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HOUSTON, May 11, 2017 (GLOBE NEWSWIRE) -- Synthesis Energy Systems, Inc. (SES) (NASDAQ:SYMX), a global leader in clean and efficient production of low-cost synthesis gas for high value energy and chemical markets, today reported financial results for its fiscal 2017 third quarter ended March 31, 2017. “During the third quarter of our fiscal year 2017, our business activities in Australia have been SES’s area of intense focus and we are now seeing these efforts accelerate. As we announced this morning, we are very excited to have entered into a definitive Technology License Agreement with Australian Future Energy Pty Ltd (AFE). SES owns approximately 40% of AFE, and through AFE, SES expects to also indirectly own an interest in the individual projects. All AFE projects will use Australia’s resources in a responsible manner, and AFE has identified several project opportunities and is expected to initially carry two projects forward into development, design and construction. The scale of these projects is quite large, each on the order of $2 billion total installed cost. The initial two projects combined have the potential to generate approximately $300 million in orders for technology licensing and equipment sales to SES,” said DeLome Fair, SES’s President and CEO. “AFE has also continued to execute on its plan to acquire additional ownership position in coal resources, such as the recently announced 270 million ton Pentland resource acquisition. Additionally, the owners of AFE created Batchfire Resources which acquired ownership of the producing Callide Mine in October 2016. These resources, along with local renewable resources, will be used in combination to fuel the AFE projects. All projects will use our clean energy technology exclusively. “This top line licensing and equipment revenue, along with future AFE equity project dividends and dividends from both AFE’s and Batchfire’s coal resources from our first global platform, and the development of additional similar platforms in other regions of the world has been, and will continue to be, our focus,” added Ms. Fair. “As we diversify our business we recognize our history in China, which has been a market that has allowed us to successfully commercialize our proprietary clean energy technology with 12 systems. In the future, our focus inside China is to make the business self-sufficient and self-funding, and to generate positive cash flow from our assets. This strategic shift of focus has allowed us to appropriately streamline our costs while retaining our core technology capabilities. This has resulted in a reduction of our company cash expenses from about $8.9 million at the beginning of this fiscal year to a projection of about $6.4 million over the next 12 months. “While Australia will be our area of intense focus over the next 12 months, we are pursuing the successful AFE model of developing platforms in additional regions of the world that have abundant coal and limited access to affordable natural gas. Opportunities for financially impactful project platforms exist in Eastern Europe, South America and the Caribbean, and we continue the process of moving these forward. Globally, we have a project pipeline with current prospective project opportunities that could exceed $20 billion in total project facilities cost. Along with Australia we continue to pursue other nearer term opportunities in South America, India, the Caribbean and Southeast Asia,” concluded Ms. Fair. AFE Technology License Agreement for Project in Australia: In May 2017, SES entered into a definitive Technology License Agreement with AFE for a large-scale project in Australia. Based on the terms of the agreement, SES will receive fees based on the licensed capacity for the project, and for the Process Design Package (PDP), totaling $27 million. It is expected that the project will purchase proprietary equipment from SES which, based on the license capacity of the project, could be valued at approximately $120 million and would be contracted soon after completion of the PDP, which is expected to start later this year and take about six months to complete. Fees are to be paid at agreed milestones across the development, design, construction, start-up and operations of the project. The entire package of technology, services and equipment is expected to provide SES with top line revenue of approximately $150 million with attractive gross profit margins. This Technology License Agreement kicks off AFE’s first project, which is expected to be the first of several AFE projects developed for industrial-scale poly-generation facilities that produce low-cost syngas, ammonia for nitrogen fertilizer and ammonium nitrate products, as well as synthetic natural gas and electric power. AFE has identified several project opportunities, and is expected to carry two of these projects forward into development, design and construction, subject to obtaining all necessary Government approvals and funding. Pentland Resource Acquisition: In April 2017, Great Northern Energy Pty Ltd, a wholly owned subsidiary of AFE, acquired a 270 million ton JORC compliant coal resource lease near Pentland, Queensland. The acquired mine development lease, MDL361, has existing rail access to Townsville, QLD. Under the terms of the definitive agreement for acquiring the mine development lease AFE has completed its first of two payments and is scheduled to complete the final payment within six months. The Pentland resource is located in the northern part of the Galilee Basin which contains large quantities of Permian thermal coal. The Pentland resource has been well proven through significant bore hole evaluation work completed initially by Shell Oil Company in the 1970s and several subsequent analyses since that time. Callide Mine Operations: The AFE spin-off resource company, Batchfire Resources Pty Ltd., in which SES holds an 11.4% ownership position, continues to improve efficiencies at the Callide Mine which it acquired with uninterrupted operations in October 2016. Financial results at the mine are ahead of the original plan. The Callide Mine is a mature and significantly sized coal producer with substantial recoverable thermal coal reserves, according to Batchfire. The Callide Mine has been a major economic and employment driver for the town of Biloela and central Queensland for more than 70 years, supplemented by the commissioning of the nearby Callide Power Station in 1965. The Callide B and C power stations are leading customers for the mine’s output under long-term supply contracts, essential for major power generation facilities with a combined capacity of 1,510 megawatts. The Company has implemented significant cost reductions in China and has challenged its China team with the goals of becoming self-sufficient and self-funding with capital raised locally in China, and on generating positive cash flow from its existing assets including the Yima and Tianwo-SES joint ventures. The Company is currently evaluating all SES activities in China through this process. The Company reported revenues of $22,000 for the three months ended March 31, 2017 (the “Current Quarter”).  During the three months ended March 31, 2016 (the “Comparable Quarter”) total revenues were $51,000, which resulted from engineering feasibility studies and coal testing services for a customer. The Company reported $20,000 costs of sales during the Current Quarter, which related to the costs incurred for engineering studies for a customer. There was no cost of sales in the Comparable Quarter. The Company's operating loss from continuing operations for the Current Quarter was $2.7 million versus an operating loss of $2.8 million for the Comparable Quarter. The decrease in operating loss was primarily due to a reduction in general administrative expenses during the Current Quarter. The net loss attributable to stockholders for the third quarter of fiscal 2017 was approximately $2.7 million during the Current Quarter versus a loss of $3.0 million for the Comparable Quarter. As of March 31, 2017, the Company had cash and cash equivalents of $7.0 million and working capital of $5.7 million. SES’s President and CEO DeLome Fair and CAO Scott Davis will report on financial results and provide a business update beginning at 4:15 p.m. ET on May 11. To access the live conference call webcast, please log on to http://services.choruscall.com/links/symx170511.html, or the Investor Center of the corporate website: http://ir.synthesisenergy.com/index.cfm. Alternatively, interested parties may participate in SES’s conference call by phoning (877) 508-9602 (U.S.) or (412) 317-5113 (Int’l). Callers should request the “Synthesis Energy Systems, Inc. call.” An archived version of the SES conference call webcast will be available, beginning approximately one hour after its completion, through June 10, 2017. Interested parties can access the telephonic replay on the Investor Center of the company’s website, or by phoning (877) 344-7529 (U.S.) or (412) 317-0088 (Int’l). The PIN access code for both the live call and replay is: 10105582. Synthesis Energy Systems (SES) is a Houston-based technology company focused on generating clean, high-value energy from low-cost and low-grade coal, biomass and municipal solid waste through its proprietary technology for conversion of these resources into a clean synthesis gas (syngas) and methane. SES’s proprietary technology enables the production of clean, low-cost power, industrial fuel gas, chemicals, fertilizers, transportation fuels, and substitute natural gas, replacing expensive natural gas-based energy. SES’s technology can also produce high-purity hydrogen for cleaner transportation fuels. SES enables greater fuel flexibility for both large-scale and efficient small- to medium-scale operations close to fuel sources. Fuel sources include low-rank, low-cost high ash, high moisture coals, which are significantly cheaper than higher grade coals, waste coals, biomass, and municipal solid waste feedstocks. SES: Growth With Blue Skies. For more information, please visit: www.synthesisenergy.com. This press release includes "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. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are the ability of our project with Yima to produce earnings and pay dividends; our ability to develop and expand business of the TSEC joint venture in the joint venture territory; our ability to develop our power business unit and our other business verticals, including DRI steel, through our marketing arrangement with Midrex Technologies, and renewables; our ability to successfully develop the SES licensing business; the ability of the ZZ Joint Venture to retire existing facilities and equipment and build another SGT facility; the ability of Batchfire and AFE management to successfully grow and develop their Australian assets and operations, including Callide and Pentland; the economic conditions of countries where we are operating; events or circumstances which result in an impairment of our assets; our ability to reduce operating costs; our ability to make distributions and repatriate earnings from our Chinese operations; our ability to successfully commercialize our technology at a larger scale and higher pressures; commodity prices, including in particular natural gas, crude oil, methanol and power, the availability and terms of financing; our customers’ and/or our ability to obtain the necessary approvals and permits for future projects, our ability to raise additional capital, if any, our ability to estimate the sufficiency of existing capital resources; the sufficiency of internal controls and procedures; and our results of operations in countries outside of the U.S., where we are continuing to pursue and develop projects. Although SES believes that in making such forward-looking statements our expectations are based upon reasonable assumptions, such statements may be influenced by factors that could cause actual outcomes and results to be materially different from those projected by us. SES cannot assure you that the assumptions upon which these statements are based will prove to have been correct.


HOUSTON, May 11, 2017 (GLOBE NEWSWIRE) -- Synthesis Energy Systems, Inc. (SES) (NASDAQ:SYMX), a global leader in clean and efficient production of low-cost synthesis gas for high value energy and chemical markets, today reported financial results for its fiscal 2017 third quarter ended March 31, 2017. “During the third quarter of our fiscal year 2017, our business activities in Australia have been SES’s area of intense focus and we are now seeing these efforts accelerate. As we announced this morning, we are very excited to have entered into a definitive Technology License Agreement with Australian Future Energy Pty Ltd (AFE). SES owns approximately 40% of AFE, and through AFE, SES expects to also indirectly own an interest in the individual projects. All AFE projects will use Australia’s resources in a responsible manner, and AFE has identified several project opportunities and is expected to initially carry two projects forward into development, design and construction. The scale of these projects is quite large, each on the order of $2 billion total installed cost. The initial two projects combined have the potential to generate approximately $300 million in orders for technology licensing and equipment sales to SES,” said DeLome Fair, SES’s President and CEO. “AFE has also continued to execute on its plan to acquire additional ownership position in coal resources, such as the recently announced 270 million ton Pentland resource acquisition. Additionally, the owners of AFE created Batchfire Resources which acquired ownership of the producing Callide Mine in October 2016. These resources, along with local renewable resources, will be used in combination to fuel the AFE projects. All projects will use our clean energy technology exclusively. “This top line licensing and equipment revenue, along with future AFE equity project dividends and dividends from both AFE’s and Batchfire’s coal resources from our first global platform, and the development of additional similar platforms in other regions of the world has been, and will continue to be, our focus,” added Ms. Fair. “As we diversify our business we recognize our history in China, which has been a market that has allowed us to successfully commercialize our proprietary clean energy technology with 12 systems. In the future, our focus inside China is to make the business self-sufficient and self-funding, and to generate positive cash flow from our assets. This strategic shift of focus has allowed us to appropriately streamline our costs while retaining our core technology capabilities. This has resulted in a reduction of our company cash expenses from about $8.9 million at the beginning of this fiscal year to a projection of about $6.4 million over the next 12 months. “While Australia will be our area of intense focus over the next 12 months, we are pursuing the successful AFE model of developing platforms in additional regions of the world that have abundant coal and limited access to affordable natural gas. Opportunities for financially impactful project platforms exist in Eastern Europe, South America and the Caribbean, and we continue the process of moving these forward. Globally, we have a project pipeline with current prospective project opportunities that could exceed $20 billion in total project facilities cost. Along with Australia we continue to pursue other nearer term opportunities in South America, India, the Caribbean and Southeast Asia,” concluded Ms. Fair. AFE Technology License Agreement for Project in Australia: In May 2017, SES entered into a definitive Technology License Agreement with AFE for a large-scale project in Australia. Based on the terms of the agreement, SES will receive fees based on the licensed capacity for the project, and for the Process Design Package (PDP), totaling $27 million. It is expected that the project will purchase proprietary equipment from SES which, based on the license capacity of the project, could be valued at approximately $120 million and would be contracted soon after completion of the PDP, which is expected to start later this year and take about six months to complete. Fees are to be paid at agreed milestones across the development, design, construction, start-up and operations of the project. The entire package of technology, services and equipment is expected to provide SES with top line revenue of approximately $150 million with attractive gross profit margins. This Technology License Agreement kicks off AFE’s first project, which is expected to be the first of several AFE projects developed for industrial-scale poly-generation facilities that produce low-cost syngas, ammonia for nitrogen fertilizer and ammonium nitrate products, as well as synthetic natural gas and electric power. AFE has identified several project opportunities, and is expected to carry two of these projects forward into development, design and construction, subject to obtaining all necessary Government approvals and funding. Pentland Resource Acquisition: In April 2017, Great Northern Energy Pty Ltd, a wholly owned subsidiary of AFE, acquired a 270 million ton JORC compliant coal resource lease near Pentland, Queensland. The acquired mine development lease, MDL361, has existing rail access to Townsville, QLD. Under the terms of the definitive agreement for acquiring the mine development lease AFE has completed its first of two payments and is scheduled to complete the final payment within six months. The Pentland resource is located in the northern part of the Galilee Basin which contains large quantities of Permian thermal coal. The Pentland resource has been well proven through significant bore hole evaluation work completed initially by Shell Oil Company in the 1970s and several subsequent analyses since that time. Callide Mine Operations: The AFE spin-off resource company, Batchfire Resources Pty Ltd., in which SES holds an 11.4% ownership position, continues to improve efficiencies at the Callide Mine which it acquired with uninterrupted operations in October 2016. Financial results at the mine are ahead of the original plan. The Callide Mine is a mature and significantly sized coal producer with substantial recoverable thermal coal reserves, according to Batchfire. The Callide Mine has been a major economic and employment driver for the town of Biloela and central Queensland for more than 70 years, supplemented by the commissioning of the nearby Callide Power Station in 1965. The Callide B and C power stations are leading customers for the mine’s output under long-term supply contracts, essential for major power generation facilities with a combined capacity of 1,510 megawatts. The Company has implemented significant cost reductions in China and has challenged its China team with the goals of becoming self-sufficient and self-funding with capital raised locally in China, and on generating positive cash flow from its existing assets including the Yima and Tianwo-SES joint ventures. The Company is currently evaluating all SES activities in China through this process. The Company reported revenues of $22,000 for the three months ended March 31, 2017 (the “Current Quarter”).  During the three months ended March 31, 2016 (the “Comparable Quarter”) total revenues were $51,000, which resulted from engineering feasibility studies and coal testing services for a customer. The Company reported $20,000 costs of sales during the Current Quarter, which related to the costs incurred for engineering studies for a customer. There was no cost of sales in the Comparable Quarter. The Company's operating loss from continuing operations for the Current Quarter was $2.7 million versus an operating loss of $2.8 million for the Comparable Quarter. The decrease in operating loss was primarily due to a reduction in general administrative expenses during the Current Quarter. The net loss attributable to stockholders for the third quarter of fiscal 2017 was approximately $2.7 million during the Current Quarter versus a loss of $3.0 million for the Comparable Quarter. As of March 31, 2017, the Company had cash and cash equivalents of $7.0 million and working capital of $5.7 million. SES’s President and CEO DeLome Fair and CAO Scott Davis will report on financial results and provide a business update beginning at 4:15 p.m. ET on May 11. To access the live conference call webcast, please log on to http://services.choruscall.com/links/symx170511.html, or the Investor Center of the corporate website: http://ir.synthesisenergy.com/index.cfm. Alternatively, interested parties may participate in SES’s conference call by phoning (877) 508-9602 (U.S.) or (412) 317-5113 (Int’l). Callers should request the “Synthesis Energy Systems, Inc. call.” An archived version of the SES conference call webcast will be available, beginning approximately one hour after its completion, through June 10, 2017. Interested parties can access the telephonic replay on the Investor Center of the company’s website, or by phoning (877) 344-7529 (U.S.) or (412) 317-0088 (Int’l). The PIN access code for both the live call and replay is: 10105582. Synthesis Energy Systems (SES) is a Houston-based technology company focused on generating clean, high-value energy from low-cost and low-grade coal, biomass and municipal solid waste through its proprietary technology for conversion of these resources into a clean synthesis gas (syngas) and methane. SES’s proprietary technology enables the production of clean, low-cost power, industrial fuel gas, chemicals, fertilizers, transportation fuels, and substitute natural gas, replacing expensive natural gas-based energy. SES’s technology can also produce high-purity hydrogen for cleaner transportation fuels. SES enables greater fuel flexibility for both large-scale and efficient small- to medium-scale operations close to fuel sources. Fuel sources include low-rank, low-cost high ash, high moisture coals, which are significantly cheaper than higher grade coals, waste coals, biomass, and municipal solid waste feedstocks. SES: Growth With Blue Skies. For more information, please visit: www.synthesisenergy.com. This press release includes "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. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are the ability of our project with Yima to produce earnings and pay dividends; our ability to develop and expand business of the TSEC joint venture in the joint venture territory; our ability to develop our power business unit and our other business verticals, including DRI steel, through our marketing arrangement with Midrex Technologies, and renewables; our ability to successfully develop the SES licensing business; the ability of the ZZ Joint Venture to retire existing facilities and equipment and build another SGT facility; the ability of Batchfire and AFE management to successfully grow and develop their Australian assets and operations, including Callide and Pentland; the economic conditions of countries where we are operating; events or circumstances which result in an impairment of our assets; our ability to reduce operating costs; our ability to make distributions and repatriate earnings from our Chinese operations; our ability to successfully commercialize our technology at a larger scale and higher pressures; commodity prices, including in particular natural gas, crude oil, methanol and power, the availability and terms of financing; our customers’ and/or our ability to obtain the necessary approvals and permits for future projects, our ability to raise additional capital, if any, our ability to estimate the sufficiency of existing capital resources; the sufficiency of internal controls and procedures; and our results of operations in countries outside of the U.S., where we are continuing to pursue and develop projects. Although SES believes that in making such forward-looking statements our expectations are based upon reasonable assumptions, such statements may be influenced by factors that could cause actual outcomes and results to be materially different from those projected by us. SES cannot assure you that the assumptions upon which these statements are based will prove to have been correct.


HOUSTON, May 11, 2017 (GLOBE NEWSWIRE) -- Synthesis Energy Systems, Inc. (SES) (NASDAQ:SYMX), a global leader in clean and efficient production of low-cost synthesis gas for high value energy and chemical markets, today reported financial results for its fiscal 2017 third quarter ended March 31, 2017. “During the third quarter of our fiscal year 2017, our business activities in Australia have been SES’s area of intense focus and we are now seeing these efforts accelerate. As we announced this morning, we are very excited to have entered into a definitive Technology License Agreement with Australian Future Energy Pty Ltd (AFE). SES owns approximately 40% of AFE, and through AFE, SES expects to also indirectly own an interest in the individual projects. All AFE projects will use Australia’s resources in a responsible manner, and AFE has identified several project opportunities and is expected to initially carry two projects forward into development, design and construction. The scale of these projects is quite large, each on the order of $2 billion total installed cost. The initial two projects combined have the potential to generate approximately $300 million in orders for technology licensing and equipment sales to SES,” said DeLome Fair, SES’s President and CEO. “AFE has also continued to execute on its plan to acquire additional ownership position in coal resources, such as the recently announced 270 million ton Pentland resource acquisition. Additionally, the owners of AFE created Batchfire Resources which acquired ownership of the producing Callide Mine in October 2016. These resources, along with local renewable resources, will be used in combination to fuel the AFE projects. All projects will use our clean energy technology exclusively. “This top line licensing and equipment revenue, along with future AFE equity project dividends and dividends from both AFE’s and Batchfire’s coal resources from our first global platform, and the development of additional similar platforms in other regions of the world has been, and will continue to be, our focus,” added Ms. Fair. “As we diversify our business we recognize our history in China, which has been a market that has allowed us to successfully commercialize our proprietary clean energy technology with 12 systems. In the future, our focus inside China is to make the business self-sufficient and self-funding, and to generate positive cash flow from our assets. This strategic shift of focus has allowed us to appropriately streamline our costs while retaining our core technology capabilities. This has resulted in a reduction of our company cash expenses from about $8.9 million at the beginning of this fiscal year to a projection of about $6.4 million over the next 12 months. “While Australia will be our area of intense focus over the next 12 months, we are pursuing the successful AFE model of developing platforms in additional regions of the world that have abundant coal and limited access to affordable natural gas. Opportunities for financially impactful project platforms exist in Eastern Europe, South America and the Caribbean, and we continue the process of moving these forward. Globally, we have a project pipeline with current prospective project opportunities that could exceed $20 billion in total project facilities cost. Along with Australia we continue to pursue other nearer term opportunities in South America, India, the Caribbean and Southeast Asia,” concluded Ms. Fair. AFE Technology License Agreement for Project in Australia: In May 2017, SES entered into a definitive Technology License Agreement with AFE for a large-scale project in Australia. Based on the terms of the agreement, SES will receive fees based on the licensed capacity for the project, and for the Process Design Package (PDP), totaling $27 million. It is expected that the project will purchase proprietary equipment from SES which, based on the license capacity of the project, could be valued at approximately $120 million and would be contracted soon after completion of the PDP, which is expected to start later this year and take about six months to complete. Fees are to be paid at agreed milestones across the development, design, construction, start-up and operations of the project. The entire package of technology, services and equipment is expected to provide SES with top line revenue of approximately $150 million with attractive gross profit margins. This Technology License Agreement kicks off AFE’s first project, which is expected to be the first of several AFE projects developed for industrial-scale poly-generation facilities that produce low-cost syngas, ammonia for nitrogen fertilizer and ammonium nitrate products, as well as synthetic natural gas and electric power. AFE has identified several project opportunities, and is expected to carry two of these projects forward into development, design and construction, subject to obtaining all necessary Government approvals and funding. Pentland Resource Acquisition: In April 2017, Great Northern Energy Pty Ltd, a wholly owned subsidiary of AFE, acquired a 270 million ton JORC compliant coal resource lease near Pentland, Queensland. The acquired mine development lease, MDL361, has existing rail access to Townsville, QLD. Under the terms of the definitive agreement for acquiring the mine development lease AFE has completed its first of two payments and is scheduled to complete the final payment within six months. The Pentland resource is located in the northern part of the Galilee Basin which contains large quantities of Permian thermal coal. The Pentland resource has been well proven through significant bore hole evaluation work completed initially by Shell Oil Company in the 1970s and several subsequent analyses since that time. Callide Mine Operations: The AFE spin-off resource company, Batchfire Resources Pty Ltd., in which SES holds an 11.4% ownership position, continues to improve efficiencies at the Callide Mine which it acquired with uninterrupted operations in October 2016. Financial results at the mine are ahead of the original plan. The Callide Mine is a mature and significantly sized coal producer with substantial recoverable thermal coal reserves, according to Batchfire. The Callide Mine has been a major economic and employment driver for the town of Biloela and central Queensland for more than 70 years, supplemented by the commissioning of the nearby Callide Power Station in 1965. The Callide B and C power stations are leading customers for the mine’s output under long-term supply contracts, essential for major power generation facilities with a combined capacity of 1,510 megawatts. The Company has implemented significant cost reductions in China and has challenged its China team with the goals of becoming self-sufficient and self-funding with capital raised locally in China, and on generating positive cash flow from its existing assets including the Yima and Tianwo-SES joint ventures. The Company is currently evaluating all SES activities in China through this process. The Company reported revenues of $22,000 for the three months ended March 31, 2017 (the “Current Quarter”).  During the three months ended March 31, 2016 (the “Comparable Quarter”) total revenues were $51,000, which resulted from engineering feasibility studies and coal testing services for a customer. The Company reported $20,000 costs of sales during the Current Quarter, which related to the costs incurred for engineering studies for a customer. There was no cost of sales in the Comparable Quarter. The Company's operating loss from continuing operations for the Current Quarter was $2.7 million versus an operating loss of $2.8 million for the Comparable Quarter. The decrease in operating loss was primarily due to a reduction in general administrative expenses during the Current Quarter. The net loss attributable to stockholders for the third quarter of fiscal 2017 was approximately $2.7 million during the Current Quarter versus a loss of $3.0 million for the Comparable Quarter. As of March 31, 2017, the Company had cash and cash equivalents of $7.0 million and working capital of $5.7 million. SES’s President and CEO DeLome Fair and CAO Scott Davis will report on financial results and provide a business update beginning at 4:15 p.m. ET on May 11. To access the live conference call webcast, please log on to http://services.choruscall.com/links/symx170511.html, or the Investor Center of the corporate website: http://ir.synthesisenergy.com/index.cfm. Alternatively, interested parties may participate in SES’s conference call by phoning (877) 508-9602 (U.S.) or (412) 317-5113 (Int’l). Callers should request the “Synthesis Energy Systems, Inc. call.” An archived version of the SES conference call webcast will be available, beginning approximately one hour after its completion, through June 10, 2017. Interested parties can access the telephonic replay on the Investor Center of the company’s website, or by phoning (877) 344-7529 (U.S.) or (412) 317-0088 (Int’l). The PIN access code for both the live call and replay is: 10105582. Synthesis Energy Systems (SES) is a Houston-based technology company focused on generating clean, high-value energy from low-cost and low-grade coal, biomass and municipal solid waste through its proprietary technology for conversion of these resources into a clean synthesis gas (syngas) and methane. SES’s proprietary technology enables the production of clean, low-cost power, industrial fuel gas, chemicals, fertilizers, transportation fuels, and substitute natural gas, replacing expensive natural gas-based energy. SES’s technology can also produce high-purity hydrogen for cleaner transportation fuels. SES enables greater fuel flexibility for both large-scale and efficient small- to medium-scale operations close to fuel sources. Fuel sources include low-rank, low-cost high ash, high moisture coals, which are significantly cheaper than higher grade coals, waste coals, biomass, and municipal solid waste feedstocks. SES: Growth With Blue Skies. For more information, please visit: www.synthesisenergy.com. This press release includes "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. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are the ability of our project with Yima to produce earnings and pay dividends; our ability to develop and expand business of the TSEC joint venture in the joint venture territory; our ability to develop our power business unit and our other business verticals, including DRI steel, through our marketing arrangement with Midrex Technologies, and renewables; our ability to successfully develop the SES licensing business; the ability of the ZZ Joint Venture to retire existing facilities and equipment and build another SGT facility; the ability of Batchfire and AFE management to successfully grow and develop their Australian assets and operations, including Callide and Pentland; the economic conditions of countries where we are operating; events or circumstances which result in an impairment of our assets; our ability to reduce operating costs; our ability to make distributions and repatriate earnings from our Chinese operations; our ability to successfully commercialize our technology at a larger scale and higher pressures; commodity prices, including in particular natural gas, crude oil, methanol and power, the availability and terms of financing; our customers’ and/or our ability to obtain the necessary approvals and permits for future projects, our ability to raise additional capital, if any, our ability to estimate the sufficiency of existing capital resources; the sufficiency of internal controls and procedures; and our results of operations in countries outside of the U.S., where we are continuing to pursue and develop projects. Although SES believes that in making such forward-looking statements our expectations are based upon reasonable assumptions, such statements may be influenced by factors that could cause actual outcomes and results to be materially different from those projected by us. SES cannot assure you that the assumptions upon which these statements are based will prove to have been correct.


CAMP HILL, Pa., May 10, 2017 (GLOBE NEWSWIRE) -- Global industrial company Harsco Corporation (NYSE:HSC) and Tosyali Holding, Turkey's leading flat steel and steel pipe producer, announced today an exclusive joint venture relationship for metal recovery services and slag sales at the Toscelik Osmaniye Flat Steel Production Plant, one of the steelmaking facilities owned and operated by Tosyalı and the first flat steel production facility built from the ground up by the Turkish private sector. The agreement with Tosyali marks Harsco’s first entry into Turkey’s steelmaking sector and supports the Toscelik plant’s objectives to be the first mill in Turkey to establish a world class solution for metal recovery and aggregate sales. Turkey ranks as the second largest steel maker in Europe after Germany, producing more than 50 million tons of steel per year. Fuat Tosyali, Chairman of the Board of Tosyali Holding, said, "Since slag disposal is one of the main challenges of the Turkish steel industry, we aim to recycle and recover these slag wastes and contribute to the Turkish economy by leveraging Harsco’s experience of more than 100 years.  We will achieve this by recovering metal and minimizing slag storage area needs via the usage of aggregate as a raw material for sectors such as road construction, cement and fertilizer production. “Following the exemplary success of our new facility, we will continue to work with our partner to increase the number of slag disposal facilities in other parts of our country,” he continued.  “We anticipate that 1.2 million tons of slag waste will be handled annually, which will not only contribute to the economy but also maximize our positive impact to the environment.  As Tosçelik, we are demonstrating our commitment to this matter with a new eco-friendly project following the solar energy investment that we plan to put into service in 2017”. Chris Whistler, Chief Operating Officer of Harsco’s Metals & Minerals division, said, “We are extremely pleased to partner with Tosyali Holding to bring our expertise in slag recycling to Turkey.  We look forward to a long and growing relationship across the Tosyali group as well as with other steelmakers in Turkey as we develop innovative solutions to convert their slag into valuable and environmentally-responsive products.  Our joint objectives are fully aligned around long-term value creation and mutual success.” About Tosyali Holding Tosyali Holding is Turkey’s largest steel producer and the second largest in Europe.  Tosyali operates in Turkey, Algeria and Montenegro with 18 facilities and more than 6,000 employees.  The company’s rebar facility was commissioned in 2013 with 1.2 million tons of production annually, and the second phase of the investment, a wire rod mill with 600,000 tons of production, began operations in 2015 in Algeria.  Tosyalı-Toyo Steel Co., a joint venture with Japanese Toyo-Kohan, is a cold rolling and coating plant with 1.2 million tons of capacity in Osmaniye.  Construction of a pellet & DRI plant, the third stage investment, called "Mega Project” based on its capacity of 4 million tons in Algeria, is ongoing; the plant will begin production in the first half of 2018. In addition, an iron mill plant, the first phase of the third stage investment, is planned to come into service by the second half of 2017. It is aimed to produce approximately 2 million tons of structural iron per year and to increase the total structural iron production capacity to 3.2 million tons annually. Harsco’s Metals & Minerals division is the world’s largest and most comprehensive provider of onsite material processing and environmental services to the worldwide steel and metals industries.  The division serves as a technology partner to cleaner, more efficient metal production, providing customers with effective solutions for converting production waste streams into beneficial commercial use.  Its operations span approximately 140 customer sites across more than 30 countries. Harsco's Metals & Minerals division began life in the last century by offering steelmakers a metal recovery service for slag. It then expanded its offering into onsite logistics to provide customers with productivity-gaining solutions in raw materials and product handling.  Harsco Metals & Minerals today offers a breadth of environmental and logistics solutions which is unparalleled in the industry, with nearly 8,000 employees worldwide.


HOUSTON, May 11, 2017 (GLOBE NEWSWIRE) -- Synthesis Energy Systems, Inc. (SES) (NASDAQ:SYMX), a global leader in clean and efficient production of low-cost synthesis gas for high value energy and chemical markets, today reported financial results for its fiscal 2017 third quarter ended March 31, 2017. “During the third quarter of our fiscal year 2017, our business activities in Australia have been SES’s area of intense focus and we are now seeing these efforts accelerate. As we announced this morning, we are very excited to have entered into a definitive Technology License Agreement with Australian Future Energy Pty Ltd (AFE). SES owns approximately 40% of AFE, and through AFE, SES expects to also indirectly own an interest in the individual projects. All AFE projects will use Australia’s resources in a responsible manner, and AFE has identified several project opportunities and is expected to initially carry two projects forward into development, design and construction. The scale of these projects is quite large, each on the order of $2 billion total installed cost. The initial two projects combined have the potential to generate approximately $300 million in orders for technology licensing and equipment sales to SES,” said DeLome Fair, SES’s President and CEO. “AFE has also continued to execute on its plan to acquire additional ownership position in coal resources, such as the recently announced 270 million ton Pentland resource acquisition. Additionally, the owners of AFE created Batchfire Resources which acquired ownership of the producing Callide Mine in October 2016. These resources, along with local renewable resources, will be used in combination to fuel the AFE projects. All projects will use our clean energy technology exclusively. “This top line licensing and equipment revenue, along with future AFE equity project dividends and dividends from both AFE’s and Batchfire’s coal resources from our first global platform, and the development of additional similar platforms in other regions of the world has been, and will continue to be, our focus,” added Ms. Fair. “As we diversify our business we recognize our history in China, which has been a market that has allowed us to successfully commercialize our proprietary clean energy technology with 12 systems. In the future, our focus inside China is to make the business self-sufficient and self-funding, and to generate positive cash flow from our assets. This strategic shift of focus has allowed us to appropriately streamline our costs while retaining our core technology capabilities. This has resulted in a reduction of our company cash expenses from about $8.9 million at the beginning of this fiscal year to a projection of about $6.4 million over the next 12 months. “While Australia will be our area of intense focus over the next 12 months, we are pursuing the successful AFE model of developing platforms in additional regions of the world that have abundant coal and limited access to affordable natural gas. Opportunities for financially impactful project platforms exist in Eastern Europe, South America and the Caribbean, and we continue the process of moving these forward. Globally, we have a project pipeline with current prospective project opportunities that could exceed $20 billion in total project facilities cost. Along with Australia we continue to pursue other nearer term opportunities in South America, India, the Caribbean and Southeast Asia,” concluded Ms. Fair. AFE Technology License Agreement for Project in Australia: In May 2017, SES entered into a definitive Technology License Agreement with AFE for a large-scale project in Australia. Based on the terms of the agreement, SES will receive fees based on the licensed capacity for the project, and for the Process Design Package (PDP), totaling $27 million. It is expected that the project will purchase proprietary equipment from SES which, based on the license capacity of the project, could be valued at approximately $120 million and would be contracted soon after completion of the PDP, which is expected to start later this year and take about six months to complete. Fees are to be paid at agreed milestones across the development, design, construction, start-up and operations of the project. The entire package of technology, services and equipment is expected to provide SES with top line revenue of approximately $150 million with attractive gross profit margins. This Technology License Agreement kicks off AFE’s first project, which is expected to be the first of several AFE projects developed for industrial-scale poly-generation facilities that produce low-cost syngas, ammonia for nitrogen fertilizer and ammonium nitrate products, as well as synthetic natural gas and electric power. AFE has identified several project opportunities, and is expected to carry two of these projects forward into development, design and construction, subject to obtaining all necessary Government approvals and funding. Pentland Resource Acquisition: In April 2017, Great Northern Energy Pty Ltd, a wholly owned subsidiary of AFE, acquired a 270 million ton JORC compliant coal resource lease near Pentland, Queensland. The acquired mine development lease, MDL361, has existing rail access to Townsville, QLD. Under the terms of the definitive agreement for acquiring the mine development lease AFE has completed its first of two payments and is scheduled to complete the final payment within six months. The Pentland resource is located in the northern part of the Galilee Basin which contains large quantities of Permian thermal coal. The Pentland resource has been well proven through significant bore hole evaluation work completed initially by Shell Oil Company in the 1970s and several subsequent analyses since that time. Callide Mine Operations: The AFE spin-off resource company, Batchfire Resources Pty Ltd., in which SES holds an 11.4% ownership position, continues to improve efficiencies at the Callide Mine which it acquired with uninterrupted operations in October 2016. Financial results at the mine are ahead of the original plan. The Callide Mine is a mature and significantly sized coal producer with substantial recoverable thermal coal reserves, according to Batchfire. The Callide Mine has been a major economic and employment driver for the town of Biloela and central Queensland for more than 70 years, supplemented by the commissioning of the nearby Callide Power Station in 1965. The Callide B and C power stations are leading customers for the mine’s output under long-term supply contracts, essential for major power generation facilities with a combined capacity of 1,510 megawatts. The Company has implemented significant cost reductions in China and has challenged its China team with the goals of becoming self-sufficient and self-funding with capital raised locally in China, and on generating positive cash flow from its existing assets including the Yima and Tianwo-SES joint ventures. The Company is currently evaluating all SES activities in China through this process. The Company reported revenues of $22,000 for the three months ended March 31, 2017 (the “Current Quarter”).  During the three months ended March 31, 2016 (the “Comparable Quarter”) total revenues were $51,000, which resulted from engineering feasibility studies and coal testing services for a customer. The Company reported $20,000 costs of sales during the Current Quarter, which related to the costs incurred for engineering studies for a customer. There was no cost of sales in the Comparable Quarter. The Company's operating loss from continuing operations for the Current Quarter was $2.7 million versus an operating loss of $2.8 million for the Comparable Quarter. The decrease in operating loss was primarily due to a reduction in general administrative expenses during the Current Quarter. The net loss attributable to stockholders for the third quarter of fiscal 2017 was approximately $2.7 million during the Current Quarter versus a loss of $3.0 million for the Comparable Quarter. As of March 31, 2017, the Company had cash and cash equivalents of $7.0 million and working capital of $5.7 million. SES’s President and CEO DeLome Fair and CAO Scott Davis will report on financial results and provide a business update beginning at 4:15 p.m. ET on May 11. To access the live conference call webcast, please log on to http://services.choruscall.com/links/symx170511.html, or the Investor Center of the corporate website: http://ir.synthesisenergy.com/index.cfm. Alternatively, interested parties may participate in SES’s conference call by phoning (877) 508-9602 (U.S.) or (412) 317-5113 (Int’l). Callers should request the “Synthesis Energy Systems, Inc. call.” An archived version of the SES conference call webcast will be available, beginning approximately one hour after its completion, through June 10, 2017. Interested parties can access the telephonic replay on the Investor Center of the company’s website, or by phoning (877) 344-7529 (U.S.) or (412) 317-0088 (Int’l). The PIN access code for both the live call and replay is: 10105582. Synthesis Energy Systems (SES) is a Houston-based technology company focused on generating clean, high-value energy from low-cost and low-grade coal, biomass and municipal solid waste through its proprietary technology for conversion of these resources into a clean synthesis gas (syngas) and methane. SES’s proprietary technology enables the production of clean, low-cost power, industrial fuel gas, chemicals, fertilizers, transportation fuels, and substitute natural gas, replacing expensive natural gas-based energy. SES’s technology can also produce high-purity hydrogen for cleaner transportation fuels. SES enables greater fuel flexibility for both large-scale and efficient small- to medium-scale operations close to fuel sources. Fuel sources include low-rank, low-cost high ash, high moisture coals, which are significantly cheaper than higher grade coals, waste coals, biomass, and municipal solid waste feedstocks. SES: Growth With Blue Skies. For more information, please visit: www.synthesisenergy.com. This press release includes "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. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are the ability of our project with Yima to produce earnings and pay dividends; our ability to develop and expand business of the TSEC joint venture in the joint venture territory; our ability to develop our power business unit and our other business verticals, including DRI steel, through our marketing arrangement with Midrex Technologies, and renewables; our ability to successfully develop the SES licensing business; the ability of the ZZ Joint Venture to retire existing facilities and equipment and build another SGT facility; the ability of Batchfire and AFE management to successfully grow and develop their Australian assets and operations, including Callide and Pentland; the economic conditions of countries where we are operating; events or circumstances which result in an impairment of our assets; our ability to reduce operating costs; our ability to make distributions and repatriate earnings from our Chinese operations; our ability to successfully commercialize our technology at a larger scale and higher pressures; commodity prices, including in particular natural gas, crude oil, methanol and power, the availability and terms of financing; our customers’ and/or our ability to obtain the necessary approvals and permits for future projects, our ability to raise additional capital, if any, our ability to estimate the sufficiency of existing capital resources; the sufficiency of internal controls and procedures; and our results of operations in countries outside of the U.S., where we are continuing to pursue and develop projects. Although SES believes that in making such forward-looking statements our expectations are based upon reasonable assumptions, such statements may be influenced by factors that could cause actual outcomes and results to be materially different from those projected by us. SES cannot assure you that the assumptions upon which these statements are based will prove to have been correct.


News Article | May 8, 2017
Site: www.prweb.com

Evan C. Holden and Sara Deskins Tucker, shareholders in global law firm Greenberg Traurig, LLP’s Atlanta office, will speak at the 2017 DRI Drug and Medical Device Seminar, taking place in New Orleans, Louisiana, May 11 and 12. Greenberg Traurig is also a sponsor of the conference. Tucker, a shareholder in the firm’s Pharmaceutical, Medical Device & Health Care Litigation Practice, will be presenting on “Successfully Challenging Expert Testimony: It Starts with the Deposition.” Holden, also a shareholder in the firm’s Pharmaceutical, Medical Device & Health Care Litigation Practice, will be moderating a panel titled “I Want You: What In-House Counsel Want from Young Lawyers.” Both sessions are part of the event’s “Young Lawyer Blockbuster,” presented by DRI’s Young Lawyer’s Division. The annual event is the foremost educational and networking opportunity for practitioners in the pharmaceutical and medical device defense space, featuring presentations by in-house and outside counsel, a federal judge, deans of the drug and device defense bar, and the U.S. Chamber Litigation Center. DRI is the leading organization of defense attorneys and in-house counsel. The Pharmaceutical, Medical Device & Health Care Litigation Practice is an integral part of the firm’s 600-plus member national Litigation Practice. The team is nationally recognized for its dynamic courtroom presence, responsiveness to clients, and deep subject matter knowledge. Recent recognitions include national rankings for 2016 “Products Liability & Mass Torts” from Chambers USA Guide; national rankings for 2016 “Practice Liability & Mass Torts Defense: Pharmaceuticals and Medical Devices” from The Legal 500 United States; and being named the Products Liability/Mass Torts Litigation Department of the Year by the Daily Report in 2013, and from 2015 - 2017. In addition, Greenberg Traurig is recognized as a "Product Liability Litigation Standout" in the BTI Litigation Outlook 2017 published by BTI Consulting Group. Greenberg Traurig, LLP (GTLaw) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia and the Middle East and is celebrating its 50th anniversary. One firm worldwide, GTLaw has been recognized for its philanthropic giving, was named the second largest firm in the U.S. by Law360 in 2016, and among the Top 20 on the 2016 Am Law Global 100. Web: http://www.gtlaw.com Twitter: @GT_Law.


CAMP HILL, Pa., May 10, 2017 (GLOBE NEWSWIRE) -- Global industrial company Harsco Corporation (NYSE:HSC) and Tosyali Holding, Turkey's leading flat steel and steel pipe producer, announced today an exclusive joint venture relationship for metal recovery services and slag sales at the Toscelik Osmaniye Flat Steel Production Plant, one of the steelmaking facilities owned and operated by Tosyalı and the first flat steel production facility built from the ground up by the Turkish private sector. The agreement with Tosyali marks Harsco’s first entry into Turkey’s steelmaking sector and supports the Toscelik plant’s objectives to be the first mill in Turkey to establish a world class solution for metal recovery and aggregate sales. Turkey ranks as the second largest steel maker in Europe after Germany, producing more than 50 million tons of steel per year. Fuat Tosyali, Chairman of the Board of Tosyali Holding, said, "Since slag disposal is one of the main challenges of the Turkish steel industry, we aim to recycle and recover these slag wastes and contribute to the Turkish economy by leveraging Harsco’s experience of more than 100 years.  We will achieve this by recovering metal and minimizing slag storage area needs via the usage of aggregate as a raw material for sectors such as road construction, cement and fertilizer production. “Following the exemplary success of our new facility, we will continue to work with our partner to increase the number of slag disposal facilities in other parts of our country,” he continued.  “We anticipate that 1.2 million tons of slag waste will be handled annually, which will not only contribute to the economy but also maximize our positive impact to the environment.  As Tosçelik, we are demonstrating our commitment to this matter with a new eco-friendly project following the solar energy investment that we plan to put into service in 2017”. Chris Whistler, Chief Operating Officer of Harsco’s Metals & Minerals division, said, “We are extremely pleased to partner with Tosyali Holding to bring our expertise in slag recycling to Turkey.  We look forward to a long and growing relationship across the Tosyali group as well as with other steelmakers in Turkey as we develop innovative solutions to convert their slag into valuable and environmentally-responsive products.  Our joint objectives are fully aligned around long-term value creation and mutual success.” About Tosyali Holding Tosyali Holding is Turkey’s largest steel producer and the second largest in Europe.  Tosyali operates in Turkey, Algeria and Montenegro with 18 facilities and more than 6,000 employees.  The company’s rebar facility was commissioned in 2013 with 1.2 million tons of production annually, and the second phase of the investment, a wire rod mill with 600,000 tons of production, began operations in 2015 in Algeria.  Tosyalı-Toyo Steel Co., a joint venture with Japanese Toyo-Kohan, is a cold rolling and coating plant with 1.2 million tons of capacity in Osmaniye.  Construction of a pellet & DRI plant, the third stage investment, called "Mega Project” based on its capacity of 4 million tons in Algeria, is ongoing; the plant will begin production in the first half of 2018. In addition, an iron mill plant, the first phase of the third stage investment, is planned to come into service by the second half of 2017. It is aimed to produce approximately 2 million tons of structural iron per year and to increase the total structural iron production capacity to 3.2 million tons annually. Harsco’s Metals & Minerals division is the world’s largest and most comprehensive provider of onsite material processing and environmental services to the worldwide steel and metals industries.  The division serves as a technology partner to cleaner, more efficient metal production, providing customers with effective solutions for converting production waste streams into beneficial commercial use.  Its operations span approximately 140 customer sites across more than 30 countries. Harsco's Metals & Minerals division began life in the last century by offering steelmakers a metal recovery service for slag. It then expanded its offering into onsite logistics to provide customers with productivity-gaining solutions in raw materials and product handling.  Harsco Metals & Minerals today offers a breadth of environmental and logistics solutions which is unparalleled in the industry, with nearly 8,000 employees worldwide.


Oak Brook, Illinois-based McDonald's Corp.'s shares gained 0.19%, closing Monday's trading session at $144.24. The stock recorded a trading volume of 2.81 million shares. Shares of the Company have advanced 10.83% in the last month, 16.76% over the previous three months, and 19.37% since the start of this year. The stock is trading 9.53% above its 50-day moving average and 19.38% above its 200-day moving average. Additionally, shares of McDonald's, which operates and franchises McDonald's restaurants in the US, Europe, Asia/Pacific, Middle East, Africa, Canada, Latin America, and internationally, have a Relative Strength Index (RSI) of 85.86. On May 01st, 2017, McDonald's revealed the Frork, a quasi-utensil, fry-fork hybrid designed solely for scooping up the quality ingredients that may fall while eating a new Signature Crafted™ Recipes sandwich. The Frork works with all three new Signature Crafted™ Recipes: Pico Guacamole, Sweet BBQ Bacon, and Maple Bacon Dijon. On May 03rd, 2017, research firm Goldman upgraded the Company's stock rating from 'Neutral' to 'Buy'. See our free and comprehensive research report on MCD at: On Monday, shares in Dublin, Ohio headquartered The Wendy's Co. recorded a trading volume of 2.49 million shares. The stock declined 0.66%, ending the day at $15.01. The Company's shares have advanced 9.16% in the past month, 9.57% in the previous three months, and 11.59% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.67% and 22.55%, respectively. Furthermore, shares of Wendy's, which through its subsidiaries, operates as a quick-service restaurant company in the hamburger sandwich segment worldwide, have an RSI of 71.90. On April 18th, 2017, Wendy's announced that it will release its Q1 2017 results before the market opens on Wednesday, May 10th, 2017. A conference call will follow at 9:00 a.m. ET, with a simultaneous webcast under the investors section of the Company's website. WEN free research report PDF is just a click away at: Louisville, Kentucky headquartered Yum! Brands Inc.'s stock finished the day 0.23% lower at $69.14. A total volume of 2.93 million shares was traded, which was above their three months average volume of 2.80 million shares. The Company's shares have advanced 7.61% in the last one month, 4.77% in the previous three months, and 10.20% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 7.10% and 8.62%, respectively. Additionally, shares of Yum! Brands, which through its subsidiaries, develops, operates, and franchises quick service restaurants, have an RSI of 81.74. On May 04th, 2017, KFC Corporation, a subsidiary of Yum! Brands, announced that the Company is giving moms the ultimate Mother's Day gift with its first romance novella, "Tender Wings of Desire," featuring Harland Sanders as the love interest. Paired with a $20 Fill Up™ featuring KFC's Extra Crispy™ Chicken, mothers can finally get what they want this year - a family meal they don't have to cook, and some alone time with a captivating novella. Sign up for your complimentary report on YUM at: Shares in Orlando, Florida headquartered Darden Restaurants Inc. ended yesterday's session 0.29% lower at $87.08. The stock recorded a trading volume of 803,949 shares. The Company's shares have advanced 4.44% in the last one month, 21.21% over the previous three months, and 21.50% since the start of this year. The stock is trading 8.79% and 24.13% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Darden Restaurants, which through its subsidiaries, owns and operates full-service restaurants in the US and Canada, have an RSI of 72.76. On April 24th, 2017, Darden Restaurants announced that it has completed the acquisition of Cheddar's Scratch Kitchen for $780 million in an all-cash transaction from its stockholders, including private equity firms L Catterton and Oak Investment Partners. This follows the agreement that was announced on March 27th, 2017. The transaction price is subject to customary post-closing adjustments.  Register for free on Stock-Callers.com and download the latest research report on DRI at: Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. 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CAMP HILL, Pa., May 10, 2017 (GLOBE NEWSWIRE) -- Global industrial company Harsco Corporation (NYSE:HSC) and Tosyali Holding, Turkey's leading flat steel and steel pipe producer, announced today an exclusive joint venture relationship for metal recovery services and slag sales at the Toscelik Osmaniye Flat Steel Production Plant, one of the steelmaking facilities owned and operated by Tosyalı and the first flat steel production facility built from the ground up by the Turkish private sector. The agreement with Tosyali marks Harsco’s first entry into Turkey’s steelmaking sector and supports the Toscelik plant’s objectives to be the first mill in Turkey to establish a world class solution for metal recovery and aggregate sales. Turkey ranks as the second largest steel maker in Europe after Germany, producing more than 50 million tons of steel per year. Fuat Tosyali, Chairman of the Board of Tosyali Holding, said, "Since slag disposal is one of the main challenges of the Turkish steel industry, we aim to recycle and recover these slag wastes and contribute to the Turkish economy by leveraging Harsco’s experience of more than 100 years.  We will achieve this by recovering metal and minimizing slag storage area needs via the usage of aggregate as a raw material for sectors such as road construction, cement and fertilizer production. “Following the exemplary success of our new facility, we will continue to work with our partner to increase the number of slag disposal facilities in other parts of our country,” he continued.  “We anticipate that 1.2 million tons of slag waste will be handled annually, which will not only contribute to the economy but also maximize our positive impact to the environment.  As Tosçelik, we are demonstrating our commitment to this matter with a new eco-friendly project following the solar energy investment that we plan to put into service in 2017”. Chris Whistler, Chief Operating Officer of Harsco’s Metals & Minerals division, said, “We are extremely pleased to partner with Tosyali Holding to bring our expertise in slag recycling to Turkey.  We look forward to a long and growing relationship across the Tosyali group as well as with other steelmakers in Turkey as we develop innovative solutions to convert their slag into valuable and environmentally-responsive products.  Our joint objectives are fully aligned around long-term value creation and mutual success.” About Tosyali Holding Tosyali Holding is Turkey’s largest steel producer and the second largest in Europe.  Tosyali operates in Turkey, Algeria and Montenegro with 18 facilities and more than 6,000 employees.  The company’s rebar facility was commissioned in 2013 with 1.2 million tons of production annually, and the second phase of the investment, a wire rod mill with 600,000 tons of production, began operations in 2015 in Algeria.  Tosyalı-Toyo Steel Co., a joint venture with Japanese Toyo-Kohan, is a cold rolling and coating plant with 1.2 million tons of capacity in Osmaniye.  Construction of a pellet & DRI plant, the third stage investment, called "Mega Project” based on its capacity of 4 million tons in Algeria, is ongoing; the plant will begin production in the first half of 2018. In addition, an iron mill plant, the first phase of the third stage investment, is planned to come into service by the second half of 2017. It is aimed to produce approximately 2 million tons of structural iron per year and to increase the total structural iron production capacity to 3.2 million tons annually. Harsco’s Metals & Minerals division is the world’s largest and most comprehensive provider of onsite material processing and environmental services to the worldwide steel and metals industries.  The division serves as a technology partner to cleaner, more efficient metal production, providing customers with effective solutions for converting production waste streams into beneficial commercial use.  Its operations span approximately 140 customer sites across more than 30 countries. Harsco's Metals & Minerals division began life in the last century by offering steelmakers a metal recovery service for slag. It then expanded its offering into onsite logistics to provide customers with productivity-gaining solutions in raw materials and product handling.  Harsco Metals & Minerals today offers a breadth of environmental and logistics solutions which is unparalleled in the industry, with nearly 8,000 employees worldwide.

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