You are here: Home » 0 » » Archives for 0st

Intelligent Systems Announces Name Change to CoreCard

NORCROSS, Ga., Dec. 15, 2021 (GLOBE NEWSWIRE) — Intelligent Systems Corporation (NYSE: INS), the leading provider of innovative credit technology solutions and processing services to the financial technology and services market, announced today that it is changing its name to CoreCard Corporation.

The Company anticipates its common stock will begin trading using new ticker symbol "CCRD" at the commencement of trading on December 29, 2021, and that its common stock will continue to trade on the NYSE under the symbol "INS" until the closing of trading on December 28, 2021.

The Company's corporate structure will not be changing, nor will its financial reporting.

Leland Strange, CEO and Chairman, stated, "This change highlights our goal to grow our industry leading revolving credit platform as the primary business of the company. Intelligent Systems Corporation was one of the early public technology companies with its IPO in 1980 and over the years it has founded, invested, and grown many technology brands including Peachtree Software and Quadram Corporation. CoreCard was one of our investments and trading under our new name reflects the singular long–term focus to growing CoreCard and delivering value to shareholders."

About CoreCard Corporation

CoreCard Corporation is a pioneering card management platform built for the future of global transactions in a digital world. Dedicated to continual technological innovation in the ever–evolving payments industry backed by decades of deep expertise in credit card offerings, CoreCard helps customers conceptualize, implement, and manage all aspects of their issuing card programs. Keenly focused on steady, sustainable growth, CoreCard has earned the trust of some of the largest companies and financial institutions in the world, providing truly real–time transactions via their proven, reliable platform operating on private on–premise and leading cloud technology infrastructure.

Further information is available on the company's website at www.corecard.com or by calling the company at 770–381–2900.

Forward–Looking Statements

The forward–looking statements in this press release are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The Company's actual results could differ materially from those indicated by the forward–looking statements because of various risks and uncertainties including those listed in Item 1A of the Company's Annual Report on Form 10–K and in the Company's other filings and reports with the Securities and Exchange Commission. All of the risks and uncertainties are beyond the ability of the Company to control, and in many cases, the Company cannot predict the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward–looking statements. When used in this press release, the words "believes," "plans," "expects," "will," "intends," "continue," "outlook," "progressing," and "anticipates" and similar expressions as they relate to the Company or its management are intended to identify forward–looking statements. Except as required by law, the Company is not obligated to publicly release any revisions to these forward–looking statements to reflect the events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.


GLOBENEWSWIRE (Distribution ID 8411827)

Blue California Expands Natural Flavor and Fragrance Portfolio with Production of Clean, Natural, and Sustainable Nerolidol

Rancho Santa Margarita, Calif., Dec. 15, 2021 (GLOBE NEWSWIRE) — Blue California announced the expansion of its natural flavor and fragrance portfolio of captive ingredients by producing a clean, sustainable nerolidol.

Nerolidol is a rare sesquiterpene alcohol ubiquitous in nature and found in many flowers and plants, particularly in Seville orange flower, also known as Neroli, which gives the aroma chemical its name.

It is recognized for its floral, woody aroma and can also be described as a fresh scent, blending well with citrus, apple, or rose but light enough to complement any type of scent or flavor. Nerolidol is therefore ideal for use in many applications and known for its relaxing effects.

Many brands looking to make products at a large scale using nerolidol find it to be cost–prohibitive and, for that reason, it hasn't been widely used in modern–day product applications.

Yet, consumers seek clean–label fragrance products that are easy on the planet and fit into the clean and conscious fragrance and beauty movement. The Innova Beauty & Personal Care Survey 2020 notes that 51% of global consumers indicate that natural ingredients are very or extremely important to them when purchasing fragrances.

“Biotechnology is opening doors to sustainable ingredients that weren't previously possible,” said Kathy Oglesby, head of flavors and fragrances at Blue California. “Our collaboration with innovation partner Conagen provides efficient and effective commercialization, leading us to deliver to our client–creators a full range of captive ingredients, trademarked Plantarme, for use in our flavors and fragrances.”

Nerolidol is first in a full range of natural ingredients in the 2022 pipeline of Blue California's Taste, Smell, and Beauty Division. Conagen develops one of the most high–yielding fermentation platforms for producing sesquiterpenes and lactones.

With its functional advantages in many industries due to its moderate polarity and optical activity, nerolidol is also a useful, sustainable fine chemical intermediate.

“Nerolidol is a foundational material with many uses in many markets. Plantarme S is a sandalwood type material, and Plantarme M, which is a natural musk, are both creating a lot of excitement in the marketplace,” said Oglesby.

Until now, synthetic musk was primarily used in the fragrance industry because traditional musk sources were wild plants, too rare to be useful, or wild animals, like musk deer and civet cats, too endangered to be ethical. Conagen and Blue California have teamed together to develop a modern, one–of–a–kind, natural, domestic plant–derived musk that is safe, versatile, and biodegradable.

“The launch of nerolidol is symbolic of the collaboration between Blue California and Conagen as we advance in the markets we can serve,” said Casey Lippmeier, Ph.D. vice president of innovation at Conagen. “Together, we are revolutionizing the flavor and fragrance ingredient industry with our disruptive capabilities for producing clean, sustainable solutions and product applications.”

About Blue California

Blue California is an entrepreneurial, science–based solutions provider and manufacturer of clean, natural, and sustainable ingredients used in food, beverage, flavor, fragrance, dietary supplements, personal care, and cosmetic products. For more than 25 years, Blue California has built a strong reputation for creating value in these diverse natural products and nature–inspired industries. www.bluecal–ingredients.com

About Conagen

Conagen is a product–focused, synthetic biology R&D company with large–scale manufacturing affiliates. Our scientists and engineers use the latest synthetic biology tools to develop high–quality, sustainable, nature–based products by precision fermentation and enzymatic bioconversion. We focus on the bioproduction of high–value ingredients for food, nutrition, flavors and fragrances, pharmaceutical, and renewable materials industries. www.conagen.com

Attachments


GLOBENEWSWIRE (Distribution ID 8412058)