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Archive for the ‘Life Extension’ Category

Amunix Expands its Board of Directors with the Appointment of Industry Veteran, Ciara Kennedy, Ph.D., MBA –

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SOUTH SAN FRANCISCO, Calif., May 13, 2021 (GLOBE NEWSWIRE) -- Amunix Pharmaceuticals, Inc. (Amunix), an immuno-oncology company leveraging its proprietary, clinically validated Pro-XTEN technology platform to discover and develop transformative T cell engagers and cytokine therapies for patients with cancer, today announced the appointment of Ciara Kennedy, Ph.D., M.B.A. to its board of directors. Dr. Kennedy brings to Amunix a wealth of strategic and operational experience across multiple therapeutic areas and stages of development in the biopharmaceutical industry.

We are excited to welcome Ciara, a leader in the biotech industry, to Amunix, said Angie You, chief executive officer of Amunix. Ciaras strategic, transactional and operational expertise will be invaluable as we plan to initiate a Phase 1/2 clinical trial for our lead program AMX-818, a masked HER2-targeted T cell engager, in early 2022 and transition into a clinical stage company. In addition, her visionary leadership will contribute to our strategic focus of building out our pipeline of masked T cell engagers and cytokines.

Dr. Kennedy added, I am delighted to join Amunixs board and am excited about the potential of its proprietary Pro-XTEN technology to harness the untapped potential of T-cell engagers and cytokines. I look forward to working closely with the experienced team as the company matures and grows its pipeline of promising therapeutics that has the potential to change the landscape of potent options for solid tumors.

Most recently, Dr. Kennedy was the President and Chief Executive Officer of Amplyx Pharmaceuticals, Inc., a clinical-stage company developing innovative drug therapies for debilitating and life-threatening diseases in patients with compromised immune systems, where she led the company through a successful acquisition by Pfizer Inc. Prior to Amplyx, she was chief operating officer of Lumena Pharmaceuticals Inc. where she oversaw operations including clinical development and helped lead its successful acquisition by Shire plc. Earlier in her career, Dr. Kennedy also held various roles at Cypress Bioscience, Inc. and Biogen Idec Ltd.. Dr. Kennedy has a strong track record of building companies through to later stages of clinical development with a unique breadth of experience across business development, finance, program management, and clinical/regulatory strategy.

In addition to Amunix, Dr. Kennedy is on the boards of Otonomy, Inc. and Aristea Therapeutics, Inc. She holds a Ph.D. from Queens University of Belfast, Northern Ireland and an M.B.A. from the Rady School of Management University of California, San Diego and B.S. from University of Cork, Ireland.

About Amunixs Pro-XTEN Technology

Amunixs Pro-XTEN technology aims to mitigate the toxicity of T cell engagers (TCEs) and cytokines by creating drugs that are preferentially activated in the tumor microenvironment, thus driving tumor cell killing while minimizing on-target, off-tumor toxicity that can damage healthy tissues and/or cause cytokine release syndrome. Amunixs Pro-XTEN technology leverages the intrinsically high protease activity in the tumor microenvironment to preferentially unmask and activate our drugs in the tumor microenvironment. The two proprietary components of this technology are as follows: 1) an XTEN Mask, a polypeptide that serves a dual purpose of acting as a universal spatial shield mask and providing half-life extension, and 2) a protease-cleavable linker which enables preferential unmasking and drug activation in the tumor microenvironment.

About Amunix Pharmaceuticals

Amunix Pharmaceuticals, based in South San Francisco, California, is an immuno-oncology company leveraging its proprietary, clinically validated Pro-XTEN technology platform to discover and develop transformative T cell engagers and cytokine therapies for patients with cancer. Amunix aims to expand the therapeutic index of TCEs and cytokines, which have demonstrated anti-tumor clinical activity, but have not realized their potential due to dose-limiting on-target, off-tumor toxicity. Amunix addresses this challenge by using its universal, protease-releasable masking technology, or Pro-XTEN, to create next generation, conditionally active T cell engagers, or XPATs, and cytokines, or XPACs, that are preferentially activated in tumors as compared to healthy tissues. Amunixs most advanced product candidate, AMX-818, is a masked HER2-targeted TCE for the treatment of HER2-expressing solid tumors, which is currently in IND-enabling studies. Along with other T cell engager programs, Amunix is also applying its proprietary masking technology to its first masked, protease-activated cytokine program, IL12-XPAC, which is in discovery stage.

For additional information about the company, please visit


Company Contact:Jen Herbach Director, Corporate

Media Contact:Sylvia

Investor Contact:Zeeshan MerchantChief Financial

Amunix Expands its Board of Directors with the Appointment of Industry Veteran, Ciara Kennedy, Ph.D., MBA -

Navigo Proteins and MDimune Enter into a Research Collaboration on Affilin-Mediated Targeting of Extracellular Vesicles – BioSpace

Solid tumor-specific scaffold protein ligands from Navigo combined with MDimunes BioDrone technology to create novel targeted extracellular vesicle-based therapeutics

Halle/Saale, Germany and Seoul, Korea, May 11th, 2021. Navigo Proteins, a protein engineering biotech company generating scaffold protein-based affinity ligands, and MDimune, a biotech company developing an innovative drug delivery platform based on exosome-like, nanosized cell-derived vesicles (CDVs), today announced a technology collaboration to achieve tissue-targeting of extracellular vesicles (EVs). The ongoing research combines Navigos target-binding Affilin molecules with MDimunes CDV technology, to enable Affilin-mediated delivery of CDVs specifically to solid tumor targets.

For the current collaboration, Navigo Proteins will contribute its existing solid tumor-specific Affilin molecules to decorate the surface of the exosome-like CDVs from MDimunes BioDrone technology, thereby pioneering next-generation, targeted extracellular vesicle-based therapeutics (See Figure 1).

Figure 1: Affilin-mediated tumor targeting of CDVs

Dr. Ulrich Haupts, Chief Scientific Officer of Navigo Proteins commented: We are looking forward to combining our selectivity-conferring Affilin molecules with MDimunes extracellular vesicles manufacturing platform, since this opens up an exciting new application for our scaffold protein-based Affilin molecules in the upcoming field of exosome-based therapeutics. The modular and highly engineerable Affilin technology can be a very attractive solution for the precise, targeted delivery of exosome-like vesicles, carrying different payloads to different target tissues.

Recently, we have invested significant efforts and resources to expedite effective steering of our vesicles, CDVs, to tumors or other resistant tissues. The current collaboration with Navigo Proteins is one of them highlighting our recent focus. Navigo Proteins demonstrated expertise in generating highly tissue-specific ligands will be key to enable this goal and ultimately build a foundation for our BioDrone platform technology, said Dr. Seung Wook Oh, Chief Scientific Officer of MDimune.

Affilin Affinity Ligands

Navigos Affilin molecules are target-specific, small, stable, highly engineerable, single-chain affinity ligands and are based on human Ubiquitin as a protein scaffold. Since Ubiquitin is an evolutionarily conserved natural human protein, also present in plasma, Affilin molecules have low immunogenic potential in humans and can also be directly used in various pre-clinical animal models.

Affilin molecules are currently being developed as antibody-alternatives in protein-drug conjugates, radio conjugates, CAR-T cell therapy, and as bi/multi-specific molecules by combining them with antibodies. With this collaboration, Navigo aims to extend the applicability of Affilin molecules to direct exosomes and extracellular vesicles to the target tissues of interest.

BioDrone Platform Technology

MDimunes BioDrone platform facilitates the production of CDVs, exosome-like, nanosized vesicles, in large quantities from various cell types by a proprietary extrusion method. CDVs are similar to exosomes in size, properties, and functions, but exhibit substantial advantages in yield that is more suitable for large-scale production and versatility to allow highly sophisticated engineering, starting from virtually any cell type. BioDrone technology is emerging as a highly versatile and scalable delivery system to address many human diseases, including cancer, neurodegeneration, and more.

While the current project is aimed at Affilin-CDV-mediated payload delivery to solid tumors, this technological advance will not only be limited to cancer but could be expanded to other tissues and diseases.

About Navigo Proteins GmbH

Navigo Proteins is a premier protein engineering company developing affinity ligands, based on its proprietary platform of selected, small, and stable, yet highly engineerable scaffold proteins. These ligands serve as target-binding proteins in biotherapeutic molecules (PRECISION TARGETING) or for commercial custom affinity purification of biologics (PRECISION CAPTURING).

Navigos PRECISION TARGETING unit creates proprietary Affilin molecules based on the human Ubiquitin scaffold a highly conserved, small (8.5kDa) and stable natural human protein. A major strength of the Precision Targeting toolbox is its modular engineerability. The target-specific Affilin molecules can be combined with a variety of carrier units for site-specific payload coupling as well as half-life extension moieties and function-conferring effector modules to convert them into different biopharmaceutical modalities. Navigos ligands are currently being developed as Affilin-drug conjugates, Affilin-radio conjugates, Affilin CAR-T cell therapy and can also be fused to antibodies to create robustly-to-produce bi-/multi-specific molecules (MabfilinTM/FabfilinTM).

For more information visit and follow Navigo Proteins on LinkedIn.

About MDimune Inc.

MDimune, a South Korean biotech founded in 2015, has been committed to the development and implementation of state-of-the-art BioDrone platform technology. BioDrone is an innovative technology that relies on human-sourced CDVs, nanosized vesicles obtained from various cells by using a proprietary extrusion method to achieve target-specific drug delivery. With superior productivity compared to exosomes, BioDrone is emerging as a highly versatile and scalable delivery system to combat diverse debilitating human diseases, including cancer, neurodegeneration, and rare diseases.

MDimune is expanding its global network to harness effective tissue targeting strategies to achieve highly tissue-specific delivery of various cargos such as miRNA, siRNA, mRNA, and proteins. The company envisions applying this novel BioDrone platform to address various needs of pharmaceutical clients who are looking for effective drug carriers.

For more information visit

Navigo Proteins Contact

Dr. Oliver Schub

Director Business Development

Tel.: +49 (0)345 27996330

MDimune Contact

Brin Choi

Manager, Business Development

Tel.: +82 (0)70+7826

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Navigo Proteins and MDimune Enter into a Research Collaboration on Affilin-Mediated Targeting of Extracellular Vesicles - BioSpace

Global Nuclear Plant Life Extension Market Insights 2021 Industry Overview, Competitive Players & Forecast 2027| Areva,CNNC,Rosatom,Westinghouse…

May 9, 2021 (Reports and Markets) Nuclear Plant Life Extension Market

Reports And Markets recently added a research report on the Nuclear Plant Life Extension Market, which represents a study for the period from 2021 to 2027. The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking the growth and opening doors for future growth in the coming years. Additionally, the report is built on the basis of the macro- and micro-economic factors and historical data that can influence the growth.

The report offers valuable insight into the Nuclear Plant Life Extension Market progress and approaches related to the Nuclear Plant Life Extension market with an analysis of each region. The report goes on to talk about the dominant aspects of the market and examine each segment.

Key Players: Areva,CNNC,Rosatom,Westinghouse Electric Company,CGN,Hitachi GE Nuclear Energy,Mitsubishi Heavy Industries,KHNP,Kansai Electric Power,Japan Atomic Power,Alstom,Hitachi

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The global Nuclear Plant Life Extension Market segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Nuclear Plant Life Extension market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2021-2027.

Market Segment by Regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Key Points of the Geographical Analysis:

Data and information related to the consumption rate in each region

The estimated increase in the consumption rate

The expected growth rate of the regional markets

Proposed growth of the market share of each region

Geographical contribution to market revenue

Research objectives:

To study and analyze the global Nuclear Plant Life Extension Market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2027.

To understand the structure of the Nuclear Plant Life Extension Market by identifying its various sub segments.

Focuses on the key global Nuclear Plant Life Extension players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Nuclear Plant Life Extension with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the size of Nuclear Plant Life Extension sub markets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.

Table of Contents: Nuclear Plant Life Extension Market

Chapter 1: Overview of Nuclear Plant Life Extension Market

Chapter 2: Global Market Status and Forecast by Regions

Chapter 3: Global Market Status and Forecast by Types

Chapter 4: Global Market Status and Forecast by Downstream Industry

Chapter 5: Market Driving Factor Analysis

Chapter 6: Market Competition Status by Major Manufacturers

Chapter 7: Major Manufacturers Introduction and Market Data

Chapter 8: Upstream and Downstream Market Analysis

Chapter 9: Cost and Gross Margin Analysis

Chapter 10: Marketing Status Analysis

Chapter 11: Market Report Conclusion

Chapter 12: Research Methodology and Reference

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Key questions answered in this report

What will the market size be in 2027 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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Global Nuclear Plant Life Extension Market Insights 2021 Industry Overview, Competitive Players & Forecast 2027| Areva,CNNC,Rosatom,Westinghouse...

Intesa Sanpaolo S p A : supports the development of the Campus Bio-Medico University of Rome with a loan of 50 million euro. The project features…



Milan, 13 May 2021 - Intesa Sanpaolo and Campus Bio-Medico S.p.A., the organizations set up to promote the Campus Bio-Medico University of Rome, have signed a 50 million euro loan agreement for investments with innovative sustainability characteristics.

The financed investment plan involves the creation of new spaces and infrastructures for university education, training and scientific research all with characteristics of environmental sustainability and energy efficiency.

For Intesa Sanpaolo, this marks the conclusion of one more transaction that is part of the 6- billion-euro earmarked for the circular economy as envisaged by the 2018-2021 Business Plan. 200 Projects have already received funding within this context. The transaction was concluded by the Intesa Sanpaolo IMI Corporate and Investment Banking Division, headed by Mauro Micillo with the support of the Intesa Sanpaolo Innovation Center Circular Economy Desk, the company of the Group dedicated to innovating and spreading the circular economy.

"Supporting Italian excellence such as the Campus Bio-Medico University of Rome in its development projects gives Intesa Sanpaolo great pride and satisfaction," said Richard Zatta, Head of Global Corporate of the IMI Corporate & Investment Banking Division of Intesa Sanpaolo. At a time like the present, which is profoundly marked by the effects of the pandemic, providing support to the healthcare sector, universities and scientific research is even more crucial. The funded project will further expand the areas for university education with eco-sustainable and low environmental impact structures".

"A great crisis like the current one has uncovered how fragile our socio-economic system is, but it has also revealed the great opportunities for universities, as they find themselves spearheading the change towards greater technological, social, scientific knowledge and reflection on the fundamental values of our civic life, social organisation and commitment to the service of others - stated Giuseppe Garofano, Chairman of Campus Bio-MedicoSpA

The transaction includes a tranche of around 30 million euro for the creation of green and mobility infrastructures and innovative spaces dedicated to university education, informal learning and campus life that will host university students as early as the 2022-23 academic year. The project envisages a significant improvement in energy efficiency both in new spaces and in the various related systems, which will make it possible to optimise solar radiation, regulate air renewal and also produce the heat required for heating, thus avoiding the use of natural gas.

A second tranche of 20 million euro will be used to extend the maturity and thus refinance the remainder of a previous mortgage granted to allow the construction of the hospital and university complex which today constitutes one of the country's medical, scientific and academic centres of excellence.

The Campus Bio-Medico University is composed of the Department of Medicine and Surgery (with degree courses in Italian and English, and 24 specialised schools), the Department of Engineering (offering the Chemical Engineering for Sustainable Development course, among others) and the Department of Science and Technology for humans and the environment (with a course specifically focused on the circular economy) attended by over 2,200 students. Its research laboratories host 50 research units, with around 400 researchers.

The Campus Bio-Medico University Hospital has 400 beds, 18 operating rooms, 70 outpatient clinics and a first-level emergency room (currently reconverted into a Covid Center with 100 dedicated beds). It is equipped with all the latest technological equipment for diagnosis and treatment.

To boost and support the Circular and Green Economy, Intesa Sanpaolo has developed a wide and diversified range of financing and advisory products, dedicated to all types of customers, in Italy and abroad. Projects receiving Intesa Sanpaolo loans for the circular economy must meet a number of criteria, including product life extension, renewable energy, resource

optimisation, recyclable products and technologies that enable and foster this economic model. This allows the Bank to disburse loans at increasingly advantageous terms for customers, subject to verifying the achievement of the circular economy objectives.


Press information

Intesa Sanpaolo

Media Relations, Corporate & Investment Banking and Governance Areas

Intesa Sanpaolo

Intesa Sanpaolo is the leading Bank in Italy and one of the soundest and most profitable banks in Europe. It offers commercial, corporate investment banking, asset management and insurance services. The Intesa Sanpaolo Group has approximately 14.7 million customers in Italy who are assisted through both digital and traditional channels. It also has

7.1 million international customers which it serves through its commercial banking subsidiaries present in 12 countries in Central-Eastern Europe, the Middle East and North Africa, and through an international network dedicated to corporate customers in 26 countries. Intesa Sanpaolo is considered one of the most sustainable banks in the world. For the Group, creating value means being a driver for growth, for the benefit of both society and the economy. As regards the environment, the Group has set up a 6-billion-euro fund for the circular economy. Intesa Sanpaolo supports major economic inclusion and poverty reduction projects, including an impact fund of 1.5 billion euro for loans available to social groups who struggle to access credit. Intesa Sanpaolo has a high level of involvement in cultural initiatives, organised by the Bank or in collaboration with other entities in Italy and further afield. These include permanent and temporary exhibitions showcasing the Bank's impressive artistic heritage at the Gallerie d'Italia, the Group's museums located in Milan, Naples, Vicenza and soon Turin.

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Press information

Campus Bio-Medico SpA

Executive Director Domenico Mastrolitto

Media Relations Manager

Campus Bio-Medico SpA

Campus Bio-Medico S.p.A. is one of the two promoters of the Campus Bio-Medico University of Rome and the company that owns the university campus building and the land on which it is situated. It manages a 90,000 square metre building complex, which includes the 400-bed university hospital and 90 hectares of land, part of which is located within the Decima Malafede Natural Reserve in Rome. Campus Bio-Medico SpA ensures that the institutional goals of the University are pursued and handles the development of new projects for university growth, including through its own managerial and business resources. Its shareholders are non-profit entities, entrepreneurs and private and institutional investors. The university promoters are the Campus Bio-Medico Association and Campus Bio-Medico SpA. They guarantee the pursuit of the institutional aims set out in the Articles of Association and in the Charter of Purposes of the Campus Bio-Medico University of Rome, including through the appointment of some members of the university Board of Directors.

Website: - m - | News: https://campusbiomedicospa .it/cbm-

media - | LinkedIn:


Intesa Sanpaolo S.p.A. published this content on 13 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2021 10:23:07 UTC.

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The sun shines for Wirsol Energy: guidance on the circumstances in which waiver can be given in a commercial contract – Lexology

Mr Justice Henshaw handed down judgment on 14 April 2021 in Toucan Energy Holdings Ltd v Wirsol Energy Ltd [2021] EWHC 895 (Comm), a substantive dispute begun in 2018 regarding the construction and sale of 19 solar parks located throughout Great Britain and Northern Ireland.

Wirsol has very successfully defended allegations that it designed and constructed the solar parks defectively, which was said to have caused Toucan significant losses and to require effectively a total re-construction of many of the sites due to allegedly fundamental faults risking catastrophic failures.

Wirsol contended that the solar parks were properly built (save for minor issues) and that Toucans losses were minimal. Wirsol also counterclaimed for approximately 6.5 million in unpaid fees arising out of a contract to procure asset life extensions for the solar parks. Toucan denied that the asset life extension invoice was payable, including on the basis that a necessary condition subsequent to payment had not been satisfied or waived.

Toucans total claim amounted to some 30 million in damages, including a significant sum for diminution in value of the solar parks due to ongoing blight in addition to the remedial/replacement costs it said would be incurred, along with lost revenue from under-performance of the solar parks and claims for liquidated damages.

A five-week trial took place in person at the Rolls Building through October and November 2020, with experts in the fields of electrical engineering, solar asset valuation, quantity surveying and transformer design.

Mr Justice Henshaw dismissed the vast majority of Toucans 30 million claim, finding that only a fraction of the losses relating to alleged defects were made out. Toucans claims for the alleged blight and consequential losses arising from refinancing of its debts were entirely dismissed.

The Judge upheld Wirsols counterclaim on almost all issues, finding that c.6.25m was due for the asset life extensions. The judgment contains a detailed discussion of the circumstances in which a waiver can be given under a commercial contract. The Judge ultimately concluded that Toucan was obliged to give a waiver under the contract in certain circumstances, and that it had done so. In any event, Toucans conduct was such that (if required) it would have been found to have given an equitable waiver.

The case also attracted national press attention after it emerged that Toucan had raised very substantial sums from a local authority to refinance its investments (see, for example, here).

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The sun shines for Wirsol Energy: guidance on the circumstances in which waiver can be given in a commercial contract - Lexology

The age of information Aerospace Manufacturing – Aerospace Manufacturing

Solid State Disks specialises in the design and manufacture of advanced flash data storage systems

In a Q&A session, Solid State Disks sales director, James Hilken looks at the latest trends and demands surrounding the areas of memory and storage and what the sector needs to consider when designing and developing new systems.

As part of the Reactive Group, Solid State Disks (SSD) delivers innovative system solutions to defence, commercial and industrial customers worldwide, and specialises in the design, development and integration of advanced flash data storage systems. The company is also UK flash memory distributors of SanDisk, Innodisk, APRO, Transcend and Smart Modular.

Q) Why is it important to record vast amounts of data and what advantages does it offer to sub-system manufacturers and technology users on the front line?

James Hilken, sales director of Solid State Disks

Operators use such systems to plan and measure mission success, acquire data, develop pilot training, and sadly to investigate accidents or record system failures. Recordings will be from instrumentation and from audio and video sources. Maintenance and configuration data is also stored for future use. Recent successes have been for legacy avionics, simulation and training systems as well as automatic test equipment.

Q) What in your mind is the correct storage technology?

Solid state flash memory is the preferred choice, but often backwards compatibility with the legacy system is the key, as new interfaces may require mechanical or software changes and/or system/aircraft requalification. The benefits of solid state in harsh operating conditions are well-established.

Q) What are the main customer storage demands?

Meeting performance and environmental specification is key, and price needs to take into account alongside long-term servicing costs and contracts that require contracted levels of availability. Aerospace customers need to meet performance requirements in challenging environments and to manage the consequences of any failure in the drive selection criteria.

Q) How are you assisting the OEMs and Primes with solutions that can be found embedded within systems connected with C4ISR technologies, mission, flight, simulation, training, and condition-based monitoring activities around the world?

Both military and civil customers need supporting where fleets require ongoing maintenance and life extension, but a computer subsystem refresh cannot be afforded. Often the legacy data storage is the weak link. When this can be replaced by new technology the legacy system and its existing software can be given a mid-life extension. If a firm out-of-service date for the platform is known, longer-term decisions can be made, but often that is not the case.

Q) Is there the perception that storage is generally perceived as an afterthought, especially in embedded design?

In some applications, data recording and storage is seen as an extra to the design as a reporting feature, although it is of course, an integral part of any IT product. In the aerospace world this has never been true, but engineers can only select the best technology available at the design stage, which may lead manufacture and product end of life (EOL) by many years. Avionics, simulation and training and automatic test equipment (ATE) is a case in point. Even the best conventional disk and tape drives require reasonable environmental conditions to perform well and can never match the Mean Time Between Failure (MTBF) of solid state.

Q) Is it your experience that technology moves on so fast and aerospace so slow that in some cases the initial requirement has become obsolete?

Yes, this is certainly true of data storage, and often true of the initial aerospace requirement. However, not only is it possible to deliver fit, form and function replacements for legacy storage devices more than thirty years old, it is also possible to provide features never conceived of at the original design point, but regarded as essential today. For example, off- and on-line backup via Ethernet connection or rugged removable flash media, duplicate media for additional data security, and encryption or other protection against an illegally acquired asset.

Q) Why is obsolescence in memory and storage increasingly more important when designing and developing systems especially those that need to run for many years without fault?

SSDs SCSIFlash (CF) network drive

Memory technology has historically been driven firstly by desktop computing, then gaming and mobile communications, but is now driven by data servers and cloud computing. The interface standards used to interconnect storage products with the host are also subject to rapid change driven by the need for performance. Product form factors are also driven by the need for small size, weight and low power consumption. Aerospace customers and designers need to be aware of the latest technology and plan to future proof their designs, bearing in mind that often the latest parts take some time to pass reliability and qualification testing for use in harsh environments.

Q) Do you provide a complete service that covers potential obsolescence issues? For example, what happens if a manufacturer issues an end of life notification?

Yes, in general. We are governed by our suppliers product planning, but work closely with them to ensure our products remain supportable. This includes early EOL warnings. To some extent we are buffered from the memory device level interface specification by the legacy interface we are required to emulate.

Q) Would you say that COTS still isnt fit for purpose, i.e. specialist kit requires specialist storage?

It is recognised that commercial systems and storage products may not work well or at all for long periods in hot, humid, high vibration, and extreme temperature cycling applications. Equally important is that commercial systems often do not have change control and configuration discipline to ensure subsequent purchases are made to the same specification. For COTS or MOTS (modified COTS) solutions, industrial solid state flash memory is usually suitable for the majority of applications. It all depends on the specification.

Q) Are manufacturers of storage upping their game?

SSD has worked with leading customers in key market sectors to provide our networked Touchless Removable drive solutions. Customers benefit from access to systems via our Direct Ethernet port from a host system. This allows data to be kept in a digital library located anywhere within the organisation without the need for physical media.

Many of the flash lines SSD support are fully compliant with aerospace and defence standards

Direct Ethernet is also available on our hard disk emulations, which allows a full copy to be remotely taken of a system drive and restored as a bootable image. This dramatically reduces the time taken to rebuild systems in the event of data corruption. SMART is used as an excellent means of monitoring the remaining life of Flash media.

Q) What kind of industry landscape will we be faced with when everything gets back to a new normal?

Businesses have become more cost-conscious, with reserves and working capital hard hit despite support from the Government for some companies. It is anticipated that life extensions and out-of-service dates will be extended for reliable systems. Sustainability and energy consumption in developing new products is also driving new product investment decisions.

Q) Where to next for your company?

Were looking at the development of alternative interface replacement devices to supplement the existing SCSI and IDE ranges. Were also investigating offering system level support to engineers using our proprietary technology and experience.

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The age of information Aerospace Manufacturing - Aerospace Manufacturing

JK Group Unveils Sustainability Initiatives – Covering the Printing Inks, Coatings and Allied Industries – Ink World – Ink World Magazine

JK Group, part of Dover Digital Printing and Dover, announced several new initiatives that support improved sustainability.

JK Group said it developed a new way of packaging its reactive inks to reduce its environmental footprint, while also releasing an extended shelf life across all of its ink ranges.

The company's Kiian brand recently launched a new reactive ink series called Digistar Bellagio, with one of the new departures for this range being its Bag-in-Box (BiB) packaging.

Through this environmentally-friendly initiative, all reactive inks will now be packed in flexible, multilayered plastic bags, which are incorporated into a cardboard outer shell.

The system has several advantages and represents an 80% reduction in the use of plastic compared to traditional high-density polyethylene containers of a similar capacity, according to JK Group.

Additionally, the reduced packaging creates a reduction in shipping and warehouse space, leading to lower transport and storage costs and less environmental impact across the supply chain, according to JK Group.

"We are thrilled about these initiatives because not only are they better for the planet, but also for our customers, who are looking for cost-efficient ways to reduce their environmental impact. This represents a continued effort by all of our companies to improve the sustainability of our products," said Abhi Agrawal, president of Dover Digital Printing.

JK Group also announced a shelf life extension of all of its ink series. Harnessing continuous improvements in performance brought about by research and development activities, the company has conducted an in-depth analysis of its ink formulations, including stress tests, to determine more precisely how long they will last on the shelf.

The resulting extension of shelf life means improvements for stock management and order rationalization, enabling efficiency and cost savings.

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JK Group Unveils Sustainability Initiatives - Covering the Printing Inks, Coatings and Allied Industries - Ink World - Ink World Magazine

Market Assessment of Pyrroloquinoline Quinone Industry: Growth Drivers by Top Players like Haotian Pharm, Doctor’s Best, Health Thru Nutrition, Life…

Pyrroloquinoline Quinone Market Latest Research Report 2021- 2026 covers a complete market scenario across the globe with a detailed industry analysis of major key players like Haotian Pharm, Doctors Best, Health Thru Nutrition, Life Extension, NOW Foods, Swanson, etc. This report provides strategic recommendations consulted by the industrial experts including market forecasts, profit, supply, raw materials, cost structures, investment landscape, latest market trends, demands, and much more.

The report begins from overview of the Industry Chain structure, and describes the industry environment, then analyses the market size and forecast of Pyrroloquinoline Quinone by product, region, and application, in addition, this report introduces the market competition situation among the vendors, market price analysis, and value chain features are covered in this report.

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The Major Players included in the Pyrroloquinoline Quinone Market are:

Pyrroloquinoline Quinone Market Segmentation:

Pyrroloquinoline Quinone market is split by Type and by Application. For the period 2018-2026, the growth among segments provides accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market Segmentation by Type:

Market Segmentation by Applications:

Promising Regions & Countries Mentioned in Pyrroloquinoline Quinone Market Report:

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Market Assessment of Pyrroloquinoline Quinone Industry: Growth Drivers by Top Players like Haotian Pharm, Doctor's Best, Health Thru Nutrition, Life...

Northrop Grumman and Intelsat make history with Docking of 2nd Mission Extension Vehicle – Sea News

Northrop Grumman Corporation (NYSE: NOC) and the companys wholly-owned subsidiary, SpaceLogistics LLC, have successfully completed the docking of the Mission Extension Vehicle-2 (MEV-2) to the Intelsat 10-02 (IS-10-02) commercial communications satellite to deliver life-extension services.

Northrop Grumman is the only provider of flight-proven life extension services for satellites, and this is the second time the two companies have docked commercial spacecraft in orbit. Northrop Grummans MEV-1 made history when it successfully docked to the Intelsat 901 (IS-901) satellite in February 2020. Unlike MEV-1, which docked above the GEO orbit before moving IS-901 back into service, MEV-2 docked with IS-10-02 directly in its operational GEO orbital location.

Todays successful docking of our second Mission Extension Vehicle further demonstrates the reliability, safety and utility of in-space logistics, said Tom Wilson, vice president, strategic space systems, Northrop Grumman and president, SpaceLogistics LLC. The success of this mission paves the way for our second generation of servicing satellites and robotics, offering flexibility and resiliency for both commercial and government satellite operators, which can enable entirely new classes of missions.

MEV-2 will provide five years of service to IS-10-02 before undocking and moving on to provide services for a new mission. IS-10-02 delivers broadband and media distribution services to Intelsat customers across Europe, the Middle East, Africa and South America; it is a key satellite in the Intelsat-Telenor Satellite 1 West video neighborhood, which distributes more than 900 channels to some 18 million TV households across Europe. Telenor Satellite own about half of IS-10-02s Ku band payload, which it markets as THOR 10-02 and contributed to todays successful mission.

Intelsat has pioneered innovations in space-based technology for more than five decades. We are proud to work side by side with Northrop Grumman on todays groundbreaking mission, the first-ever docking of a communications satellite in GEO orbit, said Intelsat Chief Services Officer Mike DeMarco. Space servicing is a valuable tool for Intelsat in extending the high-quality service experience that our customers depend upon. Northrop Grummans MEV technology has helped us extend the life of two high-performing satellites, while focusing our innovation capital on advancing the Intelsat next-generation network this technology is a win-win for us.

The Mission Extension Vehicle is the first in Northrop Grummans lineup of satellite servicing vehicles, but following last years robotic servicing mission award from DARPA, the company is working with the agency on a mission that will feature the first-ever commercial robotic servicing spacecraft. This mission will expand the market for satellite servicing of both commercial and government client satellites with advanced robotics using the companys Mission Robotics Vehicle (MRV) to conduct in-orbit repair, augmentation, assembly, detailed inspection and relocation of client satellites through robotics.

To further complement its on-orbit servicing portfolio, Northrop Grumman is leveraging model based systems engineering to develop its Mission Extension Pods (MEPs) which will also provide critical life extension services to aging satellites. The MRV will be used to install these pods on existing in-orbit commercial and government client satellites to extend their mission lives. The company is targeting 2024 for launch of both the MRV and the initial MEPs.

Sea News, April 15

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Northrop Grumman and Intelsat make history with Docking of 2nd Mission Extension Vehicle - Sea News

PEF can become the ‘standard in the food and drink industry’, says plastics producer –

Dutch biochemical company Avantium says it is on track to open its first commercial production plant by the end of 2023. The facility in Delfzijl, the Netherlands, will produce 5,000 metric tonnes of FDCA per annum. FDCA is the key building block for polyethylene furanoate (PEF), a 100% plant-based, fully recyclable biopolyester. According to Avantium, PEF has the potential to replace various packaging materials such as PET, glass or aluminium in typical applications like bottles for soft drinks, water, alcoholic beverages and fruit juices. It expects bottles made with PEF to appear in Europes supermarkets by the beginning of 2024.

The Euronext Amsterdam-listed companys plans have been boosted after it raised around 28 million by issuing 5.2 million new shares and announced a deal with Belgium-based plastic packaging supplier Resilux for the supply of a fixed volume of PEF resin from the Avantium plant.

It has also signed collaboration agreements to develop sustainable bottles with an undisclosed major global food and beverage brand owner, the Japanese specialty chemical company Toyobo, the US specialty polyester film producer Terphane, and the Dutch beverage bottling company Refresco.

These deals come on top of Avantiums existing Plastic Bottle Project: a collaboration with Coca-Cola, spirits firm The Absolut Company and Carlsberg to jointly develop several PEF applications. This venture has already led to Carlsberg unveiling a prototype for the Green Fibre Bottle, which it claims is the worlds first paper beer bottle made from sustainably-sourced wood fibres that is both 100% bio-based and fully recyclable. The Danish beer giant has added its partnership with the project will assist its targets to achieve zero carbon emissions at its breweries and reduce its value chain carbon footprint by 30% by 2030.

Thanks to these developments, Avantium is confident PEF will be broadly introduced to the market around the globe and with high-value applications varying from monolayer bottles, multilayer bottles, and film.

Tom van Aken, Chief Executive Officer of Avantium told FoodNavigator that PEF plastic boasts attractive sustainability credentials because it uses no fossil fuels (unlike polyethylene terephthalate, or PET), can be recycled and will also degrade in nature much faster than normal plastics. It can further enable shelf life extension and thus help reduce waste.

The material is made using sugars from corn, wheat or beet and retains carbon dioxide better than conventional PET. If you have carbonated drinks, you need to keep the CO2 in your bottles, he explained. Our material is 5-10 times better than PET in keeping C02 in the bottle - so in that sense it's almost like glass in terms of how good it is in keeping carbonation in your drinks. But it is equally good for keeping air and oxygen out of the bottle so is good for everything that is sensitive to oxygen such as beer, juice, smoothies or coffee. It also has higher heat stability and is a bit stronger than PET, so it has significant safety performance benefits over it.

Around 300 million tonnes of plastic is made from fossil fuels globally every year, most of which is not recycled and can take hundreds of years to decompose. According to van Aken, many plastic bottles arent recycled because they use multiple polymers such as polyethylene,polyurethane and nylon in conjunction with PET. We're trying to replace these with a monolayer PEF film which can be easily recycled, he said. That will mean a substantial improvement over existing packaging materials.

Meanwhile, Avantium says its plant-based material degrades 100 times faster than PET. This is a product designed for recycling, stressed the CEO.But if it does end up in nature it will degrade much faster than conventional plastics.

Eventually, Avantium plans to use plant sugars from sustainable sourced biowaste so that the rise of plant plastic does not affect the global food supply chain. And while its target to make 5,000 tonnes is a modest one, it expects its production to grow as demand for renewable plastics climbs.

Cost remains a challenge for the scaling up of PEF production, however. While PET currently costs around 1 per kilo, for example, PEF is between 8-10 per kilo. However, van Aken said that's not a like-for-like comparison.We're competing against materials where they might be using nylon in sparling water bottles to keep the carbonation in the bottles,he eleborated.But the downside is that if the bottle is a combination of PET and nylon, it cannot be recycled. If you take away the nylon and replace it with PEF, you have a bottle than you can subsequently recycle because PEF and PET can mix and recycle.

He also pointed out that todays end consumers are prepared to pay a premium for sustainable products. More research shows that there's a significant percentage of consumers that are perfectly prepared to pay a few cents extra for something which is more sustainable. I think the contracts that we've just signed show that economics is not a prohibited aspect.

And while the companys current plans will suit "more niche high-value applications", he expects prices to drop as the company builds larger-scale plants.

From 2026 onwards, we expect the next stage will be to build larger-scale plants in Asia and the US which means the product will be built on a much larger scale and much more materials will become available at significantly lower cost. Then the material will compete with all glass packaging, all alumina cans and with many of the multi-layer packaging products that you see out there."

It can be used across the soft drinks sector in juice and waters, but also in everything that is air sensitive so coffee and meat packaging.

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PEF can become the 'standard in the food and drink industry', says plastics producer -

Belfast Harbour invests 2.5m in refurbishment of Terminal 1 – Belfast Newsletter

The programme of work, which represents a 2.5million investment by Belfast Harbour, will effectively renew and modernize the terminal infrastructure, extending its life span for a further 25 years. Work will include refurbishment of the berth ramp, the access walkways and the fenders.

Local contractors McLaughlin & Harvey has been engaged to deliver the project which is due to commence in early summer.

To facilitate these works the Belfast-Heysham service will operate from the Ballast Quay Terminal during the summer period.

Belfast Harbour has continued its long-term investment programme in port infrastructure in recent years, including the 40million redevelopment of Victoria Terminal 3 container terminal, with more than 20million invested in new cranes, and the installation of a new 15million two tier linkspan ramp at Victoria Terminal 2 ferry terminal to accommodate Stenas new Embla and Edda vessels on the Belfast- Liverpool route.

Michael Robinson, Port Director, Belfast Harbour said: We are continuing to invest in our port infrastructure and equipment that will help us achieve our goal of becoming the best regional port in the world.

Roll-On-Roll-Off freight, including on the Belfast to Heysham route, performed strongly last year, reflecting the importance of our freight traffic routes to Scotland and England and the essential supply chains we serve to the Northern Ireland economy. We want our facilities to be best in class and having undertaken a full structural assessment of the VT1 facilities we believe that making this 2.5million investment now will provide both this standard and a long-term life extension for the terminal.

John Mariner, McLaughlin & Harvey Contracts Director added: We are delighted to deliver another project for Belfast Harbour; building on our successful long-term relationship which includes Victoria Terminals 3 and 4. This project will be delivered using a local supply chain, and will utilise our extensive marine civil engineering expertise to support the harbour in its programme of continual investment to improve facilities in the port.

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Belfast Harbour invests 2.5m in refurbishment of Terminal 1 - Belfast Newsletter

Springfield National Weather Service radar scheduled outage coming, will last about a week – KOLR –

SPRINGFIELD, Mo. Beginning Thursday, February 25, 2021, the radar operated by the NOAA National Weather Service will be down for approximately seven days.

The planned outage is to replace the generator, fuel tanks, and accompanying components.

This update is important to support the radars operation during periods of commercial power outages, specifically when hazardous weather is present.

This generator update is the third major project of the NEXRAD Service Life Extension Program, a series of upgrades and replacements that will keep our nations radars viable into the 2030s.

NOAA National Weather Service, the United States Air Force, and the Federal Aviation Administration are investing about $150 million in the seven-year program. The first project was the installation of the new signal processor and the second project was the transmitter refurbishment. The two remaining projects are the refurbishment of the pedestal and equipment shelters. The Service Life Extension Program will complete in 2023.

During the outage, check data from adjacent radars including: Pleasant Hill/Kansas City (KEAX), St Louis (KLSX), Paducah, KY (KPAH), Memphis, TN (KNQA), Little Rock, AR (KLZK), Fort Smith, AR (KSRX), Tulsa, OK (KINX), Wichita, KS (KICT) and Topeka, KS (KTWX).

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Springfield National Weather Service radar scheduled outage coming, will last about a week - KOLR -

Global Military Aircraft Modernization and Upgrade and Retrofit Markets to 2024: Incorporation of CNS Systems in aircraft and Emergence of SVAB -…

Dublin, Feb. 25, 2021 (GLOBE NEWSWIRE) -- The "Global Military Aircraft Modernization and Upgrade and Retrofit Market 2020-2024" report has been added to's offering.

The military aircraft modernization and upgrade and retrofit market is poised to grow by $ 2.61 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period.

The market is driven by the incorporation of CNS systems in aircraft and emergence of SVAB.

The reports on military aircraft modernization and upgrade and retrofit market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The military aircraft modernization and upgrade and retrofit market analysis includes type segment and geographical landscapes.

This study identifies service life extension of military aircraft fleets as one of the prime reasons driving the military aircraft modernization and upgrade and retrofit market growth during the next few years.

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading military aircraft modernization and upgrade and retrofit market vendors that include BAE Systems Plc, Elbit Systems Ltd., Honeywell International Inc., Israel Aerospace Industries Ltd., L3Harris Technologies Inc., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Thales Group, and The Boeing Co..

Also, the military aircraft modernization and upgrade and retrofit market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

Key Topics Covered:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Type

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis


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Global Military Aircraft Modernization and Upgrade and Retrofit Markets to 2024: Incorporation of CNS Systems in aircraft and Emergence of SVAB -...

Real-Time Communication with Dreaming Person Possible, Says Study | The Weather Channel – Articles from The Weather Channel | – The…

Representational image

Can anyone perceive questions and provide answers in the midst of a vivid dream? It is possible, say researchers of a recent study whose results might sound like a real-life extension of the Hollywood blockbuster Inception.

The findings of the study indicate that it is possible for people while dreaming to follow instructions, do simple math, answer yes-or-no questions, or tell the difference between different sensory stimuli.

"We found that individuals in REM sleep can interact with an experimenter and engage in real-time communication," said researcher Ken Paller from Northwestern University in the US. According to the researcher, dreamers are capable of comprehending questions, engaging in working-memory operations and producing answers.

"Most people might predict that this would not be possiblethat people would either wake up when asked a question or fail to answer and certainly not comprehend a question without misconstruing it," Paller said. But the research shows that people in dreams could respond using eye movements or by contracting facial muscles.

For the study, published in the journal Current Biology, the researchers evaluated 36 people who aimed to have a lucid dream, in which a person is aware they're dreaming. The researchers refer to it as "interactive dreaming."

The researchers said that future studies of dreaming could use these same methods to assess cognitive abilities during dreams versus wake. Outside of the laboratory, the methods could be used to help people in various ways, such as solving problems during sleep or offering nightmare sufferers novel ways to cope, the team noted.


The above article has been published from a wire source with minimal modifications to the headline and text.

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Real-Time Communication with Dreaming Person Possible, Says Study | The Weather Channel - Articles from The Weather Channel | - The...

Canned Soups Market Forecast to 2027 – COVID-19 Impact and Global Analysis By Type, Category, Processing, and Distribution Channel – GlobeNewswire

New York, Feb. 23, 2021 (GLOBE NEWSWIRE) -- announces the release of the report "Canned Soups Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type, Category, Processing, and Distribution Channel" - The shelf life of any canned soup is the amount of time it requires to degrade to the non-palatable state. Shelf life extension ingredients added in the canned soup products slow down the process of food degradation and enable longer storage of the food items. They are both organic and conventional in origin. Shelf life extension ingredients also aid in the keeping food logistics decongested, sustain canned soups in frozen areas, and improve consumer confidence over stability of food items. Consumers have become more aware about their diet. Health benefits such as improved immunity, lower caloric intake, and high protein intake are other factors expected to influence the product demand. Moreover, canned soups with high shelf life also comprise high content of nutrition, minerals, vitamins, and proteins. On a global level, youngsters are preferring to purchase premium goods due to health attributes and are ready to change their habits toward healthier nutrition. Canned soup made from fresh vegetables, and bone and meat has gained tremendous popularity as it offers various health benefits and nutrition as well as it has a high shelf life. In addition, consumers are opting for canned soup products over other protein sources owing to its benefits such as the presence of macro and micronutrient in good proportion with a high concentration of protein. Additionally, packed soups are majorly preferred over soups served in the restaurants and food outlets due to ease of access as well as durability of packages. Drinking canned soups or making a simple soup help add more protein into the diet and prevents one from consuming too many calories. Thus, consumers inclination toward nutrition-based canned soup drives the market growth.

In terms of category, the non-vegetarian segment led the global canned soup market in 2019.The demand for non-vegetarian canned soups is high owing to their versatile nutritional composition and high protein content.

Non-vegetarian canned soup is a rich source of protein.It is also a nutritional supplement that offers various health benefits such as weight loss, joint pain reduction, skin aging reduction, and appetite reduction.

These canned soups products contain essential minerals such as calcium and magnesium in larger amounts than other animal protein-based products. Therefore, the rising demand for healthy food & beverage products across the world drives the market growth for the non-vegetarian segment.Campbell soup company, Amys Kitchen Inc, General Mills Inc., The Kraft Heinz Company, Baxters Food Group, Unilever, Struik Foods Europe NV, Vanee Foods Company, BCI Foods Inc., and Hain Celestial Companies are among the players operating in the global canned soup market.At present, most of the regions across the world are under lockdown due to the COVID-19 outbreak.In the most-affected countries in different regions, isolation and social distancing measures have been imposed.

The lesser production of goods and commodities is hampering the growth of the global canned soup market as the demand for these products has been declined since the past couple of months.The outbreak and measures taken to contain the spread of the novel coronavirus are hindering the food & beverages industry across the world, mainly due to disruptions in supply and distribution chain.

In addition, the overall restrictions on manufacturing processes, research, and development activities are restraining the global canned soup market.The overall global canned soup market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the global canned soup market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the global canned soup market.Read the full report:

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Canned Soups Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type, Category, Processing, and Distribution Channel - GlobeNewswire

Star Royalties Closes Second US$6 Million Installment of US$18 Million Stream Financing for the Restart of the Copperstone Gold Mine – Junior Mining…

February 24, 2021 - TheNewswire - Toronto, ON - Star Royalties Ltd. (the Company or Star Royalties) (TSXV:STRR) is pleased to announce the closing of the second installment of its previously announced US$18,000,000 gold purchase and sale agreement (the Streaming Agreement) with Arizona Gold Corp. (Arizona Gold) (TSX: AZG, OTC: AGAUF) (formerly Kerr Mines Inc.) which will be used to finance the restart of underground operations and gold production at the Copperstone Gold Mine (Copperstone) in Arizona, USA.

Alex Pernin, Chief Executive Officer of Star Royalties, commented: With the closing of Tranche 2 and an expected operational restart in less than one year, this gold stream represents significant, near-term cash flow from a highly prospective deposit in a world-class jurisdiction. We have great confidence in both Copperstones potential and Arizona Golds ability to execute a successful restart of operations. We continue to look forward to working closely with their team as we transition Copperstone into Arizonas next producing gold mine.

The US$18 million advance payment under the Streaming Agreement is being provided in three equal installments, with the first two US$6 million installments having now been advanced. The final US$6 million installment will be payable on or before April 30, 2021, subject to certain closing conditions.

Summary of Transaction Terms

Star Royalties will purchase from Arizona Gold an amount of refined gold equal to 9.9% of gold produced at Copperstone until a cumulative 21,000 ounces of refined gold are delivered, then 3.3% of gold produced until a cumulative 27,200 ounces are delivered, and 1.2% of gold produced thereafter for the remaining life of mine.

In addition to the US$18 million advance payment, Star Royalties will provide a cash payment to Arizona Gold for each ounce of gold delivered equal to 25% of the average London Bullion Market Association gold spot price (PM) for the five consecutive trading days prior to delivery. Arizona Gold has granted security over all of its assets to the Company to secure the obligations of Arizona Gold to the Company under the Streaming Agreement.

In connection with the advance of the second tranche of US$6 million, Arizona Gold entered into an amended and restated royalty purchase agreement with Trans Oceanic Mineral Company Ltd. (TOMCL) providing for the purchase of a 3% gross production royalty on Copperstone for US$2.5 million. Upon completion, the purchase will reduce the aggregate gross royalties on Copperstone from 6% to 3%, consisting of a remaining 1.5% royalty which will continue to be held by TOMCL and a 1.5% royalty held by Angie Patch Survivor's Trust. Completion of the repurchase is subject to the satisfaction of all conditions to the advance by Star Royalties of the third US$6 million installment under the Streaming Agreement.


For more information, please visit our website atwww.starroyalties.comor contact:

Alex Pernin, P.Geo.

Chief Executive Officer and Director

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Peter Bures

Chief Business Development Officer

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+1 647 360 4793 +1 437 997 8088


Star Royalties Ltd. is a precious metals royalty and streaming investment company. The companys objective is to provide wealth creation through accretive transaction structuring and asset life extension with superior alignment to both counterparties and shareholders. With a strategy to also invest in green opportunities, Star Royalties pioneered the first forest carbon credit royalty and is pursuing a pipeline of additional green investments.


Certain statements in this news release may constitute "forward-looking statements", including those regarding future market conditions for metals and minerals. Forward-looking statements are statements that address or discuss activities, events or developments that the Company expects or anticipates may occur in the future. When used in this news release, words such as "estimates", "expects", "plans", "anticipates", "will", "believes", "intends" "should", "could", "may" and other similar terminology are intended to identify such forward-looking statements. Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Star Royalties to be materially different from future results, performances or achievements expressed or implied by such statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results, performances or achievements to differ materially from such forward-looking statements, including, without limitation, changes in business plans and strategies, market conditions, share price, best use of available cash, the ability of the Company to identify and execute future acquisitions on acceptable terms or at all, risks inherent to royalty companies, title and permitting matters, metal and mineral commodity price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operation and development risks relating to the parties which produce the metals and minerals Star Royalties will purchase or from which it will receive royalty payments, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global social and economic climate, natural disasters and global pandemics, dilution, and competition. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should exercise caution in relying upon forward-looking statements and the Company undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.

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Star Royalties Closes Second US$6 Million Installment of US$18 Million Stream Financing for the Restart of the Copperstone Gold Mine - Junior Mining...

Norwegian Army Adding 20 CV90s to Its Fleet – Business Wire

RNSKLDSVIK, Sweden--(BUSINESS WIRE)--BAE Systems has received an order from the Norwegian Army for 20 additional CV90 Infantry Fighting Vehicles to increase the combat power of its existing fleet. The Norwegian Defense Materiel Agency awarded the more than $50 million contract that will increase the Armys fleet to 164 vehicles as part of its effort to grow and modernize in the face of evolving threats.

Norway is one of seven CV90 users and is the latest customer to enhance its fleet of combat-proven CV90s following significant life extension and mid-life upgrade contracts from Switzerland and the Netherlands. The new Norwegian order for 12 engineering and eight multi-carrier CV90 variants is scheduled for delivery in 2023.

We look forward to fielding another 20 modern CV90 combat support vehicles into the Norwegian Army, said Brigadier yvind Johan Kvalvik, Norwegian Defence Materiel Agencys Land Systems Division. These additional vehicles will provide the Norwegian Army with the room for maneuver and combat power that the Army needs to be able to complete its missions using the most modern IFV vehicles in the world.

BAE Systems Hgglunds, the manufacturer of the CV90 based in rnskldsvik, Sweden, will deliver the new vehicles in cooperation with Ritek, an established Norwegian CV90 partner. With Ritek at the center of the local industrial cooperation hub, up to 30 potential Norwegian suppliers will be responsible for upgrading and repairing components, as well as delivering new subsystems and technology solutions as part of future upgrades for the Norwegian CV90 fleet.

We have a strong track record of delivering on time, at cost, and high quality to the Norwegian Army. This follow-up order demonstrates the importance of successful relationships with in-country industry partners like Ritek, said Tommy Gustafsson-Rask, managing director of BAE Systems Hgglunds. As we work to enhance the Norwegian Armys existing fleet of CV90s, deepening our existing relationships with local industry will naturally benefit our end users.

BAE Systems has a successful history of industrial cooperation projects in Norway that have strengthened industry partnerships, transferred technical know-how, and exceeded customer expectations and requirements. During the latest CV90 procurement and upgrade contract, BAE Systems Hgglunds delivered 100 percent offset obligation five years ahead of schedule.

BAE Systems and Ritek look forward to strengthening their relationship through the successful execution of this contract. Our cooperation with the Norwegian Armed Forces and BAE Systems Hgglunds is based on trust and experience between all parties involved. We are very pleased with this new agreement which brings a positive local employment effect for Ritek as we focus on delivering this critical capacity to the Norwegian Army in the form of more combat support vehicles, said Hilmar Olsen, general manager at Ritek. We also expect the project to provide long-term opportunities for several other Norwegian suppliers across the country.

Norway is one of seven European users operating the CV90. The others are Denmark, Estonia, Finland, Switzerland, Sweden and the Netherlands. With close to 1,300 vehicles in service in multiple variants, the vehicle is combat-proven and designed to accommodate future growth to meet evolving missions.

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Norwegian Army Adding 20 CV90s to Its Fleet - Business Wire

Calico Purring Right Along With Life Extension Research – Nanalyze

Earlier this month, Alphabet (GOOG) took the air out of its Loon subsidiary, a former moonshot project for deploying internet around the world using high-flying balloons. Apparently, the economics just didnt work out. No word on how much Googles parent company spent on Loon, but SoftBank had sunk $125 million into the business in 2019. This seems like the latest sign that the tech giant is tightening its belt a bit in an increasingly risky regulatory environment. That made us wonder whats happening with another venture that isnt contributing anything to its bottom line. Lets dive into Calico, a subsidiary focused on life extension research and development.

Calico is pretty much the opposite of Verily Life Sciences, the Alphabet unit working to digitize healthcare in every possible way. Verily is one of the few companies that does generate some revenue among the $461 million that its sideline subsidiaries earned through the first nine months of 2020. Some of the joint ventures connected to Verily are developing apps or new medical devices, with a certain amount of publicity and transparency. Calico operates more like a nonprofit research center thats secretly working on some biotech version of the Manhattan Project, so most of what we read is pretty superficial and saccharine.

At face value, Calico is pure anti-aging R&D, starting at the very beginning of the problem with what is aging? For example, one of its public-facing projects involves studying how yeast ages, apparently without in situ experiments involving a teenagers room. The premise (in very broad strokes) is that if we can understand how yeast age at the cellular level, we could all one day look like Brad Pitt forever. But the biggest news to emerge is that Calico scientists created a bit of new technology to help analyze the yeast cells, enabling genome-wide characterization of the aging process, which certainly sounds significant and was published in a peer-reviewed journal.

The Miniature-chemostat Aging Device (MAD) purifies 50 million old cells in a single test tube to speed up the search for genetic biomarkers of aging. An additional platform that sounds similar to the technology used in lab-on-a-chip solutions developed by companies like Berkeley Lights (BLI) allows scientists to observe the entire aging process in single cells hundreds of thousands each week allowing them to screen for lifespan-extending modifications that can increase the yeast lifespan beyond that of your ordinary lab yeast. The company integrated computer vision and machine learning to recognize cell division from time-lapse images or to measure the age of a cell directly from static images.

While a new cell-counting gizmo using AI sounds great, thats certainly not something out of reach for any large research university. Calico is a company that has at least $2.5 billion in funding thanks to its most high-profile partnership with AbbVie (ABBV), a pharmaceutical company with a market cap of nearly $200 billion as of late January 2021.

The companies first joined forces in September 2014. Three years later, Calico and AbbVie had already burned through $1 billion, but that didnt stop the duo from extending their research collaboration and kicking in another $500 million each, according to the San Francisco Business Times. So you would think theres some high-pressure expectation to produce an anti-aging Brad Pitt pill or something significant. What has all that money produced? According to the company, the partnership has resulted in two dozen early-stage programs addressing disease states across oncology and neuroscience and new insights into the biology of aging.

The 2018 deal makes Calico responsible for research and early development until 2022 and for advanced collaboration projects through Phase 2a clinical trials through 2027. In fact, theres actually a whisper of something finally gaining traction. Endpoints News was the first to report that a team from Calico and AbbVie is conducting a phase 1 safety study to test a drug called ABBV-CLS-579 for treating solid tumors. The article also noted how one of the companys principal investigators just published a paper in Nature on how Calico is using AI to predict genome folding from DNA sequence alone.

Calico is mining for answers to longevity in human DNA by creating its own hardware and software to automate and accelerate that search. One of its other high-profile ventures, in fact, involved mining the genetic database of for three years. The Holy Grail was to find genetic commonalities among those who live longer, but research delivered some unexpected results. Another study based on the Ancestry data in another prestigious journal, Genetics, found that while longevity runs in families, DNA isnt as strong an influence on how long an individual lives, so just because Grandpa Joe lived to 103 doesnt mean youre going to outlive a lifetime of junk food.

Other ongoing collaborations include the Broad Institute of MIT and Harvard, the Buck Institute for Research on Aging, and C4 Therapeutics (CCCC), a small-cap biotech company focused on treating diseases of aging, including cancer, by degrading proteins known to drive disease.

Pretty much every story on Calico refers to the fact that the former Genentech CEO Art Levinson, who has a PhD in biochemistry, is in charge of the Alphabet subsidiary. Acquired by Roche for nearly $47 billion about a dozen years ago, Genentech was considered the worlds oldest and most successful biotechnology company. Its also worth noting that he serves on the boards of Apple and the Broad Institute, as well as formerly served on the boards of small-cap biotechs, including Amyris Biotechnologies, a synthetic biology stock. He is also an advisor on a bunch of scientific boards. So the assumption is that this guy knows what hes doing in terms of his scientific expertise needed to lead one of the most well-funded, private, anti-aging R&D labs in the world.

As we told you more than five years ago, Calico will likely forever be an innovation lab similar to Alphabets DeepMind AI lab in London. The only thing close to a pure-play in the longevity theme is perhaps C4 Therapeutics, which has developed a novel platform for harnessing the bodys natural mechanisms for regulating protein levels to fight diseases of aging. But the Boston area biopharmaceutical company is on pace to double its losses in 2020 from 2019, and it gets all of its revenue from collaboration agreements like the one with Calico. Well just have to wait for a Brad Pitt pill and make our money on the market the old-fashioned way over time.

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Calico Purring Right Along With Life Extension Research - Nanalyze

Get healthy in Feb. with AgriLife – Pleasanton Express

By Pleasanton Express Staff | on January 27, 2021

The Texas A&M Agri- Life Extension Service in Atascosa County has some events coming up to help families reach their health goals.

Walk N Talk

Join the 2021 Walk N Talk FABLOW AgriLife group on Facebook, a walking program that kicks off on Feb. 1. This eight-week series is a multi-county collaboration between the Extension Service in Frio, Atascosa, Bee, Live Oak and Wilson Counties.

They will have daily posts, weekly lessons with live cooking and walking sessions. Each week, a new fruit or vegetable will be featured. Lets support each other in a fun and simple way.

Cooking Well for Healthy Blood Pressure

The Extension Service will also host the upcoming series, Cooking Well for Healthy Blood Pressure. This online cooking school is designed to help those concerned about high blood pressure and anyone who prepares meals for them.

This series of three interactive classes is full of research-based information and healthy recipes. Classes will be held via Zoom on these dates:

Feb. 2, DASHing to Improved Health

Feb. 9, A Virtual Grocery Store Tour

Feb. 16, Cooking with Spices and Herbs

All classes are at noon. Presenters will be Nicole Demmer, Wilson County FCH Agent; Dru Benavides, Atascosa County FCH Agent, Hillary Long, Bastrop County FCH Agent and Methodist Healthcare Ministries Nurses.

Please RSVP to or call 512- 581-7186. Are you ready to explore the new flavors of heart-healthy meals? Sign up today.

Get healthy in Feb. with AgriLife - Pleasanton Express

Wellness Supplements Market Statistics 2021- Industry Insights and COVID-19 impact analysis with Future Opportunities 2027 | Life Extension, OPTAVIA,…

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Increasing penetration of smartphones, tablets and other mobile platform; increasing utilization of connected medical devices and Wellness Supplements application and increasing healthcare cost are some factors driving the growth of the market. Additionally, rising acceptance of Wellness Supplements as a primary source of information has impelled the market growth positively. Moreover, it covers the government regulations & policies of prominent regions that are affecting the dynamics of the market.Conclusive study about the growth plot of Wellness Supplements Market for forthcoming years.In-depth understanding of market-particular drivers, constraints and major micro markets.

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Wellness Supplements Market Statistics 2021- Industry Insights and COVID-19 impact analysis with Future Opportunities 2027 | Life Extension, OPTAVIA,...

Great Panther Files NI 43-101 Technical Report for the Tucano Gold Mine and Provides Update on Exploration Strategy and Programs for 2021 – PRNewswire

TSX: GPR | NYSE American: GPL

(All dollar amounts expressed in US dollars unless otherwise noted)

VANCOUVER, BC, Jan.29, 2021 /PRNewswire/ - Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great Panther" or the "Company") announces today it has filed the "Technical Report on the 2020 Mineral Reserves and Mineral Resources of the Tucano Gold Mine, Amapa State, Brazil" ("Technical Report"). The Technical Report supports the Company's updated Mineral Reserve and Mineral Resource estimate ("MRMR") for Tucano announced by news release onDecember 15, 2020.

The Technical Report has an effective date ofSeptember 30, 2020, and is available on SEDAR at http://www.sedar.comand on the Company's website at,and will be filed on EDGAR as soon as practicable at

2021 Exploration Programs and Exploration Strategy Update

"Our 2020 exploration programs were successful in extending the existing open pit mine life at Tucano and adding significant resources to our mineral inventory for the Guanajuato Mine Complex", stated Rob Henderson, President and CEO. "2021 will represent a significant increase in our exploration efforts with a planned record of 90,000 metres of drilling representing a $13 million investment. Our key objectives will be to continue to extend the Tucano open pit mine life, further prove up the underground with a view to extending the high-grade zones, and make meaningful inroads into key targets in the expansive Tucano regional land package. Building on our 2020 exploration success in Mexico will also be a key focus for this year."

The Great Panther exploration strategy is built on the objective of result driven exploration programs leading to resource replacement and near-mine growth, and longer-term organic growth through regional exploration.

The following outlines Great Panther's 90,000 metres ("m") drilling program for 2021.

Drilling Program


USD (millions)

Tucano (Brazil)

Open pit












Mexican Operating Mines










Other Projects(2)







"GMC" refers to the Guanajuato Mine Complex comprised of the Guanajuato Mine, San Ignacio Mine and the Cata processing plant.


Planned 2021 drilling metres and expenditure for Other Projects (described below) are new disclosures. The Company previously provided planned 2021 drilling expenditures for the Tucano Mine and Mexican operating mines in its January 14, 2021 press release which provided production and cost guidance for these mines.

Tucano (Brazil)

Great Panther's strategy for Tucano is to explore and grow the gold resource potential of the tenement portfolio, covering an almost 2,000 square kilometres ("km2") portion of the Vila Nova Greenstone Belt (the "Belt"). In 2021, five drill rigs are planned to complete 60,000m of drilling and over 500km of regional soil sampling will identify high priority regional targets.

The Tucano Gold Mine is host to a 7-kilometer-long trend of gold deposits surrounded by the large, near 2,000km2 tenement package controlled by Great Panther. Despite the long history of the deposit, discovered in the late 1990's and with first production in 2005, little exploration or resource drilling has been carried out outside the Tucano mine trend. A number of targets were defined in aero-geophysical and regional geochemical surveys in the late 1990's and Great Panther plans include carrying exploration of those viewed as the highest potential targets within reasonable proximity of the current mining operations.

Open Pit Resource replacement and expansion. The 24,000m combined Reverse Circulation ("RC") and Diamond Drilling ("DD") campaign is focused on near-mine targets including TAPC, Urso and Torres, as well as testing of several geochemical anomalies associated with the mine sequence that have not been evaluated.

Urucum underground. The current underground MRMR incorporates just part of the anomalous trend below the Urucum pits. There are a number of high-grade mineralized zones suggested by the modelling of the historical drilling. The 8,000m diamond drilling program is focused on upgrading one of the known high-grade zones at Urucum North while testing another zone at Urucum Central. The extent of these high-grade zones is important in determining the placement of the primary decline that will be used to access the mining areas.

Regional target drilling. A total of 28,000m has been planned for fast-track evaluation of key targets such as Mutum, Saraminda and Lona Amarela using Auger, Rotary Air Blast ("RAB") and RC drilling programs plus multi-element soil geochemistry. Initial orientation studies in 2020 and currently underway at Mutum suggest the interpretation of detailed soil sampling using multi-element geochemical analyses will allow for the skipping of the auger drilling step and going straight to RAB or RC drilling, which is expected to accelerate the start of drill permitting processes by four to eight months. A detailed soil grid is currently being opened to cover the 5km long Mutum gold trend and RAB and RC programs are being prepared for Saraminda and Lona Amarela. Mutum, Saraminda and Lona Amarela are within 15 km of the of the existing mine operations.

New target generation. Having defined the regional structural model associated with the mineralization events, Great Panther has prioritized high potential exploration corridors within the 2000km2 area of interest. It has initiated a program of regional multi-element soil sampling over these corridors with the intention of defining new targets within the Belt and prioritizing these targets using the combination of the geochemistry and existing regional aero-geophysical data.


San Ignacio.Exploration efforts continue with 5,000m of fill-in surface drilling planned along the Purisima veins south of the development of the San Pedro ramp, deeper in the Purisima/Purisima alto vein system and continue testing for Au-Ag mineralization along 1.1km of Purisima vein north from the old San Ignacio shaft.

Guanajuato. A concerted effort of sampling and geological mapping in accessible parts of the historical mining areas is near completion and will be followed by a planned 10,000m of underground drilling on the most prospective areas, including along the north side of Valenciana, between Valenciana and Cata, and in the Pozos, Promontorio, and Guanajuatito areas. The 2020 exploration efforts more than doubled the known Inferred Mineral Resource estimate. See the Company's news release dated November 23, 2020 and the related technical report filed on December 23, 2020 with an effective date of July 31, 2020 for more details.

Topia. 5,000 m exploration surface drilling are planned focussed on defining new Mineral Resources in six areas along the strike and down-dip extents of present mining efforts.

Other Projects

Other Projects. These may include the Plomo gold project in Sonora ("Plomo"), El Horcn which has proximity to the GMC, or Coricancha in Peru. The $2.0 million budgeted for these projects will be allocated on the basis of a number of factors including potential for return on investment, access and availability of resources, community and permitting considerations. Plans for Plomo, for example, will see detailed geological / alteration / structural mapping to confirm an earlier geological interpretation from 2012, before any surface drill testing. El Horcon drilling will be subject to a successful study on the addition of a zinc concentrate flotation for the Guanajuato plant. Drilling for Coricancha would focus on expanding readily accessible high grade Mineral Resources along the Constancia, Wellington, and Escondida veins and is subject to achieving acceptable community agreements for access.


All scientific and technical information contained in this news release has been reviewed and approved by Neil Hepworth, Chartered Engineer MIMMM, Chief Operating Officer of Great Panther, Nicholas Winer, FAusIMM, Vice-President, Exploration of Great Panther, and Robert F. Brown, P. Eng., Geological Consultant of Great Panther, each a non-independent Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101)".


Great Panther is a growing gold and silver producer focused on the Americas. The Company owns a diversified portfolio of assets inBrazil,MexicoandPeruthat includes three operating gold and silver mines, four exploration projects, and an advanced development project. Great Panther is actively exploring large land packages in highly prospective districts and is pursuing acquisition opportunities to complement its existing portfolio. Great Panther trades on the Toronto Stock Exchange under the symbol GPR, and on the NYSE American under the symbol GPL.


This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of Canadian securities laws (together, "forward-looking statements"). Such forward-looking statements may include, but are not limited to, statements regarding: the Tucano Mineral Reserve and Mineral Resource estimates and the GMC Mineral Resource estimates and the assumptions underlying the estimates; the Tucano life of mine extensions; the Company's ability to advance successfully opportunities for resource growth and mine life extension in the future; the exploration potential of Tucano near-mine, underground and regional land package; the Company's plans to complete and results of further exploration and drilling at Tucano, Topia, GMC, Plomo, El Horcn and Coricancha; the Company's ability to further prove up the underground resources to support the development of an underground mine; the Company's ability to successfully execute and fund its exploration strategies as planned; and the Company's plans to pursue acquisition opportunities to complement its existing portfolio.

These forward-looking statements and information reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties, and contingencies. These assumptions include: the accuracy of the Company's Mineral Reserve and Mineral Resource estimates and the assumptions upon which they are based; ore grades and recoveries; metal prices remaining as estimated; national and international transportation arrangements to deliver Tucano's gold dor to international refineries continue to remain available, despite inherent risks due to COVID19; international refineries that the Company uses continue to operate and refine the Company's gold dor, and in a timely manner such that the Company is able to realize revenue from the sale of its refined metal in the timeframe anticipated, despite inherent risks due to COVID19; currency exchange rates remaining as estimated; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation); all necessary permits, licenses and regulatory approvals for the Company's operations and exploration and drilling programs are received in a timely manner and maintained, including the various drilling permits required to complete the programs; the Company will be able to access the prospective exploration and drilling areas without interruption; continued operations at Tucano in accordance with the Company's mine plan, including the expectations regarding the ongoing geotechnical control of Urucum Central South ("UCS") where mining re-started in the last week of October; management's estimates in connection with the assessment of provisions for loss and contingent liabilities relating to legal proceedings may differ materially from the ultimate loss or damages incurred by the Company; assumption that the Company will be successful in resolving the legal claims that ban the use of cyanide in the Tucano processing; management's estimates regarding the carrying value of its mineral properties may be subject to change in future financial periods, which may result in further writedowns and consequential impairment loss; conditions in the financial markets; the ability to procure equipment and operating supplies and that there are no material unanticipated variations in the cost of energy or supplies; the accuracy of the geological, operational and price and exchange rate assumptions on which the cost assumptions are based; operations not being disrupted by issues such as pit-wall failures or instability, mechanical failures, labour disturbances and workforce shortages, illegal occupations or mining, seismic events, and adverse weather conditions; the Company's expectations that metallurgical, environmental, permitting, legal, title, taxation, socio-economic, political, marketing or other issues will not materially affect the estimates or Mineral Reserves and Mineral Resources or its future mining plans; and the Company's ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to: the impact of COVID19 on the Company's ability to operate as anticipated, including the risk of an unplanned partial or full shutdown of the Company's mines and processing plants, whether voluntary or imposed by authorities, which would adversely impact the Company's revenues, financial condition and ability to meet its production and cost guidance; the inherent risk that estimates of Mineral Reserves and Resources may not be accurate or that the assumptions upon which they are based are different than expected; the discontinuity of the ore body and mine selectivity may result in a risk that dilution and mining recovery estimates used in the Mineral Reserve estimation do not accurately reconcile with the Company's ability to recover the tonnage, grade and metal content estimated in the Mineral Reserves; metal prices may decline or may be less than forecasted; fluctuations in currency exchange rates (including the U.S. dollar to Brazilian real exchange rate) may increase costs of operations; potential of further instability or failure of walls of the UCS pit, which compromises a material part of the Mineral Reserves being accessed in 2021; there is no assurance that the Company will be able to continue mining and be able to access the UCS Mineral Reserves which may adversely impact the Company's Mineral Reserve estimates, production plans and future revenues, including the potential risk that the Mineral Reserves at UCS may not be accessible at all or that access may be dependent on further remedial work that might interrupt operations; operational and physical risks inherent in mining operations (including pit wall collapses, tailings storage facility failures, environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather) may result in unforeseen costs, shut downs, delays in production and exposure to liability; risk that the Company is not successful in its litigation, including a risk that the use of cyanide would be banned in respect of Tucano's operations causing Tucano to have to cease operations if an alternative to cyanide treatment cannot be identified and implemented in a cost-effective way (of which there is no assurance); planned exploration activities may not result in conversion of existing Mineral Resources into Mineral Reserves or discovery of new Mineral Resources; potential political and social risks involving Great Panther's operations in a foreign jurisdiction; the potential for unexpected costs and expenses or overruns; employee and contractor relations; relationships with, and claims by, local communities; the Company's ability to obtain and maintain all necessary permits, licenses and regulatory approvals in a timely manner, which if not granted could result in an interruption to operations, including the permits and approvals of the expansion of the GMC tailings facility and the exploration and drilling programs required to complete the various programs being planned; changes in laws, regulations and government practices in the jurisdictions in which the Company operates; legal restrictions related to mining; diminishing quantities or grades of Mineral Reserves as properties are mined; operating or technical difficulties in mineral exploration; changes in project parameters as plans continue to be refined; the Company's inability to meet its production forecasts or to generate the anticipated cash flows from operations could result in the Company's inability to meet its scheduled debt payments when due or to meet financial covenants to which the Company is subject; ability to maintain and renew agreements with local communities to support continued operations, including any access which may be required for the exploration and drilling programs described in this news release; there is no assurance that the Company will be able to identify or complete acquisition opportunities; and other risks and uncertainties, including those described in respect of Great Panther, in its annual information form for the year ended December 31, 2019 and material change reports filed with the Canadian Securities Administrators available at http://www.sedar.comand reports on Form 40-F and Form 6-K filed with the Securities and Exchange Commission and available at

There is no assurance that these forward-looking statements will prove accurate or that actual results will not vary materially from these forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described, or intended. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward-looking statements and information are designed to help readers understand management's current views of our near- and longer-term prospects and may not be appropriate for other purposes. The Company does not intend, nor does it assume any obligation to update or revise forward-looking statements or information, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by applicable law.


The Company prepares its disclosure in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Terms relating to Mineral Resources in this news release are defined in accordance with NI 43-101 under the guidelines set out in the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards for Mineral Resources and Mineral Reserves 2014 (CIM Definition Standards).

The United States Securities and Exchange Commission (the "SEC") has adopted amendments effective February 25, 2019 (the "SEC Modernization Rules") to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the United States Securities Exchange Act of 1934. The SEC Modernization Rules have replaced SEC Industry Guide 7, which will be rescinded following a transition period and after the required compliance date of the SEC Modernization Rules.

As a result of the adoption of the SEC Modernization Rules, the SEC will now recognize estimates of "Measured Mineral Resources", "Indicated Mineral Resources" and "Inferred Mineral Resources", which are defined in substantially similar terms to the corresponding CIM Definition Standards. In addition, the SEC has amended its definitions of "Proven Mineral Reserves" and "Probable Mineral Reserves" to be substantially similar to the corresponding CIM Definition Standards.

United States investors are cautioned that while the foregoing terms are "substantially similar" to corresponding definitions under the CIM Definition Standards, there are differences in the definitions under the SEC Modernization Rules and the CIM Definition Standards. Accordingly, there is no assurance any Mineral Resources that the Company may report as "Measured Mineral Resources", "Indicated Mineral Resources" and "Inferred Mineral Resources" under NI 43-101 would be the same had the Company prepared the resource estimates under the standards adopted under the SEC Modernization Rules.

United States investors are also cautioned that while the SEC will now recognize "Measured Mineral Resources", "Indicated Mineral Resources" and "Inferred Mineral Resources", investors should not assume that any part or all of the mineral deposits in these categories would ever be converted into a higher category of Mineral Resources or into Mineral Reserves. Mineralization described by these terms has a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. Accordingly, investors are cautioned not to assume that any "Measured Mineral Resources", "Indicated Mineral Resources", or "Inferred Mineral Resources" that the Company reports are or will be economically or legally mineable.

Further, "Inferred Resources" have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. Therefore, United States investors are also cautioned not to assume that all or any part of the Inferred Resources exist. In accordance with Canadian securities laws, estimates of "Inferred Mineral Resources" cannot form the basis of feasibility or other economic studies, except in limited circumstances where permitted under NI 43-101.

In addition, disclosure of "contained ounces" is permitted disclosure under Canadian regulations; however, the SEC has historically only permitted issuers to report mineralization as in place tonnage and grade without reference to unit measures.

SOURCE Great Panther Mining Limited

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Great Panther Files NI 43-101 Technical Report for the Tucano Gold Mine and Provides Update on Exploration Strategy and Programs for 2021 - PRNewswire

Sweden Looks to the Past to Prepare for Its Defense Future – Defense & Security Monitor

The long national awakening to a renewed threat presented by Russia has prompted Swedens political leadership to dip into its past to prepare for potential future conflict.

The new preparations encapsulated in the governments Total Defense (Totalfrsvaret) 2021-2025 bill introduced in December seek to safeguard the countrys independence and territorial integrity by enhancing the military deterrent and drawing upon a whole-of-society approach traditionally referred to as Civil Defense.

Resiliency against myriad threats forms the basis of Swedens Total Defense concept, which originated in the 1940s but has now been dusted off and brought up to date to deal with modern gray-zone warfare tactical challenges.

Foremost in the countrys Total Defense preparation will be enhancing the force structure of the Swedish armed forces (Frsvarsmakten, or Defense Force).

The first step involves expanding the number of personnel across the military organization from the current 60,000 to 90,000, a 50 percent increase. In addition, the annual number of conscripts absorbed into the military ranks will grow from about 4,000 currently to 8,000 by 2025.

The government plans to retain the Swedish Armys two existing brigades while beginning to organize and stand up a third mechanized brigade and a reduced motorized brigade in the area of the capital, Stockholm.

An additional marine amphibious battalion will be created and based in Gothenburg, on Swedens western coast along the Kattegat Sea area, with both of these battalions receiving new vessels and unmanned systems.

The strategic island of Gotland will have its defenses further strengthened with air defense systems.

Back in late 2017, the Swedish government opted to reinstate a permanent military presence on the Baltic Sea island under the re-raised Gotland Regiment (roughly 350 troops), which had been disbanded in 2005. The disbanding of the regiment left the island situated strategically in the middle of the Baltic Sea, and thus crucial to controlling naval traffic through the Baltic waterways with no military presence. This step marked the nadir of Swedens reform measures begun in 1999 that significantly pruned the overall size and capabilities of the armed forces in order to generate cost savings for the government.

Also on tap is an expansion of the peacetime organization of the armed forces. This will entail the re-establishment of former regiments and building up a military presence across the country, the latter with the twin goals of increasing the security footprint and deterrent and bolstering popular national support for the military.

Along with more soldiers and units, the stand-by territorial defense force, the Home Guard, will receive additional materiel including vehicles, sensors, and nighttime combat equipment.

In terms of additional hardware capabilities, the Swedish Army will see a gradual replacement of its Leopard 2 (Stridsvagn 122 in Swedish service) main battle tanks and CV90 infantry fighting vehicles. These projects will begin in the timeframe of the Total Defense bill, resulting in the replacement of platforms introduced into service by the early 1930s. Additional firepower in the form of artillery pieces supplemental to the existing Archer wheeled self-propelled howitzers (SPHs) is also on tap.

On the naval side, the Royal Swedish Navy fleet of submarines will grow from four to five, as the third of three Gotland class submarines, HSwMS Uppland, will receive a service-life extension and upgrade to keep her in service into the latter half of the decade. This upgrade was earlier recommended by Swedens Defense Commission in its white paper presented to Parliament on May 14, 2019. With the two new-generation Blekinge class submarines (Type A26) expected to be delivered by 2025, this will provide the service with five active submarines just as a program to replace the Gotland class fleet kicks off.

The Navys surface fleet will receive some attention as well, with the five Visby class corvettes undergoing midlife upgrades that will equip them with new air defense, torpedo and unmanned systems, allowing them to remain in service out to 2040. Replacement projects for the other two types of corvettes the pairs of Gavle and Stockholm class ships will get underway on one-for-one bases, with the Gavle class successors arriving between 2026 and 2030 and the Stockholm class replacement to be ordered by 2030.

The minesweeping fleet consisting of two classes of ships (Sparo and Koster) will be put through a life-extension program.

For the Swedish Air Force, the combat aircraft fleet will remain at 100 fighters in six squadrons more than originally envisioned. The earlier goal was for the new JAS 39E Gripen models to replace the older JAS 39C/D variants outright, but instead up to 40 C/D models will be retained through 2035 to bolster combat aircraft capacity. This will result in 60 Gripen Es based in four squadrons, with the C/D variants filling the remaining two squadrons. The Gripen Es are to achieve Final Operational Capability (FOC) by 2027.

Additional missiles, electronic warfare capabilities, new unmanned systems, and new airborne early warning and control (AEW&C) platforms to replace the existing two Saab 340 Erieye units will also be acquired.

To cover the cost of these ambitions, the government plans to significantly increase annual defense expenditures with the goal of hitting a topline allocation of SEK89 billion ($10.7 billion) by 2025, a 27 percent rise in nominal value from the 2020 earmark. The annual upticks to the budget between 2021 and 2025 will average nearly SEK5 billion ($600 million) per year, with the 2021 budget already nominally 10 percent higher than the previous years budget and 8.3 percent higher in real terms.

The funding will no doubt be received gratefully by the armed forces, which have pressed for significantly higher allocations than previously provided. Now they will do better than what the cross-party Defense Committee called for in its white paper on development of Swedens defense released in May 2019, which was a defense spending increase to SEK84 billion by 2025. In an indication of the heightened concerns about Russia, the actual funding will instead come out 6 percent higher than the Defense Committee request.

The slow re-focus on defense has taken years and multiple indications of Russian aggression along the European periphery (most crucially in Ukraines Crimean Peninsula in 2014) and into Swedish waters and airspace to gather real momentum.

The following all contributed to the buildup of concern in Stockholm: a simulated air attack on Sweden during a Russian military exercise in March 2013; submarine intrusions in the Stockholm archipelago in October 2014 that stoked remembrances of the infamous October 1981 Whiskey on the Rocks incident near the Swedish naval base in Karlskrona in which a Soviet Whiskey class submarine ran aground in national waters; and a Russian amphibious operation rehearsal in Kaliningrad in August 2019, followed by the appearance of Russian vessels in Swedish waters near Gothenburg one month later.

Still, the slowness in responding to Russias provocations alarmed many in Swedens military.

Now Stockholm is trying to make up for lost time.

It has responded by re-equipping its coastal defense anti-ship batteries, reinforcing the defense of Gotland, restarting military conscription, and issuing civil defense brochures to all citizens in preparation of national emergencies. Parliament has even flirted with the idea of joining NATO more as a statement aimed at Russia rather than a practical political measure.

Meanwhile, Sweden has stepped up security cooperation with the U.S. and military exercises with American forces. It has even allowed the permanent stationing of a U.S. Army Green Beret team on its soil to help train the Home Guard in resistance operations.

The proactive steps being taken by Stockholm represent a past is prologue template, one that allowed Sweden to maintain its independence and neutrality during the Cold War.

Back then, of course, Sweden retained a significant combat component in terms of both capacity and capability. With exorbitant costs for cutting-edge military technologies and post-Cold War-era societal changes factored into the equation, Sweden is highly unlikely to embark on an effort to reconstitute a combat aircraft fleet of 300 fighters or a naval component featuring 12 submarines, for instance.

But it will once again devote enough attention and funding to its high-end military capabilities, while identifying and combatting cyber- and information-warfare tactics practiced by Russia, to lend the Kremlin pause before seeking to test Swedens mettle.

International Military Markets Europe

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Yamana Gold Provides 2021-2023 Guidance and Ten-Year Overview – GlobeNewswire

TORONTO, Jan. 25, 2021 (GLOBE NEWSWIRE) -- YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:AUY) (Yamana or the Company) herein provides 2021, 2022, and 2023 production guidance, 2021 cost guidance, and its 10-year production overview.

The following table presents the Company's total gold, silver and gold equivalent ounces ("GEO") production expectations in 2021, 2022 and 2023. The Company notes that it guides on GEO production and costs based on a particular assumption of gold and silver prices. Although underlying gold and silver production does not change with the fluctuation in gold and silver prices, the change in the GEO ratio from such fluctuations may result in a different GEO production than that guided.

The Company looks at production within a normal range of +/- 3%, and the guidance values noted below reflect the mid-point of this production range for the 2021-2023 period.

The production profile for 2021 to 2023 shows sequential growth in gold production. Several growth opportunities are available, and in the near and medium-term the Company remains focused on optimizing the existing portfolio of five operating mines while also advancing studies for various expansion projects and longer term development assets.

The Company expects to continue its established trend of delivering stronger production in the second half of the year, with approximately 53% of production slated for the second half, along with quarterly sequential increases in production.

(i) GEO assumes gold ounces plus the equivalent of silver ounces using a ratio of 72:1 for 2021, 2022 and 2023. Included in full year 2020 production figures are 18,929 gold ounces of pre-commercial production, related to the Company's 50% interest in the Canadian Malartic mine's Barnat deposit. Pre-commercial production ounces are excluded from sales figures, although pre-commercial production ounces that were sold during their respective period of production had the corresponding revenues and cost of sales capitalized to mineral properties.

The following table presents mine-by-mine production results for Yamana Mines for 2020 and expectations for 2021.

(ii) Included in full year 2020 production figures are 18,929 gold ounces of pre-commercial production, related to the Company's 50% interest in the Canadian Malartic mine's Barnat deposit. Pre-commercial production ounces are excluded from sales figures, although pre-commercial production ounces that were sold during their respective period of production had the corresponding revenues and cost of sales capitalized to mineral properties.

Cost Outlook

The Company anticipates that it will continue to incur some costs in relation to COVID-19 in the near future.Current expectation of pandemic related costs is that those costs will continue to be incurred during the first half of the year and begin to decrease in the second half of the year with a rollout of vaccinations expected in most countries in which the Company operates. With increasing numbers of the population receiving the vaccine, the Company would expect to see increasing immunity and decreasing caseloads, allowing for gradual easing of our COVID-related controls and associated costs toward the second half of 2021 as noted. Total costs are not expected to exceed approximately $20 million for the year. Similarly to 2020, COVID-19 costs are disclosed as part of mine operating earnings as temporary suspension, standby and other incremental COVID-19 costs and are excluded from cash costs and all-in sustaining costs (AISC).

The expected decline in COVID-19 costs throughout the upcoming year also corresponds to the Companys customary lower second half of the year costs, associated with higher production levels.

The following table presents guidance ranges for 2021.

(iii) A cautionary note regarding non-GAAP financial measures and additional subtotals in financial statements are included in Section 12: Non-GAAP Performance Measures of this MD&A. Total cost of sales per GEO sold will be provided in conjunction with the Companys annual results.(iv) Mine site AISC includes cash costs, mine site general and administrative expense, sustaining capital, capitalized exploration and expensed exploration. Consolidated AISC incorporates additional non-mine site costs including corporate general and administrative expense.

The following table presents expansionary capital, sustaining capital and exploration spend expectations by mine for 2021:

(i) Related to Yamanas ownership in MARA of 56.25%

Approximately 70% of the Companys expected exploration spend is capital in nature.

Capital expenditure values for 2021 do not include the cost to add to long-term ore stockpile balances at Canadian Malartic. These costs are estimated at $15.0 million for 2021 compared to $5.9 million for 2020, both on a 50% basis.

The following table presents other expenditure expectations for 2021:

(i) 2021 guidance for cash taxes paid is based on metal prices per the guidance assumption table. Further, cash taxes paid consider payments made in relation to prior years, as in certain jurisdictions, payments and true-ups related to a fiscal years taxes are settled in the next fiscal year.

Guidance Assumptions

Key assumptions, in relation to the above guidance, are presented in the table below.

2021 Sensitivity Impact



(i) Actual metal prices and exchange rates shown in the table above are the average metal prices and exchange rates for the year ended December 31, 2020.

The Company may enter into forward contracts or other risk management strategies, from time to time, to hedge against the risk of an increase in the value of foreign currencies in the jurisdictions in which the Company operates. Please refer to the Foreign Exchange Hedging Section of this release for further details.


Canadian Malartic (50%)

Canadian Malartic exceeded its revised 2020 guidance, producing 284,000 ounces of gold. Production last year was impacted by COVID-19 related restrictions on mining in Quebec and is forecast to increase in 2021 to 350,000 ounces, with AISC projected to decline to $850-$885 per ounce from $945 per ounce in 2020. Mining is transitioning from the Canadian Malartic pit to the Barnat pit, which is now in commercial production, and 70% of the total tonnes mined in 2021 are expected to come from Barnat. The Canadian Malartic pit will be depleted in the first half of 2023, and waste rock and tailings will be deposited into the pit beginning in 2023.

The operation continues to advance the underground project, which consists of the East Gouldie, Odyssey, and East Malartic zones, (collectively known as the Odyssey project). Key development milestones over the next three years include the development of a ramp into the Odyssey, East Malartic, and East Gouldie zones, which will allow for tighter definition drilling to further expand the mineral resource base, along with headframe construction and shaft sinking. First production from Odyssey is expected in 2023. These milestones are included in the production and cost outlooks provided above. A preliminary economic assessment for the project is expected to be completed in February 2021.


The Jacobina mine continues to be a standout performer, consistently exceeding expectations. Production in 2021 is forecast to be in a similar range to the all-time high recorded in 2020 at low AISC of $735-$765 per ounce. The operation exceeded the targeted throughput rate of 6,500 tonnes per day (tpd) for the Phase 1 expansion, and it continues to identify and implement additional processing plant optimizations to further increase throughput, improve recoveries, and reduce costs. Beyond further optimizations, the Feasibility Study for Jacobinas Phase 2 expansion plans to increase throughput to 8,500 tpd and raise annual production to 230,000 ounces remains on track for mid-2021.

In a separate initiative, Jacobina is evaluating the installation of a backfill plant that would allow up to 2,000 tpd of tailings to be deposited in underground voids. In addition to reducing the mines environmental footprint, a backfill plant would extend the life of the mines existing tailings storage facility and improve mining recovery, resulting in increased conversion of mineral resources to mineral reserves.

El Pen

Overall GEO production in 2021 is forecast to be in line with production in 2020, but improvements to cost structure are expected to be realized in 2021, with cash costs expected to range between $620-$660 per GEO and AISC(1) forecast at between $835-$870 per GEO. The mines current production ratethe result of the right-sizing of the operation initiated in late 2016increased cash flow while ensuring the long-term sustainability of the mine. Exploration successes over the last two years has resulted in an increase in mineral reserves, unlocking opportunities to incrementally increase production by leveraging excess processing capacity at El Pen. The operation can process approximately 4,200 tpd, which represents upside of 20-30% above currently budgeted levels, with no additional capital expenditures required.

1. Refers to a non-GAAP financial measure.

Minera Florida

Minera Florida exceeded its full year production guidance, posting its highest production level since 2010 and the second highest since entering production in 1986.(1) Gold production is forecast to be at a similar level in 2021. The strategy at Minera Florida is to extend mine life and unlock opportunities for increased annual gold production following an approach similar to the approach taken at Jacobina. This includes focusing on mineral reserve development and generating an inventory of prepared mining areas to increase operational flexibility. The short-term focus is to achieve consistent throughput of 74,500 tonnes per month (tpm) from the underground mine while continuing improvements in the mine that will increase feed grade to align with mineral reserve grade and set the stage for further expansions.

1. Excluding gold production from the reclamation of historic tailings.

Cerro Moro

Production and costs in 2020 at Cerro Moro were significantly impacted by COVID-19 related restrictions on travel and work rosters. The mine and processing plant are currently running at full capacity, though COVID-19 continues to present a risk of further disruptions, particularly during the first half of the year. Exploration drilling and underground capital development were also delayed by COVID-19 in 2020. Hence, Cerro Moro is planning higher production in 2021, but will ramp-up gradually throughout the year as it mines new underground levels. Exploration drilling continues in the core mine area at Cerro Moro with positive results and opportunities to convert mineral resources into mineral reserves and generate new high-grade discoveries. The operation is evaluating construction of a heap leach operation, a lower-cost processing alternative that would allow for the processing of lower-grade mineral reserves, potentially extending mine life. The evaluation is in the early stages with a preliminary study completed and metallurgical lab testing currently underway.


A graphic accompanying this announcement is available at

1. Production guidance for the period 2021 2023 reflects the mid-point of the production range of +/- 3%.2. Production from 2024 2030 is illustrative production profile.3. GEO assumes gold plus silver at a ratio of 72:1.

Base Case

Yamana has a strong 10-year base case outlook with a sustainable production platform of 1 million GEO per year through 2030. Production will be underpinned by continued operational success at the Companys existing operations, which have consistently replaced mineral reserves above depletion.

Robust exploration results are expected to drive incremental production growth at Minera Florida, which has a low-cost opportunity to increase capacity at its existing processing plant. The long-term strategy at Minera Florida is to increase monthly throughput from 74,500 tpm to 100,000 tpm with a corresponding production increase of up to 120,000 ounces of gold per year at AISC below $1,000 per ounce.

At El Pen, which recently completed its twenty-first year of production, the Company has a high degree of confidence that it will continue to replace mineral reserves through new discoveries and infill drilling on several major veins, thereby maintaining mine life visibility for at least another 10 years. The operation is targeting annual production of 260,000 GEO at AISC below $900 per GEO, with the production increase to be supported by the mines existing processing capacity of up to 4,200 tpd and no additional capital spending required.

The base case assumes continuing exploration success at Cerro Moro, which will support a mine life extension. The Company is investing in exploration drilling on its large mine property and surrounding area, which together exceed 300,000 hectares, with efforts currently focusing on both the core mine area and new mineralized zones close to existing mineral reserves. Further upside is available from significant mineralization that has been identified at below current mineral reserve cut-off grades that could potentially be mined economically using lower-cost heap leach processing that would occur in parallel with the existing processing plant.

The base case also includes the Canadian Malartic underground project, which represents the next evolution for Canadas largest gold mine. First production is expected in 2023 from the Odyssey South zone with the Upper East Gouldie zone expected to come online in 2027. The most recent underground mineral resource for the project, which was published in February 2020, showed more than 10 million ounces of gold (100% basis), including 9,596,000 ounces of inferred mineral resources (100% basis) and 830,000 ounces of indicated mineral resources (100% basis). In the interim, exploration results have been exceptional, improving economics and increasing confidence that the underground project will be a multi-hundred thousand ounce annual producer for decades. The Company will provide an updated mineral resource and further details on the development for the underground project when it reports its fourth quarter and full year results on February 11, 2021.

The base case scenario also includes the Jacobina Phase 2 expansion, which will increase throughput to 8,500 tpd and raise annual production to 230,000 ounces, a 28% increase from current levels. In addition, the Company plans to implement a Phase 3 expansion at Jacobina which, for a modest cost, would increase throughput to 10,000 tpd without the need for additional grinding capacity and raise annual production to 270,000 ounces by approximately 2027.

The Company is well-positioned to fund all exploration, expansions, projects and opportunities identified in its guidance and decade-long outlook using available cash and cash flow from operations. Based on current forecasts, annual expansionary capital expenditures are expected to be in the range of $100 million and $125 million, on average, over the next four years, the result of which is that the Company will be well-positioned to manage all its capital allocation priorities, objectives and plans, including payment and increases in dividends. The Company forecasts that it should be able to sustain its dividend at the current rate even if the price of gold were to decline to significantly lower levels, and should be able to support and increase its dividend at the current price of gold as its cash balances increase. The Company notes that in addition to its cash balances and cash flows, it also has interests in securities, instruments and assets that can and, over time, will likely be monetized, which will further increase cash balances for redeployment to the Companys capital allocation priorities, objectives and plans.

Upside Case

The Companys upside case is for annual production to trend above 1 million GEO by mid-decade, reaching 1.2 million GEO by approximately 2028. The upside case is underpinned primarily by the newly acquired Wasamac projecta future underground mine located in Quebecs Abitibi region just 100 kilometres away from Canadian Malartic. The project, which is expected to enter production in 2025, currently has a mineral reserve base of 1.8 million ounces of gold. Based on the 2018 Feasibility Study conducted by Wasamacs previous owner, Monarch Gold, production is projected at 160,000 ounces of gold per year at a low AISC of $635 per ounce. Yamana believes there is considerable upside for future exploration success and mineral resource conversion, with the deposit remaining open at depth and along strike. The Company will target increasing the mineral inventory and perform optimizations to enhance the projects value, advance engineering, and de-risk execution, leveraging the Companys technical expertise and adhering to its disciplined capital approach.

Additional Long-Term Upside

The Company has a number of compelling development and exploration stage projects in its pipeline with the potential to drive significant long-term production upside towards the end of the current decade and beyond. These include the MARA project, one of the largest copper-gold projects in the world; the Suyai Project, a large gold project in Chubut Province, Argentina, that is projected to reach production of up to 250,000 ounces annually in its first eight years; and a number of advanced exploration projects in the Companys generative exploration program, including Lavra Velha, Monument Bay, Jacobina Norte, and Borborema. Assuming just two of these projects, MARA and Suyai, are constructed within the next 10 years, annual production would almost double.


As at December 31, 2020, the Company had zero-cost collar contracts, which allow the Company to participate in exchange rate movements between two strikes, as follows:

(i) R$ = Brazilian Reais(ii) Evenly split by month.

In addition, as at December 31, 2020, the Company had forward contracts as follows:

(i) R$ = Brazilian Reais(ii) Evenly split by month.

Subsequent to December 31, 2020, the Company entered into new zero-cost collar contracts, which allow the Company to participate in exchange rate movements between two strikes, as follows:

(i) R$ = Brazilian Reais(ii) Evenly split by month.

Additionally, the Company entered into new forward contracts as follows:

(i)R$ = Brazilian Reais, CLP = Chilean Pesos, C$ = Canadian Dollars(ii)Evenly split by month.


The Company will provide a corporate update webcast on Tuesday, January 26, 2021, from 10:00 am-12:00 pm ET (3:00-5:00 pm GMT) during which it will expand on its guidance and decade-long outlook, share its strategic priorities, and provide an operational update.The event will be accessible via conference call or webcast with further details below. Analysts and investors who intend to attend or who may not be able to attend the webcast are advised that a detailed presentation which will be relied upon for the webcast is available and can be accessed on the Companys website at

The conference call replay will be available from January 26, 2021, until 11:59 p.m. ET (5:00 am GMT) on February 26, 2021.

About YamanaYamana Gold Inc. is a Canadian-based precious metals producer with significant gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. Yamana plans to continue to build on this base through expansion and optimization initiatives at existing operating mines, development of new mines, the advancement of its exploration properties and, at times, by targeting other consolidation opportunities with a primary focus in the Americas.

FOR FURTHER INFORMATION PLEASE CONTACT:Investor Relations416-815-02201-888-809-0925Email:

FTI Consulting (UK Public Relations)Sara Powell / Ben Brewerton +44 203 727 1000Email:

Credit Suisse (Joint UK Corporate Broker)Ben Lawrence / David Nangle Telephone: +44 (0) 20 7888 8888

Joh.BerenbergGossler& Co. KG (Joint UK Corporate Broker)Matthew Armitt / Jennifer Wyllie / Detlir EleziTelephone: +44 (0) 20 3207 7800

Peel Hunt LLP (Joint UK Corporate Broker)Ross Allister / David McKeown / Alexander AllenTelephone: +44 (0) 20 7418 8900

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This news release contains or incorporates by reference forward-looking statements and forward-looking information under applicable Canadian securities legislation and within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking information includes, but is not limited to information with respect to the Companys strategy, plans or future financial or operating performance, changes to its dividend policy and dividend reporting, the implementation of a cash reserve fund in order to sustain dividend level independent of gold prices, the Companys expectation that it will continue to generate cash flow and execute on monetization initiatives, some of which will support the cash reserve fund, or updates regarding mineral reserves and mineral resources. Forward-looking statements are characterized by words such as plan", expect, budget, target, project, intend, believe, anticipate, estimate and other similar words, or statements that certain events or conditions may or will occur. Forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include unforeseen impacts on cash flow, monetization initiatives, and available residual cash, an inability to maintain a cash reserve fund balance that can support current or future dividend increases, the outcome of various planned technical studies, production and exploration, development, optimizations and expansion plans at the Company's projects, changes in national and local government legislation, taxation, controls or regulations and/or change in the administration of laws, policies and practices, and the impact of general business and economic conditions, global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future conditions, fluctuating metal prices (such as gold, silver and zinc), currency exchange rates (such as the Brazilian Real, the Chilean Peso and the Argentine Peso versus the United States Dollar), the impact of inflation, possible variations in ore grade or recovery rates, changes in the Companys hedging program, changes in accounting policies, changes in mineral resources and mineral reserves, risks related to asset dispositions, risks related to metal purchase agreements, risks related to acquisitions, changes in project parameters as plans continue to be refined, changes in project development, unanticipated costs and expenses, higher prices for fuel, steel, power, labour and other consumables contributing to higher costs and general risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, unexpected changes in mine life, final pricing for concentrate sales, unanticipated results of future studies, seasonality and unanticipated weather changes, costs and timing of the development of new deposits, success of exploration activities, permitting timelines, government regulation and the risk of government expropriation or nationalization of mining operations, risks related to relying on local advisors and consultants in foreign jurisdictions, environmental risks, unanticipated reclamation expenses, risks relating to joint venture or jointly owned operations, title disputes or claims, limitations on insurance coverage, timing and possible outcome of pending and outstanding litigation and labour disputes, risks related to enforcing legal rights in foreign jurisdictions, as well as those risk factors discussed or referred to herein and in the Company's Annual Information Form filed with the securities regulatory authorities in all provinces of Canada and available at, and the Companys Annual Report on Form40-F filed with the United States Securities and Exchange Commission. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended.There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or managements estimates, assumptions or opinions should change, except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Companys expected financial and operational performance and results as at and for the periods ended on the dates presented in the Companys plans and objectives and may not be appropriate for other purposes.

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Yamana Gold Provides 2021-2023 Guidance and Ten-Year Overview - GlobeNewswire

Here are the challenges involved in building the future US Navy –

The Constitution directs Congress to provide and maintain a Navy. This direction is open to many interpretations, but Congress resolved the current policy with direction to build a 355-ship Navy with 12 carriers and defined other categories of ships. The president signed the law, but the last administration did nothing to implement it. Now is the time to start implementation.

Russia is rebuilding its Navy with emphasis on highly capable submarines. But the major challenge comes from China.

During the last 30 years, China has transitioned from a land power to a major maritime power. It started with commercial activities. It is the largest producer of merchant ships. It has one of the largest commercial fleets in international trade. It has container and port management in several countries, including the United States. It has roughly 17,000 open-ocean fishing ships around the world.

As described in a recent U.S. Defense Department study, China now has the worlds largest navy. It has an overseas base on the Red Sea, with others planned in the Indian Ocean area. Navy shipbuilding is accelerating, with quality improving in each ship generation. It has not caught up with the U.S. and allies, but the challenge is clear.

The Biden administration will undertake a review of naval forces but must understand the rapid change now occurring. Shipbuilding budgets of the last 30 years will not be adequate to build this fleet. They will need to approximate the Cold War annual average of about $25 billion in constant dollars.

The important starting point is carrier force levels. Carriers have proven to be the most important naval force when power is needed. Many in the Pentagon want to reduce the current level of 11 to eight. This is wrong. Congress has it right by planning 12. The fastest way to get there is refueling the aircraft carrier Nimitz rather than retiring it.

Rebuilding will be a combination of new construction and upgrading, with life extension of current ships. For example, the current plan will retire 22 guided-missile cruisers with 2,000 missile launchers and 44 5-inch guns. This is a major offensive capability that should be retained along with that ship class anti-submarine capability.

There are a few glimmers of hope. The DDG-51 class has contained cost growth and is a promising ballistic missile defense ship. The new frigate, based on a proven Italian design, provides hope to a low cost but capable, multimission combatant that, with competition, can be built in quantity.

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Many problems remain. The Ford-class carrier is about 10 years late and 25 percent over budget largely because the mission-critical weapons elevators as well as both aircraft-launch and arresting-gear projects failed on the planned schedule.

Attack submarine production ramp-up is currently limited by a supplier base shrunken in the 1990s. The new ballistic missile submarine now shows signs of design delay. The littoral combat ship is still searching for a mission. Propulsion system reliability on one design has caused deliveries to be stopped.

Plus there is the very high cost DDG-1000, which does not have ammunition for its unique gun because development was canceled. Navy wants to build a new cruiser but has not developed the combat system (nor the cost estimate) for it. Several classes of logistic ships are planned, but costs have risen far beyond the constant dollar costs of prior classes.

Added to all this is the diversion of unmanned ships. Many assume that these experimental prototype ships will be the Navy of the future. While there are important and probable missions, performance is not proven.

The cost-management problem is best summarized by the replacement cost of the amphibious assault ship Bonhomme Richard. Original cost in constant dollars is $1.3 billion. The Navy says that current replacement cost is $4.1 billion. This is a clear case of out-of-control requirements creep and manufacturing inefficiency at many levels.

Cost control has to be restored if there is to be any hope of rebuilding the Navy.

Rebuilding and expanding the Navy is a major challenge. Recent results do not inspire confidence. The four important and interdependent lessons that we learned in the 1980s need to be remembered and applied. In brief, they are:

Everett Pyatt is a former assistant secretary of the U.S. Navy for shipbuilding and logistics.

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Here are the challenges involved in building the future US Navy -

Divine Flavor adopts StePac’ modified atmosphere standing pouches for extending produce shelf life in the retail sector – PRNewswire

TEFEN, Israel, Jan. 19, 2021 /PRNewswire/ -- Fresh produce packaging innovators, StePac Ltd. are gaining growing interest in the retail sector for their functional standing pouches. The attractive, high-performance resealable bags are crafted with the company's proprietary Xgoadvanced modified atmosphere/modified humidity (MA/MH) technology. They're designed to significantly lengthen the shelf life of fresh produce and reduce waste in the supply chain as well as in the consumer's homes. The pouch enhances consumer experience and concurrently helps raise the fresh food packaging sector to greater ethical standards by contributing its part to the global waste reduction effort.

Divine Flavor, LLC, a San Diego, Calif.-based, grower-owned distributor of fruits and vegetables and part of agro giant Grupo Alta, have already adopted StePac's new standing pouches. The attractively designed Xgo standing pouch is cleverly engineered to combine shelf-life extension capabilities by actively slowing the aging and ripening process, with convenience in an attractive "grab-n-go" retail packaging format.

Since 2010, Divine Flavor took advantage of StePac's Xtendline ofbulk packaging for transporting its squash, cucumbers and bell peppers from growing regions in Mexico to USA. The company began testing the new Xgo standing pouches just over two years ago in a move to expand their line of high value products and bring differentiation of their brand by offering supermarkets a means of bringing the purposeful packaging benefits all the way from the farm to the consumer.

Xgo standing pouches allowed the company to shift to packing fresh produce in the final retail format at source. Impressed by the consistent performance, the Divine Flavor technical team fully adopted the protocol in 2020 for direct field-to-home refrigerator packaging of its Persian cucumbers for the US market. It is now arousing the interest of fresh produce distributers around the globe.

"The Xgo standing pouch is a remarkably high performing product, with an unrivalled ability to retain freshness and meaningfully extend product shelf life," attests Michael DuPuis, Quality Assurance and Public Relations Coordinator for Divine Flavors. "The Feedback from our customers has been excellent; they're really happy with the quality and attractive appearance and the fact that it has that sustainability edge consumers are seeking."

The Xgostanding pouchlife extension capabilities are due to unique properties inbuilt into the packaging matrix that functions to lower oxygen (O2) and increase carbon dioxide (CO2). This creates optimal conditions for slowing respiration and senescence (aging) in plant tissues, inhibiting the growth of mold and other microorganisms, thereby preserving freshness and valuable nutrients. The StePac technology limits dehydration and product weight loss during storage, shipment, and home use and has inbuilt condensation control, that ensures high visibility of the packed products even under challenging supply chain conditions.

StePac's breakthrough pouches are resealable and are also available in fully recyclable formats, contributing to a circular economy. They can be decoratively printed for personal brands to evoke instant product recognition while on the shelves and come with a convenient grab handle.

"Our packaging designs have traditionally focused on the wholesale sector, offering a lean functional solution to bulk packaging of high-value fresh produce that can support long haul shipments as well as storage," says Gary Ward, Ph.D., Business Development Manager for StePac. "It already demonstrated abilities to extend shelf life by 50-100%, bringing promising support to food-waste reduction. In the midst of current Covid19 climate, concerns for food safety are driving demand for more retail packaging. We have purpose designed our packaging to preserve quality and reduce waste in the most sustainable way possible. We are increasingly venturing into the retail sector to bring this sustainable resource saving solution into consumers' homes."

About StePac:

StePac specializes in functional packaging for fresh produce. Its globally recognized brands include Xtend, Xgo, Xflow and Xbloom modified-atmosphere/modified-humidity packaging solutions. These solutions reduce weight loss, slow respiration and aging, and inhibit microbial decay, while prolonging storability and shelf life. They are supported by a wealth of post-harvest expertise for enhanced performance and sustainability.


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Divine Flavor adopts StePac' modified atmosphere standing pouches for extending produce shelf life in the retail sector - PRNewswire