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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

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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

Surge Battery Metals: This Mining Company Has Some Exciting Announcements

Surge Battery Metals

By Johnny Rice, Benzinga Greg Reimer, President & CEO of Surge Battery Materials Inc. (TSX-V: NILI) (OTC Pink: NILIF), was recently interviewed by Benzinga. Surge Battery Materials is an ESG-mandated mining company focused on battery metals that will advance the adoption of electric vehicles (EVs). The company says it is at the forefront of a new era of mining. The company has recently received exciting results from test sites in Nevada. These results may indicate a “significant commercial discovery.” Watch the full interview here: This article was originally published on Benzinga here. Surge Battery Metals Inc. is a Canadian based exploration company focused on locating and developing high value deposits of clean energy battery metals that are vital to the rapidly growing electric vehicle (EV) market. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Investor Relations info@surgebatterymetals.com Company Website https://surgebatterymetals.com

January 27, 2023 08:30 AM Eastern Standard Time

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Aqua Power Systems Takes Aggressive Action to Combat Suspected Illegal “Naked” Short Selling

Aqua Power Systems, Inc.

McapMediaWire -- Aqua Power Systems Inc. (OTC: APSI ) (“the Company” or “Aqua Power”) a leader in reliable logistics and transportation solutions, held a Special Meeting of the Board on Wednesday, January 25, 2023. At the meeting a plan of action was approved by the Board to address suspected illegal “naked” short selling of the Company’s common stock. Over the course of the last two weeks, Company management and representatives have had multiple meetings with Securities Regulators as well as the Attorney General’s office regarding what the Company believes has been targeted and illegal “naked” short selling of the Company’s common stock. The most recent meeting being a round table conference call with officials and Company management on Wednesday of this week. The Company has provided and continues to gather additional information it believes will assist regulators. The Company strongly believes that there has been a very large volume of illegal “naked” short selling in the Company’s common stock since announcing the completion of the Company’s recent acquisition at the end of December 2022. Robert Morris, Chief Executive Officer of Aqua Power, stated, “My first and foremost concern is for the well-being of our investors and to protect shareholders against any form of improper trading by market participants at any level. We believe that trading patterns and activity since the beginning of the year strongly suggest the work of aggressive and sustained shorting. The Company began taking decisive steps working directly with regulators. We have full intentions of taking any and all necessary steps to come to the bottom of everything and hold any wrong-doing parties accountable.” Mr. Morris continued, “I am aware of other companies hiring law firms and other specialized reporting agencies in an effort to identify and combat illegal short selling in their own company’s stock, however we believe the stronger and more effective approach is to bring any such activity immediately and directly to those with proper power and authority to protect investors. At this point, this isn’t about the Company per se, this is about protecting individual investors and the integrity of the markets. The best disinfectant is sunlight and exposure, and we are bringing everything into clear view. We truly value our shareholders.” Safe Harbor: 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 several 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 the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. 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 Stephen Carnes +1 407-674-9444

January 26, 2023 11:00 AM Eastern Standard Time

America Is Behind In The Electric Vehicle Race - Here’s A Company Hoping To Change That

Eli Electric Vehicles

By Faith Ashmore, Benzinga Interested in investing in Eli Electric’s campaign? Click here to get started. While the global electric vehicle (EV) market is flourishing, the U.S. is trailing behind. In 2021, EVs made up approximately 14% of all new vehicles sold in Europe, and in China, EVs made up 9% of all sales. In some European countries, like Norway, EV sales make up well over 50% of cars sold. Comparatively, EVs only accounted for 4% of cars sold in the U.S. in 2021. There are a lot of contributing factors to why U.S. consumers are slower to adopt EV technology. Historically, relaxed U.S. regulation has led to lower gas prices in the states compared to countries across the Atlantic; in Europe, EVs can be looked at as an economically and environmentally-friendly purchase, an opinion that is relatively less common in the U.S. The U.S. is more dependent on vehicles than other western countries because of the relative lack of accessible and ample public transportation, even in some of the country's largest metropolitan areas. Then, there is the cultural attachment and loyalty to bigger vehicles. In the U.S., where preference is sometimes not based on purpose, 75% of truck owners in the U.S. use their truck for towing one time a year or less and 35% of truck owners use the bed of their trucks once a year or never. However, despite the U.S. showing less interest in the EV market than its European and Asian counterparts, the market is still growing. Even more interesting are projections for the micro-electric vehicle market. A micro vehicle is the smallest size of car available with three or four wheels and a smaller engine. Many micro vehicles are electric. Nearly 70% of the global population is projected to live in cities by 2050. While pickup trucks can be great for rural areas, there is a need for smaller cars and cars designed specifically for cities. In the U.S., 50% of daily trips are under 3 miles and 75% of all car trips are under 10 miles. Cities are where micro vehicles are taking off. The micro electric vehicle market is projected to reach $22.11 billion in 2029 with a compound annual growth rate of 12.7% between 2022-2029. In 2021, the industry was worth $8.32 billion. There is a growing demand for cars that fit one or two people and are designed for trips under 10 miles. The U.S. government is also making a more concerted effort to encourage EV expansion. President Joe Biden’s administration’s goal is to have 50% of all vehicles be electric by 2050 and is taking action to increase the amount of charging stations to 500,000 by 2030. The EV market in the U.S. likely needs innovators in the industry to shift public opinion toward EV enthusiasm. A Unique EV Model Specifically Designed For Cities Los Angeles-based company Eli Electric Vehicles has created a unique EV model designed specifically for cities, Eli ZERO. Eli ZERO is a neighborhood electric vehicle (NEV) and can be driven on any street in the U.S. with a speed limit of 35mph and lower. In cities like New York City, the Eli ZERO can be driven on 90% of the streets. The Eli ZERO model is less than half the size and 3 to 10x more energy efficient than a conventional car, according to the company. Their car starts at $11,999 and has a battery with a range of 45 to 90 miles. It is designed with cities and consumer needs in mind. The Eli ZERO reimagines micro vehicles by focusing on creating a vehicle that drastically reduces emissions while decongesting cities and communities. Eli Electric says it is already having success in European markets with more than 20 dealers and 3 distributors. The company has been certified street legal in the U.S. and is excited to expand its vision to a growing market. Eli Electric has the capacity to grow and currently has a partnership with OEM manufacturers allowing it to potentially produce over 15,000 units per year. The company is currently hosting another round of crowdfund raising to help meet the surging market and to expand sales in the U.S. It has a history of successful grassroots campaigning – the company has nearly 3,000 investors on board and during its first fundraising push, it raised $11 million and used the funds to produce Eli ZERO and launch sales in Europe. With the investment it is looking for, Eli Electric could be positioned to be a leader in the European and North American markets it operates in. Click here to read more about Eli Electric’s raise and how to invest. This article was originally published on Benzinga here. Eli Electric Vehicles is reimagining personal vehicles by creating advanced, efficient and affordable micro-EVs for daily short trips. Headquartered in California and Beijing, Eli aims to be the leader in electric transportation for short-range and high frequency trips. It’s flagship micro-EV, Eli ZERO, is a next generation personal vehicle that empowers riders to reconnect with their neighborhood and cities and ultimately reduce the congestion, inefficiency and pollution caused by oversized highway cars. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Tim Zheng tim@eli.world Company Website https://www.eli.world/

January 26, 2023 08:30 AM Eastern Standard Time

The Hottest 2023 Travel Trends and Destinations to Add to Your Bucket List

YourUpdateTV

Travel is on the rebound in 2023! Eighty percent of Americans report high degrees of excitement about travel this year, with 79% already having trips planned in the next several months, as reported in a recent study. Recently, Cruise and Travel Expert, and Editor-in-Chief of Cruise Critic, Colleen McDaniel, partnered with Norwegian Cruise Line on a nationwide satellite media tour to discuss top travel trends and destinations for 2023. A video accompanying this announcement is available at: https://youtu.be/z3UQEcR_x50 With Companies like Norwegian Cruise Line reporting record demand going into 2023, it demonstrates travelers are ready to get away…and sail away. In fact, a recent AAA survey finds 52% of U.S. adults are just as likely or more likely to consider taking a cruise vacation than they were before 2020. That number is up from 45% one year ago. For those looking to maximize their vacation, cruising is a great option. It provides travelers with the opportunity to visit multiple destinations with only having to unpack once. You can discover Europe’s most charming port cities and wake up in a new country each day; and for those looking to reconnect with nature, a voyage through Alaska’s Inside Passage takes travelers up close to the natural beauty and wildlife of the destination. With cruising, it’s just as much about the journey as it is about the destination. From discovering new places, to enjoying new experiences, cruising provides the variety and immersive experiences travelers are looking for. In fact, Norwegian Cruise Line sails to nearly 400 destinations worldwide and is preparing to debut its next groundbreaking ship – Norwegian Viva – during the summer of 2023. As of January 24th, NCL is offering 50% off all cruises, plus free airfare for the second guest, free open bar, free specialty dining, free excursions, free WiFi, and more! Go to ncl.com to learn more about available itineraries and to start planning your long-awaited vacation at sea. About Colleen McDaniel Colleen McDaniel is Editor-in-Chief of Cruise Critic, the world’s largest online cruise resource. She considers cruising to be a true passion, having traveled the world by water – from Alaska, the Caribbean and Hawaii, to Europe’s rivers, Antarctica and Africa – on ships of all ships and sizes. She’s regularly quoted as a cruise expert in media outlets across the country, including outlets like The Associated Press, Good Morning America, CNN, FOX Business, CNBC, The New York Times, Travel + Leisure and Skift. Cruise Critic is the world’s largest cruise reviews and information site, offering a comprehensive resource for cruise travelers -- from first-time cruisers to avid cruise enthusiasts. The site features more than 50M+ opinions, reviews & photos and hosts the world's largest online cruise community. Cruise Critic is a subsidiary of TripAdvisor, Inc. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

January 25, 2023 04:11 PM Eastern Standard Time

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Aqua Power Systems Provides Corporate Update and Enumerates On Newly Acquired Subsidiaries

Aqua Power Systems, Inc.

McapMediaWire -- Aqua Power Systems Inc. (OTC: APSI ) (“the Company” or “Aqua Power”) would like to provide shareholders an update on recently announced changes within the Company’s corporate management structure. The Company recently announced, via Form 8-K, changes within the Company’s management structure including officers and directors. With the Company’s recent acquisition of Tradition Transportation Group, Inc. management believed it prudent to alter the Company’s management structure to delegate management functions and maximize future growth potential for the Company more effectively and efficiently. As announced in a recent Form 8-K, Robert Morris, who has been a director of the Aqua Power since April 2022, became Chief Executive Officer (CEO) of Aqua Power Systems Inc. on January 9, 2023. Mr. Morris was selected to become CEO based on his relevant experience, background, and professional and personal reputations. Mr. Morris is a highly successful entrepreneur and business professional. Mr. Morris is a graduate of Indiana University (Bloomington) and has served as a State Representative in the Indiana House of Representatives since 2010. Additionally, on January 18, 2023, the Company announced via Form 8-K that Joseph Davis had been recruited and agreed to become President and Treasurer of the Company in addition to being added as a third Director to Aqua Power Systems, Inc growing Board of Directors. Mr. Davis comes to Aqua Power with more than 20 years of experience in the transportation and logistics industry having been on the operations side for most of that time. Mr. Davis is presently Tradition Transport Group, Inc’s Chief Operating Officer. Stephen Carnes, who had been Aqua Power Systems, Inc.’s CEO/President and a Director of the Company since December 2022, shall remain on Aqua Power’s Board of Directors as well as continue to serve as Secretary of Aqua Power. Tradition Transport Group, Inc, a subsidiary of Aqua Power, has six subsidiaries within the trucking, logistics, warehousing, and brokering industries. In a previous press release dated January 4, 2023, Aqua Power Systems indicated that it was the Company’s intention to update shareholders in a progressive fashion, regarding each of Aqua Power’s newly acquired Tradition subsidiaries. Tradition Transport Group, Inc is a well-established enterprise providing multitudes of logistical solutions throughout North America pertaining to OTR logistics that include but are not limited to freight management, reverse logistics, freight brokerage, dispatching, equipment leasing and dedicated services warehousing with rail access. The Company is pleased to introduce Tradition Logistics and Freedom Fright Brokerage to our valued stakeholders. Highlights on both follows. Robert Morris, Chief Executive Officer of Aqua Power, reports that offices at Tradition’s Indianapolis, IN location are undergoing an overhaul, which includes new drywall, paint, finishing touches, and new signage for the exterior front of the site. This fresh look will signify, intentionally, the start of a bold new chapter for Tradition Transport. CEO Morris stated: "This new look is a statement to the public that we are continuing era of growth and expansion for Tradition.” Tradition Logistics provides time-sensitive warehousing, logistics and freight management to all 48 continental states and internationally throughout Mexico and Canada. In addition to its current service lines and operations, the company is presently focusing on enhancing and developing shipping and rail services through the Savannah Port in Georgia. Tradition Logistics has capabilities that include sophisticated transport and inventory management services, just-in-time product management, inventory control, multi-point product distribution, and site-specific warehousing and storage trailers. More precisely, Tradition Logistics operates six (6) warehouses with four (4) in Indiana, in the cities of Angola, Indianapolis, Greenfield, and Greenwood; and two (2) located in Georgia, centered in Statesboro and Savannah. The warehouses together provide more than 2 million sq. ft. of office, warehouse, and logistics capacity, specifically: Angola Office and warehouse 135,500 sq. ft. Franklin Office and warehouse 389,319 sq. ft. Greenfield Fulfillment Center 432,000 sq. ft. Greenwood Warehouse 584,820 sq. ft. Statesboro Warehouse 205,934 sq. ft. Savannah Port Facility 311,265 sq. ft. It is the intention of the Company to continue to expand warehousing capabilities and holdings. Tradition is currently in late-stage negotiations with a new customer to utilize our rail and warehousing services in Savannah, Georgia and the Company hopes to proudly announce details of securing this new major contract in the near future. Freedom Freight Brokerage is Tradition's OTR brokering solution. To distill complex operations in a nutshell, carrier sales representatives initially identify and qualify third party carriers, then customer account managers solicit and onboard customers, and finally the carriers and customers are then linked using either DAT or the truck stop load boards. Freedom Freight Brokerage is an asset-based brokerage, meaning that it is an affiliate of an asset-based carrier (Transport's trucking division). Approximately ten percent of the freight originates from, or is moved by, Transport's trucking division. Primary operations for Freedom Freight Brokerage are located at the Franklin Office, which will be relocated within the Indianapolis Metropolitan area. The Franklin Office houses approximately forty (40) brokers in total. CEO Morris concluded: "Tradition Transport Group, Inc has many layers of business and its important for me to communicate to our investors how we plan to maximize everything we now have and take it to the next level. To think in terms of Tradition only being a trucking company is short-sighted. The foundation they have already laid in the other sub-sectors of logistics, warehousing, and brokering all work hand-in-hand within the growing transportation industry to streamline services and increase revenues." Safe Harbor: 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 several 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 the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. 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 Stephen Carnes +1 407-674-9444

January 25, 2023 10:00 AM Eastern Standard Time

Travel Technology Association Files Comments with DoT Supporting Transparency & Consumer Protections

Travel Tech

The Travel Technology Association (Travel Tech), the voice of the travel technology industry and consistent advocate for public policy that supports a competitive and transparent marketplace, filed comments today in response to the Department of Transportation’s (DOT) Notice of Proposed Rulemaking (NPRM) on “ Enhancing Transparency of Airline Ancillary Service Fees ” (DOT-OST-2022-0109). “Travel Tech has long supported the U.S. Department of Transportation’s efforts to ensure consumers have access to critical ancillary fee information. We did so in 2014 and are doing so again in 2023,” stated Laura Chadwick, President & CEO of the Travel Technology Association. “For too long, consumers have lacked the consistent ability to know the true cost of different flight options.” In its comments, Travel Tech addresses how ancillary fee information should be provided to ticket agents. In its proposed rule, the DOT seeks to omit global distribution systems from receiving mandatory ancillary fee data from airlines. “Travel Tech strongly recommends that ancillary fee data be shared with all channels that distribute fare and schedule information,” Chadwick continued. “It is the most simple and direct way to solve the issue of ancillary fee transparency for consumers.” Travel Tech also filed a petition today requesting a hearing on DOT’s proposed requirement to display the critical ancillary fee information on the first page of online search results. Travel Tech addresses this matter in its comments. “Our members are the leading innovators in creating consumer-friendly online travel information sites. We are deeply concerned about the DOT’s first-page search results requirements included in the proposed regulation. These rules, if adopted as written, will clutter and confuse the online air travel shopping experience for consumers. This is especially true for travel comparison sites that display multiple airlines’ schedules and fares,” said Chadwick. “In our comments and hearing petition, we argue that the Department should not displace ticket agents’ well-established expertise with a government-regulated website design mandate. Ticket agents should have the flexibility to design appropriate displays of ancillary fees and develop innovative new methods for consumers as well,” Chadwick continued. ### About Travel Tech The Travel Technology Association (Travel Tech) is the voice of the travel technology industry, advocating for public policy that promotes transparency and competition in the marketplace to encourage innovation and preserve consumer choice. Travel Tech represents the leading innovators in travel technology, including global distribution systems, online travel agencies and metasearch companies, travel management companies, and short-term rental platforms. To schedule an interview with a Travel Tech spokesperson, contact Dan Rene of kglobal at 202-329-8357 or daniel.rene@kglobal.com. Contact Details Travel Technology Association Dan Rene +1 202-329-8357 daniel.rene@kglobal.com Company Website https://www.traveltech.org.

January 24, 2023 10:00 AM Eastern Standard Time

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