DUNKIRK, N.Y., Dec. 03, 2024 (GLOBE NEWSWIRE) -- On December 3, 2024, Lake Shore Savings Bank ("Bank”), the wholly-owned federal savings bank subsidiary of Lake Shore Bancorp, Inc. ("Company”) received termination notice of the Consent Order by the Office of the Comptroller of the Currency ("OCC”), the Bank's primary federal regulator. The Consent Order required the Bank to correct deficiencies related to information technology, security, automated clearing house, audit, management, and Bank Secrecy Act / Anti-Money Laundering. In addition to the termination of the Consent Order, the OCC terminated the "Troubled Condition” status. "Our primary goal has been remediation of the operational issues identified by our primary regulator,” stated Kim C. Liddell, President, CEO, and Director. "The early lifting of the Consent Order by the OCC reflects the significant and speedy progress our team made. I am proud of the team and their continued focus on serving our customers and communities.” About Lake Shore Lake Shore Bancorp, Inc. (NASDAQ Global Market: LSBK) is the mid-tier holding company of Lake Shore Savings Bank, a federally chartered, community-oriented financial institution headquartered in Dunkirk, New York. The Bank has ten full-service branch locations in Western New York, including four in Chautauqua County and six in Erie County. The Bank offers a broad range of retail and commercial lending and deposit services. The Company's common stock is traded on the NASDAQ Global Market as "LSBK”. Additional information about the Company is available at www.lakeshoresavings.com . Safe-Harbor This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are based on current expectations, estimates and projections about the Company's and the Bank's industry, and management's beliefs and assumptions. Words such as anticipates, expects, intends, plans, believes, estimates and variations of such words and expressions are intended to identify forward-looking statements. Such statements reflect management's current views of future events and operations. These forward-looking statements are based on information currently available to the Company as of the date of this release. It is important to note that these forward-looking statements are not guarantees of future performance and involve and are subject to significant risks, contingencies, and uncertainties, many of which are difficult to predict and are generally beyond our control including, but not limited to, compliance with the Written Agreement with the Federal Reserve Bank of Philadelphia, data loss or other security breaches, including a breach of our operational or security systems, policies or procedures, including cyber-attacks on us or on our third party vendors or service providers, economic conditions, the effect of changes in monetary and fiscal policy, inflation, unanticipated changes in our liquidity position, climate change, geopolitical conflicts, public health issues, increased unemployment, deterioration in the credit quality of the loan portfolio and/or the value of the collateral securing repayment of loans, reduction in the value of investment securities, the cost and ability to attract and retain key employees, regulatory or legal developments, tax policy changes, dividend policy changes, and our ability to implement and execute our business plan and strategy and expand our operations. These factors should be considered in evaluating forward looking statements and undue reliance should not be placed on such statements, as our financial performance could differ materially due to various risks or uncertainties. We do not undertake to publicly update or revise our forward-looking statements if future changes make it clear that any projected results expressed or implied therein will not be realized. Source: Lake Shore Bancorp, Inc. Category: Financial Investor Relations/Media Contact Kim C. Liddell President, CEO, and Director Lake Shore Bancorp, Inc. 31 East Fourth Street Dunkirk, New York 14048 (716) 366-4070 ext. 1012Trump Encourages Hockey Legend Wayne Gretzky To Run For 'Governor' Of Canada After Joking About The Position With Justin Trudeau: 'You Would Win Easily'
NEW YORK , Dec. 15, 2024 /PRNewswire/ -- The global noise detection and monitoring market size is estimated to grow by USD 7.19 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 6.85% during the forecast period. The report provides a comprehensive forecast of key segments below- Segmentation Overview 1.1 Industrial 1.2 Commercial 2.1 Hardware 2.2 Software 3.1 North America 3.2 APAC 3.3 Europe 3.4 South America 3.5 Middle East and Africa Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: The global noise detection and monitoring market caters to various industries, with significant demand coming from manufacturing, oil and gas, mining, construction, and aerospace sectors. These industries employ large workforces engaged in noisy tasks, such as grinding, blasting, drilling, hammering, drop forging, and crushing, which can lead to hearing loss from prolonged exposure. Tools like drills, chainsaws, detonators, and pneumatics generate loud noises, necessitating regular monitoring of noise levels and provision of Personal Protective Equipment (PPE) for workers. The manufacturing industry, in particular, is a major contributor to the market due to its high-decibel environments. Vendors offer innovative solutions, such as Honeywell's in-ear dosimetry system, which measures noise at the eardrum and tracks potential hearing loss in real-time, ensuring regulatory compliance and worker safety. The growing demand for noise monitoring devices in industrial applications is expected to fuel market growth during the forecast period. Analyst Review The Noise Detection and Monitoring Market encompasses technologies and solutions designed to identify and manage noise levels in various environments. This market is driven by growing concerns over Environmental Impact and Occupational Safety, as urbanization increases the prevalence of noise pollution from machines, speakers, music systems, horns, and other devices. Smart City projects are also significant contributors, integrating noise monitoring systems to enhance liveability and promote Corporate Responsibility. Applications in Healthcare are essential, as prolonged exposure to noise emissions can lead to health issues. However, the Cost of Implementation and Integration Difficulties pose challenges. Limited Standardisation and Sampling method variations, as well as Precision type and Connectivity requirements, add complexity. Core competencies of key players include advanced algorithms, real-time data analysis, and user-friendly interfaces. Alliances and partnerships are crucial for market expansion and technological advancements. The Noise Monitoring Industry continues to evolve, addressing the needs of human health and wildlife protection. Market Overview The Noise Detection and Monitoring market encompasses solutions and technologies designed to measure and manage noise emissions, with applications in Environmental Impact, Occupational Safety, and Urbanization. Noise sources include machines, speakers, music systems, horns, and various devices. The market caters to both human health and wildlife, with solutions ranging from portable noise monitoring to permanent installations. Key drivers include rising sound pollution levels, smart city investments, and corporate responsibility. Challenges include cost of implementation, integration difficulties, and limited standardization. Components include hardware (sound level meters, wind noise suppressors) and software (artificial neural networks, sound analysis algorithms). Subsegments include building acoustics, sampling methods, precision types, connectivity solutions, and sound pollution monitoring systems. Applications extend to healthcare, where noise monitoring tools help mitigate negative impacts on human health, including heart diseases, cardiovascular problems, cognitive impairment, stress, diabetes, anxiety, and depression. Regulatory acts play a crucial role in market growth. Solutions offer real-time data transmission via WIFI or Ethernet, catering to commercial and residential sectors. Portable and battery-based devices enable short-term, medium-term, and long-term monitoring. Core competencies include advanced technology, customization, and user-friendly interfaces. Alliances, directories, and databases expand market reach. To understand more about this market- Download a FREE Sample Report in minutes! 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 11.1 Extech Instruments 11.2 Pulsar Instruments 11.3 3M Company 11.4 RION Co. Ltd 11.5 Bruel & Kjaer 11.6 Cirrus Research Plc 11.7Castle Group Ltd 11.8 Casella Inc. 11.9 SKF Group, Kimo Instrument 11.10 B &K Precision Corporation 11.11 ACOEM Group 11.12 Amphenol Corporation 11.13 Cesva Instruments S.L.U 11.14 Exair Corporation 11.15 Honeywell International Inc 11.16 Hottinger Bruel & Kjaer A/S 11.17 HT Italia S.r.l 11.18 MTS Systems Corporation 11.19 NTi Audio AG 11.20 PCE Deutschland GmbH. 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioSMU owns second half in win over LongwoodJimmy Carter, 39th US president, Nobel winner, dies at 100An own goal by RB Leipzig defender Castello Lukeba gave Inter a 1-0 home win in the Champions League on Tuesday as the Italian champions provisionally move top of the standings. ( More Football News ) Inter took the lead in the 27th minute after Lukeba turned the ball into Leipzig's own net following Federico Dimarco's free kick. They were able to shut down their opponents for the rest of the match as Leipzig only mustered an expected goals (xG) total of 0.25, compared to Inter's 1.08 xG. BY Stats Perform Unbeaten Inter top the table with 13 points from five games, one point above second-placed Barcelona - who beat Brest 3-0, having kicked off at the same time. Liverpool, who also sit one point behind Inter, host defending champions Real Madrid on Wednesday. Leipzig are still in search of their first points of the league phase after five consecutive losses in the competition. ANOTHER BIG WIN #ForzaInter #InterRBL #UCL pic.twitter.com/4ttb7pWpNQ Data Debrief: Inter hit a purple patch Considering the European Cup and Champions League, Inter have won four consecutive matches without ever conceding for the first time in their history (they collected a run of three in 1966-67 and 2009-10). They have won four consecutive Champions League games for the first time since a run of six in April 2010, when they went on to lift the trophy that season. The Italian outfit have also kept a clean sheet in five of their five games, more than any other in the Champions League.
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