Transportation

Airlines Automotive Electric Vehicles Logistics Maritime
News Release Digital Asset Direct

UD Trucks kicks off global launch of new Euro 5 truck range

UD Trucks

SINGAPORE - Media OutReach - 30 September 2021 - UD Trucks today unveiled a new Euro 5 range for the well-established Quester (heavy-duty) and Croner (medium-duty) trucks. The upgrade also boasts enhanced features that will improve uptime, enhance efficiency, and optimize Total Cost of Ownership (TCO), all while lowering the vehicle’s environmental impact and retaining benefits from previous models. The new Euro 5 range will be introduced in fast-growing and emerging regions around the world that are moving to adopt more stringent international emission standards in a bid to cut pollution and improve air quality. In most markets, UD Trucks’ new Euro 5 range will be introduced ahead of these regulations to better prepare businesses for the switch to a cleaner fleet. This latest launch bolsters UD Trucks’ Better Life purpose – to be better for logistics, the planet, people, and business. Better Life drives the integration of sustainability across all of the company’s operations and processes to realize lower environmental impact, higher customer satisfaction, higher profitability, and a better place for people to work and live. Jacques Michel, UD Trucks International Sales, Senior Vice President, said “In today’s world, sustainability is more important than ever. COVID-19 is also placing more emphasis on a more sustainable approach to driving a post-pandemic recovery. Modern and efficient logistics is vital to keep the world moving in these fast-evolving times, and our latest launch will ensure greater resilience for businesses while ensuring environmental impacts are minimized.” Ensuring businesses stay competitive in a rapidly changing world with Euro 5 Air pollution is one of the largest health threats facing the world today[1]. According to the International Energy Agency (IEA) global energy review 2021[2], global energy carbon emissions are projected to rebound in the post-COVID era to grow by 4.8%. This would represent the largest single increase in over a decade. Emissions from transportation alone are at risk of increasing global emission levels by over 1.5%. Moving towards cleaner fleets is imperative. Euro 5 reduces NOx emissions by about 43% compared to Euro 4 and significantly reduces the carbon footprint of the vehicle through cleaner emissions. As the first truck manufacturer to introduce Selective Catalytic Reduction (SCR) technology in 2004, UD Trucks’ new Euro 5 range features SCR technology to significantly boost environmental protection and fuel economy. With these benefits, SCR technology is proven to be more reliable when compared to other emission control technologies for reducing NOx emissions. Aside from featuring a Euro 5 system with SCR technology, the new range of Quester and Croner also features a new instrument cluster with real-time fuel coaching. This enhancement provides drivers with immediate and specific feedback on driving techniques that are more fuel efficient. New instrument cluster with real-time fuel coaching Quester has evolved with the times Quester, a heavy-duty truck that combines excellent fuel efficiency with durability, has evolved further to meet today’s transport and environmental challenges. The latest Euro 5 upgrade and new instrument cluster add to Quester’s other standout features: Smart: Connected and business-ready with innovative UD Telematics – a high-tech wireless communications system – allows transportation companies to maximize efficiency with real-time vehicle tracking and geofencing. Sustainable: Increased fuel efficiency with numerous features including ESCOT automated manual transmission. Combined with lighter tare weight and optimized driveline, fuel economy can improve by up to 10% compared to the previous Quester model. Safe: Quester with ESCOT takes away the drivers’ need to shift an average of 1,000-1,500 times a day by automatically selecting the right gear at any given time. This leads to less stress and improves safety by allowing the driver to focus more on the road. Croner, ahead of its time A reliable and versatile medium-duty truck, Croner has been designed to make every moment count. The latest Euro 5 upgrade and new instrument cluster add to Croner’s other tried-and-tested features: Wide and customizable model offering – Croner can be configured to suit specific applications and optimized for better productivity. Fuel efficiency – Aerodynamic cab design reduces the drag coefficient by 5% compared to previous models. Drivability – Allison automatic transmission and superior ergonomics provide more comfort for the driver, resulting in less fatigue and higher productivity. More space, comfort, convenience – Croner’s cabin has been designed to put driver comfort first. It also comes with numerous active and passive safety features to protect the driver, cargo, and surrounding traffic. Michel concludes, “For 86 years, we have grown UD Trucks to be a truck brand of choice for our customers. We are committed to continuing our endless pursuit of bettering lives in the spirit of our ‘Gemba’ philosophy, leveraging smart and sustainable logistics solutions to provide ultimate dependability for our customers, business partners, colleagues and society at large.” The new Euro 5 range of heavy-duty Quester and medium-duty Croner will be rolled out in key growth markets – across Southeast Asia, Middle East, Africa, and Latin America – from October 2021 onwards. For more information on the new Euro 5 range, visit https://www.udtrucks.com and watch the digital reveal film at https://www.udtrucksdriveforbetter.com. Join the conversation on social media at https://www.facebook.com/UDTrucksJP and https://www.linkedin.com/company/ud-trucks-corporation. [1] United Nations Economic Commission for Europe: Air pollution and health https://unece.org/air-pollution-and-health [2] International Energy Agency (IEA) Global Energy Review 2021: https://www.iea.org/reports/global-energy-review-2021/co2-emissions [3] Automotive Fleet: Asset & Driver Strategies to Reduce Fuel Spend https://www.automotive-fleet.com/10139856/asset-driver-strategies-to-reduce-fuel-spend About UD Trucks UD Trucks is a leading Japanese commercial vehicle solutions provider, active in more than 60 countries on all continents. Since its inception in 1935, the company has been an innovation leader with a clear vision to provide the trucks and services the world needs today. The company is committed to go the extra mile for smart logistics with the most dependable solutions for demanding customers. To best support across applications and geographies, UD Trucks offers a full range of heavy duty trucks – Quon and Quester, medium duty trucks – Condor and Croner, and light duty trucks – Kazet and Kuzer, as well as associated operational and financial services. For more information from the UD Trucks, please visit http://www.udtrucks.com/en-int/home #UDTrucks Contact Details Director, Brand and Marketing, UD Trucks International Sales Tricia Thet tricia.thet@udtrucks.com

September 30, 2021 03:00 AM Eastern Daylight Time

Image

Minuteman Press Bethesda Partners with In America Flags to Remember COVID-19 Victims

Minuteman Press International Inc

In America: Remember is a public art exhibition being held at the National Mall that displays 660,000 white flags to honor the people in America who have been lost due to COVID-19. Minuteman Press in Bethesda, Maryland, is a partner for the exhibition, providing printed message cards from people all over the country who are paying tribute to loved ones through the In America website. “We are glad to be able to do our part to help this art exhibition,” says Leslie Klein, owner, Minuteman Press, Bethesda. “Every day, we receive all of the messages that were submitted through the In America website and we print them 8 up on 11 x 17 sheets to create 4.25 x 5.5 cards. Every night, I drop off the finished cards to one of the volunteers, and then they are transcribed onto the flags by another group of volunteers.” Leslie adds, “This is a total team effort and we are proud to be partners in such an important and moving exhibition. Our hearts go out to those who have been lost and their families.” The In America: Remember exhibition was designed by artist Suzanne Brennan Firstenberg. The exhibition is open for public participation now through October 3 rd, 2021. Hours are Weekdays from 10 AM – Sunset and Weekends from 9 AM – Sunset. For more information, visit https://www.inamericaflags.org. Minuteman Press in Bethesda is located at 8210 Wisconsin Ave., Bethesda, MD 20814. For more information, call 301-656-1188 or visit their website: https://minuteman.com/us/locations/md/bethesda Learn more about Minuteman Press products and services at https://minuteman.com Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

September 28, 2021 10:00 AM Eastern Daylight Time

Image

Atlys Survey Finds New and Emerging Travel Patterns Amongst Americans Showing Increases in Travel Expenses; Non-Vaccinated Travelers on the Rise

Atlys

Eighteen months after the start of the coronavirus pandemic, countries have reopened borders to travelers. A recent survey conducted by Atlys found new and emerging travel trends, with travel becoming more expensive and uncertain than ever. The survey analyzed data from more than 3,500 travelers who used Atlys to travel abroad to understand these new travel patterns amongst Americans. Travel expenditure increased by a whopping $330 per trip due to COVID-19-related entry requirements, and so has the uncertainty, with 41% of travelers actively involved in travel communities related to their journeys. Additionally, 58% of American travelers were unvaccinated, with the most common destinations being Mexico (37%), Greece (19%), Dominican Republic (12%), Bahamas (11%), and Aruba (13%), and Costa Rica (8%). Major Survey Results Other significant results from the Atlys survey conducted over the summer include: 58% of Americans that traveled abroad this summer were not vaccinated. As countries reopened their borders, non-vaccinated travelers returned to the same travel patterns as before COVID-19. Old travelers are on the rise with a quarter being 50+. Amongst other demographic shifts, 47% of millennials refused to travel because of high costs, while 25% were scared to travel with unvaccinated children. Florida is the hub for unvaccinated travelers: 20% of unvaccinated American travelers live in Florida. The top 4 U.S. states by active COVID-19 cases also led the pack for most outbound travel amongst unvaccinated Americans. Florida accounted for most outbound unvaccinated tourists, followed by Texas, New York, and California. Traveling is inefficient: Each traveler spends more than 5 hours determining entry requirements and filling out paperwork. In addition, 23% of travelers saying they contacted either their airline, hotel,” or travel platform to understand the entry requirements with airlines call waiting times running into hours. The New Normal The current process is highly confusing for travelers. Mohak Nahta, CEO and founder of Atlys, said, “This survey highlights the inefficient processes set in place by governments. While it’s understandable that requirements exist to keep COVID-19 at bay, countries must streamline the process. As countries look to revamp tourism, they underestimate the impact of fast, efficient systems and clear, easy-to-understand processes have.” Countries have introduced a range of requirements to enter, making it more expensive to travel than ever. On average, the extra cost adds up to $330 per traveler and constitutes COVID-19 visas, travel insurance, and COVID-19 tests. In addition, 79% of travelers expressed frustration at the lack of disclosure by hotels & airlines on the added costs of traveling, only to discover them much later when the cancellation was not an option. A COVID-19 visa, also known as a health visa, is a new visa that travelers need to get. While they’re electronic, the approval is not instant. Authorities review each application; they can only be submitted a few days before the trip and are not free. “I wanted to travel to the United Kingdom, but I need to get a test within three days and then once I reach on the second and eighth days, and in between too? I am confused. I just decided not to go," said Sid, a 26-year-old Software Engineer based out of New York City. Many other travelers echo this sentiment, and the survey brings to light the importance of building systems to guide and educate travelers in the post-Covid world. About The Survey Atlys conducted the survey based on data from 3500 Atlys users between May 15, 2021, and September 5, 2021, for U.S. adults ages 18 and older. The Atlys app makes it fast & easy for travelers to get their visas. Contact Details Atlys Media Relations +1 650-550-1417 pr@atlys.com Company Website https://www.atlys.com/

September 28, 2021 08:03 AM Eastern Daylight Time

Image

D8.co to Launch 1-Hour Delivery for Delta-8 THC Products

D8 Holdings, Inc.

D8.co the market leader in hemp-derived Delta-8 THC —today announced it is launching 1-hour delivery for consumer orders throughout the United States. D8.co will deliver their award winning Delta-8 carts, Delta-8 disposables, and Delta-8 gummies to any customer within 1-hour in a 25-mile radius of any professional NFL team. Outside that radius customers will receive next day packages at the latest. “The largest problem we have is fulfillment and delivery,” said Chris Duffield, CEO of D8.co. “Anyone shipping consumer goods knows that all the carriers are a current nightmare. We have shipped thousands of packages priority and the majority show up two or three days late, with far too many getting lost or stolen. If a customer places an order after cutoff on Friday, they have to wait an additional three days. Customers want our products, and they want them immediately.” The first six states D8.co will integrate into their program are Texas, Georgia, Florida, Minnesota, Ohio, and North Carolina. The company will expand into the rest of the U.S immediately, with full integration expected to take approximately 45 days. “We have more than 50 major fulfillment centers locked in that are centrally managed from our cloud technology. Once an order is placed, our customers will receive an email and text where they can track our drivers all the way to delivery,” said Hugh McPherson, EVP of D8.co. D8.co expects to immediately double online sales with the new integration. “We are extremely excited to launch 1-hour delivery,” said Duffield. “We just became the largest cannabis company in the United States, which makes us a prime acquisition target. I’m very proud of our core team and all the hard work everyone has put in to make D8 the number one brand in the market.” About D8.co D8.co is based in Colorado and Miami with satellite offices in Las Vegas and Los Angeles. The company is an assembly of the top hemp and cannabis minds in the country. With backgrounds in extraction, chemistry, manufacturing, marketing, distribution, and legal, the D8 team came together organically around this elusive, but extremely powerful molecule to create a new category of products. More info at www.d8.co. Contact Details D8.co Chris Duffield +1 424-333-2112 chris@d8.co Company Website https://d8.co/

September 23, 2021 12:26 PM Eastern Daylight Time

CORRECTING and REPLACING NEXT TRUCKING Appoints New Product and Technology Executives to Drive Platform Growth

Next Trucking

This release issued on September 22, 2021 is being replaced with the following corrected version due to multiple revisions. The updated release reads: NEXT TRUCKING Appoints New Product and Technology Executives to Drive Platform Growth Drayage Tech Leader Welcomes New CTO and CPO to Build Out the Next Generation of Technologies to Disrupt the Logistics Industry NEXT Trucking, a FreightTech pioneer that connects shippers and carriers through a digital marketplac e, today announced the addition of Vipul Shah as Chief Product Officer and Bo Tao as Chief Technology Officer. These strategic hires bring deep technical expertise in automation, machine learning and analytics to drive efficiency in the supply chain. Tao and Shah will drive improvements within the comprehensive NEXT Trucking platform, to enhance carrier and shipper experience across the spectrum of activities required to move a container, from delivery order processing and load matching to shipper billing and driver payout. “There is a lot of friction and lack of predictability in the supply chain today, diminishing earnings for drivers and wreaking havoc in shipper working capital,” said Lidia Yan, CEO, NEXT. “We believe strongly that technology has a key role to play in reducing this waste and creating economic opportunity. Vipul and Bo have the technical skills and expertise, including experience in scaling large platforms, to fuel NEXT’s growth.” A twenty year FinTech veteran, Shah previously led development of global payments platforms at PayPal and Google. “I've always been drawn to visionary efforts to create economic opportunity with technology,” said Shah. “NEXT's mission to empower drivers and shippers, and to reduce friction in freight, really resonated. A platform isn’t just great code, it's relationships and collaboration with key players in the ecosystem. I’m humbled to continue the great work of our founders Lidia and Elton, bringing together shippers, carriers, terminals, ports and other technology innovators on the NEXT platform.” Tao led engineering for Google’s image and food search and brings over twenty years of engineering, product development and management expertise to NEXT. “Matching shippers and carriers through a marketplace can greatly improve the efficiency of transportation, similar to what we have witnessed in consumer industries,” said Tao. “NEXT is a leading provider of such products and services with a proven market fit and a long runway ahead of it. I am extremely excited to join this market disruptor to improve the efficiency and economics of drayage, and to reduce the burden that drivers and shippers face today.” For more information, please visit www.nexttrucking.com. About NEXT Trucking NEXT Trucking, a FreightTech pioneer and drayage leader, offers premium shipping experiences to many of the world’s best-known companies. NEXT’s platform connects shippers with freight capacity across drayage, transload, and OTR. Headquartered in El Segundo, CA, NEXT is venture-backed by leaders such as Brookfield Ventures, GLP, Sequoia Capital and Mucker Capital. For more information, visit www.nexttrucking.com. About NEXT Trucking NEXT Trucking, a FreightTech pioneer and drayage leader, offers premium shipping experiences to many of the world’s best-known companies. NEXT’s platform connects shippers with freight capacity across drayage, transload, and OTR. Headquartered in El Segundo, CA, NEXT is venture-backed by leaders such as Brookfield Ventures, GLP, and Sequoia Capital. For more information, visit www.nexttrucking.com. Contact Details Sofia Spieler +1 347-870-9402 nexttrucking@trustrelations.agency Company Website https://www.nexttrucking.com/

September 22, 2021 04:22 PM Eastern Daylight Time

MarketFinance in pole position as it raises £280m and is approved for Recovery Loan Scheme lending

Stockwood Strategy

Fintech business lender MarketFinance has today announced a £280m debt and equity fundraise and its accreditation under the Recovery Loan Scheme (RLS). This comes after MarketFinance became one of the first fintechs to be accredited under the Coronavirus Business Interruption Loan Scheme (CBILS), having lent £250m to companies across the UK. Launched by the British Business Bank in April 2021, the Recovery Loan Scheme supports access to finance for UK businesses as they recover and grow following the pandemic. Funding from the Scheme can be used for any legitimate business purpose including managing cashflow, investment in new equipment and preparing for future growth. It is designed to appeal to businesses that can afford to take out additional finance for these purposes. MarketFinance is ready to lend immediately with its debt and equity funding. The debt financing has been provided from a large global investment firm alongside Italy’s largest bank, Intesa Sanpaolo S.p.A. The equity investment was led by Black River Ventures (previous investments include Marqeta, Upgrade, Coursera and Digital Ocean) with participation from existing investor, Barclays Bank PLC. Alongside this, the launch of MarketFinance Flex Loans today will aim to help nearly one million SMEs in the UK solve their short-term funding gaps up to £100,000. Viola Credit has provided MarketFinance with £20m to launch the Flex Loans product. Similar to a credit card or overdraft, businesses will have a pre-agreed limit of up to £100,000 which they can withdraw at once or in smaller amounts. Flexible repayment options enable the businesses to spread their repayments over 3 - 12 months based on their working capital needs. It is a solution to support a variety of one-off and ongoing funding requirements such as purchasing inventory, clearing outstanding invoices, upfront supplier payments, investment into sales and marketing, or expanding the team. Anil Stocker, CEO at MarketFinance, commented: “This funding and our accreditation as a Recovery Loan Scheme lender is testament to the brilliant work everyone at MarketFinance has done to serve UK businesses during a difficult period. Adapting to the increased demand from businesses looking for finance online instead of through traditional avenues also drove our profitability this year, which has continued into H2 2021”. From today, businesses can immediately apply* for an RLS loan from MarketFinance between £50k and £250k repayable over 4, 5 or 6 years. Repayments in the first six months of the term will only consist of interest charges, an additional support measure as businesses gear themselves for a full reopening of the economy. Anil Stocker aded: “Businesses have been resilient and managed to hold their nerve during one of the most difficult periods in recent history. We were there to help with the CBILS and will do the same with the RLS by offering a simple application process, quick decisions and sending funds to businesses immediately. Our fundraise puts us in pole position to do this. We played a key role during CBILS, as one of the first fintech lenders, to help get funds to businesses quickly when they found their applications were delayed and or denied by others. We will stand shoulder to shoulder with businesses and help navigate them through to the full reopening of the economy and beyond”. As a native fintech, the MarketFinance platform is designed to receive, process and manage large volumes of businesses applying for finance using the platform. From simple online application forms, enhanced credit risk models to exceptional one-to-one customer support, MarketFinance will get RLS funds to businesses in need, quickly. “We aim to quickly lend to businesses around the UK. We anticipate demand for RLS to come from companies that will need capital to scale operations ahead of the full reopening of the economy. Manufacturers, wholesalers, public services businesses and a range of others will need the funds to ramp up supplies and build pipelines as business returns to normal” added Anil Stocker. Ends *Minimum eligibility criteria for RLS business loans through MarketFinance: Limited Company or Limited Liability Partnership Trading for more than 3 years, has a turnover of more than £200,000 Company sells goods and/or services to consumers and/or other businesses About MarketFinance MarketFinance is a business finance company with offices in London and Manchester. The online platform enables businesses to access a range of flexible finance solutions - quickly and easily. This smart technology is backed by help from real people so business owners can save time and focus on growing their business. Since 2011, MarketFinance has cumulatively advanced over £2.6 billion to companies across a range of sizes and sectors, providing working capital and finance for everything from paying staff and suppliers to launching new products or services and accelerating growth. MarketFinance is backed by Barclays Bank PLC, Mouro Capital, European venture capital fund Northzone (invested in Klarna, iZettle and Trustpilot), and private equity group MCI Capital (also invested in iZettle, Azimo and Gett). About the Recovery Loan Scheme (RLS) The Recovery Loan Scheme is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA. Contact Details MarketFinance Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://marketfinance.com/

September 21, 2021 08:00 AM Eastern Daylight Time

Image

WIN Adopts New Corporate Name, Centerboard – The Logistics Industry's Neutral Technology Platform

Centerboard

Leading logistics technology platform, Web Integrated Network (WIN), today announced it will be adopting a new corporate brand name, Centerboard, to best reflect its overall mission of giving shippers control over their supply chain using the growing slate of neutral, shipper-centric transportation and supply chain management technology solutions it is developing. A truly neutral solution, Centerboard empowers the shipper to utilize its own contract carrier relationships – as well as accessing any carrier/broker in the spot market. There is more than $1 billion in freight value running through the platform. The company also unveiled a range of new features for its core platform, now known as WIN, by Centerboard. Centerboard, which will continue to operate as a standalone entity from its former parent company, Odyssey Logistics & Technology Corporation, is focused on providing shippers with solutions that are easy to use, customizable and designed for integration, while being more affordable than other options. Centerboard’s proprietary technologies provide supply chain stakeholders access to real-time data, providing unprecedented transparency and efficiency and helping shippers move goods in the fastest, most cost-effective and sustainable manner. Unlike older legacy systems, the company’s product development approach leverages modern, nimble, modular architecture, enabling Centerboard to offer shippers of all sizes the advantage of continuous improvement with the latest technology. Centerboard’s philosophy and modular approach enables supply chain participants the ability to integrate and upgrade while minimizing development costs. Centerboard’s leadership team consists of Glenn Riggs, President; Lindsey Shellman, Chief Commercial Officer; and Xavier Amella, Chief Technology Officer. The company was founded in 2017 and the cost-effective, cloud-based solutions it created like WIN, by Centerboard have helped companies of all sizes save time and money, resulting in increased profits. “Dairyland Trading Co. is a satisfied customer of WIN. Last year alone the WIN software contributed to our 27 percent year over year growth,” said Jerry Haines, Owner and Manager at Dairyland Trading Co. LLC. “We are looking forward to using the expanded features of the WIN, by Centerboard offering to increase our efficiencies as we continue to meet the shifting demands of shipping our goods.” Centerboard enables shippers to transact with quality carriers as well as successfully and easily integrate with legacy and emerging technology. Along with a new vision for the industry, the rollout comes with new platform features like advanced shipment notifications which sends notifications on all order tracking messages, helping to improve costs, accuracy and flexibility. Additionally, a new spot quote carrier setup feature helps to increase efficiencies. “Working with Centerboard allows us to provide our customers with seamless, easy access to key transportation management features right within our system,” said John Walker, Logistics Product Manager at Encompass Technologies, a comprehensive cloud-based ERP for the beverage and food industry. “Centerboard’s technology architecture is designed to be flexible, modular, and agile, which allows our team to upgrade to the latest technology, saving our team and customers time and money.” “The rollout of Centerboard’s solutions, including our ability to offer both standard and custom integrations, allows us to solve key issues facing the shipping and logistics industry. For the first time, shippers are able to take command of their supply chain and to access the features they need most,” said Glenn Riggs, President of Centerboard. “Supply chain is the lifeblood of business, but it’s complex, fragmented and often difficult to find answers to inform good decision making. Centerboard changes that with simplicity, easy integration capabilities and affordability.” To learn more about Centerboard and the new solutions offered through WIN, by Centerboard, visit www.centerboard.com. About Centerboard Centerboard is a neutral, shipper-centric transportation and supply chain management platform supplying shippers with access to a wide range of affordable features needed to take control of operations. Centerboard unlocks business opportunities for shippers, carriers and supply chain stakeholders, through leveraging real-time data. Centerboard is out to make the supply chain more sustainable and efficient to ensure less waste and significant carbon reduction with every trip. Contact Details Kite Hill PR for Centerboard Kite Hill PR centerboard@kitehillpr.com Company Website https://www.centerboard.com/

September 20, 2021 09:00 AM Eastern Daylight Time

The Royal Seal of Approval: Alaka’i’s hydrogen-powered advanced air mobility vehicle Skai is on a mission to decarbonize travel

Alaka’i Technologies

20 SEPTEMBER 2021 – Alaka’i Technologies, developer of the world’s first hydrogen-powered air mobility vehicle, today announces it is being featured in the official History of Parliament Trust ‘300 Years of Leadership and Innovation’ commemorative publication, which will be launched at Westminster Abbey on Wednesday, 22 September 2021. Alaka’i was nominated and selected by the Board of Trustees, including members from both Houses of Parliament and distinguished academics. The award recognizes Alaka’i’s commitment to decarbonizing travel with its groundbreaking Skai eVTOL vehicle (electric vertical take-off and landing) that is setting a new standard for zero-emission air travel. Offering a sleek design and premium passenger experience, a radically simple fault-tolerant system with redundant levels of safety and reliability, an airframe-parachute, and hydrogen as its fuel source, Skai is poised to be the safest, cleanest and most versatile air mobility solution in the world. A key part of Skai’s innovation – and the reason the company was selected for this honor – is the use of clean, zero-emission hydrogen fuel cells for its power source. The majority of emerging electric air mobility vehicles rely on lithium-ion batteries. Besides their associated environmental impact, batteries are heavier and have far less energy density than hydrogen fuel cells resulting in short vehicle flight-time and range. Skai’s fuel cells have a significantly longer lifecycle and enable the vehicle to cruise at speeds of 100mph (160km/h) with a range of around 400 miles (645km) depending on the payload. The fundamental Skai advantage is the use of hydrogen, making it a zero-carbon, zero-pollutant solution that emits only heat and water. The result is simple, safe, reliable and clean air travel. While Skai can operate from traditional hydrogen sources, it is also the killer app for the fast-evolving green hydrogen. Green hydrogen is made from electrolyzing water using hydroelectric, wind, solar, tidal or other forms of renewable energy. As more and more green hydrogen sources come online, Skai is the first eVTOL capable of having a zero-carbon chain from hydrogen generation to flight. “The design realizes our core vision of transforming transportation and providing safe, affordable travel for all,” said Brian Morrison, inventor, co-founder and director of Alaka’i Technologies. “Skai offers practical, real-world solutions to everything from relieving traffic congestion to delivering cargo or supplies during natural disasters and transporting patients to hospitals. Our goal is the democratization of flight, to make flight as natural a part of the human experience as riding or taking a taxi.” Skai was co-designed by Designworks, the design innovation studio of the BMW Group, to leverage its creative expertise to help shape a world-class vehicle focused on the customer experience. “It is an honor to be part of this recognition and celebration of innovation,” said Holger Hampf, president of Designworks. “Our mission is to continuously revolutionize mobility systems including improved means of protecting the environment and the world we live in.” The History of Parliament Trust – one of the most respected and authoritative research projects in British history – produced its commemorative publication in partnership with leading publisher St James’s House. Written by an editorial team of distinguished academics and award-winning authors, this beautifully designed, fully illustrated, 600+ page hardback publication is being launched to coincide with the 300th anniversary of the appointment of Britain’s first prime minister, Robert Walpole, in 1721, and in the year of Her Majesty The Queen’s 95th birthday. For more information about Skai, visit www.skai.co. About Alaka'i Alaka’i Technologies – the name comes from the Hawaiian language, meaning to be the source or leader – is an emerging air mobility design and manufacturing company, headquartered in Stow MA. Founded by Brian Morrison in 2007, Alaka'i Technologies assembled a distinguished team with decades of aerospace development, production, management and airspace integration experience (NASA, Raytheon, Beech Aircraft, McDonnell Douglas, Hughes, DayJet, SATSAir, Metro Aviation, Delta Airlines) and FAA certification experience. Working together since the 1990 on industry-defining projects such as the NASA AGATE and SATS Programs, they also built and flew the world first-ever Fly-By-Light aircraft. Today, the Alaka'i team has over 35 US and numerous foreign patents stretching back to 2013, and is engineering proprietary, progressive air mobility solutions to offer point-to-any point transportation solutions that are clean, simple, safe, and accessible for everyone. Ultimately, transforming transportation through hydrogen-powered mobility. About Designworks Designworks, a BMW Group Company is both the innovation studio for the BMW Group and a global creative consultancy. The teams in the studios in Los Angeles, Munich and Shanghai work at the intersection of design, technology and innovation to unlock brand potentials and foster business growth for companies worldwide. Designworks leverages the power of BMW Group culture of innovation and cutting-edge design to advance the goals of its many external clients, including John Deere, Brunswick, Siemens, Corsair, Boeing and Singapore Airlines, whilst bringing outside perspectives and impulses to the BMW Group. www.bmwgroupdesignworks.com Contact Details Racepoint Global Tara Kadioglu +1 617-624-3239 Alakai@racepointglobal.com MUSTARD PR Dan Walsh +44 7827 816971 dan@mustardpr.com Company Website https://alakai.com/

September 20, 2021 09:00 AM Eastern Daylight Time

Video Image

Foresight CEO Letter to Shareholders

Foresight Autonomous Holdings Ltd.

Dear Shareholders, When we founded Foresight in 2015, we anticipated that autonomous and semi-autonomous vehicles would one day become the dominant modes of transportation on the world’s roads and railways. The development of these technologies is now reaching a crucial tipping point, as advances in 5G connectivity and edge computing will lead to groundbreaking achievements for autonomous vehicles. We believe that autonomous and semi-autonomous modes of transportation will be ubiquitous within the next five years. Our Innovation Foresight’s solutions ensure that specific autonomous and semi-autonomous modes of transportation — including automobiles, trains, and drones — have the ability to detect and classify any prospective dangers on the path ahead. These systems help to ensure safe passage not only for the vehicle itself, but also for those in the area surrounding the vehicle. As autonomous and semi-autonomous modes of transportation become part of our everyday lives, their adoption will depend on public trust in their safety and reliability. I believe Foresight’s solutions are an essential component in delivering that trust. Our Sales Cycle Just as the public is still coming to understand the potential value of autonomous transportation, the world’s leading manufacturers are still studying the many components and technologies which will comprise the autonomous vehicles of the future. In our current sales cycle, we are demonstrating to those vehicle manufacturers that Foresight’s QuadSight ® vision system represents the gold standard for stereo vision systems in the autonomous and semi-autonomous markets. As the need for advanced technological solutions becomes more and more imperative, these decisions are not taken lightly by vehicle manufacturers, and the process of demonstrating the superiority of our technology will take place as the market continues to evolve over the next months and years. The ongoing results inspire our confidence and indicate to us that we are getting closer to wider adoption and are well positioned to address the market's needs. We continue to generate interest from vehicle manufacturers in the United States, China, Europe and Asia, that order our prototype system for evaluation and testing. Additionally, the satisfying progress with Elbit Systems, our partner in the defense market, demonstrates that the promise of our technology extends beyond passenger vehicles to include the massive markets for defense and industrial vehicles. Most vehicle manufacturers are currently evaluating and choosing the technologies that will be used in their new vehicles. The next step will be mass production of such technologies. Based on the competitive advantages of our product, we are confident that Foresight will play a vital role in the mass production of many leading mobility solutions. Our visible-light and thermal infrared cameras can be mounted anywhere on a vehicle, with auto-calibration allowing unparalleled modularity for vehicle designers and manufacturers. This key innovation enables our solution to cover longer distances with higher accuracy, reducing the time needed for an autonomous vehicle to process and react to a potentially dangerous situation. Our thermal infrared cameras, provided by global leader FLIR Systems (acquired by Teledyne Technologies (NYSE: TDY, market cap: $19.7B), allow our vision system to operate seamlessly in harsh weather and lighting conditions. We believe that Foresight’s QuadSight vision system is essential for manufacturers who aim to design the safest autonomous transport experience, and we are confident that this will lead to future commercial agreements and rapid growth. Latest Achievements During the last quarter, Foresight saw multiple promising developments that we believe point to a bright future: In August, Foresight successfully completed the first milestone of a paid proof-of-concept (POC) project with a leading European vehicle manufacturer We also began a POC project with a Chinese vehicle manufacturer We added a significant new vertical, announcing a POC project to integrate Foresight’s technology in the autonomous drones of Wonder Robotics We received notice of U.S. patent allowance for an all-weather and lighting conditions vision system Eye-Net Mobile, a wholly owned subsidiary of Foresight, announced pilot projects with several multinational Japanese companies A pilot project with V-tron, an innovative Dutch company focusing on safety measures for European vehicles, was also announced for Eye-Net Mobile Going Forward Our main goals are to establish a worldwide network of partners and increase awareness about our solutions. We are extremely pleased with our accomplishments to date and our ability to reach key industry players in the market with our attractive offering. We have received positive feedback from our partners that is being used to enrich our knowledge center and contribute to our future developments, allowing us to offer our customers a unique solution. It is important to note that Foresight’s long-term potential is also appreciated by other stakeholders. We have recently seen institutional investors take new positions in Foresight in the open market, demonstrating that other experts are connecting the superiority of our technology with the impressive market opportunity. Foresight’s management team is extremely excited about the near future for our company, and we expect to create exceptional value for shareholders as the world transitions to autonomous and semi-autonomous transportation and the mobility world continues to evolve and require innovation and vision. I thank you for your support and I look forward to sharing more exciting developments in the near future. Sincerely, Haim Siboni CEO & Chairman, Foresight Autonomous Holdings Forward-Looking Statements This letter to shareholders 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 letter to shareholders when it discusses its outlook on the future of autonomous and semi-autonomous modes of transportation, that the ongoing results of communications with vehicle manufacturers inspire confidence and indicate that we are getting closer to wider adoption and are well positioned to address the market's needs, its confidence that it will play a vital role in the mass production of many leading mobility solutions, that its QuadSight vision system is essential for manufacturers who aim to design the safest autonomous transport experience, and its confidence that this will lead to future commercial agreements and rapid growth and that it expects to create exceptional value for shareholders as the world transitions to autonomous and semi-autonomous transportation. 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 letter to shareholders. The forward-looking statements contained or implied in this letter to shareholders 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 30, 2021, 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 letter to shareholders. 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. 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, sensor fusion and dense 3D point cloud that can be applied to diverse 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/

September 20, 2021 08:20 AM Eastern Daylight Time

1 ... 114 115 116 117 118 ... 146