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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

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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

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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

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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

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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

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News Release

Cepton discusses national security and cybersecurity concerns in LiDAR industry

Cepton Inc

Brunno Moretti, vice president of product at Cepton Inc, discusses the implications of potential action against Chinese LiDAR companies by Washington in an interview with Proactive's Stephen Gunnion. Moretti highlights two main concerns: national security and cybersecurity. LiDAR technology is crucial for creating high-definition maps around vehicles, but if parts are produced by state-backed entities from non-allied countries, there are risks related to data security and mapping sensitive areas. Moretti also emphasizes the importance of a level playing field in the LiDAR industry and the need to ensure fair competition by preventing state-subsidized companies from gaining an unfair advantage. Cepton is part of the LiDAR Coalition, which includes US and US ally-based companies aiming to raise these concerns with lawmakers. Moretti underlines the significance of this discussion, especially as LiDAR technology is just emerging in the automotive sector. He concludes by reaffirming Cepton's commitment to safety and consumer awareness regarding the technology embedded in their vehicles. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

August 03, 2023 02:08 PM Eastern Daylight Time

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Introducing The Aeromotive Group and its portfolio of leading Automotive Brands

The Aeromotive Group

Uniting nine automotive brands under one parent company, The Aeromotive Group represents some of the best American automotive innovation and tradition. The brands represented include the following: · Aeromotive Fuel Systems · PerTronix Ignition Products · Taylor Cable · JBA Performance Exhaust · Doug’s Headers · Patriot Exhaust · Waterman Racing Components · Compu-Fire · Spyke Among the brands, Aeromotive has been synonymous with innovation, passion and performance at the highest levels. As the Company embarks on the next chapter of growth, innovation and disruption, it felt natural to unite all the brands under the values that have driven Aeromotive for the past 30 years. Over the coming months, brands within The Aeromotive Group will launch new products that will debut to the industry and public at the 2023 SEMA and PRI shows and beyond. All new products are designed to provide racers and grassroots enthusiasts alike with rugged, dependable equipment to keep their vehicles running efficiently and in most cases with greater performance. “We’re putting a sharp focus on product innovation, branding and partnerships for the remainder of 2023 and moving forward,” said Laurent Potdevin, CEO, The Aeromotive Group. “All our effort is being directed to delivering what our customers want and have come to expect from our trusted brands.” As part of its wider activation plans, Aeromotive has been appointed the Official Fuel System for Roadkill Nights and is a partner of the RKN Direct Connection Grudge Match 2023. Not only will Aeromotive fuel systems be represented among the professionally built cars competing on the drag strip, but The Aeromotive Group is supplying parts to Grudge Match participants to help complete their project vehicles. “Roadkill Nights and the 2023 Direct Connection Grudge Match are the ideal platforms to showcase our market-leading fuel delivery systems as well as some of our JBA Performance Exhaust products,” said Sarah Lassek, Chief Brand Officer of The Aeromotive Group. “Many people have grown up using and trusting our brands and Grudge Match is the perfect way to demonstrate the power and performance available from Aeromotive fuel systems. We were delighted that the majority of teams in the competition decided to use our parts in their builds and we’re looking forward to seeing the final results on the big day.” Roadkill Nights takes place on Woodward Avenue in downtown Pontiac, MI on August 12, 2023. Tickets and information are available online here. ABOUT THE AEROMOTIVE GROUP The Aeromotive Group houses the automotive aftermarket’s top shelf manufacturers of performance products including Aeromotive Fuel Systems, Waterman Racing Components, PerTronix Ignition Products, Taylor Cable Products, JBA Performance Exhaust, Doug’s Headers, Patriot Exhaust, Compu-Fire performance products and Spyke motorcycle products. From hot rods to muscle cars, late-model cars, trucks, motorcycles and professional race teams, The Aeromotive Group’s industry savvy and product expertise provide spark, horsepower, sound, and unrivaled performance for enthusiasts of classic to modern vehicles. For more information please visit Aeromotiveinc.com and Pertronixbrands.com EDITOR’S NOTE More images are available here: dropbox.com/scl/fo/w982g92envg2qanxw06kz/h?rlkey=229e57jjkvnnhoeu34y2lh0cu&dl=0 Contact Details Greg Emmerson greg@theidagency.com Company Website http://pertronixbrands.com/

August 03, 2023 06:12 AM Pacific Daylight Time

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ToolsGroup Named a Notable Vendor in the Gartner® Midmarket Context: Magic Quadrant™ for Supply Chain Planning Solutions

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce it has been named among ten Notable Vendors included in Gartner’s Midmarket Context: Magic Quadrant for Supply Chain Planning Solutions (July 2023). According to Gartner, “The SCP solution software market that supports midmarket enterprises consists of solutions that are cost-effective, user-focused and fast to deploy. The vendors included in this report all met the criteria of earning 60% or more of their 2021 revenue from midmarket enterprises with 100 to 999 employees or $50 million to $3 billion in revenue.” ToolsGroup’s continued focus on customers has driven technological innovations that make its solutions invaluable to midmarket companies. With a complete set of out-of-the-box capabilities for demand planning, inventory optimization, and replenishment, companies experience shorter time to implement and faster time to value. ToolsGroup helps customers outperform the competition, thanks to four major differentiators: · A dynamic data unification platform that enables end-to-end supply chain visibility and digital supply chain twins for more strategic planning · Probabilistic demand and supply planning that prepares supply chain teams for uncertainty and disruption in order to ensure continued customer satisfaction · AI-powered demand planning and automated inventory optimization for improved planner productivity and efficiency · A powerful multi-echelon inventory optimization model designed specifically for complex supply networks for reduced inventory and greater profitability Thanks to these capabilities, ToolsGroup customers experience a 20-30% reduction in inventory while achieving 99+% product availability. “We’re excited to be recognized by Gartner,” said ToolsGroup CEO, Inna Kuznetsova. “Supply chain leaders recognize the importance of automation and usability when skilled resources are scarce, as well as the business resilience linked to our unique probabilistic planning approach. ToolsGroup helps supply chain teams make better, faster decisions and provides the power to pivot and adapt successfully to disruptions and volatility.” Learn more about ToolsGroup’s award-winning, customer-centric supply chain planning solutions HERE. Gartner Disclaimer GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. 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 03, 2023 08:30 AM Eastern Daylight Time

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Saietta shares soar as it inks deal for third EV product line with Indian OEM partner

Saietta Group PLC

Saietta Group PLC, a leader in EV technology, announces a major partnership with one of India's largest OEMs in the light-duty mobility market. This collaboration could lead to the distribution of 60,000 EV drive chain units over five years, marking a significant step in the EV industry. The video sheds light on Saietta's ambitious plans for mass production, expected to commence in 2023, marking a pivotal moment in the company's journey towards establishing itself as a leader in the EV sector. Viewers will gain valuable insights into Saietta's proprietary Radial Flux Technology, a groundbreaking innovation that propels the efficiency and performance of their EV drive chain units to unprecedented levels. With the company's shares rising by 30% following the announcement, we explore what this means for the future of Saietta and the EV market in India. Tune in to learn more about Saietta's innovative Radial Flux Technology and their mission to have Saietta-powered lightweight electric vehicles on Indian roads by 2024. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

July 26, 2023 04:53 AM Eastern Daylight Time

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