News Hub | News Direct

Transportation

Airlines Automotive Electric Vehicles Logistics Maritime
Article thumbnail News Release

MingZhu To Deploy 700 Hydrogen Fuel Cell Vehicles By The End Of 2023 in Agreement With Dongfeng Liuzhou And Guoqing New Energy Technology

MingZhu Logistics Holdings

MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (“MingZhu”) announced an agreement with Dongfeng Liuzhou Motor Company ("Dongfeng Liuzhou") and Shenzhen Guoqing New Energy Technology Company ("Guoqing Technology"). All three companies will work together to advance the competitiveness of the hydrogen fuel cell industry. MingZhu, with the help of the other two companies, is aiming to deploy 700 new-generation hydrogen fuel cell vehicles by the end of 2023. MingZhu is a 4A-Grade trucking service provider with a large fleet of more than 1500 trucks that services 29 regions throughout China. MingZhu is a key player in China’s “Belt and Road” initiative, which will help link key economic sectors throughout the country’s regions through strong transportation channels. The company has expressed a strong desire to invest in environmentally-friendly transportation vehicles to usher in a new wave of Chinese transportation and economic development. This agreement is a key step in the direction of having more energy-efficient vehicles and an expanded network of transportation services. MingZhu will be deploying these vehicles across its strong existing transportation network; this includes cold chain cargo transportation across cities in the Pearl River Delta region, port container transportation at Yantian Port Terminal and bulk cargo transportation in the Xinjiang region. Hydrogen fuel cell vehicles are similar to electric vehicles as they are zero-emission but instead of an electric battery, the vehicle generates electricity through an onboard fuel cell using hydrogen as its main power source. Guoquing Technology was the first enterprise in Shenzhen to successfully commercialize hydrogen fuel cell vehicles in mass production. As gas and diesel prices continue to rise, MingZhu’s shift towards more environmentally friendly vehicles should prove advantageous. Mr. Jinlong Yang, Chairman and Chief Executive Officer of MingZhu Logistics Holdings Limited, commented, “The importance of supply chain and fuel security reached a critical level during the pandemic. Our customers are making strategic decisions to add optionality into their logistics networks as they seek to derisk the high prices and volatility of traditional gas and diesel. Hydrogen fuel cells have a significant potential to be the alternative our customers want, and by partnering with two leaders in the space we will be able to accelerate our timeline, while reducing the otherwise costly R&D investment required. We view this as a win-win for MingZhu, our customers and our partners.” Established in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings Limited is a 4A-rated professional trucking service provider. Based on the Company’s regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings offers tailored solutions to our clients to deliver their goods through our network density and broad geographic coverage across the country by a combination of self-owned fleets, tractors and trailers and subcontractors’ fleets. For more information, please visit ir.szygmz.com. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details MingZhu Logistics Holdings Limited: company@szygmz.com Company Website https://ir.szygmz.com/

December 23, 2022 08:30 AM Eastern Standard Time

Article thumbnail News Release

7 Best Essay Writing Services 2023: Legit Paper Writing Websites

Writing Solutions

Are you looking for a professional essay writing service that delivers quality content reliably? If so, you are not alone. Many people are choosing to buy essay writing services, especially as more people attend university or college and realize they simply don’t have time to get everything done. There are many reasons to use these types of services. You might be too busy with final exams or work to get your essays done on time. Using an essay writing service can actually save you time, energy and mental strength for more important ventures, like work. You can also use these services to help give you a better idea of what a great essay on a certain subject looks like, so that you can improve your own writing in the future. Or you can use these services for essays in unimportant subjects, so that you can redirect your primary focus towards your major. Regardless of why you want someone to write your essay, there is one hard truth to face: it can be surprisingly hard to find the best essay writing service. Some companies delivery poor quality results, don’t cover the subject you need, or they don’t even deliver at all and scam you out of your money. How do you tell the “dud” companies from the professional companies? Look no further than this guide. We understand how hard it is to find a great essay writing service, which is why we’ve prepared this guide to the best essay writing services that you’ll find today. These are reliable, legitimate websites that will deliver quality results on time, every time. If you’re ready to take some weight off your academic shoulders, take a look at the following guide that will help you find writing services to suit your needs in 2023. Looking for a quick fix? Here is our top 7 list. 99Papers - the absolute best essay writing service to use in 2023. PaperHelp - a highly rated writing company based in the USA. 1Essay - professional college paper writers to hire Studdit - newest website with TOP writers EssayPro - cheap essay writing company EssayBox - one of the best website to buy essays online MyAdmissionEssay - write my admission essay provider. Ready to find out more about these great services? Read on to explore their reviews! The List of 7 Best Essay Writing Services 2022/23 1. 99Papers 99Papers is the top essay writing service out there today. They provide customizable essay writing services and a money back guarantee that will make you feel at ease about buying essays from them. Features 99Papers features a 100% money-back guarantee if you're not satisfied with your essay, along with a plagarism-free guarantee. 99Papers uses special software to detect plagiarism. This is especially critical in today’s digital world. How it Works 99Papers is very easy to use. First, you provide the website with the basic information about your essay: what type of essay it is (such as academic essay versus general essay); the academic level; the deadline; and how many pages the essay needs to be. 99Papers estimates 275 words per page, so keep this in mind. Once you provide the service with this information, they will get back to you with a confirmation of the price for your content. If you want to move forward, you can pay and the order will start. If you’d like, you can talk to the writer assigned to your essay. This will help you to make sure that the writer understands what you need from your essay. They can even provide you with an outline of the work. The final draft of the essay will be sent to you for approval before the deadline. Once you accept it, you can download it. Pricing 99Papers pricing will vary depending on factors like the type of essay; academic level; deadline; and page number. Their high school level essay writing starts at $9.95 per page for essays due in more than 15 days; and goes all the way to $55.50 per page for PhD level writing that is due within 3 hours. The website provides a handy chart and pricing calculator that is easy to use. From January 2023 you can use promo code D1HV77R8 to get 5% discount on your order. 99Papers Customer Review "I chose 99Papers to write my essay because of the good reviews I found online. I really liked how customized the entire process was, and the fact that I could talk to the writer who was working on my essay. I let them know about a few stylistic things I’d like in my essay, and they were accommodating for that. I also liked that I didn’t feel blindsided by the essay quality. I got an outline and approved it, and got to approve the final draft. I was worried I might need to request a refund because I’d never used them before, but the quality was great!" 2. PaperHelp PaperHelp is a top essay writing service company in the United States with plenty of features. Features PaperHelp has some unique features. These include optional paid extras that can improve your experience. Their optional extras included: VIP customer support; #1 priority in customer support and fast feedback; Plagiarism report; a report proving that the paper does not contained plagiarism; Abstract page; an abstract for content that requires it; Sources; a report providing sources used for the essay; Outline or table of contents; formatted TOC or outline for the essay; Editor checking; extra proofreading from an expert editor; Charts; charts and graphics; Writer category; choosing a writer from PaperHelp's writing categories, Basic, Advanced and TOP. How it Works The PaperHelp order process is straightforward. You provide the service with information using their provided form, which requires you to tell them the type of paper, page number, and deadline. You must also explain the essay's requirements with as much detail as possible. Then, you submit this information with a valid email. Your email will be used to log into the website, and you can pay from there. Then, you can track and manage your order using the website or app. Pricing PaperHelp's pricing will vary depending on a few factors, including the deadline, academic level, and pages required for the essay. Pricing starts at $10 per page for high school writing and a minimum $21 per page for professional writing. Best price you can get at February 2023 with Happy New Year discount codes from the service main page. One unique element of PaperHelp's pricing is that you can choose between three different types of writers, which can also influence the price. Basic writers are standard writers. Advanced writers are native English writers who are considered the top in a particular field. And TOP writers are native English writers who have the best ratings. The optional features explained above are also available for an additional cost. For instance, the VIP customer support extra is an additional $14.99. PaperHelp Customer Review "I was nervous about having an essay writing on a complex topic, but I decided to give PaperHelp a try. Overall, I was really impressed. I felt their prices were fair, especially considering the complex nature of my essay. It was delivered on time. I really liked that there was an app I could use to keep track of my order, it made things a lot easier. I found out you actually get discounts for using their service more than once, and since I was satisfied with my essay, I’ll definitely be going back for more in the future." 3. 1Essay 1Essay is a quality essay writing company known for providing more affordable essays compared to its counterparts. Features 1Essay does not have a lot of frills, but this is reflected in the affordable pricing. Their primary features include customer service support that is available 24 hours a day, seven days a week. Customer service can provide you with updates on your order or help you with anything you need. Other features include profiles of the writers which can provide you with credentials. These are available upon request only. How it Works Ordering from 1Essay simple. First, you fill out their inquiry form on their website. This form asks you to clarify the type of essay, the academic level, and the deadline. After you send in this inquiry, you can provide additional information so that the website service can confirm a price quote for you. You can connect with the writer at anytime, in case you wanna check with the progress of your essay or to provide some additional information such as notes or stylistic choices. Your essay will then be delivered before the deadline so that you can approve it and to make sure you will have it in time period in time. Pricing 1Essay’s pricing starts at $9 per page for high school writing and a minimum of $25 for PhD level writing. The pricing will vary depending on the deadline; it might also vary depending on the type of essay and topic. 1Essay Customer Review "I was a bit nervous because there weren't many features that I am used to seeing on other writing service websites. However, the S I received was really great quality, especially considering the price was blower. Despite the lower price, the writing was really high quality and professional. I felt the writer really understood the subject and the assignment." 4. Studdit Studdit is a homework help website that includes essay writing services. Features The most unique feature of this website is the ability to use free revisions. These will ensure that your SA meets your needs even before it is finished. They also provide rush services for an additional fee, for those days when you need an essay done fast. How it Works Ordering an essay from this website is fairly straightforward. First, use the order inquiry form to provide the website with essential information about your essay. This includes the academic level, the deadline and the page number. Keep in mind that your final quote may be different depending on any extras you order or the overall complexity of your essay. You can check on your order while it is being written and processed. You get at least one free revision with your purchase price. Once it is approved, you can download it. Don’t forget to rate your writer afterwards. If you like the writer, you can even add them to your favourites. Pricing Studdit’s pricing starts at $10 per page for high school writing and $21 per page for professional writing, or writing for Master’s Degree and higher. The closer the deadline, the higher the price. Studdit Customer Review "Studdit was really helpful in getting my essay done on time and professionally. Even though the topic was difficult, I feel like the writer did enough research to make it sound well-researched and thought out. I also liked that it was delivered on time, so I didn't have to worry about it being late. The website was easy to use and when I reached out to customer service for some help, I got a fast reply." 5. EssayPro EssayPro is the cheapest essay writing service with dedicated writers and great customer service. Features This service offers a few additional features, such as optional plagiarism reports for an additional fee. The most notable feature is the ability to choose the writer you want for your essay. After you choose a writer, you make a payment deposit. You only finish payment after your essay has been finished and approved. How it Works Using the services simple. First, you need to provide them with the basic information about the essay you need written. This includes the deadline, page number as well as the academic level period from there, your order inquiry will be approved with a final price quote. Then, you choose your writer and make a payment deposit. Once the essay is finished and you have approved it, you can download it for your use. You can always contact customer service during the order. If you have any questions. Pricing EssayPro’s writing starts from $10.80 per page. The pricing can vary considerably depending on the academic level, topic and deadline. EssayPro Customer Review "The best writing service I’ve used. I really liked how simple the order process was, because I didn’t have time to fuss around. The prices were fair, especially considering the high quality of the essay I received. I really feel that this service employs the best professional writers, even on niche topics that are somewhat difficult to understand." 6. EssayBox EssayBox provides quality essays at affordable prices. Features EssayBox has several unique features. One of the services most unique features is its originality reports. These reports ensure that your essay is original and won’t be considered plagiarism. Other features including free title pages, free outlines, free bibliographies, and free revisions. How it Works First, you provide the service with the basic information about the essay you need written. This includes academic level, deadline and page count. Once they have approved this information, you’ll be provided with a confirmed price quote. If you would like to move forward, make your payment and a writer will start working on your essay as soon as possible. You can check on the content while it is being written, and request revisions during or after the essay is finished so that it meets your needs. Pricing Prices start at $12 per page for high school writing or $28per page for PhD writing; this is within 15 day+ deadlines. Promo code F96MZSFW for 5% will be valid from March to May 2023. EssayBox Customer Review "Wow! I can’t believe how quickly they got my essay done. I’m so glad I chose the service, because I was really in a pinch. Not only did they get my essay to me on time, but it was well written and exactly what I needed. I will definitely use their services in the future, especially if I have something that needs to be done quickly. I also appreciated how prompt their customer service was when I reached out with my inquiry." 7. MyAdmissionEssay MyAdmissionEssay is a writing service that specializes in admission’s essays. Features In addition to regular writing services, the service specializes in admissions essays. Their features include a loyalty program that can provide you with bonuses and discounts, along with the ability to choose writers in different categories. How it Works First, you provide the service with the basic information about your essay or admissions essay. Then, you’ll be provided with a firm price quote. If you move forward, you can contact the writer you choose during the writing process to ensure that you are on the same page. After the essay is finished, and you approve it, you can download it for your use. Pricing Pricing for admissions essays starts at $20 per page for essays due in 20 days or longer. Pricing for regular essays starts at $11 per page for high school and $19 per page for professional. MyAdmissionEssay Customer Review "I use them for my admissions essay and I couldn’t be happier. They delivered it on time and I felt that the ability to choose a more professional writer helped me to get better content overall." Frequently Asked Questions The following are the most frequently asked questions about getting an essay written. How much does it cost to buy an essay online? If you tell an essay writing service, simply, “I want you to write my essay, what is your price?” then you’re not likely to get a clear answer. The reason for this is because the cost of getting an essay written online can vary depending on numerous factors. The most important factors to consider are: academic level, amount of pages, and deadline. The higher the academic level - think high school to postgraduate - the higher the price. This is because it takes more experienced, professional and knowledgeable writers to create content for college-level topics than writing intended for a high school essay. Most essay writing services will price their essays “per page,” meaning you need to multiply the page count by this price. For instance, if a service charges $10 per page for a high school essay and the essay needs to be 8 pages, the price would be $80 as a base rate. Finally, you need to consider the deadline. The sooner you need your essay delivered, the more it is going to cost due to the rush service. The amount that a company charges for a rush service will vary on the company and how quickly you need the essay. As a general rule, expect to spend anywhere from $10 to $50 per page for an essay, with the above factors in mind. Are essay writing services legitimate in the United States in 2023? They can be. The key to ensuring that the essay writing service that you’re using is legitimate is to do some research. Only purchase from websites with authentic reviews, and always look up the company on several websites to make sure that it’s legitimate. Of course, the top 7 writing services that we’ve listed are all known for providing legitimate work. But if you do decide to venture to other services, especially newer ones, it’s important to do some research in order to avoid being scammed. There are several things to consider when you are trying to decide if a writing service is legitimate. First, how new is the service? If it’s not established, you’ll have to try harder to find out information or to look for reviews. Always take a look at the legitimate reviews posted outside of the website, such as on social media or independent blogs. What do these buyers say? People are more likely to be honest with reviews when they’re posted outside the service’s website. Another thing to consider is the overall clarity of the website. Does the service offer information about who they are, why they are qualified to write essays, and what prices they charge? If so, they are more likely to be legitimate. What are the simple steps to order an essay online? It can be daunting to order a written essay online, but once you understand the process that most of these writing services use, you’ll be an expert in no time. The first thing you need to do is gather all of the information about the essay you need written. This includes the academic level, the topic, the page number, and the deadline. You should also keep any special requirements handy. For instance, if your essay needs to be written in a certain format, this is information the website service will need to know. Next, you’ll need to choose the essay writing service you want to order from; ideally, consider one of the top 7 services we’ve listed and reviewed, as these are the best options for essay writing in 2023. Then, contact the writing service through their ordering page. This may involve submitting a form or otherwise providing the service with the necessary information. Once you’re on the website’s checkout page, you can confirm the total cost and make your payment. After that, all you need to do is wait for your essay to be written and delivered. It should be noted that you should keep an eye on the email you used for this order, just in case the writing service needs additional information to complete your essay. What is the best essay writing service in 2023? 99Papers is the best essay writing service to use in 2023. They have experienced, professional writers who work with you to ensure that your essay meets the criteria that you need. Although other services may still provide quality content, if you’re looking for the best of the best, then this is the company you should choose. A highly customizable process helps to ensure that you match with a writer who can deliver a high quality essay on time period their pricing may be a bit higher than some of the other services, but the high quality you receive is well worth the trade off. Another great element of 99Papers is the fact that they have a money back guarantee. This can help ease your mind if you are worried about the quality of the essay you will receive. In addition to this, there are plagiarism detector will make sure that your essay features no plagiarism and is authentically written. If you are looking for an essay writing service that truly has it all, you can do no better than 99Papers. Quality essays, reliable service, and a very customizable order experience all help this website to stand out from the rest. What is the best website to hire college paper writer in USA? PapersHelp is the best website to hire a college paper writer based in the USA. Their content is high quality, delivered on time and they understand the college essay writing process better than many other services. When you are looking to hire an essay writing service, it is critical that you choose someone who knows what they are doing. The features offered by the service also make it an exceptional choice when it comes to getting a college essay written. If you were looking for an essay writing service that specializes in college essay writing, while also being based in the USA, this is the best option. What is the cheapest essay writing company worldwide? EssayPro is the cheapest option when it comes to essay writing. If you’re looking for an essay writer that provides quality content without breaking the bank, then this is an excellent choice. Although they don’t offer as many frills as other essay writing services, they still provide quality content that is delivered on time. If you were looking for an essay writing service that offers great content that meets your needs, this is definitely the most affordable option. Remember, you won’t be getting as many features as you would with other websites, but this is the trade off for paying less money overall. U.S. colleges with the hardest requirements for an essay writing Every college or university has different requirements when it comes to essay writing for their students. Some colleges place hardly no emphasis on essay writing at all, while others have difficult requirements that can put a lot of pressure on students to perform well in their essays. The following are the top U.S. colleges with the hardest requirements for essay writing in 2023, along with a note about what makes them so hard. University of Michigan University of Michigan requires a total of 4 admissions essays, including 3 supplementary essays. These essays are known for their tough questions. University of Notre Dame The University of Notre Dame requires a total of 4 admission essays, including 3 supplemental essays with difficult, often philosophical questions. Amherst College Amherst College is known for its rigorous admission essay requirements; the essay prompts are based on quotes provided by previous or existing Amherst students. Applications can also choose to submit exceptional, existing graded papers from previous schooling. Brown University Brown requires 4 admissions essays that involve research and intimate knowledge of Brown University. Tufts University Tufts has difficult but creative admission essays that are challenging to applicants. California Institute of Technology CIT requires a total of 8 admissions essays with diverse, engaging but tough prompts. Massachusetts Institute of Technology MIT requires applications to complete a total of 5 admissions essays that require research and thoughtful consideration. University of Chicago The University of Chicago is known for requiring 3 supplemental essays with very creative prompts that can be difficult to answer. Princeton University Princeton will require four essays, including a regular admissions essay. The prompts are often personal, while requiring deep thought. Stanford University Stanford University has a very rigorous application process which requires numerous tests, transcripts, and reports. They also require a total of 11 supplemental admissions essays with creative, engaging but very challenging prompts. The high number of essays, along with the additional application requirements, is largely what makes Stanford’s essay requirements so difficult. Final Thoughts There are many reasons why you might choose to use an essay writing service. You might need help with a difficult topic or an admissions essay; you could be swamped from work and need someone else to take the weight off your shoulders; or you simply want to buy an essay because you don’t feel like writing your essay at the moment. Whatever your reason for wanting to find the best essay writing service, it’s important to keep a few things in mind. One, if at all possible, use one of the services discussed in the article above. These websites provide the best services at reasonable rates, and you’ll find that they are highly reliable and will meet your needs every time. Two, make sure you have all of your essay information ready before you start comparing prices across the different services. This will make it easier to input your information to get a price quote, and you’ll spend less time trying to find information like your page count or requirements. Three, remember that you’ll need to pay more money for different types of writing. Buying an essay intended for high school is going to cost you less than an essay for college or a post-graduate level; the pricing can also be impacted by when you need it by, as well as the page count. Finally, remember to always do your research before you commit to purchasing an essay from any essay writing service. When you do roper research, you’ll be able to eliminate sketchy websites that deliver low quality results--or don’t deliver at all. For best results, stick with experienced, legitimate websites that have great reviews and employ professional writers that know what they’re doing. We highly recommend that, if you’re ready to buy an essay, you should strongly consider using one of the top 7 best essay writing service companies updated in December 2022 and listed above for using in the next year. Contact Details Will Collins contact@legitwritingservice.com Company Website https://legitwritingservice.com

December 22, 2022 06:02 PM Eastern Standard Time

Article thumbnail News Release

MingZhu Logistics Holdings Enters $34 Million Agreement And Furthers Its Position As A Strategic Bulk Coal Cargo Transportation Provider

MingZhu Logistics Holdings

MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (“MingZhu”) announced a $34 million agreement with Xinjiang Tianfu Yitong Supply Chain Management Co, Ltd. (“Tianfu”). The agreement states that both companies will work together to establish a mutually beneficial and long-term transportation relationship. MingZhu will use its transportation and logistics expertise to handle the transportation of bulk coal cargo between Tianfu Yitong’s operations in Gansu, Qinghai, and Xinjiang. Tianfu is a logistics service provider with a specialty in coal, ore, and other bulk goods. The company has focused on building a complete logistics data platform and integrated supply chain but is in need of the transportation services that MingZhu is known for. MingZhu is a 4A-Grade trucking service provider with a large fleet of more than 1500 trucks in 29 regions throughout China. The company also recently acquired transportation service provider Feipeng to expand its service to include intermodal transportation. MingZhu has experience providing transportation for bulk cargo foam coal and raw coal for Tianfu. The agreement was a natural progression of the relationship between the two companies. MingZhu has been in the transportation and logistics business for 19 years and has worked hard to be a recognizable name in the global energy transformation, transportation, and reform. 2022 saw an adjusted coal mine capacity replacement policy as part of the “Fourteenth Five Year Plan” from the National Energy Administration of China. While the country balances environmental considerations and energy requirements, coal storage and transportation are a large part of the national conversation. MingZhu is a key player in China’s “Belt and Road” initiative, which will help link key economic sectors throughout the country’s regions through strong transportation channels. Mr. Jinlong Yang, Chairman and Chief Executive Officer of MingZhu Logistics Holdings Limited, commented, “This is a timely agreement for both the Tianfu Group and MingZhu. We continue to align with strong partners capable of driving business expansion and revenue growth. Efficient transport of coal has been a mainstay of China’s economic growth as a source of reliable energy for manufacturers, heating and many other uses. Our successful long-track record gives the Tianfu Group confidence in working with MingZhu as we embark on this important strategic relationship. We look forward to building a mutually beneficial transportation business as we unlock value for all of our shareholders.” Established in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings Limited is a 4A-rated professional trucking service provider. Based on the Company’s regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings offers tailored solutions to our clients to deliver their goods through our network density and broad geographic coverage across the country by a combination of self-owned fleets, tractors and trailers and subcontractors’ fleets. For more information, please visit ir.szygmz.com. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details MingZhu Logistics Holdings Limited: company@szygmz.com Company Website https://ir.szygmz.com/

December 22, 2022 08:30 AM Eastern Standard Time

Article thumbnail News Release

MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) Acquires Feipeng for Approximately $15 Million USD

Benzinga

Big news out of China for MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (“MingZhu”). MingZhu announced that it entered into a Share Purchase Agreement (SPA) with Feipeng Global Limited (“Feipeng”). Feipeng is a services provider of slack coal transportation that operates in Xinjiang, China, and is crucial for the “first and last mile” road-railway intermodal system in the region. MingZhu is a 4A-Grade trucking service provider with more than 1500 trucks in 29 regions throughout China. The acquisition will help the company expand into intermodal shipping which will allow for easy road-to-rail transportation. Intermodal transportation systems are often more cost and fuel-efficient, as well as reliable and sustainable. The SPA dictates that MingZhu acquired 100% of Feipeng for approximately $15 million USD. $10 million of that amount will be paid in cash, while Feipeng will receive the remaining amount in shares valued at approximately $5 million. The deal is expected to immediately increase MingZhu’s revenue, gross margin and net income. Feipeng’s location in Xinjiang is strategically important to MingZhu for manufacturing and commerce. MingZhu currently operates in 29 regions in China and this acquisition will be advantageous to the company’s growth. Mr. Jinlong Yang, Chairman and Chief Executive Officer of MingZhu Logistics Holdings Limited, commented, "This is a material transaction for us, which gives us higher confidence in our growth prospects over the coming year. We are excited to have the Feipeng team join the Mingzhu family. There are immediate synergies between our two companies and the financial terms were compelling. Feipeng is known as a market leader in large cargo transportation networks. Our mutual focus on increased sustainability and efficiency for the logistics supply chain are directly aligned as we will now work together to execute Mingzhu's Scale strategy. We were impressed with the Feipeng team and look forward to working more closely together as part of our commitment to continued innovation. Our priority is to create a faster, even more efficient, intermodal transportation system to better serve key commerce centers, like Xinjiang. This will allow us to better facilitate bulk transfer by road to rail, as well as to ship coal by containers to improve the transport capacity." Established in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings Limited is a 4A-rated professional trucking service provider. Based on the Company’s regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings offers tailored solutions to our clients to deliver their goods through our network density and broad geographic coverage across the country by a combination of self-owned fleets, tractors and trailers and subcontractors’ fleets. For more information, please visit ir.szygmz.com. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Global IR Partners David Pasquale +1 914-337-8801 YGMZ@globalirpartners.com MingZhu Logistics Holdings Limited Jingwei Zhang +86 186 5937 1270 company@szygmz.com Company Website https://ir.szygmz.com/

December 21, 2022 04:30 PM Eastern Standard Time

Article thumbnail News Release

Cooper Standard Announces Fully Backstopped Private Offering of New First Lien Notes and Private Exchange Offer and Consent Solicitation for Existing Senior Notes as Part of Refinancing Transactions

Cooper Standard

Cooper-Standard Holdings Inc. (NYSE: CPS) (“CPS”) today announced the commencement by CPS’ wholly-owned subsidiary, Cooper Standard Automotive Inc. (the “Issuer”), of (i) a fully backstopped private offering (the “Concurrent Notes Offering”) of $580.0 million aggregate principal amount of the Issuer’s newly issued 13.50% Cash Pay / PIK Toggle Senior Secured First Lien Notes due 2027 (the “New First Lien Notes”) to holders of the Issuer’s existing 5.625% Senior Notes due 2026 (the “2026 Senior Notes) or their designees, (ii) an offer (the “Exchange Offer”) to the holders of 2026 Senior Notes who participate in the Concurrent Notes Offering to exchange any and all of the Issuer’s $400.0 million aggregate principal amount of 2026 Senior Notes outstanding for the Issuer’s newly issued 5.625% Cash Pay / 10.625% PIK Toggle Senior Secured Third Lien Notes due 2027 (the “New Third Lien Notes”, and together with the New First Lien Notes, the “New Notes”) on a par-for-par basis and (iii) a consent solicitation (the “Consent Solicitation”) whereby the Issuer is soliciting, and holders of 2026 Senior Notes who tender pursuant to the Exchange Offer are required to deliver, consents to amend the indenture under which the 2026 Senior Notes were issued (the “2026 Senior Notes Indenture”) to remove substantially all of the covenants, certain events of default and certain other provisions contained in the 2026 Senior Notes and 2026 Senior Notes Indenture. In order to approve the amendment to the 2026 Notes Indenture, consents must be delivered and not revoked in respect of at least a majority of the outstanding principal amount of the 2026 Senior Notes (the “Requisite Consents”). Certain actual or beneficial holders of 2026 Senior Notes representing approximately 62.7% of the aggregate outstanding principal amount of 2026 Senior Notes (the “Backstop Parties”) have agreed to subscribe for such holders’ pro rata portion of New First Lien Notes in the Concurrent Notes Offering, tender their 2026 Senior Notes in the Exchange Offer and deliver their consents in the Consent Solicitation. In addition, the Backstop Parties have agreed to purchase 100% of the New First Lien Notes not otherwise purchased in the Concurrent Notes Offering pursuant to a backstop agreement (as amended, restated or otherwise modified in accordance with its terms, the “Backstop Agreement”) between the Issuer and the Backstop Parties, dated as of December 19, 2022. An eligible holder of 2026 Senior Notes must subscribe for $1,450 principal amount of New First Lien Notes pursuant to the Concurrent Notes Offering for a cash purchase price equal to 96.00% of the principal amount of New First Lien Notes subscribed for (the “Purchase Price”) in order to participate in the Exchange Offer with respect to each $1,000 principal amount of 2026 Senior Notes. In the Exchange Offer, eligible holders of 2026 Senior Notes will receive $1,000 principal amount of New Third Lien Notes (the “Exchange Consideration”) in exchange for $1,000 principal amount of 2026 Senior Notes properly tendered (and not validly withdrawn) and accepted by the Issuer, plus accrued and unpaid interest, if any, in cash on their exchanged 2026 Senior Notes up to, but not including, the Settlement Date (as defined below). The following table sets forth the Purchase Price and the amount of New First Lien Notes to be issued in the Concurrent Notes Offering and the total Exchange Consideration per $1,000 principal amount of 2026 Senior Notes if validly tendered and accepted for exchange in the Exchange Offer: The Concurrent Notes Offering, the Exchange Offer and the Consent Solicitation will expire one minute past 11:59 PM, New York City time, on January 18, 2023, unless earlier terminated or extended (the “Expiration Date”). Tenders of 2026 Senior Notes may not be withdrawn after one minute past 11:59 PM, New York City time, on January 10, 2022, unless extended (the “Withdrawal Deadline”), except in certain limited circumstances as set forth in the confidential offering memorandum and consent solicitation statement, dated December 19, 2022, issued in connection with the Concurrent Offering, Exchange Offer and Consent Solicitation (the “Offering Memorandum”). The Company plans to issue the New Notes promptly following the Expiration Date (the “Settlement Date”). The Issuer intends to use the proceeds from the Concurrent Notes Offering, together with cash on hand, to prepay the Issuer’s existing senior term loan facility, redeem its existing 13.000% Senior Secured Notes due 2024 and pay fees and expenses related to the Refinancing Transactions (as defined below) including a fee payable to the Backstop Parties as consideration for the Backstop Parties’ backstop commitments. The Issuer will not receive any cash proceeds from the issuance of New Third Lien Notes in the Exchange Offer. The Concurrent Notes Offering, the Exchange Offer and the Consent Solicitation are conditioned upon the satisfaction or waiver of the conditions set forth in the Offering Memorandum. Such conditions include, among other things, the receipt of the Requisite Consents, performance by the Backstop Parties of their obligations under the Backstop Agreement and effectiveness of the ABL Amendment described below. The consummation of the Concurrent Notes Offering is cross-conditioned on the consummation of the Exchange Offer and the Consent Solicitation. The Issuer reserves the right, subject to applicable law, (i) to waive any and all of the conditions of the Concurrent Notes Offering, the Exchange Offer or the Consent Solicitation on or prior to the Expiration Date and (ii) to amend or terminate the Concurrent Notes Offering, the Exchange Offer or the Consent Solicitation. The Issuer is making the Concurrent Notes Offering, the Exchange Offer and the Consent Solicitation only to eligible holders through, and pursuant to, the terms of the Offering Memorandum. None of the Issuer, the trustee of the 2026 Senior Notes, the trustees with respect to the New Notes, the dealer manager with respect to the Exchange Offer and Consent Solicitation, the Exchange and Subscription Agent (as defined below) or any affiliate of any of them, makes any recommendation as to whether (1) eligible holders of 2026 Senior Notes should subscribe to purchase New First Lien Notes or (2) eligible holders of 2026 Senior Notes should exchange 2026 Senior Notes for New Third Lien Notes and deliver consents in the Consent Solicitation, and no one has been authorized by any of them to make such a recommendation. Eligible holders of 2026 Senior Notes should read carefully the Offering Memorandum before making an investment decision to participate in the Concurrent Notes Offering, the Exchange Offer and the Consent Solicitation. In addition, eligible holders of 2026 Senior Notes must make their own decisions as to whether to participate in the Concurrent Notes Offering, tender their 2026 Senior Notes in the Exchange Offer and provide the consent in the related Consent Solicitation. Certain subsidiaries of CPS, including the Issuer, CS Intermediate Holdco 1 LLC (“Holdings”), Cooper-Standard Automotive Canada Limited and Cooper-Standard Automotive International Holdings B.V. entered into Amendment No. 3 to Third Amended and Restated Loan Agreement (the “Amended Credit Agreement”) with certain lenders, Bank of America, N.A., as agent, and other parties thereto (the “ABL Amendment” and, together with the Concurrent Notes Offering, the Exchange Offer, the Consent Solicitation, the entry into the Backstop Agreement and the application of proceeds of the Concurrent Notes Offering as set forth in the Offering Memorandum, the “Refinancing Transactions”), which Amended Credit Agreement will, upon its effectiveness on the Settlement Date, among other things, permit the consummation of the Refinancing Transactions. The Refinancing Transactions may not be consummated on the terms described in this press release or at all. The complete terms and conditions of the Refinancing Transactions are set forth in the Offering Memorandum. Only eligible holders may receive a copy of the Offering Memorandum and participate in the Concurrent Notes Offering, the Exchange Offer and the Consent Solicitation. The Exchange and Subscription Agent is Kroll Restructuring Administration LLC d/b/a Kroll Issuer Services (US) (“Kroll” or the “Exchange and Subscription Agent”). Questions concerning the Refinancing Transactions or requests for additional copies of the Offering Memorandum or other related documents may be directed to Kroll at CooperStandard@is.kroll.com. Eligible holders of 2026 Senior Notes who desire to obtain and complete a subscription form should also contact the Exchange and Subscription Agent at the email address above. Eligible holders of 2026 Senior Notes should also consult their broker, dealer, commercial bank, trust company or other institution for assistance concerning the Concurrent Notes Offering, the Exchange Offer and the Consent Solicitation. This communication is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security and does not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Concurrent Notes Offering and the Exchange Offer are being made, and the New Notes are being offered and issued, pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), only to (a) in the United States to holders of 2026 Senior Notes who are “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) and (b) outside the United States to holders of 2026 Senior Notes who are persons other than U.S. persons. The holders of 2026 Senior Notes who have certified to us that they are eligible to participate in the Concurrent Notes Offering and the Exchange Offer are referred to as “eligible holders.” 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: Impacts, including our ability to complete the Refinancing Transactions; commodity cost increases and disruptions related to the war in Ukraine and the current 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 refinance our indebtedness and 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 periodic reports filed by CPS 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 references to estimates and other information that are 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. # # # 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/

December 19, 2022 06:48 PM Eastern Standard Time

Article thumbnail News Release

How Computerized Cars Have Changed Auto Repair in Today’s World

AutoTech IQ

In the not-so-distant past, all auto technicians needed was a good understanding of a car’s engine. They would listen to and feel the car’s engine, and most often, they could diagnose and fix a problem. But today’s cars are more complex, and the average technician has to rely on diagnostic and test equipment to understand what’s going on under the hood. Today’s cars have hundreds or even thousands of computer chips that are all controlled by software. Cars have evolved so much that some people believe that in the near future, an increasing number of cars will be powered by self-driving software. Trends Computerized Cars Are Setting Remember when automatic car windows replaced the roll-up model? Auto technicians all over the world had to switch from a mindset of fixing a busted manual knob to fixing one that is not only driven by a motor but also controlled by a computer. As cars become more computerized, auto repair shops have to stay current on more technology. High-Tech Features Mean Specialists Are Needed for Repairs In today’s auto repair world, technicians have to use complex diagnose and test equipment instead of focusing on just replacing fluids and car parts. That’s because cars aren’t so much mechanical machines anymore. Instead, they are often thought of as computers on wheels. Gone are the days when people could work on their own cars. Today, specialized software is needed to find the glitch in the car’s system before it can be repaired. Complicated Network Systems Are More Interconnected Than Ever Before The cars of yesterday had individual, mechanical working parts that, together, made them run. But today’s cars are interconnected in ways that old-school technicians could never imagine. Vehicles today utilize advanced driver-assistance systems (ADAS) and their computers are extremely complex, yet they all communicate seamlessly with each other. For instance, Tesla’s onboard AI chip is smarter than the US Air Force’s F-35 fight jet and is packed with 150 million times more computer power. Because of the technological advances in vehicles, it’s extremely important for technicians to have a thorough understanding of how to properly calibrate the systems so drivers remain safe on the road. Costs Are Rising Because of the Complexity of High-Tech Vehicles Because of the complexity of computerized cars, the number of visits to auto repair shops has radically decreased but the cost per visit is going up and changing the way auto shops do business. For instance, car owners sporting European models can’t just go to any repair shop, they need technicians who specialize in their make and model of vehicle. This makes car repairs on a budget a thing of the past. The increased need for specialized equipment and technicians has driven up the cost of running a shop, and as cars continue to become more computerized, that isn’t likely to change. Auto shops also have to have specialized equipment to help diagnose issues. If these shops don’t specialize in one vehicle make and if they don’t have the equipment, they will hire diagnosticians who will help diagnose the issues. This also drives up the cost of doing business. Why Digital Inspections Are Essential for Computerized Car Owners Because cars are so complex and rely on computers, service intervals have increased dramatically. The frequency of shop visits is going down which requires tracking the vital sign of your vehicle regularly. What you know from your doctor’s visit is also true for your vehicle. Digital inspections are the tool to track the car’s vital signs. They allow technicians to check the car's computer system and overall health and pinpoint the source of a potential problem. When a service advisor emails a customer a digital report that outlines the problem and details the optimal fix, it instills a sense of trust in consumers because of images and videos educating the customer plus recommendations giving the customers options. Gone are the days when consumers are pressured into making a decision on the phone without understanding the true nature of the problem. Digital inspections eliminate the risk of paying for an unnecessary repair. Instead, these inspections pinpoint the problem and educate the customer about options on how to fix it. How To Find an Auto Repair Shop You Can Trust Are you ready to have more of a partnership with your auto repair shop rather than having to trust a phone call without any real evidence? If so, AutoTechIQ can help. AutoTechIQ connects you with an auto repair shop in your area that focuses on your education about the best options based on Digital Vehicle Health Inspection results. This allows you to work with shops to find the best (and most long-term economical) solution when your car needs repair. It also ensures that your shop is held accountable and does not suggest repairs that are not needed. To find an auto repair shop that makes use of this technology, use the Shops Near You function on AutoTechIQ’s website and schedule an appointment with an auto shop that wants to earn your trust. This post contains sponsored advertising content. This content is for informational purposes only. Contact Details AutoTech IQ +1 866-678-8505 support@AutoTechIQ.com Company Website https://www.autotechiq.com/

December 19, 2022 03:54 PM Eastern Standard Time

Article thumbnail News Release

Have You Noticed How Your Auto Repair Shop Has Changed?

AutoTech IQ

Just a few decades ago, the vast majority of cars had mechanically controlled engines and transmissions, anti-lock braking systems (ABS) were a brand-new thing, and everything was gas or, to a much lesser degree, diesel-powered. The best fuel efficiency for an affordable car was 18 miles per gallon (mpg), and the best-selling cars were Honda Accord, Ford Taurus and Chevrolet Cavalier. Once a vehicle was out of warranty, most car owners would take it to an independent auto repair shop. The leading factors for choosing a shop were the distance to the client's home or work, customer service quality and service price compared with a dealership. Since then, much has changed, but some has not. Today, car owners still take their vehicles to independent auto repair shops for the same reasons. But the technology built into cars has changed dramatically. Much of the operations are computerized, creating a fuel efficiency of 35 mpg and higher for cars that are not hybrid or electric. That technology shift created new challenges and opportunities for independent auto repair shops, changing many aspects of their business. Challenges and Opportunities for Independent Auto Repair Shops Because of the complexity of computerized cars, tools in auto repair shops now include diagnostic devices with ever-increasing depth giving technicians the ability to pinpoint the cause of a problem. And just like your home computer prompts you to update its software applications, modern cars’ software can be updated. Because dozens of complex computers in a car interact with each other, they require trained staff and authorized programming tools. Some dealerships imply that only factory-trained techs lay hands on the complex cars they service, but independent auto repair shops with a built-in training program aren’t lagging behind them. The digital transformation is in full swing for car technology and auto shop service advisers are improving communications with on-the-go car owners. That communication isn't restricted to appointment scheduling by text or email. Advisers can educate their customers without having them on the phone or at the counter. The perfect example is sending a state-of-health report to car owners illustrating, with edited images and videos, what work needs to happen now and what can wait. Why is Digital Transformation a Game Changer? The ease of use has made digital tools such as smartphones, desktop computers and tablets the dominant way to communicate. The ability to send information without interrupting the recipient at home or work takes the stress out of many interactions that could otherwise lead to a loss of focus, productivity and control. The ability to digest information on the recipients' schedule gives them control and creates a sense of empowerment to make confident decisions based on the options at hand. For example, the customer can ask questions digitally and get second opinions before approving work. Before contacting the shop, AutoTechIQ.com offers vehicle owners the opportunity to familiarize themselves with the symptoms the car is exhibiting. Articles like “ My Car Smells Like Burning Rubber ” offer a simple three-step path to: Confirm the symptom Add info for the shop with a simple click Request an appointment at an AutoTechIQ-certified shop You don't need a ride after dropping off your vehicle at the auto shop in the morning. Instead, an assigned employee picks it up and drops it off at your home or work after it’s repaired. You can schedule everything through text messages or with a digital app on your phone that will provide status notifications about the repair progress throughout the day. Instead of interruptions at work, you receive a link to your vehicle's state-of-health report. Then, you can study it on your timeline and ask questions before approving the proposed work — all through texts or chat messages. Increased Level of Professionalism Have you noticed that many shops don’t fly by the seat of their pants anymore? Today’s successful auto repair shops are professional businesses focusing on you — the customer — for the lifetime of your vehicle and beyond. Car repair and maintenance businesses have transitioned to professionally run establishments focused on the education and longevity of their customers’ vehicles instead of the transactional business model of repairing the issue at hand. Seasoned shop owners realize that they can replicate their customer service in other locations and establish a multilocation business providing consistent, high-quality service across the same area. Companies like Transformer Institute help shop owners — especially multilocation owners — seize the opportunity of providing higher-quality service to car owners, exceeding what wrenching technicians typically offer. This post contains sponsored advertising content. This content is for informational purposes only. Contact Details AutoTech IQ +1 866-678-8505 support@AutoTechIQ.com Company Website https://www.autotechiq.com/

December 19, 2022 03:29 PM Eastern Standard Time

Article thumbnail News Release

Multipolar Development Corporation Early Modeling Success Paving Way for New Direct Current Electric Machine Prototype

Multipolar Development Corporation

Multipolar Development Corporation (MDC) an electrical engineering company announced a key design milestone in the development of its novel Multi-Polar Technology™ electric vehicle (EV) propulsion enhancement system. Models are proving that MDC’s patented technology will improve efficiencies in overall performance and range of operation, particularly in large consumer vehicle trucks and commercial transport vehicles. MDC engineers and partners are completing a finite element method (FEM) model for a 10 kW 2 kV prototype direct current (DC) electric machine that demonstrates the ability to operate at higher DC voltages and without the need for a commutator. “Multi-Polar represents one of the single greatest incremental improvements in motor technology I have seen in more than 25 years,” stated engineering expert and MDC team member Arie Hirshbein, “I am thrilled and excited to be part of the development team at this early stage.” “The machine analyzed could be operated like a one-phase brushless machine, providing an advantage in control that could provide flexibility at different operating points of the motor. Without a need for rare earth permanent magnets, Multipolar technology provides a huge advantage in the performance of the motor and avoids supply chain and environmental issues associated with permanent magnets currently utilized,” Hirshbein continued. “Since the failure and maintenance of commutators have made higher power of DC electric machines impractical, the success of our model bodes well for its future in an industrial setting,” stated Multipolar inventor Shaun McCutcheon. “The Multi-Polar design is expected to allow high motor torque performance, including a high starting torque, making it suitable for heavy industrial applications and large electric vehicles (EV’s).” “The modeling is paving the way for us to demonstrate and prove the gains in overall system efficiency that our technology achieves through a physical prototype. We are designing a prototype based on the current computer models and showcasing the significant practical use of the technology,” McCutcheon continued. MDC technology modeling employs an advanced software and firmware-based control system that adjusts the polarity and the magnetic field strength of each electromagnetic pole within an electric motor or generator to achieve the desired operation. The control system relies on sensor data about the position and speed of the rotor to optimize pole parameters in real-time to enhance performance. The FEM model simulates 42 and 78 poles within a rotating machine and provides a numerical solution for the electromagnetic fields and relevant voltages. Recent simulations achieved rectification of generator output exceeding 2000 V DC at speed with no brushes or commutator in the model, resulting in a significant proof of concept for the design. Multi-Polar motors will require fewer external drive components as the speed and torque are managed directly by the advanced control system. Unlike standard DC brushless machines, they will require only two power connections. The wide range of operational speeds at full power – owing to the ability to change the number of poles virtually – will allow MDC’s machines to be repurposed through software and firmware changes rather than being replaced or redesigned. The advanced control system will also be able to compensate for efficiency losses due to mechanical imperfections or damage. “Multipolar moves us into a truly digital machine age – an advanced machine without many of the inherent inefficiencies and limitations of classic electromagnetic energy conversion,” McCutcheon explained. “The modeling proves our technology has the potential to shock the EV industry and advance it to a new level of efficiency and performance.” Multipolar Development Corporation is an Austin, TX-based S-Corp comprised of energy, electric, and automotive engineering experts. ### Please visit: https://www.multipolarmachine.com/ For more information or to schedule an interview with Shaun McCutcheon, please contact Dan Rene of kglobal, at daniel.rene@kglobal.com or 202-329-8357 Contact Details kglobal Dan Rene +1 202-329-8357 daniel.rene@kglobal.com Company Website https://www.multipolarmachine.com/

December 19, 2022 10:30 AM Eastern Standard Time

Article thumbnail News Release

Travel Technology Association Files Comments with U.S. Department of Transportation on Airline Ticket Refunds and Consumer Protections

Travel Tech

The Travel Technology Association (Travel Tech), the voice of the travel technology industry and a consistent advocate for public policy that supports a competitive and transparent marketplace, filed comments today in response to the Department of Transportation’s (DOT) Notice of Proposed Rulemaking (NPRM) on “Airline Ticket Refunds and Consumer Protections,” – Docket No. DOT-OST-2022-0089. "On behalf of consumers and our member companies that serve them, the Travel Technology Association is proud to stand with the U.S. Department of Transportation in assuring once and for all that airline travelers are made whole when their flights are canceled,” said Travel Tech President and CEO Laura Chadwick. “You get what you pay for, and when you don't, you should get your money back." "We welcome the Department's decision to define what constitutes a ‘canceled flight’ and ‘significant change to flight itinerary.’ These definitions will bring much-needed uniformity and clarity to what have been fraught and stressful experiences for travelers facing weather or airline staffing issues," Chadwick continued. "Great customer service, whether before, during, or after a trip, is key to the value Travel Tech members offer. These definitions will help online travel agents better support their customers navigating frustrating flight cancellations and the labyrinth of airline customer service systems." The Travel Technology Association’s full comments may be viewed at: https://www.traveltech.org/wp-content/uploads/2022/12/Comments-of-The-Travel-Technology-Association.pdf In its comments, the Travel Technology Association explains that ticket agents are already bound to issue refunds “promptly” after airlines provide the authorization and funds to do so. In its draft rule, the Department proposes that customers receive refunds within seven days. However, it takes up to eleven days to secure refunds from airlines' payment and refund systems. "To require refunds before the funds are returned by the airline – as the proposed rule currently demands – would impose an undue financial burden and risk on ticket agents. We encourage the Department to revise this part of its proposal to reflect that airlines’ payment and refund systems are beyond the control of ticket agents.” ### About Travel Tech The Travel Technology Association (Travel Tech) is the voice of the travel technology industry, advocating for public policy that promotes transparency and competition in the marketplace to encourage innovation and preserve consumer choice. Travel Tech represents the leading innovators in travel technology, including global distribution systems, online travel agencies and metasearch companies, travel management companies, and short-term rental platforms. To schedule an interview with a Travel Tech spokesperson, contact Dan Rene of kglobal at 202-329-8357 or daniel.rene@kglobal.com. Contact Details kglobal Dan Rene +1 202-329-8357 daniel.rene@kglobal.com Company Website https://www.traveltech.org.

December 19, 2022 10:15 AM Eastern Standard Time

1 ... 5455565758 ... 122