Universal

• BRIDGEVILLE, Pa., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that Christopher M. Zimmer, President and Chief Executive Officer, will present at the TD Cowen 45th Annual Aerospace/Defense & Industrials Conference at The Ritz-Carlton, Pentagon City, in Arlington, VA on Wednesday, February 14th, from 9:15 - 9:55 AM (Eastern).
• TD Cowen will host a live webcast of the Company’s presentation, which can be accessed at https://wsw.com/webcast/cowen153/usap/2031885 and in the investor relations section of the Universal Stainless website at www.univstainless.com.
• A replay of the event will be available on the Company’s website approximately three hours after the live event and accessible for ninety days.

• The Chinese-Australian academic and writer, Yang Hengjun, has been detained in China for five years on suspicion of spying for Australia.
• A secret trial was held in 2021 with no family, friends or Australian consular officials permitted in the courtroom.
• Today, his fate has finally been made clear: Yang received a suspended death sentence which can be commuted to life in prison after two years of good behaviour.

Yang’s background

• Yang was born in China and previously worked in the country’s Ministry of Foreign Affairs and Ministry of State Security.
• He later moved to Australia, where he became a citizen in 2002, and then to the US where had been a visiting scholar at Columbia University from 2017.
• Yang had been detained in China previously in 2011, but was quickly released ahead of a visit to China by then-Prime Minister Julia Gillard.

How frequently is the death penalty used in China?

• China has a notorious record of imposing the death penalty for a number of different offences.
• While there has been a downward trend in the number of countries that retain the death penalty and actually carry out executions, reliable data on China is impossible to attain.
• As such, Amnesty no longer includes any Chinese figures in its annual Global Death Penalty reports.

Does Yang have any rights left under international law?

• Yang can still appeal his sentence through the Chinese legal system, which effectively provides him with certain levels of protection until his appeals have been exhausted.
• Diplomatically, though, this would be a basis for Australia to continue to advocate for his release on humanitarian grounds.

Is there anything Australia can do for Yang now?

• This is significant as convictions for a capital offence in China are typically followed quickly by an execution.
• Yang’s Australian citizenship will have no doubt have been taken into account in this instance.
• Any formal efforts by Australia to provide Yang with diplomatic protection under international law are constrained while his legal case is still playing out.

Has China treated Yang with procedural fairness?

• Australia had very few options to ensure Yang was being afforded these rights in China.
• China has respected some of the minimum entitlements under this agreement, which has enabled consular staff to meet with Yang and monitor his wellbeing, though China restricted access during the peak periods of the COVID-19 lockdown.
• And as Amnesty International notes, China has not put forth any evidence to support its assertion that Yang was, indeed, a spy.

Donald Rothwell receives funding from Australian Research Council

• Extreme Networks, Inc. (“Extreme”) (Nasdaq: EXTR) today released financial results for its second quarter ended December 31, 2023.
• As a result, our distributors and partners have lowered inventory purchases, which we expect to accelerate in the third quarter.
• Kevin Rhodes, Executive Vice President and Chief Financial Officer, stated, "Despite lower revenue in the second quarter, we improved our gross margins and optimized our operating expenses to maintain a healthy operating margin profile during the quarter.
• In the third quarter, we expect higher sell-through than sell-in, which will have a more significant impact on our operating results.

• The 4000 Series cloud-managed switches, the latest addition to Extreme’s Universal portfolio, offer faster setup time by eliminating nearly all manual configurations.
• The AP5020 is built to support bandwidth-intensive, latency-sensitive applications and IoT devices, delivering improved user experiences and operational efficiency even in high-density environments.
• The AP5020 also offers PoE failover to ensure continued connectivity for mission-critical use cases like healthcare, manufacturing and education environments.
• Extreme recently introduced ExtremeCloud Universal ZTNA , the first network security offering to integrate network, application and device access security within a single solution.