<![CDATA[ Press Release Submission and Distribution Services | Press Release Power ]]> en 2026-04-07 13:50:17 <![CDATA[LEA Networks and Methode Electronics sign for Distribution Agreement]]> https://www.pressreleasepower.com/news/malawi/lea-networks-and-methode-electronics-sign-for-distribution-agreement AMSTERDAM--(Press Release Power)--LEA Networks, a basic supplier of broadband networking and insolent powering solutions, and Methode Electronics, Inc (NYSE: MEI), a global developer and manufacturer of custom-engineered and application-specific products and solutions, today announced they have entered into a Sales & Marketing Distribution Agreement. Under this Agreement, LEA Networks will market and sell Methode’s G.hn Single Port DPU also known as MDPE (micro DPU) and attendant SFP modules into the European market. The SFP modules are planned to be used both on the mDPU side or in third-party RG.

G.hn is an ITU networking ordinary that delivers data rates up to 2 Gbps and can operate over twisted-pair and coax cables.

“An affordable alternative to an all-fibre deployment is what customers are looking for to simplify and help reduce installation time and costs,” said Thierry Fernandez, CEO of LEA Networks. “Methode’s MDP solution combined with our RPF solutions strengthen LEA Networks broadband access portfolio, giving our customers a complementary solution to deliver 1 Gbps over existing copper or coax lines.”

“Taking collaborated for the past several years on the implementation of RPF for the MDPE, Methode is looking forward to partnering with Lea Networks to expand our broadband network edge solutions reach into the regions they already serve,” said Jennifer Elliott, Director of Worldwide Sales for the data made division of Methode Electronics.

Availability

A complete end-to-end solution (G.hn mDPU, G.hn SFP modules and RPF PSE) is available now from LEA Networks. A live demo will be displayed at the BBWF event at LEA Networks’ booth #H50, held in Amsterdam, Netherlands, from October 15th-17th.

About LEA Networks

LEA Networks is a worldwide leader in xDSL/G. fast splitters/filters, PLC, Smart Powering (PoE, RPF and Wireless Power), whirlwind protection and connectivity solutions for the telecommunication industry. The company researches, designs, markets, and distributes a wide range of standard and custom products, which have been deployed by over 150 carriers worldwide. Headquartered in Paris, France, LEA Networks is a wholly-owned subsidiary of HF Company (Euronext: HF).

About Methode

Methode Electronics, Inc. (NYSE: MEI) is a global developer of custom engineered and application detailed products and solutions with engineering, design and testing facilities in Belgium, Canada, China, Egypt, Germany, India, Italy, Lebanon, Malta, Mexico, Singapore, Switzerland, UK and the USA. Our components are in the primary end markets of the automobile, computer, information processing and networking equipment, voice and data communication systems, CE, appliances, aerospace vehicles and industrial equipment industries. Further information can be found on Methode’s Web site www.methode.com.

Contacts

LEA Networks

Pablo Sandoval

VP of Business Development

pablo.sandoval@lea-networks.com


Methode Electronics

Jennifer Elliott

Director Worldwide Sales

jelliott@methode.com


More information is at https://www.lea-networks.com.

]]> Malawi 157 2019-10-15 06:44:48 <![CDATA[PastBook Successes the Deloitte Technology Fast50 2019 for the Media & Acting Part and Kinds It to the Platform of the Race]]> https://www.pressreleasepower.com/news/malawi/pastbook-successes-the-deloitte-technology-fast50-2019-for-the-media-acting-part-and-kinds-it-to-the-platform-of-the-race

AMSTERDAM--(Press Release Power)--At the 20th publication of the Deloitte Gen Fast50 award ceremony, PastBook  the worldwide podium for one click photo products, based in Amsterdam and founded by Italian entrepreneur Stefano Cutello - won the category award as the #1 fastest increasing technology company in the Media & Performing sector and completed it to the top #3 of the entire competition ranking, with a business growth of 4623%.

"Fetching one of the top fastest growing tech company isn’t an easy job, specially if you are a solo-founder. I want to deeply thank my team, my shareholders - and everyone that took part of our journey - for the trust, appetite and hard work that made our incredible growth possible. I'd like to dedicate this gift to Laura (RIP), a colleague and key employee that united PastBook when this growth was just about to start and helped us scaling all the way up till recent time: thank you."

- Stefano Uccello, Founder & CEO of PastBook

The Deloitte Technology Fast 50 is an twelve-monthly voting of the fifty fastest growing technology companies on the basis of the percentage revenue growth over the past four years. Firms under the age of 4 can partake in the Rising Star program.

Here's the full ranking: https://www2.deloitte.com/nl/nl/pages/technologie-media-telecom/articles/ranking-technology-fast50.html

"This year is the 20th edition of the Fast 50. In all those years we have not received so many processes before. The quality and the growth rates of the applications were extremely high. To enter the ranking this year a lowest growth fraction of 312 percent was needed. This displays that the temperature among scale-ups has improved."

- Bart de Vies, partner at Deloitte and program leader of the Information Fast 50.

Contacts

Stefano Cutello

Founder & CEO

press@pastbook.com

+1 (435) 728-0674

Website: https://www.pastbook.com

Pressroom: https://news.pastbook.com


]]> Malawi 146 2019-10-14 07:41:40 <![CDATA[Beter Bed Holding reaches agreement on the divestment of Matratzen Concord]]> https://www.pressreleasepower.com/news/malawi/beter-bed-holding-reaches-agreement-on-the-divestment-of-matratzen-concord Highlights:

Beter Bed Holding is delighted to announce it has reached an agreement with Magical Honour Limited for the divestment of Matratzen Concord Germany, Switzerland and Austria for a purchase price of € 5 million in cash, plus an additional contingent deferred payment in cash depending on the performance of Matratzen Concord in the first year after completion.
Completion of the divestment is expected by the end of 2019, at the latest, and is subject to regulatory approval in Germany, limited confirmatory due diligence and Beter Bed Holding’s shareholder approval.
As part of the investment in Matratzen Concord, Magical Honour Limited is committing to invest € 15 million in Matratzen Concord to ensure the company’s recovery and future growth.
The divestment of Matratzen Concord is accompanied by a concurrent equity investment in Beter Bed Holding of Magical Honour Limited of € 5 million, consisting of 2.15 million shares at € 2.32 per share.
The agreement significantly enables the return to the financial stability of Beter Bed Holding and positions the company for sustainable growth.

John Kruijssen, CEO of Beter Bed Holding, comments:

“This transaction creates an improved financial platform in line with our previously announced strategy, permitting us to focus on our core operations in the Benelux, along with the Wholesale and Digital channels, and the operations in Sweden. This combined transaction of the divestment and the equity investment will enable Beter Bed Holding to continue the transformation to once again become a financially robust company. We welcome Magical Honour Limited as an anchor shareholder to Beter Bed Holding.
At the same time, it ensures Matratzen Concord operates in an environment where it can fully recover its potential. We continue to see the potential of the Matratzen Concord chain, and with the right focus and the much-needed investments that are secured by this transaction, we believe all its stakeholders, including its employees, can enjoy a sustainable future.”

Extraordinary General Meeting of Shareholders (EGM)

Beter Bed Holding will be held an EGM on 26 November to request shareholders’ approves for the disclosure of Matratzen Concord and the issuance of 2.15 million new shares. The meeting will be assembled in a customary manner. The agenda and notice will be published on Beter Bed Holding’s website by 14 October.

Further details

The purchasing entity is a vehicle that consists of an Asian private equity investor with strong ties to key players in the bedding industry. It has a powerful track record of ownership, transformation and realisation of investment returns. In order to transform Matratzen Concord, Magical Honour Limited will leverage strong industrial expertise to drive sourcing synergies, to realise shorter route-to-market for both product and technology innovations, and to benefit from vertical industry integration opportunities. At the same time, the operational results of Matratzen Concord have recently stabilised under leadership of the new management Marc-Derek Schönberger (CEO) and Henry Cohen (CFO). It is the intention of all parties involved that they will continue as the Management Board of Matratzen Concord under Magical Honour Limited’s ownership.

The purchase price for all activities of Matratzen Concord in Germany, Austria and Switzerland will be € 5 million on a cash- and debt-free basis corrected for certain working capital and operational accruals, upon completion of the divestment. The parties consent upon an additional contingent deferred payment from Matratzen Concord to Beter Bed Holding if certain profitability milestones are met in the first year after the transaction.

After completion of the equity investment at a premium of 36% compared to the closing share price of 11 October 2019, Magical Honour Limited will own circa 8.9% of the shares of Beter Bed Holding, demonstrating the commitment of both parties to actively pursue the attractive strategic and financial benefits that this transaction offers to both parties.

This combined transaction of the divestment and the equity investment provides additional liquidity to Beter Bed Holding in order to continue its transformation to once again become a financially robust company. The focus of the remaining company will be on the core operations in the Benelux, which is good-positioned to accelerate the current growth by further investing in new products, campaigns, technology and the expertise of the employees.

Profile

Beter Bed Holding is a European retail organisation that offers its customers the best quality rest at affordable prices. The organisation’s aim is to do this through its international retail brands, through its own wholesaler operation DBC International and, at an increasingly relevant share, through Digital channels.

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

For more information

John Kruijssen                                                           Hugo van den Ochtend   
CEO                                                                            CFO       
+31 (0)413 338819                                                    +31 (0)413 338819           
+31 (0)6 13211011                                                    +31 (0)6 25746309           
john.kruijssen@beterbed.nl                                        hugo.vandenochtend@beterbed.nl    

]]> Malawi 141 2019-10-14 06:53:50