News Hub | News Direct

Communications

Advertising Communications Graphic Design Internet Marketing Media Publishing SEO
Article thumbnail News Release

IMPROVING EDUCATIONAL OPPORTUNITIES FOR SCHOOL CHILDREN

Maple

Maple, a provider of reliable, remote online access for students, announced the availability of its fully portable and pocket-sized connectivity solutions for closing the digital divide in rural and low-income communities. School leaders throughout the United States can partner with Maple to take advantage of the Federal Communications Commission's (FCC) Emergency Connectivity Fund (ECF) to give students a safe and reliable home internet connection that promotes online learning and unlocks opportunities. Remote and hybrid learning is here to stay, making technology and at-home internet access essential for students to access academic resources. These basic tools that millions of students need are often unavailable to children in underserved and low-income communities, creating gaps in learning, reducing opportunities to advance, and threatening future goals. According to the Federal Communication Commission, nearly 17 million students lack at-home internet access —many of whom are from minority, low-income, and rural communities. "Education is a human right," stated Michael Kadisha, Chief Executive of Maple. "Equal access to education is, in my view, the defining civil rights issue of our time. Regardless of location or economic status, all students today must have equal access to the internet to succeed.” Maple and its leadership team have a proven history of creating solutions for education and serving students. At the outset of the pandemic, Maple provided Chromebooks and other technologies to support remote learning. They quickly realized that a computer or tablet is of little use without reliable internet access. To solve this, Maple partnered with StratusX to build the Maple Hotspot, a cellular, cloud-managed personal WiFi solution that connects students and educators to their digital classrooms from anywhere. Maple hotspots eliminate the frustration associated with slow or 'spotty' service. When students in areas with limited mobile service utilize the Maple hotspot, they can reliably access the internet whenever and wherever they want. "We are proud to partner with StratusX in this critical endeavor," Kadisha said. “Their unique patented technology prevents service disruptions as devices switch seamlessly between mobile carrier networks to capture the optimal signal at all times. This benefit is critical as it gives high-speed connectivity while avoiding downtime for students from any carrier facing weather disruptions, technical issues, or even poor reception in the students' location." "With Maple's insights, experience, and guidance in the education sector, our team designed many specific features, including cloud-managed CIPA compliance to ensure safe access to content authorized by schools," explained Raviv Laor, StratusX's CEO. "With Maple, connecting online is always available, safe, and compliant." While several other hotspot providers exist, Maple's school-centric solution uniquely addresses the needs of educators, students, and school leadership. "This turnkey connectivity solution meets the specific demands of the education sector: schools have customized features to implement certain web surfing restrictions and verification options that ensure students have safe experiences online. Most importantly, the device's proprietary SIM management technology allows schools to connect, manage, configure and operate their fleets 100% remotely," said Laor. "It is a win-win situation. Schools save time and students learn with the technology they need," Kadisha continued. "We are proud of our role in eliminating these easily addressable inequities that arise from a lack of online access and improving learning outcomes for all students." Schools may use the funds they secure through the ECF program to procure Maple hotspots. A new application window opens on April 28 and runs through May 13, where schools may request 100% funding for student connectivity needs. Maple also provides schools with white-glove service, with end-to-end assistance from government funding applications to hardware setup and device deployment. “We know that the Homework Gap is a financial and emotional burden for students," Kadisha said. "We can and will do better." About Maple Maple provides trusted technology solutions for schools, students, and libraries that bridge the digital divide by delivering high-quality internet access that unlocks valuable educational experiences for students. Please visit https://www.mapleconnect.co/. ### For more information or to schedule an interview with a Maple spokesperson, please contact Dan Rene of kglobal at daniel.rene@kglobal.com or 202-329-8357 Contact Details Dan Rene +1 202-329-8357 daniel.rene@kglobal.com Company Website https://www.mapleconnect.co/

April 26, 2022 12:15 PM Eastern Daylight Time

Article thumbnail News Release

Au Bon Pain Celebrates First-Ever “Sandwich Madness” Contest

Au Bon Pain

How do you fill the innovation pipeline in a supply chain-challenged world? Engage your employees and create a contest where each location is invited to create new recipes utilizing only existing ingredients. To combat supply chain issues and rising food costs, Au Bon Pain launched a “Sandwich Madness” contest, which enlisted its 3,000-plus sandwich makers, bakers and cafe employees across the nation to submit a sandwich recipe and menu description. Tapping into the talent and creativity within their cafes, contestants competed in three heated brackets, with two winners emerging in the Championship round. Today the chain announced the winners — The Ranchero Wrap and The Cleveland Fireside Egg Sandwich. Both will be featured as upcoming LTOs in late 2022. “Inflation and supply chain issues challenge all restaurants,” said Au Bon Pain Corporate Chef Anne Riley. “By tapping into our employees and their creativity with ingredients, we can offer new, craveable sandwiches without straining resources.” A panel of expert judges, including Riley, named the winning sandwiches from 45 contest entries. The Ranchero Wrap is a hot wrap featuring BBQ marinated chicken, a three-cheese blend, red bell peppers, tomatoes, red onions, arugula, ranch dressing and chipotle mayo on a whole wheat tortilla. It was co-created by Genisis Santos and Laura Lopez from Au Bon Pain’s bakery café at Bellevue Hospital, 462 First Ave. in New York City. The Cleveland Fireside Egg Sandwich is a breakfast sandwich featuring eggs, hardwood smoked bacon, swiss cheese, tomatoes, sliced jalapenos, spinach and chipotle mayo on ciabatta. Michael Thomas and Michellica Burson from Au Bon Pain’s bakery cafe at 600 Superior Avenue in Cleveland created this masterpiece. In addition to having their sandwiches featured as an upcoming LTO, each winner received a cash prize and a special trophy featuring their recipes. Genisis Santos and Michael Thomas represented their recipes at the Boston championship round. Employees from many of the brand’s 119 U.S.-based franchise- and corporate-owned locations submitted a recipe, and Riley sees team building as an added benefit of the contest. “Our teams responded with such excitement and creativity. We received so many delicious recipes,” said Riley. “Seeing both corporate-owned and franchise cafes enthusiastically collaborate made for a fun competition that will bring even more mouth-watering recipes to our guests.” Au Bon Pain (translated “from good bread”) offers gourmet convenience to travelers, students, commuters and friends. It serves quality products made from simple ingredients in locations including transportation hubs, airports, urban office buildings, universities and hospitals. See the full menu of fresh and flavorful sandwiches, breads, pastries, salads, soups and coffee or order online at aubonpain.com. Founded in Boston in 1978, Dallas-based Ampex Brands purchased the bakery cafe in 2021, catapulting the franchisee into a franchisor role and expanding its footprint internationally. Contact Details Center Reach Communication Ashley Clontz +1 210-286-0105 ashley@centerreachcommunication.com Company Website https://www.aubonpain.com/

April 26, 2022 10:00 AM Eastern Daylight Time

Article thumbnail News Release

CSG Receives First “Prime” ISS ESG Corporate Rating in Company History

CSG

CSG ® (NASDAQ: CSGS), today announced that it has received the “Prime” Institutional Shareholder Services (ISS) Environmental, Social and Governance (ESG) Corporate rating, with an effective date of April 2022. ISS ESG is a leading ESG rating institution that empowers investors and companies to build long-term and sustainable growth by providing data, analytics and insights related to the company’s performance. “We are honored to receive this prestigious designation from this world-class ESG rating agency,” said Brian Shepherd, CEO, CSG. “CSG is a purpose-driven SaaS company who strives to envision, invent and create a better, more future-ready world for our customers, our employees and the communities in which we operate. This ISS recognition further underscores our deep commitment to ESG, diversity, equity and inclusion. We couldn’t be more excited to continue our ongoing journey in making our world more sustainable and inclusive.” The ESG Corporate Ratings score companies based on an analysis of more than 100 sector-specific ESG factors. Companies that receive particularly high scores within their respective industry are awarded a “Prime” distinction. This is the first year that CSG has received such a designation from ISS ESG. Guided by its membership to the UN Global Compact and the Ten Principles of the Compact, CSG is focused on three core areas of change: community impact, environmental stewardship and digital inclusion. # # # About CSG CSG is a leader in innovative customer engagement, revenue management and payments solutions that make ordinary customer experiences extraordinary. Our cloud-first architecture and customer-obsessed mindset help companies around the world launch new digital services, expand into new markets, and create dynamic experiences that capture new customers and build brand loyalty. For 40 years, CSG’s technologies and people have helped some of the world’s most recognizable brands solve their toughest business challenges and evolve to meet the demands of today’s digital economy with future-ready solutions that drive exceptional customer experiences. With 5,000 employees in over 20 countries, CSG is the trusted technology provider for leading global brands in telecommunications, retail, financial services, and healthcare. Our solutions deliver real world outcomes to more than 900 customers in over 120 countries. To learn more, visit us at csgi.com and connect with us on LinkedIn and Twitter. Copyright © 2022 CSG Systems International, Inc. and/or its affiliates (“CSG”). All rights reserved. CSG® is a registered trademark of CSG Systems International, Inc. All third-party trademarks, service marks, and/or product names which are referenced in this document are the property of their respective owners, and all rights therein are reserved. Contacts: Tammy Hovey Global Public Relations +1 (917) 520-2751 tammy.hovey@csgi.com John Rea Investor Relations +1 (210) 687-4409 john.rea@csgi.com Contact Details Tammy Hovey +1 917-520-2751 tammy.hovey@csgi.com Company Website https://www.csgi.com

April 26, 2022 06:30 AM Mountain Daylight Time

Image
Article thumbnail News Release

Shareholder Proposal Highlights Coca-Cola CEO’s Hypocrisy

National Legal & Policy Center

This morning National Legal and Policy Center will present a resolution at The Coca-Cola Company ’s annual shareholder meeting that would require the board to implement a policy to require the chair of the board of directors to be an independent member. Currently James Quincey holds the roles of both Chairman and CEO. Speaking as sponsor of the resolution was Paul Chesser, director of NLPC’s Corporate Integrity Project. His remarks as delivered follow; Extended remarks can be accessed at NLPC.org: I am Paul Chesser, director of the Corporate Integrity Project for National Legal and Policy Center. Because the company is allowing only three minutes for the presentation of proposals, my extended remarks can be found on our website, NLPC.org. On March 31, 2021, Coca-Cola Chairman and CEO James Quincey caved to progressive political activists and said about Georgia’s election integrity law, “I want to be crystal clear. The Coca-Cola Company does not support this legislation, as it makes it harder for people to vote, not easier.” However, as voter ID legislation has moved through the Parliament the last few months in Mr. Quincey’s home country, the United Kingdom, we have not heard a peep from him. Why not? Why does Mr. Quincey apply more stringent voting standards against the United States, where he receives his sizable paychecks? That’s not the only example of Mr. Quincey’s lack of awareness. Last year it was discovered also, under Mr. Quincey’s leadership, that Coca-Cola had imposed diversity training for its employees. The sessions included a course called “Confronting Racism,” which alleges that U.S. whites are socialized to believe they are “inherently superior” and suggests they “try to be less white” by being “less oppressive” and “break with white solidarity.” And during the height of the rioting across the nation during the summer of 2020, Mr. Quincey poured gasoline on the fire by embracing the violent, Marxist “Black Lives Matter” cause that destroyed many of our cities’ downtowns, including Atlanta’s. Mr. Quincey’s virtue-signaling has also addressed the topic of gender as well, with Coca-Cola boasting of its initiatives to help women, and highlighting its Equal Opportunity Policy that prohibits harassment, intimidation, retaliation, and threats against women. Those policies ring hollow, however, as Mr. Quincey totally ignored our request for him to call a special meeting of the Board to remove director Bobby Kotick, whose management of Activision Blizzard led to many credible charges of sexual harassment and assault at his company. Characterized as a “frat boy culture” by the California Dept. of Fair Employment and Housing, Mr. Kotick’s company lost several top executives, and hundreds of employees signed a petition calling for his ouster. While Mr. Quincey has bashed Americans and their alleged default racism, he has led our company in solidarity and submission to Communist China, even sponsoring the Genocide Olympics, and maintaining a factory in a province where millions of Muslim-minority Uyghurs are forced into slave labor and concentration camps. This is who moralist James Quincey believes Coca-Cola should partner with – genocidal communists, while hypocritically bashing Americans and their freedoms back home. His leadership has earned the company the mocking nickname, “Woke-a-Cola.” If any corporate resolution to separate the roles of Chairman and CEO is justified, it’s this one. END DELIVERED REMARKS The full text of NLPC’s shareholder resolution for The Coca-Cola Company can be viewed here. The text of Chesser’s extended remarks in support of the resolution can be viewed here. NLPC this week will also present shareholder resolutions on various issues at the annual shareholder meetings held by Bank of America, Wells Fargo, Goldman-Sachs, Johnson & Johnson, Boeing and Berkshire-Hathaway. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. Contact Details National Legal and Policy Center Paul Chesser +1 703-327-1970 pchesser@nlpc.org Company Website http://www.nlpc.org

April 26, 2022 08:15 AM Eastern Daylight Time

Article thumbnail News Release

Retention Cloud Leader CleverTap Recognized as the “Breakout SaaS Startup of the Year” at SaaSBOOMi Awards 2021

CleverTap

CleverTap, the world’s leading retention cloud today announced it has been awarded the "Breakout SaaS Startup of the Year'' at the SaaSBOOMi Awards 2021. The awards, presented by SaaSBOOMi, an informal group of SaaS founders looking to network and learn from each other, recognizes excellence in Indian SaaS companies, their founders, and their many achievements and successes. India’s SaaS industry now boasts over $1.5 billion in annual revenues, with around 1,500+ SaaS companies as an active part of the SaaS community. Acknowledging the importance of this industry, the SaaSBOOMi Awards were launched in 2020 with a mission to celebrate the extraordinary aspirations and efforts of Indian SaaS founders. “The SaaSBOOMi Awards were introduced to recognise exemplary SaaS startups in the country that have set global standards in deep tech and cutting-edge innovation,” said Vinod Muthukrishnan, Member, SaaSBOOMi Awards team. “For the recently concluded 2021 edition, we are very happy to recognise CleverTap as the ‘ Breakout SaaS Startup of the Year.’ This accolade truly reflects the brand’s phenomenal work over the last year and its commitment to building exceptional user experiences for its customers.” “This is our first award from SaaSBOOMi and will be our most precious. Our customers make us successful and this award, which is shaped and judged by the community, underlines the importance of that bond and trust for us as a company and the partners who support us,” said Anand Jain, Co-founder and Chief Product Officer, CleverTap. “We will continue to focus on solving the problem of user retention for consumer apps of all sizes. Our goal is to be the retention category market leader, not just in India and Southeast Asia but also North America and Europe and amplify the Indian SaaS success story to a growing and global audience.” The award is just one in a string of recent accolades recognising CleverTap’s technology prowess and capabilities. More than 10,000 apps across industries and geographies use CleverTap for customer engagement and retention over 3 billion devices. Built for speed, security, and scale, CleverTap has helped customers send over one trillion messages and create about 9 million campaigns in 2021. About CleverTap CleverTap is the modern, integrated retention cloud that empowers digital consumer brands to increase customer retention and lifetime value. For brands that understand and value user retention, CleverTap drives context and individualization with the help of a unified and deep data layer, AI/ML powered insights and automation. Customers around the world representing over 10,000 apps, including Vodafone Idea, SonyLIV, Daimler, Gojek, Carousell, and Premier League, trust CleverTap to achieve their retention and engagement goals, growing their long term revenue. Backed by leading venture capital firms including Sequoia India, Tiger Global Management, and Accel, the company is headquartered in Mountain View, California, with offices in Mumbai, Singapore, and Dubai. For more information, visit clevertap.com or follow on LinkedIn, Twitter, Facebook and YouTube. Contact Details CleverTap Sony Shetty sony@clevertap.com Company Website https://clevertap.com/

April 26, 2022 02:00 AM Eastern Daylight Time

Article thumbnail News Release

An Easier Way to Invest and Learn Along the Way from Plynk

YourUpdateTV

Would it surprise you to know that 80 million Americans are interested in investing, but don’t know where to begin? Many people might be feeling left behind or not comfortable entering the world of investing. That does not have to be the case. Financial literacy could be the key, as it empowers us to make smart financial decisions. It’s important for individuals to know it’s never too late or too early to increase their knowledge and begin their financial journey. Enter Plynk: A new investment app for beginners that helps them get started with investing, build confidence, and gain knowledge along the way. Too often, the industry has overcomplicated investing with unnecessary jargon and complex charts. By including educational content and tips throughout the app, beginner investors aren’t alone– now is your opportunity to learn how Plynk is here to help. Plynk Think allows you to learn and gain confidence by encouraging a learn-by-doing approach. In honor of financial literacy month, Plynk is offering an earn-while-you-learn offer. All you have to do is read a lesson in Plynk Think, make an investment, and you can qualify for the match. For complete terms and conditions everyone can visit PlynkInvest.com Learn more at www.plynkinvest.com A bout Plynk: Plynk is a new, no-experience-required investing app to help make investing easier for beginners. Created by people who have a passion for making investing simple, Plynk makes it easy to get started, get comfortable and get the hang of investing. Plynk offers straightforward language, clear explanations and just a $1 minimum to make it easy to begin investing. Plynk also includes tips, how-tosand easy to understand educational articles that help beginners learn as they go.Learn more at www.plynkinvest.com. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

April 25, 2022 11:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

Agora Data Adds Brett Beebe as SVP – Head of Corporate Business Development

Agora

Agora Data, inventor of the first -ever crowdsourced securitization, reducing interest rate line of credit and technology platform supplying book value of loans for the subprime auto industry, today announced auto finance veteran Brett Beebe as Senior Vice President, Head of Corporate Business Development. Beebe will leverage his vast industry experience to expand Agora’s reach through joint ventures and other strategic partnerships. Beebe spent more than 10 years at AmeriCredit (now GM Financial) in sales and business development leadership roles. He later held multiple senior leadership positions – including President and Chief Operating Officer – at DriverUp, an online auto finance marketplace. He’s built strategic relationships with national brands throughout his career and developed new lending channels and programs. Agora welcomes Beebe’s deep industry knowledge and indisputable track record at a fin-tech start-up. “As Agora grows, we seek to identify, partner with, and, in some cases, acquire companies that complement our mission of enabling independent dealers to maximize their growth potential,” said Steve Burke, CEO of Agora Data. “Brett is the ideal person to lead this charge. He knows how to create win-win relationships between dealers, consumers, and the industry.” Beebe noted, “Agora has already surpassed many significant milestones while providing attractive funding solutions and in-depth portfolio analytics to independent dealers and finance companies. The next logical step is to expand the company’s strategic partnerships and joint venture opportunities. It’s time to level the playing field for even more dealers and positively transform the auto industry.” About Agora Data, Inc: Agora Data’s platform delivers a suite of tools to empower independent dealers and finance companies to finance their non-prime customers. Agora’s family of auto finance products provides a wide range of critical funding paths so originators can obtain the cash they need to fuel growth, compete, and build wealth. Powered by patent pending technology, originators now have access to robust data analytics and planning resources to help optimize the performance of their portfolios. Agora Data made history by closing the first-ever Crowdsourced Subprime Auto Securitization in 2020 and followed that up with its second transaction in early 2021. For more information, visit agoradata.com or contact us at 877-592-4672. Contact Details Shelly Vandeven +1 682-282-4130 media@agoradata.com Company Website https://agoradata.com/

April 25, 2022 09:03 AM Eastern Daylight Time

Article thumbnail News Release

World’s Fastest EVM Completes its First Hackathon

Telos Foundation

Telos Blockchain (ticker: TLOS), home to the world’s fastest, most inexpensive, energy efficient ( Net Zero ), non-congested, credibly neutral, truly decentralized and non-aiding and abetting ( No front running / MEV ) tEVM, is thrilled to announce the winners of the Telos Spark hackathon 2022! The entire team is ecstatic by the number of entries received for the first Telos Spark Hackathon. There were 156 entries and 26 published projects; The team is proud and truly inspired by the traction of this initiative. So many great projects that the team allocated another 20k TLOS to add two more finalists. The judging of these projects ended up being an incredibly challenging task for the team due to all the quality entries. Especially because they were all promising and unique. The most prevalent common denominator that all these great projects had in common was the dedication by each individual team. “These last couple of weeks have blown away all our expectations. Many quality projects are now growing deep roots within the tEVM, and they are loving it and we them. Lots of synergy here and lots of gravity to the speed, low fixed costs and credible neutrality of the tEVM. Telos is not just a hackathon chain. It is a perfect place to build high-performance, scalable and real-world-ready applications!” Justin Giudici, CEO of the Telos Foundation Please congratulate the Telos Spark Winners! ( Watch Video Here ) 1st place: Kluest - 100,000 TLOS 2nd place: Telos Spark Bridge - 50,000 TLOS 3rd place: Chedda - 10,000 TLOS 4th place: Refund - 10,000 TLOS 5th place: Telos.Build - 10,000 TLOS 6th place: VideoWiki - 10,000 TLOS 7th place: Shojiru. - 10,000 TLOS Take a moment and watch the initial video submitted by our first-place winner; From the entire Telos Team, Congratulations! A big thank you to ALL participants of the Hackathon, and please continue to build on Telos! There will be many more hackathons coming. Please continue to follow us on social media. Some inner thoughts: "The dedication, quality, and performance of the Kluest team lead the way. We are excited to see a hackathon project close to a genuine product and could be launched on Telos EVM very soon!" Kersten Wirth, Program Manager & Speaker of the Jury, Telos Core Development "Seeing these applications built in such a short time is exciting. I am always thrilled to see executed transactions on testnet and mainnet in our block explorers as proof that the teams created something that works!" Jesse Schulman, Lead Architect and TCO, Telos Core Development "We have been overwhelmed by the quality of applicants to the Spark Hackathon. The engagement process with applicant teams has been an inspiration, demonstrating the continued strong growth profile in our dApp ecosystem. We can't wait to have these projects built on Telos!" AJ Dinger - Head of Business Development, Telos Foundation "The proof that Telos EVM is ready to accept virtually any project and development and allows teams to build real solutions in such a short time frame is impressive. We are proud that our work enables the Ethereum communities to migrate and deploy on tEVM in a breeze." Douglas Horn,, Strategy and Vision, Telos Core Development On behalf of the entire Team, we want to also thank our friends at Taikai ( https://taikai.network ) for their outstanding support and incredible platform - built on Telos. Some take away notes from the dApps: The majority of these teams have built a dAPP on Telos for the first time. All were excited about easy deployment, fanatic technical support, super-fast transactions, overall performance, and extraordinary low cost. The Seven Telos Spark Finalists KluestApp – (Real World #Metaverse) Allows users to create, play, share & monetize interactive experiences using proven cutting-edge augmented reality & geolocation technologies. https://kluest.com/ Telos Spark Bridge - It is a seamless solution for users to access various dApps to effortlessly bridge their tokens between #Telos native and tEVM at a fraction of the cost and effort. https://spark-bridge.tswaps.com/ Chedda - A lending protocol with isolated lending pools and VE token mechanics allows the token holders to direct token emissions to lending pools. https://telos-hackathon.chedda.store/lend Refund - An expense management system for DAOs. The app tracks and files expenses such as fuel, travel, and meals. Refund makes it easier to track and reimburse all the expenses in your DAO. https://github.com/aleksandargolubovic/TelosSparkHackathon Telos Build - A fundraising platform exclusively for the Telos EVM. https://telos.build/about VideoWiki - Turn your Event Audience into #NFT Fan Clubs. Conduct audience drops for your townhalls, launch parties, and AMAs. https://video.wiki/ Shojiru - A proof-of-concept of a native Telos yield optimizer. A yield optimizer with improved tokenomics to provide a further yield to farmers. https://shojiru.netlify.app/ About Telos Live since 2018, Telos Blockchain (ticker: Tlos) is a third-generation smart contract platform that offers compatibility with Solidity, Vyper and Native C++ smart contracts. Telos provides full EVM/Solidity support with fixed low-cost gas fees and no front running. Uniquely, Telos also offers a path to fee-less transactions via its robust native C++ smart contract support. Even while operating as a Net Zero Blockchain, the chain still sustainably support hundreds of millions of transactions per day, produces blocks in 0.5 second intervals (on a first-in-first-out basis, eliminating front running on the network) and securely validates transactions via a credibly neutral and globally decentralized block producer network. The Telos Blockchain has the throughput needed to facilitate and scale the thriving Metaverse / Web 3.0 better than any other blockchain. Its performance is unrivaled in the industry and was purpose-built to offer speed, scalability, cost-effectiveness, credible decentralization, and end-user fairness. Telos, harnesses its power by utilizing tight C++ on the frontend and a custom WASM runtime environment on the backend. About The Foundation The Telos Foundation is a Decentralized Autonomous Organization established as a promotional and funding body to advance the Telos Blockchain Network and provide support to network applications. Contact Details The Team hello@telosfoundation.io Company Website https://www.telos.net/

April 22, 2022 04:57 PM Eastern Daylight Time

Video
Article thumbnail News Release

Telos Neutralizes its Past and Present Carbon Footprint - Net Zero

Telos Foundation

Telos Blockchain (ticker: TLOS) is thrilled to announce to the billion plus global citizens that proudly celebrate and embrace Earth Day that they now have a carbon-neutral smart contract option. Telos with the consulting aid of Plannet Zero, part of RedShaw Advisors Ltd, a leading carbon risk management and procurement firm, have committed to purchasing sequestration projects that will negate the emissions of the blockchain’s entire history. The offsetting is being performed in the form of biochar, which sequesters carbon (removes it from the atmosphere permanently), versus buying emission avoidance credits. Going Net Zero is the sweet spot that the Telos core developers have been striving to tap into for some time now. Up until now Telos’ energy consumption has been scaled down via decarbonization to bring the energy consumption down to less than 0.000002 kWh per transaction. This was monumental when compared to Bitcoins’ 2,258.49 kWh per transaction, Ethereum’s 238.22 kWh per transaction or even Visa’s ~0.00148 kWh per transaction where Telos is still a massive ~740x less. This was a great stride, and the team is very proud of this achievement, but it was still short of the goal of becoming environmentally invisible. Plannet Zero worked with Telos to calculate their carbon footprint by conducting an analysis to quantify the Telos blockchain’s energy consumption over the life of the chain. This analysis dated back to the first block ever generated, late 2018. Now, Telos is continuing to work closely with Plannet Zero to validate Telos’ emissions profile and carbon reduction purchases. Telos has also already allocated the funds needed to continue sequestering the equivalent release of carbon by the blockchain into the future. The commitment made was to first neutralize the carbon footprint of the past and then to continue neutralizing the carbon footprint as needed. As a result, Telos will now be a Net Zero Layer 1 blockchain that is still ludicrously fast, inexpensive, not congested, credibly neutral, decentralized, easy to deploy on and free of any front running / MEV. “dApps now running on the tEVM will be running carbon neutral smart contracts by default. The same neutrality umbrellas over all the end users minting and trading NFTs or coins on the Telos Blockchain. There is something bigger than all of us to be said about this achievement!” AJ Dinger, Telos Head of Business Development In addition to offsetting the blockchain’s carbon footprint, Telos in conjunction with Plannet Zero, is in the final stages of meeting all carbon neutral requirements for Scope 1, Scope 2 and operational scope 3 emissions for every aspect of Telos, including Telos Foundation and Telos Core Development staff. The carbon offset will be all encompassing and will be in full compliance with BSI PAS 2060 and will be verified by BSI. About Telos Live since 2018, Telos Blockchain (ticker: Tlos) is a third-generation smart contract platform that offers compatibility with Solidity, Vyper and Native C++ smart contracts. Telos provides full EVM/Solidity support with fixed low-cost gas fees and no front running. Uniquely, Telos also offers a path to fee-less transactions via its robust native C++ smart contract support. Even while operating as a Net Zero Blockchain, the chain still sustainably support hundreds of millions of transactions per day, produces blocks in 0.5 second intervals (on a first-in-first-out basis, eliminating front running on the network) and securely validates transactions via a credibly neutral and globally decentralized block producer network. The Telos Blockchain has the throughput needed to facilitate and scale the thriving Metaverse / Web 3.0 better than any other blockchain. Its performance is unrivaled in the industry and was purpose-built to offer speed, scalability, cost-effectiveness, credible decentralization, and end-user fairness. Telos, harnesses its power by utilizing tight C++ on the frontend and a custom WASM runtime environment on the backend. About The Foundation The Telos Foundation is a Decentralized Autonomous Organization established as a promotional and funding body to advance the Telos Blockchain Network and provide support to network applications. Contact Details The Team hello@telosfoundation.io Company Website https://www.telos.net/

April 22, 2022 09:07 AM Eastern Daylight Time

Video
1 ... 219220221222223 ... 337