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Cooper Standard Completes Sale of European Property, Adding to Continuing Solid Liquidity Position

Cooper Standard Holdings Inc.

Cooper-Standard Holdings Inc. (NYSE: CPS) has completed the previously announced sale of a non-core real estate asset in Germany. The transaction generated $50 million in cash proceeds, adding to the Company’s already strong cash position at the end of the first quarter. The Company expects to lease back a portion of the property until the remaining manufacturing operation can be relocated. The lease commitment is not financially material to the Company’s ongoing operations. As of March 31, 2022, Cooper Standard had cash and cash equivalents totaling $252.9 million including proceeds from the transaction. Total liquidity, including availability under the Company's amended senior asset-based revolving credit facility, was $395.6 million at the end of the first quarter. Additionally, subsequent to the end of the first quarter, the Company received $29 million in cash payments from the United States Internal Revenue Service for tax refunds related to net operating loss carrybacks made available by the CARES act. An additional $23 million in tax refunds related to net operating loss carrybacks are expected to be received during the second quarter of 2022. The cash received further bolsters the Company's strong liquidity position. Based on our current expectations for light vehicle production and customer demand for our products, we expect our current solid cash balance and access to flexible credit facilities will provide sufficient resources to support ongoing operations and the execution of planned strategic initiatives for the foreseeable future. The Company expects to release its full financial results for the first quarter 2022 on Thursday, May 5 after market close. The quarterly results will be posted to the Cooper Standard website( http://www.ir.cooperstandard.com) once released. About Cooper Standard Cooper Standard, headquartered in Northville, Mich., with locations in 21 countries, is a leading global supplier of sealing and fluid handling systems and components. Utilizing our materials science and manufacturing expertise, we create innovative and sustainable engineered solutions for diverse transportation and industrial markets. Cooper Standard's approximately 23,000 employees are at the heart of our success, continuously improving our business and surrounding communities. Learn more at www.cooperstandard.com or follow us on Twitter @CooperStandard. Forward Looking Statements This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Our use of words “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “believe,” “outlook,” “guidance,” “forecast,” or future or conditional verbs, such as “will,” “should,” “could,” “would,” or “may,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon our current expectations and various assumptions. Our expectations, beliefs, and projections are expressed in good faith and we believe there is a reasonable basis for them. However, we cannot assure you that these expectations, beliefs and projections will be achieved. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. Among other items, such factors may include: the impact, and expected continued impact, of the COVID-19 outbreak on our financial condition and results of operations; significant risks to our liquidity presented by the COVID-19 pandemic risk; prolonged or material contractions in automotive sales and production volumes; our inability to realize sales represented by awarded business; escalating pricing pressures; loss of large customers or significant platforms; our ability to successfully compete in the automotive parts industry; availability and increasing volatility in costs of manufactured components and raw materials; disruption in our supply base; competitive threats and commercial risks associated with our diversification strategy through our Advanced Technology Group; possible variability of our working capital requirements; risks associated with our international operations, including changes in laws, regulations, and policies governing the terms of foreign trade such as increased trade restrictions and tariffs; foreign currency exchange rate fluctuations; our ability to control the operations of our joint ventures for our sole benefit; our substantial amount of indebtedness and variable rates of interest; our ability to obtain adequate financing sources in the future; operating and financial restrictions imposed on us under our debt instruments; the underfunding of our pension plans; significant changes in discount rates and the actual return on pension assets; effectiveness of continuous improvement programs and other cost savings plans; manufacturing facility closings or consolidation; our ability to execute new program launches; our ability to meet customers’ needs for new and improved products; the possibility that our acquisitions and divestitures may not be successful; product liability, warranty and recall claims brought against us; laws and regulations, including environmental, health and safety laws and regulations; legal and regulatory proceedings, claims or investigations against us; work stoppages or other labor disruptions; the ability of our intellectual property to withstand legal challenges; cyber-attacks, data privacy concerns, other disruptions in, or the inability to implement upgrades to, our information technology systems; the possible volatility of our annual effective tax rate; the possibility of a failure to maintain effective controls and procedures; the possibility of future impairment charges to our goodwill and long-lived assets; our ability to identify, attract, develop and retain a skilled, engaged and diverse workforce; our ability to procure insurance at reasonable rates; and our dependence on our subsidiaries for cash to satisfy our obligations; and other risks and uncertainties, including those detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements. Our forward-looking statements speak only as of the date of this press release and we undertake no obligation to publicly update or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except where we are expressly required to do so by law. ### CPS_F Contact Details Chris Andrews Contact for Media +1 248-596-6217 candrews@cooperstandard.com Roger Hendriksen Contact for Analysts +1 248-596-6465 roger.hendriksen@cooperstandard.com Company Website http://www.cooperstandard.com/

May 02, 2022 09:15 AM Eastern Daylight Time

Foresight CEO Letter to Shareholders

Foresight Autonomous Holdings Ltd.

Dear Shareholders, This past March, U.S. Secretary of Transportation Pete Buttigieg announced that the federal government would oversee “meaningful” development of regulations for autonomous and semi-autonomous vehicles over the next few years. I believe that this announcement reflects the significant technological and economic progress seen in the autonomous vehicle industry, as the business community and society alike recognize that these technologies will underpin the future of mobility. It is now a matter of when, not if, autonomous and semi-autonomous vehicles become the dominant form of transportation in developed countries throughout the world. Foresight’s smart 3D multi-spectral stereo vision software solutions and Eye-Net Mobile’s cellular-based applications will play a vital role in the future of autonomous and semi-autonomous transportation — not only for automobiles, but also for trains and unmanned aerial vehicles. To become widely accepted by society, autonomous technology must demonstrate comprehensive and reliable safety for each vehicle’s operator, passengers, and those around it. Foresight’s in-line-of-sight 3D stereo vision systems and Eye-Net’s beyond-line-of-sight accident prevention systems facilitate safe operation for autonomous and semi-autonomous vehicles, promising a future in which accidents are a near-impossibility. While the U.S. Department of Transportation turns its attention to autonomous vehicles, many of the world’s leading industries and corporations continue their evaluations of this complex technology. Foresight’s sales cycle, which is oriented around extensive proof-of-concept (POC) projects for leading automotive original equipment manufacturers (OEMs), demonstrates that autonomous vehicle design and manufacture require thorough study and careful deliberation. QuadSight ®, our four-camera-based 3D stereo vision system, continues to meet the demanding requirements of our potential customers, and we remain confident that POC projects will soon lead to commercial agreements. In the coming years, the transportation industry, along with other key verticals such as agriculture and defense, will begin mass production of autonomous and semi-autonomous vehicles. We believe that our QuadSight vision system will be a compelling option for these OEMs as they make final decisions on components for their first mass-market offerings. Foresight’s 3D multi-spectral vision solutions offer both superior performance and flexibility when compared with competing solutions, particularly as our visible-light and thermal infrared cameras can be mounted anywhere on a vehicle. DynamiCal™, our innovative automatic calibration solution, radically simplifies the process of integrating our stereo technology into new vehicle designs. Our customers recognize that our thermal infrared stereo cameras, provided by FLIR Systems (acquired by Teledyne Technologies [NYSE: TDY]), deliver seamless performance regardless of harsh weather and lighting conditions. We believe that this technology will prove to be essential for successful mass-produced autonomous and semi-autonomous vehicles. Since my last letter to shareholders, in September 2021, Foresight has recorded several important milestones that demonstrate our progress and potential. Most notably, we completed a two-week series of technological demonstrations in the United States in October 2021, generating significant interest among 19 leading American and global vehicle manufacturers, Tier One suppliers and autonomous systems developers. We expanded our presence in the key market of China by establishing a subsidiary, Foresight Changzhou Automotive Ltd., and we announced a promising collaboration with a leading Japanese Tier One supplier of automotive stereo vision systems. Most recently, we announced an upcoming project with the Israel Defense Forces, via a leading Israeli defense integrator, for which we will develop a customized 3D perception solution to replace the use of LiDAR (light detection and ranging) in key defense-focused solutions. We believe that the combination of Foresight’s technological advantages and the significant market potential for autonomous vehicles represents a tremendous economic opportunity for our stakeholders and investors. As we turn the corner from POC projects to commercial agreements, we expect to deliver significant sustainable value to our shareholders. We believe that Foresight is strongly positioned to become a technology pillar in the autonomous and semi-autonomous vehicle market. I am grateful for your support of our company. We look forward to announcing new developments in the near future. Sincerely, Haim Siboni CEO & Chairman, Foresight Autonomous Holdings Forward-Looking Statements This letter to shareholders 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 letter to shareholders when it discusses autonomous and semi-autonomous vehicles will become the dominant form of transportation in developed countries throughout the world, the potential of Foresight’s and Eye-Net Mobile’s solutions in the future of autonomous and semi-autonomous transportation, that the QuadSight vision system will be a compelling option for OEMs, that Foresight’s technology will prove to be essential for successful mass-produced autonomous and semi-autonomous vehicles, that Foresight’s POC projects will soon lead to commercial agreements, the belief that the combination of Foresight’s technological advantages and the significant market potential for autonomous vehicles represents a tremendous economic opportunity for its stakeholders and investors, and that Foresight is strongly positioned to become a technology pillar in the autonomous and semi-autonomous vehicle market. 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 letter to shareholders. The forward-looking statements contained or implied in this letter to shareholders 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 letter to shareholders. 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 02, 2022 08:20 AM Eastern Daylight Time

Volatus Aerospace Corp. Announces Record Fourth Quarter and Record 2021 Annual Sales

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company"), a leading drone solutions provider, is pleased to announce record sales for Q4 2021 and financial year 2021. The financial year 2021 was a tremendous year of expansion and growth for the Company. The revenue witnessed a growth of 161x, and gross margins grew by 271%. Key Financial Highlights for 2021: Total reported revenue increased by $9,852,723 in 2021. The company reported total annual audited revenue of $9,913,953 in 2021 (proforma revenue in 2021 was $16,723,432). The growth was driven by expansion across Canada and the United States, new strategic partnerships and acquisitions completed in 2021. The blended gross margin of the Company was 26% in 2021 compared to 7% in 2020. The Company reported a total gross margin of $2,528,710. The increase in gross margin is due to scale in product and service activities. The Company recorded a comprehensive loss of $3,678,734, including non-cash items like impairment of goodwill of $1,399,029 recognized due to the reverse acquisition of Partner Jet Corp. in 2021. On December 31, 2021, the Company's cash balance was $8,806,836 compared to $189,973 in 2020. The cash balance increased due to two successful funding activities in 2021. Key Financial Highlights for Q4 2021: The revenue for the fourth quarter increased by $2,870,462 compared to Q4 2020. The growth was due to acquisitions and scale in operational activities across Canada, the US, and parts of Latin America. The gross margin increased by $672,931 compared to Q4 2020. The increase was due to accelerated sales activities in the product and service segment. The total comprehensive loss in Q4 2021 was $2,744,770, including non-cash items like impairment of goodwill of $1,399,029 recognized due to the reverse acquisition of Partner Jet Corp. in 2021; otherwise, it would be $1,345,741. Operational Highlights: The Company achieved significant milestones in 2021. Vertical Integration enables the Company to serve the drone industry in various forms: selling drone technologies, providing drones-as-a-service, drone training, customized solutions, and integrations. This strategy has enabled the Company to capture a larger market share and provide complete solutions to our customers with strong repeat business potential. Volatus has created a network of drone pilots. This enables the Company to keep costs low and increase the speed of executing the missions with minimum overhead costs. With 1,200+ drone pilots spread across the Americas, the Company can serve significant market segments in various geographical locations. The Company has entered numerous strategic partnerships with drone technology companies across the globe that provide unique capabilities in different sectors. The partnerships vary from being an exclusive global distributor to a manufacturing partner. These partnerships enhance the capabilities for service inspections, surveillance, and cargo operations. Volatus entered into a joint venture agreement with Orijinative Holding Ltd. to provide RPAS (remotely piloted aircraft system) services to Canadian First Nations communities and formed Indigenous Aerospace. The Company intends to create sustainable growth, gainful employment, and a national appreciation of how Indigenous-owned and operated businesses and employees can contribute to the economy through this partnership. In Q4 2021, Volatus invited technology companies from Israel, Canada, and the US to participate in an open technological discussion and enabled the creation of its UAV technology hub at its Simcoe Centre of Excellence. This initiative enabled the Company to lay the groundwork for creating drone technology bundled solutions. In October of 2021, Volatus successfully demonstrated the delivery of a defibrillator using drone technology. This test was conducted to improve the emergency response time by the County of Simcoe Paramedics. The delivery demonstrated the ability of drones to save lives and the capabilities of Volatus and its technology. The company also launched its Industrial and Defence sales team. In November 2021, the company announced its exclusive global distribution of Avidrone sophisticated fleet of autonomous cargo drones. On December 22, 2021, Volatus completed the reverse takeover of Partner Jet Corp. This transaction provided Volatus with operating licenses and certificates to carry out commercial operations in manned aviation and established the base to evolve in unmanned aircraft operations. The audited consolidated financial statements for the year ended December 31, 2021, and associated management discussion and analysis, are made available under the Company's profile on SEDAR at www.sedar.com. CONFERENCE CALL AND PRESENTATION In conjunction with this release, Volatus will host a conference call tomorrow at 11 AM ET that will be a webcast live. Glen Lynch, Chief Executive Officer and Abhinav Singhvi, Chief Financial Officer and Investor Relations, will host the call. Investors are invited to register for the webinar tomorrow, April 29, 2022, at 11:00 AM Eastern Time (US and Canada) https://us06web.zoom.us/webinar/register/WN_Edcz8-_nQCOqh1gEorIn8Q After registering, you will receive a confirmation email containing information about joining the webinar. Investors with Internet access may listen to the webcast live via the Investor Relations page of the Volatus Aerospace Corp. website. Please allow 15 minutes before the call to download and install any necessary audio software. Audio Replay Options An audio replay of the event will be archived on the Investor Relations page of the company's website. 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 Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

April 28, 2022 05:15 PM Eastern Daylight Time

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Texas Car Accident Data Reflects Worrisome Trend

Justinian & Associates

Vehicle accidents and fatalities in Texas have continued on a worrisome trend upward in 2022 according to recent data compiled by Justinian & Associates, an Austin personal injury lawyer firm. The trend is not only reflecting an increase in the number of overall accidents and deaths, it’s contributing to a growing economic loss for the state, up significantly from the $43-billion loss from vehicle accidents alone reported just over a year ago. “The worrisome trend of increased Texas car accidents and fatalities, particularly here in the general Austin area and surrounding communities of Round Rock and Pflugerville, is something that can’t be ignored,” said Dustin Fox, lead attorney for Justinian & Associates. “While not all car accidents result in fatalities,” said Fox, “they can result in catastrophic injuries and huge losses for those involved who don’t know what to do after a car accident occurs. This knowledge gap is one of the reasons why we’ve prepared a list of top things to do immediately after an accident occurs, to help Austin area residents limit potential losses and medical bills.” Fox has six primary tips for drivers who have been in an Austin car accident. “First, know that you have the right to know the other driver's information. Other parties involved are required to share specific information with you, and it's important that you get that information as soon as possible after the accident. Second, be cautious about what you say or share with the other driver or passengers involved. Any comments can be used against you later in court. For this reason, it’s best not to discuss the accident with the other driver at the scene.” The third tip has to do with paying medical bills, a topic many accident victims worry about. “Some personal injury lawyers will work with medical providers under a Letter of Protection after the accident,” says Fox. “If you've been injured in a car accident in Austin, this will delay the need for you to pay medical bills you might incur until after a settlement. A good personal injury lawyer will negotiate with medical providers on a client’s behalf.” Texas Department of Transportation data shows that 2021 was the deadliest year on record for Austin’s roads, with more than 106 deaths reported by year-end. This number reflects the danger of driving in Texas statewide, where, on average, more than 11 people died each day in traffic-related accidents in 2021. The record deaths-from-accidents data led one state official to lament the worrisome trend: “We have a real crisis in our state,” said Bob Kaufman, chief communications officer with the Texas Department of Transportation. The three most common causes of vehicle accident deaths in Texas shed some light on where Austin area drivers need to exercise more caution and restraint: Driving while intoxicated, not wearing a seatbelt, and speeding. “Oftentimes, the cases we see and try are situations that could have been avoided if drivers exercised more caution before getting on the road,” said Fox “That’s the general message we want to convey — be careful on the road because, while an Austin personal injury lawyer is there to help you navigate the challenges of the legal system, the best approach is to avoid having to deal with the hassles and potentially catastrophic consequences of a car accident in the first place.” Listen to a podcast interview with Dustin Fox on Six Things To Do after a car accident. Justinian & Associates is an Austin personal injury law firm with offices in Round Rock and San Antonio, Texas. www.justinian.com -###- Contact Details Threlkeld Communications, Inc. Bill Threlkeld bill@threlkeldcomm.com Company Website https://www.justinian.com

April 28, 2022 08:42 AM Pacific Daylight Time

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Oware raises $3.3M to offer businesses flexible warehousing and distribution across Pakistan

Oware

Oware, a Pakistan-based B2B warehousing and distribution start-up, has raised $3.3 million in pre-seed funding. The round is backed by Silicon Valley investors including Flexport Fund and Ratio Ventures, along with strong global investors Seedstars International Ventures, The Osiris Group, Swiss Founders Fund, Reflect Ventures, +92 Ventures, Walled City Co, and other strategic angel investors. Co-founded in June 2021 by Maersk and Careem alumni Raza Kazmi and Adil Nisar, respectively, Oware empowers companies to grow through flexible warehousing and intelligent distribution, ensuring flexible response to demand fluctuations and faster and more affordable delivery of goods. Oware offers businesses scalable and tech-driven warehousing and distribution for B2B and retail through its connected fulfillment centers and third-party logistics providers. Companies can quickly start operations from more locations to reach more customers, unhindered by operationally intense and complex logistics planning and capital investment restricting business growth. Raza Kazmi, co-founder at Oware, commented: "There is a huge opportunity in the B2B movement of goods across the region, but it remains immensely underserved. Local businesses remain trapped in an archaic and opaque environment dealing with antiquated supply chain systems that are no longer fit for purpose and remain slow, limited, and capital intensive. The time to set up operations is too long, there is limited visibility or tracking of orders and the execution of processes is inefficient in terms of speed and cost, which we are on a mission to solve". Pakistan’s logistics industry represents a $35 billion+ market opportunity and provides approximately 6% of total employment. Lack of warehouse flexibility and insights leads to overspending on warehousing and inventory, which results in expensive and late deliveries with poor visibility into operations. These inefficiencies exist due to hyper fragmentation in the market, resulting in a painful and outdated process. Further, the shift in customer expectations and service requirements has caused immense pressure on the fulfillment and distribution industry, which Oware aims to tackle. Oware continues to build momentum and is growing their customer base working with a healthy mix of start-ups, manufacturers, traders, and retailers. They are using Oware to affordably store inventory close to their customers, along with picking, packing, and shipping to give them a one platform solution. They also get real-time visibility on stock levels and order statuses with visibility into the entire network. Over time, the technology transformation has revolutionized the last mile delivery space to consumers. However, B2B movement of goods is still done through manual, unintelligent, and antiquated processes. Oware has built a FedEx equivalent for B2B. This is a game changer for B2B warehousing and distribution. Co-founder Adil Nisar added. "To get to its end destination, a product has to move between several warehouses, fulfillment centers, and trucks. This complex ballet is managed by multiple businesses without interconnected systems. Our vision is to build a large scale connected world of distribution that enables a faster route to market for our customers.” Oware has grown its network to 5 cities that provide distribution to 75% of Pakistan’s population with same-day delivery and 85% of the population with next day delivery. Oware is opening additional fulfilment centers to meet demand and increase coverage. “Most warehouses in Pakistan today are run on paper or Excel. Companies must lease or buy a property, hire staff, and manage them. Expansion into new territories or capacity increases to support inventory fluctuations are slow and costly. This increases businesses’ cost of entry and cost of expansion. Oware solves this problem for Pakistani businesses. It brings a huge archaic industry straight into the 21 st century world of on-demand flexibility and management visibility and insight. This is a big opportunity for Oware and an important part of the rapid ongoing modernization of Pakistan’s economy. We are excited to be among Oware’s investors and expect great success.” said Michel Friedman, partner at Reflect Ventures. As Oware scales operations to more geographies, its recent funding will further fuel product development and talent acquisition to innovate and simplify supply chains across Pakistan and beyond. "Pakistan has a massive opportunity in logistics presented by the 2 million SMEs and the rise of e-commerce in the region. We believe that Oware has a solid position to be an integral layer to an ecosystem that's becoming digitally enabled. We are proud to have been Adil's and Raza's early backers and thrilled for the journey ahead," said Charlie Graham-Brown, CIO & Partner at Seedstars. Founders Adil Nisar, 28, and Raza Kazmi, 39, met after Adil had left Careem to start his own company, sourcing, manufacturing, and distributing lights in Pakistan. Meanwhile, Raza was Group CFO at a large multinational distribution house and an advisor to another regional tech start-up. About Oware Oware is a Supply Chain tech start-up that helps businesses with on-demand warehousing, intelligent distribution, and fulfillment with better transparency, flexibility, and minimal capital costs. For more information please visit https://oware.co/ or follow the company on LinkedIn and Facebook. Contact Details Oware Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://oware.co/

April 28, 2022 07:00 AM Eastern Daylight Time

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COVID Related Microchip Shortages and the Lemon Law: Who’s Responsible?

Amar Law Group

The worldwide microchip shortage that caused very limited new car inventories and a massive increase in car prices also has ramifications after you purchase a new vehicle. Imagine buying a new car that turns out to be a “Lemon.” After a breakdown, you take it in to the shop for warranty repairs and are told you’ll have to wait weeks or even months to get your car back because of the worldwide microchip shortage. You call the car company to plead for help and they say that nothing can be done. The component that’s defective on your car needs to be replaced, but it can’t be because there are no microchips available to produce the replacement component. It looks like you bought a “Lemon” that can’t be repaired because of COVID. But if your car truly can’t be repaired, then surely the Lemon Law steps in to get you a Buyback or a New Vehicle…shouldn’t it? Not so fast the car company says. COVID is an exception to the Lemon Law because it is equivalent to a natural disaster that should prevent the Lemon Law from covering your vehicle. Does COVID really prevent Lemon Law help? Some car manufacturers we deal with on behalf of consumers actually argue that about Lemon Law matters in an attempt to avoid responsibility. We respectfully disagree. Before delving further into whether the automotive industry can escape from its Lemon Law obligations, here’s a quick rundown of what the Lemon Law actually is. All 50 States in the U.S. have Lemon Laws to aid consumers of new vehicles that turn out to be defective “Lemons”. Although the standards vary somewhat State to State, the heart of all Lemon Laws is that if a substantial vehicle problem takes too many times or too long to repair under warranty within a certain time and mileage limit after the vehicle is purchased, then the consumer is entitled to get his or her money back or a new vehicle. There is also a Federal Lemon Law called the Magnuson-Moss Warranty Act that provides compensation to consumers of manufacturer warranted products like cars that are not repaired under warranty within a reasonable opportunity. Most of these laws also allow consumers to recover attorneys’ fees for successfully resolved cases. This was done so consumers can get the help of an attorney to make sure the Lemon Law is properly complied with by the vehicle’s manufacturer. Lemon Laws don’t cover everything that could possibly go wrong with a vehicle for any reason. They have exclusions for circumstances such as the age of a vehicle and outside causes of problems like abuse, misuse, or unauthorized modification by an owner. Another set of exclusions in some (not all) Lemon Laws are warranty repairs that suffer delays due to war, invasion, or a natural disaster such as a fire, tornado, or flood. Certain manufacturer representatives argue that COVID should be considered a natural disaster under the Lemon Laws that have such exclusion and even in ones that don’t! After all, it is a once in a lifetime pandemic that’s caused massive economic disruptions and numerous deaths. Merriam-Webster defines a natural disaster as, “a sudden and terrible event in nature (such as a hurricane, tornado, or flood) that usually results in serious damage and many deaths.” COVID may match this definition as far as serious damage and deaths, but it clearly does not meet the definition of being an event in nature such as a hurricane, tornado, or flood. It’s important to note that Lemon Laws are remedial consumer protection statutes which courts have routinely held should be interpreted in favor of consumers to promote their consumer protection purpose. That means that if there is a gray area as to whether COVID should be considered a “natural disaster,” which there obviously is based on its dictionary definition, the interpretation of whether COVID is or is not a natural disaster should favor the consumer, not the manufacturer. However, that is not the only reason why the automotive industry should not be allowed to claim COVID is a natural disaster shielding it from any Lemon Law responsibility. What’s also important to consider are the mistaken decisions car companies made that contributed to the chip shortage mess in the first place… What caused the chip shortage in the automotive industry? The chip shortage crisis can be traced back to March of 2020 when COVID shutdowns forced automakers to shutter manufacturing plants. See What Happened With the Semiconductor Chip Shortage—and How and When the Auto Industry Will Emerge. The car companies also decided to temporarily halt chip orders from suppliers who are mostly in Taiwan and China assuming (incorrectly) that production would be stalled for a long period of time. Id. During the COVID caused lockdowns, demand for TVs, videogame systems, cell phones, computers, and other consumer products increased dramatically. Chip manufacturers supplied more microchips to the electronics industry instead of the automotive industry to meet this demand. Id. When auto industry vehicle production started back up faster than anticipated in the summer of 2020, carmakers found the microchips needed were no longer available because they were already committed to the consumer electronics industry. Id. Making matters worse, cars use a lot of older, lower-tech microchips that cost only a few dollars each and have lower profit margins. Chipmakers have little incentive to increase production of these chips, especially because they may get phased out over time. Id. So why would a microchip shortage cause delays in car repairs, we’re talking about cars, not computers or phones aren’t we? The reason that the microchip shortage has caused havoc with car repairs is that modern day vehicles rely on such microchips for everything from door locks and infotainment to brakes and advanced driver assist systems. Id. Most diagnostic modules on a vehicle have microchips as well. According to Jami L. LaReau of The Detroit Free Press and USA Today, one car part could use 500 to 1,500 chips depending on the complexity of the part. See Everything You Need to Know About the Chip Shortage that's Plaguing Automakers. As cited by Motor Trend, Volkswagen of America CEO Scott Keogh admitted at a Reuters Automotive Summit that, "historically, we've made decisions as if chips were nearly infinite so each and every module required a chip, every window lift, every modulator." Because of that, any defective component on a vehicle that has microchips can have egregiously lengthy repair delays when it must be replaced. You might be thinking, “COVID is a once in a lifetime pandemic, why should car companies be penalized under the Lemon Law for warranty repair delays caused by the chip shortage?” Well, the fact that microchips are so crucial for today’s vehicles requires having a large back up supply of them. Instead, most car companies were only ordering barely more than the minimum number of chips required to produce vehicles as they’re manufactured, while basically ignoring the need to order extra chips to cover potential future repair issues or to mitigate any supply disruptions. The chip shortage crisis was not inevitable. For example, Toyota had the wherewithal to have an additional supply of microchips due to lessons learned from past supply disruptions caused by natural disasters in Japan. See What Happened With the Semiconductor Chip Shortage... Other automakers should have done the exact same thing. The automotive industry, not consumers, should suffer the consequences of making the wrong call According to Alisa Pridle of Motor Trend, some researchers project the global supply of microchips for cars won't catch up with demand until 2025. Id. So we’re not only talking about a few more months of chip shortage caused repair delays. These delays will last for several years! There was clearly both a mistaken assumption about the effect of COVID on vehicle sales and a lack of foresight by manufacturers to stock microchips which caused this shortage. Is it fair for consumers of defective “Lemon” vehicles not to have Lemon Law coverage until 2025 because of that? Would you feel it was fair if your vehicle was the one that couldn’t be timely repaired until 2025? At the end of the day, the issue is whether an innocent consumer or vehicle manufacturer should bear the burden of manufacturers’ decisions to cancel or delay microchip orders and to not have adequate stockpiles of chips to complete repairs. The burden on the budget of the average consumer to pay for a defective vehicle that can’t be used is obviously much greater than the burden on manufacturers to reacquire a “Lemon.” Buying back or replacing a Lemon vehicle that can’t be timely repaired because of the microchip shortage is the right thing to do especially because it’s not the individual consumer’s fault that auto manufacturers decided to cancel or delay their chip orders. The automotive industry had a legitimate reason for what it did with cancelling and delaying microchip orders due to COVID, but that incorrect choice was still the manufacturers’, not the consumer’s, and manufacturers should bear the financial consequence of that decision (and the decision not to have additional microchips stockpiled) being incorrect. Part of that consequence is accepting responsibility for Lemon vehicles that cannot be repaired within a reasonable opportunity, rather than trying to avoid responsibility with questionable COVID Lemon Law loopholes arguments. After all, me, you, and all other regular people have to face the consequences of our incorrect choices in life. So should motor vehicle companies. Shalev Amar is the owner of the consumer protection law firms Amar Law Group and Katz & Amar. The Firms’ phone number is (866) 904-2627. The Firms’ websites are: arizonalemonlawadvocates.com washingtonlemonlawadvocates.com californialemonlawadvocate.com oregonlemonlawadvocates.com utahlemonlawadvocates.com nevadalemonlaw.info coloradolemonlawadvocates.com missourilemonlawadvocates.com Contact Details Shalev Amar, Esq. +1 866-904-2627

April 27, 2022 04:00 PM Eastern Daylight Time

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Volatus Aerospace Becomes Exclusive Global Marketing and Distribution Partner for Full Throttle Aerial

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV:VOL) (OTCQB:VLTTF) ("Volatus" or "the Company") is pleased to announce that it has signed an exclusive sales and distribution agreement with American UAV manufacturer Full Throttle Aerial ("Full Throttle"). "We are thrilled to have signed this exclusive agreement with Full Throttle. They produce a fleet of heavy lift, high endurance, robust drones that meet our clients' needs for infrastructure inspection and cargo delivery," stated Glen Lynch, Volatus CEO. "Our clients are looking for North American manufactured drone options and the Full Throttle line-up can fill this important niche in the enterprise and industrial UAV market and clients can be assured that the data they collect is secure". "Signing a strategic partnership with Volatus will allow us to concentrate on our development and design capabilities. We produce heavy-lift, long-range and high endurance drones with payloads from 12.5 lbs to 1,000 lbs, and many customized solutions created for specific use cases," said Steve Dixon, CEO and Founder of Full Throttle Aerial. "Volatus have the global reach to optimize the marketing and distribution of our production line drones." The announcement was made at the industry leading exhibition hosted by the AUVSI - Exponential 2022 where Volatus presented two of the aircraft from the Full Throttle line - Stealth and Cetan. 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 Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

April 27, 2022 07:15 AM Eastern Daylight Time

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Retention Cloud Leader CleverTap Recognized as the “Breakout SaaS Startup of the Year” at SaaSBOOMi Awards 2021

CleverTap

CleverTap, the world’s leading retention cloud today announced it has been awarded the "Breakout SaaS Startup of the Year'' at the SaaSBOOMi Awards 2021. The awards, presented by SaaSBOOMi, an informal group of SaaS founders looking to network and learn from each other, recognizes excellence in Indian SaaS companies, their founders, and their many achievements and successes. India’s SaaS industry now boasts over $1.5 billion in annual revenues, with around 1,500+ SaaS companies as an active part of the SaaS community. Acknowledging the importance of this industry, the SaaSBOOMi Awards were launched in 2020 with a mission to celebrate the extraordinary aspirations and efforts of Indian SaaS founders. “The SaaSBOOMi Awards were introduced to recognise exemplary SaaS startups in the country that have set global standards in deep tech and cutting-edge innovation,” said Vinod Muthukrishnan, Member, SaaSBOOMi Awards team. “For the recently concluded 2021 edition, we are very happy to recognise CleverTap as the ‘ Breakout SaaS Startup of the Year.’ This accolade truly reflects the brand’s phenomenal work over the last year and its commitment to building exceptional user experiences for its customers.” “This is our first award from SaaSBOOMi and will be our most precious. Our customers make us successful and this award, which is shaped and judged by the community, underlines the importance of that bond and trust for us as a company and the partners who support us,” said Anand Jain, Co-founder and Chief Product Officer, CleverTap. “We will continue to focus on solving the problem of user retention for consumer apps of all sizes. Our goal is to be the retention category market leader, not just in India and Southeast Asia but also North America and Europe and amplify the Indian SaaS success story to a growing and global audience.” The award is just one in a string of recent accolades recognising CleverTap’s technology prowess and capabilities. More than 10,000 apps across industries and geographies use CleverTap for customer engagement and retention over 3 billion devices. Built for speed, security, and scale, CleverTap has helped customers send over one trillion messages and create about 9 million campaigns in 2021. 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. Contact Details CleverTap Sony Shetty sony@clevertap.com Company Website https://clevertap.com/

April 26, 2022 02:00 AM Eastern Daylight Time

Volatus Aerospace Signs Global Marketing and Distribution Contract for UAVTEK Drone Technologies

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV:VOL) (OTCQB:VLTTF) ("Volatus" or "the Company") is pleased to announce that it has signed a global marketing and distribution agreement with UAVTEK. UAVTEK is a respected UAV designer and manufacturer who supplies defence and public safety with innovative drone solutions. This week, the UAVTEK Ares and Bug will be presented at Booth 1307 at the AUVSI Xponential in Orlando. "UAVTEK has delivered remarkable UAV technologies to defence over the last few years, with hundreds deployed in the field. These technologies provide us with an opportunity to fulfill the demand for drone technologies designed and manufactured in NATO countries. The information captured by these drones is 100% protected - no data is recorded in the drone and because it uses military-grade radio it is less susceptible to electronic warfare," said Glen Lynch, CEO of Volatus. "We are thrilled to partner with the team at UAVTEK, and Steve Emerson, Volatus VP for Europe, Middle East, and Africa, will take the lead on expanding the products' footprint globally." Howard Humphries, CEO and Founder of UAVTEK, stated, "The strategic partnership with Volatus will allow us to focus on designing and building new technologies, and customizing solutions for new use cases. We have only scratched the surface of what is possible for drones working in the air, on land, and at sea. Volatus has the global marketing capabilities we need to increase our footprint globally. We look forward to strengthening our relationship and optimizing our efforts." The drones produced by UAVTEK are highly modular with many payloads available. All technologies share the same controller and the same battery type. The platforms are highly innovative and the drones have been field-tested in Lapland in -40C. Today they are deployed in both the Arctic and Africa. There is a full range of drones available from fixed-wing to nano. If you are attending AVUSI in Orlando, please visit Booth 1307 to learn more. 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 Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

April 25, 2022 05:02 PM Eastern Daylight Time

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