News Hub | News Direct

Transportation

Airlines Automotive Electric Vehicles Logistics Maritime
Article thumbnail News Release

Shareholder to Return to Berkshire Hathaway Annual Meeting One Year After Arrest in Omaha

NLPC

As the annual meeting for Berkshire Hathaway Inc. on May 4 in Omaha approaches, National Legal and Policy Center Chairman Peter Flaherty plans a return to the same stage where last year, while presenting NLPC’s shareholder proposal, Warren Buffett cut off his speech and Flaherty was arrested. Trumped-up charges against Flaherty were later dropped. NLPC has another proposal on Berkshire’s 2024 proxy statement and Flaherty is scheduled to speak on the measure for his allotted five minutes. The nonprofit corporate watchdog released a short video that briefly recounts last year’s incident and points out Mr. Buffett’s contradictory positions on how he manages shareholder meetings. The video may be found on NLPC’s website: https://nlpc.org/corporate-integrity-project/video-nlpc-returns-to-berkshire-hathaway-annual-meeting-one-year-after-chairmans-arrest/ The video highlights a past statement Mr. Buffett made to CNBC. Responding to an interviewer’s question about Berkshire allowing investors who attend the popular annual meeting to ask any question they want, Mr. Buffett responded, “We’ve got a partnership feeling toward the people who have given us their money, and we don’t screen ‘em, and they can ask whatever’s on their mind.” However, last year Mr. Buffett made an exception to that principle when Peter Flaherty – during his official remarks presenting NLPC’s shareholder proposal, which was on the meeting agenda – brought up Mr. Buffett’s relationship with billionaire Bill Gates, their shared philanthropic efforts, and Mr. Gates’s troubling relationship with deceased pedophile Jeffrey Epstein. At that point, Flaherty’s microphone was silenced, and security and Omaha law enforcement forcibly walked him out of the arena and to a local police precinct, where he was arrested, booked, fingerprinted and held for about three hours. As NLPC argued last year in a report to the Securities and Exchange Commission, Berkshire’s identity is inextricably linked with Mr. Buffett’s. As such, his philanthropic activities and personal associations are fair targets for criticism, unlike those of nearly any other corporate Chairman/CEO. NLPC also filed a complaint with the SEC late last year over Berkshire’s inappropriate treatment of Flaherty at the meeting. “Warren Buffett boasts that shareholders can ask questions on any topic they desire, but I guess that doesn’t include questions about Bill Gates or Jeffrey Epstein,” Flaherty said. This year’s shareholder proposal addresses concerns about Berkshire’s risk vulnerabilities over the amount its sales and supply chain depend on China. Subsidiaries such as Duracell and Fruit of the Loom, and significant investments such as Apple and Coca-Cola, substantially depend on access to the communist nation. NLPC also filed a proxy memo with the SEC in support of this year’s proposal. The video released by NLPC concludes by wondering if Mr. Buffett will keep his word, and let all Berkshire investors say “whatever is on their mind.” For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. Founded in 1991, the National Legal and Policy Center promotes ethics in public life 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

April 24, 2024 09:00 AM Eastern Daylight Time

Article thumbnail News Release

TSA Reports Rise in Airport Security Breaches in Last 12 Months

MarketJar

Airport security isn’t as tight as you might think. According to the Transportation Security Administration (TSA), there have been at least 300 instances of people bypassing parts of airport security since March 2023. 1 In November, two women faced arrest at Phoenix Sky Harbor International Airport after breaching a secured exit due to running late for their flight. Meanwhile, at Palm Springs International Airport in February, a ticketed traveler passed through an unstaffed body scanner, prompting authorities to evacuate post-security areas as a precautionary measure. In a separate incident in February, a woman managed to bypass TSA officers who check IDs at Nashville International Airport. She then proceeded to sneak into the bag-screening line. After her belongings passed through the X-ray, she boarded an American Airlines flight without a ticket, eventually flying to Los Angeles International Airport where she was detained by the FBI. As of now, she has not faced charges, with the FBI refraining from commenting on an ongoing investigation. Clear, a private screening service offering an expedited alternative to TSA queues, has also faced scrutiny due to breaches in the past two years. 2 In one instance last year, an individual managed to pass Clear security using a boarding pass retrieved from an airport garbage can. Another incident in 2022 involved TSA officers identifying ammunition in a man's luggage, only to discover that he had utilized false identification to bypass Clear screening. These security concerns are coming to light at a time when the TSA is investing in heightened security measures, including a $3.8 million contract with AI security company Liberty Defense Holdings (TSXV:SCAN) (OTCQB:LDDFF) for its multi-technology security solutions for detecting concealed weapons in high-traffic areas such as airports, stadiums, and schools. This contract focuses on Research and Development to provide the TSA with software, engineering, and enhancements to Liberty Defense ’s High-Definition Advanced Imaging Technology (HD-AIT) Wideband Upgrade Kit to improve detection capabilities and enhance the passenger experience. Better Safety for Today’s Threats Liberty Defense has also begun deploying its HEXWAVE™ system at North American airports to improve screening for passengers and staff, including Denver International, Toronto Pearson, and one unit to the TSA under its On-Person Screening Capability Program for the screening of Aviation Workers. The HEXWAVE™ system uses AI, electromagnetic waves, and 3D imaging to scan and detect potentially dangerous items like metal, 3D-printed plastic guns, powders, and liquids. The process is quick and contactless, allowing individuals to walk through a portal without removing their keys or cell phones. On April 23, Liberty Defense Holdings (TSXV:SCAN) (OTCQB:LDDFF) announced international shipments of HEXWAVE™ to the Subic Bay Airport in the Philippines and to Schiphol Airport in Amsterdam, the Netherlands. Liberty Defense (TSXV:SCAN) (OTCQB:LDDFF) has already made sales in Europe 3 and Asia, 4 with more international deals coming down the pipeline thanks to the company’s robust international distribution network, which is facilitated by two prominent partners in the security and detection industry. With global offices and representation across Europe, the Middle East, Africa, and Asia, these partners have deployed thousands of security systems. HEXWAVE perfectly complements the requirements for on-person screening in these locations. Earlier this year, Liberty Defense announced a strategic agreement with Viken Detection to sell 30 HEXWAVE units in 2024. The agreement includes an upfront payment for the first 15 units to accelerate market penetration. Viken Detection, a global leader in threat detection and screening technologies, will incorporate the HEXWAVE walkthrough people screening system into its product portfolio for the Americas. Liberty Defense has been awarded the 2023 'ASTORS' Homeland Security Award from American Security Today (AST) for its HEXWAVE system. It was honored with the Gold ASTORS Award in the Best Metal/Weapons Detection Solution category. The 'ASTORS' Awards Program recognizes industry leaders in physical and border security, cybersecurity, emergency preparedness, law enforcement, and first responders, as well as government agencies at all levels for their efforts to enhance national security. Click here for more information about Liberty Defense (TSXV:SCAN) (OTCQB:LDDFF). [1] https://www.washingtonpost.com/travel/2024/04/04/airport-security-tsa-stowaway/ [2] https://www.washingtonpost.com/transportation/2023/08/10/tsa-clear-enhanced-id-checks/ [3] https://libertydefense.com/news/distribution-agreement-and-partnership-with-grasp-innovations-netherlands/ [4] https://libertydefense.com/news/liberty-defense-announces-first-sale-of-hexwave-to-an-international-airport-in-asia-pacific/ Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Liberty Defense Holdings Ltd. Market Jar Media Inc. was paid $1,500 for the production and publishing of this article by Liberty Defense Holdings Ltd.’s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.’s engagement by Liberty Defense Holdings Ltd.’s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-scan. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.’s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding Liberty Defense Holdings Ltd.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Liberty Defense Holdings Ltd.’s industry; (b) market opportunity; (c) Liberty Defense Holdings Ltd.’s business plans and strategies; (d) services that Liberty Defense Holdings Ltd. intends to offer; (e) Liberty Defense Holdings Ltd.’s milestone projections and targets; (f) Liberty Defense Holdings Ltd.’s expectations regarding receipt of approval for regulatory applications; (g) Liberty Defense Holdings Ltd.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Liberty Defense Holdings Ltd.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Liberty Defense Holdings Ltd.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Liberty Defense Holdings Ltd.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Liberty Defense Holdings Ltd.’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) Liberty Defense Holdings Ltd.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Liberty Defense Holdings Ltd. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Liberty Defense Holdings Ltd.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Liberty Defense Holdings Ltd.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Liberty Defense Holdings Ltd.’s business operations (e) Liberty Defense Holdings Ltd. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, Liberty Defense Holdings Ltd. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Liberty Defense Holdings Ltd. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Liberty Defense Holdings Ltd. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Liberty Defense Holdings Ltd. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Liberty Defense Holdings Ltd. or such entities and are not necessarily indicative of future performance of Liberty Defense Holdings Ltd. or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

April 24, 2024 08:30 AM Eastern Daylight Time

Image
Article thumbnail News Release

Air New Zealand's Electric Flight Initiative Prepares for Takeoff

MarketJar

Air New Zealand just announced bold plans to introduce all-electric cargo flights by 2026, marking a significant leap toward sustainability in the aviation industry. 1 With a length exceeding 39 feet and weighing three tonnes, the The Beta ALIA electric cargo aircraft can reach speeds of up to 168 miles per hour. Extensive test flights have demonstrated its capabilities, covering nearly 300 miles on a single charge, with a charging time of 40 to 60 minutes, highlighting the practical feasibility of electric aviation for commercial operations. Initially focusing on cargo transportation, the aircraft will collaborate with New Zealand Post to shuttle mail between the two airports, showcasing the practical utility of electric aviation in essential services. In December 2023, Air New Zealand's CEO Greg Foran emphasized the pivotal role of sustainable aviation fuels in reducing the airline's carbon footprint. He highlighted the potential of next-generation aircraft to significantly cut emissions, particularly in regional operations. The Beta ALIA aircraft represents a vital advancement in emission reduction efforts. Data from 2023 revealed that aviation contributed 12% of New Zealand's carbon emissions, a stark contrast to the global average of 2.8%. 2 Kiri Hannifin, Air New Zealand's chief sustainability officer, said that nearly all airports across the country had shown keen interest in securing routes, underscoring the widespread enthusiasm for sustainable air travel. Air New Zealand isn’t the only company looking to launch all-electric aircraft in the near future. Surf Air Mobility Inc. (NYSE:SRFM) is a Los-Angeles-based regional air mobility platform transforming regional flying through electrification. Surf Air Mobility isn’t just an EV aircraft startup. Its subsidiary Southern Airways is already the largest commuter airline in the US based on scheduled departures, flying more than 450,000 passengers on ~75,000 flights to 48 destinations in the US in 2022. Now, the company has partnered with commercial leaders to develop revolutionary new technology to upgrade the widely popular Cessna Grand Caravan aircraft with fully electric and hybrid-electric engines for passenger air travel, once certified. With expertise spanning aviation, electrification, and consumer technology, Surf Air Mobility is well-positioned to drive forward the electrification of air travel, ushering in a new era of sustainable aviation. Surf Air Mobility Forges Ahead in Electrifying Regional Air Travel: Partnerships, Milestones, and Financial Outlook Surf Air Mobility Inc. (NYSE:SRFM) just announced its fourth quarter and full year 2023 results, showcasing growth and development in its regional air mobility platform. The company exceeded guidance, with a GAAP revenue of $60.5 million and pro forma revenue of $112.9 million for the full year, marking a 12% year-over-year increase. In Q4 2023, Surf Air Mobility solidified key partnerships and agreements, signaling its dedication to innovation and expansion. The company deepened its collaboration with Palantir to develop advanced software solutions, including continuing work on an AI-enhanced 'crew scheduling' application. Additionally, Surf Air Mobility continues to advance its initiative to electrify the Cessna Caravan, and is in the final stage of vendor selections for key components, including battery and electric motor suppliers. Surf Air Mobility extended its global footprint by collaborating with Brazil's Azul, the largest airline in the country, to work toward introducing electric Cessna Caravans into Azul's existing fleet. The company also delved into the burgeoning seaglider market through a partnership with REGENT, a leading manufacturer of all-electric seagliders. With plans to establish a base in Miami, Surf Air Mobility could offer passenger transport services for South Florida, including routes connecting Miami, Fort Lauderdale, Palm Beach, and the Caribbean Islands. In March 2024, Surf Air Mobility signed a memorandum of understanding with Auric Air Services Ltd., a Tanzania-based regional air operator serving East Africa. The agreement aims to upgrade up to 12 of Auric Air's Cessna Grand Caravan aircraft with Surf Air 's proprietary electrified powertrain technology upon certification. The company now has MOUs for approximately 13% of the Cessna Caravan market in Africa for potential upgrades to its electrified powertrains, once certified. This agreement follows Surf Air 's recent announcements of similar electrified powertrain MOUs with other major Cessna Caravan air operators in East Africa, such as Safarilink, Yellow Wings, and Z.Boskovic, as well as Azul Connecta in Brazil. Looking ahead, Surf Air Mobility Inc. (NYSE:SRFM) anticipates first-quarter 2024 revenue in the range of $28.5 million to $29.5 million. With efforts to balance growth with profitability, Surf Air Mobility is poised to lead the future of regional air mobility with its innovative approach and dedication to environmental stewardship. Click on this link or read their corporate presentation to learn more about Surf Air Mobility Inc. (NYSE:SRFM). Footnotes: [1] https://thesun.my/world/new-zealand-to-launch-first-electric-plane-for-test-commercial-flights-in-2026-company-ED12339085 [2] https://www.rnz.co.nz/national/programmes/checkpoint/audio/2018918568/air-nz-purchases-first-battery-powered-electric-aircraft Disclosure: 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies outlined in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Surf Air Mobility Inc. Market Jar Media Inc. was paid $1,500 for the production and publishing of this article by Surf Air Mobility Inc.’s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.’s engagement by Surf Air Mobility Inc.’s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-srfm. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on PressReach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on PressReach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Surf Air Mobility Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Surf Air Mobility Inc.’s industry; (b) market opportunity; (c) Surf Air Mobility Inc.’s business plans and strategies; (d) services that Surf Air Mobility Inc. intends to offer; (e) Surf Air Mobility Inc.’s milestone projections and targets; (f) Surf Air Mobility Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Surf Air Mobility Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Surf Air Mobility Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Surf Air Mobility Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Surf Air Mobility Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) Surf Air Mobility Inc.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Surf Air Mobility Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Surf Air Mobility Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Surf Air Mobility Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Surf Air Mobility Inc.’s business operations (e) Surf Air Mobility Inc. may be unable to implement its growth strategy; and (f) increased competition.Except as required by law, Surf Air Mobility Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Surf Air Mobility Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Surf Air Mobility Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Surf Air Mobility Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Surf Air Mobility Inc. or such entities and are not necessarily indicative of future performance of Surf Air Mobility Inc. or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

April 19, 2024 08:30 AM Eastern Daylight Time

Image
Article thumbnail News Release

Ocean Power Technologies looks to expand growth teaming with major defense contractor

Ocean Power Technologies Inc

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to unveil a groundbreaking development: the signing of a teaming agreement with a major international defense contractor. This strategic alliance is poised to propel maritime domain awareness to new heights by leveraging OPT's innovative Merrows suite of solutions. In his discussion with Proactive, Stratmann elucidated that the teaming agreement grants the international contractor exclusive rights to provide OPT's Maritime Domain Awareness Solution (MDAS) within specified geographic regions. This collaboration represents a fusion of OPT's cutting-edge technology with the contractor's unparalleled expertise in defense, homeland security, and commercial programs, aiming to fortify capabilities in maritime security and surveillance. At the heart of this collaboration lies MDAS, a revolutionary solution developed by OPT that integrates state-of-the-art data collection and analysis capabilities. By harnessing autonomous marine platforms such as vehicles and buoys, coupled with advanced sensors and data analytics, MDAS delivers comprehensive maritime surveillance, tracking, and monitoring capabilities. This real-time situational awareness empowers stakeholders across various sectors, including defense, environmental monitoring, and search and rescue operations. The partnership between OPT and the international defense contractor heralds a new era of innovation and collaboration in the realm of maritime domain awareness. By pooling their respective strengths and resources, the two entities are poised to enhance security and safety in key maritime regions, safeguarding vital interests and promoting stability in an ever-evolving global landscape. As OPT continues to push the boundaries of technological innovation, this partnership underscores the company's commitment to advancing maritime security and sustainability. Stay tuned for further updates as OPT and its collaborators pave the way for a safer and more secure maritime domain, empowered by cutting-edge solutions and strategic partnerships. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

April 17, 2024 02:47 PM Eastern Daylight Time

Video
Article thumbnail News Release

Comtex Launches Omnia: A Cutting-Edge News API Platform leveraging NLP and AI

Comtex

Comtex News Network, Inc (Comtex), a leading provider of news aggregation and distribution services to top firms in financial services, news publishing, syndication, and analytics, proudly announces the launch of its innovative API platform, Omnia. Omnia is a state-of-the-art API platform designed to revolutionize the way businesses access and utilize news content. Omnia empowers users with instant access to real-time streaming news, AI-generated article summaries, enhanced tagging and categorization based on NLP, advanced filtering, and access to an extensive catalog of curated news sources. Key Features of Omnia Include: Real-time Streaming News: Omnia provides real-time streaming news via websockets push and REST API for seamless integration into existing systems. Enhanced Tagging and Categorization: Leveraging AI and proprietary NLP-based algorithms, Omnia offers enhanced tagging and categorization of content, including press releases, earnings releases, product categories, and more. AI-Generated Article Summaries: Omnia utilizes AI to generate concise and searchable article summaries, enabling users to quickly grasp an article before reading it. Advanced Filtering: Omnia's advanced filtering capabilities allow users to customize their news feeds based on specific criteria, ensuring they receive only the most relevant content. Access to an extensive collection of curated, high-quality sources used by top companies in financial services, analytics, research and a broad range of industries. Omnia is designed for rapid integration and serves a variety of use cases, including training of LLMs, financial platforms, asset management, trading, academic research, legal research, market research, and much more. Commenting on the launch, Comtex CEO Kan Devnani said, "We are pleased to bring a flexible, state-of-the-art news platform with access to curated, premium news sources to market. Omnia is an extendable platform, combining AI with our rich experience applying NLP to news content. This will allow clients to derive more intelligence and insights from the news content we offer and help clients curate and identify the content most relevant to them. Comtex will use Omnia to deliver evolving analytics and insight to its users." Access to Omnia can be trialed by visiting https://www.comtex.com/api. Comtex encourages users to explore its features and capabilities. To learn more about Omnia and request a demo, please contact sales@comtex.com or visit https://www.comtex.com/api. About Comtex News Network, Inc (Comtex): Comtex News Network Inc (Comtex) is a leading provider of news aggregation services to top firms in financial services, news publishing, syndication, and analytics. With a wealth of experience and expertise, Comtex delivers comprehensive news solutions that empower businesses to make informed decisions and stay ahead of the competition. Comtex also offers syndication services to content providers and platforms to generate traffic to online content. Contact Details Comtex News Network Media Relations sales@comtex.com

April 12, 2024 02:01 PM Eastern Daylight Time

Article thumbnail News Release

Select Sector SPDR ETFs: A Strategic Approach to Precision Investing and Customized Portfolios

Select Sector SPDR

In the dynamic world of investing, Exchange-Traded Funds ( ETFs ) have proved to be a powerful tool for investors seeking diversification, flexibility, and potentially a more sector-driven approach. Select Sector SPDR ETFs offer a focused approach to sector investing, enabling investors to specifically target sectors within the broader market. This method of investment strategy is designed to arm investors with greater control and flexibility over their portfolios. Select Sector SPDR ETFs segment the S&P 500 into 11 investable sectors, covering all broad market segments. They provide access to various industries, allowing investors to craft a diversified portfolio that aligns with their unique investment goals. This approach presents an excellent opportunity for both individual and institutional investors to effectively navigate the financial markets. Each ETF comprises well-known, large-cap companies from the S&P 500, ensuring broad exposure and diversification. The transparent nature of ETFs allows for daily disclosure of portfolio holdings and weightings, providing investors with visibility into their investments. The full lineup of Select Sector SPDR ETFs includes: Communication Services Select Sector SPDR Fund (XLC) Consumer Discretionary Select Sector SPDR Fund (XLY) Consumer Staples Select Sector SPDR Fund (XLP) Energy Select Sector SPDR Fund (XLE) Financials Select Sector SPDR Fund (XLF) Health Care Select Sector SPDR Fund (XLV) Industrials Select Sector SPDR Fund (XLI) Materials Select Sector SPDR Fund (XLB) Real Estate Select Sector SPDR Fund (XLRE) Technology Select Sector SPDR Fund (XLK) Utilities Select Sector SPDR Fund (XLU) These ETFs provide flexible, transparent, and low-cost investment options to both retail and institutional investors. The flexibility offered by these ETFs empowers investors to make strategic adjustments in their portfolios as market conditions change. This flexibility, combined with the transparency of daily disclosure of portfolio holdings, allows investors to always be aware of where their money is invested. Select Sector SPDR ETFs offer a unique opportunity to invest in various sectors with precision and flexibility. They provide a simplified approach to sector investing, allowing investors to customize their portfolios to meet their specific investment objectives. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007439 EXP 5/31/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

April 12, 2024 05:00 AM Eastern Daylight Time

Article thumbnail News Release

Annette Clayton Joins Flash Board of Directors

Flash Parking

Flash, the leading digital ecosystem provider connecting drivers to parking and EV charging experiences, today announced Annette Clayton, chairwoman and former CEO of Schneider Electric, has joined the company’s board of directors. Ms. Clayton has decades of automotive, technology and energy industry experience and brings an extensive track record guiding corporate strategy and operations for growth companies and pioneering startups. “We are incredibly fortunate to welcome Annette to our board of directors,” said Dan Sharplin, Flash’s CEO and Chairman. “She is an accomplished leader who has dedicated her career to companies that are transforming their respective industries, and her talents and expertise will be invaluable to our next chapter of growth, particularly when it comes to meeting the needs of modern drivers through the next wave of EV adoption.” Ms. Clayton joins Flash’s board of directors after recently concluding her tenure as CEO of Schneider Electric North America. During that time, Ms. Clayton led business strategy for the region, representing 30,000 employees and sales of more than $11 billion in fiscal year 2022. “Working with innovators like Flash that reimagine an industry is the work I love,” said Ms. Clayton regarding her appointment. “I have followed Flash’s evolution from its startup days and think the current moment is among its most exciting – Flash has done the heavy lifting and is poised to bring all the players together to set the new standard for a first-of-its-kind digital ecosystem.” Ms. Clayton currently serves on the public boards of Duke Energy, NXP Semiconductors, Oshkosh Corporation and Nordson Corporation. Ms. Clayton’s prior board service includes National Electrical Manufacturers Association, National Association of Manufacturers and many of Schneider Electric’s Energy-as-a-Service joint ventures. She was also a member of Rewiring America’s CEO’s for Electrification coalition for business leaders. Prior to Schneider Electric, she served in senior management roles for Dell, where she led the transformation of its global supply chain and fulfillment model, and General Motors Corporation, including president of Saturn Corporation, where she oversaw strategic direction, financial accountability, and profitability. Ms. Clayton holds a bachelor’s degree in general engineering from Wright State University, a master’s degree in engineering management from the University of Dayton and has completed the London Business School executive development program. About Flash Flash is a pioneering technology company bringing seamless parking and EV charging experiences to drivers through a first-of-its-kind digital ecosystem. Flash’s platform connects reservable parking and charging in the apps drivers use every day with garage, surface lot, event, and valet parking locations — connected and controlled via a cloud-based operating system with unrivaled intelligence. Customer-obsessed brands partner with Flash to deliver digital, easy-to-use, reliable, and increasingly frictionless experiences to drivers eager to pay for a solution that eliminates wasted time, excess emissions, and stress from driving. The solution has arrived. Visit www.flashparking.com to learn more. Contact Details Flash Parking Ray Young +1 512-694-6097 ray@razorsharppr.com Company Website https://www.flashparking.com/

April 04, 2024 03:00 PM Eastern Daylight Time

Article thumbnail News Release

U.S. Ferrosilicon Producers File Petitions to Stop Unfairly Traded Imports from Russia, Kazakhstan, Malaysia, and Brazil

U.S. Ferrosilicon Producers

CC Metals and Alloys, LLC (“CCMA”) and Ferroglobe USA, Inc. (“Ferroglobe”), representing all American ferrosilicon production, today filed petitions with the U.S. Department of Commerce (“Commerce”) and U.S. International Trade Commission (“ITC”) alleging that unfairly priced and subsidized ferrosilicon imports from Russia, Kazakhstan, Malaysia, and Brazil are causing material injury to U.S. industry. The antidumping and countervailing duty petitions detail unfair trade practices to sell ferrosilicon at less than fair value and allege dumping margins of up to 212%, as well as numerous subsidies. The petitions detail the extensive injury suffered by the U.S. industry and its workers, and request relief in the form of special duties on all associated imports. “The onslaught of dumped imports from these countries over the last three years has caused serious harm to the U.S. industry, its workers, and the communities in which we operate,” said Marco Levi, Chief Executive Officer of Ferroglobe PLC. “A successful outcome in these cases will allow us to get back to work on a level playing field.” “American producers can compete with anyone in the world, as long as we’re all playing by the same rules,” said Chris Cobb, CCMA’s plant manager. “Bringing these cases allows us to protect our colleagues, employees, and communities. Fortunately, our country’s trade laws are set up to support fair trade. On behalf of our employees, customers, and colleagues, we look forward to seeing those laws enforced and those who violate our laws held accountable.” The cases filed today cover all types of ferrosilicon, regardless of chemistry, grade, or physical form. After today’s filing, Commerce will initiate its antidumping and countervailing duty investigations by April 17, 2024, and the ITC is expected to make a preliminary injury determination by May 13, 2024. About the CCMA and Ferroglobe CCMA traces its roots back to 1949, when it was founded as a producer of large-volume commodity ferroalloys for the steel industry in Calvert City, Kentucky. Today CCMA is an ISO 9001 certified leading manufacturer of more than 40 different products including 18 different ferrosilicons and more than 20 different magnesium ferrosilicon inoculants, high purity, 3%-9% magnesium and proprietary alloys. CCMA ships over 100,000 metric tons of finished product annually from our manufacturing facility in Calvert City, KY via barge, rail and truck. Ferroglobe is a wholly owned U.S. subsidiary of Ferroglobe PLC, a world-leading producer of ferrosilicon, silicon metal, and manganese-based alloys, serving a customer base across the globe in dynamic and fast-growing end markets, such as solar, automotive, consumer products, construction and energy. Through its subsidiaries, Ferroglobe owns metallurgical manufacturing facilities and other operations in Ohio, West Virginia, South Carolina, Alabama, Indiana, Florida and Kentucky. For more information, visit https://www.ccmetals.com/ and https://www.ferroglobe.com/ Contact Details EAH Strategies, LLC Elizabeth Heaton +1 202-445-9858 elizabeth@eahstrategiesllc.com

March 28, 2024 04:15 PM Eastern Daylight Time

Article thumbnail News Release

Ocean Power Technologies secures key deal for WAM-V USV's in Latin America

Ocean Power Technologies Inc

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to share exciting news regarding the company's latest commercial milestone. Ocean Power Technologies has announced the largest quantity order in its history, signifying a significant achievement for the company. A valued customer operating in the offshore energy service industry in Latin America has placed purchase orders for multiple WAM-V USVs (Wave Energy Marine Vehicles), representing a substantial investment totaling over $1.5 million. This milestone underscores OPT’s continued expansion in the region and highlights the growing demand for its innovative solutions. Stratmann explained to Proactive that the WAM-V USVs will be deployed in hydrographic applications, leveraging their adaptability and reliability to provide the customer with a versatile multi-application solution. This landmark order not only demonstrates the effectiveness of OPT's technology but also solidifies the company's position as a leader in the marine robotics industry. By delivering unrivaled solutions that redefine possibilities in marine robotics, OPT is poised to meet the evolving needs of its customers and drive growth in the region. The significance of this order extends beyond its monetary value, marking a pivotal moment for Ocean Power Technologies. It showcases the company's commitment to delivering innovative solutions that address the unique challenges of the offshore energy sector. OPT's ability to secure this substantial order underscores its reputation for excellence and positions it for further success in the dynamic Latin American market. In summary, the largest quantity order in Ocean Power Technologies' history represents a significant milestone for the company, highlighting its continued growth and success in the marine robotics industry. With a focus on delivering unparalleled solutions and driving innovation, OPT is well-positioned to capitalize on emerging opportunities and solidify its position as a leader in the field. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 27, 2024 12:30 PM Eastern Daylight Time

Video
12345 ... 50