Real Estate

Commercial Home Building Property Management REIT Real Estate Residential
News Release Digital Asset Direct

Silver Star Properties Announces Approval of Pivot to Self-Storage and the Acquisition of Southern Star Self-Storage Investment Company

Silver Star Properties REIT, Inc.

Silver Star Properties REIT, Inc. (“Silver Star Properties”), formerly known as Hartman Short Term Income Properties XX, Inc., announces that its Executive Committee has approved the repositioning plan to pivot the company’s assets into the self-storage asset class. As an additional part of this plan, the board of directors also approved the acquisition of Southern Star Self-Storage Investment Company (“Southern Star Self-Storage”), and it has reached a long-term employment agreement with Mark Torok, Chief Executive Officer (“CEO”), as it solidifies its pivot away from office, retail, and light industrial assets into self-storage. Southern Star Self-Storage is a privately held real estate company that specializes in the sponsorship and management of DST investments in self-storage properties. Established in 2019, the company currently operates a portfolio of 9 properties, which together comprise 321,291 net rentable square feet (NRSF) spread across 2,526 units. Additionally, the company has two facilities, totaling 208,220 NRSF and 703 units, under contract that are expected to close by June 1, 2023. Most of the facilities also have parking for boats, RV’s and autos. The facilities generally contain both climate and non-climate-controlled units and are located predominantly in secondary and tertiary markets in Texas, Florida, North Carolina, and Colorado. Gerald Haddock, Lead Director of Silver Star Properties, emphasized the significance of the acquisition and stated, “The acquisition of Southern Star Self-Storage underscores our commitment to repositioning the Company’s assets into the self-storage asset class to maximize shareholder value. The firm inherits experienced self-storage operating capabilities and investment prowess through its Southern Star Self-Storage's management team. Southern Star Self-Storage will use its expertise in developing assets with DSTs and operate as a "Sister" company alongside a subsidiary of current Silver Star Properties’ operations. Silver Star Properties intends to deploy its capital into the larger and more development-oriented assets in order to take advantage of the acquisition skillsets of the current Silver Star Properties Management Team. This is an exciting milestone for the company, as it begins this part of the business with Mark’s team.” In conjunction with the acquisition, Mark Torok signed a three-year employment agreement with the company, with the goal of creating liquidity for existing shareholders through listing the company on a public exchange. “I am honored to be leading, with the guidance of the Executive Committee, the repositioning pivot that we have been developing for several months with the primary goal to maximize shareholder value and improve liquidity for our investors. With it, we will shift our predominantly out of favor office assets into a stable, recession-resilient, and growing subset of investment real estate. I am thrilled to take the company to new heights and deliver value to our shareholders through a public listing.” To align the interests of our leadership with our investors in carrying out the repositioning plan, Mark Torok and the members of the Executive Committee have been awarded participation units in a long-term incentive plan. Silver Star Properties has extensive experience acquiring, owning, managing, and leasing commercial office, retail, light industrial, self-storage, and warehouse properties located in Texas. Forward-Looking Statements: This press release contains certain statements which may be forward-looking statements. Because such statements include risks, uncertainties, and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements, and you should not place undue reliance on any such statements. Several important factors could cause actual results to differ materially from the forward-looking statements contained in this material. Such factors include those described in the Risk Factors sections of the annual report on Form 10-K for Silver Star Properties REIT, Inc. and other reports filed with the Securities and Exchange Commission. Forward-looking statements in this press release speak only as of the date on which such statements were made, and the company undertakes no obligation to update any such statements that may become untrue because of subsequent events. Such forward-looking statements are subject to the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Contact Details Silver Star Properties REIT, Inc. Anthony Trollope +1 800-880-2212 press@hi-reit.com Company Website https://www.hi-reit.com

April 06, 2023 02:01 PM Central Daylight Time

Part 6 of Legal & General’s U.S. Gig Economy Study finds 77% of gig workers would rely on personal savings to fund retirement

Legal & General

67% say not having access to retirement plans & other benefits is a key drawback to gig work 53% say gig work has a negative impact on their access to retirement and savings plans 45% of gig workers don’t expect to retire before 65; 30% never expect to retire 29% feel gig work has negatively affected their ability to save in case of an emergency A sixth segment of a broad new study sponsored by Legal & General Group ( LGEN, LGNNY ), U.S. Gig Economy, Part 6: Gig Workers come up short on their future financial and retirement planning, was released today. It follows a Special Report for International Women’s Day, U.S. Gig Economy Special Report: Tasked With Both Childcare and Earning, Women Fall Behind Their Male Counterparts, which looked into the gender pay gap, lowered retirement expectations, and other inequities experienced by female gig workers. This latest report looks into the financial challenges people working in the U.S. Gig Economy face as they contemplate a post-retirement life. This sixth report in the data-rich study explores the challenges many gig workers face, from being unable to cover an unexpected $1,000 expense to lacking the ability to plan for retirement. The study found that more than half (53 percent) of the freelancers surveyed thought that gig work negatively impacted their access to savings and retirement plans, while 29 percent felt that choosing to work this way negatively affected their ability to save. Though they have higher levels of financial literacy than the average American, independent workers find that retirement planning poses a particularly difficult challenge, according to Legal & General’s U.S. Gig Economy research. While the survey elicited a complex array of responses to a question about which financial security benefits they hold, more than three-quarters (77 percent) of those surveyed said their own personal savings will provide the largest contribution to their retirement income—while 30 percent of gig workers never expect to retire at all. “As a company concerned with the financial as well as physical health of millions of our own customers, while putting in place initiatives that improve the lives of a broader swath of the population, the situation with American freelance workers is a call to action for the financial services industry. By harnessing financial technology, we should be able to do a better job of delivering a user-friendly suite of products and services that make it easy for gig workers to put a retirement plan in place. The tools and intelligence are there—this is more a problem of communication than innovation.” Sir Nigel Wilson, Chief Executive, Legal & General Group Gig workers have to double as their own CFO Legal & General’s study looks at the multifaceted societal factors leading to gig workers’ long-term financial insecurity, including the added stress of managing their own long-term financial matters far more conscientiously than traditionally employed W2 workers do. “Our research points to some key differences between gig workers in the U.S. and those in the UK, notably the different mindset the two groups have toward saving. Parsing the issue for U.S. freelancers has allowed a view into some potential solutions to freelancers’ financial anxiety, particularly around unmet insurance and retirement needs. We hope some of the ideas presented in this report will lead to innovation that can create better financial habits and, in the end, improved long-term financial security for gig workers.” John Godfrey, Director of Levelling-Up, Legal & General Group Future segments of this research will look in depth at the pandemic fallout for gig workers; and what it would take to get gig workers to go back to the traditional workplace. To receive a pdf of any of these reports, please email Meir Kahtan/MKPR at mkahtan@rcn.com. Notes to Editors The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions About the Study Legal & General undertook proprietary research into the attitudes and changes U.S. gig workers are experiencing in relation to their work situations and financial outlook. The U.S. Gig Economy research was compiled using original survey data from 1044 U.S.-based workers aged 18 to 60 who are neither students nor retired, and who earn at least 60% of their income from gig work. The data was collected via online survey fielded to individuals sample sourced from YouGov’s US panel. The Legal & General-designed survey was scripted and hosted on Gryphon, YouGov’s proprietary survey scripting platform, and the field work took place between August 19 and 31, 2022. Key demographics such as age, gender and region were allowed to fall out naturally. 20 questions were designed to understand facts about earnings, drivers of and barriers to gig working, financial product ownership & financial capacity when coming across adverse situations, and future expectations of being involved in the gig economy. Verbatim comments were captured by Legal & General in research carried out in June 2022. About Legal & General Group Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.2 trillion ($1.4 trillion) in total assets under management* of which a third is international. We also provide powerful asset origination capabilities. Together, these underpin our leading retirement and protection solutions: we are a leading international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Through inclusive capitalism, we aim to build a better society by investing in long-term assets that benefit everyone. *as of December 31, 2021 The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.legalandgeneralgroup.com/

April 05, 2023 10:00 AM Eastern Daylight Time

News Release

Cave Cay Club And Resort Announces New Leadership of its Board Of Directors

Cave Cay, LP

Cave Cay Limited Partnership announced today that it has a new Board of Directors. The new Board of Directors of the company is composed of Mr. Emile Haddad, Mr. Issam Hamid, Mr. Omer Maqsood, Mr. Javier Guerra, and Mr. Felipe MacLean (CEO of the company). Mr. Haddad, who is also an investor in the project, will be the Chairman of the Board and will chair the Executive Committee. Mr. Hamid will chair the Finance Committee. “We are very excited to have Mr. Haddad take this leadership role. His experience in building some of the largest and most recognized mixed use master planned communities in the world will be critical as we move into the execution phase of the project,” said Mr. MacLean. “With the recent approval of the Heads of Agreement by the Government of the Bahamas and a world class leadership team, Cave Cay is poised to be one of the best resorts in the world,“ added Mr. MacLean. Cave Cay is approved to build over two hundred luxury residences, a seventy key hotel and a marina which could accommodate up to one hundred yachts. “I am very happy to be a part of the team that will be building Cave Cay. Mr. Maclean has done an excellent job and I am looking forward to working with him as we turn his vision into reality. This is a unique opportunity not only because of the natural beauty of the island, but because we all will play a hands-on role as the project moves forward,” stated Mr. Haddad. For further information, contact management@cavecayclub.com Contact Details John P. David +1 305-724-3903 john@davidpr.com

April 04, 2023 08:00 AM Eastern Daylight Time

Payscore Secures Funding to Accelerate Sales, Increase Customer Efficiency

Payscore

Payscore, the PropTech company automating income verification for property managers and consumer lenders, announced the successful close of a financing round led by ff Venture Capital of New York. SeaChange Fund, Hamilton Ventures and Seattle’s Alliance of Angels also joined the round. “Verification of income deserves disruption on both sides of the transaction,” said Mark Fiebig, CEO and co-founder of Payscore. “We’re making it simple for applicants and operators to easily share and accurately assess the truth about income.” The industry’s historic reliance on paystubs to verify income leads to problems. Inaccurate and unfair income assessments are frequently subject to delay, and often leave operators exposed to fraud and liability risk. In response, co-founders Fiebig and Stephen Arifin, CTO, developed a solution that delivers accuracy by design. Arifin says, “Eliminating waste from an old-school process ignites the engineering team every day. We’re delivering efficiencies and accuracy like no one else in the industry.” In fact, Payscore has stripped at least an hour out of time spent processing each candidate and has accelerated a cumbersome process while also minimizing the operators’ liability exposure risk due to fraud. “When verifying income, accuracy is everything,” said Alex Katz, MD Partner at ff Venture Capital and Payscore board member. “By analyzing consumer-permissioned data, Payscore ensures every applicant is evaluated fairly and objectively, even when income is cash-based, like tips, or fluctuates, like commissions.” Facilitating this digital migration for industry, Payscore yields the delivery of accurate income reports at a rate of 2-3X other options. Payscore eliminates a root source of fraud by integrating directly with financial institutions, reporting 100% bank-verified data and eliminating the need to collect and evaluate financial documents, or to guess whether those documents have been falsified. Fiebig noted, “We deliver the truth about income.” The U.S. residential rental market is comprised of roughly 42 million units with an average turnover of 3 years, and multiple applications per vacancy. “Rental demand exceeded supply for the last 10 years, consistently 35 percent of us are renters, and the market for income verification is large, growing, and self-renewing,” said Prashant Kothari, MD of Hamilton Ventures, and the newest investor in Payscore. “The emerging dynamics of the modern workforce, inflation, and interest rate pressures create demand for property managers to reduce costs by automating processes, broadly increasing the value of Payscore’s solution.” Payscore has decades of experience in the property management and software industries. Mark Fiebig succeeded in leadership roles at venture-backed and self-funded technology startups in several sectors including in real estate, and specifically in property management and vehicle dealership operations. Stephen Arifin and his engineering team provide technological leadership, having successfully shipped multiple products inside Microsoft, Amazon, and Meta. Additional members of the team each have over 30 years of directly relevant expertise. This combination, including a customer-driven design and a bootstrapping mentality, makes this the right team to scale Payscore. Payscore established its beachhead delivering property management efficiency and is eager to leverage Hamilton’s strategic real estate network to accelerate growth. About Payscore: Payscore delivers automated income verification reporting to resolve the most common challenges faced by onsite property management teams, credit reporting agencies, and consumer lenders. By automatically connecting to 99% of financial institutions in North America, Payscore generates uniquely valuable insight and eliminates a major source of fraud, delinquency, and eviction; increases accuracy and efficiency; and helps ensure increased compliance and objectively fair income analyses. About ff Venture Capital: ffVC is an international venture capital firm headquartered in NYC with seven funds across the US and Europe. Since 2008, ffVC has been empowering startup founders with seed funding and resources to launch transformative technologies that have improved the lives of millions worldwide. The ffVC model is simple – invest early, stay highly engaged, and focus on revenue growth. Our team works actively with founders to develop products, target markets, and accelerate growth. Learn more at ffvc.com. About Hamilton Ventures: Hamilton Ventures is a seed-stage venture capital firm investing in proptech and real estate tech startups. Today, real estate and technology are at an inflection point: AI, machine learning, data and analytics, and software-as-a-service are on the verge of wide deployment in real estate. Our definition of real estate is broad – covering residential, commercial, construction, climate technologies, and hospitality. Hamilton’s mission is to help PropTech founders accomplish their goals by leveraging the collective expertise and network of our investors – former real estate CXOs, entrepreneurs, and financiers. Learn more at hamiltonventures.io. About SeaChange Fund: SeaChange invests in early-stage startups in the Pacific Northwest. We provide passionate founders the funding and guidance they need to grow their startups into strong, scalable, & successful companies. Contact Details Payscore Craig Fiebig +1 206-450-3693 craig@payscore.com Company Website https://www.payscore.com/

March 28, 2023 09:00 AM Pacific Daylight Time

Orange Tree Employment Screening Accelerates Momentum with Expansion of Senior Leadership Team

Orange Tree Employment Screening

Orange Tree Employment Screening, a technology-driven services company in the background screening industry, today announced that it has expanded its leadership team to include three new senior roles. Justin Jovle will serve as the new Chief Operating Officer (COO), while Bridget George will be the new Vice President of Client Services, and Brooke Boeser will help guide company expansion as the new Vice President of Marketing. The new hires will help the company continue to accelerate its strong growth while delivering unparalleled client service. “Over the past 18 months, Orange Tree has grown significantly, both organically and through acquisition. To continue this growth, it is important to strategically expand our leadership team,” said Renee Ernste, CEO of Orange Tree. “We are not stopping here. We have expansion plans which require expertise to enable the successful integration of the companies we’ve purchased and to support future acquisitions.” In addition to growing via acquisition and new sales, Orange Tree recently released an innovative online buying experience which provides buyers new levels of choice and pricing transparency. Available to all businesses, the online platform is targeted to the midmarket and small business customer who wants help in choosing the best solution with full visibility to pricing previously reserved for only enterprise businesses. “The buyers’ preferences have changed, and we are delivering what today’s customer expects and deserves,” said Jeff Ernste, Chief Sales and Marketing Officer. “Customers want to buy solutions tailored to their needs, in a way and at a time that is convenient for them, and with full transparency to the pricing and terms of their program. We are delivering a solution which aligns precisely with their needs. “The strategic decision to bring in tested leadership and launch a game-changing online buying platform means that Orange Tree’s growth momentum is just beginning,” concluded Ernste. About Orange Tree Employment Screening For more than 30 years, Orange Tree has provided technology-enabled background screening, drug testing, and occupational health services that are fast, easy to use, and can be tailored to the unique needs of each employer. Orange Tree streamlines hiring decisions, integrates with HCM and ATS platforms, and empowers employers in Healthcare, Manufacturing, Hospitality, Retail, Staffing, and other major industries to quickly fill open positions while delivering an engaging candidate experience. Learn more at www.orangetreescreening.com. Contact Details Razor Sharp PR Ray Young +1 512-694-6097 ray@razorsharppr.com Company Website https://www.orangetreescreening.com/

March 28, 2023 08:30 AM Central Daylight Time

2023 State of Residential Construction Industry Report Highlights Better Builder Profit Margins, Jobs Delivered on Time & Higher Salaries

Association of Professional Builders

The Association of Professional Builders (APB), a leading business coaching service for custom home builders, with members in the United States, Canada, Australia and New Zealand, today announced the findings from its annual State of Residential Construction Industry (SORCI) Report for 2023. The report, compiled annually, surveys 1,000 residential home builders operating in the United States, Canada, Australia, and New Zealand, and is commissioned to gather deeper insights into the residential construction industry and spot emerging trends to enable building company owners to benchmark their own businesses against industry standards. Participating sponsors for the 2023 report included Buildertrend, Builder Lead Converter, Buildxact, BuildTools, CBUSA, and Builder Nuggets Podcast. Key findings for 2023 indicated: Despite material delays and other supply chain shortages, extreme weather, and personnel shortages, 57.7% of jobs were delivered on time. Average contract values increased from 2021, with a steep incline of contract values in excess of $1 million, showing building companies’ business growth. Generating quality leads remains the top key challenge for builders; 40.4% of builders surveyed cited this as their number one sales issue. The 2023 SORCI Report explored four key areas of insights for builders: finance, sales, marketing, and technology. Builder finances One of the most critical areas for builders’ financials is their understanding of cost escalation clauses as it relates to their own contracts. In Australia, 33% of builders declared their contracts incorporate special conditions to include cost escalation clauses. This number still lags behind New Zealand’s builders where 85.5% have protected themselves, the United States with 61.8% and Canada 44.1% covering themselves. Financial understanding has not been at the level it needed to be for builders in previous years, however that is clearly starting to change. Even more encouraging is that 70.5% of builders showed they understand the difference between markup and margin. This statistic is further substantiated because the builders who claimed to know the difference were also tested. Almost three quarters of builders (74.8%) also know their fixed expense ratio, which is calculated by dividing total expenses by revenue. Over half of the builders surveyed (57.3%) are producing monthly financial reports and 60% monitor the gross profit margin on every job on a monthly basis enabling them to have their finger on the pulse of every single job. Additionally, 58.1% of builders experienced an increase in sales revenue in 2022 and 72% are expecting revenue to increase in 2023. “It’s great to see builders’ revenues increase,” said Russ Stephens, Co-Founder, APB. “As builders become smarter about their finances, in particular in the areas of cost escalation clauses, the differences between markups and margins, and their fixed expense ratios, among other key financial scenarios, they will truly be able to continue to improve their bottom lines and thrive, no matter the market conditions.” Sales While builders’ contract values increased, the area of sales continues to be one of the more challenging areas for builders according to the report. 40.4% of builders cited their number one sales challenge is generating quality leads. Additionally, only 50.3% of building companies reported that they have a documented sales process. The positive takeaway from this is, however, that companies that have a documented sales process in place are approximately four times more likely to achieve industry standard gross margins of 25% and above. The outlook from builders for the year remains quite similar to 2022, with 46.2% of respondents expecting to sign more contracts than they did in 2022. Marketing One of the key marketing tools cited by builders across all geographies surveyed is YouTube as a key platform. Builders in Canada showed they are leading the way on this channel with 20.5% of building companies uploading at least one video per month. Publishing content on a blog remained similar to 2021 data with 64.1% of building companies not creating any content over the past 12 months. Of the builders that do publish content, 63.6% do it in-house while 35.8% outsource the task. Marketing represents a huge growth opportunity for builders and is more than likely the reason why the few builders that are marketing correctly are finding it so easy to sign so many contracts at higher margins as there is little competition for those more marketing-savvy building companies. Technology Builders stand to gain efficiencies in utilizing technology and software. During 2022, 91.3% of builders handled their estimates in-house, however in terms of outsourcing, it was New Zealand's builders that lead the way with 22.6% of builders trusting a third party with this time-consuming task. A baffling trend emerged in terms of the number of builders now using spreadsheets to compile their estimates which actually rose from 31.1% in 2021 to 36.4% in 2022. Considering it has been well documented that 88% of spreadsheets contain errors, it's surprising that more builders have turned to spreadsheets as a solution. The exception to this trend was in Canada where only 24.2% of builders now use spreadsheets for their estimating compared to 52% in 2021. Overall, 37.9% of builders invested more money into software in 2022 with 26% of respondents expecting to spend more again in 2023. The full version of the 2023 SORCI Report can be downloaded complimentary at https://go.associationofprofessionalbuilders.com/sorci-download. # # # ABOUT ASSOCIATION OF PROFESSIONAL BUILDERS The Association of Professional Builders is a leading business coaching service for custom home builders in the United States of America, Australia, New Zealand, and Canada. It provides tested and proven systems for builders to scale and succeed, based on data, experience, and results. Contact Details The Hoyt Organization Alyson Campbell +1 310-373-0103 acampbell@hoytorg.com The Hoyt Organization Alana Van Slovis +1 310-373-0103 avanslovis@hoytorg.com Company Website https://associationofprofessionalbuilders.com/

March 28, 2023 06:00 AM Pacific Daylight Time

Image

Two EVs at Plymouth State University Delivered 1 MWh of Energy with Fermata Energy Bidirectional EV Charging Platform

Fermata Energy

Two Nissan LEAF electric vehicles (EVs) at the Plymouth State University (PSU) provided 1 MWh of energy to the PSU’s ALLWell Center, offsetting some of the building’s electricity needs. EVs are more than sustainable transportation; they are “batteries on wheels” that can send energy stored in their batteries to a building when paired with a bidirectional EV charging platform. The university is able to reduce its electricity bill and support grid resilience by taking part in an innovative utility rate program developed by its local utility New Hampshire Electric Cooperative (NHEC), electrification software provider Bellawatt, and Fermata Energy, the developer of the leading AI-driven bidirectional EV charging platform. The program at PSU is groundbreaking because it brings together EVs, a bidirectional EV charging system, and advance notice on hourly electricity pricing – called a Transactive Energy Rate (TER), enabling the university to easily make decisions about using the Nissan LEAF batteries as mobile energy storage assets. Under the program, PSU sent energy stored in the EVs’ onboard batteries to offset the ALLWell Center’s building load for approximately 90 hours during a 6-month period. One MWh is equivalent to the electricity used by about 330 homes for one hour. Through the NHEC application, TER forecasts electricity pricing one day in advance. Daily alerts about the next day’s hour-by-hour electricity prices are sent by NHEC to Fermata Energy’s AI-powered bidirectional charging platform, which then analyzes those rates, simplifies the information, and advises PSU about times the vehicles can discharge the batteries to maximize value for the university. The university controls whether to discharge by parking the EVs and plugging them into the Fermata Energy bidirectional charger. “Through this program, we better understand how we use electricity and can actively reduce our electricity costs. We could do that with stationary energy storage systems, but EVs are more affordable and are easy to manage,” said Donald Brix, president of Plymouth State University. “NHEC has always been a great partner for us. Fermata Energy's technology puts the EV batteries ‘behind the meter,’ sending electricity to the ALLWell Center to reduce our costs. Anything left over is shared with the grid. Not only did the university save money, but we provided a fantastic learning experience to our students.” The day-ahead electricity pricing enables PSU to buy electricity from the New Hampshire Electric Cooperative at low prices and store that energy in the EV batteries. When the price of electricity is higher, PSU can then discharge the batteries and sell the energy back to NHEC. This is known as electricity arbitrage. The successful outcome of this hourly electricity pricing program creates a pathway for NHEC to compensate its members for power exported from Distributed Energy Resources, such as EV batteries and solar. "V2G is working today. Bidirectional EVs are valuable assets that can help stabilize the grid by dispatching energy stored in batteries - when and where that energy is needed most,” said David Slutzky, founder and CEO of Fermata Energy. "The NHEC program is one of the country’s most innovative rates and works very well with our AI-driven, vehicle-to-grid platform." "We are fortunate to have such great collaborators like Fermata Energy and Plymouth State University (PSU) on this project,” said NHEC Vice President of Power Resources and Access Brian Callnan. “Technology from Fermata Energy allows us to purchase the necessary grid services to serve our members from PSU, who happen to be a member themselves. We’re thrilled to see members serving members with this program.” Callnan continued, “Bidirectional charging and TER allow the university to redefine their electric vehicles as a distributed energy resource (DER) that benefits them and all our members in the electric cooperative." The Nissan LEAF is one of the few EVs currently on the road and able to participate in bidirectional charging. Fermata Energy’s bidirectional charging platform manages the EV’s state of charge, sends alerts to customers, and allows fleet owners to both charge and discharge EV batteries. Until recently, commercial fleet EV operators could only use unidirectional chargers, meaning the power went from the grid to the EV, costing the EV owner money. Unidirectional charging is also an unpredictable electricity demand that utilities need to manage and plan for. Bidirectional charging changes that dynamic. Fermata Energy’s platform can also monitor building load data, helping to manage electricity usage better. The technology is referred to as vehicle-to-everything and includes V2G (vehicle-to-grid), V2B (vehicle-to-building), and V2H (vehicle-to-home) projects. Fermata Energy has V2X bidirectional programs working in several New England utilities, including Green Mountain Power, Eversource, and Rhode Island Energy. These programs have proven effective at offsetting surging customer demand by dispatching power from customer-owned batteries. About Fermata Energy Park it. Plug it. Profit. Fermata Energy’s proprietary vehicle-to-everything (V2X) bidirectional charging platform turns EVs into batteries on wheels, enabling EV fleet owners to earn money from their local utility. With managed bidirectional charging, utilities can add EVs as grid edge resources to increase resilience, easily add them to virtual power plants, and avoid building new peaker plants. V2X includes V2G (vehicle-to-grid), V2B (vehicle-to-building), and V2H (vehicle-to-home) installations. Fermata Energy is a technology-agnostic developer of AI-driven bidirectional charging platforms. Learn more at www.fermataenergy.com and follow us on LinkedIn. About Bellawatt Bellawatt is a software consultancy that specializes in assisting energy industry participants with researching, designing, and building their most innovative ideas. Visit bellawatt.com to learn more. About NHEC NHEC is a nonprofit, member-owned electric distribution cooperative providing energy and energy solutions to members in 86,000 homes and businesses in 118 New Hampshire communities. Visit www.nhec.com to learn more. Contact Details Fermata Energy Daniel Cherrin +1 313-300-0932 dcherrin@northcoaststrategies.com Company Website https://www.fermataenergy.com

March 28, 2023 08:37 AM Eastern Daylight Time

Primary Health Properties' "net rental income to increase" - Proactive Research Analyst

Primary Health Properties PLC

Proactive Research Analyst Manos Halicioglu speaks to Thomas Warner after publishing an updated research note on UK-based Real Estate Investment Trust (REIT) Primary Health Properties PLC (LSE:PHP, OTC:PHPRF) (PHP). Halicioglu gives his take on what PHP has achieved so far in 2023, saying that he expects its "net rental income to grow by 3.5% in the current financial year." Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 28, 2023 03:00 AM Eastern Daylight Time

Video

Belvoir Group CEO sees estate agency activity recovering

Belvoir Group PLC

Belvoir Group PLC (AIM:BLV) chief executive Dorian Gonsalves speaks to Proactive after releasing final results for 2022 that revealed the group enjoyed its 26th consecutive year of growth in post-tax profits. Gonsalves says that the fourth quarter of 2022 was affected by the fallout from the government's "mini-budget" but that activity levels in the estate agency sector are now returning to more normal levels, with "lots more activity in the market." Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 28, 2023 03:00 AM Eastern Daylight Time

Video

1 ... 16 17 18 19 20 ... 58