Companies news of 2018-03-06 (page 1)

CenturyLink CEO Glen Post to retire in May effective on date of CenturyLink's 2018 Annual Shareholders' Meeting

Jeff Storey to become CenturyLink CEO and President

MONROE, Louisiana, March 6, 2018 /PRNewswire/ -- CenturyLink, Inc. (NYSE: CTL) today announced that Chief Executive Officer Glen F. Post, III intends to retire from the company effective the day of CenturyLink's 2018 Annual Shareholder Meeting in May. Post had previously announced his intention to retire effective Jan. 1, 2019. President and Chief Operating Officer Jeff Storey will become CenturyLink's CEO and President effective at the time of Post's retirement.

CenturyLink logo.

"After serving as CenturyLink's CEO for more than 26 years, I have decided to retire effective at this year's shareholders' meeting," Post said. "While my original plan was to stay in my role through the end of 2018, Jeff has more than demonstrated his ability to assume this leadership role and I believe we should make this change sooner than originally planned. Also, while I will continue to serve the company as a board member, I will not assume the role of chairman of the board in order to ensure there is clarity that Jeff will be CenturyLink's new leader," Post added.

"Through our employees' hard work and commitment and by the grace of God, CenturyLink has achieved remarkable success during my 42 years of service. Retiring after so many years is bittersweet, but I leave the company in great hands and I am confident in our future. I am grateful for the support I have enjoyed and I look forward to supporting Jeff as he leads CenturyLink in the years to come," Post concluded.

"Glen has done a tremendous job leading CenturyLink. His vision has equipped CenturyLink with the capabilities to meet the ever-increasing demand for bandwidth, provide the digitalization of life for our consumer customers and address the evolving complexity for our enterprise customers," said Storey. "We have great opportunities ahead and I am excited to be part of the team that is carrying this legacy forward."

The company also announced that Harvey Perry will remain in his role as chairman of the board of directors and Bruce Hanks has been appointed as lead independent director.

"Glen has led CenturyLink's impressive rise to be one of the world's premier communications companies," Perry said. "Under his leadership, CenturyLink's annual revenues have grown from $281 million in 1991 to approximately $24 billion, on a pro forma basis, in 2017 and total assets have increased from nearly $765 million in 1991 to over $75 billion at year end 2017. It's a remarkable track record. But just as impressive is the steady example of selfless leadership, concern for others and doing the right thing that Glen has exhibited during his more than 40 years of service. He has left an indelible impression on the culture and history of our company," added Perry. "And we are fortunate to have Jeff following in his footsteps. Jeff has worked tirelessly to make the integration a success. He has a proven track record and we are highly confident in his ability to take the reins from Glen and push our vision forward."

About CenturyLink
CenturyLink (NYSE: CTL) is the second largest U.S. communications provider to global enterprise customers. With customers in more than 60 countries and an intense focus on the customer experience, CenturyLink strives to be the world's best networking company by solving customers' increased demand for reliable and secure connections. The company also serves as its customers' trusted partner, helping them manage increased network and IT complexity and providing managed network and cyber security solutions that help protect their business.

Forward-Looking Statements
Except for historical and factual information, the matters set forth in this release identified by words such as "expects," "anticipates," "believes," "plans," "intends," and similar expressions are forward-looking statements as defined by the federal securities laws, and are subject to the "safe harbor" protections thereunder. These forward-looking statements are not guarantees of future results and are based on current expectations only, and are subject to uncertainties. Actual events and results may differ materially from those anticipated by us in those statements. We may change our intentions or plans discussed in our forward-looking statements without notice at any time and for any reason.

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Globant has been selected by Thomas Cook Money as a preferred IT Development Partner

Globant's digital journey model to support Thomas Cook Money's goal of transforming holiday money and insurance services

LONDON, March 6 , 2018 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company, focused on creating digital journeys, announces it has been selected as one of the preferred IT Development providers of Thomas Cook Money to transform the holiday money and insurance services it provides to its customers, to give them more control.

Globant Logo. (PRNewsFoto/Globant)

Globant specializes in building agile teams and combining engineering and design to create unique digital experiences. This, paired with its portfolio of global financial services, technology and travel clients, will support Thomas Cook Money on their mission to help customers save, spend, borrow and protect their holiday money, both at home and abroad.

Martín Migoya, CEO at Globant. "Our focus on creating unique and seamless digital experiences is central to the work we will do with Thomas Cook Money. It needs an agile partner who can move fast and learn quickly to optimize the customer experience. At Globant, we constantly strive to create the most innovative products and ways of thinking in the industry, and this gives Thomas Cook a competitive edge as it continues to transform its services. Our employees and culture are what really set us apart as everyone is deeply rooted in their commitment to digital transformation. We are always thinking of new ways to improve business outcomes through our studios and labs and are excited to lend that mindset and skill set to Thomas Cook."

"Thomas Cook Money is not a bank. We're a holiday company with a mission to help make holiday money easier to manage for everyone all year round, not just for the two weeks customers are away. Our helpful new digital products let you save-up, pay for, spend and protect on your holidays. Digital disruption and innovation has to be at the heart of any business wishing to deliver brilliant customer experiences, and Globant's international presence and expertise in next-level trends, such as AI, UX and IoT, supported our decision to work together to deliver the best digital experiences for holiday makers." Haakan Andresen, Technology Director, Thomas Cook Money

Globant and Thomas Cook Group have worked together for over five years and are delighted to continue this long-term relationship, supporting Thomas Cook Money's IT requirements as they continue to grow and build their business.

About Globant
We are a digitally native technology services company. We are passionate about building the new way of being digital. We want to help our clients emotionally connect with consumers and employees, leveraging the power of artificial intelligence for business optimization. We are the place where engineering, design, and innovation meet scale.

  • Globant has more than 6,700 professionals in 12 countries working for companies like LinkedIn, BBVA, EA, and Coca Cola, among others.
  • We were named a Worldwide Leader of Digital Strategy Consulting Services by IDC MarketScape report (2016 and 2017)
  • We were also featured as a business case study at Harvard, MIT, and Stanford.  

For more information, visit

About Thomas Cook Money
Thomas Cook Group plc launched its new financial services division; Thomas Cook Money Ltd, in November 2017. Thomas Cook Money brings all of Thomas Cook's existing financial services under one roof and has new products to help customers plan, save, borrow and spend, both at home and abroad. These include Lyk, an app-based prepaid travel card and Roam, a flexible travel insurance product. Thomas Cook Money unites a digitally led vision to a long heritage of foreign exchange and travel insurance to deliver a modern customer experience to holiday money.

Media Contact
Meg Avril
Walker Sands Communications 

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Securitas Issues 7 Year Eurobond

STOCKHOLM, March 6, 2018 /PRNewswire/ --

The coupon rate was set at 1.25 percent and the maturity date is March 6, 2025. The proceeds from the loan will be used to refinance existing credit facilities and for general corporate purposes. The joint lead managers were HSBC, Nordea and UniCredit.

This press release is also available at:

Information: Micaela Sjökvist, Head of Investor Relations, Securitas AB, mobile +46-76-116-7443 or email

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LINK Mobility and Bankbridge in New Payment Partnership in Europe

OSLO, Norway, March 6, 2018 /PRNewswire/ --

LINK Mobility Group ASA, Europe's leading provider of mobile messaging and solutions has entered into a partnership agreement with Norwegian payment integration provider BankBridge to deliver Europe's first mobile account-to-account service for both public and private organizations issuing mobile invoices to customers.

The service will be launched during 2018/19 across LINK Mobility's entire European footprint, a total of 14 European Markets including Norway, Germany, Spain, Sweden and Denmark. The service will run independently from third party payment schemes and will involve no interchange fees. The partnership will enable enterprises to collect payments from their customers through LINK Mobility´s messaging channels and receive payment directly from the account of the user, cutting out the layer added by other third parties.  

LINK Mobility provides the mobile messaging communication solutions, while BankBridge provides the payment infrastructure in the form of a unique integration architecture that includes a fully PSD2 compliant, unified API. The API enables the instant exchange of bank-to-bank information and related actions.

"This agreement marks the beginning of account-to-account payments delivered independently from the payment schemes and therefore excludes interchange fees. We are delighted to be part of this groundbreaking service that provides consumers in Europe ? and ultimately across the world ? with a smoother and more convenient way to pay for goods or services via the mobile." Says Christoffer Andvig, CEO of BankBridge.

"This is an exciting development and partnership enabling LINK to add more innovation and efficiency into our mobile payment offering, allowing our enterprise customers to strengthen their own interaction with their customers when invoicing their services via the mobile. The mobile will become the preferred channel for interaction between consumers and enterprises. Mobile payment solutions naturally embedded in the mobile messaging interaction is the way of the future. We consumers want to do as much as possible via the mobile; cancel appointments, pay for parcels upon delivery, pay for subscriptions and plenty more, and we want to do this at a time and context that is convenient to us. LINK aims to be at forefront in Europe enabling our enterprise customers to take advantage of all the innovation within mobile payment solutions. LINK has a growing number of customers utilizing our current services to send payment reminders or collecting payments. With the option of enabling BankBridge´s account-to-account services, the power of the mobile messaging channel and simplicity of mobile based payments really will show its potential for our European enterprise customers." says Arild Hustad, Group CEO of LINK Mobility.

For further information, please contact:

Arild Hustad, CEO
LINK Mobility Group ASA
Mob: +47-95-24-19-30


Christoffer Andvig, CEO
Fintech Innovation AS & Bankbridge
Mob: +47-93-28-89-11

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MeaWallet Signs Contract With a Nordic Non-banking Financial Institution to Deliver Mea Token Platform and Mea Masterpass

STOCKHOLM, March 6, 2018 /PRNewswire/ --

MeaWallet A/S ("MeaWallet"), part of Invuo Technologies AB, has signed an agreement with a non-banking financial institution in the Nordic region for delivery of MeaWallet's technology for Mea Token Platform and Mea Masterpass, i.e. mobile contactless payments and online payments.

The solutions of Mea Token Platform configured for MDES (Mastercard digital enablement service) as well as Mea Masterpass will be delivered as managed services, integrating MeaWallet´s platform with the financial institutions mobile wallet. Mea Token Platform will enable the institution's clients to perform digital contactless card payments (tap & pay) through their mobile wallet, while Mea Masterpass will enable secure and user-friendly online and web-to-app payments at any merchant that accepts Masterpass checkout.

The value of the contract will be around ?650,000 over a three year period and the implementation is scheduled for the second and third quarter of 2018.

For further information, please contact:

John Longhurst, CEO,, +46 8 564 878 00

This information is such that Invuo Technologies AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out above, at CET 08:50 on March 6, 2018.

About Invuo

Since 2001 Invuo has been providing its proprietary solutions and systems for mobile phone transactions. Invuo operates in two main business areas; mobile phone payment solutions provided through the brand MeaWallet?, and distribution of e-products.

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Product Marketeer From Sandvine and Commercial Solution Manager From Ericsson Join Clavister to Catalyze Product Marketing and Fuel Commercial Growth

ÖRNSKÖLDSVIK, Sweden, March 6, 2018 /PRNewswire/ --

Clavister (NASDAQ: CLAV), a leader in high-performance network security solutions, announces two new members, Thomas Vasen and Stefan Brodin, to the newly formed Marketing & Products department.

Thomas Vasen is an experienced communications and marketing professional with industry experience from Sandvine, Procera Networks and Digital Route in senior Product Marketing roles. He'll bring his formidable skills at commercial packaging of high-tech solutions and customer journeys to the marketing team and be instrumental in go-to-market execution.

Stefan Brodin?who's recent role at Ericsson as a Strategic Product Manager?is an expert at product management and customer experiences leading to commercial success. He'll join the team as a Commercial Solution Manager and will work closely with both the sales and the product management teams to implement concise packaged solutions for customers of Clavister's compelling technology.

"Having Thomas and Stefan on board is an invaluable strategic asset for Clavister as well as a terrific operational benefit that will help us achieve our ambitions at expanding commercial growth," states Clavister's Chief Marketing & Products Officer, Johan Edlund. "We're committed to a product development and marketing path that sees the company's strong technology find new customers who are absolutely going to benefit from our solutions."

For media requests or additional information please contact:

Sam Coleman, Vice President of Marketing and Corporate Communications

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Goodyear Presents New Tire Technology Designed to Advance the Performance of Electric Vehicles

GENEVA, March 6, 2018 /PRNewswire/ --

The EfficientGrip Performance prototype with Electric Drive Technology is Goodyear's latest step in developing tires that meet the specific demands of Electric Vehicles  

Goodyear offered a sneak peek during the 2018 Geneva International Motor Show of its EfficientGrip Performance with Electric Drive Technology, a prototype tire for the growing electric vehicle market that will be on the road by 2019 in Europe.

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Goodyear testing reveals that traditional tires can wear out up to 30% faster on electric vehicles due to the powerful, instant torque from electric motors and the additional vehicle weight from heavy battery packs.

"The combination of increasing regulations to reduce emissions, the desire to reduce dependence on fossil fuels, and rapid gains in battery technology is creating an ideal environment for electric vehicles," said Chris Delaney, President of Goodyear Europe, Middle East and Africa. "We are working with automakers to introduce our Electric Drive Technology next year designed to address the unique performance requirements of this growing vehicle segment."

In addition to tire durability requirements, automakers are pressing for enhanced rolling resistance on electric vehicles. Increasing range is a high priority for consumers due to an underdeveloped electric recharging infrastructure in most countries. Quiet and comfort from tires is another consideration as, at low speeds, electric vehicles generate as little as half the amount of noise as traditional vehicles.

Electric Drive Technology  

To address these challenges, the EfficientGrip Performance prototype with Electric Drive Technology offers these performance solutions:

  • Extended Mileage from Innovative Tread Design: The tread's thinner sipes (small channels) allow for a larger rubber contact patch on the road surface than traditional radial grooves. With more rubber on the road, the tire can better cope with high levels of torque while maintaining high performance in wet conditions. The tread design also prevents sound waves from entering its grooves, reducing interior and exterior tire noise.
  • High-Load-Carrying Construction: The tire cavity shape has been optimized to support the additional vehicle weight from batteries while maintaining an optimal tread footprint for high performance.
  • Extended Driving Range : The material properties of the tread compound have been tuned for ultra-low rolling resistance to extend the vehicle range while coping with high levels of torque. In addition, the sidewall has been designed to reduce aerodynamic drag and the profile yields less rotating mass, resulting in reduced energy consumption.

"As a company with a 120-year heritage of delivering innovative products that help change the world of transport, the EfficientGrip Performance prototype with Electric Drive Technology is proof that Goodyear continues to lead on this path of future mobility," Delaney said.

Connect & Download   

Visit our stand at Geneva International Motor Show:  Stand 2056, Hall 2 or visit our EMEA newsroom

Twitter: @GoodyearPress

About Goodyear 

Goodyear is one of the world's largest tire companies. It employs about 64,000 people and manufactures its products in 48 facilities in 22 countries around the world. Its two Innovation Centers in Akron, Ohio and Colmar-Berg, Luxembourg strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to     

Malachy Tuohy 
Manager, Corporate Communications EMEA
Cell: +32-472-24-20-91

Greet Willekens
Manager, Corporate Communications EMEA
Cell: +32-498-86-12-70

Alexander Verstappen
Account Executive


Leidos launches SkyLine-X? Air Traffic Management system

LONDON, March 6, 2018 /PRNewswire/ -- SkyLine-X, developed in partnership with Airways New Zealand, is to be showcased at the World ATM Congress in Madrid from the 6-8th March, 2018. A collaboration with Kazaeronavigatsia, the ANSP of the Republic of Kazakhstan, to implement SkyLine-X will be announced at this year's event.

Leidos logo. (PRNewsFoto/Leidos)

The SkyLine-X Air Traffic Management solution incorporates more precise aircraft and airspace monitoring, trajectory-based operations, encrypted voice and data communications and weather planning integration, enabling easier information sharing between airports, airlines and an ANSP.

Incorporated into SkyLine-X is Time-Based Flow Management (TBFM) technology which has already shown to boost capacity. TBFM, in use at eight of the world's ten busiest airports, enables controllers to monitor arriving aircraft at metering points outside of the airport's Flight Information Region. TBFM provides flight crossing, delay absorption time recommendations and speed advice, enabling pilots to make smaller adjustments earlier in the flight, lessening the need for no-notice holding and vectoring, reducing delays.

The integration of the FAA Medium Term Conflict Probe (MTCD) capability into SkyLine-X enhances air safety and efficiency.  This controller decision support tool is an enabler of Trajectory Based Operations (TBO), providing outlooks for potential conflicts against active trajectories which are continually updated from a full range of sensor technologies.  Trajectory models that include restrictions provide a reduction in false alarms and reduces controller workload.

SkyLine-X also features an innovative Human Machine Interface (HMI), giving it a modern look and feel that is built through a collaborative process with operational controllers and user experience experts.  This provides a highly intuitive and efficient approach to air traffic control. Drawing upon operational user interface concepts and inherently understood iconography, controller acceptance and training time are significantly decreased. The easy to use interaction model coupled with a highly configurable User Interface allows customers to shape the SkyLine-X HMI to their needs.

Xu Qian, Program Management Director ? International ATM said "Airspace and airports are only getting busier, and SkyLine-X enables a vision for a completely seamless Air Traffic Management organisation working on a single system to support en-route, terminal, tower and Oceanic control.  Leveraging over $500M of investment working with our partner ANSPs, Skyline-X delivers a system that is both highly resilient and scalable, realises a lower cost of ownership, improves safety, and supportability."

Russell Ambrose, Chief Technology Officer at Airways New Zealand said "Airways is pleased to be developing Skyline-X in collaboration with Leidos. It will play a vital role supporting our teams to deliver more resilient, flexible and efficient air navigation services to our customers. Key to supporting those improvements will be Skyline-X's intuitive and accessible HMI interface, dual channel architecture, TBFM, data-linking, and the ability to integrate our oceanic, domestic approach, enroute and tower functions into one system.

This successful partnership model previously saved Airways' customers around $2.6m per year or $36m across the life of our current ATM platform. We look forward to continuing to deliver long term savings to our customers through this successful and innovative partnership model."

About Leidos

Leidos is a Fortune 500® information technology, engineering, and science solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil and health markets. The Company's 32,000 employees support vital missions for government and commercial customers.

For more information, visit

Robert McNeill

GoverMedia Plus Canada Corp. Announces Formation of Advisory Board

VANCOUVER, British Columbia, March 6, 2018 /PRNewswire/ --

GoverMedia Plus Canada Corp. (CSE: MPLS) ("GoverMedia" or the "Company") announced today the formation of its new Advisory Board comprised of 3 globally recognized corporate, technology and finance professionals.

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The GoverMedia Plus Canada Advisory Board will serve as a key strategic resource for the Company as it continues to expand its operations and is expecting to begin the commercialisation of its state of the art internet platform. The Advisory Board will also help further develop the online ecosystem of the Company in terms of corporate partnerships, joint ventures, corporate development and M&A activities. The Company believes the extensive network and knowledge of its Advisory Board members is a crucial element to the Company's success.

Roland J. Bopp, CEO of GoverMedia Plus Canada Corp. commented, "The addition of the three advisory board members lends extensive global expertise to our company at a critical time when we are expanding our platform services and markets."

The 3 members of the GoverMedia Plus Canada Advisory Board include:

  • Prof. Dr. Roland Klose holds a PHD in business administration from the University of Wuerzburg, Germany. He is a Professor for Strategic Management and Internationalization at the FOM, University for Applied Sciences, Essen and one of the speakers of DSW and Euro-shareholders, whereby he has developed an extensive network in the industry. He serves as supervisory board member at the Berentzen Group AG and served as member of the advisory board at the DIPS, German Institute for Portfolio Strategy, Essen. He also served on the German Asia-Pacific Board, as well as the German-Design Council and is a fellow of the Baden-Baden entrepreneur's network. Prof. Dr. Klose is currently a partner of Jomec Group and responsible for the Group's M&A business in the Germany with a focus on transactions between China and Germany.
  • JJ Sendelbach has broad senior corporate and consulting experience in financial services, information technology and start-ups. He is Founder & Managing Director of Doublejay Consulting (DJC), a boutique advisory firm to the consulting and technology industry, helping its clients with strategic and inorganic growth initiatives. Mr. Sendelbach currently serves on the advisory board of 7 disruptive technology start-ups in the artificial intelligence and advanced analytics space in the US and Europe. Prior to founding DJC in 2003, JJ in his corporate life was a partner at Droege & Company, New York, the COO of Westdeutsche Landesbank, New York, Managing Director of the Shared Services unit of Deutsche Bank North America, and Senior Vice President of Deutsche Capital Markets, Japan.
  • Kai Lauterjung has a broad entrepreneurial and leadership experience in the high-technology and telecommunications sectors. He has been very active in start-up build-ups, VC financings, M&A transactions and global expansions. Mr. Lauterjung started his career at ANT Nachrichtentechnik as Head of Sales and transitioned into Romantis GmbH as Managing Director of Sales and Marketing. During the following years, Mr. Lauterjung acted as CEO of Plenexis Holding GmbH and Managing Director of ND SatCom Managed Networks GmbH. He subsequently founded Romantis Group in Moscow and TK Energy GmbH in Germany. Mr. Lauterjung benefits from a global network and experience, notably in Russia, USA, Turkey, etc.

To read the full release, please click here

ABB Earns North American Company of the Year Award from Frost & Sullivan for Digital Grid Communications

ABB's wireless communication products provide utilities with a high quality, reliable, and cost-effective foundation for smart grid infrastructures

SANTA CLARA, California, March 6, 2018 /PRNewswire/ -- Based on its recent analysis of the digital grid communication industry, Frost & Sullivan recognizes ABB with the 2018 North American Company of the Year Award for its wireless communication products that provide utilities with high-quality and real-time data, low operating costs, superior customer service, and strategic asset management.

"ABB Ability based technology offers a unified, cross-industry digital capability?extending from device to edge to cloud?that provides a robust wireless communication platform that lays the foundation for a utility's smart grid communications infrastructure," said Farah Saeed, Principal Consultant, Frost & Sullivan.

ABB sets the benchmark for digitalization with its grid communication portfolio, enabling utilities to build a highly reliable, secure, manageable and scalable foundation that meets the performance and capacity required for multiple smart grid applications. One of ABB's key value propositions is that its wireless communication products are backward-compatible with legacy meters, sensors, and other devices across the grid. This allows utilities to upgrade their communications infrastructure without replacing existing electric assets, leading to lower operating and replacement costs that will improve their bottom line. The company's full range of communications solutions provides utilities with one vendor that can help them address all their needs for advanced metering infrastructure (AMI), distribution automation, substation automation, security, and mobile workforce applications. In addition to supporting smart grids, ABB's multi-purpose products, which include both wireless networks and optical fiber, also serve a wide range of industry verticals including oil and gas, industrial control systems, automotive and transportation, mining, and smart cities.

ABB also implements industry-leading best practices to achieve operational excellence. These follow its Operational Excellence Program, which is based on the European Foundation for Quality Management Business Excellence Model. The program helps ABB offer its customers standardized products and services, consistent quality, and global processes worldwide. The company also employs a global people satisfaction survey that maps expectations and satisfaction. ABB's Service Knowledge Portal allows the company's service employees to contribute to and access the collective knowledge of the company and respond quickly to customer concerns and needs.

"ABB is a market leader in digital communications, as well as a pioneer with substation technology, leading the way with its ABB Ability platform and private wireless mesh networks," said Saeed. "The company has taken a visionary approach in developing innovative products that can address changing requirements and technological expectations in today's dynamic digital grid communications market."

Each year, Frost & Sullivan presents a Company of the Year Award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About ABB

ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization with two clear value propositions: bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. As title partner of Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 135,000 employees.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Contact us: Start the discussion.

Andrea Steinman
P: 210.477.8425
F: 210.348.1003


Invuo Resolves on Issues and Sells SDS Loans to AJ Group

STOCKHOLM, March. 6, 2018 /PRNewswire/ -- Invuo Technologies AB (publ) ("Invuo") has met an agreement with AJ Group ("AJ Group") that brings financial flexibility to Invuo. The agreement entails that AJ Group will invest approximately SEK 52million in shares and by acquiring the SDS loans as described in detail below.

The Board of Directors of Invuo has, pursuant to an authorisation from the annual general meeting 2017, resolved on a directed issue of shares of approximately SEK 26 million to the new strategic shareholder AJ Group, a highly successful multi-national conglomerate. The subscription price has been set at SEK 1.60 per share based on the volume weighted average price of the Invuo share between 12 February 2018 and 2 March 2018. The issue will raise SEK 26,135,849.60 for Invuo and a total of 16,334,906 shares have been issued. Payment for the shares shall be made in cash not later than March 30, 2018, or such later date as the Board of Directors resolves. The issue will entail dilution for the current shareholders of Invuo of approximately 16.6 per cent, after full dilution.

The issue has been implemented with deviation from the shareholders' preferential rights and the right to subscribe for the shares was only granted to AJ Group. The purpose of the issue, and the reason for the deviation from the shareholders' preferential right, was to strengthen Invuo's financial position. According to the Board of Directors' assessment, a private placement of shares was, at this point of time, the most favourable way to strengthen Invuo's financial position and the Board of Directors believes that the approach chosen for this issue does not grant an unfair advantage for the subscriber.

Furthermore, AJ Group will purchase loans held by Invuo in Seamless Distribution Systems AB (publ) ("SDS") for a total amount of SEK 20 million. After the purchase SDS will not have any outstanding debt to Invuo.

In addition, Invuo and AJ Group have agreed, as part of the transaction, that Invuo will propose to the annual general meeting 2018 a directed issue of 3,665,094 shares and 5,000,000 warrants to AJ Group. The proposal will include that the shares will have a subscription price per share of SEK 1.60, corresponding to the volume weighted average price of the Invuo share between 12 February 2018 and 2 March 2018 and the strike price of the warrants is proposed to be SEK 3.20, corresponding to the volume weighted average price of the Invuo share between 12 February 2018 and 2 March 2018 multiplied by two.

Shareholders representing 42 per cent of the shares and votes in Invuo have commited to vote in favour of the above described proposals at the annual general meeting 2018.

In total, Invuo expects to receive approximately SEK 52 million from the resolved directed issue of shares and the issue of shares and warrants after the resolution from the annual general meeting 2018 (pre-expenses), excluding funds from potential exercise of the warrants. Exercise of the warrants would raise an additional approximately SEK 16 million (pre-expenses).

Invuo CEO, John Longhurst, commented; "We are incredibly grateful to welcome AJ Group as a strategic investor in Invuo. AJ Group has a long track record of success in identifying and investing in high growth opportunities. Their support of Invuo's mission is transformational, and is a strong vote of confidence in the Company's decision to focus on its B2B activities. The Management and Board of Directors of Invuo can now focus 100 % of our energies on delivering the operating plan. Our MeaWallet business is delivering accelerating traction in a segment of the payments value chain that is also seeing accelerating growth. Our eProducts division is moving solidly toward sustained profitability."

After resolution of the issue of shares and warrants at the annual general meeting, AJ Group will be the largest shareholder with just less than 20 % of the shares in Invuo. The coming weeks Invuo´s nomination committee will finalise its preparations for the upcoming annual general meeting in April 2018. Following AJ Group's investment in Invuo, the nomination committee has agreed to propose to the annual general meeting 2018 that AJ Group may appoint a representative as member of the Board of Directors of Invuo. The nomination committee´s full proposal will be presented in the notice to the annual general meeting 2018, scheduled for late March 2018.

For further information, please contact:

John Longhurst,

This information is such that Invuo Technologies AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out above, at CET 08:50 on March 6, 2018.

About Invuo

Since 2001 Invuo has been providing its proprietary solutions and systems for mobile phone transactions. Invuo operates in two main business areas; mobile phone payment solutions provided through the brand MeaWallet?, and distribution of e-products.

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