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NCMA and NASPO Develop Contract Management Organizational Capability Program to Maintain Public Trust

National Contract Management Association

The National Contract Management Association (NCMA) and the National Association of State Procurement Officials (NASPO) have created a unique, collaborative program designed to improve the competence and capabilities of state public procurement workforce. This program, already in pilot phase, brings together two organizations dedicated to supporting contract and procurement professionals. The Contract Management Organizational Capability (CMOC) program explores the Contract Management Standard™ (CMS™) and the Contract Management Body of Knowledge® (CMBOK®) through the flow of the CMBOK Competency System. The CMOC is comprised of the following content: Foundational Knowledge: The competencies of NCMA’s CMBOK® will serve as the foundation for the program. Added Value Knowledge: The content of NASPO’s “ State & Local Government Procurement: A Practical Guide ” will provide best practices in Public Procurement and establish a link from the CMBOK competencies to State procurement rules and regulations. Targeted Knowledge: The State’s procurement rules and regulations will be discussed with emphasis on areas deemed important by the State. “Leading contract management practice is a direct result of one’s ability to apply leadership, management, and technical competencies as a single, integrated process,” said Kraig Conrad, NCMA CEO. “The launch of the CMOC program instructs the interactive relationships of the CMS and CMBOK domains, competencies, and job tasks, which are independently and jointly performed by buyers and sellers.” Beginning in February, NASPO ran a pilot of the CMOC program with the Washington, D.C. Office of Contracting and Procurement. Through eight weeks of an instructor-led course, paired with online materials, discussion board interaction, assessments, and a final exam, students were eligible to receive 45 CPEs and a certificate of completion. Of the 22 students enrolled in the D.C. pilot program, 100% passed the final exam with an average score of 84% (with a minimum passing score of 70%). “The CMOC program offers a new option for state procurement offices seeking to establish training programs for contract management staff,” said Lindle Hatton, NASPO CEO. “We are proud to be a part of the CMOC creation, and we are excited to continue the rollout to the state procurement offices that NASPO represents. Participants that have completed the CMOC program can be proud of their accomplishments.” George Schutter, Chief Procurement Officer for the Washington, D.C. Office of Contracting and Procurement added, “The District of Columbia Government Office of Contracting and Procurement was honored to serve as the pilot site for the CMOC program. Maintaining public trust is one of our top priorities, and the elements of the certificate program speak directly to that by focusing on recognized standards of competent service. Including District-specific regulations in our course means that our contracting and procurement staff receive customized training that meets their obligations to District citizens.” For more information about the Contract Management Organizational Capability (CMOC) program, reach out to NCMA. The National Contract Management Association (NCMA), which was founded in 1959 and is the world’s leading association in the field of contract management. The organization, which has over 18,000 members, is dedicated to the professional growth and educational advancement of procurement and acquisition personnel worldwide. NCMA strives to serve and inform the profession and industry it represents and to offer opportunities for the open exchange of ideas in neutral forums. To find out more, please visit www.ncmahq.org. NASPO was established in 1947 and is dedicated to advancing Public Procurement through leadership, excellence, and integrity. It is made up of the directors of the central purchasing offices in each of the 50 states, the District of Columbia, and the territories of the United States. NASPO is an organization that helps its members achieve success as Public Procurement leaders through promotion of best practices, education, professional development, research, and innovative procurement strategies. Contact Details NCMA Jennifer Knowlton +1 571-382-1127 jennifer.knowlton@ncmahq.org NASPO Kelly McKown King +1 859-514-9159 KMKing@naspo.org Company Website https://www.ncmahq.org/

June 20, 2022 01:00 PM Eastern Daylight Time

Upgrading the Decaying US Energy Grid with Renewables. Interview with Jim O’Neil Vice Chairman and CEO, Orbital Energy Group, Inc.

Orbital Energy Group, Inc.

Contact Details Orbital Energy Group Investor Relations +1 832-467-1420 investors@orbitalenergygroup.com TraDigital IR Kevin McGrath +1 646-418-7002 kevin@tradigitalir.com Company Website https://www.orbitalenergygroup.com

June 17, 2022 09:00 AM Eastern Daylight Time

Video

SensorView Participating in International Microwave Symposium

SensorView

SensorView, a provider of creative and competitive solutions for the next generation of 5G, announced its participation at the 2022 IEEE MTT-S International Microwave Symposium (IME) in Denver, Colorado June 21-23, 2022. At the event, SensorView will be showcasing its cutting-edge 5G solutions as it continues its entry into the United States marketplace. Founded in South Korea, SensorView, a top 5g company, is increasing its presence in the United States’ commercial, defense, and aerospace markets. SensorView’s portfolio of products includes cables, connectors, antennas, and testing devices. Among the products SensorView will display at IME includes its advanced in-building transparent 5G antenna. “We are excited to participate in IME this year. Industry leaders are always impressed when they experience our transparent antenna. With its transparency, low latency and high gain, our product is revolutionizing antenna design,” said Sabahattin (Sebi) Karakus, SensorView’s North American Sales Director. “Our transparent antennas can be integrated into any signage, such as exit or restroom signs, and uses almost 60% less non-recyclable material than traditional antennas.” SensorView’s strong management team, patented technology, and vertically integrated operations create competitively priced products that are lower weight with greater flexibility, low latency, low loss, and feature superior EMI shielding. Jaeseon Kim, Global Sales Director at SensorView, added, “At SensorView, we design products with thoughtful integration into a client’s systems. Our high quality and advanced technology allow us to support key industry leaders and partners like Samsung and Qualcomm.” SensorView’s strong management team, patented technology, and vertically integrated operations create competitively priced products that are lower weight, with greater flexibility, low latency, low loss, and EMI shielding. Gary Sumihiro, founder of Sumihiro Investments and its affiliate MPG Ventures and the Honorable Betsy Markey, advises SensorView on its US strategies. ### About SensorView SensorView Korea was established in 2015 and operates in the verticals of cables, antennas, connectors, testing devices, and materials, all critical components in the 5g commercial, defense, and aerospace industries. In 2019, the Korean Ministry recognized SensorView as one of the country’s most innovative 5G companies. SensorView US launched in 2020 to focus on the North American markets. Please visit http://www.sensor-view.com/. For more information or to schedule an interview with a SensorView spokesperson, contact Dan Rene at 202-329-8357 or media@sensor-view.com Contact Details SensorView Dan Rene +1 202-329-8357 media@sensor-view.com

June 16, 2022 10:00 AM Eastern Daylight Time

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

National Legal & Policy Center

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

June 13, 2022 03:59 PM Eastern Daylight Time

Shareholder Confronts Salesforce CEO’s, Directors’ Hypocrisy

National Legal & Policy Center

Today, Paul Chesser, Director of the National Legal and Policy Center’s (NLPC) Corporate Integrity Project, presented remarks at Salesforce Inc.’s annual meeting to support a shareholder resolution the ethics group filed with the company. The proposal would have required the board to implement a policy to require the chair of the board of directors to be an independent member. Currently Marc Benioff holds the roles of both Chairman and co-CEO. The full text of Chesser’s remarks are below: I’m Paul Chesser, director of the Corporate Integrity Project for National Legal and Policy Center. Salesforce’s Chairman and CEO roles should be separated for good governance practice, but also in order to rein in the unaccountable Marc Benioff, who uses the company as his own personal political advocacy tool, and has for many years. There is ZERO evidence that anyone tries to rein him in. All indicators are that this board of directors is a facade – all for show, with no meaningful accountability for Mr. Benioff. There is seemingly no progressive cause that he isn’t willing to throw his considerable corporate weight behind, without consequence to him. I’m sure if he had to answer to a board that cared at all about the company’s reputation, instead of rubber-stamping Mr. Benioff’s political views, he wouldn’t be so bold. He has famously meddled in religious conscious and personal liberty issues in states like Indiana, North Carolina, and Georgia. He issues economic threats when he does so. He has vocally opposed pro-life laws in Georgia and Texas. He is strident and arrogant with his advocacy. He has zero respect for religious liberty or the U.S. constitution – showing utter disdain for the First, Second and Tenth Amendments, among other American governing principles. Then there’s his personal integrity, or lack thereof. Of course, Mr. Benioff’s signature issue is climate change. Yet he perpetuates the fraud that Salesforce, whose big service is cloud computing on massive, power-eating server farms, is at “100-percent renewable energy” in its operations. If that was true, instead of the accounting and carbon indulgence shell game that it actually is, then Salesforce would be bankrupt. Then there’s Mr. Benioff’s hypocrisy. He thinks planting thousands of trees in China helps offset Salesforce’s greenhouse gas sins, but says nothing about that communist government’s ongoing build-out of coal-fired power plants. And of course, like every other cowardly Big-Tech CEO, he says nothing about China’s genocide and human rights abuses. Back home in the U.S., while he advocates for the little people to curtail their fossil fuel use as they pay $6 dollars a gallon for gasoline, he travels in his own personal jet, for which Salesforce reimbursed him $834,000 dollars during the past year for alleged “business use.” Did that include the Davos trip, Mr. Benioff? The company also covered for the cost of his personal security to the tune of more than $1.4 million dollars this past year. Certainly this amount of security includes arming your protection with semiautomatic weapons. Yet Mr. Benioff banned companies that sell such guns from using Salesforce products. He also wants a ban on the popular defense weapon, the AR-15, which is among the country’s best-sellers for law-abiding citizens who look to protect themselves and their families. Again, Salesforce takes care of the hypocrite Benioff, while the little people must fend for themselves. END REMARKS “While he has serious competition, there is perhaps no one who uses his Big Tech company more to advance his personal progressive political agenda than Marc Benioff,” Chesser explains. “Unfortunately he has gotten away with it for years, due to cowardly responses from state politicians who feared big businesses’ threats to ‘boycott’ or leave their states. However, that trend is changing, as Gov. DeSantis has shown in Florida in response to Disney’s political activism.” NLPC has filed more than two dozen shareholder resolutions this proxy season, and appeared at the annual meetings of Berkshire Hathaway, Disney, Coca-Cola, Amazon, Twitter, Meta, and many others. ### Please visit http://www.nlpc.org. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. Contact Details National Legal and Policy Center Paul Chesser +1 703-237-1970 pchesser@nlpc.org Company Website http://www.nlpc.org

June 09, 2022 12:35 PM Eastern Daylight Time

LIXIL Establishes LIXIL Public Partners as First Public Sector Engagement Platform to Strengthen Collaboration on Water, Sanitation & Hygiene

LIXIL

LIXIL, maker of pioneering water and housing products, today announced the establishment of LIXIL Public Partners (LPP), the company’s first dedicated public sector engagement platform. LPP will explore synergies and expanded collaboration with the public sector for the delivery of innovative household solutions in water, sanitation, and hygiene. These efforts will build on existing initiatives such as LIXIL’s SATO brand of safe, affordable sanitation and hygiene solutions, and work to tackle America’s sanitation challenges. Erin McCusker, Leader of SATO, has been appointed as Senior Vice President, with concurrent responsibilities to lead the newly founded LPP unit. McCusker will be responsible for developing business strategies and operating models designed to serve the mutual interests of global partners and LIXIL by introducing innovative products and solutions for improved access to water, sanitation, and hygiene globally. Among governments and geographies across the world, there has been an enhanced focus on social and environmental challenges, including a mandate to provide solutions and resources for issues in water, sanitation, and hygiene. Recognizing the importance and immense opportunity of jointly tackling these challenges, LPP will leverage and maximize the synergies of LIXIL’s technologies and team of experts to provide innovative solutions. In line with LIXIL’s Global Sanitation and Hygiene Corporate Responsibility commitment to improve access to sanitation and hygiene for 100 million users by 2025, LIXIL will strengthen business-to-government channels and operational models for public, private, and community stakeholders. ”With our global presence, expertise in delivering consumer-centric solutions, and experience in developing long-lasting partnerships with development agencies and others, we are uniquely positioned to be the preferred partner to the public sector in household water, sanitation, and hygiene,” said McCusker. “Globally, acceleration is needed to achieve targets set by SDG 6, and commitments such as the White House Action Plan on Global Water Security towards sustainable management of water and sanitation for all. These goals will only be reached by doing things differently, and driving toward more effective collaboration between the public and private sector.” McCusker joined LIXIL in 2018, bringing her extensive strategy and public-private partnership expertise. She will concurrently continue her role leading SATO, a social business, sanitation, and hygiene solution provider for underserved communities that has improved access to toilets and hand washing for an estimated 35 million users in over 44 countries.¹ Under McCusker’s leadership, SATO has shipped over 1 million units for three consecutive years. Most recently, she led strategic engagement with USAID, resulting in LIXIL being awarded approximately $10 million to establish the new Partnership for Better Living. ¹Source: Progress on household drinking water, sanitation and hygiene 2000-2020: Five years into the SDGs. Geneva: World Health Organization (WHO) and the United Nations Children’s Fund (UNICEF), 2021 ( https://washdata.org/ ) LIXIL (TSE Code: 5938) makes pioneering water and housing products that solve everyday, real-life challenges, making better homes a reality for everyone, everywhere. Drawing on our Japanese heritage, we create world-leading technology, and innovate to make high quality products that transform homes. But the LIXIL difference is how we do this; through meaningful design, an entrepreneurial spirit, a dedication to improving accessibility for all, and responsible business growth. Our approach comes to life through industry-leading brands, including INAX, GROHE, American Standard, and TOSTEM. Approximately 55,000 colleagues operating in more than 150 countries are proud to make products that touch the lives of more than a billion people every day. Contact Details Carly Sylvester lixil@hotpaperlantern.com Company Website https://www.lixil.com/

June 09, 2022 11:00 AM Eastern Daylight Time

Ongoing Threats Against Supreme Court Are a ‘Slow Motion Coup D’Etat’

National Legal & Policy Center

Statement from Peter Flaherty, Chairman National Legal and Policy Center: The attempted assassination of Supreme Court Justice Brett Kavanaugh is the logical and predictable result of compounding threats against the judicial branch by Democrat elected officials and activists, which are still taking place. Unbelievably, there were again demonstrations last night at Kavanaugh’s home. Who can forget the disgrace of the Kavanaugh hearings when members of the Senate and their media allies egged on disruptions of the hearings by left-wing activists and embraced 11 th -hour allegations by Christine Blasey Ford about what Kavanaugh supposedly did in high school, not to mention the wild accusations of gang rape by miscreants like Michael Avenatti, who now sits in prison? Apparently having no shame, New York Senator Charles Schumer continued the assault on our Constitutional processes by threatening Justices Kavanaugh and Gorsuch on the steps of the Supreme Court in March 2020. Our Complaint to the Departmental Disciplinary Committee of the New York Supreme Court seeking Schumer’s disbarment only led us to be told that “no action is warranted at this time.” In July 2020, the Committee actually responded with: “While these comments were certainly concerning, the Departmental Disciplinary Committee is cautious about disciplining attorneys, whether local attorneys or pubic officials for comments that may be protected by the First Amendment.” So threats against Supreme Court Justices that are part of a larger campaign — actually a slow motion coup d’etat against the judicial branch — are covered by the First Amendment? This larger campaign includes proposals for “court packing,” the leak of the draft abortion decision, illegal demonstrations at the homes of judges, the vile and bigoted messaging that is present at these protests, and the support for violence to achieve political ends by elected officials, including President Biden. We’ve seen a mass assassination attempt in 2017 of Republican members of Congress by a supporter of Bernie Sanders and the 2020 riots which cost up to $2 billion in property damage and dozens of lives for which Antifa and Black Lives Matter have faced few consequences. In fact, Black Lives Matter flags now fly from US embassies all over the world. America has survived for over 200 years because of Constitutional limits on government, including the separation of powers. The Left understands this, and that is why they have targeted the judicial branch for destruction. Click here for our March 6, 2020 Complaint against Schumer. Click here for the July 27, 2020 response. Click here for our August 5, 2020 appeal of the dismissal. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

June 09, 2022 08:55 AM Eastern Daylight Time

Volatus Aerospace expands Latin American presence through Joint Venture

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") announces a joint venture with EOLO Drones S.A.C. ("EOLO") signed on June 2, 2022. The business will be called Volatus Aerospace LATAM and will expand Volatus' commercial operations in Latin America. Under the terms of the agreement, which includes commercial activities for both civil and governmental entities, Volatus Aerospace holds 75% equity, with EOLO holding the remaining 25%. “Latin America is a vast, emerging market with exciting opportunities for drones in sectors such as mining, infrastructure, renewable energy, and agriculture,” said Luc Masse, Executive Vice President of Volatus. “Success in this region requires an understanding of language, culture, and local legislation. Volatus Aerospace LATAM will represent our brand throughout South America and execute our expansion using a strategy adapted specifically to these markets.” "Canada’s largest defence and security trade show, CANSEC, was a tremendous success for Volatus. Given the number of international delegations, it seemed appropriate to sign our joint venture with EOLO at the conference," said Glen Lynch, Volatus CEO. "Our business has expanded in Latin America, and it’s an important market for us. We are looking forward to attending Peru's inaugural drone conference this year, and I'm grateful for the personal invitation we received from Lieutenant-General Carlos Chávez Cateriano, Chief of Staff for the Peruvian Air Force." Bruno Leoni, CEO of EOLO, stated: "I am proud that we have elevated our partnership to expand our services and products across Latin America. We look forward to identifying opportunities in the market and leading the expansion. I would like to thank Volatus for making us welcome at CANSEC and choosing us to be their South American partners." About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, and Latin America. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding (i) the business plans and expectations of the Corporation; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects the Corporation’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Volatus Aerospace Corp. Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

June 08, 2022 07:46 AM Eastern Daylight Time

Video

CargoX Blockchain Technology Takes Flight in Egypt

CargoX

LJUBLJANA, SLOVENIA - (June 06, 2022) - CargoX, the leading company specializing in the digital transfer of trade documents, extends its business engagement with the Egyptian government by providing advanced Blockchain Document Transfer (BDT) services as a core component of the Advance Cargo Information (ACI) system implementation for airborne cargo. The Advance Cargo Information (ACI) system aims at providing business intelligence and governance mechanisms to the government before cargo loading from ports of export, facilitating cargo clearance procedures, creating transparency and audit trail for cargo movements within a paperless ecosystem by digitizing shipment documents transfer using CargoX BDT services. The ACI system is a core component of Egypt’s national single-window platform for international trade (NAFEZA) that is operated by the Public-Private-Partnership company Misr Technology Services (MTS). “The NAFEZA single window platform for digitalization of ocean-freight trade document transfers between Egypt and companies worldwide is an unprecedented success. It is used by more than 90,000 companies and entities worldwide, and we continue building this momentum by adding air cargo documentation processing. This will bring the number of points of entries to 30 – including airports, seaports, dry ports, border posts, free zones, and bonded warehouses,” said Captain Ossama Al Sharif, MTS Chairman & CEO. Background information: Misr Technology Services (MTS) authorized CargoX to be the gateway between the international trade community and the Egyptian national single window for international trade (NAFEZA) by providing blockchain-document-transfer services since January 2021. CargoX platform includes built-in automated workflows for Blockchain Document Transfer (BDT) where the ultimate level of immutability, transparency, reliability, and accountability is achieved. CargoX launched its BDT services on a “TRIAL” basis as early as March 2021 to serve seaborne cargo. The services became “LIVE” as of October 2021. Within this context, cargo shippers pre-lodge shipment documents and data electronically in a secure and prompt manner to ensure that import security screening and customs procedures on the Egyptian side can be accomplished prior to shipment arrival to Egyptian seaports. Since its implementation in seaports, the project has surpassed all expectations. CargoX blockchain solution was used seamlessly and safely to transfer more than 1,500,000 actual trade and finance documents to serve more than 100,000 customers. By providing reliable document transfer services, the CargoX Platform has become the fastest-growing blockchain platform in the logistics industry. It represents one of the most compelling cases for the adoption of the blockchain as a critical tool for streamlining global trade and commerce, as well as business-to-government communication. “NAFEZA has become a unified channel for customers exporting to Egypt by sea, and now also by air. The ACI system will expedite shipment clearance, reduce cost, and eliminate the risk of delays or loss of documents. We are proud that Egypt is yet again a global innovator and a key reference for modernization,” said Gamal Kotb, MTS General Manager. In the sea freight use case, the benefits resulting for users from the adoption of the blockchain technology include a reduction in the average cargo release time from 29 days to 9 days with a notable reduction in container demurrage and storage fees. Compliance costs for shippers in the maritime sector have also been slashed from more than USD$600 to USD$165, or less as a consequence of the move onto the blockchain. In air freight, the real-time delivery of documents will play an even more essential role, as cargo travel times are much shorter, and processes run with higher task frequency. “Mr. Stefan Kukman, CEO of CargoX said, “CargoX is proud to be developing the most cutting-edge digital solution for global trade - arguably the most important industry in the world,” “It is incredibly satisfying to already be working with some of the most selective companies in the logistics industry and forward-thinking governments that have made the CargoX Platform the fastest-growing blockchain platform in the logistics industry,” —Kukman added. About CargoX CargoX Ltd is a global company specializing in document transfer solutions, based on blockchain transactions and an ownership validation platform. The core team of founders brings together more than 100 years of experience in the logistics, banking, programming, IT and blockchain industries. Users of CargoX’s BDT platform can upload or create electronic trade documents and then transact ownership of them like money through a global bank, at any time, with the following benefits: ● Irrevocable transfer of ownership of the documents ● Unbreakable, neutral, public Ethereum blockchain ● The audit trail of events is only available to the participants involved ● Confidentiality and full protection of data, identity and business connections ● More than 65 document types are supported (eBL, eLC, Certificates, Contracts, Invoices) Contact Details CHARLIE PESTI —The world’s best publicist for supply chain technologies. Charlie Pesti +1 267-439-4355 charlie@pesti.io Company Website https://cargox.io/

June 06, 2022 10:02 AM Eastern Daylight Time

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