Latest news for Fortran (OTC:FRTN) Stock

Fortran Corp is engaged in the sales, installation, and service of telecommunication systems in North Carolina, South Carolina, and Florida. It generates revenue through designing, sourcing, implementing, and maintaining complex telecommunications solutions. The company is focused on converting the historical and traditional Telecom business model to a Telecom-As-A-Service (TaaS) and is comprised of engineering and design, network service, technical certifications, regional sales teams, remote monitoring, on-site service, dedicated sales, and support.

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Fortran Acquires CCI Telecom

Fortran Corp

Fortran -- New Product Announcement
&nbsp;
Thermal Graphic Cameras with the ability to measure a person&#39;s temperature as they pass the camera
Conover, NC, May 20, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- 
<h1>Fortran -- New Product Announcement</h1>

&nbsp;
Thermal Graphic Cameras with the ability to measure a person&#39;s temperature as they pass the camera
Conover, NC, May 20, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Fortran Corporation (OTC:<a class="ticker" href="/stock/FRTN#OTC">FRTN</a>) is pleased to announce that we will begin offering the latest Hikvision thermal graphic temperature reading cameras through our operating subsidiaries B &amp; L Telephone, LLC and Fortran Communications, Inc. These state-of-the-art thermal imaging cameras and software can measure the temperature of individuals as they enter companies, schools, and government facilities, which we believe will be an important tool as they look to safely and effectively reopen after mandatory closures due to the COVID-19 pandemic.We believe this technology will also help make workplaces safer for staff and customers by providing companies with the ability to screen everyone upon entry. The current market size for this technology is over&nbsp;$4.6 billion, with huge growth predicted. We are one of the distributors of the Hikvision thermal graphic temperature reading cameras and we will offer these products to our existing clients and plan to launch an aggressive marketing campaign to add new customers, which we believe will help grow our business and expand shareholder value. To receive more information and to attend a webinar, please email&nbsp;<a href="mailto:info@fortrancorp.com">info@fortrancorp.com</a>&nbsp;or call our sales staff at 828-624-1153 for a free quote.
About Hikvision:By engineering and bringing state-of-the-art video surveillance products and solutions to market, the company grew from a 28-person start-up in 2001 to a global enterprise. Hikvision&#39;s commitment to R&amp;D innovation is ongoing. Today, in addition to its robust video surveillance products portfolio, Hikvision offers cutting-edge technologies to North America, including deep learning/AI, industrial automation, robotic vision, and advanced smart home solutions connected to a cloud platform. Hikvision employs more than 25,000 dedicated professionals worldwide, of which more than 10,000 are R&amp;D engineers. Hikvision maintains its leadership position by investing 7 to&nbsp;8 percent&nbsp;of annual sales revenue into R&amp;D for continued product innovation. For more information about Hikvision, please visit their website at<a href="https://us.hikvision.com/en">https://us.hikvision.com/en</a>.
About Fortran Corporation:
Fortran Corporation is a telecommunications system integrator dedicated to designing, implementing and maintaining complex communications solutions. Fortran is comprised of engineering and design, network service, sales, remote monitoring, and on-site services.
Visit us at<a href="https://www.globenewswire.com/Tracker?data=xiEg2Qpxzdij79ivxHzlTGu975BNOiLwCgKKwUGiokuvdxjy8MumeuDnzhzgXrNdf83SIhcxtcS581ksfwGg3zDbh-D3x9u9OFBknct9Uhc=" target="_blank">www.fortrancorp.com</a>&nbsp;and our subsidiaries B &amp; L Telephone, LLC and Fortran Communications, Inc. at<a href="https://www.globenewswire.com/Tracker?data=lNPv68hmxhfg_3NnrzEst91V_IHg8poG4_vGIsrwjag8ybLjvs2WXWv5ZJoNp8PmBhQsfLki1qRfVheGaTXP1g==" target="_blank">www.bltel.com</a>and<a href="https://www.globenewswire.com/Tracker?data=xiEg2Qpxzdij79ivxHzlTIkp0JRQiMCQXUzINV93dMQGEUddVb5C41cnZYLfyigD8cHNZNKaDxAfem0AQMoGextC3zLnjHA-lsZOPKVQ9iQ=" target="_blank">www.fortran-Inc.com</a>, respectively.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Statements and information contained in this communication that refer to or include Fortran&#39;sestimated or anticipated future results or other non-historical expressions of fact are forward-looking statements that reflect Fortran&#39;s current perspective of existing trends and information as of the date of the communication. Forward looking statements generally will be accompanied by words such as &quot;anticipate,&quot; &quot;believe,&quot; &quot;plan,&quot; &quot;could,&quot; &quot;should,&quot; &quot;estimate,&quot; &quot;expect,&quot; &quot;forecast,&quot; &quot;outlook,&quot; &quot;guidance,&quot; &quot;intend,&quot; &quot;may,&quot; &quot;might,&quot; &quot;will,&quot; &quot;possible,&quot; &quot;potential,&quot; &quot;predict,&quot; &quot;project,&quot; or other similar words, phrases or expressions. Such forward-looking statements include, but are not limited to, statements about offering the latest Hikvision thermal graphic temperature reading cameras through its operating subsidiaries B &amp; L Telephone, LLC and Fortran Communications, Inc.; Fortran&#39;s belief that these thermal reading cameras and software will be an important tool as companies, schools, and government facilities look to safely and effectively reopen after mandatory closures due to the COVID-19 pandemic; Fortran&#39;s belief that this technology will help make workplaces safer for staff and customers by providing companies with the ability to screen everyone upon entry; Fortran&#39;s belief that there is huge growth predicted for this technology; Fortran&#39;s plan to offer these products to its existing clients and plan to launch an aggressive marketing campaign to add new customers; Fortran&#39;s belief that this technology will help grow its business and expand shareholder value; and Fortran&#39;s plans, objectives, expectations and intentions. It is important to note that Fortran&#39;s plans, objectives, expectations and intentions are not predictions of actual performance. Actual results may differ materially from Fortran&#39;s current expectations depending upon a number of factors affecting Fortran&#39;s business. Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in operating results, the ability of Fortran to compete successfully and other events, factors and risks. These factors also include, among others, the inherent uncertainty associated with financial and other projections; the anticipated size of the markets and continued demand for Fortran&#39;s products; the impact of competitive products and pricing; changes in generally accepted accounting principles; successful compliance with governmental regulations applicable to Fortran&#39;s facilities, products and/or businesses; changes in laws, regulations and governmental policies; the loss of key senior management or staff; and other events, factors and risks previously and from time to time disclosed in Fortran Corporation&#39;s filings with the OTC Markets Group Inc. including, specifically, those factors set forth in any &quot;Risk Factors&quot; section contained in such filings.
Glenn Withers
910-880-0709
<a href="mailto:Gwithers@fortrancorp.com">Gwithers@fortrancorp.com</a>
<img src="https://www.globenewswire.com/newsroom/ti?nf=NzkyMzU3MCMzNTE3NDc1IzUwMDA1MDAwOQ==" style="height:1px; width:1px" />

Fortran Announces New Thermal Graphic Cameras 'with the ability to measure a person's temperature as they pass the camera'

Fortran Wins Contracts from Three Counties Which are Existing Customers to Upgrade Technology in School Systems

Pre-open movers

US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average jumped 155 points to 15,071.00 and S&amp;P 500 index futures rose 16.70 points to 1,625.80. Nasdaq 100 futures gained 32.50 points to 2,969.00.
 
A Peek Into Global Markets
 
European markets were mixed today. The STOXX Europe 600 Index rose 0.12%, London's FTSE 100 Index climbed 0.59%, French CAC 40 Index declined 0.24% and German DAX 30 index fell 0.02%.

Asian markets ended higher, with Japan's Nikkei Stock Average rising 2.08%, China's Shanghai Composite rising 0.05% and Australia's S&amp;P/ASX 200 surged 0.95%. Hong Kong's Hang Seng rose 1.89% and India's Sensex climbed 0.36%.

Broker Recommendation
Analysts at Morgan Stanley downgraded Mead Johnson Nutrition Company (NYSE: <a class="ticker" href="/stock/mjn#NYSE">MJN</a>) from “overweight” to “equal-weight.” The target price for Mead Johnson Nutrition has been lowered from $87.00 to $76.00. 
Mead Johnson shares closed at $68.85 on Wednesday. 

Breaking news 


<ul><li> Fortran Corporation (OTC: <a class="ticker" href="/stock/frtn#OTC">FRTN</a>), a leading communications system integrator announced today that if has reached a definitive share exchange agreement on June 7th with CCI Telecom, Inc of Statesville, North Carolina.To read the full news, <a href="http://www.benzinga.com/news/13/07/3730765/fortran-acquires-cci-telecom#ixzz2YAMJVrZK">click here. </a></li>
 
<li> First Manhattan Co. (“FMC”), an owner-managed and operated investment advisory firm and the owner of approximately 9.9 percent of the outstanding shares of VIVUS, Inc. (“Vivus”) (NASDAQ: <a class="ticker" href="/stock/vvus#NASDAQ">VVUS</a>), today announced that two leading proxy advisory firms, Institutional Shareholder Services Inc. ("ISS") and Egan Jones Proxy Services (“Egan Jones”) have recommended that Vivus stockholders vote for the election of FMC director nominees to the Vivus board of directors. To read the full news, <a href="http://www.benzinga.com/news/13/07/3730724/iss-egan-jones-recommend-vivus-stockholders-vote-for-first-manhattans-board-nomin#ixzz2YAMnRhVA">click here.</a></li>
 
<li> Acacia Research Corporation (NASDAQ: <a class="ticker" href="/stock/actg#NASDAQ">ACTG</a>) announced today that its Brandywine Communications Technologies LLC subsidiary has entered into a settlement agreement with Grandstream Networks, Inc. To read the full news, <a href="http://www.benzinga.com/news/13/07/3730722/acacia-subsidiary-enters-into-settlement-agreement-with-grandstream-networks#ixzz2YANPyaJ2">click here.</a></li>
 
<li> ReneSola (NYSE: <a class="ticker" href="/stock/sol#NYSE">SOL</a>) today announced its microinverter, Micro Replus, formally obtained certification in the United States, Canada, Australia, New Zealand, Germany, Denmark and the United Kingdom in the first half of this year. To read the full news, <a href="http://www.benzinga.com/news/13/07/3730720/renesolas-micro-replus-inverters-certified-for-sale-in-us-uk-canada-australia-new#ixzz2YATJUD3Y">click here.</a></li>

</ul>

Fortran Corporation (OTC: <a class="ticker" href="/stock/frtn#OTC">FRTN</a>), a leading communications system integrator announced today that if has reached a definitive share exchange agreement on June 7th with CCI Telecom, Inc of Statesville, North Carolina. "The combined client mix of the companies coming together will allow us to cross fertilize our different product disciplines within our existing client databases. CCI has an excellent reputation in the industry, Fortune 500 clients we didn't already have and a solid proven business model," stated Doug Rink, Fortran Corp., President and CEO.

Fortran Corporation Signs LOI

Fortran

<h1>Fortran -- New Product Announcement</h1>

 
&nbsp;

Thermal Graphic Cameras with the ability to measure a person&#39;s temperature as they pass the camera

Conover, NC, May 20, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Fortran Corporation (OTC:<a class="ticker" href="/stock/FRTN#OTC">FRTN</a>) is pleased to announce that we will begin offering the latest Hikvision thermal graphic temperature reading cameras through our operating subsidiaries B &amp; L Telephone, LLC and Fortran Communications, Inc. These state-of-the-art thermal imaging cameras and software can measure the temperature of individuals as they enter companies, schools, and government facilities, which we believe will be an important tool as they look to safely and effectively reopen after mandatory closures due to the COVID-19 pandemic.We believe this technology will also help make workplaces safer for staff and customers by providing companies with the ability to screen everyone upon entry. The current market size for this technology is over&nbsp;$4.6 billion, with huge growth predicted. We are one of the distributors of the Hikvision thermal graphic temperature reading cameras and we will offer these products to our existing clients and plan to launch an aggressive marketing campaign to add new customers, which we believe will help grow our business and expand shareholder value. To receive more information and to attend a webinar, please email&nbsp;<a href="mailto:info@fortrancorp.com">info@fortrancorp.com</a>&nbsp;or call our sales staff at 828-624-1153 for a free quote.

About Hikvision:By engineering and bringing state-of-the-art video surveillance products and solutions to market, the company grew from a 28-person start-up in 2001 to a global enterprise. Hikvision&#39;s commitment to R&amp;D innovation is ongoing. Today, in addition to its robust video surveillance products portfolio, Hikvision offers cutting-edge technologies to North America, including deep learning/AI, industrial automation, robotic vision, and advanced smart home solutions connected to a cloud platform. Hikvision employs more than 25,000 dedicated professionals worldwide, of which more than 10,000 are R&amp;D engineers. Hikvision maintains its leadership position by investing 7 to&nbsp;8 percent&nbsp;of annual sales revenue into R&amp;D for continued product innovation. For more information about Hikvision, please visit their website at<a href="https://us.hikvision.com/en">https://us.hikvision.com/en</a>.

About Fortran Corporation:

Fortran Corporation is a telecommunications system integrator dedicated to designing, implementing and maintaining complex communications solutions. Fortran is comprised of engineering and design, network service, sales, remote monitoring, and on-site services.

Visit us at<a href="https://www.globenewswire.com/Tracker?data=xiEg2Qpxzdij79ivxHzlTGu975BNOiLwCgKKwUGiokuvdxjy8MumeuDnzhzgXrNdf83SIhcxtcS581ksfwGg3zDbh-D3x9u9OFBknct9Uhc=" target="_blank">www.fortrancorp.com</a>&nbsp;and our subsidiaries B &amp; L Telephone, LLC and Fortran Communications, Inc. at<a href="https://www.globenewswire.com/Tracker?data=lNPv68hmxhfg_3NnrzEst91V_IHg8poG4_vGIsrwjag8ybLjvs2WXWv5ZJoNp8PmBhQsfLki1qRfVheGaTXP1g==" target="_blank">www.bltel.com</a>and<a href="https://www.globenewswire.com/Tracker?data=xiEg2Qpxzdij79ivxHzlTIkp0JRQiMCQXUzINV93dMQGEUddVb5C41cnZYLfyigD8cHNZNKaDxAfem0AQMoGextC3zLnjHA-lsZOPKVQ9iQ=" target="_blank">www.fortran-Inc.com</a>, respectively.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

Statements and information contained in this communication that refer to or include Fortran&#39;sestimated or anticipated future results or other non-historical expressions of fact are forward-looking statements that reflect Fortran&#39;s current perspective of existing trends and information as of the date of the communication. Forward looking statements generally will be accompanied by words such as &quot;anticipate,&quot; &quot;believe,&quot; &quot;plan,&quot; &quot;could,&quot; &quot;should,&quot; &quot;estimate,&quot; &quot;expect,&quot; &quot;forecast,&quot; &quot;outlook,&quot; &quot;guidance,&quot; &quot;intend,&quot; &quot;may,&quot; &quot;might,&quot; &quot;will,&quot; &quot;possible,&quot; &quot;potential,&quot; &quot;predict,&quot; &quot;project,&quot; or other similar words, phrases or expressions. Such forward-looking statements include, but are not limited to, statements about offering the latest Hikvision thermal graphic temperature reading cameras through its operating subsidiaries B &amp; L Telephone, LLC and Fortran Communications, Inc.; Fortran&#39;s belief that these thermal reading cameras and software will be an important tool as companies, schools, and government facilities look to safely and effectively reopen after mandatory closures due to the COVID-19 pandemic; Fortran&#39;s belief that this technology will help make workplaces safer for staff and customers by providing companies with the ability to screen everyone upon entry; Fortran&#39;s belief that there is huge growth predicted for this technology; Fortran&#39;s plan to offer these products to its existing clients and plan to launch an aggressive marketing campaign to add new customers; Fortran&#39;s belief that this technology will help grow its business and expand shareholder value; and Fortran&#39;s plans, objectives, expectations and intentions. It is important to note that Fortran&#39;s plans, objectives, expectations and intentions are not predictions of actual performance. Actual results may differ materially from Fortran&#39;s current expectations depending upon a number of factors affecting Fortran&#39;s business. Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in operating results, the ability of Fortran to compete successfully and other events, factors and risks. These factors also include, among others, the inherent uncertainty associated with financial and other projections; the anticipated size of the markets and continued demand for Fortran&#39;s products; the impact of competitive products and pricing; changes in generally accepted accounting principles; successful compliance with governmental regulations applicable to Fortran&#39;s facilities, products and/or businesses; changes in laws, regulations and governmental policies; the loss of key senior management or staff; and other events, factors and risks previously and from time to time disclosed in Fortran Corporation&#39;s filings with the OTC Markets Group Inc. including, specifically, those factors set forth in any &quot;Risk Factors&quot; section contained in such filings.

Glenn Withers 
 
910-880-0709 
 
<a href="mailto:Gwithers@fortrancorp.com">Gwithers@fortrancorp.com</a>

<img src="https://www.globenewswire.com/newsroom/ti?nf=NzkyMzU3MCMzNTE3NDc1IzUwMDA1MDAwOQ==" style="height:1px; width:1px" />

Fortran Announces New Thermal Graphic Cameras

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Stocks That Hit 52-Week Lows On Tuesday

Pre-open movers

US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average jumped 155 points to 15,071.00 and S&P 500 index futures rose 16.70 points to 1,625.80. Nasdaq 100 futures gained 32.50 points to 2,969.00.
 
A Peek Into Global Markets
 
European markets were mixed today. The STOXX Europe 600 Index rose 0.12%, London's FTSE 100 Index climbed 0.59%, French CAC 40 Index declined 0.24% and German DAX 30 index fell 0.02%.

Asian markets ended higher, with Japan's Nikkei Stock Average rising 2.08%, China's Shanghai Composite rising 0.05% and Australia's S&P/ASX 200 surged 0.95%. Hong Kong's Hang Seng rose 1.89% and India's Sensex climbed 0.36%.


Broker Recommendation
Analysts at Morgan Stanley downgraded Mead Johnson Nutrition Company (NYSE: <a class="ticker" href="/stock/mjn#NYSE">MJN</a>) from “overweight” to “equal-weight.” The target price for Mead Johnson Nutrition has been lowered from $87.00 to $76.00. 
Mead Johnson shares closed at $68.85 on Wednesday. 

Breaking news 
<ul>
<li> Fortran Corporation (OTC: <a class="ticker" href="/stock/frtn#OTC">FRTN</a>), a leading communications system integrator announced today that if has reached a definitive share exchange agreement on June 7th with CCI Telecom, Inc of Statesville, North Carolina.To read the full news, <a href=" http://www.benzinga.com/news/13/07/3730765/fortran-acquires-cci-telecom#ixzz2YAMJVrZK">click here. </a></li>
 
<li> First Manhattan Co. (“FMC”), an owner-managed and operated investment advisory firm and the owner of approximately 9.9 percent of the outstanding shares of VIVUS, Inc. (“Vivus”) (NASDAQ: <a class="ticker" href="/stock/vvus#NASDAQ">VVUS</a>), today announced that two leading proxy advisory firms, Institutional Shareholder Services Inc. ("ISS") and Egan Jones Proxy Services (“Egan Jones”) have recommended that Vivus stockholders vote for the election of FMC director nominees to the Vivus board of directors. To read the full news, <a href=" http://www.benzinga.com/news/13/07/3730724/iss-egan-jones-recommend-vivus-stockholders-vote-for-first-manhattans-board-nomin#ixzz2YAMnRhVA">click here.</a></li>
 
<li> Acacia Research Corporation (NASDAQ: <a class="ticker" href="/stock/actg#NASDAQ">ACTG</a>) announced today that its Brandywine Communications Technologies LLC subsidiary has entered into a settlement agreement with Grandstream Networks, Inc. To read the full news, <a href=" http://www.benzinga.com/news/13/07/3730722/acacia-subsidiary-enters-into-settlement-agreement-with-grandstream-networks#ixzz2YANPyaJ2">click here.</a></li>
 
<li> ReneSola (NYSE: <a class="ticker" href="/stock/sol#NYSE">SOL</a>) today announced its microinverter, Micro Replus, formally obtained certification in the United States, Canada, Australia, New Zealand, Germany, Denmark and the United Kingdom in the first half of this year. To read the full news, <a href=" http://www.benzinga.com/news/13/07/3730720/renesolas-micro-replus-inverters-certified-for-sale-in-us-uk-canada-australia-new#ixzz2YATJUD3Y">click here.</a></li>

</ul>

Fortran Corporation (OTC: <a class="ticker" href="/stock/frtn#OTC">FRTN</a>), a leading communications system integrator announced today that if has reached a definitive share exchange agreement on June 7th with CCI Telecom, Inc of Statesville, North Carolina. "The combined client mix of the companies coming together will allow us to cross fertilize our different product disciplines within our existing client databases. CCI has an excellent reputation in the industry, Fortune 500 clients we didn't already have and a solid proven business model," stated Doug Rink, Fortran Corp., President and CEO.

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