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Cooper Standard Reports Fourth Quarter and Full Year 2021 Results

Cooper Standard Holdings Inc.

Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the fourth quarter and full year 2021. Fourth Quarter Highlights Sales of $601.3 million increased sequentially by 14% compared to third quarter 2021 Net loss of $102.2 million or $(5.98) per fully diluted share, improved sequentially by 17% compared to third quarter 2021 Adjusted net loss of $50.3 million, or $(2.94) per fully diluted share, improved sequentially by 53% compared to third quarter 2021 Adjusted EBITDA of $2.0 million increased sequentially by $35.9 million as compared to third quarter 2021 Year-end cash balance of $248 million; continuing strong total liquidity of $396 million “We were pleased to see OEM production schedules begin to stabilize and volumes improve during the fourth quarter, compared to what we saw in the second and third quarters of 2021,” said Jeffrey Edwards, chairman and CEO, Cooper Standard. “Headwinds from increased material and labor costs remain and we have made progress in our negotiations to recover some of those increases in 2022. Our outlook anticipates further improvement in production volumes throughout the year, especially in the second half, which we expect will enable us to drive improved margins and cash flow going forward.” Consolidated Results The year-over-year decline in fourth quarter sales was primarily attributable to unfavorable volume and mix associated with continuing supply chain constraints, partially offset by favorable price adjustments. The year-over-year change in fourth quarter net loss was driven primarily by unfavorable volume and mix, higher material costs, higher wages and general inflation, and higher income tax expense, partially offset by favorable price adjustments and lower selling, administrative and engineering (SGA&E) expense. The year-over-year change in fourth quarter adjusted EBITDA was driven primarily by unfavorable volume and mix, higher material costs, and higher wages and general inflation, partially offset by favorable price adjustments and lower SGA&E expense. For the full year 2021, sales declined primarily due to the divestiture of certain business operations in Europe and India in 2020 and unfavorable volume and mix, partially offset by favorable foreign exchange. The year-over-year change in full year net loss was primarily driven by higher material costs, higher wages and general inflation, unfavorable volume and mix, higher interest expense and higher income tax expense. These negative impacts were partially offset by lower SGA&E expense, improvements in operating efficiency, and other cost reduction initiatives. Full year adjusted EBITDA declined due primarily to higher material costs, higher wages and general inflation, and unfavorable volume and mix, partially offset by lower SGA&E expense, improvements in operating efficiency, and other cost reduction initiatives. Adjusted net income (loss), adjusted EBITDA, adjusted earnings (loss) per diluted share and free cash flow are non-GAAP measures. Reconciliations to the most directly comparable financial measures, calculated and presented in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”), are provided in the attached supplemental schedules. New Business Awards Electric vehicle trends continue to create opportunity for Cooper Standard. During the fourth quarter of 2021, the Company received net new business awards representing approximately $26 million in incremental anticipated future annualized sales. Approximately $18 million of these net new business awards were on electric vehicle platforms. For the full year 2021, the Company's net new business awards totaled approximately $186 million, including $106 million in new awards on electric vehicle platforms. The Company believes its world-class engineering and manufacturing capabilities, its innovation programs and its reputation for quality and service are competitive advantages that continue to drive the new business awards. Continuing Execution of Cost Reduction and Strategic Initiatives The Company remains focused on reducing ongoing costs through improved operating efficiency and further rightsizing of its operating footprint, overhead expenses and staffing levels. In 2021, these initiatives resulted in a combined cost savings of approximately $81 million. Further restructuring actions and other cost savings initiatives are anticipated in 2022. Quarterly Segment Results Sales * Net of customer price adjustments Volume and mix, net of customer price adjustments, was mainly driven by the decline in vehicle production volume caused by the impact of semiconductor and other OEM supply chain issues. The impact of foreign currency exchange was primarily related to the Euro, the Chinese Renminbi and the Brazilian Real. Adjusted EBITDA * Net of customer price adjustments Volume and mix, net of customer price adjustments, was mainly driven by the decline in vehicle production volume caused by the impact of semiconductor and other OEM supply chain issues. Foreign currency exchange was primarily related to the Mexican Peso and the Canadian Dollar. The Cost Decreases / (Increases) category above includes: The increase in material costs, wages, and general inflation Lower SGA&E expense, savings from past restructuring actions and savings from manufacturing efficiencies. Full Year Segment Results Sales * Net of customer price adjustments Volume and mix, net of customer price adjustments, was driven by the decline in vehicle production volume caused by the impact of semiconductor and other OEM supply chain issues. The impact of foreign currency exchange was primarily related to the Euro and the Brazilian Real. Adjusted EBITDA * Net of customer price adjustments Volume and mix, net of customer price adjustments, was driven by the decline in vehicle production volume caused by the impact of semiconductor and other OEM supply chain issues. Foreign currency exchange was impacted by the Mexican Peso, Canadian Dollar, Euro, Polish Zloty, Czech Koruna, Chinese Renminbi and the Brazilian Real. The Cost Decreases / (Increases) category above includes: The one-time impact of an $11.2 million credit loss for certain accounts receivable related to the bankruptcy proceedings of a former joint venture in Asia; Commodity cost, wage and allowance for credit loss increases; The non-recurrence of prior year government incentives primarily related to the COVID-19 pandemic; Reduction in compensation-related expenses, due to salaried headcount initiatives, purchasing savings through lean initiatives, variable employee compensation expenses, and restructuring savings; and Net manufacturing efficiencies of $33 million, primarily driven by our European, North America and Asia Pacific segments. Cash and Liquidity As of December 31, 2021, Cooper Standard had cash and cash equivalents totaling $248.0 million and total liquidity, including availability under its amended senior asset-based revolving credit facility, of $395.5 million. Based on our current expectations for light vehicle production and customer demand for our products, we expect our current solid cash balance and access to flexible credit facilities will provide sufficient resources to support ongoing operations and the execution of planned strategic initiatives. Outlook Based on our outlook for the global automotive industry, macroeconomic conditions, current customer production schedules and our own operating plans, the Company has issued 2022 full year guidance as follows: 1 Guidance is representative of management's estimates and expectations as of the date it is published. Current guidance as presented in this press release considers January 2022 IHS Markit production forecasts for relevant light vehicle platforms and models, customers' planned production schedules and other internal assumptions. 2 Adjusted EBITDA is a non-GAAP financial measure. The Company has not provided a reconciliation of projected adjusted EBITDA to projected net income because full-year net income will include special items that have not yet occurred and are difficult to predict with reasonable certainty prior to year-end. Due to this uncertainty, the Company cannot reconcile projected adjusted EBITDA to U.S. GAAP net income without unreasonable effort. Conference Call Details Cooper Standard management will host a conference call and webcast on February 18, 2022 at 9 a.m. ET to discuss its fourth quarter and full year 2021 results, provide a general business update and respond to investor questions. A link to the live webcast of the call (listen only) and presentation materials will be available on Cooper Standard’s Investor Relations website at www.ir.cooperstandard.com/events.com. To participate by phone, callers in the United States and Canada should dial toll-free (877) 374-4041. International callers should dial (253) 237-1156. Provide the conference ID 7481647 or ask to be connected to the Cooper Standard conference call. Representatives of the investment community will have the opportunity to ask questions after the presentation. Callers should dial in at least five minutes prior to the start of the call. 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 22,600 employees are at the heart of our success, continuously improving our business and surrounding communities. Learn more at www.cooperstandard.com or follow us on Twitter @CooperStandard. Forward-Looking Statements This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Our use of words “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “believe,” “outlook,” “guidance,” “forecast,” or future or conditional verbs, such as “will,” “should,” “could,” “would,” or “may,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon our current expectations and various assumptions. Our expectations, beliefs, and projections are expressed in good faith and we believe there is a reasonable basis for them. However, we cannot assure you that these expectations, beliefs and projections will be achieved. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. Among other items, such factors may include: the impact, and expected continued impact, of the COVID-19 outbreak on our financial condition and results of operations; significant risks to our liquidity presented by the COVID-19 pandemic risk; prolonged or material contractions in automotive sales and production volumes; our inability to realize sales represented by awarded business; escalating pricing pressures; loss of large customers or significant platforms; our ability to successfully compete in the automotive parts industry; availability and increasing volatility in costs of manufactured components and raw materials; disruption in our supply base; competitive threats and commercial risks associated with our diversification strategy through our Advanced Technology Group; possible variability of our working capital requirements; risks associated with our international operations, including changes in laws, regulations, and policies governing the terms of foreign trade such as increased trade restrictions and tariffs; foreign currency exchange rate fluctuations; our ability to control the operations of our joint ventures for our sole benefit; our substantial amount of indebtedness and variable rates of interest; our ability to obtain adequate financing sources in the future; operating and financial restrictions imposed on us under our debt instruments; the underfunding of our pension plans; significant changes in discount rates and the actual return on pension assets; effectiveness of continuous improvement programs and other cost savings plans; manufacturing facility closings or consolidation; our ability to execute new program launches; our ability to meet customers’ needs for new and improved products; the possibility that our acquisitions and divestitures may not be successful; product liability, warranty and recall claims brought against us; laws and regulations, including environmental, health and safety laws and regulations; legal and regulatory proceedings, claims or investigations against us; work stoppages or other labor disruptions; the ability of our intellectual property to withstand legal challenges; cyber-attacks, data privacy concerns, other disruptions in, or the inability to implement upgrades to, our information technology systems; the possible volatility of our annual effective tax rate; the possibility of a failure to maintain effective controls and procedures; the possibility of future impairment charges to our goodwill and long-lived assets; our ability to identify, attract, develop and retain a skilled, engaged and diverse workforce; our ability to procure insurance at reasonable rates; and our dependence on our subsidiaries for cash to satisfy our obligations; and other risks and uncertainties, including those detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements. Our forward-looking statements speak only as of the date of this press release and we undertake no obligation to publicly update or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except where we are expressly required to do so by law. This press release also contains estimates and other information that is based on industry publications, surveys and forecasts. This information involves a number of assumptions and limitations, and we have not independently verified the accuracy or completeness of the information. CPS_F Financial statements and related notes follow: Non-GAAP Measures EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share and free cash flow are measures not recognized under U.S. GAAP and which exclude certain non-cash and special items that may obscure trends and operating performance not indicative of the Company’s core financial activities. Net new business is a measure not recognized under U.S. GAAP which is a representation of potential incremental future revenue but which may not fully reflect all external impacts to future revenue. Management considers EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business to be key indicators of the Company’s operating performance and believes that these and similar measures are widely used by investors, securities analysts and other interested parties in evaluating the Company’s performance. In addition, similar measures are utilized in the calculation of the financial covenants and ratios contained in the Company’s financing arrangements and management uses these measures for developing internal budgets and forecasting purposes. EBITDA is defined as net income (loss) adjusted to reflect income tax expense (benefit), interest expense net of interest income, depreciation and amortization, and adjusted EBITDA is defined as EBITDA further adjusted to reflect certain items that management does not consider to be reflective of the Company’s core operating performance. Adjusted EBITDA margin is defined as adjusted EBITDA divided by sales. Adjusted net income (loss) is defined as net income (loss) adjusted to reflect certain items that management does not consider to be reflective of the Company’s core operating performance. Adjusted basic and diluted earnings (loss) per share is defined as adjusted net income (loss) divided by the weighted average number of basic and diluted shares, respectively, outstanding during the period. Free cash flow is defined as net cash provided by operating activities minus capital expenditures and is useful to both management and investors in evaluating the Company’s ability to service and repay its debt. Net new business reflects anticipated sales from formally awarded programs, less lost business, discontinued programs and replacement programs and is based on IHS Markit forecast production volumes. The calculation of “net new business” does not reflect customer price reductions on existing programs and may be impacted by various assumptions embedded in the respective calculation, including actual vehicle production levels on new programs, foreign exchange rates and the timing of major program launches. When analyzing the Company’s operating performance, investors should use EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business as supplements to, and not as alternatives for, net income (loss), operating income, or any other performance measure derived in accordance with U.S. GAAP, and not as an alternative to cash flow from operating activities as a measure of the Company’s liquidity. EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business have limitations as analytical tools and should not be considered in isolation or as substitutes for analysis of the Company’s results of operations as reported under U.S. GAAP. Other companies may report EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business differently and therefore the Company’s results may not be comparable to other similarly titled measures of other companies. In addition, in evaluating adjusted EBITDA and adjusted net income (loss), it should be noted that in the future the Company may incur expenses similar to or in excess of the adjustments in the below presentation. This presentation of adjusted EBITDA and adjusted net income (loss) should not be construed as an inference that the Company’s future results will be unaffected by special items. Reconciliations of EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss) and free cash flow follow. Reconciliation of third quarter non-GAAP measures can be found in our third quarter press release issued on November 3, 2021. Reconciliation of Non-GAAP Measures EBITDA and Adjusted EBITDA The following table provides reconciliation of EBITDA and adjusted EBITDA from net (loss) income (unaudited): Non-cash impairment charges in 2021 related to fixed assets and goodwill. Impairment charges in 2020 included impairment of assets held for sale and other impairment charges related to fixed assets and right-of-use operating lease assets, net of portion attributable to our noncontrolling interests. Non-cash pension settlement charges and administrative fees incurred related to certain of our U.S. and non-U.S. pension plans. Lease termination costs no longer recorded as restructuring charges in accordance with ASC 842. In 2021, subsequent adjustments were recorded to the net gain on sale of business, which related to the 2020 divestiture of our European rubber fluid transfer and specialty sealing businesses. In 2020, the gain on sale of business primarily related to divestitures. Project costs recorded in selling, administration and engineering expense related to acquisitions and divestitures. Adjusted Net (Loss) Income and Adjusted (Loss) Earnings Per Share The following table provides reconciliation of net (loss) income to adjusted net (loss) income and the respective (loss) earnings per share amounts (unaudited): Non-cash impairment charges in 2021 related to fixed assets and goodwill. Impairment charges in 2020 included impairment of assets held for sale and other impairment charges related to fixed assets and right-of-use operating lease assets, net of portion attributable to our noncontrolling interests. Non-cash pension settlement charges and administrative fees incurred related to certain of our U.S. and non-U.S. pension plans. Lease termination costs no longer recorded as restructuring charges in accordance with ASC 842. In 2021, subsequent adjustments were recorded to the net gain on sale of business, which related to the 2020 divestiture of our European rubber fluid transfer and specialty sealing businesses. In 2020, the gain on sale of business primarily related to divestitures. Project costs recorded in selling, administration and engineering expense related to acquisitions and divestitures. Relates to the initial recognition of our valuation allowance on net deferred tax assets in the U.S and certain international jurisdictions. Represents the elimination of the income tax impact of the above adjustments, by calculating the income tax impact of these adjusting items using the appropriate tax rate for the jurisdiction where the charges were incurred. For the purpose of calculating adjusted diluted earnings (loss) per share for the quarter ended December 31, 2020, the weighted average shares outstanding were 17,097,743. Free Cash Flow The following table provides a reconciliation of net cash (used in) provided by operating activities to free cash flow (unaudited): 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 http://www.cooperstandard.com/

February 17, 2022 04:30 PM Eastern Standard Time

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VinFast teams up with Nas Academy to launch 'Go Boundless' challenge to inspire the electric vehicle revolution

Vingroup

HANOI, VIETNAM - Media OutReach - 17 February 2022 - VinFast teams up with Nas Academy - the world's first creator school for the skills of the future - to launch the 'Go Boundless' video challenge. The contest aims to inspire the transition to electric vehicles and accelerate the global green mobility revolution. The Go Boundless Contest consists of two rounds. In the first round, candidates are tasked with creating and publishing an inspirational 1-3-minute video that encourages the switch from gasoline-powered cars to EVs. The top ten candidates from the first round will be invited on an all-expenses-paid trip to Vietnam to make one final video to compete for the Grand Prize. Regarding prizes, each of the first 1,000 qualified videos* will be awarded a US$100 cash prize and a US$200 reservation payment for a VF 8 or VF 9. Each reservation provides access to the VinFirst membership program, which confers an e-voucher for US$3,000 towards a VF 8 or US$5,000 towards a VF 9 and other exclusive benefits for VinFirst's members. The top ten candidates from the first round will receive a US$2,000 cash prize and an all-expense-paid trip to Vietnam for the Finale. The Grand Prize will be a US$30,000 cash prize awarded to the final winner. Within the contest, the organizer will host two workshops led by VinFast's experts for brand inspiration and three open Q&A sessions with the Nas Academy trainers for additional consultation. About the collaboration with VinFast, Mr. Nuseir Yassin, CEO and Founder of Nas Academy, shared: "We are honored to collaborate with VinFast to launch the 'Go Boundless’ Challenge, a campaign that introduces world-class EVs by an innovative and progressive Vietnamese brand to global audiences. With the mission of enabling creators through technology, we are proud to contribute to VinFast's journey of empowering the future with zero-emission transportation and low-noise mobility, combined with safer, smarter, and more exciting driving experiences." Madam Le Thi Thu Thuy, Vingroup Vice Chairwoman and VinFast Global CEO also shared: "We are excited to launch this campaign. In teaming up with the Nas Academy, which has demonstrated influence on young audiences across the globe, we firmly believe this contest will greatly inspire global audiences to consider the Future of Mobility and unite towards a greener tomorrow for all." With its mission of creating a sustainable future for everyone, VinFast is motivated to inspire global audiences to unite in creating a greener planet. The contest aims to contribute to a sustainable tomorrow by promoting greener mobility with advanced technologies for exciting, comfortable, and convenient experiences on every drive and in everyday life. Submissions will be accepted until the end of the day on March 17, 2022. Anyone interested in participating can learn more about the challenge and register from February 17, 2022, on the Nas Academy's website: https://nasacademy.com/vinfast *Submission criteria The video must be published on your public social media account by 23:59 SGT - GMT+8 on March 17, 2022 The video must be between 1-3 minutes long and must provide at least one valid reason why people should switch from gas-powered cars to EVs The video must satisfy all additional requirements such as audio, lighting, language (English), intellectual property, etc. About Vingroup Established in 1993, Vingroup is one of the leading private conglomerates in the region, with a total capitalization of $35 billion USD from three publicly traded companies (as of November 4, 2021). Vingroup currently focuses on three main areas: Technology and Industry, Services and Social Enterprise. Find out more at: https://www.vingroup.net/en. About VinFast VinFast - a member of Vingroup – envisioned to drive the movement of global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90% automation in Hai Phong, Vietnam.Strongly committed to the mission for a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet. Learn more at: https://vinfastauto.com. About Nas Academy Nas Academy is the world's first creator school for the skills of the future. Headquartered in Singapore, Nas Academy raised $11 million Series A led by Lightspeed Venture Partners to help creators build their own academies through cohort-based learning experiences.Motivated by the mission to empower content creators on the internet, Nas Academy has worked with over 100 creators to productize their knowledge, making education accessible to over 200,000 students across 160 countries. Nas Academy has partnered with some of the world's leading companies to train, upskill, and tap into the creator economy for sustainable brand advocacy on social media – through corporate workshops, fellowships and other training programs. Contact Details Vingroup v.nammh@vingroup.net Company Website https://www.vingroup.net/en

February 17, 2022 08:30 AM Eastern Standard Time

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Volatus Aerospace Forecasts Revenues of $38 million in 2022, a 138% Growth from 2021, with an expected gross margin of 31%

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV:VOL) ("Volatus" or the "Company") is pleased to pre-announce its unaudited Pro-forma revenue for FY2021 of approximately $16.5 million of sales and expects to release its audited 2021 financial statements in April of 2022. Additionally, Volatus is providing revenue guidance of $38 million for FY2022 with a blended gross margin of 31%. The forecast includes twelve months of all operating subsidiaries and ten months of MVT Geo-Solutions, an acquisition scheduled to close on or around February 28th, 2022. All amounts are in Canadian dollars unless otherwise noted. The Company will host a webcast on February 28, 2022, at 3 pm EST to discuss recent operational highlights and forward-looking guidance in connection with 2022 forecast revenues. “Volatus is recognized as a leader in the drone industry. Our ability to scale has allowed the Company to accelerate growth, consolidate earnings, and access greater revenue-generating opportunities,” said Glen Lynch, President and CEO of Volatus. “We have a mature aerospace team with a demonstrated ability to execute and a growing opportunity fuelled by the rapid adoption of drones across industry, government, and defense sectors.” "Volatus grew revenues from less than $1 million in 2020 to more than $16 million in 2021. At the same time, we completed a reverse take-over and were approved for listing on the TSX Venture by year-end," said Abhinav Singhvi, Chief Financial Officer. "Volatus is built on the foundation of scaling businesses on a sustainable basis – we are blitzscaling, but responsibly, with our eyes on the bottom line. While the global drone industry is a US$58.4 billion market, growing at a CAGR of 16.4% ( as per the Markets and Markets 2021 report ); we intend to capture as much market as possible through our growth strategy." Business Highlights for 2022 Emerging, growth segments of the business include public safety, defense, unmanned commercial cargo and military re-supply, forestry, and autonomous solutions with integrated remote flight operations software Scaling existing customers with national service offerings Leveraging the Company's premier Canadian position in the services and equipment sales into growth in the US and Latin American markets Commencement of assembly and testing of long-range, high endurance drones at the Lake Simcoe facility in Ontario Business Outlook and Webcast Details Glen Lynch, President and CEO of Volatus, Abhinav Singhvi, Chief Financial Officer, and Rob Walker, Chief Operating Officer, will host a conference call and webcast on February 28, 2022, at 3 pm EST to discuss details of the company's performance and certain forward-looking information. The session may be accessed here. The webcast will be available for replay on March 1, 2022. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, and Latin America. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information 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 Corporation; 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 Corporation 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 Corporation, 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 reflects the Corporation’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 impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation 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 Corporation 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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Volatus Aerospace Corp. Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

February 16, 2022 08:30 AM Eastern Standard Time

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Cooper Standard Updates Purpose, Mission and Values for Evolving Market

Cooper Standard Holdings Inc.

To better leverage its culture, capabilities and resources for future growth and to further align with the interests of all its stakeholders in rapidly evolving global markets, Cooper Standard (NYSE: CPS) has re-defined its formal Purpose, Mission and Values statements. “Since 2013, Cooper Standard has clearly defined its Purpose, Mission and Values to provide clarity and inspiration for all stakeholders,” said Jeffrey Edwards, chairman and CEO, Cooper Standard. “To ensure these statements remain aligned with our culture and the needs of our key stakeholders, we thoughtfully re-examine them every few years. In 2021, through a series of workshops, the Cooper Standard Global Leadership Team assessed our culture and, with the help of employee feedback, updated the Company’s Purpose, Mission and Values statements to provide guidance and alignment for our team worldwide.” According to Cooper Standard, its new statement of Purpose – “Creating Sustainable Solutions Together” – consists of four important words: Creating: The Company is developing game-changing advancements in materials science and product innovations; Sustainable: Cooper Standard delivers continued business viability and reduction of its environmental footprint; Solutions: Cooper Standard delivers high-quality products and services to its stakeholders; and Together: The Company partners with all its stakeholders to create a better tomorrow. The Company’s updated Mission statement is “Be the First Choice of the Stakeholders We Serve.” According to Edwards, this reflects Cooper Standard’s Mission to be the first choice of each of its stakeholder groups – customers, employees, investors, suppliers and the communities in which it operates – by living its Core Values and demonstrating its capabilities to meet or exceed expectations. Cooper Standard’s Values are the foundation of its culture. These non-negotiable beliefs are modeled in all business interactions. The Company’s six updated Value statements include: Safety First: Ensuring a physically and psychologically safe workplace, with a focus on environmentally responsible materials, products and procedures; Collaboration Drives Success: Building partnerships, interacting with transparency and aligning resources to meet shared objectives; Integrity Always: Consistently acting in an honest, ethical and responsible manner; Diversity Makes Us Stronger: Creating a global workforce that reflects a broad range of human differences; leveraging the uniqueness of every team member; and nurturing an inclusive culture where each employee feels they belong and are valued; Commitment to Excellence: Holding ourselves and each other to high standards and always striving to do better through courage, creativity, perseverance and discipline; and Respect for All: Sustaining an encouraging, caring and supportive environment by listening with an open mind, speaking thoughtfully and treating others with dignity. “Together, our updated Purpose, Mission and Values statements reflect our unique culture and Cooper Standard’s ability to serve its stakeholders in the new, evolving future,” said Edwards. “It is this culture that will help us navigate industry challenges and emerge even stronger, together.” For more information about Cooper Standard’s Purpose, Mission and Values, and the culture they cultivate, please visit: http://www.cooperstandard.com/company/about-us/our-purpose. 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_G Contact Details Chris Andrews +1 248-596-6217 candrews@cooperstandard.com Company Website http://www.cooperstandard.com/

February 16, 2022 08:30 AM Eastern Standard Time

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Avi Kumar Converts Independent Print Shop to Minuteman Press Franchise in Longmont, CO

Minuteman Press International Inc

A vi Kumar has been part of the Minuteman Press franchise family since May 2016 as the owner of Minuteman Press in Greeley, CO. In February 2021, Avi had the opportunity to buy Ron’s Printing Center located in Longmont, CO, which was in business for 40 years. Avi converted Ron’s Printing Center into his second Minuteman Press location in February 2021 and is now celebrating one year in business at the new center. Minuteman Press in Longmont is located at 420 Main Street, Longmont, CO 80501. Avi says, “Our Regional Vice President Jack Panzer told us about this established business for sale in Longmont, which is 40 minutes from us. The main advantage was to extend profitability and expand our business in Northern Colorado.” He continues, “Another advantage was that we did not have to spend a lot of extra effort in marketing this as a new business because Ron’s Printing Center had been established for a long time. The employees were all very hands-on and diligent and we were able to retain them all. Within the second month, we added mailings, promotional products, and apparel to their product lines. In fact, we just wrapped up a 30K mailer for a local non-profit organization and secured a large apparel order as well.” Prior to franchising in 2016, Avi worked in retail as a convenience store manager of several locations. “I used to manage some stores in Illinois for a big outfit out of Wisconsin. I finally got tired of answering to my boss and decided I wanted to own my own business. I moved on to better pastures and we decided as a family that Colorado was our calling.” Avi is thankful for being able to work with Minuteman Press and Jack Panzer over the past five-plus years in Greeley and on the conversion in Longmont in 2021. He says, “Working with Jack is amazing as he is very thorough and helpful. Since I started my business in Greeley in 2016, he has been a huge resource for us and very supportive. As we continue to build in Longmont, we are also expanding in Greeley to a new 5,000 sq. ft. facility – remodeling is under way as we speak. We started small and grew the business, and now we are building on that success at the right, consistent pace.” For more information on Minuteman Press in Longmont, CO, visit https://minuteman.com/us/locations/co/longmont. Learn more about #1 rated Minuteman Press franchise opportunities at https://minutemanpressfranchise.com. To learn how to sell your printing business through the Minuteman Press Conversion Program, visit https://bit.ly/minutemanpressconversions. Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

February 15, 2022 11:00 AM Eastern Standard Time

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Sports Business Analyst Mike Bako’s Winter Olympic Analysis

YourUpdateTV

A video accompanying this announcement is available at: https://www.youtube.com/watch?v=IEYO-2_V6A4 Mike Bako, Daily National.com sports editor, provides insights and analysis on the Beijing 2022 Winter Olympic Games and the latest on the scandal that is overshadowing the games. Failed Test Casts Shadow Over Skating, the Olympics’ Showcase Event. Russian skater’s Kamila Valieva positive test were an embarrassing failure of the systems designed to keep doping out of the Olympics. Valieva was cleared to skate even though she failed a drug test taken Dec. 25, the result only emerging last week, after her two brilliant performances in the team competition helped win gold for the Russian team. The Court of Arbitration for Sport gave her a favorable decision early Monday in part because she is a minor, known as a "protected person,'' and is subject to different rules from an adult athlete. For additional commentary by Bako please email mike@dailynational.com For more information, visit DailyNational.com Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

February 15, 2022 10:25 AM Eastern Standard Time

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QX Global Group Acquires Management Consulting & Advisory Services Firm Chazey Partners

QX Global Group

Together QX Global Group and Chazey Partners will provide end-to-end Business Transformation, Digital Services & Intelligent Automation, and Business Process Outsourcing (BPO) for Fortune 1000 companies and public sector organizations, including higher education, across the globe. QX Global Group, a Top 100 Business Process Outsourcing company, announced the acquisition of an 80% stake in Austin, Texas-based Chazey Partners, a world-class management consulting and advisory firm specializing in business and digital transformation. The Chazey Partners team brings decades of experience in implementing and operating world-class business support and shared services organizations around the globe, with expertise in Robotic Process Automation (RPA) and Artificial Intelligence (AI). Together, QX and Chazey Partners will work to deliver innovative solutions that cover transformative consulting, digital services, and business process outsourcing, customized to meet each client’s specific needs. “At QX, we have always focused on enabling transformation of our client’s businesses using our unique 3P approach of people, process, and platform, and we are thrilled that the addition of Chazey will allow us to help organizations solve their most significant barrier to growth – digital adoption and business transformation at scale, said Frank Robinson, Group CEO of QX Global Group. “Adding Chazey furthers our vision to provide integrated, end-to-end solutions to help our customers take advantage of the latest operating models and emerging technologies. I am also delighted to officially welcome Phil Searle onto QX Global Group’s Board as Chief Transformation Officer.” Chazey brings to the QX Global Group management consulting and advisory services with a global reach. Founded in 2006, Chazey Partners has demonstrated consistent and significant growth, with global representation in the United States, Canada, Mexico, Brazil, Costa Rica, Colombia, Ireland, Turkey, and India. Chazey’s consultants provide advice, support, and implementation expertise, covering strategy setting, business case production, program management, process optimization, technology enablement, training, and change management. “ Since founding the company, we have significantly expanded and evolved Chazey’s solutions to help numerous businesses and public sector organizations achieve operational excellence by transforming their business operations,’’ said Phil Searle, CEO and Founder of Chazey Partners. ‘’With QX, we have found a shared passion for empowering our clients to achieve world-class performance. By joining forces with QX, we will augment our near-shoring and offshoring capabilities by opening new Centers of Excellence (COEs) in India and Latin America. This is an exciting new chapter for Chazey Partners, our employees, and our customers.” The partnership of both trusted brands comes at a time when enterprises across the globe are adjusting to the post-pandemic world. In this environment, Chazey Partners is at the forefront of offering needed transformation solutions, helping enterprises optimize business operations and adopt the latest technologies for sustained growth. The QX-Chazey partnership will enable all clients to achieve a faster return on investment and add more value to their customers and employees. Barbara Hodge, Global Digital Editor at the Shared Services & Outsourcing Network (SSON), said, “This marks an exciting and timely development in the shared services and outsourcing space. SSON has collaborated with Chazey Partners for many years, and I am pleased to see such a highly respected group in the field of business transformation push forwards in extending its services to provide enterprise customers with the more holistic solutions they need right now. Adding Chazey Partners’ transformation capabilities to QX Global Groups’ BPO services, drives an end-to-end solution that connects consulting, digital and business process outsourcing. This aligns perfectly with the move to integrated business services, digitalization – driven by intelligent automation – and data analytics, that we are seeing across the shared services landscape. It’s also consistent with service providers moving to a ‘one-stop-shop’ solution for business transformation and digital needs. I am delighted at this news and look forward to engaging with the new partnership.” For QX Global Group: Corbett Keeling, London, and J. Sloan & Co, Dallas, Texas, provided corporate finance and transaction advice for QX Global Group; BDO LLP provided Due Diligence support across all entity geographies; legal support was provided by Munsch Hardt Kopf & Harr, P.C. For Chazey Partners: Sett & Lucas acted as transaction advisor, and Jackson Walker LLP provided legal support. About QX Global Group QX Global Group is a leading provider of business process management services. With over 17 years of accounting and recruitment process outsourcing experience, we help our clients unlock business value by improving process efficiencies and automation in the accounting and recruitment functions to enable business transformation. We have offices in the UK, USA, Canada, Australia, and India. About Chazey Partners Chazey Partners is a practitioner-led, global management consulting and advisory services firm. We bring real-life, practical, hands-on experience, empowering clients to strive for world-class performance, through Business Transformation, Shared Services, and Intelligent Automation. We help businesses and public sector organizations achieve operational excellence in the provision of mission-critical business services, including Finance, Human Resources, IT, Procurement, Contact Centers, Marketing, and Facilities Management. For over sixteen years, Chazey Partners has helped clients implement successful service delivery solutions; in the US & Canada, Latin America, Europe, the Middle East, Africa, Oceania, and Asia. Contact Details QX Global Group Vishal Kurani +44 20 8146 0808 vishal.kurani@qxglobalgroup.com Chazey Partners Leigh Knowles +1 855-692-6229 LeighKnowles@chazeypartners.com Company Website https://qxglobalgroup.com/

February 14, 2022 09:55 AM Eastern Standard Time

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Foresight: Eye-Net Selected by Paris2Connect Consortium to Participate in an Urban Mobility Experiment, Consortium Members Include Nokia, ATC France, Aximum, RATP Group and Signify

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net” or “Eye-Net Mobile”), was one of five winners selected by the Paris2Connect consortium to participate in an urban mobility experiment to take place in Paris’ Urban Innovation District. The Paris2Connect consortium includes Nokia (HEL: NOKIA), ATC France (a subsidiary of American Tower Corporation), Aximum, RATP Group, and Signify N.V. (AMS: LIGHT). Eye-Net expects to benefit from testing its solution in an operational environment under real conditions along a 3.5-kilometer route in the heart of Paris. The project will test urban solutions that serve citizens while accelerating the development of innovative solutions for the management of public space. Eye-Net will test its collision prediction solution in real-life conditions which is intended to reduce the risk of accidents between micromobility users and public transport systems. “Eye-Net is honored to have been selected by the Paris2Connect consortium to collaborate with leading European companies to enhance road safety and reduce the rate of road accidents involving vehicles and other vulnerable road users. We believe that Eye-Net offers a unique life-saving accident prevention solution particularly suited to large, active metropolitan areas like Paris. We also believe that having the support of a European technological consortium will help us grow our presence in Europe, an important target market for Eye-Net in the upcoming year,” said Dror Elbaz, COO & Deputy CEO of Eye-Net Mobile. For more information about Eye-Net Mobile, please visit www.eyenet-mobile.com, or follow the Company’s LinkedIn page, Eye-Net Mobile; Twitter, @EyeNetMobile1; and Instagram channel, Eyenetmobile1, the contents of which are not incorporated into this press release. About Paris2Connect Paris2Connect, an innovative project initiated in late 2018 aims to demonstrate how a shared urban digital infrastructure can meet the growing needs of the Smart City, connectivity and autonomous mobility, in an inclusive and environmentally friendly way. Within the framework of this project, the different actors of the consortium (ATC France, Aximum, Nokia (HEL: NOKIA), RATP group, Signify N.V. (AMS: LIGHT)), are working in close collaboration with the City of Paris to respond to the multiple challenges of the city of tomorrow, paving the way for a more virtuous urban future that meets the needs of the community. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses Eye-Net’s participation in an urban mobility experiment, the benefits intended to be realized by the use of the Eye-Net product, that Eye-Net offers a unique life-saving accident prevention solution that is particularly suited to large, active metropolitan areas like Paris, and that the support of a European technological consortium will help Eye-Net grow its presence in Europe, which is an important target market for Eye-Net in the upcoming year. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F filed with the Securities and Exchange Commission ("SEC") on March 30, 2021, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration, sensor fusion and dense 3D point cloud that can be applied to diverse markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

February 10, 2022 09:00 AM Eastern Standard Time

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LanzaJet and Marquis Sustainable Aviation Fuel (SAF) Partner to Build an Integrated Sustainable Fuels Plant in Illinois

LanzaJet

This partnership will utilize carbon capture and sequestration, renewable energy, and other innovative practices to bring lower-cost, low carbon-intensity sustainable aviation fuel, renewable diesel, and other sustainable hydrocarbons to the global market and help accelerate the decarbonization of various industries, including the tough to decarbonize aviation sector. Today, LanzaJet, a sustainable aviation fuel technology provider and producer, has entered into a memorandum of understanding (MOU) with Marquis Sustainable Aviation Fuel (Marquis SAF) to construct a 120 million gallons per year integrated sustainable fuels plant in the U.S. using low-carbon intensity (CI) feedstocks to produce sustainable aviation fuel (SAF) and renewable diesel via the LanzaJet™ Alcohol-to-Jet process. The plant will employ on-site carbon capture and sequestration and renewable energy to produce SAF, resulting in a lifecycle greenhouse gas reduction of more than 70% compared to conventional jet fuel. This first-of-a-kind fully integrated sustainable fuels production facility will be located in the Marquis Industrial Complex in Hennepin, Illinois, just two hours southwest of Chicago, on a 2,500-acre industrial site adjacent to the Illinois River. The facility is strategically positioned for global distribution via direct access to the Illinois River and proximity to vital pipelines to deliver sustainable fuels to Chicago O'Hare International Airport and Chicago Midway International Airport. The Marquis Industrial Complex also connects with a Class I railroad and multiple interstate highways. "We strongly believe in the importance of taking action today to enable the decarbonization of industry, and our partnership with Marquis SAF is a clear example of putting this into practice. We're able to drive deeper GHG reductions in existing biofuel production, ensure a prosperous future for producers and farmers alike, and decarbonize the aviation sector by deploying low-carbon liquid fuels where they will be needed most in the future – and importantly where they will drive the largest climate and air quality benefits when also considering non-CO 2 impacts" said Jimmy Samartzis, LanzaJet CEO. "This demonstrates the opportunity for the U.S. to produce meaningful volumes of sustainable aviation fuel at scale, transitioning feedstocks from the production of traditional biofuels into sustainable aviation fuel. SAF from existing sources alone could replace more than 50% of U.S. fossil jet fuel use. The key is low carbon intensity, where existing infrastructure is paired with carbon capture and sequestration and renewable energy. Marquis is doing exactly this and makes for a great partnership with LanzaJet." Marquis recently announced a plan for the Marquis Industrial Complex to be the world's first carbon-neutral industrial complex with on-site access to carbon injection. "The partnership we now have in place with LanzaJet allows our company to advance low-carbon solutions to address the climate crisis," said Mark Marquis, CEO of Marquis SAF. "LanzaJet's ATJ technology will be fully integrated into our sustainable fuels plant with a focus on producing sustainable aviation fuel and renewable diesel. In addition, we are making investments in carbon capture, corn kernel fiber technology, and utilizing Marquis' proprietary ProCap system for the production of high protein feed and renewable corn oil in this new state-of-the-art facility. This will enable us to lead the decarbonization of the transportation sector in the years to come." The partnership between these two Illinois headquartered companies will allow the Marquis Industrial Complex to lead in the development of sustainable fuels. The fully integrated SAF plant significantly expands the production of sustainable fuels in the U.S and places Illinois at the center of this expansion in building sustainable infrastructure that will help reduce carbon emissions. It serves as an example of the types of commercial plants and scale that can be developed across the U.S. LanzaJet recently announced its first plant in Georgia is expected to enter commercial operations in 2023. That plant will use low-CI, sustainably certified ethanol produced from waste sources and existing energy crops. Production of sustainable fuel made from low carbon intensity corn, in partnership with Marquis, is scheduled to begin engineering in 2022. About LanzaJet, Inc. LanzaJet, Inc. is the world’s alcohol-to-jet technology leader and producer of Sustainable Aviation Fuel (SAF) and Renewable Diesel (RD) from ethanol. LanzaJet’s alcohol-to-jet technology has been in development for more than a decade through a partnership initially between LanzaTech and the US Department of Energy’s Pacific Northwest National Lab (PNNL). PNNL developed a unique catalytic process to upgrade ethanol to alcohol-to-jet synthetic paraffinic kerosene (ATJ-SPK) which LanzaTech took from the laboratory to pilot scale. LanzaJet is now commercially deploying the technology globally. Launched in June 2020, LanzaJet produces SAF and renewable diesel for hard to decarbonize sectors such as transportation including aviation and maritime. With its approach to the commercialization of SAF, LanzaJet creates regional jobs while enabling global decarbonization of the aviation sector. The LanzaJet process can use any source of low CI, sustainable ethanol for fuel production. Investors include LanzaTech, Inc.- the world’s carbon recycling leader and sponsor that spun out LanzaJet, Suncor Energy Inc. - Canada's leading integrated energy company, British Airways - the flag carrier airline of the United Kingdom, Shell – a global energy company, and Mitsui & Co., Ltd – a leading Japanese trading and investment company. Further information is available at www.lanzajet.com. About Marquis Sustainable Aviation Fuel, LLC Marquis has a long history as a family-run company spanning over 47 years and is based out of Hennepin, Illinois. Sustainability is a passion for the Marquis team, and its mission is to be the “World’s Leading Producer of Sustainable Fuels.” Marquis Industrial Complex is situated on the Mt. Simon geological formation, with the capacity to store over 100 million tons of Carbon Dioxide. Marquis also intends on investing in a renewable oil plant to produce low-carbon soybean oil for the production of renewable diesel. Marquis further plans to produce blue hydrogen and blue ammonia to aid in decarbonizing agriculture and future marine transportation. With its best-in-class logistics and global reach Marquis will lead in global decarbonization. Further information is available at www.marquisincorporated.com. Contact Details LanzaJet Daniel Cherrin +1 313-300-0932 dcherrin@northcoaststrategies.com Marquis Sustainable Aviation Fuel Allison Prestegaard +1 815-925-7300 carbon@marquisincorporated.com

February 10, 2022 08:17 AM Eastern Standard Time

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