GoodFirms survey reveals a few factors driving the growth of the app development software market, which includes technological advancements, regulatory measures, and customer demands. According to the survey, around 13.7% of the respondents said they plan to adopt the app development software in the future, while 23.7% are yet to use the software.

This research on app development software  also tried analyzing the factors that the surveyed businesses considered when selecting the right low-code, no-code application platform; about 61.9% of the respondents favored customization, 55.4% of them says should have seamless integration capabilities, 51.3% stated use cases, 47.6% added scalability, 42.8% mentioned security features, 39.1% opted for budget-friendly.

Restricted customizations (64.8%), lack of integration options (59.4%), scalability issues (52.3%), limited freedom to experiment (51.9%), rigid templates (45.1%), security concerts (38.5%) are the challenges faced while using the app development software.

GoodFirms also attempted to find out the most common reasons that made businesses opt for app development software, where the majority 69.4% of the surveyed businesses mentioned  faster app development, 51.9% of businesses opted for agile development methodologies, nearly 47.3% chose cost reduction, 32.5% indicated the reason as reduced backlogs, 11.2% for tech talent shortage, and less than 8% could not opt for heavy software development.

Regarding the future of app development software market, the survey gathered insights that  the integration of the low-code/no-code app development platforms with evolving technologies such as AI/ML, AR/VR, Blockchain, and 5G will surely lead to advancements and improved efficiency of the application development software. 

“With regard to the app development cost,  the platform comes with varied pricing structures such as free, subscription-based, per-user-per app pricing, usage-based pricing, and enterprise licensing,” clarified GoodFirms survey.

Key Findings:

• 31.8% of the surveyed businesses said that using app development software solutions has led to a rise in citizen developers.
• About 48.1% of the surveyees asserted that developing mobile applications with software is much quicker and cheaper.
• About 39.3% of surveyed businesses mentioned that app development platforms are beneficial for getting agile solutions.
• For 58.1% of the survey responders, app development software has reduced app development costs.
• Faster app development and reduced cost are the major benefits of using no-code app development software.

About Research:
GoodFirms Survey- “Transforming Your Idea into Applications: Challenges, Tips, and the Future of App Development Software Market” queried 640 businesses about their adoption of the application development software and their experience using it.

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About GoodFirms:

GoodFirms is a Washington, D.C.-based B2B review and rating platform that delivers rich, original, and in-depth coverage of IT products and services to B2B service users. Both service seekers and service providers benefit from the reviews, ratings, and research insights delivered by GoodFirms.

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Robotic cell segment is expected to grow at the highest CAGR during the forecast period.
Robotic cell segment is expected to grow at the highest CAGR during the forecast period. The growth of robotic cell in the machine vision market is driven by the the increasing need for automation and stringent quality control across industries. The combination of machine vision technology with robots enables precise assembly, defect detection, and improved quality control, thus fueling the rise of robotic cells. Their versatility in handling diverse tasks and ability to quickly adapt to changing production environments, along with the enhanced performance and safety features provided by machine vision, firmly establish their foothold for substantial growth within industrial domains.

Camera segment to record the highest CAGR during the forecast period
Camera segment is expected to grow at the highest CAGR during the forecast period. The machine vision market has experienced significant growth in camera technology. High-resolution cameras equipped with advanced features like higher frame rates, lower latency, and improved image processing capabilities have become indispensable for applications such as automation, robotics, and quality inspection. Additionally, there has been a rise in demand for specialized cameras tailored to specific industry requirements, further driving the market’s expansion.

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Smart Camera-based segment to record the highest CAGR during the forecast period
Smart Camera-based segment is expected to grow at the highest CAGR during the forecast period due to their cost-effectiveness, ease of integration, flexibility, and scalability. These systems integrate image processing capabilities directly into the camera hardware, reducing overall system costs and making them accessible to a wider range of industries. Additionally, their compact design and simplified installation process make them attractive to small to medium-sized enterprises and industries seeking to implement machine vision with minimal technical expertise. Moreover, smart camera-based systems offer flexibility and scalability, allowing for easy adaptation to changing production needs and environments.

Food & Packaging segment will dominate the market during the forecast period
Food & Packaging segment is expected to grow at the highest CAGR during the forecast period. There is a growing emphasis on quality control and food safety, driving the adoption of machine vision systems to uphold product standards and regulatory compliance. Additionally, these systems enhance production efficiency by minimizing errors and increasing throughput. Moreover, the demand for traceability in the supply chain fuels the adoption of machine vision technology, allowing for accurate tracking of products throughout their lifecycle. Furthermore, ongoing technological advancements tailored to the specific requirements of the food and packaging sector further contribute to its growth potential in the machine vision market.

Asia Pacific is expected to account for the largest share of the machine vision market during the forecast period.
Asia Pacific is expected to account for the largest share of the machine vision market during the forecast period. Rapid industrialization across sectors like manufacturing, automotive, and electronics drives demand for machine vision technologies to enhance productivity and quality control. Additionally, the increasing adoption of automation, particularly in manufacturing, fuels the need for machine vision systems for automated inspection and process monitoring. Furthermore, the region’s prominence in electronics and semiconductor manufacturing contributes to the growth of the machine vision market, as these industries rely heavily on advanced vision technologies for quality assurance and production efficiency..

Key players operating in the Machine vision market include Cognex Corporation (US), Basler AG (Germany), Omron Corporation (Japan), Keyence Corporation (Japan), Teledyne Technologies (US), Sick AG (Germany), National Instrument Corporation (US), TKH Group (Netherland), Sony Corporation (Japan), Texas Instruments Incorporated (US), Intel Corporation (US), Atlas Copco (Sweden), Microsoft (US) and Others in the Machine vision market.

This research report categorizes the overall Machine vision market based on Deployment, Component, Product, industry, and region. This report describes the drivers, restraints, opportunities, and challenges influencing the market’s growth. The value chain analysis, ecosystem, trade analysis, and the competitive landscape of the market leaders have also been included in the report’s scope.

As the Chief Student Experience Officer, she will be serving on the NDNU Cabinet and dedicating 15 hours per week to lead initiatives related to the student experience, from recruiting through post-graduation. As a higher education professional, she offers expertise in strategic planning, enrollment management, integrating education and technology, student journeys, industry research, and process management.

“I’m very pleased Cherron Hoppes has joined NDNU as Chief Student Experience Officer,” said Martin. “Ensuring that our students’ experience is fulfilling at NDNU is critically important in recruiting prospective students and retaining current students through graduation.” “Cherron’s years of experience in higher education and working with many colleges and universities across the country to help solve the challenges facing higher education will enhance our leadership team as we continue to pivot to a more virtual learning environment.”

“NDNU is an exciting university, striving to re-define itself from a more traditional, residential experience to a graduate, professional practice, and post-traditional adult institution, focused on bringing an educational experience relevant to Silicon Valley and rooted in the Hallmarks of the Sisters of Notre Dame de Namur,” said Hoppes. “I am honored to share my experiences to ensure NDNU’s students have an outstanding experience with the university from the point of inquiry to program completion. Now is the time for bold leadership in higher education and I am excited to join my colleagues in designing experiences that make a difference.”

Cherron Hoppes earned her a Master of Public Administration, with an emphasis in Higher Education from New Mexico State University and received a Doctorate in Education and Higher Education Administration from the University of Alabama. From 2007-2021, Hoppes served on accreditation teams for WASC Senior College and University Commission, including serving as chair of institutional visitation teams for the WSCUC Senior College and University Commission accreditation process.

About Notre Dame de Namur University
Notre Dame de Namur University (NDNU) is a Catholic, not-for-profit, coeducational institution serving adult learners from diverse backgrounds. Established in 1851 by the Sisters of Notre Dame de Namur, NDNU is the third-oldest college in California and the first authorized to grant women a baccalaureate degree. The university is WSCUC accredited and offers master’s in business, education, and psychology, as well as undergraduate degree completion programs in business administration and psychology, along with teacher credential programs. NDNU maintains a strong commitment to academic excellence, social justice, and community engagement. For more information, visit www.ndnu.edu

Preserve at Folsom Ranch opened for pre-sale last fall with tremendous interest from home buyers. The highly anticipated Oak Trails and Heritage Trails model homes feature innovative architecture tastefully complemented by stunning interior design, showcasing the perfect blend of luxury and iconic Californian contemporary design.

The Oak Trails collection in Preserve at Folsom Ranch offers three luxury two-story home designs. The Heritage Trails collection offers four luxury home designs, including single-story and two-story floor plans with grand entries featuring ceilings soaring up to 20-feet. Both collections feature open-concept floor plans, expansive kitchens, indoor/outdoor living spaces, lofts, spacious primary suites, and 2- or 3-car garages. Home prices start in the $900,000s for the Oak Trails collection and $1 million for the Heritage Trails collection.

Home buyers can choose from an exceptional list of personalization options including multi-paneled stacking doors, primary suite decks, indoor and outdoor fireplaces, and more. Home buyers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home buyers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.

“With floor plans designed for today’s buyers and unrivaled personalization options, Preserve at Folsom Ranch offers residents the best in luxury living in one of Folsom’s most desirable communities,” said Scott Esping, Division President of Toll Brothers in Sacramento. “We are excited to open our four new model homes to the public and bring these stunning new home collections to this very special community.”

The well-established city of Folsom boasts ample shopping, dining, and entertainment options just minutes from this exclusive community. With tree-lined open space, natural creeks and streams, and miles of meandering trails and bikeways just beyond their door, residents can find ideal space and style against a backdrop of pristine natural beauty when they call Preserve at Folsom Ranch home. Residents will also enjoy the convenience of being located near Folsom Historic Downtown District, Folsom Lake and State Park, CSUS Aquatic Center, Folsom Public Library, Folsom Lake College, Mercy Hospital, Folsom Sports Complex, and more.

For more information and to attend the grand opening event and tour the new Toll Brothers model homes at Preserve at Folsom Ranch, call 844-849-5263 or visit TollBrothers.com/SAC.

About Toll Brothers 
Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded 57 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations.

In 2024, Toll Brothers marked 10 years in a row being named to the Fortune World’s Most Admired Companies list. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.

From Fortune, ©2024 Fortune Media IP Limited. All rights reserved. Used under license.

Contact – Andrea Meck | Toll Brothers, Director, Public Relations & Social Media | 215-938-8169 | ameck@tollbrothers.com

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Jim Minicucci, senior vice president strategy, mergers and acquisitions, and portfolio management, Ashland, becomes senior vice president and general manager, personal care, Ashland.

Effective April 15, 2024, Dago Caceres, will become vice president and general manager, specialty additives, Ashland. Caceres has held previous leadership roles with IFF, DuPont, Dow, Rohm and Haas and FMC.

“Since joining Ashland last May, Jim has worked across the company with our businesses and technology leaders to hone our strategy, and his international experience and strong track record for delivering top and bottom-line results will bring great value as we invest to expand our personal care business globally,” said Guillermo Novo, chair and chief executive officer, Ashland. “Dago is a results-oriented business leader with extensive experience in strategy, marketing, sales, business development and project management. He has a proven track record in leading multi-functional, cross-regional teams to achieve business results,” continued Novo. “Jim, Dago and their teams will enable us to increase the speed and impact of our products and new technology platforms in high performance, new applications and markets,” concluded Novo.   

Both Minicucci and Caceres will report to Novo.  The company will announce the new leader for strategy, mergers and acquisitions, and portfolio management soon.

About Ashland 
Ashland Inc. (NYSE: ASH) is a global additives and specialty ingredients company with a conscious and proactive mindset for environment, social and governance (ESG). The company serves customers in a wide range of consumer and industrial markets, including architectural coatings, construction, energy, food and beverage, nutraceuticals, personal care and pharmaceutical. Approximately 3,800 passionate, tenacious solvers thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. Visit ashland.com and ashland.com/ESG to learn more. 

Trademark, Ashland or its subsidiaries, registered in various countries.

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NEO Battery Materials Ltd. (“NEO” or the “Company”), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce the appointment of Dr. Dongmok Whang, NEO’s Lead Scientific Advisor, as a new Director of the Company.

Dr. Whang commented, “It is a great pleasure to be more deeply involved with the Company that is at the forefront of revolutionizing battery technology. Only three years into R&D, NEO’s pace of performance optimization has been outstanding, considering that battery materials development is a tedious, taxing process. We will prioritize testing existing products into larger cell formats with graphite anode blends, and this next-stage optimization effort will be decisive for commercialization. Overall, I am enthusiastic about the work being completed and what I can contribute more towards NEO’s go-to-market strategy.”

From joining NEO’s Scientific Advisory Board in 2021 to being appointed Lead Scientific Advisor last August, Dr. Dongmok Whang has been appointed as a new director of the Company. Dr. Whang is a distinguished scholar specializing in various advanced functional nanomaterials with wide-ranging applications, including high-energy-density electrode materials and solid-state electrolytes for secondary rechargeable batteries. With a prolific academic portfolio, he has published around 200 scholarly papers and over 80 patents. His influential research has garnered over 15,000 citations, underscoring the significant impact of his work on the field. He is a Professor at the School of Advanced Materials Science & Engineering and Advanced Institute of Nanotechnology at Sungkyunkwan University.

Mr. Sung Rock Hwang has resigned as director and COO to pursue his personal interests and aspirations, and he remains a strong advocate of the Company and its mission. NEO would like to thank him for his contributions, and the Company wholly supports the following stages of his career.

Member Firm of Korea Battery Industry Association
NEO Battery Materials is pleased to announce that it has joined the Korea Battery Industry Association (“KBIA”). With the permission of the Ministry of Science and Technology, the KBIA was established in 2021 to promote the South Korean battery industry. Headed by the President and CEO of LG Energy Solution, member firms include LG Energy Solution, Samsung SDI, SK On, Posco Future M, and Umicore. Since its inception, the association supported the rise to prominence in the international battery market and organized the world’s leading battery conference, InterBattery.

About NEO Battery Materials Ltd.
NEO Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries compared to existing state-of-the-art technologies. The Company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries. For more information, please visit the Company’s website at: https://www.neobatterymaterials.com/.

On Behalf of the Board of Directors
Spencer Sung Bum Huh
Director, President, and CEO

For Investor Relations, PR & More Information:
info@neobatterymaterials.com

This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of technologies which have not yet been tested or proven on a commercial scale, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedarplus.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ROCKVILLE, MD, April 03, 2024 (GLOBE NEWSWIRE) —  MacroGenics, Inc. (NASDAQ: MGNX), a biopharmaceutical company focused on discovering, developing, manufacturing and commercializing innovative antibody-based therapeutics for the treatment of cancer, today provided an update on the Phase 2 TAMARACK study of vobramitamab duocarmazine (vobra duo, previously known as MGC018) in patients with metastatic castration-resistant prostate cancer (mCRPC).

As previously disclosed, safety data from the Company’s ongoing TAMARACK Phase 2 study was submitted in early February to the American Society of Clinical Oncology (ASCO) for presentation at the upcoming Annual Meeting that begins May 31. The abstract containing this early interim data, based on a January 4, 2024 data cut-off, was not accepted. The submitted abstract is provided below.

“While the TAMARACK data will not be presented at the ASCO Annual Meeting, we intend to maintain our previously disclosed plan to share further TAMARACK interim data, including updated safety and preliminary efficacy, by the end of May,” said Scott Koenig, M.D., Ph.D., President and Chief Executive Officer. “This updated information will be based upon a future data cut-off. In addition, we still anticipate presenting updated clinical data – including radiographic progression-free survival, or rPFS, the study’s primary endpoint – in the Fall of 2024.”

Abstract as submitted on February 6, 2024:

“Title
Vobramitamab duocarmazine (vobra duo), a B7-H3 directed antibody drug conjugate (ADC) in metastatic castration resistant prostate cancer (mCRPC): Early data from the Phase 2 TAMARACK study.

Background
Vobra duo (MGC018) is an ADC with a duocarmycin-based DNA-alkylating payload. Vobra duo targets B7-H3, which is highly expressed in multiple tumor types including prostate cancer and has limited expression in normal tissue. Phase 1 testing (NCT03729596) of vobra duo at 3.0 mg/kg Q3W demonstrated anti-tumor activity in mCRPC, although adverse events resulted in high rates of dose modifications and early treatment discontinuation. Lowering the starting dose may improve tolerability, extend treatment duration, and enhance effectiveness.

Methods
TAMARACK is an ongoing randomized, open-label, Phase 2 dose selection study assessing the efficacy, safety, and tolerability of two dose levels of vobra duo (2.0 mg/kg and 2.7 mg/kg IV Q4W). The study enrolled patients (pts) with mCRPC previously treated with abiraterone, enzalutamide, or apalutamide; prior docetaxel was allowed. The primary endpoint is investigator-assessed PFS at 6 months.

Results
At data cutoff (Jan 4, 2024), 182 pts with mCRPC enrolled on TAMARACK, of which 177 received vobra duo. Enrolled pts were 46 to 89 years of age (median 70.5) with ECOG performance status ≤ 2. Thirty (16.5%) had visceral disease at baseline, 109 (59.9%) had RECIST-evaluable disease, and 98 (53.8%) received prior docetaxel. At this early data cut, pts have received a median of 3 (range 1 to 7) cycles of vobra duo; treatment is ongoing in 156 (85.7%). A summary of treatment-emergent adverse events (TEAEs) is presented below.

The most common (≥10%) TEAEs regardless of dose were asthenia (40.7%), nausea (27.7%), fatigue (20.3%), decreased appetite (19.2%), anemia (17.5%), constipation (16.4%), diarrhea (14.7%), headache (13.0%), neutropenia (12.4%), and peripheral edema (10.7%). In the subset (n = 95) of TAMARACK pts on treatment for ≥ 12 weeks or who discontinued study treatment within 12 weeks, TEAEs led to drug interruption in 12 (12.6%) and discontinuation in 5 (5.3%) pts. This compares favorably to the rate of drug interruption (58.5%) and discontinuation (14.6%) observed at 12 weeks in pts with mCRPC who received vobra duo at 3.0 mg/kg Q3W on the Phase 1 study. Following the pre-specified interim analysis for futility on both arms, the IDMC recommended continuing the study as planned without modification.

Conclusions
Preliminary safety data from TAMARACK suggest that reducing the dose and frequency of vobra duo improves its safety and tolerability in men with mCRPC. The authors anticipate sharing preliminary efficacy data and updated safety data at the conference. Clinical trial information: NCT05551117.”

MacroGenics would like to thank the abstract authors, including: Johann S. De Bono, Carole Helissey, Karim Fizazi, Eric Voog, Pablo Maroto-Rey, Guilhem Roubaud, Emmanuel S. Antonarakis, Shahneen Sandhu, Neal D. Shore, Raffaele Ratta, Begoña Pérez Valderrama, Christof Vulsteke, Galina Marr, Ashley Ward, Enxu Zhao, Josep M. Piulats, on behalf of the TAMARACK Investigators.

About MacroGenics, Inc.
MacroGenics (the Company) is a biopharmaceutical company focused on discovering, developing, manufacturing and commercializing innovative monoclonal antibody-based therapeutics for the treatment of cancer. The Company generates its pipeline of product candidates primarily from its proprietary suite of next-generation antibody-based technology platforms, which have applicability across broad therapeutic domains. The combination of MacroGenics’ technology platforms and protein engineering expertise has allowed the Company to generate promising product candidates and enter into several strategic collaborations with global pharmaceutical and biotechnology companies. For more information, please see the Company’s website at www.macrogenics.com. MacroGenics and the MacroGenics logo are trademarks or registered trademarks of MacroGenics, Inc.

Cautionary Note on Forward-Looking Statements
Any statements in this press release about future expectations, plans and prospects for MacroGenics (“Company”), including statements about the Company’s strategy, future operations, clinical development of the Company’s therapeutic candidates, including initiation and enrollment in clinical trials, expected timing of results from clinical trials, discussions with regulatory agencies, commercial prospects of or product revenues from MARGENZA and the Company’s product candidates, if approved, manufacturing services revenue, milestone or opt-in payments from the Company’s collaborators, the Company’s anticipated milestones and future expectations and plans and prospects for the Company, as well as future global net sales of TZIELD and the Company’s ability to achieve the milestone payments set forth under the terms of the agreement with DRI (or its successors or assigns with respect to such agreement), and other statements containing the words “subject to”, “believe”, “anticipate”, “plan”, “expect”, “intend”, “estimate”, “potential,” “project”, “may”, “will”, “should”, “would”, “could”, “can”, the negatives thereof, variations thereon and similar expressions, or by discussions of strategy constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks that TZIELD, vobramitamab duocarmazine, lorigerlimab, ZYNYZ, MARGENZA or any other product candidate’s revenue, expenses and costs may not be as expected, risks relating to TZIELD, vobramitamab duocarmazine, lorigerlimab, ZYNYZ, MARGENZA or any other product candidate’s market acceptance, competition, reimbursement and regulatory actions; our ability to provide manufacturing services to our customers; the uncertainties inherent in the initiation and enrollment of future clinical trials; the availability of financing to fund the internal development of our product candidates; expectations of expanding ongoing clinical trials; availability and timing of data from ongoing clinical trials; expectations for the timing and steps required in the regulatory review process; expectations for regulatory approvals; expectations of future milestone payments; the impact of competitive products; our ability to enter into agreements with strategic partners and other matters that could affect the availability or commercial potential of the Company’s product candidates; business, economic or political disruptions due to catastrophes or other events, including natural disasters, terrorist attacks, civil unrest and actual or threatened armed conflict, or public health crises such as the novel coronavirus (referred to as COVID-19 pandemic); and other risks described in the Company’s filings with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent the Company’s views only as of the date hereof. The Company anticipates that subsequent events and developments will cause the Company’s views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, except as may be required by law. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date hereof.

“We are excited to build a state-of-the-art advanced packaging facility in Indiana,” said SK hynix CEO Kwak Noh-Jung. “We believe this project will lay the foundation for a new Silicon Heartland, a semiconductor ecosystem centered in the Midwest Triangle. This facility will create local, high-paying jobs and produce AI memory chips with unmatched capabilities, so that America can onshore more of its critical chip supply chain. We are grateful for the support of Gov. Holcomb and the state of Indiana, of President Chiang at Purdue University, and of the broader community involved, and we look forward to expanding our partnership in the long run.”

SK hynix joins Bayer, imec, MediaTek, Rolls-Royce, Saab and many more national and international companies bringing innovation to America’s heartland. The new facility — home to an advanced semiconductor packaging production line that will mass-produce next-generation high-bandwidth memory, or HBM, chips, the critical component of graphic processing units that train AI systems such as ChatGPT — is expected to provide more than a thousand new employment opportunities in the Greater Lafayette community. The company plans to begin mass production in the second half of 2028.

The project marks SK hynix’s intention for long-term investment and partnership in Greater Lafayette. The company’s decision-making framework prioritizes both profit and social responsibility while promoting ethical actions and accountability. From infrastructure developments that make accessing amenities easier to community empowerment projects such as skill development and mentorship, the SK hynix advanced packaging fabrication marks a new era of collaborative growth.

“Indiana is a global leader in innovating and producing the products that will power our future economy, and today’s news is proof positive of that fact,” said Indiana Gov. Eric Holcomb. “I’m so proud to officially welcome SK hynix to Indiana, and we’re confident this new partnership will enhance the Lafayette-West Lafayette region, Purdue University and the state of Indiana for the long term. This new semiconductor innovation and packaging plant not only reaffirms the state’s role in the hard-tech sector, but is also another tremendous step forward in advancing U.S. innovation and national security, putting Hoosiers at the forefront of national and global advancements.” 

Investment in the Midwest and Indiana was spurred by Purdue’s excellence in discovery and innovation and its track record of exceptional R&D and talent development through collaboration. Partnerships among Purdue, the corporate sector, and the state and federal government are essential to advancing the U.S. semiconductor industry and establishing the region as the Silicon Heartland.

“SK hynix is the global pioneer and dominant market leader in memory chips for AI,” Purdue President Mung Chiang said. “This transformational investment reflects our state and university’s tremendous strength in semiconductors, hardware AI and development of the Hard-Tech Corridor. It is also a monumental moment for completing the supply chain of the digital economy in our country through the advanced packaging of chips. Located at Purdue Research Park, the largest facility of its kind at a U.S. university will grow and succeed through innovation.”

In 1990 the U.S. was producing nearly 40% of the world’s semiconductors. However, as manufacturing moved to Southeast Asia and China, the U.S. global output of semiconductor manufacturing has fallen to closer to 12%.

“SK hynix will soon be a household name in Indiana,” said U.S. Sen. Todd Young. “This incredible investment demonstrates their confidence in Hoosier workers, and I’m excited to welcome them to our state. The CHIPS and Science Act opened a door that Indiana has been able to sprint through, and companies like SK hynix are helping to build our high-tech future.” 

To aid in bringing semiconductor manufacturing closer to home and shoring up global supply chains, the U.S. Congress introduced the Creating Helpful Incentives to Produce Semiconductors for America Act, or CHIPS and Science Act, on June 11, 2020. Signed by President Joe Biden on Aug. 9, 2022, it funds holistic development of the semiconductor industry to the tune of $280 billion. It supports the nation’s research and development, manufacturing, and supply chain security of semiconductors.

“When President Biden signed the bipartisan CHIPS and Science Act, he put a stake in the ground and sent a signal to the world that the United States cares about semiconductor manufacturing,” said Arati Prabhakar, President Biden’s chief science and technology advisor and director of the White House Office of Science and Technology Policy. “Today’s announcement will strengthen the economy and national security, and it will create good jobs that support families. This is how we do big things in America.”

Purdue Research Park, one of the largest university-affiliated incubation complexes in the country, unites discovery and delivery with easy access to Purdue faculty experts in the semiconductor field, highly sought-after graduates prepared to work in the industry, and vast Purdue research resources. The park also offers convenient accessibility for workforce and semitruck traffic, with access to I-65 just minutes away.

This historic announcement is the next step in Purdue University’s persistent pursuit of semiconductor excellence as part of the Purdue Computes initiative. Recent announcements include these

What they’re saying

• “This decision by a world-renowned, best-in-class company represents a dramatic fulfillment of Purdue’s duty to serve the state as not only its premier academic institution but also its No. 1 economic asset. It’s also a gratifying validation of our Discovery Park District initiative to bring new opportunities to our students, faculty and Greater Lafayette neighbors. Today marks the Purdue ecosystem’s latest and greatest, but assuredly not its last, contribution to a more prosperous Indiana and a stronger America.” — Mitch Daniels, chairman of the board, Purdue Research Foundation
• “On behalf of my fellow trustees, we are pleased to welcome SK hynix Inc. to the Purdue Research Park. Their arrival will significantly strengthen Purdue University’s dual commitments to educating the next generation of workforce leaders in semiconductors and supporting the national security of our nation.” — Michael Berghoff, chair, Purdue Board of Trustees
• “The impact of SK hynix is more than the creation of high-paying careers for Hoosiers. Undergraduates will have opportunities for internships, co-op and full-time employment when they graduate. Graduate students and faculty will work closely with SK hynix researchers, not only on basic research, but also to accelerate the transition of research into pilot production and manufacturing. This is just the beginning. As other companies see what’s happening here in the heart of the heartland, they’ll come too, and a significant new cluster of semiconductor manufacturing and research will emerge.” — Mark Lundstrom, chief semiconductor officer, Purdue University
• “West Lafayette is thrilled to join our national efforts to bring the semiconductor industry to the United States through President Biden’s CHIPS and Science Act. This partnership will leverage Purdue University’s science and research expertise with SK hynix’s innovation in semiconductor technology. The impact on West Lafayette will enable us to continue to provide the high level of service our community expects and to increase our quality-of-life amenities for the region so we can attract and retain the excellent graduates of Purdue University. In addition, SK hynix’s global dedication to net zero carbon emissions by 2050, water process reduction and recycling, and zero-waste-to-landfill programs aligns with our community’s commitment to environmental stewardship. We are grateful for SK hynix’s investment and commitment to West Lafayette and for our partners Purdue University, Purdue Research Foundation, the city of Lafayette, Tippecanoe County and the Greater Lafayette region.” — Erin Easter, mayor of West Lafayette
• “The pandemic disruption has shown the reliance on semiconductors, with production concentrated in limited regions around the world. Greater Lafayette has worked continuously and cooperatively for years to position ourselves for an opportunity of this magnitude, and we look forward to the long-term economic impact this will have on our communities. The collaborative efforts between cities and county governments, Purdue University, the state of Indiana and Sen. Todd Young’s office is a testament to these efforts. Our joint investments in infrastructure, innovation, along with quality-of-life initiatives, have contributed to this venture becoming a reality. We look forward to working with and welcoming SK hynix to Greater Lafayette!” — Tony Roswarski, mayor of Lafayette
• “Ivy Tech, as Indiana’s largest postsecondary institution, is focused on building Indiana talent pipelines aligned to employers and emerging industries which strengthen Indiana’s economy. The microelectronics industry will play a key role in Indiana’s success, which is why we are pleased to work with SK hynix and Purdue to provide training, credentials and degrees designed for the semiconductor industry. SK hynix’s commitment to Indiana reinforces that we all win when we address complex issues through strong partnerships.” — Sue Ellspermann, president, Ivy Tech Community College
• “Semiconductors and microelectronics are at the forefront of focus for Purdue Research Foundation. I am pleased to welcome SK hynix to Indiana and start the hard work of ensuring this is the best business decision that SK hynix has ever made.” — Brian Edelman, president, Purdue Research Foundation
• “The Alliances team is thrilled to welcome SK hynix to the Purdue ecosystem, and we look forward to empowering them to thrive here in Indiana with all the immense assets Purdue and Greater Lafayette offer. We look forward to forging a strong relationship with mutual value for SK hynix, Purdue Research Foundation and the broader Greater Lafayette community for many years to come.” — Gregory Deason, senior vice president of alliances and placemaking, Purdue Research Foundation
• “During my time at Purdue Research Foundation, we have consistently been successful in assisting our partners like Saab in developing complex builds well ahead of schedule and within budget. I look forward to building on our excellent track record with SK hynix to help them in creating a state-of-the-art facility which best meets their unique needs.” — Richard Michal, senior vice president of capital projects and facilities, Purdue Research Foundation

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top-tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”), flash memory chips (“NAND flash”) and CMOS Image Sensors (“CIS”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com. 

About Purdue Research Foundation

Purdue Research Foundation is a private, nonprofit foundation created to advance the mission of Purdue University. Established in 1930, the foundation accepts gifts, administers trusts, funds scholarships and grants, acquires and sells property, protects and licenses Purdue’s intellectual property, and supports creating Purdue-connected startups on behalf of Purdue. The foundation operates Purdue Innovates, which includes the Office of Technology Commercialization, Incubator and Ventures. The foundation manages the Purdue Research Park, Discovery Park District, Purdue Technology Centers and Purdue for Life Foundation.

For more information on licensing a Purdue innovation, contact the Office of Technology Commercialization at otcip@prf.org. For more information about involvement and investment opportunities in startups based on a Purdue innovation, contact Purdue Innovates at purdueinnovates@prf.org.

About Purdue University

Purdue University is a public research institution demonstrating excellence at scale. Ranked among top 10 public universities and with two colleges in the top four in the United States, Purdue discovers and disseminates knowledge with a quality and at a scale second to none. More than 105,000 students study at Purdue across modalities and locations, including nearly 50,000 in person on the West Lafayette campus. Committed to affordability and accessibility, Purdue’s main campus has frozen tuition 13 years in a row. See how Purdue never stops in the persistent pursuit of the next giant leap — including its first comprehensive urban campus in Indianapolis, the new Mitchell E. Daniels, Jr. School of Business, and Purdue Computes — at https://www.purdue.edu/president/strategic-initiatives. 

Media contact:

Tim Doty, doty2@purdue.edu

Attachment

• SK hynix announces semiconductor advanced packaging investment in Purdue Research Park

New name embodies the Company’s transformation into a balanced and diversified business

Ocwen subsidiary PHH Mortgage expected to rebrand to Onity Mortgage later this year

WEST PALM BEACH, Fla., April 03, 2024 (GLOBE NEWSWIRE) — Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced plans to change its name to Onity Group Inc. The Company will submit a proposal to effect the name change at its Annual Meeting of Shareholders scheduled for May 28, 2024.

Subject to shareholder approval, the Company expects to formally change its name to Onity Group Inc. and begin trading on the NYSE under the stock symbol “ONIT” in June 2024.

“We are very excited about rebranding to Onity as it demonstrates our extensive transformation into a balanced and diversified mortgage company and the confidence we have in our business, our capabilities and our team,” said Glen A. Messina, Chair, President and CEO of Ocwen. “Over the past five years, we have steadily grown our mortgage servicing and subservicing portfolios, built a strong and scalable servicing platform with industry-leading cost and operational performance, added multi-channel originations and asset management capabilities, established multiple capital partner relationships to enable capital-light servicing growth, and made significant technology investments to modernize our global platform. Our rebranding efforts represent the continued evolution of our Company.”

Following a rigorous research and brand strategy development analysis, the Company selected Onity as its primary brand name (pronounced ON-it-ee). The Company believes its new name reflects the capabilities of a hard-working team with a can-do attitude and problem-solving culture. Within the name Onity is the phrase “on it,” which conveys action and the promise of dependability, performance and support. The new brand identity will include a fresh, modern and customer-centric look and a brand voice that supports the Company’s commitment to getting the job done.

Messina continued, “Deeply embedded in our culture is the desire to consistently deliver on our commitments to achieve positive outcomes for all of our stakeholders, and this mindset is central to our mission, values and operating principles. We understand what our customers want and the important role we have in delivering on their needs. We believe our new brand genuinely represents how we operate and our focus on delivering results consistent with what our customers expect from us.”

Ocwen’s primary brands, PHH Mortgage Corporation and Liberty Reverse Mortgage, will retain their names at this time. The Company expects to begin rebranding PHH Mortgage Corporation and Liberty Reverse Mortgage to Onity Mortgage later this year to align their names with the new name of the Company.

About Ocwen Financial Corporation

Ocwen Financial Corporation (NYSE: OCN) is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs. Liberty is one of the nation’s largest reverse mortgage lenders dedicated to education and providing loans that help customers meet their personal and financial needs. We are headquartered in West Palm Beach, Florida, with offices and operations in the United States, the U.S. Virgin Islands, India and the Philippines, and have been serving our customers since 1988. For additional information, please visit our website (www.ocwen.com).

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by a reference to a future period or by the use of forward-looking terminology. Forward-looking statements are typically identified by words such as “expect”, “believe”, “foresee”, “anticipate”, “intend”, “estimate”, “goal”, “strategy”, “plan”, “target” and “project” or conditional verbs such as “will”, “may”, “should”, “could” or “would” or the negative of these terms, although not all forward-looking statements contain these words, and includes statements in this press release regarding the expected timing and potential impacts of our rebranding.

Forward-looking statements involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially. In the past, actual results have differed from those suggested by forward looking statements and this may happen again. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to, shareholder and counterparty response to our proposed rebranding, the timing and receipt of licensing or other regulatory approvals related to the rebranding, changes in market conditions, the industry in which we operate, and our business, the actions of governmental entities and regulators impacting our business, developments in our litigation matters, and other risks and uncertainties detailed in our reports and filings with the SEC, including our annual report on Form 10-K for the year ended December 31, 2023 and any current report or quarterly report filed with the SEC since such date. Anyone wishing to understand Ocwen’s business should review our SEC filings. Our forward-looking statements speak only as of the date they are made and, we disclaim any obligation to update or revise forward-looking statements whether as a result of new information, future events or otherwise.

Additional Information and Where to Find It

In connection with the intention to change the Company’s name and rebrand as Onity Group Inc. (the “Name Change”) the Company intends to file with the U.S. Securities and Exchange Commission (the “SEC”) preliminary and definitive proxy statements relating to the proposed Name Change.  Following the filing of the definitive proxy statement (the “Proxy Statement”) with the SEC, the Company will mail the Proxy Statement, and a proxy card to the Company’s stockholders as of a record date to be established for voting on the proposed Name Change and any other matters to be voted on at the annual meeting of the Company’s shareholders.  BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF THE COMPANY ARE URGED TO CAREFULLY READ THE PROXY STATEMENT IN ITS ENTIRETY (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND ANY OTHER DOCUMENTS RELATING TO THE PROPOSED NAME CHANGE THAT WILL BE FILED WITH THE SEC OR INCORPORATED BY REFERENCE THEREIN WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED NAME CHANGE.  Investors and shareholders will be able to obtain copies of the Proxy Statement (when available) and other documents filed by the Company with the SEC, without charge, through the website maintained by the SEC at www.sec.gov.  Copies of the documents filed with the SEC by the Company will be available free of charge under the Shareholder Relations section of the Company’s website www.ocwen.com.

Participants in the Solicitation

The Company and its directors and executive officers are deemed participants in the solicitation of proxies from the shareholders of the Company in relation to matters related to the proposed Name Change and any other matters to be voted on at the annual meeting of shareholders of the Company.  Information regarding the Company’s directors and executive officers, including a description of their direct or indirect interests, by security holdings or otherwise, can be found under the captions “Security Ownership of Certain Beneficial Owners and Related Shareholder Matters,” “Executive Compensation,” and “Board of Directors Compensation” contained in the proxy statement for the Company’s 2023 Annual Meeting of Shareholders filed with the SEC on April 17, 2023 (the “2023 Proxy Statement”).  To the extent that the Company’s directors and executive officers and their respective affiliates have acquired or disposed of security holdings since the applicable “as of” date disclosed in the 2023 Proxy Statement, such transactions have been or will be reflected on Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC.  Other information regarding the participants in the proxy solicitation and a description of their interests will be contained in the Proxy Statement for the Company’s annual meeting of shareholders to be filed with the SEC in respect of the proposed Name Change when it becomes available. 

For Further Information Contact:

Dico Akseraylian, SVP, Corporate Communications
(856) 917-0066
mediarelations@ocwen.com

Following the earnings release, the Company will host a conference call with investors and analysts at 5:00 PM (Eastern Time) to discuss these results. The conference call will be webcast live from the Company’s Investor Relations website at https://ir.ethanallen.com.

The following information is provided for those who would like to listen to the conference call:

• U.S. Participants:                      877-705-2976
• International Participants:    201-689-8798
• Meeting Number:                    13744610

For those unable to listen live, an archived recording of the call will be made available on the Company’s website referenced above for up to six months.

ABOUT ETHAN ALLEN

Ethan Allen (NYSE:ETD), named America’s #1 Premium Furniture Retailer and among America’s Top 10 Retailers by Newsweek, is a leading interior design destination combining state-of-the-art technology with personal service. Our design centers, which represent a mix of independent licensees and Company-owned and operated locations, offer complimentary interior design service and sell a full range of home furnishings, including custom furniture and artisan-crafted accents for every room in the home. Vertically integrated from product design through logistics, we manufacture about 75% of our custom-crafted products in our North American manufacturing facilities and have been recognized for product quality and craftsmanship since 1932. Learn more at www.ethanallen.com and follow us on Facebook, Instagram, and LinkedIn. 

Investor Relations Contact:  
Matt McNulty
Senior Vice President, Chief Financial Officer and Treasurer
IR@ethanallen.com