Daily Archives: May 29, 2018

AGF Completes Acquisition of 100% of FFCM

Strategic investment supports diversification and growth of quantitative platform

BOSTON and TORONTO, May 29, 2018 (GLOBE NEWSWIRE) — AGF Management Limited (TSX:AGF.B) today announced it successfully completed its acquisition of 100% of FFCM, LLC (FFCM) earlier this month to further strengthen their quantitative investing and ETF platform brought to market under the AGFiQ banner.

“Today, we further build on our strategic plan to diversify across the investment spectrum,” said Judy Goldring, Executive Vice-President and Chief Operating Officer, AGF. “Through organic growth and acquisition we have been able to launch new platforms and develop innovative products.”

In November 2015, AGF acquired the majority of the equity of FFCM, a Boston-based boutique asset manager and ETF strategist whose expertise is delivered through a family of factor-based alternative and smart-beta ETFs and a number of ETF managed solutions.

The acquisition resulted in the launch of AGFiQ Asset Management (AGFiQ), a quantitative investment platform powered by the intellectually diverse, multi-disciplined team that combines the complementary strengths of investment professionals from AGF, Highstreet Asset Management (Highstreet) – which became a part of the AGF family through an acquisition in 2006 – and FFCM.

AGFiQ came to market as a combined platform in late 2017 and has since delivered nine ETFs to the Canadian marketplace and secured over $US 400 million in institutional funding for an AGFiQ custom solution in the United States over the last three months.

“We had the foresight to see that by combining the research acumen, investment capabilities and intellectual capital of Highstreet and FFCM we could effectively expand our presence in the quantitative investment space,” added Goldring.

“This is a natural next step in our partnership and reinforces that we are a part of the AGF family,” said Bill Carey, Chief Executive Officer, FFCM. “Partnering with AGF has allowed us to grow our research, marketing and product development capabilities, while also bringing us operational scale and efficiencies.”

“This acquisition supports the long-term diversification of our investment capabilities allowing us to deliver value-added and differentiated opportunities within our yield, global and quantitative platforms to provide our global client base with the outcomes they seek,” said Kevin McCreadie, President and Chief Investment Officer, AGF Investments Inc.

About AGF Management Limited
Founded in 1957, AGF Management Limited (AGF) is a diversified global asset management firm with retail, institutional, alternative and high-net-worth businesses. As an independent firm, AGF brings a disciplined approach to delivering excellence in investment management and providing an exceptional client experience. AGF’s suite of diverse investment solutions extends globally to a wide range of clients, from financial advisors and individual investors to institutional investors including pension plans, corporate plans, sovereign wealth funds and endowments and foundations.

AGF has investment operations and client servicing teams on the ground in North America, Europe and Asia. With $37 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

About AGFiQ Asset Management

AGFiQ Asset Management is the quantitative investment platform for AGF powered by an intellectually diverse, multi-disciplined team that combines the complementary strengths Highstreet Asset Management Inc. (Highstreet), located in London, Ontario and FFCM, LLC (FFCM), located in Boston, and are supported by a team of 20 investment professionals from across AGF and its affiliates, managing AUM of approximately C$5.7 billion. AGFiQ’s portfolio and investment management team has extensive experience in quantitative investing and research with a core investment discipline focused on factor-based investing. AGFiQ is grounded in the belief that investment outcomes can be improved by assessing and targeting the factors that drive market returns.

Media Contact

Amanda Marchment
Director, Corporate Communications

Neuralstem to Participate at the BIO 2018 International Convention

GERMANTOWN, Md., May 29, 2018 (GLOBE NEWSWIRE) — Neuralstem, Inc. (Nasdaq:CUR), a biopharmaceutical company developing novel treatments for nervous system diseases, today announced that Karl Johe, PhD, Chief Scientific Officer of Neuralstem, will be providing a Company overview during the 2018 BIO International Convention in Boston, Massachusetts, on Monday, June 4, 2018 at 3:30pm ET.

A live audio webcast as well as a video recording of this presentation will be available in the Investors section of the Company’s website at investor.neuralstem.com. The webcast will be archived on the Company’s website for 90 days following the presentation.

About Neuralstem

Neuralstem is a clinical-stage biopharmaceutical company developing novel treatments for nervous system diseases of high unmet medical need. The Company has two lead development candidates:

  • NSI-189, is a small molecule in clinical development for major depressive disorder and in preclinical development for Angelman syndrome, irradiation-induced cognitive impairment, Type 1 and Type 2 diabetes, and stroke.
  • NSI-566 is a stem cell therapy being tested for treatment of paralysis in stroke, Amyotrophic Lateral Sclerosis (ALS) and chronic spinal cord injury (cSCI).

Neuralstem’s diversified portfolio of product candidates is based on its proprietary neural stem cell technology.

Cautionary Statement Regarding Forward Looking Information

This news release contains “forward-looking statements” made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to future, not past, events and may often be identified by words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Specific risks and uncertainties that could cause our actual results to differ materially from those expressed in our forward-looking statements include risks inherent in the development and commercialization of potential products, uncertainty of clinical trial results or regulatory approvals or clearances, need for future capital, dependence upon collaborators and maintenance of our intellectual property rights. Actual results may differ materially from the results anticipated in these forward-looking statements. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in Neuralstem’s periodic reports, including the Annual Report on Form 10-K for the year ended December 31, 2017 filed with the Securities and Exchange Commission (SEC), and in other reports filed with the SEC. We do not assume any obligation to update any forward-looking statements.


Kimberly Minarovich
Argot Partners (Investor Relations)

Super B and Lithium Werks sign strategic multi-year cell supply agreement to meet soaring demand for lithium batteries

HENGELO, The Netherlands, May 29, 2018 (GLOBE NEWSWIRE) — Lithium battery specialist Super B (www.super-b.com) and cell supplier Lithium Werks B.V.(www.lithiumwerks.com) have signed a multi-year agreement that will secure worldwide supplies of lithium ion batteries to customers across the world.

Under the agreement, Lithium Werks, a fast-growing lithium battery and portable power solutions group, will gear up its continuous supply of high quality Lithium Werks Nanophosphate Tm Cells, as Super B continues to expand its operations in response to accelerating demand for lithium ion batteries.

“Leading companies in sectors such as automotive, industry, marine and renewable energy are already served by Super B, and their appetite for battery-powered solutions is only getting greater. We are looking forward to supporting Super B as they continue to serve this rapid growth in demand for lithium batteries,” said T. Joseph Fisher III, CEO and co-founder of Lithium Werks.

“I have been impressed by Super B’s ability to expand quickly in recent years and by its ambition to grow even faster in the years to come. We expect Super B to double in size every year for some time yet and I am happy to say that Lithium Werks has found a strong strategic partner in Super B,” Mr Fisher said.

“We are pleased to be partnering with Super B in this long-term strategic alliance as their products and innovations are a perfect match with our proprietary patented Nanophosphate Tm cylindrical cells,” Mr Fisher said.

Super B’s CEO Henk Kleef said the agreement will benefit its customers.

“This long-term supply agreement for high quality cells from a truly global company like Lithium Werks will further bolster our ability to expand capacity and serve our customers’ near insatiable demand for our lithium battery solutions in the coming years,” Mr Kleef said.

“Lithium Werks, which has a strong reputation as a provider of Lithium Iron Phosphate cells, modules and scalable power systems, is an ideal partner as we continue to deliver long lasting, safe and reliable energy solutions to our customers,” Mr Kleef said.

Both Super B and Lithium Werks specialise in Lithium Iron Phosphate technology, a lithium-ion chemistry that offers high thermal and chemical stability and is seen as the safest lithium-ion technology available today. The strategic cooperation builds on an existing relationship that has now become even stronger.

About Super B
Super B has a strong reputation for developing and producing unique high-end lithium batteries for a variety of industries and applications. Various leading manufacturers and customers in markets such as automotive, recreational vehicles, motorcycles, UPS and marine have experienced the innovative and reliable Super B lithium battery solutions. The Super B solutions are developed and produced in Hengelo, The Netherlands and supported with worldwide regional sales/service centers.

About Lithium Werks
Lithium Werks is a fast-growing global lithium ion battery company with production facilities in China and offices in the USA, the Netherlands, Northern Ireland, Great Britain and Norway. Lithium Werks provides cells, modules, and battery management systems into markets such as material handling, stationary energy storage, medical, and commercial marine.

Media contacts:
Lithium Werks Press/Media Relations Telephone +44 (0) 28 9084 5411

More effort needed to reduce tobacco use

Although progress has been made in tobacco control, more efforts are needed on anti-tobacco measures and reduction of deaths related to smoking in Vietnam.

Dr Kidong Park, a representative of the World Health Orgnisation (WHO)’s western pacific region, made the remarks at an event marking World No Tobacco Day (May 31) and National No Tobacco Week in the central city of Da Nang. Vietnam has had some success in tobacco control, but it’s still not enough.

The number of smokers is still high, with 45.3 percent of men smoking cigarettes. As part of a recent survey, 80 percent of people said they had seen smokers at restaurants and in public, Park said. About 170,000 Vietnamese people died of cardiovascular, stroke and non-infectious diseases, of which 33 percent were related to smoking,.

Park suggests the tax on tobacco products needs to be increased and smoke-free environments should be the top priority at workplaces and in public as well as at tourism attractions around Vietnam.

He said the tax on tobacco in Vietnam is still low at 35 percent, in comparison with an average of 56 percent worldwide, while the WHO recommends a tax of 70 percent.

Park said Vietnam should levy a tax from 2,000 VND (0.08 USD) to 5,000 VND (0.22 USD) on each cigarette pack, while non-smoking environments should be promoted.

He suggested a communication campaign should be introduced, including the distribution of leaflets and signs in restaurants, hotels, workplaces, hospitals, schools and public sites.

Source: VOV5

Jordan, US, Russia agree to maintain South Syria truce

A Jordan official said on Monday that Jordan has agreed with Russia and the US on the importance of maintaining a de-escalation zone in southern Syria.

He said the 3 countries that signed last year’s deal to create the zone agreed on the need to preserve it as a key to reaching a political solution in Syria.

On Monday, Russian Foreign Minister Sergei Lavrov said the Syrian army is the only force that should be in southern Syria, at the border with Jordan and Israel. Lavrov said he hopes the US will withdraw from At-Tanf region in southeastern Syria.

Source: VOV5

Interim Italian Prime Minister announces early election

sItalian interim Prime Minister Carlo Cottarelli has announced he will hold a new general election in early 2019.

He told the press after a meeting with Italian President Sergio Mattarella that if his administration is not approved by the parliament, the general election will take place after August.

Mr. Cottarelli, known as Mr Scissors for making cuts to public spending in Italy, was Director of the Financial Department of International Monetary Fund from 2008 to 2013. President Mattarella appointed Cottarelli as interim prime minister after Giuseppe Conte, appointed by the Northern League and the Five Star Movement, failed to form a new government. Mattarella refused to accept the nomination of Paolo Savona as Finance Minister.

Source: VOV5

Vesak commemorated across Vietnam

The Vietnam Buddhist Sangha (VBS) hosted a grand ceremony in Hanoi on Tuesday to mark the 2562nd birth anniversary of Lord Buddha.

In his speech, Deputy Prime Minister Truong Hoa Binh said Buddha’s birthday celebration, also known as Vesak, is not only a major religious event for Buddhists in Vietnam but also a global cultural festival recognized by the UN General Assembly.

Vietnam consistently respects and safeguards people’s freedom of religion and belief as well as maintains and upholds traditional values. Party organizations and administrations at all levels should ensure that religious practices conform with law to create a stable and healthy environment for the development of religions and beliefs, Mr. Binh noted.

In his message, the Sangha’s Supreme Patriarch called on all Vietnamese Buddhists to make unceasing efforts in helping Buddhism to continue to play an important role in the great national unity bloc and national development and protection.

In the central city of Hue, Vesak was marked with charity programs. Nun Thich Nhu Minh said: Involvement in charity activities is one way to follow Buddha’s teaching of loving-kindness and compassion. It also demonstrates our respect for Buddha.

Representatives of the Da Nang city Buddhist Sangha presented gifts to poor people and patients and provided health check-ups and medicine to residents in remote areas.

Thousands of people have received gifts. Philanthropists have joined hands to build houses for the disadvantaged, Venerable Thich Thong Dao told VOV.

The HCM city Buddhist Sangha held a ceremony to celebrate Lord Buddha’s 2562nd birthday on Tuesday and delivered 1,000 gifts to poor people.

Source: VOV5