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UF/IFAS, Florida Strawberry Industry, and Ohalo Join Forces to Combat Devastating Fungal Disease

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APTOS, Calif., Dec. 20, 2024 /PRNewswire/ — Ohalo Genetics, Inc. has entered into a groundbreaking Development & Commercialization Agreement with the University of Florida’s Institute of Food and Agricultural Sciences, Florida Foundation Seed Producers, Inc., and the Florida Strawberry Growers Association (FSGA) to address the significant threat of neopestalotiopsis to the strawberry industry.

This fungal disease, which can wipe out entire strawberry fields, has become one of the most damaging issues faced by Florida strawberry growers, affecting crop yields, increasing production costs and threatening the livelihood of farmers in a state known as the “Winter Strawberry Capital of the United States“.

Neopestalotiopsis was first detected in Florida in 2017, with notable outbreaks in subsequent years. By 2019 and 2020, the disease had become widespread and severely damaged the crop across the state.

Currently, there are no commercially available public strawberry varieties resistant to neopestalotiopsis. Growers have relied on fungicides and rigorous field management practices to mitigate the disease’s effects, but these methods come with increased costs and limited effectiveness.

In response to this challenge, Ohalo® leveraged its advanced breeding technology platform with genetic resources from UF/IFAS to develop a novel trait that makes a strawberry plant resistant to neopestalotiopsis and integrated that trait into existing University of Florida strawberry varieties. These new, resistant varieties will enter non-commercial, experimental trials in 2025.

“This collaboration showcases the power of public-private partnerships in solving critical agricultural challenges,” said Jud Ward, CTO of Ohalo. “The Florida strawberry industry approached us with the urgent need to tackle neopestalotiopsis, a disease that devastates crops. We were proud to step up to the challenge, and by working with the Florida partners, we’re leveraging our proprietary advanced breeding system alongside their deep agricultural expertise to create a sustainable, long-term solution.”

This partnership is set to deliver significant advantages for Florida’s strawberry growers:

Mitigating Crop Losses: Neopestalotiopsis has been responsible for substantial yield reductions, with affected fields experiencing severe damage. By introducing resistant varieties, growers can markedly decrease these losses, leading to more stable and increased yields.Reducing Production Costs: Currently, managing neopestalotiopsis relies on the use of fungicides and rigorous field management practices, which can be costly, have limited efficacy, and are labor-intensive. The adoption of resistant varieties will lessen dependence on these measures, resulting in cost savings on chemical inputs and labor.Enhancing Fruit Quality: Healthier plants are better positioned to produce high-quality fruit. By mitigating the stress and damage caused by neopestalotiopsis, the new resistant varieties can lead to improvements in fruit size, shelf life, and overall marketability, benefiting both growers and consumers.Promoting Sustainable Farming Practices: The development and adoption of disease-resistant varieties align with sustainable agriculture goals, offering a long-term, environmentally friendly approach to disease management.

A shared commitment to Florida strawberries

The funding for this groundbreaking initiative comes from across the Florida strawberry industry, reflecting the unified commitment to safeguarding this vital crop. By integrating Ohalo’s advanced breeding technologies with the expertise of the Florida partners, this partnership is poised to secure the future of strawberry farming in the state.

“This is a vital partnership to achieve a timely solution for the benefit of our industry that would not have otherwise been possible,” said Vance Whitaker, professor of horticultural sciences at UF/IFAS, who is working on this project in collaboration with Seonghee Lee, associate professor of horticultural sciences at UF/IFAS.

“This partnership is about more than just research; it’s about delivering real solutions to the fields in Florida through public-private partnership,” said John Beuttenmuller, executive director of Florida Foundation Seed Producers, Inc., a non-profit corporation responsible for the technology transfer of plant genetics developed at UF/IFAS. “Our collaboration with Ohalo means that growers will have access to resilient varieties, ensuring that Florida strawberries remain a staple for years to come.” 

Kenneth Parker, executive director of the Florida Strawberry Growers Association, said, “The Florida strawberry industry has always been innovative, and this initiative will create effective solutions to ensure the continued success of the Florida strawberry industry, a significant contributor to Florida’s economy, with a total economic impact of about $1 billion.”

As neopestalotiopsis continues to pose a threat to strawberry production, this collaboration represents a significant step forward in ensuring the resilience and prosperity of Florida’s strawberry industry.

For more information about Ohalo, visit www.ohalo.com.

About Ohalo
Ohalo® aims to accelerate evolution to unlock nature’s potential. Founded in 2019, Ohalo develops novel breeding systems and improved plant varieties that help farmers grow more food with fewer natural resources, increasing the yield, resiliency, and genetic diversity of crops to sustainably feed our population. Ohalo’s breakthrough technology, Boosted Breeding™, will usher in a new era of improved productivity to radically transform global agriculture. For more information, visit www.ohalo.com.

About The Florida Partners

UF/IFAS
UF/IFAS carries on a comprehensive strawberry research, extension, and teaching program throughout the State of Florida, including strawberry breeding and genetics research at the UF/IFAS Gulf Coast Research and Education Center near Plant City, FL. UF/IFAS-developed strawberry varieties account for nearly 90% of the strawberries grown in Florida.

FFSP
Florida Foundation Seed Producers, Inc. is a non-profit corporation and direct support organization of the University of Florida. FFSP is responsible for all technology transfer aspects for new plant genetics developed by UF/IFAS plant breeders. Over the past twenty years, FFSP has received more than 540 new invention disclosures and issued more than 2,800 patent license agreements to bring new plant innovation to market while also supporting the preeminent plant breeding programs at UF/IFAS.

FSGA
The Florida Strawberry Growers Association is a non-profit organization that was founded by a group of Florida strawberry growers in 1982 to represent the interests of the Florida strawberry industry. Through its sister organization, the Florida Strawberry Research and Education Foundation, it works to support strawberry research at UF/IFAS.  Its other sister organization, the Florida Strawberry Patent Service, works to obtain licenses from FFSP and then sublicense nurseries for the production of patented varieties developed at UF/IFAS.

 

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SOURCE Ohalo Genetics, Inc

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EXRO PROVIDES UPDATE ON SEMI-ANNUAL INTEREST PAYMENTS ON OUTSTANDING CONVERTIBLE DEBENTURES

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CALGARY, AB, Dec. 20, 2024 /PRNewswire/ – Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF), a leading clean-technology company that provides new-generation power control electronics that expand the capabilities of electric motors and batteries, is pleased to provide an update on the settlement of interest payments through the issuance of common shares.

Pursuant to the terms of the C$15,000,000 secured convertible debentures of the Company issued on December 30, 2022 (the “Debentures”), bearing interest at 12% per annum, payable semi-annually in arrears beginning on June 30, 2023 (the “Due Date”). As of December 20, 2024 the Company has 14,950 debenture units outstanding, and an aggregate amount of interest owing on the Debentures payable of C$897,000 (the “Interest”). The Company has elected to issue 6,407,141 common shares in the capital of the Company (“Common Shares”) at a deemed price of $0.14 to the debenture holders as payment for the interest. Pursuant to the Debentures, the deemed issue price per Common Share is calculated based on the volume weighted average trading price of the Common Shares for the five trading days immediately prior to December 20, 2024.

The issuance of the Common Shares as payment for interest owing on the Debentures is subject to the terms and conditions of the Debentures as well as the receipt of all requisite approvals, including, without limitation, the approval of the Toronto Stock Exchange.

About Exro Technologies Inc.

Exro Technologies Inc., now expanded through the strategic acquisition of SEA Electric, is a leading clean technology company that has developed new generation power control electronics. Its innovative suite of solutions, including Coil Driver™, Cell Driver™, and SEA-Drive®, expand the capabilities of electric motors and batteries and offer OEMs a comprehensive e-propulsion solution with unmatched performance and efficiency. Exro is reshaping global energy consumption, accelerating adoption towards a circular electrified economy by delivering more with less – minimum energy for maximum results.

For more information, please visit www.exro.com.

To view our Investor Presentation, visit us at www.exro.com/investors.

Follow us on social media @Exrotech.

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SOURCE Exro Technologies Inc.

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OPTICAL CABLE CORPORATION SCHEDULES CONFERENCE CALL TO DISCUSS FOURTH QUARTER AND FISCAL YEAR 2024 RESULTS

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ROANOKE, Va., Dec. 20, 2024 /PRNewswire/ — Optical Cable Corporation (Nasdaq GM: OCC) (“OCC®”) today announced that it will release its fourth quarter and fiscal year 2024 results on Monday, December 23, 2024. The fourth quarter and full year results are for the three-month and twelve-month periods ended October 31, 2024. The Company will also host a conference call on Monday, December 23, 2024, at 10:30 a.m. Eastern Time.

Individuals wishing to participate in the conference call should call (800) 445-7795 in the U.S. or (785) 424-1699 internationally, Conference ID: OCCQ424. For interested individuals unable to join the call, a replay will be available through Monday, December 30, 2024, by dialing (800) 839-7414 or (402) 220-6068. The call will also be broadcast live over the internet and can be accessed by visiting the investor relations section of the Company’s website at www.occfiber.com.

As in the past, OCC will answer questions from analysts and fund investors during the conference call. OCC also invites individual investors to submit questions in advance of the conference call. Questions should be submitted in writing to occ-jfwbk@joelefrank.com by 9:00 a.m. Eastern Time on Monday, December 23, 2024.

Company Information

Optical Cable Corporation (“OCC®”) is a leading manufacturer of a broad range of fiber optic and copper data communication cabling and connectivity solutions primarily for the enterprise market and various harsh environment and specialty markets (collectively, the non-carrier markets) and also the wireless carrier market, offering integrated suites of high-quality products which operate as a system solution or seamlessly integrate with other components.

OCC® is internationally recognized for pioneering innovative fiber optic and copper communications technologies, including fiber optic cable designs for the most demanding environments and applications, copper connectivity designs to meet the highest data communication industry standards, as well as a broad product offering built on the evolution of these fundamental technologies.

OCC uses its expertise to deliver cabling and connectivity products and integrated solutions that are best suited to the performance requirements of each end-user’s application. And OCC’s solutions offerings cover a broad range of applications—from commercial, enterprise network, datacenter, residential and campus installations to customized products for specialty applications and harsh environments, including military, industrial, mining, petrochemical and broadcast applications, as well as for the wireless carrier market.

Founded in 1983, OCC is headquartered in Roanoke, Virginia with offices, manufacturing and warehouse facilities located in Roanoke, Virginia, near Asheville, North Carolina and near Dallas, Texas. OCC’s facilities are ISO 9001:2015 registered and its Roanoke and Dallas facilities are MIL-STD-790G certified.

Optical Cable Corporation™, OCC®, Procyon®, Superior Modular Products™, SMP Data Communications™, Applied Optical Systems™, and associated logos are trademarks of Optical Cable Corporation.

Further information about OCC® is available at www.occfiber.com.

AT THE COMPANY: 

Neil Wilkin                                                     

Tracy Smith

Chairman, President & CEO                         

Senior Vice President & CFO

(540) 265-0690                                               

(540) 265-0690

investorrelations@occfiber.com                     

investorrelations@occfiber.com  

AT JOELE FRANK, WILKINSON BRIMMER KATCHER:

Aaron Palash   

Spencer Hoffman

(212) 355-4449 ext. 8603   

(212) 355-4449 ext. 8928

occ-jfwbk@joelefrank.com 

occ-jfwbk@joelefrank.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/optical-cable-corporation-schedules-conference-call-to-discuss-fourth-quarter-and-fiscal-year-2024-results-302337797.html

SOURCE Optical Cable Corporation

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JOSH BERMAN JOINS ASSEMBLY AS EVP, ASSEMBLY LEAD IN NORTH AMERICA

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Strategic hire underscores Assembly’s commitment to bolstering its leadership team to deliver best-in-class services and results for its clients. 

NEW YORK, Dec. 20, 2024 /PRNewswire/ — Assembly, a leading global marketing agency within the Stagwell (STGW) network, today announced the appointment of Josh Berman as Executive Vice President, Assembly Lead. Earlier this year, Assembly unveiled a new operating structure with teams organized into ‘Assemblies’ based on geography and industry sector. Based in New York, Berman will co-lead Assembly East, focusing on deepening brand relationships, driving innovation, and providing more rigor, expertise, and growth for clients.

Berman brings 15 years of media industry experience to Assembly. Most recently, as Managing Partner and Client Lead at Wavemaker, he led media planning and buying for a major Church & Dwight brand and contributed to global product development initiatives, leveraging data and technology to craft effective marketing solutions. Over his career, Josh has partnered with marquee brands across various industries, including Citi, Campbell’s, IKEA, Tiffany & Co., Amgen, Marriott, and AT&T. 

Berman’s appointment is part of Assembly’s ongoing growth efforts, ensuring that the agency remains at the forefront of the industry and continues to meet clients’ evolving needs.

“Our clients get the best of both worlds—an agency big enough to lead yet small enough to care—which means each client receives the attention, dedicated leadership, and prioritization the industry and clients are demanding,” said Rick Acampora, Global CEO of Assembly. “Josh’s extensive experience in media strategy, analytics, client leadership, and innovation, coupled with his ability to fuse media and creative to unlock and accelerate brand performance, will be instrumental as we continue to elevate and find the change that fuels growth for our clients. We are thrilled to have him join our team.”

Berman’s role is effective immediately.

ABOUT ASSEMBLY
Assembly is a leading global omnichannel media agency that merges data, talent, and technology to catalyze growth for the world’s most esteemed brands. Our holistic approach weaves together compelling brand narratives with a comprehensive suite of global media capabilities, driving performance and fostering significant business expansion. Our initiatives are powered by STAGE, our proprietary operating system, and executed by a dedicated global team of over 2,300 professionals across 35 offices worldwide. Committed to purposeful action, Assembly leads the way in social and environmental impact within the agency realm. As a proud member of Stagwell, the challenger network designed to revolutionize marketing, Assembly continues to set new standards of excellence. For more information, please visit assemblyglobal.com.

Contact
Mariana Delacqua
mariana.delacqua@assemblyglobal.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/josh-berman-joins-assembly-as-evp-assembly-lead-in-north-america-302337752.html

SOURCE Assembly

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