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Verra Mobility and New York City Department of Transportation finalize five-year, $998 million contract aimed at improving safety through expanded traffic enforcement programs
Prnewswire· 2026-02-11 14:05
Core Insights - Verra Mobility has finalized a five-year contract worth $998 million with the New York City Department of Transportation to manage the city's automated traffic enforcement programs, marking a 34% increase from the previous contract period [1] - The new contract will expand the red-light safety camera program to 600 intersections, significantly increasing from 150, and will also enhance bus lane enforcement [1] - The contract includes commitments to utilize 33% minority- and women-owned business enterprises and emphasizes community partnerships and public education [1] Contract Details - The contract will be effective from January 1, 2026, following the expiration of the previous contract in December 2025 [1] - Verra Mobility has managed NYC's automated enforcement programs for over 30 years, making it the largest network of its kind in the nation [1] - The expansion of the red-light camera program is supported by legislation signed by New York State Governor Kathy Hochul in 2025 [1] Community Impact - The partnership aims to create local employment opportunities, having already connected over 100 New Yorkers from underserved communities with jobs related to the program [1] - The collaboration with local businesses, such as Windsor Electrical Contracting Inc., highlights the commitment to improving roadway safety and supporting local economies [1] - The initiative is expected to enhance public safety and reduce pedestrian deaths, contributing to the city's lowest number of pedestrian fatalities in history [1]
Palm City Welcomes New Nautical Ventures Retail Store, Supporting Over 1,100 Tenders Sold Across the Network
Prnewswire· 2026-02-09 12:50
Core Insights - Vision Marine Technologies Inc. has opened a new Nautical Ventures retail store in Palm City, Florida, marking a significant milestone with over 1,100 yacht tenders sold since 2021 [1][4][5] - The Palm City location serves as a high-volume tender rigging and logistics center, reflecting sustained customer demand and operational scale [2][5] - The yacht tender and inflatable boat segment is a substantial part of the global marine industry, with long-term demand driven by superyacht activity and charter fleets [3][6] Company Developments - The Palm City store will enhance Vision Marine's retail presence and support centralized rigging and delivery operations for tenders sold across the Nautical Ventures network [5][6] - The company is formalizing Palm City as a customer-facing dealership, which will improve customer access along Florida's Atlantic coast [5][6] - Vision Marine's strategy includes leveraging its E-Motion™ high-voltage electric propulsion system within the yacht tender segment, aiming for future integration on applicable platforms [6][7] Industry Context - The global inflatable boat market operates at a multi-billion-dollar scale, supported by increasing demand for performance and service in the yacht tender segment [3][4] - The evolution of the tender market has transformed it from a functional accessory to a central component of boating experiences, leading to increased expectations from customers [4][6] - Vision Marine's disciplined tender strategy focuses on asset optimization and scalable execution to capitalize on market opportunities [3][6]
Baltimore City Public Schools Chief Human Capital Officer Emily L. Nielson Receives Distinguished Service Award
Globenewswire· 2026-02-04 18:00
Core Insights - Emily L. Nielson, Chief Human Capital Officer for Baltimore City Public Schools, received the 2026 Distinguished Service Award for her contributions to urban education [1][3] - Nielson has significantly improved staffing and operational efficiency since joining in 2022, leading to a 25% increase in teacher hiring year over year in 2023 and the lowest teacher vacancy levels recorded in 2025 [2][3] Company Achievements - Under Nielson's leadership, the time to deliver offer letters was reduced from three weeks to three days, enhancing the hiring process [2] - Nielson initiated the Maryland-Virginia-DC CHRO network to foster collaboration among HR leaders in large districts [2] Recognition and Impact - The award highlights Nielson's successful efforts in staff recruitment and retention, as well as her modernization of the human resources department [3] - Nielson's leadership is recognized as transformative for urban school districts, demonstrating the impact of strategic human capital management on education [3]
Florida City Gas and Florida Public Utilities Named 2025 Utility Customer Champions by Escalent
Prnewswire· 2026-01-30 16:30
Core Insights - Chesapeake Utilities Corporation's subsidiaries, Florida City Gas and Florida Public Utilities, have been recognized as 2025 Utility Customer Champions by Escalent, highlighting their exceptional service and commitment to customer satisfaction [1][3]. Group 1: Recognition and Achievements - The Utility Customer Champion designation is awarded based on Escalent's research and analysis of customer experiences, indicating a strong dedication to customer trust and support [3][4]. - Florida Public Utilities received the Customer Champion designation for the first time, while Florida City Gas has been recognized for the fourth time, previously earning accolades in 2024, 2023, and 2022 [5]. Group 2: Company Commitment - The leadership of Chesapeake Utilities emphasizes a commitment to customer-centric service, aiming to be a customer champion daily [2][4]. - Both subsidiaries scored 769 on Escalent's Engaged Customer Relationship Index, placing them in the top decile of utility providers [4]. Group 3: Company Overview - Chesapeake Utilities Corporation is a diversified energy delivery company listed on the New York Stock Exchange, providing sustainable energy solutions through various services including natural gas and electricity distribution [6]. - Florida City Gas serves over 122,500 customers across multiple counties in Florida and operates approximately 3,980 miles of distribution pipeline [7]. - Florida Public Utilities serves more than 153,000 customers in Florida, distributing natural gas, propane, and providing electric services [8].
River City Bank Reports Net Income of $68.4 Million for 2025, Net Income for the Fourth Quarter of $21.0 Million and an Increase in the Quarterly Cash Dividend
Accessnewswire· 2026-01-29 21:05
Core Viewpoint - River City Bank reported a decline in net income for the year ended December 31, 2025, compared to the previous year, indicating potential challenges in profitability [1] Financial Performance - For the year ended December 31, 2025, the Bank's net income was $68.4 million, or $4.69 per diluted share, down from $73.4 million, or $4.99 per diluted share, for the year ended December 31, 2024 [1] - For the quarter ended December 31, 2025, the Bank reported net income of $21.0 million, or $1.45 per diluted share, which is slightly lower than $21.3 million, or $1.45 per diluted share, for the same period in 2024 [1]
Healthcare Triangle, Inc. Announces Participation and Presentation at the Deal Flow Discovery Conference in Atlantic City
Prnewswire· 2026-01-28 15:10
Core Insights - Healthcare Triangle, Inc. (HCTI) is participating in the Deal Flow Discovery Conference on January 28-29, 2026, in Atlantic City, New Jersey, where it will present its strategic vision and growth initiatives [1][1][1] Company Overview - HCTI is a leader in digital transformation solutions for healthcare and life sciences, focusing on improving health outcomes through better utilization of data and information technologies [1][1] - The company provides HITRUST Certification for its Cloud and Data Platform, demonstrating high standards for data protection and information security [1][1] Conference Participation - At the conference, HCTI will showcase its expanding portfolio, including healthcare cloud services, AI-driven data platforms, and digital transformation solutions for hospitals and health systems [1][1] - The leadership team will discuss recent milestones and growth initiatives, including an International Acquisition Road Map and proprietary patient engagement tools [1][1] Strategic Focus - HCTI emphasizes AI-led managed services aimed at enhancing efficiency, cost optimization, and business agility in the highly regulated healthcare and life sciences industries [1][1] - The company is focused on cybersecurity and compliance solutions, behavioral healthcare solutions in EMEA, and digital-first healthcare solutions for providers [1][1]
Happy City Holdings Limited Receives Nasdaq Notification Regarding Minimum Stockholders' Equity Deficiency
Globenewswire· 2026-01-27 21:30
Core Viewpoint - Happy City Holdings Limited is currently not in compliance with Nasdaq's Minimum Stockholders' Equity Rule, as it reported stockholders' equity of $2,206,497, below the required $2,500,000 [1][2]. Group 1: Compliance Status - The Company received a notification from Nasdaq on January 23, 2026, indicating non-compliance with the minimum stockholders' equity requirement [1]. - The Company has until March 9, 2026, to submit a plan to regain compliance, with the possibility of an extension of up to 180 days if the plan is accepted [3][4]. Group 2: Business Operations - Despite the notification, the trading of the Company's Class A Ordinary Shares under the symbol "HCHL" on Nasdaq is unaffected, and its business operations remain stable [3]. - The Company is actively evaluating measures to regain compliance while maintaining its listing on Nasdaq [4]. Group 3: Company Overview - Happy City Holdings Limited operates three all-you-can-eat hotpot restaurants in Hong Kong, offering a unique dining experience with a focus on food quality [5].
PROCEPT BioRobotics® to Host 4Q25 Earnings Conference Call on February 24, 2026, and Investor Day on February 25, 2026, in New York City
Globenewswire· 2026-01-26 21:03
Group 1 - The company, PROCEPT BioRobotics Corporation, will report its financial results for Q4 2025 on February 24, 2026, after market close, followed by a conference call at 4:30 p.m. Eastern Time [1] - An in-person investor day event is scheduled for February 25, 2026, at NASDAQ Headquarters in New York City, starting at 8:00 a.m. Eastern Time, with advance registration recommended [2] - Live webcasts of both the financial results and investor day will be available on the company's website, with recordings archived for at least 90 days [3] Group 2 - PROCEPT BioRobotics aims to revolutionize BPH treatment globally by providing advanced robotic solutions that enhance patient outcomes and deliver value [4] - The company manufactures the AQUABEAM® and HYDROS® Robotic Systems, with the HYDROS system being the only AI-powered technology for Aquablation therapy, designed for effective treatment of lower urinary tract symptoms in men [4] - BPH is the most common prostate disease, affecting approximately 40 million men in the United States [4]
City Holding (CHCO) Upgraded to Buy: Here's What You Should Know
ZACKS· 2026-01-23 18:00
Core Viewpoint - City Holding (CHCO) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based solely on changes in a company's earnings picture, which is a powerful determinant of stock price movements [2][4]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in stock price movements [4]. Company Performance and Outlook - The upgrade for City Holding reflects an improvement in the company's underlying business, suggesting that investor sentiment may drive the stock price higher [5]. - For the fiscal year ending December 2026, City Holding is expected to earn $8.78 per share, with a 7% increase in the Zacks Consensus Estimate over the past three months [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks which have averaged a +25% annual return since 1988 [7]. - City Holding's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].
SunCoke Energy, Inc. Announces Extension of Granite City Cokemaking Agreement
Businesswire· 2026-01-22 13:30
Group 1 - SunCoke Energy, Inc. and United States Steel have agreed to a 1-year extension of their cokemaking agreement, which will now run through December 31, 2026, with key terms similar to the prior extension [1] - SunCoke Energy supplies high-quality coke for steel production and foundry applications, primarily under long-term, take-or-pay contracts, and also exports coke internationally [2] - The company utilizes innovative heat-recovery technology in its cokemaking process and has over 60 years of experience, operating facilities in multiple states and Brazil [2] Group 2 - SunCoke's industrial services include material handling for various industries, with logistics terminals capable of mixing and transloading over 40 million tons of material annually [2] - The company provides additional services such as the handling and processing of molten slag and the transportation of metal scraps and raw materials [2] - SunCoke routinely communicates material information to investors through various channels, including press releases and SEC filings, encouraging stakeholders to monitor updates on its website [3]