News Hub | News Direct

Transportation

Airlines Automotive Electric Vehicles Logistics Maritime
Article thumbnail News Release

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

Article thumbnail 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

Article thumbnail News Release

‘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

Article thumbnail News Release

Why Is This Clean Tech Automotive Company Focusing On Sustainability?

Worksport

Read more about ESG-focused Worksport (NASDAQ: WKSP) here. “We do not inherit the earth from our ancestors, we borrow it from our children.” This Native American proverb is often quoted to emphasize the importance of focusing on the future when making critical decisions: especially when the environment is involved. The choices we make today undoubtedly affect future generations– that’s precisely why it is mentioned throughout North American-based Worksport Ltd. (NASDAQ: WKSP)’s company materials. President and CEO Steven Rossi remains steadfast in this belief–with the history to prove it. For over a decade, the company has innovated in an often antiquated automotive space. Starting out with creating tonneau covers that protect truck beds, Worksport gained its title as the disruptive innovator in this space for the #1 selling vehicle in North America. Worksport has 9 patents, and 19 pending, related to its tonneau covers. The company says it continues to modernize its tonneau offerings to complement improvements in pickup trucks from companies like Ford Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM). Sustainability Focus The world changed drastically since the inception of these initial products: the focus on ESG, renewable energy, and protecting the environment has only increased over the years. For example, the electric truck market alone reached 69,597 units in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 39.7% to 1.4 million units by 2031, according to data provided by Worksport. Understanding this impact, Worksport also focused on offering sustainable solutions for pickup trucks as well: through its company Terravis Energy Terravis Energy: Home, which concentrates on developing and expanding applications for sustainability-focused products. Terravis Energy produces: Hydrogen Fuel Cell Powered DC Fast Chargers Ultra High Performance Cold Climate Heat Pumps Micro and Nano Grids Using hydrogen energy, decarbonized heating and cooling solutions, solar energy, and grid-connected chargers, Terrvis is innovating products that would typically contribute the most emissions to our environment. A Powerhouse Partnership With no signs of slowing down, the company signed an agreement in April with Hyundai Motor Co. (KRX: 005380) to produce prototypes of the Worksport SOLIS and a modified version of its COR energy storage system (ESS) adapted for the Hyundai Santa Cruz vehicle. The prototypes for both models are expected to be presented to Hyundai in October. The SOLIS tonneau cover is solar-powered and enhances battery performance for electric vehicles. This cover is redefining what “unplugged” truly means, helping to generate up to 650+ watts of power charged by the sun. In addition, customers can keep charged all day long with the new COR energy storage device, which has the ability to be used in multiple environments, including for household appliances. The portable battery system aims to revolutionize the meaning of “energy on the go”, powering devices throughout the day, with sustainable battery options, and its user-friendly interface. Product types range from 1500 Wh to 4500 Wh, depending on your use-case scenario. The best part? It can be charged with your standard wall outlet, solar panels, 12V batteries, or SOLIS tonneau cover. Making Good On Promises Worksport has kept it’s word on previous promises, and has delivered on the following initiatives: Initiated its B2C sales strategy with products being launched on Amazon (NASDAQ: AMZN), ebay (NASDAQ: EBAY), and Walmart (NYSE: WMT) By the end of June, the ecommerce site will be up and running at www.shopworksport.com COR is currently being tooled for production and undergoing final UL testing SOLIS is in the final stages of development and production will take place in the new Worksport factory in West Seneca, New York. With all of these recent developments, the key to the future of sustainable automotive products might just rest in the most unlikely of places: the bed of a pickup truck. After all, like Rossi says, “Pickup trucks are more than an industry–they are a lifestyle…and a philosophy.” Worksport Ltd. was founded in 2011 with a passion for making products better, simpler, and more beautiful, bringing innovation to an innovation-less market. Starting as a producer of tonneau covers for pickup trucks in the United States and Canada, Worksport has since evolved to position itself as an innovator in its space. Over the past 5 years, Worksport has been working on its hybrid energy system named TerraVis, a portable solar power generation system capable of forming personal microgrids for pickup trucks. Developing the technology that makes up the TerraVis system is the first step in the Company’s strategy to increase its market share through innovation in the auto forest and clean tech sectors. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Worksport +1 888-554-8789 info@worksport.com

July 01, 2022 09:55 AM Eastern Daylight Time

Article thumbnail News Release

New Report Details How to Reduce Carbon Emissions by 22% in Global Supply Chain by Adopting a Freight Data Exchange Standard

Coalition for Reimagined Mobility

The Coalition for Reimagined Mobility (ReMo), a global initiative created to shape policy and ideas for more equitable and sustainable movement of people and goods around the world, today released a report that details the impact of freight sector data sharing to improve the sustainability and reliability of the global supply chain. The report includes new modeling from the International Transport Forum (ITF), which found that the adoption of an open freight data exchange standard would not only improve operational efficiencies across the supply chain, reducing the unprecedented level of goods stuck at global ports, it will also result in an estimated 22% reduction in carbon emissions by 2050 and eliminate 2.5 billion barrels of oil per year. Freight data exchange standards are open or freely available technical specifications that define how to share critical information to seamlessly facilitate global freight logistics. Standardizing the exchange of freight data will support a transition to widespread software-enabled communication forming the backbone of better stakeholder coordination across the global supply chain. Clean Fuel and Electrification Are Not Enough to Decarbonize the Freight Sector “We need a comprehensive plan of action to decarbonize our global freight sector,” said Mary Nichols, co-chair of the Coalition for Reimagined Mobility. “Business as usual is not an option. As we transition to increasingly lower carbon fuels, vessels and vehicles, we must also rapidly deploy technology solutions that will drive operational efficiencies - and critically needed climate benefits - across the global supply chain.” ReMo partnered with the ITF to use its globally renowned freight emissions model to quantify emissions reductions that could be generated by data exchange to share logistical data in near real-time and streamline the supply chain. The impact is significant, including: A reduction of sea freight emissions by 280 million tons of carbon per year and road freight emissions by 360 million tons of carbon per year; Elimination of 2.5 billion barrels of oil per year; and A 6-percent cost savings per ton-kilometer. A Freight Data Exchange Standard Will Increase Freight System Resilience and Sustainability While Reducing Oil Dependence. Digitalization of the freight sector has lagged as market and regulatory failures have created barriers to change. The time for action is now. The Coalition for Reimagined Mobility calls on policymakers to take the following steps immediately: Require the use of freight data exchange standards as a condition for accessing ports. Deploy freight data exchange standards that communicates near real-time operational data. Allocate authority to national governments and ports to require the use of freight data exchange standards. Allocate seed funding to ports and industry stakeholders to deploy data exchange standard pilots and projects. Initiate and fund targeted intermodal exchange and smart steaming programs to realize near-term emissions reduction benefits. “The world’s largest shippers and major supply chain players must work together to forge a new path to decarbonization and resilience by embracing digitalization and a globally accepted freight data exchange standard,” said Michael Hynekamp, COO, Wallenius Wilhelmsen ASA. “We, alongside members of the Coalition, are committed to reimagining the freight system in collaboration with private and public organizations around the world. Digital transformation is the way towards our sustainable future.” Visit this link to download the full report. For more information about the Coalition for Reimagined Mobility, and a detailed list of commissioners, please visit: https://reimaginedmobility.org/about/. About the Coalition for Reimagined Mobility The Coalition for Reimagined Mobility (ReMo) is a global effort of industry, government and academic leaders shaping more equitable and sustainable policy solutions that leverage technology to improve the movement of people and goods. As an initiative of SAFE, the Coalition for Reimagined Mobility conducts research and advocacy to advance economically sustainable policies and platforms that prioritize people and the planet. For more information visit, reimaginedmobility.org. About the International Transport Forum The International Transport Forum is an intergovernmental organisation with 64 member countries. It acts as a think tank for transport policy and organises the Annual Summit of transport ministers. ITF is the only global body that covers all transport modes. The ITF is administratively integrated with the OECD yet politically autonomous. Visit www.itf-oecd.org. Contact Details Coalition for Reimagined Mobility (ReMo) Ashley Simmons +1 202-341-9508 asimmons@reimaginedmobility.org International Transport Forum (ITF) Michael Kloth +33 6 15 95 03 27 Michael.KLOTH@itf-oecd.org Racepoint Global Paul Rechichi +1 617-624-3221 CoalitionReMo@racepointglobal.com Company Website https://reimaginedmobility.org/

June 28, 2022 04:07 AM Eastern Daylight Time

Article thumbnail News Release

ENEOS Oil returns to 100th Pikes Peak Race with Tesla Model 3

ENEOS

The 100th running of the 2022 Pikes Peak International Hill Climb on June 26 will mark the fourth year ENEOS has supported the race efforts of Evasive Motorsports and driver Daijiro Yoshihara. ENEOS is Japan’s largest oil company and supplier of motor oil and transmission fluids to the majority of Asian vehicle manufacturers. Through its relationship with the car makers, it introduced an EV Fluid Series last year, which is designed to optimize the efficiency and performance of electric vehicles. And while it might appear unusual for an oil company established in 1888 to compete in the “Race to the Clouds” with a Tesla, it reflects the transition the company is making as transportation evolves. TESLA MODEL 3 In 2019 and 2020, Evasive Motorsports entered an ENEOS-supported 900-horsepower turbocharged Toyota 86 in the Pikes Peak International Hill Climb (PPIHC), which won the Unlimited Class at the second time of asking. However, the team made a radical shift in 2021, abandoning its proven race winner for a Tesla Model 3 Performance. Mike Chang at Evasive Motorsports in Cerritos, CA could see the market changing and knew it was time to embrace the future. But for a racing team and vehicle preparation specialist like Evasive, the Tesla Model 3 presented a number of challenges. In the past, a modified Toyota 2JZ turbo engine allowed them to compensate for the reduced air pressure on the climb to the 14,115ft finish line at the Pikes Peak hill climb. Unable to modify the electric motors in the Turn 14 Distribution / Yokohama Tire / ENEOS / Evasive Motorsports Tesla Model 3 Pikes Peak race car, the team needed to make other changes to prepare for the 12.42-mile sprint, which climbs 4724 feet. With the “Race to the Clouds” incorporating 156 turns, emphasis was placed on the chassis to maintain speed through the corners. New for 2022 are Yokohama slick racing tires. Fitted to prototype 18” Titan wheels, they have EVS discs on the rear to aid cooling for the Brembo Pista brakes. The suspension utilizes advanced KW coilover dampers that allow significant adjustment in compression, rebound and ride height to ensure the tires remain in contact with the road. Sourcing parts for the car was a challenge as very few people have attempted to race the Model 3, yet Evasive was able to find or fabricate new suspension arms, spherical links and joints as well as a new front sway bar. Full details are in the specifications below. Another important aspect was air management, both in terms of aerodynamic downforce and battery cooling. Among the most notable additions are the wider, carbon fiber Artisan Spirits fenders, which accommodate the slick tires and allow a wider track for stability. The Voltex rear wing on the tailgate is also tough to miss; increasing downforce over the rear wheels and working in harmony with the Evasive carbon fiber front splitter and rear diffuser. To improve cooling, airflow and mass, Evasive created a carbon fiber front bumper and vented hood under its EVS Tuning brand to help ensure the motors and batteries don’t overheat. EVS carbon fiber doors, roof, tailgate and rear window were added to further reduce weight, giving the batteries less to haul up the hill. In addition to the vented hood and large duct in the front bumper, cooling has been addressed with rear inlet ducts, a CSF radiator and oil cooler, a NO2 (nitrogen dioxide) sprayer that’s triggered when a preset temperature is reached. For 2022, an EVS Tuning Dual Chiller has been added to keep everything running at the optimum level. The original Tesla electric motors remain in place and Evasive added a Quaife ATB rear differential to help power distribution when Yoshihara exits the 156 turns. “Our first attempt at Pikes Peak with the Tesla in 2021 ended prematurely with a technical problem we were unable to trigger in testing,” Mike Chang from Evasive Motorsports explained. “It’s very difficult to replicate the conditions and load on the vehicle during testing, especially with a new car that presented us with a steep learning curve. However, we’ve worked continuously to address all the areas we can improve and have got a much better understanding of the Tesla Model 3’s strengths and weaknesses. We’re confident the car will be a genuine contender in this year’s Exhibition Class.” In the absence of a dedicated competition class for electric vehicles at PPIHC, the Tesla and other EVs currently compete together in the Exhibition Class. ENEOS EV TECHNOLOGY For its part, the engineers and chemists at ENEOS see the 2022 PPIHC as an opportunity to prove and promote its new EV Fluid Series. The line of dedicated EV fluids has been developed by the same experts who work alongside the majority of leading car makers in Japan and Asia. Currently, ENEOS personnel are working directly with the vehicle manufacturers to create the latest lubricants, continuously improving vehicle efficiency through reduced friction, lower emissions, improved fuel consumption and greater durability. And as the future of automotive development looks towards electric vehicles, ENEOS tasked its development teams to look at alternative fuel vehicle concepts, particularly in terms of lubrication and cooling. The new ENEOS EV Fluid Series is designed specifically to help the world’s EV manufacturers improve vehicle efficiency. It will also be offered in the future to help improve efficiency during routine maintenance, offering a superior alternative to current lubrication and cooling products. The Turn 14 Distribution / Yokohama Tire / ENEOS / Evasive Motorsports Tesla Model 3 Pikes Peak race car is a partner in the development of the new ENEOS EV Fluid Series. Its performance during testing and at the race itself will be closely monitored. Driven under the harshest conditions, the race car will allow the engineers to measure the improvements in terms of lower friction and improved cooling, leading to greater performance and durability on the arduous PPIHC. “We’re excited to return to Pikes Peak with the Tesla Model 3,” said Keisuke Yokochi Yokochi, Chief Marketing Officer for ENEOS USA. “We’re confident Evasive Motorsports has built an incredible race car and know Dai is among the top drivers in the world. Lubricated and cooled by our advanced EV Fluid Series, we’re sure the team has its best chance of winning its class and setting a new record for electric vehicles this year!” DAI YOSHIHARA Having a well prepared, competitive car with the best lubricants and cooling fluids is essential for success, but perhaps the most important element in the ENEOS assault on the 2022 PPIHC is the driver. And for the fourth year in succession, the man behind the wheel is Daijiro Yoshihara; one of the most skilled and adaptable pilots in the world. Although he retired from the Formula DRIFT PRO Championship last year, the 2011 FD Champion was universally recognized as one of the most talented drivers in the series. He’s also a 2020 PPIHC class winner, Time Attack Champion, accomplished GT racer, driver instructor and much more. After Dai has succeeded in every discipline he’s encountered, the Japanese driver will be venturing onto dirt to discover whether he can adapt to truck racing over the next 12 months. And ENEOS will be on his race suit and at his side as we continue to support him for a sixth year of competition. The relationship between ENEOS and Dai goes back a long way. In fact, the Japanese teenager worked at an ENEOS gas station as he started to explore his automotive passion. So, it was only natural we’d come together to continue the journey. The partnership between ENEOS and Dai will look very different in 2022. Rather than focusing on Formula DRIFT, the year’s activities are headlined by the “Race to the Clouds” at the wheel of the Turn 14 Distribution / Yokohama Tire / ENEOS / Evasive Motorsports Tesla Model 3 Pikes Peak. But that’s just the start. ENEOS will also support Dai and Turn 14 Distribution in its Drift Ride Along program, which will allow fans to sit beside Dai as he demonstrates the savage art of drift in his 1000hp Subaru BRZ, which has been refreshed and rebuilt after its punishing competition career. Dai and the BRZ will be appearing at a number of major events throughout the year, and fans who follow ENEOS social media can enter to win a “Ride with Dai.” Additionally, Dai will be making personal appearances in the ENEOS booth at various enthusiast events around the country. The program has already begun and fans should follow ENEOS social media for updates. If you can’t attend in person, don’t worry because Dai is working on a number of exclusive ENEOS videos, which will show fans behind the scenes and keep up with his latest activities. If that’s not enough, ENEOS and Dai are also working together on a SEMA project car, which will be a big departure from some of the incredible machines he’s built to date. “I’m extremely grateful to have the continued support of ENEOS,” Dai told us. “Having worked from the company in Japan, they definitely feel like family at this point. And I’m especially grateful that they wanted to embark on this adventure as I explore new horizons beyond Formula DRIFT. It’s definitely going to be an exciting year and I can’t wait to share it with everybody!” TECHNICAL SPECIFICATIONS Turn 14 Distribution / Yokohama Tire / ENEOS / Evasive Motorsports Tesla Model 3 Pikes Peak Motor / Battery Cooling: CSF Radiators radiator / oil cooler, NO2 (nitrogen dioxide) sprayer, custom hood vent and rear inlet ducts, EVS Tuning Dual Chiller Suspension / Chassis: KW Competition 3 Way coilover suspension, SPL Suspension spherical links, Evasive Motorsports spherical joints and custom front sway bar, MPP front upper A-arms and rear lower arms, Quaife ATB rear differential in modified frame, air jack lift system Wheels / Tires / Brakes: Prototype 18x11” Titan 7 T-P5 forged wheels with Evasive Motorsports rear aero covers, 280/680-18 Yokohama slicks, Brembo Pista racing front brake kit, custom Brembo GTS rear brakes, CSG brake pads, Evasive Motorsports electronic E-brake system Exterior: Artisan Spirits widebody fenders plus carbon fiber aero kit, Evasive Motorsports custom honeycomb carbon splitter and rear diffuser, EVS Tuning front bumper, carbon fiber vented hood and headlight covers, Voltex dry carbon Type 13 1800mm GT rear wing, Evasive Motorsports carbon fiber doors, roof, rear windshield, trunk lid and front air duct, Lexan windows Interior / Safety: Evasive Motorsports FIA-spec rollcage, Evasive Motorsports carbon fiber dashboard, Motec C127 Datalogger/dash display, Sparco carbon/Kevlar QRT-K racing bucket seat, six-point harnesses and steering wheel EDITOR’S NOTE Additional images of the Turn 14 Distribution / Yokohama Tire / ENEOS / Evasive Motorsports Tesla Model 3 Pikes Peak for editorial use are available here: dropbox.com/sh/o8oulhpjwu4q1mn/AADoqpaWNM0xk0ff0hGH6Dgfa?dl=0 You can view or share the Dai Yoshihara: Generations video here: youtu.be/NCJSdk36Bgc ABOUT EVASIVE MOTORSPORTS Established in 2002 and based in Southern California, Evasive Motorsports has been dedicated to the best quality performance parts at very competitive prices. With years of experience in the aftermarket automotive industry, our staff is knowledgeable about the products we sell. We also aim to provide the best customer service possible. Evasive focuses on vehicle balance, not solely on horsepower, as reflected by the wide variety of brands and specific areas of functionality offered on the website. Evasive Motorsports also offers race preparation, wheel alignment, corner balancing, suspension installation and tuning, and general maintenance. The company has track-tested an extensive range of parts, so don’t hesitate to call if you’re looking for recommendations. For more information visit evasivemotorsports.com ABOUT ENEOS Established in 1888 and headquartered in Tokyo, ENEOS is Japan’s largest oil company, with manufacturing and sales facilities throughout the world. With a unique position in its home market, ENEOS has worked with Asia’s automakers and leading race teams for decades, creating advanced lubricants with their vehicle engineers to provide optimum fuel economy with maximum power and long-term protection. ENEOS also recently announced a new line of products for future electric vehicle applications, helping to ensure the newest EV technology is operating as efficiently as possible. For more information, please visit eneos.us Contact Details Satomi Yamashita media@eneos.us Greg Emmerson greg@theidagency.com Company Website https://www.eneos.us

June 21, 2022 06:15 AM Pacific Daylight Time

Image
Article thumbnail Digital Asset Direct

The Connected Devices Making a Splash this Summer

News Media Group, Inc.

Contact Details News Media Group, Inc. Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

June 21, 2022 08:00 AM Eastern Daylight Time

Video
Article thumbnail News Release

Rider takes off with $3.1M seed round to courier Pakistan businesses in to 21st century

Rider

Rider, Pakistan’s first ever logistics start-up to be backed by YC, is building modern logistics for online sellers across the country. In doing so, the start-up has attracted the attention of investors and is today announcing a $3.1M funding with participation from YCombinator and new investors i2i Ventures, Flexport, Soma Capital and Rebel Fund. Existing investors Global Founders Capital, Fatima Gobi Ventures (FGV) and TPL E-ventures also joined the round which included notable angel Arash Ferdowsi (Dropbox Co-Founder). With this seed round, Rider has now raised a total of $5.4m since September 2021. Founded in 2019, Rider has been building a network of sorting hubs, urban delivery centers and a digitized fleet, offering online sellers in Pakistan a next-day ‘Amazon-like’ delivery service. The Rider platform offers route optimisation for delivery agents, live tracking and scheduling for buyers, and a highly digitized warehousing function for sellers. Rider is led by Salman Allana, a former UPS Pakistan exec and the core team consists of former Alibaba, Delivery Hero and Jumo executives. Since their pre-seed investment round in September 2021, monthly revenues have grown 110% and they have doubled the customer base to 650 online sellers. Rider has now successfully completed the delivery of over 3M parcels across 60 cities in Pakistan. Salman Allana, founder and CEO of Rider commented: “We set up Rider because we knew the traditional courier companies in Pakistan were not set up to service the e-commerce market and were failing to capture the online buying trend. The problem is huge, circa $1bn GMV is lost annually due to failed and slow deliveries, but the opportunity is even bigger than that - Pakistan is the 5th most populous country in the world with 70% smart phone enablement yet only 3% of retail sales are currently made online. We’re really excited about the market potential and the impact Rider is already having in supporting business growth across the country.” Rider has plans to enhance the ecommerce marketplace in Pakistan with solutions and infrastructure beyond logistics. Salman Allana added: “Retail is north of a $150B industry. Yet it is stuck in bricks and mortar. Through our platform, one mile at a time, we are enabling the industry to transform and get online and we will offer more in time to come. Moreover, we are opening the industry to more participants and changing the face of it. We are fully behind the mission to enable more than 1 million - primarily female-owned - Instagram/Facebook sellers to trade.” “Pakistan’s payment infrastructure is chasing the growth of ecommerce and logistics capabilities. Well over 95% of all ecommerce orders are cash-on-delivery (COD) which creates operational challenges for last mile and retailers. Rider is addressing this piece of the puzzle with our payment wallet through which we can reconcile work quickly and ensure sellers are reimbursed within hours”. On joining the investment round Kalsoom Lakhani, GP i2i Ventures said: "We are honored to be on this journey with Rider. As the e-commerce industry in Pakistan grows, so will the need for a next generation 3PL player that understands the Pakistani market realities and knows how to build both aggressively but also efficiently. We believe that this player is Rider and have so much conviction in Salman and his vision." Meanwhile, new investor Jared Heyman, Managing Partner, Rebel Fund commented: “Rider is Rebel Fund’s first investment in Pakistan and we’re excited to support their further growth. The company’s founding team and traction to date are impressive, and we believe the Pakistan market desperately needs a sophisticated technology-driven delivery service like Rider.” FGV’s General Partner Ali Mukhtar commented: “There is strong momentum in the ecommerce space in Pakistan, largely driven by the shift in consumer behavior with the increase in 3G/4G penetration across the country. With that, there is immense growth potential for last-mile champions such as Rider who are building the required infrastructure to enable growth in the ecommerce space. We believe in the Company’s tech-first approach and we’re excited to once again support Salman and his team at Rider.” Willem van den Bosch, Investor at SOMA Capital remarked: “We think Rider is uniquely positioned to capitalize on the expansion of eCommerce in Pakistan. Rider's core tech-forward product offering fixes legacy pitfalls that exist in the last-mile fulfillment market today - Rider's B2B2C offering fixes issues with delivery failures, lateness, and broken communication which have hampered expansion of eCommerce previously. We're extremely supportive of the Rider team's ability to execute and expand deeper into the full logistics product stack and continuing to enable eCommerce fulfillment in Pakistan and beyond” About Rider Founded in Karachi in 2019, Rider is a B2B2C service that delivers e-commerce products from online stores and marketplaces to the customers’ doorstep. Operational innovation is core to the team’s mission. Rider exists to continuously reimagine, redesign and rebuild operations that work for emerging markets. For more information please visit https://withrider.com/ or follow the company on: Twitter, LinkedIn, Facebook or Instagram. Contact Details Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://withrider.com/

June 20, 2022 09:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

Shareholder to GM: Disclose Child Slave Labor in Your EV Supply Chain

National Legal & Policy Center

Today, Paul Chesser, Director of the National Legal and Policy Center’s (NLPC) Corporate Integrity Project, presented remarks at General Motors Company’s annual meeting to support a shareholder resolution the ethics group filed with the company. The proposal would have required the report to shareholders the degree to which its business – which has become heavily dependent on rare earth metals mining for its electric vehicle production – is dependent on child slave labor. The full text of Chesser’s remarks are below: I’m Paul Chesser, director of the Corporate Integrity Project for National Legal and Policy Center. I, and my organization, have questioned the wisdom of General Motors’ aggressive pursuit of electric vehicles since the early 2010s, when Chevrolet introduced the nonviable, electric Volt. Even with the benefit of millions of dollars in taxpayer subsidies, Chevy could not make the Volt popular. Now there is renewed fanaticism for electric vehicles from corporate management, the corporate media, and the failed Biden administration. But EVs are no more viable now than they were ten years ago, despite the appearance. The only reason they have incrementally gained any popularity is because of the Biden administration’s attacks on the oil and gas industry. Any product can gain popularity when the government inflicts blow after blow against its primary competition. As a viral video from ten years ago stated, “If I wanted America to fail…I’d make cheap energy expensive, so that expensive energy would seem cheap.” Government is also making this happen by delivering millions of dollars in subsidies for EV charging infrastructure and battery manufacturing, among other market distortions. Americans are furious with this policy, especially every time they refill at the gas pump. Whether you acknowledge it or not, GM is complicit in this disastrous policy that this unpopular administration dismisses as an energy “transition.” You know, the way they dismissed our current inflation woes as “transitory” just a few months ago? Just as the administration and the Fed missed the obvious telltale signs of a longer-term problem, so also is GM’s leadership missing the big picture on EVs, in exchange for a short-term benefit, which will come at the expense of shareholders. Almost certainly you will see a very different-looking, less EV-friendly Congress come November. In fact, you will likely see great hostility towards this so-called energy “transition.” GM may get away with some minimal benefit now, but what you may gain in short-term market share, your propaganda will lose long-term. For example, regarding our shareholder resolution, GM loses the moral high ground on EVs because their components are heavily dependent on metals mined in Third-World countries, many of which are owned or controlled by the communist Chinese, who are among the worst abusers of human rights. Our resolution seeks transparency about GM’s supply chain for eliminating the possibility that child labor is used in mining these metals that are needed for EVs. GM’s response in the proxy is less-than-assuring, by citing things like “codes of conduct,” “statements,” “policies,” and “standards” that suppliers are allegedly required to sign on to. Sorry, but hiding behind bureaucratic jargon is no substitute for first-hand scrutiny and accountability about your supply chain. We urge shareholders to vote for GM to produce more meaningful and transparent information about how its vulnerable supply chain operates. END REMARKS “General Motors, in its aggressive pursuit to mass produce electric vehicles in order to surpass Tesla, has both a human rights problem and a China problem,” Chesser explained. “The company hides behind platitudes and claims that its suppliers must sign ‘promises’ to not use child slave labor in its metals mining, but those are no substitute for direct scrutiny and verification. GM must be more transparent about its supply chain vulnerabilities if it is going to pursue this economically questionable product line.” NLPC has filed more than two dozen shareholder resolutions this proxy season, and appeared at the annual meetings of Berkshire Hathaway, Disney, Coca-Cola, Amazon, Twitter, Meta, and many others. ### Please visit http://www.nlpc.org. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

June 13, 2022 03:59 PM Eastern Daylight Time

1 ... 3031323334 ... 42