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

ToolsGroup

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

February 28, 2023 10:30 AM Eastern Standard Time

Foresight: Eye-Net Receives First Order for Eye-Zone™ System from Leading Japanese Vehicle Manufacturer

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net” or “Eye-Net Mobile”), has received its first order for an Eye-Zone automotive system from a leading global Japanese vehicle manufacturer. The parties will begin a paid proof of concept (POC) project to evaluate the added value and capabilities of Eye-Zone as a software vehicle-to-everything (V2X) communication layer, allowing for unprecedented, seamless communication between vehicles and all road users (including vulnerable road users). The POC will include the integration of Eye-Zone within the automaker’s advanced driver assistance system (ADAS) as an enhancement layer for the vehicle’s safety capabilities. The POC will be conducted in collaboration with a leading Japanese technology and communication company that will provide the communication infrastructure and advanced communication modules. Upon successful completion of the POC project, the parties will consider expanding the scope of the project to a commercial agreement. Furthermore, the leading Japanese technology company will consider distributing Eye-Net products in Japan by integrating Eye-Net’s solutions into local mass-user applications. Eye-Zone is Eye-Net’s Linux-based solution, offering Eye-Net’s unique V2X technology for the automotive industry (OEMs, Tier One and Tier Two suppliers). Eye-Zone is a V2X collision detection and accident prevention solution that sends alerts and indications to the driver. Eye-Zone uses a unique virtual sensor RUDAR™ (Road Users Detection and Ranging) that provides a point cloud of the real time location, movement characteristics and probability of collision with each of the road users around the vehicle. Eye-Zone can be easily integrated into various automotive systems such as ADAS, navigation systems and infotainment systems. For more information about Eye-Net Mobile, please visit www.eyenet-mobile.com, or follow the Company’s LinkedIn page, Eye-Net Mobile; Twitter, @EyeNetMobile1; and Instagram channel, Eyenetmobile1, the contents of which are not incorporated into this press release. 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 potential benefits of its products, the possibility of expanding the scope of the project to a commercial agreement and the potential for the leading Japanese technology company to distribute Eye-Net’s products in Japan. 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/

February 28, 2023 08:20 AM Eastern Standard Time

CleverTap’s Fintech Benchmark Report: Only 1 in 5 users that install fintech apps sign up within week one

CleverTap

CleverTap, the modern integrated retention cloud, released its Industry Benchmark Report for Fintech Apps 2022. As fintech apps continue to grow more popular, the number of players vying for market share has increased. This has subsequently reduced customer retention and “stickiness” for any one brand. Therefore, today more than ever, it is crucial that fintech companies find ways to drive customer “stickiness” by engaging users in effective ways that eventually drive transactions and fuel growth. The report reflects data collected from Asia-Pacific, Europe, India, Latin America, Middle-East, and North America. The report gives marketers a truly holistic view of key metrics within the fintech app landscape.It also spans a wide variety of fintech apps, including, but not limited to, mobile payment apps, cryptocurrency, and block chain services, along with banking and insurance among others. These insights will not only serve as a helpful starting point for developing successful engagement strategies, but also assist in understanding how an app fares in comparison to global averages. Some of the key metrics in the report include: Install to sign-up rate: Only 1 in 5 users that install fintech apps (21%) end up signing up within the first week. Average time to sign-up: 70% of the users that sign-up, do so within 75 seconds of launching the app for the first time. Sign-up to conversion rate: 95% of newly signed-up users make at least one financial transaction in the first month. Average time to convert: 76% of newly signed-up users move from onboarding to deeper-in-the-funnel engagement within an average of 7 days. Session frequency: On average, fintech app users launch their app around 11 times a month. Average repeat transaction rate for new users: 15% of newly signed-up users complete more than one transaction in the first week. Average click-through rate for push notifications: On average, 9% of Android users and 6% of iOS users will click on and interact with push notifications. Average click-through rate for in-app notifications: The click-through rate for in-app notifications is 24%, that’s about 3 times more than that of push notifications. Average email open rate: 34% users open emails sent by fintech companies Average Stickiness Quotient: Fintech apps enjoy a stickiness quotient of 22%, that indicates nearly one-quarter of MAUs consistently return to their fintech apps “The fintech industry has seen exponential growth in the last few years. Given the relentless competition within the space, fintech platforms need to step up their Omnichannel engagement efforts to better retain customers,” said Jacob Joseph, VP-Data Science, CleverTap. “The benchmark metrics laid out in our report provide a great starting point for growth marketers looking to develop effective marketing strategies. They will be able to compare numbers against global averages and pinpoint which aspects they are excelling at and which areas could use some attention or innovation.” 95% of new fintech users complete a monetary transaction in the first month. This shows that while users see value in fintech apps, it’s important to adopt customized user engagement strategies to boost retention on the platform. Today there is a real need for fintech brands to bake-in effective marketing strategies within their apps. Users will remain responsive as long as the experience is engaging and seamless. The benchmark report helps fintech apps understand how to build successful mobile communication campaigns, and also allows growth marketers to discover areas that require greater focus. The report can be downloaded here. About CleverTap CleverTap is the World's #1 Retention Cloud that helps app-first brands personalize and optimize all consumer touch points to improve user engagement, retention, and lifetime value. It's the only solution built to address the needs of retention and growth teams, with audience analytics, deep-segmentation, multi-channel engagement, product recommendations, and automation in one unified product. The platform is powered by TesseractDB™ - the world’s first purpose-built database for customer engagement, offering both speed and economies of scale. CleverTap is trusted by 2000 customers, including Gojek, Electronic Arts, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa Johns, and Tesco. Backed by leading investors such as Sequoia India, Tiger Global, Accel, and CDPQ the company is headquartered in Mountain View, California, with presence in San Francisco, New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Singapore, and Jakarta. For more information, visit clevertap.com or follow on LinkedIn and Twitter. 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 result in the actual outcome 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. Contact Details Sony Shetty sony@clevertap.com Company Website https://clevertap.com/

February 27, 2023 02:51 PM Eastern Standard Time

HomeRoots Partners with Kuehne+Nagel to streamline Transportation and Fulfilment Options for Customers

Homeroots

FEB 27, 2022 – HomeRoots, a B2B e-commerce furniture and home decor platform, announced today that it has formed a partnership with Kuehne+Nagel, one of the world’s largest freight forwarding company. This partnership will allow HomeRoots’ customers to purchase competitive container and air freight services that include a comprehensive one-stop solution to quoting, booking, and tracking freight services. This partnership will help facilitate HomeRoots need for speed in getting goods to market, but also helps HomeRoots offer low carbon shipment options for a more sustainable future. “Our customers, especially mid-size independent hoteliers expect more efficient ways to purchase Furniture, Fixtures and Equipment. They want a B2B online experience that is just like shopping for their own homes. Collaborating with HomeRoots allows Kuehne+Nagel to take a boutique logistics service offering to next level, while increasing opportunities for HomeRoots beyond the typical retail business.” says Holger Altvater; Global Head of Hospitality Logistics. Gil Bar-Lev, CEO of HomeRoots said that “HomeRoots' partnership with Kuehne-Nagel puts the two companies ahead of the competition. There are very few selling platforms that provide logistics solutions on such a scale. The opportunity to work with Kuehne-Nagel is exciting for multiple reasons. HomeRoots' partners will be able to benefit from efficient logistics solutions via Kuehne+Nagel solid network, its leading market position and sustainable product portfolio.” This also allows manufacturers and factories that did not have the capabilities or the know-how, to enter the U.S. market. Conversely, Kuehne+Nagel existing customers who are currently importing furniture and home décor items will can collaborate with an even larger sector of customers that includes HomeRoots ever growing U.S. based sales channel of customers. According to Reuters, 70% of U.S. economic activity results in merchandise derived from ocean container shipments. Many of these shipments are plagued with difficulties, delays, and lack of transparency that make international exchange difficult. Bar-Lev said “Our goal is for our customers who order containers to be able to do so by adding items to their cart on the HomeRoots platform and completing checkout like the end consumer ordering grocery items. The existing process which is highly complex and high touch will be completely transformed. This is a real game-changer.” “Kuehne+Nagel allows us to bring direct access to the next evolution of premier freight service and options to our customers and suppliers” said Diane Narwid, VP of Merchandising from HomeRoots. We relish the opportunity to help ease the pain points our customers and factories might be experiencing in terms of getting goods safely, quickly, and competitively into the US. This partnership will play a valuable role in allowing HomeRoots to be the ultimate one-stop-shop for B2B online sales of furniture and home decor products, but also open doors to additional industry and logistics brokering opportunities. About Kuehne+Nagel With over 80,000 employees at almost 1,300 locations in over 100 countries, the Kuehne+Nagel Group is one of the world's leading logistics companies. Its strong market position lies in sea logistics, air logistics, road logistics and contract logistics, with a clear focus on integrated logistics solutions. About HomeRoots HomeRoots is the market leader in B2B sales of Furniture, Home Decor, Rugs, & Lighting products. HomeRoots offers an ever-growing e-catalog of products IN STOCK and ready to ship to your location or direct to your customer. HomeRoots customers range from interior designers and hospitality projects to small and large e-commerce/brick and mortar retailers. HomeRoots mission is to offer an unparalleled breadth of assortment at competitive pricing and to make the B2B online shopping experience as easy as the B2C online shopping experience. For more information, please visit https://www.homeroots.co/ Contact Details HomeRoots Diane Narwid +1 862-203-8249 contactus@homeroots.co Company Website https://www.homeroots.co/

February 27, 2023 11:38 AM Eastern Standard Time

Foresight’s Technology Recognized as a Significant Breakthrough by Israel’s Ministry of Defense

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its QuadSight® stereovision solution was recognized as a significant technological breakthrough by Israel’s Ministry of Defense. The QuadSight solution was tested extensively for more than two years in challenging weather and environmental conditions by the Administration for Research and Development of Weapons and Technological Infrastructure of Israel’s Ministry of Defense. The tests were conducted to search for an alternative sensor to replace active LiDAR sensors. In addition, the performance of Foresight’s high-resolution point cloud was tested against LiDAR on platforms designed for autonomous driving. The Ministry of Defense concluded that Foresight's passive stereo technology exceeded all requirements and declared it to be a significant technological breakthrough for defense applications. Autonomous vehicles require a sensing system that enables accurate perception of the surrounding environment in order to navigate and detect obstacles. Currently, the most commonly used sensors for military vehicles are active LiDAR sensors which constantly broadcast their location and can be easily detected by the enemy. Foresight’s passive, non-emitting stereo capabilities provide unique 3D perception of the environment. These capabilities are vital to the defense industry, as they leave no energy signature discernible to an adversary. 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 its belief that its passive, non-emitting stereo capabilities provide unique 3D perception of the environment that are vital to the defense industry, as they leave no energy signature discernible to an adversary. 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/

February 27, 2023 08:20 AM Eastern Standard Time

NAFA APPOINTS 2023 BOARD OF DIRECTORS

NAFA Fleet Management Association

NAFA Fleet Management Association (NAFA), the vehicle fleet industry’s largest membership association, has announced the appointment of its new Board of Directors, led by chairman Mike Camnetar, CAFM, Fleet Services Manager for General Mills Inc. Members serving on NAFA’s Board of Directors come from a variety of industries and companies, representing cities, software and technology companies, foodservice groups, health corporations and more. “I am thrilled to be taking on the role of Board President for NAFA, and am looking forward to working alongside such an experienced and accomplished group of fleet industry professionals,” says Mike Camnetar, CAFM. “Together, we are excited to continue our focus on advancing the interests of the fleet and mobility profession, and we look forward to what this next year will bring.” The following individuals sit on NAFA’s 13-member 2023 Board of Directors: President: Mike Camnetar, CAFM – Fleet Services Manager for General Mills Inc. Immediate Past President: Raymond Brisby, CAFM – Manager, EMS Fleet Operations for Alberta Health Services Senior Vice President: Maria Neve – Vice President of Electrification & Sustainability for Wheels Donlen LeasePlan Vice President: Kevin Fisher, CAFM – Director of Commercial Fleet Solutions for Induct EV Secretary/Treasurer: Beth Cooley – Director for the Commonwealth of Virginia Office of Fleet Management Clyde Collins, CAFM, Member – Fleet Maintenance Supervisor for Prince William County Service Authority Al Curtis, Member – Fleet Director for Cobb County, GA Government Fleet Management Kenneth Jack, Member – Vice President of Fleet Operations for Verizon Robert Martinez, Member Amy McAdams, CAFM, Member – Fleet Manager for Farmer Brothers William McCarty, Member – Director of Office Budget & Management for the City of Springfield, IL Bob Mossing, Member – Director of Global Fleet Administration for STERIS Corporation Steven Saltzgiver, CAFS, Member – Fleet Success Senior Advisor for RTA Fleet Management Software NAFA is pleased to welcome these expert fleet professionals and skilled individuals to the 2023 Board of Directors. Their dedication to the fleet and mobility world inspires innovation, creates progress and truly keeps the industry moving. For more information on NAFA, visit: https://www.nafa.org/ About NAFA Fleet Management Association NAFA Fleet Management Association is the membership organization for professionals who manage the mobility requirements of vehicle fleets that include commercial, public safety, trucks, and buses of all types and sizes, and a wide range of military and off-road equipment for corporations, governments, universities, utility fleets, and law enforcement in North America and across the globe. NAFA’s members are responsible for the specification, acquisition, maintenance, repair, fueling, risk management, and remarketing of more than 4.8 million vehicles that drive an estimated 84 billion miles each year. NAFA’s members control assets and services well above $122 billion each year.For more information, please visit www.nafa.org, and communicate with NAFA on LinkedIn, Facebook, and Twitter. Contact Details NAFA Fleet Management Association Colleen Gallagher +1 315-447-2331 cgallagher@onwrdupwrd.com Company Website https://www.nafa.org/

February 23, 2023 05:41 PM Eastern Standard Time

Belcorp’s Supply Chain Gets a Makeover with ToolsGroup’s Supply Chain Planning Solutions

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, has been selected by Belcorp, a beauty corporation, to improve its supply chain planning practices for enhanced inventory performance and elevated service levels. A multinational corporation with 55 years of experience in the beauty industry, Belcorp seeks to promote beauty and inspire personal fulfillment through its brands ésika, L'Bel, and Cyzone, serving millions of people throughout Latin America. “Our primary goal is delighting our customers and providing products they can feel good about. That’s why we seized this opportunity to adopt a process that would streamline the consumer experience while also safeguarding our financial expectations,” says Nicolas Frasquet, Corporate Procurement Executive Director. “ToolsGroup’s suite of solutions will enable agile, high-level decision making and minimize our environmental impact by reducing and properly positioning inventory across our network. Plus, the ToolsGroup team’s expertise and open communication prove we can depend on them to be an engaged partner as we refine our supply chain operations.” Belcorp wanted to increase customer satisfaction while boosting profitability and reducing inventory. This required right-sizing inventory levels and improving stock positions throughout its network. Belcorp’s search for a world-class supply chain planning solution led to the selection of ToolsGroup Demand Planning, Multi-Echelon Inventory Optimization, and Replenishment. Thanks to automation and powerful statistical, optimization and heuristics algorithms, this planning suite untangles complexity and calculates optimal stock targets, decreasing the amount of on-hand inventory and positioning it where it can best fulfill demand, resulting in minimal working capital investment and increased service levels. “Every supply chain decision a company makes either supports its priorities or endangers them,” says ToolsGroup CEO, Inna Kuznetsova. “This is why next-generation supply chain planning solutions play a pivotal role in customer experience, profitability, and sustainability, allowing companies to navigate uncertainty with speed and accuracy. We want to make the supply chain a force for good, and that begins with conscientious companies like Belcorp who are ready to adopt these new technologies, maximizing supply chain efficiency and business performance while reducing carbon footprints.” Learn more about ToolsGroup's automated Demand Planning and Forecasting technology. About Belcorp Belcorp is a corporation with 55 years of experience in the beauty industry, operating under the direct sales model. The company promotes beauty to achieve personal fulfillment through its brands ésika, L’Bel and Cyzone, generating a positive impact on millions of people in the Americas, with a network of more than 840 thousand independent beauty consultants in 14 countries. ToolsGroup’s innovative AI-powered solutions enable retailers, manufacturers, and distributors to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making, and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

February 23, 2023 10:15 AM Eastern Standard Time

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Stellantis Partners with GlobalLogic to Open a Software Facility in Poland

GlobalLogic

GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today confirmed it is establishing a new automotive-centric software facility in Poland as part of its continued efforts to enable car manufacturers worldwide to develop software-defined vehicles (SDVs). The initiative was prompted by its ongoing collaboration with Stellantis as the global automaker and mobility provider advances its platform for SDVs. The companies’ new partnership phase enables Stellantis to maximize its ability to evolve and deliver customizable open automotive platforms. According to a recent report from Goldman Sachs, “We are entering a new era where SDVs (software-centric automotive development) will determine who has the competitive edge in the auto industry.” Next generation vehicles rely on software to decrease hardware dependencies in ways that better the whole consumer experience, from driving to maintenance. Stellantis, a leading global automaker and mobility provider, is deploying next-generation technology platforms that build on existing connected vehicle capabilities to transform how customers interact with their vehicles. This transformation will move Stellantis’ vehicles to an open software-defined platform that seamlessly integrates with customers’ digital lives and greatly expands the options customers have to add innovative features and services via regular over-the-air (OTA) updates keeping vehicles fresh, exciting, and updated years after they have been built. “As newer digital technologies become available, the infrastructure around and inside our cars should adapt to meet driver expectations,” said Tara Vatcher, Senior Vice President, Software Architecture and Development, Stellantis. “Therefore, it’s important to us that we work with an engineering partner that is dialed in to the cutting edge of what’s possible with automotive solutions. GlobalLogic’s commitment to our success through the establishment of this new facility proves we’re making the right choice in extending our partnership.” GlobalLogic provides Stellantis with key talent expertise in software, verification and validation platforms, DevOps, and over-the-air integration supporting several Stellantis application platforms. The systems developed throughout this partnership continue to accelerate base software platform development for Stellantis vehicles worldwide. “GlobalLogic has a deep history of collaborating with global automotive manufacturers. We’re putting that knowledge to work as we, along with Stellantis will reimagine the driving experience using digital solutions. This partnership represents our continued focus on driving the industry towards powerful software-defined vehicle experiences,” stated Ramki Krishna, Senior Vice President & General Manager, Automotive & Industrial Business, GlobalLogic. GlobalLogic’s Automotive Business The automotive industry faces the challenge of rapidly and affordably integrating new digital technologies into vehicles to transform the consumer experience in a safe and secure environment. GlobalLogic’s team of skilled Automotive Consultants have a rich working history with vehicle manufacturers and their ecosystem for creating unparalleled in-vehicle electronics solutions, advanced driver assistance systems, automated driving systems, cockpit electronics, modern cloud platforms, and much more. Learn how we can help shift your automotive technology into the fast lane. About GlobalLogic GlobalLogic ( www.globallogic.com ) is a leader in digital engineering. We help brands across the globe design and build innovative products, platforms, and digital experiences for the modern world. By integrating experience design, complex engineering, and data expertise – we help our clients imagine what’s possible and accelerate their transition into tomorrow’s digital businesses. Headquartered in Silicon Valley, GlobalLogic operates design studios and engineering centers around the world, extending our deep expertise to customers in the automotive, communications, financial services, healthcare and life sciences, manufacturing, media and entertainment, semiconductor, and technology industries. GlobalLogic is a Hitachi Group Company operating under Hitachi, Ltd. (TSE: 6501), which contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business. About Stellantis Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is one of the world's leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2Move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com. GlobalLogic is a trademark of GlobalLogic. All other brands, products or service names are or may be trademarks or service marks of their respective owners. Contact Details GlobalLogic, Inc. Heather Ailara +1 973-567-6040 heather@211comms.com Company Website http://www.globallogic.com/

February 23, 2023 03:00 AM Eastern Standard Time

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Clear Vision Impact Fund Announces Latest Round of Investments

Siebert Williams Shank

Since its final closing in March 2022, the Clear Vision Impact Fund (Clear Vision or CVIF) has provided loans to minority-owned businesses across the U.S. It has originated loans to seven portfolio companies, including two new investments that closed last month. "The Clear Vision team embraces the opportunity to provide liquidity and growth capital to small and mid-sized businesses that serve communities in a manner that is consistent with our impact mission," said Christopher J. Williams, principal of Clear Vision’s general partner and Chairman of Siebert Williams Shank & Co., LLC. "We are energized that our portfolio companies, which span a range of industries, strive to save jobs and increase job training among underserved communities." "The CVIF loan played a critical role in P&THE Manufacturing Acquisition’s first acquisition of Ross Aluminum. We had to work expeditiously in closing the deal, condensing a timeline that would normally take four to five months down to six to eight weeks at the behest of the previous owner,” said Pancho Hall, CEO and Chairman of P&THE Manufacturing. “Thanks to the professionalism, accuracy, and pure determination of all responsible parties, we were able to finalize the loan and close on this amazing opportunity, which positions us to capitalize on our strategy to gain a collection of world-class enterprises that serve global communities as their minority-business enterprise of choice." “The asset management business needs a big funnel to find innovative solutions that impact the broader society,” said Dabo Horsfall, Founder and CEO of Tensile Investments. “CVIF has been a true growth partner; their approach to investing is fair, their feedback is constructive, and their approach to partnership is genuine. CVIF has supported Tensile’s mission to provide clean mobility solutions that improve the lives of ALL people while developing electric vehicle charging infrastructure in a profitable manner.” “Valeo Networks teamed with the Clear Vision Impact Fund in October 2021 for the purpose of growth through acquisition. As our financing partner, Clear Vision has fueled our acquisition growth, allowing us to double in size by funding three acquisitions in our first year of partnership, making Valeo Networks one of the 50 largest Managed Security Service Providers (MSSPs) in the United States,” said Travis Mack, CEO and Chairman of Valeo Networks. “Clear Vision has been very flexible and worked closely with Valeo to gain a detailed understanding of our business model and acquisition strategy, which helps us to be nimble and efficient during acquisition. We look forward to continuing to work with Clear Vision and continuing our growth to more than $50 million annual revenue over the next 2-4 years to become one of the 10 largest MSSPs nationwide.” “The Clear Vision Impact Fund partnered with Medi-Fare in the immediate aftermath of the COVID-19 pandemic. Whether it is collaborating on enhancing our business through new client targets, crafting impact strategies to increase local hiring, or producing marketing materials, the Clear Vision team has never viewed a task as too small. We look forward to its continued support in 2023 as Medi-Fare scales its production capacity,” said Artis Terrell Jr., CEO of Medi-Fare Drug Pharmaceutical Compounding. “At CVIF, we have been fortunate in continuing to source unique opportunities to support diverse entrepreneurs and investors that not only share our passion for positively impacting underserved communities, but also demonstrate that impact and financial performance are not mutually exclusive,” said Kyle C. Sligar, Chief Credit Officer and Portfolio Manager of the Clear Vision Impact Fund. We look forward to deploying more customized debt solutions for both existing portfolio companies and new prospects as they execute on their growth initiatives.” In addition to providing financing, Clear Vision aims to support portfolio companies by working with them to define and execute on their impact goals, evaluating proposed operational improvements and strategic initiatives, and introducing them to prospective customers and partners, among other things. To date, Clear Vision has provided loans to seven African American-owned businesses, several of which are detailed below. P&THE Manufacturing, headquartered in metro Detroit, is a minority-owned holding company comprised of businesses that provide manufacturing solutions. It differentiates itself in the marketplace as a true owner operator who has experience working in and managing businesses at the senior level ranging from the lower middle market to Fortune 100 companies. Learn more at www.rossal.com. Tensile Investments is an impact driven holding company that provides clean mobility options in transit deserts. It develops smart mobility hubs and funds clean first-last mile transportation. Tensile Investments partners with municipalities and private property owners to create smart mobility hubs by modernizing parking lots and garages to provide electric vehicle (“EV”) fleet parking and charging, electric micro-transit services, clean distributed energy services, public EV charging, and electric micro-mobility services. Learn more at www.tensileinvestments.com. Medi-Fare Drug Pharmaceutical Compounding is a minority-owned 503B pharmaceutical compounding facility registered with the Federal Drug Administration as an Outsourcing Facility. Medi-Fare serves as a partner to hospitals and other healthcare providers to supply much needed medications to help improve positive outcomes for their patients and fulfill the need for the ever-growing number of medicines in shortage or backorder situations. Headquartered in Blacksburg, South Carolina, it serves a range of medical facilities and acts as a health care partner for hospital systems, surgery centers, clinics, and doctor’s offices. Learn more at www.medifaredrug.com. Valeo Networks is a full-service, award-winning Managed Security Service Provider (MSSP) that serves state, county, and municipal markets; small-to-medium businesses; and non-profit organizations. Firmly seated in the top 5% of revenue generating MSSPs nationwide—making it one of the largest MSSPs nationally—Valeo Networks provides solutions in the areas of cybersecurity, compliance, cloud, network infrastructure, and managed IT services. With over 20 years of industry experience, Valeo Networks is headquartered in Rockledge, FL, with additional locations nationwide. Learn more at www.valeonetworks.com. A-1 is an established and fast-growing disaster-response company which provides on-demand resources, services, and logistics during catastrophes. Services include large-loss restoration services, commercial construction, staffing, restoration equipment rental & monitoring, as well as time and material documenting and preparation during natural disasters such as hurricanes, tornadoes, and freezing and flooding events that cause property damage. Headquartered in Charlotte, North Carolina, A-1’s extensive experience and seasoned personnel have allowed it to create a first-of-its-kind national network and partnership program that brings together service providers, supplies, equipment, and labor. Learn more at www.a1disasterresources.com. About the Fund SponsorClear Vision’s sponsor is an affiliate of Siebert Williams Shank, a leading non-bank financial services firm serving clients across industries and asset classes. It is both a minority-owned and women-owned enterprise. SWS Capital Management, an investment adviser affiliated with Siebert Williams Shank, serves as Clear Vision’s investment manager.To learn more about Clear Vision’s closings or investment portfolio, please visit www.clearvisionimpact.com. This press release (“Press Release”) is being published for informational purposes only regarding Clear Vision Impact Fund (“Clear Vision” or “CVIF”). One should not assume an investment in any of the described companies was or will be profitable. The companies listed in this Press Release do not represent all CVIF’s investments. All opinions, estimates and forecasts are based on information as of the date of this Press Release and are subject to change. Certain information contained in this Press Release constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. CVIF has not vetted the companies’ websites and CVIF’s provision of the companies’ website links should not be considered an endorsement of the information presented there. Contact Details Tom Butler +1 646-213-1802 TButler@ButlerPR.com Christian Agredo +1 646-213-0286 CAgredo@ButlerPR.com Company Website https://www.clearvisionimpact.com/

February 22, 2023 09:30 AM Eastern Standard Time

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