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American Equipment Completes Acquisition of Washington Crane & Hoist

Rotunda Capital Partners LLC

American Equipment Holdings (“American Equipment”), a Rotunda Capital Partners portfolio company, has acquired Washington Crane & Hoist (“Washington Crane”), the premier provider of overhead crane maintenance, repair, and overhaul (“MRO”) services and equipment in the Pacific Northwest and Alaska. Washington Crane is the third acquisition completed by American Equipment since partnering with Rotunda in May of 2021. For more than 45 years, Washington Crane has been providing a full suite of overhead crane and hoist solutions to market-leading customers throughout the Pacific Northwest and Alaska, including OSHA mandated inspections, preventative maintenance and repair services, parts, engineering, new and replacement equipment, and system modernizations. Washington Crane is headquartered in Pacific, Washington, with additional facilities in Vancouver, Washington and Anchorage, Alaska. The acquisition of Washington Crane adds another premium brand to American Equipment’s portfolio of leading overhead crane and hoist MRO service and equipment providers, and further strengthens its position as the leader in advanced and highly engineered overhead crane systems. “We are excited to welcome the entire Washington Crane team to the American Equipment family,” said American Equipment CEO Adam Zimmerman. “Leveraging both companies’ differentiated capabilities and expanded geographic footprint enables us to deliver unprecedented value to our customers. The acquisition of Washington Crane is a tremendous milestone as we reinforce our position as the trusted partner-of-choice in the overhead crane and hoist markets.” “I have been extremely impressed with the American Equipment and Rotunda teams, especially their collective vision for the industry,” said Mike Currie, owner and president of Washington Crane. “After meeting with American Equipment, it was clear to me that Adam and his team are building a special company – their focus on their customers, employees, and safety are best-in-class. We are thrilled by the opportunities this acquisition creates for both our customers and our employees.” Currie will continue to support the company and its customers post-transaction as a special advisor to American Equipment. About American Equipment Holdings American Equipment Holdings is home to a collection of leading overhead crane and hoist distributors and service providers, including American Equipment, Pacific Crane & Hoist, Allied Crane, and Washington Crane & Hoist. The consolidated entity is one of the largest independently owned overhead crane and hoist solutions providers in the country, serving over 3,000 customers across 17 strategic locations throughout Alaska, Arizona, California, Colorado, Idaho, Nevada, New Mexico, Utah, Washington, and Wyoming. Together, American Equipment Holdings provides comprehensive solutions for everything related to customers’ overhead crane and hoist needs, including OSHA mandated inspections, preventative maintenance and repair services, parts, engineering, ISO certified fabrication, new and replacement equipment, automated cranes, system modernizations and training. American Equipment Holdings represents the industry’s leading manufacturers such as Detroit Hoist, Columbus McKinnon, ACCO, R&M, Demag, Gorbel, Spanco, IMS, Harrington, Conductix, Magnetek & PE, among others while customers rely on its service, design, engineering, fabrication, and installation capabilities to meet their unique application needs. American Equipment Holdings serves local, regional, and national customers across a variety of end markets, including light and heavy industrial, automotive, mining, public utilities, military, aerospace and defense, and energy, among others. For more information, visit www.amquipinc.com. About Washington Crane Founded in 1975, Washington Crane is the premier provider of overhead crane maintenance, repair and overhaul services and equipment in the Pacific Northwest and Alaska. Washington Crane provides a comprehensive suite of solutions to a diverse group of world-class customers including OSHA mandated inspections, preventative maintenance and repair services, parts, engineering, new and replacement equipment, and system modernizations. Washington Crane is headquartered in Pacific, Washington with additional facilities in Vancouver, Washington and Anchorage, Alaska. For more information, visit www.washingtoncrane.com. About Rotunda Capital Partners Rotunda Capital Partners is a private equity firm that invests equity capital in established, lower middle market companies. Rotunda partners with management to build data-driven growth platforms within its targeted sectors, including value-added distribution, asset light logistics and industrial/business services. Founded in 2009, the firm has a long history of helping management teams achieve their goals for growth. The Rotunda team actively provides guidance and draws on deep industry and financial relationships to contribute to the successful execution of Rotunda’s companies’ strategic plans. The firm has offices in Bethesda, MD and Evanston, IL. For more information, visit www.rotundacapital.com. Contact Details Rotunda Capital Partners Jill Lafferty +1 847-280-1295 jill@rotundacapital.com Company Website https://www.rotundacapital.com

November 09, 2021 07:34 AM Eastern Standard Time

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AGWS Announces its Attendance at the 2021 RVDA Show and its Sponsorship of The Big Raise for St. Jude Children’s Research Hospital

American Guardian Warranty Services (AGWS)

American Guardian Warranty Services, Inc. (AGWS), a leading finance and insurance (F&I) provider in the industry, offering products and services in the automotive, RV, powersports, marine, and commercial trucking markets, will return to the 2021 National RV Dealers Association Convention, Nov. 8 – 12, 2021 at Paris Las Vegas. AGWS is eager to return in person to this year’s RVDA Convention and invites attendees to stop by Booth #501 to learn more about the newest AGWS products and services, as well as additional details on The Big Raise for the St. Jude event, which AGWS is proud to be the lead sponsor on for the fifth year. In addition to its presence on the exhibit floor, AGWS will be hosting a private event during RVDA for the company’s Agents and Dealers at Margaritaville on Tuesday, Nov. 9. The Big Raise for St. Jude Children’s Hospital is taking place at the Reunion Golf Resort & Spa in Kissimmee, FL, Jan. 30 – 31, 2022. The two-day, all-inclusive event will consist of a welcome dinner on Sunday night, and a golf tournament Monday on the resort’s signature courses designed by three of golf’s greatest legends – Jack Nicklaus, Tom Watson, and Arnold Palmer. On course contests, a team competition, and a putting contest are several of the days’ highlights. “After not being able to attend in person events for a couple of years now, AGWS is looking forward to once again sponsoring this event, which will greatly benefit the kids of St. Jude,” said Jon A. Anderson, President and COO of AGWS. “I have been blessed to be involved with this event for five years, and the hospital for longer. I look forward to others in our network joining us, supporting the kids, and seeing how everyone can participate in making a difference for a great cause,” said Anderson. Click Here for more information on The Big Raise for St. Jude Children’s Research Hospital and sponsorship opportunities. About American Guardian Warranty Services, Inc. (AGWS) Headquartered just outside of Chicago, Illinois, AGWS is an innovative provider of administration services for Agents and Dealers offering vehicle protection products, limited warranties, and a variety of environmental and aftermarket products across the United States. Since its inception in 1998, the goals of AGWS are to offer superior claim processing, exceptional customer service, and unrivaled profitability options. Products are insured by “A” and “A-” (Excellent) rated carriers. AGWS is part of the American Guardian Group of Companies and enjoys an A+ rating with the Better Business Bureau. For more information, visit agws.com or the AGWS University at agwsu.com. Contact Details North 6th Agency for AGWS tlarocchia@n6a.com

November 08, 2021 09:00 AM Eastern Standard Time

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Centerboard Launches Updated Product Offerings via WIN, by Centerboard Technology Platform

Centerboard

Centerboard, the neutral, shipper-centric transportation management solution, is announcing a range of updated solutions to its core platform, WIN, by Centerboard. As the shipping industry navigates challenges presented by disruptions in the supply chain, Centerboard aims to ease shippers’ workload through new technologies that offer a seamless user experience. With these latest updates, shippers of all sizes receive access to modular and flexible solutions powered by real-time data, providing full control over and transparency of their supply chain. “Our business needs are continuously changing as we navigate through the pandemic, shipping delays and driver shortages,” said Nicolas Adam, Executive Vice President at Margarine Thibault. “With the various new features offered on WIN, by Centerboard we’ve been able to navigate all of these challenges while improving our processes, enabling our team to make better shipping decisions and ultimately save time and money.” New features now live in WIN, by Centerboard include: Advanced Shipment Notifications on all order tracking messages, helping to improve efficiency, accuracy and flexibility. Tracking Message on Behalf of Carriers helping to communicate shipping updates in real-time. Activity Tab Added on Order Screen to customize specific items related to an order, ultimately saving time. Added Custom Fields including date and timestamp, helping users to improve their billing process. Tender Response Reminders, including scheduled, automated messages reducing the need for shippers to manually contact carriers. Pallet Labels to auto-generate the paperwork that shippers had to manually create. Pro Sticker Image on BOL, adding greater clarity to the shipping experience by giving the client and carrier a convenient document for real-time tracking. “Centerboard’s best-in-class technology team is powered by 30 years of supply chain expertise and we understand what shippers need most. We’re focused on providing shippers with solutions that are backed with artificial intelligence and machine learning capabilities enabling more cost-effective, efficient and sustainable programs,” said Lindsey Shellman, Chief Commercial Officer at Centerboard. “It’s important that current and future technology features are nimble and flexible in order to support changing architectures. Centerboard gives shippers control by integrating with their existing and emerging technologies.” To learn more about Centerboard and the new solutions offered through WIN, by Centerboard, Visit www.centerboard.com. About Centerboard Centerboard is a neutral, shipper-centric transportation and supply chain management platform supplying shippers with access to a wide range of affordable features needed to take control of operations. Centerboard unlocks business opportunities for shippers, carriers and supply chain stakeholders, through leveraging real-time data. Centerboard is out to make the supply chain more sustainable and efficient to ensure less waste and significant carbon reduction with every trip. Contact Details Kite Hill PR for Centerboard Kite Hill PR centerboard@kitehillpr.com Company Website https://www.centerboard.com/

November 04, 2021 09:00 AM Eastern Daylight Time

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MOTIS Brands Acquires Pier of d'Nort

Rotunda Capital Partners LLC

MOTIS Brands (“MOTIS”), a Rotunda Capital Partners portfolio company, has acquired Pier of d'Nort (“PDN”), a leading manufacturer of innovative aluminum pier systems. For 20 years, Pier of d’Nort has designed and manufactured their patented dock system and related accessories. PDN’s premium piers can be found all over the United States, and each is built-to-order in St. Germain, Wisconsin. For MOTIS, the acquisition of PDN adds another quality brand to its portfolio and bolsters existing U.S. manufacturing capabilities. “The acquisition of PDN expands our assortment in an important and fast-growing category,” said MOTIS CEO Rich Spratt. “Our goal remains to assemble the broadest and deepest collection of premium brands for loading, hauling, storage and productivity needs, and Pier of d’Nort is an ideal fit. We’re thrilled to add PDN to the MOTIS family.” About MOTIS Brands Headquartered in Germantown, WI, MOTIS Brands proudly designs, develops, and distributes a collection of industry leading loading, hauling, automotive and accessibility brands including Race Ramps®, Silver Spring Mobility®, Heavy Duty Ramps™, Black Widow®, Guardian Industrial Products™, Kill Shot®, Tilt-a-Rack®, Harbor-Mate®, Lucky Dog™, Big Boy®, and Mac’s Custom Tie-Downs. For more information, visit www.motisbrands.com. About Rotunda Capital Partners Rotunda Capital Partners is a private equity firm that invests equity capital in established, lower middle market companies. Rotunda partners with management to build data-driven growth platforms within its targeted sectors, including value-added distribution, asset light logistics and industrial/business services. Founded in 2009, the firm has a long history of helping management teams achieve their goals for growth. The Rotunda team actively provides guidance and draws on deep industry and financial relationships to contribute to the successful execution of Rotunda’s companies’ strategic plans. The firm has offices in Bethesda, MD and Evanston, IL. For more information, visit www.rotundacapital.com. Contact Details Rotunda Capital Partners Jill Lafferty +1 847-280-1295 jill@rotundacapital.com Company Website https://motisbrands.com/

November 04, 2021 07:34 AM Eastern Daylight Time

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Cooper Standard Reports Third Quarter Results

Cooper-Standard Holdings Inc.

Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the third quarter 2021. Third Quarter 2021 Summary Sales totaled $526.7 million, reflecting the negative impact of ongoing semiconductor-related customer schedule reductions Net loss amounted to $123.2 million or $(7.20) per diluted share Adjusted EBITDA totaled $(33.9) million, including the negative impact of semiconductor-related customer schedule reductions, higher materials costs and allowance for credit loss Electric Vehicle platforms accounted for approximately $30 million in net new business awards Subsequent to quarter end, the Company reached a long-term commercial agreement to license its Fortrex TM technology to a footwear manufacturer “Our operating teams continue to deliver world-class products, technology and service to our customers around the world despite significant ongoing headwinds and challenges,” said Jeffrey Edwards, chairman and CEO, Cooper Standard. “Our commercial teams are engaged in aggressive discussions with our customers and suppliers to offset the incremental costs we have incurred from volatile production schedules and materials price inflation. We remain focused on optimizing those aspects of our business that are within our control and on executing our longer-term strategic initiatives.” Consolidated Results The year-over-year change in third quarter sales was primarily attributable to unfavorable volume and mix resulting from semiconductor-related customer schedule reductions. Net (loss) income for the third quarter 2021 included a non-cash deferred tax valuation allowance of $13.3 million, restructuring charges of $1.6 million and other special items. Net (loss) income for the third quarter 2020 included restructuring charges of $6.2 million and other special items. Adjusted net (loss) income, which excludes these items and their related tax impact, was $(106.4) million in the third quarter 2021 compared to $3.6 million in the third quarter of 2020. The year-over-year change was primarily due to unfavorable volume and mix resulting from semiconductor-related customer schedule reductions, higher commodity and material costs, general inflation and the one-time impact of a credit loss for certain accounts receivable deemed to be unrecoverable. In the first nine months of the year, the year-over-year increase in sales was primarily attributable to the non-recurrence of COVID-19 related customer shutdowns, partially offset by unfavorable volume and mix resulting from semiconductor-related customer schedule reductions. Net (loss) income for the first nine months of 2021 included restructuring charges of $34.3 million, a non-cash deferred tax valuation allowance of $13.3 million and other special items. Net (loss) income for the first nine months of 2020 included asset impairment charges of $87.4 million, restructuring charges of $23.2 million and other special items. Adjusted net (loss) income, which excludes these items and their related tax impact, was $(172.0) million in the first nine months of 2021 compared to $(144.7) million in the first nine months of 2020. The year-over-year change was primarily due to unfavorable volume and mix resulting from semiconductor-related customer schedule reductions, higher commodity and material costs, higher interest expense, wage inflation and lower tax benefit partially offset by the non-recurrence of COVID-related customer shutdowns, improved manufacturing efficiency and lower SGA&E expense. Adjusted net (loss) income, adjusted EBITDA and adjusted (loss) earnings per diluted share are non-GAAP measures. Reconciliations to the most directly comparable financial measures, calculated and presented in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”), are provided in the attached supplemental schedules. Automotive New Business Awards The Company continues to leverage its world-class engineering and manufacturing capabilities, its innovation programs and its reputation for quality and service to win new business awards with its customers. During the third quarter of 2021, the Company received net new business awards representing approximately $30 million in incremental anticipated future annualized sales. Importantly, these net new business awards were primarily on electric vehicle platforms. For the first nine months of 2021, the Company's net new business awards totaled $160.1 million, with $88.4 million in new awards on electric vehicle platforms. Notable Events - Expanding Markets for Fortrex TM Technology Subsequent to the end of the third quarter, the Company finalized a long-term commercial agreement with a footwear manufacturer granting them license to use Fortrex TM technology in the manufacture of their footwear products. The agreement calls for the payment of licensing fees and ongoing volume-based royalties with an established minimum value. The agreement is for a 10 year term and is non-exclusive. In accordance with the terms of the agreement, the identity of the footwear manufacturer and specific financial terms will not be disclosed. The Company is continuing technology development work to further leverage the sustainability advantages of Fortrex TM technology in both automotive and non-automotive applications. Segment Results of Operations Sales * Net of customer price reductions Volume and mix, net of customer price reductions, was driven by vehicle production volume decreases due to semiconductor-related customer schedule reductions. The impact of foreign currency exchange primarily related to the Chinese Renminbi, Canadian Dollar, Euro and Brazilian Real. Adjusted EBITDA * Net of customer price reductions Volume and mix, net of customer price reductions, was driven by vehicle production volume decreases due to semi-conductor-related customer schedule reductions. The impact of foreign currency exchange was driven by the Chinese Renminbi, Mexican Peso, Canadian Dollar, Euro, Polish Zloty, Czech Koruna, and Brazilian Real. The Cost (Increases) / Decreases category above includes: Commodity cost, wage inflation increases and the non-recurrence of prior year government incentives; The one-time impact of $11.2 million credit loss for certain accounts receivable related to the bankruptcy proceedings of a former joint venture in Asia; and Reduction in compensation-related expenses due to lower variable employee compensation expenses, salaried headcount initiatives, purchasing savings through lean initiatives, and restructuring savings. Cash and Liquidity At September 30, 2021, Cooper Standard had cash and cash equivalents totaling $253.3 million and total liquidity, including availability under its amended senior asset-based revolving credit facility, of $380.2 million. Based on our current expectations for light vehicle production and customer demand for our products, we expect our current solid cash balance and access to flexible credit facilities will provide sufficient resources to support ongoing operations and the execution of planned strategic initiatives. Outlook Entering the fourth quarter, light vehicle manufacturers and their suppliers continue to experience significant production delays and disruption due to the ongoing global semiconductor shortage and other supply chain constraints. Significantly higher commodity and materials costs, rising wages, general inflation and tight labor availability continue to create additional headwinds. At the same time, consumer demand for new light vehicles remains strong and U.S. dealer inventories remain at or near historic lows. Current customer schedules and industry forecasts suggest production volumes will begin to improve in the fourth quarter and continue to ramp up in the first half of 2022. The projected ramp up remains dependent on the available supply of semiconductors and could be impacted by further supply and demand imbalance or disruption. Based on our outlook for the global automotive industry, macroeconomic conditions, current customer production schedules and our own operating plans, the Company has updated its 2021 full year guidance as follows: 1 Guidance is representative of management's estimates and expectations as of the date it is published. Current guidance as presented in this press release considers October 2021 IHS Markit production forecasts for relevant light vehicle platforms and models, customers' planned production schedules and other internal assumptions. 2 Adjusted EBITDA is a non-GAAP financial measure. The Company has not provided a reconciliation of projected adjusted EBITDA to projected net income because full-year net income will include special items that have not yet occurred and are difficult to predict with reasonable certainty prior to year-end. Due to this uncertainty, the Company cannot reconcile projected adjusted EBITDA to U.S. GAAP net income without unreasonable effort. Conference Call Details Cooper Standard management will host a conference call and webcast on November 4, 2021 at 9:00 a.m. ET to discuss its third quarter 2021 results, provide a general business update and respond to investor questions. A link to the live webcast of the call (listen only) and presentation materials will be available on Cooper Standard’s Investor Relations website at www.ir.cooperstandard.com/events.cfm. To participate by phone, callers in the United States and Canada should dial toll-free (877) 374-4041. International callers should dial (253) 237-1156. Provide the conference ID 8759104 or ask to be connected to the Cooper Standard conference call. Representatives of the investment community will have the opportunity to ask questions after the presentation. Callers should dial in at least five minutes prior to the start of the call. Individuals unable to participate during the live call may visit the investors’ portion of the Cooper Standard website ( www.ir.cooperstandard.com ) for a replay of the webcast. About Cooper Standard Cooper Standard, headquartered in Northville, Mich., with locations in 21 countries, is a leading global supplier of sealing and fluid handling systems and components. Utilizing our materials science and manufacturing expertise, we create innovative and sustainable engineered solutions for diverse transportation and industrial markets. Cooper Standard's approximately 25,000 employees are at the heart of our success, continuously improving our business and surrounding communities. Learn more at www.cooperstandard.com or follow us on Twitter @CooperStandard Forward Looking Statements This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Our use of words “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “believe,” “outlook,” “guidance,” “forecast,” or future or conditional verbs, such as “will,” “should,” “could,” “would,” or “may,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon our current expectations and various assumptions. Our expectations, beliefs, and projections are expressed in good faith and we believe there is a reasonable basis for them. However, we cannot assure you that these expectations, beliefs and projections will be achieved. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. Among other items, such factors may include: the impact, and expected continued impact, of the COVID-19 outbreak on our financial condition and results of operations; significant risks to our liquidity presented by the COVID-19 pandemic risk; prolonged or material contractions in automotive sales and production volumes; our inability to realize sales represented by awarded business; escalating pricing pressures; loss of large customers or significant platforms; our ability to successfully compete in the automotive parts industry; availability and increasing volatility in costs of manufactured components and raw materials; disruption in our supply base; competitive threats and commercial risks associated with our diversification strategy through our Advanced Technology Group; possible variability of our working capital requirements; risks associated with our international operations, including changes in laws, regulations, and policies governing the terms of foreign trade such as increased trade restrictions and tariffs; foreign currency exchange rate fluctuations; our ability to control the operations of our joint ventures for our sole benefit; our substantial amount of indebtedness and variable rates of interest; our ability to obtain adequate financing sources in the future; operating and financial restrictions imposed on us under our debt instruments; the underfunding of our pension plans; significant changes in discount rates and the actual return on pension assets; effectiveness of continuous improvement programs and other cost savings plans; manufacturing facility closings or consolidation; our ability to execute new program launches; our ability to meet customers’ needs for new and improved products; the possibility that our acquisitions and divestitures may not be successful; product liability, warranty and recall claims brought against us; laws and regulations, including environmental, health and safety laws and regulations; legal and regulatory proceedings, claims or investigations against us; work stoppages or other labor disruptions; the ability of our intellectual property to withstand legal challenges; cyber-attacks, data privacy concerns, other disruptions in, or the inability to implement upgrades to, our information technology systems; the possible volatility of our annual effective tax rate; the possibility of a failure to maintain effective controls and procedures; the possibility of future impairment charges to our goodwill and long-lived assets; our ability to identify, attract, develop and retain a skilled, engaged and diverse workforce; our ability to procure insurance at reasonable rates; and our dependence on our subsidiaries for cash to satisfy our obligations; and other risks and uncertainties, including those detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements. Our forward-looking statements speak only as of the date of this press release and we undertake no obligation to publicly update or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except where we are expressly required to do so by law. This press release also contains estimates and other information that is based on industry publications, surveys and forecasts. This information involves a number of assumptions and limitations, and we have not independently verified the accuracy or completeness of the information. CPS_F Financial statements and related notes follow: Non-GAAP Measures EBITDA, adjusted EBITDA, adjusted net income (loss), adjusted earnings (loss) per share and free cash flow are measures not recognized under U.S. GAAP and which exclude certain non-cash and special items that may obscure trends and operating performance not indicative of the Company’s core financial activities. Net new business is a measure not recognized under U.S. GAAP which is a representation of potential incremental future revenue but which may not fully reflect all external impacts to future revenue. Management considers EBITDA, adjusted EBITDA, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business to be key indicators of the Company’s operating performance and believes that these and similar measures are widely used by investors, securities analysts and other interested parties in evaluating the Company’s performance. In addition, similar measures are utilized in the calculation of the financial covenants and ratios contained in the Company’s financing arrangements and management uses these measures for developing internal budgets and forecasting purposes. EBITDA is defined as net income (loss) adjusted to reflect income tax expense (benefit), interest expense net of interest income, depreciation and amortization, and adjusted EBITDA is defined as EBITDA further adjusted to reflect certain items that management does not consider to be reflective of the Company’s core operating performance. Adjusted net income (loss) is defined as net income (loss) adjusted to reflect certain items that management does not consider to be reflective of the Company’s core operating performance. Adjusted basic and diluted earnings (loss) per share is defined as adjusted net income (loss) divided by the weighted average number of basic and diluted shares, respectively, outstanding during the period. Free cash flow is defined as net cash provided by operating activities minus capital expenditures and is useful to both management and investors in evaluating the Company’s ability to service and repay its debt. Net new business reflects anticipated sales from formally awarded programs, less lost business, discontinued programs and replacement programs and is based on IHS Markit forecast production volumes. The calculation of “net new business” does not reflect customer price reductions on existing programs and may be impacted by various assumptions embedded in the respective calculation, including actual vehicle production levels on new programs, foreign exchange rates and the timing of major program launches. When analyzing the Company’s operating performance, investors should use EBITDA, adjusted EBITDA, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business as supplements to, and not as alternatives for, net income (loss), operating income, or any other performance measure derived in accordance with U.S. GAAP, and not as an alternative to cash flow from operating activities as a measure of the Company’s liquidity. EBITDA, adjusted EBITDA, adjusted net income (loss), adjusted earnings (loss) per share, net debt, free cash flow and net new business have limitations as analytical tools and should not be considered in isolation or as substitutes for analysis of the Company’s results of operations as reported under U.S. GAAP. Other companies may report EBITDA, adjusted EBITDA, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business differently and therefore the Company’s results may not be comparable to other similarly titled measures of other companies. In addition, in evaluating adjusted EBITDA and adjusted net income (loss), it should be noted that in the future the Company may incur expenses similar to or in excess of the adjustments in the below presentation. This presentation of adjusted EBITDA and adjusted net income (loss) should not be construed as an inference that the Company’s future results will be unaffected by special items. Reconciliations of EBITDA, adjusted EBITDA, adjusted net income (loss) and free cash flow follow. Reconciliation of Non-GAAP Measures EBITDA and Adjusted EBITDA (Unaudited) (Dollar amounts in thousands) The following table provides a reconciliation of EBITDA and adjusted EBITDA from net (loss) income: 1 Non-cash impairment charges in 2021 related to fixed assets. Non-cash impairment charges in 2020 included impairment of assets held for sale and other impairment charges, net of portion attributable to our noncontrolling interests. 2 During 2021, we recorded subsequent adjustments to the net gain on sale of business, which related to the 2020 divestiture of our European rubber fluid transfer and specialty sealing businesses. 3 Lease termination costs no longer recorded as restructuring charges in accordance with ASC 842. 4 Project costs recorded in selling, administration and engineering expense related to divestitures in 2020. Adjusted Net (Loss) Income and Adjusted (Loss) Income Per Share (Unaudited) (Dollar amounts in thousands except per share and share amounts) The following table provides a reconciliation of net (loss) income to adjusted net (loss) income and the respective (loss) earnings per share amounts: 1 Non-cash impairment charges in 2021 related to fixed assets. Non-cash impairment charges in 2020 included impairment of assets held for sale and other impairment charges, net of portion attributable to our noncontrolling interests. 2 During 2021, we recorded subsequent adjustments to the net gain on sale of business, which related to the 2020 divestiture of our European rubber fluid transfer and specialty sealing businesses. 3 Lease termination costs no longer recorded as restructuring charges in accordance with ASC 842. 4 Project costs recorded in selling, administration and engineering expense related to divestitures in 2020. 5 Relates to the initial recognition of our valuation allowance on net deferred tax assets in the U.S. 6 Represents the elimination of the income tax impact of the above adjustments by calculating the income tax impact of these adjusting items using the appropriate tax rate for the jurisdiction where the charges were incurred. Free Cash Flow (Unaudited) (Dollar amounts in thousands) The following table defines free cash flow: Contact Details Contact for Analysts Roger Hendriksen +1 248-596-6465 roger.hendriksen@cooperstandard.com Contact for Media Chris Andrews +1 248-596-6217 candrews@cooperstandard.com

November 03, 2021 04:30 PM Eastern Daylight Time

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Nofar Energy expands the collaboration with Tesla

Nofar Energy Ltd.

Nofar Energy expands further its collaboration with Tesla: the company reported today it had entered a second framework agreement with Tesla on purchasing battery stored power systems with a total capacity of 200 megawatts for $54 million. Under the agreement, Nofar will pay 5% of the consideration on the contract signing date and the balance according to predefined milestones. The storage systems will be supplied from January 2023 through March 2024. This second agreement entered by Nofar and Tesla brings the total capacity of the storage systems to be built as part of the collaboration to 300 MW/h. Most of the storage systems covered by the first agreement entered in February 2021 for 100 MW/h are under or nearing construction. Given the fast implementation pace of the first agreement and the considerable demand, Nofar Energy decided to expand the collaboration with an additional contract for a larger capacity. Nofar estimates its EPC (Engineering, Procurement, and Construction) revenues from the second agreement will total ~ NIS 250 million. The annual revenues from power sales (arbitrage and grid services) are expected to total NIS 20-50 million. Moreover, the construction of the storage systems will enable building additional solar systems at high rates in areas characterized by overloaded grids, which could not be achieved in the absence of the storage systems. Nofar Energy plans to develop and manage the storage systems for existing and new partnerships the company and its partners own, including kibbutzim, real estate, commercial, and industrial companies. Several weeks ago, Nofar completed the construction and connection of Tesla’s first storage facility in Israel, in Kibbutz Shoval. Next week, the facility will be inaugurated at a ceremony attended by Tesla executives and representatives of Israel’s energy ministry and Electric Authority. Offering a capacity of 2.718 MW/h, the new facility allows overcoming the constraints placed by the local power grid through connecting additional photo-voltaic systems with significant capacity at a high rate of NIS 0.45 per each Kw/h produced. Moreover, the storage system offers additional economic value due to the planned raising of electricity prices. An independent management system developed by Nofar Energy ensures the facility runs according to the needs and chosen strategy. The project was co-built by Nofar Energy’s partnership with Kibbutz Shoval. Nofar concurrently advances the construction and connection of dozens of other power storage systems on lands owned by Kibbutzim and real estate companies already over the coming year as part of the existing or new partnership. In addition, the signing of the second framework agreement with Tesla allows Nofar to proceed with its action plan while promoting additional procurement agreements with other manufacturers. Nofar CEO Nadav Tenne commented, “I welcome the expanded collaboration with Tesla and thank its representatives for the professional and effective interface. Having projected the upcoming shortage of the power grid in extended areas over a year ago, we prepared accordingly with professional capabilities and control systems, pilots, and strategic collaboration agreements with equipment makers and suppliers. As a result, we can leverage the partnerships we put in place to build and connect tens of storage facilities with significant capacity over the next 12 months. These facilities will generate revenues from power sales, enabling the construction and connection of tens of additional solar systems at high rates independently of the grid’s resources. We plan to initiate similar storage facilities through the growth platforms we own in Europe and the USA. We are proud to be the leaders of Israel’s power storage revolution.” Contact Details Nofar Energy Dikla Ivry Pardnoy +972 52-380-4085 dikla@ivripr.com Company Website https://www.nofar-energy.com/

November 03, 2021 09:53 AM Eastern Daylight Time

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British fintech Nimbla attracts £5.1m investment as embedded insurance takes off

Stockwood Strategy

Fintech business insurance startup Nimbla has today announced a £5.1m funding round led by Silicon Valley venture fund Fin VC with participation from Barclays Bank. The funding comes as Nimbla seeks to scale its operations with increased demand from embedded credit risk solutions through its API with banks and alternative lending platforms. Founded in 2016, the Nimbla platform has given businesses the confidence to trade with a peace of mind using invoice insurance with quotes provided within seconds. Their proprietary digital automated credit risk platform is able to process requests immediately and provide real time quotes. Nimbla has processed over 67m invoices worth £2.5b. During the pandemic, volumes of invoices tripled as economic uncertainty and supply chain concerns increased and Nimbla continued writing new business. Flemming Bengtsen, CEO at Nimbla commented: “We have been growing steadily over the past few years, ramping up our technology and team to better understand businesses, the nature of B2B debt and to make faster decisions to serve our growing customer base. 2020 was a seminal year for Nimbla, at a time of global crisis, we were there for businesses enabling them to trade with a peace of mind and giving them confidence to carry on. This funding round will enable us to expand our platform, grow the team as we enable a confident and trusted trading environment for businesses across the UK and beyond”. Nimbla has worked directly with businesses and brokers to provide invoice insurance cover and more recently has launched a new API for Banks, fintech lenders and B2B platforms to enable more business to access the service. Nimbla partnered with Barclays Bank in 2020 to give their one million small business customers the ability to take out insurance against individual invoices, rather than the whole book. “We have built a powerful and robust credit risk model, automated large parts of the process and have now launched a new API to enable others to embed seamless credit risk solutions into their platforms” added Flemming Bengtsen. On investing in funding round Henry Cashin, Head of EMEA at Fin VC, commented: “Nimbla is giving businesses the confidence to trade again. They have a proven credit risk model and its tech is being adopted by top tier banks and a host of lending platforms. We believe this will scale their reach and help more businesses benefit long term”. Looking ahead, Flemming Bengtsen commented: “UK companies have added £1.9tn debt in 2020 to their balance sheets, taking the total amount outstanding to over £6.6tn. This number was inflated by the various government loan schemes. Over half of them are carrying ‘toxic debts’ which carries enormous risk for their trade creditors, there is a huge opportunity and responsibility for Nimbla to give companies a peace of mind and insure their invoices against insolvencies”. About Nimbla Nimbla makes sure businesses get paid for their hard work, even if a customer becomes insolvent. Founded in 2016, the company is on a mission to give SMEs the confidence to trade with a peace of mind using invoice insurance. Nimbla’s digital insurance platform backed by expert risk analysts, allows businesses to check a buyer’s ability to pay and insure individual invoices against non-payment in a fast and affordable way. This will enable business owners to safeguard against insolvent customers, expand into new and existing markets and secure better borrowing terms. The platform can be accessed directly (www.nimbla.com) and through partnerships with Barclays and insurance brokers. Based in London, Nimbla aims to bring the trade credit industry into the 21st century. Challenging traditional insurance models, the cover is flexible and adapts to fit your business — whether it’s a one-off invoice or multiple transactions. Contact Details Nimbla Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.nimbla.com/

November 03, 2021 08:00 AM Eastern Daylight Time

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SMEs “keep calm and carry on” despite rising costs from suppliers

Stockwood Strategy

Supply chain issues and increasing costs have impacted SMEs countrywide and yet they seem to be handling it in their usual resilient stride. Fintech business lender MarketFinance asked 1,000 SME owners 1 across the UK how they are managing rising supplier prices, what measures they have put in place and sought their long term outlook on the increasing costs of doing business. Supplier costs Four out of five (79%) SMEs have faced increased prices from suppliers over the past 6 months. An increase of cost of raw materials was the top ranked rationale for price increases by suppliers, most keenly felt by businesses in the north west of England (85%). This was followed by staff shortages, the ongoing impact of the pandemic slowdown and supply chain disruptions owing to a shortage of truck drivers. Across the UK, a quarter of SMEs reported supplier prices have almost doubled over the past 6 months. Impact A third of SMEs (32%) have been able to absorb the increased costs without passing them on to customers, suggesting that these businesses have the necessary cash reserves to handle the impact. Only a fifth (21%) are passing a portion of the increased costs onto customers. Businesses in the south west of England and Northern Ireland are least likely to absorb the costs while businesses in the north west and Yorkshire are the most likely to do so. Their customers are proving to be equally understanding of the wider supply chain situation with only a fifth (20%) challenging business owners about the price rises. Outlook Looking ahead to the festive season, SMEs feel they will be able to manage the situation but some could increase prices if the pressure gets too much. Two fifths reported they could increase their prices by as much as 10% in the run up to Christmas. Longer term, three quarters (73%) of SMEs are already preparing for the current higher prices to be the norm until at least the end of 2022. A third of SMEs (34%) have taken out loans or are using other finance facilities to manage the increased cost of doing business. Anil Stocker, CEO at MarketFinance, commented: “ The current economic environment with rising costs is presenting some headwinds and headaches for SME owners but they are proving to be as resilient as ever. The vast majority have been thinking ahead and accounted for the longer term scenario, which will hold them in good stead to do business. It’s great to see that SME owners are taking the long view and preserving their customer relationships and managing suppliers by having a finance facility in place to deal with the overhead for now. The British Business Bank announced last week that it will extend its Recovery Loan Scheme to June 2022. This extension will give SMEs easier access to more affordable finance they need to continue running and growing operations in the face of ongoing challenges such as staff shortages and supplier price increases.” 1 Research findings based on a survey of 1,000 UK companies (who are employers with a minimum turnover of £100,000) conducted for MarketFinance in October 2021 by LMRMC Research (a Market Research Society approved partner and ESOMAR corporate member). About MarketFinance MarketFinance is a fintech business lender which believes that SMEs are building the world. By making finance frictionless, they’re solving the cash flow issues getting in the way of progress. MarketFinance uses smart technology to deliver better access to faster, more affordable finance; with one-to-one help whenever businesses need it. Since 2011, MarketFinance has advanced over £2.6 billion worth of invoices and loans, enabling thousands of UK businesses to bridge today’s funding gaps and fuel tomorrow’s big ambitions. MarketFinance is an accredited Recover Loan Scheme lender and has a wide-reaching network of strategic partners including Barclays Bank UK PLC, Tide, Equals Group and Ebury. MarketFinance is backed by Barclays Bank UK PLC, Mouro Capital, Paul Forster (co-founder of Indeed.com) European venture capital fund Northzone (invested in Klarna, iZettle and Trustpilot), Viola Capital and private equity group MCI Capital (also invested in iZettle, Azimo and Gett). Contact Details MarketFinance Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://marketfinance.com/

November 02, 2021 10:00 AM Eastern Daylight Time

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ENEOS AT THE 2021 SEMA SHOW

ENEOS

ENEOS — Japan’s largest oil company, and supplier of motor oil and transmission fluids to the majority of Asian vehicle manufacturers — is returning to the annual SEMA Show in Las Vegas this week to meet and interact with automotive enthusiasts and customers. The lubricant specialist will be located in booth # 21203 at the front of Central Hall. Attendees will be able to explore a reimagined booth, which features a distinctive ENEOS road map aimed at highlighting the company’s core strengths. It includes an area dedicated to the company's crucial OEM relationships, which have allowed ENEOS to share its latest technology with the world’s car makers. The company is the leading expert in synthetic oil formulation, creating some of the thinnest, most efficient lubricants for the very latest gasoline and hybrid engines as well as their transmissions and differentials. As part of its expanding OEM relationships, ENEOS has created a new EV Fluid Line, which is designed to help increase the efficiency and durability of current and future electric vehicle components. And like its conventional motor and transmission oils, which are available to retail customers, the EV Fluid Line will initially be available to car makers as part of its OE Fill Program, with an aftermarket line in development. Full details about the EV Fluid Line are available from the ENEOS SEMA booth or at eneos.us The remaining stops on the ENEOS road map are at Performance and Transmission stations. These focus on the wide range of lubricants dedicated to the majority of current and older vehicles. Of particular interest is the ENEOS Racing Series motor oils, which are designed for use by weekend track day enthusiasts or dedicated racers. The Racing Street Series is engineered to work with emissions equipment and ensures extended high-temperature running, superior protection at initial start-up, and greater performance thanks to significantly reduced friction; benefits that have been proven to improve horsepower when used against its competitors. ENEOS Racing Pro Series oils are designed for dedicated race cars that do not require emissions equipment. The formulation provides the same protection as the Street series but at higher temperatures and for extended track sessions, ensuring maximum protection for the racing community. ENEOS also produces OE-quality lubricants for all transmission types, including automatic and CVT, thanks to its extensive OE partnerships. ENEOS carries two transmission product lines: ENEOS IMPORT SERIES for exact transmission specifications; and ENEOS ECO Series for extremely broad coverage of automatic and CVT transmissions in market today. For more information about the full ENEOS product lines, please visit eneos.us FORMULA DRIFT Thank you, Dai – Hello Fredric! ENEOS has been a sponsoring partner of Formula DRIFT and competing teams for many years. The company currently supports 2011 FD Champion Dai Yoshihara in the PRO Championship, and Rich Whiteman in the PROSPEC class. However, after competing at the highest level for more than 18 years, Dai is retiring from the series to focus on other motorsports activities. While we’re extremely sad to see Dai leave Formula DRIFT, ENEOS is planning to continue supporting Dai as he embarks on new projects. And we can exclusively announce that ENEOS will partner with the newly crowned Formula DRIFT Champion, Fredric Aasbo and Papadakis Racing for the 2022 season. This is extremely exciting for ENEOS because the company works closely with Toyota at the engineering and development level, and its synthetic lubricants will be the perfect addition to Fredric’s Rockstar Energy Toyota GR Supra. "At Papadakis Racing, we're fortunate to work with top tier companies in the automotive industry," said Papadakis Racing team owner Stephan Papadakis. “ We first put ENEOS to the test with our NASCAR-engined Scion tC and already know it’s a great product line. With that knowledge, we’re excited to bring ENEOS on board for our 1000hp Rockstar Energy Toyota GR Supra in Formula DRIFT next year.” ENEOS will work closely with Papadakis Racing over the winter and looks forward to Fredric’s defense of his Championship title throughout the 2022 season of the Formula DRIFT PRO series. HONDA-POWERED BMW Star of the ENEOS SEMA booth # 20213 is a 1985 BMW 318i built by Formula DRIFT PRO driver and owner of DevSpeed Motorsports, Faruk Kugay. To help make the vehicle unique, Faruk undertook an engine swap using the 2.0L four-cylinder engine from the Honda S2000. Codenamed F20C, the potent VTEC engine develops 240hp without requiring forced induction. The purpose of the swap was to provide the BMW with a more powerful yet lightweight engine that compares favorably to even the E30 M3’s 2.3L 16v engine. For this application, DevSpeed resisted the temptation to fit aftermarket tuning equipment, preferring instead to create a CARB-legal conversion that will provide a healthy performance increase without running into emissions problems As such, the engine is equipped with a CARB-legal AEM air intake and Borla Performance stainless steel exhaust system fitted after the BMW’s catalytic converter. Among the other upgrades to accommodate the swap is a custom wiring harness, tucked radiator, aluminum mounts and new installation hardware. The F20C is lubricated by ENEOS Racing Street 0W-50 motor oil to provide the optimum combination of wear protection and performance. Further highlights of the ENEOS BMW 318i F20C include the S2000’s six-speed transmission with a BMW limited-slip differential to aid traction when Faruk utilizes the car for track days and drift events. Both these drivetrain elements are lubricated by ENEOS oils. To improve mechanical grip, DevSpeed chose the Pandem V1.5 widebody kit. Designed and manufactured in Japan, it continues the JDM theme for this DTM classic. The wider Pandem fenders accommodate sticky Toyo Proxes RA1 tires, which are sized 255/40 front and 275/40 ZR17 rear. This is a significant increase over the stock E30. The Toyo Tires are mounted on motorsport-themed 17” Rotiform IGS wheels, which are a generous 9.5” wide at the front and 11” rear. Suspension is controlled by multi-adjustable KW Variant 3 coilovers, and the 36 year-old E30 bodyshell is reinforced with Garagistic components and a custom Devspeed four-point internal roll bar to deal with the increased cornering forces. Braking power has been considerably improved with equipment from the later E36 M3, including its larger front calipers and rotors thanks to specialized adapters. In addition to the widebody fender conversion, the ENEOS BMW 318i F20C also has the distinctive rear window, raised trunk lid and Evo II rear wing of the E30 M3, which helped to both improve airflow and increase downforce. There is also a carbon fiber roof panel, which allowed DevSpeed to delete the stock sunroof and lower the center of gravity. Inside, there are MOMO racing seats, steering wheel and shift knob as well as a motorsport-style dashboard and seat delete panels, adding to the weight reduction measures. As we mentioned, DevSpeed Motorsports will utilize the ENEOS BMW 318i F20C for track days and drift events, and Faruk will be able to drive the car legally on the street in California once it passes inspection after the SEMA Show. TECH SPEC 1985 BMW 318i with Honda S2000 F20C engine swap ENEOS BMW 318i F20C Engine: 2001 Honda S2000 F20C 2.0L four-cylinder 16v VTEC with CARB-legal AEM intake, Borla Performance stainless steel Type S cat-back exhaust, MPC hardware, Ryno Wiring mil-spec harness, ENEOS Racing Street 0W-50 motor oil, Chase Bays tucked radiator, Garagistic aluminum mounts Power: 240hp at 8300rpm / 153 lb-ft at 7500rpm Transmission: Honda S2000 six-speed transmission, Exedy clutch, 3.73:1 BMW limited-slip differential, ENEOS 75W-90 gear oil, custom driveshaft, Garagistic secondary diff mount, diff stud kit, aluminum transmission mounts, and front subframe spacers Suspension/Chassis: KW Variant 3 coilovers with adjustable compression and rebound, E30 M3 front spindles, E36 318Ti rear trailing arms with Garagistic reinforcement, Garagistic chassis and subframe reinforcements, Delrin bushings, power steering delete and camber/castor modification, four-point custom roll bar, E30 325i Convertible front shock tower reinforcement Braking: E36 M3 front brake conversion with custom brake hat adapters, E36 M3 rear brakes with SRS caliper adapters, Chase Bays dual master 6:1 boosterless conversion and stainless steel lines throughout Wheels & Tires: Rotiform IGS 17x9.5” front, 17x11” rear wheels finished in anthracite, 255/40 R17 front, 275/40 R17 rear Toyo Proxes RA1 tires Exterior: 6666 Customs / TRA Kyoto Pandem V1.5 widebody fenders, front spoiler, rear bumper, side skirts, CATuned E30 M3 Evo II rear wing, carbon fiber roof and front grilles, E30Garage Norway M3-style steel C-pillar conversion, E30 M3 trunk lid, Glass-On-The-Go E30 M3 rear glass, Frenchie Smiley headlights, @E30taillights, MPC hardware Interior: MOMO front seats, harnesses, steering wheel and shift knob, custom dashboard with Landmark Grafix 3M anti-glare wrap, rear seat delete panels Thanks / Sponsors: ENEOS, DevSpeed Motorsports, AEM, Borla Performance, CATuned, Chase Bays, Diverse Motorsports, Exedy, Foreign Parts Specialties, Garagistic, GReddy, Hanson Distributing Company, KW Suspension, Landmark Grafix, MOMO, MPC Motorsport, Rotiform, Ryno Wiring Solutions, Toyo Tires, @E30taillights HONDA ACTY Sticking with the JDM theme, ENEOS will also display a very unusual Honda Acty pickup built by Neil Tjin from Tjin Edition. The Kei truck was imported from Japan and has been put into service as a stylish delivery vehicle carrying ENEOS oil products and a distinctive SUPER73-ZX e-bike, which was customized to match the van. The many features and highlights of the Tjin Edition Honda Acty include the following: Mag factory wing, front bumper and fender flares FLP metal rear wing and custom side panels Seafoam green paint 13” Enjoy wheels painted yellow Custom upholstered Status seats and steering wheel Custom LED headlights, Rigid fog lights, reversing lights and third brake light Custom oil pan for mid-mounted three-cylinder 660cc liquid-cooled engine Rear-wheel drive Custom SUPER73-ZX e-bike with matching Seafoam green frame, yellow wheels and seat cover This small, maneuverable, economical Acty pickup is the ideal runaround for busy cities like Tokyo and Los Angeles. Its peppy three-cylinder engine makes light work of city streets and avoids the gas pump for as long as possible. The engine is mid-mounted to provide ample legroom for the occupants. Painted in a distinctive Seafoam green paint with contrasting 13” yellow Enjoy wheels and Status racing seats, the Tjin Edition Honda Acty will put a smile on your face every time you see it. Once the driver arrives at his destination, he's able to unload the custom SUPER73-ZX e-bike from the cargo bed. Painted in the same Seafoam green with yellow highlights to match the Acty's interior, the ZX was launched a few months ago to rave reviews. The e-bike features a lightweight aluminum frame and a removable battery that can provide an estimated 50 miles of range (depending on conditions). The ZX also features four riding modes and can be set to four riding classes to comply with local bylaws, all through the SUPER73 smart phone app. TESLA MODEL 3 PIKES PEAK In addition to sponsoring Dai Yoshihara’s Formula DRIFT season, ENEOS has been a long-time supporter of his Pikes Peak attempts, which culminated in a 2020 Unlimited Class win. For 2021, ENEOS and Dai again partnered with Evasive Motorsports to return to the annual Pikes Peak International Hill Climb (PPIHC). However, the Toyota 86 they had built and prepared for previous years was replaced by a brand new project: the Turn 14 Distribution / Toyo Tires / ENEOS / Evasive Motorsports Tesla Model 3 Pikes Peak race car. With ENEOS announcing its new line of six dedicated EV fluids, the combination of Dai, Evasive, and a new Tesla race car was a tantalizing prospect. However, despite numerous pre-event test sessions, the car suffered an electrical problem as it left the starting line. Undeterred, all parties plan to return to the PPIHC in 2022 to make another attempt to set an EV Production Car track record time in the Exhibition Class. Full details on the car can be found here: eneos.us/blog/eneos-returns-to-pikes-peak-with-dai-yoshihara-evasive-motorsports-and-a-tesla-model-3/ The Turn 14 Distribution / Toyo Tires / ENEOS / Evasive Motorsports Tesla Model 3 Pikes Peak car will be exhibited at SEMA 2021 by Turn 14 Distribution in booth # 21503 in Central Hall. EDITOR’S NOTE High-resolution images of the DevSpeed / ENEOS BMW 318i F20C, Tjin Edition Honda Acty and SUPER73-ZX can be found here for editorial use: dropbox.com/sh/igyyszt4ur61zfi/AABvsPTiRVIIIUTS8F3trQGKa?dl=0 Images of the Turn 14 Distribution / Toyo Tires / ENEOS / Evasive Motorsports Tesla Model 3 Pikes Peak are available here for editorial use: dropbox.com/sh/dkqgsmrz03p6bjo/AACyd_-aCEz7l4P5-2AsUDjna?dl=0 FOLLOW ENEOS USA facebook.com/ENEOSUSA instagram.com/ENEOSUSA twitter.com/ENEOSUSA youtube.com/ENEOSUSA eneos.us MEDIA CONTACT Satomi Yamashita ( media@eneos.us ) Greg Emmerson ( greg@theidagency.com ) ABOUT ENEOS Established in 1888 and headquartered in Tokyo, ENEOS is Japan’s largest oil company, with manufacturing and sales facilities throughout the world. With a unique position in its home market, ENEOS has worked with Asia’s automakers and leading race teams for decades, creating advanced lubricants with their vehicle engineers to provide optimum fuel economy with maximum power and long-term protection. ENEOS also recently announced a new line of products for future electric vehicle applications, helping to ensure the newest EV technology is operating as efficiently as possible. For more information, please visit eneos.us Contact Details Satomi Yamashita media@eneos.us Company Website https://www.eneos.us

November 02, 2021 05:55 AM Pacific Daylight Time

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