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Tech cross-border M&A on record pace in First Half of 2021 according to data from Velocity Global and PitchBook

Velocity Global

Deal multiples return to 2019 levels Cross-border software deals skyrocket Cross-Border M&A Monitor: Tech Sector released today Cross-border tech merger and acquisition deals accelerated in the first half of 2021, on a record pace in transactional volume. That data from PitchBook was released today in the Cross-Border M&A Monitor: Tech Sector published by Velocity Global, the leading provider of global employment solutions. The late surge of activity in 2020 continued through the first half of this year with approximately 1,000 cross-border tech deals closed, for an aggregate of $139.9 billion. “The deal multiple increased in the first half of this year and returned to 2019 levels, which indicates investor confidence in global economic recovery,” said Rob Wellner, Velocity Global chief revenue officer. “Increased multiples drive an even greater need for pre-deal preparation and successful integration after close.” Software value already tops 2020 The value of cross-border M&A deals for Software companies in the first six months of 2021 already topped full-year values for 2020 at over $100 billion. “The pandemic accelerated digital transformations, funneling budgets to build or buy the necessary tools,” added Wellner. “The acquirers are tech and non-tech alike, with tech adding to their stack, and non-tech adding to their in-house capabilities.” Pandemic Operations Drive Cross-Border M&A Interest As evidenced by the increase in median deal size in cross-border tech M&A, dealmakers paid up with confidence. Cross-border acquisitions require businesses to navigate a distributed workforce, and the global pandemic prompted companies of all sizes to invest in the proper resources. “Integration will always have complexities like country-specific labor laws and regulations, but companies are more willing than ever to invest in cross-border diversification and leverage tools to manage a distributed workforce,” said Wellner. “Work from home is really no different than work from another country as it relates to workflow and employee engagement.” Download the Cross-Border M&A Monitor: Tech Sector here. About Velocity Global Velocity Global accelerates the future of work beyond borders. Its global work platform simplifies the employer and employee experience through proprietary cloud-based workforce management technology, personalized expertise, and unmatched scale. As the largest global Employer of Record (also known as International PEO) in 185 countries and all 50 United States, more than 1,000 brands rely on Velocity Global to build global teams without the cost or complexity of setting up foreign legal entities or state registrations. The company offers additional services including Independent Contractor Compliance to assess a workforce, and Agent of Record (AoR) to streamline payments to contractors. Velocity Global was named a “Leader” in Global Employer of Record services by prominent analyst firm NelsonHall. Founded in 2014, the company has hundreds of employees across five continents. For more information visit velocityglobal.com. Contact Details John Hall +1 720-650-4348 news@velocityglobal.com Company Website https://velocityglobal.com/

August 24, 2021 07:02 AM Mountain Daylight Time

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Cloud Conventions Introduces SafetyNet to Create a Virtual Backup Plan for Live Events

Convey Services

Cloud Conventions today introduced SafetyNet ™, a new program to provide a virtual event backup options for associations, tradeshows, event managers or trade groups that have a live event scheduled now or in the near future. SafetyNet provides a standby virtual event platform that can be activated if needed when attendance for a live event declines or if there is a requirement to pivot to an all-virtual program. A SafetyNet platform can be brought online in a matter of days without technical support or programming. Cloud Conventions is a sophisticated event management platform that redefines the attendee and exhibitor experience with a strong focus on delivering virtual and hybrid events, regardless of size or budget. “It seems like a repeat of 2020 as event managers, associations and other trade groups are struggling to decide if they should cancel their live event, shift to virtual or hybrid, or take other precautions to make attendees and exhibitors feel safe,” said Carolyn Bradfield, CEO of Cloud Conventions. “Any group hosting live events today needs a virtual backup plan that can be activated to ensure attendees and sponsors can participate in industry sessions, continuing education and still make connections that they would miss when they can’t attend in person.” SafetyNet maintains a low-cost Cloud Conventions virtual platform on standby behind a private login until required. It is hosted on a custom URL, is fully branded, customized and organized to host live or on-demand sessions, exhibitor and sponsor booths or provide a resource center for all event-related content. Attendees can be imported from a live event registration system and have their record transferred to SafetyNet including demographics and event access permissions. Sponsors are assigned a virtual booth template and configured to go live without technical assistance, in a matter of hours. “Now that live events have partially returned, many groups ask themselves if virtual events are worth it, so they only focus on their in-person event, often to their detriment,” added Bradfield. “A 2020 study of 1,000 respondents, ‘ Association Trends: From Disruption to Opportunity’ produced by Community Brands, details that having a virtual option for membership participation has changed from a nice-to-have to a must have. Some live events scheduled for the fall of 2021 are being abruptly cancelled due to on-going COVID risks. This is clearly an indicator that the pandemic is far from over. A SafetyNet option is the best insurance that the show will go on, no matter what.” SafetyNet is offered for a low, setup fee to create a fully branded and configured virtual environment. If the organizer chooses to go live with a hybrid or all-virtual event, the setup fee applies to the event package. Show managers can choose as much or as little assistance from Cloud Conventions to bring their event online quickly with all the features needed to educate and engage attendees. Having a virtual option guarantees a rewarding experience for attendees, better ROI for sponsors and ensures smoother event operation for organizers. Explore SafetyNet at: https://cloudconventions.com/page/139455/safetynet. About Cloud Conventions Cloud Conventions from Convey Services is Cloud Conventions is an enterprise virtual/hybrid event management platform that redefines the exhibitor and attendee experience to allow companies to provide easy access to in-depth product information, showcase their brands with graphics and videos, create calls to action and generate immediate sales leads. Used around the world for large managed events and smaller self-directed meetings, conferences and corporate kickoffs, Cloud Conventions automates exhibitors and virtual booths, continuing education, speaker sessions and reminders, invitations and email communication, while at the same time producing detailed analytics on attendee, session and exhibitor activity. Cloud Conventions supports multiple languages and currencies, internal, external and single-sign on registration, and supports all conferencing carriers and platforms. Trade Associations and event managers can explore all of the Cloud Conventions solutions by visiting https://cloudconventions.com or contacting info@cloudconventions.com or call 888-975-1382. Cloud Conventions™, Community™, SafetyNet™, Cloud Kickoffs™, Conduct™, One-Touch Email Share™, Hub & Spoke™, 360° Virtual Exhibit Hall & Lobby Experience™ and ListLock™ are trademarks of Convey Services LLC Contact Details Bruce Ahern +1 770-580-0810 bahern@conveyservices.com Company Website https://cloudconventions.com

August 19, 2021 10:29 AM Eastern Daylight Time

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GET Group North America Teaming with Scytáles to Demonstrate Global Mobile Driver’s License Interoperability at AAMVA’s AIC 2021

GET Group North America

GET Group North America, an innovative developer of mobile ID technology with over 20 years of experience in secure government credentials, will be demonstrating GET Mobile ID and GET Mobile Verify alongside its international technology partner, Scytáles, at AAMVA’s 2021 International Conference. Together, the companies will be demonstrating how a mobile driver’s license (mDL) solution that is fully compliant with the ISO 18013-5 standard allows people to use their Mobile ID worldwide through secure, contactless interactions that also safeguard their privacy. Select attendees will be able to get their personalized mDL and travel between GET’s booth, representing America, and Scytáles’ booth, representing Sweden. These mDL holders will complete mock TSA, banking and age-based purchase transactions and collect giveaway items. “The successful adoption of large-scale mobile driver’s license adoption hinges not only on the ability for an mDL issued in one’s home state to be accepted across the USA, but also to be recognized internationally as a legal form of ID,” said David Kelts, director of product development, mobile ID, GET Group North America. “Creating a truly global mDL ecosystem requires technology that fully complies with the ISO standard for mobile ID, and that’s the full solution GET and Scytáles offer now and will be demonstrating.” “Many jurisdictions around the world are moving towards a mobile driver’s license offering and should make sure they’re choosing technology that adheres to internationally-recognized security and interoperability standards,” said Geoff Slagle, president & chief business development officer at Scytáles. “North Americans travel extensively. Investing time and resources in the transition to mDL could slow if jurisdictions don’t ensure their digital credentials comply with the larger ecosystem – and we’re very excited to demonstrate how that’s possible at AIC 2021.” The Utah Driver License Division (DLD) is currently conducting an mDL pilot using GET Group North America’s technology, making it the first in the country where both ID Issuer and businesses are fully ISO 18013-5-compliant. Utah Community Credit Union and Harmons Grocery have been among the first to pioneer implementation of verification technology that allows state-issued mDLs to be accepted without the subjectivity of visual inspection. mDL also facilitates totally contactless ID checks that put the citizen in control of the data they share based on the nature of the transaction. GET Group North America will be in booths 512 & 513 at the AAMVA Annual International Conference taking place August 31-September 2, 2021, in Denver, CO. Scytáles will be in neighboring booths 510 and 511. Representatives from the Utah Driver License Division will be able to share their experience piloting mDL technology. Scytáles will have a delegation from Europe to discuss the significance of global interoperability. Schedule a demo at the show here; or for media inquiries contact rita.murphy@svmpr.com. About GET Group North America GET Group North America and its partners develop, manufacture, and implement end-to-end solutions for secure physical and mobile credentials that enable government agencies, motor vehicle departments, municipalities law enforcement organizations, and other entities to leverage the latest in secure identity management technologies. From photo ID cards, driver’s licenses and passports, to mDLs and mIDs, GET Group NA delivers advanced issuance, verification and personalization capabilities that prevent identification fraud, accommodate diversified customer needs, and support the future of ID use cases. Contact Details SVM Public Relations Rita Murphy +1 401-490-9700 Rita.murphy@svmpr.com Company Website https://getgroupna.com/

August 18, 2021 11:00 AM Eastern Daylight Time

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Velocity Global Wins Company of the Year in Best in Biz Awards 2021 International

Velocity Global

Company wins top award in Business to Business category Independent global business awards judged by prominent media including Bloomberg News, Huffington Post, TechRadar, and others Velocity Global is the gold winner in the Company of the Year business-to-business category in Best in Biz Awards 2021 International, the only independent global business awards program judged each year by prominent editors and reporters from top-tier publications from around the world. “This award recognizes the hard work of our team in a year that forever changed the work landscape,” said Ben Wright, Velocity Global founder and CEO. “Living our ‘People-First’ brand, we prioritized the jobs and safety of our teammates and supported employees for our clients. We achieved significant growth in a difficult year for many. That momentum paved the way for us to make two acquisitions this year as we build upon our leading global work platform.” The company’s global work platform simplifies the employer and employee experience through proprietary cloud-based workforce management technology, personalized expertise, and unmatched global scale. Users access a streamlined technology interface as well as partner with a dedicated experienced team for individualized solutions and expertise. Winners in the 9th annual program were determined based on scoring from an independent panel of judges from a wide spectrum of top-tier publications and media outlets from 10 countries. Each year, only editors, writers, and contributors to business, consumer, financial, trade, and technology publications, as well as broadcast outlets and analyst firms, serve as judges in Best in Biz Awards. The program’s uniqueness stems, in part, from this distinct composition of its judging panels, enabling it to best leverage the judges’ unparalleled expertise, experience, and objectivity to determine award winners. This year’s judging panel included writers and contributors to such publications as Bloomberg News, Data Breach Today, HTMAG (Israel), Huffington Post, NDR (Germany), Panorama Magazine (United Arab Emirates), Small Business IT (Canada), TechRadar (UK), as well as other outlets from Brazil, Canada, India, United Kingdom and more. For a full list of gold, silver, and bronze winners in Best in Biz Awards 2021 International, visit http://intl.bestinbizawards.com/intl-2021-winners. About Velocity Global Velocity Global accelerates the future of work beyond borders. Its global work platform simplifies the employer and employee experience through proprietary cloud-based workforce management technology, personalized expertise, and unmatched scale. As the largest global Employer of Record (also known as International PEO) in 185 countries and all 50 United States, more than 1,000 brands rely on Velocity Global to build global teams without the cost or complexity of setting up foreign legal entities or state registrations. The company offers additional services including Independent Contractor Compliance to assess a workforce, and Agent of Record (AoR) to streamline payments to contractors. Velocity Global was named a “Leader” in Global Employer of Record services by prominent analyst firm NelsonHall. Founded in 2014, the company has hundreds of employees across five continents. For more information visit velocityglobal.com. About Best in Biz Awards Since 2011, Best in Biz Awards has made its mark as the only independent business awards program judged each year by a who’s who of prominent reporters and editors from top-tier publications from North America and around the world. Best in Biz Awards honors are conferred in two separate programs: North America and International, and in more than 90 categories, including company, team, executive, product, and CSR, media, PR, and other categories. For more information about the International program, see: http://intl.bestinbizawards.com. Contact Details Velocity Global John Hall +1 720-650-4348 news@velocityglobal.com Company Website https://velocityglobal.com/

August 18, 2021 07:02 AM Mountain Daylight Time

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BEE Hits 10K Subscribers for BEE Pro, Company Poised to Accelerate Growth in H2

BEE

BEE, a business unit of Growens and premier digital content design platform, has announced it recently reached a milestone of 10K paid subscribers for its BEE Pro product. BEE Pro is the fastest, no-code email and landing page design suite on the market, appealing to freelancers, teams and agencies that need to design digital content faster and more independently. BEE is poised to grow substantially over the next three years, focusing on expansion within its user base and acquisitions. According to Adobe, there will be 4.7 billion people designing digital content by 2023. As the volume of digital content increases, marketers and content creators look for new ways to produce it quickly and efficiently. BEE Pro exists precisely to satisfy that growing demand, giving everyone the tools they need to design beautiful, mobile-ready, high-converting campaigns without compromising brand identity or team bandwidth. “This growth is a direct result of our product-led model. Since day one, people have been able to click on ‘Start designing’ on beefree.io and create emails and landing pages in two clicks. As they experience the value of the free product, many opt to stay, and that’s how we passed 10,000 paying customers last month.” said Massimo Arrigoni, CEO of BEE and a big believer in product-led growth for many years. “We’re certainly not stopping here: we continue to invest into the product, with smart features like Mobile Design Mode - which allows people to design directly in mobile view - better collaboration features like commenting and real-time co-editing, and higher productivity features, like being able to go from email to landing page (and vice versa) in just a few clicks. People love BEE Pro (NPS is a very high 56 so far this year), and the addressable market of those that need no-code, fast, easy design tools is huge: so we truly believe that we’re just getting started.” BEE as a tool can help facilitate collaboration on newsletters, transactional emails, product launch pages, custom home pages for newsletters, and more. Individuals in all types of work environments can design everything in one place helping to keep projects easily organized and ready to be used anywhere. To learn more about BEE Pro please visit our website at beefree.io. About BEE: BEE provides no-code design tools that empower everyone to quickly create content that resonates. BEE’s visual builders are used to design emails, landing pages, one-page sites and more. They deliver fantastic design flexibility and a great user experience, combining granular control on design elements with handy features like editing content directly in mobile view. BEE is building on its vision to help democratize content design, with millions of monthly users in over 20 languages and from over 150 countries. BEE’s design tools are available online at beefree.io and embedded in 600+ SaaS applications. Contact Details Angelina Kaliszak angelina@kitehillpr.com Company Website https://beefree.io/

August 18, 2021 09:00 AM Eastern Daylight Time

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Sage Communications Recognized as a PRNEWS Elite Top 100 Agency

Sage Communications

Sage Communications, a leading technology and public sector marketing and public relations agency in the Washington, D.C. metro region, announced today it was named to PRNEWS ’ 2022 Agency Elite Top 100 List. The national catalogue celebrates the top communications firms that represent their clients through innovation, strategy and creativity, while driving the best results, reputation, media coverage and thought leadership. “This recognition is a true testament to the hours of hard work our team members put in on a daily basis and the awe-inspiring stories our clients have to tell,” said Julie Murphy, senior vice president of public relations. “We take great pride in the work we do for our incredible clients in technology, government, education and beyond, and are grateful to be recognized among the industry’s best.” The top 100 list ranges from small boutique agencies to some of the largest global firms in the world. Honorees were chosen based on successful case studies, client testimonials and noteworthy capabilities that stand out in the PR and communications arena. Founded in 2003, Sage is known for its tactical support to clients across cybersecurity, technology, government and more. The company’s work in public relations and social media, combined with marketing, lead generation and events, has served the D.C. area for almost 20 years, and continues to grow. View the 2022 PRNEWS Agency Elite Top 100 list by visiting https://bit.ly/3m8dsne. To learn more about how Sage can help tell your organization’s story, visit www.aboutsage.com. About Sage Communications Located in the Greater Washington, D.C. area, Sage Communications is a full-service marketing communications and public relations agency providing strategic marketing services to technology, government, healthcare, pharmaceuticals, non-profits and consumer-oriented organizations. The company provides a unique fusion of traditional and digital services that include public relations, advertising, marketing, branding, social media, interactive services, and event management to Fortune 500 companies, start-ups, non-profits, government agencies, associations and coalitions to deliver custom, high-impact communications programs. Sage supports several organizations and activities including the Leadership of Greater Washington, DC Jazz Festival, Access Youth, and The Children’s Inn at NIH. For more information, please visit our website at www.aboutsage.com or visit us on Twitter and LinkedIn. Contact Details Sage Communications Mike Atkinson +1 703-891-5686 matkinson@aboutsage.com Company Website https://www.AboutSage.com

August 18, 2021 08:35 AM Eastern Daylight Time

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COMCAST NAMES JOHN KELLER SENIOR VICE PRESIDENT FOR THE MOUNTAIN WEST REGION

Comcast Colorado

Comcast today announced John “J.D.” Keller as the new senior vice president for the company’s Mountain West Region, succeeding Amy Lynch who was named Comcast West Division’s senior vice president of Customer Experience and Customer Operations. In this role, Keller is the top executive responsible for customer experience, sales, operations, and financial performance for the region. Keller will report to Rich Jennings, president of Comcast’s West Division, and will oversee Comcast’s operations serving Colorado, New Mexico, Utah, Tucson, AZ and parts of Idaho with more than 2.5 million residential and business customers and managing more than 2,500 employees. Keller previously held the role of senior vice president for the Comcast Twin Cities Region, a position he held for four years. Under his leadership, the region experienced strong growth, operational excellence, and continued commitment to advancing digital equity in our communities and enhancing customer experience. Keller came to Comcast from the security services industry, where he served in several senior leadership roles, and lead that company’s largest region with more than 4,000 employees. “My family and I are excited to be moving to the Denver area, and I’m looking forward to leading the Comcast Mountain West team,” said J.D. Keller, senior vice president, Comcast Mountain West Region. “I’m eager to collaborate with local business, community, education and nonprofit leaders to create meaningful change in our communities and connect people to more of what they love.” “J.D. is a strong, innovative leader at Comcast dedicated to our employees and operational excellence,” said Rich Jennings, Comcast West Division president. “His track record for bringing teams together as well as his focus in and on the community will serve us well guiding this important, multi-state region.” A native of Utah, Keller earned a bachelor’s degree in communications from the University of Utah and a master’s degree in business administration from the University of Phoenix. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with over 56 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Comcast Leslie Oliver +1 303-810-6326 leslie_oliver@comcast.com Company Website https://colorado.comcast.com/

August 17, 2021 11:44 AM Eastern Daylight Time

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Cyvatar’s Stephanie Simpson Named a Finalist for the Top 10 Women in Cybersecurity at the 2021 Black Unicorn Awards

Cyvatar

Cyvatar today announced the selection of another member of its senior executive team as a finalist for outstanding achievement at this year’s Cyber Defense Magazine Black Unicorn awards, announced during the 2021 Black Hat USA conference. Stephanie Simpson, vice president of platform management, was chosen as a finalist for the Top 10 Women in Cybersecurity; she competed against the industry’s leading cybersecurity experts for this prestigious award. “We’re pleased to name Stephanie Simpson as a finalist for the Top 10 Women in Cybersecurity among an elite group of female information security professionals at the third annual Black Unicorn awards,” said judges Robert R. Ackerman Jr., David DeWalt, Dr. Peter Stephenson, and Gary Miliefsky. “This year’s competition was fierce, and she should be proud of her achievement.” Stephanie was selected from women around the world who vied for top honors. She has two decades of software product leadership, from ideation to launch, to fill gaps in the industry and meet customer needs. She has brought many award-winning innovations to market including Cyvatar’s cybersecurity-as-a-service (CSaaS) platform, developed with fellow Black Unicorn winner Craig Goodwin. As an engineer, Stephanie is no stranger to disruptive technologies, and customers and colleagues alike benefit from her passionate, transformative leadership style. “Female technical talent in cybersecurity is hard to find, and we’re fortunate to have such an accomplished practitioner as Stephanie on the executive team at Cyvatar,” said Corey White, Cyvatar co-founder and chief executive. “Diversity and inclusion are foundational to our success, which makes Stephanie’s vision, energy, and leadership vital as we recruit top talent across the organization.” Only Cyvatar offers subscription-based CSaaS designed to provide outcomes, continuous remediation, ongoing solution maintenance, and the ability for all of its customers to execute their security strategies at speed and scale. Find out how CSaaS can work for your business at cyvatar.ai. About Cyber Defense Awards This is Cyber Defense Magazine’s 9th year of honoring cybersecurity innovators, in this case the Black Unicorn Awards for 2021 on our Cyber Defense Awards platform. In this competition, judges for these prestigious awards includes cybersecurity industry veterans, trailblazers and market makers Gary Miliefsky of CDMG, Dr. Peter Stephenson of CDMG, Robert R. Ackerman Jr. of Allegis Cyber and David DeWalt of NightDragon with much appreciation to emeritus judge Robert Herjavec of Herjavec Group. To see the complete list of finalists for the Black Unicorn Awards for 2021 please visit https://cyberdefenseawards.com/black-unicorn-awards-finalists-2021/ About Cyvatar Cyvatar is committed to making cybersecurity effortless for everyone. As the industry’s first subscription-based, cybersecurity-as-a-service (CSaaS) company, it’s our mission to transform the way the security industry builds, sells, and supports cyber solutions. We empower our members to achieve successful outcomes by providing expert advisors, proven technologies, and a strategic process roadmap to guarantee results that map to their business drivers. Our approach is rooted in proprietary ICARM (installation, configuration, assessment, remediation, maintenance) methodology that delivers smarter, measurable security solutions for superior compliance and cyber-attack protection faster and more efficiently, all at a fixed monthly price. And because we’re a subscription, members can cancel anytime. Cyvatar is headquartered in Irvine, California with locations around the world. Begin your journey to security confidence at https://cyvatar.ai/ and follow us on LinkedIn and Twitter. Contact Details Cyvatar KC Higgins +1 303-434-8163 kc@cyvatar.ai Company Website https://cyvatar.ai/

August 16, 2021 12:00 PM Eastern Daylight Time

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UNFCC Climate Report delivers a message of hope stating 1.5 is within reach if immediate action is taken

North American Marine Environment Protection Association

The Zero Emissions Ship Technology Association (ZESTAs) sees the UNFCC Climate report as a message of hope and believes the authors have made it abundantly clear that it is possible to avert climate catastrophe by pursuing the “very low emissions scenario” within the next two decades. As reported, there are no other options; it is global society’s obligation to act now with “drastic, rapid and large-scale reductions in greenhouse gases to limit global warming to 1.5 degrees”, because it can. ZESTAs is nailing their colours to the mast by starting at true zero with their unprecedented “SHIP ZERO – Charging to True Zero” workshop 1-3 November coinciding with COP 26 in Glasgow, Scotland. ZESTAs’ SHIP ZERO workshop will be the first ever shipping event to align with the IPCC “very low emissions scenario”, by not contemplating the use of fossil fuels or any GHG emitting fuel or technology. “The simple truth is the time for discussion is past – nothing remains but for us to act. Whatever your beliefs, whatever your passions, whatever your politics, insuring that we, as a society are no longer contributing to the end of life as we know it is imperative. This century is about reckoning – the morals, purpose and goals of society must align with the common good in every aspect of life. Sustainability is not just a goal but a social imperative that transcends our societies and presents us with both opportunities and obligations – future societies will either praise us or damn us for our actions today” observed Brent Perry, CEO, Sterling PlanB, Chair of ZESTAs Board of Directors. Only truly zero GHG emissions systems, solutions and technologies will be considered at this workshop. ZESTAs states that the technology to achieve true zero in all sectors of shipping exists today but that weak or misaligned policies and lack of finance are preventing these technologies from upscaling, achieving economies of scale and penetrating the wider market. “We need to stop throwing the ball out to 2050 and investing in half measures that won’t get us where we need to be. We need to invest in true zero now, upscale and shoot for 2030. If we don’t, we have no chance of stopping warming anywhere near 1.5. The IPCC report clearly states we’ve got a shot. We need to take that shot and act now to change policy and finance, allowing zero emissions ship technologies to get to market before 2030” said Madadh MacLaine, ZESTAs Secretary General The SHIP ZERO workshop will feature highly technical presentations, followed by discussions and brainstorming sessions, bringing together shipping stakeholders from; innovation, policy, finance, infrastructure, energy, and the wider shipping sector to combine solutions into an actionable road map. “Our intention is that the outcome of SHIP ZERO is an action plan, a navigational chart to true zero with waypoints based on realizable actions, available technologies, and implementable policies that will keep warming below 1.5 degrees” MacLaine continued. The SHIP ZERO workshop will demonstrate that marinized battery and hydrogen systems are market ready at multi megawatt scales, and that wind propulsion is being installed across the world fleet to delivers significant emissions reductions today. “Wind propulsion uses the power of the wind as a direct renewable energy source and is available everywhere at sea. Any energy taken from wind directly on ships by modern sail technology does not burden the infrastructure that ultimately will be powered by wave, sun and wind, reducing the renewable energy required to produce clean fuels. Wind assisted technology therefore makes all other technologies more feasible. ‘The answer my friends, is blowing in the wind’!” stated Frank Nieuwenhuis, eConowind, ZESTAs Board of Directors, Advisor More good news is that renewable energy and green hydrogen production infrastructure are being rolled out across the globe. From Scotland to Chile, from the United Arab Emirates to Monaco, governments are creating strategies that will achieve a price for green hydrogen that can compete with fossil fuels by the end of the decade. “If shipping is looking for that silver bullet, ZESTAs has a fully loaded chamber and we’re ready to fire” said MacLaine. In light of the "code red for humanity", declared by United Nations secretary-general Antonio Guterres in his response to the IPCC report, ZESTAs calls on governments and regulators to acknowledge that fully developed market ready zero emissions ship technologies exist by creating the policy frameworks necessary for these technologies to have a fighting chance of competing against incumbent fossil fuel technologies and achieve market availability before 2030. “I urge the governments of the world and each person living today to go “all in” – shift away from polluting activities and scale up climate solutions that deliver as close to zero emissions as possible. We still have the opportunity to mitigate the worst effects of climate change. Governments can change policies to support this goal. As individuals we can make changes in our lives directly and speak with our votes to ensure our governments are not watered down by misrepresentative interests that are not focussed on climate management.” Brent Perry, CEO, Sterling PlanB For additional information on SHIP ZERO 26, go to https://zestas.org/ship-zero/. Contact Details NAMEPA Carleen Lyden Walker +1 203-255-4686 executivedirector@namepa.net Company Website https://zestas.org/ship-zero/

August 15, 2021 10:08 PM Eastern Daylight Time

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