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08:01aExela Technologies Announces New Chief Technology Officer
05/23EXELA TECHNOLOGIES, INC. : Other Events, Financial Statements and Exhibits (form 8-K)
05/19EXELA TECHNOLOGIES : Material Definitive Agreement - Form 8-K
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Exela Expands Mastercard Relationship in Europe

01/12/2022 | 08:01am EDT

IRVING, Texas, Jan. 12, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA) today announced it has expanded an existing relationship with Mastercard in the EMEA region to support the automation of Giro payments and processing in Norway utilizing Exela’s XBP platform.

Exela will develop and deploy a new, innovative solution using optical/intelligent character reading to automate the content extraction of payment documents in the Brevgiro service in Norway. As part of this solution Exela will also provide automated signature verification of payment transactions. This solution will be used to process over 11 million Giro payments in Norway.

“We are proud to continue developing our partnership with Mastercard and look forward to servicing the entire Norwegian Giro payments market,” said Vitalie Robu, president of Exela EMEA, adding “this solution is part of our global XBP rollout.”

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The information posted on the Company's website and/or via its social media accounts may be deemed material to investors. Accordingly, investors, media and others interested in the Company should monitor the Company's website and its social media accounts in addition to the Company's press releases, SEC filings and public conference calls and webcasts.

About Exela Technologies

Exela Technologies is a business process automation (BPA) leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and end-user experience. With decades of experience operating mission-critical processes, Exela serves a growing roster of more than 4,000 customers throughout 50 countries, including over 60% of the Fortune® 100. Utilizing foundational technologies spanning information management, workflow automation, and integrated communications, Exela’s software and services include multi-industry, departmental solution suites addressing finance and accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and the public sector. Through cloud-enabled platforms, built on a configurable stack of automation modules, and over 17,500 employees operating in 23 countries, Exela rapidly deploys integrated technology and operations as an end-to-end digital journey partner.

Forward-Looking Statements

Certain statements included in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "may", "should", "would", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential", "seem", "seek", "continue", "future", "will", "expect", "outlook" or other similar words, phrases or expressions. These forward-looking statements include statements regarding our industry, future events, estimated or anticipated future results and benefits, future opportunities for Exela, and other statements that are not historical facts. These statements are based on the current expectations of Exela management and are not predictions of actual performance. These statements are subject to a number of risks and uncertainties, including without limitation those discussed under the heading "Risk Factors" in Exela's Annual Report and other securities filings. In addition, forward-looking statements provide Exela's expectations, plans or forecasts of future events and views as of the date of this communication. Exela anticipates that subsequent events and developments will cause Exela's assessments to change. These forward-looking statements should not be relied upon as representing Exela's assessments as of any date subsequent to the date of this press release.

Investor and/or Media Contacts:

Vincent Kondaveeti

E: vincent.kondaveeti@exelatech.com

Mary Beth Benjamin

E: IR@exelatech.com

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Source: Exela Technologies, Inc.

2022 GlobeNewswire, Inc., source Press Releases

08:01aExela Technologies Announces New Chief Technology Officer
05/23EXELA TECHNOLOGIES, INC. : Other Events, Financial Statements and Exhibits (form 8-K)
05/19EXELA TECHNOLOGIES : Material Definitive Agreement - Form 8-K
05/19EXELA TECHNOLOGIES, INC. : Entry into a Material Definitive Agreement, Change in Directors..
05/19Ronald Cogburn Steps Down as Chief Executive Officer of Exela Technologies, Inc
05/17Exela Technologies Announces Successful Completion of Exchange Offer for Shares of Comm..
05/12EXELA TECHNOLOGIES, INC. : Results of Operations and Financial Condition, Other Events, Fi..
05/12Exela Technologies Issues Reminder of the Timing of the Pending Exchange Offer
05/11Exela Technologies Wins $2.5 Million Contract From Austria's National Railway Company O..
05/11Exela Technologies Announces a 5-Year contract with ÖBB, Austria's National Railway Com..
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Financials (USD)
Sales 2022 1 160 M - -
Net income 2022 -141 M - -
Net Debt 2022 1 077 M - -
P/E ratio 2022 -0,80x
Yield 2022 -
Capitalization 97,2 M 97,2 M -
EV / Sales 2022 1,01x
EV / Sales 2023 0,97x
Nbr of Employees 17 000
Free-Float 95,7%
Duration : Period :
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Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 0,22 $
Average target price 1,18 $
Spread / Average Target 434%
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Managers and Directors
Suresh Yannamani President
Shrikant Sortur Chief Financial Officer
Parvinder S. Chadha Executive Chairman
John H. Rexford Independent Director
Martin P. Akins Independent Director
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