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Seeing Machines highlights strong cash position; says it's on track to achieve revenue targets

Seeing Machines Ltd

Seeing Machines Ltd CEO Paul McGlone joined Proactive's Stephen Gunnion with a comprehensive update on the company’s performance for the first half of 2024. McGlone highlighted a strong financial position with over US$22 million in cash, alongside receivables and inventory totaling an additional US$31 million, positioning the company well for future profitability and breakeven. He emphasised the absence of a need for additional funding, thanks to a projected increase in high-margin software royalties from the automotive sector, which are expected to significantly boost cash flow. McGlone also shared optimism about achieving consensus revenue targets, noting a historical trend of stronger performance in the second half of the financial year. Despite a dip in automotive volumes in the recent quarter, McGlone pointed to the early stages of royalty growth and external economic factors as reasons for variability, maintaining confidence in long-term growth targets. Looking ahead, McGlone anticipates an uptick in cars featuring Seeing Machines’ technology, driven by increasing market demand for semi-autonomous driving features and regulatory requirements. The company’s focus on high-margin royalty revenues within the automotive business is expected to underpin growth and profitability, with significant revenue projections for financial year 2026 based on already secured business. Additionally, Seeing Machines is making strides in the aftermarket sector, with a promising product launch at the Geotab Connect event in Las Vegas. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

February 14, 2024 02:39 AM Eastern Standard Time

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Sail Into The Season of Love and Friendship with Norwegian Cruise Line

YourUpdateTV

Travel Expert and Editor-in-Chief of Cruise Critic, Colleen McDaniel, teamed up with Norwegian Cruise Line on a nationwide satellite media tour to discuss top cruise destinations, tips for planning, and much more. A video accompanying this announcement is available at: https://youtu.be/uPu9vc9Oo8c Love is in the air, and this February it's all about reconnecting with those we cherish most. Whether you are celebrating Valentine’s Day with your romantic partner, or Galentine’s Day, the celebration of female friendships founded by the legendary, but fictional Leslie Knope from Parks and Recreation, with the heroines in your life, February is a reminder of the extraordinary connections with friends, family and partners. There’s no better way to reconnect with the important people in your life than by disconnecting from the whirlwind of daily responsibilities and embarking on a new journey together. Cruises provide the perfect setting for couples seeking a romantic escape, where they can indulge in exquisite restaurants, multiple bars and lounges, relaxing spa treatments, and adult-only areas for the ultimate dreamy getaway. Couples looking to splurge on their vacation can stay in The Haven by Norwegian®, NCL’s ship-within-a-ship luxury, keycard access only complex with a private restaurant, bar, lounge, 24-hour butler, and concierge service. The Haven offers couples a truly private experience when they want to be alone, as well as easy access to all of the excitement and attractions of the rest of the ship. And for those looking to celebrate their friendships – cruises are a great way to nurture those cherished connections and maximize the time spent with those most important. Finally, cruising is an easy way to explore popular destinations like Europe and Hawaii. NCL offers a great variety of immersive European itineraries visiting multiple countries in one voyage with few sea days and an average of 10.5 hours in port that allows for guests to bond and indulge in culturally rich destinations. In 2024, NCL will have 10 ships in the region, including the newest ships, Norwegian Prima and Norwegian Viva, offering couples and groups of girlfriends an array of itineraries sailing through the Mediterranean, Northern Europe and Greek Isles. NCL is also the only cruise line to offer exclusive seven-day inter-island Hawaii cruises —one of the most sought-after voyages featuring nearly 100 hours of port time. The award-winning sailing visits the idyllic islands of Oahu, The Big Island; as well as two overnight stays in Maui and Kauai making it the perfect way to honeymoon with your partner or the most photo-worthy trip with your girls. Visit ncl.com to learn more about available itineraries and the best deals to start planning your ultimate 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 shapes 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. About Norwegian Cruise Line As the innovator in global cruise travel, Norwegian Cruise Line has been breaking the boundaries of traditional cruising for 57 years. Most notably, the cruise line revolutionized the industry by offering guests the freedom and flexibility to design their ideal vacation on their preferred schedule with no assigned dining and entertainment times and no formal dress codes. Today, its fleet of 19 contemporary ships sail to 450 of the world's most desirable destinations, including Great Stirrup Cay, the company's private island in the Bahamas and its resort destination Harvest Caye in Belize. Norwegian Cruise Line not only provides superior guest service from land to sea, but also offers a wide variety of award-winning entertainment and dining options as well as a range of accommodations across the fleet, including solo-traveler staterooms, club balcony suites, and The Haven by Norwegian®, the company's ship-within-a-ship concept. For additional information or to book a cruise, contact a travel professional, call 888-NCL-CRUISE (625-2784) or visit www.ncl.com. For the latest news and exclusive content, visit the NCL Newsroom and follow Norwegian Cruise Line on Facebook, Instagram, Tik Tok and YouTube @NorwegianCruiseLine; and Twitter @CruiseNorwegian. Norwegian Cruise Line is a wholly owned subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH). To learn more, visit www.nclhltd.com. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

February 12, 2024 12:39 PM Eastern Standard Time

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ECD Automotive Design financial guidance for 2024 calls for 50% increase in revenue

ECD Automotive Design Inc.

ECD Automotive Design CEO Scott Wallace joined Steve Darling from Proactive to share news that the company is gearing up for an exciting year ahead in 2024 as the first publicly-traded "restomod" company. ECD is a creator of restored luxury vehicles that combines classic English beauty with modern performance. ECD anticipates a strong financial performance for 2024 with revenue projected to be $33 million, an impressive increase of over 50% compared to anticipated 2023 revenue of $22 million, and gross margins expected to be 35%in 2022 to 38% in 2024. One notable achievement is that ECD's core Defender North production line is already completely sold out for 2024. This, combined with the introduction of the Jaguar E-Type and an undisclosed new model on the South production line, means that ECD has already secured binding orders of over 80% of its total 2024 production capacity. To accommodate this increasing demand, ECD plans to add another manufacturing line to its Rover Dome facility in Kissimmee, Florida. This expansion aligns with its commitment to sustainable growth and positions the company for long-term success. ECD's growth plans also include consolidating the ecosystem that surrounds the luxury auto client. This is a $15 billion industry that is highly fragmented. In addition to these exciting developments, ECD has unveiled Project QE, a Defender 110 that blends modern amenities with classic British heritage. This vehicle boasts a LT1 V8 engine with 450 horsepower. With its classic grill, bumper, and 6-point roll cage, Project QE pays homage to its English roots while offering a comfortable and powerful driving experience. Contact Details Proactive Canada Proactive Canada +1 604-688-8158 action@proactiveinvestors.com

February 08, 2024 09:47 AM Eastern Standard Time

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Manganese X Energy Corp agrees to MOU with US battery technology leader C4V

Manganese X Energy Corp

Manganese X Energy Corp CEO Martin Kepman joined Steve Darling from Proactive to share the news that the company has entered into a Memorandum of Understanding (MOU) with C4V, a prominent US battery technology leader, which holds immense promise for a potential off-take agreement from Manganese X Energy Corp's Battery Hill High Purity Manganese project located in Woodstock, New Brunswick, Canada. C4V, renowned for its leadership in renewable battery technology and its involvement in major Gigafactory developments worldwide, including those in Geelong, Australia, and the United States, has shown keen interest in the collaboration. This non-binding agreement is predicated on the possible supply of Electric Vehicle (EV) compliant High Purity Manganese Sulfate Monohydrate, a sample of which is currently undergoing pre-qualification by C4V for use in their Gigafactory joint ventures. The sample in question was produced as part of Manganese X Energy Corp's Pilot Plant Project, which employs their patent-pending, groundbreaking manganese purification technology. This technology enables the transformation of Battery Hill manganese carbonate into Electric Vehicle compliant High Purity Manganese Sulfate Monohydrate (HPMSM), serving as a precursor to the cathode in battery manufacturing. This strategic partnership holds the promise of playing a pivotal role in the supply chain for EV batteries, as high-purity manganese is a crucial component in the production of advanced batteries. The MOU represents a significant step forward in the company's quest to contribute to the growing electric vehicle industry while further solidifying its position as a key player in the renewable energy sector. The collaboration between Manganese X Energy Corp and C4V exemplifies their shared commitment to sustainable energy solutions and highlights the importance of securing a stable supply of critical materials for the EV revolution. As the pre-qualification process advances and the partnership takes shape, both companies are poised to make a lasting impact on the clean energy landscape by fostering innovation and the development of cutting-edge battery technology. Contact Details Proactive Canada Proactive Canada +1 604-688-8158 action@proactiveinvestors.com

February 07, 2024 12:38 PM Eastern Standard Time

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Cepton, Inc. SVP Brunno Moretti on US DOD 1260H List Breaking News

Cepton, Inc.

Cepton, Inc. Senior Vice President of Product & Commercial Operations Brunno Moretti joined Steve Darling from Proactive to discuss the recent update from the U.S. Department of Defense (DOD), listing Chinese military companies operating in the U.S. Specifically, the conversation revolves around the inclusion of a lidar company, Hesai, on this list. Moretti highlights potential repercussions for companies with Chinese technology, such as restrictions, increased scrutiny, and impacts on global reputation and partnerships. The discussion then delves into the sensitivity of lidar technology, emphasizing its high precision, 3D imaging capabilities, and the potential risks associated with data breaches and unauthorized access. Moretti underlines the importance of addressing national security concerns, especially when deploying lidar in critical infrastructure. Towards the end, Moretti sheds light on Cepton, Inc.’s commitment to safe deployment of lidar technology in the United States. He emphasizes the company's dedication to cybersecurity, adherence to industry standards, and the goal of making lidar a safe automotive technology for every household. Cepton, Inc.’s strong reputation within the industry is highlighted, emphasizing their focus on providing lidar at a competitive price to improve safety and enable advancements in smart infrastructure. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

February 07, 2024 10:16 AM Eastern Standard Time

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Nano One: Powering the Future with Advanced Battery Materials in 2024

Nano One Materials Corp

Nano One Materials Corp CEO Dan Blondal joined Steve Darling from Proactive to share significant updates regarding the company's progress in the lithium iron phosphate (LFP) market during an interview with Steve Darling from Proactive. Blondal mentioned that Nano One's plan for commercialization is on target and advancing with its partners. The company's One-Pot process is specifically targeting energy storage and electric vehicles (EV's) in North America and globally. He highlighted the strong collaborative work with partners, focusing on NMC (nickel manganese cobalt) and LFP (lithium iron phosphate). Nano One is validating its LFP technology with multiple partners, with the goal of securing off-take agreements. Blondal also emphasized the company's growth into Quebec in 2022, which has accelerated Nano One's path to commercialization ahead of competitors in the LFP market. This strategic move positions Nano One to potentially become a leader in the emerging LFP market, which is projected to grow to tens of billions of dollars over the coming decade. In summary, Nano One Materials Corp is making significant strides in the LFP market, with strong collaborations, validation of its technology, and a strategic presence in Quebec, all contributing to its growth and leadership potential in the industry. Contact Details Proactive USA +1 347-449-0879 na-editorial@proactiveinvestors.com

February 07, 2024 10:04 AM Eastern Standard Time

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FuelRod Deploys Swappable Charging Program at Miami International Airport

Fuel Rod

FuelRod, a leading provider of portable power solutions, announced today that Miami International (MIA) is the latest airport to deploy their innovative charging service with the installation of ten automated kiosks in select locations throughout the airport. By implementing the FuelRod program, the airport now provides the more than 50 million annual passengers with an environmentally friendly, portable option to power their devices—helping to eliminate “low power anxiety” and creating a more connected and less stressful traveling experience. FuelRod kiosks allow travelers to buy a kit with a fully charged FuelRod and all necessary cables to support any phone or pad. The rods may be recharged by the user or swapped for a fresh, fully charged replacement at any one of the many kiosk locations nationwide so travelers never need to worry about running out of power on the go. MIA is the newest addition to a rapidly growing list of more than fifty U.S. airports that have adopted the patented FuelRod two-way exchange mobile charging program, which includes major hubs such as Hartsfield-Jackson (ATL), John F. Kennedy (JFK), Dallas Fort Worth (DFW), Boston Logan (BOS), and Harry Reid Las Vegas (LAS). “We're thrilled to kick off 2024 with the installation of FuelRod kiosks at Miami International Airport,” said FuelRod COO Joe Yeagley. “This latest expansion to our kiosk network at MIA highlights our commitment to providing travelers with easily accessible and reliable power solutions. We believe that staying charged should be easy and convenient, and our continued focus on expanding our presence in airports reinforces this belief.” It is FuelRod’s hope that their collaboration with airports such as MIA will improve the overall quality of the traveling experience and allow passengers to focus on the matters that are most important to them. About FuelRod FuelRod is a California-based portable power solutions company and developer of the FuelRod kit—the first reusable, portable charging system that allows you to charge your mobile device on the go, and then recharge or swap for a fresh one. With a growing network of kiosks nationwide, FuelRod can keep your devices powered virtually anywhere you go. Learn more at www.fuel-rod.com. Contact Details FuelRod Claudio Frescas +1 423-914-9647 claudio@fuel-rod.com Company Website https://www.fuel-rod.com/

February 07, 2024 09:00 AM Eastern Standard Time

Exciting Transition as Executive Director Prepares for New Chapter

National Contract Management Association

The NCMA Contract Management Institute (CMI) announces that Soraya Correa, who has served as the dedicated Executive Director for the past year, will be joining the team at National Industries for the Blind as their new President and CEO-Elect. Ms. Correa will be transitioning into a governance role, maintaining a crucial connection with CMI and its strategic direction. This shift reflects her continued dedication to the institute's mission and the desire to contribute to its future success at a governance level. Kraig Conrad, CEO of NCMA and Chair of the CMI Governance Board, "We express our gratitude for the invaluable contributions Soraya has made to the relaunch of the Contract Management Institute. Her enduring legacy is marked by a steadfast commitment to remaining actively engaged in the NCMA community and continuing her involvement in the governance of CMI." Amid expressions of gratitude for her contributions, Ms. Correa reflected on her time at the Institute, underscoring the impact she has had on its relaunch, community engagement, and governance. “While I am excited about this new opportunity with the National Industries for the Blind (NIB), I am sad to leave CMI. As Executive Director of CMI I had the opportunity to work with the outstanding leadership, team, and members of NCMA, an experience I will always appreciate and remember fondly. I remain committed to the success of CMI and the vital role it plays in advancing the contract management profession. As I embark in my new role at NIB, I will continue to support NCMA initiatives, especially those of the CMI!” In the interim, taking over the Executive Director position for CMI will be Mr. Conrad. Stay tuned for more updates and CMI’s research projects begin this Spring. For inquiries and paper submissions, please contact info@ncmahq.org. The Contract Management Institute (CMI) is a leading professional organization dedicated to advancing the field of contract management. With a mission to drive innovation, promote excellence, and enhance the role of the contracting professional, CMI provides valuable resources including collaboration and partnership opportunities for individuals and organizations involved in contract management across government, industry, and academia. The Institute serves as a catalyst for the study of the profession to elevate engagement, standards, and professional development. The CMI mission and vision are aligned with its parent, NCMA. CMI is a 501(c)(3) charitable organization. The National Contract Management Association (NCMA) - www.ncmahq.org - stands as the premier contract management organization whose mission is to collaborate towards a globally recognized contract management profession that strengthens its nexus with related acquisition communities. Serving approximately 20,000 members in both the public and private sectors, NCMA propels the growth, advancement, and impact of practitioners through a steadfast commitment to serve through the open exchange of ideas in neutral forums. Contact Details NCMA Holly DeHesa +1 281-865-3296 holly.dehesa@ncmahq.org Company Website https://www.ncmahq.org

February 05, 2024 07:05 PM Eastern Standard Time

Tertre Rouge Assets aiming for "15-25% return" from classic cars and motorcycles

Tertre Rouge Assets PLC

Tertre Rouge Assets PLC CEO André Ahrlé and Chairman Steven Schapera speak to Thomas Warner from Proactive about their innovative approach to generating shareholder returns by consolidating investment-grade classic cars and motorcycles. Their strategy revolves around creating a portfolio that aims for a 15% Internal Rate of Return (IRR) and operating companies with potential returns of 20-25%. This combined approach targets an overall investor return of 15-20%. The company's board boasts deep industry knowledge and includes prominent figures like Mika Hakkinen, David Coulthard, and Allan McNish. André Ahrlé, a former professional racer and Daytona winner himself, highlights his journey from collecting Porsches to co-founding Tertre Rouge Assets. He emphasises the global appeal and iconic status of their car collection, appealing to a wide range of enthusiasts and collectors. The investment model allows shareholders to benefit from the appreciation of the entire portfolio, rather than individual assets. Looking ahead, Schapera is confident about the company’s meticulously planned future, citing an analysis by Oberon that predicts a 15-25% return. This optimism is based on the solid foundation of their car portfolio and cash-generating businesses. Contact Details Proactive UK Ltd Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

February 05, 2024 01:51 PM Eastern Standard Time

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