Oyu Tolgoi to lift force majeure

VANCOUVER, BC—(Marketwired – February 28, 2018) – Turquoise Hill (NYSE: TRQ) (NASDAQ: TRQ) (TSX: TRQ) today announced that Oyu Tolgoi will lift force majeure notice to customers effective March 1, 2018. Safe and normal mine operations, including underground development, have been maintained and no production impact is expected. Turquoise Hill expects any force majeure–related sales impact to be made up over the next few quarters.

On January 17, 2018, Oyu Tolgoi declared force majeure in connection to customer contracts for concentrate due to protestors using a large number of vehicles to obstruct the main access road within China at the Ganqimaodu Border Zone. The main border crossing for goods and supplies remained open. The placement of protestors' vehicles prevented any traffic from safely traversing the border, both inbound and outbound.

On January 18, 2018, the blockade was lifted and the border reopened and on January 19, 2018, Oyu Tolgoi concentrate convoys recommenced crossing the border. Due to ongoing border congestion, a waiting period was required for border traffic to return to pre–blockade levels. In order to lift force majeure, a period of consistent convoy crossings was required reconfirming a stable concentrate supply chain.

Forward–looking statements
Forward–looking statements made herein, including statements relating to matters that are not historical facts and statements of the Company's beliefs, intentions and expectations about developments, results and events which will or may occur in the future, constitute “forward–looking information” within the meaning of applicable Canadian securities legislation and “forward–looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward–looking statements and information relate to future events or future performance, reflect current expectations or beliefs regarding future events and are typically identified by words such as “anticipate”, “could”, “should”, “expect”, “seek”, “may”, “intend”, “likely”, “plan”, “estimate”, “will”, “believe” and similar expressions suggesting future outcomes or statements regarding an outlook. These include, but are not limited to, statements respecting anticipated business activities, planned expenditures, corporate strategies, and other statements that are not historical facts.

Forward–looking statements and information are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such statements or information. There can be no assurance that such statements or information will prove to be accurate. Such statements and information are based on numerous assumptions regarding present and future business strategies, local and global economic conditions, and the environment in which the Company will operate in the future, including the price of copper, gold and silver, anticipated capital and operating costs, anticipated future production and cash flows, and the status of the Company's relationship and interaction with the Government of Mongolia on the continued development of Oyu Tolgoi and Oyu Tolgoi LLC internal governance. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward–looking statements and information include, among others, copper, gold and silver price volatility; discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries; development plans for processing resources; matters relating to proposed exploration or expansion; mining operational and development risks; litigation risks; regulatory restrictions (including environmental regulatory restrictions and liability); communications with local stakeholders and community relations; activities, actions or assessments by governmental authorities; events or circumstances that may affect the Company's ability to deliver its products in a timely manner; currency fluctuations; the speculative nature of mineral exploration; the global economic climate; dilution; share price volatility; competition; loss of key employees; additional funding requirements; capital and operating costs, including with respect to the development of additional deposits and processing facilities; and defective title to mineral claims or property. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward–looking statements and information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. All such forward–looking statements and information are based on certain assumptions and analyses made by the Company's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward–looking statements or information.

Readers are cautioned not to place undue reliance on forward–looking information or statements. By their nature, forward–looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, which contribute to the possibility that the predicted outcomes will not occur. Events or circumstances could cause the Company's actual results to differ materially from those estimated or projected and expressed in, or implied by, these forward–looking statements. Important factors that could cause actual results to differ from these forward–looking statements are included in the “Risk Factors” section in the Company's Annual Information Form dated as of March 23, 2017 in respect of the year ended December 31, 2016 (the “AIF”).

Readers are further cautioned that the list of factors enumerated in the “Risk Factors” section of the AIF that may affect future results is not exhaustive. When relying on the Company's forward–looking statements and information to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.

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Oyu Tolgoi to lift force majeure

VANCOUVER, BC—(Marketwired – February 28, 2018) – Turquoise Hill (NYSE: TRQ) (NASDAQ: TRQ) (TSX: TRQ) today announced that Oyu Tolgoi will lift force majeure notice to customers effective March 1, 2018. Safe and normal mine operations, including underground development, have been maintained and no production impact is expected. Turquoise Hill expects any force majeure–related sales impact to be made up over the next few quarters.

On January 17, 2018, Oyu Tolgoi declared force majeure in connection to customer contracts for concentrate due to protestors using a large number of vehicles to obstruct the main access road within China at the Ganqimaodu Border Zone. The main border crossing for goods and supplies remained open. The placement of protestors' vehicles prevented any traffic from safely traversing the border, both inbound and outbound.

On January 18, 2018, the blockade was lifted and the border reopened and on January 19, 2018, Oyu Tolgoi concentrate convoys recommenced crossing the border. Due to ongoing border congestion, a waiting period was required for border traffic to return to pre–blockade levels. In order to lift force majeure, a period of consistent convoy crossings was required reconfirming a stable concentrate supply chain.

Forward–looking statements
Forward–looking statements made herein, including statements relating to matters that are not historical facts and statements of the Company's beliefs, intentions and expectations about developments, results and events which will or may occur in the future, constitute “forward–looking information” within the meaning of applicable Canadian securities legislation and “forward–looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward–looking statements and information relate to future events or future performance, reflect current expectations or beliefs regarding future events and are typically identified by words such as “anticipate”, “could”, “should”, “expect”, “seek”, “may”, “intend”, “likely”, “plan”, “estimate”, “will”, “believe” and similar expressions suggesting future outcomes or statements regarding an outlook. These include, but are not limited to, statements respecting anticipated business activities, planned expenditures, corporate strategies, and other statements that are not historical facts.

Forward–looking statements and information are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such statements or information. There can be no assurance that such statements or information will prove to be accurate. Such statements and information are based on numerous assumptions regarding present and future business strategies, local and global economic conditions, and the environment in which the Company will operate in the future, including the price of copper, gold and silver, anticipated capital and operating costs, anticipated future production and cash flows, and the status of the Company's relationship and interaction with the Government of Mongolia on the continued development of Oyu Tolgoi and Oyu Tolgoi LLC internal governance. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward–looking statements and information include, among others, copper, gold and silver price volatility; discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries; development plans for processing resources; matters relating to proposed exploration or expansion; mining operational and development risks; litigation risks; regulatory restrictions (including environmental regulatory restrictions and liability); communications with local stakeholders and community relations; activities, actions or assessments by governmental authorities; events or circumstances that may affect the Company's ability to deliver its products in a timely manner; currency fluctuations; the speculative nature of mineral exploration; the global economic climate; dilution; share price volatility; competition; loss of key employees; additional funding requirements; capital and operating costs, including with respect to the development of additional deposits and processing facilities; and defective title to mineral claims or property. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward–looking statements and information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. All such forward–looking statements and information are based on certain assumptions and analyses made by the Company's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward–looking statements or information.

Readers are cautioned not to place undue reliance on forward–looking information or statements. By their nature, forward–looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, which contribute to the possibility that the predicted outcomes will not occur. Events or circumstances could cause the Company's actual results to differ materially from those estimated or projected and expressed in, or implied by, these forward–looking statements. Important factors that could cause actual results to differ from these forward–looking statements are included in the “Risk Factors” section in the Company's Annual Information Form dated as of March 23, 2017 in respect of the year ended December 31, 2016 (the “AIF”).

Readers are further cautioned that the list of factors enumerated in the “Risk Factors” section of the AIF that may affect future results is not exhaustive. When relying on the Company's forward–looking statements and information to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.

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Leading Independent Proxy Advisory Firms Recommend Primero Shareholders Vote in Favour of Proposed Arrangement

TORONTO, ON—(Marketwired – February 28, 2018) – Primero Mining Corp. (“Primero” or the “Company”) (TSX: P) announced today that Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co., LLC (“Glass Lewis”), two leading proxy advisory firms, have recommended that Primero shareholders vote FOR the plan of arrangement (the “Transaction”) whereby First Majestic Silver Corp. (“First Majestic”) will acquire all of the issued and outstanding common shares of Primero, at their special meeting of shareholders to be held on March 13, 2018.

ISS and Glass Lewis cited the sound strategic and financial rationale in recommending Primero shareholders vote in favour of the Transaction.

Attention Primero Shareholders

Primero shareholders are reminded to vote their proxy before 9:00 a.m. (Eastern time), on Friday, March 9, 2018. Primero's board of directors has unanimously recommended that their shareholders vote IN FAVOUR of the proposed Transaction.

For more information and assistance in voting your proxy, please contact Laurel Hill Advisory Group, at:

  • North America toll–free: 1–877–452–7184
  • Local and international: 416–304–0211

About Primero

Primero Mining Corp. is a Canadian–based precious metals producer that owns 100% of the San Dimas gold–silver mine in Mexico. Primero's website is www.primeromining.com.

FORWARD–LOOKING STATEMENTS

This news release contains forward–looking information under applicable Canadian securities laws (“forward–looking statements”), which may include, without limitation, the current expectations of management of Primero, ISS and Glass Lewis regarding the Transaction and its consummation, including whether conditions to the consummation of the Transaction will be satisfied, the timing for the special meeting, the final approval of the Transaction from the Supreme Court of British Columbia and the timing for completing the Transaction. The forward–looking statements are based on the beliefs of management and reflect Primero's current expectations. When used in this news release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may”, “will” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward–looking statements. Such statements reflect the current view of Primero. Completion of the Transaction is subject to a number of conditions which are typical for transactions of this nature. Failure to satisfy any of these conditions, the emergence of a superior proposal or the failure to obtain the approval of the shareholders of Primero, as well as court approval, may result in the termination of the Transaction.

By their nature, forward–looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward–looking statements. Forward–looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made, and Primero undertakes no obligation to update forward–looking statements (unless required by law) if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward–looking statements.

Primero has also assumed that the material factors and assumptions will not cause any forward–looking statements to differ materially from actual results or events. However, the list of these factors and assumptions is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

Attachment Available: http://www.marketwire.com/library/MwGo/2018/2/28/11G150076/PR4–18_Proxy_Advisory_Positive_Final–2404049a960c837685794b04a931a1d1.pdf

Align Technology Rejects SmileDirectClub Claim That Invisalign Store Pilot Constitutes Breach of Non-Compete and Confidentiality Provisions

SAN JOSE, CA—(Marketwired – February 28, 2018) – Align Technology, Inc. (NASDAQ: ALGN) today announced that it included the following disclosure in its Form 10–K for the year ended December 31, 2017. Align is currently evaluating the potential impact that this could have on our consolidated financial statements; however, Align does not anticipate this matter to impact its expected volumes and revenues from SmileDirectClub (SDC) for 2018.

In February 2018, we received a communication on behalf of SDC Financial LLC, SmileDirectClub LLC, and the Members of SDC Financial LLC other than Align (collectively, the “SDC Entities”) alleging that the launch and operation of our Invisalign store pilot program constitutes a breach of non–compete provisions applicable to the members of SDC Financial LLC, including Align. As a result of this alleged breach, SDC Financial LLC has notified Align that its members (other than Align) seek to exercise a right to repurchase all of Align's SDC Financial LLC membership interests for a purchase price equal to the current capital account balance of Align. The SDC Entities also allege that Align has breached confidentiality provisions applicable to the SDC Financial LLC members and demands that Align cease all activities related to the Invisalign store pilot project, close existing Invisalign stores and cease using SDC's confidential information. Align disputes the allegations that it has breached its obligations to the SDC Entities, including the allegation that the SDC Entities are entitled to exercise a repurchase right. Pursuant to the parties' agreement, the dispute will be arbitrated if it is not resolved through negotiations.

Commenting on today's filing, Align Technology President and CEO Joe Hogan said, “We are surprised that SmileDirectClub (SDC) has asserted that the launch of our Invisalign pilot stores violates our non–compete or confidentiality agreements with SDC. The Invisalign pilot store is the evolution of years of Invisalign consumer marketing designed to connect interested consumers with Invisalign doctor–led offices for treatment. Align has consistently acted in good faith and will work to resolve these allegations as quickly as possible. This dispute does not impact Align's existing supply agreement with SDC which remains in place through 2019 and includes a minimum volume commitment. We are currently evaluating the potential impact that this could have on our consolidated financial statements and we do not anticipate this matter to impact expected volumes and revenues from SDC for 2018. Align will continue to operate its Invisalign store pilot program, which includes a pilot store in San Francisco and a new pilot store that opened in San Jose, California last week.”

Forward Looking Statement:
This release may contain forward–looking statements based on Align Technology's current expectations. These forward–looking statements involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward–looking statements. These factors include, uncertainties involved in any contract dispute resolution and the possibility of Align choosing to settle the litigation for business or other reasons. These factors, as well as other factors that could cause actual results to differ materially, are discussed in more detail in Align Technology's Annual Report on Form 10–K for the year ended December 31, 2017, filed with the Securities and Exchange Commission on February 28, 2018, as well as in other reports and documents filed from time to time with the Securities and Exchange Commission.

About Align Technology, Inc.
Align Technology designs and manufactures the Invisalign® system, the most advanced clear aligner system in the world, and iTero® intraoral scanners and services. Align's products help dental professionals achieve the clinical results they expect and deliver effective, cutting–edge dental options to their patients. Visit www.aligntech.com for more information.

For additional information about the Invisalign system or to find an Invisalign provider in your area, please visit www.invisalign.com. For additional information about iTero digital scanning system, please visit www.itero.com.

Avaya to Highlight the Value of the Digitally Transformed Business at Enterprise Connect 2018

SANTA CLARA, CA—(Marketwired – February 28, 2018) – Avaya Holdings Corp. (NYSE: AVYA) today announced plans to lay out at Enterprise Connect 2018 how businesses can leverage digital transformation strategies by connecting their entire enterprise ecosystems using the latest unified communications (CC) and contact center(CC) solutions offered by Avaya. These solutions can be easily and quickly implemented and integrated for customers with their preferred deployment model, whether cloud, hybrid or on–premises.

At Enterprise Connect, Avaya will present specific use cases in a number of industry verticals that makes tangible how customers can drive business improvement by leveraging UC/CC solutions in the context of digital transformation. Avaya is a Diamond sponsor of Enterprise Connect, a leading conference and exhibition for enterprise communications that will be held March 12–15 at the Gaylord Palms Resort and Convention Center, Orlando, FL.

Avaya executives and associates will participate in a number of speaking sessions, including a featured, industry vision address given by Laurent Philonenko, Avaya SVP and GM for Solutions and Technologies. Laurent will discuss how Avaya is uniquely qualified to help companies address the UC and CC opportunities that arise from mobility, automation, machine learning and cloud adoption within a single platform to achieve better business outcomes.

“Most companies are already in some stage of digital transformation even as new technologies come onto the scene that can offer significant benefits to the business, customers and employees. As a result of today's flexible, customizable and open platforms that are built for speed–of–innovation and personalization, we have finally reached the point in time when the same applications used to provide excellent customer experiences can be used to provide excellent employee collaboration experiences. Specifically, it is with an open platform that the value of mobility, automation, artificial intelligence, and cloud can be realized throughout the entire enterprise to accommodate changing business priorities and keep them ahead of the market,” said Philonenko.

In addition, Mercer Rowe, SVP and GM of Cloud Services for Avaya, will participate in the “Contact Center Executive Forum: The Cloud and Beyond,” on the opening day of the show. For a full schedule of Avaya subject matter experts participating in conference sessions, please see below.

Avaya is also a co–sponsor of the TADhack Hackathon, a pre–show event that will enable developers to have hands on experience with communications APIs, UCaaS, CCaaS, and UC&C. Attendees will experience first–hand what is possible through vendor technology and build skills in programmable communications. The Hackathon will be held at the Valencia College Collaborative Design Center. Attendees will use sponsor developer resources and technology in order to create APIs that are aimed at solve a business issue. Conference attendees will be able to meet the TADhack winners in a session held Monday afternoon during Enterprise Connect.

In Booth 1918 on the Enterprise Connect exhibit floor, Avaya will demo UC cloud–based solutions for powering efficient collaboration in verticals such as healthcare, hospitality, and public safety and more across mobile devices, browser–based clients and desktops. In addition, booth guests will be able to see demonstrations of Avaya's new, omni–channel contact center tools and capabilities branded Oceana.

The Avaya Innovation Lounge (located at Orange Blossom Ballroom) will provide guests a look at what's next for the connected world of business by allowing customers and partners to interact with Avaya demos as well as talk with Avaya's developers who are focused on rolling out new solutions incorporating artificial intelligence (AI), machine learning, automation, IoT, mobile cloud technologies for vertical industries. Customers and partners wishing to visit the Lounge should contact their Avaya account representatives to pre–register for admission.

Schedule of Avaya appearances and Sponsored Events

Saturday–Sunday, March 10–11

Monday, March 12

  • Core Communications 2021: From Call Control to Digital Transformation” – Tim Gogal, 8:00–8:45am, Sun A
  • “Decision Factors in Choosing a UCaaS Provider” – Karen Hardy, 8:00–8:45am, Sun B
  • “Executive Forum: The Cloud and Beyond” – Mercer Rowe, 3:15–4:00pm, Osceola A
  • “Meet the TADHack Winners” – 3:15–4:00 pm, Osceola B

Tuesday, March 13

  • Market Leaders, Tuesday, March 13, Steve Forcum, 2:00–2:20pm, Market Leaders Theater in Expo

Wednesday, March 14

  • “Industry Vision Address”, Laurent Philonenko, 9:40–10:00am, Osceola C
  • “E–911: Proactive Strategies for Success”, Mark Fletcher, 3:00–3:45pm, Osceola A
  • “Building Your UC Developer Community”, Eric Rossman, 4:00–4:45pm, Sun B

Thursday, March 15

  • “Resiliency, Disaster Recovery & Emergency Communications: New Threats, New Ways to Prepare”, Jean Turgeon, 10:15–11:15am, Sun A

About Avaya
Avaya is a global leader in digital communications software, services and devices for businesses of all sizes. Our open, intelligent and customizable solutions for contact centers and unified communications offer the flexibility of Cloud, on–premises and hybrid deployments. Avaya shapes intelligent connections and creates seamless communication experiences for our customers, and their customers. Our professional planning, support and management services teams help optimize solutions, for highly reliable and efficient deployments. Avaya Holdings Corp. is traded on the NYSE under the ticker AVYA. For more information, please visit www.avaya.com

Cautionary Note Regarding Forward–Looking Statements

This document contains certain “forward–looking statements.” All statements other than statements of historical fact are “forward–looking” statements for purposes of the U.S. federal and state securities laws. These statements may be identified by the use of forward looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “our vision,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative thereof or other variations thereof or comparable terminology and include, but are not limited to, expected feature releases, statements about future products, expected revenue results and estimated fresh start accounting adjustments to revenue. The company has based these forward–looking statements on its current expectations, assumptions, estimates and projections. While the company believes these expectations, assumptions, estimates and projections are reasonable, such forward–looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These factors are discussed in the company's Registration Statement on Form 10 filed with the Securities and Exchange Commission (the “SEC”), may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward–looking statements. For a further list and description of such risks and uncertainties, please refer to the company's filings with the SEC that are available at www.sec.gov. The company cautions you that the list of important factors included in the company's SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward–looking statements contained in this report may not in fact occur. The company undertakes no obligation to publicly update or revise any forward–looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

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Source: Avaya Newsroom