Stockwinners Market Radar for January 01, 2020 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

TRCB

Hot Stocks

21:01 EST Two River Bancorp trading halted, pending information request
LMT

Hot Stocks

17:47 EST Lockheed Martin awarded $138.49M Navy contract modification for AEGIS option - Lockheed Martin was awarded a $138.49M cost-plus-incentive-fee modification to a previously awarded contract to exercise options for AEGIS combat system engineering agent, or CSEA, efforts for the design, development, integration, test and delivery of Advanced Capability Build, or ACB 20. Under this contract, the AEGIS CSEA develops, integrates, tests and delivers computer program baseline advanced capability builds; supports technology insertions, or TI; develops engineering products to support ship integration; supports developmental test/operational test events; develops training and logistics products and provides field technical support for designated AEGIS baselines. The systems engineering, development and integration work under this contract begins with ACB 16 and TI 16, and continues with a future ACB/TI through the period of performance of the contract. This specific contract action provides for the development, integration, test and delivery of the AEGIS ACB 20 integrated combat system. Work will be performed in Moorestown, New Jersey, and is expected to be completed by December 2020. FY14 shipbuilding and conversion, FY15 shipbuilding and conversion, FY17 shipbuilding and conversion, FY20 operation and maintenance, FY20 other procurement and FY20 research, development, test and evaluation funding in the amount of $46.64M will be obligated at time of award and funding in the amount of $707,302 will expire at the end of the current fiscal year. The Naval Sea Systems Command is the contracting activity.
LMT

Hot Stocks

17:42 EST Lockheed Martin awarded $172.21M Navy contract - Lockheed Martin was awarded a not-to-exceed $172.21M fixed-price-incentive-firm target, advance acquisition contract. This contract procures long lead materials, parts components and effort for the production of 28 lot 15 F-35 aircraft for the Navy and Marine Corps. Work is expected to be completed in November 2023. FY20 aircraft procurement funds in the amount of $172.21M will be obligated at time of award, none of which will expire at the end of the current fiscal year. This contract was not competitively procured pursuant to 10 U.S. Code 2304. The Naval Air Systems Command is the contracting activity.
LMT

Hot Stocks

17:38 EST Lockheed Martin awarded $1.93B Navy contract - Lockheed Martin was awarded a $1.93B cost-plus-incentive-fee, firm-fixed-price, cost-plus-fixed-fee, and cost reimbursable contract. This contract procures recurring logistics services for delivered F-35 Lightning II joint strike fighter air systems in support of the Air Force, Marine Corps, Navy, non-Department of Defense, or DOD, participants and foreign military sales, or FMS, customers. Services to be provided include ground maintenance activities, action request resolution, depot activation activities, automatic logistics information system operations and maintenance, reliability, maintainability and health management implementation and support, supply chain management and activities to provide and support pilot and maintainer initial training. Work is expected to be completed in December 2020. FY20 operation and maintenance, non-DOD participant and FMS funds in the amount of $1.01B will be obligated at time of award, $671.02M of which will expire at the end of the current fiscal year. This contract combines purchase for the Air Force, Marine Corps, Navy, non-DoD participants and FMS customers. This contract was not competitively procured pursuant to Federal Acquisition Regulation 6.302-1. The Naval Air Systems Command is the contracting activity.
BAESY

Hot Stocks

17:36 EST BAE Systems awarded $180.07M government contract - BAE Systems Ordnance Systems was awarded a $180,069,075 modification (005320) to contract W52P1J-11-G-00002 for the operation and maintenance of Radford Army Ammunition Plant. Work will be performed in Radford, Virginia, with an estimated completion date of Dec. 31, 2021. Fiscal 2018, 2019 and 2020 procurement of ammunition, Army and 2019 other procurement, Army funds in the amount of $38,927,404 were obligated at the time of the award. U.S. Army Contracting Command, Rock Island Arsenal, Illinois, is the contracting activity.
LMT

Hot Stocks

17:36 EST Lockheed Martin awarded $138.49M government contract - Lockheed Martin Rotary and Mission Systems was awarded a $138,494,206 cost-plus-incentive-fee modification to a previously awarded contract (N00024-13-C-5116) to exercise options for AEGIS Combat System Engineering Agent (CSEA) efforts for the design, development, integration, test and delivery of Advanced Capability Build (ACB) 20. Under this contract, the AEGIS CSEA develops, integrates, tests and delivers computer program baseline Advanced Capability Builds; supports Technology Insertions (TI) (a replacement and/or upgrade of combat system computing hardware and associated middleware/firmware-design development); develops engineering products to support ship integration; supports developmental test/operational test events; develops training and logistics products; and provides field technical support for designated AEGIS baselines. The systems engineering, development and integration work under this contract begins with ACB 16 and TI 16, and continues with a future ACB/TI through the period of performance of the contract. This specific contract action provides for the development, integration, test and delivery of the AEGIS ACB 20 integrated combat system. Work will be performed in Moorestown, New Jersey, and is expected to be completed by December 2020. Fiscal 2014 shipbuilding and conversion (Navy; 4.3%), fiscal 2015 shipbuilding and conversion (Navy; 70.4%), fiscal 2017 shipbuilding and conversion (Navy; 4.2%), fiscal 2020 operation and maintenance (Navy; 1.5%), fiscal 2020 other procurement (Navy; 1.6%), and fiscal 2020 research, development, test and evaluation (Navy; 18%) funding in the amount of $46,641,364 will be obligated at time of award, and funding in the amount of $707,302 will expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, District of Columbia, is the contracting activity. Awarded Dec. 30, 2019.
LMT

Hot Stocks

17:35 EST Lockheed Martin awarded $172.21M government contract - Lockheed Martin Aeronautics was awarded a not-to-exceed $172,210,000 fixed-price-incentive-firm target, advance acquisition contract. This contract procures long lead materials, parts components and effort for the production of 28 lot 15 F-35 aircraft for the Navy and Marine Corps. Work will be performed at Fort Worth, Texas (35%), El Segundo, California (25%), Warton, United Kingdom (20%), Orlando, Florida (10%), Nashua New Hampshire (5%), and Baltimore, Maryland (5%), and is expected to be completed in November 2023. Fiscal 2020 aircraft procurement (Navy) funds in the amount of $172,210,000 will be obligated at time of award, none of which will expire at the end of the current fiscal year. This contract was not competitively procured pursuant to 10 U.S. Code 2304(c)(1). The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity (N00019-20-C-0009). Awarded Dec. 27, 2019.
LMT

Hot Stocks

17:35 EST Lockheed Martin awarded $1.93B government contract - Lockheed Martin Aeronautics was awarded a $1,926,811,724 cost-plus-incentive-fee, firm-fixed-price, cost-plus-fixed-fee, and cost reimbursable contract. This contract procures recurring logistics services for delivered F-35 Lightning II Joint Strike Fighter Air Systems in support of the Air Force, Marine Corps, Navy, non-Department of Defense (DOD) participants and foreign military sales (FMS) customers. Services to be provided include ground maintenance activities, action request resolution, depot activation activities, automatic logistics information system operations and maintenance, reliability, maintainability and health management implementation and support, supply chain management and activities to provide and support pilot and maintainer initial training. Work will be performed in Fort Worth, Texas (61%); Orlando, Florida (25%); Greenville, South Carolina (5%); Warton, United Kingdom (6%) and Redondo Beach, California (3%); and is expected to be completed in December 2020. Fiscal 2020 operation and maintenance (Air Force, Marine Corps and Navy), non-DOD participant and FMS funds in the amount of $1,014,338,012 will be obligated at time of award, $671,022,784 of which will expire at the end of the current fiscal year. This contract combines purchase for the Air Force ($392,321,076; 38%), Marine Corps ($191,048,520; 19%), Navy ($87,653,188; 9%), non-DoD participants ($231,962,860; 23%) and FMS customers ($111,352,368; 11%). This contract was not competitively procured pursuant to Federal Acquisition Regulation 6.302-1. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity (N00019-20-C-0006). Awarded Dec. 30, 2019.
PCG

Hot Stocks

17:22 EST Gallagher Fiduciary Advisors reports 5% passive stake in PG&E - In a regulatory filing, Gallagher Fiduciary Advisors disclosed a 5% stake in PG&E, which represents 26.53M shares. The filing does not allow for activism.
WABC

Hot Stocks

17:21 EST Westamerica names Jesse Leavitt as new CFO - Effective January 1, 2020, Westamerica has appointed Mr. Jesse Leavitt as CFO. Mr. Leavitt is a California licensed certified public accountant who during the past five years has served as Controller for the company, as Assistant Controller for a $12 billion financial institution, and as a bank examiner with a federal financial regulatory agency.
ABEO

Hot Stocks

17:19 EST Abeona Therapeutics' Buono acquires 200,000 common shares - In a regulatory filing, Abeona Therapeutics' Stefano Buono disclosed the purchase of 200,000 common shares of the company at a price of $2.50 per share on December 24.
AIV

Hot Stocks

17:12 EST Aimco CEO sells 100K shares of common stock - In a regulatory filing, Aimco disclosed that its CEO Terry Considine sold 100K shares of common stock on December 27th-30th. The total transaction size was $5.1M.
AMD...

Hot Stocks

17:10 EST According to SIA, Nov global semiconductor sales fell 0.3% m/m and 10.8% y/y - The Semiconductor Industry Association, or SIA, announced worldwide sales of semiconductors reached $36.7B for the month of November 2019, a decrease of 0.3% from the previous month's total and 10.8% lower than the November 2018 total of $41.1 billion. SIA represents U.S. leadership in semiconductor manufacturing, design, and research, with members accounting for approximately 95 percent of U.S. semiconductor sales. "As 2019 winds down, global semiconductor sales continue to lag behind last year's total, but we've begun seeing indications of the modest rebound projected for next year," said John Neuffer, president and CEO, Semiconductor Industry Association. "Regionally, the Americas market was the only major market to grow on a month-to-month basis, but sales into the Americas were down substantially year-to-year." Publicly traded companies in the space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN).
XPER TIVO

Hot Stocks

17:06 EST TiVo board approves departure of CFO Peter Halt - According to a regulatory filing, following the recently announced agreement to combine with Xperi Corporation (XPER), on December 27, 2019, the Board of Directors of TiVo Corporation (TIVO) approved the departure of Mr. Peter Halt as the company's Chief Financial Officer, effective December 30, 2019, for reasons unrelated to TiVo's financial reporting or disclosure controls and procedures. Halt will be engaged in an advisory role from January 2, 2020 through March 31, 2020 to facilitate a smooth transition of duties, and he will be paid $50,000 per month for his work in such role. On December 27, 2019, the company's Board of Directors approved the appointment of Wesley Gutierrez, the company's Chief Accounting Officer as the company's Chief Financial Officer, effective December 30, 2019. In this role, Gutierrez will serve as the company's principal financial and accounting officer until the earlier of his cessation of employment or the Board's appointment of his successor.
SAVA

Hot Stocks

16:39 EST Cassava Sciences spikes 23% after Chairman Remi Barbier buys $553K in shares - Cassava Sciences is up 23.08% or $1.20 to $6.40 per share in after-hours trading on Tuesday. Shares closed the regular session at $5.20 per share.
TDW

Hot Stocks

16:38 EST Raging Capital lowers activist Tidewater stake to 4.9% from 6.0% - Raging Capital disclosed a 4.9% activist stake in Tidewater, which represents over 1.93M shares of common stock. The holding is down from 6.0% reported on August 12th.
WMB

Hot Stocks

16:36 EST Williams completes Gateway Expansion Project ahead of schedule - Williams announced that it has successfully placed into full service its Gateway Expansion Project - approximately 11 months ahead of schedule - to meet growing natural gas demand for New Jersey tri-state area consumers in time for the 2019-2020 winter heating season. The Gateway Expansion Project is an expansion of the existing Transco pipeline system, providing 65,000 dekatherms per day of incremental firm transportation capacity to serve PSEG Power and UGI Energy Services . Expedited project execution and construction in close coordination with Williams' customers contributed to the early in-service date...With this expansion, the Transco pipeline's system-design capacity is increased to 17.3 million dekatherms per day. The system includes approximately 10,000 miles of pipeline between South Texas and New York City. The system is a major provider of cost-effective natural gas services that reach U.S. markets in 12 Southeastern and Atlantic Seaboard states, including major metropolitan areas in New York, New Jersey and Pennsylvania.
SAVA

Hot Stocks

16:21 EST Cassava Sciences Chairman Remi Barbier buys $553K in company shares - Cassava Sciences Chairman Remi Barbier disclosed in a filing that he had purchased 100,000 shares of company stock at an average price of $5.53 per share on December 31. The total transaction value of the purchase was $553,000.
TIF LVMUY

Hot Stocks

16:11 EST Tiffany says stockholder meeting to vote on LVMH deal to take place on Feb 4 - Tiffany & Co. (TIF) announced that it will hold a special meeting of its stockholders at its corporate office, 200 Fifth Avenue, New York, New York 10010, on February 4, 2020, beginning at 9 a.m., local time. At the special meeting, stockholders will be asked to consider and vote on, among other things, a proposal to adopt the previously announced Agreement and Plan of Merger, dated as of November 24, 2019, by and among the Company, LVMH Moet Hennessy-Louis Vuitton SE (LVMUY), Breakfast Holdings Acquisition Corp. and Breakfast Acquisition Corp., providing for the merger of Merger Sub with and into the company, with the company surviving the merger. The company's board of directors recommends that stockholders vote in favor of the proposal to adopt the Merger Agreement. Company stockholders of record at the close of business on January 2, 2020, will be entitled to receive notice of, and to vote at, the special meeting and any adjournments or postponements thereof. The transaction is expected to close in the middle of 2020, subject to the approval of stockholders at the special meeting, regulatory clearances and the satisfaction of other customary closing conditions.
TBLT

Hot Stocks

15:49 EST Ayrton Capital reports 9.99% passive stake in ToughBuilt - In a regulatory filing, Ayrton Capital disclosed a 9.99% stake in ToughBuilt, which represents about 3.24M shares. The filing does not allow for activism.
ENB...

Hot Stocks

14:50 EST PennEast Pipeline seeks two-year in-service delay, citing permitting - According to S&P Global; "PennEast Pipeline asked the Federal Energy Regulatory Commission for a two-year extension to put its federally approved 1.1 Bcf/d natural gas pipeline project in service after difficulties in obtaining permits and right of way in New Jersey and Pennsylvania.PennEast, backed by affiliates of Enbridge (ENB), Southern Company (SO), New Jersey Resources (NJR), South Jersey Industries (SJI)and UGI (UGI), sought a new deadline of January 19, 2022, in a request Monday. FERC issued Natural Gas Act certificates for the pipeline project January 19, 2018, and required the developer to put the pipeline in service by January 19." Reference Link
TLRY...

Hot Stocks

13:45 EST Cannabis firms rise following period of underperformance - A number of cannabis companies are trading sharply higher on the last day of 2019 following a period of underperformance for equities in the space. PRICE ACTION: In afternoon trading, Tilray (TLRY) rose 9.8%, Cronos Group (CRON) was up 17.2%, Aurora Cannabis (ACB) rose 12.6% and Canopy Growth Corporation (CGC) was up 12%.
AMRN

Hot Stocks

13:33 EST HLS Therapeutics announces Health Canada approval for Vascepa for CV risk - HLS Therapeutics announced that Health Canada has approved the use of Vascepa to reduce the risk of cardiovascular events in statin-treated patients with elevated triglycerides, who are at high risk of cardiovascular events due to established cardiovascular disease, or diabetes, and at least one other cardiovascular risk factor. HLS in-licensed the exclusive rights to Vascepa for the Canadian market from Amarin Corporation (AMRN) in 2017, the company noted. "As approved by Health Canada, Vascepa is intended to address a serious, life-threatening condition for which no drug is currently marketed in Canada, and for which there is substantial evidence of clinical effectiveness of the treatment. These factors led to Health Canada's priority review of the product and now serve as the foundation for Vascepa to be a transformative product for HLS. Looking ahead, we are now in the final phase of preparation for the commercial launch of Vascepa in Canada, which we expect will take place in the mid-February 2020 timeframe," said Greg Gubitz, CEO of HLS.
CLB...

Hot Stocks

13:20 EST Core Laboratories drops 22% after guidance cut, oil field peers under pressure - Shares of companies in the oilfield services space are under pressure after peer Core Laboratories (CLB), which offers services to enhance output from oilfields, cut its guidance for the fourth quarter, reduced its initial first quarter 2020 guidance, and lowered its future quarterly dividend. On Monday evening, Core Labs indicated in a statement that the decline in U.S. onshore activity has proven to be more pronounced than originally forecast in late October. The U.S. rig count quarter-to-date is down approximately 11%, with U.S. completion activity tracking downward over 20%, primarily affecting Core's Production Enhancement. Moreover, client discussions required to advance large international and offshore projects have progressed slower than expected. These developments have negatively impacted Q4 financial results for Core's Reservoir Description segment. ANALYST VIEWS: JP Morgan analyst Sean Meakim believes a downside surprise in NAM onshore was "more than discounted by the market" and that the weak Q1 outlook shouldn't impact the stock too much. However, he also believes the dividend cut has negative implications for the shares today and in the coming weeks as he views that cut as "a significant acknowledgment that (for now) in the current cycle 'what you see is what you get'." Additionally, Cowen analyst Marc Bianchi lowered his price target on Core Laboratories to $39 and kept his Market Perform rating after its below-consensus Q4 pre-announcement and a 50% dividend cut. The analyst cited the "20% sequential completions decline" in the U.S. disclosed by the company along with the slower than anticipated progress for large international and offshore projects. PRICE ACTION: Shares of Core Laboratories are down over 22% to $36.97 in afternoon trading. OTHERS TO WATCH: Other oil field service names are also under pressure, including Halliburton (HAL), Helix Energy (HLX), Oceaneering (OII), and Schlumberger (SLB).
ELLO

Hot Stocks

13:20 EST Ellomay Capital trading resumes
FTFT

Hot Stocks

13:03 EST Future FinTech granted extension of time to regains Nasdaq compliance - Future FinTech Group announced that on December 17, 2019, the Company received a notification letter from NASDAQ Listing Qualification Staff stating that Staff has determined to grant the Company an extension of time to regain compliance with the NASDAQ Listing Rule. As previously disclosed, on September 4, 2019, the Company received written notice from the Staff stating that the Company did not meet the requirement of maintaining a minimum of $2,500,000 in stockholders' equity for continued listing on the NASDAQ Capital Market, as set forth in NASDAQ Listing Rule 5550(b)(1), the Company also did not meet the alternative of market value of listed securities of $35M under NASDAQ Listing Rule 5550(b)(2) or net income from continuing operations of $500,000 in the most recently completed fiscal year or in two of the last three most recently completed fiscal years under NASDAQ Listing Rule 5550(b)(3), and the Company is no longer in compliance with the NASDAQ Listing Rules. The NASDAQ notification letter provided the Company until September 18, 2019 to submit a plan to regain compliance. If the plan is accepted, NASDAQ can grant the Company an extension up to 180 calendar days from the date of NASDAQ letter to demonstrate compliance. The Company submitted its plan of compliance on September 18, 2019 and supplemental documents to the plan of compliance on November 11 and December 12, 2019. As detailed in the submission, the Company signed a share transfer agreement, to sell its fruit juice business and related subsidiaries of HeDeTang Holdings and will submit the transaction for shareholders approval at a special shareholders meeting. The proposed sale is expected to divest approximately $148 million in asset impairment charges, which contributed to its stockholders equity' deficit of $86.7M, as of December 31, 2018. Based on the review of the materials submitted by the Company, Staff has determined to grant the Company an extension until February 28, 2020 to regain compliance with the Rule. The Company intends to fully comply with the exception granted by the Staff and to complete the sale transaction on or before February 28, 2020.
ELLO

Hot Stocks

12:53 EST Ellomay Capital trading halted, news pending
TWTR

Hot Stocks

12:10 EST Twitter moves lower, goes negative as Josh Brown discusses selling out of stock - Josh Brown, the CEO of Ritholtz Wealth Management and contributor to CNBC, is on the business news network discussing his rationale for having sold-out of his long held position in Twitter. Near noon, Twitter shares have moved from being up fractionally to being down fractionally to trade at $32.02 per share.
IMMR

Hot Stocks

12:03 EST Viex discloses 11.8% activist stake in Immersion - Immersion holder Viex disclosed a 11.8% stake in Immersion, which represents over 3.7M shares.In a letter, VIEX notified Immersion of its intent to nominate five persons for election to the Board at Immersion's 2020 annual meeting of stockholders.Vies submitted the letter to nominate the highly qualified VIEX Nominees to protect all shareholders from a Board that the Reporting Persons believe has shown no regard for its investors, has failed to implement a credible business plan to maximize shareholder value, has failed to protect shareholder resources, has engaged in irresponsible governance, and has compensation practices that have destroyed value for shareholders.
ABBV

Hot Stocks

12:02 EST AbbVie treatment of pediatric ulcerative colitis granted FDA orphan status - AbbVie's treatment of pediatric ulcerative colitis was granted FDA orphan status, according to a post to the agency's website. Reference Link
NSCO

Hot Stocks

12:00 EST Nesco Holdings falls -4.4% - Nesco Holdings is down -4.4%, or -19c to $4.11.
NOVA

Hot Stocks

12:00 EST Sunnova Energy falls -5.9% - Sunnova Energy is down -5.9%, or -70c to $11.20.
CLB

Hot Stocks

12:00 EST Core Laboratories falls -21.9% - Core Laboratories is down -21.9%, or -$10.41 to $37.05.
CGC

Hot Stocks

12:00 EST Canopy Growth rises 11.3% - Canopy Growth is up 11.3%, or $2.12 to $20.91.
MTOR

Hot Stocks

12:00 EST Meritor rises 13.3% - Meritor is up 13.3%, or $3.09 to $26.41.
NIO

Hot Stocks

12:00 EST NIO Inc. rises 13.7% - NIO Inc. is up 13.7%, or 51c to $4.23.
CAAS

Hot Stocks

11:20 EST China Automotive granted U.S. patent for steering gear assembly - According to a post to the website of the USPTO dated December 31, China Automotive Systems was assigned a patent for a "steering gear housing and method of manufacturing same." Reference Link
ENZ

Hot Stocks

10:50 EST Enzo Biochem appoints Rebecca Fischer to board, Gregory Bortz retires from board - Enzo Biochem announced it has appointed "industry healthcare veteran and leader" Rebecca Fischer to its board of directors. "Her appointment as a new independent director is effective immediately and follows a search process conducted as part of Enzo's ongoing focus on Board composition, refreshment and diversity. As part of our evaluation, the company as a significant provider of Women's health products and services, believes the representation of such a highly qualified woman on the Board would be a valuable contribution to it. Ms. Fischer takes the place of Gregory M. Bortz who has retired from the Board. The Board had requested Mr. Bortz to remain on the Board for a period of time to help complete the design and execution of the Company's strategic plan of which Greg was a key contributor. Upon implementation of the strategy, it was understood that Mr. Bortz would step down. Dov Perlysky, a member of the Board since 2012, will replace Mr. Bortz as Lead Independent Director of the company," Enzo stated.
PACD

Hot Stocks

10:00 EST Pacific Drilling falls -5.4% - Pacific Drilling is down -5.4%, or -21c to $3.70.
CANG

Hot Stocks

10:00 EST Cango falls -6.8% - Cango is down -6.8%, or -60c to $8.20.
CLB

Hot Stocks

10:00 EST Core Laboratories falls -19.7% - Core Laboratories is down -19.7%, or -$9.33 to $38.13.
CNF

Hot Stocks

10:00 EST CNFinance rises 6.0% - CNFinance is up 6.0%, or 27c to $4.80.
BE

Hot Stocks

10:00 EST Bloom Energy rises 7.1% - Bloom Energy is up 7.1%, or 51c to $7.70.
MTOR

Hot Stocks

10:00 EST Meritor rises 11.2% - Meritor is up 11.2%, or $2.62 to $25.94.
GTS

Hot Stocks

09:59 EST Triple-S slips as short-seller says lawsuits 'keep piling up' - Shares of Triple-S (GTS) are under some early pressure on Tuesday as short-seller The Friendly Bear claims it found over 25 new lawsuits against the company while "Triple-S continues concealing accounting fraud through manipulative repurchase program." LAWSUITS 'KEEP PILING UP': In a short report published on its website, The Friendly Bear said that it has found over "$450 million of book value across all GTS subsidiaries." "As a result of Act 247, the statute of limitations was effectively extended past September 20, 2019 on Maria claims - in light of these new lawsuits, we are fully convinced that Triple-S continues to hide enormous unpaid claims from the market and that our docket runs thus far are not a complete picture of unpaid claims," the report added. INSOLVENCY RISK: This is not the first time The Friendly Bear mentioned Triple-S cautiously. Back in September, the short-seller claimed that the Puerto Rico-based insurer was "materially understating its Hurricane Maria liabilities," which the firm believes could be as high as $1B, or triple what the company has publicly disclosed. The firm saw "significant risk of near-term insolvency" and said the stock "is so underfollowed that the stock was essentially flat on July 10, 2019 when Spanish-language local media reported unconfirmed rumors of an FBI raid at the company's offices." PRICE ACTION: In morning trading, shares of Triple-S have dropped over 1% to $18.43. Reference Link
EVH

Hot Stocks

09:50 EST Evolent Health closes on acquisition of Passport - In a regulatory filing earlier this morning, Evolent Health noted that on December 30, University Health Care, Inc., d/b/a Passport Health Plan, Passport Health Solutions, Evolent Health, and Justify Holdings, entered into an amendment to their asset purchase agreement, dated May 28, 2019. Also on December 30, the company consummated the transactions contemplated by the amended asset purchase agreement and acquired substantially all of the assets of Passport related to its Medicaid business for $70.0M in cash, a portion of which was placed into escrow, and the issuance of a 30% equity interest in the buyer to the current owners of Passport. "The consideration was determined on an arms-length basis, taking into account market-based comparable transactions...Passport has been one of the company's largest partners, representing 16.4% and 17.5% of the company's total revenue, respectively, and 2.8% and 6.9% of the company's accounts receivable as of September 30, 2019, and December 31, 2018, respectively," the filing noted.
BSIG

Hot Stocks

09:47 EST BrightSphere rises 5.2% - BrightSphere is up 5.2%, or 53c to $10.60.
MTOR

Hot Stocks

09:47 EST Meritor rises 14.8% - Meritor is up 14.8%, or $3.45 to $26.77.
NIO

Hot Stocks

09:47 EST NIO Inc. rises 16.7% - NIO Inc. is up 16.7%, or 62c to $4.34.
TME...

Hot Stocks

09:01 EST Fly Intel: Pre-market Movers - HIGHER: Tencent Music (TME), up 1% after proposing to join a consortium led by Tencent Holdings to acquire a 10% equity stake in Universal Music Group from its parent company, Vivendi (VIVHY), at an enterprise value of EUR30B. TME proposed to invest up to a 10% equity interest in the consortium... Seadrill (SDRL), up 18% after securing a three year contract for each of the AOD II and AOD III in the Middle East, in direct continuation of their current contracts... FuelCell (FCEL), up 24% after beginning commercial operation of the 2.8 megawatt fuel cell project located at the city of Tulare, California's waste water treatment facility. LOWER: Savara (SVRA), down 2% to give back a small part of the big gains seen yesterday after the FDA granted Breakthrough Therapy designation for Molgradex... Core Laboratories (CLB), down 19% after slashing Q4 guidance, guiding below consensus for Q1 and reducing its quarterly dividend... McDermott (MDR), down another 12% after The Wall Street Journal reported late in yesterday's trading that the company is in discussions with lenders to file for bankruptcy within weeks.
IDEX

Hot Stocks

09:00 EST Ideanomics segment announces approximately $24M in vehicle orders - Ideanomics announced that its MEG Group, in partnership with GCL as part of MEG's logistical vehicles segment, represents the first of a pipeline of logistical vehicle sales and financing for 2020. The order is for a total of 1,200 logistical vehicles and fulfilled by China-based EV manufacturer Jiangsu AOXIN New Energy Automobile, through their X30L model, with the first 500 ordered in Q4, and the remaining 700 being ordered for Q1, 2020, for a total possible order value of approximately $24M. The initial order signed during Q4 is for 500 vehicles, with the remaining order for 700 vehicles in Q1 2020. The vehicles are city/urban delivery cargo vans intended to facilitate last-mile deliveries. MEG will derive fees from this transaction through arranging the procurement and financing, although the company has not yet completed the accounting analysis to determine whether this revenue should be recorded on a gross or net basis.
STON

Hot Stocks

08:46 EST StoneMor Partners completes C-Corporation conversion - StoneMor Partners announced the completion of the previously announced conversion of GP from a Delaware limited liability company into a Delaware corporation named StoneMor and the merger of a wholly owned subsidiary of GP with and into the Partnership, with the Partnership continuing as the surviving entity and a subsidiary of the Company. At the effective time of the Merger, each Partnership common unit and preferred unit was converted into the right to receive one share of common stock, par value $0.01 per share of the Company. Based on the Partnership common units and preferred units outstanding, the Company issued approximately 94.4M Company Shares to Partnership unitholders in connection with the Merger. The Company Shares will begin trading on the New York Stock Exchange under the ticker symbol "STON" when the market opens on January 2, 2020. In addition, StoneMor Partners L.P.'s common units will no longer trade on the NYSE. Effective upon the closing of the Merger, the current members of the GP Board joined the Board of Directors of the Company.
MRMD

Hot Stocks

08:39 EST Marimed sees 'increased revenues' in 2020 - MariMed announced that MariMed and GenCanna Global are both expecting increased revenues in 2020. MariMed's plan to consolidate the cannabis license companies it developed and manages is on track heading into 2020. To date, the Company has received state approval and has completed the transfer of licenses in Massachusetts and Illinois and approval from the State of Nevada is imminent. Massachusetts operations and revenue generation began this month and in Illinois, the state has legalized adult use. As a result, the operations in both states are expected to experience significant revenue growth in 2020. During 2019, under MariMed management, revenue of the cannabis managed businesses in Delaware, Maryland and Illinois have experienced strong growth. Following state approvals, the consolidation will allow MariMed to report the revenues from these other states in the Company's consolidated financial statements. The company said, "This fall, GenCanna completed one of the largest hemp harvests in US history and has begun to process over 14 million pounds of CBD-rich biomass. GenCanna had its challenges in 2019 when capital market conditions affected the funding of their expanded production facilities and operations, which resulted in some negative press towards GenCanna when the development of the new facilities was put on hold. A fire in early November at its main processing and lab facility in Kentucky impacted GenCanna's 2019 production, revenue and cash flow. As GenCanna has reported, it has established a joint venture with a processing facility in South Carolina that uses specialized technology to harvest large quantities of biomass into saleable full and broad-spectrum oils and isolates. This facility enables GenCanna to offer tolling agreements to farmers outside GenCanna's farming network to process potentially millions of pounds of CBD biomass providing GenCanna with an incremental revenue source. Under this initiative, GenCanna will continue to be the one of the largest producers of GMP compliant CBD oils and isolates in the United States."
TAOP

Hot Stocks

08:36 EST Taoping Alliance welcomes 31 new members - Taoping announced that 31 companies have joined the Taoping Alliance to operate Taoping new media in 31 cities as its city partners. As of now, Taoping Alliance has 196 domestic members operating in 196 cities across 26 provinces out of 34 provincial level administrative units in China as well as three overseas members. The 31 new members are Tongcheng Taoping, Jinzhai Taoping, Nanling Taoping, Fanchang Taoping, and Wuhu Taoping, in Anhui Province, Mile Taoping, Luxi Taoping, Jianshui Taoping, Gejiu Taoping, Hekou Taoping, Wuding Taoping, Lufeng Taoping, Yuanmou Taoping, and Qiubei Taoping in Yunnan Province, Lichuan Taoping and Huangpi Taoping in Hubei Province, Chaling Taoping, Changning Taoping, and Hengshan Taoping in Hunan Province, Wuxi Taoping, Huaian Taoping, and Rudong Taoping in Jiangsu Province, Dongming Taoping, Dong'e Taoping, and Ningyang Taoping in Shandong Province, Tongzi Taoping, Zhenning Taoping, Xingyi Taoping, Rongjiang Taoping, Panzhou Taoping, and Shuicheng Taoping in Guizhou Province. The 31 companies are purchasing smart display screens from TAOP and are responsible for new media operations at Tongcheng County, Jinzhai County, Nanling County, Fanchang County, Wuhu County, Mile County, Luxi County, Jianshui County, Gejiu County, Hekou County, Wuding County, Lufeng County, Yuanmou County, Qiubei County, Lichuan County, Huangpi District, Chaling County, Changning County, Hengshan County, Wuxi City, Huai'an Prefecture, Rudong County, Dongming County, Dong'e County, Ningyang County, Tongzi County, Zhenning County, Xingyi County Rongjiang County, Panzhou County and Shuicheng County respectively.
DUO

Hot Stocks

08:35 EST FangDD Network expands into parking space transaction services - Fangdd Network Group announced that it has expanded its business to include parking space sales on its platform. The Company has entered into agreements with Shenzhen Jinyiyun Supply Chain Technology and relevant real estate agents on its platforms, pursuant to which the Company leverages the real estate agents on its platform to provide parking space transaction services for Shenzhen Jinyiyun. As a technology platform, Shenzhen Jinyiyun applies blockchain technologies in real estate supply chain management and inventory assets digitization. The development of blockchain-based parking space sales is one of Shenzhen Jinyiyun's business focuses. As certain of our directors and officers are principal shareholders of Shenzhen Jinyiyun, the transactions between FangDD and Shenzhen Jinyiyun are related party transactions. The audit committee of FangDD's board of directors has reviewed and approved the aforementioned transactions with Shenzhen Jinyiyun. The Company has already facilitated a number of parking space sales between agents on its platform and Shenzhen Jinyiyun. The Company intends to include more business partners for its parking space transaction services business in the future.
INPX

Hot Stocks

08:33 EST Inpixon CEO says 2020 focus will be 'continuing to innovate with indoor data' - Inpixon provided the following business update from the company's CEO Nadir Ali: "As we close out both a very busy 2019 and a decade of innovation, I'd like to reflect on the past year and also take this opportunity to share my vision for the future at Inpixon, especially given all the positive developments. The year 2019 was full of achievements for our team. In February, we were pleased to be named by Gartner, a highly respected technology analyst, in their Magic Quadrant for indoor location services, worldwide. This is a significant recognition of our platform and enhancements, as this past year we focused on interoperability and integration, embracing the power and flexibility offered by open and agnostic systems. This shift further enhanced our ability to ingest data from a variety of different sources, such as point-of-sale systems. This commitment to open architectures and interoperability has also meant that our ecosystem of partners and distributors has grown significantly in the last year, expanding globally across verticals. Most notably, we also made several strategic acquisitions this year enabling us to build out our technology portfolio, securing new customers and opening up new entry points to our business. In the spring, we acquired Locality Systems, a video analytics technology company whose offering complemented Inpixon's existing solutions. This addition allows us to offer what we believe is one of the indoor positioning market's most comprehensive product lines for visitor analytics and physical cyber security. Shortly after, we acquired a GPS technology portfolio, to integrate outdoor GPS with our indoor positioning system. At the end of the summer, we once again expanded our portfolio, this time by acquiring industry-leading indoor mapping company, Jibestream. Many of the use cases we aim to address require geospatial context for location-based services, and dynamic maps are the most intuitive interfaces to achieve these outcomes and make indoor spaces digitally addressable...Moving forward into a new decade, a big focus of ours will be on continuing to innovate with indoor data to expand value for our customers by leveraging artificial intelligence and big data. Our engineering team is exploring how we can expand our capacity in these areas to allow customers to take advantage of their indoor data in ways that were previously unfathomable. We also recently announced our plans for an Ultra-Wideband module to deliver centimeters-level positional accuracy for people and assets.We intend to focus on unifying and branding our expanding portfolio of offerings. As we start the new year, you'll notice some changes to our website as we update it to better reflect the new full scope of our solutions. I hope you'll join the conversation with us on LinkedIn, Twitter, and Facebook as we help organizations uncover what's possible with indoor intelligence. Inpixon remains fully committed to building shareholder value, and we believe the foundation we've built in 2019, plus our improved cash position due to the $6.5M we raised this quarter through our ATM facility, will set the stage for a very positive year in 2020 and beyond. We deeply appreciate the support of all of our stakeholders and look forward to the new year."
VIVE

Hot Stocks

08:31 EST Viveve announces compliance with Nasdaq listing rules - Viveve Medical announced that it has been notified by Nasdaq that Viveve has regained compliance with the Nasdaq Capital Market continued listing requirements, the scheduled hearing before the Nasdaq Hearings Panel has been cancelled, and Viveve will continue to trade on the Nasdaq Capital Market.
CHDN

Hot Stocks

08:19 EST Churchill Downs announces launch of online BetAmerica Sportsbook in Indiana - Churchill Downs announced the launch of its online BetAmerica Sportsbook in Indiana. The retail BetAmerica Sportsbook opened in November at Rising Star Casino Resort in Rising Sun, Indiana. "We are excited to offer our online BetAmerica Sportsbook to sports betting fans throughout Indiana. Indiana sports enthusiasts can now enjoy placing bets, including in-game betting and super odds boosts, through the online BetAmerica Sportsbook," said BetAmerica President Ian Williams.
KTOS

Hot Stocks

08:05 EST Kratos Defense receives $24M microwave electronics product contract award - Kratos Defense & Security Solutions announced that it has received an approximate $24M single award contract for microwave electronics products in support of missile system programs. This contract award is the initial production award for what is expected to be long term, multi-year missile system platforms.
IMAC

Hot Stocks

08:04 EST IMAC CEO says 2020 plans expand on geographic footprint, therapy development - IMAC Holdings announced CEO Jeff Ervin, issued a Letter to Shareholders. The letter read in part: "We are poised to begin 2020 with strong accomplishments this year that serve as a foundation for continued success in the new year. We enter 2020 having concentrated our efforts through several complementary paths, each of which differentiates us from competitive rehabilitation centers. It is our delivery of superior care without the use of surgery or opioids, our commitment to innovations that halt the progression of movement restricting disease, ensuring that our customers get better, and that we do better by our communities, including veterans of our Armed Services. For all of the successes we have achieved this year and over the last quarter in particular, we have been equally successful in carefully managing our costs while creating new revenue streams with minimal or no outlay of capital. We stand at the forefront of our industry and our plans for 2020 expand on our vision, geographic footprint, and development of new therapies that we believe will radically transform the landscape of regenerative medicine and treatment outcomes, all while staying true to our mission and vision. These are exciting times for your company and our future. From the technological perspective, we are pleased to have announced the sale of our BioFirma subsidiary assets to Self Care Regeneration LLC for proceeds to the Company of $320,800, plus reimbursement of certain expenses. The transaction closes as of this day, and what makes it central to our business is that IMAC now has a long-term supply agreement with the ability to purchase regenerative medicine products at deep discounts for use in our roster of rehabilitation clinics without assuming operating risk of maintaining the production side of the business. Continued proprietary advancements are expected to be announced soon...Our recently implemented membership program begins January 1, 2020, on a subscription basis for all current and future patients. IMAC will start the membership with more than 300 enrollees. We offer online enrollment through the IMAC websites for one of three membership plans. The Flex Plan will require a $10 membership fee and $50 monthly fee which will include a consultation from a company medical practitioner and will offer members four chiropractic adjustments per month. The Plus Plan consists of a $50 membership fee and a $95 monthly fee for all Flex Plan benefits, four decompression visits per month, and one platelet-rich plasma treatment per year. Finally, the Regen Plan, which requires a $100 membership fee and a $300 monthly fee, will include one yearly medical evaluation and one yearly cellular therapy treatment, two platelet rich plasma treatments per year, and access to a 20% discount on additional proprietary regenerative medicine treatments found at the IMAC clinics. These plans provide our patients with significant savings and encourage guests to explore some of the proprietary treatment modalities that we believe set us apart in the market, while providing additional revenue streams and potential new visitors to our regenerative rehabilitation centers without any capital outlay...From a strictly administrative perspective, we are also pleased to announce that our annual audit is now well under way and we expect to meet SEC mandated timelines. In addition, based on our successful growth over the course of 2019, we look forward to initiating quarterly conference calls to provide all of our stakeholders with greater transparency and more interactive discussion around our quarterly execution."
VVUS

Hot Stocks

07:31 EST VIVUS adopts stockholder rights plan - VIVUS announced that on December 30, 2019 its board of directors adopted a new stockholder rights plan to replace the Company's stockholder rights plan that expired in accordance with its terms on November 9, 2019. Under the new rights plan, the terms of which are substantially similar to the terms of the Company's prior rights plan, VIVUS will issue a dividend of one right for each share of its common stock held by stockholders of record as of the close of business on January 13, 2020. The new rights plan is designed to protect stockholder value by mitigating the likelihood of an "ownership change" that would result in significant limitations on the Company's ability to use its net operating losses or other tax attributes to offset future income. The new rights plan is similar to rights plans adopted by other public companies with significant net operating loss carryforwards. The new rights plan provides, subject to certain exceptions that if any person or group acquires 4.9% or more of the Company's outstanding common stock, there would be a triggering event potentially resulting in significant dilution in the voting power and economic ownership of that person or group. Existing stockholders who hold 4.9% or more of the Company's outstanding common stock as of the date of the new rights plan will trigger a dilutive event only if they acquire an additional 1% of the outstanding shares of VIVUS common stock. The new rights plan will continue in effect until December 30, 2022, unless earlier terminated or the rights are earlier exchanged or redeemed by the Board of Directors. The Company expects to submit the new rights plan to a vote at the Company's 2020 annual meeting of stockholders. If stockholders do not approve the plan at the 2020 annual meeting, it will expire at the close of business on the following day.
NBL

Hot Stocks

07:30 EST Noble Energy announces first gas from Leviathan field - Noble Energy announced the commencement of natural gas production from the Leviathan field, "the largest natural gas field in the Eastern Mediterranean." David Stover, Noble Energy's Chairman and CEO, stated, "This is a historic day for Noble Energy. The safe and successful execution of the initial phase of Leviathan development has been world-class, continuing our exceptional track record of major project delivery. First gas is online less than three years from project sanction and capital expenditures were $150M under budget. Combined with Tamar, our Israel assets provide a differential production profile and cash flow outlook for Noble Energy far into the future."
WBAI

Hot Stocks

07:16 EST 500.com chairman resigns, CEO steps aside until end of SIC investigation - 500.com announced that the company's board has formed a special investigation committee, or SIC, to internally investigate alleged illegal money transfers and the role played by consultants following the arrest of one consultant and two former consultants by the Tokyo District Public Prosecutors Office. Concurrently, Xudong Chen, chairman of the board, has resigned, effective December 30. The company said Chen's resignation was not based on any disagreement with the company on any matter related to its business, finance, accounting and/or any other affairs. In addition, the board has accepted the request from Zhengming Pan, director and CEO, to temporarily step aside from his positions, effective immediately until the conclusion of the SIC's investigation. Shengwu Wu has been elected to replace Chen as chairman of the board and Zhaofu Tian, 500.com's current CTO, has been appointed as interim CEO, effective until the conclusion of the SIC's investigation. Wu will join the board's compensation committee and chair the strategic planning committee. Wu joined Tsinghua Unigroup in September as an executive VP.
GTBIF

Hot Stocks

07:11 EST Green Thumb Industries to open Rise Lakewood store in Ohio - Green Thumb Industries announced it will open its 39th location, Rise Lakewood, on December 31. This is the fourth Rise store in Ohio, Lakewood's first cannabis retail store, and the fifth store GTI will open in December.
JE

Hot Stocks

07:09 EST Just Energy says strategic review process is 'ongoing' - The company said, "The strategic review process initiated in early June is ongoing. The Board's goal for the strategic review is to unlock value for Just Energy and all its stakeholders with respect to its core North American business. Just Energy has not set a specific time frame for the conclusion of the strategic review. The Company will provide an update when the Board has approved a specific course of action."
SDRL

Hot Stocks

07:08 EST Seadrill announces contract extension for AOD II and AOD III - Seadrill Limited announced last night that it has secured a three year contract for each of the AOD II and AOD III in the Middle East, in direct continuation of their current contracts. Total contract value is expected to be approximately $98M and $101M, respectively, the company stated.
JE

Hot Stocks

07:07 EST Just Energy sees C$60M in savings from efficiency, profitability initiatives - The company said, "In late fiscal 2019 and during fiscal 2020, Just Energy identified several opportunities to improve efficiency and profitability. The Company has been implementing these initiatives, including eliminating low-value activities, businesses and overhead, optimizing spending, improving efficiency in its customer care group and refining the quality of its customer base. The impact of these improvements is beginning to yield results and the Company estimates that these improvements will drive savings of approximately C$60M, net of costs associated with severance and Just Energy's strategic review process."
JE

Hot Stocks

07:06 EST Just Energy announces sale of Georgia assets for approx. $3.4M - Just Energy Group announces that it has sold all of its customer contracts and natural gas in storage in the State of Georgia to Infinite Energy for approximately $3.4M, subject to customary adjustments. The Georgia market has limited growth possibility and was sub-scale for Just Energy. In addition, the Company has closed the previously announced sale of its Irish operations to Flogas Natural Gas Limited for approximately EUR700K, subject to customary adjustments.
CVIA

Hot Stocks

07:04 EST Covia terminates railcar purchase obligations of approx. $195M - Covia announced a series of actions that are expected to improve its financial flexibility: The Company has received a commitment from PNC Bank, National Association for a new, 3-year credit facility for up to $85M. The new facility is expected to bear interest of LIBOR plus 1.75% and be secured by the Company's U.S. accounts receivable. In conjunction with the commitment, the Company has voluntarily canceled its $200M revolving standby credit facility that contained restrictive covenants and carried a higher interest rate. The Company and certain railcar manufacturers have entered into definitive agreements to restructure the Company's railcar purchase obligations which were scheduled to mature in 2020 and 2021. The agreements terminated railcar purchase obligations of approximately $195M in exchange for immaterial consideration, which included cash and lease modifications to a small portion of the fleet. The Company no longer has any minimum railcar purchase obligations. In addition to the newly committed $85M revolving credit facility, the Company is evaluating additional sources of liquidity to increase the total size of its standby liquidity. The Company is targeting up to an additional $75M in standby liquidity through secured facilities, which are expected to close in 2020.
NVCN

Hot Stocks

07:01 EST Neovasc submits premarket approval application to FDA for Neovasc Reducer - Neovasc announced the submission of a Premarket Approval application to the U.S. Food and Drug Administration for its Neovasc Reducer medical device for the treatment of refractory angina. The submission also includes a request for an Advisory Panel meeting. The PMA for Reducer includes clinical data from the COSIRA 104 patient randomized, double-blind, sham-controlled trial, the ongoing REDUCER-I European Post-Market study, with over 200 patients currently enrolled with up to 5 years of follow-up, and supportive clinical evidence from multiple peer reviewed publications on Reducer.
C

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06:02 EST Citi appointed as successor depositary bank for Rostelecom ADR programme - Citi, acting through Citibank N.A., has been appointed by Rostelecom PJSC to act as successor depositary bank for its American Depositary Receipt programme.
SINA

Hot Stocks

05:28 EST Sina announces $500M share repurchase program - Sina announced that its board has authorized a share repurchase program under which the company may repurchase up to $500M of its ordinary shares over the next 12 months.
TME VIVHY

Hot Stocks

05:26 EST Tencent Music, consortium to acquire 10% equity stake in Universal Music Group - Tencent Music Entertainment Group (TME) announced that the company, through one of its wholly-owned subsidiaries, proposes to join a consortium led by Tencent Holdings to acquire a 10% equity stake in Universal Music Group, or UMG, from its parent company, Vivendi S.A. (VIVHY), at an enterprise value of EUR 30B. TME proposed to invest up to a 10% equity interest in the Consortium. The Consortium will also have the option to purchase an additional 10% equity stake in UMG at the same enterprise value as in the Transaction pursuant to the terms of the transaction documents. The Transaction is subject to regulatory approvals and other customary closing conditions, and is expected to close by the first half of 2020. Prior to the closing of the Transaction, TME and UMG also intend to enter into a second agreement that grants TME an option to acquire a minority equity stake in UMG's Greater China business.
TME VIVHY

Hot Stocks

05:24 EST Tencent Music, consortium to acquire 10% equity stake in Universal Music Group -
BDRBF

Hot Stocks

05:21 EST Bombardier to sell EWIS assets in Queretaro, Mexico to Latecoere for $50M - Latecoere and Bombardier announced that the companies have entered into a definitive agreement, whereby Latecoere will acquire Bombardier's electrical wiring interconnection system, or EWIS, assets in Queretaro, Mexico. The two companies also concluded a long-term supply agreement that will see Latecoere supply Bombardier with electrical wiring interconnection systems. The transaction is subject to customary conditions and approvals and is expected to close in the first half of 2020. Under the terms of the transaction, Latecoere will pay Bombardier a cash consideration of USD 50 million. The transaction further supports Bombardier Aviation's transformation and sharpens the company's focus on its core manufacturing capabilities. The skilled employees who manufacture the main harnesses and electrical subassemblies in Queretaro will bring years of experience and value to Latecoere. The sale will not impact the remainder of Bombardier's operations at its Queretaro site, which will continue to produce major structures for Bombardier aircraft, such as the aft fuselage for the Global family of business aircraft.