Transportation

Airlines Automotive Electric Vehicles Logistics Maritime
News Release Digital Asset Direct

Foresight: Rail Vision Signs an Agreement with Israel Railways to Purchase Ten AI-Driven Main Line Systems for $1.4M

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its affiliate, Rail Vision Ltd. (“Rail Vision”), signed an agreement with Israel Railways Ltd., Israel’s state-owned principal railway company, to purchase 10 Rail Vision Main Line Systems and related services for $1.4 million. Rail Vision’s Main Line System is a cutting-edge, artificial intelligence (AI) based, industry-leading technology for detection and identification of objects and obstacles near, between, or on the railway. Foresight owns 15.39% of Rail Vision’s outstanding share capital. “After more than a year of evaluating a variety of advanced driver assistance systems (ADAS), Israel Railways chose Rail Vision’s Main Line System as the solution for its fleet, marking the first major commercial deployment of AI-based vision technology for main line rail industry operations,” commented Rail Vision CEO Shahar Hania. “Our Main Line System outperformed in all aspects of testing during the proof-of-concept program with Israel Railways. We believe this is a strong validation of our solution and bodes extremely well for other pilot programs underway, such as our long-term pilot in Australia with Rio Tinto, a leading global mining group, as well as other opportunities around the globe.” “Using advanced, long-range AI detection systems, our game-changing technology provides unparalleled obstacle detection on and near tracks, making it an ideal solution for major rail operators like Israel Railways and a key driver behind strategic partnerships, such as our relationship with Knorr-Bremse, the global leader in braking systems for the rail industry that has invested $24 million into Rail Vision since our inception,” continued Hania. Israel Railways operates approximately 700 trains daily, traveling along 1,138 kilometers of track, connecting major metropolitan areas in Israel, as well as cities, towns, and rural villages throughout the country. “We currently have a few main line and switch yard pilot programs underway globally,” continued Hania. “The conversion of pilot programs into commercial contracts is expected to accelerate and drive sales growth momentum in the quarters ahead.” About Rail Vision’s AI-based Main Line System Rail Vision’s Main Line System is an AI-driven obstacle detection technology designed to revolutionize train safety. With its extended visual range of up to 1.2mi / 2km, Rail Vision's Main Line System combines sensitive imaging sensors with AI and deep learning technologies to detect and classify obstacles on and near the tracks, such as humans, animals, vehicles, signals, and infrastructure components, quickly and accurately. The system then generates real-time visual and acoustic alerts for the train's command-and-control center, helping to prevent collisions, reduce downtime and delays, increase safety, and improve traffic volume. Rail Vision’s advanced image processing capabilities also allow for image-based navigation, predictive maintenance, and GIS mapping. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses its belief that Rail Vision’s AI-based obstacle detection technology is ushering in a new era of train safety, its belief that the agreement with Israel Railways is a strong validation of its solution and bodes extremely well for other pilot programs underway, as well as other opportunities around the globe, and that it expects an acceleration of pilot programs into commercial contracts, which is expected to drive sales growth momentum in the quarters ahead. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F filed with the Securities and Exchange Commission ("SEC") on March 31, 2022, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

February 07, 2023 08:10 AM Eastern Standard Time

News Release

ESG Stocks Poised To Pop in 2023 (VKIN, ABB, EADSY, NIO)

CapitalGainsReport - Market & Financial News Commentary

Investing in smaller ESG (environmental, social, and governance) stocks can bring a number of benefits to investors. These companies often focus on sustainability and social responsibility, which can lead to strong relationships with stakeholders and a positive reputation. Additionally, smaller ESG stocks are often less established and may have more room for growth, providing investors with the potential for higher returns. ESG factors can also be extremely important in risk management and ensuring the company's long-term stability, which results in a more resilient investment portfolio. According to Dow Jones' survey of 200 financial leaders, ESG investments are projected to more than double in the next three years, accounting for 15% of all investments by 2025. ESG is here for the long run. By considering smaller ESG stocks, investors can align their values and financial goals while potentially reaping the benefits of a more responsible and sustainable investment strategy. Here are four ESG stocks to put on your watchlist for 2023. Viking Energy Group Inc. (OTC: VKIN) is an ESG, growth-oriented, diversified energy company. Viking provides customized energy and power solutions to commercial and industrial clients in North America and holds interests in oil and natural gas assets in the United States through a number of subsidiaries in which it holds a majority stake. Technologies that fall under the VKIN umbrella range from carbon capture to green biodiesel production. Viking Energy also has the licensing rights to the technology of ESG Clean Energy LLC for Canada and 25 other markets in the United States. Last year, VKIN secured a US Patent (No. 11,286,832) relating to the IP and other rights licensed by VKIN from ESG involving a Bottoming Cycle Power System related to its carbon capture technology. The patent covers the invention of an ‘exhaust-gas-to-exhaust-gas-heat exchanger.’ Furthermore, the company owns a majority stake in entities with intellectual property rights to a fully developed, ready-for-market proprietary Medical & Biohazard Waste Treatment System based on Ozone Technology, as well as an Open Conductor Detection System for power grid use. VKIN recently announced an update regarding its medical waste treatment technology. The United States Patent and Trademark Office has granted U.S. Utility Patent No. 11,565,289 to Viking Ozone Technology, LLC, the company's majority-owned subsidiary. The patent is titled "Multi-Chamber Medical Waste Ozone-Based Treatment Systems and Methods." VKIN states that a related international application is in the works, and in the near future, a few nations will be chosen for national phase coverage. The company believes that the approval of this US patent application will result in the issuance of additional related patents in other countries. This utility patent relates to Viking Ozone's proprietary methods and devices utilizing ozone-based treatments for biohazardous waste. Viking expects to use this technology in waste treatment and disposal systems, such as those used in hospitals, prisons, laboratories, military bases, and care facilities. According to the World Health Organization, managing medical waste requires greater diligence and care in order to avoid negative health effects. As the demand for medical waste grows, it is critical to prioritize waste treatment and disposal options that are both safe and environmentally responsible. VKIN is leading the market with their revolutionary patent and should be at the top of any savvy investor's watchlist for ESG stocks in 2023. ABB Ltd. (NYSE: ABB) is a technology leader in electrification and automation, focusing on a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize the way things are manufactured, moved, powered, and operated. ABB announced a fourth-quarter profit of $1.13 billion on Thursday of last week. The Zurich-based business reported 60 cents in earnings per share, beating Wall Street expectations. The average estimate of the four analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. The industrial automation company outperformed Wall Street expectations with revenue of $7.82 billion during the quarter, whereas the three analysts surveyed by Zacks expected a revenue of $7.58 billion. For the year, the company reported profits of $2.48 billion, or $1.30 per share. Revenue was reported at $29.45 billion. ABB shares have increased by 16% since the beginning of the year. ABB is well-positioned to benefit from growing demand for industrial automation and robotics, while margins are expected to expand as a result of the company’s restructuring. Airbus SE (OTC: EADSY) gains from the theme of "air taxis," which are highly automated aircraft designed to cover short distances of less than 250 kilometers, or around 150 miles. Deloitte Insights estimates that the market for so-called electric vertical takeoff and landing vehicles in the United States could top $17.7 billion by 2040 and reach $3.4 billion by 2025. CityAirbus NextGen is a brand-new flying cab that Airbus unveiled in 2021. By 2035, the company hopes to have the first commercial aircraft with zero emissions. On February 3, EADSY announced they had won a federal contract award for $198,256 from the Department of Homeland Security, U.S. Coast Guard, Elizabeth City, North Carolina, for aircraft parts and Auxiliary Equipment Manufacturing. This just represents one win for the company lately, putting them in the right place to have a solid 2023. Nio Inc. (NYSE: NIO) is a pioneer and a leading company in the premium smart electric vehicle market. NIO was founded in November 2014 with the mission to shape a joyful lifestyle around electric vehicles. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, develops, jointly manufactures, and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains, and batteries. NIO differentiates itself through its continuous technological breakthroughs and innovations, such as its industry-leading battery swapping technologies Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologies and Autonomous Driving as a Service, or ADaaS. NIO's product portfolio consists of the ES8, a six-seat smart electric flagship SUV, the ES7 (or the EL7), a mid-large five-seat smart electric SUV, the ES6, a five-seat all-round smart electric SUV, the EC7, a five-seat smart electric flagship coupe SUV, the EC6, a five-seat smart electric coupe SUV, the ET7, a smart electric flagship sedan, and the ET5, a mid-size smart electric sedan. Last week, the company offered an update on its January 2023 delivery results. NIO delivered 8,506 vehicles in January 2023. The deliveries consisted of 2,190 premium smart electric SUVs and 6,316 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 298.062 as of January 31, 2023. From January 13, 2023, to January 31, 2023, the peak travel season around the Chinese New Year Holiday, NIO provided over 1 million power swaps to its users, among which over 300,000 swaps were completed at the NIO power swap stations along the highways and over 11,000 swaps were flexible battery upgrades to enhance the long-distance travel experience. On January 18, 2023, NIO was recognized in Corporate Knights Global 100 and ranked first among car brands on the world's most sustainable companies list. NIO attaches great importance to low-carbon development, environmental protection, and joint ecosystem building and is committed to promoting full-lifecycle carbon footprint management, energy conservation, and emission reduction. With the vision of Blue Sky Coming, NIO will continue to improve its ESG performance and support global sustainable development. Disclaimers: This article contains sponsored content. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor with regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, and assumptions about future events or performance are not statements of historical fact and may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. CaptalGainsReport 'CGR' (owned by RazorPitch Inc.) is responsible for the production and distribution of this content. CGR is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. CGR authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. CGR has been compensated by Regal Consulting to produce and syndicate this content for VKIN. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website. CapitalGainsReport.com CapitalGainsReport is a financial website and newsletter for investors seeking nanocap and microcap opportunities. Please join our free newsletter at CapitalGainsReport.com Contact Details CapitalGainsReport Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website https://capitalgainsreport.com/

February 07, 2023 05:00 AM Eastern Standard Time

Trusted Sellers Lead Platform’s Early Success in the $500 Billion US Automotive Parts Industry

Auto Parts 4Less Group Inc

McapMediaWire -- Auto Parts 4Less Group, Inc. (OTCQB: FLES ) (“Company”, “FLES”), proudly announces that AutoParts4Less.com, their leading multi-seller marketplace of automotive parts in the US, has set a GMV (Gross Merchandise Value) sales record for the month of January 2023, surpassing the total of all GMV sales in the previous months combined since going live with beta testing in September of 2022. This achievement is a testament to the strength of the Company’s multi-seller marketplace and the trust customers have in the number and quality of its sellers. With a best-in-class marketplace platform, AutoParts4Less offers customers a diverse range of high-quality automotive parts from a quickly growing variety of trusted sellers. The platform’s commitment to providing a seamless shopping experience and supporting its sellers has been a key factor in its success and growth to date. “The early success of AutoParts4Less.com is a direct result of the strength of our seller base,” said Christopher Davenport Founder and President of Auto Parts 4Less, Inc., the Company’s wholly-owned subsidiary of the company. Davenport commented: “We're proud to have created a platform that buyers trust to provide them with a wide selection of quality automotive parts from leading sellers.” With the first mover advantage in the $500 billion US automotive parts industry, which includes parts for boats, motorcycles, powersports, and RVs, and their focus on supporting its sellers, their parts marketplace, AutoParts4Less.com, is well positioned for continued growth and success. “The Company is committed to providing the best possible shopping experience for our customers and to supporting our sellers in growing their businesses” continued Davenport. About Auto Parts 4LessGroup, Inc. Auto Parts 4LessGroup, Inc. (the “Company”) entered the online auto parts business in 2015 selling lift kits and other aftermarket accessories for Jeeps, Trucks, and SUV’s on eBay and Amazon. At the beginning of 2020 the company began the development of AutoParts4less.com as a pure-play multi-seller enterprise-level marketplace entirely dedicated to aggregating the $500 billion annual aftermarket automotive parts industry including cars, trucks, boats, motorcycles, and RVs on a single platform. Autoparts4less.com was officially launched with approximately 2 million parts listed from over 25 parts sellers in November 2022. To learn more about Auto Parts 4Less Group, Inc., please visit AutoParts4LessGroup.com Safe Harbor & Disclaimer This information also contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could”, “believe”, “anticipate”, “intend”, “estimate”, “expect”, “may”, “continue”, “predict”, “potential”, “possible,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this presentation. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Industry data provided herein is of no predictive value regarding the Company’s future sales. No information in this press release should be construed as any indication whatsoever of the Company’s future financial results, revenues, or stock price. For more information, contact: Email: PR@The4LessCorp.com Contact Details Auto Parts 4LessGroup, Inc. Tim Armes PR@The4LessCorp.com

February 06, 2023 10:54 AM Eastern Standard Time

Freightify secures $12M funding round to power digital transformation for freight forwarders globally

Freightify

Global freight forwarding is a $300B industry that facilitates the movement of cargo from one place to another through a series of manual and legacy processes. Freightify’s freight rate management platform is solving the complex challenges facing freight forwarders and helping them to do more business faster at lower costs. Today, Freightify is announcing a $12M debt & equity Series A funding round to help power digital transformation of Freight forwarders through Freightify’s suite of products. Freightify empowers freight forwarders by providing rate automation solutions to digitize their rate procurement, rate management and quotation processes with ease. The platform allows any forwarder to create a digital storefront to serve their customers better.In addition to this, it includes track and trace solutions that help freight forwarders in getting the live location of vessels and automated milestones within seconds. Freightify’s platform allows freight forwarders to procure, manage and quote freight prices (including all possible ancillary charges) in less than 2 minutes. Freightify’s new funding round will help launch new functionalities and deliver on a strong and expanded product roadmap, expand the sales presence globally, build channel partnerships, strengthen their marketing to drive growth and increase their brand awareness globally as they expand into new geographies and segments. The round was led by Sequoia Capital India with participation from TMV and Alteria Capital. The round also includes returning investors Nordic Eye Venture Capital and Motion Ventures. Founded in 2016 and based in Singapore, Freightify initially started as a marketplace for freight forwarders to conveniently search, book and track freight. This experience in automating sea-freight paved the way to a SaaS pivot. Today, Freightify’s platform, with rate management and quoting capabilities, is able to empower freight forwarders to procure, manage and quote freight prices (including all possible ancillary charges) in less than 2 minutes. Over 200 freight forwarding companies providing global logistics services (across 45 countries) use Freightify to digitize their business. These customers have reported reducing processing time by more than 70% and a substantial cost saving in doing business. Some customers deploy a Freightify white-label platform and have reported an increase in win ratio by more than 20% and a very noticeable increase in retained business. This success has seen revenues at Freightigy triple in the last year as they have attracted large numbers of the top 100 freight forwarders around the world. The founder and CEO, Raghavendran Viswanathan has deep experience working in logistics, supply chain and freight management with companies including DHL and Panalpina. The company’s management and senior staff come from backgrounds including SaaS startups like Freshworks and GoFrugal, logistics tech startups like Fourkites and Trimble, shipping lines like Maersk and MSC, Large forwarders and logistics companies like CON-LINQ ApS, Dachser Denmark and Wiz as well as Big 4 consulting firms like BCG. Raghavendran Viswanathan, CEO of Freightify, commented “For too long, freight forwarders have been restricted to spreadsheets and legacy processes to do business. We set up Freightify to remove the heavy lifting of manually providing quotations, accepting email/telephonic bookings, managing documentation, coordinating and tracking shipments. Freightify solves these challenges by giving them and their customers a live pricing platform like the ones used by travelers to compare airfares, showing real-time rates on a single screen. Freight forwarders are like the travel agents for global trade, however, air travel is not as complicated as global trade. Supply chains require experts to manage cargo throughout the entire lifecycle and freight forwarders play a vital role in greasing the wheels.” He also added, “Freight forwarders using Freightify save more than 70% of the time spent on manual tasks and legacy processes, while halving the operational costs to do business”. The freight forwarding industry is a cornerstone of the global trade economy and despite the massive size, much of the industry remains constrained by manual processes and runs on paper, excel sheets and phone calls. Freightify, a vertical SaaS platform, is solving this problem by helping freight forwarders automate rate management and make every day operational workflows fast and efficient so that they can focus on serving their customers and growing their business. We are glad to be a part of this journey with Raghav and the team at Freightify. ” said Mayank Porwal, VP, Sequoia India Existing investor at Freightify, Nordic Eye’s Investment Partner and Manager, Ib Drachmann added: “We have been impressed by the common vision of the company to democratize technology for the freight forwarding ecosystem. We are happy to see the scale at which Freightify has been growing, adding new logos globally and strengthening their product capabilities. Hence, we are doubling down on backing Freightify.” Raghavendran Viswanathan added: “Various marketplaces around the world are attempting to become the Amazon of services for freight forwarders, which will help. We believe in empowering the freight forwarders and are taking the Shopify route by selling a SaaS product to enable them to manage and create their own communities” Looking ahead, Raghavendran Viswanathan added: “We have been expanding rapidly across Europe, Australia and key regions in Asia pacific, and are currently expanding in North America. We have a highly skilled product and engineering team that can deliver on a strong product roadmap. Sales people on the field with deep experience in the freight industry. We are building out a strong marketing function that can drive growth.” About Freightify Freightify was established in 2016 with the vision to enable digital transformation of freight forwarders of any size. We empower freight forwarders by providing white labeled rate automation solutions to digitize their rate procurement, rate management and quotation processes with ease. In addition to this, we also provide track and trace solutions that help freight forwarders in getting the live location of vessels and automated milestones within seconds.‍ At Freightify, we have a strong and supportive team of 200+ logistics professionals from Europe, the USA, and India who come to work every day to solve complex problems of the trillion-dollar logistics Industry using technology. At Freightify, we empower freight forwarders to go digital by providing plug-and-play technologies and services for the entire logistics value chain. About Sequoia Capital India Sequoia helps daring founders build legendary companies, from idea to IPO to beyond. Sequoia Capital India and Sequoia Capital Southeast Asia actively partner with founders from a wide range of companies, across categories, including BYJUs, CRED, Druva, Five Star Finance, Freshworks, GoTo, Groww, Kopi Kenangan, Mamaearth, Pine Labs, Polygon, Razorpay, Truecaller, Zomato and more. We spur founders to push the boundaries of what's possible. In partnering with Sequoia, startups benefit from over 50 years of tribal knowledge and lessons learned working with companies like Airbnb, Alibaba, Apple, Dropbox, Google, LinkedIn and Stripe early on. From the beginning universities, endowments, and other non-profits have been the backbone of our investor base which means founders' accomplishments make a meaningful difference. For more information on Sequoia's work in India visit sequoiacap.com/India Contact Details Freightify Murali Sankar +1 872-259-3504 media@freightify.com Company Website https://www.freightify.com/

February 02, 2023 07:00 AM Eastern Standard Time

Image

Foresight to Participate at A.G.P.’s Virtual Emerging Growth Technology Conference

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, today announced that the Company will participate virtually at A.G.P.’s Virtual Emerging Growth Technology Conference on February 16, 2023. The virtual conference will include one-on-one meetings with Eli Yoresh, Foresight’s Chief Financial Officer and Doron Cohadier, Foresight’s Vice President of Business Development. To schedule a meeting, contact your A.G.P. representative or Miri Segal at msegal@ms-ir.com. For more information, please visit Foresight’s Investor Relations page here. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

February 01, 2023 08:40 AM Eastern Standard Time

Titan NRG, Inc. (TTNN) Announces Acquisition of NRG Equipment

TITAN NRG

McapMediaWire -- Publicly traded Titan NRG, Inc. (OTC: TTNN ) ("Titan NRG") operating as a downstream energy and transportation holding company through its wholly-owned subsidiaries, today announced that it has entered into an agreement to purchase NRG Equipment LLC. NRG Equipment is an equipment leasing company based in Montana that primarily leases propane-related equipment. The transaction is further evidence of the company's commitment to growing its core transportation business. The acquisition becomes effective after the close of business on January 31st, 2023. The purchase price is in excess of $5,000,000 and included the assumption of certain debt as well as owner financing. “We’re looking forward to have NRG Equipment under the Titan umbrella,” said Alex Majalca Jr., Titan NRG’s President, and CEO. “It was a tricky transaction with the board and management not wanting to do a large share transfer at these price levels and working with the previous owner’s goals, but we ultimately found a win-win solution. Our initial monthly savings aren't quite what we originally expected because of the structure and assumption of debt, but in the long run, we feel it will be a great positive step forward.” Alex Majalca Jr. went on to say, “I believe we’ll see additional opportunities for acquisitions as a large number of the smaller carriers are struggling to survive the current economic challenges. Our goals moving forward will be to get fully reporting and gain new investors' attention. We’re looking forward to 2023 and growing the company by the best means possible.” Contact: Alex R. Majalca Jr. President/Chief Executive Officer Titan NRG, Inc. alex@titannrg.com About Titan NRG Inc.: Titan NRG is a holding company that operates as a downstream energy and transportation company through its wholly-owned subsidiaries. NRG Dynamics currently has 25+ transports operating in 9 states. APE Fuels offers retail and commercial propane serving southern AZ with 1500+ leased tanks and 2500+ customers. Vespene with wholesale purchasing and sales of LPG products. NRG Rail has a long-term lease on a new 18 car rail facility in Tucson, Arizona with an approved and permitted 1.2mm gallons of propane/butane storage. We're focused on vertical integration while expanding our operations to cover everything from the refinery to retail. This business model is a win for our customers, company, and shareholders. Additionally, this model can be replicated in other regions. www.titannrg.com www.twitter.com/TitanNRG ir@titannrg.com NOTES ABOUT FORWARD-LOOKING STATEMENTS Safe Harbor Statement: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with OTC Markets. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contact Details Titan NRG, Inc. Alex R. Majalca Jr alex@titannrg.com Company Website http://www.titannrg.com/

January 31, 2023 08:30 AM Eastern Standard Time

Cooper Standard Announces Date for Release of Fourth Quarter and Full Year 2022 Results, Provides Details for Management Conference Call

Cooper Standard

Cooper-Standard Holdings Inc. (NYSE: CPS) expects to release its financial results for the fourth quarter and full year 2022 on Thursday, February 16 after market close. The Company’s earnings results will be posted to the Cooper Standard website ( http://www.ir.cooperstandard.com ) once released. Cooper Standard will host a conference call on Friday, February 17 at 9 a.m. ET. The Company’s Chairman and Chief Executive Officer Jeffrey Edwards and Chief Financial Officer Jonathan Banas will discuss the financial results, provide a general business update and respond to investor questions. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at https://edge.media-server.com/mmc/p/jqkaw9ec. Those who wish to participate by phone in the live conference, including representatives of the investment community who would like to ask questions during Q&A, will need to pre-register for the call by visiting https://register.vevent.com/register/BI5e9540006e474e22ab2fd8f8bc2ae7d2. Once registration is completed, participants will be provided with a dial-in number and a personalized conference code to access the call. Participants should dial in at least five minutes prior to the start of the call. A replay of the webcast will be available on the investors’ portion of the Cooper Standard website ( http://www.ir.cooperstandard.com ) shortly after the live event. 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 23,000 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. ### CPS_F Contact Details Contact for Media Chris Andrews +1 248-596-6217 CAndrews@cooperstandard.com Contact for Analysts Roger Hendriksen +1 248-596-6465 roger.hendriksen@cooperstandard.com Company Website https://www.cooperstandard.com/

January 31, 2023 08:30 AM Eastern Standard Time

Volatus Aerospace Completes Acquisition of Empire Drone in New York

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is pleased to announce that it has finalized the arms-length acquisition of New York based Empire Drone Company LLC. The acquisition, first announced November 28 th, 2022, provides Volatus with expanded distribution for drone technologies in the American Market and a corresponding increase in gross margin performance for all US sales. “The addition of this company adds approximately $2.3M in trailing proforma revenue with an estimated 7% proforma EBITDA,” said Abhinav Singhvi, Chief Financial Officer for Volatus Aerospace. “The ability to support our US sales with domestic inventory and support is also expected to improve general gross margin, inventory turnover, and make our logistics management more efficient.” Under the terms of the agreement, Volatus will purchase 100% of the company for a cash consideration USD$300,000 on Closing; (ii) issuance of 721,538 common shares at a deemed price of CDN$0.65 per common share on closing; and (iii) subject to certain revenue milestones 12 months after closing, issue up to an additional 721,538 common shares at a deemed floor price of CDN$0.65 per common share or 30 days VWAP on first anniversary from closing, whichever is higher. Volatus Aerospace distributes products and services in Canada under the Volatus Aerospace, OmniView Tech, MVT Geo-solutions, Canadian Air National, and Synergy Aviation brands; in the USA under the Volatus Aerospace USA, ConnexiCore, and Empire Drone Brands; in South America under the Volatus Aerospace LATAM brands; and in European Markets under the Volatus Aerospace UK, and iRed Remote Sensing brands. *Non-IFRS measure. Earnings before interest, taxes, depreciation and amortization ("EBITDA") should not be construed as alternatives to comprehensive loss or income determined in accordance with IFRS. EBITDA does not have any standardized meaning under IFRS and, therefore, may not be comparable to similar measures presented by other issuers. The Company defines EBITDA as IFRS net loss excluding interest expense, depreciation and amortization expense. The Company believes that EBITDA is a meaningful financial metric as it measures cash generated from operations which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (i) the business plans and expectations of the Company; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; and meeting the continued listing requirements of the TSXV. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 514-447-7986 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

January 31, 2023 07:43 AM Eastern Standard Time

Image

Cooper Standard Announces Successful Completion of Previously Announced Refinancing Transactions

Cooper Standard

Cooper-Standard Holdings Inc. (NYSE: CPS) (“CPS”) today announced the completion by CPS’s wholly owned subsidiary, Cooper-Standard Automotive Inc. (the “Issuer”), of its previously announced refinancing transactions (the “Refinancing Transactions”), including: the issuance (the “Concurrent Notes Offering”) of $580.0 million aggregate principal amount of the Issuer’s new 13.50% Cash Pay / PIK Toggle Senior Secured First Lien Notes due 2027 (the “New First Lien Notes”) (including approximately $61.7 million of New First Lien Notes issued pursuant to the commitments by the backstop commitment parties); the exchange (the “Exchange Offer”) of approximately $357.4 million of the Issuer’s existing 5.625% Senior Notes due 2026 (the “2026 Senior Notes”), representing 89.36% of the aggregate outstanding principal amount of the 2026 Senior Notes, for the same principal amount of the Issuer’s new 5.625% Cash Pay / 10.625% PIK Toggle Senior Secured Third Lien Notes due 2027 (the “New Third Lien Notes,” and together with the New First Lien Notes, the “New Notes”); the effectiveness of a supplemental indenture to the indenture governing the 2026 Senior Notes, which removes substantially all of the covenants, certain events of default and certain other provisions contained in the 2026 Senior Notes and the indenture governing the 2026 Senior Notes and releases and discharges the guarantee of the 2026 Senior Notes by CPS; the effectiveness of the previously announced amendment of the Issuer’s Third Amended and Restated Loan Agreement; the repayment of all of approximately $319.6 million outstanding under the Issuer’s existing senior term loan facility; and the redemption of all $250.0 million of the Issuer’s existing 13.000% Senior Secured Notes due 2024. Goldman Sachs & Co. LLC acted as dealer manager in connection with the Exchange Offer and as financial advisor to CPS and the Issuer in connection with the Refinancing Transactions. Simpson Thacher & Bartlett LLP acted as legal counsel to CPS and the Issuer in connection with the Refinancing Transactions. Houlihan Lokey Capital, Inc. acted as financial advisor and Willkie Farr & Gallagher LLP acted as legal advisor to the backstop commitment parties. This communication is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security and does not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Concurrent Notes Offering and the Exchange Offer were made, and the New Notes were offered and issued, pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), only (a) in the United States to holders of 2026 Senior Notes who are “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) and (b) outside the United States to holders of 2026 Senior Notes who are persons other than U.S. persons. 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: Impacts, including commodity cost increases and disruptions, related to the war in Ukraine and the ongoing COVID-19 pandemic; our ability to offset the adverse impact of higher commodity and other costs through negotiations with our customers; 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 refinance our indebtedness and 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 periodic reports filed by CPS 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. 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 Company Website https://www.cooperstandard.com/

January 30, 2023 08:30 AM Eastern Standard Time

1 ... 30 31 32 33 34 ... 101