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Ocean Power Technologies secures key deal for WAM-V USV's in Latin America

Ocean Power Technologies Inc

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to share exciting news regarding the company's latest commercial milestone. Ocean Power Technologies has announced the largest quantity order in its history, signifying a significant achievement for the company. A valued customer operating in the offshore energy service industry in Latin America has placed purchase orders for multiple WAM-V USVs (Wave Energy Marine Vehicles), representing a substantial investment totaling over $1.5 million. This milestone underscores OPT’s continued expansion in the region and highlights the growing demand for its innovative solutions. Stratmann explained to Proactive that the WAM-V USVs will be deployed in hydrographic applications, leveraging their adaptability and reliability to provide the customer with a versatile multi-application solution. This landmark order not only demonstrates the effectiveness of OPT's technology but also solidifies the company's position as a leader in the marine robotics industry. By delivering unrivaled solutions that redefine possibilities in marine robotics, OPT is poised to meet the evolving needs of its customers and drive growth in the region. The significance of this order extends beyond its monetary value, marking a pivotal moment for Ocean Power Technologies. It showcases the company's commitment to delivering innovative solutions that address the unique challenges of the offshore energy sector. OPT's ability to secure this substantial order underscores its reputation for excellence and positions it for further success in the dynamic Latin American market. In summary, the largest quantity order in Ocean Power Technologies' history represents a significant milestone for the company, highlighting its continued growth and success in the marine robotics industry. With a focus on delivering unparalleled solutions and driving innovation, OPT is well-positioned to capitalize on emerging opportunities and solidify its position as a leader in the field. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 27, 2024 12:30 PM Eastern Daylight Time

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Timothy Applegate Elected as Board Chair Elect for National Contract Management Association

National Contract Management Association

The National Contract Management Association (NCMA), dedicated to advancing the contract management profession, proudly announces the appointment of Timothy Applegate as its Board Chair for Program Year 2026, that begins July 1, 2025. A retired Colonel in the United States Air Force, Mr. Applegate brings over 36 years of acquisition and contracting expertise to the role. Mr. Applegate is currently a distinguished member of the Senior Executive Service and Director of the Acquisition Management and Integration Center at Headquarters Air Combat Command (ACC), where he is responsible for overseeing a total acquisition portfolio exceeding $20 billion. A devoted member of NCMA since 1992, an NCMA Certified Professional Contract Manager™ (CPCM™) certificant, Board Member (2018- 2021 and 2023-2024), and Board Advisor (2021-2022), Mr. Applegate is a dedicated and long-standing champion of NCMA and the role it plays in the advancement of the contract management profession. "It is a privilege to serve alongside such esteemed colleagues and I look forward to working with the NCMA's dedicated members and partners,” said Mr. Applegate. Kraig Conrad, CEO of NCMA, added, "Tim's wealth of experience and expertise is truly invaluable to meet our strategic objectives. Over the past six years, he has been instrumental in fostering the growth and evolution of our association through his dedicated service. I am eager to collaborate with him to advance our Common Language Initiative and expand our partnerships to elevate the profession with international standards.” With Mr. Applegate assuming the role of Board Chair-Elect, NCMA is poised to further enhance its programs and standards, ensuring that practitioners receive unparalleled support and opportunities for professional development and certification. The entire NCMA community eagerly looks forward to the transformative leadership that Mr. Applegate will bring to the organization. The National Contract Management Association (NCMA) – www.ncmahq.org – has grown as a professional society whose mission is to collaborate towards a globally recognized contract management profession that strengthens its nexus with related acquisition communities. Serving approximately 20,000 members in both the public and private sectors, NCMA propels the growth, advancement, and impact of practitioners through a steadfast commitment to serve through the open exchange of ideas in neutral forums. Contact Details National Contract Management Assocation Holly DeHesa +1 281-865-3296 holly.dehesa@ncmahq.org Company Website https://www.ncmahq.org

March 26, 2024 06:25 PM Eastern Daylight Time

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Ryvid introduces fresh new Colorways and Accessories for Anthem Electric Motorcycle, plus new Financing options

Ryvid, Inc

Following last month’s announcement of a complete 3D parts catalog available to owners of the American-built Ryvid Anthem electric motorcycle, the California-based company is continuing to expand at a phenomenal rate. The month of March is filled to the brim with announcements, headlined by two new colors for the 2024 Ryvid Anthem, including the distinctive Photon Blue and Plasma Yellow. These colorways join the existing line up of Galactica Black, Rapid White, Carbon Grey and Atomic Gold, expanding customer choice to six desirable colors. And thanks to the 3D Parts Catalog at ryvid.com, existing Anthem owners will be able to purchase body panels in the latest colors or even mix and match. The vibrant new Photon Blue and Plasma Yellow are perfect for the Spring and Summer, helping to ensure the clean lines of the Ryvid Anthem really stand out. ACCESSORIES Another new Ryvid initiative is its Accessories range, which will enable owners to personalize and customize their Anthem. As a special incentive for new owners, Ryvid is offering a $350 Accessories Bundle Credit for anyone purchasing an Anthem before April 15, 2024, allowing the new Accessories to be supplied with the bike. The Accessories are intended to make the electric motorcycle more convenient for users, providing a frequently-requested cargo rack, for example, which can carry up to 25 lb. The rack takes advantage of the threaded holes in every Anthem frame, which were always intended to fulfil this function. Other useful Accessories include a phone mount, Level 2 charging adapter, and helmet lock. Owners can also choose to change the color of their Anthem seat and bodywork or order a replacement battery. The full list of new Ryvid Accessories includes the following: Anthem Rear Rack - $195 Handlebar Phone mount - $55 Anthem Charging Cable 110V - $25 Anthem Charging Cable 220V - $40 Level 2 J-plug Charging Adapter - $95 Anthem 4.3 kWh Battery Pack with Integrated Fast Charger - $3995 Anthem Seat (4 color options) - $250 Helmet Cable Lock - $35 Power Controller Upgraded by ASI - $995 The high-performance Power Controller Upgrade by ASI is a simple plug-n-play swap, allowing Anthem owners can enjoy a 30% increase in acceleration without sacrificing range. The ASI Controller Kit includes a wiring harness that plugs straight into the Anthem. DIY installation instructions are available for new and existing Anthem motorcycles. Customers who order the ASI Controller with a new Anthem will only pay a discounted $800 for the controller once it’s ready to ship in April. FINANCE PLANS By popular demand, Ryvid has partnered with FreedomRoad Financial to offer competitive rates and extended term financing options. To see if an applicant qualifies, they simply click the “I Want to Finance” option on the Anthem page at ryvid.com and a member of the Lightning Squad will walk them through the process. The introduction of the new San Bernardino, CA factory facility has led to faster production schedules. This has not only allowed the company to ship the Anthem within four weeks of order completion, but customers can now select from four shipping options. This includes California collection and expedites national delivery to ensure new customers are enjoying the Anthem Electric as soon as possible. At the point of purchase, all California residents will pay tax and registration prior to shipping, ensuring their Anthem is ready to go upon arrival. Residents of all other states will pay the applicable tax and registration at their local DMV. SHOWS, DEMOS & MODEL LAUNCH At the Mama Tried motorcycle show in Milwaukee, WI in February, Ryvid was not only an event sponsor but supported the entry of a modified Anthem by Thor Drake from SeeSee Motorcycles. Competing in the Ryvid-sponsored EV class race, he placed third after an exciting battle. Additionally, Ryvid displayed the Anthem and provided demo rides to show attendees. Looking forward to April 19-21, Ryvid will be a title sponsor of The One Motorcycle Show in Portland, OR. There are big plans for this community event, which will again see the Anthem on display and available for demo rides. As a custom motorcycle show, many customized Anthems will also be on display for the first time, inspiring current and future owners. However, the major news is that Ryvid will debut its brand-new electric motorcycle at The One Moto Show, giving visitors and attending media the chance to see this exciting new model in the flesh for the very first time. More details will be revealed next month, but the groundbreaking concept will offer a revolutionary approach to motorcycle design, purchasing and customization. We can’t wait to reveal it to everybody at The One Moto Show and beyond. EDITOR’S NOTE Images of the new colorways and Accessories are available here: dropbox.com/scl/fo/17vu3pgnzq8lhj39h90tn/h?rlkey=j8r5h2tzgp810zfbm6fvfhxhi&dl=0 ABOUT RYVID Ryvid is a cutting-edge manufacturing corporation in the high-growth field of Electric Light Vehicles. Founded by enthusiasts, engineered by innovators, and designed by aerospace industry gearheads, Ryvid’s mission is to create more sustainable and enjoyable personal mobility. The company name was derived by the merging of Rhythm and Avid; elements of motion and emotion that define the experience of using our products. With its first product – the Anthem – Ryvid produced a revolutionary, lightweight, affordable electric motorcycle with a significantly lower carbon footprint than its competitors. With the same innovation to be applied to upcoming models and variants, Ryvid is poised to revolutionize urban commuting. Ryvid products are designed and assembled in the United States. For further information, please visit ryvid.com. The Ryvid Anthem is now available to reserve for delivery at $8,995 Contact Details Greg Emmerson greg@theidagency.com Company Website https://ryvid.com/

March 26, 2024 06:55 AM Pacific Daylight Time

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Classiq Advances the HPC Quantum Computing Stack by Integrating Classiq’s Engine with NVIDIA CUDA-Q

Classiq Technologies

Classiq, a leader in quantum computing software, today announced it is integrating Classiq’s software with the NVIDIA CUDA-Q platform, which was announced by NVIDIA at its GTC conference last week. This integration facilitates a streamlined process for researchers working with CUDA-Q to generate, analyze and execute quantum circuits. It supports a wide range of quantum applications, including simulations and machine learning. The Classiq true compilation technology enables quantum circuit synthesis that automates the implementation of quantum programs. This capability enables the development process for quantum software and ensures that the generated programs are finely tuned for execution on a broad range of quantum hardware, as well as NVIDIA GPUs. Previously, NVIDIA, Rolls Royce and Classiq demonstrated a breakthrough in quantum computational fluid dynamics (CFD) by designing and simulating the largest quantum program to date. Classiq also launched a Quantum Computing for Life Sciences & Healthcare Center in collaboration with NVIDIA. “Classiq’s technology lies at the heart of quantum computing and provides a powerful conduit between high-performance computing (HPC) users and quantum computing implementation,” said Nir Minerbi, CEO of Classiq. “We’re well-known for our popular quantum development platform, and this integration demonstrates Classiq’s focus on ensuring today’s CUDA-Q and HPC users benefit from seamless access to automatic production of optimized quantum and hybrid quantum-classical algorithms.” Classiq is leveraging its technology to bridge HPC and quantum computation. From simulation to deploying hybrid quantum-classical algorithms to enhanced data processing, this convergence is accelerating as the two advanced computation sectors grow closer. Classiq provides the ideal combination of libraries, functions and automation to support this hybrid HPC-quantum computation space. HPC and quantum computing are increasingly connected through the deployment of hybrid algorithms, co-location of hardware and an emerging talent pool of expert hybrid developers. Classiq makes quantum computing tools more accessible to the global research community, addressing the need to tackle complex problems across various domains such as healthcare, materials science, engineering and finance. Meet Classiq next at the International Supercomputing 2024 conference running May 12-16th in Hamburg, Germany. About Classiq Classiq Technologies, the leading quantum software company, provides an all-encompassing platform (IDE, compiler and OS) with a single point of entry into quantum computing, taking users from algorithm design to execution. The high-level descriptive quantum software development environment, tailored to all levels of developer proficiency, automates quantum programming. This ensures that a broad range of talents, including those with backgrounds in AI, ML and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of quantum physics. Classiq democratizes access to quantum computing and equips its users to take full advantage of the quantum computing revolution, including access to a broad range of quantum hardware. Classiq’s core technology, algorithmic quantum circuit compilation, is engineered to power the quantum ecosystem of today and the future. Classiq works closely with quantum cloud providers and advanced computation hardware developers providing software for use with quantum computers, HPC and quantum simulators. Backed by powerful investors such as HPE, HSBC, Samsung, Intesa Sanpaolo and NTT, Classiq’s world-class team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking software development platform. Follow Classiq on LinkedIn, X (formerly Twitter) or YouTube, join the Slack community, or try the Classiq platform. Contact Details Rainier Communications Michelle Allard McMahon +1 781-718-3248 classiqPR@rainierco.com Company Website http://www.classiq.io/

March 26, 2024 08:00 AM Eastern Daylight Time

NAVEX 2024 Global Incident Management Benchmark Study Reveals Significant Third-Party Reporting to Companies

NAVEX Global

NAVEX, the global leader in integrated risk and compliance management software, has released its 2024 Whistleblowing & Incident Management Benchmark Report. The annual benchmark report offers valuable insights into workplace culture, analyzing trends from 1.86 million global reports spanning thousands of organizations that together employ more than 50 million employees. Amid a record number of tips to the SEC and a burgeoning DOJ whistleblowing program, NAVEX’s comprehensive analysis sheds a critical light on the state of workplace environments worldwide, guiding organizations toward program improvement. "NAVEX remains the gold standard in risk and compliance data analytics, continually innovating our benchmarks to enhance corporate compliance programs and offer business leaders insights into the trending risk areas for their organizations," says NAVEX Chief Risk and Compliance Officer Carrie Penman. "This year's report introduces crucial third-party reporting insights, highlighting an organization’s need to adopt internal and external reporting avenues to bolster integrity, foster accountability and equip the organization to tackle emerging challenges effectively.” This year’s analysis of the data revealed several key themes and notable findings, including: Report volume and case substantiation reach milestones. Internal reporting programs saw a record level of use as measured by NAVEX’s Reports per 100 Employees metric. In addition, the Substantiation Rate metric reached an all-time high, meaning more reports were received and more were found to be true. Report volume, and the substantiation rates of the reports received, are two of the most highly watched metrics in the annual NAVEX publication. To see both reach the highest levels ever is good news. For those with trusted and effective internal reporting programs, this added up to greater visibility into the trends of risk, ethics and culture playing out in their organizations’ operations – real-time intelligence to inform business decision-making. In 2023, organizations received a median 1.57 Reports per 100 Employees across their internal reporting systems, exceeding the previous record of 1.47 set in 2022. More organizations (23%) received five or more Reports per 100 Employees, making this population the largest in the NAVEX data set. And while year-over-year values fluctuated, every size of organization – from the smallest companies to enterprises with over 100,000 employees – has seen report volumes rise comparing 2021 and 2023. At 45%, the overall median share of substantiated or founded reports in 2023 reached an 11-year high. Third parties more likely to report business integrity and financial misconduct issues. In a first for this report, NAVEX analyzed its database by both employees and third-party reporters. Its analysis shows these two groups are distinct across several metrics, highlighting the insight organizations see by promoting their reporting programs internally and externally. Third parties as a group delivered a far greater median share of reports related to Business Integrity matters than employees in 2023 (50% versus 17%). Encompassing topics like conflicts of interest, vendor issues, fraud, global trade and human rights, this category of issues can manifest in various elements of a supply chain. Third-party reporters also showed twice the median share of Accounting, Auditing & Financial Reporting reports as employees in 2023 (10% versus 4.5%). Story emerging on accounting-related reporting – internally and externally. Accounting-related reports -- while lower in overall percentage of reports received internally by organizations at a median of 4.3.% in 2023 -- often receive an outsized share of attention due to potential for regulatory action and the well-publicized bounty program offered by the SEC and its Office of the Whistleblower. The SEC's program is witnessing unprecedented growth in tips and generously rewarding valuable information. Now, the U.S. Department of Justice is launching a similar initiative. Specifically, reports related to Accounting, Auditing, and Financial reporting: Showed the longest time between when an incident was observed and when it was reported to the organization By a large margin, were least likely to be reported anonymously Comprised an outsized share of cases for organizations that receive very few Reports per 100 Employees – meaning while these organizations received well below the benchmark number of reports, they had a much more significant percentage of accounting-related reports Experienced the longest time to investigate and close the case Had among the highest median Substantiation Rates, at 50% Were most likely to cause an employment separation event as a result of a substantiated case Accounted for twice as many of the reports submitted by third parties than those submitted by employees Small increase in report volume shows big payoff in healthy report mix. A diverse array of topics, inquiries, and allegations in internal reporting indicates a robust program. NAVEX’s findings reveal that even minor efforts to promote internal reporting significantly improve the mix of report types received. For instance, in organizations with the lowest report volume, only 8.7% of reports pertain to HR, Diversity, and Workplace Respect. However, in the next tier, this proportion jumps to 36.3%. This trend persists across different report volumes, emphasizing the importance of fostering a reporting culture. A varied mix of report types signifies trust in internal reporting to address a broad spectrum of issues. Even a slight increase from minimal reporting yields a more comprehensive and insightful flow of reports. "With NAVEX's integrated data platform, companies gain unparalleled risk signal data that empowers them to foster healthier workplace cultures, helping them achieve outcomes that matter most,” explains NAVEX Chief Product Officer A.G. Lambert. "Data isn't just numbers; it's the compass guiding organizations toward success and ensuring they stay ahead in the ever-evolving landscape of risk and compliance." Additional notable findings include: Workplace behaviors and discord were clearly visible in the data as more organizations return to office environments. As is always the case in these reports, workplace behaviors and other human resources related matters are by far the highest percentage of reports received by organizations. Workplace Civility matters continued to increase in prominence in 2023, representing a median of 18% of reports and the highest median reporting rate in 2023. This was followed by Discrimination, at a median 12%, Harassment, at a median 7.1%, then Retaliation at a median of 2.0%. The HR, Diversity and Workplace Respect category overall has seen a multi-year increase in its median share of all reports (from 50% in 2021 to 55% in 2023). These figures underscore the growing importance of fostering a respectful and inclusive work environment. Highlighting the seriousness with which organizations are taking reports received, more substantiated reports (18%) resulted in separation from employment in 2023, up significantly from 14% in 2022 and 12% in 2021. The share of reports resulting in no action – effectively the opposite end of the outcome spectrum – fell from 17% in 2022 to 14% in 2023. Nearly nine out of 10 reports of Imminent Threat to a Person, Animals or Property were substantiated in 2023 highlighting the importance that reporters possess the training, knowledge, tools and trust that promote rapid reporting of dangerous issues. This need is made even greater by a new California workplace violence prevention law expected to take effect this year that includes requirements for reporting, incident management and training around this issue. For more insights on the 2024 Whistleblowing & Incident Management Benchmark Report, join Jane Norberg, Arnold & Porter partner and former chief of the SEC Office of the Whistleblower, Keith Thomas, FedEx corporate integrity & compliance lead counsel, Carrie Penman, NAVEX chief risk & compliance officer, and Anders Olsen, NAVEX senior data scientist, for an informative webinar where they will discuss the results of this year’s analysis in detail. Watch the webinar here. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details Navex Global scott.levesque@navex.com Company Website https://navex.com

March 26, 2024 06:00 AM Eastern Daylight Time

SERES announces comprehensive global sales and service expansion strategy

SERES

SERES, the leading Chinese new energy vehicle company, recently announced its global sales and service expansion strategy to redefine the luxury vehicle market using intelligent technology. To achieve this goal, SERES will leverage its exceptional R&D and manufacturing capabilities to implement a series of major initiatives. These include: The launch of a range of more luxurious and intelligent new energy vehicles Increased cooperation with global partners to optimize and improve sales and service networks in major markets worldwide The development of a new service system to provide global users with a premium intelligent service experience "We stand at the forefront of the new energy automotive revolution, aiming to redefine luxury in the electric era with intelligence," said Zhang Xinghai, Founder and Chairman of SERES Group. "In the coming years, SERES will lead the way in 'defining vehicles by software', deeply integrating intelligence into our vehicles to span the full value chain of intelligent products, intelligent safety, and intelligent services. This will deliver a brand-new experience that meets users' most fundamental luxury needs." SERES launched its new expansion strategy at the 2024 Oversea Business Conference held in Chongqing. The company invited business partners from over 60 countries and regions to discuss plans for a global luxury sales and service network. SERES targets exporting 50,000 units by the end of this year, making it the top luxury brand to export from China, and plans to increase exports to 200,000 within three years, with a long-term goal of reaching 500,000 exports by 2030. SERES further elaborated on its overseas strategy, emphasizing its focus on the global SUV market with luxury, intelligent and comfort products. By harnessing local insights and leveraging existing technological advancements from the Chinese market, along with expansion into both left-hand and right-hand drive markets, SERES aims to deliver unparalleled driving experiences worldwide. SERES will soon launch new luxury intelligent SUV models in its SERES 5, SERES 7 and SERES 9 ranges in markets around the world, offering pure electric and range-extended options. In 2024, a total of six models from these three ranges will be launched into the global market, targeting the need for individual use, family use, as well as business use. As early as Q2 2024, consumers in the Middle East, Central Asia and South America can start to purchase these products. To enhance a premium sales and services network, SERES will continue to increase cooperation with global partners. Based on current diverse, flexible, and mutually beneficial collaborations, future plans include the development of service systems, local sales companies and the construction of overseas factories. SERES has already successfully expanded its presence to more than 20 countries worldwide and is actively enhancing its global market footprint through a robust growth strategy in key regions, including European, Middle Eastern and North African, as well as Latin American markets. This year, SERES plans to expand further by opening up 30 new markets, bringing its global presence to 60 major markets by the year’s end. With powerful products and premium sales and service networks, SERES is aiming to redifne the traditional luxury market. According to China Passenger Cars Association’s luxury brand sales rankings in the Chinese market (January 1 – March 10, 2024), SERES has already become a top-5 luxury brand in China, closely following the traditional luxury brands Audi, BMW and Mercedes. The new SERES range: A fusion of luxury and intelligence The brand-new flagship full-size luxury SUV SERES 9 leads its generation in intelligent technology. Its cutting-edge tech features include dual-megapixel projection headlights, an intelligent lighting system, and a 10-screen intelligent cabin. Its space design is exceptional, with a class-leading 3.04 square meter flat floor, excellent 2,725mm seating space, and support for flexible 3-6 seat layouts with outstanding spatial appeal. It also comes equipped with the industry's first intelligent AR-HUD, with industry-leading 2K resolutions, and ultra-brightness. It can project images of 75 inches, at 8.5 meters. Together with the Triple-Screen Display in the front, SERES 9 creates an immersive navigation experience. The SERES 9 excels in intelligent driving control capabilities. With full Aluminum-Alloy Chassis, intelligent air suspension system and other configurations, it delivers a class-leading driving control experience. Its safety protection is comprehensive, with an ultra-strong body structure made by world-leading 9000-ton die-casting technology, and up to nine airbags in the highest configuration. Combined with an 800-volt SiC platform and cloud-based BMS battery management, the consumption is as low as 6.9L/100km. It can go over 1,400 kilometers and safety is also significantly enhanced. The new SERES 7 is a premium range-extended comfort SUV, combining versatile large spaces, exceptional comfort and top-level safety. Passengers can choose between spacious 5-seat or 6-seat layouts. The unique zero-gravity seat design with an 8-point full back massage, combined with the camping bed mode, delivers an unparalleled riding experience. The SERES 7 adopts an all-round safety design philosophy. Parts of the body are made of hot-formed steel like in submarines, while the eight all-round safety airbags and aviation-grade battery heat insulation technology provides solid protection for driving safety. The negative ion air purification system creates a healthy and comfortable in-car environment. The interior design pursues ultimate aesthetics, with power doors, power steps, power sunshades, fast wireless charging and other luxury configurations and functions showcasing its premium quality. As an intelligent sport SUV, the SERES 5 does not fall short in performance. SERES 5 EV has a luxurious intelligent cockpit, and reliable electric performance. The Range Extender version takes away any range anxiety as the CLTC range is up to 1455 km. It comes with a 40-kWh battery pack, with pure electric range of 260 km. And the Saker Falcon version, the sports edition of SERES 5, brings great performance and unique style for sport, with distinctive driving experience. It has Dual-Motor All-Wheel drive with 90kWh battery, accelerating from 0-100km/h in just 3.7 seconds. Intelligent sales and service system for global users To meet the ever-increasing demands of premium consumers, SERES will invest in building a series of luxury intelligent offline sales and service centers, including brand and product showcases, delivery, comprehensive after-sales services, performance test tracks, science exhibitions, business lounges, charging services, and more, with the strategic target of achieving No. 1 in customer satisfaction. "The concept of service has recently undergone a significant change, so our service philosophy and approach should also be upgraded and optimized,” said John Zhang, Rotating President of SERES Group. “We will define our vehicles by software and become leaders in intelligent services to ensure our users are enjoying the very best experience available in the luxury market." Meanwhile, SERES will implement the "C.A.R.E" service philosophy, and will join hands with global partners to build an efficient, collaborative, and creative global team that meets the demands of the intelligent new energy vehicle era, continuously enhancing the brand's global service capabilities. In this new era of electrification, SERES Auto is building a new future for the luxury automotive industry. Its unique vision to ‘define vehicles by software’ is converging the worlds of intelligent technology and traditional luxury to revolutionize the driving experience for people all over the world. Contact Details Sabrina Wan sabrina.wan@dawnriderltd.com

March 22, 2024 11:34 AM Eastern Daylight Time

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NAFA Announces Ford Pro CEO, Ted Cannis, as Keynote Speaker for 2024 Institute & Expo

NAFA Fleet Management Association

NAFA Fleet Management Association (NAFA) is excited to announce that Ted Cannis, CEO of Ford Pro, will lead a keynote session at the upcoming 2024 Institute & Expo (I&E). The session, titled "Ford Pro – Our Learnings: Grow Productivity, Reduce Risk," will take place during the Tuesday General Session on April 23, 2024. "We are thrilled to have Ted Cannis join us as a keynote speaker at NAFA I&E 2024," said Bill Schankel, CAE, CEO of NAFA. "His insights into growing productivity and reducing risk within the fleet industry will undoubtedly provide valuable perspectives for our attendees." As CEO of Ford Pro, Cannis spearheads the global business and brand within Ford dedicated to delivering comprehensive solutions to government and commercial customers. With a focus on accelerating productivity, improving uptime and lowering operating costs, Ford Pro offers connected services and work-ready gas and electric vehicles. Cannis’ tenure at Ford includes leadership positions in Commercial Vehicles and Battery Electric Vehicles, where he played a pivotal role in developing electric vehicle strategies and products such as the Mustang Mach-E SUV and the F-150 Lightning. With his extensive experience, Cannis brings a unique perspective that will undoubtedly inspire and inform fleet professionals at all levels. This provides an exclusive opportunity to hear from one of the industry's foremost thought leaders. More information on this session, and the full I&E schedule, can be found here. Prospective exhibitors are encouraged to secure their space now to ensure prime placement in the I&E Expo Hall. For more information about reserving an exhibit booth, please visit NAFA’s website. Sponsorship opportunities can be secured here. This year’s current sponsors include Bestpass Inc., FASTER Asset Solutions, Geotab, Holman, Legend Fleet Solutions, Merchants Fleet, Motive, Samsara, Shell Fleet Solutions, Stellantis, U.S. Bank Voyager, WEX and Wheels, Inc. NAFA Fleet Management Association is the membership organization for professionals who manage the mobility requirements of vehicle fleets that include commercial, public safety, trucks, and buses of all types and sizes, and a wide range of military and off-road equipment for corporations, governments, universities, utility fleets, and law enforcement in North America and across the globe. NAFA’s members are responsible for the specification, acquisition, maintenance, repair, fueling, risk management, and remarketing of more than 4.8 million vehicles that drive an estimated 84 billion miles each year. NAFA’s members control assets and services well above $122 billion each year. For more information, please visit www.nafa.org, and communicate with NAFA on LinkedIn, Facebook, and X. Contact Details Keaveny Hewitt +1 919-622-5276 khewitt@onwrdupwrd.com Company Website https://www.nafa.org/

March 21, 2024 04:09 PM Eastern Daylight Time

Aclara Resources secures up to $80M investment from Chile's CAP for sustainable mining

Aclara Resources Inc

Aclara Resources CEO Ramon Barua joins Proactive's Stephen Gunnion with details of a significant investment deal with Chile's CAP SA, valued at up to $80 million. Barua said the partnership underscores a shared vision for a sustainable future in the extraction of critical minerals. CAP's financial strength and extensive experience in Chilean operations, including environmental impact assessments and mine management, will assist Aclara's growth, he added. The deal not only injects $29 million into Aclara's Chilean operation, REE Uno, but also offers the potential for an additional $50 million investment upon permit approval. This strategic alliance aims to expedite the development of the Penco Rare Earths Project, focusing on the extraction of vital elements like dysprosium and terbium for electric vehicle motors. The collaboration is set to enhance Aclara's market valuation and accelerate the production timeline, with the goal of commencing operations by 2027. Additionally, the partnership includes the formation of a steering committee to oversee the project's progression, highlighting the commitment to advancing the Penco Module's development efficiently. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

March 21, 2024 11:58 AM Eastern Daylight Time

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National Contract Management Association Announces New Board of Directors

National Contract Management Association

The National Contract Management Association (NCMA), dedicated to the advancement and expansion of the contract management profession, announced today the appointment of its new Board of Directors. The program year 2025 new Directors include David Bassett and Manuel Mendez; reappointed are Joy White, and Cameron Holt as Wendy Masiello and Heidi Timmerman transition from the Board. All bring a wealth of experience and expertise in contract management which will further strengthen the association’s strategic direction, transformation, and growth. "As we further our mission to advance the contract management profession and fortify its ties with other acquisition-related communities through advocacy, standards, and professional development, the addition of these individuals is significant,” said Board Chair-Elect, Heather Gerczak. “Their collective wealth of experience, knowledge, and leadership promises to invigorate our organization, propelling us closer to our goals. We eagerly anticipate their contributions as we chart our course forward." Lieutenant General David Bassett (US Army Retired), Founder of Acquisition Insight LLC, provides business consulting to firms aiming to work with the federal government for superior technology access. With over 35 years in the Army, serving as Army Program Executive Officer Ground Combat Systems, Program Executive Officer Command Control Communications Tactical, and Deputy Program Executive Officer for Combat Support and Combat Service Support, and retiring as Director of Defense Contract Management Agency, he managed 250,000 contracts worth $3.5T. Mr. Bassett holds Master’s Degrees in National Resource Strategy and Computer Science, and a Bachelor’s Degree in Electrical Engineering from the University of Virginia. As Integral Federal's Chief Financial Officer, Manuel Mendez leads business operations, supporting strategic direction and growth. He manages financial planning, reporting, compliance, mergers, acquisitions, auditing, program finance, contracts, IT, quality, and pricing. Previously, he served as VP of Financial Planning and Analysis at PAE, facilitating its divestiture, IPO, acquisitions, and sale to private equity. With senior financial roles at Engility and Harris Corporation, Mendez brings extensive experience. He holds a B.S. in Industrial Engineering from Universidad de Los Andes and an M.B.A. from Georgetown University. Joy White, Executive Director at Space Systems Command (SSC) has been reappointed to the Board. Ms. White oversees a $15B annual portfolio of major acquisition space programs, ensuring agile, integrated, and resilient capabilities for national defense. She leads SSC's business operations, talent management, and acquisition functional expertise for the United States Space Force, overseeing a workforce of 15,000 personnel at 29 operating locations. Ms. White started her federal service as a contracting intern at SSC and has a diverse background including legal analysis and advisory roles at the Office of the Assistant Secretary of the Air Force for Acquisition. Also reappointed, Major General Cameron Holt (US AF Retired), President at Exiger Government Solutions. Mr. Holt formerly served as Deputy Assistant Secretary for Contracting, Office of the Assistant Secretary of the Air Force for Acquisition, Technology, and Logistics. Leading a team managing $825B in programs, he focused on Space, Global Power/Reach, and Information Dominance. He also supervised the training, organization, and equipping of 8,000 Contracting professionals handling over $65B in programs annually. Receiving his commission from the University of Georgia in 1990, Mr. Holt has extensive experience in acquisition and contract management across major commands and deployments supporting Operation Enduring Freedom. "It has been an honor to work with Wendy Masiello and Heidi Timmerman for their support and guidance over their two terms. They have been instrumental in navigating NCMA through a period of growth and change," said NCMA Chief Executive Officer, Kraig Conrad. "I am pleased to welcome in our new Board Members, their impressive experience will be invaluable to help grow our Common Language, certifications, and professional development avenues for our community." The NCMA Board of Directors is responsible for setting the strategic direction of the organization, ensuring its financial stability, and overseeing the development and delivery of member services and educational programs. The NCMA Contract Management Standard™ (CMS™) is an important program for the Board as the ANSI-approved standard covers the many practices within the contract management life cycle, including procurement and purchasing. Board members serve three-year terms. Beginning July 2024, the newly appointed Board will officially assume their duties and convene at NCMA's World Congress conference in Seattle, WA. The National Contract Management Association (NCMA) – www.ncmahq.org – has grown as a professional society whose mission is to collaborate towards a globally recognized contract management profession that strengthens its nexus with related acquisition communities. Serving approximately 20,000 members in both the public and private sectors, NCMA propels the growth, advancement, and impact of practitioners through a steadfast commitment to serve through the open exchange of ideas in neutral forums. Contact Details National Contract Management Association Holly DeHesa +1 281-865-3296 holly.dehesa@ncmahq.org Company Website https://www.ncmahq.org

March 21, 2024 05:00 AM Eastern Daylight Time

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