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- 11/04/18--08:32: _Death toll rises to...
- 11/04/18--07:42: _Italy floods: Death...
- 11/05/18--07:17: _Recalled Ashley-Coo...
- 11/05/18--08:14: _World Rankings
- 11/05/18--07:13: _Eurogroup calls on ...
- 11/05/18--07:11: _EU economy chief se...
- 11/05/18--07:55: _Mertens future hint...
- 11/05/18--07:55: _Stunning footage sh...
- 11/05/18--07:51: _Top Mourinho target...
- 11/05/18--08:02: _Death Toll In Italy...
- 11/05/18--07:49: _US allows India, Ch...
- 11/05/18--08:01: _World Market for Ve...
- 11/05/18--08:01: _AAGL Announces Firs...
- 11/05/18--08:01: _THE DE BEERS GROUP ...
- 11/05/18--08:22: _Italy vows to DEFY ...
- 11/05/18--08:57: _Girlfriend of Itali...
- 11/05/18--08:27: _Death Toll From Sev...
- 11/05/18--08:20: _Italeaf: the Board ...
- 11/05/18--08:34: _Euro finance minist...
- 11/05/18--08:40: _Global Flat Glass C...
- 11/04/18--08:32: Death toll rises to 29 in Italy's historic storms, flooding
- 11/05/18--07:17: Recalled Ashley-Cooper sets aims at a fourth World Cup
- 11/05/18--08:14: World Rankings
- 11/05/18--07:13: Eurogroup calls on Italy to redraft its public spending budget
- 11/05/18--07:11: EU economy chief seeks support in spat with Italy on budget
- 11/05/18--07:55: Mertens future hint involves free agency and China
- 11/05/18--07:51: Top Mourinho target closing in on new contract in Italy
- 11/05/18--08:02: Death Toll In Italy Flooding Continues To Rise
- 11/05/18--07:49: US allows India, China, 6 others to buy Iranian oil
- 11/05/18--08:27: Death Toll From Severe Storms in South Italy Rises to 32 – Reports
- 11/05/18--08:34: Euro finance ministers take hard look at Italian budget
(CNN)With the deaths of 12 people in Sicily, the death toll in Italy's historic flooding has grown to 29, the country's interior minister said. "Twelve dead in Sicily, people that were having dinner and were swept up by the water," Interior Minister Matteo Salvini said in a statement to the press in the northern region of Veneto. High winds and heavy rain have devastated parts of the country over the past week, causing the worst flooding in at least a decade in Venice, damages of more than 1 billion euros ($1.14 billion) in Veneto and landslides that have cut off villages, authorities said. The situation in Sicily is "dramatic," Prime Minister Giuseppe Conte said Sunday. Italy's Civil...
Reported by WorldNews 16 minutes ago.
Additional nine people - from two families - die in Sicily after river bursts banks
Reported by Independent 1 hour ago.
The utility player, who has won 116 caps, was drafted in as a replacement for the injured Reece Hodge for three tests against Wales, Italy and England this month and although it is more than two years since his last international, the 34-year-old has not given up on playing at a fourth World Cup.
Reported by SBS 2 hours ago.
Nov 5 (OPTA) - The World Rankings on Nov 4 Rnk Prv Total 1. (2) Justin Rose (England) 493.91 2. (1) Brooks Koepka (US) 460.71 3. (3) Dustin Johnson (US) 420.52 4. (4) Justin Thomas (US) 436.80 5. (6) Bryson DeChambeau (US) 385.80 6. (5) Rory McIlroy (Northern Ireland) 286.74 7. (7) Francesco Molinari (Italy) 337.63 8. (8) Jon Rahm (Spain)
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Reported by FT.com 2 hours ago.
BRUSSELS (AP) — The European Commission's top economic official says he hopes to win backing from national finance ministers for its rejection of Italy's draft budget plan.The Commission supervises EU countries' budget policies...
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The Napoli striker has suggested that he could head to Asia in the summer of 2020 when his current contract in Italy comes to a close
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Nicholas Scalabrino, 28, from Dubai can be seen flying through the air of Lake Garda, Italy, wearing just the suit.
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Inter Milan have made significant progress in their contract extension talks with defender Milan Skriniar, according to a report.
The post Top Mourinho target closing in on new contract in Italy appeared first on teamtalk.com. Reported by Team Talk 1 hour ago.
Watch VideoFlooding in Italy has killed at least 29 people.
At least 12 people died in Sicily in flood-related incidents.
The country has been battered by heavy rain and high winds since last week, causing dangerous landslides and flooding. CNN reports the damage has surpassed $1.14 billion in the Veneto region alone.
Al Jazeera reports at least six regions are still on high alert.
Italy's President Sergio Mattarella called the weather devastating. He said soldiers are helping with the search and rescue operation. Reported by Newsy 1 hour ago.
Italy, Greece, South Korea, Taiwan and Turkey also figure in the list released by Pompeo, who said over 20 countries have cut their oil imports from Iran, reducing purchases by more than one million barrels per day.
Reported by Rediff.com 1 hour ago.
Dublin, Nov. 05, 2018 (GLOBE NEWSWIRE) -- The "The World Market for Veterinary Diagnostics" report has been added to *ResearchAndMarkets.com's* offering.The World Market for Veterinary Diagnostics tracks the global veterinary diagnostics market through the performance of its two constituent markets of companion animal and food animal diagnostics.
Veterinary diagnostics represents a relatively fast-growing market opportunity to in vitro diagnostic (IVD) companies and others able to capitalize on the unfailing need to ensure agricultural productivity and the growth in consumer spending on companion animals. In the next five years, the global veterinary diagnostics market is expected to grow and low barriers to market entry coupled with a lack of insurmountable competition makes superior rates of growth in certain segments of the veterinary diagnostics market realizable for a broad range of companies.
*The Companion Animal Diagnostics Market*
The companion animal diagnostics market includes IVD products - instruments, consumables, test reagents and test kits - for the diagnosis of disease and health conditions in household pets (primarily dogs and cats) as well as horses. Market performance is determined by diagnostic product demand from veterinary clinics, hospitals, reference labs, and governmental and research laboratories such as those found at universities and associated with government agricultural and animal health authorities. Test products performed by pet owners - such as pet blood glucose meters and strips, pregnancy and ovulation tests, and urinalysis strips and cups - are also included in the companion animal diagnostics market.*The report provides the following market data points:*
· Global Companion Animal Diagnostic Testing Market, 2016-2023 (in millions $ at manufacturer level)
· Veterinary Companion Diagnostics Market Segmentation 2018 (Clinical Chemistry, Infectious disease, Hematology, Other Analyzers, Non-infect Immunodiagnostics, Molecular, Other Testing, Total) ($million; %)
· Market Size and Growth for United States Companion Animal Diagnostic Testing Market, 2018-2023 ($millions)
· Selected European Countries Companion Pet Population (Germany, France, UK, Italy, Poland, Spain, Romania) (Dog, cat; millions) 2015
· Market Size and Growth for European Companion Animal Diagnostics Testing Market, 2018-2023 ($millions)
· Market Size and Growth for Asia Pacific Companion Animal Diagnostic Testing Market, 2018-2023 ($millions)
· Asia Pacific Companion Animal Diagnostic Testing by Country Percent 2018 (Japan, Philippines, China, India, Others)
· Market Size and Growth for Rest of World Companion Animal Diagnostic Testing Market, 2018-2023 ($millions)
· RoW Companion Animal Diagnostic Testing by Country Percent 2018 (Canada, Australia, Brazil, Mexico, Others)
*The Food Animal Diagnostics Market*
The food animal diagnostics market includes in-vitro diagnostics products for disease diagnosis in livestock and production animals, commonly cattle, sheep, goats, rams, pigs, and poultry. The report scope also includes diagnostic testing on wildlife populations such as fowl, buffalo, deer, elk, moose and boar that are capable of transmitting diseases to human or food animal populations. Most food animal diagnostic products are used by reference laboratories and their veterinary staffs.*The report provides the following market data points:*
· Global Food Animal Diagnostic Testing Market, 2016-2023 (in millions $ at manufacturer level)
· Veterinary Food Animal Diagnostics Testing Market Segmentation 2018 (Immunodiagnostic Test Kits, Molecular Diagnostics, Clinical Chemistry, Other Infectious Disease Test Reagents, Total)
· Market Size and Growth for European Food Animal Diagnostics Testing Market, 2018-2023 ($millions)
· European Food Animal Diagnostic Testing by Country Percent (%) 2018 (France, Germany, Spain, UK, Italy, E Europe, Others)
· Market Size and Growth for United States Food Animal Diagnostic Testing Market, 2018-2023 ($millions)
· Market Size and Growth for Asia Pacific Food Animal Diagnostic Testing Market, 2018-2023 ($millions)
· Asia Pacific Food Animal Diagnostic Testing by Country Percent (%) 2018 (Japan, Australia, China, India, Others)
· Market Size and Growth for Rest of World Food Animal Diagnostic Testing Market, 2018-2023 ($millions)
· RoW Food Animal Diagnostic Testing by Country Percent (%) 2018 (Canada, Brazil, Mexico, Others)
*Total Global Market Analysis and Competitive Market Shares*
Veterinary diagnostics comprehensively support animal health through
· Routine testing of companion animals during clinical visits or check-ups;
· Diagnosis of disease in symptomatic companion animals;
· Zoonotic disease surveillance in wildlife populations;
· Disease screening and confirmatory testing in livestock and production animals as part of disease control efforts.
Companies enter the veterinary diagnostics market through acquisitions, product development, and licensing or original equipment manufacturer (OEM) agreements. The World Market for Veterinary Diagnostics supplies total global market analysis and competitive market shares, examining major veterinary disease markets as well as overall market performance and development.*Data points provided include:*
· Total Global Animal Diagnostic Testing Market, 2016-2023 (in millions $ at manufacturer level)
· Global Veterinary Diagnostic Testing Market Share by Region (%) 2018 (US, Europe, Asia Pacific, RoW)
· Food Animal Diagnostics Market by Infectious Disease (Bovine Viral Diarrhea [BVD], Classical Swine Fever [CSF], Enzootic Bovine Leukosis [EBL], Infectious Bovine Tracheitis [IBR], Porcine Coronavirus Diseases [PEDv, PDCoV, TGE], Porcine Reproductive and Respiratory Syndrome [PRRS], Pseudorabies/Aujeszky's, Transmissible Spongiform Encephalopathies [TSEs], Other) (% and $ millions) 2018
The competitive landscape of the veterinary diagnostics market includes numerous large and small companies that vary widely in terms of market participation (or degree of dedication or dependence on veterinary diagnostics), technology platforms, and product offerings. The clear-cut leader in veterinary diagnostics is IDEXX Laboratories.
*Key Topics Covered:**1. Executive Summary*
· Veterinary Diagnostic Technologies and Products
· Size and Growth of the Market
· Scope and Methodology
· Competitive Landscape
*2. Veterinary Diagnostic Products*
· Diagnostic Methods
· Molecular Tests
· Clinical Chemistry
· Major Veterinary Diseases
· Leading Licensed Tests
*3. Companion Animal Diagnostics Market*
· Market Size and Growth
· Market Factors
· Veterinary Visits and Laboratory Requisitions
· Long-Term Trends in Companion Animal Healthcare
· End User Markets
*4. Food Animal Diagnostics Market*
· Market Size and Growth
· Market Factors
· Transmissible Spongiform Encephalopathy (TSE) Testing Worldwide
· Food Animal Diagnostics in an Age of Globalization
· End User Markets
*5. Total Global Market Analysis and Competitive Market Shares*
· Major Veterinary Diseases
· Market Performance and Development
· Market Factors
· New Entrants
· Medical Diagnostics
· Technological Advancements
· Transgenic Technology
· Mobile Veterinary Startups
· Major Findings
· Competitive Analysis
*6. Company Profiles*· Abaxis, Inc.
· Agrolabo S.p.A.
· Bio-X Diagnostics S. A.
· Eurolyser Diagnostica
· Henry Schein, Inc
· Heska Corporation
· Indical Bioscience GmbH
· Megacor Diagnostik GmbH
· Neogen Corporation
· Qiagen N.V.
· Randox Laboratories - US Ltd.
· Thermo Fisher Scientific, Inc
· URIT Medical Electronic Group Co, Ltd
· Virbac Corporation
· Zoetis Inc
For more information about this report visit https://www.researchandmarkets.com/research/kr6jmf/world_market_for?w=12
Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Animal Healthcare/Veterinary Reported by GlobeNewswire 1 hour ago.
The evolution of medical device regulation and litigation will be explored in this innovative presentation and panel discussion.
CYPRESS, Calif. (PRWEB) November 05, 2018
AAGL (American Association of Gynecologic Laparoscopists) is excited to announce that it will present its first “Late Breaking News” session during the upcoming 47th Annual Global Congress on Minimally Invasive Gynecologic Surgery (MIGS), November 11-15, 2018 at the MGM Grand Hotel and Convention Center in Las Vegas, Nevada. This session is titled “Where Have All the Devices Gone? Presentation and Panel Discussion: The Evolution of Medical Device Regulation and Litigation,” and will be presented in a special session on Thursday, November 15, 2018 at 7:00am – 9:00am in the Premier Ballroom. It will be followed by the annual Congress’s traditional final General Session of live surgeries broadcast from operating rooms all over the world into the ballroom in high definition via cutting edge telesurgery technology. This year’s international surgical presentations will be performed in Italy, Switzerland, Australia, and Japan, with an additional surgical presentation in Massachusetts.
The “Late Breaking News” session will focus on the “ever-increasing scrutiny” that medical devices, especially those developed for use in the treatment of women’s health, have become subject to in recent years. The session aims to explore the “development of medical device regulation and litigation, starting with the silicone breast implant saga to present day controversies including uterine power morcellators, pelvic floor mesh, the Essure™ device and vaginal rejuvenation.” Panel members will additionally discuss the “impact of traditional and social media on public perception, regulation, and litigation” and how this has potentially created media bias. Further in the area of medical device product liability, the session will aim to explain the “emergence of third-party funding and its effect on mass tort/product liability litigation,” and will look to scrutinize the “disparity between science and the law.” The session will feature lectures on the above topics by panel members and will conclude with a panel discussion titled “Where Do We Go from Here” that will explore the role of the surgeon, the medical device industry, the FDA, the media, professional medical societies and litigators, and a question and answer session.
The addition of this “Late Breaking News” session shows AAGL’s commitment to bringing its members the most current developments in the field of women’s health and minimally invasive gynecologic surgery. The panel members will be comprised of physicians from across the country: Dr. Amy Brown and Dr. Bruce Kahn from San Diego, California; Dr. Stacey Scheib from New Orleans, Louisiana; and Dr. Eric Sokol from Stanford, California; and attorney Christopher Campbell, a partner at DLA Piper in Atlanta, Georgia.
“Medical devices used in women’s health are under increasing medico-legal scrutiny and several devices are subject to increasing regulatory oversight or have been/are being removed from the market,” says Dr. Dr. Marie Fidela R. Paraiso, FACOG, FPMRS, the AAGL’s 2018 Scientific Program Committee Chair and Vice President of the AAGL Board of Directors. “Our expert panel will explore this controversy from several perspectives, highlighting recent events and where the future may lie.”
AAGL’s congress is the premier scientific conference for gynecologic surgeons from around the world, offering the latest education and best practices in MIGS. This year the congress is expected to welcome over 2,000 physicians, both domestic and international, for the collegial 5-day gathering, which features 2 days of postgraduate (PG) courses offering CME (continuing medical education) credits and 3 days of high-quality, evidence-based presentations in both CME and non-CME sessions. Additionally, almost 80 companies will be exhibiting, and 1,000 industry representatives and executives will be in attendance, as the AAGL global congress is the ideal conference for medical device and technology innovation and product launches.
About the AAGL:
The AAGL (http://www.aagl.org) is the first and one of the largest organizations in the world dedicated to gynecologic endoscopic surgery. Founded in 1971, AAGL works to advance the safest and most efficacious diagnostic and therapeutic techniques that afford less invasive treatments for gynecologic conditions through the integration of clinical practice, research, and innovation. For the past 47 years, the organization has educated the world’s finest surgeons while improving the lives of women everywhere. For more information visit http://www.aagl.org. Reported by PRWeb 1 hour ago.
Latest edition of biennial jewellery design competition celebrates heroines and heritage; the competition open to Canada participants for the first time
GABORONE, BOTSWANA, Nov. 05, 2018 (GLOBE NEWSWIRE) -- The De Beers Group Designers Initiative invites jewellery designers to participate in the 2018/2019 Shining Light Awards.
The competition has existed for over 22 years in South Africa; almost 10 years in Botswana and Namibia and has been launched this year in Canada. It is open to jewellery designers in the four countries in which De Beers Group mines diamonds.
The theme for 2018/2019 ‘*Heroines and Heritage’* includes feminine elements that speak to women, that evoke national pride as well as symbols of strength, heritage, wisdom and beauty.
“The Shining Light Awards have proven to be a valuable design platform to showcase talent and open opportunities for young people within the diamond sector and international markets. This is in-line with De Beers Group objectives on beneficiation through skills development of the youth,” said Stephen Lussier, Executive Vice President at De Beers Group and CEO of Forevermark.
Pat Dambe, Vice-President of Corporate Affairs and Government Relations, De Beers Global Sightholder Sales said: “We have just concluded roadshows to all the four De Beers Group producer countries, where we visited various Universities to present to design students on the project and how they can become part of it. Reception has been great. Over the years, we have seen high quality submissions and we anticipate that this year the response will be even greater. The De Beers Designers Initiative has created the opportunity for the Shining Light Awards winners to attend the Faculty of Design at Milan Polytechnic as part of the company’s youth beneficiation strategy. “We are very happy to have taken this forward into a scholarship programme to include Batswana, Namibians, South Africans and Canadian participants with aspirations to participate in the downstream of the diamond industry,” said Dambe.
Winners of the Shining Light Awards will participate in a 12-month apprenticeship programme in Milan, Italy and runners-up will win a 3-month internship program at Forevermark or a design programme at a local design school.
“Over the years, we have seen how the Shining Light Awards have presented students with a great opportunity to develop their skills in jewellery manufacturing. We are looking forward to seeing the journey they take in interpreting the theme and bringing it to life. It is most gratifying that as a result of this competition, we will now see winners enrolled through the Forevermark Design School in Milan, signifying the growth of the programme since inception” said Constantino Papadimitriou, Head of Brand Strategy and Innovation at De Beers Forevermark.
Entries are now open and will close on Thursday, 31 January 2019.
CONTACT: Tom Ormsby
De Beers Canada
403 930 0991 ext. 2703
firstname.lastname@example.org Reported by GlobeNewswire 1 hour ago.
Deputy Prime Minister Matteo Salvini said Italy 'will never kneel again' over plans to increase the country's deficit by three times it's current amount. He faces unprecedented EU fines over the budget.
Reported by MailOnline 51 minutes ago.
Italy's real-life soap opera, the relationship between Deputy Prime Minister Matteo Salvini and television star Elisa Isoardi, reached its last episode on Monday when she said goodbye by posting a selfie of them in bed.
Reported by Reuters India 16 minutes ago.
Reported by RIA Nov. 46 minutes ago.
PRESS RELEASE 5 NOVEMBER 2018
*Italeaf: the Board of Directors of TerniEnergia approved the results as at September 30, 2018*
· *Revenues equal to Euro 15.7 million, -20.1% (Euro 19.6 million as at 30/09/2017)**
· *EBITDA equal to Euro 1.4 million (Euro 0.04 million as at 30/09/2017)* with Ebitda Margin at 8.72%.*
· *EBIT equal to Euro -1.75 million, +54.7% (Euro -3.9 million as at 30/09/2017)*, Result before taxes (EBT) equal to Euro -4.9 million, +31.5% (Euro -7.2 million as at 30/09/2017)**
· *Net result equal to Euro -4 million, +50.4% (Euro -8.1 million as at 30/9/2017)**
· *Net Financial Position of Euro 59.85 million (Euro 89.8 million as at 31/12/2017)*
· *Net equity equal to Euro 18.7 million (Euro 21 million as at 31/12/2017) *
· *The BoD takes note of the appointment of Massimo Mannori as general manager of Softeco*
The Board of Directors of TerniEnergia, a smart company listed on the Italian Stock Exchange (MTA) and part of the Italeaf Group, approved today the Interim Financial Report as at September 30, 2018.
*(*) *The income statement figures for the third quarter of 2017 have been restated in accordance with IFRS 5, taking into account the classification of the results of discontinued operations - in accordance with the Recovery and relaunch plan approved by the Board of Directors on 25 October 2018 - as "held for sale" or discontinued operations, in order to provide consistent information on discontinued operations or those in the process of being disposed.
It should be noted that the aforementioned Plan provides for the disposal of the photovoltaic and Clean Tech activities currently held by the Group. In particular, the sale of a controlling stakes in the EPC and O&M business units (aimed at the construction and maintenance of photovoltaic plants, with the exclusion of the companies operating in South Africa) and the sale of photovoltaic power generation plants (held directly and indirectly through SPV), the sale of ELT treatment and recovery plants (end-of-life tyres), liquid waste purification plants at Nera Montoro, the biodigester at Nera Montoro, the one under construction at Calimera and the virgin wood pyrogasification plant at Borgosesia, the sale of financial assets relating to energy efficiency.
Further informations are provided in the Notes.
*CONSOLIDATED RESULTS AS AT SEPTEMBER 30, 2018*
*Revenues *amounted to Euro 15.7 million (Euro 19.6 million as at 30/9/2017; -20.1%). EBITDA reached Euro 1.4 million, a significant improvement compared to September 30, 2017 (Euro 0.04 million), with *Ebitda Margin* equal to 8.72%. The main contributions to the operating results for the quarter were the business of Softeco Sismat and the O&M activities carried out in South Africa.
*The Net Operating Result (EBIT)* is equal to Euro -1.75 million, with a loss in decrease of 54.7% (Euro -3.9 million as at 30 September 2017), after amortisation, depreciation, provisions and write-downs of approximately Euro 3.1 million. *Profit before taxes (EBT)* also improved of 31.5% to Euro -4.9 million (Euro -7.2 million at 30/9/2017).
The *Net result* is equal to Euro -4 million, compared to Euro -8.1 million as at 30 September 2017 (+50.4%).
The *Net Financial Position* amounted to Euro 59.85 million (a significant reduction compared to Euro 89.8 million at 31/12/2017) due to the application of IFRS 5, which led to the reclassification of net financial indebtedness for approximately Euro 34 million.
*Shareholders' Equity* is equal to Euro 18.7 million (Euro 21 million at 31/12/2017), and also takes into account treasury shares held in portfolio, which amount to No. 1,012,998 (2.15% of the share capital).
*Assets held for sale*
It should be noted that the engineering, procurement and construction of photovoltaic plants (EPC), the Group's core business until the decision to start the transition to the new configuration of smart companies, the O&M (maintenance) of photovoltaic plants and the renewable energy power generation, the development and management of environmental plants (Cleantech) and the financial assets relating to energy efficiency projects already carried out were classified as "*held for sale disposal*" or discontinued operations, in accordance with the international accounting standard IFRS 5 for a total amount of Euro 138.7 million, together with corresponding liabilities of Euro 76.5 million, with a decrease compared to the corresponding figure as at 30 June 2018, equal respectively to Euro 169.3 million and Euro 106.2 million as a result of the sale to Sonnedix San Giorgio of n. 10 photovoltaic plants in Italy with a total installed capacity of 11 MW, prevoius fully owned by the TerniEnergia Group.
The net result for the period relating to this item was a loss of Euro 40 thousand, due to personnel costs and attributable to the EPC business unit being sold, as provided for in the Recovery and Relaunch Plan. In particular, the EPC business unit remained substantially inactive during the period, with the exclusion of the activities relating to the contract in Tunisia, due to the strategic transformation of the company and pending the conclusion of the disposal processes. The planned disposals are operations aimed at supporting the industrial turnaround project, as provided for in the Recovery and Relaunch Plan approved by the Board of Directors on 25 October 2018.
*SIGNIFICANT EVENTS SUBSEQUENT TO THE END OF THE PERIOD*
*Trade union agreement signed for the renewal of social security nets*
*On October 1, 2018, *TerniEnergia, announced that it had signed at the Ministry of Labour and Social Policy, in the presence of representatives of the Ministry of Economic Development and Arpal Umbria, the agreement with trade unions and institutions for the continuation of the management of social security, activated during 2017 following the withdrawal of the procedure of collective dismissal. In fact, the company has requested recourse to active labour policies aimed at implementing the Group's employment recovery plan for a period of one year and for 50 employees, using rotation criteria.
*The BoD approved the 2018-2022 Recovery and relaunch plan and the related financial package *
*On 25 October 2018*, TerniEnergia approved the main contents of a Recovery and relaunch plan, aimed at restoring the financial and equity balance of the Company in the long term, the reasonableness of which must be certified by a professional pursuant to Article 67, paragraph 3, letter d) r.d. 267/42 for the period 2018-2022. Planned measures for the disposal of assets, the merger by incorporation of Softeco into TerniEnergia by 2019 to complete the process of industrial turnaround, a financial package for debt rescheduling, the continuation of negotiations with the main creditors. The meeting of the bondholders of the "TerniEnergia Euro 25,000,000.00 Notes due 2019" bond loan has been called to approve participation in the recovery and relaunch plan.
*Arbitrary exclusion from Ecopneus tenders for the shredding of ELTs, consequent actions *
*On 31 October 2018*, TerniEnergia, announced that it had received from Ecopneus news of exclusion from tenders with electronic negotiation for the shredding of ELTs for the period 2019-2021. TerniEnergia will take every initiative in court to protect itself, will take legal action to restore its rights and for any compensation for damages suffered and to be suffered and, even before, will turn to the European Commissioner for Competition and the Authority for Competition and the Market.
*BUSINESS CONTINUITY AND BUSINESS OUTLOOK*
*Recovery and relaunch plan*
In the coming months, the Group will be committed to implementing the Recovery and Relaunch Plan, aimed at pursuing, in the medium term, the transformation of the Company into a smart company and the overcoming of the current financial tension of the Group. The Plan is based on:
· a plan to divest the assets relating to the construction and sale of photovoltaic plants and the management of plants for the production of energy from alternative sources, which until now have been the core business of the group, as well as those relating to the CleanTech Business Unit, with the simultaneous refocusing on the sector of "digital energy";
· the merger by incorporation of Softeco Sismat Srl into TerniEnergia, to be completed by the end of 2019 following the outcome of the disposal programme, to facilitate entry into the hi-tech and digital sector;
· a financial package which, in addition to providing for debt restructuring and rescheduling, is based, alternatively: (a) on a principle of "pari passu" distribution, between financial institutions and bondholders, of the proceeds deriving from the disposal of the above assets without recourse to the hypothesis of cancellation of the credit ("Pari-Passu Maneuver"); or (b) on a different principle of distribution between financial institutions and bondholders of the proceeds deriving from the disposals, with payments in full and in part and waivers of the credit by the banking class, without intervening on the amounts of the credits claimed by bondholders (the "Balance and Withdrawal Maneuver").
For details of the Plan, approved by the company's Board of Directors on 25 October 2018, reference should be made to the press release issued on the same date.
TerniEnergia is assisted by KPMG Advisory SpA as financial advisor in drawing up the above mentioned Plan.
The Company will provide timely information on the development of the Recovery and relaunch plan that has been launched.
*Additional Information Required by Consob Pursuant to Article 114 of Legislative Decree No. 58/98 (TUF)*
Please refer to the press release issued on 31 October 2018.
*The main changes in transactions with related parties of this company and its Group compared to the last annual or half-yearly financial report approved pursuant to Article 154-ter of the Consolidated Law on Finance.*
There have been no significant changes in transactions with related parties of the Company and the Group since the last approved half-yearly report.
*Any failure to comply with the covenants, negative pledges or any other clause of the Group's indebtedness that entails limits to the use of financial resources, with an indication at the updated date of the degree of compliance with said clauses.*
Please note that, as at of December 31, 2017 and as at 30 June 2018, certain covenants of the bond issue had not been met. The financial covenants that were not met are as follows to be calculated on the consolidated financial statements:
· Interest Coverage Ratio: equal to or greater than 2.5;
· Net Financial Position Corporate/EBITDA: equal to or less than 3.25;
· Net Financial Position/EBITDA: equal to or less than 5.
The bond regulations also provide for other non-financial covenants, specifically the "Cross default of the Issuer", i.e. the non-payment by the Company of any bond for an amount exceeding Euro 3 million.
Failure to comply with the abovementioned covenants represents an event of default, with the result that the absolute majority of bondholders may have the right to early repayment of the bond issue, which matures naturally in February 2019.
It should be noted that the loan taken out with the Banca del Mezzogiorno includes a number of financial covenants that had not been met at the end of the 2107 financial year and as at 30 June 2018. The covenants to be calculated on the consolidated financial statements are set out below:
· NFP Corporate/Net Equity: less than or equal to 1.1;
· NFP/BITDA: less than or equal to 6.5.
Lastly, for some medium term leases and loans, the bank or leasing company has the right to request early termination of the contract, since the Company has not paid any instalments during the last quarter of 2017 and during 2018. It should be noted that none of the banks or leasing institutes has so far activated the right to terminate the contract early and request the early repayment of the loan. These loans and leasing were reclassified to the current NFP as at 31 December 2017 and as at 30 September 2018.
*Other resolutions of the Board of Directors *
The Board of Directors of TerniEnergia has noted the appointment of Massimo Mannori as General Manager of Softeco, a digital company of the Group, 100% controlled by the company. For further information, please refer to the press release issued today by the Company.
*Declaration pursuant to Article 154-bis, paragraph two, of the Consolidated Finance Act*
The Officer responsible for the preparation of the corporate accounting documents, Mr Filippo Calisti, declares, pursuant to paragraph 2, art. 154-bis of the Consolidated Financial Act, that the accounting information that is contained in this press release correspond to the documentary results, the accounting books and records.
*Deposit of documents*
We inform you that the Interim Financial Report as at September 30, 2018 of the TerniEnergia Group, approved by the Board of Directors of TerniEnergia S.p.A. today, will be made available to the public, together with the report of the independent auditors, in the manner and terms provided by current legislation.
*TERNIENERGIA (TER. MI)*, established in September 2005 and part of the Italeaf Group, is the first Italian global technological enabler, committed to bringing energy solutions and efficient recovery of integrated and sustainable resources to the world. Organized into two strategic business lines (Assets and Smart solutions and services), with about 300 employees and a geographical presence worldwide, with operative and commercial offices, TerniEnergia develops innovative solutions, products and services based on digital and industrial technologies for the energy supply chain, grids, smart mobility, industrial automation and the recovery of marginal resources.
TerniEnergia, also through its subsidiaries (Softeco Sismat, Greenled Industry, GreenAsm, GreenAsm, Purify, Wisave, Ant Energy), pursues the objectives of increasing energy production from renewable sources, saving energy and reducing emissions and actively participates in the energy revolution of distributed power generation and smart grids, with innovative digital solutions.
TerniEnergia is the ideal partner for large utilities, distribution operators and network operators, energy producers, public administrations, industrial customers and investors who intend to realize large projects for the production of renewable energy, modern systems and plants with high energy efficiency, solutions for the management and maintenance of infrastructure and electrical installations.
TerniEnergia has completed its transformation from a leader in the international photovoltaic market into a smart energy company and technological enabler for the sustainable use of resources through a complete commercial offer of solutions, the development and supply of digital technologies and the creation of "intelligent" services and solutions aimed at public and private customers in emerging sectors.
TerniEnergia is listed on the MTA of Borsa Italiana.
This press release is also available on the Company website: www.italeaf.com
Italeaf SpA is obliged to make public this information pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 16.30 CET on 5 November 2018.
Mangold Fondkommission AB, +46 (0)8 5030 1550, is the Certified Adviser of Italeaf SpA on Nasdaq First North.
*For further information please contact:** *
CFO - Italeaf S.p.A.
*Italeaf SpA, *established in December 2010, is a holding company and a business accelerator for companies and startups in the areas of innovation and cleantech. Italeaf operates as a company builder, promoting the creation and development of industrial startups in the fields of cleantech, smart energy and technological innovation. Italeaf has headquarters and plants in Italy at Nera Montoro (Narni), Terni, Milano and Lecce; has international offices in London and Hong Kong.
The company controls the smart energy company TerniEnergia, listed on the MTA of the Italian Stock Exchange, Skyrobotic, active in the business development and manufacture of civil and commercial drones in mini and micro classes for the professional market, Numanova, operating in the field of innovative metallurgy and additive manufacturing, and Italeaf RE, a real estate company. Italeaf holds, among others, a minority stake in Vitruviano LAB, a research center active in the R&D sector for special materials, green chemistry, digital transformation and cleantech.
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Dublin, Nov. 05, 2018 (GLOBE NEWSWIRE) -- The "Flat Glass Coatings Market Size, Share & Trends Analysis Report By Resin (PU, Epoxy), By Technology (Water, Solvent), By Application (Solar, Automotive & Transportation), And Segment Forecasts, 2018 - 2025" report has been added to *ResearchAndMarkets.com's* offering.
The global flat glass coatings market size is expected to reach USD 4.48 billion by 2025 and is anticipated to register a 20.2% CAGR over the forecast period.
Massive demand for mirror and glass facades from commercial and residential sectors coupled with adoption from automotive and transportation sector is likely to drive demand over the forecast period.
Rising adoption of solar installations along with demand for environment-friendly renewable sources of energy are anticipated to drive demand for solar panels, augmenting flat glass coatings market. Moreover, rising awareness for energy conservation, self-sufficiency, and favorable government regulations are anticipated to further drive demand from architectural applications over the years to come. Countries such as Italy, U.K., U.S., Japan, China, India, and Germany featuring unilateral legislations to the Kyoto Protocol, aimed at reducing the greenhouse gas (GHG) emissions is also anticipated to promote market growth.
Water-based technology is anticipated to maintain its dominance in terms of market share over the forecast period. Wide usage owing to its high strength and premium quality is anticipated to be the primary driving factor for this segment. Overall performance of coating primarily depends on utilization of raw materials such as pigments, resins, and additives. However, nano-based technology is expected to ascend at a promising rate in near future on account of growing preferences for advanced materials in the manufacturing industry.
Growing need for utilization of sustainable energy, reduction in carbon footprint, and favorable government policies targeted at reducing consumption of fossil fuel are likely to propel growth of the solar power sector. Solar module industry is anticipated to register major demand for flat glass coatings in solar projects.
*Further key findings from the report suggest:*
· Asia Pacific was the dominant regional segment and is expected to register the fastest volume-based CAGR of 19.9% over the forecast period. Rising infrastructural investments and favorable regulations are the major regional market drivers
· China was the leading player on account of its burgeoning automobile industry, coupled with massive infrastructural investments targeted to meet needs from residential sector
· Epoxy resins held a considerable revenue share on account of its unique properties such as mechanical strength, high thermal stability, electrical and heat resistance, adhesion, and mechanical resistance
· Key participants in the global flat glass coatings market include Arkema Inc., Fenzi Spa, Ferro Corporation, Hesse Gmbh & Co. Kg, The Sherwin-Williams Company, and Vitro, S.A.B. de C.V
· In October 2016, Vitro, S.A.B. de C.V decided to expand its coating production capability along with the construction of MSVD glass coater. These coaters are utilized to produce low emissive, and performance and energy efficient glass.
*Key Topics Covered:*
*Chapter 1 Methodology And Scope*
1.1 Research Methodology
1.2 Research Scope And Assumptions
1.3 List To Data Sources
1.4 List Of Abbreviations
*Chapter 2 Executive Summary*
2.1 Market Summary
*Chapter 3 Market Variables, Trends & Scope*
3.1 Market Segmentation
3.2 Flat Glass Coatings Market Dynamics
3.3 Market Driver Analysis
3.3.1 Growing Demand From End-User Industries
3.3.2 Rising Need For Energy Efficient Structures
3.4 Market Restraint Analysis
3.4.1 Raw Material Price Volatility
3.5 Market Opportunity Assessment
3.5.1 Growing Demand For Energy Efficient Structures
3.6 Value Chain Analysis
3.7 Regulatory Analysis
3.7.1 Regulatory Landscape
3.7.2 List Of Factors/Regulations, By Country
18.104.22.168 Regulation (Ec) No 1272/2008 On Classification, Labelling And Packaging Of Substances And Mixtures
22.214.171.124 Regulation (Ec) No 1907/2006 - Reach
126.96.36.199 Osha Hazard Communication Standard
3.8 Pestle Analysis
3.9 Porter's Analysis
3.10 Competitive & Vendor Landscape
3.10.1 Participation Categorization
3.10.3 Market Leader
3.11 Strategic Initiatives & Outcome Analysis
3.12 List Of Key Companies By Region
*Chapter 4 Flat Glass Coatings Market: Resin Estimates & Trend Analysis*
4.1 Flat Glass Coatings Market: Resin Movement Analysis
4.2 Polyurethane (Pu)
*Chapter 5 Flat Glass Coatings Market: Technology Estimates & Trend Analysis*
5.1 Flat Glass Coatings Market: Technology Movement Analysis
*Chapter 6 Flat Glass Coatings Market: Application Estimates & Trend Analysis*
6.1 Flat Glass Coatings Market: Application Movement Analysis
6.2 Solar Power
6.5 Automotive & Transportation
*Chapter 7 Flat Glass Coatings Market: Regional Estimates & Trendanalysis*
7.1 Flat Glass Coatings Market: Region Movement Analysis
*Chapter 8 Company Profiles*· Arkema Inc.
· Fenzi Spa
· Ferro Corporation
· Hesse Gmbh & Co. Kg
· The Sherwin-Williams Company
· Vitro S.A.B. De C.V
· Nippon Paint Holdings Co., Ltd
· Bee Cool Glass Coatings
· Yantai Jialong Nano Industry Co., Ltd
· Nanotech Coatings
· Unelko Corporation
· Apogee Enterprises, Inc
· Ppg Industries Inc.
For more information about this report visit https://www.researchandmarkets.com/research/dv4j37/global_flat_glass?w=12
Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.
Laura Wood, Senior Press Manager
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