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VinES and Li-Cycle announce strategic, long-term battery recycling agreement

Vingroup

TORONTO, ONTARIO – Media OutReach - 12 April 2023 – VinES Energy Solutions (“VinES”) and Li-Cycle Holdings Corp. (“Li-Cycle”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, are pleased to announce that they have signed a definitive agreement (the "Agreement") for a long-term recycling relationship. According to the Agreement, from 2024, Li-Cycle will become VinES’ strategic and preferred recycling partner for VinES’ Vietnamese-sourced battery materials. Consistent with Li-Cycle’s strategy for growing recycling capacity in conjunction with customer demand, the Agreement further contemplates the possible construction of a dedicated Spoke located close to VinES’ manufacturing site. Further, the potential Spoke has the opportunity to benefit from the growing local demand for lithium-ion battery recycling solutions, driven by strong economic growth and an increasing manufacturing presence in Vietnam. An investment decision regarding the dedicated Spoke facility is expected to be made in 2025. In the meantime, Li-Cycle will facilitate the processing of VinES’ material utilizing Li-Cycle’s North American Spoke network. “By recycling battery production scrap and used batteries into the global mobility and energy storage industries, we can achieve a sustainable supply chain while reducing environmental impacts. We believe the strategic collaboration will strongly accelerate both companies’ missions of creating a sustainable future for all,” said Ms. Pham Thuy Linh, CEO of VinES. “We are pleased to advance our collaboration with VinES and become its strategic and long-term recycling partner for all batteries and battery materials generated by VinES in Vietnam,” said Tim Johnston, co-founder and Executive Chair of Li-Cycle. “This Agreement supports our shared goals of creating a sustainable and closed-loop battery supply chain. It also advances Li-Cycle’s position as the industry’s preferred global recycling partner as we continue to strengthen our commercial relationships and scale our innovative and environmentally friendly battery recycling technologies around the world.” To build on a partnership first announced in October 2022, VinES and Li-Cycle will also continue to explore global recycling solutions for VinFast, the first global electric vehicle (EV) manufacturer in Vietnam and Southeast Asia. VinES and VinFast are part of Vingroup, the largest private conglomerate in Vietnam, and are leaders in the global movement towards electrified transportation. VinFast has expanded its business to the North American and European markets with the aim to become one of the leading global EV manufacturers. VinES is a company that specializes in the research, development, and manufacturing of advanced batteries for mobility and energy storage applications. The company has recently commissioned a lithium-ion battery cell manufacturing facility in Hai Phong, Vietnam, and expects to further expand its production capacity in the country. Li-Cycle opened an office in Singapore in December 2022 to support its connectivity to the Asia market and its efforts to continue building and expanding its commercial relationships with Asia-based manufacturers. “Our office in Singapore represents an important connection point to Asia, and we are excited to continue expanding Li-Cycle’s global footprint,” said Dawei Li, Li-Cycle Regional President, APAC region. “We look forward to supporting VinES’ recycling needs and strengthening our commercial relationships in this important market.” About VinES VinES Energy Solutions, a member of Vingroup, specializes in researching, developing, and manufacturing advanced lithium ion batteries for mobility and energy storage applications. Its battery cell, module and pack R&D and manufacturing capabilities ensure the delivery of advanced battery that meet the safety and quality standards required for EV/ESS and other energy application applications. In addition, VinES has established partnerships with some of the world's leading battery technology companies to provide full coverage as a transformative energy solution provider. For more information, visit https://vines.net.vn/. About Li-Cycle Holdings Corp. Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of battery-grade materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/. Contact Details Media Contact v.chidqd1@vingroup.net Company Website https://vines.net.vn/

April 12, 2023 10:00 AM Eastern Daylight Time

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Tesla Reveals Plans to Use Safer, Cheaper LFP Batteries to Cut EV Costs

MarketJar

Tesla plans to use lithium iron phosphate (LFP) batteries in an affordable electric vehicle (EV) and a semi-heavy electric truck, which are not only cheaper but also pose less of a fire risk. Tesla CEO Elon Musk is a strong advocate of LFP battery technology, declaring in March that "the vast majority of the heavy lifting for electrification will be iron-based cells." On April 5, Tesla revealed plans to start deploying lithium iron phosphate (LFP) batteries on short-range Semi light trucks, however no launch date was specified. One of the key reasons Musk and other LFP aficionados are interested in iron is that it is both cheap and plentiful. These two advantages outweigh the downsides of the batteries' higher weight and lower capacity, resulting in a shorter range than nickel-based batteries. Tesla isn’t the only carmaker betting on LFP batteries. In February, Ford Motors announced plans to use LFP batteries in its Mustang Mach-E later this year, while its F-150 Lightning model will receive them as an option next year. Several factors are causing miners to ramp up exploration projects in North America, including ever-rising demand for EVs and government initiatives in Canada and the US to boost the domestic supply of battery metals, particularly lithium. At present, the only producing lithium mine in the US is Silver Peak in Nevada, but other projects have been progressing since the recent push including the start of construction at the Thacker Pass lithium mine, also in Nevada. The Canadian government also recently approved the James Bay Lithium Project in Quebec, which includes an estimated 40.3 million tonnes (Mt) of lithium oxide (Li2O) and 37.2Mt of ore reserves. With this approval, Canada hopes to gain credibility in the lithium supply fight. Canadian junior exploration company Usha Resources Ltd. ( TSXV:USHA ) ( OTCQB:USHAF ) is also developing early-stage high-grade precious and base metal assets in North America. The company’s portfolio includes its flagship Jackpot Lake lithium brine project in Nevada, the Lost Basin gold-copper project in Arizona and two hard-rock lithium properties in Ontario, the White Willow lithium-tantalum property in Ontario and, most recently, the Nym property. Usha Resources ' flagship Jackpot Lake Lithium Brine Property is located in Clark County, Nevada, approximately 35 km northeast of Las Vegas. The geology of Jackpot Lake is comparable to that of Albemarle's Silver Peak lithium mine, which has been in operation since 1966 and is the only producing lithium mine in North America. Sediments from the lithium-rich source rocks grow up and fill the deposit in both situations, with the potential for subsequent evaporation and concentration events to concentrate the lithium brine. Usha Resources has provided an update on its continuing drilling program at the Jackpot Lake, with JP22-02 drill hole returning the highest lithium grades encountered in drilling and reported historically on the property to date. with shallow soils within the upper 500 feet averaging 334 ppm Li, nearly twice the historical reported average of 175 ppm, and a high of 820 ppm, nearly four times the historical average and twice the historical reported high of 550 ppm. At Silver Peak, leaching of enriched lithium clays within a basin is one of the primary mechanisms by which lithium is believed to have been introduced into the brine, and so these grades are very favourable, especially in comparison to the reported average of 100 ppm for the Esmeralda Formation, one of the potential sources of the lithium enrichment in Clayton Valley. Jackpot Lake has the potential to contain higher-grade intervals at greater depths within the basin, and lithium-rich sediments are prevalent throughout the basin, which might theoretically concentrate and enrich a brine at depths over time, according to the core assay results from JP22-02, meaning the best grades may still be present within the core to be drilled yet. Usha Resources Purchases Two Ontario Hard-Rock Lithium Projects Following two promising acquisitions, Usha Resources is moving swiftly into Canada’s hard-rock lithium space. On March 28, the company announced the purchase of the White Willow Lithium-Tantalum Property in Ontario's Thunder Bay Mining Division. The project is described as a "unique and timely opportunity to capitalize on Canada's rapidly growing lithium metal and green energy markets," and is located near other lithium opportunities such as the Seymour Lake Lithium Project, the Georgia Lake pegmatite field, and the Separation Rapids Lithium deposit. One week later, Usha Resources ' announced the acquisition of its second hard-rock lithium property in the Thunder Bay Mining Division near Atikokan, Ontario. The Nym Property adjoins Usha's White Willow Lithium-Tantalum Project, increasing the existing 712 claim block to 720 claims and adding 170 hectares to the 15,510 hectares already optioned. According to reports, the Nym Property has 119 prospective pegmatites and is on trend with the high-grade system at White Willow, providing the Company with over 200 possible lithium-bearing pegmatites between the two assets. Like White Willow, Usha Resources ' newly acquired Nym Property is underexplored, but previous drilling has identified pegmatite intersections up to 40 meters thick, and prospecting has confirmed anomalous lithium at the surface, implying highly fractioned LCT-pegmatites containing spodumene and other LCT-minerals may be present at Nym as well. Usha thinks that these two acquisitions will support the company's ongoing strategy of assembling a portfolio of hard-rock assets that are highly complementary to its 100%-owned flagship Jackpot Lake Lithium Brine Project in Nevada, where it has recently increased its land position by threefold and is moving forward with its initial drill programme to establish a 43-101 resource. Please visit this link or the company’s website for additional information on Usha Resources Ltd. ( TSXV:USHA ) ( OTCQB:USHAF ). Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Usha Resources Ltd. Market Jar Media Inc. has or expects to receive from Usha Resources Ltd.’s Digital Marketing Agency of Record (Native Ads Inc.) one hundred thirty eight thousand and six hundred USD for 26 days (19 business days). 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Usha Resources Ltd.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Usha Resources Ltd.’s industry; (b) market opportunity; (c) Usha Resources Ltd.’s business plans and strategies; (d) services that Usha Resources Ltd. intends to offer; (e) Usha Resources Ltd.’s milestone projections and targets; (f) Usha Resources Ltd.’s expectations regarding receipt of approval for regulatory applications; (g) Usha Resources Ltd.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Usha Resources Ltd.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Usha Resources Ltd.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Usha Resources Ltd.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Usha Resources Ltd.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) Usha Resources Ltd.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Usha Resources Ltd. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Usha Resources Ltd.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Usha Resources Ltd.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Usha Resources Ltd.’s business operations (e) Usha Resources Ltd. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, Usha Resources Ltd. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Usha Resources Ltd. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Usha Resources Ltd. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Usha Resources Ltd. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Usha Resources Ltd. or such entities and are not necessarily indicative of future performance of Usha Resources Ltd. or such entities. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

April 12, 2023 09:00 AM Eastern Daylight Time

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Alana and Ramon Alvarez Grow Minuteman Press Franchise in Colorado Springs

Minuteman Press International Inc

Alana and Ramon Alvarez have owned their Minuteman Press franchise in Colorado Springs since August of 2019. Minuteman Press in Colorado Springs has been operating for 15 years since 2008 and is located at 6870 N. Academy Blvd., Colorado Springs, CO, 80918. After taking over the business nearly 4 years ago, Alana and Ramon have consistently grown their business and increased sales “by nearly 400% since we started,” according to Ramon. Journey to Minuteman Press Alana and Ramon “met at work 31 years ago” and the rest is history, according to Ramon. He shares, “Alana is my forever partner. After leaving the company, we lived throughout the West Coast and South America throughout our time together. I continued to work in the corporate world and Alana managed our household and led the raising of our children.” In 2019, it was time for a change. Ramon says, “Fast forward to August 5, 2019. That is when we began our small business journey, owning our Minuteman Press center in Colorado Springs. Minuteman Press International RVP Jack Panzer was instrumental in helping us acquire this existing location, which has been doing business in Colorado Springs since 2008. Jack helped us throughout the purchasing and on-boarding process, just as he does now in supporting us to grow along with excellent field support talent like Todd Golberg at the time (who is now RVP in New England), and now Sky Hittle.” Operating the Business & Ongoing Support Nearly 4 years after purchasing the business, Ramon remains excited about working with Alana, sharing: “Today, Alana and I continue commuting to our business together, excited to spend quality time with each other while creating outstanding experiences for our clients, just as we did 31 years ago when we first met. We are fortunate to be serving many clients in the Pikes Peak Region, having grown our sales by nearly 400% since we started.” Specifically, Ramon says, “Our small business has evolved into a one-stop shop for our clients, providing design, print, promotional items, direct mail, and more! We are now providing vehicle and window graphics, along with building sign replacements. We won’t stop there, ensuring we continue to listen to our clients, and treating each of them like a VIP. In spite of the digital transformation that marketing has experienced, print is everywhere, and continues to be leveraged by businesses launching or striving for growth. Print simply looks different today, with a critical role in creating an omnichannel experience for clients, like adding QR codes to drive the client’s audience to a website, scheduling form, or otherwise.” As he reflects on what it’s been like to transition from the corporate world to small business owner, Ramon says, “Having led large teams with large budgets in the Americas, I felt that being a small business owner would be relatively easy. It’s actually the hardest role I’ve ever had, yet it’s the most rewarding by far.” Ramon explains how the support he’s received as a Minuteman Press franchise owner has helped him along the way: “Minuteman Press has been supporting us in many ways, setting us up for success. In my career, I was previously an operations executive and so I wanted a proven brand, a proven system, and a proven structure to allow us to succeed as small business owners. Minuteman Press International has given us all of that.” He continues, “The Minuteman Press FLEX software, which allows us to connect with our clients for quoting, invoicing, work orders, marketing, and more, has been invaluable. The support team is also outstanding in urgently reacting to our needs, as they have extensive experience and an aptitude to serve.” Marketing & Being Active in the Community When it comes to marketing the business, Ramon shares, “No silver bullet exists in marketing our small business, and Minuteman Press has supported owners successfully who may not be experts in the industry. We focus on providing outstanding experiences for our clients through our high-performing team, delivering quality, speed, and reliability. Every customer is a VIP. We leverage direct mail, use digital marketing, networking, and other marketing opportunities, just like businesses in all industries do, focusing heavily on our target audiences and key clients.” Being active in the community is also key to Alana and Ramon’s local outreach efforts. Ramon says, “We also engage with our community, advocating for local business growth through various volunteer efforts. I serve as the current Chair of the Board of Directors for the Colorado Springs Chamber and EDC, on the Board of Directors for the Southern Colorado Better Business Bureau, on the Board of Directors of the Colorado Springs Hispanic Chamber of Commerce, Consult for the Pikes Peak Region Small Business Development Center, and help drive economic development in our region for our local businesses any way I can.” Ramon concludes, “By helping our community of businesses prosper, opportunities for prosperity are available for all.” Minuteman Press in Colorado Springs is located at 6870 N. Academy Blvd., Colorado Springs, CO, 80918. For more information, visit their website: https://minuteman.com/us/locations/co/colorado-springs20/ Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com. Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

April 10, 2023 10:00 AM Eastern Daylight Time

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General Motors Names DB Schenker a 2022 Supplier of the Year

DB Schenker

General Motors recognized DB Schenker as a 2022 Supplier of the Year. GM celebrated honorees at its 31 st annual Supplier of the Year event in San Antonio, Texas, earlier this week. GM’s Supplier of the Year award recognizes global suppliers that distinguish themselves by exceeding GM’s requirements, in turn providing customers with innovative technologies and among the highest quality in the automotive industry. "We are honored to receive this recognition from General Motors," said DB Schenker Americas CEO, Michael Fahy. "We are proud of our strong partnership with GM and our ability to support its global supply chain operations with a focus on inbound material delivery. This recognition is a testament to our commitment to delivering high-quality logistics solutions and services to our customers." "We are thrilled to recognize these outstanding suppliers after yet another challenging year in the automotive industry," said Jeff Morrison, GM vice president of Global Purchasing and Supply Chain. "They overcame countless obstacles and exemplified what it means to be resilient, resourceful and determined. Beyond that, these suppliers demonstrated their commitment to sustainable innovation and to driving advanced solutions in collaboration with the GM team." Each year, GM’s Supplier of the Year recipients are selected by a global, cross-functional GM team for their performance in criteria such Product Purchasing, Global Purchasing and Manufacturing Services, Customer Care and Aftersales and Logistics. About DB Schenker Americas DB Schenker is one of the largest Integrated Logistics Service Providers in the Americas with more than 10,000 employees in 123 locations providing over 27 million sq. ft. of distribution operations to its clients. DB Schenker’s Americas presence includes Argentina, Brazil, Canada, Chile, Guatemala, Mexico, Panama, Peru, United States, and Venezuela. DB Schenker offers land transport and air and ocean freight, as well as comprehensive logistics solutions and global supply chain management services from a single source. With integrated partners across the Americas, DB Schenker provides the best combination of intimate local practices knowledge and global capabilities. www.DBSchenker.com General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com. Contact Details Nicholas Leighton +1 949-478-5880 nick.leighton@nettresultsLLC.com Company Website https://www.dbschenker.com/usa

April 06, 2023 08:00 AM Eastern Daylight Time

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Saietta Group sees "astronomical" potential demand growth

Saietta Group PLC

Saietta Group PLC (AIM:SED) executive chairman Tony Gott speaks to Proactive after announcing a new $6.5mln contract with US designer and manufacturer of urban delivery vehicles AYRO to supply 3,000 of Saietta's eDrive units. Gott explains what the deal means for Saietta, highlighting that it "underpins" Saietta's manufacturing facility in Sunderland, UK. He goes on to describe where he sees the future of demand growth for Saietta's products, describing potential Indian demand growth as "astronomical." Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 06, 2023 06:25 AM Eastern Daylight Time

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NAFA Unveils Line-Up for First Ever Media Day at Upcoming I&E Convention

NAFA Fleet Management Association

NAFA Fleet Management Association (NAFA), the vehicle fleet industry’s largest membership association, today announced the line-up for its first annual Media Day event at its upcoming Institute & Expo (I&E) Convention in Baltimore, MD. I&E brings together fleet professionals, managers and companies from across all sectors for education sessions, workshops, networking and business opportunities, and more. New technologies and innovations, such as electric vehicles, are changing the industry, and I&E is the place to experience it all first hand. “There is so much innovation happening in our industry, which makes it no surprise that we have so many companies bringing breaking news and product launches to I&E this year,” says Bill Schankel, CEO of NAFA. “The fleet industry is evolving quickly, and Media Day will continue to highlight that evolution for years to come.” On Monday, April 17th starting at 2:15 p.m., Media Day will begin in the I&E Press Room (Room #336) at the Baltimore Convention Center. More than a dozen companies will be releasing their breaking news and new product launches. Press will have the opportunity to hear directly from leading companies within the fleet management industry, and ask questions about their announcements and news. This year’s full Media Day schedule is as follows: Utilimarc – Engin Ayaz, Account Executive Southgate Lease Services – Nick Miota, President BFGoodrich® Tires – Sarah Brand, Senior Brand Manager Urban and Farell Scott, Product Category Manager BFGoodrich Teletrac Navman – Doug Haebig, Sr. Product Manager, Transportation Cruise Car by ICON – Adam Sulimirski, Managing Partner Shell Fleet Solutions – Jim Perkins, Director Fleet Solutions U.S.A., Shell Reviver – CJ Meurell, EVP of Sales and Alex Dimitrijevic, National Fleet Director Cipia – Israel Ronn, VP Aftermarket Business Mullen Automotive – John Schwegman, Chief Commercial Officer ServiceUp – Mark Hodes, Chief Business Officer Roadz – Amit Jain, Co-Founder, COO Derive Systems – Heather Lamm, Chief Marketing & Sustainability Officer and Craig Montgomery, Chief Revenue Officer Fermata Energy – George Miller, Director of Business Development NAFA Fleet Management Association is the membership organization for professionals who manage the mobility requirements of vehicle fleets that include commercial, public safety, trucks, and buses of all types and sizes; and a wide range of military and off-road equipment for corporations, governments, universities, utility fleets, and law enforcement in North America and across the globe. NAFA’s members are responsible for the specification, acquisition, maintenance, repair, fueling, risk management, and remarketing of more than 4.8 million vehicles that drive an estimated 84 billion miles each year. NAFA’s members control assets and services well above $122 billion each year. For more information, please visit www.nafa.org, and communicate with NAFA on LinkedIn, Facebook, and Twitter. Contact Details Colleen Gallagher +1 315-447-2331 cgallagher@onwrdupwrd.com Company Website https://www.nafa.org/

April 05, 2023 05:30 PM Eastern Daylight Time

LightMetrics scales globally having improved fleet driver behaviors with intelligent video as it secures $8.5m funding round

LightMetrics

Commercial fleet owners are investing heavily in telematics data to improve road safety concerns, driver well-being and operational efficiencies. It's a marketplace worth $76B today and set to grow to $214B in the next 6 years. However, their insurance claims have been steadily increasing over the past 5 years. Aiming to rebalance this equation, video telematics business LightMetrics is today announcing a $8.5m funding round from Sequoia Capital India, to help telematics service providers adopt video telematics and help fleets become safer. LightMetrics helps telematics service providers (TSPs) by launching their own branded edge AI powered video telematics solution. Its flagship no-code video telematics platform RideView is widely considered the most impactful in the industry. It allows fleets to gain visibility into risky behaviors like distracted driving, tailgating, cell phone usage, overspeeding, stop sign violation, poor lane keeping and fatigue among several others. Intuitive workflows to retrieve videos, recognize good drivers and coach drivers helps fleet managers protect the fleet, improve driver engagement and reduce accidents. With fleets in different verticals and geographies having different needs, RideView offers a choice of dash cameras across price points and capabilities, all supported by the same backend thus creating an uniform user experience no matter the dash camera hardware used. Founded in 2015 by Nokia alumni Soumik Ukil, Ravi Shenoy, Mithun Uliyar, Gururaj Putraya, Pushkar Patwardhan and Krishna A.G, they came together to help make roads safer for everyone. They put their expertise to work in building efficient algorithms for computer vision technology, machine learning and AI by helping people “see how they drive” and coaching drivers to become safer. In 2022, LightMetrics expanded into new geographies and grew revenues 3x. Their technology is now deployed in over 2500 fleets across US, Canada, Mexico, Brazil, Australia, South Africa, Middle East and India. LightMetrics’ video telematics platform RideView’s success and popularity with telematics service providers can be attributed to the significant outcomes they have achieved for customers, including a drop in risky driving behaviors such as speeding and distracted driving by up to 80% and 70% respectively within just a few months of installation. Soumik Ukil, co-founder and CEO of LightMetrics commented: “Our growth and success comes down to the product - having built the preeminent video-based fleet safety platform globally. We will continue to invest deeply in building the most advanced and efficient edge AI, empowering our customer base to deliver this critical technology across the entire fleet ecosystem, and expanding our international footprint.” The video telematics market is forecast to grow from 10% in 2021 to 20% by 2026, at an impressive growth rate of 16.5% CAGR. “Two key factors are driving the growth of this market; a combination of market need and the technology trends coming together. Fleet owners are seeking a single integrated view of all their data to improve safety and operations. Conventionally, while telematics has focused on location tracking, routing, optimal utilization of assets, vehicle maintenance, remote diagnostics, etc., it is clear that the performance of the human driver is critical to running a profitable fleet. Advanced video telematics, enabled by the advances in connectivity, chipsets (computing on the edge) and AI, is the comprehensive solution” said Soumik Ukil. “Our approach, and the adoption of RideView, has created a win-win situation for everyone concerned. Fleets, the end user, benefit from improved safety, better driver engagement and lower insurance premiums. Our customers, the telematics service providers, are able to offer a holistic service to fleet owners with more comprehensive data and analytics around safety.” Ashish Agrawal, MD, Sequoia India commented: “Video telematics is the fastest growing segment of the telematics industry. LightMetrics’ ability to deploy advanced computer vision models on the edge, across a range of dash cameras, enables it to serve all vehicle types in this large market. At Sequoia Capital India, we expect advancements in AI to transform several industries and are excited to partner with LightMetrics on their quest to improve road safety.” “Investing in technology can also drive down insurance premiums for fleet owners. A granular understanding of driver behavior can help underwriting with better risk modeling, and ongoing driver coaching helps insurance carriers reduce loss over time. I am confident that video telematics can help insurance carriers significantly on claims, underwriting and loss control.” said Soumik Ukil. About LightMetrics Founded in 2015, LightMetrics is a video telematics technology business that exists to make roads safer for everyone, everywhere by helping mobility businesses become safer and more productive through a better understanding of driving behavior. LightMetrics works with telematics service providers to adopt video technology in their platforms and hardware to improve road safety outcomes and operational efficiencies. RideView by LightMetrics is their flagship no-code, end-to-end video telematics platform that includes edge AI and camera systems software, cloud backend, REST APIs, dashboards and apps. LightMetrics was recognized by Frost and Sullivan for having the most innovative AI dash camera in North America in 2022. The solution is globally deployed across the US, Canada, Mexico, Brazil, Australia, South Africa, Middle East and India. For more information please visit https://www.lightmetrics.co/ About Sequoia Capital India & Sequoia Capital Southeast Asia Sequoia helps daring founders build legendary companies, from idea to IPO to beyond. Sequoia Capital India and Sequoia Capital Southeast Asia actively partner with founders from a wide range of companies, across categories, including BYJUs, CRED, Druva, Five Star Finance, Freshworks, GoTo, Groww, Kopi Kenangan, Mamaearth, Pine Labs, Polygon, Razorpay, Truecaller, Zomato and more. We spur founders to push the boundaries of what's possible. In partnering with Sequoia, startups benefit from over 50 years of tribal knowledge and lessons learned working with companies like Airbnb, Alibaba, Apple, Dropbox, Google, LinkedIn and Stripe early on. From the beginning universities, endowments, and other non-profits have been the backbone of our investor base which means founders' accomplishments make a meaningful difference. For more information on Sequoia's work in India and Southeast Asia visit www.sequoiacap.com/India and www.sequoiacap.com/sea Contact Details LightMetrics Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.lightmetrics.co/

April 05, 2023 07:00 AM Eastern Daylight Time

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Ultrack Enters Acquisition Agreement with Successful Medical and Wellness Company

Ultrack Systems, Inc.

McapMediaWire --Ultrack Systems Inc. (OTC: MJLB ), a total fleet-management GPS tracking and monitoring solution provider, is pleased to announce that Ultrack has entered into a formal contractual agreement with Supreme Products to both acquire and market their "Pet Tracker" product which is a wearable GPS device for pets. Notably, Carl Lamonte from Supreme Products will join Ultrack as an Officer of Brand Development Officer Earlier this year Ultrack noted in a release that the Company is actively seeking joint-venture relationships and/or acquisitions within recession proof sectors. Today's announcement is the initial fulfillment of that goal with more planned to come. With years of experience, resources, and relationships within the GPS industry, it makes sense for Ultrack to expand to the developing vertical market of pet tracking hardware and software. Currently, the global pet market is worth roughly $261 billion with the sub "pet care" market coming in at around $79 billion as of 2021. Current forecasters project that the U.S. pet market alone is projected to grow to $325 billion by 2028 with a projected sustained growth of pet ownership up to 14% by 2030. (Source: https://www.hepper.com/pet-industry-statistics-us / ) Ultrack CEO Michael Marsbergen commented: “Pets are big business and Millennials and Gen Z are leading the way for the foreseeable future. We believe that pet ownership and pet care is a recession-proof industry because people are simply not going to give up the things that they truly love, no matter how hard the economy gets hit. I'm delighted that Mr. Carl Lamonte will be joining Ultrack and helping the Company to establish sure footing as a new face and voice for our “Pet Tracker” product." Some of the ways the Company intends to provide a superior device include potential features like: 1. Health monitoring: Monitor a pet's health by tracking their activity levels, heart rate, and other biometric data. This information could be shared with veterinarians or pet owners to identify potential health problems early on. 2. Behavior modification: Modify a pet's behavior by providing real-time feedback on their location and activity level. For example, a device could be set up to alert a pet owner if their dog has strayed too far from home, or if their cat is spending too much time in a certain area. 3. Predictive analytics: Collect data on a pet's behavior and use machine learning algorithms to predict future behavior. This could help pet owners anticipate potential problems and take preventive action. 4. Social media integration: Integration with social media platforms, allowing pet owners to share their pet's location and activity level with friends and family. This could create a community of pet owners who share information and support each other. 5. Virtual fences: Create virtual fences around a pet's home or yard, alerting the pet owner if their pet strays beyond a certain boundary. This could be especially useful for pet owners who live in areas with high levels of traffic or other hazards. Ultrack and Supreme Products are planning a full-orbed marketing plan through multiple strategies including: As technology and AI evolves, the Company will seek for new ways to add more benefits to its line of pet care products. Investors can anticipate updates moving forward regarding details of the development and deployment of the new "Pet Tracker" product. Furthermore, the details of the contract with Supreme Products involves a marketing partnership to bring appropriate exposure to the new Pet Tracker product. These initiatives include but are not limited to: 1. Social media advertising: Social media platforms such as Facebook and Instagram offer targeted advertising options that allow businesses to reach pet owners directly, especially young pet owners. 2. Influencer marketing: Partnering with influencers in the pet industry can be an effective way to reach a wider audience. 3. Pet store partnerships: Starting with pet stores in Canada and established relationship, the Company believes this strategy will be well-received and well-rewarded. 4. Trade shows and events: The Company is looking ahead to three of the largest North American pet-focused trade shows in which to have a meaningful presence. The Company invites current and future shareholders to check back regularly at our website http://ultrack.ca, Facebook page: https://www.facebook.com/UltrackSolutions and Twitter page: https://twitter.com/ultracki About MJLB: Located in Concord, Ontario, Ultrack Systems Inc., ( www.ultrack.ca ) is a publicly traded company listed on the OTCMARKETS under the MJLB trading symbol. Ultrack Systems Inc., is a provider of GPS tracking solutions. We develop, implement, and distribute electronic monitoring and tracking systems for companies in leasing, transportation, construction, disposal, and many other services driven industries. Our platform includes live tracking, reports, and alerts on a web-based platform. Our mission is to provide the best fleet tracking, reporting systems and our commitment to service. The Company plans to launch a new ELD product in 2023 in partnership with major corporations that will take the trucking industry by storm. Safe Harbor Statement: This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release, including such forward-looking statements. Michael Stephen Marsbergen Ultrack Sytems Inc. +1 800-893-9506 sales@ultrack.ca Visit us on social media: Facebook Twitter Contact Details Ultrack Sytems Inc. sales@ultrack.ca Company Website http://ultrack.ca/

April 04, 2023 09:00 AM Eastern Daylight Time

High Demand for Electric Vehicles Creates Raw Material Shortages Worldwide

MarketJar

Automakers are accelerating their electric vehicle (EV) ambitions, but reality is beginning to sink in when it comes to obtaining the raw materials for the millions of EV batteries required to meet those lofty goals. Lithium is a critical part of the batteries that power EVs, however, rising popularity could cause a shortage of lithium in the coming years. At the Freedom of Mobility Forum, Stellantis CEO Carlos Tavares said that there might not be enough lithium to convert the 1.3 billion internal-combustion vehicles into electric vehicles. Despite this claim, the multinational carmaker still expects to meet its 2030 goals, which are in line with the European Union’s 2035 ban on fossil fuel-powered cars. Meanwhile, the Canadian government is predicting that lithium demand will increase by 500% by 2050 due to rising domestic manufacturing and forward-looking transportation policies. However, the region still faces challenges when you consider that lithium production in North America accounted for less than 2% of current global supply while Australia, Chile, and Argentina produced 79% of the world's lithium. In this situation, if they don’t have enough supply, these critical minerals could slow down the energy transition instead of helping it. As a result, the US and Canada are working hard to set up a supply chain for lithium and other important minerals. Analysts say that after trading at record highs in 2022, the price of lithium will fluctuate throughout 2023 but will stay at levels that support new projects, in the short term at least. The Government of Canada recently approved the James Bay Lithium Project in Quebec, which contains an estimated 40.3 million tonnes (Mt) of lithium oxide (Li2O) and 37.2Mt of ore reserves, Canada is looking to become credible in the lithium supply battle. Sayona Mining is also planning to reactivate the North American Lithium (NAL) project in Quebec., which hosts a 101.9 million tonne measured and indicated lithium oxide resource. Canadian junior exploration company Usha Resources Ltd. ( TSXV:USHA ) ( OTCQB:USHAF ) is exploring and advancing early stage high-grade precious and base metal projects across North America. Usha 's portfolio of strategic properties already included a nickel-copper-cobalt project in Ontario, a lithium project in Nevada, and a gold-copper project in Arizona. The company also just entered the hard-rock lithium space with the acquisitions of a pair of lithium-tantalum projects in Ontario. Usha Resources Acquires Two Hard-Rock Lithium Projects in Ontario Usha Resources is moving quickly into the hard-rock lithium space in Canada following two exciting acquisitions. Last week Usha Resources announced the acquisition of the White Willow Lithium-Tantalum Property in Ontario's Thunder Bay Mining Division. The project, which is near other lithium projects such as the Seymour Lake Lithium Project, the Georgia Lake pegmatite field, and the Separation Rapids Lithium deposit, represents a "unique and timely opportunity to capitalize on Canada's rapidly growing lithium metal and green energy markets." The White Willow Lithium-Tantalum Property contains a fertile lithium-cesium-tantalum (LCT) system with two well advanced LCT-pegmatite dikes. The dikes have been the focus of the limited exploratory activity done so far, with samples containing as much as 0.5% Li2O and 14.64% tantalum oxide (Ta2O5) in and near them. Minimal surface sampling elsewhere on the property has also revealed very abnormal lithium values, with numerous samples assaying over 0.40% Li2O, as well as very anomalous tantalum and cesium values of 3.41% and 3.78% Ta2O5. High-grade tantalite shows the LCT-system of the property's surrounding zones have higher-grade lithium. Then on April 4, Usha Resources acquired the Nym Property, its second hard-rock lithium property located in the Thunder Bay Mining Division near Atikokan, Ontario. The Nym Property is contiguous with Usha ’s White Willow Lithium-Tantalum Project, expanding the existing 712 claim block to a total of 720 claims and adding 170 hectares to the 15,510 hectares already optioned. The Nym Property reportedly hosts 119 prospective pegmatites and is on-trend with the high-grade system at White Willow, giving the Company over 200 prospective lithium-bearing pegmatites between the two properties. Usha Resources’ newly acquired Nym Property is underexplored like White Willow, but previous drilling has identified pegmatite intersections up to 40 meters thick and prospecting has confirmed anomalous lithium is present at the surface, suggesting highly fractioned LCT-pegmatites that bear spodumene and other LCT-minerals may be present at Nym. Usha believes these two acquisitions will be a continuation of the company’s strategy to build an accretive portfolio of highly complementary hard-rock assets to its 100%-owned flagship Jackpot Lake Lithium Brine Project in Nevada, where it has just increased its land position threefold and is progressing with its maiden drill program to establish a 43-101 resource.. Nevada Looks to Secure America’s Green Energy Future At the same time, Nevada is swiftly establishing itself as a key participant in the manufacture of EV battery materials and reaching global climate targets in the US lithium area. Usha Resources flagship Jackpot Lake Lithium Brine Property is located in Clark County, Nevada, about 35 kilometers northeast of Las Vegas. The 8,714 acres of the drill ready brine project are covered by 442 mineral claims (approximately 35.3 square kilometers). The company has authorized 2,700 meters spread across six holes. The geology of Jackpot Lake is comparable to that of Albemarle's Silver Peak Nevada Lithium Mine, which has been in operation since 1966 and is the only producing lithium mine in North America. In both cases, sediments from the lithium-rich source rocks around the deposit build up and fill it, with the potential for subsequent evaporation and concentration events to concentrate the lithium brine. Usha Resources provided an update on its work at the Jackpot Lake Lithium Brine Project, noting that the exploration team has found a high-porosity zone of sand followed by conglomerate beginning at 1,533 feet in the second hole (JP22-2) of its drill program. Moreover, Usha Resources recently closed a non-brokered private placement for gross proceeds of C$3 million. Usha Resources is planning a spin-out on April 12 with Formation Metals (FMI). Following the completion of the spin-off and share exchange, each Usha shareholder will receive one common share of FMI for every five USHA shares held on the upcoming share distribution record date. For more information on Usha Resources Ltd. ( TSXV:USHA ) ( OTCQB:USHAF ), please visit this link or the company’s website. Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Usha Resources Ltd. 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Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Usha Resources Ltd.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Usha Resources Ltd.’s industry; (b) market opportunity; (c) Usha Resources Ltd.’s business plans and strategies; (d) services that Usha Resources Ltd. intends to offer; (e) Usha Resources Ltd.’s milestone projections and targets; (f) Usha Resources Ltd.’s expectations regarding receipt of approval for regulatory applications; (g) Usha Resources Ltd.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Usha Resources Ltd.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Usha Resources Ltd.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Usha Resources Ltd.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Usha Resources Ltd.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) Usha Resources Ltd.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Usha Resources Ltd. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Usha Resources Ltd.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Usha Resources Ltd.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Usha Resources Ltd.’s business operations (e) Usha Resources Ltd. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, Usha Resources Ltd. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Usha Resources Ltd. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Usha Resources Ltd. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Usha Resources Ltd. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Usha Resources Ltd. or such entities and are not necessarily indicative of future performance of Usha Resources Ltd. or such entities. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

April 04, 2023 09:00 AM Eastern Daylight Time

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