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Gamelancer announced strategic rebrand going forward as Vertiqal Studios

Gamelancer Media Corp

Gamelancer Media Corp CEO Jon Dwyer joined Steve Darling from Proactive to discussed significant developments within the company, which is undergoing a major strategic rebrand and will now operate as Vertiqal Studios. Dwyer telling Proactive to the key highlights of this transformation. Vertiqal Studios' rebranding is a strategic move to showcase the company's adaptability in navigating the ever-evolving digital media advertising landscape. The new name reflects Vertiqal Studios' commitment to delivering high-performance, brand-centric advertising solutions for its valued clients. Effective October 2, 2023, the company will begin trading as "VRTS" on the Toronto Stock Exchange as part of its corporate rebrand. Dwyer emphasized that the rebrand to Vertiqal Studios will give the company a fresh and dynamic look, particularly as it expands its operations into the US market. The company believes this evolution will not only enhance its presence in the industry but also open up new opportunities for growth and success. Additionally, Dwyer discussed a change on the corporate side, where co-founders Razvan Romanescu and Darren Lopes will remain on the Board of Directors but will step down from their current positions as Chief Strategy Officer and Chief Product Officer. These changes are part of the company's broader efforts to position itself for continued success and growth in the digital media advertising sector. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

October 05, 2023 10:16 AM Eastern Daylight Time

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Minuteman Press Franchise Comes to Poundbury and Dorchester, Moves to Brand New Premises

Minuteman Press International Inc

Sprint Digital, Dorchester's leading small business printers, have successfully completed the transition into a Minuteman Press franchise. Owners David and Juanita Prince have relocated from their town centre premises, shared with the Dorchester Post Office, into their own stand alone premises in Poundbury at 13 & 14 Jubilee Court, Paceycombe Way. David Prince said, “With easy access and free parking, the offices just down from the Buttermarket are well placed for access for our clients. We will also continue to deliver to our existing business customers in Dorchester should they need to ensure a seamless transition for our clients.” Operating for over 50 years to serve local business communities, Minuteman Press International has almost 1000 independently owned and operated franchise locations worldwide. The transition from Sprint Digital to Minuteman Press will give small businesses in Dorchester, Poundbury and its surrounds more access to an extremely wide range of print solutions, from business cards and fliers to small signage, branded promotional items and much more. In response to the rebranding, David and Juanita stated, "The move to Minuteman Press will allow our print business to grow offering the businesses of Dorchester, Poundbury and its surrounds a quality affordable print solution. We are also inviting businesses to shop locally knowing that the product is as environmentally sourced as possible and supported by the expertise of world's leading print franchise.” Mark Jones, Regional VP of Minuteman Press International added, "We are excited to be working with David and Juanita, helping them to grow their franchise whilst supporting the local community with all their print requirements." As part of the conversion David Prince has reaffirmed that MMP Dorchester will take over Sprint Digital's sponsorship of the Dorchester Ladies football team into the 2023/24 season and they will continue to support the developers of Dorchesters Bike Park by providing a range of print solutions for their promotional needs. For more information on Minuteman Press in Dorchester and Poundbury, call 01305 264171 or visit their website: https://minuteman.com/uk/locations/england/dorchester/ Minuteman Press provides digital print, design, promotional products and services to businesses. Today they are much more than just print. They can provide anything you can put a name, image or logo on! Minuteman Press International was once again rated the #1 Printing & Marketing Services Franchise in the printing industry by Entrepreneur Magazine in 2023. This is the 32nd time overall and 20th straight year that they have achieved this stellar rating. Learn more about Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at http://minutemanpressfranchise.co.uk Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

October 05, 2023 09:38 AM Eastern Daylight Time

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Tiziana Advances Phase 2 Site Selection for Its Lead Clinical Program in Non-Active Secondary Progressive Multiple Sclerosis (SPMS) and The Company Prepares for Six-Month Clinical Data Update

Benzinga

By Rachael Green, Benzinga Tiziana Life Sciences Ltd. (NASDAQ: TLSA) recently announced the Company has initiated site selection for its lead intranasal anti-CD3 monoclonal antibody drug candidate “foralumab” program entering Phase 2a clinical testing in non-active Secondary Progressive Multiple Sclerosis (na-SPMS) patients. In total, the multi-center clinical trial will have six to ten new clinical trial sites across the US. According to the Company, another key data milestone is expected soon at the ECTRIMS conference, which will detail the results from the expanded access program after six months of treatment. Investors should take note, as this is a significant event for the company through providing six-month clinical results on the second cohort of four patients (numbers 3-6), and also providing a PET scan which shows neuroinflammation in the brain (microglia). ECTRIMS is the world’s largest research meeting in multiple sclerosis and will be held October 11-13 in Milan, Italy. Tiziana also recently announced the acceptance of a publication in the prestigious journal Proceedings of the National Academy of Sciences (PNAS) of its study validating the mechanism of action (MoA) using intranasally administered foralumab in Alzheimer’s disease (AD). The published study concluded that “nasal anti-CD3 has the potential to be a non-toxic novel immunotherapeutic approach for the treatment of Alzheimer’s disease (AD)”, which further supports the Company’s hypothesis for the use of foralumab in neurodegenerative disease. Key highlights from the Journal included: The authors conclude that “nasal anti-CD3 has the potential to be a non-toxic novel immunotherapeutic approach for the treatment of Alzheimer’s disease (AD)” FDA has cleared the IND for intranasal foralumab, a fully human anti-CD3 monoclonal antibody, for human study in mild to moderate Alzheimer’s Disease The publication shows anti-CD3 monoclonal antibody (mAb) administered intranasally, ameliorates disease in a 3xTg model of Alzheimer’s disease by targeting microglial activation in the brain, while expanding regulatory T cells in the periphery Remarkably, this reduced microglial activation and improved cognition occurs independent of amyloid beta disposition. The full publication can be found HERE Tiziana’s Foralumab Is A Promising Treatment With Potential To Treat Multiple Neurological Diseases “The anti-CD3 target is established and it’s validated,” said Tiziana COO and CMO Mathew Davis at a recent conference. “We are the only company that is delivering this intranasally. We are the only company that is in the clinic with a fully human anti-CD3 antibody.” The anti-CD3 monoclonal antibody used in Tiziana’s Foralumab binds to the CD3 receptor on the surface of T cells, typically used as a way to suppress the immune system to prevent transplant rejection or treat autoimmune disease. The challenge in treating these kinds of conditions has long been finding the balance between suppressing the immune response to protect the patient without harming the body’s ability to fight off actual threats like viral infections and bacteria. However, research shows that anti-CD3 antibodies can do just that. They are able to selectively dampen the autoimmune response – when the dysregulated immune system attacks the body’s own cells and tissue – without limiting its ability to detect and respond to external threats. The promising new treatment approach has already sparked interest from pharmaceutical industry leaders like Sanofi SA (NASDAQ: SNY), which just acquired an anti-CD3 therapy being developed for type 1 diabetes in a $2.9 billion acquisition of Provention Bio, Inc. Tiziana’s Foralumab is the only anti-CD3 monoclonal antibody treatment in clinical trials that is fully human — a significant differentiator as these tend to come with fewer adverse reactions than those that are genetically engineered. It’s also the only one that’s delivered via an intranasal spray, making it less invasive than an infusion and allowing it to travel directly to the T cells in the patient’s lymph nodes. In the neurological diseases that Tiziana is focused on, this formulation has allowed its lead drug candidate to bind to regulatory T cells, then these T cells activate and create Tregs which are specifically tasked with maintaining homeostasis and preventing the immune system from attacking itself. Once Foralumab creates these Tregs, they can cross through the blood-brain barrier and help fight neuroinflammation at its source. Tiziana Highlights Past Results And Upcoming Milestones Across Foralumab Clinical Trials During a recent investor conference, Davis focused on the exciting results Tiziana has seen so far from its clinical trials and highlighted some of the upcoming milestones and plans for the year ahead. Its lead program is in non-active secondary progressive multiple sclerosis (SPMS), a more severe stage of the debilitating disease that currently has no FDA-approved treatment. Instead, the standard of care typically involves treating the patient with Ocrelizumab, an anti-CD20 monoclonal antibody sold under the brand name Ocrevus by Genentech, a subsidiary of Hoffmann-La Roche AG (OTCQX: RHHBY). But the drug is not always as effective for SPMS patients as it is for other forms of MS. In fact, Davis noted that all of the patients in its clinical trials had previously tried Ocrelizumab and discontinued it when their symptoms continued to progress. In its ongoing expanded access program, for example, the Tiziana COO and CMO spoke about a patient who had discontinued the anti-CD20 treatment in 2021 when his condition had become so bad that he could no longer walk more than 100 feet without assistance. The non-active SPMS patient enrolled in Tiziana’s expanded access program in January 2022. “By the end of 2022, he was able to walk without assistance,” Davis said. “He’s back in his job and, as of this recording, he continues to walk without assistance.” In the biopharma’s most recent data readout, other patients from the expanded access program started to show similar improvement. Three of the four patients currently enrolled saw their fatigue scores decrease after three months. Meanwhile, a phase 1 trial found that microglia – a part of the innate immune system inside the brain – had significantly decreased activation in the brains of 5 out of 6 treated patients after three months. Davis said another data readout is expected soon, detailing the results from the expanded access program after six months of treatment. Tiziana has begun clinical site selection and plans to start a phase 2a trial in non-active SPMS before the end of this year with topline data expected by the end of 2024. The clinical-stage biopharma is also investigating Foralumab for Alzheimer’s disease (AD), another progressive neurological disease with an urgent need for better treatment options. Tiziana just received FDA approval to begin a phase 2 study in AD, and the company plans to launch that trial in the first half of next year. A press release on the acceptance from the Proceedings of the National Academy of Sciences (PNAS) can be found HERE along with the full publication HERE titled “Nasal Administration of anti-CD3 monoclonal antibody (mAb) ameliorates disease in a mouse model of Alzheimer’s disease”. To learn more about Tiziana, click HERE This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 05, 2023 09:15 AM Eastern Daylight Time

Interactive Strength Works To Sign Binding Acquisition Agreement That Would Transform The Digital Fitness Company Into A Profitable, High-Growth Business Across B2B and B2C Markets

Benzinga

By Rachael Green, Benzinga Interactive Strength, Inc. (NASDAQ: TRNR), doing business as FORME, is currently working towards signing a definitive agreement to acquire a connected hardware “target” after announcing a non-binding letter of intent last month. The combined Company is projected to generate $10 million in 2023, more than $25 million in gross revenue in 2024, and is expected to be cashflow positive and adjusted EBITDA profitable by the fourth quarter of 2024. The potential transaction is expected to accelerate FORME’s commercialization path, result in immediate scale across all functions and create a high-growth and profitable platform that sells connected hardware/software fitness platform across B2B and B2C channels. The premium smart home gym and virtual personal training provider is aiming to execute a definitive acquisition agreement by the fourth quarter of this year. Here are some of the growth opportunities investors can look for as FORME works toward a binding agreement by the end of this year. The Potential Acquisition Would Create A Significantly Scaled Up Connected Fitness Equipment Business “We believe this will be a transformational acquisition that can accelerate our commercialization path,” said FORME Founder and CEO Trent Ward. “We expect this transaction can help us achieve immediate scale across all of our cost centers, resulting in a high-growth, profitable platform that sells connected fitness equipment and digital fitness services across B2B and B2C channels.” In addition to scaling FORME’s sales, engineering, logistics and other functions, the connected fitness acquisition would be a synergistic merger that would immediately create cross-selling opportunities across both FORME’s and the target’s customer base. It also has the potential to bring in a strong B2B distribution partner for FORME’s premium smart home gym equipment, allowing FORME to ramp up its commercialization efforts. Combined, FORME and the target acquisition are projected to bring in over $10 million in gross revenue for 2023 and over $25 million in for 2024, achieving both positive cash flow and positive adjusted EBITDA by the fourth quarter of next year. The Upside Potential Of FORME’s Transition To A B2B-Led Platform Right now, FORME primarily targets the B2C market, offering smart home gym equipment and a variety of virtual personal training plans directly to consumers. But as the rapid decline of Peloton (NASDAQ: PTON) suggests, that home fitness market just isn’t big enough to sustain long-term growth as post-pandemic consumers return to the gym. Peloton recently reported net losses of over $241 million for its fourth quarter, as sales and subscriptions continue to decline. FORME has a differentiated market strategy that addresses changing consumer habits and developed a flexible approach to its B2C segment. The Company offers both premium equipment and a range of monthly subscription options at different price points that offer live one-on-one coaching with a personal trainer through the user’s connected fitness mirror or their mobile device. But its biggest growth opportunity comes from its pivot into the B2B space, delivering its equipment and services to hotels, gyms and other enterprise customers that want to offer premium fitness options to their customers. FORME has already made some moves in this B2B channel but the potential acquisition, which is said to derive most of its sales from the B2B space, would dramatically increase its exposure to that more profitable, more scalable market. This would allow FORME to become a B2B-led platform while still maintaining and growing its B2C channel, potentially sidestepping the profitability challenges faced by Peloton and other B2C-focused companies in the connected fitness space. In an August report on FORME, Goldman Small Cap Research calls the digital fitness platform “a rare, high growth, low valuation firm offering significant upside potential.” Goldman cited the potential acquisition slated for the fourth quarter as well as the opportunity for similar deals in the future as FORME targets other acquisitions over the next few years. To watch a video with the product in action, CLICK HERE This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 05, 2023 09:15 AM Eastern Daylight Time

Ethical Web Data Collection Initiative Launches Certification Program

Ethical Web Data Collection Initiative

The Ethical Web Data Collection Initiative (EWDCI) is an industry-led consortium of web data collectors focused on strengthening public trust, promoting ethical guidelines, and helping businesses and their customers make informed data extraction choices. The association aims to raise the bar for ethics in the process widely known as “data scraping” with the goal of enhancing trust—a key component of a free, fair, and open Internet. This international, industry-led, and member-driven consortium is announcing an accreditation program developed to bring greater accountability and build consumer confidence in the data collection industry. Over the past several months, the EWDCI has collaborated on a set of core web scraping principles that revolve around legality, ethics, ecosystem engagement, and social responsibility, inviting everyone from across the globe to participate in the development of these principles. The EWDCI launched a public comment period to gather insights that zero in on the most important concerns of companies and individuals about how data is gathered and used. We are proud to announce the launch of the EWDCI accreditation program, wherein eligible companies can receive an EWDCI Certified designation. All companies that receive the EWDCI Certified designation are showing the world that they adhere to these agreed-upon principles and the highest degree of ethics when collecting public web data, while also further advancing the industry’s best practices and accountability. Starting today, companies may apply to become EWDCI Certified. We encourage companies who collect and manage web data to join the consortium—and, most importantly, join the conversation to further develop these principles. The inaugural group of web data aggregators that have earned EWDCI accreditation includes Coresignal, Oxylabs, ProxyEmpire, Rayobyte, Smartproxy, and Zyte. The EWDCI Certified designation isn’t so much the result of our work but rather the culmination of the first stage of a longer process. The web data collection industry is still young, but it’s growing very quickly. As more data-hungry AI tools fall into corporate and private hands, there is a limited opportunity to shape how data-collection practices are developed and perceived. This is why the EWDCI is dedicated to defining positive and beneficial uses of the important abilities and potential of data collection and aggregation at scale. The EWDCI is now focused on furthering the consortium’s mission and scope of practice through the acquisition of public commentary on various topics, which include: How scraped data can be used to ethically train large language models (LLMs) and generative AI models Government access to data and due process Balance between scrapers and target websites Privacy compliance when scraping personal data Preventing tactics that undermine consent and consumer choice Anti-stalkerware efforts “The EWDCI seal is a crucial stamp of approval, but it’s also a way to build industry-led influence with a clear goal of making the free and open Internet a better and safer place,” said Christian Dawson, Executive Director of the i2Coalition. Companies working with web data collection can earn the EWDCI Certified designation by contacting Hilary Osborne at hilary@i2coalition.com. About the Ethical Web Data Aggregation Integrity Initiative The Ethical Web Data Collection Initiative (EWDCI) seeks to foster cooperation in the web data collection and aggregation industry and leverage collective first-hand knowledge and insights to advocate for beneficial technical standards and business best practices regarding the extraction of web data. The EWDCI is dedicated to serving as the voice of the industry, collaboratively strengthening public trust in the practice of data scraping, promoting ethical guidelines, and helping businesses make informed data extraction choices. Learn more about the EWDCI: www.ethicalwebdata.com About i2Coalition The Internet Infrastructure Coalition (i2Coalition, i2C) is the leading voice for web hosting companies, data centers, domain registrars and registries, cloud infrastructure providers, managed services providers, and related tech. The i2C works with Internet infrastructure providers to advocate for sensible policies, design and reinforce best practices, help create industry standards, and build awareness of how the Internet works. The i2Coalition also spearheaded the creation of the VPN Trust Initiative to establish and promote best practices for that vital industry. Learn more about the i2Coalition: www.i2coalition.com Contact Details Aaron Alberico +1 202-744-0786 aalberico@raynoravenue.com Company Website https://ethicalwebdata.com/

October 04, 2023 09:30 AM Eastern Daylight Time

QYOU Media’s Influencer Marketing Divisions Riding Wave of Industry Growth

QYOU Media

Contact Details Doug Barker +1 437-992-4814 shareholder@qyoutv.com Company Website https://www.valuethemarkets.com

October 04, 2023 07:00 AM Eastern Daylight Time

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Murgado Automotive Group Acquires Two Mercedes-Benz Dealerships in Central Virginia

Murgado Automotive Group

Murgado Automotive Group, a leading automotive retailer with dealer franchises in Florida, Illinois, and New Jersey, today proudly announced its acquisition of two Mercedes-Benz dealerships in Central Virginia. The addition of Mercedes-Benz of Richmond and Mercedes-Benz of Midlothian marks the 25th and 26th dealerships, respectively, to join the Murgado Automotive Group portfolio. The company represents many of the top global automotive brands, ranging from economy to ultra-luxury vehicles. This acquisition aligns with Murgado Automotive Group's long-term strategic plans for expansion into burgeoning markets across the eastern and midwestern regions of the United States. The sale closed on October 3, 2023. No staffing changes have been announced. “Mercedes-Benz of Richmond and Mercedes-Benz of Midlothian have been top performers for decades in Central Virginia,” said Mario Murgado, CEO of Murgado Automotive Group. “I want to thank both the McGeorge family for working with us on this opportunity, and Mercedes-Benz for trusting our company to build on the legacy of the dealerships and one of the most recognizable brands in the world.” Mercedes-Benz has been part of the McGeorge family of dealerships since 1968, as the dealership group has moved and expanded its facilities to better serve Central Virginia's luxury car marketplace. “It's humbling to succeed a dealership group that has been built from the ground up and is now run by a third-generation leader,” said Murgado. “We, too, are passionate about our family-owned operations and are eager to introduce our unique brand of automotive retailing to Central Virginia, all while honoring our predecessors and Mercedes-Benz." Murgado Automotive Group, founded in Miami, Fla. in 2001, is a family-owned and operated automotive retailer with 26 dealer franchises in Florida, Chicago, New Jersey, and now Virginia. The company represents leading automotive brands, including Acura, Alfa Romeo, Audi, Bentley, BMW, Buick, Cadillac, Ferrari, GMC, Honda, Infiniti, Maserati, Mazda, Mercedes-Benz, Porsche, and Volkswagen. With a commitment to exceptional customer service and operational excellence, Murgado Automotive Group has been recognized as one of the top automotive retailers in the United States. More information is available at MurgadoAutomotiveGroup.com. Contact Details John P. David +1 305-724-3903 john@davidpr.com Company Website http://www.MurgadoAutomotiveGroup.com

October 03, 2023 02:18 PM Eastern Daylight Time

Unwiring.org Takes Bold Steps to Reform Social Media For a Healthier, More Connected Future

Unwiring

Unwiring officially launches to empower individuals in the fight against social media's negative impacts and unethical practices. The organization is led by Saahil Mishra and a diverse team of passionate teens who’ve developed several initiatives to catalyze positive change within social media. “I worry about the impact of social media on my generation. A surge in social isolation, mental health issues, disinformation, and political polarization has challenged our connection on both an interpersonal and societal level,” said Saahil Mishra, founder and social media activist. Mishra also serves as a research assistant at Stanford Social Media Lab and writer for the Poynter Institute’s Media Wise. Earlier this year, Mishra participated in his first TEDx Talk event in San Francisco. Unwiring is educating and empowering young people to drive real, representative change within social media. The team curates timely educational resources including a series of self-produced online videos, curriculum on social media’s inner workings and impacts, and editorial pieces centered around the youth perspective on social media’s harms and possible solutions. Unwiring also is hosting a ReDesign challenge for youth to pose ideas for social media reformation this fall and a youth summit in 2024. United States Surgeon General Dr. Vivek Murthy issued a call for urgent action by policymakers, technology companies, researchers, families, and young people alike to gain a better understanding of the full impact of social media use. Recent research shows that adolescents who spent more than three hours daily on social media faced double the risk of experiencing poor mental health outcomes, such as symptoms of depression and anxiety. “When we advocate for internal platform changes, business model regulations, major culture and paradigm shifts, we can together build a healthier more connected future,” adds Mishra. “We invite teens to join us in this important movement by sharing their stories with us.” Visit unwiring.org and engage on Instagram, YouTube, TikTok, X formerly known as Twitter: @unwiring_org. Contact Details Unwiring Anne Shanahan, Community Relations Liaison +1 562-810-3016 ashanahan@unwiring.org

October 03, 2023 08:05 AM Pacific Daylight Time

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This Renewable Energy Company Eliminates The Barriers To Clean Energy Transition By Financing And Managing The Projects For Its Customers

Benzinga

By Rachael Green, Benzinga As demand for renewables continues to grow amid soaring fossil fuel prices and increasingly unreliable grid infrastructure, Correlate Energy Corp. (OTCQB: CIPI) seems to be positioning itself as a key player in the emerging clean energy market. The distributed energy company that provides custom clean energy solutions at no upfront cost to commercial customers reported over $4.1 million in revenue in its second quarter, representing a significant increase over the same quarter last year when it brought in $236,690 in revenue. Here’s a look at how Correlate’s business model works and what it’s looking forward to in the months ahead. Correlate Removes The Barriers Of Cost And Complexity When Transitioning To Renewable Energy Correlate’s service starts with an in-depth audit of a customer’s existing energy usage and goals. From there, the distributed energy company develops a customized operating strategy that might include a mix of solar installations, battery storage and other microgrid infrastructure along with energy efficiency upgrades and utility contracts. That mix is tailored to the company with the goal of not just helping it transition to clean energy but doing so in a way that both cuts costs and generates positive cash flow. Once the strategy is finalized, Correlate takes it a step further by collaborating with its existing network of solution providers and co-developers to actually implement those solutions at a cost-effective price, nationwide – while also often providing 100% financing so that Correlate’s customers aren’t paying any upfront costs. In May, for example, Correlate announced that it had secured $11.9 million in financing to build a 5.2-megawatt solar project for the EnerSys headquarters in Reading, Pennsylvania. Installation began in Q3, and when completed, it will become one of the largest commercial solar installations in Pennsylvania to date. In July, the company announced a joint venture with eDGe Renewable Partners to deploy up to $100 million in initial financing as well as technical and engineering resources to support solar energy projects and microgrid infrastructure nationwide for partners. After implementation, Correlate continues to work with that customer to monitor and maintain that new energy system using the company’s proprietary systems. For customers, this model eliminates the complexity, time and upfront costs of transitioning to clean energy. For Correlate, it helps reduce that initial resistance to making that transition while forming multiyear relationships with customers that could yield future sales opportunities. Renewable Energy Is Rapidly Becoming More Affordable Over The Long Term Compared To Fossil Fuel In an interview with Financial Survival Network, Correlate CEO Todd Michaels spoke about the rising costs and increasing volatility and unpredictability that come with existing non-renewable fuel sources like oil, coal, or natural gas. “The compounded average increase on electricity is 7% right now,” Michaels said. “It might go down one year because of some change. But on a compounded basis, it has never gone down since the 70s.” Meanwhile, a renewable source like solar has not only gotten cheaper over the years as technology advances, it gets even cheaper over the long term because generating your own power eliminates the risk of fluctuating fuel input costs. Moreover, with a microgrid – a series of technologies that give you the option to switch between pulling power from the grid or pulling it from your power source – you’re no longer at the mercy of a centralized grid that could be taken down by, say, a wildfire if you’re in California or a heat wave if you’re in Texas. “If the grid goes down because of a weather event,” Michaels explained. “You can choose to go off the grid and operate your own with your own sources of generation, storage, and managing your loads.” What was once relegated to a handful of early adopters has now become something that just makes economic sense. However, the cost of installing that clean energy infrastructure and the complexity of navigating a renewable energy industry that is still highly fragmented and confusing have become huge barriers even for companies who want to make the transition. That’s why Correlate provides a service as comprehensive as it does. By offering 100% financed solutions and coordinating the installation and monitoring and maintenance afterward, Correlate makes it as easy as possible for companies to achieve their energy goals. Moving forward, Correlate will make that unique approach even more cost-effective through its upcoming M&A strategy aimed at scaling its operations and services to improve efficiency and expand its range of solutions. “There’s a huge opportunity to work with decade-old businesses that are doing good work but don’t have sophisticated systems and processes, the ability to raise capital, or the project finance team to help fund their projects,” Michaels said during the interview. To help structure those potential partnerships and acquisitions, it appointed Eli Albrecht to its board of directors last month. The acclaimed M&A lawyer with extensive experience in the renewable energy sector will help the company drive roll-up opportunities in the highly fragmented clean energy landscape. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 03, 2023 09:00 AM Eastern Daylight Time

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