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A New Way To Fly – Combining The Best Of A Helicopter And An Airplane

Benzinga

By Johnny Rice, Benzinga Brandon Robinson, CEO of New Horizon Aircraft Ltd (NASDAQ: HOVR), was recently a guest on Benzinga’s All-Access. New Horizon Aircraft is an advanced aerospace engineering company that reports it is developing one of the world’s first hybrid electric vertical take-off and landing (eVTOL) aircraft that is to be able to fly most of its mission exactly like a normal aircraft while offering industry-leading speed, range and operational utility. The company’s unique designs put the mission first and prioritize safety, performance and utility. Watch the full interview here: Featured photo by Cristian Grecu on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 07, 2024 08:25 AM Eastern Daylight Time

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NAFA Opens Registration for Annual 2025 Institute & Expo

NAFA Fleet Management Association

NAFA Fleet Management Association (NAFA), the vehicle fleet industry’s largest membership association, is pleased to announce registration and housing are now open for the 2025 Institute & Expo (I&E). The premier fleet management event will take place April 28-30, 2025, in Long Beach, California, at the Long Beach Convention Center. Attendees can now register and book their accommodations at nafainstitute.org. NAFA’s 2025 I&E is set to bring together thousands of fleet professionals, representing corporate, government, public safety, utility, education fleets, and more. This year’s theme, “Propel Your Fleet,” highlights the event’s focus on innovation, sustainability and preparing fleets for the future in an ever-evolving industry. “NAFA’s Institute & Expo is the fleet management event of the year, offering unmatched opportunities for professional development, networking and exploring the latest products and technologies in fleet management,” said Bill Schankel, CAE, CEO of NAFA. Mike Camnetar, CAFM, NAFA Board President commented, “NAFA is excited to welcome attendees to Long Beach for I&E 2025, where fleet professionals will have the opportunity to gain the insights and tools they need to stay ahead of industry changes and drive their organizations toward success.” The I&E 2025 agenda is packed with opportunities for fleet professionals to stay ahead of the curve in a rapidly evolving industry. This year's event will feature more than 40 educational sessions covering a wide range of topics, including Emerging Technologies, Law Enforcement, Leadership, New to Fleet, Operations Management, Safety, Strategy, Sustainability and more. Attendees will also have the chance to engage in an Industry Update with a leading OEM, connect with peers, discover the latest fleet innovations, and participate in hands-on learning experiences. Key highlights of I&E 2025 include: Exhibit Hall: Discover the latest in fleet products and solutions from more than 200 exhibitors, showcasing innovations that can propel fleet operations forward. Indoor & Outdoor Ride & Drive Experiences, powered by Bobit: Get behind the wheel to interact with the latest vehicles. The Indoor EV Ride & Drive will take place in the Exhibit Hall, and the Outdoor Ride & Drive will occur on April 30, allowing attendees to experience advanced vehicle technologies up close. NAFA’s third annual Innovations Showcase: An interactive zone in the Exhibit Hall where attendees can explore cutting-edge products and vote for the People’s Choice award. Pre-Conference Events: Workshop-style sessions kicking off April 27, offering deep dives into fleet management’s most pressing topics: Maintenance Management, Sustainable Fleet Management and Driving Safety with Behavioral Science. Technician Training Program: A specialized program for technicians and service professionals. CAFM Live: A live instruction program running April 27-30, designed to help fleet professionals accelerate their progress toward becoming Certified Automotive Fleet Managers (CAFM). Crowning of the 100 Best Fleets in the Americas: Celebrating industry excellence and leadership, the top-performing public and commercial fleet operations, as well as the Fleet Professional and Fleet Technician of the Year, will be named. These features, combined with extensive networking opportunities and the industry’s largest Exhibit Hall, make I&E 2025 an essential event for fleet professionals. View the I&E preliminary program. Early bird registration is available through January 2025. 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 Exhibit Hall. For more information about reserving an exhibit booth, please visit NAFA’s website. Sponsorship opportunities can be secured here. 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/

October 01, 2024 11:23 AM Eastern Daylight Time

Canoo’s Oklahoma Plant Becomes First Automotive Foreign-Trade Zone In The State, Cutting Red Tape And Reducing Fees

Benzinga

By Meg Flippin, Benzinga Canoo Inc. (NASDAQ: GOEV), the high-tech advanced mobility company churning out fully electric lifestyle vehicles, just got the final nod from the U.S. Customs and Border Protection (CBP) for its Oklahoma City operations to become the first automotive Foreign-Trade Zone in the state. Foreign-Trade Zones (FTZs) are specially designated sites close to U.S. ports that importers and exporters use to move goods in and out of the country. Companies operating in FTZs pay reduced or zero duties, taxes or fees. FTZs help U.S. companies to compete better on the global stage by streamlining logistics, minimizing regulatory hurdles and better controlling inventory. Perks offered for being In Oklahoma City’s FTZ include duty elimination on previously imported material, materials that are re-exported, rejected, scrapped, wasted or return-to-vendor imported material and sales of imported materials or finished products containing imported components to companies operating in other U.S. FTZs. Duties are deferred for manufacturing in the U.S. and selling domestically. Other perks include just-in-time delivery, quotas and reduced customs delays, as well as the ability to hold merchandise in a foreign-trade zone indefinitely. Canoo Bolsters Oklahoma Plant Canoo’s Oklahoma plant, which the company opened last April, occupies close to 500,000 square feet, with the ability to expand, and can employ over 500 people at capacity! Canoo recently added to the Oklahoma plant’s occupancy by migrating its engineering workforce from California to the state. Canoo said one of the main reasons for the move to Oklahoma is to have engineering and manufacturing under one roof. The company said the strategic decision will “drive operational efficiencies and foster greater collaboration as Canoo continues to meet goals towards its step level ramp manufacturing.” That’s becoming a reality thanks in part to its two tranches of new or like-new advanced manufacturing assets, formerly owned by Arrival Automotive UK Limited, at its facility in Oklahoma City. The received assets will bolster in-house processes and enable higher cabin line production volumes in 2025, the company said. “We thank Oklahoma City Customs Port Director Pequano and the Dallas U.S. Customs and Border Protection Area Port office for the work, support and direction for the activation approval. It's great to get this milestone completed as it's part of a larger strategy with more to come,” said Tony Aquila, Investor, Executive Chairman and CEO of Canoo. The company said the FTZ is a big deal toward “harmonizing” its supply chain and protecting it from the whims of other countries. Being in the FTZ also provides stability against a tariff landscape that has the potential to change in 2025. Reimaging Fully Electric Vehicles Canoo makes a suite of fully electric delivery vehicles (LDVs) that are built on a modular design. The modular electric platform is designed to maximize vehicle interior space, enabling it to be customizable across owners and applications. With a robust lineup of electric LDVs, including delivery vehicles, pickup and lifestyle vehicle (LV), Canoo is attempting to do to the commercial transportation market what Tesla (NASDAQ: TSLA) did to the consumer EV market with its lineup of sedans, SUV and truck. It doesn’t hurt that Canoo makes its LDVs with what it says are eco-friendly materials with the smallest footprint. Canoo’s delivery vehicles are designed to be modular, built for global roads and a variety of commercial uses. Canoo is focused on driving value for fleets by reducing total cost of ownership and maximizing utilization through software solutions and customized upfitting. It also sticks to a clean, minimalist shape that has gotten recognition, most recently receiving several Red Dot Design Awards. The Red Dot Award is an annual international competition recognizing excellence in design and among the world’s largest design competitions, validating Canoo’s approach to design. Learn more about Canoo Inc. by checking out its investors website here. Featured photo courtesy of Canoo. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 01, 2024 09:25 AM Eastern Daylight Time

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News Release

BestGrowthStocks.Com Issues a Comprehensive Analysis of Luminar Technologies and Proposed Trade Restrictions

Luminar Technologies (LAZR)

NEW YORK, NY / NewsDirect / September 27th, 2024 / Best Growth Stocks, a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing exclusive ai-assisted research recently issued an in-depth analysis of Luminar Technologies Inc. a leading global automotive technology company. Luminar Technologies Inc. (NASDAQ: LAZR) has garnered significant investor attention following the announcement of potential trade protections. Best Growth Stock's full report offers an in-depth analysis of Luminar’s operations, details of the recently proposed trade restrictions, competition, potential catalysts, growth drivers, financials, key customers, and more. Access this full analysis free here: https://bestgrowthstocks.com/access-lazr-analysis/ About Luminar Luminar is a global automotive technology company ushering in a new era of vehicle safety and autonomy. For the past decade, Luminar has built an advanced hardware and software/AI platform to enable its over 50 industry partners, including most global automotive OEMs. From consumer vehicle programs with Volvo Cars and Mercedes-Benz to technology partnerships including NVIDIA and Mobileye, Luminar is poised to be the first automotive technology company to enable next-generation safety and autonomous capabilities for global production vehicles. For more information, please visit www.luminartech.com. About Best Growth Stocks Best Growth Stocks is a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing our exclusive ai-assisted research. BGS is also a financial news provider, focused on giving investors direct access to CEOs of promising, publicly-traded companies, and market experts. Our CEO interviews aim to answer the questions that rest on the minds of current and future shareholders. This is not to be construed as financial advice. Please consult with a licensed financial advisor before making any investment decisions. Media Contact Best Growth Stocks Senior Editor: Steve Macalbry Editor@BestGrowthStocks.Com SOURCE: BestGrowthStocks.Com Contact Details Media Source LLC Steve Macalbry +1 989-274-7778 editor@bestgrowthstocks.com Company Website https://bestgrowthstocks.com/

September 27, 2024 07:00 AM Eastern Daylight Time

DB Schenker collaborates with Microsoft Cloud Logistics on low carbon intercontinental transportation and sustainable logistics

DB Schenker

DB Schenker is collaborating with Microsoft Cloud Logistics for the use of Sustainable Aviation Fuel (SAF) and Sustainable Marine Fuel (SMF), highlighting their collective ambition to comprehensively reduce the environmental footprint of their transportation practices. This pivotal effort also includes building best-in-class logistics warehouses and implementing alternative energy trucks. It signifies an important step towards reducing the carbon emissions associated with their logistics operations (Scope 3) compared to transportation associated with conventional fossil-based fuels and thus supports their overarching environmental sustainability goals. Jochen Thewes, CEO of DB Schenker: “Microsoft and DB Schenker, that’s two global leaders united to reduce emissions in transportation and logistics. Our cooperation is expected to demonstrate that significant CO 2 e-savings are feasible already in today’s intercontinental supply chains. The upgrade of the Netherlands warehouse to BREEAM Excellent status and the Illinois, United States SuperHub receiving the LEED Platinum Certification are prime examples of our dedication to paving the way for more sustainable and innovative logistics solutions.” Cliff Henson, CVP of Microsoft Cloud Supply Chain: “Microsoft Cloud Logistics is committed to leading the way in sustainable logistics. Our collaboration with DB Schenker has enabled the development of cutting-edge sustainable warehouses along with innovative fuel strategies across all modes of freight, exemplifying our dedication to setting industry standards in the logistics environmental sustainability arena. These efforts mark a significant step forward in our efforts to reduce our environmental impacts in line with Microsoft’s 2030 sustainability commitments.” Sustainable Aviation and Maritime Fuels will be procured by DB Schenker and allocated to Microsoft Cloud Logistics’ inbound Air and Ocean shipments, and is anticipated to result in a reduction of at least 15.000 t of CO 2 e-emissions per year. In March 2024, DB Schenker also implemented the use of Hydrogenated Vegetable Oil (HVO or Renewable Diesel) for all ocean shipments traveling from California to Texas. In addition, DB Schenker has extended its environmental sustainability efforts with Microsoft Cloud to land transport in Europe and North America with HVO100 fueling stations and electric vehicles. Furthermore, advanced logistics warehouses, designed to streamline operations and enhance network efficiency while minimizing environmental impact using renewable energies, are at the heart of DB Schenker and Microsoft Cloud’s collaborative efforts. DB Schenker and Microsoft Cloud Logistics’ facility in Illinois, United States achieved LEED Platinum-certification, which is the highest level of certification granted by the U.S. Green Building Council and demonstrates DB Schenker's leadership in environmental and community stewardship. In addition to the SuperHub in the United States, Microsoft Cloud Logistics’ Netherlands warehouse carries the BREEAM Certificate Level “Excellent,” thus ensuring these warehouses meet high standards of energy efficiency, minimizing environmental impact, and enhancing occupant well-being. About DB Schenker With around 72,700 employees at more than 1,850 locations in over 130 countries, DB Schenker is one of the world’s leading logistics service providers. The company operates land, air, and ocean transportation services, and it also offers comprehensive logistics and global supply chain management solutions from a single source. Aiming for a sustainable future of the logistics industry, DB Schenker continuously invests in innovative transport solutions, renewable energies, and low-emission products for its customers. Blog.dbschenker.com Contact Details Nicholas Leighton nick.leighton@nettresultsLLC.com Company Website https://www.dbschenker.com

September 26, 2024 08:00 AM Eastern Daylight Time

News Release

BestGrowthStocks.Com Issues a Comprehensive Analysis of Kaival Brands Merger with Global Logistics Provider Delta Corporation

Kaival Brands Innovations Group Inc (KAVL)

NEW YORK, NY / NewsDirect / September 25th, 2024 / Best Growth Stocks, a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing exclusive ai-assisted research recently issued an in-depth analysis of Kaival Brands Merger with Global Logistics Provider Delta Corp. Holdings Limited. Kaival Brands Innovations Group Inc. (NASDAQ: KAVL) has garnered significant investor attention following this transformational merger announcement with Delta. Best Growth Stock's full report offers an in-depth analysis of Delta and Kaival's operations, competitive advantages, potential catalysts, growth drivers, financials, and more. Access this full analysis free here: https://bestgrowthstocks.com/access-kaival-delta-merger-analysis/ About Kaival Brands Based in Grant-Valkaria, Florida, Kaival Brands is a company focused on incubating and commercializing innovative products into mature and dominant brands, with a current focus on the distribution of electronic nicotine delivery systems (ENDS) also known as “e-cigarettes” for use by customers 21 years and older. Our business plan is to seek to diversify into distributing other nicotine and non-nicotine delivery system products (including those related to hemp-derived cannabidiol (known as CBD) products). Kaival Brands and Philip Morris Products S.A. (via sublicense from Kaival Brands) are the exclusive global distributors of all products manufactured by Bidi Vapor LLC. Based in Melbourne, Florida, Bidi Vapor maintains a commitment to responsible, adult-focused marketing, supporting age-verification standards and sustainability through its BIDI® Cares recycling program. Bidi Vapor's premier device, the BIDI® Stick, which is distributed exclusively by Kaival Brands, is a premium product made with high-quality components, a UL-certified battery and technology designed to deliver a consistent vaping experience for adult smokers 21 and over. Learn more about Kaival Brands at https://ir.kaivalbrands.com/overview/default.aspx. About Delta Delta Corp Holdings Limited is a fully integrated global enterprise engaged in logistics, fuel supply, and asset management services, primarily supporting the international supply chains of commodity, energy, and capital goods producers. With its headquarters in London, Delta operates through three main segments: Bulk Logistics, Energy Logistics, and Asset Management. The company also maintains executive offices in Dubai and New York, and boasts a significant commercial presence in Singapore, Rotterdam, New Delhi, and Mumbai. For more information, please see Delta’s website at www.wearedelta.com. About Best Growth Stocks Best Growth Stocks is a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing our exclusive ai-assisted research. BGS is also a financial news provider, focused on giving investors direct access to CEOs of promising, publicly-traded companies, and market experts. Our CEO interviews aim to answer the questions that rest on the minds of current and future shareholders. This is not to be construed as financial advice. Please consult with a licensed financial advisor before making any investment decisions. Media Contact Best Growth Stocks Senior Editor: Steve Macalbry Editor@BestGrowthStocks.Com SOURCE: BestGrowthStocks.Com Contact Details Media Source LLC Steve Macalbry +1 989-274-7778 editor@bestgrowthstocks.com Company Website https://bestgrowthstocks.com/

September 25, 2024 07:00 AM Eastern Daylight Time

How Canoo's Flexible, Award-Winning Electric Vans Are Helping Reshape Commercial And Government Fleets

Benzinga

By Meg Flippin, Benzinga Learn more about Canoo Inc. by checking out its Investor Relations Website. From delivery vans that have driver-side storage, built-in removal tools and hanging storage to pickup trucks with fold-down workspaces, hidden storage and expandable cargo space, Canoo Inc. (NASDAQ: GOEV) is reimagining the transportation market with its suite of fully-electric lifestyle delivery vehicles (LDVs) and democratized battery power solutions. Justin, Texas-based Canoo (with its main manufacturing in Oklahoma City and battery module manufacturing in Pryor, Oklahoma) is bringing electric vehicles, namely delivery vehicles in the Class 1 and 2 categories, to large commercial and government fleets via a proprietary modular electric platform designed to maximize vehicle interior space, enabling it to be customizable across owners and applications. The company offers a lineup of electric delivery vehicles targeting smaller more flexible uses, including last mile delivery. EVs With A Twist Take Canoo’s LDV190 for starters. The newest to the Canoo lineup, the LDV 190 is a long-haul delivery vehicle that gets more than 200 miles per charge. But the range and horsepower aren’t what makes the LDV190 and its other EVs different. It’s the flexibility and space within the vehicle where the company says things get interesting. Canoo’s delivery vehicles are built on a modular platform allowing customizable configurations whether you are hauling large packages or racks of clothing. Foldable and retractable storage and tables on the exterior of the vehicles make Canoo’s vehicles unique in the market, the company says. It also sticks to a clean, minimalist shape that has received design award recognition, most recently several Red Dot Design Awards. The Red Dot Award is an annual international competition recognizing excellence in design and among the world’s largest design competitions. Canoo’s steer-by-wire technology is not common in vehicles today. Canoo says using steer-by-wire technology reduces moving parts and cabin intrusion, resulting in more usable interior space, better driver ergonomics and the addition of a panoramic window to improve road visibility. This type of technology has been used in aviation for decades, but Canoo is the first to bring it to a production vehicle. The LDV190 offers multiple cargo configurations including shelves and racks, and advanced safety features such as blind spot monitoring and traction stability control. Canoo is going after the delivery market with this electric LDV and counts the U.S. Post Office (USPS) as a customer. Canoo has already delivered six right-hand drive versions of the LDV 190 to the USPS as part of its move to electrify and modernize the postal service’s delivery fleet, and it will likely run another RFP for vehicles later this year where Canoo will compete. The USPS is investing $40 billion to upgrade and improve the organization’s processing, transportation and delivery networks. Success With Walmart And Other Last Mile Delivery Companies The LDV130 is another electric lifestyle delivery vehicle in Canoo’s lineup. This one is more compact and is designed for the worker and last-mile deliveries. Go2 Delivery, a logistics solutions provider with a sustainability mission, recently signed a definitive agreement to purchase five LDV130s with the potential to purchase up to an additional 85 vans. Go2 Delivery will integrate Canoo’s LDV130 into its delivery fleet to enhance operational efficiency, provide eco-friendly deliveries for customers and lower its environmental impact, Canoo said. Canoo’s LDVs have been in deep testing with the e-commerce operation of Walmart Inc. (NYSE: WMT) which inked a deal with Canoo a couple of years ago to purchase 4,500 LDVs. Walmart has an option to buy up to 10,000. Canoo is part of Walmart’s plan to achieve zero emissions by 2040, the companies said when announcing the deal. Consumers aren’t forgotten in Canoo’s lineup. The LV is Canoo’s minivan of sorts. It includes Canoo’s steer-by-wire system, a wide field of view, a panoramic sunroof and five- and seven-seat configurations. This variant was customized and sold to NASA as the Crew Transportation Vehicles (CTVs) that will take the Artemis Mission astronauts to the launchpad and has effectively replaced the NASA Astrovan. The Canoo Pickup and American Bulldog were designed for everything and came with built-in draws, foldable tables, modular storage and a pull-out bed extension. A version of the pickup, the Screaming Eagle, was sold to the U.S. Army for testing for their Light Tactical Vehicle (LTV) program. Canoo’s line-up of fully electric LDVs is designed to usher in a new era of sustainability for the commercial transportation market. Taking a page from Tesla (NASDAQ: TSLA), Canoo is betting the modular design and the ability to customize the cargo space on the fly will appeal to companies and government customers looking to lower their carbon footprint. Keep a look out for more Canoo Inc. announcements here. Featured photo by Canoo. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 24, 2024 08:30 AM Eastern Daylight Time

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Xtreme Trucking Selects HOPTEK’s Dispatch Engine® Solution for Real-Time Visibility and Optimization of Fleet Operations

Hoptek

HOPTEK, a global leader in AI-driven trucking and fleet transportation solutions, has been selected by Xtreme Trucking of Wisconsin, one of the U.S.’s leading technology-first transportation and logistics providers, for its Dispatch Engine® solution, a digital platform providing instant visibility and access to the spot load market, while matching available carrier capacity across thousands of possible options. HOPTEK’s “digital twin” will provide real-time visibility and enable Xtreme to boost operational efficiency and fleet utilization, while reducing driver turnover and deadhead miles, resulting in material cost savings and profitability. Started as a small independent operation in 2006, Xtreme Trucking was formally established in 2009 to become a quality diversified transportation provider, with a growing revenue profile and extensive coverage across the United States. Through HOPTEK’s Dispatch Engine®, Xtreme has leveraged real-time data visibility and dynamic decision-making to drive operational velocity to achieve up to a 20% increase in both Revenue per Hour and Weekly Revenue Miles per Driver – a clear competitive advantage. Travis Nelson, President and Founder of Xtreme Trucking said: “Between supply chain complications, market shifts, and driver shortages, the past several years have been a rollercoaster ride for our industry. Selecting HOPTEK’s Dispatch Engine solution addresses several seemingly intractable challenges, enabling us to optimize fleet utilization, increase driver satisfaction, and reduce deadhead empty miles. HOPTEK’s robust visibility platform enables us to make the best available decision, even as fleets remain dynamic, and routing and load scenarios shift constantly. We at Xtreme immediately recognized the value of HOPTEK’s strategic offering to our operation and how it would support the achievement of our goals.” Transportation and logistics are the backbone of the U.S. economy. Xtreme fuels that economic growth by delivering best-in-class operations, innovative technology solutions, and a talented workforce. The company was seeking a solution that would address very specific issues related to driver miles, route efficiency, and utilization in one platform. Achieving these goals required a unique set of capabilities. HOPTEK’s Dispatch Engine® solution closes these gaps by creating dispatchable recommendations that consider the entire fleet, at any given moment. It gets critical information to dispatchers, planners, drivers, and other stakeholders in near real-time, supercharging efficiencies and profitability. Balaji Guntur, CEO and Co-founder of HOPTEK said: “We’re excited and honored to have been selected as a long-term partner to Xtreme Trucking. Their keen eye for innovative technologies and solutions that genuinely add measurable value attests to why the industry will view Xtreme as a trend setter and leader in small to mid-size fleet tech adoption. We believe they have selected a solution that will enable them to achieve their technology goals, while at the same time supporting their efficiency mindset and profitability targets.” —Ends— About Xtreme Xtreme Trucking LLC delivers superior reefer transportation and dedicated services across the United States. With a leading view on technology and a modern truck and trailer fleet, we are an essential solutions provider for customers who value the integrity of their supply chain and require safe, and exceptional service. Moreover, Xtreme strives for leading on-time delivery and customer service, and as a technologically minded fleet, and remains deeply committed to promoting both customer and driver satisfaction. To find out how Xtreme Trucking Delivers, please visit: https://www.xtremetrucking.com/ About Kearney Kearney is a leading global management consulting firm. For nearly 100 years, we have been the trusted advisor to C-suites, government bodies, and nonprofit organizations. Our people make us who we are. Driven to be the difference between a big idea and making it happen, we help our clients break through. For more information, please visit: https://www.kearney.com/ About HOPTEK HOPTEK was founded in 2021 when global strategy and management consultancy Kearney brought its transportation and tech expertise together to help transform the trucking industry. After HOPTEK’s AI-powered system helped a leading U.S. fleet solve major operational challenges and drastically boost their performance, the company opened that technology to fleets across the U.S. With transformational technology tools such as Fleet Scanner®, Freight Finder®, and Dispatch Engine®, trucking and logistics companies can actively analyze fleet performance, identify and reduce wasteful wait times, and optimize dispatching in responsive real-time. For more information, please visit: https://www.HOPTEK.ai/ Contact Details Sean Maharaj Sean.Maharaj@hoptek.ai

September 23, 2024 09:00 AM Eastern Daylight Time

New Horizon Aircraft (NASDAQ: HOVR) Poised For Growth With Hybrid Aircraft Technology Amid Small-Cap Strength

Benzinga

By Gerelyn Terzo, Benzinga The future has arrived, thanks to electric Vertical Take-Off and Landing (eVTOL) aircraft. eVTOLs are aircraft that launch vertically, similar to a helicopter, rather than a conventional takeoff. Hybrid-electric eVTOL designs have the potential to enable greater speed, range and cargo capacity than fully electric versions and could play an important role in the future of aviation. While eVTOL is still in its early days, with the industry currently in the testing phase, its value is predicted to surpass $30 billion by the next decade amid a CAGR of 15.3% since last year. And while Tesla (NASDAQ: TSLA) is playing a key role with electric vehicles, New Horizon Aircraft (NASDAQ: HOVR) hopes to take on a leadership position in the eVTOL aircraft market segment. Toronto-based New Horizon says it has been an early mover in eVTOL technology with its Cavorite X7 prototype aircraft, a hybrid model built for real-world use cases. Its aircraft takes off vertically, true to eVTOL form. However, once in flight, it reverts to the configuration of a conventional airplane, owing to the company’s patented HOVR wing system. The Cavorite X7 is built to reach speeds of 250 miles per hour, with a fuel capacity of more than 500 miles, making it appropriate for real-world applications like travel when the time comes. Learn more about New Horizon Aircraft’s technology here. New Horizon Puts Pedal To The Metal On eVTOL Aircraft Led by a team of operators, aviators and aerospace engineers, New Horizon has been going full throttle of late as it prepares to fully transition its large-scale prototype aircraft by the end of this year. Chief among New Horizon’s priorities is advancing the development of its hybrid-powered eVTOL aircraft. The company has been making strides from a technical standpoint while also building out its team internally. Flight test program: Among the technical highlights, New Horizon has published results on its flight test program, which it says are surpassing its expectations. The company has performed hundreds of flight tests and is nearing full transition speed, which it anticipates achieving by year-end. Full-scale aircraft development: New Horizon says it is innovating the proprietary patent technologies that are critical to its unique aircraft, including full-scale propulsion units that are essential to its HOVR wing technology. Cooling system and power tests for its full-scale propulsion units continue to unfold and it says the outcomes are positive so far. Encouraging test results extend to the company’s Cavorite X7’s patented HOVR wing design, which the company says enables safer, more durable performance even in the most forbidding conditions. Digital twin development: New Horizon harnesses a hardware-in-the-loop (HITL) digital twin technology to test its aircraft, supporting the rapid testing of large-scale prototype aircraft like the Cavorite X7. Its hybrid technology is fueled by its HOVR wing technology, allowing the aircraft to fly nearly all of its missions in a formation that closely resembles that of a conventional aircraft. Meanwhile, the company says the hybrid power system delivers greater range, speed and payloads in its class. When the Cavorite X7 reaches commercialization, New Horizon expects it to have the power to disrupt the travel industry with its speed, efficiency and cost savings over traditional aircraft. However, its potential use cases also extend to medical evacuation, critical supply delivery, disaster relief and special military missions. “Our unique, customer-first approach prioritizes building a tough eVTOL aircraft that can operate in bad weather, icing conditions and other challenging operational environments. This strategy is gaining strong traction with operators, driving substantial demand,” said Horizon Aircraft CEO Brandon Robinson. To keep pace with this ongoing innovation, New Horizon recently expanded its team with the addition of seasoned engineer Tom Brassington as Chief Technology Officer. New Horizon Says It Could Be Poised To Benefit From Possible Small-Cap Stock Demand Earlier this year, New Horizon made its debut in the publicly traded markets amid a business combination with special purpose acquisition company (SPAC) Pono Capital Three. Most recently, New Horizon returned to the equity capital markets with a $2.9 million public offering. The deal, the closing for which was announced in August, comprised 2.8 million Class A ordinary shares with various types of warrants. New Horizon’s timing is no coincidence, as the company says it could be poised to benefit from an expected ongoing rotation in the equity markets into small cap stocks. While small cap stocks have been gaining attention of late, New Horizon took matters into its own hands. It commissioned its own global poll of investment managers to uncover evidence of investor demand for small- and micro-cap names working with more sustainable technologies, where the upside potential is considered greater than larger companies because they are coming from a lower base. The aerospace company says it found that investor demand is in fact there, with more than three-quarters of survey participants demonstrating an expectation for exposure to these asset classes among institutional investors to increase in the next six to twelve months. Slightly more than one-third (34%) of them say allocations to these stocks could increase by at least 25%. Investors who are interested in participating in New Horizon’s growth story can learn more about this company’s financials here. Read more about New Horizon Aircraft: Pilotless Planes Are Coming, But Not Just Yet, Says New Horizon Aircraft CEO On The Horizon: How One Company Plans To Use Its Innovative Aircraft Design To Revolutionize Regional Air Travel From Stage To Stage: How New Horizon Aircraft's eVTOLs Could Simplify Tour Logistics For Taylor Swift Sustainably Featured photo by ELG21 on Pixabay Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 19, 2024 08:45 AM Eastern Daylight Time

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