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Foresight and Global Japanese Vehicle Manufacturer Will Work Together to Resolve Camera Miscalibration Issues

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced today the signing of a paid joint proof of concept (POC) project with a leading global Japanese automaker. The project consists of evaluating Foresight’s unique automatic calibration capabilities to ensure that the location and orientation of mono cameras on a vehicle is known at all times. The parties will work together to develop a breakthrough solution capable of detecting when a single camera’s position has changed as well as providing real-time correction of the camera’s position while the vehicle is in motion, through the use of Foresight's proprietary software. Mono cameras must remain stationary and calibrated to guarantee the road surface estimation of object detection as well as the accuracy of distance measurements to support safe driving. Any change in a camera’s location or orientation on a vehicle can cause issues, compromising its ability to correctly detect objects and measure distance accurately. To the best of Foresight’s knowledge, no existing solution is able to resolve the miscalibration of ground surface estimation issues. If successful, the POC project may provide a solution that eliminates the need for external calibration in a garage for all vehicles using mono cameras. 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 anticipated paid POC project with the Japanese automaker and the potential benefits of its products and technology. 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/

March 06, 2023 08:25 AM Eastern Standard Time

Volatus Aerospace Secures Annual Recurring Contract to Expand Pipeline Corridor Surveillance in Eastern Canada

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is pleased to announce that its subsidiary, Canadian Air National Inc., has signed a 3-year master service agreement with a leading pipeline operator to provide pipeline right-of-way asset and environmental monitoring throughout Ontario. The agreement, signed on March 2nd, is estimated to generate revenues of up to $5M over the next three years with margins within historical norms for jobs of this nature. Volatus Aerospace provides data gathering and analysis services to the oil and gas sector through its subsidiaries Canadian Air National and Synergy Aviation. In total, the Company provides pipeline right-of-way surveillance services across Canada from Kitimat, British Columbia to Ottawa, Ontario. Combined with weekly patrols on an annual basis, the Volatus Group patrols over 1,600,000 kilometers of pipeline. “Light aircraft and helicopters remain the most common solution for pipeline monitoring, but drones are the future,” says Glen Lynch CEO of Volatus. “We are enhancing our competitive advantage by introducing drones and eVTOL (electric vertical take-off and landing) aircraft in the months and years ahead to supplement and replace conventional aircraft. This will save our clients money, make processes safer, and reduce green-house gas emissions.” “Our oil and gas clients need reliable data,” added Ben Ruszkowski, Vice President of Business Development at Volatus' subsidiary Synergy Aviation. “We provide them with cost effective, environmentally friendly, and high-quality data solutions to protect their right-of-way assets and the environment using our proprietary technology.” According to the Canadian Association of Petroleum Producers (CAPP), 840,000 kilometres of pipelines safely transport liquids, such as natural gas, and crude oil, across Canada. The requirements for maintaining pipelines are heavily regulated by Provincial and Federal authorities. Regular aerial surveillance is a key method of compliance and protection used to anticipate, prevent, and mitigate environmental hazards and potentially dangerous conditions such as pipeline leaks and erosion, encroachment by vegetation, or third-party activities like construction, digging, and plowing. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements 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 anticipated benefits of, and estimated revenue to be generated by, the master service agreement; (ii) the business plans and expectations of the Company; and (iii) 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 of management 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 Company 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 Company, 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 and forward-looking statements reflect the Company’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 anticipated benefits and revenues of the master service agreement to the Company; the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; meeting the continued listing requirements of the TSXV; and including, but not limited to, those factors set forth in the Company’s Annual Information Form under the section “Risk Factors”. Although the Company 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 Company 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. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Rob Walker +1 204-955-2647 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

March 06, 2023 07:45 AM Eastern Standard Time

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News Release

Norsk Titanium shares new aerospace opportunities for Rapid Plasma Deposition technology

Norsk Titanium

Norsk Titanium vice president of engineering Odd Terje Lium joins Proactive's Natalie Stoberman to share how the company's Rapid Plasma Deposition (RPD) process is being innovated for new opportunities in the aerospace industry. Norsk Titanium is a global leader in metal 3D printing while creating a paradigm shift to a clean and sustainable manufacturing process. With its proprietary RPD technology and 700 MT of production capacity, the company offers cost-efficient 3D printing of value-added metal parts to a large addressable market. Contact Details Proactive USA +1 347-449-0879 na-editorial@proactiveinvestors.com

March 03, 2023 12:19 PM Eastern Standard Time

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News Release

Xigem Technologies agrees to definitive agreement to acquire EchoDigital

Xigem Technologies

Xigem Technologies CEO Brian Kalish joined Steve Darling from Proactive to share news the company has added to its portfolio by acquiring substantially all of the assets of EAFdigital Inc (EchoDigital). Kalish told Proactive EchoDigital is an artificial intelligence platform that is focused on the used automobile shopping and delivery sector. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

March 03, 2023 11:37 AM Eastern Standard Time

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Volatus Aerospace Expands Electric Utilities Business in US with Acquisition of Sky Scape Industries, LLC.

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) (“Volatus” or “the Company”) announced today that it has signed an arm’s length definitive agreement to acquire Sky Scape Industries, LLC., a New Jersey based company providing airborne intelligence data services. Founded in 2014, Sky Scape Industries uses remote sensing techniques to provide comprehensive inspection services including facility, structural, line, and right of way for power utilities, emergency response for oil and gas, and façade inspection services for property management. The company utilizes crewed and uncrewed aircraft and has operated nationwide in over 24 states. “Glen Lynch, CEO of Volatus Aerospace Corp. commented, “the addition of Sky Scape brings significant opportunity for margin improvement through synergies with our existing business units. It further expands our service offering and continues growth in core sectors including power utilities, oil and gas, and façade inspection.” “Joining Volatus provides Sky Scape with the resources needed to fully leverage and expand its customer relationships,” said David Yoel, CEO of Sky Scape. “The extensive Volatus pilot network, existing fleet of crewed aircraft, helicopters, and drones enhances Sky Scape’s offering, and their expansive sales team will help drive our growth.” Under the terms of the agreement, the total purchase price, subject to an earn-out provision, is approximately C$845,000 (US$620,000), paid as follows: An initial payment of approximately C$422,500 (US$310,000) in the form of newly issued common shares of Volatus Aerospace Corp. The number of VOL shares to be issued will be based on the share price at closing or the prior 30-day VWAP, whichever is higher. Volatus shall have the option to make the first payment in cash in lieu of shares. The earn-out payment of C$422,500 (US$310,000), will be payable twelve (12) months after closing, in the form of additional Volatus shares issued on the share price of C$0.65 or the prior 30-day VWAP, whichever is higher. This payment is conditional on Sky Scape retaining approximately C$1M of inspections already contracted for 2024. This announcement is in line with the Company’s objectives to continue expansion in the US Market as well as growing its presence in large scale aerial intelligence services for oil and gas, power utilities, rail, construction, engineering, and inspection industries. The acquisition of Sky Scape Industries is anticipated to close on March 31 st or such other agreed date conditional on satisfactory completion of due diligence, approval of the respective Board of Directors, key clients, and regulatory approval of the TSX Venture Exchange. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Non-IFRS Measures This news release includes certain terms or performance measures that are not defined under International Financial Reporting Standards (“IFRS”), such as “annual recurring revenue” (“ARR”) and gross margin. ARR used in this news release refers to annual revenue generated from multi-year contracts and the Company derives gross margin by subtracting costs of goods sold from total revenue and dividing such number by total revenue. ARR and gross margin are not recognized, defined or standardized under IFRS and accordingly, the Company’s definition of ARR may differ from definitions used by other companies and therefore comparability may be limited. ARR should not be considered a substitute for or considered in isolation from measures prepared in accordance with IFRS. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements 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, but is not limited to: (i) the business plans and expectations of the Company; (ii) the closing of the proposed Transaction and timing thereof; (iii) expectations related to the Transaction and anticipated benefits thereof, (iv) opportunities for significant gross margin improvement and other anticipated benefits of the transaction to the Company; and (iv) 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 of management of the Company 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 Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors are based on information currently available to the Company, 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 and forward-looking statements reflect the Company’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 completion of the Transaction and timing of completion; satisfaction of all closing conditions to the Transaction; the anticipated benefits of the Transaction to the Company; TSX Venture Exchange approval of the Transaction; and anticipated and unanticipated costs and other factors referenced in this news release, and including, but not limited to, those factors set forth in the Company’s Annual Information Form under the section “Risk Factors”. Although the Company 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 Company 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. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. 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

March 02, 2023 07:30 AM Eastern Standard Time

VinFast officially delivers first VF 8 City Edition vehicles to U.S. customers

Vingroup

LOS ANGELES, USA - Media OutReach - 2 March 2023 - Today VinFast delivered the first 45 VF 8 City Edition all-electric SUVs to U.S. customers at its 9 stores across California, which signals the company’s official entry into the North American market. The City Edition vehicles will continue be delivered to customers at VinFast’s stores or through a home-delivery service in the following days. The VF 8 City Edition includes 999 vehicles which were imported to the U.S. last December. As a limited edition, the VF 8 City Edition comes with a special financing offer for customers. The VF 8 City Edition Eco and Plus models have an EPA estimated range of 207 miles and 191 miles respectively. The VF 8 City Edition is equipped with a wide range of advanced technologies including ADAS and Smart Services. VinFast firmware over-the-air (FOTA) may provide all VinFast vehicles regular updates designed to enhance vehicle functionality and performance. With a customer-centric philosophy, VinFast also offers outstanding after-sales policies including a 10-year warranty for vehicles and batteries, mobile services, 24/7 roadside assistance, and many more to provide customers with piece of mind throughout their electric vehicle ownership experience. The handover event took place throughout the day at VinFast stores across California. Mr. Gareth Dunsmore, VinFast Deputy CEO, Global Sales & Marketing said: "The event drew tremendous attention from our U.S. consumers. It’s extremely gratifying in fulfilling our delivery promise and to witness the excitement our customers have for the VinFast brand. This is a great moment for all of us and more motivation to continuously strive to exceed the expectations of our valued customers." VinFast continues to organize large-scale test drive programs across California to provide customers with a hands-on experience to interact with VinFast’s products and services. About VinFast VinFast - a member of Vingroup – envisioned to drive the movement of global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90% automation in Hai Phong, Vietnam.Strongly committed to the mission for a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy to inspire global customers to jointly create a future of smart mobility and a sustainable planet. Learn more at: https://vinfastauto.us. VinFast Safe Harbor Disclosure This news release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions and include VinFast’s expectations. Forward-looking statements typically can be identified by the use of words such as “will,” “expect,” “believe,” and similar terms. While these forward-looking statements represent VinFast’s current judgment on what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially. Factors that could cause actual results to differ materially from those contemplated above include, but are not limited to, general economic conditions, hazards customary in the automotive industry, competition in certain markets, the volatility of battery prices, failure of customers to perform under contracts, changes in government regulation of markets and of environmental emissions, and our ability to achieve the expected benefits and timing of our electric vehicle projects. VinFast undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The foregoing review of factors that could cause VinFast’s actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect VinFast’s future results. Contact Details VinFast Media Contact v.chidqd1@vingroup.net Company Website https://vinfastauto.us

March 01, 2023 08:58 PM Eastern Standard Time

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News Release

ShiftCarbon details US$5M engagement with solutions by stc; initial roll-out of Focused Footprint

ShiftCarbon

ShiftCarbon CEO Wayne Lloyd joined Proactive's Stephen Gunnion with details of the company's first revenue-generating engagement with Saudi Arabian tech giant solutions by stc. The first phase of revenue from the project is estimated to be US$5 million, and Lloyd said there is potential for additional revenue in the form of a long-term supply of goods as the smart city becomes operational. ShiftCarbon, an Internet of Things (IoT) platforms provider and innovator in end-to-end decarbonization solutions, has also announced it is rolling out its Focused Footprint tool for carbon emissions calculations in the marine industry. Lloyd told Proactive there is scope for Focused Footprint to be extended to other industries as they tackle their carbon emissions. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

March 01, 2023 01:57 PM Eastern Standard Time

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GET Mobile ID is now accepted at TSA PreCheck®

GET Group North America

The Transportation Security Administration (TSA), Utah Driver License Division (DLD) and GET Group North America announced today that TSA will now accept Utah mobile driver’s licenses (mDLs) via the GET Mobile app as a valid travel credential in TSA PreCheck lines at select airports around the country. Utah’s Salt Lake City International Airport (SLC), PHX, BWI, DCA, DFW, MIA and ATL are among the dozen domestic airports where mDLs are now accepted by TSA. Travelers at these and other locations can share their Utah-issued mDL on either an iOS or Android device. This marks the first time that travelers can use an mDL on an Android device at TSA checkpoints, as well as an expansion of where TSA accepts mDL credentials. Utahns interested in acquiring their mDL can do so through the Utah DLD website. “You can now go wallet-free in SLC,” said Alex Kambanis, president and managing director at GET Group North America. “We are excited to work with TSA and other entities as they recognize the efficiency, enhanced security, and privacy of mobile driver licenses. We’re proud to offer an mDL as an option for Utahns at SLC and other airports nationwide.” The Utah DLD, in collaboration with other state agencies and GET Group NA, launched Utah’s mDL program in 2021. Utah mDL is now available to every cardholder in Utah, and thousands of Utahns have opted in. Utah is the first state in the U.S. to launch a production mDL that is fully compliant with ISO 18013–5 — the international standard that ensures global acceptance as legal ID and allows information such as name or age to be confirmed without the mobile phone ever changing hands. “Utah residents can save time at participating airports when they use their mDL at TSA PreCheck, because they don’t need to present any other documents,” said Chris Caras, director of the Utah Driver License Division. “This is a big step forward in the acceptance of mDLs in Utah; one that we expect will increase the number of Utahns who opt into the program out of a desire for convenience, security, and ownership of their identification.” GET Mobile ID gives users control over their ID by allowing users to select what specific information is shared when presenting their mDL. The app also ensures that only the cardholder can track when or where their mDL is used. The Utah Mobile Driver’s license is available to all Utahns with a valid ID. TSA endorsed the concept of the mobile driver’s license in April 2021 with a notice in the Federal Register and by announcing a request for information regarding mobile driver’s licenses. Accepting mobile driver’s licenses is one of the steps TSA is taking under the Executive Order on Transforming Federal Customer Experience and Service Delivery. TSA is interested in potential gains in efficiency, as well as the security and privacy enhancements provided by mobile driver’s licenses compared to physical cards. Additionally, contactless ID will have health and safety benefits, protecting both the public and TSA Officers. For more information, visit http s://mobiledl.us/states/utah-mdl/ About GET Group North America With over 30 year's experience, GET Group has worked with governments around the world and enabled them to deliver passports, driver’s licenses and other high assurance identity documents. GET is a world leader in the issuance and verification of Mobile IDs and Mobile Driver’s Licenses. The company invests in the latest technologies to deliver modernized solutions to minimize customers’ risks and solve critical challenges, while innovating to combat fraud and produce privacy centric identity solutions people trust. Contact Details GET Group North America GET Press Team +1 781-609-8042 press@getgroupna.com Company Website https://getgroupna.com

March 01, 2023 08:30 AM Eastern Standard Time

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ToolsGroup Announces Significant Enhancements To Its Industry-Leading Demand Planning Solution

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, has announced the latest version of its Service Optimizer 99+ (SO99+) software, making major advancements in its forecasting and demand sensing capabilities. This is just the latest of the company’s significant strides towards making supply chains a force for good by helping organizations guarantee service, reduce excess stock, and increase profits. “ToolsGroup SO99+ improved the accuracy of our forecasts for slower moving items by 5-10%,” said Sarah Voorhees, Vice President of Demand and Inventory Planning at American Tire Distributors. “Better probabilistic forecasts translate into better fulfillment, helping us reduce inventory, carry less safety stock, and increase revenue through fewer stockouts.” With the release of v8.60, ToolsGroup aims to further improve customer experience and supply chain performance with expanded capabilities that now deliver: - A New Product Introduction (NPI) Dashboard that provides an interactive display for SO99+ NPI forecasting. The dashboard enables immediate what-if scenario planning for all the attributes that may impact the performance of a new product introduction, a deeper understanding of the variables that affect the success of a new product launch, and the rationale supporting the projections for the launch forecast. - Automatic Forecast Model Backtesting that eliminates the typically time-consuming, manual calibration process of configuring, defining, and simulating forecast models, delivering significant forecasting accuracy improvements nearly automatically. - Re-Forecasting Based on Pre-orders that empowers users to incorporate actual orders into probabilistic forecasts to better determine future demand, improving short- and medium-term forecast accuracy while enabling customers to respond quickly and proactively to market changes. - Machine Learning Speed and Accuracy Enhancements, thanks to the implementation of new light gradient-boosting machine functionality (LightGBM) into the SO99+ machine learning engines. By incorporating this advanced modeling technique, SO99+ delivers unmatched machine learning scalability and results, ensuring faster processing and major forecast accuracy improvements. - Flexible Forecast Aggregation that simplifies demand planning by allowing demand teams to plan at the aggregate level, while retaining the variables and details necessary for accurate supply planning processes. This ensures higher-quality, more flexible forecasts because SKUs are no longer restricted to a single hierarchical view. “As businesses continue to face significant disruptions across their supply chains, new challenges are constantly rising to the forefront. Demand planners need to be able to act quickly and decisively,” says ToolsGroup CEO, Inna Kuznetsova. “With this release, we have improved the power of our demand planning and demand sensing abilities in SO99+ and further enable our customers to navigate uncertainty and make the most informed planning decisions faster. More accurate forecasts translate into less waste and greater customer satisfaction, making supply chains a force for good in demand.” These exciting new capabilities add to the industry leading innovations in SO99+ which include: - Probabilistic Forecasting that combines historical, real-time, and other demand-relevant data into an probabilistic model that determines the possibility (and likelihood) of a range of outcomes, accounting for risk and enabling greater planning dexterity. It seamlessly self-adjusts to a wide variety of demand behaviors, generating optimal forecasts in uncertain demand scenarios. - Demand Sensing that helps users better leverage granular data to capture changes in the market before they happen, ensuring proactive adjustments in demand planning and lower downstream latency while still delivering optimal service levels, ensuring fewer lost sales and increased revenues. - Self-Adaptive, Frequency-Based Forecasting that effectively forecasts both fast-moving items and products with intermittent demand by capturing network-wide changes and events and accounting for both order size and order frequency, delivering the most accurate forecast available. - Machine Learning Engines that are mapped to every unique attribute that can affect a forecast, from seasonality and promotions to causals and external factors, ensuring the most accurate and robust forecasts on the market. With SO99+, ToolsGroup provides the power of dynamic planning to over 365 customers across 45 countries, enabling intelligent decision making at the speed of business that transforms supply chain performance. Customers report a 5-10 percentage point improvement in forecast accuracy and a 3-5 percentage point increase in service levels while simultaneously achieving a 20-30% inventory reduction. Built-in automation cuts the planning workload by up to 90% and helps companies reduce waste by 10-30%. For more information about SO99+, read our blog on the 8.6 release HERE. ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of fast, intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

February 28, 2023 10:30 AM Eastern Standard Time