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Department of the Army Debuts First Campaign Highlighting Army Civilian Careers

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/FMkGY43U8FQ For the first time, the Department of the Army debuted a campaign focused on Army Civilian Careers. “Find Your Next Level” demonstrates how private citizens can bring their existing skills and abilities to an Army Civilian Career and have an impact that can only be found in the Department of the Army. Individuals looking for a new challenge in their career can choose from more than 500 career paths. Army Civilians work across industries with roles in finance, cybersecurity, engineering, and beyond. With more than 265,000 employees, the Army Civilian workforce is one of the largest groups of Civilian employees within the Department of Defense. The Civilian role in the Army dates back to the founding of our country in 1776, and Army Civilians continue to play a critical role in the Army’s success today. Because there is low public awareness that the Department of the Army employs Civilians, the campaign aims to bridge this gap by demonstrating how professionals can bring their existing skills and abilities to an Army Civilian Career. On May 22nd, a media tour was conducted with Army Civilian, Dr. John E. Deaton. He shared his unique perspective on the campaign as a former Army Ranger who ultimately returned to the Army as a Civilian later in his career – this time in veterinary sciences. His experience as an Army Ranger brought him the critical skills of discipline and leadership that would serve as the foundation for a fulfilling career in veterinary medicine after his service in uniform. Today he serves as the Deputy Director of Veterinary Sciences at Joint Base San Antonio where he leverages insights from his veterinary expertise to train the next generation of Soldiers. Topics that Dr. Deaton discussed included: · Why the Army is launching a campaign focused on Civilians. · His journey to the Army and why he chose to return as a Civilian. · What opportunities his Civilian career in the Army has provided. · Types of Army Civilian Career paths are available. For more information, visit ArmyCivilianCareers.com. Army Civilian Careers will have a presence at upcoming events throughout the U.S. where potential candidates can interview for open positions, and potentially receive a tentative job offer on the spot: · June 26-28: The League of United Latin American Citizens (LULAC) in Las Vegas, NV · September 18-20: Richard Tapia Celebration of Diversity in Computing (CMDIT) in San Diego, CA · October 4: American Indian Society of Engineers & Scientists (AISES) National Conference in San Antonio, TX · October 12: Society of Asian Scientists & Engineers (SASE) in Boston, MA · November 1-2: Society of Hispanic Professional Engineers (SHPE) in Anaheim, CA · November 9: Great Minds in STEM (GMiS) in Fort Worth, TX Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

May 30, 2024 11:04 AM Eastern Daylight Time

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HTX Ventures Announces Strategic Investment in Figment Capital to Enhance Global Innovation Support

HTX Ventures

Singapore / May 30, 2024 – HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has officially announced a strategic investment in Figment Capital, an early-stage venture fund focused on blockchain infrastructure. This investment underscores HTX Ventures' commitment to fostering innovation and supporting scalable Web3 technology development globally. Launched in 2021, Figment Capital is dedicated to investing in high-conviction, early-stage blockchain infrastructure projects. By leveraging its strong technical understanding and deep connection with Figment Inc., a leader in enterprise-grade staking infrastructure, Figment Capital offers unparalleled technical insights and support to its portfolio companies. Edward, Managing Partner at HTX Ventures, stated, "We are delighted to welcome Figment Capital as a strategic partner. This investment aligns with our mission to support promising companies and drive the next generation of technological innovations. By leveraging Figment’s technical expertise and robust network, we can identify and support superior projects while also helping them expand into the Asian market. HTX Ventures continues to solidify its position as a global investment leader." James Parillo, Managing Partner at Figment Capital, also shared, “The HTX Ventures team has been incredibly helpful in our growth as an emerging investment fund. Their knowledge of the Asian market and experience operating a globally recognized exchange has been invaluable as we continue to grow. We’re thankful for the trust and support the HTX Ventures team has placed in us and continue to look forward to collaborating for years to come.” Figment Capital's portfolio boasts notable projects such as EigenLayer, Celestia, Initia, Wormhole, Movement, zkSync, and more. The trust and reputation that Figment Capital has earned among Web3 founders are further strengthened by its close collaboration with portfolio companies, providing strategic guidance and technical support. HTX Ventures is excited about the potential of this partnership. By combining Figment Capital’s technical prowess and industry connections with HTX Ventures’ extensive market reach, particularly in Asia, we are well-positioned to support the next wave of innovative blockchain projects. This strategic investment marks a significant milestone in our mission to enhance global innovation support in the blockchain space. About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures currently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Figment Capital, Dragonfly, Bankless Ventures, Animoca, Shima, and IVC. Visit us here. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures About Figment Capital Figment Capital is an early stage venture fund, focused primarily on investing in blockchain infrastructure. Launched in 2021, Figment Capital invests in high-conviction, early-stage blockchain infrastructure projects, leveraging strong technical insights and support. Notable portfolio companies include EigenLayer, Celestia, Initia, Wormhole, Movement, and Starkware. About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures

May 30, 2024 10:56 AM Eastern Daylight Time

Bridge the Gap: The Transformative Impact of Cross-Company Integration (CCI)

500NewsWire

Antwerp, Belgium, May 30, 2024 - ( 500NewsWire ) -- In today's network economy, collaboration across organizational boundaries is key to driving innovation and resilience. Businesses are increasingly leveraging Cross-Company integration (CCI) to forge powerful partnerships, enhance efficiency, and boost competitiveness in dynamic markets. Cross-company integration involves connecting diverse systems across companies and finding common ground for information exchange tailored to the needs of multiple stakeholders. At its core, CCI embodies the vision of a worldwide network of interconnected companies pooling their strengths for positive change. So, how can CCI build on the power of the network effect? Harnessing the Power of the Network Effect The network effect is central to CCI's impact. Similar to how the value of a product increases with more users in the network economy, CCI's value grows as more companies join. Initially, companies establish connections with customers, partners, or suppliers through point-to-point integration. As they reap benefits, they expand the network, adding more users and applications. The larger the network, the greater the value. The integration provider's strength and scalability are crucial, but companies must also have a comprehensive strategy to realize tangible benefits like real-time data access, faster decision-making, streamlined processes, improved ROI, and accelerated growth. Benefits of Outsourcing Integration Outsourcing integration to third-party providers enhances enterprise-wide efforts. From multinational corporations to agile startups, CCI offers significant advantages across various industries. Some examples: Automotive: A leading player in connected digital services uses CCI to streamline collaboration with automotive brands, ensuring real-time data sharing and improving operational efficiency. Insurance: A major insurance company leverages CCI for real-time synchronization with suppliers, improving processing times and service quality. Media: A prominent media company employs CCI to consolidate workflows and teams, integrating content management and distribution systems for streamlined operations. Finance: A global financial institution uses CCI to integrate banking systems with third-party financial service providers, enabling real-time transaction processing and improved compliance monitoring. Managed Service Providers (MSPs): MSPs utilize CCI to integrate their clients' IT systems with various third-party applications. This enables efficient monitoring and management of IT services, enhances security through unified systems, and improves service delivery. Logistics: A large logistics company uses CCI to streamline processes between their call center and support teams. By integrating their customer service platform with their internal support system, they achieve real-time information sharing, faster issue resolution, and improved customer satisfaction. Navigating Complexity with Precision Cross-company integration involves unique complexities, particularly in terms of data security and compliance. Francis Martens, CEO of Exalate, an integration solution, emphasizes: "Integration can bridge disconnected environments, but choosing the right integration solution is critical to avoid scenarios that create more problems than they solve." Organizations considering CCI adoption should prioritize environments with high volumes of repetitive tasks within process-oriented frameworks. These environments offer fertile ground for integrating disparate entities and driving shared objectives forward. A well-implemented CCI project harmonizes collaboration between external and internal teams, aligning efforts for optimal results. Shaping the Future of Work The future of work belongs to those who seize opportunities and embrace change. CCI offers a powerful mechanism for unlocking collaboration and driving innovation across organizational boundaries. CCI is a strategic shift for forward-thinking companies, enabling them to tap into collective expertise and resources and tackle complex challenges with newfound agility and resilience. It also focuses on human-centric values to guide the ethical and equitable deployment of technology and ensure collaboration serves the greater good. For media inquiries or further information, please contact: Contact Details Dafina Hristova, Branding & PR, Exalate pr@exalate.com Company Website http://www.exalate.com/

May 30, 2024 10:30 AM Eastern Daylight Time

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VettaFi Head of Energy Research Stacey Morris Discusses Strong Performance for Midstream Sector

HANetf Holdings Limited

VettaFi Head of Energy Research Stacey Morris joined Steve Darling from Proactive to discuss the robust performance of the midstream energy sector. The midstream energy dividend UCITS ETF has exhibited strong growth, rising 11% year-to-date. This performance outpaces major European energy companies and the Euro Stoxx 600 oil and gas index. The sector's growth is primarily driven by companies generating substantial free cash flow and increasing their dividends. Impressively, 90% of the index's companies have raised their dividends in the past year. Morris highlighted that first-quarter earnings in the sector exceeded analyst expectations, prompting some companies to raise their annual guidance. The sector also saw a significant $1.5 billion in equity buybacks, underscoring the financial health and shareholder-friendly policies of midstream companies. One of the key drivers benefiting the midstream sector is the role of artificial intelligence (AI) in data centers, which is boosting demand for natural gas. This trend supports the midstream sector without exposing it to the volatility of commodity prices. Morris emphasized that investors should consider midstream investments due to their stable returns derived from fees for moving and processing natural gas, attractive yields, and defensive energy exposure. Despite the strong performance, valuations in the midstream sector remain attractive relative to historical averages. This presents potential opportunities for re-rating as companies continue to execute their strategies effectively. The outlook for the remainder of the year is positive, with expectations of continued dividend growth and equity buybacks. Importantly, these positive trends are expected to persist regardless of the upcoming elections, providing investors with a degree of certainty and stability. Morris noted that the midstream sector's ability to generate consistent free cash flow and its commitment to returning capital to shareholders through dividends and buybacks make it an appealing investment. The sector's resilience and growth potential are underpinned by strong operational execution and favorable market dynamics. Looking ahead, VettaFi expects the midstream energy sector to continue delivering robust performance. The combination of attractive valuations, stable income streams, and growth opportunities driven by increasing natural gas demand positions the sector for sustained success. Investors are encouraged to explore midstream energy investments to capitalize on these favorable trends. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 30, 2024 10:27 AM Eastern Daylight Time

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News Release

Royal Road Minerals Advances Exploration at Jabal Sahabiyah Project in Saudi Arabia

Royal Road Minerals Ltd

Royal Road Minerals CEO Tim Coughlin joined Steve Darling from Proactive to provide an update on the company’s exploration activities at the Jabal Sahabiyah project in the Kingdom of Saudi Arabia. The underlying rights to Jabal Sahabiyah are held by Royal Road Arabia, a joint venture between Royal Road Minerals and MIDU Company Limited, each holding a 50% stake. The Jabal Sahabiyah Exploration tender covers three contiguous Exploration Licenses, encompassing approximately 284 square kilometers. Coughlin shared that the initial detailed fieldwork at Jabal Sahabiyah has concentrated on two exposed polymetallic gossans, Jabal Muwayqirah and Hanash North. These gossans were first identified in the 1970s and were initially assessed for their potential to host zinc mineralization. Historical work by Riofinex included geological mapping, soil sampling, and limited shallow open-hole percussion drilling. Geochemical analyses from this work indicated the presence of zinc, copper, lead, and silver. At the Hanash North target, ongoing rock-chip and soil sampling have revealed that the fold geometry suggests repeated mineralization, which is exposed again at the southwestern gossan area and concealed under shallow cover towards the east. This finding is significant as it indicates the potential for extensive mineralization beyond what is currently exposed. To advance the project, Royal Road Minerals plans to conduct more structural mapping at Jabal Sahabiyah. This will be supported by the use of advanced technologies, including a drone-borne hyperspectral scanner, magnetometer, and radiometer. Additionally, the company will carry out grid-based auger soil sampling across both gossan areas. These efforts aim to identify targets for drill-testing before the end of 2024. Coughlin emphasized the importance of these exploration activities in understanding the full potential of the Jabal Sahabiyah project. The company is focused on systematically evaluating the mineralization to delineate viable drilling targets and ultimately expand the resource base. The use of modern exploration techniques and technologies will enhance the precision and efficiency of these efforts. In conclusion, Royal Road Minerals' ongoing exploration at the Jabal Sahabiyah project represents a significant step towards unlocking the potential of this promising mineral asset. With a comprehensive fieldwork plan and the integration of advanced exploration tools, the company is well-positioned to make substantial progress in the coming year. The successful identification of drill targets and subsequent drilling will be crucial in advancing the project and creating value for shareholders Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

May 30, 2024 10:20 AM Eastern Daylight Time

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Avenue Z and SourceMedium Join Forces to Revolutionize DTC Brand Performance

Avenue Z

Avenue Z, a leader in performance marketing and social commerce for direct-to-consumer (DTC) brands, has partnered with SourceMedium to introduce their new Convergence Dashboard and Data Analytics Solution. This innovative collaboration merges SourceMedium's advanced data infrastructure with Avenue Z's expertise in data visualization and strategy, redefining holistic, data-driven decision-making. Avenue Z’s new dashboard platform allows you to see performance from all marketing channels, down to specific ads by the hour, with customizable views for faster insights into trend analysis, creative performance, customer lifetime value (LTV), profitability, and contribution margin, website performance, merchandising, and more. As consumer behavior shifts and the market evolves, DTC brands confront challenges in optimizing marketing strategies. Avenue Z excels in driving profitable growth for DTC brands through performance media, digital marketing, PR, and strategic communications. With this collaboration, Avenue Z will leverage SourceMedium's proprietary data & technological infrastructure to optimize a brand's performance across the entire ecosystem, from The Wall Street Journal to Shopify and TikTok. “The DTC reporting landscape has often been fragmented, with brands grappling to piece together a coherent narrative from myriad data points. Our collaboration with Avenue Z aims to change this narrative. By merging our advanced data infrastructure with their adeptness in data visualization and interpretation, we’re setting a new gold standard in DTC analytics. It’s about connecting the dots in ways that were previously unimaginable,” said Fei Wang, Founder of SourceMedium. SourceMedium, a DTC data management, and AI infrastructure leader, equips brands with tools for digital success. Their robust infrastructure integrates seamlessly, ensuring efficiency and scalability in media buying. In building the Convergence Dashboard, a proprietary analytics dashboard with unmatched flexibility, Avenue Z is enhancing its capabilities to deliver even better client results. DTC brands that are clients of Avenue Z will now gain exclusive access to this proprietary tool and expert network. “We are excited to partner with SourceMedium to develop proprietary omni-channel analytics dashboards that leverage source-of-truth cohort data,” said Jonathan Snow, Author of the DTC and digital trends newsletter In The Snow, President and Founder of The Snow Agency, and Chief Innovation Officer at Avenue Z. The collaboration between Avenue Z and SourceMedium aims to create a third-party partnership focused on delivering unparalleled data-driven insights and strategies to its clients. “This collaboration aligns perfectly with our mission of driving profitable growth for DTC brands through the utilization of the most advanced tools and tactics available. In an ever-evolving market that emphasizes the efficiency of media dollars, we will now be able to provide our clients with an integrated, modeled data set that paints a clear picture of their entire digital ecosystem,” said Snow. Avenue Z and SourceMedium are working on integrating an additional technology partner to inject AI-driven predictive forecasting and a recommendation engine into the proprietary tool. This modernized approach to performance marketing is long-awaited and will level up the meaning of “data-driven” for the entire DTC industry. “The term ‘data-driven’ has been used and sometimes overused in the DTC space. However, with this partnership, we’re elevating its meaning. Being data-driven is no longer just about having access to numbers; it’s about understanding those numbers, predicting trends, and making informed decisions. By integrating AI-driven forecasting and recommendation engines, we’re pushing the boundaries of what it means to be truly data-driven, ensuring DTC brands not only stay ahead of the curve but redefine it,” Wang said. As the DTC market continues to evolve, Avenue Z introduces Convergence Analytics, a Data Analytics solution that transforms cross-channel reporting through customized data modeling. This innovation equips marketing teams with advanced tools for detailed insights into customer journeys, enhancing decision-making and strategic control. "Convergence Analytics, Avenue Z’s new Data Analytics solution, is revolutionizing cross-channel reporting by offering customized data modeling that delivers unparalleled accuracy for DTC media and marketing teams. We built this solution because our clients demanded better revenue attribution than what is typically available. By leveraging our platform, we can attribute clicks beyond standard tools like Meta, activating data that helps pinpoint the visits that yield more sales," said David Corchado, Chief Strategy & Technology Officer at Avenue Z. "This solution not only removes the guesswork from the path to conversion but also equips teams with control through focused dashboards, providing deep insights into the entire customer journey." Demos of the Data Analytics solution and Convergence Dashboard are available now at AvenueZ.com. About Avenue Z: Avenue Z is a strategic marketing and communications company breaking traditional boundaries between marketing, advertising and PR. From the Wall Street Journal to TikTok, PR to social and search, we create narratives that drive commerce, connections, and conversion, across all channels. With experts, tech, and teams based in New York, Boston, Orlando, Miami, and global reach - we drive influence. Visit www.avenuez.com About SourceMedium: SourceMedium is a pioneer in DTC infrastructure and data transformation. Their comprehensive suite of tools and solutions empowers brands with the insights and capabilities needed to navigate the digital landscape successfully. With a commitment to scalability and efficiency, SourceMedium provides the foundation for brands to thrive in the competitive DTC market. For more information, visit: https://www.sourcemedium.com/ Contact Details Avenue Z +1 407-637-2833 press@avenuez.com Company Website https://www.avenuez.com/

May 30, 2024 10:00 AM Eastern Daylight Time

Kariba REDD+ Project withdrawal from VCS GHG Program

Carbon Green PR

Lake Kariba - Zimbabwe - May 30, 2024 - ( ThriveNewsWire ) - Carbon Green Investments (CGI) has announced its decision to withdraw the Kariba REDD+ Project and Chirisa REDD+ Project from the VCS GHG Program due to challenges such as communication delays and inadequate engagement, transitioning them to a suitable GHG program provider. This move, driven by issues including delayed responses and operational inefficiencies, aims to maintain the integrity and credibility of the Projects, with CGI expressing optimism for their future with the chosen GHG registry. Carbon Green Investments (CGI), a leading firm in the environmental sustainability sector, has formally announced the withdrawal of the Kariba REDD+ Project and Chirisa REDD+ Project from the VCS GHG program registry. This strategic decision, effective immediately, comes after extensive deliberations and a detailed review of the Projects' engagement and communications with VERRA over the past seven months. The decision to transition these projects to an alternate GHG program was driven by a series of challenges that hindered their effective management and operations. Significant issues included prolonged communication delays and inadequate engagement from VERRA, which have impacted the projects' implementation and CGI's business operations. CGI has cited several specific issues “these not limited” to the lead-up of withdrawal: Engagement and Cooperation: CGI has faced considerable challenges in obtaining timely and constructive responses from VERRA, resulting in extended periods of uncertainty that have affected the project's beneficiaries, staff, and business operations. Communication Delays: VERRA’s persistent delays in addressing inquiries and providing necessary access to accounts have significantly hindered CGI’s business and project management capabilities. Account Access and Transparency: Denial in accessing and managing the treasury/registry account, coupled with unexplained modifications detected within the account, have raised serious concerns about transparency and operational integrity. Project Impact: These administrative challenges have led to further reputational damage and financial losses for all beneficiaries, further compelling CGI to seek a more supportive and responsive registry partnership. Both projects are now in the process of finalizing their registration applications with the Greenhouse Gas (GHG) program and are scheduled for imminent revalidation and verification. CGI is committed to adhering to the highest standards of transparency and accountability, ensuring the integrity of the projects and the credibility of the issued credits. CGI, along with the appointed Validation & Verification Body, will continue to engage with VERRA as necessary throughout the revalidation process. CGI expects full cooperation from Verra to facilitate a smooth transition and efficient handling of the credit transfer process, safeguarding the interests of all beneficiaries. CGI, withdrawing from the VCS GHG program after twelve years of collaboration, remains optimistic about their future under the new program. We are committed to fulfilling our environmental goals and ensuring the continued success and integrity of our projects. For further information, please contact Carbon Green Investments at: info@carbongreeninv.net info@karibaredd.com About Carbon Green Investments (CGI) Carbon Green Investments (CGI) is a leader in the development and management of environmental sustainability projects, focusing on innovative solutions for carbon reduction and ecological conservation. Established with a mission to combat climate change through effective carbon management, CGI specializes in Reducing Emissions from Deforestation and Forest Degradation (REDD+) projects and other sustainable initiatives that contribute to global environmental integrity. CGI is committed to transparency, accountability, and excellence in all aspects of its operations, partnering with various stakeholders to ensure the success and credibility of its projects. Through its strategic approaches and dedicated team, CGI strives to create significant environmental impact and sustainable value for communities and ecosystems around the world, ensuring all areas of the landscape receive their fair share. Contact Details Carbon Green Africa Stephen Wentzel info@carbongreeninv.net Company Website https://carbongreenafrica.net/

May 30, 2024 10:00 AM Eastern Daylight Time

Wise Food Storage Expands Accessibility with Addition to Military Discount Sites

Wise Food Storage

Wise Food Storage is excited to announce its official inclusion on several military discount sites, including Military.com. This expansion is part of Wise's ongoing commitment to making emergency preparedness accessible to more households, particularly those of the brave men and women who protect our freedom. As America's favorite survival food provider, Wise Food Storage has long been a steadfast supporter of the military and first responders. As an All-American company, it is essential to give back to the veterans and military community who have fought to secure our freedom. Norm Ramos, Spokesperson for Wise Food Storage, stated, "Having veterans within our own company has been instrumental in understanding their life experiences, and we greatly appreciate their dedication and service. We are proud to offer this discount as a token of our gratitude for their contributions to our country." To show our appreciation, Wise Food Storage is offering a special 10% discount sitewide, even on sale items, to all military members, veterans, and dependents. As 2024 brings a year of uncertainty, now is the time to get prepared. Wise is committed to helping individuals and families enhance their readiness in these unpredictable times. "We hope a lot of military and veteran households will be able to take advantage of these offers and shop some of our best prices on preparedness products," Ramos added. "Don't wait—now is the time to stock up." In addition to these discounts, Wise Food Storage is proud of partnerships that give back, including our partnership with Randy Couture and his non-profit, Xtreme Couture GI Foundation. After his own military service, Randy created his non-profit to help raise money and awareness to assist our nation's combat veterans and their families struggling with financial burdens as they return to civilian life. Through the Prepare with Randy signature edition bucket line, 20% of each purchase is donated to this non-profit. Learn more here: https://wisefoodstorage.com/collections/emergency-response-providers. About Wise Food Storage Wise Food Storage is a leading provider of high-quality, long-term food storage solutions. With a commitment to quality, convenience, and preparedness, we strive to empower individuals and families to be ready for any situation. Learn more at https://wisefoodstorage.com/. Contact Details Amalie Jorgensen Ajorgensen@readywise.com

May 30, 2024 09:43 AM Eastern Daylight Time

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Alusid Launches Eco-Friendly Floor Tiles and Prepares for IPO

Frontier IP Group PLC

Alusid CEO Alasdair Bremner joined Steve Darling from Proactive to share exciting news about the company's latest developments. Alusid has launched its first range of floor tiles through Parkside Architectural Tiles, the commercial arm of Topps Tiles Plc. This new range, called Mas, is made from 95% to 98.5% recycled content, depending on the color, and boasts one of the lowest carbon footprints of tiles on the market. This eco-friendly feature is particularly significant for the construction industry and its customers, who are increasingly facing carbon taxes, tougher environmental regulations, and stringent sustainability targets. Topps Tiles is expected to introduce the Mas range to retail customers later this year. Bremner highlighted that floor tiles account for approximately 60% of the total tile market. The Mas tiles have undergone extensive testing, proving to be hardwearing with porcelain-grade breaking strength. They are mass-manufactured using industry-standard equipment, with production being subcontracted to ensure high quality and efficiency. In addition to product development, Alusid has successfully raised £1.13 million from new and existing investors in January 2024. This capital injection supports the company's growth initiatives, including plans for an initial public offering (IPO) later this year. The IPO is expected to provide Alusid with the financial flexibility to expand its operations and market presence. Alusid's innovative approach and commitment to sustainability have already attracted notable customers, including Starbucks EMEA, H&M, Pret a Manger, and the BBC. The company is also in discussions with potential distributors in Northern Europe to further expand into new territories. Bremner expressed confidence in Alusid’s strategic direction, emphasizing the company’s dedication to producing sustainable building materials that meet the highest standards of quality and environmental responsibility. The launch of the Mas tile range represents a significant step forward in this mission, offering an eco-friendly solution for the construction industry. In conclusion, Alusid’s launch of its eco-friendly floor tiles, successful fundraising, and upcoming IPO plans mark a period of rapid growth and development for the company. With strong market demand for sustainable products and a robust expansion strategy, Alusid is well-positioned to make a substantial impact in the building materials industry and contribute to a greener future. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 30, 2024 09:35 AM Eastern Daylight Time

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