Transportation

Airlines Automotive Electric Vehicles Logistics Maritime
News Release Digital Asset Direct

Surety Industry Successful in Fighting False Claims Act Liability - SFAA Supports Effort with Amicus Brief

SFAA

The Surety & Fidelity Association of America (SFAA), a nonprofit, nonpartisan trade association representing all segments of the surety and fidelity industry, hails the Order entered by the United States District Court for the District of Columbia dismissing all claims against Hanover Insurance Company and Hudson Insurance Company under the Federal False Claims Act. In addition, all claims against Centennial and Michael Schendel, the surety agency and the account agent, were also dismissed. In its Amicus Brief, ex rel. Andrew Scollick v. Vijay Narula, et al., SFAA argued Plaintiff claims would result in a novel and precedent-setting theory expanding liability to sureties for False Claims Act violations related to government determinations certifying contractors as minority businesses qualified for set-aside construction contracts. “We are extremely pleased with the court’s Order and were confident the court’s decision would align with the surety industry’s position, resulting in a positive outcome for the defendants, the surety industry, and most importantly, small, disadvantaged, and emerging contractors,” said Julie Alleyne, Vice President, Policy & General Counsel, SFAA. “Any other ruling would certainly have had a detrimental impact on the ability of these contractors to obtain bonding for federal construction projects and for surety companies to provide these essential bonds,” continued Alleyne. SFAA also argued the federal government, and not the surety industry, has the duty and obligation to establish and police contractors the government certifies as disadvantaged business enterprises eligible for set-aside contracts. A decision in favor of the plaintiff would have unfairly and unreasonably expanded sureties’ exposures, thereby limiting sureties’ ability to issue Miller Act surety bonds for set-aside construction contracts. The Surety & Fidelity Association of America (SFAA) is a nonprofit, nonpartisan trade association representing all segments of the surety and fidelity industry. Based in Washington, D.C., SFAA works to promote the value of surety and fidelity bonding by proactively advocating on behalf of its members and stakeholders. The association’s more than 425 member companies write 98 percent of surety and fidelity bonds in the U.S. For more information visit www.surety.org. Contact Details Peter Roth +1 703-401-0676 proth@surety.org Company Website https://surety.org/

July 20, 2022 03:25 PM Eastern Daylight Time

Telland Releases First of Its Kind Farmland NFTs on Telos Blockchain

Telos Foundation

The mint is currently underway on Telos EVM providing users with a unique opportunity to own collectable artistic NFTs representing access to yields from 100 square meters of physical land within the Proyecto Ecológico Nuestro Paraíso in the Northwestern region of Piura, Peru, South America. However, the use-case of Telland NFTs goes far beyond simple ownership. These land plots will contribute to the growth of local farmers' sustainable organic produce and a more robust economy in the region. Perpetual Rewards for Holders Users that mint one or more Telland NFTs will receive annual rewards in perpetuity, financially backed by the revenue generated from the South American farmland. Currently there are only 100 NFT parcels of land priced at $150 USD in TLOS tokens each available to mint. The rewards payment breakdown is as follows: Year 1 of ownership - Holder receives minimum guarantee of $30 (20% APR on NFT mint price) Year 2 of ownership - Holder receives a minimum guarantee of $50 (33% APR on NFT mint price) Year 3 of ownership - Holder receives a minimum guarantee of $75 (50% APR on NFT mint price). This minimum continues perpetually from year 3 onwards. The collection debuts at an ideal moment as accumulating land ownership is more challenging for millennials today than at any other time in our history. Furthermore, Telland NFTs offers holders a chance to generate passive revenue from a real-world asset that benefits the environment while omitting painstaking bureaucratic processes and paperwork. Telland is also a participant in the Telos Mission NFT contest, which offers NFT creators a chance to win substantial prize money and acclaim in the NFT community. The contest has over 60 submissions to date and Telland's participation provides yet another opportunity for value increase in the event Telland is announced a winner. Public voting begins on July 23, 2002, on the TaiKai Network. "We chose Telos primarily for two factors: the community and the technology. The vision of the founders of Telos was to create a community around the ideas of service to society and care for the environment. Telland wants to do just that by converting arid lands into farmlands that produce fruits with a high nutritional content that help the well-being of humanity. In terms of technology, the ease of creating and deploying smart contracts in the Telos EVM, the incredible speed and low cost of transactions was such that the decision to build on their network was simple." -Paul Gonzales, Telland Co-founder "Telland is an amazing example of real-world application of NFTs and a glimpse at the future of tokenised land and real estate. At $150 an NFT, these prove to be a very interesting way to gain exposure to the value of real estate. The idea of being able to buy and trade land rights with such ease is magical to anyone who has had the pleasure of making a traditional real estate purchase where the process is incredibly slow (taking 2-4 weeks) and requiring middle men and costly fees" -Justin Giudici, Telos Foundation CEO About Telos Live since 2018, Telos Blockchain (ticker: TLOS) is an ESG compliant Layer 1 smart contract platform that offers full-service compatibility with Solidity, Vyper and Native C++ smart contracts. The Telos EVM is the most powerful and scalable Ethereum Smart Contract platform built to power Web 3.0. Telos features a robust, third-generation, ESG compliant evolutionary blockchain governance system, including smart contracts, advanced voting features, and flexible and user-friendly fee models. In addition, Telos supports the blockchain ecosystem by serving as an incubator and accelerator for decentralized applications through development grants. Come build with us. About The Foundation The Telos Foundation is a Decentralized Autonomous Organization established as a promotional and funding body to advance the Telos Blockchain Network and provide support to network applications. Contact Details The Team hello@telosfoundation.io Company Website https://www.telos.net/

July 19, 2022 10:06 AM Eastern Daylight Time

Cooper Standard Earns Environment + Energy Leader Award for its Fortrex™ Lightweight Elastomeric Material

Cooper Standard Holdings Inc.

Cooper Standard (NYSE: CPS), a leading global supplier of systems and components in diverse transportation and industrial markets, today announced that its Fortrex™ lightweight chemistry platform received a Top Product of the Year Award in the Environment + Energy Leader Awards program. The Environment + Energy Leader Awards recognize excellence in products and services that provide companies with energy and environmental benefits, and in projects implemented by companies that improved environmental or energy management and increased the bottom line. “The Environment + Energy Leader Award for our Fortrex chemistry platform is especially significant as it recognizes our culture of innovation, our dedication to bring innovative materials to new markets, and our commitment to sustainable business,” said Chris Couch, senior vice president, chief technology and procurement officer, Cooper Standard. “I’m proud of our materials science team and their achievements in enhancing our Fortrex technology to improve product performance, sustainability benefits and overall value.” Cooper Standard’s Fortrex material is a new class of elastomeric material and the leading-edge technology in automotive sealing material innovations. Through proprietary science, it combines the best attributes of EPDM (ethylene propylene diene monomer rubber) and TPV (thermoplastic vulcanisate) materials, while eliminating their negative characteristics. As a result, Fortrex is 30% lighter than traditional EPDM materials and 10% lighter than TPV materials, thereby reducing overall vehicle weight and improving vehicle fuel efficiency. In addition, Fortrex provides enhanced performance with low hysteresis loss (high elasticity) and offers improvements in compression set, durability, UV resistance and aesthetics compared to traditional materials. The novel materials platform is an environmentally friendly material with a carbon footprint 53% lower than traditional EPDM, low VoC, (volatile organic compounds) and no harmful nitrosamine or plasticizers. “With a very experienced and critical judging panel and a strict set of judging criteria, entrants faced an extremely high bar to qualify for an award in 2022,” says Sarah Roberts, Environment + Energy Leader publisher. The Environment + Energy award represents the fourth time the Fortrex materials platform has been recognized for its game-changing impact. The materials innovation previously won an Automotive News PACE (Premier Automotive Suppliers' Contribution to Excellence) Award – often referred to as the "Academy Award for Innovation" in the automotive industry – in 2018, was a finalist for the SPE (Society of Plastics Engineers) award and won the General Motors’ Overdrive Award in the category of Sustainability in 2021. For more information about the Fortrex material, please visit: http://www.cooperstandard.com/products/material-compounding-licensing/fortrex About the Environment + Energy Leader Awards For the past decade, the Environment + Energy Leader Awards have celebrated excellence in the world of environmental, sustainability and energy management. Award winners are truly buzz-worthy, and companies that sport a Top Project or Top Product of the Year Award badge are known to be the best of the best. When other companies are seeking a sustainability or energy management solution, they know that E+E Product of the Year Award winners offer a significant group of products, vetted by experts, to peruse for help in making their decisions. Project of the Year Award winners are known to illustrate how sustainability and energy management projects can successfully help other companies improve the bottom line. 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. # # # CPS_G Contact Details Chris Andrews +1 248-596-6217 candrews@cooperstandard.com Company Website http://www.cooperstandard.com/

July 19, 2022 08:30 AM Eastern Daylight Time

Image

News Release

GKN Powder Metallurgy Enters Permanent Magnets for Electric Vehicles Market

GKN Powder Metallurgy

GKN Powder Metallurgy (GKN PM) announces its roadmap to expand share in EV by entering into production of permanent magnets for the European and North American markets. The company is uniquely positioned as a world-leading manufacturer of metal powders and parts, leveraging its extensive experience in supplying the automotive industry, its existing OEM partnerships, its established manufacturing processes, and its global local-to-local production footprint. Significant investment is being planned to establish a capacity to produce up to 4,000 tonnes of permanent magnets per year for the EV market by 2024. GKN Powder Metallurgy (GKN PM), the world’s leading provider of powder metal solutions, today announced its commitment to enter the permanent magnets for the electric vehicle (EV) market, in response to the supply challenges the industry is facing. GKN PM is perfectly positioned to meet the ever-increasing demand for a stable, local supply of permanent magnets, which are a vital component of EV motors. GKN PM possesses unrivalled automotive experience, and as a trusted supply and innovation partner to automotive OEMs and Tier 1 suppliers has witnessed first-hand the supply-chain challenges arising from the exponential growth of the EV market. Using its industry expertise, existing production processes, and manufacturing capabilities in North America and Europe, GKN PM will bring much needed stability in the manufacturing of permanent magnets. Significant progress in product development has been made and the business is now entering the phase of industrialisation planning. A dedicated Magnets project team, bringing together multidisciplinary experts, operates out of the company’s Innovation Centres for metal powders (in Cinnaminson, USA) and for sinter metal manufacturing (in Radevormwald, Germany). Diego Laurent, CEO at GKN PM, comments: “The key driver behind this strategic decision is our understanding of the challenges facing the automotive industry today and tomorrow. The stability in manufacturing is an ongoing concern, but with our expertise, scale, and reputation, we can provide a robust solution. As a trusted provider of metal powders and components for the industry, we already have a scalable production footprint. We will leverage our well-established processes and capabilities to align these with the requirements of permanent magnet production. Automakers are looking for a reliable, local supply. We aim to have in place the capacity for 4,000 tonnes of permanent magnets by 2024, which will see us become a key player in driving the future of the electric mobility market.” Underpinning the move into the permanent magnets for EV market is GKN PM’s business-wide commitment to sustainability. With ambitious environmental targets in place, including achieving net zero greenhouse gas emissions in all operations worldwide by 2050, the company is contributing to a more responsible and sustainable future for all. For further information regarding GKN PM's capabilities in the permanent magnets for EV market, visit gknpm.com/magnets. ### Ends ### About GKN Powder Metallurgy GKN Powder Metallurgy is solving complex challenges in automotive and industrial markets with sustainable and innovative solutions through best-in-class powder metallurgy technology. The company is a world-class supplier for powder metal materials, components, applications, and electric motor solutions. GKN Powder Metallurgy comprises three focused businesses under one brand, consisting of GKN Powders/Hoeganaes, GKN Sinter Metals, and GKN Additive/Forecast3D, to provide material development, high-precision powder metal solutions, and 3D printing in plastic and metal. The company is committed to sustainable goals by providing leading powder metal expertise, innovative engineering, and extensive process experience to transform ideas into production. Together, GKN Powder Metallurgy empowers over 6,600 innovative thinkers in 29 locations, setting its global engineering network at the highest standard. gknpm.com | LinkedIn Contact Details GKN Powder Metallurgy Christiaan Klaus, Marketing Manager - Europe christiaan.klaus@gknpm.com

July 19, 2022 05:45 AM Eastern Daylight Time

FeganScott Announces Investigations into Potentially Deadly Safety Defects Found in Certain Ford and Lincoln Vehicles

FeganScott

FOR IMMEDIATE RELEASE - July 18, 2022 NEW YORK – Today consumer-rights law firm FeganScott announced it has launched two investigations into Ford Motor Company (NYSE:F) on behalf of vehicle owners and lessees of 2021 Ford Expedition, 2021 Lincoln Navigator, 2013-2019 Ford Escape, 2013-2018 Ford C-Max, 2013-2016 Ford Fusion, 2013-2021 Ford Transit Connect, and 2015-2018 Ford Edge vehicles relating to safety defects placing consumers at risk of injury or death. One of the potential defects, found in 2021 Ford Expeditions and 2021 Lincoln Navigators, can lead to spontaneous engine compartment fires. Ford informed the National Highway Transit Safety Administration (NHTSA) that fires can start while vehicles are in operation or parked with the engine off. Ford has issued a recall for these vehicles, but FeganScott urges drivers to take caution. “What we find particularly troubling is that Ford still hasn’t offered a fix for the problem, rather telling owners to park their vehicles away from structures in case they burst into flames,” said Elizabeth Fegan, managing member of FeganScott. “This is a completely inadequate response to a defect that has significant safety implications to consumers.” In its NHTSA filings, Ford disclosed 16 instances in which the Ford vehicles named in the recall have caught fire. “I am confident that the number of fires is likely higher, but the lack of awareness around the issue accounts for the under-reporting,” Fegan added. Fegan noted that Ford owners who have not had their vehicles combust should also be concerned given the unaddressed risk of future fires, as well as the economic impact of the issue. “We’ve seen this time and time again: the resale value of cars with tarnished safety records can plummet, economically injuring every single vehicle owner.” The firm is also investigating a second safety-related recall of 2013-2019 Ford Escape, 2013-2018 Ford C-Max, 2013-2016 Ford Fusion, 2013-2021 Ford Transit Connect, and 2015-2018 Ford Edge vehicles. This defect concerns issues with a transmission cable that can detach, resulting in the vehicle rolling away without warning and leading to dangerous collisions. Indeed, similar rollaway defects have resulted in the death of passengers. “Ford has been aware of the defective components installed in these vehicles for many years yet has failed to timely inform drivers or offer a sufficient remedy,” said Fegan. “Ford must be held accountable for its decisions that place millions of people at risk.” The firm continues to investigate these defects, which may be present in other Ford vehicles and model years. Owners and lessees of the vehicles in question are urged to contact FeganScott at Ford@feganscott.com to learn more about their rights under the law. ### About FeganScott FeganScott is a national class action law firm dedicated to helping victims of consumer fraud, sexual abuse, and discrimination. The firm is championed by acclaimed veteran class action attorneys who have successfully recovered $1 billion for victims nationwide. FeganScott is committed to pursuing successful outcomes with integrity and excellence while holding the responsible parties accountable. Media Only: feganscottpr@firmani.com About FeganScott FeganScott is a national class action law firm dedicated to helping victims of civil rights violations, sexual abuse, sexual harassment, and consumer fraud. The firm is championed by acclaimed veteran, class action attorneys who have successfully recovered $1 billion for victims nationwide. FeganScott is committed to pursuing successful outcomes with integrity and excellence while holding the responsible parties accountable. Contact Details Mark Firmani feganscottpr@firmani.com Company Website https://feganscott.com

July 18, 2022 01:38 PM Pacific Daylight Time

Unocoin Collaborates With CleverTap to Offer Its Users Omnichannel Customer Experiences

CleverTap

CleverTap, the modern, integrated retention cloud, today announced it has partnered with Unocoin, India’s first crypto exchange, to optimize, accelerate their user engagement, and provide a seamless omnichannel customer experience. Through this collaboration, and by integrating CleverTap’s solution into its app, Unocoin is now equipped to better understand user behavior and has the ability to create segments based on user activity, demographics, and other parameters. Unocoin will also be able to create hyper-personalized campaigns to engage with its audience across multiple channels at the right time with precise communication. “As a platform that helps individuals with investments into cryptocurrencies, we need to be cognizant of the exact needs of our users. Understanding a customer’s behavior on our app becomes vital as this helps us provide a tailored experience. Since awareness and understanding of cryptocurrencies at large is at a nascent stage, delivering precise communication becomes all the more important,” said Suhas SK, Senior Vice President - Marketing, Unocoin Technologies Private Limited. CleverTap enables Unocoin to keep track of app activity, in-app purchases, and returning users. Unocoin will also be able to personalize customer experience using real-time behavioral data with precise predictive recommendations, leading to engagement opportunities based on each user’s exact needs. “We are delighted to partner with Unocoin in their journey to make investing in cryptocurrency easy for all. With CleverTap Retention Cloud, Unocoin will be able to hyper-personalize the experience for every investor. Today, hyper-personalization is crucial at every point in a customer’s journey and is a key enabler to growth. We are confident that with our help, Unocoin will be able to grow and offer its customers exactly what they need,” said Vikrant Chowdhary, Chief Growth Officer, CleverTap. About CleverTap CleverTap is the modern, integrated retention cloud that empowers digital consumer brands to increase customer retention and lifetime value. CleverTap drives contextual individualization with the help of a unified and deep data layer, AI/ML-powered insights, and automation enabling brands to offer hyper-personalized and delightful experiences to their customers. 1,200+ customers in 60+ countries and 10,000+ apps, including Gojek, ShopX, Canon, Mercedes Benz, Electronic Arts, TED, Jio, Premier League, TD Bank, Carousell, Papa John’s, and Tesco, trust CleverTap to achieve their retention and engagement goals, growing their long-term revenue. Backed by leading venture capital firms, including Sequoia, Tiger Global Management, and Accel, the company is headquartered in Mountain View, California, with offices in Mumbai, Singapore, Sofia, São Paulo, Bogota, Amsterdam, Jakarta, and Dubai. For more information, visit clevertap.com or follow on LinkedIn and Twitter. About Unocoin Started in 2013, Unocoin is a Bangalore-based technology startup and is India’s first entrant into the bitcoin industry. The company operates India’s largest (in Indian customer base) BTC-INR trading platform which enables Indians to buy, sell, store, use, and accept bitcoin. At its peak, Unocoin processed transactions worth more than INR 2B per month for its 1,300,000+ customers. The startup has been featured among the Top 20 companies in The Fintech20: India List, and have won prestigious titles like ‘The Golden SABRE award’ in financial communications for the project, ‘Bit-by-Bit: Building Bitcoin in India’ and ‘TECH30’ award from YourStory.For more information, visit https://www.unocoin.com/in Forward-Looking Statements Some of the statements in this press release may represent CleverTap's belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could amount in the actual result being absolutely different from the results anticipated by the statements mentioned in the press release. Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages. Contact Details Sony Shetty sony@clevertap.com Company Website https://clevertap.com/

July 14, 2022 04:12 AM Eastern Daylight Time

‘Ready for Ron’ Releases Research Illustrating Growing Positive Sentiment for DeSantis

Ready for Ron

Today, Ready for Ron, a draft committee encouraging Florida Governor Ron DeSantis to run for President, released research it commissioned from Impact Social showing growing support for Governor DeSantis. The report shows positive sentiment for Governor Ron DeSantis grew 8 points from an earlier analysis released last week. Impact Social researchers analyzed the publicly available social media discussion in relation to Ron DeSantis and Donald Trump among swing voters from June 15 to June 29, 2022. Additional reports are expected every two weeks. Previous reports can be found here. “We carried out detailed language analysis of US social media discussions back to May 2016 to capture social media users into a database of 40,000 swing voters,” explained Phil Snape, Director at Impact Social. “With 40,000 participants, we are operating what is likely the world’s largest focus group – as big as a Football stadium.” The summary of Impact Social’s second report states: The last fortnight has been a productive period for Ron DeSantis which has seen his net sentiment jump 8 pts (-14 to -6) among floating voters. Within the positive conversation (+2pts 19 to 21), those hoping to persuade DeSantis to run for president will be delighted to see the leading topic within this discussion is how they prefer DeSantis to Trump (33%). It is worth emphasizing these opinions are posted without coercion or provocation. These floating voters are merely stating online how they favor the younger man as their next president. A small percentage (4%) are even outing themselves as Democrats before volunteering their support should DeSantis stand. Intriguingly, there is a feeling among his supporters that a sense of momentum is developing around his potential presidential candidacy. They speak excitedly about a poll in NH, an ‘endorsement’ by Elon Musk or simply muse that DeSantis’ ‘is where the smart money is’, that ‘Dems want Trump because they can’t beat DeSantis’ or that Fox will happily anoint him as leader of the GOP when the time arises. A downward trend in the number of negative posts against DeSantis (-5pts 33 to 27) will be welcomed by his camp. Yet their boss continues to take hits from across the political spectrum as some GOP voters see him as too right wing and pine for a leader dedicated to smaller government. That said, the majority of criticism stems from the left who see DeSantis as an overbearing authoritarian. They use DeSantis’ recent decision not to order Covid -19 vaccination for FL kids as a prime example of what he is capable of. This, together with perceived attacks on LGBT rights and support for gun laws increases anxiety among the left many of whom see him as a danger to America. All of which, given the ideological standpoint of the authors, might be music to DeSantis’ ears. “We are excited to see our efforts are paying off. Support for Ron DeSantis continues to grow. While we expect the attacks to increase, we are delighted his support base is increasing too,” explained Ready for Ron legal counsel and spokeswoman Lilian Rodríguez-Baz. “We are hoping to build one of the biggest grassroots movements ever, and with support growing like this, it will happen even more quickly than we anticipated.” Ready for Ron continues its TV and online advertising efforts to engage Americans to sign the petition at ReadyForRon.com to Draft Ron DeSantis to run in 2024. While ‘Ready for Ron’ is completely unaffiliated with the DeSantis campaign per federal regulations, it has taken the novel step of submitting a formal Advisory Opinion Request to the FEC seeking to share its growing supporter list with Governor DeSantis if the Draft succeeds and he announces his candidacy. Impact Social is a specialist social media, online monitoring, and analysis company. It uses big data software to track over 60 million online sites including Twitter, Facebook, all blogs, forums, and news websites. Whatever is said publicly, in the media or online it can follow live, 24/7 in 44 different languages. This is where reliance on algorithms ends. Once the data has been received its in-house experts read and analyze the content - often amounting to 1,000’s of individual posts. Impact Social’s unique methodology ensures unrivalled accuracy to show what has been said and its impact. Impact Social is the only company in the world providing this level of analysis. ### For more information or to schedule an interview with ‘Ready for Ron’ legal counsel, Lilian Rodríguez-Baz, or an Impact Social spokesperson, please contact Dan Rene at 202-329-8357 or dan@readyforron.com Contact Details Dan Rene +1 202-329-8357 dan@readyforron.com Company Website https://www.readyforron.com/

July 11, 2022 10:17 AM Eastern Daylight Time

Volatus Aerospace Chairman Joins The Hague Court of Arbitration for Aviation

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is proud to announce that Ian McDougall, Chairman of the Volatus Aerospace Board of Directors, has accepted the invitation of The Hague Court of Arbitration to join their Aviation Advisory Board. Located in The Hague, Netherlands and administered by the Netherlands Arbitration Institute, THE HAGUE COURT OF ARBITRATION FOR AVIATION is a non-profit and modern specialized court of arbitration and centre for mediation for the global aviation industry. Its mandate is to provide practical and flexible arbitration and mediation solutions in accordance with international best practices, tailored to the needs of the commercial and private aviation sectors and focused on ensuring enforceability in over 160 countries pursuant to the New York Convention. “Ian will contribute deep aviation expertise and market awareness in both traditional aviation and the rapidly emerging drone sector,” said Glen Lynch, CEO of Volatus Aerospace. “We’re proud of his involvement in this important and prestigious legal initiative.” “It’s an honour to be invited to participate on the Aviation Advisory Board for The Hague Court of Arbitration,” said Ian McDougall. “I look forward to the important work ahead.” About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, Latin America and most recently in Europe. 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

July 07, 2022 11:38 AM Eastern Daylight Time

Image

Foresight Enters MOU for Joint Development of Autonomous Solutions in Shandong Province, China

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 memorandum of understanding (MOU) with Shandong Industry Research Information and Artificial Intelligence Integration Research Institute Co., Ltd (“Shandong Research Institute”), a professional research institute wholly owned by Shandong Industrial Technology Research Institute, and Beidou Jingzong Technology (Shandong) Co., Ltd (“Beidou Tech”), a company mainly engaged in the research of high-precision seamless positioning, real-time accurate regeneration of scene targets, and control of scene target position. The MOU establishes the joint development of an obstacle detection system and all-weather, high-precision positioning for unmanned vehicles based on multi-sensor fusion. The new system will combine Foresight’s stereoscopic technology (using both visible light and thermal cameras), radar, and the laser scanning technology LiDAR, as well as Beidou Tech’s vehicle navigation and positioning system. The collaboratively produced system will aim to provide vehicle manufacturers with multi-sensor intelligent navigation to deploy in smart transportation, active safety automotive systems, and unmanned driving. The resulting system is intended for use in autonomous vehicles, trucks, passenger cars, and other vehicles in Shandong Province, China. Furthermore, the Chinese parties applied for the endorsement and financial support of the province to underwrite and otherwise advance the project. Meanwhile, the parties intend to negotiate a definitive agreement to develop the above-mentioned system and to establish a joint venture in Shandong. This MOU follows several projects in China reported by Foresight over the past year and supports the Company’s strategy to expand its presence in China and become a dominant player in the Asia-Pacific automotive market. 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 proposed joint development of an obstacle detection system and all-weather high-precision positioning for unmanned vehicles based on multi-sensor fusion, the intended design of the system and that the system is intended for integration into autonomous vehicles, trucks, passenger cars, and other vehicles in Shandong Province, China, that the Chinese parties applied for financial support of the province of Shandong to finance and otherwise advance the joint development and that the parties intend to negotiate a definitive agreement to develop the above-mentioned system and intend to establish a joint venture in Shandong. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F filed with the Securities and Exchange Commission ("SEC") on March 31, 2022, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

July 07, 2022 08:20 AM Eastern Daylight Time

1 ... 81 82 83 84 85 ... 142