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COMING TO AMERICA: THE VOLVO P1800 CYAN

Cyan Racing

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

May 25, 2022 05:55 AM Pacific Daylight Time

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

Foresight Autonomous Holdings Ltd.

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

May 25, 2022 08:10 AM Eastern Daylight Time

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

Volatus Aerospace Corp.

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

May 25, 2022 07:50 AM Eastern Daylight Time

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

Volatus Aerospace Corp.

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

May 24, 2022 07:45 AM Eastern Daylight Time

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

YourUpdateTV

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

May 23, 2022 12:30 PM Eastern Daylight Time

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Mirriad Deepens Partnership With Lexus Bringing In-Content Advertising to Biggie’s Celebrity-Filled 50th Birthday Party Livestream

Mirriad

Mirriad, the leading in-content advertising company powered by Academy Award Winning AI technology, today announced its partnership with Lexus surrounding the 2nd Annual B.I.G. Dinner Gala in honor of Biggies’ 50th birthday celebration on Friday, May 20. Hosted by Lil’ Kim, the black-tie gala and concert will bring together some of the biggest names in Hip Hop to honor the beloved rapper with a pre-filmed celebrity procession of Lexus LX SUVs across Manhattan and Brooklyn. Additionally, by leveraging Mirriad’s post-production technology, virtual billboards featuring Lexus branding will be placed in the procession video. In near real time, Mirriad will identify key moments along the route where the brand will have a minimum of 5 seconds of audience exposure during the airing prior to the live streamed event. The procession video, live event capture and live stream will be managed and filmed by Culture Creative, the black-owned Emmy Award Winning agency established to connect brands with emerging cultural marketing places through new and innovative ways of authentic storytelling. The team will be leveraging state of the art and cutting edge camera systems for an enticing viewer experience. Fans can tune into the live stream at 10:30pm EST on Biggies’ ( @notoriousbig ) and Lil’ Kim’s ( @lilkimthequeenbee ) official Instagram pages. After the event, the video footage will live infinitely on YouTube. “Our partnership with Lexus has enabled both teams to explore and activate in-content advertising strategies in ways we wouldn’t have considered five years ago, and develop a campaign that combines traditional activation elements with Mirriad’s AI technology, creating an elevated experience for brands, event attendees, as well as fans watching from home,” said Maria Teresa Hernandez, VP of Sales and Brand Partnerships at Mirriad. “To reach a global audience through a highly anticipated and mainstream event opens the doors for Lexus to take their advertising strategy to the next level and reach new, key audiences with substantial exposure.” The star-studded event will host over 200 industry titans and family members of the late rapper and will culminate at a dinner gala and live concert hosted by Lil’ Kim, Lil’ Cease, Junior M.A.F.I.A., CJ Wallace, T’yanna Wallace, among many others. The live streamed concert will feature covers of Biggie’s hit songs from artists including: Fabolous, Fat Joe, Lil' Cease Junior M.A.F.I.A, CJ Wallace, Dave East, Jada Kiss, Faith Evans, 112, Bone Thugs, French Montana, Beanie Siegel, Freeway, Busta, The Lox, Havoc and more. To learn more about Mirriad and the advertising opportunities offered visit www.mirriad.com. About Mirriad Mirriad's award-winning solution unleashes new revenue for content producers and distributors by creating new advertising inventory in content. Our patented, AI and computer vision technology dynamically inserts products and innovative signage formats after content is produced. Mirriad's market-first solution seamlessly integrates with existing subscription and advertising models, and dramatically improves the viewer experience by limiting commercial interruptions. Mirriad currently operates in the US, Europe and China. Contact Details Kite Hill PR for Mirriad +1 308-440-9067 mirriad@kitehillpr.com Company Website https://www.mirriad.com/

May 19, 2022 02:45 PM Eastern Daylight Time

Green Cubes Technology Expands Executive Team

Green Cubes Technology

Green Cubes Technology, a leader in electrification and clean, connected, cost-effective power solutions, today announced four significant executive appointments to its leadership team - Ken Gregory as Vice President of Supply Chain and Procurement, Alan Forster as Vice President of Sales for Americas, Rita Faunce as Vice President of Sales Operations and Customer Experience, and Rocio Castellanos as International Controller. These executives join Ken Johnson, who was appointed Chief Operating Officer (COO) last year. The team will provide leadership to sales, supply chain, operations, manufacturing, and customer support functions for continued growth within Motive (including Ground Support & Materials Handling), Stationary (Telecom & Data Center), and Mobile (Industrial Automation) Power market segments. “We’re very pleased to add so many talented professionals to Green Cubes’ executive team,” said Keith Washington, CEO of Green Cubes Technology. “This reflects the rapid growth of the company, and the leadership that each of these individuals bring to the company will help us continue to lead the charge to electrification.” Mr. Gregory has a history of success with enterprise operations and transformation, customer experience, supply chain and channel/alliance sales across enterprise and consumer Information Technology, Education and Learning organizations. He has driven sustainable cultural and digital transformations in highly matrixed organizations resulting in increased revenue, enhanced customer confidence, organizational capability, and employee engagement. He brings over 25 years of core supply chain experience gained at IBM supporting its enterprise computer hardware segments. Mr. Gregory’s most recent experiences were at Pearson, a global leader in learning and education where he oversaw customer service and digital operations transformation. Mr. Forster is responsible for managing and accelerating Green Cubes’ pipeline and revenue growth while developing its channel and sales enablement programs. In his recent role as Sales Director for the company’s Telecom and Data Center business unit (operating as Unipower), he helped rebuild sales and channel relationships, managed consistent quarterly growth, and increased sales channel coverage during the global pandemic. By working diligently with the Unipower team, he doubled bookings and revenue during a global supply chain and transportation slow down. Ms. Faunce directs Green Cubes’ sales operations teams globally, drives its customer experience strategy, and will facilitate ownership of customer experience excellence. She has vast experience managing global teams in sales operations, customer service, and customer satisfaction with success in delivering customer facing programs that foster a spirit of transparency, continuous improvement, and mutual accountability in customer relationships. Ms. Faunce will implement continuous improvement plans, leverage customer insights and data, and work across multiple departments to ensure team members and leadership are aware of and dedicated to the goals of continuously improving the customer experience. Ms. Castellanos joins Green Cubes as a key member of the global finance and accounting team. She is responsible for the internal and external financial reporting of all Green Cubes affiliated entities outside the U.S. In her role, she will support the entities in financial reporting topics and bridge the information to the U.S. headquarters. She will focus on continuous improvement of processes and deliverables to enhance financial performance visibility across the entities, as well as act as a strategic business advisor for International Operations. Ms. Castellanos brings over 20 years of experience and has worked for various companies including PwC, Swiss Life and Daniel Swarovski Corp. The expansion of Green Cubes’ executive team follows the company’s announcement last year that it added a second 36,000 square foot domestic facility in Kokomo, Indiana, and expanded its product lines for Motive and Stationary Power to support accelerated growth in Material Handling and Telecom markets. The Kokomo facility is currently increasing its manufacturing throughput and is expecting a 150% increase in Motive Power shipments in 2022, relative to 2021. Additionally, Green Cubes previously announced that it established two new facilities in Europe and a Technology Center in Zurich, Switzerland. About Green Cubes Technology Green Cubes Technology develops and manufactures safe and reliable electrification solutions that enable its OEM and enterprise customers to transition from Lead Acid and Internal Combustion Engine (ICE) power to Lithium-ion battery power. Green Cubes utilizes proven hardware and software platforms to build the most reliable Lithium power solutions in its industries. With a global footprint across six countries, Green Cubes has been producing innovative, high-performance and high-quality power solutions since 1986. More information at https://greencubes.com/. Contact Details Ray Young +1 512-633-6855 ray@razorsharppr.com Company Website https://greencubestech.com/

May 19, 2022 09:00 AM Eastern Daylight Time

Retention Cloud Leader CleverTap Acquires Leanplum

CleverTap

CleverTap, the world’s No.1 retention cloud, today announced it has signed definitive agreements to fully acquire San Francisco based Leanplum, a leading multi-channel customer engagement platform, for an undisclosed amount. This acquisition will make CleverTap a truly global company with development centers and customer-facing and success teams across North America, Europe, Latin America, India, South East Asia and the Middle East. Combining the product stack of the two organizations, this acquisition will enhance CleverTap’s capabilities and take its total customer base to over 1200 customers in more than 100 countries around the world. The deal is expected to close in Q2 of 2022. Together CleverTap and Leanplum will work with digital brands to help increase their users’ engagement, retention and lifetime value by making every user experience hyper-personalized, relevant and contextual at scale in real time. As more businesses become digital-first, brands need to serve their users with delightful moments where they are, when they want and on their preferred channel. CleverTap and Leanplum will now bring real-time hyper-personalization, A/B testing and increased scalability to its omnichannel engagement, analytics and segmentation product lines. As a result, growth and marketing teams globally will now be able to utilize the only end-to-end user engagement and retention cloud platform, enabling them to break down user communication silos and increase the overall lifetime value of each user. “We are seeing a seismic shift in the marketing technology landscape,” says Sunil Thomas, CleverTap Co-founder and Executive Chairman. “Users today demand to be treated as individuals, and this has forced brands to change how they engage with them. CleverTap and Leanplum have both purposely built for a mobile-centric omnichannel world.” The acquisition, he says, combines platforms and teams to deliver the best behavior analytics, segmentation, and engagement tools that will enable digital brands to build valuable, long-term relationships with their users. “Our combined strength will be a game-changing force for user engagement, retention and monetization, creating tremendous value for our customers. I am very excited to welcome Leanplum to the CleverTap family.” “When we started Leanplum, our vision was to meet customers' real-time needs at the cutting edge of technology,” says Momchil Kyurkchiev, Co-founder and Chief Product Officer, Leanplum. “We have succeeded in that, but as the market has matured, to fully meet the increasing demands put on brands today, we needed to bring in the best analytics, segmentation, and engagement tools, to help our customers build valuable, long-term relationships with their customers. This is why joining forces with CleverTap makes the most sense, and I am excited about the combined capabilities we will now bring to Leanplum customers worldwide.” “I am looking forward to the journey with Leanplum. This coming together with Leanplum marks a monumental moment across the marketing technology landscape,” says Sidharth Malik, CleverTap Chief Executive Officer. “This bridges the gap created by multiple martech tools and customer data platforms and will meet the growing needs of user-obsessed digital brands in a much more efficient way. Our ‘better together’ vision is about integrating our cumulative strengths around people, process and technology to cement our position as the global leader in the user engagement and retention space. Joining forces allows us to bring advanced product and technology capabilities as brands strive to do live segmentation, anticipate user intentions and actions, automate and deploy real-time campaigns for the highest possible conversions, all from one single dashboard.” About CleverTap CleverTap is the modern, integrated retention cloud that empowers digital consumer brands to increase customer retention and lifetime value. For brands that understand and value user retention, CleverTap drives context and individualization with the help of a unified and deep data layer, AI/ML powered insights and automation. Customers around the world representing over 10,000 apps, including Vodafone Idea, SonyLIV, Daimler, Gojek, Carousell, and Premier League, trust CleverTap to achieve their retention and engagement goals, growing their long term revenue. Backed by leading venture capital firms including Sequoia India, Tiger Global Management, and Accel, the company is headquartered in Mountain View, California, with offices in Mumbai, Singapore, and Dubai. For more information, visit clevertap.com or follow on LinkedIn, Twitter, Facebook and YouTube. Forward-Looking Statements Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could amount in the actual result being absolutely different from the results anticipated by the statements mentioned in the press release. Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages. Contact Details Sony Shetty sony@clevertap.com Company Website https://clevertap.com/

May 19, 2022 08:17 AM Eastern Daylight Time

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Adgile Media Group Raises $5 Million Seed Round as Leading Tech-Enabled OOH Advertising Network

Adgile

Adgile Media Group ( adgile.co/ ), the leading tech-enabled, out-of-home advertising company, today announced its seed round funding of $5 million from some of the consumer brand category’s most influential players. Led by Brand Foundry Ventures, additional participants included prominent brand investor, Amity Supply; investment fund, Finn Capital Partners; venture capital firm, Consumer Ventures; D2C and growth expert, Nik Sharma; investor and entrepreneur, Hannah Bronfman; founder of D2C brand Everlane, Michael Preysman; venture capital firm, Niche Capital; Co-Founder at KBP Brands, Barry Dubin and Rothy’s executive, Chris Hull. Adgile is reinventing out-of-home advertising by solving for physical-world attribution and converting last-mile delivery trucks into highly effective, metric-centric mobile billboards for brands nationwide. With just shy of 100,000 units of inventory under management across the nation’s top 50 markets, Adgile and its ecosystem of partners have achieved quick success capturing market share in an industry that is red-hot in the wake of iOS14.5’s impact on the advertising community. “The long-neglected OOH channel is finally being thrust into the digital age with Adgile,” said Max Flannery, co-founder and president of Adgile. “By reinventing the classic out-of-home approach, we’re providing brands with an advertising format that greatly exceeds the ROI of the traditional players in the industry.” The funding will fuel momentum and growth at Adgile, founded in 2018 by Tom Shea and Max Flannery at the University of Chicago’s New Venture Challenge, as the company aims to bring precise, powerful data & attribution to the world of out-of-home advertising. Adgile will use the funding to increase the depth of the company’s geographic presence, broaden branding, advance the development of proprietary technology, and recruit qualified new hires across sales, data science & engineering functions. “For the past two decades, brands chased – and then competed away – the ROI that existed in digital advertising,” said Tom Shea, co-founder and COO of Adgile. “Now we can track the effectiveness of OOH with statistical rigor. Our customers have been thrilled with the substantial reduction in customer acquisition cost that has resulted from their Adgile campaigns. To performance marketers, it’s clear that OOH needs to be a part of any modern-day performance marketing conversation.” Adgile’s leadership team includes senior executives with deep roots in advertising, tech, OOH, trucking, finance and marketing, including Adgile’s CMO, Marc S. Strachan, former CCO at Publicis-Sapient and Adgile’s CEO, Mitchell Gordon, former global head of Transportation Investment Banking at Salomon Smith Barney and CEO of Edition Logistics Management. “Adgile has the right team in place to build the future of out-of-home advertising,” said Brian Spaly from Brand Foundry Ventures, who has joined the Board. “Adgile is taking the lead in combining the digital and physical worlds of advertising and we’re proud to partner with them.” # # # Media Contact Isabella Roy Kite Hill PR isabella@kitehillpr.com About Adgile Media Group Founded in 2018, Adgile Media Group is the nation's leading tech-enabled, data-driven out-of-home media company. The company's fleet of trucks provides brands with a very effective and efficient platform to drive their marketing communications efforts forward. Adgile brings the components that made digital advertising so popular to the world of out-of-home. Adgile wraps last-mile delivery trucks on behalf of brands to help them reach their ideal customers and measure the return on investment using geo-location technology. To learn more about Adgile, visit http://www.adgile.co. Contact Details Kite Hill PR Isabella Roy isabella@kitehillpr.com Company Website http://www.adgile.co

May 19, 2022 07:00 AM Eastern Daylight Time