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Foresight Announces First Quarter 2022 Financial Results

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems (Nasdaq and TASE: FRSX) (“Foresight or the “Company”), today reported financial results for the first quarter of 2022. Foresight ended the first quarter of 2022 with $40.4 million in cash, cash equivalent, restricted cash and short-term deposits. The Company reported a GAAP net loss of $2.02 million for the first quarter of 2022 and a non-GAAP net loss for the same period of $1.53 million. “The milestones achieved during the first quarter of 2022 demonstrate that our long-term product roadmap and business strategy are beginning to enter a significant new phase. Following successful demonstrations to customers of our wide range of solutions, we are now engaging in new partnerships to deploy our technology on a larger scale. Both Foresight and Eye-Net Mobile Ltd. (“Eye-Net Mobile”), our wholly owned subsidiary, continue to expand into new regions and addressable industries, demonstrating the breadth of our potential markets,” said Haim Siboni, CEO of Foresight. “The establishment of Foresight Changzhou Automotive Ltd., (“Foresight Changzhou”), our fully owned subsidiary in Jiangsu Province, China, demonstrates our belief in the potential of the Chinese market. We believe that working seamlessly with local partners, manufacturers and suppliers in China will allow more collaborations and joint undertakings. Additionally, Foresight is now developing a custom 3D sensor solution for a leading Israeli defense integrator, for which the Israeli Defense Force (IDF) is the end customer. This technology is expected to replace LiDAR in the defense integrator’s 3D perception products. As Foresight demonstrates the ability to tailor its technology to the needs of specific applications and industries, we expect to see growing interest from customers with specialized requirements,” concluded Mr. Siboni. First Quarter 2022 Financial Results Revenues for the three months ended March 31, 2022 amounted to $35,000. The revenues were generated primarily from the successful completion of the first milestone of a proof-of-concept (POC) project with a leading Japanese Tier One supplier for the automotive industry. Research and development (R&D) expenses, net for the first quarter of 2022 were $2,692,000, compared to $2,659,000 in the first quarter of 2021. R&D expenses in the first quarter of 2022 are offset by participation from the European Horizon 2020 program in the amount of $172,000. General and administrative (G&A) expenses for the first quarter of 2022 were $1,188,000, compared to $1,206,000 in the first quarter of 2021. The decrease is attributed primarily to a decrease in payroll and related expenses and public company expenses, offset by increase in professional services and share based payments to service providers. Finance income, net for the three months ended March 31, 2022 amounted to $2,472,000. Finance income, net is attributed primarily to gains from revaluation of our investment in Rail Vision Ltd to its fair value, following its initial public offering on Nasdaq, in the amount of $2,793,000 offset by exchange rate differences and other expenses in the amount of $328,000. GAAP net loss for the first quarter of 2022 was $2,024,000 or $0.006 per ordinary share compared to a GAAP net loss of $4,362,000, or $0.014 per ordinary share in the first quarter of 2021. Non-GAAP net loss for the first quarter of 2022 was $1,527,000 or $0.005 per ordinary share compared to a non-GAAP net loss of $3,201,000 in the first quarter of 2021 or $0.010 per ordinary share. A reconciliation between GAAP net loss and non-GAAP net loss is provided following the financial statements that are part of this release. Non-GAAP results exclude the effect of share-based compensation expenses. Balance Sheet Highlights Cash, restricted cash and short-term deposits totaled $40.4 million as of March 31, 2022, compared to $45.7 million as of December 31, 2021. GAAP shareholder’s equity totaled $47.1 million as of March 31, 2022, compared to $48.6 million as of December 31, 2021. The decrease is attributed to the net loss for the period, offset by share based payments to employees, consultants, and directors for the same period. First Quarter Corporate Highlights: Foresight Established Joint POC Project with American Division of Japanese Tier One Supplier to Enhance ADAS Vision Systems: Following the successful evaluation of a QuadSight ® vision system prototype in March 2021, in January 2022 Foresight announced the establishment of a joint POC project with the American division of a leading Japanese Tier One supplier in the automotive industry. Foresight intends to demonstrate its ability to enhance the Tier One supplier’s existing stereoscopic vision system by creating a stereo pair using the leading Tier One supplier’s existing camera hardware to generate rich perception. Foresight to Develop Custom 3D Sensor Solution for Leading Israeli Defense Integrator: In February 2022, Foresight announced that it will customize products and solutions for a leading Israeli defense integrator. The defense integrator’s end customer is the IDF. Foresight will develop a customized 3D perception solution to meet the requirements of the IDF, and the company expects to recognize revenues of approximately $250,000 from the project during the first half of 2022. Foresight Establishes Local Subsidiary in Chinese Market: In January 2022, Foresight announced the establishment of Foresight Changzhou, a wholly owned subsidiary, in Jiangsu Province, China. Established together with the China-Israel Changzhou Innovation Park (CIP), this new subsidiary will allow Foresight to expand more easily within the Chinese market. Foresight Changzhou will hire local staff and engineers, potentially resulting in a stronger network with local partners and manufacturers. Foresight Collaborates with SUNWAY-AI to Commercialize Solutions for Chinese Agriculture and Heavy Machinery Markets: In January 2022, Foresight announced the signing of a multiphase business cooperation agreement with SUNWAY-AI, a global Chinese manufacturer of autonomous and unmanned intelligent vehicle products. During the first phase of the cooperation, SUNWAY-AI will evaluate a prototype of Foresight’s QuadSight vision system. Successful completion of the evaluation could lead to a partnership agreement involving cooperation projects to develop and commercialize products for the Chinese agriculture and heavy machinery markets. Eye-Net Mobile Enters Indian Market with First Pilot Project for Fleet Telematics: Eye-Net Mobile, a wholly owned subsidiary of Foresight, announced in January 2022 that it will begin its first pilot project in India with a local telematics company. The Indian telematics (fleet tracking) company will evaluate the performance of the Eye-Net™ Protect collision prediction solution in various scenarios. Successful evaluation could lead to possible commercialization and integration of Eye-Net Protect in the telematics company’s service suite for commercial fleets and government operators of public vehicles. Eye-Net Mobile Selected by Paris2Connect Consortium to Participate in Urban Mobility Experiment: In February 2022, Eye-Net Mobile was selected as one of five winners by the Paris2Connect consortium to participate in an urban mobility experiment in Paris’ Urban Innovation District. Paris2Connect is dedicated to demonstrating how shared urban digital infrastructure can meet the growing needs of the smart city, and the consortium includes ATP France, Aximum, Nokia, RATP Group, and Signify N.V. Eye-Net expects to benefit from testing its solution in an operational environment under real conditions along a 3.5-kilometer route in the center of Paris, France. Use of Non-GAAP Financial Results In addition to disclosing financial results calculated in accordance with United States generally accepted accounting principles (GAAP), the Company's earnings release contains non-GAAP financial measures of net loss for the period that exclude the effect of stock-based compensation expenses. The Company’s management believes the non-GAAP financial information provided in this release is useful to investors’ understanding and assessment of the Company's ongoing operations. Management also uses both GAAP and non-GAAP information in evaluating and operating business internally and as such deemed it important to provide all this information to investors. The non-GAAP financial measures disclosed by the Company should not be considered in isolation or as a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should be carefully evaluated. Reconciliations between GAAP measures and non-GAAP measures are provided later in this press release. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses Foresight’s and Eye-Net Mobile’s continued expansion into new regions and addressable industries, demonstrating the breadth of their potential markets, the its belief in the potential of the Chinese market and that working seamlessly with local partners, manufacturers and suppliers in China will lead directly to more collaborations and joint undertakings, customization of its products and solutions for a leading Israeli defense integrator, for which the IDF is the end customer, that its technology is expected to replace LiDAR in the defense integrator’s 3D perception products, the expectation of growing interest from customers with specialized requirements, the expected timing of revenues from the IDF project, its intention to demonstrate its ability to enhance the Tier One supplier’s existing stereoscopic vision system, that Foresight Changzhou will allow the Company to expand more easily within the Chinese market, its multiphase business cooperation with SUNWAY-AI and that successful completion of the evaluation could lead to a partnership agreement involving cooperation projects to develop and commercialize products for the Chinese agriculture and heavy machinery markets, and the potential for Eye-Net to commercialize its Eye-Net Protect with respect to its fleet tracking first pilot project in India.. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Foresight’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 31, 2022, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW U.S. dollars in thousands SUPPLEMENTAL RECONCILIATION OF GAAP TO NON-GAAP RESULTS (Unaudited) U.S. dollars in thousand s Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

May 26, 2022 04:05 PM Eastern Daylight Time

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How a Carbon Tax Can Help Address Climate Change

YourUpdateTV

As the United States’ fiscal challenges deepen and climate change worsens globally, the need to identify pro-growth solutions is a priority of policymakers. Alex Flint, executive director of the Alliance for Market Solutions (AMS), this week participated in a nationwide satellite media tour to discuss how a carbon tax can both address climate change and grow the economy. A video accompanying this announcement is available at: https://youtu.be/4H9P0JvFRVY For decades, the U.S. government has sought to curb carbon pollution and mandate energy efficiency standards through a host of regulations and tax subsidies. Today, conservatives and economists alike recognize that taxes are more efficient than regulations. Using a carbon tax to reduce carbon pollution costs the economy less than achieving the same result through regulation. A carbon tax can raise revenue—which a regulation or a suite of regulations cannot do—and can be used to reduce other, more distortionary taxes, which hinder economic growth, like the income tax. The result is a more efficient tax system that, while raising the same amount of revenue, allows the economy to grow faster, making it easier for the federal government to meet its fiscal obligations while reaching their climate goals. Congress is currently debating a carbon border adjustment mechanism, which would impose a fee on imports from countries with lower environmental standards and could serve a lynchpin for a domestic carbon pricing policy. For more information about a carbon tax and AMS, visit amsresearch.org About Alliance for Market Solutions AMS is a nonprofit educational organization of conservative leaders addressing two of America’s most pressing challenges: the need to reduce carbon pollution and grow the economy. We respect climate change science and support replacing regulations with a revenue-neutral carbon tax—policy that would efficiently protect the environment and deregulate and grow the economy. AMS engages directly with influential conservatives, including policymakers, to cultivate support for a revenue-neutral carbon tax. We also conduct research that demonstrates the viability and benefits of a carbon tax. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

May 26, 2022 11:00 AM Eastern Daylight Time

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Lexus Leverages Mirriad's Virtual Product Placement to Drive Brand Awareness Among Multicultural and LGBTQIA+ Audiences

Mirriad

Mirriad, the leading in-content advertising company powered by Academy Award Winning AI technology, today announced its latest campaigns with Lexus through in-content music video activations. The partnership takes Lexus’ advertising capabilities to the next level, unlocking scalable access into the music industry in a way that traditional product placement has fallen short, and builds on the teams’ recent collaboration for the 2nd Annual B.I.G. Dinner Gala in honor of Biggie’s 50th birthday celebration. To date in 2022, Lexus and Mirriad have developed brand placements across four music videos, enabling Lexus to effectively reach key multicultural and LGBTQIA+ audiences. Today, brands face numerous challenges when leveraging in-content advertising to reach audiences. For Lexus, the majority of content that reaches their multicultural target audiences is filmed abroad. Additionally, ongoing supply chain issues and inventory shortages have made the option of traditional product placement more challenging. Given the flexibility of Mirriad’s creative formats, ads are no longer limited to physical placements during the time of filming. Now, signage, video and virtual products, like vehicles, can be placed in post-production with Mirriad’s technology. “At Lexus, we’re committed to reaching consumers through content that is meaningful and authentic to ensure that we’re meeting our audiences where they are, in a non-disruptive way,” said Mia Phillips, Senior Manager of Advertising and Media at Lexus. “With Mirriad’s AI technology, we’re able to create those experiences while simultaneously expanding our brand reach. We’ve seen proven results across all of the in-content campaigns we’ve executed with Mirriad over the last six months and are confident in the continued success.” Mirriad recently partnered with Sony Music Latin to insert Lexus signage into the music video for a prominent Latin artist’s latest single. The video features creative from the Shine Your Way Everyday campaign, Lexus’ in-market campaign targeted toward LGBTQIA+ audiences. Since the video premiered, the campaign has resulted in a 14 percent increase in brand awareness, as compared to an audience unexposed to the same ads, and an eight percent increase in brand purchase consideration, according to Kantar. The partnership has proven to have the intended reach, with the results for both brand and ad awareness strongest for those who felt sexual orientations were featured positively in the video. Mirriad and Lexus also collaborated on music videos for South Asian-American pop artists Mickey Singh and Jonita Gandhi, through Mirriad’s partnership with TreeHouse VHT. Addressing the challenge of placing a vehicle within the content, Mirriad’s technology enabled a 3D placement of Lexus’ LX model in Singh’s official music video for Nachle 101 and the behind-the-scenes video. Additionally, Lexus video creative and signage was featured throughout Signh’s videos and Gandhi’s official music video for Hauli Hauli. Additionally, Mirriad and Lexus ran a television campaign with ItalkBB in the Chinese language program: Legally Romance. Mirriad integrated signage and 3D Lexus models within content, for a total of 15 integrations throughout the series. Mirriad's extensive content library enabled Lexus to reach AAPI and Hispanic audiences through content that otherwise would be inaccessible. “For multicultural artists and creators, establishing partnerships with major brands takes up a lot of time and effort, and the outcomes don’t always show value,” said Jay Skilly, CEO of TreeHouse VHT. “In working with a company like Mirriad, that prioritizes amplifying minority artists and creators, we’ve been able to identify moments within music videos that have high-impact for brands and are authentic to artists, their music and their audiences.” “We are proud to work with Lexus as their team continues to allocate larger portions of their advertising budgets to empower young, diverse creators,” said Maria Teresa Hernandez, VP of Sales and Brand Partnerships at Mirriad. “In Lexus, we’ve found a partner who understands how to reach their audiences in a relevant way while also highlighting minority voices. The success of these campaigns paved the way for our most recent activation during Biggie’s 50th birthday celebration, where Lexus was able to take a traditional campaign activation and amplify it by leveraging Mirriad’s AI technology.” To learn more about Mirriad and the advertising opportunities offered visit www.mirriad.com. Media Contact: Kite Hill PR for Mirriad mirriad@kitehillpr.com About Mirriad Mirriad's award-winning solution unleashes new revenue for content producers and distributors by creating new advertising inventory in content. Our patented, AI and computer vision technology dynamically inserts products and innovative signage formats after content is produced. Mirriad's market-first solution seamlessly integrates with existing subscription and advertising models, and dramatically improves the viewer experience by limiting commercial interruptions. Mirriad currently operates in the US, Europe and China. Contact Details Liana Zamora +1 551-225-4942 mirriad@kitehillpr.com Company Website https://www.mirriad.com/

May 26, 2022 09:00 AM Eastern Daylight Time

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The ForeverLawn Black and Green Grass Machine Returns at Charlotte Motor Speedway

ForeverLawn

ForeverLawn, Inc. ® will continue their sponsorship of Jeffrey Earnhardt and the “Black and Green Grass Machine” at the Alsco Uniforms 300 in the NASCAR Xfinity Series, Saturday, May 28, 2022. This race is part of ForeverLawn’s multi-race deal with Earnhardt and the Sam Hunt Racing team and will be streamed live from Charlotte Motor Speedway at 1:00 p.m. ET on FS1. “Last year our race at Charlotte was filled with memorable moments, one being when Jeffrey hit the wall and as a result flew the Harvest Church back panel banner on national TV,” says Dale Karmie, Co-Founder of ForeverLawn. “This year with SHR, we are hoping to get noticed for a different reason: running at the front. We also want to honor and pay tribute to all the men and women who gave their lives to serve and protect this great nation. God Bless America.” Earnhardt will pilot the No. 26 ForeverLawn Toyota GR Supra with a revamped version of the 2022 Black and Green Grass Machine paint scheme, as seen in the SRS Distribution 250 at Texas Motor Speedway. Continuing their ongoing sponsorship participation alongside ForeverLawn are the Accredited Petroleum Association, LifeGR, STR, and Precision Products. Viewers can follow Earnhardt and the ForeverLawn car by watching on FS1 or on Instagram, Twitter, and Facebook using #blackandgreengrassmachine. About ForeverLawn ForeverLawn ® improves spaces and communities through innovative synthetic grass solutions. Beginning in 2004 as the daring entrepreneurial venture of two brothers, ForeverLawn has consistently led the synthetic turf industry through groundbreaking approaches to products and practice. As the premium choice for synthetic surfacing, each product is engineered to solve unique consumer needs and desires while maintaining superior standards and natural aesthetics. Today the company services over eighty localized markets through their dealer network, with an impressive regional, national, and international project portfolio. Want to be a part of something bigger? Learn how you can be a person of impact through business ownership opportunities with ForeverLawn. For more information, contact opportunities@foreverlawn.com. Contact Details ForeverLawn, Inc. Julia Kontur +1 330-499-8873 julia@foreverlawn.com Company Website https://www.foreverlawn.com/

May 25, 2022 12:45 PM Eastern Daylight Time

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COMING TO AMERICA: THE VOLVO P1800 CYAN

Cyan Racing

Following its 2020 launch to rave reviews in Europe, the Volvo P1800 Cyan will make its official North American debut this summer at The Quail, a Motorsports Gathering on August 9. Prior to that, Cyan Racing will introduce its exquisite resto-mod (restored and modified) to the Los Angeles media and public at a number of special events. Without doubt, the Volvo P1800 Cyan is an extraordinary interpretation of the original 1960s Swedish/Italian-designed Volvo coupe. Built by the five-time and reigning World Touring Car Champions, Cyan Racing, the car combines the best motorsports technology with classic styling. The Swedish engineers have decided to create a production version from the original prototype and its debut at The Quail will allow driving enthusiasts an opportunity to purchase their own Volvo P1800 Cyan. VEHICLE HIGHLIGHTS High-strength steel chassis and carbon fiber body Race-proven 420hp 2.0L four-cylinder turbocharged engine Bespoke, fully adjustable independent suspension Highest quality components including AP Racing, Ohlins, Pirelli, Recaro, etc Lightweight 2180 lb package A unique driving experience Hand-built in Sweden and available for purchase WHO IS CYAN RACING? Cyan Racing may be unfamiliar to North American enthusiasts, but most people will instantly recognize Polestar; the company’s former identity. Having started life in Sweden as a racing team, it was soon running the Volvo works team and achieved international success. Simultaneously, the company transferred its engineering knowledge to production cars, creating aftermarket accessories and engineering the Volvo C30 Polestar Concept Prototype, which became their first road car project. Following a number of concepts, the Volvo S60 and V60 Polestar became available from dealerships around the world in 2014. The brand’s success led to its acquisition by Volvo in 2015. With a focus on sustainable performance, Polestar changed direction in the hands of Volvo to spearhead EV development, while the racing engineers were liberated to do what they know best. Cyan Racing is once again a fully independent organization, continuing to dominate the world touring car scene on race tracks around the world, returning to the 2022 WTCR World Touring Car Cup as the five-time and reigning champions. ”Our company was founded in 1996 to race Volvos in Sweden and the Volvo P1800 Cyan is closing the circle for us,” said Christian Dahl, CEO and founder of Cyan Racing. “After winning many national racing championships, we claimed our first World title with Volvo in 2017 and have since won four further world titles with two more manufacturers. The first Volvo P1800 Cyan carries our blue racing color to mark our heritage." The engineering team at Cyan Racing has more than two decades invested in race and road car development. It’s been involved in every aspect from design to aerodynamics, engine, chassis and electronics. “Development of the Volvo P1800 Cyan was possible because of our advanced engineering process, which incorporated the same talents needed to design, build and develop our world title-winning Volvo S60 TC1 Cyan and other race and road cars,” said Dahl. The earlier C30 Concept played a key role in the P1800 development. “A vital part of the project was to reconnect with our first road car, ” said Mattias Evensson, Project Manager and Head of Engineering at Cyan Racing. “We wanted to inject some of the acclaimed driving feeling and performance from the C30, and it was thoroughly useful throughout the development process.” WHY THE P1800? The original Volvo P1800 was unveiled in 1960, a year before the Jaguar E-Type, two years ahead of the Ferrari 250 GTO, and three years prior to the Porsche 911. "The Jaguar, Ferrari and Porsche were all continuation cars,” said Dahl. “That left us with inspiration to create what could have been if our race team had been around in the ’60s, racing the P1800. And what would happen if we’d been able to design a road version of that race car, as we did with the Polestar Volvo C30 and S60. The Volvo P1800 Cyan is our interpretation of what could have transpired if all these elements came together.” With so much technology at its fingertips, the team looked at its powertrain options. "We could have built an electric Volvo P1800 filled with all the latest technology, comfort and luxury. But that wasn't what we wanted," Dahl continued. “We desired something more visceral, capturing the spirit of the ’60s with the technology of today." ENGINE & TRANSMISSION Having dominated Touring Car competition, the design team decided the two-liter turbocharged four-cylinder engine based on its title-winning Volvo S60 TC1 race car would endow the project with plenty of character. Producing 420hp and 336 lb-ft of torque, the engine has a 7700rpm redline. “While evaluating engines for the Volvo P1800 Cyan, we considered a wide range of Volvo options, including the original B18, the ‘Red Block’ B230, the five-cylinder ‘White Block’, the short inline-6, the V8 built for the Australian Supercar Championship, and the four-cylinder VEA that powers the latest cars,” said Evensson. “The efficient and lightweight VEA (Volvo Engine Architecture) was chosen because it gave us the best opportunity to transfer experience from our race and performance cars of the past decade. It was also ideal for the project in terms of compactness and weight,” he continued. The engine made its debut in the 2011 Volvo C30 WTCC race car and was a key part in winning the 2017 Championship. “It's an engine that provided us with a strong mechanical base and a very efficient combustion system. We adapted it to suit the Volvo P1800 Cyan, increasing power throughout the entire rev range,” said Evensson. In fact, thanks to extensive experience, the engine was tuned to deliver a linear power curve, mimicking a normally aspirated engine and replicating the ’60s driving experience but with significantly increased performance and responsiveness. “The power peaks late. It was designed for high revs, with the torque intuitively linear to throttle pedal input. We learnt from racing that drivers want precise control of the torque.” A bespoke five-speed Holinger manual transmission with a dog-leg first gear was installed to again echo the mechanical feeling of the original Volvo P1800, but with a crisp gear change and the ability to handle the torque. The original P1800’s live rear axle was replaced with Cyan-designed independent rear suspension and a torque-biasing limited-slip differential. Mounted in a Holinger housing, the diff was geared to combine capable performance on the circuit with civilized behavior on the road. PURE DRIVING Having decided to give the project a retro feel, the engineering team didn’t want to overwhelm the driving experience with electronic aids. "We decided to apply our expertise in engine, chassis and aero design to create a car that delivers on the Cyan philosophy in terms of predictability and intuitive driver control. We wanted an analogue driving experience that would be true to the ’60s, but at a significantly higher level," Evensson explained. As a result, nothing distorts the experience; the car has no stability control, ABS or brake booster. "The Volvo P1800 Cyan is all about the direct connection between the driver, tires and road," Evensson continued. CARBON FIBER & STEEL When approaching a vehicle that’s more than 50 years old, a number of measures were deemed essential by the Cyan engineers. Alterations to accommodate a wider track and larger wheels, strengthening the body to reduce flex, and a repositioned greenhouse were top of the long list of design considerations. “The basis for a precise driving experience is a solid body structure. Cars from the ’60s always have weak points and low quality steel that allows flexing,” said Evensson. “Using experience learned on the race track, we redesigned the original structure and strengthened weak points in the chassis through triangulation using high-strength steel. We also integrated the carbon fiber body with the chassis structure – It’s not simply separate pieces, the body panels became structural components joined to the steel with high-strength adhesive. This allowed the carbon fiber to greatly reinforce the structural rigidity.” Although the Volvo P1800 Cyan is significantly more rigid than the original 1964 P1800 donor vehicle, the process of refinement and reinforcement also added lightness. The car tips the scales at just 2180 lb (990kg), which contributes enormously to the driving fun. The result wasn’t simply an engineering study. A number of measures were taken to enhance the beauty of the original Swedish/Italian design. One of the key factors was enlarging the wheel housings to accommodate the 18x8.5” front and 18x9.5” rear forged wheels. Perhaps less obvious was the repositioned glasshouse, which saw the cabin moved slightly rearwards. It resulted in a slightly longer hood and front fenders, creating a subtly more sporting silhouette. “I think we succeeded in merging the new design and technology without losing the character of the original Volvo P1800,” said Ola Granlund, Head of Design at Cyan Racing. When listing the modifications, it’s almost easier to outline what remains original on the Volvo P1800 Cyan. It’s limited to steel from the original chassis, the hood release mechanism, handbrake and windshield wipers. Everything else is bespoke, including all the exterior chrome trim, bumpers, etc. The exquisite mirrors, door handles and lights are machined from billet aluminum. Even the glass is new, a very expensive but necessary upgrade to the Swedish resto-mod. And, of course, the Volvo P1800 Cyan was finished in the company’s signature cyan paint, instantly recognizable from its Polestar predecessors and a nod to the company’s racing heritage. Future production models will be available in any color, with a stunning vehicle in a totally different color and interior promised for The Quail debut. DRIVER-FOCUSED CHASSIS The steel and carbon fiber-reinforced chassis is equipped with fully adjustable front and rear suspension. It features bespoke, lightweight components, including aluminum uprights, double wishbones and two-way adjustable dampers with Cyan valving. “We’re really pleased with the level of grip and responsive steering we achieved,” said Thed Björk, development driver and 2017 World Touring Car Champion with Cyan Racing. “The car goes exactly where you point it. You can be brutal going into a corner and still find your apex within millimeters. However, the set up isn’t aimed at the ultimate lap time, instead we focused on delivering an enjoyable and exciting driving experience." The driver is connected to the road by 235/40 front and 265/35 R18 rear Pirelli P Zero tires mounted on 18" forged, centerlock wheels. The braking system utilizes four-piston calipers at both ends, with 362x32mm steel rotors up front, and a genuine pedal feel thanks to the elimination of both a brake booster and ABS that can otherwise interfere with the operation. AVAILABILITY & PERSONALIZATION Every Volvo P1800 Cyan is hand-built in the Cyan Racing Gothenburg headquarters. Each is based on a genuine P1800 donor chassis. Prospective clients should please contact Hans Bååth, GM, Cars at Cyan ( sales@cyancars.com ), for pricing and individual specification. Each Volvo P1800 Cyan is built to the client’s exact specifications. The car’s design allows it to be tailored into anything from a lightweight, high-performance cafe racer to a grand tourer, which can be enjoyed on winding roads on a summer morning. “A Volvo P1800 Cyan is not a car you buy for practical reasons. It was created to fulfill the desire to own and drive a totally unique and personal car. The opportunities for personalization and customization are plentiful, and all with the aim of total customer satisfaction,” said Bååth. Prices start from around $700,000. TECHNICAL SPECIFICATIONS Volvo P1800 Cyan ENGINE Size: 2000cc Number of cylinders: 4 Cylinder alignment: inline Valves per cylinder: 4 Aspiration: turbocharged Bore x stroke: 82x93.2mm Compression ratio: 10.2:1 Maximum power: 420hp at 7000rpm Maximum torque: 356 lb-ft at 6000rpm Maximum boost: 2.7 bar Maximum RPM: 7700rpm Fuel system: direct injection Turbo: Borg Warner EFR, ceramic ball bearings, gamma-ti turbine wheel Exhaust: Dual-tube stainless steel with twin catalytic converters TRANSMISSION Driven wheels: RWD Transmission type: manual synchromesh, helical cut, dog-leg Number of gears: 5 Clutch: 200mm, organic disc Flywheel: Single-mass steel Driveshaft: carbon fiber Final drive: limited-slip differential with interchangeable final drive SUSPENSION Front: double wishbone, adjustable camber, caster, toe and bump steer Rear: double wishbone, adjustable camber and toe Dampers: Adjustable compression and rebound, front and rear Anti-roll bars: tubular bars front and rear, adjustable rear stiffness Steering rack: Rack & pinion, adjustable ratio BRAKES Front: four-piston calipers, 362x32mm rotors Rear: four-piston calipers, 330x25.4mm rotors WHEELS & TIRES Front tires: 235/40 R18 Pirelli P Zero Rear tires: 265/35 R18 Pirelli P Zero Wheels: forged, centerlock Front wheels: 18x8.5” Rear wheels: 18x9.5” BODY Construction: high-strength steel and bonded carbon fiber Rollcage: titanium Custom: extended hood and front fenders, bumpers, exterior trim, fuel cap placement Billet aluminum: every chrome part on the car, including door handles, mirrors, lights, front grille, bumpers, etc Glass: all glass is bespoke for the vehicle’s updated design Electronics: Modern CAN-bus, PDM-controlled system designed and installed by Cyan electronics engineers Paint: Cyan INTERIOR Seats: Recaro Instruments: digital, manufactured for the Volvo P1800 Cyan project Switches, etc: custom-made DIMENSIONS Wheelbase: 2446mm Length: 4203mm Width: 1748mm Height: 1220mm Track front: 1466mm Track rear: 1489mm Fuel tank capacity: 57 liters Curb weight: 990kg Weight distribution: F:R 47:53% EDITOR’S NOTE Please use this link for high-resolution images: dropbox.com/sh/8se6kzdgo1wbwr6/AACIDS-NCJglgIjKgYAwXTSIa?dl=0 A video of the Volvo P1800 Cyan is available to download here: dropbox.com/s/a1tzr4jubkgryqj/Volvo P1800 Cyan Bernina Pass.mp4?dl=0 ABOUT CYAN RACING Founded in 1996, Cyan Racing was formerly named Polestar until Volvo Cars acquired the performance section and trademark in 2015. Cyan Racing is privately owned and operated. The racing team has claimed the last five Touring Car World Championship titles, most recently claiming the 2021 WTCR team and driver’s championships with Lynk & Co. As Polestar, the company developed Polestar performance models of the Volvo S60 and V60 from 2013 to 2015, including the Volvo C30 and S60 Polestar Concept Prototypes. For information about Cyan Racing, please visit cyanracing.com For information about the Volvo P1800 Cyan, please visit cyancars.se Please note: the Volvo P1800 Cyan is marketed and sold independently by Cyan Racing, with no collaboration between Cyan Racing and Volvo Cars in relation to this project. The “Volvo” and “P1800” trademarks are owned by Volvo Cars. Contact Details Hans Baath hans.baath@cyanracing.com Greg Emmerson greg@theidagency.com Company Website https://www.cyanracing.com/

May 25, 2022 05:55 AM Pacific Daylight Time

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Foresight and Chinese Tier-One SUNWAY-AI Collaborate on Product Development Following Successful POC Project

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight”), an innovator in automotive vision systems, announced today the signing of a memorandum of understanding (MOU) with SUNWAY-AI Technology (Changzhou) Co., Ltd. (“SUNWAY”), a global Chinese manufacturer of autonomous and unmanned intelligent vehicle products. The agreement follows the successful completion of a proof of concept (POC) project, reported by the Company on January 12 of this year. The MOU establishes a joint development program for an obstacle detection system for unmanned vehicles based on Foresight’s stereoscopic technology, using both visible-light and thermal cameras. SUNWAY designs and develops autonomous farms in China, among other projects, and intends to incorporate Foresight’s stereo vision technology into its unmanned agricultural vehicles and heavy machinery. The new product is designed for use by SUNWAY’s customers in solutions for the agriculture industry. Furthermore, SUNWAY will apply for the endorsement and financial support of the Chinese province of Jiangsu to underwrite and otherwise advance the joint development. Meanwhile, both parties intend to negotiate a commercial agreement to develop the above-mentioned obstacle detection system for SUNWAY’s end-customer and to establish a joint venture in China. About SUNWAY-AI Technology SUNWAY-AI Technology (Changzhou) Co., Ltd. focuses on research and development, design, manufacturing, and sales of intelligent vehicle technology and products. SUNWAY’s employees include technicians from the Institute of Automation of the Chinese Academy of Sciences, Tsinghua Automobile Research Institute, BAIC, and China Automobile. SUNWAY’s technologies and products are applied to autonomous vehicles, unmanned logistics and transportation vehicles, and unmanned commercial vehicles. Commercial cooperation to date includes well-known domestic enterprises such as XCMG group, LiuGong Group and Shenzhen Airport. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the MOU, including the intended joint development program of an obstacle detection system for unmanned vehicles for use by SUNWAY’s customers in the agriculture industry, that SUNWAY intends to apply for financial support from the Chinese province of Jiangsu and that the parties intend to negotiate a commercial agreement and to establish a joint venture in China. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F filed with the Securities and Exchange Commission ("SEC") on March 31, 2022, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

May 25, 2022 08:10 AM Eastern Daylight Time

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Global Affairs Canada Arranges High Level Meetings for Volatus at CANSEC 2022

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") announces high-level meetings with military attaches from LATAM and Europe during CANSEC 2022. Several visiting delegations, including Lieutenant General Carlos Chávez Cateriano, Chief of Staff for the Peruvian Air Force, have requested meetings with Volatus during Canada’s largest global defence and security event being hosted at the EY Center in Ottawa on June 1-2, 2022. "We are honoured to have Lieutenant General Cateriano visit us at CANSEC as Peru and other sovereign entities look to add high-end military ISR and ISTAR drones to their capabilities" said Glen Lynch, Volatus CEO. "The Global Affairs Canada team has done an outstanding job helping us expand our business globally." During the show, Volatus will showcase a wide range of products including its mobile command vehicles, cargo & resupply drones, packable ISR drones, versatile land and sea ISTAR (Intelligence, Surveillance, Target Acquisition and Reconnaissance) and long-range surveillance drones. In addition, the company will debut its Task Force ISR service—a fully equipped team of Veteran UAV operators deployable globally to provide ISR services in times of crisis or natural disaster. The company will be showcasing products and services at CANSEC 2022 in Booths #801, #1911 and #3036. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, and Latin America. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding (i) the business plans and expectations of the Corporation; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects the Corporation’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Volatus Aerospace Corp. Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

May 25, 2022 07:50 AM Eastern Daylight Time

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Volatus Aerospace to showcase leading Tactical ISTAR Drone at CANSEC as part of its Strategic Partnership with Aerovel

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is pleased to announce a strategic partnership with Aerovel, manufacturer of the Flexrotor. The Russian invasion of Ukraine prompted Volatus to seek an industry-leading UAV solution with exceptional military accuracy, intelligence, surveillance, target acquisition, and reconnaissance ("ISTAR") capabilities. "We have been supplying small ISR drones to Ukrainian forces, and our team is in regular contact with Ukrainian defenders on the frontline. Aerorozvidka leadership tell us that the small drones are becoming less effective because of their low altitude and short endurance combined with Russian jamming. Lt. Col. Yaroslav Honchar shared that Russian forces have dug in and are indiscriminately bombarding Ukraine's civilian populations from concealed places, with no regard for the death and destruction inflicted on non-military targets. Ukraine needs dynamic situational awareness and accurate targeting," said Glen Lynch, Volatus CEO. "The Aerovel Flexrotor is capable of altitudes of up to 6.5 km, airspeeds of up to 170 kph and staying aloft for up to 30 hours, making it the ideal solution. We look forward to broadening our relationship with Aerovel as we work to supply Ukraine with the capabilities they need to protect civilian populations targetted by Russia.” Volatus will showcase the Flexrotor at CANSEC 2022, Canada's largest global defence and security trade show. The company has indoor (#801 and #1911) and outdoor (#3036) booths. Ali Dian, Aerovel CEO, stated: "We are hopeful that we can support Ukraine and its courageous defence fighters. Volatus and Aerovel have a shared vision of the enormous market potential for the Flexrotor as global defence ministries realize how critical it is to have these UAV-enabled ISR and ISTAR capabilities. Our relationship with Volatus also provides the capability to expand our manufacturing to Canada. We’re looking forward to standing together at CANSEC 2022.” About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, and Latin America. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding (i) the business plans and expectations of the Corporation; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects the Corporation’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Volatus Aerospace Corp. Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

May 24, 2022 07:45 AM Eastern Daylight Time

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Have Suitcase, Will Travel: Trends and Insights on Destinations U.S. Travelers Want to Visit by Travelport

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/xxXF7z1TE-Q After two years of pandemic-related cancellations, Americans are ready to travel. While the last two+ years have been a significant challenge, the global travel industry recovered more than 50% of its gross booking activity by the end of 2021. Should this trend continue along the same trajectory, it could reach 85% recovery by the end of this year. Even though we just sprung into spring it is never too early to start locking in plans for travel in June, July and August. With school breaks and extra sunshine, the summer months are peak travel season for Americans. The demand for travel is so high that a recent survey from Travelport finds people prioritize travel over entertainment, shopping and even self-care. Want to know how travel starved Americans are? Get a load of these stats from the survey: · 75% of respondents would forgo concerts to travel · 75% would stop buying new clothes to travel · 74% would give up spa treatments to travel “While the last two+ years have been a significant challenge, the global travel industry recovered more than 50% of its gross activity by the end of 2021,” said Jen Catto, Chief Marketing Officer for Travelport. “Should this trend continue along the same trajectory, it could reach 85% recovery by the end of this year. The pent-up desire to travel is strong. Our latest survey findings clearly demonstrate this, highlighting how many indulgences people are willing to sacrifice in order to travel again. For more information, visit http://www.travelport.com About Travelport: Travelport is a global technology company that powers bookings for hundreds of thousands of travel suppliers worldwide. Buyers and sellers of travel are connected by the company’s next generation marketplace, Travelport+, which simplifies how brands connect, upgrades how travel is sold, and enables modern digital retailing. Headquartered in the United Kingdom and operating in more than 180 countries around the world, Travelport is focused on driving innovation that simplifies the complex travel ecosystem. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

May 23, 2022 12:30 PM Eastern Daylight Time

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