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Foresight Announces Third Quarter 2023 Financial Results

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), today reported financial results for the three and nine months ended September 30, 2023. Foresight ended the third quarter with $14.2 million in cash, cash equivalents and restricted cash. The Company reported revenues of $304,000, compared to revenues of $203,000 for the third quarter of 2022, reflecting an increase of 50%. The Company reported a U.S. generally accepted accounting principles (GAAP) net loss of $4.2 million and a non-GAAP net loss of $3.8 million for the third quarter of 2023, compared to a GAAP net loss of $5.7 million and a non-GAAP net loss of $5.3 million for the third quarter of 2022, reflecting a decrease of 26% and 28%, respectively. A reconciliation between GAAP net loss and non-GAAP net loss is provided in the financial statements that are part of this release. Third Quarter and Recent Corporate Highlights: Foresight Signs Exclusive Agreement with Elbit Systems to Commercialize Software for Autonomous and Semi-autonomous Defense Systems: In July 2023, Foresight announced an exclusive commercialization agreement with Elbit Systems Land Ltd. ("Elbit") for the integration, marketing, and licensing of Foresight’s image processing software solution. Pursuant to the agreement, Elbit will commercialize Foresight’s software solution, exclusively and globally, in the form of a software license. Foresight began to recognize revenues from the agreement during the third quarter of 2023. The Company expects revenues of up to $4 million over a contractual period of five years, with minimum guaranteed revenues of $1 million over that period. Foresight Partners with Fortune 500 Industrial Equipment Manufacturer for POC Project: In August 2023, Foresight was selected by the Chinese subsidiary of a Fortune 500 company, and of one of the world’s leading manufacturers of industrial equipment, heavy machinery, construction, and mining equipment for a paid proof of concept (POC) project. The subsidiary of the Fortune 500 company selected Foresight's technology over other three-dimensional (3D) perception vision solutions due to its accurate, high-resolution point cloud and all object detection capabilities in harsh weather, environments, and lighting conditions. A successful POC project may lead the industrial equipment manufacturer to integrate Foresight’s technology into its construction and mining trucks. Foresight Signs Agreement with Leading Global Vehicle Manufacturer for Two POC Projects: During the third quarter of 2023, Foresight announced the signing of an agreement for two POC projects with a leading global vehicle manufacturer. The two POC projects will evaluate Foresight’s automatic camera calibration and stereo vision enhancement solutions. The vehicle manufacturer will also assess Foresight’s Mono2Stereo™ perception enhancement solution to be used together with its existing mono cameras which have different fields of view. Upon successful completion of the projects, the vehicle manufacturer may integrate Foresight’s technology into its passenger vehicles. Eye-Net Mobile Announces Collaboration with SoftBank to Introduce Cross-Collision V2X Solution: Eye-Net Mobile Ltd. (“Eye-Net” or "Eye-Net Mobile"), a wholly owned subsidiary of Foresight, announced an agreement for a paid POC project with SoftBank Corp. (“Softbank”), a Japan-based telecommunications and IT operator. The POC project is part of a multiphase work plan which could potentially lead to a commercial deployment of Eye-Net’s solutions in the Japanese market. SoftBank’s multiple business partners include vehicle manufacturers, third-party applications, local authorities, and insurance companies. The POC project aims to validate the integration of Eye-Net’s server-side technology with SoftBank’s multi-access edge computing (MEC) infrastructure. Foresight Announces Multi-Phase Partnership with Leading Global Electric Vehicle (EV) Manufacturer: In September 2023, Foresight announced the signing of a multi-phase cooperation agreement with a leading Chinese original equipment manufacturer (OEM) specializing in EVs, rechargeable batteries and related products. The first phase of the agreement consists of a POC project to evaluate Foresight’s 3D perception capabilities for possible enhancement of the OEM’s current automotive vision solution. Upon successful completion of the POC project, the parties intend to negotiate a definitive commercial agreement for the joint development, integration, and commercialization of Foresight’s technology into the OEM’s automotive vision systems. “Foresight continues to make important strides in both the defense and automotive industries, as demonstrated by our significant milestones recorded during the third quarter,” commented Haim Siboni, chief executive officer of Foresight. “We believe that our global exclusive commercialization agreement with Elbit, one of the world’s leading integrators for the defense industry, demonstrates the exceptional quality of our vision systems for defense applications. This software license agreement has the potential to significantly accelerate the commercialization of our solutions, both for semi and fully autonomous platforms, in the defense, paramilitary and homeland security markets. “We continue to execute our strategy of developing joint projects with leading automotive and OEM manufacturers around the world. We announced multiple new POC projects with global Chinese manufacturers during the third quarter, expanding our presence in this significant market. The third quarter also saw a breakthrough achievement for Eye-Net Mobile, our fully owned subsidiary, as the Company announced a paid POC project with SoftBank, one of Japan’s most important companies. In the fourth quarter of 2023, we expect to build on these successes and enhance our global expansion.” Three months ended September 30, 2023, Financial Results Revenues for the three months ended September 30, 2023, amounted to $304,000, compared to $203,000 for the three months ended September 30, 2022. The revenues were generated primarily from the commercialization agreement of the Company with Elbit and from a successful POC agreement of Eye-Net Mobile with SoftBank for a Cross-Collision prevention V2X solution utilizing 5G MEC. Research and development (R&D) expenses, net for the three months ended September 30, 2023, were $2,886,000 compared to $3,001,000 for the three months ended September 30, 2023. The decrease is mainly attributed to a decrease in expenses relating to subcontractors and consultants in the amount of $72,000. Sales and marketing (S&M) expenses for the three months ended September 30, 2023, were $460,000, compared to $530,000 for the three months ended September 30, 2022. The decrease is mainly attributed to a decrease in payroll and related expenses in the amount of $70,000. General and administrative (G&A) expenses for the three months ended September 30, 2023, were $872,000, compared to $877,000 for the three months ended September 30, 2022. Finance expenses, net for the three months ended September 30, 2023, were $209,000, compared to finance expenses, net of $1,420,000 for the three months ended September 30, 2022. Finance expenses, net for the three months ended September 30, 2023, consisted of finance expenses from the revaluation of the Company’s investment in Rail Vision Ltd. (“Rail Vision”) to its fair value in the amount $31,000, compared to finance expenses from the revaluation of the Company’s investment in Rail Vision to its fair value in the amount $686,000 in the three months ended September 30, 2022, by finance expenses from exchange rate differences in the amount of $354,000, compared to finance expenses from exchange rate differences in the amount of $956,000 in the three months ended September 30, 2022, offset by interest income and other income in the amount of $176,000, compared to interest income and other income in the amount of $222,000 in the three months ended September 30, 2022. The GAAP net loss for the three months ended September 30, 2023, was $4,206,000, or $0.01 per ordinary share, compared to the GAAP net loss of $5,716,000, or $0.02 per ordinary share, for the three months ended September 30, 2022. The non-GAAP net loss for the three months ended September 30, 2023, was $3,781,000, or $0.01 per ordinary share, compared to the non-GAAP net loss of $5,283,000, or $0.02 per ordinary share, for the three months ended September 30, 2022. A reconciliation between GAAP net loss and non-GAAP net loss is provided in the financial statements that are part of this release. Nine months ended September 30, 2023, Financial Results R&D expenses, net for the nine months ended September 30, 2023, were $9,155,000, compared to $8,499,000 in the same period last year. The increase is mainly attributable to an increase in payroll and related expenses in the amount of $607,000. S&M expenses for the nine months ended September 30, 2023, were $1,648,000, compared to $1,759,000 in the same period last year. The decrease is mainly attributable to a decrease in payroll and related expenses in the amount of $158,000, and to a decrease in consultant expenses in the amount of $108,000. G&A expenses for the nine months ended September 30, 2023, were $2,445,000, compared to $2,902,000 in the same period last year. The decrease is mainly attributable to a decrease in professional services in the amount of $208,000 and from a decrease in payroll and related expenses in the amount of $110,000. Finance expenses, net for the nine months ended September 30, 2023, were $1,864,000, compared to $4,939,000 in the same period last year. The decrease is mainly attributable to expenses from the revaluation of the Company’s investment in Rail Vision to its fair value in the amount of $1,575,000 for the nine months ended September 30, 2023, compared to expenses from the revaluation of the Company’s investment in Rail Vision to its fair value in the amount of $3,475,000 in the same period last year, and from exchange rate differences in the amount of $948,000 for the nine months ended September 30, 2023, compared to exchange rate difference in the amount of $1,570,000 in the same period last year. The GAAP net loss for the nine months ended September 30, 2023, was $14,857,000, or $0.05 per ordinary share, compared to the GAAP net loss of $17,856,000, or $0.06 per ordinary share, in the same period last year. The non-GAAP net loss for the nine months ended 2023 was $13,675,000, or $0.04 per ordinary share, compared to the non-GAAP net loss of $16,473,000 or $0.05 per ordinary share, in the same period last year. A reconciliation between the GAAP net loss and the non-GAAP net loss is provided following the financial statements that are part of this release. Balance Sheet Highlights Cash, restricted cash, and short-term deposits totaled $14.2 million as of September 30, 2023, compared to $26.5 million as of December 31, 2022. GAAP shareholders’ equity totaled $15.2 million as of September 30, 2023, compared to $28.8 million as of December 31, 2022. The decrease is mainly attributed to the net loss for the period. The Company maintains an at-the-market facility pursuant to a sales agreement it executed on January 22, 2021. During the three months ended September 30, 2023, the Company utilized sales in the amount of $137,000, net of issuance costs. Use of Non-GAAP Financial Results In addition to disclosing financial results calculated in accordance with United States generally accepted accounting principles (GAAP), the Company’s earnings release contains non-GAAP financial measures of net loss for the period that exclude the effect of stock-based compensation expenses. The Company’s management believes the non-GAAP financial information provided in this release is useful to investors’ understanding and assessment of the Company’s ongoing operations. Management also uses both GAAP and non-GAAP information in evaluating and operating business internally and as such deemed it important to provide all this information to investors. The non-GAAP financial measures disclosed by the Company should not be considered in isolation or as a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should be carefully evaluated. Reconciliations between GAAP measures and non-GAAP measures are provided later in this press release. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. 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 the timing and expected revenues from its exclusive agreement with Elbit, that its successful POC project with the Chinese subsidiary of a Fortune 500 company may lead the industrial equipment manufacturer to integrate Foresight’s technology into its construction and mining trucks, the potential for Eye-Net’s POC project with SoftBank to culminate in the commercial deployment of Eye-Net’s solutions in the Japanese market, its belief that its agreement with Elbit demonstrates the exceptional quality of its vision systems for defense applications, and that its software license agreement has the potential to significantly accelerate the commercialization of its solutions, both for semi and fully autonomous platforms, in the defense, paramilitary and homeland security markets, and that it expects to build on its successes and enhance its global expansion in the fourth quarter of 2023. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Foresight’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 31, 2023, 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. Investor Relations Contact: Miri Segal-Scharia CEO MS-IR LLC msegal@ms-ir.com 917-607-8654 FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW U.S. dollars in thousands SUPPLEMENTAL RECONCILIATION OF GAAP TO NON-GAAP RESULTS U.S. dollars in thousands 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/

November 22, 2023 09:05 AM Eastern Standard Time

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Ilika takes major step forward with Goliath programme

Ilika PLC

Ilika PLC (AIM:IKA, OTCQX:ILIKF) CEO Graeme Purdy speaks to Thomas Warner from Proactive after the innovative battery developer announced the passing of a significant milestone in its Goliath programme. Purdy gives an overview of what's been achieved, noting the transition from lab prototypes to product development. The Goliath programme has reached what the company calls the 'D4 development point', a critical stage where the product design is finalised and prototype products (referred to as P1) are prepared for customer release. Purdy explains the process of transitioning from D4 (development prototypes) to P1 (prototype products), emphasising the production of large batches for consistency and reproducibility. These batches will undergo thorough testing before being shipped to customers with detailed specification sheets next year. The focus on producing reproducible cells means that most of the company's technicians and engineers, along with a subset of scientists, are dedicated to this task, while others continue advancing the roadmap. Reflecting on the year's progress, Purdy expressed satisfaction with the company's on-schedule achievements, particularly the upcoming lithium-ion parity point, indicating equal energy density to standard lithium-ion cells. This milestone is seen as a significant gauge of the technology's maturity. Ilika PLC is set to share more updates and progress in a trading update later in the week. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

November 20, 2023 10:34 AM Eastern Standard Time

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Curb and American Express Expand Partnership This Holiday Season to Celebrate Drivers in Additional Markets

Curb

Curb, the leading taxi solutions provider and ride-hailing app for licensed taxi and for-hire rides in North America, today announced its 2023 holiday rewards program for drivers, in partnership with American Express. As a driver-first organization, Curb recognizes the integral role drivers play in propelling urban mobility forward and is continually identifying new ways to offer greater support and benefits. Aligned with these initiatives, Curb will manage and distribute American Express® gift cards provided by American Express to honor drivers for all their hard work in providing dependable transportation this holiday season and beyond. Curb will distribute the gift cards to a select number of outstanding drivers that use the Curb e-hail platform in New York City, Philadelphia, Washington DC, and Chicago once per month from the end of November to coincide with Small Business Saturday, through the end of April. Given that drivers represent small business owners themselves, Curb will once again be joining American Express’ Small Business Saturday® Corporate Supporter Program to raise additional awareness for supporting small businesses. “We are so proud of this program’s success last year in New York and, together with American Express, are excited to expand into other cities and honor the hard-working drivers who support our busy lives every day,” said Amos Tamam, CEO of Curb. “With this time of the year being one of the most intense for our drivers, we truly appreciate their dedication to excellent service and to going above and beyond for customers.” Launched last year in New York City, the program proved to be highly successful, inspiring drivers to maintain their enduring enthusiasm, which was reflected in continued, strong performance across the Curb platform. “In line with American Express’ continued efforts to support small businesses, partnering with Curb enables us to recognize taxi drivers who provide essential transportation services,” said Tatia Adams Fox, Vice-President and General Manager in the National Client Group at American Express. “We are thrilled to run this program again at a larger scale, reinforcing our commitment to supporting local economies across these vibrant cities.” To learn more about Curb, please visit gocurb.com. About Curb Curb is reimagining urban mobility with a driver-first approach to ride-hailing. Bringing upfront pricing to the largest nationwide network of taxis and licensed for-hire vehicles, Curb provides unparalleled transparency to riders and drivers alike. Curb is connected to over 100,000 drivers in dozens of cities across the US and UK, powering millions of taxi rides worldwide and facilitating billions of dollars in payment transactions annually through its open mobility platform. Curb has built an innovative suite of products that provide a unified supply of taxis and licensed for-hire vehicles - the first of its kind to bring solutions for passengers, drivers, and fleet management. Their B2B services power millions of rides for transit agencies, healthcare providers, and businesses while also providing effortless payments and advertising that reaches captive audiences of millions on Taxi TV. About American Express American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress. Key links to products, services and corporate responsibility information: personal cards, business cards, travel services, gift cards, prepaid cards, merchant services, Accertify, Kabbage, Resy, corporate card, business travel, diversity and inclusion, corporate responsibility and Environmental, Social, and Governance reports. Contact Details N6 Powered by KRMA Zak Hawke +1 717-756-7536 curb@n6krma.com Company Website https://www.gocurb.com/

November 20, 2023 09:00 AM Eastern Standard Time

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AMSC CEO reveals strategic shift and exciting investment opportunities in offshore sector

AMSC ASA

AMSC CEO Pal Magnussen joined Steve Darling from the Proactive studio at the OTC in New York to discuss the company's transition and investment focus. Formerly known as the American Shipping Company, AMSC sold its entire Jones Act tanker business, signalling a shift from being a leasing company to an investment-focused entity. The CEO highlighted the sale and a subsequent special dividend, emphasizing the company's move towards becoming an investment firm. AMSC now aims to explore opportunities beyond traditional shipping, particularly in the offshore sector. Magnussen sees potential in the offshore industry, citing the positive outlook in the offshore oil sector and the emerging offshore wind sector. As the company broadens its investment mandate, Magnussen notes the importance of exposure in the United States, where AMSC has historical ties. The CEO expressed optimism about the industry's response to their strategic shift, noting that the public company status allows for a more diverse range of investment activities compared to the leasing focus. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

November 17, 2023 01:30 PM Eastern Standard Time

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Secure an Exhibit Spot at NAFA 2024 Institute & Expo

NAFA Fleet Management Association

NAFA Fleet Management Association (NAFA), the vehicle fleet industry’s largest membership association, is thrilled to announce that prime exhibit space is available for the 2024 Institute & Expo (I&E), taking place April 22-24 in San Antonio, TX. The I&E Expo Floor draws nearly 600 fleet managers from across the globe with a collective purchasing power of more than $10 billion USD. “Exhibiting at this conference is the gateway to connecting with industry leaders and shaping the future of fleet management,” said Bill Schankel, CAE, CEO of NAFA. “While at I&E, exhibitors have the opportunity to drive the industry forward and showcase their solutions among the best minds and technologies in the field.” NAFA I&E is the industry’s largest gathering of fleet and mobility professionals, with 89% of attendees serving as key decision-makers and authorized purchasers. The three-day event consists of professional development opportunities, networking events, and an outstanding lineup of educational sessions addressing the most pressing issues facing the fleet management industry. In the Expo Hall, exhibitors will have the opportunity to meet face-to-face with corporate fleets in addition to influential fleet managers representing government, utility, and law enforcement fleets. If a company’s goal is to unveil a new product, connect with influential decision-makers, or foster existing relationships, I&E offers the perfect platform to accomplish these objectives. At past events, four in five fleet managers spent three hours or more on the exhibit floor. Returning in 2024, NAFA exhibitors will have the opportunity to present their new products and product launches to I&E attendees at the second annual Innovations Showcase. Participating in the Innovations Showcase helps companies optimize their marketing efforts and stand out to attendees, industry experts and leaders. Exhibitors can learn more about the Innovations Showcase and reserve their spots here. Prospective exhibitors are encouraged to secure their space early to ensure prime placement in the Expo Hall. For more information about reserving an exhibit booth, please visit NAFA’s website. Sponsorship opportunities can be secured here. This year’s current sponsors include Bestpass Inc., FASTER Asset Solutions, Geotab, Holman, Legend Fleet Solutions, Merchants Fleet, Samsara, Stellantis, U.S. Bank Voyager, WEX and Wheels, Inc. NAFA Fleet Management Association is the membership organization for professionals who manage the mobility requirements of vehicle fleets that include commercial, public safety, trucks, and buses of all types and sizes, and a wide range of military and off-road equipment for corporations, governments, universities, utility fleets, and law enforcement in North America and across the globe. NAFA’s members are responsible for the specification, acquisition, maintenance, repair, fueling, risk management, and remarketing of more than 4.8 million vehicles that drive an estimated 84 billion miles each year. NAFA’s members control assets and services well above $122 billion each year.For more information, please visit www.nafa.org, and communicate with NAFA on LinkedIn, Facebook, and X. Contact Details Keaveny Hewitt +1 919-622-5276 khewitt@onwrdupwrd.com Company Website https://www.nafa.org/

November 16, 2023 01:00 PM Eastern Standard Time

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Macao Poised to Woo Global Travelers with Knockout Events and Streamlined Traffic Facilities

Macao Government Tourism Office (MGTO)

MACAO SAR - Media OutReach - 15 November 2023 - Macao, the top vibrant and dynamic Asian city, is thrilled to once again welcome travellers worldwide with a series of fabulous activities. With a rich selection of exciting events and the highly anticipated 70 th Macau Grand Prix, Macao targets to curate an unparalleled travel experience. The Macao Government Tourism Office (“MGTO”) is also delighted to emphasize the city’s unique charm and convenience by highlighting the new intermodal bonded bus service between Macao and Hong Kong International Airport (“HKIA”). Macao is among the frontrunners of tourist destinations eagerly refreshing their touristic landscapes with upgraded tour packages. Many captivating events, including the highly anticipated Macau Food Festival and the awe-inspiring Light Up Macao 2023, usher global travellers with dazzling festivals and attractive performances. The eye-catching Macau Grand Prix resumes at the racing track The highlight of this year’s events is the much-awaited Macau Grand Prix. Revving up the excitement, this grand occasion just ignited this past weekend and will continue from 16 th to 19 th, captivating racing enthusiasts globally. As the only street circuit racing event for cars and motorcycles, Macau Grand Prix showcases exhilarating races featuring world-class drivers on its iconic Guia Circuit. It epitomizes Macao’s commitment to delivering unforgettable experiences to visitors and contestants. Streamlined traffic facilities to connect travellers and Macao in no time A new intermodal bonded bus service has been launched from HKIA to Macao. Established in the restricted area in HKIA, one of the world’s busiest airports, this service eliminates the nuisance of multiple transfers and provides a seamless and hassle-free travel experience. Passengers can board a direct bus to Macao, where luggage check-in and security procedures are handled in one go. With time and effort saved, passengers can enjoy the scenic route as they embark on their Macao adventure. Macao is also pleased to announce a new direct flight route between Macao and Jakarta to be commenced very soon. It aims to strengthen the bond and offer travellers from Jakarta the ease to experience Macao. Macao sincerely invites travellers worldwide to rediscover its magic. With world-class events, cultural heritage, delectable cuisine, and convenient traffic, Macao promises an extraordinary destination for travellers from far and wide. About Macao Government Tourism Office (MGTO) MGTO is responsible for implementing, analyzing, and assisting in formulating the tourism policies of the Macao SAR to enhance its reputation as a quality destination. Together with local trade, MGTO promotes local tourism products and services in the leading and emerging tourism markets, meanwhile evaluating and exploring potential markets. The Office works to strengthen its connections with overseas travel trade as well as regional and international tourism organizations to boost Macao’s tourism development. For more information, please visit: https://www.macaotourism.gov.mo/en/ Facebook: https://www.facebook.com/stopovermacao Instagram: @makmakmacao Contact Details Sandy Ip sandy.ip@vs-media.com

November 15, 2023 09:30 AM Eastern Standard Time

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Electric Air Travel Might Be Coming Sooner Than You Think

MarketJar

Imagine hopping on an electric commuter airplane at a smaller, convenient airport near your home in San Francisco and flying straight to Sacramento in around 20 minutes, instead of battling traffic for over 100 miles for up to two hours. Sounds like a dream, doesn’t it? Well, it turns out that the electric energy transition in the aviation space could be here much sooner than you think and it’s going to be big. As electric aircraft developers prepare for takeoff, some airports are planning ahead to meet the changing needs from the industry. Cleveland Hopkins International Airport is initiating plans to revamp its half-century-old airport with the future in mind, including plenty of electric-charging stations for both aircraft and cars. It may also include space for vertically taking off and landing aircraft and revamped airfield and terminal areas to accommodate smaller, electric-powered vehicles. Baiju Shah, President and CEO of the Greater Cleveland Partnership, emphasizes the importance of forward-thinking: "I think it’s critical for us to look into the future, understand the trends and technology and use that to inform the design." Cleveland Hopkins is currently in the early stages of planning a $2 billion overhaul of its aging terminal with plans to start construction in 2025. While Joby Aviation, a pioneer in electric aircraft, plans to build its first manufacturing plant in Southwest Ohio, other companies are actively developing small, electric-powered regional jets set to carry 30 passengers on short trips of 250 miles or more. The aviation landscape is poised for a transformation similar to the impact electric cars have had on ground transportation. Kevin Burke, President and CEO of Airports Council International-North America, remarks, "This is not the Jetsons, but we’re getting closer to it." Key considerations for airports preparing for an electric aircraft future include accommodating the substantial power demand of these vehicles, adjusting for smaller regional aircraft, and securing approval from regulatory bodies like the Federal Aviation Administration. Progress is already underway, with some experts predicting the presence of electric air taxis in the skies by 2025. The motivation behind this innovation extends beyond convenience, aiming to address the environmental impact of traditional air travel. The shift to electric aviation may take time, but the potential benefits include quieter flights, reduced maintenance costs, and overall lower operational expenses. While the complete electrification of long-distance aircraft might be decades away, airlines are already making strides in introducing smaller electric planes. Surf Air Mobility Inc. (NYSE:SRFM), a leading US regional air mobility platform and the largest commuter airline in the US by scheduled departures, is at the forefront of revolutionizing regional air travel by leveraging electrification and upgrading existing aircraft to substantially reduce the cost and environmental impact of air travel. Surf Air Mobility plans to deploy both electric and hybrid-electric aircraft across its network by upgrading existing aircraft with new engines opposed to developing new electric airplanes from the ground up. With its hybrid electric aircraft, the company can accelerate time to market because it won't need large investments into charging infrastructure to start flying like its fully-electric counterparts. Transforming Regional Air Travel through Electrification In pursuit of this vision, Surf Air is collaborating with commercial partners to develop electrified powertrain technology, aiming to retrofit existing fleets with electric propulsion and introduce electric aircraft on a large scale to the market. The company's leadership team, possessing extensive expertise in aviation, electrification, and consumer technology, is steering this ambitious initiative. Surf Air Mobility Inc. (NYSE:SRFM) plans to utilize regional airports, 5,000 of which are significantly underused, fostering shared private and commercial-like air services with small turboprop planes. With plans to expand across 30 regional networks, the company leverages its tech-enabled regional air mobility platform, enhancing accessibility to existing aircraft and pilot assets in the marketplace. Following its debut on the public market, Surf Air Mobility announced an exclusive partnership with Textron Aviation Inc., a subsidiary of Textron Inc. This strategic collaboration includes an order for 100 Cessna Grand Caravan EX aircraft. Deliveries of the initial 20 Cessna aircraft are scheduled to commence in the first half of 2024. These planes will undergo conversion to incorporate Surf Air Mobility 's proprietary electric or hybrid-electric powertrain technology. Surf Air Mobility aims to democratize access to electrified aircraft for both new and existing operators, intending to offer customers the advantages of cost-effective, low-emission air travel on a large scale. Additionally, the company will be the exclusive provider of certain battery electric and hybrid electric powertrain technology for the Cessna Grand Caravan to Textron Aviation. Surf Air Mobility plans to deploy both electric and hybrid-electric Cessna Grand Caravan aircraft across its network, facilitating direct short-haul services to connect more airports. Simultaneously, the company aspires to establish a regional mass transport platform that fosters sustainable connectivity among communities throughout the US. The anticipated benefits of the new electrified architecture include a substantial reduction in direct operating costs, with targets ranging from up to 25% to 50%, and a significant decrease in direct carbon emissions, with targets ranging from up to 50% to 100%, all while maintaining performance levels similar to the current models. Importantly, these aircraft have the potential to be operational at over 5,000 public-use airports across the US, with no need for charging stations in the case of hybrid-electric powertrain versions. Indeed, the dawn of the electric aircraft transition is coming and Surf Air Mobility are gearing up to fuel the evolution with greener, more affordable travel. Click on this link or check this investor presentation for more insights into Surf Air Mobility Inc. (NYSE:SRFM). Disclosure: 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Surf Air Mobility Inc. Market Jar Media Inc. has or expects to receive from Surf Air Mobility Inc..’s Digital Marketing Agency of Record (Native Ads Inc.) thirty-two thousand, eight hundred and ten USD for 36 days (26 business days). 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on PressReach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on PressReach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Surf Air Mobility Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Surf Air Mobility Inc.’s industry; (b) market opportunity; (c) Surf Air Mobility Inc.’s business plans and strategies; (d) services that Surf Air Mobility Inc. intends to offer; (e) Surf Air Mobility Inc.’s milestone projections and targets; (f) Surf Air Mobility Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Surf Air Mobility Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Surf Air Mobility Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Surf Air Mobility Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Surf Air Mobility Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) Surf Air Mobility Inc.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Surf Air Mobility Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Surf Air Mobility Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Surf Air Mobility Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Surf Air Mobility Inc.’s business operations (e) Surf Air Mobility Inc. may be unable to implement its growth strategy; and (f) increased competition.Except as required by law, Surf Air Mobility Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Surf Air Mobility Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Surf Air Mobility Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Surf Air Mobility Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Surf Air Mobility Inc. or such entities and are not necessarily indicative of future performance of Surf Air Mobility Inc. or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

November 15, 2023 09:00 AM Eastern Standard Time

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Minuteman Press Franchise Owner Sherri Winslow Reflects on Over 20 Years in Palm Desert, CA and Joins President’s Club

Minuteman Press International Inc

Sherri Winslow is the owner of the Minuteman Press franchise in Palm Desert, CA since April of 2002. When her husband suddenly passed away in 2012, Sherri made the difficult decision to carry on as she took a more prominent role in the business as the sole owner and operator. Since then, Sherri has continued to build her business and in 2023 she was honored and acknowledged as one of the newest members of the Minuteman Press President’s Club. As she reflects on her accomplishments, Sherri shares her thoughts on 20-plus years and joining the President’s Club, keys to success and longevity, advice to others, and more. Celebrating 20 Years + Joining Minuteman Press President’s Club In 2022, Sherri celebrated 20 years of business ownership for Minuteman Press in Palm Desert. Today, in 2023, Sherri is now recognized as a member of the Minuteman Press International President’s Club for achieving yearly gross sales of over $1 million in 2022. Sherri shares, “Reflecting on our 20 years in business makes me realize that we were fortunate to partner with a good franchisor. Very few small businesses were able to make it through this period without a strong management and operational program to follow. That along with proper training and support from people that have been in the print business have made a huge impact. We will always be thankful for this.” She continues, “In 2023, I was proud to join the Minuteman Press International President’s Club. We have had fairly steady growth over the past 20 years. We started out making $19,000 in our first month after buying an existing business. In 2012, I lost my husband and I personally went from part-time to being the boss. My staff and Minuteman Press local support led by RVP Dan Byers helped me through one of the most difficult times in my life. It was a very foggy year but we made it. In the past few years, we were getting close to the $1 million milestone and we set that as our goal last year. My staff and I worked very hard to make sure we reached that goal. A lot of hard work and determination helped us get there.” When asked about her keys to success and growth, Sherri says, “Our longevity and success is primarily due to our staff and customer service. We have had many referrals through the years without asking. Now that we have been through the last training session, we plan to start asking for referrals through different channels. Other contributing factors to our success are related to our direct & internet marketing along with expanding our services & products over the years. We added wide format in the beginning, then signage, direct mail, and blueprints.” Sherri continues, “There are two other areas worth mentioning that I feel have been successful for us. The first has to do with Google Reviews, which has been a point of focus at regional meetings. At one meeting before the pandemic hit, there were around 50 people in attendance from many franchises in Southern California. We talked about how important Google Reviews are. We shared materials used to get reviews and it really blossomed here. I get a lot of new customers because they did a search and noticed how many good reviews we have.” She further shares, “Next is having good storefront and building signage. My shop is on the main highway that people travel from one end of the valley to the other. You can’t miss my shop because we went big and bold with the signage. I would do more, but the local laws don’t allow it. People always tell me they find me from our signage.” Printing Industry & Community/Franchise Support Sherri shares her insights on the printing industry today, saying, “Printing remains vital to businesses today because it provides a connection that stays with the consumer as opposed to the internet or email. Your printed materials end up in someone’s hand, which can make that lasting impression. How many people swipe left or delete emails without reading them? They will always take the time to look at a business card, postcard or holiday card that they receive.” In Palm Desert, Sherry says, “We are a small set of cities that hold large events and conventions. This brings an increase to our population that is about triple the amount during certain months of the year. Thanks to our community, our key growth areas have included signage, blueprints, convention printing and direct mail.” She adds, “We would not be where we are today without the local franchise support, training and the IT department that Minuteman Press International provides. We owe a lot of our success to this.” Rewards & Advice for Others As she looks back on over 20 years and reflects on the rewards of owning a business, Sherri says, “I would say my biggest personal reward is that I have been able to achieve everything that I have wanted to in my life. I can’t really ask for more personally except for time. My biggest professional reward has been reaching that $1 million goal and making the Minuteman Press President’s Club.” As for what advice she would give to others, Sherri shares, “Make sure you are active with the quote process and follow-up. Understand the difference between shoppers (who are getting 3 quotes from various vendors) and buyers. I recommend you give the customer a day to digest the quote they received, then follow up and make sure you answer their questions. Lastly, make sure you let them know you want to meet their price point or their budget constraints if you do… Again, the difference between a shopper and a buyer will make the difference on whether you will want to meet their budget constraints.” Minuteman Press in Palm Desert is located at 73-660 Highway 111, Palm Desert, CA 92260. For more information, visit their website: https://minuteman.com/us/locations/ca/palm-desert/ Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

November 14, 2023 10:00 AM Eastern Standard Time

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NAFA Opens Registration for Annual 2024 Institute & Expo

NAFA Fleet Management Association

NAFA Fleet Management Association (NAFA), the vehicle fleet industry’s largest membership association, is pleased to announce that registration is open for NAFA 2024 Institute & Expo (I&E). This conference is the industry’s largest gathering of fleet and mobility professionals, convening April 22-24, in San Antonio, TX. Attendees can now register at www.nafainstitute.org. Spanning three days, NAFA I&E is the industry’s leading fleet event, attracting fleet professionals representing various sectors including corporate, government, public safety, utility, education, and more. I&E offers a blend of education, impactful conversations, networking opportunities, and products and services from the industry’s leading suppliers. “NAFA I&E is not just a gathering of fleet professionals, but a confluence of innovation, inspiration, and industry transformation,” said Bill Schankel, CAE, NAFA CEO. “In these halls, we don’t just discuss the future of fleet management – we shape it.” Nearly 2,000 fleet and mobility professionals attended NAFA 2023 I&E. NAFA is excited to welcome even more industry professionals to this year’s I&E, which is centered around the theme of “New Frontiers. Big Possibilities.” This theme encapsulates the many new frontiers that are impacting the industry, like autonomous vehicles and EVs, while providing BIG opportunities for the industry. The I&E agenda includes over 35 hours of education sessions, state of the art exhibits, unparalleled networking and relationship building opportunities, specialty learning offerings and the chance to interact with hundreds of innovative product solutions from the Expo Floor. Here’s a closer look at what attendees will experience throughout I&E 2024: NAFA’s second annual Innovations Showcase, invites attendees into an interactive innovation zone on the Expo floor where they can explore the exciting new products and product updates being launched by exhibiting companies. A Vehicle Ride & Drive, powered by Bobit, in which attendees can experience the latest models, electric and alternative fuel vehicles, and cutting-edge technologies behind the wheel. CAFM Live, slated for April 21-24, this program will cover all eight Certified Automotive Fleet Manager (CAFM) certification modules and allows attendees to accelerate preparation for the CAFM exam. Three informative Pre-Conference Events, providing attendees the ability to dive into concentrated topics: Sustainable Fleet Management, Asset Management, and the Leadership Development. Over 35+ hours of education sessions, focused on the following education tracks: Emerging Technologies Law Enforcement Leadership Operations Management Strategy Sustainability View the full NAFA 2024 I&E preliminary program here. More information on the lineup of educational sessions and speakers will be released leading up to the event. Prospective exhibitors are encouraged to secure their space early to ensure prime placement in the Expo Hall. For more information about reserving an exhibit booth, please visit NAFA’s website. Sponsorship opportunities can be secured here. This year’s current sponsors include Bestpass Inc., FASTER Asset Solutions, Geotab, Holman, Legend Fleet Solutions, Merchants Fleet, Samsara, Stellantis, U.S. Bank Voyager, WEX and Wheels, Inc. NAFA Fleet Management Association is the membership organization for professionals who manage the mobility requirements of vehicle fleets that include commercial, public safety, trucks, and buses of all types and sizes, and a wide range of military and off-road equipment for corporations, governments, universities, utility fleets, and law enforcement in North America and across the globe. NAFA’s members are responsible for the specification, acquisition, maintenance, repair, fueling, risk management, and remarketing of more than 4.8 million vehicles that drive an estimated 84 billion miles each year. NAFA’s members control assets and services well above $122 billion each year. For more information, please visit www.nafa.org, and communicate with NAFA on LinkedIn, Facebook, and X. Contact Details Keaveny Hewitt +1 919-622-5276 khewitt@onwrdupwrd.com Company Website https://www.nafa.org/

November 14, 2023 10:00 AM Eastern Standard Time

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