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News Article | May 15, 2017
Site: globenewswire.com

PORTLAND, Ore., May 15, 2017 (GLOBE NEWSWIRE) -- Erickson Incorporated, a leading global provider of aviation services, announced today that Andrew Mills will serve as the interim president and CEO for the Company.  Erickson exited bankruptcy on Friday, April 28th 2017 under new ownership comprised of a diverse shareholder group. Jeff Roberts resigned his position as president and CEO for the Company effective Friday, May 5th.  The Erickson board thanks Jeff for his service to Erickson. Mr. Mills has 25 years of experience in helicopter operations and contracting and his aerial services career has included doing business in more than 20 countries. Mr. Mills said, “I am optimistic about our future at Erickson.  Our new owners and I believe we deliver a significant value to customers and given our recent restructuring, we now have a far better financial path to move forward.  We appreciate the support of our many stakeholders around the world.” Erickson is a leading global provider of aviation services and operates, maintains and manufactures utility aircraft to safely transport and place people and cargo around the world.  The Company is self-reliant, multifaceted and operates in remote locations under challenging conditions specializing in Global Defense and Security, Manufacturing and MRO, and Civil Aviation Services (comprised of firefighting, HVAC, transmission line, construction, timber harvesting, oil and gas and specialty lift). With roots dating back to 1960, Erickson operates a fleet of over 50 aircraft, is headquartered in Portland, Oregon, USA, and operates in North America, South America, Europe, the Middle East, Africa, Asia Pacific, and Australia.   For more information, please visit our website at www.ericksoninc.com.


News Article | May 15, 2017
Site: globenewswire.com

PORTLAND, Ore., May 15, 2017 (GLOBE NEWSWIRE) -- Erickson Incorporated, a leading global provider of aviation services, announced today that Andrew Mills will serve as the interim president and CEO for the Company.  Erickson exited bankruptcy on Friday, April 28th 2017 under new ownership comprised of a diverse shareholder group. Jeff Roberts resigned his position as president and CEO for the Company effective Friday, May 5th.  The Erickson board thanks Jeff for his service to Erickson. Mr. Mills has 25 years of experience in helicopter operations and contracting and his aerial services career has included doing business in more than 20 countries. Mr. Mills said, “I am optimistic about our future at Erickson.  Our new owners and I believe we deliver a significant value to customers and given our recent restructuring, we now have a far better financial path to move forward.  We appreciate the support of our many stakeholders around the world.” Erickson is a leading global provider of aviation services and operates, maintains and manufactures utility aircraft to safely transport and place people and cargo around the world.  The Company is self-reliant, multifaceted and operates in remote locations under challenging conditions specializing in Global Defense and Security, Manufacturing and MRO, and Civil Aviation Services (comprised of firefighting, HVAC, transmission line, construction, timber harvesting, oil and gas and specialty lift). With roots dating back to 1960, Erickson operates a fleet of over 50 aircraft, is headquartered in Portland, Oregon, USA, and operates in North America, South America, Europe, the Middle East, Africa, Asia Pacific, and Australia.   For more information, please visit our website at www.ericksoninc.com.


News Article | May 15, 2017
Site: globenewswire.com

PORTLAND, Ore., May 15, 2017 (GLOBE NEWSWIRE) -- Erickson Incorporated, a leading global provider of aviation services, announced today that Andrew Mills will serve as the interim president and CEO for the Company.  Erickson exited bankruptcy on Friday, April 28th 2017 under new ownership comprised of a diverse shareholder group. Jeff Roberts resigned his position as president and CEO for the Company effective Friday, May 5th.  The Erickson board thanks Jeff for his service to Erickson. Mr. Mills has 25 years of experience in helicopter operations and contracting and his aerial services career has included doing business in more than 20 countries. Mr. Mills said, “I am optimistic about our future at Erickson.  Our new owners and I believe we deliver a significant value to customers and given our recent restructuring, we now have a far better financial path to move forward.  We appreciate the support of our many stakeholders around the world.” Erickson is a leading global provider of aviation services and operates, maintains and manufactures utility aircraft to safely transport and place people and cargo around the world.  The Company is self-reliant, multifaceted and operates in remote locations under challenging conditions specializing in Global Defense and Security, Manufacturing and MRO, and Civil Aviation Services (comprised of firefighting, HVAC, transmission line, construction, timber harvesting, oil and gas and specialty lift). With roots dating back to 1960, Erickson operates a fleet of over 50 aircraft, is headquartered in Portland, Oregon, USA, and operates in North America, South America, Europe, the Middle East, Africa, Asia Pacific, and Australia.   For more information, please visit our website at www.ericksoninc.com.


BALTIMORE, MD--(Marketwired - June 15, 2017) - Erickson Living, a nation-leading developer and manager of continuing care retirement communities, today announced that Computerworld magazine has selected it as one of the Best Places to Work in IT for 2017. Specifically, the company was ranked No. 14 among large organizations, and recognized for having dynamic and rewarding environments for its information technology (IT) professionals. "We are thrilled to be selected for the seventh consecutive year as a premier organization for IT professionals," said John F. Triscoli, Erickson Living's senior vice president, and chief information officer. "It's rewarding to be part of a team where creativity is valued, career opportunities are advanced, and great benefits and compensation are provided. It's also exciting to experience each day how Erickson Living's unique culture and values, as well as heritage of innovation, fosters a creative and collaborative workplace, as well as company success." A few of the primary factors that make Erickson Living a 2017 Best Places to Work in IT include its great mission, diverse and positive work culture, as well as its assortment of IT applications. The company's high-performance team has been established through a comprehensive, integrated employee engagement program that includes extensive employee feedback, leadership development, robust two-way communications, and a performance-based employee value plan that aligns personal and team objectives. The end result is a culture in which people experience mutual respect and see Erickson Living as a preferred career destination. "As technology moves to the strategic center of every business, the ability of the enterprise to attract and retain skilled IT talent has become critically important," says Ken Mingis, executive editor of Computerworld. "The 100 organizations on our 2017 Best Places to Work in IT list keep their tech employees happy and engaged by offering generous salaries, top-notch benefits, continuous training, and access to cutting-edge technologies. In empowering their tech workforce, these firms gain competitive advantage, and we applaud them for their achievements." The 2017 Best Places to Work in IT listing appeared in the June 12th digital edition of Computerworld and online at Computerworld.com. Erickson Living is a nation-leading developer and manager of continuing care retirement communities, based in Baltimore, Maryland. Further information regarding Erickson Living is available at: www.ericksonliving.com. Computerworld from IDG is the leading technology media brand helping senior IT, business decision-makers and key influencers navigate change with effective business strategy. About the Best Places to Work in IT List The Best Places to Work in Information Technology (IT) list is an annual ranking of the top 100 work environments for technology professionals by IDG's Computerworld. The list is compiled based on a comprehensive questionnaire regarding company offerings in categories such as benefits, career development, training and retention. In addition, Computerworld conducts extensive surveys of IT workers, and their responses factor heavily in determining the rankings.


News Article | June 20, 2017
Site: www.prweb.com

FreeConferenceCall.com, the most recognized conferencing and collaboration brand on the planet, announces that David Erickson is joining the Telecom Exchange (TEX) NYC CEO Roundtable, ‘IoT (Internet of Things) Myths and Realities — The Future is Now.’ The premier industry networking event features top technology and community influencers in the telecom sector. This year, Erickson is scheduled to share his vision and insights at the Telecom Exchange roundtable on June 21, from 10:15 AM-11:00 AM at Cipriani Wall Street. “IoT is a dynamic and complex ecosystem that is, no doubt, the future of communication and I am thrilled to be included in this years Telecom Exchange CEO roundtable panel,” says David Erickson, founder and CEO at FreeConferenceCall.com. “The internet landscape is growing at an exponential rate with an ever-growing range of connected devices changing and transforming everything from business to life and the opportunities are infinite.” Robert Powell, editor and creator of Telecom Ramblings and well-known Forbes.com author and regular Fox Business News guest will moderate the roundtable, taking a pragmatic look at the realities of IoT from a street level view to provide a glimpse of how IoT is being used today with the tech industry’s leading CEOs and executives: As founder and CEO, Dave Erickson brings over 25 years of telecom expertise to the TEX CEO Roundtable. "We are honored to have David join our c-level speaker line-up at TEX," says Jaymie Scotto Cutaia, Founder & CEO of JSA, the host of Telecom Exchange. "TEX is an executive-level networking event where the focus is to 'meet the people behind the networks', gain access and insight, and directly connect to key industry leaders and close business. Known for a level of detail unique to the industry, TEX provides the exact PoP locations of our over 100 exhibiting companies, so guests can know if a deal is potentially one cross connect away. It also offers AI-driven one-on-one meeting matchmaking and of course, our legendary CEO Roundtables, to provide the 600+ telecom and technology attendees 'smart networking'." JSA will be taking questions for our panelists on Twitter. Please tweet to @TelecomExchange to get your question heard. For more information about how to sign up for a free conference call account, visit FreeConferenceCall.com. Telecom Exchange NYC will be held on June 20-21, 2017, at Cipriani Wall Street. Exhibit tables are available on a first-come, first-served basis; and there are a limited number of sponsorship packages remaining. For more information, email info(at)thetelecomexchange.com or visit http://www.thetelecomexchange.com. FreeConferenceCall.com is the most recognized conferencing brand on the planet with users in more than 800,000 businesses, including nearly all Fortune 500. Service offerings around the globe with unlimited use include: high-quality HD audio conferencing, screen sharing, video conferencing, audio and visual recordings, customized greetings, security features, desktop scheduling and mobile applications. Mid-market and enterprise customers can take advantage of FreeConferenceCall.com For Business: high-quality, reliable and secure conferencing and collaboration services complemented by 24/7 customer support, enterprise account management teams, consolidated billing, customized user analytic reports, employee rollout and training and white-label services. FreeConferenceCall.com was founded by David Erickson in 2001 and is based in Long Beach, California. Dave founded FreeConferenceCall.com on the simple principle that collaborative communication should be available to everyone, both affordably and efficiently. He purchased a $10 URL, which sparked the first viral movement in the telecommunications industry to support free conferencing around the globe. The company has become the largest and most recognized conferencing and collaboration brand on the planet - boasting roughly 40 million users across 160 countries each month. Since launching the company in 2001, Dave has stayed focused on technological development and change. He was named “Innovator of the Year” by VON for pioneering high definition conference bridges at FreeConferenceCall.com. Under his leadership, the global company has won numerous awards, including the national “Best & Brightest Best Companies to Work For” and a Gold Stevie Award® for Customer Service Department of the Year in Telecommunications category. Dave is a frequent speaker at leadership conferences around the U.S. and has appeared on national radio, television and such business news publications, including Entrepreneur, Inc., Forbes, Fox News and USA Today.


Patent
Ameriforge Group Inc., Erickson and Jason Inc | Date: 2017-05-31

Some embodiments of the present clamps include a first clamp portion having a first end defining a recess and a second end configured to be coupled to a first structure, a second clamp portion having a first end configured to be coupled to a second structure and a second end configured to be received in the recess of the first clamp portion, and a shear pin configured to secure the second clamp portion relative to the first clamp portion. Some embodiments include a retaining member disposed in the recess. In some embodiments, the recess and/or retaining member is configured to resist shearing of the shear pin if a force is applied to the second clamp portion in a first direction, but not if the force is applied in a second direction. In some embodiments, the first direction is substantially parallel with, but opposite to, the second direction.


News Article | November 9, 2016
Site: globenewswire.com

PORTLAND, Ore., Nov. 09, 2016 (GLOBE NEWSWIRE) -- Erickson Incorporated (NASDAQ:EAC) (the “Company”), a leading global provider of aviation services, announced today that it and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division. During the Chapter 11 process, Erickson will operate in the ordinary course of business and with the same commitment to safety, compliance, and customer service that its partners are accustomed to. The Company expects to file a consensual plan of reorganization with the support of its major creditor constituencies within the first 50 days of the bankruptcy case, which the Company anticipates will dramatically reduce its total indebtedness and allow it to exit bankruptcy with a stronger balance sheet in early 2017. Concurrent with its Chapter 11 filing, Erickson has filed certain customary “first day motions”, including a new debtor in possession financing from its first lien lenders and certain of its 2nd lien bondholders, with the court to ensure a smooth transition into Chapter 11. Pending Court approval, the first day motions will allow the Company to operate in the ordinary course and maintain its critical customer and supplier relationships. President and CEO Jeff Roberts said, “Unfortunately, Erickson is not immune to the numerous business challenges currently facing the helicopter industry which have placed downward pressure on operating results and asset values. Operational integrity and safety continue to be our top priority, and this restructuring will in no way interfere with our performance and commitment to customer satisfaction.  We have examined a number of alternatives and are convinced that a formal restructuring is the most effective path forward. We anticipate a controlled process that better positions us to serve our customers. We appreciate the work of our largest creditors, board, investors, and employees who are committed to transparent and timely communications with our customers, prospects, vendors, suppliers, partners and key regulatory agencies.” CFO, David Lancelot, commented, “We are fully supportive of a creditor support agreement that certain of our first lien lenders and second lien noteholders have entered into which is expected to result in approximately $60 million in new financing from a group of our noteholders. This financing will provide sufficient liquidity to fund ongoing operations in the ordinary course during our restructuring. We believe this agreement is indicative of broad support for a consensual restructuring which will ultimately provide greater liquidity by way of a delevered balance sheet.  We believe that Erickson will emerge a financially stronger company at the conclusion of an expeditious bankruptcy process.” The restructuring is expected to preserve jobs for more than 700 employees and allow Erickson to continue to work with the vendors and suppliers around the world that are so vital to its long term success.  Erickson’s economic impact in its home state of Oregon accounts for nearly $500 million annually, with 300 of the employees based in Oregon. Suppliers and other stakeholders can find additional information about Erickson’s reorganization at www.ericksoninc.com.  In addition, court filings and other information related to the restructuring proceedings are available at www.kccllc.net/erickson. Haynes and Boone LLP is serving as the Company's legal advisor, Alvarez & Marsal LLC as its restructuring advisor, and Imperial Capital as its investment banker. Erickson is a leading global provider of aviation services and operates, maintains and manufactures utility aircraft to safely transport and place people and cargo around the world.  The Company is self-reliant, multifaceted and operates in remote locations under challenging conditions specializing in Global Defense and Security, Manufacturing and MRO, and Commercial Services (comprised of firefighting, HVAC, power line, construction, timber harvesting, oil and gas and specialty lift). With roots dating back to 1960, Erickson operates a fleet of approximately 69 aircraft, is headquartered in Portland, Oregon, USA, and operates in North America, South America, Europe, the Middle East, Africa, Asia Pacific, and Australia. For more information, please visit our website at www.ericksoninc.com.


News Article | November 11, 2016
Site: globenewswire.com

Company Receives Court Approval to Access Up to $49 Million in DIP Term Financing PORTLAND, Ore., Nov. 11, 2016 (GLOBE NEWSWIRE) -- Erickson Incorporated (NASDAQ:EAC)(the “Company”), a leading global provider of aviation services, announced today that United States Bankruptcy Court for the Northern District of Texas has approved key first day motions related to its voluntary Chapter 11 restructuring. The motions granted by the Court allow Erickson to fulfill current key customer contracts, pay employee wages, honor existing employee benefit programs, pay certain suppliers and foreign creditors, and will ensure that the Company continues normal business operations throughout the financial restructuring process. The Court has authorized Erickson to immediately access up to $49 million of its $66 million debtor‐in‐possession term financing. This financing, along with the Company’s approved DIP Revolver Financing, will provide sufficient liquidity to fund ongoing operations in the ordinary course of business and will maintain Erickson’s longstanding commitment to safety, compliance, and customer service. At the first day hearing in the Erickson Chapter 11 cases, Judge Harlin Hale granted all of the Company’s requested first day relief.  Kenric Kattner of Haynes and Boone, LLP began the hearing by giving an overview of the Chapter 11 cases and Company history, emphasizing the Company’s long standing safety record.  Mr. Kattner also explained Erickson’s intent to exit bankruptcy quickly, noting that Erickson has agreed to file a plan of reorganization within the first two months of the case.  Eli Columbus, also of Haynes and Boone presented two witnesses in support of the DIP financing proposal.  David Lancelot, Erickson’s Chief Restructuring Officer and CFO, testified that creditor’s support of the Company combined with the DIP financing, allows us to continue serving our valued customers while creating a platform for growth. Jeff Roberts, President and CEO of Erickson, was pleased with the results of the hearing, and commented, “We appreciate the work of our team and look forward to continuing the business of providing world class services.” As previously announced, on November 8, 2016, Erickson Incorporated filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code. The Company expects to file a consensual plan of reorganization with the support of its major creditor constituencies within the first 50 days of the bankruptcy case, which the Company anticipates will dramatically reduce its total indebtedness and allow it to exit bankruptcy with a stronger balance sheet in 2017. The Chapter 11 cases are being jointly administered under Case No. 16-34393 before the Honorable Judge Harlin D. Hale in the United States Bankruptcy Court for the Northern District of Texas. Suppliers and other stakeholders can find additional information about Erickson’s reorganization at www.ericksoninc.com.  In addition, court filings and other information related to the restructuring proceedings are available at www.kccllc.net/erickson. Erickson is a leading global provider of aviation services and operates, maintains and manufactures utility aircraft to safely transport and place people and cargo around the world.  The Company is self-reliant, multifaceted and operates in remote locations under challenging conditions specializing in Global Defense and Security, Manufacturing and MRO, and Commercial Services (comprised of firefighting, HVAC, power line, construction, timber harvesting, oil and gas and specialty lift). With roots dating back to 1960, Erickson operates a fleet of approximately 69 aircraft, is headquartered in Portland, Oregon, USA, and operates in North America, South America, Europe, the Middle East, Africa, Asia Pacific, and Australia. For more information, please visit our website at www.ericksoninc.com.


An electrosurgical generator may reduce unintended tissue damage by improving regulation of output power. The electrosurgical generator may control the power during a cycle, and react to a change in power if arcing occurs. Voltage sources, especially, demonstrate the tendency to have large, uncontrolled power excursions during normal electrosurgical use. The magnitude of the power excursions may be dependent on various factors. An exemplary electrosurgical generator control scheme reduces or minimizes the thermal spread by accurately supplying the specified power within a few cycles. Additionally, fast and accurate regulation provided by the constant voltage mode reduces or minimizes unintentional tissue charring. Thus, reduced thermal spread and charring should result in better surgical outcomes by reducing scarring and decreasing healing times. An electrosurgical generator controller may be configured to control both a DC-DC buck converter and a DC-AC boost inverter based in part on electrical parameters of the electrosurgical generator.


Grant
Agency: NSF | Branch: Fellowship | Program: | Phase: EAPSI | Award Amount: 5.40K | Year: 2016

Drug-resistant microorganisms and cancers result in more than 8 million deaths per year globally. While there has been extensive research into the mechanisms for bacterial or cancer drug resistance, there is no comprehensive method that allows the scientific community to easily search and draw comparisons across existing datasets. This project aims to build such a tool, deemed the Resistome. This project is conducted in collaboration with Prof. Juan Hsueh-Fen at the National Taiwan University, an expert in systems biology with invaluable experience in elucidating complex mechanisms underlying human disease. The Resistome will enable large-scale computational studies that were previously impossible, which will lead to new realizations about the nature of drug-resistance and will promote the eventual development of novel therapeutics that hinder resistance.

The initial vision for the database was to enable tracking of resistance-conferring mutations across diverse cell types, which will allow information to be analyzed using automated machine learning techniques. However, it is increasingly evident that transient responses at the gene expression level also promote resistance, without necessarily being reflected at the genome level. Thus, this major aim of this project is to expand the current Resistome database to allow for the incorporation of transcriptome-level data. Continuous collaboration with the Juan lab will have maximum benefit during this time, such that value fields in the database can be properly selected to broadly apply to bacterial and cancer drug resistances. A central database that includes both resistance-conferring mutations and resistance-conferring gene expression changes will support novel and complex computational efforts to identify the fundamental interactions underlying drug resistance.

This award under the East Asia and Pacific Summer Institutes program supports summer research by a U.S. graduate student and is jointly funded by NSF and the Ministry of Science and Technology of Taiwan.

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