirals, putting up 36 goals and 82 points. This article first appeared on Inside The Rink and was syndicated with permission.
Pathstone Holdings LLC lowered its holdings in shares of West Pharmaceutical Services, Inc. ( NYSE:WST – Free Report ) by 5.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,821 shares of the medical instruments supplier’s stock after selling 1,420 shares during the quarter. Pathstone Holdings LLC’s holdings in West Pharmaceutical Services were worth $6,850,000 at the end of the most recent quarter. Several other institutional investors have also modified their holdings of WST. Northwest Investment Counselors LLC bought a new position in West Pharmaceutical Services in the third quarter valued at approximately $30,000. Crewe Advisors LLC boosted its stake in West Pharmaceutical Services by 322.7% in the 2nd quarter. Crewe Advisors LLC now owns 93 shares of the medical instruments supplier’s stock worth $31,000 after purchasing an additional 71 shares during the period. Quest Partners LLC increased its holdings in West Pharmaceutical Services by 5,633.3% during the 2nd quarter. Quest Partners LLC now owns 172 shares of the medical instruments supplier’s stock worth $57,000 after purchasing an additional 169 shares in the last quarter. Blue Trust Inc. raised its stake in shares of West Pharmaceutical Services by 332.1% in the 2nd quarter. Blue Trust Inc. now owns 242 shares of the medical instruments supplier’s stock valued at $80,000 after purchasing an additional 186 shares during the period. Finally, Eastern Bank bought a new stake in shares of West Pharmaceutical Services in the third quarter valued at about $82,000. Institutional investors own 93.90% of the company’s stock. Insider Buying and Selling In other West Pharmaceutical Services news, VP Charles Witherspoon sold 703 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $310.40, for a total transaction of $218,211.20. Following the sale, the vice president now directly owns 1,253 shares of the company’s stock, valued at approximately $388,931.20. This represents a 35.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink . 0.53% of the stock is currently owned by corporate insiders. West Pharmaceutical Services Stock Down 1.3 % West Pharmaceutical Services ( NYSE:WST – Get Free Report ) last announced its quarterly earnings data on Thursday, October 24th. The medical instruments supplier reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.35. The business had revenue of $746.90 million for the quarter, compared to analyst estimates of $709.62 million. West Pharmaceutical Services had a net margin of 17.37% and a return on equity of 18.41%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.16 earnings per share. On average, sell-side analysts expect that West Pharmaceutical Services, Inc. will post 6.67 EPS for the current fiscal year. West Pharmaceutical Services Increases Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 13th were given a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.27%. This is an increase from West Pharmaceutical Services’s previous quarterly dividend of $0.20. West Pharmaceutical Services’s payout ratio is currently 12.46%. West Pharmaceutical Services Profile ( Free Report ) West Pharmaceutical Services, Inc designs, manufactures, and sells containment and delivery systems for injectable drugs and healthcare products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Proprietary Products and Contract-Manufactured Products. See Also Want to see what other hedge funds are holding WST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for West Pharmaceutical Services, Inc. ( NYSE:WST – Free Report ). Receive News & Ratings for West Pharmaceutical Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Pharmaceutical Services and related companies with MarketBeat.com's FREE daily email newsletter .Victory Capital Management Inc. raised its holdings in shares of Pegasystems Inc. ( NASDAQ:PEGA – Free Report ) by 0.9% in the third quarter, HoldingsChannel reports. The firm owned 60,383 shares of the technology company’s stock after buying an additional 542 shares during the quarter. Victory Capital Management Inc.’s holdings in Pegasystems were worth $4,413,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Pegasystems by 4.9% during the first quarter. Vanguard Group Inc. now owns 5,369,237 shares of the technology company’s stock valued at $347,067,000 after acquiring an additional 250,273 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Pegasystems by 309.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 130,281 shares of the technology company’s stock worth $8,422,000 after purchasing an additional 98,465 shares during the period. Motley Fool Asset Management LLC bought a new stake in shares of Pegasystems during the 1st quarter valued at about $423,000. Comerica Bank increased its position in shares of Pegasystems by 2,166.3% during the first quarter. Comerica Bank now owns 24,589 shares of the technology company’s stock valued at $1,589,000 after buying an additional 23,504 shares during the period. Finally, Versant Capital Management Inc raised its stake in Pegasystems by 15,120.0% in the second quarter. Versant Capital Management Inc now owns 761 shares of the technology company’s stock worth $46,000 after buying an additional 756 shares in the last quarter. Hedge funds and other institutional investors own 46.89% of the company’s stock. Pegasystems Stock Up 2.3 % Shares of NASDAQ PEGA opened at $91.52 on Friday. The firm has a market cap of $7.85 billion, a P/E ratio of 66.80 and a beta of 1.06. Pegasystems Inc. has a twelve month low of $44.07 and a twelve month high of $91.67. The company has a 50 day moving average of $77.31 and a 200 day moving average of $67.80. Pegasystems Announces Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date was Tuesday, October 1st. Pegasystems’s payout ratio is presently 8.76%. Wall Street Analysts Forecast Growth A number of research analysts have weighed in on the company. Loop Capital upgraded Pegasystems from a “hold” rating to a “buy” rating and upped their target price for the stock from $68.00 to $84.00 in a report on Thursday, August 1st. Wedbush increased their price objective on Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. The Goldman Sachs Group boosted their target price on shares of Pegasystems from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Friday, July 26th. DA Davidson increased their price target on shares of Pegasystems from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada boosted their price objective on shares of Pegasystems from $77.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pegasystems currently has an average rating of “Moderate Buy” and an average target price of $85.90. Check Out Our Latest Stock Analysis on Pegasystems Insider Transactions at Pegasystems In other Pegasystems news, CAO Efstathios A. Kouninis sold 528 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $83.00, for a total value of $43,824.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink . Also, CAO Efstathios A. Kouninis sold 750 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $71.00, for a total value of $53,250.00. Following the sale, the chief accounting officer now owns 2 shares of the company’s stock, valued at approximately $142. This represents a 99.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold 33,345 shares of company stock worth $2,507,284 over the last three months. 50.10% of the stock is currently owned by company insiders. About Pegasystems ( Free Report ) Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients’ processes and workflows. Further Reading Want to see what other hedge funds are holding PEGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pegasystems Inc. ( NASDAQ:PEGA – Free Report ). Receive News & Ratings for Pegasystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pegasystems and related companies with MarketBeat.com's FREE daily email newsletter .FRANKFORT, Ky. (AP) — Looking for hard-to-find bottles of Kentucky bourbon to toast the holidays or add to a collection? Get your bids ready as the Bluegrass State launches its first online auction of confiscated alcohol. Whiskeys up for sale include two bottles of Old Rip Van Winkle, a Blanton’s Single Barrel Gold in box with Japanese markings and a bottle of Four Roses Small Batch Barrel Strength 2011. The sale is the result of a new Kentucky law, which allows alcohol confiscated from closed criminal investigations by the state's alcoholic beverage control agency to be auctioned. Online bidding opens Wednesday and closes at midnight on Dec. 11. Proceeds will support programs promoting responsible alcohol use by adults and awareness programs for youths. “This is a really good auction,” Eric Gregory, president of the Kentucky Distillers’ Association, said by phone Tuesday. “There are some hard-to-find and rare bottles on there.” No estimate has been given on how much the auction might raise. “We look forward to seeing the response to this auction and have started planning additional auctions for 2025,” said Allyson Taylor, commissioner of the Kentucky Department of Alcoholic Beverage Control. The auction features 32 bottles of alcohol and includes a “stock the bar” bundle with bottles of wine, vodka, rum and whiskey, the agency said. But the stars are the hard-to-find and rare bourbons up for sale. “It’s not every day you go to a liquor store and find a bottle of Blanton’s Gold," Gregory said. “You never go to a liquor store and find a bottle of Four Roses 2011.” The lineup includes bottles of E.H. Taylor bourbon, Blanton’s Single Barrel, Eagle Rare 10 yr., Weller Antique 107, Willett Family Estate Single Barrel Rye, Michter’s, an Old Forester gift set and more. A link to the online auction is available at ABC.ky.gov . Auction items cannot be shipped, so winning bidders must pick up items in Frankfort, the state said. The auctions will become a “can't miss opportunity” for bourbon connoisseurs, Gregory said. Previously, confiscated bourbon or other spirits could end up being destroyed, he said. “We don't like to see good bourbon poured down the drain,” Gregory said. Kentucky distillers produce 95% of the global bourbon supply, the Kentucky distillers’ group says.
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