News Hub | News Direct

All Industries


Article thumbnail News Release

Volatus Aerospace Corp. Announces Grant of Stock Options

Volatus Aerospace Corp.

Volatus Aerospace Corp., (“Volatus” or the “Company”) today announces that it has granted an aggregate of 1,440,000 incentive stock options to a total of nineteen management personnel of the Company. Each stock option entitles the holder to purchase one common share of the Company for an exercise price of $0.36 at any time until June 27, 2027. Twenty-five percent (25%) of the stock options shall vest on the first anniversary of the date of grant and in equal quarterly installments over the following three years such that the entire options shall have vested and become exercisable on the fourth anniversary of the date of grant. The granting of these options is subject to the terms of the Company’s stock option plan and its standard form of the stock option agreement, in addition to any required approval of the TSX Venture Exchange. 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

June 24, 2022 04:06 PM Eastern Daylight Time

Article thumbnail News Release

CNH Industrial Takes Part at the FAO-CEMA Signing Ceremony

CNH Industrial

Sustainable agricultural mechanization must be a common priority to address food insecurity around the globe. CNH Industrial wants to collaborate in this transformation process and do their part in helping farmers to build a sustainable business. As a Member of the Strategic Committee of CEMA - European Agricultural Machinery Association – CNH Industrial is very proud to have taken part at the FAO -CEMA Signing Ceremony for the renewal of their Memorandum of Understanding held in Rome, Italy on June 9. Giulia Catini, CNH Industrial’s Institutional Relations Representative has given a speech in the session “ Perspectives on the role of agricultural machinery for achieving SDGs ”, focusing on the UN SDGs that are most relevant for the Group: end hunger, achieve food security and improved nutrition, and promote sustainable agriculture. CNH Industrial, together with CEMA, confirms itself actively involved in the reduction of carbon footprint. View additional multimedia and more ESG storytelling from CNH Industrial on 3blmedia.com

June 24, 2022 04:00 PM Eastern Daylight Time

Image
Article thumbnail News Release

Nick Karos to Present at H.C. Wainwright 1st Annual Mental Health Conference

Universal Ibogaine Inc.

Calgary, AB – TheNewswire - June 24, 2022 – Universal Ibogaine Inc. (TSXV:IBO ), ( OTC:IBOGF ) and ( FSE:JC4) (“ UI ” or the “ Company ”) a life sciences company with a mission to transform addiction treatment using medicalized ibogaine and a global licensing model is pleased to announce that Nick Karos, CEO will present at the H.C. Wainwright 1 st Annual Mental Health Conference: Neuropsychiatry, Psychedelics and Beyond.  The event is a hybrid online and in person event scheduled for June 27, 2022.   About H.C. Wainwright H.C. Wainwright & Co is one of the oldest and most trusted names in corporate finance in the USA providing investment banking, corporate advisory, research, and analysis covering sectors including Healthcare & Life Sciences, Mining, Cleantech, Shipping & Maritime and Technology. H.C. Wainwright hosts a robust calendar of conferences and events in the Healthcare sector.  More information and registration for the 1 st Annual Mental Health Conference can be found here. Nick Karos CEO of Universal Ibogaine commented “H.C. Wainwright is a leader in the space and could be a strong strategic partner in our ongoing corporate finance roadmap.  The opportunity to tell our story to this audience is another important step in developing the awareness around brand and offering. Correction Notice June 13 Blue Digital Media        In UI’s June 13, 2022 News Release it was stated that stock options to be granted to investor relations advisory firm Blue Digital Media would vest one-third at the end of each month in the 3 month term of service.   Under TSXV Exchange Policy 4.4 Security Based Compensation, stock options for investor relations firms must vest quarterly over a 12 month period with the first vesting for 25% of the options at 3 months,25% at 6 months, 25% at 9 months and the final 25% at 12 months. About Universal Ibogaine Inc.   UI is a life sciences company, with a mission to transform addiction treatment using medicalized ibogaine through a planned Canadian clinical trial focused on opioid use disorder, and ultimately to utilize that protocol globally through planned future licensing agreements.     UI is concurrently developing a state of the art holistic addiction treatment protocol at its Kelburn Recovery Centre that, when paired with the planned ibogaine detox protocol, is intended to revolutionize the way we treat addiction and drastically improve the lives of individuals and families affected by addiction.      NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.    CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS    ‎ This news release may contain forward-looking statements and information. Forward-looking information is frequently characterized by words such ‎as "plans", "expect", "project", "intend", "will", "believe", "anticipate", "estimate", "scheduled", ‎‎"potential", or other similar words, or statements that certain events or conditions "may", "should" or ‎‎"could" occur.  The forward-looking statements and information are based on certain key expectations ‎and assumptions made by UI.  Although UI believes that the expectations and assumptions on which the forward-‎looking statements are based are reasonable, undue reliance should not be placed on the forward-‎looking statements because UI can give no assurance that they will prove to be correct.    Since ‎forward-looking statements address future events and conditions, by their very nature they involve ‎inherent risks and uncertainties. Actual results could differ materially from those currently anticipated ‎due to a number of factors and risks, which include, but are not limited to, risks that required ‎regulatory approvals are not obtained. The reader is cautioned that assumptions used in the ‎preparation of such information, although considered reasonable by UI at the time of ‎preparation, may prove to be incorrect and readers are cautioned not to place undue reliance on ‎forward-looking information, which speaks only to conditions as of the date hereof.  UI does not ‎undertake any obligation to release publicly any revisions to forward-looking information contained ‎herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence ‎of unanticipated events, except as may be required under applicable securities laws. ‎   For further information:    Investor Relations: Dugan Selkirk, IR Manager   dugan.selkirk@universalibogaine.com   Related Links   https://universalibogaine.com

June 24, 2022 03:43 PM Eastern Daylight Time

Image
Article thumbnail News Release

International Paper Featured on Upcoming Episode of Mike Rowe's “How America Works”

International Paper Company

MEMPHIS, Tenn., June 24, 2022 /3BL Media/ - Mike Rowe’s How America Works showcases the country’s most essential industries, including one of America’s oldest professions: the pulp and paper industry. Renewable fiber is used in hundreds of products people depend on every day, including pulp that goes into baby diapers, feminine care, adult incontinence and other personal care products that promote health and wellness. For a behind-the-scenes look at how it all works, International Paper’s Columbus, Miss., mill welcomed Rowe’s film crew to spend a day in the life of our team members. “We’re excited to have Mike Rowe share our team’s passion – not only for what we do – but also for how we do it,” said David Phillips, International Paper, mill manager, Columbus Mill. “Our business depends on the sustainability of forests. More than that, we know that our employees, investors and customers care about how we produce our products. Our focus on health and safety, customers, sustainability and quality makes our employees feel good about doing their job.” The episode will spotlight the day-to-day activity of International Paper’s dedicated employees as they help to provide some of the biggest companies in the world with products made from renewable resources. Three International Paper employees will be featured in the episode: Janice Buckhalter, operations technician; Bo Dyer, shift technician; and David Phillips, mill manager. Together, these three employees have more than 90 years’ experience in the pulp and paper industry. The episode will air on Fox Business on Monday, June 27 at 8 PM EDT. About International Paper International Paper (NYSE: IP) is a leading global supplier of renewable fiber-based products. We produce corrugated packaging products that protect and promote goods, and enable worldwide commerce, and pulp for diapers, tissue and other personal care products that promote health and wellness. Headquartered in Memphis, Tenn., we employ approximately 38,000 colleagues globally. We serve customers worldwide, with manufacturing operations in North America, Latin America, North Africa and Europe. Net sales for 2021 were $19.4 billion. Additional information can be found by visiting InternationalPaper.com. ### Contacts: Media: Amy Simpson, 901-419-4964 View additional multimedia and more ESG storytelling from International Paper Company on 3blmedia.com

June 24, 2022 03:00 PM Eastern Daylight Time

Article thumbnail News Release

Priceline’s Guide to Saving on Summer Travel Amid Rising Prices

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/_VGcIiLWW9E This summer is looking to be a record travel season. Schools are out, families are planning trips, friends are set for adventure, and after the last two years of travel limitations, the demand, and prices, for travel are high. So, how can you plan a summer vacation at a price you can afford? As summer approaches and return to travel is top of mind, Priceline is a valuable resource to ensure that you are getting the best deals possible. Priceline is a one-stop-shop, with deals across hotels, flights, rental cars, cruises and packages, offering the opportunity to book travel with ease and find great travel deals for every budget. The past couple of years people were looking for outdoor and open spaces. But this summer, big cities are back. People are ready to socialize again, and big cities offer the culture, the entertainment, and dining experiences that they are craving. Cities like Las Vegas, Orlando, New York, Chicago, and Seattle are among the most popular destinations domestically for summer travel. Internationally, Europe is the hot spot for Americans - with London, Paris and Rome topping the most popular lists. Priceline is kicking-off their annual two-week Summer Sale with discounts on thousands of hotels and coupons ranging from $20-$100 off. Priceline has a great rewards program called Priceline VIP - it’s free to join and you start saving immediately after signing up with instant discounts on your next trip. You also get a coupon after each completed trip for even more savings. The more you book, the more you save. On average, VIP Members' savings are 50% higher than non-members when booking hotels. Priceline also just announced a new benefit of the program called VIP Family, which will help you unlock savings 3x faster. Each member maintains their own private account, and this new feature allows up to three users to pool status by creating a VIP Family. Now when any of you complete a trip, your totals are tallied into one status level, helping families gain a higher status and unlock more benefits, faster. For more information, visit PRICELINE.COM/VIP Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

June 24, 2022 02:00 PM Eastern Daylight Time

Video
Article thumbnail News Release

A Decade of Pride: PNC's Work With the Human Rights Campaign

PNC Financial Services Group

For the past decade, PNC has received recognition as one of the “Best Places to Work for LGBTQ Equality" by the Human Rights Campaign (HRC). It is a distinction rooted in the bank's longtime work with HRC that has resulted in inclusive policies, as well as its own commitment to provide a fair and equitable environment for members of the LGBTQ+ community. The Measure of Success Each year, the HRC Foundation measures progress related to LGBTQ+ workplace inclusion through its annual Corporate Equality Index (CEI) – a benchmarking tool that assesses and promotes employer policies, best practices and benefits relevant to LGBTQ communities. Companies scoring 100 on the survey are recognized among the “Best Places to Work for LGBTQ+ Equality. “Building an inclusive culture is a journey, and we're committed to fostering an environment of safety and trust," says PNC Chief Diversity Officer Gina Coleman. “I think PNC's position on diversity, equity and inclusion is well aligned with the advocacy and policy work that the Human Rights Campaign conducts, and we will continue our efforts to implement LGBTQ+ policies and practices that supportmembers of those communities. By using HRC's CEI guidelines, businesses can help ensure their existing policy and benefits infrastructure is inclusive of LGBTQ+ employees and their families. Contributing to Proud Communities PNC works to cultivate an environment of inclusion in the workplace and beyond in many different ways. PNC Proud, the bank's employee business resource group for LGBTQ+ employees and allies, boasts 12 chapters across the bank's footprint that not only contribute to the work culture, but to the communities in which they work and live. That includes event sponsorships that celebrate and support LGBTQ+ members and initiatives. Several recent charitable event sponsorships include: Atlanta Pride (Atlanta Pride Committee) Out!Raleigh Pride (LGBT Center of Raleigh) North Jersey Pride's 2020 Pride Season (North Jersey Pride Inc.) Stonewall Columbus Pride March and Festival (Stonewall Columbus Inc., Ohio) PNC also has worked with organizations such as the Reaching Out MBA, Out and Equal and Lavender Law for advocacy, mentorship and recruitment. PNC attorneys have also volunteered their time through the Name Change Project. Valued and Protected Before PNC began working with HRC, it worked with state and local organizations around the country against legislative efforts to restrict the rights of LGBTQ+ individuals. “We obviously advocate on behalf of fundamental banking, legislative and regulatory issues, but we also engage as an active member of the communities we serve. Sometimes that leads us to issues of advocacy, whether it's issues important to our employees or the broader communities in which we live and work," says Thomas Lamb, senior vice president and managing director of government affairs at PNC. “For at least a decade, we've worked with HRC to support vital legislation across the country that protects members of the LGBTQ+ community. We hope the end result is that every individual will feel valued and protected." As an HRC national corporate partner, PNC has supported the organization's advocacy work around state regulations and became a signatory to the national Business Coalition for the Equality Act, as well as for the Business Statement on Anti-LGBTQ State Legislation. Deeply Personal Work Reymundo Ocañas, executive vice president of Community Development Banking at PNC, has served as an HRC Foundation board member since 2017, but his HRC involvement began shortly after he and his husband married in 2013. “We got married right before marriage equality became the law of the land," recalls Ocañas, who is based in Houston. “We had to travel to New York because the U.S. Supreme Court decision to recognize same-sex marriage wouldn't come until 2015, and Texas didn't allow same-sex marriages. We were able to advocate for our rights through our involvement with HRC." Though impactful progress has been made, Ocañas notes PNC's support for HRC initiatives is key. “It is critical to acknowledge that challenges for the LGBTQ+ community remain," he says. “It is more important than ever to celebrate and embrace the diversity in our country, and the Human Rights Campaign is on the frontlines working to ensure the road to true equality is unobstructed." View additional multimedia and more ESG storytelling from PNC Financial Services Group on 3blmedia.com

June 24, 2022 01:00 PM Eastern Daylight Time

Image
Article thumbnail News Release

Mortgage giant Sun West Up to give away 5 ETH as they introduce blockchain technology during the Game on event June 25th via livestream from Vegas

Sun West Mortgage

Twitter: @SunWestMortgage Sun West CEO and Morgan’s innovator Pavan Agarwal was welcomed by Hall of Famers Terrell ‘TO’ Owens and ‘Ivan’ Pudge Rodriguez as part of the leadership coaching event ‘Game On’. The event showcases the recently developed empathetic technology mortgage product which seeks to achieve unbiased and fair lending and greater equality in the house buying experience with integrated blockchain technology. In tandem, the event will be making a donation to The Autism Community in Action (TACA) based on Total attendees and Livestream viewership count Football and baseball Hall of Fame icons Terrell ‘TO’ Owens and Ivan ‘Pudge’ Rodriguez today will induct leading mortgage originator Sun West’s recently developed empathetic technology product Morgan into the Mortgage Hall of Fame at Resorts World, Las Vegas. Pavan Agarwal, founder, and CEO of Sun West’s technology sister company Celligence, will explain how Morgan will eliminate the stress, anxiety, uncertainty, and the overall risk of the home buying process while broadening, and equalizing access to those from more modest income and credit backgrounds. This latest event will see blockchain technology introduced to the platform with high-value utility. Thomas Smith, CTO has been leading up the project and said, “this is like nothing you’ve seen before”. ‘Game On’ hosts TO Owens and Pudge Rodriguez will provide expert business and leadership coaching drawing from their respective “Hall of Fame” careers in Football and Baseball. The stage will provide an opportunity for Mr. Agarwal to showcase Morgan and how it seeks to make the dream of home ownership a reality to many more people, with Sun West Ambassador Pudge Rodriguez formally welcoming it into the Mortgage Hall of Fame. Acquiring a mortgage has become even harder in recent times, partly driven by high inflation, continually rising property prices, and coupled with many US banks and financial institutions not issuing small-dollar mortgage loans to families with modest incomes and means. When combined with the complexities of the lending process and an unwillingness of many lenders to invest the time and resources on potential customers with non-traditional financial circumstances, there are major obstacles to affordable housing, especially among underserved communities. Mr. Agarwal, in creating Morgan, has committed to address these inequality issues. The traditional process of mortgage applications has typically precluded those with a challenging credit and employment history, and the use of technology, such as Morgan, seeks to level that playing field by considering multiple mitigating factors. By employing artificial intelligence and ‘empathetic technology’ to consider the applicant’s language, emotional state, and other factors, Morgan has already proven to increase mortgage approval rates for those from lower-income with lower-down payment FHA/VA/USDA loans. Pavan Agarwal, CEO of Sun West Mortgage Company, said: “I am thrilled to be welcomed by such inspiring sports icons and leaders like TO Owens and Pudge Rodriguez, and to have Morgan inducted into the Hall of Fame. Their inspiring words and coaching in both the world of business and in everyday life are testament to their stellar careers in Football and Baseball, and their commitment to improving the lives of others is a positive testament to their characters. “Borrowers in underserved communities deserve the opportunity to apply for a mortgage and to present their offers to sellers with the same confidence and dignity as buyers in high-income brackets. At Sun West Mortgage Company, we pride ourselves on ‘The Home of Fair Lending’ and are continually looking to deliver this level of service equally across borrower demographics and profiles. As a firm, we will continue to invest in the creation of transformative technology that will make low-cost financing more accessible and equal than ever before.” About Sun West Mortgage Sun West Mortgage Company dedicates itself to offering stellar service to its customers. To accomplish this, Sun West Mortgage empower its loan officers so that they can find great rates and provide the most fitting loan options for each customer – at amazing speed. Sun West Mortgage's focus on technology has given an edge in the mortgage industry to offer some of the fastest turn times available – so the customer can get into the home of their dreams sooner! Sun West Mortgage is committed to its core values of people, experience, technology, and product. Sun West was founded in 1980 with the perspective of “customers first” and the desire to make the mortgage process easy and stress-free for prospective homeowners. Since then, Sun West services a multi-billion-dollar loan portfolio and is licensed in 48 states, the District of Columbia, Puerto Rico, and the US Virgin Islands. Sun West Mortgage's 41 years of experience have been passed down to everyone here at Sun West through excellent leadership and capabilities. Website: https://www.swmc.com / Event Website: https://swmc.com/gameon Twitter: @SunWestMortgage Contact Details Anonymous Group LTD Press Office press@anonymousgroup.net Company Website https://www.swmc.com

June 24, 2022 12:22 PM Eastern Daylight Time

Article thumbnail News Release

Carbon RX and First Nations Band Together Taking Action on Climate Change

Carbon RX

Regina, Saskatchewan – TheNewswire - June 23, 2022 – Carbon RX Inc. (“Carbon RX”) and First Nations band together on June 21, 2022, i n celebration of National Indigenous Peoples Day in Canada, to announce they have formed a partnership. Canadian-based Carbon RX, an integrated origination, digitization, and carbon credit streaming business, together with First Nations will create unified leadership in reducing carbon dioxide and methane emissions, setting meaningful examples in the combat against climate change. First Nations are taking action on climate change, asserting their environmental sovereignty over their land, providing leadership, and being the driving force in the new carbon economy. “First Nations people have always been keepers of the land.  The time has come to work together to collectively manage our lands and heal the planet. The more we work together the greater our impact will be.  We ARE the original environmentalists.”  Chief George Cote, Cote First Nation. First Nation communities have sovereignty over 150,000,000 acres of land in Canada.  These lands are largely in agricultural production, grasslands and forest, and play a critical role in the sequestration of carbon dioxide from the atmosphere.   While most carbon reduction strategies have been focused on punitive tax penalties, or advanced technology adoption targeted at large carbon emitters, today’s announcement places an emphasis on nature-based solutions to climate change.   “The emergence of the carbon markets offers our communities the ability to use our sustainably farmed agricultural land, pastures, and our trees to create a new revenue stream and support our interest in economic development while allowing Mother Earth to remain our keeper.”  Chief Lee-Anne Kehler, Kawacatoose First Nation. Over 1,500 multi-national companies world-wide have made commitments to reduce their carbon footprint to net-zero, creating a huge demand for nature-based carbon reduction strategies. Canada is positioned to be a global leader in carbon reduction as a result of uniquely large volumes of agriculture and forest lands. “Regenerative land management practices allow more carbon dioxide to be pulled out of the air and locked in the soil offering long-term storage solutions,” explains Marty Seymour, Chief Operating Officer, Carbon RX. “These partnerships represent a giant leap forward for communities and ensures First Nations people are actively engaged in the carbon economy and driving their own environmental sovereignty.” About Carbon RX Carbon RX  is a wholly-owned subsidiary of Delta CleanTech Inc., a publicly traded company ( CSE:DELT; FRA:66C; OTCQB:DCTIF).  Located in Regina, Saskatchewan Carbon RX originates, digitizes and streams carbon credits in agriculture, forestry, and energy.   The organization is anchored with over 15 years of carbon capture technical expertise servicing both domestic and international high fidelity carbon markets. For media inquiries Doug Whitehead Cell: 306-201-7342 E‐mail: Doug.Whitehead@CarbonRX.com Forward Looking Statements This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, which are based upon Delta CleanTech Inc. and Carbon RX current internal expectations, estimates, projections, assumptions and beliefs and views of future events. Forward-looking information can be identified by the use of forward-looking terminology such as "expect", "likely", "may", "will", "should", "intend", "anticipate", "potential", "proposed", "estimate" and other similar words, including negative and grammatical variations thereof, or statements that certain events or conditions "may", "would" or "will" happen, or by discussions of strategy. Forward-looking information include estimates, plans, expectations, opinions, forecasts, projections, targets, guidance, or other statements that are not statements of fact. Specifically, this news release contains forward looking information relating to the future partnership and collaboration between Carbon RX and First Nations, and the ability to effectively reduce carbon dioxide and methane emissions.   The CSE does not accept responsibility for the adequacy or accuracy of this release.

June 24, 2022 12:21 PM Eastern Daylight Time

Image
Article thumbnail News Release

Ørsted and Partners Sign Agreement To Progress Gigawatt-Scale Floating Wind Site in Scotland

Ørsted

Secured during the recent ScotWind offshore wind leasing round, the option agreement secures a seabed lease for a floating wind site of up to 1GW. The project will be located off Caithness, around 50 km east of Wick and is Ørsted’s first large-scale floating wind development project anywhere in the world, as well as expanding Ørsted’s footprint from onshore wind to offshore wind in Scotland. The proposed floating offshore wind farm will be known as Stromar. The successful bids combined plans to build a skilled workforce and boost the Scottish supply chain, developing Scotland as a global hub for floating offshore wind technology, along with establishing a new model to ensure communities benefit from offshore wind. Duncan Clark, Head of Region UK for Ørsted said: “Our existing offshore wind farms have transformed the areas where we operate – strengthening local supply chains and providing people with new jobs and skills that really make an impact on people’s lives. We now look forward to bringing our expertise to floating wind for the first time and bringing those same benefits to Scotland while also providing the clean energy which will be crucial to a net zero future.” The successful bid combined Ørsted’s unparalleled expertise in developing and building more offshore wind projects than any other company in the world with BlueFloat Energy’s focus on developing floating wind projects and Falck Renewables’ strong track record of community engagement in Scotland and global project development. As part of the preparatory work to deliver the projects, research will be carried out with the Scottish Association for Marine Science (SAMS) to investigate the potential effects of floating offshore wind developments on the marine environment. Projects under discussion will examine how fishing interests and offshore wind can work together and study the interaction of fish, marine mammals and seabirds with floating offshore wind farms. Work has already begun with community ownership experts Energy4All on a new framework which will allow residents of Scotland and Scottish communities to share the financial benefits of the offshore wind energy projects the consortium plans to build in the future. A collaboration with Energy Skills Partnership Scotland (ESP) to help train up a skilled workforce in time for construction to begin is also underway. Paul Haines Head of UK Media Relations pauha@orsted.com +44 (0) 7880 149088 View additional multimedia and more ESG storytelling from Ørsted on 3blmedia.com

June 24, 2022 12:10 PM Eastern Daylight Time

Image
12345 ... 1413