Companies news of 2018-01-02 (page 1)

 
TransDigm Group Incorporated Appoints James Skulina Interim CFO

CLEVELAND, Jan. 2, 2018 /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, today announced that James Skulina, an  Executive Vice President of the Company, has been appointed Interim Chief Financial Officer, effective immediately.  Mr. Skulina replaces Terrance Paradie, who resigned for personal reasons.  Mr. Paradie will remain an employee of the Company until April 2, 2018 and will be available to assist Mr. Skulina during the transition as needed.  Mr. Paradie's departure is unrelated to the Company's financial condition, financial disclosure or strategic direction.  The Company will initiate a search process to identify a permanent Chief Financial Officer.

"Jim has been a key member of the TransDigm management team and closely involved in many of the significant developments at TDG for over 20 years.  He has substantial experience as a financial and operating executive and we are pleased he has agreed to step in as our interim CFO," said W. Nicholas Howley, TransDigm Group's Chairman and CEO.  "Our financial performance and outlook remain strong, and I am confident Jim will help guide us through a seamless transition as we search for a permanent successor."

Mr. Skulina has been with the Company since 1994.  For the last six years, Mr. Skulina has been an Executive Vice President responsible for many of TransDigm's existing businesses and new acquisitions.   He has also served the Company in financial roles, including Corporate Controller and Controller for the Company's AeroControlex business unit, and in other roles, including President of the Company's AeroFluid Products business.   Mr. Skulina has an MBA from Cleveland State University and Bachelor of Accounting degree from Bowling Green State University.

About TransDigm Group

TransDigm Group, through its wholly-owned subsidiaries, is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, NiCad batteries and chargers, engineered latching and locking devices, rods and locking devices, engineered connectors and elastomers, databus and power controls, cockpit security components and systems, specialized cockpit displays, aircraft audio systems, specialized lavatory components, seatbelts and safety restraints, engineered interior surfaces and related components, lighting and control technology, military personnel parachutes, high performance hoists, winches and lifting devices, and cargo loading, handling and delivery systems.

Contact:
Liza Sabol
Investor Relations
(216) 706-2945
ir@transdigm.com

Securitas Acquires Security Solutions Company in Germany

STOCKHOLM, Jan 2, 2018 /PRNewswire/ --

Securitas has acquired all shares in the security solutions company Süddeutsche Bewachung in Germany. Enterprise value is estimated to MSEK 80 (MEUR 8.2).

Süddeutsche Bewachung has annual sales of approximately MSEK 95 (MEUR 9.6) and 300 employees. The company offers on-site, mobile and remote guarding in the Rhein-Neckar area in the south-west of Germany, with headquarter located in Mannheim. The company has a very solid customer portfolio, comprising many customer segments. With this acquisition, Securitas strengthens its position in this area of Germany.

The acquisition is consolidated in Securitas as of January 2, 2018.
 
This press release is also available at: www.securitas.com

Information:

Micaela Sjökvist, Head of Investor Relations,Securitas AB,
mobile 076-116 7443 or email micaela.sjokvist@securitas.com

This information was brought to you by Cision http://news.cision.com
http://news.cision.com/securitas/r/securitas-acquires-security-solutions-company-in-germany,c2424064

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CenturyLink announces two additional leadership appointments

MONROE, La., Jan. 2, 2018 /PRNewswire/ -- CenturyLink, Inc. (NYSE: CTL) today announced the appointment of two additional executives reporting to Chief Operating Officer Jeff Storey.

Gaurav Chand

Executive Vice President ? Marketing

Gaurav Chand has been named executive vice president ? marketing, effective today. Previously, Chand served as the global senior vice president, marketing ? infrastructure solutions group for Dell EMC. He has worked for Dell since 2000, serving in a variety of managerial and executive capacities focused primarily on enterprise marketing, including brand and digital transformation.

Chand will be responsible for CenturyLink's marketing strategy, marketing communications, brand and customer experience. He also will be responsible for the development of the company's digital transformation strategy, driving the company's digital interaction with customers, including buying services, obtaining support and using automated services for provisioning.

He earned his bachelor of science degree in computer science from Fergusson College in Pune, India and a master of business administration degree from Southern Methodist University in Dallas.

Executive Vice President ? Product Management

Shaun Andrews is CenturyLink's executive vice president, product management. Andrews was previously the senior vice president, IP and real-time communications for Level 3, and has nearly 25 years of experience in the telecommunications industry. Prior to Level 3, Andrews held a number of senior-level roles in product development, product management, sales and business development at IntelePeer, WilTel and SBC Communications.

Andrews focuses on the company's go-to market strategy, pricing, product management and product marketing.

He holds a bachelor's degree in business from Miami University in Oxford, Ohio and a master of business administration from Northwestern University in Evanston, Illinois.

"Both of these executives bring a tremendous amount of experience to their roles and they will be instrumental in developing the strategy for and marketing of the right products and services to meet the needs of our customers in the fast-evolving communications marketplace," Storey said. "We are the perfect partner to assist our customers with their own digital transformation efforts, given our unparalleled network, our extensive product and service offerings and our tremendous employee expertise."

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.

Shaun Andrews

 

CenturyLink logo.

Photo - http://mma.prnewswire.com/media/623562/CenturyLink_Gaurav_Chand.jpg  
Photo - http://mma.prnewswire.com/media/623561/CenturyLink_Shaun_Andrews.jpg  
Logo - http://mma.prnewswire.com/media/325657/centurylink_logo.jpg

Glance Announces 1 Year Zero Fraud System Wide

VANCOUVER, British Columbia, January 2, 2018 /PRNewswire/ --

Glance Technologies Inc. (CSE: GET.CN) (OTCQB: GLNNF) (FKT: GJT) is proud to announce another milestone: since Glance launched the current version of its proprietary fraud prevention technology more than 1 year ago, its platform has experienced zero fraud across all of its live locations and all Glance Pay Anywhere remote payments.  Glance intends to apply elements of its fraud prevention technology to its upcoming rewards and loyalty based cryptocurrency platform.

"We firmly believe that both traditional and cryptocurrency payments will largely be done via mobile devices," says Glance CEO Desmond Griffin, "Payment fraud is a significant problem for anyone accepting payments and we believe it is currently a barrier to the adoption of cryptocurrencies.  Thus we believe that platforms which can reduce or eliminate fraud will be best positioned to succeed in the long run."

In contrast to Glance Pay's fraud performance, according to the New York Times, during the initial months after Apple Pay's launch merchants experienced approximately 6% fraud - in other words, 6% of payments conducted via Apple Pay were fraudulent and the merchants suffered the losses. This inability to stop fraud helps explain why Apple Pay tap transactions are generally capped at maximum of $100, whereas Glance Pay does not have this limitation. Additionally, Coinbase (coinbase.com), one of the largest cryptocurrency exchange platforms, currently charges users a fee of 3.99% for credit or debit card conversions to cryptocurrency, in addition to anything they may make on the spread of the transaction, which is much higher than rates experienced by traditional merchants.

Glance has previously announced licensing deals for its technology platform and is in discussions for other new licensing deals.

About Glance Technologies Inc. 

Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order goods and services, make payments, access digital receipts, redeem digital deals, earn great rewards & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, geo targeted digital coupons, customer feedback, in-merchant messaging and custom automated rewards programs. The Glance Pay mobile payment system consists of proprietary technology, which includes user apps available for free downloads in IOS (Apple) and Android formats, merchant manager apps, a large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing. Glance Pay has entered into significant licensing agreements to access the cannabis, fitness and wellness, foreign student and tourist markets through Cannapay Financial Inc., Active Pay Distribution Inc. and Euro Asia Pay Holdings Inc.  Glance owns Glance Blockchain Token Inc., which is developing the Glance Token as a cryptocurrency with a series of smart contracts for customer engagement through rewards. Glance is part of the CSE25 Index and the CSE composite index.

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

Forward-Looking Statements 

This press release contains forward-looking information or forward-looking statements (collectively "forward- looking information") within the meaning of applicable securities laws. Forward- looking information is typically identified by words such as: "will" "may" "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. Glance cautions investors that any forward-looking information provided by Glance is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking complete discussion of such risk factors and their potential effects which may be accessed through the Glance's profile on SEDAR at http://www.sedar.com.  in particular, Glance may not be successful in building its planned cryptocurrency or there may not be sufficient support for the cryptocurrency to make it a success.  

For more information about Glance, please go to http://www.glance.tech or contact:  
Christina Rao  
Vice President, Investor Relations  
(604)-723-7480   
investors@glancepay.com  

Securitas Strengthens the Position Within Electronic Security in France

STOCKHOLM, Jan. 2, 2018 /PRNewswire/ --

Securitas has acquired all shares in the electronic security company Automatic Alarm in France. Enterprise value is estimated to approximately MSEK 430 (MEUR 44).

Automatic Alarm is a nation-wide system integrator and installer of electronic security solutions, including intruder systems, video surveillance and access control, with multiyear maintenance contracts. The company, with 250 employees, has annual sales of approximately MSEK 370 (MEUR 38).

"The acquisition is in line with our Group strategy to integrate electronic security into our on-site and mobile security solutions offerings. This major acquisition positions Securitas as a significant player within electronic security and it strengthens us as the market leader in France," says Securitas President and CEO, Alf Göransson.

The acquisition is consolidated in Securitas as of January 2, 2018.

This press release is also available at: www.securitas.com

Contact Information:
Micaela Sjökvist
Head of Investor Relations,
Securitas AB
Mobile +46-76-116-7443
email micaela.sjokvist@securitas.com

This information was brought to you by Cision http://news.cision.com
http://news.cision.com/securitas/r/securitas-strengthens-the-position-within-electronic-security-in-france,c2424061

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