Transportation

Airlines Automotive Electric Vehicles Logistics Maritime
News Release Digital Asset Direct

Foresight Partners with One of the World’s Largest Industrial Equipment Manufacturers for POC Project

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced today the signing of a paid proof of concept (POC) project with the Chinese subsidiary of one of the world’s leading manufacturers of industrial equipment, heavy machinery, construction and mining equipment. Foresight was selected over other three-dimensional (3D) perception vision solutions due to its accurate and high-resolution point cloud and all object detection capabilities in harsh weather, environment and lighting conditions. A successful POC project may lead to the integration of Foresight's technology into the industrial equipment manufacturer’s construction and mining trucks. The industrial equipment manufacturer will evaluate Foresight’s technology to add 360° 3D perception capabilities to its mining and construction trucks, offering an alternative to its existing LiDAR sensors. Foresight’s QuadSight vision solution uses both visible-light and thermal cameras to deliver a comprehensive vision system capable of addressing the driving challenges in construction and mining settings. These challenges include off-road navigation, detection of non-classified objects in dusty surroundings and enabling safe driving in pitch-dark conditions. In addition, the industrial equipment manufacturer will evaluate Foresight’s DynamiCal ™ automatic calibration solution to enable continuous calibration of the cameras while its trucks encounter intense vibrations to ensure an accurate 3D image of the environment. “We are excited to extend our innovative stereo vision solutions to the construction and mining industry. By collaborating with one of the world's largest industrial equipment and heavy machinery manufacturers, we aim to enhance the safety, accuracy of object detection, and environmental awareness in their operations. This POC project reflects our dedication to delivering advanced automotive vision technologies across diverse sectors," said Haim Siboni, CEO of Foresight. 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 POC, that it aims to enhance the safety, object detection accuracy, and environmental awareness in the industrial equipment manufacturer’s operations, and that the POC project reflects its dedication to delivering advanced automotive vision technologies across diverse sectors. 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 30, 2023, 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/

August 11, 2023 08:20 AM Eastern Daylight Time

Armour Excavating LLC Promotes Matthew Morris

Armour Excavating LLC

Armour Excavating LLC (“Armour”), a provider of hauling services including aggregates, low boy heavy haul and flatbed delivery in central Texas, announced today that its Chief Operating Officer, Rich Wheatley, has decided to return to the commercial HVAC industry, his past career and long-term passion. “Rich has been a key part of the team that oversaw the growth and operational improvements in 2023. We wish Rich all the best and are grateful for his dedication, hard work, and support during this transition,” said Stephen Day, Owner. “It has been great to be a part of the Armour team. Together we have accomplished many goals throughout the year, and I know that the team will continue its successful path. Our customers are in great hands,” said Rich Wheatley. Effective August 11, 2023, Matthew Morris will assume the role of Director of Operations and be the primary point of contact for customers. Matthew has been a driver for Armour for the past two years and has been in the trucking industry for over two decades. Matthew brings first-hand knowledge and experience as a driver but also as a fleet manager. Matthew will be responsible for developing and growing the company in addition to overseeing business operations. “Armour has an exceptional team with a solid foundation to build on, so I am excited to add to the momentum providing top level service to our valued customers,” said Matthew Morris. About Armour Excavating LLC Armour Excavating LLC (“Armour”) is a locally owned and operated business that provides a variety of hauling services in central Texas. Armour operates one of the newest and best maintained fleets of equipment including tandems, super tandems, belly and end dumps as well as lowboy heavy haul and flatbed. For aggregate hauling, Armour sources directly from more than a dozen quarries in the state of Texas to have direct access to the finest materials for our customers with no additional markups in material costs. With our own materials yard in Kerrville, TX, Armour is able to provide weekend hauling of its core products, giving customers more access to what they need, when they need it. To learn more, visit www.armourexcavating.com. Contact Details Matthew Morris Director of Operations +1 830-285-1820 mmorris@armourexcavating.com Company Website https://www.armourexcavating.com

August 10, 2023 10:00 AM Central Daylight Time

Garrett Brands Chooses ToolsGroup to Drive Digital Supply Chain Transformation

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce it has been selected by Garrett Brands LLC, LLC, dba Garrett Popcorn Shops and Frango Chocolate, to support its increasing growth while achieving its high standards for product freshness and customer satisfaction. Garrett Popcorn has been a Chicago staple for over 70 years, and now has retail shops in 8 countries. Frango Chocolate was established over 100 years ago. Garrett Brands maintains a portfolio of perishable items affected by seasonal demand, all while maintaining a customer experience that is synonymous with the quality of Garrett Popcorn and Frango. To streamline operations and increase efficiency, Garrett Brands initiated a search for the right supply chain planning tools to further its digitalization efforts and fuel continued growth. Garrett Brands selected ToolsGroup Service Optimizer 99+ (SO99+), a suite of planning functions encompassing Demand Forecasting & Planning, Inventory Optimization, and Replenishment. These solutions tailor inventory to demand by accounting for market uncertainty, thanks to a powerful, built-in probabilistic forecast. ToolsGroup has over 60 food and beverage customers, giving the machine learning engine behind this forecast ample opportunity to learn and adapt to the industry’s unique challenges. By leveraging ToolsGroup’s native AI and automation, Garrett Brands can navigate the complexity of multiple channels and perishability amid network expansion. “Due to the perishable nature of its products, the food industry is up against the clock when it comes to fulfilling demand and particularly sensitive to volatility,” said ToolsGroup CEO, Inna Kuznetsova. “As the pioneers in using the probabilistic method and AI in supply chain, ToolsGroup has empowered many food industry leaders and trained our AI models to strategically and decisively neutralize the ramifications of supply and demand volatility. We’re excited to partner with Garrett Brands, helping them grow their business, combat food waste, and continue their long tradition of delighting customers.” ToolsGroup helps food producers achieve impressive business outcomes through intelligent probabilistic forecasting and inventory management. Learn more HERE. About Garrett Brands LLC GARRETT BRANDS LLC is the proud company behind the iconic Garrett Popcorn Shops and Frango Chocolate. While these brands are now recognized throughout the world, our hometown and our hearts are here in Chicago. We are grateful to be a part of special celebrations across generations, from holidays and weddings to quiet moments at home. For Garrett Brands press inquiries, please contact: Michelle Molise, 313-549-3137 About ToolsGroup 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 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

August 10, 2023 10:30 AM Eastern Daylight Time

Image

Back-to-School with Olympian Natalie Coughlin and Athleta G!RL

YourUpdateTV

The back-to-school season is officially underway, and parents everywhere are scrambling to get their kids – and themselves! - ready for the new school year. For Natalie Coughlin, 12x Olympic Medalist and Mom of Two, this back-to-school season is all about confidence, comfort and self-care, and Athleta is the perfect resource for parents to help set their kids up for success. Recently, Natalie participated in a nationwide satellite media tour to discuss the back-to-school season and some tips to help empower young girls. A video accompanying this announcement is available at: https://youtu.be/byW412Bjg2I Diminishing confidence is one of the greatest issue’s girls face in the defining years from 6-12, so it’s important that we do everything we can to set them up for success. While back-to-school shopping, think about how clothing options can give young girls room to express their style and represent their favorite hobbies and personal interests. Athleta's G!RL line is perfect for girls who want to express themselves while being comfortable and active. We can help empower girls to be their most confident selves, knowing their clothing supports self-expression and helps to quell anxiety. Special features in Athleta’s back-to-school assortment are intentionally designed to fuel girls’ confidence through apparel design details, like confidence charms and hidden affirmations in the lining of shirts and backpacks and tactile details to fiddle with when she’s feeling anxious. Athleta’s uniform-ready items - like the School Days Skort, School Days Dress, School Days Polo and Limitless Backpack and Lunchbox - are durable, quality pieces built with performance-quality fabrics to withstand her active school year and all those after school activities, whether it’s on the sports field or in the art room. For more information, visit AthletaGirl.com About Natalie Coughlin Natalie Coughlin burst onto the international swim scene at the 2001 World Championships, winning a gold medal in the 100 backstroke and a bronze in the 50 backstroke. In 2002 at the Pan-Pacifics, she was more dominant, winning six medals, four gold, with three individual championships in the 100 free, 100 fly, and 100 back. Coughlin was the top female swimmer at the 2004 Olympic Games, winning five medals, including two gold. Individually, she won the 100 metre backstroke and finished third in the 100 freestyle. She won her second gold medal in the 800 metre freestyle relay and added two silvers as a member of the United States’ teams in the other relays. In three Olympics, she competed in 12 events and won 12 medals, three gold. But her victories didn’t stop there—she has since launched a wine label, advocated on behalf of several non-profit organizations, and become a mother to her daughter, Zennie, and her son, Ozzie. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

August 09, 2023 02:00 PM Eastern Daylight Time

Video

ToolsGroup And River Logic Partner to Provide a Comprehensive Supply Chain Planning Solution

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, announced a partnership today with River Logic, Inc, a global innovator in advanced analytics for planning and decision support, offering both a platform for custom solutions as well as network optimization and production planning and scheduling applications. Combining River Logic’s advanced supply chain design and production capabilities with ToolsGroup’s award-winning demand planning, inventory optimization, and supply planning capabilities, customers can now benefit from a more comprehensive supply chain planning solution. This strategic integration empowers organizations to leverage a unique modeling approach by providing visualization and scenario planning of the physical and financial value chain overlaid with a virtual representation of the actual flow of goods. This enables organizations to benefit from both longer-term strategic supply chain design variations and the resulting impact on inventory and service levels. “As a customer of both ToolsGroup and River Logic, I am very excited by this news,” said Moid Alwy, Chief Supply Chain Officer at American Tire Distributors. “Coupling physical supply chain design decisions with the digital flow of goods moving through the supply chain is the holy grail of the industry.” The ToolsGroup Service Optimizer 99+ (SO99+) supply chain planning solution empowers supply chain teams to make better decisions faster in times of supply and demand volatility. SO99+ provides end-to-end visibility through a digital supply chain twin that models goods and inventory movement. Equipped with probabilistic planning and advanced inventory optimization, the solution leverages powerful artificial intelligence and machine learning to better predict supply and demand requirements. This enables organizations to improve forecasts and reduce on-hand inventory while maximizing service levels. “We are excited to partner with ToolsGroup to enable a more comprehensive supply chain planning solution that, in turn, will offer more value to enterprises looking to establish more resilient and profitable supply chains,” said Carlos Centurion, President of River Logic. The foundation of River Logic’s technology is a Digital Planning Twin™, which helps companies easily, quickly, and thoroughly assess a truly end-to-end set of scenarios. This includes the full value chain as-well as product portfolio, sustainability targets, and the financial impact in terms of profitability, and the ability to finance the operation. “The partnership with River Logic is a win-win for our joint customers, improving efficiency and providing powerful business benefits,” said ToolsGroup CEO, Inna Kuznetzova. “Closely linking supply planning with production planning will improve efficiency and performance for our customers. And connecting actual digital supply chain flows with the digital supply chain planning twin will give supply chain leaders the ability to act more quickly and make strategic decisions with more confidence.” Learn more about this partnership HERE. About ToolsGroup 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 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

August 08, 2023 10:30 AM Eastern Daylight Time

Image

David Clark Company’s ConneX CREW Smartphone App connects Workers on a Jobsite for complete Hands-Free Communication

David Clark

The David Clark Company released its first mobile application DC-ConneX CREW, the most flexible group communication solution that connects 10 team members without needing Internet or cell phone service. ConneX CREW provides your jobsite groups with a secured smartphone platform where authorized participants access calls and messaging with just a few clicks. The mobile app can be downloaded for free ( search name ‘ DC ConneX CREW’ from the Google Play or Apple App stores to transform an Android or iOS phone into a group communication system when the phones are connected to the David Clark Company Audio Gateway device. Activate the hands-free feature when you use the speakerphone option or pair your phone with any Bluetooth® hearing device – such as the David Clark Behind-the-Head Headset or your preferred Bluetooth® headset or earphone. Watch Explainer Video on YouTube Jobsite crews commonly use bulky radios or other headset systems that require multiple sets of equipment for each user. David Clark’s ConneX CREW system requires one Audio Gateway on a jobsite to connect your team members using their smartphones without any other expensive equipment. The CREW Audio Gateway acts as a portable network on a jobsite, protected in a ruggedized case to allow reliable, natural conversation amongst your team members. “Jobsite crews benefit from secure, high quality, low-latency audio technology that can be operated without the snag hazards of corded audio systems,” said David Clark Vice President Mark Estabrook. “The CREW system expands our communication product portfolio into the mobile app space, using the devices that jobsite workers already carry. Embedded Voice over IP (VoIP) technology opens the door to high levels of scalability in portable communications while maintaining private network coverage and security.” The David Clark Company continues its 80-year commitment to quality, service, and US-manufactured products. The company’s complete product portfolio and customer support, including the ConneX CREW system, is designed and produced at its headquarters manufacturing facility in Worcester, Massachusetts. Store.DavidClark.com is the only place online to buy the CREW Audio Gateway, which includes a 12-month license for 10 users to have unlimited communication via call or messaging functions. Learn more at ConneX.DavidClark.com or contact Ricardo Frias, Business Development Manager, at rfrias@davidclark.com. Contact Details David Clark Company Lindsay Lucarelli +1 508-751-5882 LLucarelli@davidclark.com Company Website https://connex.davidclark.com/

August 08, 2023 09:30 AM Eastern Daylight Time

Image

GoPro becomes the Official Action Camera Partner of Formula DRIFT

Formula DRIFT

The latest global brand to join the Formula DRIFT family is GoPro, maker of the world’s most versatile camera. This collaboration is the perfect synergy, bringing together the most extreme motorsports series with the best cameras to capture the action. “We’re extremely happy to welcome GoPro to the Formula DRIFT family,” said Ryan Sage, Formula DRIFT President. “Almost since our inception, GoPro cameras have been used to capture some of the most exciting action in our sport. So, we’re delighted to make this collaboration official and be able to capture and share even more of what makes Formula DRIFT unique.” Currently, the latest GoPro cameras, including HERO11 Black and the 360° GoPro MAX, are being used by the series to capture footage for its very popular and free-to-view event livestream. So, the next logical step was to create a dedicated new video series. Called GoPro Chase for the Championship, it commenced at the St Louis Round last month and will continue to the end of the season. Each episode will follow the top drivers chasing the championship title and will be filmed entirely on GoPro. The videos will air over the Formula DRIFT livestream on YouTube and appear on FD’s social media pages for each of the remaining rounds. The GoPro video series will explore how the leading drivers reached their position in the standings and the challenges they face. While GoPro Chase for the Championship will focus on the FD PRO teams, the partnership will also feature FD Experience Presented by GoPro. Hosted by a roaming reporter, the series will drop into FD PRO and PROSPEC competition to capture the action and personalities behind the scenes as well as the fan experience as both Championships ramp up to their Final Rounds. As an additional opportunity for fans, GoPro will attend one of the final rounds to share the latest GoPro technology with attendees, including hands-on workshops with the industry-leading HERO11 Black, plus the mobile-friendly GoPro Quik app, and GoPro Subscription ecosystem. Information about the specific round will be available shortly. NEXT ROUND Evergreen Speedway in Monroe, WA will host the Formula DRIFT PRO Championship Round 6 on August 11-12. Please visit formulad.com for the competition schedule, ticket information, driver profiles, special content, and the event livestream, which will include the new GoPro Chase for the Championship and FD Experience Presented by GoPro series. About GoPro, Inc. (NASDAQ: GPRO) Founded in 2002, GoPro helps the world to capture and share itself in immersive and exciting ways. For more information, visit GoPro.com. Open roles can be found on our careers page. Members of the press can access official logos and imagery on our press portal. GoPro customers can submit their photos and videos to GoPro Awards for an opportunity to be featured on GoPro's social channels and receive gear and cash awards. Connect with GoPro on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube, and GoPro's blog, The Current. GoPro, HERO and their respective logos are trademarks or registered trademarks of GoPro, Inc. in the United States and other countries. ABOUT FORMULA DRIFT Formula DRIFT is recognized as the leading international drifting championship. Established on the streets of Japan, drifting has evolved into a worldwide competitive sport that challenges the driver's skill while demanding a great deal from their vehicle in terms of power and strength. Formula DRIFT provides a series for the best professional drifters from around the globe to compete for the coveted title of Formula DRIFT Champion. As the first official drifting series in North America, Formula DRIFT has taken competitive motorsports to the extreme, attracting drift fans and car enthusiasts from all walks of life, and established itself as the global leader for the sport. For a competition schedule, ticket information, special content and livestream, please visit formulad.com EDITOR’S NOTE The first GoPro Chase for the Championship can be viewed or shared here: youtube.com/watch?v=I2q_-X08XCw More images are available here: dropbox.com/scl/fo/d13m7atpaqtiup8juffnq/h?rlkey=vqnmf4p3g96emupnmc87tzyyk&dl=0 Contact Details Greg Emmerson greg@theidagency.com Company Website https://www.formulad.com

August 08, 2023 06:12 AM Pacific Daylight Time

Image

Ilika CEO says Cirtec deal an "absolutely fantastic validation"

Ilika PLC

Ilika PLC (AIM:IKA, OTCQX:ILIKF) CEO Graeme Purdy speaks to Thomas Warner from Proactive after announcing the signing of a 10-year agreement with US complex medical device company Cirtec Medical to provide Ilika's Stereax solid-state batteries. The deal establishes an exclusive relationship with Cirtech for the use of Stereax batteries in medical devices and features an initial period of profit sharing, later transitioning into a royalty on net sales, ensuring mutual benefit. He refers to the deal as an "absolutely fantastic verification and validation" of Ilika's business model. Purdy suggests that despite Stereax's potential suitability for use in sectors such as the Internet of Things, he's always been clear that the initial commercial focus for Ilika during Stereax's early life will be on medical devices. He also mentions what he calls exciting progress with the other side of the business, the much larger Goliath Electric Vehicle (EV) batteries, and signals more positive developments in the future. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

August 07, 2023 08:21 AM Eastern Daylight Time

Video

Saietta Group frees up funds ahead of light duty vehicle push

Saietta Group PLC

Saietta Group PLC (AIM:SED) executive chairman Tony Gott and group CFO Steve Harrison speak to Thomas Warner from Proactive about two significant recent developments at the electric drivetrain (eDrive) solutions company. Saietta recently announced changes to its agreement with auto component giants Consolidated Metco (ConMet) that mean Saietta will receive an "immediate cash injection of €3.3mln" and the removal of "around €2mln of cash burn..." in exchange for the assignment to ConMet of jointly-developed intellectual property, machinery and equipment related to the development of an in-wheel generator (IWG) and an in-wheel motor (IWM). Harrison says the money freed up will be put to use on the light-duty side of the business, where he sees excellent growth opportunities. He also says he remains confident that Saietta will meet its stated aim of being EBITDA positive in the first calendar quarter of 2024. Gott goes on to highlight news from the week prior that Saietta has signed a new agreement with a commercial partner, described as “one of the largest OEMs in the Indian light-duty mobility market”, which sets up an opportunity to distribute some 60,000 EV drive chain units over a potential 5-year period. The agreement covers an anticipated third line of electric vehicles with its existing Indian client, and, follows a previously announced client partnership, which was set up to support product development and industrialisation of electric vehicle (EV) drive systems and their associated electronics. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

August 07, 2023 08:07 AM Eastern Daylight Time

Video

1 ... 35 36 37 38 39 ... 139