WillScot Mobile Mini Holdings to Participate in the Jefferies Industrial Conference

PHOENIX, Aug. 08, 2022 (GLOBE NEWSWIRE) — WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the “Company”) (Nasdaq: WSC), the North American leader in modular space and portable storage solutions, today announced that Brad Soultz, Chief Executive Officer, and Nick Girardi, Sr. Director of Treasury & Investor Relations, will participate in a fireside chat and host private investor meetings at the 2022 Jefferies Industrial Conference in New York on Tuesday, August 9, 2022. The fireside chat will take place at 11 a.m. EDT.

About WillScot Mobile Mini Holdings

WillScot Mobile Mini Holdings trades on the Nasdaq stock exchange under the ticker symbol “WSC.” Headquartered in Phoenix, Arizona, the Company is a leading business services provider specializing in innovative flexible workspace and portable storage solutions. WillScot Mobile Mini services diverse end markets across all sectors of the economy from a network of over 275 branch locations and additional drop lots throughout the United States, Canada, Mexico, and the United Kingdom.

Additional Information and Where to Find It

Additional information can be found on the company’s website at www.willscotmobilemini.com

Contact Information

Investor Inquiries:

Nick Girardi
nick.girardi@willscotmobilemini.com

Media Inquiries:

Jessica Taylor
Jetaylor@willscotmobilemini.com

 

UPS to Acquire Multinational Healthcare Logistics Provider Bomi Group

Acquisition Will Enhance End-to-End Global Healthcare Logistics Capabilities and Expand Scale and Expertise in Europe and Latin America

ATLANTA, Aug. 08, 2022 (GLOBE NEWSWIRE) — UPS (NYSE: UPS) today announced plans to acquire Bomi Group, an industry-leading multinational healthcare logistics provider. The transaction will add temperature-controlled facilities in 14 countries and nearly 3,000 highly-skilled Bomi Group team members to the UPS Healthcare network in Europe and Latin America.

“As a leading global healthcare logistics company, Bomi enhances our portfolio of services and accelerates our journey to become the number one provider of complex healthcare logistics,” said EVP and President of UPS International, Healthcare and Supply Chain Solutions Kate Gutmann. “UPS Healthcare and Bomi Group employees share similar values and our cultures are firmly rooted in a relentless focus on quality. The combination of our two teams will significantly improve our healthcare customers’ ability to continue to develop and deliver life-saving innovations.”

Since 1985, Bomi Group has provided high value-added services for the Medtech and Pharma sectors with a customized and tailored approach. It is a quality-focused company devoted to healthcare that has built solid and long-lasting business relationships with more than 150 multinational customers worldwide.

Key Bomi Group leaders, including CEO Marco Ruini, will continue in their roles to provide seamless service to Bomi Group customers after the transaction closes. Bomi Group’s employees will also continue to play vital roles in the combined organization.

“With over 35 years in the healthcare logistics industry, our team has developed best-in-class services designed to meet and exceed the needs of our medical technology and pharmaceutical customers,” said Ruini. “Joining the UPS team will expand those capabilities and create an even more integrated and powerful global network for our customers.”

The acquisition will add more than 350 temperature-controlled vehicles and four million square feet (391k m2) to the UPS Healthcare global footprint, offering customers access to faster shipping times, greater production flexibility, and offerings to help them attract new business. The acquisition will play a key role in the delivery of next-generation pharmaceutical and biologic treatments that increasingly require time-critical and temperature-sensitive logistics.

“We are focused on building healthcare logistics capabilities and services that allow our customers to deliver the newest healthcare innovations,” said UPS Healthcare President Wes Wheeler. “We are excited to combine Bomi’s talent, expertise and capabilities with UPS Healthcare – together, we will provide unmatched solutions to our customers, powered by UPS’s integrated, global smart logistics network.”

The acquisition of Bomi is part of UPS Healthcare’s continued expansion of its network and services to meet growing demand – including Bomi, UPS Healthcare has doubled its global footprint since 2020. Recent expansions include newly constructed and soon-to-be-opened dedicated state-of-the-art healthcare logistics facilities in Germany and Australia, and expanded campuses in Hungary and the Netherlands.

UPS Healthcare also recently enhanced UPS Premier, a technology-led service that can prioritize and track critical shipments within 10 feet (about 3 meters) of their location anywhere in UPS’s global network. UPS Premier brings worldwide visibility, control, reliability and product recovery capabilities to UPS Healthcare customers.

These expansions and new services meet the complex and varied needs of UPS Healthcare’s customers, helping them turn logistics into a competitive advantage.

The transaction is expected to close by the end of the year, subject to customary regulatory review and approval. The value and terms of the transaction are not being disclosed at this time. J.P. Morgan Securities LLC served as the financial advisor to UPS.

For more information about UPS Healthcare’s innovations and customer-driven solutions, visit Healthcare.ups.com and about.ups.com.

About UPS
UPS (NYSE: UPS) is one of the world’s largest companies, with 2021 revenue of $97.3 billion, and provides a broad range of integrated logistics solutions for customers in more than 220 countries and territories. Focused on its purpose statement, “Moving our world forward by delivering what matters,” the company’s more than 500,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to reducing its impact on the environment and supporting the communities we serve around the world. UPS also takes an unwavering stance in support of diversity, equity and inclusion. More information can be found at www.ups.com, about.ups.com, and www.investors.ups.com.

About UPS Healthcare
UPS Healthcare delivers unparalleled healthcare logistics expertise to its customers around the world. UPS Healthcare has 11+ million square feet of cGMP and GDP-compliant healthcare distribution space globally. Services include inventory management, cold chain packaging and shipping, storage and fulfillment of medical devices, and lab and clinical trial logistics. UPS Healthcare’s global infrastructure, its UPS® Premier visibility service, its track and trace technology, and its global quality system are well-suited to meet today’s complex logistics demands for the pharmaceutical, medical device, and laboratory diagnostic industries. Visit Healthcare.ups.com for more information.

About Bomi Group

BOMI GROUP is a leading Italian multinational company in the field of integrated logistics serving the Healthcare sector. Bomi is the logistics partner of more than 150 customers worldwide, including major players in the medical device, in vitro diagnostics, biomedical and pharmaceutical sectors. The Group is present through its subsidiaries and affiliates in 14 countries worldwide, with a particular focus on Europe and South America, employs over 3,000 people and has its own fleet of vehicles for daily deliveries to hospitals, clinics, laboratories, pharmacies and home patients. For more information visit bomigroup.com.

Forward-Looking Statements

This release and our filings with the Securities and Exchange Commission contain and in the future may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than those of current or historical fact, and all statements accompanied by terms such as “will,” “believe,” “project,” “expect,” “estimate,” “assume,” “intend,” “anticipate,” “target,” “plan,” and similar terms, are intended to be forward-looking statements. Forward-looking statements are made subject to the safe harbor provisions of the federal securities laws pursuant to Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

From time to time, we also include written or oral forward-looking statements in other publicly disclosed materials. Forward-looking statements may relate to our intent, belief, forecasts of, or current expectations about our strategic direction, prospects, future results, or future events; they do not relate strictly to historical or current facts. Management believes that these forward-looking statements are reasonable as and when made. However, caution should be taken not to place undue reliance on any forward-looking statements because such statements speak only as of the date when made and the future, by its very nature, cannot be predicted with certainty.

Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations or anticipated results. These risks and uncertainties, include, but are not limited to the impact of: our inability to complete the pending acquisition on the expected terms, or at all, for any reason, including our inability to receive regulatory approvals; continued uncertainties related to the COVID-19 pandemic on our business and operations, financial performance and liquidity, our customers and suppliers, and on the global economy; changes in general economic conditions, in the U.S. or internationally; industry evolution and significant competition; changes in our relationships with our significant customers; our ability to attract and retain qualified employees; increased or more complex physical or data security requirements, or any data security breach; strikes, work stoppages or slowdowns by our employees; results of negotiations and ratifications of labor contracts; our ability to maintain our brand image and corporate reputation; disruptions to our information technology infrastructure; global climate change; interruptions in or impacts on our business from natural or man-made events or disasters including terrorist attacks, epidemics or pandemics; exposure to changing economic, political and social developments in international markets; our ability to realize the anticipated benefits from acquisitions, dispositions, joint ventures or strategic alliances; changing prices of energy, including gasoline, diesel and jet fuel, or interruptions in supplies of these commodities; changes in exchange rates or interest rates; our ability to accurately forecast our future capital investment needs; significant expenses and funding obligations relating to employee health, retiree health and/or pension benefits; our ability to manage insurance and claims expenses; changes in business strategy, government regulations, or economic or market conditions that may result in impairments of our assets; potential additional U.S. or international tax liabilities; increasingly stringent laws and regulations, including relating to climate change; potential claims or litigation related to labor and employment, personal injury, property damage, business practices, environmental liability and other matters; and other risks discussed in our filings with the Securities and Exchange Commission from time to time, including our Annual Report on Form 10-K for the year ended December 31, 2021, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, and subsequently filed reports. You should consider the limitations on, and risks associated with, forward-looking statements and not unduly rely on the accuracy of predictions contained in such forward-looking statements. We do not undertake any obligation to update forward-looking statements to reflect events, circumstances, changes in expectations, or the occurrence of unanticipated events after the date of those statements.

Contact: UPS Media Relations

pr@ups.com

404-828-7123

China isn’t yet ready to use military force against Taiwan

At 10.00 p.m. local time on Aug. 2, 2022, U.S. House Speaker Nancy Pelosi arrived in Taipei, the highest-ranking U.S. politician to do so for 25 years. The Chinese Communist Party (CCP) angrily announced via its Xinhua news agency that the People’s Liberation Army (PLA) would conduct military areas in six areas encircling Taiwan, between 12 noon on Aug. 4 to 12 noon on Aug. 7, including live-fire exercises.

The PLA’s Eastern Theater Command then announced joint air and sea exercises in the Taiwan Strait and in the waters around the island, including the firing of long-range ammunition. The exercises are widely seen as a shock tactic and deterrent sparked by Pelosi’s visit to Taiwan, and China styles them as a warning to supporters of “Taiwan independence.”

The six areas encircled Taiwan on all sides, bringing PLA forces closer to the island than previous exercises during the 1995-1996 Taiwan Strait crisis, and even encroaching on Taiwan’s territorial waters in some places.

On the morning of Aug. 3, Taiwan’s ministry of defense held an online news conference, at which it strongly condemned the exercises as a de facto air and sea blockade, a serious violation of the island’s territorial waters and as inimical to the status quo in the Taiwan Strait and in violation of the United Nations Convention on the Law of the Sea, and endangering international shipping lanes and regional security.

Their initial analysis was that the CCP was using this show of force to intimidate Taiwan, and as a form of psychological warfare against its people. So the ministry announced it would prepare for war without seeking or avoiding it, and vowed not to escalate the conflict. It said the island’s military would step up vigilance and counter any aggression.

Currently, Taiwan’s combat readiness training is continuing as it had been before, and there have been no recalls of officers or soldiers on leave.

The United States remains on high alert, and is expected to respond to China’s large-scale military exercises and economic coercion against Taiwan.

John Kirby, the National Security Council’s strategic communications coordinator, said in a regular White House media briefing on Aug. 2 that Beijing has no reason to turn this visit, which is in line with long-term U.S. policy, into some kind of crisis, or use it as an excuse for increased aggression and military activity targeting Taiwan.

Sailors direct an EA-18G Growler attached to the Shadowhawks of Electronic Attack Squadron (VAQ) 141 on the flight deck of the U.S. Navy’s only forward-deployed aircraft carrier USS Ronald Reagan (CVN 76) in the Philippine Sea, Aug. 2, 2022. Credit: U.S. Navy
Sailors direct an EA-18G Growler attached to the Shadowhawks of Electronic Attack Squadron (VAQ) 141 on the flight deck of the U.S. Navy’s only forward-deployed aircraft carrier USS Ronald Reagan (CVN 76) in the Philippine Sea, Aug. 2, 2022. Credit: U.S. Navy

Missiles

Kirby said the U.S. side expects China to continue to respond for a longer period of time [than in 1996], but gave no further details, adding that the U.S. doesn’t want a crisis and will seek to manage the situation and not fall into conflict with China.

In other words, the United States has achieved its goal [with Pelosi’s visit], meaning that there is no need to irritate Beijing further, and that the situation, while tense, is generally under control.

The exercises began after Pelosi left Taiwan, so as to avoid direct confrontation with the U.S. military; a kind of deterrent after the fact to save Beijing from admitting defeat, and to prevent other countries from following suit. Without it, China’s “one-China” principle [by which it claims Taiwan as its territory], could have faced unprecedented levels of challenge from the international community, opening the door for Taiwan to increase its presence on the world stage. It was a face-saving exercise by the CCP aimed at mollifying rising nationalism at home.

The current situation is different from the 1995-1996 Taiwan Strait crisis, which lasted for during months, with seven waves of military exercises by the PLA, and amid plans to capture Taiwan’s outer islands of Penghu, Kinmen and Matsu. The current exercise encircles Taiwan on four sides … and is more obviously aimed at the United States, particularly the conventional missile test launches in the waters east of Taiwan. This arrangement helps prevent the U.S. military from intervening in the Taiwan Strait.

The most eye-catching part of this exercise, and likely its biggest deterrent effect, lies in the test launch of conventional missiles. Some missiles were fired east of Taiwan, and passed through Japan’s Air Defense Identification Zone (ADIZ), before landing in Japanese economic exclusion zone. Will this trigger a chain reaction in security cooperation between the U.S. and Japan? This will be the focus of attention in the next few days.

All six of the PLA’s military training zones fall within Taiwan’s ADIZ, while the areas off Keelung and Kaohsiung overlap with Taiwan’s territorial waters, meaning parts of them are less than 12 nautical miles (about 22 kilometers) off the Taiwanese coast, in a direct challenge to Taiwan’s sovereignty and in line with what the United Nations terms “national aggression.”

Research indicates the PLA’s naval and air forces will conduct long-range live ammunition shooting outside the Taiwan defense zone and will not risk approaching Taiwan’s territorial waters. The incursion into Taiwan’s territorial waters seems intended as a psychological deterrent to Taiwan. It’s not out of the question that small amounts of ordinance could find their way into Taiwan’s territorial waters, and if they do, this could present new issues for Taiwan around how to respond.

With the exercises taking place in Taiwan’s ADIZ, the median line of the Taiwan Strait disappears. The appearance of part of the exercise area in Taiwan’s territorial waters compresses the depth of Taiwan’s defense to its minimum range, posing fresh challenges to the island’s military.

Taiwan Air Force Mirage fighter jets taxi on a runway at an airbase in Hsinchu, Taiwan, Friday, Aug. 5, 2022. China says it summoned European diplomats in the country to protest statements issued by the Group of Seven nations and the European Union criticizing threatening Chinese military exercises surrounding Taiwan. Credit: AP
Taiwan Air Force Mirage fighter jets taxi on a runway at an airbase in Hsinchu, Taiwan, Friday, Aug. 5, 2022. China says it summoned European diplomats in the country to protest statements issued by the Group of Seven nations and the European Union criticizing threatening Chinese military exercises surrounding Taiwan. Credit: AP

PLA thinking and capabilities

In terms of sea and air force, the PLA’s H-6K bombers can mount Changjian-20 land-attack cruise missiles and Yingjing-12 supersonic anti-ship missiles. The role of unmanned aerial vehicles has also attracted attention as the traditional combat style of the PLA is seen to evolve.

During the three-day live-fire period, how were the PLA Navy and Air Force and the Rocket Force deployed? Did troops from other theaters take part in the exercises in batches? Were live rounds fired simultaneously in the six drill areas each day, or will they be divided into batches? All of these details can help to reveal the PLA’s military thinking and joint combat capabilities.

During the Taiwan Strait Crisis from 1995 to 1996, the PLA launched seven waves of military exercises spanning eight months, delineating a combat procedure for attacking Taiwan that was based on missile attacks and early sea and air operations to seize air, sea, and electromagnetic supremacy. The three stages of the joint landing operation were aimed at developing a missile blockade, followed by air and sea supremacy, and finally by an amphibious landing operation. The aim was to try out the PLA’s combat plan against Taiwan, so it could be revised, as well as to show that China has the capacity to win a local war in the era of high-tech military combat.

Back then, the PLA tested 10 DF-15 ballistic missiles outside China’s territorial waters for the first time, generating a series of calculations regarding the targeting of DF-15s, as well as the “Second Artillery Force Conventional Missile Assault Campaign” guidelines on the use of conventional firepower and conventional combat command procedures.

I believe that the current PLA exercises have the same aim. It has been nearly seven years since CCP leader Xi Jinping first launched his military reform programs encompassing leadership and command structures, reorganization of existing forces, as well as the addition of a large number of updated weapons and equipment. The current exercises could be described as a test of that reform program.

The PLA has been keen to develop its joint operations capabilities in recent years, bringing out new joint operations guidelines in November 2020, the fifth iteration of the PLA combat regulations.

In February 2021, the Central Military Commission issued a document titled “Decision on Building a New Military Training System”, focusing on training innovations and the standardization of training content. These are only the latest developments in a military reform program that has only just begun.

Now, the PLA will be looking to develop a new joint combat strategy during the live-fire period, a challenging task. This will be the best opportunity for the rest of the world to scrutinize and analyze its true combat capabilities in the wake of military reforms.

Inevitable confrontation

In the wake of the Russian invasion of Ukraine and the United States’ focus on competition with China, the CCP is bound to be reassessing all aspects of a potential military invasion of Taiwan. However, in the current international climate, countering the strategic containment by the U.S.-led maritime alliance is more pressing a task than a military invasion of Taiwan. That’s why these exercises are focused on deterrence and shaping favorable strategic positions, while at the same time preventing the situation from escalating. China isn’t yet at the stage where it is ready to use military force against Taiwan.

Most of the CCP leadership, including Xi Jinping, believe that confrontation with Western hostile forces is inevitable due to irreconcilable differences in their ideology and social systems, and that neither side will succeed in changing the other. So China prepares.

In his speeches for a domestic audience, Xi Jinping has repeatedly said that China is at a critical stage where it needs to develop from being a simply large nation to being a strong one, adding that such transitions are often high-risk periods for national security.

He has also warned that other powers, mostly the United States, are increasingly striving to contain China, creating large numbers of uncertainties in potential flashpoints around China, meaning that the likelihood of conflict on China’s doorstep has greatly increased.

Xi says China must be brave and not afraid to show its strength in the face of stronger powers, but should also pay attention to strategic needs, use both hard and soft tactics, and strive for unity, cooperation and mutually beneficial situations.

He has said that any method should be reasonable, beneficial and restrained, pay attention to the current state of the economy, manage and control risks, and strive for maximum benefits at the least cost.

So it may not be the case that the CCP will try to unify Taiwan by force at all costs, or that Xi Jinping is desperate to achieve this for his historical legacy. It would be better for China to temporarily let go of the idea of taking Taiwan by force, if such a move would delay or interrupt China’s rise as an international power.

So the CCP could well retreat … without the need for a full-scale showdown. While these exercises around Taiwan seem full of murderous intent, they are essentially a form of shock tactic, a psychological deterrent.  

Translated and edited by Luisetta Mudie.

Biden Tests Negative for COVID, White House Physician Says

President Joe Biden has tested negative for COVID-19 after testing positive with a breakthrough case for days, the White House physician said on Saturday.

The Democratic president will remain in isolation until he tests negative on a second test, Dr. Kevin O’Connor said in a letter.

Biden, 79, emerged from isolation on Wednesday after testing positive for COVID-19 for the first time on July 21. He tested positive again on July 30 in what O’Connor described as a “rebound” case seen in a small percentage of people who take the antiviral drug Paxlovid.

Source: Voice of America

Singapore Reported 4,798 New COVID-19 Cases

SINGAPORE, Singapore reported 4,798 new cases of COVID-19, yesterday, bringing the total tally to 1,759,575.

Of the newly recorded infections, 960 cases were detected through PCR (polymerase chain reaction) tests, and 3,838 through ART (antigen rapid test) tests, according to statistics released by the Ministry of Health.

Among the PCR cases, 912 were local transmissions and 48 were imported cases.

Among the ART cases, with mild symptoms and assessed to be of low risk, there were 3,713 local transmissions and 125 imported cases.

A total of 622 cases are currently warded in hospitals, with 24 in intensive care units.

Three new deaths were reported yesterday, bringing the total death toll to 1,539, the ministry said.

Source: Nam News Network

Philippines Logged 4,621 New COVID-19 Cases, 18 More Deaths

MANILA, The Philippines reported 4,621 new COVID-19 infections yesterday, bringing the number of confirmed cases in the country to 3,803,955.

The Department of Health (DOH) said, the number of active cases rose to 37,805, and 18 more patients died from COVID-19 complications, pushing the country’s death toll to 60,807.

The DOH has reported over 4,000 new infections for the fourth straight day.

The Philippines reported its highest COVID-19 single-day tally of 39,004 new cases on Jan 15.

The country, with a population of around 110 million, has fully vaccinated over 71.5 million people.

Source: Nam News Network