Uzbekinvest Acquires Risk and Capital Modelling Capabilities From Ultimate Risk Solutions Which Helped Them Attain Stable AM Best Rating

 

(BUSINESS WIRE) -- Ultimate Risk Solutions (“URS”) is proud to announce its important contribution into assisting Uzbekinvest Export-Import Insurance Company of Uzbekistan (“Uzbekinvest”) in attaining their stable AM Best credit rating. Through the development of advanced risk models of Uzbekinvest’s insurance and reinsurance lines of business, including catastrophe risk, URS has contributed significantly to this achievement.

AM Best, a global credit rating agency specializing in the insurance industry, has revised the outlook for Uzbekinvest from negative to stable. The Financial Strength Rating remains at B (Fair), and the Long-Term Issuer Credit Rating at “bb” (Fair). This positive shift reflects Uzbekinvest’s enhanced risk-adjusted capitalization, in part attributed to the sophisticated risk modelling and probable maximum loss estimation facilitated by URS.

URS’s expertise in risk analysis and modelling has been instrumental in this process, showcasing the company’s commitment to delivering tailored risk solutions that enhance the financial stability and performance of its clients.

“Our company, which is the largest insurance and reinsurance provider in Uzbekistan, has made significant advances in the international markets, and is striving to become a global player closely working with AM Best during the process. Risk and capital modelling capabilities offered by URS technologies allow us to keep an eye on the solvency and stability of our global risk portfolio as it continues to grow,” said Rustam Azimov, General Director of Uzbekinvest.

“We are delighted to have supported Uzbekinvest in their journey towards improved financial strength and stability,” said Alex Bushel, Founder and CEO at Ultimate Risk Solutions. “Our team’s dedication to developing sophisticated and comprehensive risk models underscores our mission to empower our clients with the tools necessary for effective risk management and sustainable growth.”

This collaboration marks a significant milestone for both Uzbekinvest and URS, highlighting the importance of innovative risk management strategies in the insurance sector. As URS continues to pioneer in risk modelling and analysis, it remains committed to helping its clients navigate the complexities of risk with confidence and precision.

About Uzbekinvest:

Uzbekinvest Export-Import Insurance Company JSC is a prominent insurance and reinsurance provider in Uzbekistan and globally. The company is committed to offering reliable and comprehensive insurance and reinsurance solutions to its clients, backed by leading modern technologies and a team of dedicated professionals. This company manages total assets valued at USD 164 million and maintains substantial reserves amounting more than USD 106 million, indicating strong financial stability and capacity to cover potential liabilities. Uzbekinvest boasts a robust global footprint, handling risks from 132 countries. It maintains strong partnerships with major reinsurance companies such as Munich Re, Swiss Re, Allianz, Zurich Insurance Company and collaborates with top-tier broking firms including AON, Willis, Marsh, Guy Carpenter, Howden and others to enhance its market reach and service capabilities.

About Ultimate Risk Solutions:

Ultimate Risk Solutions (URS) is a leading provider of risk modelling and analysis technologies and services, offering advanced solutions for insurance companies and financial institutions globally. With a focus on innovation and precision, URS delivers technologies that help clients enhance their risk management practices and achieve their strategic objectives.

Link to AM Best press release regarding revised Uzbekinvest rating outlook:

https://tinyurl.com/23pcdbck

 

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Contacts

Sasha Kuznetsov, URS Marketing and Communications Lead | akuznetsov@ultirisk.com

Boston Oncology and King Fahd Medical City (KFMC) Partner to Advance Localized Cell & Gene Therapy in Saudi Arabia

CAMBRIDGE, Mass. & RIYADH, Saudi Arabia - Wednesday, 31. July 2024

(BUSINESS WIRE)--In a landmark initiative poised to transform healthcare in the Kingdom of Saudi Arabia, Boston Oncology and King Fahd Medical City (KFMC) have signed a Letter of Intent to collaborate on the localization of Cell & Gene Therapy.

The signing ceremony, attended by His Excellency Eng. Abdulaziz AlRamaih, Deputy Minister of Health for Planning and Development, marks a significant step forward in advancing the Kingdom’s medical capabilities and achieving the ambitious goals set forth in Vision 2030.

A Milestone in Healthcare Transformation

Dr. Fahad Al-Ghofaili, KFMC CEO, expressed his enthusiasm: “Localizing Cell & Gene Therapy in KFMC is an important step to increase local capabilities in advanced treatments and medical technologies, contributing to the goals of the Healthcare Transformation Project.” [Translated from Arabic]

Impact for Patients

Boston Oncology, renowned for its customer-centered model, brings extensive expertise in localizing technology. Laser-focused on the real-world needs of patients and hospitals, Boston Oncology is positioned to provide cutting-edge technologies and Cell & Gene Therapies through this partnership. This collaboration will establish a local treatment option, relieving bottlenecks in therapy provision and improving patient outcomes. The resulting Research & Development and clinical trials will significantly contribute to innovative advancements in the healthcare sector of Saudi Arabia.

Dr. Abdullah Baaj, CEO of Boston Oncology, described the partnership: “KFMC brings world-class clinicians and infrastructure, making it a destination for patients throughout the region. Joining forces to localize Cell & Gene Therapy is a transformative step towards our mission to impact the lives of one billion patients.”

About Boston Oncology Cell & Gene Therapy

Boston Oncology is an innovative life science company with a mission to impact the lives of one billion patients by 2030. With corporate headquarters in Cambridge, Massachusetts, and operations throughout the world, the company is focused on bringing patient-centered solutions and advanced treatment modalities to growing markets. Its new Cell & Gene Therapy entity establishes a fully localized offering to deliver personalized treatments that address the unique genetic profiles of patients. By partnering with leading medical institutions and leveraging leading-edge technologies, Boston Oncology CGT is expanding the company’s legacy of transformative advancements in healthcare.

Learn more at https://bostononcology.com/.

About King Fahd Medical City

King Fahad Medical City (KFMC) in Riyadh, Saudi Arabia, stands as one of the largest and most rapidly expanding medical complexes in the Middle East, with a capacity of 1,200 beds. Operating within the second health cluster, KFMC consists of four hospitals and four specialized medical centers, offering comprehensive healthcare services. Known for its advanced medical technologies and high standard of care, KFMC serves over 30,000 inpatients and 500,000 outpatients annually. The institution is committed to excellence in clinical services, medical education, research, and continuous improvement in healthcare.

Learn more at https://www.kfmc.med.sa/.

 

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Contacts

Boston Oncology Public Relations:

bo_cgt@bostononcology.com

Zoom Showcases Innovative Customer Experience Solutions at CEM Africa 2024

 Cape Town, South Africa - Wednesday, 31. July 2024

Zoom hosted interactive workshops and a dedicated exhibition booth at the event, showcasing the latest AI tools for improving customer and agent interactions.

 

Zoom Video Communications, Inc. recently demonstrated its advanced customer engagement technologies at the Customer Experience Management (CEM) Africa Summit 2024. Held from July 30 to August 1, 2024, at the Century City Conference Centre in Cape Town, the summit served as a platform for discussing transformative customer experience strategies across a variety of industries.

Mohannad AlKalash, Managing Director for the Middle East, Turkey, Africa, and Pakistan (METAP) regions, said: “At Zoom, our commitment to the METAP region goes beyond delivering advanced communication technologies; it is about propelling regional growth and fostering local talent. We were excited to share our latest innovations and strategic insights at this year’s CEM Africa Summit. Our participation demonstrated our ongoing dedication to addressing the unique needs of businesses and communities within these regions, ensuring they are equipped with the essential tools and solutions to prosper in a digital-first era.”

The summit featured a lineup of Zoom experts including Mohannad AlKalash, Managing Director for METAP, Laura Ball, CX AI Lead for EMEA, Jacques Smith, Contact Center Specialist, and Ahmed Yousef, Solutions Engineer. These sessions focused on the integration of AI into customer experiences, offering in-depth discussions on personalized customer journey mapping and advanced communication strategies.

Zoom also featured a dedicated exhibition booth where summit attendees could interact with Zoom's experts and explore advanced solutions aimed at enhancing both customer and agent interactions through innovative AI and digital tools.

Zoom's engagement at the CEM Africa Summit underscores its commitment to fostering deep connections with customers and stakeholders across the Middle East, Turkey, Africa, and Pakistan (METAP) region. 

The CEM Africa Summit hosted over 600 participants, including CX professionals, industry leaders, and business executives, to discuss trends and strategies in customer experience management. This event also featured insightful discussions, expert-led workshops, and presentations from approximately 95 speakers.

 

About Zoom

Zoom’s mission is to provide one platform that delivers limitless human connection. Zoom Workplace — the company’s AI-powered, open collaboration platform built for modern work — will streamline communications, increase employee engagement, optimize in-person time, improve productivity, and offer customer choice with third-party apps and integrations. Zoom Workplace, powered by Zoom AI Companion, will include collaboration solutions like meetings, team chat, phone, scheduler, whiteboard, spaces, Workvivo, and more. Together with Zoom Workplace, Zoom’s Business Services for sales, marketing, and customer care teams, including Zoom Contact Center, strengthen customer relationships throughout the customer lifecycle. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Get more info at zoom.com.

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Contacts

Ribal Temraz

APCO

Email: rtemraz@apcoworldwide.com

Mobile: 00971552826792

Sonar Introduces SonarCloud Enterprise and Team Plans for Advanced Analysis of AI-assisted and Developer Written Code

  GENEVA & AUSTIN, Texas - Wednesday, 31. July 2024 AETOSWire

New SaaS plans provide comprehensive code quality and code security visibility for developers, software engineering managers, and business leaders

 

(BUSINESS WIRE)--Sonar, the leading Clean Code solution provider, has expanded its SonarCloud offering with the availability of two new plans, SonarCloud Enterprise and SonarCloud Team. SonarCloud, the company’s fully managed SaaS solution for improving the quality and security of human-developed and AI-assisted code at scale, is used by thousands of organizations to analyze proprietary and open source projects. With the new Enterprise and Team plans for SonarCloud, Sonar empowers development teams of all sizes to deliver Clean Code with confidence.

When code isn’t clean, it can cause business outages, security risks, and poor application performance. Sonar’s Clean Code solutions help developers catch bugs, quality concerns, and security flaws early in the development process, as code is being created. This allows them to find and resolve issues before they can make it through to production, improving developer productivity, software quality, and business performance.

“Our ROI in SonarCloud kicked in from the first month. We were able to gain a better understanding of the quality of our code and start rolling out suitable adjustments for the engineering team,” said Furkan Yavuz, QA lead for Recognyte, an AI-driven real estate intelligence company.

As organizations increasingly adopt AI assistants to write code and develop software, having scalable, flexible solutions, with high availability and built-in security has become a business imperative. The new SonarCloud plans ensure developer teams can leverage SonarCloud as their needs grow, to continuously reduce exposure to risk at all levels and sustain the performance of their software, growing business through systematic development and delivery.

“The adoption of AI coding assistants and the push for faster software development have increased code volume and raised reliability concerns. However, most code scanning tools are just adding to the growing list of issues that are potential threats to business, most of which are false positives. Developers need to be empowered to find issues early and be motivated to fix them with the tools they love and have confidence in. Development teams who use SonarCloud are able to pinpoint and remediate as early in the development process as possible,” said Fabrice Bellingard, VP of Product at Sonar.

Features Made for the Enterprise

SonarCloud Enterprise offers organization-wide portfolio management, new authentication and security features, executive reporting functionality, simplified administration, enterprise service-level agreements, and dedicated commercial support for all customers. Additionally, SonarCloud Enterprise is available on AWS Marketplace, ensuring simplified procurement and onboarding.

Centralizing Controls.

Managing multiple organizations in a DevOps environment can be difficult, causing a lack of visibility into the overall security of the company’s software and the needed actions to improve it on various levels. Specific features include: Enterprise hierarchy, portfolio creation, organization-wide configurable settings, project PDF reporting for technology leads and managers, and security standard reports for IT security teams.

Authentication and Security.

Organizations tend to use a combination of different tools in their DevOps toolkit to ensure code quality and security, on top of multiple linters to support the complexity that comes with leveraging a variety of languages. Managing organization and group membership to various solutions and ensuring they are synchronized can be a large administrative effort, and lead to security risks. Features that support this and ongoing security assurance include: Single Sign-On (SSO), synchronized access management, and more scalable token management.

Simplified Administration.

At onboarding, default settings can be prepared and applied to all projects with organization-wide project configuration. This relieves the tedious and slow task that large enterprises face of configuring a high number of projects, project by project. Automated project creation at scale also supports ease in standing up SonarCloud. It enables the auto-creation of projects in SonarCloud that were initially built in an enterprise DevOps platform. Additionally, enterprise billing means that billing can be done as a single entity while being applied to multiple organizations.

More about the SonarCloud Team Plan

Flexible plans to meet the needs of all organizations.

SonarCloud’s existing Private Repo plan has been replaced by SonarCloud Team and will continue to provide the reliable, SaaS solution that users trust and rely on today. At an affordable price, SonarCloud Team provides all the benefits of the SonarQube Community Edition plus additional features like branch analysis, pull request decoration, and injection flow detection. With the Team plan, developers can scan both public and private projects for actionable insights that enable consistent and efficient Clean Code delivery all in a simple, fast time-to-value SaaS model hosted by Sonar. Teams also have control to define the quality standard they want their codebase to follow.

As a company rooted in open source, the Free plan of SonarCloud will continue to be available and will evolve through the year.

SonarCloud on AWS Marketplace

SonarCloud is available on AWS Marketplace, a curated digital catalog of independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS). This enables seamless access to Sonar’s SaaS solution and acceleration of its deployment for AWS customers globally, whether on the Enterprise or Team plan. Hosted at AWS and replicated across multiple availability zones, data remains accessible in case of hardware failures or natural disasters. In addition, Sonar has joined the AWS Independent Software Vendor (ISV) Accelerate Program, which will help it to provide improved customer support and cloud cost management. Through its membership in the program, Sonar will increase the visibility of its services to AWS customers and partners. More information about SonarCloud on AWS Marketplace can be found here.

“When developers aren’t burdened by fixing issues downstream, they have more time for creativity, quicker release cycles, and advanced problem-solving, which all support a more positive developer experience and contribute to higher retention and lower recruitment costs,” added Bellingard.

Features described in this release will be made available throughout 2024. To learn more, visit our SonarCloud page, here.

About Sonar

Sonar's Clean Code solutions, SonarQube, SonarCloud, and SonarLint, help developers prevent code quality and security issues from ever reaching production. Sonar analyzes all code, regardless of who writes it—your internal team or genAI—resulting in more secure, reliable, and maintainable software. Rooted in the open source community, Sonar’s solutions support over 30 programming languages, frameworks, and infrastructure technologies. Today, Sonar is used by 7M+ developers and 400K organizations worldwide, including the DoD, Microsoft, NASA, MasterCard, Siemens, and T-Mobile.

To learn more about Sonar, please visit: https://www.sonarsource.com/products/all/

 

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Contacts

Media

Katie Hyman

Senior PR Manager for Sonar

(707) 291-1469

press@sonarsource.com

 

The Bahamas Introduces Transformative Digital Asset Legislation: The DARE Act 2024

 The Bahamas Leads with DARE Act 2024

(BUSINESS WIRE) -- The Securities Commission of The Bahamas (the Securities Commission) today announced the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024) has been passed into law by the Parliament of The Bahamas, in a pacesetting move that solidifies the country’s position as a leader in digital asset regulation. Building upon the foundation laid by the DARE Act, 2020, the legislation introduces comprehensive reforms designed to address the evolving landscape of digital assets and cryptocurrency markets.

“DARE 2024 represents a new standard in digital asset regulation and is a testament to our commitment to robust risk management,” said Christina Rolle, Executive Director of the Securities Commission. “We have created a framework that not only focuses on investor protection, but also encourages responsible innovation, positioning The Bahamas at the forefront of digital asset regulation globally.”

The Securities Commission took a proactive approach with DARE 2024, ensuring its alignment with current international best practices and the recommendations of standard-setting bodies, including the International Organization of Securities Commissions’ standards for regulators regarding crypto and digital assets and the Financial Action Task Force Recommendations. The new legislation is also the product of focused benchmarking of global legislative and regulatory advances, evolution of emerging risks, and extensive stakeholder and industry consultation.

Key highlights of DARE 2024 include:

1. Expanded Scope: The law now encompasses a wider range of digital asset activities, including advisory or management services, digital asset derivatives and staking services. The Securities Commission also has the flexibility to add additional activities as the space evolves.
2. Enhanced Digital Asset Exchange Requirements: Digital asset exchanges must adhere to increased investor and consumer protection requirements including stringent systems and controls requirements, which enhance the integrity and security of transactions.
3. Robust Custody Framework: New provisions bring custody of digital assets or custodial wallet services under DARE 2024 and enhance the protection of client interests by requiring accessibility of digital assets, among other provisions.
4. Staking Framework: DARE 2024 introduces a first-of-its-kind disclosure regime for staking digital assets belonging to clients or the operation or management of a staking pool as a business.
5. Comprehensive Stablecoin Framework: The Act provides a clear definition for stablecoins, provides for the registration of existing stablecoins, specifies acceptable forms of reserve assets and establishes new requirements for custody and management, segregation, reporting and redemption of reserve assets. The issuance of algorithmic stablecoins is expressly prohibited.
6. Digital Asset Issuers: Investor protection measures are enhanced by the inclusion of fit and proper standards for digital asset issuers, in addition to new disclosure and financial reporting requirements.

Among the other notable provisions of DARE 2024 are robust standards addressing conflicts of interest and connected third-party relations. The new legislation also addresses the categorization of non-fungible tokens as either financial or consumer assets, provides for liquidity and reporting requirements, prohibits privacy token issuance and introduces certain restrictions on proof-of-work mining.

The implementation of DARE 2024 is expected to maintain a competitive, robust and pragmatic regulatory framework for new fintech entrepreneurs and established digital asset businesses in The Bahamas, further strengthening the country’s position as a leading international financial centre. The new legislation represents a commitment to continue evolving the regulatory framework, offering enhanced protections for consumers and investors.

The Securities Industry Act 2024 was passed into law in The Bahamas simultaneously, with DARE 2024, updating the regulatory regime for the securities industry to ensure a robust and agile framework that remains compliant with global standards and international best practices.

For more information about DARE 2024 and its implications for the digital asset industry in The Bahamas, or the Securities Industry Act 2024, please visit: https://www.scb.gov.bs/.

Editor’s Information:

1. More information about the Digital Assets and Registered Exchanges Act, 2024 can be found on the Commission’s website (www.scb.gov.bs/dare-act-2024-information/).
2. The Securities Industry Act, 2024 can be found on the Commission’s website (www.scb.gov.bs/legislative-framework/acts-and-regulations/).
3. In addition to the SIA and DARE Act, the Commission administers the Investment Funds Act, 2019, the Financial and Corporate Service Providers Act, 2020 and the Carbon Credit Trading Act, 2022.

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Contacts

Shari Smith

Vice President, Burson

shari.smith@bursonglobal.com

SIAL Insights 2024 Unveils Key Trends Shaping the Future of Food and Announces Early Bird Ticket Prices Until July 31

  

Feeling: Despite economic challenges, consumers prioritize pleasure in their food choices. Over 52% of new products aim to deliver sensory enjoyment, especially in lower-income households where food serves as an affordable source of comfort and joy.

Connecting: The importance of collective dining experiences has grown, with a renewed focus on community building through food. Nearly 30% of respondents cite communal dining as a key reason for eating out, and traditional dishes and heritage ingredients are gaining popularity.

Caring: Health and sustainability are critical concerns. There is a growing demand for natural, minimally processed foods, with 74% of consumers expressing concern about the health implications of their diet. Interest in organic and fair-trade products is on the rise, although price remains a barrier for many. Personalized nutrition is also trending, with 65% of respondents willing to pay more for healthier products.

Special Report: Technological Innovations in Food

Technological advancements are transforming the food industry. E-commerce offers convenience and cost savings, with online food sales growing by 11% in France. Precision agriculture and vertical farming are addressing the challenges of resource management and environmental impact. The report also explores the potential of lab-grown proteins as sustainable alternatives to traditional farming.

To download the full report and to enjoy the early bird price ticket promotion available until July 31, visit Sial Paris Website.

About SIAL Paris
Organised by Comexposium, SIAL Paris is the largest food industry trade fair in the world with more than 7,500 exhibitors and 400,000 exhibited products. The event is part of the SIAL Network, the world’s largest network of food and drink trade fairs. Through eleven regular events, the network brings together 17,000 exhibitors and 700,000 professionals from over 200 countries. The next SIAL Paris will be held from 19 to 23 October 2024 at Paris Nord Villepinte. www.sialparis.com

 

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Press contact

Pamela Themonis: pamela.themonis@comexposium.com
Gladys Leroy: gladys.leroy@comexposium.com

Lineage Announces Pricing of Initial Public Offering

 (BUSINESS WIRE) -- Lineage, Inc. (the “Company”) today announced the pricing of its underwritten initial public offering of 56,882,051 shares of its common stock at the initial public offering price of $78.00 per share. In addition, the underwriters of the offering have been granted a 30-day option to purchase from the Company up to 8,532,307 additional shares of its common stock at the initial public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds received from the offering to repay borrowings outstanding under its delayed draw term loan, repay borrowings outstanding under its revolving credit facility, fund one-time cash grants to certain of its employees in connection with this offering and estimated cash to pay tax withholding obligations associated with stock grants and redeem its Series A preferred stock. Following such uses, the Company expects to use the remaining net proceeds for general corporate purposes, which may include the repayment of additional borrowings outstanding under its revolving credit facility.

The Company’s common stock is expected to begin trading on the Nasdaq Global Select Market on July 25, 2024, under the ticker symbol “LINE.” The offering is expected to close on July 26, 2024, subject to customary closing conditions.

Morgan Stanley, Goldman Sachs & Co. LLC, BofA Securities, J.P. Morgan and Wells Fargo Securities are acting as joint lead book-running managers for the proposed offering. RBC Capital Markets, LLC, Rabo Securities USA, Inc., Scotia Capital (USA) Inc., UBS Securities LLC, Capital One Securities, Inc., Truist Securities, Inc., Evercore ISI, Robert W. Baird & Co. Incorporated, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC, PNC Capital Markets LLC, Deutsche Bank Securities Inc., CBRE Capital Advisors, Inc., HSBC Securities (USA) Inc., Piper Sandler & Co. and Regions Securities LLC are acting as joint book-running managers for the proposed offering. Blaylock Van, LLC, Cabrera Capital Markets LLC, C.L. King & Associates, Inc., Drexel Hamilton, LLC, Guzman & Company, Loop Capital Markets LLC, Roberts & Ryan Investments, Inc. and R. Seelaus & Co., LLC are acting as co-managers.

The offering is being made only by means of a prospectus. Copies of the final prospectus related to this offering, when available, may be obtained from Morgan Stanley, Prospectus Department, 180 Varick Street, New York, New York 10014, or email: prospectus@morganstanley.com; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316, or email: prospectus-ny@ny.email.gs.com; BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, email: dg.prospectus_requests@bofa.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; and Wells Fargo Securities, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, at 800-645-3751 (option #5) or email a request to WFScustomerservice@wellsfargo.com.

About Lineage

Lineage, Inc. is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.

Important Information

A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission (the “SEC”) on July 24, 2024. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

Certain statements contained in this press release, including statements relating to Lineage’s expectations regarding the completion and timing of its proposed public offering and listing, may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Lineage intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by Lineage’s use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “seek,” “objective,” “goal,” “strategy,” “plan,” “focus,” “priority,” “should,” “could,” “potential,” “possible,” “look forward,” “optimistic,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of Lineage’s performance in future periods. Except as required by law, Lineage does not undertake any obligation to update or revise any forward-looking statements contained in this release.

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Contacts

Investor Relations Contact

Evan Barbosa

VP, Investor Relations

ir@onelineage.com

Media Contact

Megan Hendricksen

VP, Global Marketing & Communications

pr@onelineage.com