News Hub | News Direct

Transportation

Airlines Automotive Electric Vehicles Logistics Maritime
Article thumbnail News Release

CORRECT & REPLACE: Cooper Standard Reports Fourth Quarter and Full Year 2022 Results and Provides Guidance for Improved Full Year 2023 Outlook

Cooper Standard

Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the fourth quarter and full year 2022. Fourth Quarter Summary Sales of $649.3 million, an increase of $48.0 million compared to fourth quarter 2021 Net loss of $88.1 million or $(5.12) per fully diluted share, improved by $14.1 million compared to fourth quarter 2021 Adjusted net loss of $31.9 million, or $(1.85) per fully diluted share, improved by $18.4 million compared to fourth quarter 2021 Adjusted EBITDA of $27.6 million increased by $25.6 million as compared to fourth quarter 2021 Year-end cash balance of $187 million; continuing strong total liquidity of $342 million Full Year Summary Sales of $2.53 billion, an increase of $195.2 million compared to 2021 Net loss of $215.4 million or $(12.53) per fully diluted share, improved by $107.5 million compared to 2021 Adjusted net loss of $171.5 million, or $(9.98) per fully diluted share, improved by $50.8 million compared to 2021 Adjusted EBITDA of $37.9 million increased by $45.9 million as compared to 2021 Net new business awards on electric vehicles of $126 million in the fourth quarter and $198 million for the full year 2022; Total net new business awards of $122 million in the fourth quarter and $246 million year for the full year 2022 “We continued to make progress in the fourth quarter and improved our results throughout 2022,” said Jeffrey Edwards, chairman and CEO, Cooper Standard. “Our performance in terms of product quality, new program launches, on-time delivery and safety have never been better, despite the challenging macro environment in our industry. As a result, our customers have remained supportive and have trusted us with significant business awards on new platforms, which bodes well for our outlook in 2023 and beyond.” Consolidated Results The year-over-year increase in fourth quarter sales was primarily attributable to favorable volume and mix, including enhanced commercial agreements, partially offset by unfavorable foreign exchange. The year-over-year improvement in fourth quarter net loss was driven primarily by favorable volume and mix, including enhanced commercial agreements, improved manufacturing efficiency, lower selling, administrative and engineering (SGA&E) expense and lower income tax expense. These positive factors were partially offset by continuing increases in raw material costs, higher wages, general inflation, higher interest expense, asset impairment charges and unfavorable foreign exchange. The year-over-year improvement in fourth quarter adjusted EBITDA was driven primarily by favorable volume and mix, including enhanced commercial agreements, improved manufacturing efficiency, and lower SGA&E expense. These positive factors were partially offset by continuing increases in raw material costs, higher wages, general inflation, and unfavorable foreign exchange. For the full year 2022, sales increased primarily due to improved volume and mix including enhanced commercial agreements, partially offset by unfavorable foreign exchange. The year-over-year improvement in full year net loss was primarily driven by favorable volume and mix, including enhanced commercial agreements, improved manufacturing efficiency, lower SGA&E expense and lower income tax expense. These positive factors were partially offset by continuing increases in raw material costs, higher wages, general inflation, higher interest expense, asset impairment charges and unfavorable foreign exchange. The year-over-year improvement in full year adjusted EBITDA was driven primarily by favorable volume and mix, including enhanced commercial agreements, improved manufacturing efficiency, and lower selling, administrative and engineering (SGA&E) expense. These positive factors were partially offset by continuing increases in raw material costs, higher wages, general inflation, and unfavorable foreign exchange. Adjusted net income (loss), adjusted EBITDA, adjusted earnings (loss) per diluted share and free cash flow are non-GAAP measures. Reconciliations to the most directly comparable financial measures, calculated and presented in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”), are provided in the attached supplemental schedules. New Business Awards Electric vehicle trends continue to create opportunity for Cooper Standard. During the fourth quarter of 2022, the Company received net new business awards on electric vehicle platforms representing approximately $126 million in incremental anticipated future annualized sales. Total net new business awards in the quarter were $122 million. For the full year 2022, the Company's net new business awards totaled approximately $246 million, including $198 million in new awards on electric vehicle platforms. The Company believes its world-class engineering and manufacturing capabilities, its innovation programs and its reputation for quality and service are competitive advantages that continue to drive the new business awards. Cash, Liquidity and Debt Refinancing As of December 31, 2022, Cooper Standard had cash and cash equivalents totaling $186.9 million and total liquidity, including availability under its amended senior asset-based revolving credit facility, of $342.1 million. Subsequent to the end of the fourth quarter, the Company successfully concluded refinancing transactions that extended the maturity of the majority of its outstanding long term debt to 2027. The refinancing strengthens the Company’s balance sheet and provides the Company with added financial flexibility to grow and further optimize the business. Based on our current expectations for light vehicle production, customer demand for our products, and enhanced commercial agreements, we expect our current cash balance and access to flexible credit facilities will provide sufficient resources to support ongoing operations and the execution of planned strategic initiatives. Quarterly Segment Results Sales * Net of customer price adjustments including recoveries Volume and mix, net of customer price adjustments including recoveries, was driven by vehicle production volume increases due to the lessening impact of semiconductor-related supply issues. The impact of foreign currency exchange was primarily related to the Chinese Renminbi, Korean Won and Euro. Adjusted EBITDA * Net of customer price adjustments including recoveries **Net of deconsolidation Volume and mix, net of customer price adjustments including recoveries, was driven by vehicle production volume increases due to the lessening impact of semiconductor-related supply issues. The impact of foreign currency exchange was primarily related to the Chinese Renminbi, Korean Won, Euro, Polish Zloty, Czech Koruna, Mexican Peso and Canadian Dollar. The Cost Decreases / (Increases) category above includes: Commodity cost and inflationary economics; Manufacturing efficiencies and purchasing savings through lean initiatives; Increased compensation-related expenses; and Decreased costs related to ongoing salaried headcount initiatives and restructuring savings. Full Year Segment Results Sales * Net of customer price adjustments including recoveries Volume and mix, net of customer price adjustments including recoveries, was driven by vehicle production volume increases due to the lessening impact of semiconductor-related supply issues. The impact of foreign currency exchange was primarily related to the Euro, Chinese Renminbi and Korean Won. Adjusted EBITDA * Net of customer price adjustments including recoveries **Net of deconsolidation Volume and mix, net of customer price adjustments including recoveries, was driven by vehicle production volume increases due to the lessening impact of semiconductor-related supply issues. Foreign currency exchange was impacted by the Chinese Renminbi, Korean Won, Mexican Peso, Canadian Dollar, Euro, Polish Zloty, Czech Koruna and the Brazilian Real. The Cost Decreases / (Increases) category above includes: Commodity cost and inflationary economics; Manufacturing efficiencies and purchasing savings through lean initiatives; Increased compensation-related expenses; and Decreased costs related to ongoing salaried headcount initiatives and restructuring savings. Outlook Based on our outlook for the global automotive industry, macroeconomic conditions, current customer production schedules and our own operating plans, the Company has issued 2023 full year guidance as follows: 1 Guidance is representative of management's estimates and expectations as of the date it is published. Current guidance as presented in this press release considers January 2023 S&P Global (IHS Markit) production forecasts for relevant light vehicle platforms and models, customers' planned production schedules and other internal assumptions. 2 Adjusted EBITDA is a non-GAAP financial measure. The Company has not provided a reconciliation of projected adjusted EBITDA to projected net income because full-year net income will include special items that have not yet occurred and are difficult to predict with reasonable certainty prior to year-end. Due to this uncertainty, the Company cannot reconcile projected adjusted EBITDA to U.S. GAAP net income without unreasonable effort. Conference Call Details Cooper Standard management will host a conference call and webcast on February 17, 2023 at 9:00 a.m. ET to discuss its fourth quarter 2022 results, provide a general business update and respond to investor questions. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at https://edge.media-server.com/mmc/p/jqkaw9ec. Investors, analysts and other representatives of the investment community who wish to participate by phone in the live conference and have the opportunity to ask questions during Q&A will need to pre-register for the call by visiting https://register.vevent.com/register/BI5e9540006e474e22ab2fd8f8bc2ae7d2. Once registration is completed, participants will be provided with a dial-in number and a personalized conference code to access the call. Participants should dial in at least five minutes prior to the start of the call. A replay of the webcast will be available on the investors’ portion of the Cooper Standard website (http://www.ir.cooperstandard.com) shortly after the live event. About Cooper Standard Cooper Standard, headquartered in Northville, Mich., with locations in 21 countries, is a leading global supplier of sealing and fluid handling systems and components. Utilizing our materials science and manufacturing expertise, we create innovative and sustainable engineered solutions for diverse transportation and industrial markets. Cooper Standard's approximately 22,600 employees are at the heart of our success, continuously improving our business and surrounding communities. Learn more at www.cooperstandard.com or follow us on Twitter @CooperStandard. Forward-Looking Statements This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Our use of words “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “believe,” “outlook,” “guidance,” “forecast,” or future or conditional verbs, such as “will,” “should,” “could,” “would,” or “may,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon our current expectations and various assumptions. Our expectations, beliefs, and projections are expressed in good faith and we believe there is a reasonable basis for them. However, we cannot assure you that these expectations, beliefs and projections will be achieved. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. Among other items, such factors may include: volatility or decline of the Company’s stock price, or absence of stock price appreciation; impacts, including commodity cost increases and disruptions related to the war in Ukraine and the COVID-related lockdowns in China; our ability to offset the adverse impact of higher commodity and other costs through negotiations with our customers; the impact, and expected continued impact, of the COVID-19 outbreak on our financial condition and results of operations; significant risks to our liquidity presented by the COVID-19 pandemic risk; prolonged or material contractions in automotive sales and production volumes; our inability to realize sales represented by awarded business; escalating pricing pressures; loss of large customers or significant platforms; our ability to successfully compete in the automotive parts industry; availability and increasing volatility in costs of manufactured components and raw materials; disruption in our supply base; competitive threats and commercial risks associated with our diversification strategy through our Advanced Technology Group; possible variability of our working capital requirements; risks associated with our international operations, including changes in laws, regulations, and policies governing the terms of foreign trade such as increased trade restrictions and tariffs; foreign currency exchange rate fluctuations; our ability to control the operations of our joint ventures for our sole benefit; our substantial amount of indebtedness and variable rates of interest; our ability to obtain adequate financing sources in the future; operating and financial restrictions imposed on us under our debt instruments; the underfunding of our pension plans; significant changes in discount rates and the actual return on pension assets; effectiveness of continuous improvement programs and other cost savings plans; manufacturing facility closings or consolidation; our ability to execute new program launches; our ability to meet customers’ needs for new and improved products; the possibility that our acquisitions and divestitures may not be successful; product liability, warranty and recall claims brought against us; laws and regulations, including environmental, health and safety laws and regulations; legal and regulatory proceedings, claims or investigations against us; work stoppages or other labor disruptions; the ability of our intellectual property to withstand legal challenges; cyber-attacks, data privacy concerns, other disruptions in, or the inability to implement upgrades to, our information technology systems; the possible volatility of our annual effective tax rate; the possibility of a failure to maintain effective controls and procedures; the possibility of future impairment charges to our goodwill and long-lived assets; our ability to identify, attract, develop and retain a skilled, engaged and diverse workforce; our ability to procure insurance at reasonable rates; and our dependence on our subsidiaries for cash to satisfy our obligations; and other risks and uncertainties, including those detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements. Our forward-looking statements speak only as of the date of this press release and we undertake no obligation to publicly update or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except where we are expressly required to do so by law. This press release also contains estimates and other information that is based on industry publications, surveys and forecasts. This information involves a number of assumptions and limitations, and we have not independently verified the accuracy or completeness of the information. CPS_F Financial statements and related notes follow: Non-GAAP Measures EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share and free cash flow are measures not recognized under U.S. GAAP and which exclude certain non-cash and special items that may obscure trends and operating performance not indicative of the Company’s core financial activities. Net new business is a measure not recognized under U.S. GAAP which is a representation of potential incremental future revenue but which may not fully reflect all external impacts to future revenue. Management considers EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business to be key indicators of the Company’s operating performance and believes that these and similar measures are widely used by investors, securities analysts and other interested parties in evaluating the Company’s performance. In addition, similar measures are utilized in the calculation of the financial covenants and ratios contained in the Company’s financing arrangements and management uses these measures for developing internal budgets and forecasting purposes. EBITDA is defined as net income (loss) adjusted to reflect income tax expense (benefit), interest expense net of interest income, depreciation and amortization, and adjusted EBITDA is defined as EBITDA further adjusted to reflect certain items that management does not consider to be reflective of the Company’s core operating performance. Adjusted net income (loss) is defined as net income (loss) adjusted to reflect certain items that management does not consider to be reflective of the Company’s core operating performance. Adjusted EBITDA margin is defined as adjusted EBITDA as a percentage of sales. Adjusted basic and diluted earnings (loss) per share is defined as adjusted net income (loss) divided by the weighted average number of basic and diluted shares, respectively, outstanding during the period. Free cash flow is defined as net cash provided by operating activities minus capital expenditures and is useful to both management and investors in evaluating the Company’s ability to service and repay its debt. Net new business reflects anticipated sales from formally awarded programs, less lost business, discontinued programs and replacement programs and is based on S&P Global (IHS Markit) forecast production volumes. The calculation of “net new business” does not reflect customer price reductions on existing programs and may be impacted by various assumptions embedded in the respective calculation, including actual vehicle production levels on new programs, foreign exchange rates and the timing of major program launches. When analyzing the Company’s operating performance, investors should use EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business as supplements to, and not as alternatives for, net income (loss), operating income, or any other performance measure derived in accordance with U.S. GAAP, and not as an alternative to cash flow from operating activities as a measure of the Company’s liquidity. EBITDA, adjusted EBITDA, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business have limitations as analytical tools and should not be considered in isolation or as substitutes for analysis of the Company’s results of operations as reported under U.S. GAAP. Other companies may report EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business differently and therefore the Company’s results may not be comparable to other similarly titled measures of other companies. In addition, in evaluating adjusted EBITDA and adjusted net income (loss), it should be noted that in the future the Company may incur expenses similar to or in excess of the adjustments in the below presentation. This presentation of adjusted EBITDA and adjusted net income (loss) should not be construed as an inference that the Company’s future results will be unaffected by special items. Reconciliations of EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss) and free cash flow follow. Reconciliation of Non-GAAP Measures EBITDA and Adjusted EBITDA The following table provides reconciliation of EBITDA and adjusted EBITDA from net (loss) income (unaudited): Loss attributable to deconsolidation of a joint venture in the Asia Pacific region, which required adjustment to fair value. Non-cash impairment charges in 2022 related to recent operating performance and idle assets in certain locations in North America, Europe and Asia Pacific. Impairment charges in 2021 related to fixed assets and goodwill. During 2021, the Company recorded subsequent adjustments to the net gain on sale of business, which related to the 2020 divestiture of our European rubber fluid transfer and specialty sealing businesses, as well as its Indian operations. In 2022, the Company recognized a gain on a sale-leaseback agreement on one of its European facilities. Lease termination costs no longer recorded as restructuring charges in accordance with ASC 842, Leases. Impact of prior period indirect tax and customs adjustments. Non-cash net pension settlement and curtailment charges and administrative fees incurred related to certain of our U.S. and non-U.S. pension plans. Adjusted Net Loss and Adjusted Loss Per Share The following table provides reconciliation of net (loss) income to adjusted net (loss) income and the respective (loss) earnings per share amounts (unaudited): Loss attributable to deconsolidation of a joint venture in the Asia Pacific region, which required adjustment to fair value. Non-cash impairment charges in 2022 related to recent operating performance and idle assets in certain locations in North America, Europe and Asia Pacific. Impairment charges in 2021 related to fixed assets and goodwill. During 2021, the Company recorded subsequent adjustments to the net gain on sale of business, which related to the 2020 divestiture of our European rubber fluid transfer and specialty sealing businesses, as well as its Indian operations. In 2022, the Company recognized a gain on a sale-leaseback agreement on one of its European facilities. Lease termination costs no longer recorded as restructuring charges in accordance with ASC 842, Leases. Impact of prior period indirect tax and customs adjustments. Non-cash net pension settlement and curtailment charges and administrative fees incurred related to certain of our U.S. and non-U.S. pension plans. In 2022, the deferred tax valuation allowance relates to the recognition of our valuation allowance on net deferred tax assets in Poland. In 2021, the deferred tax valuation allowance relates to the initial recognition of our valuation allowance in the U.S. and certain international jurisdictions. Represents the elimination of the income tax impact of the above adjustments, by calculating the income tax impact of these adjusting items using the appropriate tax rate for the jurisdiction where the charges were incurred. Free Cash Flow The following table provides a reconciliation of net cash (used in) provided by operating activities to free cash flow (unaudited): # # # Contact Details Contact for Analysts: Roger Hendriksen +1 248-596-6465 roger.hendriksen@cooperstandard.com Contact for Media: Chris Andrews +1 248-596-6217 candrews@cooperstandard.com Company Website https://www.cooperstandard.com/

February 16, 2023 06:44 PM Eastern Standard Time

Article thumbnail News Release

American Resources Corp's (NASDAQ: AREC) ReElement to Transform Rare Earth and Battery Metals Industry and Help the World Counter China's Dominance

American Resources Corporation

Imagine a world without smartphones, laptops, cars, wind turbines, and even military weapon systems. It may sound like a dystopian future, but the reality is, all of these modern-day necessities rely on a group of minerals known as rare earth metals. These critical minerals are essential not only for high-tech products but also to power a significant portion of the economy. They play a crucial role in the production of electronics and are key to the growth of the electric vehicle market. However, despite their crucial role, our supply of rare earth metals is in short supply and the vast majority of the market is controlled by China. This domination poses a significant risk to our technology-driven economy and highlights the urgent need for alternative sources of these essential minerals. ReElement Technologies, a subsidiary of American Resources Corporation (NASDAQ: AREC), is on a mission to help the rest of the world diversify its rare earth reliance away from China. By leveraging its innovative technology, ReElement can capture, process and purify rare earth metals from end-of-life products like magnets and lithium batteries. Let's further break down ReElement, its technology, and how it is a potential solution to a serious threat to our national security. What are Rare Earth Metals and Understanding China’s Role Rare earth metals are a group of 17 elements that are critical components in high-tech products such as smartphones, wind turbines, electric vehicles, and military equipment. China dominates the global supply of rare earth metals, producing more than 80% of the world's supply. There are a few reasons for China's dominance in rare earth metals: Abundant resources: China has abundant reserves of rare earth elements, which has enabled it to dominate the market for these materials. Refining: China’s low environmental standards has allowed them dominate the separation and purification of rare earth metals without much innovation while polluting the planet. Cost advantage: China's labor costs and production costs are lower than in other countries, which has made it easier for China to produce rare earth metals at a lower cost. Government support: The Chinese government has invested heavily in the rare earth metals industry, providing subsidies and other support to Chinese companies. This dominance of the rare earth metals market by China is dangerous for the United States and the rest of the world because it creates a single point of failure in the supply chain. If China were to cut off the supply of rare earth metals to the rest of the world, it could disrupt the production of high-tech products, cause widespread economic disruption, and present a major threat to U.S. national security. Additionally, China's control of the market gives it significant leverage over other countries, allowing it to manipulate prices and restrict supply as it sees fit. This can lead to increased costs for consumers and can harm industries that rely on these materials. Overall, reducing reliance on China for rare earth metals will require a concerted effort from the United States government, the private sector, and academia to develop domestic production, alternative sources, advanced refining methods and new materials. Reusing & recycling are key factors that could drive alternative sourcing and provide an opportunity to obtain rare earth metals outside of a mining environment. Key Benefits of Recycling & Reusing Rare Earth Metals "Reduce, reuse, and recycle" are important concepts that are consistently promoted by the government to help conserve resources and prevent excess landfill use. While we may initially think of aluminum and paper products when "recycling" comes to mind, it could be critical in maintaining a more efficient ecosystem for rare earths. Recycling and reusing rare earth metals is important for several reasons: Conservation of resources: Rare earth metals are finite resources, and recycling and reusing these materials can help to conserve these resources for future generations. Environmental protection: The mining, refining, and production of rare earth metals can have significant environmental impacts, including deforestation, soil degradation, and water pollution. Recycling and reusing these materials can help to reduce these impacts and promote sustainability. Cost savings: Recycling rare earth metals can be less expensive than mining and refining new materials, which can help to reduce the cost of production for high-tech products. Reduced dependence on imports: A significant portion of the world's rare earth metals are supplied by China, and recycling and reusing these materials can help to reduce dependence on foreign sources, promoting energy security. Waste reduction: Recycling rare earth metals can help to reduce the amount of waste generated by the production and disposal of high-tech products, promoting a circular economy. Recycling and reusing rare earth metals are becoming increasingly important as demand for these materials continues to grow, and as concerns about the environmental impact of mining and the potential for supply disruptions grow. By recycling and reusing these materials, we can help to conserve resources, protect the environment, reduce costs, reduce dependence on imports, and promote a sustainable and circular economy. Overview: American Resources Corp American Resources Corporation is an Indiana-based company that is focused on the mining, processing, transportation, and sale of metallurgical coal used to make steel. The company maintains a portfolio covering operations across Kentucky and West Virginia. The company has three main subsidiaries: ReElement Technologies LLC, American Carbon LLC, and American Metals LLC. ReElement Technologies LLC is a subsidiary that's changing the game in the production of rare earth elements and lithium-based battery metals. And here's the best part – their flexible refining methods are able do it all using 100% recycled materials or newly mined mineral in a much safer and low-cost process. They're leading the way in environmentally-friendly processing and refining technology and are all about creating a circular economy. With their innovative critical metal recovery technology, they're making sure the world has access to the rare earth elements and critical minerals it needs for the next generation of infrastructure, electronics, and national security hardware - all while being cost-effective and sustainable. The American Carbon LLC subsidiary houses American Resources’ metallurgical coal mining extraction and supply business. The company has established a network of five restructured processing and logistic complexes, which help to eliminate the old legacy costs and create a more effective, lower-cost business model. Since its inception, American Carbon and American Resources have restored over 7,000 acres of irrational thermal coal land, which collectively represents over $20 million in liabilities. American Metals LLC is American Resources’ aggregator and processor of used metals for recycling into new steel-based products. The subsidiary operates within the U.S. coal country where there is often an abundance of used metal reserves from former thermal coal mines that have since been shut down. By leveraging its regional logistics and infrastructure, American Metals LLC can expand its presence in the high-growth market of used steel while also cleaning up old infrastructure left behind from the mining industry. Further Breaking Down the ReElement Subsidiary The United States and other countries around the world have a waste problem and rare earths are wrapped right up in the mess. Every year, an estimated $3 billion worth of critical and rare earth metals are thrown away or lost. With demand for these critical metals heating up at a brisk pace, countries need to work on solutions to the waste issue. This is exactly where ReElement comes into play. The subsidiary's technology provides an economical solution to help isolate, purify, and recycle these critical metals. To make matters even more enticing, ReElement's technology is the most environmentally safe method of rare earth metal recycling and refining. ReElement uses an electrolysis process to help extract rare earths and critical metals from feedstock carbon waste, acid mine drainage, and magnets. Low pH water combined with high levels of iron and carbon found in acid mine drainage and carbon slurries that leach rare earth and battery metals enables faster hydrogen production compared to traditional water-based electrolysis. Through this process, ReElement is focused on monetizing carbon production, hydrogen production, graphene slurry, and rare earth and battery metal concentrates. Once the extraction process has been completed, the next step is purification. ReElement uses the most environmentally-safe purification methods for creating isolated and pure rare earth metals. The purification process uses highly specialized chromatography methods, which leads to more pure rare earth metals, rather than just a concentrate. In addition, ReElement’s patented and proprietary processes separates and isolates each element. Their exclusive chromatography technology is a viable solution to recycling both permanent magnets and batteries by bringing those constituent elements back to magnet and battery-grade forms. This is something that the industry struggles with and where ReElement differentiates itself. Additionally, ReElement’s ability to efficiently refine lithium from end-of-life batteries as well as their planned application of chromatography to refine spodumene is unique and demonstrates the value they bring to our domestic supply chain. The current industry standard, solvent extraction, is extremely outdated and toxic to the environment. Solvent extraction relies heavily on using toxic extractants, harsh chemicals, and flammable solvents. This process also takes longer than chromatography and does not produce the same output yield as ReElement's ESG-focused process. In short, ReElement’s chromatography process is not only better for the environment, but also more efficient in extracting and purifying critical metals at a more cost-effective level. ReElement currently can process over 137,500 kilograms of critical battery and rare-earth magnet materials into ultra-high pure minerals and compounds at its Noblesville, Indiana facility. Among the initial rare earth and battery metal products, ReElement will focus on: neodymium, praseodymium, dysprosium, cobalt, lithium, nickel, manganese, and more. Management says they have identified additional sites to build facilities as scalability and are currently in the design and engineering phase for their next larger scale facility to increase capacity by 100-times. Another key advantage ReElement holds is a robust IP portfolio and partnerships with world-renowned organizations. ReElement's process is covered by 16 patents and was developed in partnership with the likes of Purdue University, Texas Tech University, Ohio University, CMID, and more. ReElement Spin-Off and Strong Insider & Investor Backing American Resources Corp has previously stated its intent to spin off the ReElement Technologies business into a standalone company. The spin-off allows investors to own a pure-play standalone, ESG-focused refiner of critical minerals. This will give ReElement a better posture to realize the opportunity. In addition, it will allow ESG-focused investors to take part in the opportunity without any allocation to metallurgical coal. Under the current guidelines, American Resources Corp will retain a 9% ownership of ReElement post-spin-off, which will be issued as a dividend to shareholders. Existing shareholders will receive half a share of the "spinco" for each common share held of American Resources Corp. American Resources filed a Form 10 with the U.S. SEC in late January 2023, which effectively begins the official process to spin-off ReElement. While it will still take some time for the Form 10 and other regulatory paperwork to be finalized, shareholders should be encouraged by the strong backing of the company by its insiders and even institutional investors. Insiders of American Resources Corp believe in their mission and are putting their money on the line to prove their bullish beliefs. As of February 2023, just under 30% of American Resources Corp is currently owned by insiders. This is an incredibly bullish indicator because it shows management believes in the company enough to risk their own money. While there is no fully-certain outcome, stocks with higher insider ownership tend to be more favorable with investors. On February 6, 2023, American Resources Corp received a major boost of confidence from its largest debt holder, Golden Properties Ltd. The institutional investor owned convertible debt amounting to $9.9 million. Golden Properties, who was an early investor in American Resources Corp, chose to convert its note into stock. This is a major deal because the company's biggest debt holder is now its largest equity holder after converting the $9.9 million note into 9.4 million shares of common stock. This means Golden Properties Ltd. waived its right to $1.2 million in interest payments in exchange for AREC shares and the ReElement dividend post-spin-off. For American Resources, this helps clean up the balance sheet and serves as the latest example of bullish support for the company. Overall, the modern world relies heavily on a group of minerals known as rare earth metals, which are critical components in high-tech products such as smartphones, wind turbines, electric vehicles, and military equipment. China dominates the global supply of these metals, producing over 80% of the world's supply. This creates a single point of failure in the supply chain and gives China significant leverage over other countries. To reduce reliance on China, efforts are needed to develop domestic production, alternative sources, advanced refining methods and new materials. ReElement Technologies, a subsidiary of American Resources Corporation, is focused on capturing, processing, and purifying rare earth metals from end-of-life products like magnets and lithium batteries, to help diversify the world's rare earth reliance away from China. Recycling and reusing rare earth metals is becoming increasingly important due to the growing demand and environmental concerns. By recycling and reusing these materials, we can help conserve resources, protect the environment, reduce costs, reduce dependence on imports, and promote a sustainable and circular economy. With all the exciting developments over at ReElement, its strong insider & institutional investor backing, and solutions to a very serious global issue that cannot continue to be ignored. ReElement's refining capabilities are exactly what the United States and the rest of the world need to diversify their rare earth and battery mineral reliance away from Asia. Disclaimer: Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement. All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated two thousand seven hundred and fifty dollars cash for the creation and dissemination of this content by the company. This material does not represent a solicitation to buy or sell any securities. Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management. The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings. Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions. Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/ The article “ American Resources Corp's (NASDAQ: AREC) ReElement to Transform Rare Earth and Battery Metals Industry and Help the World Counter China's Dominance ” first appeared on Spotlight Growth. Contact Details American Resources Corp Spotlight Growth info@spotlightgrowth.com Company Website https://www.americanresourcescorp.com

February 16, 2023 07:30 AM Pacific Standard Time

Article thumbnail News Release

Gateway Classic Cars to Celebrate the Grand Opening of Their Charlotte North Carolina Showroom

Gateway Classic Cars

[Gateway Classic Cars of St. Louis]: Gateway Classic Cars of Charlotte is excited to host its Grand Opening on Saturday, March 25 th from 9am-1pm. The evening before, Friday, March 24 th, the Cabarrus County Chamber of Commerce will be holding its ribbon cutting ceremony at 4:00pm. Come out and celebrate the next chapter in the company’s 24-year history with Gateway Classic Cars and local motorsports legends. The Grand Opening is open to the public and has no admission or registration fee. Attendees are encouraged to cruise in with all makes and models and bring their appetite. The first 100 guests will receive a free Gateway Classic Cars T-shirt. Special giveaways will be announced throughout the day as guests listen to music and indulge in delicious cuisine from local food trucks. Gateway Classic Cars continues to remain the leader in global marketing for classic and exotic vehicles. Their new launched auction platform has only strengthened their position as the largest classic and exotic car sales network in the world. Since 1999, Gateway Classic Cars has specialized in selling classic and exotic vehicles for private sellers, collectors, and estates by improving their success in passing along the passion for their treasured vehicles. Plus, no other company is more reputable and eager to assist fellow classic car enthusiasts around the world with the opportunity to get behind the wheel of their dreams. Every Gateway Classic Cars’ showroom is open to the public from 9:00am to 5:00pm, Monday through Saturday. The Charlotte showroom showcases classic, collector, exotic cars, and trucks. The last Saturday of the month is Caffeine and Chrome, our version of cars and coffee, from 9:00am-Noon. Event Details: Title: Gateway Classic Cars Grand Opening Date: Saturday, March 25, 2023 Start Time: 9:00am End Time: 1:00pm Cost: FREE St. Louis, MO (HQ); Atlanta, GA; Charlotte, SC; Chicago, IL; Dallas, TX; Denver, CO; Detroit, MI; Fort Lauderdale, FL; Houston, TX; Indianapolis, IN; Kansas City, KS; Las Vegas, NV; Louisville, KY; Milwaukee, WI; Nashville, TN; Orlando, FL; Philadelphia, PA; Scottsdale, AZ; Tampa, FL; San Antonio, Austin, TX; Tulsa, OK Phone: (866) 383-1416 https://news.gatewayclassiccars.com Gateway Classic Cars Where Dreams Are Driven (#dreamsdriven) Corporate Offices 1237 Central Park Drive O’Fallon, IL 62269 (618) 271-3000 https://www.gatewayclassiccars.com Contact Details Gateway Classic Cars +1 618-271-3000 marketing@gatewayclassiccars.com Company Website https://news.gatewayclassiccars.com

February 16, 2023 09:46 AM Eastern Standard Time

Article thumbnail News Release

A New Approach to Traffic Safety

YourUpdateTV

Verra Mobility, a leading provider of intelligent mobility technology solutions, recently announced a call to action for drivers to commit to reducing dangerous driving behaviors to tackle the soaring traffic fatality crisis in the U.S. As part of the initiative, Jon Baldwin, the Executive Vice President of Government Solutions at Verra Mobility and Damian Kevitt, the Executive Director of Streets Are For Everyone (SAFE), participated in a nationwide satellite media tour to discuss the crisis on our roads, completing over 35 media interviews over the course of five hours. Here’s what they had to say: A video accompanying this announcement is available at: https://youtu.be/DRmQRr5a8UE Traffic fatalities in the United States steadily dropped for decades but climbed during the pandemic's early days, eventually reaching a 16-year high in 2021. The most recent projections from National Highway Traffic Safety Administration (NHTSA) indicate that this deadly trend may have started to level off in 2022. With the first nine months of last year's data suggesting that overall fatalities declined, cyclist and pedestrian fatalities have continued to rise. That means we have more work to do to save lives. For Damian, the issue hits particularly close to home. His life was changed in February of 2013 when he was hit by a car in Los Angeles while bicycling. Lucky to survive, and after losing his right leg, Damian resolved to use his personal tragedy as a way to make streets safer for everyone, with his organization SAFE advocating for actions that will help reduce traffic fatalities to zero. SAFE looks to address the crisis in a holistic fashion through direct education, broad awareness campaigns, partnerships, community outreach, policy and legislation, support for those impacted, and other proven strategies. Verra Mobility will increase its support with new actions including technology, tools, public service materials, and awareness programs along with financial commitments for continued partnerships with organizations like SAFE, the National Coalition for Safer Roads, and Families for Safe Streets, and Transportation Alternatives. The voluntary Zero In pledge asks participants to commit to better driving behaviors like slowing down, watching for pedestrians, looking carefully at busy intersections, and stopping for school buses. This pledge is a way to promote safety and remind us that changing our behavior can lead to safer speeds, safer roads, and safer communities. For more information, visit verramobility.com/zero-in-pledge About Jon Baldwin Jon Baldwin is the EVP of Government Solutions. Prior to joining Verra Mobility, Jon served as President of Fortive’s Gems, Sensors and Controls business, a global supplier of industrial sensors and control components. He also served as the General Manager for Texas Instruments’ Precision Signal Path business unit. Jon also held leadership roles in marketing, business development and strategy for National Semiconductor Corporation, Samplify Systems, Inc. and Analog Devices, Inc. He began his career at Raytheon Technologies as a systems engineer. About Damian Kevitt Damian Kevitt was raised in Los Angeles, CA, and prefers, whenever he can, to get around on his bicycle. He was schooled in the sciences – studying marine biology at UCSB and microbiology at U of A. Damian later became a professional counselor at his church, where he’s worked for well over 25 years counseling and helping both staff and parishioners. His life took a sudden turn in Feb 2013 when he was hit by a car that never stopped while bicycling in Griffith Park. Barely surviving and losing his right leg, Damian got back on his bicycle and started his quest to not only “finish the ride” he was on but also use what happened to him to make the streets safer for all. Currently, Damian leads SAFE’s programs to improve street safety and works at his church with various non-profits to help make Southern California a better place. About Verra Mobility Verra Mobility Corporation is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility’s transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe, Asia and Australia. For more information, please visit www.verramobility.com. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

February 16, 2023 09:00 AM Eastern Standard Time

Video
Article thumbnail News Release

Titan NRG, Inc. (TTNN) Releases 2022 Third Quarter Report With Record Revenues

TITAN NRG

McapMediaWire -- Publicly traded Titan NRG, Inc. (OTC: TTNN ) ("Titan NRG") operating as a downstream energy and transportation holding company through its wholly-owned subsidiaries, releases the third quarter report for the fiscal year 2022. “We had a record month in December for NRG Dynamics LLC. and it’s adding to a record third quarter in revenue. Third quarter 2022 outpaced the third quarter of 2021 by a hefty margin with our trucking division showing a 47% increase in revenues year over year.,” said Alex Majalca Jr., Titan NRG’s President, and CEO. “We’re focusing on an acquisition-driven growth model as new equipment prices are soaring, and interest rates continue to rise.” Third Quarter Fiscal 2022 Highlights $ 2,823,541 in total revenue for Quarter 3 $ 1,015,492 in gross profits $ 710,985 in Accounts Receivable $ 2,159,270 in capital assets (before depreciation) 47% increase in revenue in trucking $6,285,149 in Receipts from Customers for Nine Months ended Dec 31st Earning Per Share turned positive for the 1st time at.00134 Quarterly Report - Quarter ended December 31, 2022, can be seen on the OTC website: https://www.otcmarkets.com/otcapi/company/financial-report/359164/content Contact: Alex R. Majalca Jr. President/Chief Executive Officer Titan NRG, Inc. alex@titannrg.com About Titan NRG Inc.: Titan NRG is a holding company that operates as a downstream energy and transportation company through its wholly-owned subsidiaries. NRG Dynamics currently has 25+ transports operating in 9 states. APE Fuels offers retail and commercial propane serving southern AZ with 1500+ leased tanks and 2500+ customers. Vespene with wholesale purchasing and sales of LPG products. NRG Rail has a long-term lease on a new 18 car rail facility in Tucson, Arizona with an approved and permitted 1.2 mm gallons of propane/butane storage. NRG Equipment operates as an equipment leasing company. We're focused on vertical integration while expanding our operations to cover everything from the refinery to retail. This business model is a win for our customers, company, and shareholders. Additionally, this model can be replicated in other regions. www.titannrg.com www.twitter.com/TitanNRG ir@titannrg.com NOTES ABOUT FORWARD-LOOKING STATEMENTS Safe Harbor Statement: This press release contains 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. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with OTC Markets. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contact Details Titan NRG Inc. ir@titannrg.com Company Website http://www.titannrg.com/

February 15, 2023 08:30 AM Eastern Standard Time

Article thumbnail News Release

Autoscope European Car Care specializes in providing expert care for European cars, including BMW, Mercedes-Benz, Porsche, Audi, Bentley, and Rolls Royce.

Autoscope

Since 1982, Autoscope European Car Care has built a stellar reputation for providing top-notch service and expert care for European cars in Dallas-Park Cities, Highland Park, University Park, and Plano. The company has a team of highly skilled technicians who have undergone extensive training to provide the best possible care for high-end vehicles such as BMW, Mercedes-Benz, Porsche, and Audi. Their commitment to quality and customer satisfaction is evident in their state-of-the-art equipment, advanced techniques, and genuine parts. " Autoscope goes above and beyond to provide personal customer service and European car expertise. Our team of certified technicians employs advanced diagnostic tools to obtain a comprehensive understanding of the exact condition of each vehicle with pinpoint accuracy - delivering optimal repair solutions at an affordable price," said Nerces Mavelian, President of Autoscope. " Whether you're looking for routine maintenance or extensive repairs, you can trust that Autoscope's specialized services are engineered to ensure peak performance from your vehicle. And we back our work by providing a 3-year, 36,000-mile warranty on all of our work. Our goal is to provide the highest level of service, the highest quality of repair, and to build long-lasting relationships with our customers and their vehicles," Mavelian added. Autoscope offers a wide range of services, including regular maintenance, diagnostics, and repairs, ensuring its customers receive the highest level of care for their vehicles. Additionally, Autoscope offers a convenient and stress-free experience, with amenities such as a comfortable waiting area, free Wi-Fi, a free car wash with service, loaner cars, and a shuttle service. Autoscope's Park Cities service center is open 7:30 am – 6.00 pm Monday through Friday and closed on Saturday and Sunday. Appointments can be made by calling (214) 350-3050 or scheduling online at: Park Cities. Autoscope has two additional locations: Dallas ( White Rock area ) and Plano, TX. Visit the company's official website at https://www.autoscopecarcare.com to learn more about Autoscope European Car Care. About Autoscope European Car Care Autoscope European Car Care is a 40-year-old family-owned business that provides high-quality car care. Autoscope services most European makes and models, including Audi, BMW, Bentley, Jaguar, Land Rover, Mercedes-Benz, Mini, Porsche, and Rolls-Royce. With a team of highly skilled technicians and state-of-the-art equipment, the company is dedicated to providing the best personal service to its customers in the Dallas-Plano area. Contact Details Service Location: 6134 Denton Dr, Dallas, TX 75235 Telephone Number: (214) 350-3050 Website: https://www.autoscopecarcare.com Contact Details Autoscope Nerces Mavelian +1 214-350-3050 nmavelian@autoscopecarcare.com Company Website https://www.autoscopecarcare.com/

February 15, 2023 08:04 AM Eastern Standard Time

Article thumbnail News Release

Volatus Aerospace Receives Canadian Transportation Agency License for Drone Cargo Services

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is pleased to announce that the Company has been issued a Canadian Transportation Agency (CTA) License for domestic service, all-cargo aircraft. This license builds on the existing capabilities authorized by CTA licenses held by Volatus subsidiaries Partner Jet Inc. (Volatus Aviation) and Synergy Aviation. The addition of this license allows the Company to build its drone cargo capability under the Volatus brand in preparation for the anticipated Transport Canada/FAA regulatory changes. “Positioning Volatus with this license is an important step toward our long-term vision of drone cargo operations, when we are scheduled to take delivery of the first 3.8 tonne Natilus Kona uncrewed regional feeder aircraft (announced in a press release on January 25, 2022 ),” says Glen Lynch, CEO of Volatus Aerospace Corp. “It is still early days for large, commercial drone cargo and our primary revenues for the next few years will continue to come from data, analytics, intelligence and equipment sales.” “Today, our cargo business is limited to smaller drones, which are practical for inter-island, remote areas, industrial sites, medical and offshore applications. These current use cases continue to build our experience and reputation as an operator of cargo drones,” added Michael Hill, Regional Director for Volatus. 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. About Natilus: Natilus was founded in 2016 to commoditize the air cargo transport industry by designing and manufacturing one of the world’s first autonomous aircraft for efficient and sustainable freight transport. This new fleet of blended wing body (BWB) autonomous freight aircraft will increase volume by 60% and lower costs by 60%, while reducing carbon emissions by 50%. Natilus aircraft use existing ground infrastructure and standard air cargo containers to produce an innovative turnkey solution for customers. The first in a family of aircraft, the Natilus Kona, is expected to carry up to 4.3 metric tonnes of freight, fly as far as 900 nautical miles, and cruise at 220 knots. To date, Natilus has an order book of $6B for 460+ aircraft. Volatus has the rights to the first aircraft production slot. 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 business plans and expectations of the Company; 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 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 commercialization of drone flights beyond visual line of sight and potential benefits to the Company; and meeting the continued listing requirements of the TSXV. 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 Abhinav Singhvi +1 514-447-7986 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

February 15, 2023 07:00 AM Eastern Standard Time

Image
Article thumbnail News Release

Breeze Announces 22 New Routes from 20 Cities; Adds Portland, Maine as New Destination

Breeze Airways

Breeze Airways, the newest, nicest domestic low-fare airline, is adding 22 new nonstop routes from 20 cities nationally, and introducing Portland, ME, to its national network on May 17. The airline will offer four nonstop destinations from Portland, to Charleston, SC; Tampa, FL; Norfolk, VA; and Pittsburgh, PA. Breeze now offers 143 nonstop routes between 35 cities in 21 states nationally. “Here we grow again,” said David Neeleman, Breeze Airways’ Founder and Chief Executive Officer. “Portland is our first Maine destination and a great addition to the route network. We’re always looking for new routes that people are traveling today but can’t get there nonstop. So, at Breeze, we’ll get you there twice as fast for about half the price! Guests on Breeze may choose from three fare bundles that are offered as ‘Nice’, ‘Nicer’, and ‘Nicest’. The Nicest bundles are only available on Airbus A220 flights. 22 New Nonstop Routes (Plus 4 New BreezeThru Route Options) From Akron-Canton, OH (CAK): • Norfolk, VA (Thurs and Sun, starting June 1 through September 5, Nice from $39* one way; Nicer from $79*). From Charleston, SC (CHS): • Portland, ME (Mon and Fri, starting May 19, Nice from $49* one way; Nicer from $79*). From Cincinnati, OH (CVG): • Richmond, VA (Mon and Fri, starting May 19 through September 5, Nice from $39* one way; Nicer from $79*); and • Jacksonville, FL (One-stop/no plane change BreezeThru, Mon and Fri, starting May 19). From Fort Myers, FL (RSW): • Hartford, CT (Wed and Sat, starting May 17, Nice from $59* one way; Nicer from $99*; Nicest from $249*); and • Providence, RI (Tues, Thurs and Sun, starting July 13, Nice from $49* one way; Nicer from $79*; Nicest from $249*). From Hartford, CT (BDL): • Fort Myers, FL (Wed and Sat, starting May 17, Nice from $59* one way; Nicer from $99*; Nicest from $249*); • New Orleans, LA (Mon and Fri, starting May 19 through September 5, Nice from $59* one way; Nicer from $99*; Nicest from $149*); • Tampa, FL (Tues, Thurs and Sun, starting May 18, Nice from $39* one way; Nicer from $79*; Nicest from $249*); and • Los Angeles, CA (One-stop/no plane change BreezeThru daily, starting May 17). From Jacksonville, FL (JAX): • Los Angeles, CA (Tues, Thurs and Sun, starting May 18, Nice from $99* one way; Nicer from $149*; Nicest from $399*); • Pittsburgh, PA (Thurs and Sun, starting May 25 through September 5, Nice from $39* one way; Nicer from $79*); • Cincinnati, OH (One-stop/no plane change BreezeThru, Mon and Fri, starting May 19); and • Louisville, KY (One-stop/no plane change BreezeThru, Mon and Fri, starting May 19). From Long Island-Islip, NY (ISP): • Pittsburgh, PA (Thurs and Sun, starting May 25 through September 5, Nice from $39* one way; Nicer from $79*); and • Richmond, VA (Thurs and Sun, starting May 18 through September 5, Nice from $39* one way; Nicer from $79*). From Los Angeles, CA (LAX): • Jacksonville, FL (Tues, Thurs and Sun, starting May 18, Nice from $99* one way; Nicer from $149*; Nicest from $399*); • New Orleans, LA (Mon and Fri, starting May 19, Nice from $99* one way; Nicer from $139*; Nicest from $399*); • Raleigh-Durham, NC (Wed and Sat, starting May 17, Nice from $129* one way; Nicer from $179*; Nicest from $399*); and • Hartford, CT (One-stop/no plane change BreezeThru daily, starting May 17). From Louisville, KY (SDF): • Raleigh-Durham, NC (Mon and Fri, starting May 19 through September 5, Nice from $39* one way; Nicer from $79*); and • Jacksonville, FL (One-stop/no plane change BreezeThru, Mon and Fri, starting May 19). From New Orleans, LA (MSY): • Hartford, CT (Mon and Fri, starting May 19 through September 5, Nice from $59* one way; Nicer from $99*; Nicest from $149*); and • Los Angeles, CA (Mon and Fri, starting May 19, Nice from $99* one way; Nicer from $149*; Nicest from $399*). From Norfolk, VA (ORF): • Akron-Canton, OH (Thurs and Sun, starting June 1 through September 5, Nice from $39* one way; Nicer from $79*); • Portland, ME (Mon and Fri, starting June 2 through September 5, Nice from $39* one way; Nicer from $79*); • Syracuse, NY (Thurs and Sun, starting June 1 through September 5, Nice from $39* one way; Nicer from $79*); and • Raleigh-Durham, NC (One-stop/no plane change BreezeThru, Thurs and Sun, starting May 18). From Orlando, FL (MCO): • Providence, RI** (Mon, Tues, Wed, Fri and Sat, starting July 14, Nice from $39* one way; Nicer from $79*; Nicest from $249*). From Pittsburgh, PA (PIT): • Jacksonville, FL (Thurs and Sun, starting May 25 through September 5, Nice from $39* one way; Nicer from $79*); • Long Island-Islip, NY (Thurs and Sun, starting May 25 through September 5, Nice from $39* one way; Nicer from $79*); • Portland, ME (Mon and Fri, starting June 2 through September 5, Nice from $39* one way; Nicer from $79*); and • Raleigh-Durham, NC (Thurs and Sun, starting May 18 through September 5, Nice from $39* one way; Nicer from $79*). From Portland, ME (PWM): • Charleston, SC (Mon and Fri, starting May 19, Nice from $39* one way; Nicer from $79*); • Norfolk, VA (Mon and Fri, starting June 2 through September 5, Nice from $39* one way; Nicer from $79*); • Pittsburgh, PA (Mon and Fri, starting June 2 through September 5, Nice from $39* one way; Nicer from $79*); and • Tampa, FL (Wed and Sat, starting May 17, Nice from $59* one way; Nicer from $99*; Nicest from $249*). From Providence, RI (PVD): • Fort Myers, FL (Tues, Thurs and Sun, starting July 13, Nice from $49* one way; Nicer from $79*; Nicest from $249*); • Orlando, FL (Mon, Tues, Wed, Fri and Sat, starting July 14, Nice from $39* one way; Nicer from $79*; Nicest from $249*); • Sarasota-Bradenton, FL (Thurs and Sun, starting July 13, Nice from $59* one way; Nicer from $99*; Nicest from $249*); and • Tampa, FL (Mon, Wed, Fri, and Sat starting July 14, Nice from $39* one way; Nicer from $79*; Nicest from $249*). From Raleigh-Durham, NC (RDU): • Los Angeles, CA (Wed and Sat, starting May 17, Nice from $99* one way; Nicer from $149*; Nicest from $399*); • Louisville, KY (Mon and Fri, starting May 19 through September 5, Nice from $39* one way; Nicer from $79*); • Pittsburgh, PA (Thurs and Sun, starting May 18 through September 5, Nice from $39* one way; Nicer from $79*); and • Norfolk, VA (One-stop/no plane change BreezeThru, Thurs and Sun, starting May 18). From Richmond, VA (RIC): • Long Island-Islip, NY (Thurs and Sun, starting May 18 through September 5, Nice from $39* one way; Nicer from $79*); and • Cincinnati, OH (Mon and Fri, starting May 19 through September 5, Nice from Nice from $39* one way; Nicer from $79*). From Sarasota-Bradenton, FL (SRQ): • Providence, RI (Thurs and Sun, starting July 13, Nice from $59* one way; Nicer from $99*; Nicest from $249*). From Syracuse, NY (SYR): • Norfolk, VA (Thurs and Sun, starting June 2 through September 5, Nice from $39* one way; Nicer from $79*). From Tampa, FL (TPA): • Hartford, CT (Tues, Wed, Thurs, Sat, and Sun, starting May 17, Nice from $39* one way; Nicer from $79*; Nicest from $249*); • Portland, ME (Wed and Sat, starting May 17, Nice from $59* one way; Nicer from $99*, Nicest from $249*); and • Providence, RI (Mon, Wed, Fri, and Sat starting July 14, Nice from $39* one way; Nicer from $79*, Nicest from $249*). Seat pitch for a Standard Economy seat is 30 inches on the A220s and 31 inches on the E-195s, while seat pitch for Extra Legroom is 32 inches on the A220s and between 34 and 39 inches on the E-195s, depending on the row selected. First Class seats feature 39 inches of seat pitch, 20.5 inches of seat width, and special features including a footrest for added comfort, and in-seat AC power and USB/C ports. Guests also have an a la carte option where they can choose a ‘Nice’ or ‘Nicer’ bundle and add a First Class seat as well. Breeze has ordered 80 brand new Airbus A220-300 aircraft, with options for 40 more. Breeze doesn’t charge change or cancellation fees up to 15 minutes prior to departure and offers other benefits such as free family seating and a la carte pricing. With seamless booking, no change or cancellation fees, up to 24-months of reusable flight credit and customized flight features delivered via a sleek and simple app, Breeze makes it easy to buy and easy to fly. Flights are now on sale at www.flybreeze.com and via the Breeze app. *Promotional fare is only available when booking a new reservation. Promotion must be purchased by February 20, 2023 (11:59 pm ET) for travel by September 5, 2023. Price displayed includes taxes and government fees. Fare prices, rules, routes and schedules are subject to change without notice. Other restrictions may apply. BREEZE B-ROLL FOR BROADCAST MEDIA: https://spaces.hightail.com/receive/wdVrjlK9EX About Breeze Airways Breeze Airways began service in May 2021. One year later, it was ranked as the No. 2 U.S. best domestic airline of 2021 by Travel + Leisure World's Best Awards. Breeze now offers 143 nonstop routes between 35 cities in 21 states. Founded by aviation entrepreneur David Neeleman, Breeze operates a fleet of Embraer 190/195 and Airbus A220-300 aircraft, with a focus on providing efficient and affordable flights between secondary airports, bypassing hubs for shorter travel times. With seamless booking, no change or cancellation fees, up to 24-months of reusable flight credit and customized flight features – including complimentary family seating - delivered via a sleek and simple app, Breeze makes it easy to buy and easy to fly. Flights are on sale at flybreeze.com and via the Breeze app. Contact Details Breeze Airways Gareth Edmondson-Jones +1 917-399-9355 gareth.edmondsonjones@flybreeze.com Company Website https://www.flybreeze.com

February 14, 2023 04:00 AM Eastern Standard Time

Article thumbnail News Release

Highly Incentivized Scramble For Commercial and Residential Solar As Some Energy Bills Expected To Skyrocket 50% - 200%

SinglePoint Inc.

By Michael O'Connor, Benzinga Of the total new electricity-generating capacity added in the United States last year, 46% was solar power. Even as supply-chain disruptions led to increased costs for solar panels, 2021 broke records with more than 500,000 solar installation projects completed in a single year for the first time – ever. Now with the passing of the Inflation Reduction Act, the U.S. solar market could experience even more of a boom — the Solar Energy Industries Association® (SEIA) recently issued a press release around a report on September 8, saying that “the Inflation Reduction Act (IRA) will help the U.S. solar market grow 40% over baseline projections through 2027, equal to 62 gigawatts (GW) of additional solar capacity, according to new forecasts in the U.S. Solar Market Insight Q3 2022 report”. President Joe Biden referenced some of these points in the recent State of the Union address, showing continued dedication to the topic that some companies in the industry noted is a good sign of government follow-through. “The Inflation Reduction Act has given the solar industry the most long-term certainty it has ever had,” said Michelle Davis, principal analyst at Wood Mackenzie and lead author of the report. “Ten years of investment tax credits stand in stark contrast to the one-, two-, or five-year extensions the industry has experienced in the last decade. It’s not an overstatement to say that the IRA will lead to a new era for the U.S. solar industry.” The Biden Administration aims to transition the nation's grid to at least 40% solar by 2035. For this ambitious goal to become a reality, solar energy providers have many panels to install. And large companies in the space, such as First Solar (NASDAQ: FSLR) and Enphase (NASDAQ: ENPH), will benefit significantly from smaller companies that sell and install the projects to the property owners. Occurring at the same time, there are reports of massive price increases for energy that could be digging into businesses' bottom line nationwide and encouraging a significant uptick in commercial solar spending and installation. Wil Ralston, CEO of emerging solar player SinglePoint Inc. (OTCQB: SING), said, “Many of our clients and partners are experiencing unprecedented increases in their electricity bills. As a part of our sales process, we evaluate potential customers’ energy purchasing needs, and we have seen utility bill increases ranging from 50% to 200% on commercial utility prices. Our company aims to help offset and reduce those expenses through direct energy purchases agreements and renewable energy solutions such as solar and energy storage.” While Europe has garnered many headlines for enormous spikes in energy costs primarily due to the conflict between Ukraine and Russia, the U.S. and the rest of the world may be just a little behind. Many businesses that are already being incentivized by the Inflation Reduction Act are most likely experiencing an additional effect of rising electricity costs — the upshot of which could be a unique and crucial time for solar installers and service providers. Ralston added, “Between generous tax credits and rapidly rising energy costs, there never has been a time in the past that the economic decision to go solar has been more obvious to many potential customers. And with SinglePoint’s vertically integrated structure, we feel we are well-positioned to capitalize on the expected surge in solar energy going forward.” SinglePoint is a company working to make the solar industry more customer-friendly. The rapidly growing renewable energy solutions company has been developing a diversified portfolio of services, including the acquisition of The Boston Solar Company, LLC, a leading solar installer based in Massachusetts. The company reported Q3 Revenue of $6,589,227 vs. Q3 2021 of $273,877 — SinglePoint’s strategy has been to build a nationwide network of solar panel installers to help transform the complicated landscape of the solar industry into one that’s easier to navigate for both residential and commercial customers. SinglePoint, with a market capitalization of only $5.37 million, may be worth watching for a positive revolution in the market to reflect this revenue growth. This article was originally published on Benzinga here. About SinglePoint Inc (OTCQB: SING) SinglePoint Inc.(www.singlepoint.com) is a renewable energy and sustainable lifestyle company focused on providing environmentally friendly energy efficiencies and healthy living solutions. SinglePoint is initially focused on building the largest network of renewable energy solutions and modernizing the traditional solar and energy storage model. The Company is also actively exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies and appliances that enhance sustainability and a healthier life. For more information, visit the Company's website (www.singlepoint.com) and connect on social media for the latest updates. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Tra-Digital IR +1 212-389-9782 Investors@SinglePoint.com Company Website http://www.tradigitalir.com

February 09, 2023 09:25 AM Eastern Standard Time

1 ... 4748495051 ... 122