News Hub | News Direct

Transportation

Airlines Automotive Electric Vehicles Logistics Maritime
Article thumbnail News Release

US Global Investors discusses airline growth, infrastructure upgrades, and the JETS ETF

HANetf

US Global Investors Chief Investment Officer Frank Holmes discusses the state of the airline industry and the US Global JETS UCITS ETF in an interview with Proactive's Stephen Gunnion. Holmes highlighted the positive growth in the US airline sector and the efforts being made to enhance infrastructure and energy efficiency in airports. He pointed out that significant investments are being made to upgrade facilities, create high-paying jobs, and address the shortage of pilots due to retirements. Holmes also emphasized that the push for energy efficiency is creating a more sustainable and efficient travel experience, aided by technologies such as AI and facial recognition. He noted that upgrades are attracting business travelers, who are experiencing shifts in demographics due to remote work opportunities. The ETF's success is attributed to continuous research and analysis, mirroring the industry's dedication to improved technology and customer experience. The US Global Jets UCITS ETF ‘JETS’ delivers exposure to the global airline industry including airline operators and manufacturers from all over the world. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

August 15, 2023 12:58 PM Eastern Daylight Time

Video
Article thumbnail News Release

TNR Gold Corp highlights "very impressive" intercept from McEwen Los Azules Copper

TNR Gold Corp

TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) Executive Chairman Kirill Klip speaks to Thomas Warner from Proactive London to speak about the latest results from the 2022/23 drill campaign at the Los Azules Copper Gold Project. Klip says that the campaign is yielding exceptional results, including what he calls a "very significant intercept" of 386 m of 0.66% Cu, including 196 m of 0.99% Cu. He highlights the project's backing from major players like Rio Tinto and European automaker Stellantis, which invested over $150 million. He also highlights the focus by Rob McEwen and his team at McEwen Copper on making the Project as green as possible in its design, which includes measures to reduce water usage, to reduce electricity consumption by 70%, and to cut emissions by half compared to previous PEA estimates made in 2017. Klip also touched on potential TNR Gold Los Azules Copper royalty valuation, mentioning that future drill holes demonstrating substantial copper values would further enhance royalty potential. He also reiterates TNR Gold's commitment to maximising shareholder value, as underscored by a share buyback program and a shareholder rights plan. Contact Details Proactive Investors USA +1 347-449-0879 na-editorial@proactiveinvestors.com

August 15, 2023 08:00 AM Eastern Daylight Time

Video
Article thumbnail News Release

EV charging infrastructure stocks still "lingering at low valuations" - Solactive AG

HANetf Holdings Limited

Solactive AG Head of Research Konrad Sippel speaks to Thomas Warner from Proactive about two major developments from the world of electric vehicle (EV) charging infrastructure. He starts by highlighting Toyota's breakthrough announcement on solid-state batteries, projected for commercial use around 2027-2028. These batteries promise a game-changing 1,200km range worth of charge in just 10-minutes - a development that would bring EV charging close to the level of speed and convenience of traditional fossil fuel refilling. He goes on to say that the European Parliament has passed legislation this summer mandating EV fast charging along major highways. Sippel underlines the significance of this move in making EV charging akin to the convenience of petrol stations, allowing spontaneous long trips without extensive planning. By 2026, fast charging stations will be found at least every 60 km. He expresses hope that the two recent developments will help further convince the market of the permanence of the EV revolution, noting that EV charging infrastructure stocks are "still lingering at low valuations." Sippel also addresses synthetic gasoline's potential role, but he views it as a luxury option due to high production costs compared to electricity. He goes on to predict the market will continue to see increasing EV registrations, with the transition from early adopters to mainstream adoption potentially occurring when EVs reach 50% of the market. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

August 15, 2023 06:22 AM Eastern Daylight Time

Video
Article thumbnail News Release

Ilika CEO says Cirtec deal an "absolutely fantastic validation"

Ilika PLC

Ilika PLC (AIM:IKA, OTCQX:ILIKF) CEO Graeme Purdy speaks to Thomas Warner from Proactive after announcing the signing of a 10-year agreement with US complex medical device company Cirtec Medical to provide Ilika's Stereax solid-state batteries. The deal establishes an exclusive relationship with Cirtech for the use of Stereax batteries in medical devices and features an initial period of profit sharing, later transitioning into a royalty on net sales, ensuring mutual benefit. He refers to the deal as an "absolutely fantastic verification and validation" of Ilika's business model. Purdy suggests that despite Stereax's potential suitability for use in sectors such as the Internet of Things, he's always been clear that the initial commercial focus for Ilika during Stereax's early life will be on medical devices. He also mentions what he calls exciting progress with the other side of the business, the much larger Goliath Electric Vehicle (EV) batteries, and signals more positive developments in the future. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

August 07, 2023 08:21 AM Eastern Daylight Time

Video
Article thumbnail News Release

Saietta Group frees up funds ahead of light duty vehicle push

Saietta Group PLC

Saietta Group PLC (AIM:SED) executive chairman Tony Gott and group CFO Steve Harrison speak to Thomas Warner from Proactive about two significant recent developments at the electric drivetrain (eDrive) solutions company. Saietta recently announced changes to its agreement with auto component giants Consolidated Metco (ConMet) that mean Saietta will receive an "immediate cash injection of €3.3mln" and the removal of "around €2mln of cash burn..." in exchange for the assignment to ConMet of jointly-developed intellectual property, machinery and equipment related to the development of an in-wheel generator (IWG) and an in-wheel motor (IWM). Harrison says the money freed up will be put to use on the light-duty side of the business, where he sees excellent growth opportunities. He also says he remains confident that Saietta will meet its stated aim of being EBITDA positive in the first calendar quarter of 2024. Gott goes on to highlight news from the week prior that Saietta has signed a new agreement with a commercial partner, described as “one of the largest OEMs in the Indian light-duty mobility market”, which sets up an opportunity to distribute some 60,000 EV drive chain units over a potential 5-year period. The agreement covers an anticipated third line of electric vehicles with its existing Indian client, and, follows a previously announced client partnership, which was set up to support product development and industrialisation of electric vehicle (EV) drive systems and their associated electronics. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

August 07, 2023 08:07 AM Eastern Daylight Time

Video
Article thumbnail News Release

Cepton discusses national security and cybersecurity concerns in LiDAR industry

Cepton Inc

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

August 03, 2023 02:08 PM Eastern Daylight Time

Video
Article thumbnail News Release

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

Saietta Group PLC

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

July 26, 2023 04:53 AM Eastern Daylight Time

Video
Article thumbnail News Release

Triumphant Return: SERES 5 European Grand Tour Concludes on a High Note

SERES Motors

The first European Grand Tour for SERES, a leading power in China’s intelligent electric vehicle industry, has successfully wrapped up. Covering over 10,000 kilometers and 21 countries in a span of 23 days, the tour served as a comprehensive test for the company’s new energy strategy model, the SERES 5, evaluating its power, performance, safety, range, charging capabilities, driving control, and intelligence. With the goal of rigorously testing the car's capabilities and providing authentic user experiences, the SERES 5 embarked on its European Grand Tour from Amsterdam, Netherlands. Enduring diverse climates, with temperature variations of up to 25 degrees Celsius, and traversing nearly ten different road conditions, the tour passed through Norway, Germany, Italy, Spain, France, and 16 other European countries, before returning to the Netherlands. Throughout the journey, the SERES 5 Grand Tour fleet garnered significant attention from European consumers, with many expressing strong interest in the vehicle's performance. Local media in countries such as France, Italy, and Germany also conducted test drives, experiencing the unique smart driving features of Chinese new energy vehicles. The quality performance of the SERES 5 during its European Grand Tour exceeded expectations. It demonstrated remarkable endurance, traveling over 10,000 kilometers through challenging terrains like mud, snow, urban areas, and unrestricted highways. The vehicle's charging adaptability was also commendable, successfully utilizing 95% of Europe's charging facilities across the 21 countries visited, fully satisfying the travel needs of European users. Additionally, the driving experience was tailored to meet the preferences of individual drivers, providing them with a more enriching and enjoyable journey. Trond Sandven, the founder of Norwegian dealership Sandven AS, praised the SERES 5 as an outstanding vehicle, surpassing its European competitors in terms of performance. During the European Grand Tour, the SERES 5 achieved another milestone by completing the delivery ceremony to its first European customers, marking another successful step in SERES Motors' new energy international expansion. At the delivery ceremony, Andreas Bakkerud, SERES 5’s first owner in Norway and the celebrated rally driver and winner of the FIA European Rallycross Championship for two consecutive years in 2011 and 2012, expressed his high satisfaction with the vehicle's efficiency, superb handling on bumpy roads, and attractive balance between weight and power. He expressed a strong desire to own the car immediately after experiencing it. The vehicle's performance in track mode was also impressive, showcasing its ability to accelerate continuously 20 times without noticeable power decline. As a sporty and luxurious electric SUV, the SERES 5 has been well-received by European consumers since its debut at the Brussels Motor Show earlier in the year. Its distinctive appearance, cutting-edge design, premium materials, outstanding performance, and advanced intelligence have earned it a dedicated following in the European market. The European Grand Tour further reinforced the SERES 5's reputation for excellent adaptability, remarkable performance, driving comfort, and intelligent leadership across all the European countries it visited. Moving forward, SERES Motors remains committed to providing exceptional service to its users and supporting the growth of the European new energy automotive market. The company will continue to introduce various types of new energy vehicle products to overseas markets, delivering safer, more comfortable, and intelligent driving experiences for customers. For more information, please visit: http://www.global-seres.com/ https://www.facebook.com/seresmotor https://www.secure.instagram.com/seres.motor https://www.youtube.com/@seresmoto r For more about SERES 5 European Grand Tour, please visit: https://youtu.be/e2TlPii8Fx4 https://youtu.be/r8lxz5CJiHE https://youtu.be/5hiyrTaMfLI https://youtu.be/1G9q5ss1l-s https://youtu.be/Zo3KwTi2xXw https://youtu.be/dcgIHYNSqGw https://youtu.be/OJxDpd2w5BU https://youtu.be/zeMEX-deAyU Contact Details SERES Media Contacts: Song Sun +31 6 27050289 song.sun@global-seres.com Sabrina Wan +44 7762 856282 Sabrina.wan@dawnriderltd.com Company Website http://www.global-seres.com/

July 25, 2023 03:15 AM Eastern Daylight Time

Image
Article thumbnail News Release

UNOS Applauds House Action to Improve Air Transport of Donor Organs

United Network for Organ Sharing

Today, the U.S. House of Representatives approved its 2023 Federal Aviation Administration (FAA) reauthorization bill, which includes a provision aimed at improving safety and efficiency in the transportation of donor organs through the nation's commercial aviation system. Section 834 of H.R. 3934, the Securing Growth and Robust Leadership in American Aviation Act, requires the Secretary of the Department of Transportation (DOT), in consultation with the FAA Administrator, to convene a working group to develop best practices for the transportation of an organ in the cabin of an aircraft. Before the September 11 attacks, organs – primarily kidneys – were transported within a commercial flight’s cabin, under supervision of the aircrew. Packaged organs were placed in or near the cockpit just before departure and quickly retrieved after landing. The attacks prompted significant changes to airport protocols, including no longer allowing transplant professionals without an airplane ticket to accompany an organ through security. As a result, organs currently travel in the cargo hold. Action by the House promises to review and possibly reverse that long standing practice. “I applaud the actions taken by the House today. I offer my profound thanks to those working with us to make this change a reality, namely Rep. Bruce Westerman and Rep. Greg Stanton from the House Transportation and Infrastructure Committee, and their colleagues Rep. Tracey Mann, Rep. Dusty Johnson, and Rep. Beth Van Duyne,” said United Network for Organ Sharing (UNOS) CEO Maureen McBride, Ph.D. “Today’s news is the result of collaborative efforts on behalf of patients waiting for the gift of life, while also honoring generous donors and their families. There is more work to be done as we ensure this legislation is enacted, but this is a critical step.” While not a common occurrence, any logistical delays heighten the risk that an organ cannot be transplanted. The post-September 11 relegation of organs to the cargo hold created challenges navigating cargo hours and cargo lock-out times - the cut-off time for receiving shipments before the scheduled departure of an aircraft. Not all airlines accept cargo, so options are limited for transporting organs by air, especially to areas served by smaller, regional airports. ”Any organ not ultimately transplanted represents a profound loss, both for the selfless donor’s family and the patient waiting,” said Dianne LaPointe Rudow, ANP-BC, DNP, FAAN, President of UNOS. “Our donation and transplant community is called to honor the gift of life, and that commitment includes not only publicly identifying the issue, but seeking substantive solutions to address it. We owe our patients nothing less.” The provision included in the House version of the FAA reauthorization bill is the result of ongoing advocacy by UNOS, Organ Procurement Organizations (OPOs) and other members of the nation’s organ donation and transplant community. Since December of 2022, UNOS has engaged with the FAA leadership, the Transportation Security Administration (TSA), the Department of Transportation (DOT), and members of both the House and Senate to pursue this reform. “The organ donation and transplant community rallied behind this cause, knowing that it represents major progress for our patients and selfless donors,” said Jerry McCauley, M.D., M.P.H., Immediate Past President of UNOS. “This change is also a cornerstone of the UNOS Action Agenda, a series of improvements we know will strengthen the U.S. donation and transplant system.” To further reduce risk of delay, damage or loss in organ transport, UNOS is recommending changes in the next contract for the Organ Procurement and Transplantation Network that would require the use of physical trackers for unaccompanied donor organs recovered for transplant, and the establishment of a centralized organ tracking system. The Senate Commerce Committee could mark up its reauthorization legislation as soon as next week. The Senate provision would require the FAA to establish regulations ensuring that donor organs transported via commercial flight can once again travel in the plane’s cabin, as opposed to traveling in cargo. “We look forward to supporting the passage of the provision in the Senate Commerce Committee and on the Senate floor,” said McBride. Sen. Maria Cantwell, Chair of the Senate Commerce Committee, Sen. Ron Wyden, Chair of the Senate Finance Committee, and Sen. Ted Cruz, Ranking Member of the Senate Commerce Committee, are supporters of the Senate provision. Actions to move organs back to the airplane cabin and out of cargo were widely endorsed by the donation and transplant community, including the American Association of Kidney Patients, American Foundation for Donation & Transplantation, American Society of Histocompatibility and Immunogenetics, American Society of Nephrology, American Society of Transplantation, American Society of Transplant Surgeons, Association of Organ Procurement Organizations, Donate Life America, Donate Life Virginia, Kidney Care Partners, Kidney Transplant Collaborative, National Kidney Foundation, Nationwide Organ Recovery Transport Alliance, North American Transplant Coordinators Organization, Organ Donation Advocacy Group, Renal Physicians Association, Transplant Recipients International Organization, Transplant Families, Transplant Unwrapped, and Waitlist Zero. Congress will need to advance reauthorization legislation before the current FAA authorization expires on September 30, 2023. About UNOS United Network for Organ Sharing (UNOS) is the mission-driven non-profit serving as the nation’s transplant system under contract with the federal government. We lead the network of transplant hospitals, organ procurement organizations, and thousands of volunteers who are dedicated to honoring the gifts of life entrusted to us and to making lifesaving transplants possible for patients in need. Working together, we leverage data and advances in science and technology to continuously strengthen the system, increase the number of organs recovered and the number of transplants performed, and ensure patients across the nation have equitable access to transplant. Contact Details United Network for Organ Sharing Anne Paschke +1 804-782-4730 anne.paschke@unos.org Company Website https://unos.org

July 20, 2023 11:45 AM Eastern Daylight Time

1 ... 2425262728 ... 88