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Casela Technologies Introduces High-Power, High-Efficiency DFB Lasers for Silicon Photonics-based Transceivers at OFC 2023

Casela Technologies

Casela Technologies, a global, vertically integrated semiconductor laser company delivering high-performance laser technology, products and platforms for data communications infrastructure worldwide, today announced the introduction of its 1310nm band high-power, continuous-wave (CW) distributed feedback (DFB) lasers with record high power conversion efficiency and optical powers for silicon photonics-based transceivers. The new laser, along with Casela’s other innovative products, will be on display in booth #1929 at next week’s OFC (Optical Fiber Communication Conference) in San Diego, Calif., from March 5 - 9, 2023. Digital transformation, 5G, passive optical network (PON) and cable fiber initiatives continue to drive bandwidth growth for optical communications. East west traffic inside data centers continues to increase bandwidth demand year over year between 40 and 50%. 400G is the current state of the art, but there is already a roadmap for 800G and then 1.6T. Silicon photonic-based transceivers are the leading solution for transceivers used inside data centers and for client optics in service provider networks. These optical transceivers and new co-packaged systems-on-chip (SoC) architectures require very efficient, high-power, low-noise lasers at various wavelengths. With increased baud rate and lane count (4X or 8X) and bandwidth growth from 400G to 1.6T, optical power requirements have increased. Casela’s new 1 and 2 mm long DFB lasers achieve 125mW to 200mW optical power when uncooled and 300 to 400mW, respectively, when cooled, enabling the use of single laser for DR4 and DR8 transceivers. High optical powers are achieved at industry-leading power conversion efficiencies of 30% when cooled and 20% when uncooled operating at the maximum rated power. Key features include large modes with near-circular profiles that improve coupling efficiency to fibers or silicon-based waveguides and reliable operation proven during accelerated life testing. The same high-efficiency, high-power laser design is also available at other WDM, LAN-WDM and CWDM4 wavelengths. The technical details for the lasers will be presented at OFC: “Record high-efficiency high-power uncooled 1.31 um CW-DFB lasers” Monday, March 6, 2023 - 4:30 pm - 4:45 pm PST, Session: M4C.1, Room 3 By: Milind Gokhale, Casela Co-founder and Chief Technology Officer “Casela was founded by industry veterans to focus on an innovative path to higher laser powers and efficiency demanded by new requirements in datacenters and system-on-chip (SOC) applications,” said Dr. Bo Lu, CEO of Casela Technologies. “With the demonstration and publication of our industry-leading laser results at OFC 2023, we are announcing our new laser platform and products for transceiver and co-packaged optics applications. We are also pleased that Casela’s high-output laser performance has been validated by multiple customers and will be available in high-volume production in 2H2023.” About Casela Technologies Casela is developing a broad range of lasers, including CW lasers, electroabsorption-modulated lasers (EMLs), and external lasers modules using a proven and reliable buried heterostructure laser platform. For more information, visit www.caselatech.com Contact Details Wilkinson + Associates for Casela Leah Wilkinson +1 703-907-0010 leah@wilkinson.associates

March 02, 2023 09:06 AM Eastern Standard Time

Tribevest Debuts “Open Tribes” to Allow More Investors to Participate in Private Investments

Tribevest

Tribevest, the leaders in group investing, announced today they launched a new product called Open Tribes, designed to pave the way for investors to participate in more private investments. Open Tribes are fully-serviced, turn-key investor groups that lower the barrier to entry for private assets such as real estate syndications and other investments that require large minimums. Through the Open Tribe process, multiple investors can contribute capital towards a specific deal under the umbrella of an active multi-member LLC. Through Tribevest’s services, the tribe will be protected by a ratified operating agreement and offer the ability to pool capital safely and quickly. Once all the funds are pooled from all the members of the LLC, the tribe can invest in a specific deal as one business entity. For example, if an Open Tribe of 10 people contributes $10,000 each, their LLC can reach a $100,000 minimum for a single investment. “This is an absolute game changer in the world of private investing,” said Travis Smith, Founder and CEO of Tribevest. “An Open Tribe will have an immediate impact on a deal sponsor looking to raise capital as well as an investor looking to get into more deals and diversify their portfolio.” Tribevest pre-launched Open Tribes in January of 2023, where over $1 million was raised on three deals. Tribevest worked with sponsors raising money for private real estate syndications. Those companies included Rise48 Equity, Aspen Funds, and Motel to Apartment Conversions. Members from the Left Field Investors’ community joined forces through three Open Tribes to reach a minimum and invest in properties that included an apartment complex in Dallas and a retail shopping center in Kansas City. A single check was sent to the deal organizer, while Tribevest handled the back-office administration. Smith added, “Tribevest was founded to allow friends and family to invest together as a group. We still provide that service and have thousands of tribes actively building wealth together. Now, through an Open Tribe, an investor doesn’t need to have a prior relationship with other tribe members. Plus, deal partners and sponsors can raise more capital without the burden of the admin that comes with adding more investors to a deal.” Tribevest provides the tools, including an FDIC-insured bank account, cap ledger, cap table, and tax services, to quickly, safely, and transparently operate as an active multi-member LLC. “The response by our Left Field community during the Open Tribe pre-launch period was overwhelming,” said Jim Pfeifer, Founder of Left Field Investors. “I believe we unlocked a door that will bring more people to passive real estate investments beyond the wealthiest individuals. We expect Open Tribes to become a critical tool that allows investors to diversify and effectively lower minimums. Our partnership with Tribevest is having a huge impact on passive investing in syndications by making group investing easy.” “Tribevest and their ‘Open Tribes’ model is truly an innovative structure that allows investors to compliantly gain access to opportunities to grow their wealth,” said Zach Haptonstall, CEO of Rise 48 Equity. “We have enjoyed our partnership with Tribevest and their founders as we work together to create conservative investment opportunities for those looking to invest into real estate. I expect Tribevest and Open Tribes to grow quickly and be a name brand in the real estate industry for years to come.” Tribevest has partnerships in place with Aspen Funds, BV Capital, Life Bridge Capital, Rise48 Equity, Sugo Capital, and Viking Capital. Capital raisers interested in learning more about an Open Tribe can go to https://www.tribevest.com/opentribes. About Tribevest Founded in 2018, Tribevest is a collaborative, group investing platform that enables friends, family, and like-minded people to organize as an investor group, pool money, and manage co-owned investments. Based in Columbus, Ohio, Tribevest was founded by entrepreneur Travis Smith. Tribevest believes that forming and funding small to mid-sized investment groups will allow the general U.S. population to uncover a wealth of viable investment pathways to achieving personal financial freedom. Learn more about Tribevest at Tribevest.com or follow the company on LinkedIn, Twitter, Instagram, and Facebook. Contact Details Eric Nemeth nemeth@ericpr.com Company Website https://www.tribevest.com/

March 02, 2023 08:55 AM Eastern Standard Time

Volatus Aerospace Expands Electric Utilities Business in US with Acquisition of Sky Scape Industries, LLC.

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) (“Volatus” or “the Company”) announced today that it has signed an arm’s length definitive agreement to acquire Sky Scape Industries, LLC., a New Jersey based company providing airborne intelligence data services. Founded in 2014, Sky Scape Industries uses remote sensing techniques to provide comprehensive inspection services including facility, structural, line, and right of way for power utilities, emergency response for oil and gas, and façade inspection services for property management. The company utilizes crewed and uncrewed aircraft and has operated nationwide in over 24 states. “Glen Lynch, CEO of Volatus Aerospace Corp. commented, “the addition of Sky Scape brings significant opportunity for margin improvement through synergies with our existing business units. It further expands our service offering and continues growth in core sectors including power utilities, oil and gas, and façade inspection.” “Joining Volatus provides Sky Scape with the resources needed to fully leverage and expand its customer relationships,” said David Yoel, CEO of Sky Scape. “The extensive Volatus pilot network, existing fleet of crewed aircraft, helicopters, and drones enhances Sky Scape’s offering, and their expansive sales team will help drive our growth.” Under the terms of the agreement, the total purchase price, subject to an earn-out provision, is approximately C$845,000 (US$620,000), paid as follows: An initial payment of approximately C$422,500 (US$310,000) in the form of newly issued common shares of Volatus Aerospace Corp. The number of VOL shares to be issued will be based on the share price at closing or the prior 30-day VWAP, whichever is higher. Volatus shall have the option to make the first payment in cash in lieu of shares. The earn-out payment of C$422,500 (US$310,000), will be payable twelve (12) months after closing, in the form of additional Volatus shares issued on the share price of C$0.65 or the prior 30-day VWAP, whichever is higher. This payment is conditional on Sky Scape retaining approximately C$1M of inspections already contracted for 2024. This announcement is in line with the Company’s objectives to continue expansion in the US Market as well as growing its presence in large scale aerial intelligence services for oil and gas, power utilities, rail, construction, engineering, and inspection industries. The acquisition of Sky Scape Industries is anticipated to close on March 31 st or such other agreed date conditional on satisfactory completion of due diligence, approval of the respective Board of Directors, key clients, and regulatory approval of the TSX Venture Exchange. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Non-IFRS Measures This news release includes certain terms or performance measures that are not defined under International Financial Reporting Standards (“IFRS”), such as “annual recurring revenue” (“ARR”) and gross margin. ARR used in this news release refers to annual revenue generated from multi-year contracts and the Company derives gross margin by subtracting costs of goods sold from total revenue and dividing such number by total revenue. ARR and gross margin are not recognized, defined or standardized under IFRS and accordingly, the Company’s definition of ARR may differ from definitions used by other companies and therefore comparability may be limited. ARR should not be considered a substitute for or considered in isolation from measures prepared in accordance with IFRS. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes, but is not limited to: (i) the business plans and expectations of the Company; (ii) the closing of the proposed Transaction and timing thereof; (iii) expectations related to the Transaction and anticipated benefits thereof, (iv) opportunities for significant gross margin improvement and other anticipated benefits of the transaction to the Company; and (iv) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs of management of the Company as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors are based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the completion of the Transaction and timing of completion; satisfaction of all closing conditions to the Transaction; the anticipated benefits of the Transaction to the Company; TSX Venture Exchange approval of the Transaction; and anticipated and unanticipated costs and other factors referenced in this news release, and including, but not limited to, those factors set forth in the Company’s Annual Information Form under the section “Risk Factors”. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Volatus Aerospace Corp Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

March 02, 2023 07:30 AM Eastern Standard Time

EPAZ Set To Soar In High Flying Drone Market

RazorPitch EPAZ

The drone industry has witnessed a significant growth trajectory in recent years, and the trend is expected to continue in the coming years. The adoption of drone technology has been on the rise in various industries such as agriculture, real estate, delivery services, and surveillance. In recent years, the use of military drones has grown significantly, and these unmanned aircraft systems are now an essential part of many military operations worldwide. As a result, the market for manufacturing military drones has experienced rapid expansion, and investors are becoming increasingly interested in chances to invest in businesses that make these cutting-edge technologies. The drone industry is predicted to expand quickly, with a CAGR of 38.6% from 2023 to 2030, creating the possibility of a very profitable investment opportunity. There are many different companies to choose from when investing in drone stocks; in this article, we'll focus on a few of the major players in this quickly developing market. Epazz, Inc. (OTC: EPAZ) is a mission-critical provider of drone technology, blockchain mobile apps, and cloud-based business software solutions. On March 1, Epazz announced that the US Air Force had invited ZenaDrone, a spinoff of Epazz, to showcase the ZenaDrone 1000 at an air base in California on March 16 and 17. This will be ZenaDrone’s first visit to a military base to interact with personnel and gain insight into their drone technology’s potential use in the Air Force. The invitation follows another recent EPAZ announcement that Zenadrone had submitted Phase I SBIR proposals to the US Government. ZenaDrone will hear back from the government in 90 days. The SBIR program is designed to get products into the government market. Additionally, if ZenaDrone is a part of the program, there will be opportunities to sell our drones to US allies. The SBIR program has multiple phases: Phase I contracts have a value of up to $75,000, per proposal Phase II contracts have a value of up to 1.2 million, per proposal There are additional phases after II, that open up major government contracts worth up to $15 million over the next three years. EPAZ has an opportunity to make significant revenue from the SBIR contracts over the course of the next few years. Epazz CEO Shaun Passley, Ph.D., said, “We are taking multiple pathways to become a government contractor of drones. It is a major opportunity for us, as Chinese drones are banned in the US government. It has opened up major demands for our drones.” The US government has a major need for non-Chinese drones. The government is pushing initiatives to obtain made-in-America drones through its BlueUAS program. ZenaDrone is currently in the process of applying for BlueUAS. According to the company, the current list of American-made drones is very short. ZenaDrone Inc. is a provider of a multifunctional unmanned aerial vehicle equipped with machine learning systems, multispectral sensors, and AI technology. A 3D interactive environment is made by ZenaDrone using the data its cameras collect. The ZenaDrone team will employ predictive AI analytics, a type of analysis that makes predictions of future events based on collected data by using techniques and resources to build predictive models. Data mining, statistical modeling, machine learning algorithms, and complex mathematics are some of the methods used in predictive analytics. EPAZ finished Wednesday up 18.18%. With more news on the way, put EPAZ on your watchlist. Additional stocks in the drone segment that are worth noting are: Draganfly, Inc. (NASDAQ: DPRO) (CSE: DPRO) is an award-winning, industry-leading drone solutions and systems developer. On the 28 of February,it announced that its Field Operations Team successfully completed site assessments in Ukraine as part of the first phase of integration of its landmine detection technology. Draganfly personnel have completed operations and site assessments to integrate personnel and technology into upcoming landmine detection operations. These missions were critical in determining the array of complex sensors and equipment that would be required to aid in the advancement of mine clearance strategies and the allocation of field resources. Teledyne Technologies Incorporated (NYSE:TDY) is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne FLIR, a Teledyne Technologies company, is a world leader in intelligent sensing, unmanned systems, and integrated solutions for defense and industrial markets. On Feb. 8th, Teledyne FLIR Defense announced that it has been awarded a $13.3 million contract by the U.S. Department of Defense to further expand the capabilities of its R80D SkyRaider unmanned aerial system to autonomously perform chemical, biological, radiological and nuclear reconnaissance missions. AeroVironment (NASDAQ: AVAV) offers technological solutions that combine robotics, sensors, software analytics, and connectivity to produce more useful intelligence. Announced on March 1, AVAV was selected by the United States Army on Feb. 28, 2023, to move forward in the Future Tactical Unmanned Aircraft System program (FTUAS). AeroVironment is the only company to secure an award for all FTUAS program increments, including FTUAS Increments 0,1 and now 2 Increment 2 is the final phase of the U.S. Armys FTUAS program competition to select a replacement for the RQ-7B Shadow UAS. Honeywell (NASDAQ: HON) delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. In early February, a drone piloted by the Honeywell IntuVue RDR-84K radar system demonstrated the UAV dodging collisions autonomously in test. The tests showed that the radar can not only detect airborne traffic but can also decide autonomously on a course of action. The radar can take over navigation and pilot an aircraft to safety using its onboard processor. The primary business of Lockheed Martin Corporation (NYSE: LMT), a multinational security and aerospace company, is the research, design, development, manufacture, integration, and maintenance of advanced technology systems, products, and services. Lockheed Martin has been providing advanced autonomous systems to the US military and its allies for decades. Through strategic investments and nontraditional partnerships, LMT is combining commercial best practices with their technological expertise to bring autonomy capabilities to the defense industry rapidly and affordably. An announcement made on March 1 stated that Fortem Technologies, a pioneer in the fields of airspace awareness, security, and defense, had received $17.8 million in funding. Newly important industry investors, including Lockheed Martin Ventures as well as Hanwha Aerospace and AIM13/Crumpton Venture Partners, were the main drivers of the funding. Existing investors, DCVC and Signia Venture Partners, have also contributed additional funds. The company's expansion and opportunity in the counter-UAS and advanced air mobility markets are strongly supported by the investments made by these sector-leading businesses. Razorpitch Inc. is a marketing communications and investor relations firm serving private, pre-IPO, and public companies. RazorPitch specializes in corporate, investor, and stakeholder communications, with a primary focus on sponsored media. Our goal is to raise visibility, expand awareness, and increase value. To learn more, visit RazorPitch.com. Disclaimers: This article contains sponsored content. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. RazorPitch is responsible for the production and distribution of this content. RazorPitch is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. RazorPitch authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. RazorPitch has been compensated by EPAZ to produce and syndicate this content. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website. Contact Details Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://razorpitch.com

March 02, 2023 05:00 AM Eastern Standard Time

China Tower (788.HK) Announces 2022 Annual Results

China Tower Corporation Limited

HONG KONG SAR - Media OutReach - 2 March 2023 - The world’s largest telecommunications infrastructure service provider China Tower Corporation Limited (“China Tower”, or the “Company”) (Stock Code: 0788.HK) is pleased to announce its annual results for the year ended 31 December 2022. Performance Highlights Our operating revenue grew steadily by 6.5% year-on-year, reaching RMB92,170 million in 2022. EBITDA[1] reached RMB62,844 million, with an EBITDA margin[2] of 68.2%. Profit attributable to owners of the Company was RMB8,787 million, with a year-on-year growth of 19.9%. Our net profit margin was 9.5%, showing a continued improvement in profitability. Our cash flow remained robust, with net cash generated from operating activities for 2022 reaching RMB65,134 million. Capital expenditures stood at RMB26,207 million, while free cash flow[3] reached RMB38,927 million, or growth of 10.2% year-on-year. Our financial position remained healthy. As of 31 December 2022, total assets reached RMB305,560 million, interest-bearing liabilities were RMB79,119 million and our gearing ratio[4] was 27.7%, a decrease of 5.7 percentage points from the year before. Shareholder returns are one of our priorities. After considering our profitability, cash flow, and future development needs, the board of directors of the Company (the “Board”) has recommended a final dividend of RMB0.03232 per share (pre-tax) for the year ended 31 December 2022, equivalent to a payout ratio of 72% of our annual distributable net profit. Driven by the “5G + DAS” dual growth engines, TSP business grew steadily We capitalized on the increasing penetration of 5G network coverage by reinforcing our advantages in resource coordination and sharing and professional management to streamline our construction and service models. This has enabled us to address our customers’ network construction needs in an intensive and effective manner. Our TSP business revenue reached RMB83,031 million in 2022, an increase of 3.5% year-on-year. Tower business. We advocated for the inclusion of 5G base-station sites in development planning and played an active role in setting the wireless communications specifications for buildings. Complying with these specifications, we have been included in the administrative approval process for new construction projects, further strengthening our ability to coordinate and share resources. We launched innovative low-cost construction solutions to sharpen our capability in providing integrated wireless communications coverage solutions. A higher level of resource sharing enabled us to comprehensively satisfy customer demand for 5G construction. We completed approximately 745,000 5G base-stations during the year, of which more than 96% were delivered through sharing existing resources. In addition, we focused our efforts on tackling difficult sites and continued to enhance our service quality. Alongside an improving capability in site maintenance, customer satisfaction grew. In 2022, our Tower business generated revenue of RMB77,204 million, or year-on-year growth of 1.8%. As of 31 December 2022, we managed 2.055 million tower sites, representing a net increase of 17,000 sites from the end of 2021. The number of TSP tenants reached 3.362 million, an increase of 102,000 from the end of 2021, and the TSP tenancy ratio also increased from 1.60 to 1.65 over the same period of last year, showing a continuous increase in the level of site co-location. DAS business. We focused on providing 5G coverage for key scenarios and key sectors including education, cultural tourism, transportation and healthcare, with an integrated approach to coordinating resources and demands. Playing an important role in coordinating site entry and construction, we were able to take up all DAS construction demand for key venues, scenarios and sectors, providing customers with differentiated and diversified indoor coverage solutions. In addition, we stepped up innovation to develop sharable DAS products and solutions. We enhanced our professional capabilities to optimize our advantages in providing low-cost and green and low-carbon DAS solutions, complemented by our quality services, driving accelerated growth in the DAS business. This business has increasingly become the second growth engine of our development. In 2022, our DAS business recorded revenue of RMB5,827 million, representing a year-on-year increase of 34.3%. As of 31 December 2022, we had covered buildings with a cumulative area of 7,390 million square meters, representing a year-on-year increase of 48.1%. Our high-speed railway tunnels and subway coverage reached a cumulative length of 20,040.2 kilometers, a year-on-year increase of 18.5%. Grasping strategic opportunities to boost strong growth in Two Wings business By leveraging the opportunities brought forth by the growth of the “digital economy” and the “dual carbon” goals, we focused on product innovation and business optimization to fortify our competitive advantages. As a result, the Two Wings business sustained a robust growth trajectory with revenue in 2022 reaching RMB8,904 and accounting for 9.7% of our overall operating revenue, an increase of 2.6 percentage points from the same period in 2021. The business contributed 49.7% to our incremental operating revenue for the year, an increase of 9.7 percentage points year-on-year, further solidifying our multi-pillar business development structure. With a focus on “Digital Tower”, Smart Tower business growth accelerated. Serving the national strategic goals. We stood at the forefront of the digital economy to seize opportunities arising from its development, playing a proactive role in building the national governance system. By upgrading over 200,000 “telecommunication towers” to “digital towers”, we helped enforce fishing prohibition along the Yangtze River, as well as taking part in ecological restoration, farmland protection, forestry fire prevention and other national initiatives. In doing so, we contributed to projects including alleviating pollution, conserving the ecology of the Yangtze River and safeguarding China’s 1.8 billion mu of farmland. This approach not only supported the development of Ecological China and Beautiful China, but also enhanced efficiency and value of the Company. Enhancing product capabilities. We increased investment in research and development (R&D) to speed up product upgrade and iteration. Our Tower Monitoring products continued to establish their leadership centered around five areas – platform, data, algorithm, application and operation. We launched seven industrial application of Tower Monitoring products covering the smart protection of forestry, farmland, wheats, blue skies, reservoirs, fishery, and villages, as well as the smart monitoring of straw burning. These products helped us address the diverse needs of our customers. Upgrading customer services. We have built out a one-on-one, face-to-face and round-the-clock “companion” service system that covers every procedure to offer our customers professional, systematic and personalized services. We put in place sound information security and data protection and are continuously improving our customer service quality. In 2022, our Smart Tower business achieved revenue of RMB5,704 million, a year-on-year increase of 40.5%, of which RMB3,694 or 64.8% was generated from Tower Monitoring business. Stepping up business development provided strong growth momentum for Energy business. Aligning with the national “dual carbon” goals, we leveraged our abundant site resources to continuously strengthen core capabilities, supporting our overarching strategy of developing our expertise, strengthening our platform, optimizing our service, and building our brand in this space. In core business areas such as battery exchange and power backup, we focused on scaling up and specializing operations. For our battery exchange business, we accelerated network expansion in a cost-effective manner, taking a deep dive into the takeaway and delivery market and strengthening collaboration with business customers to maintain growth in our user base. As of 31 December 2022, we have approximately 902,000 battery exchange users, an increase of 290,000 from the end of 2021, further strengthening our leadership position in terms of user base. For the power backup business, we focused on key sectors such as telecommunications and finance, enriching our standardized power backup products and marketing the four-in-one solution covering power backup, power generation, monitoring and maintenance, which plays an important role in supporting the smooth running of infrastructure in our society. In 2022, our Energy business achieved revenue of RMB3,200 million, a year-on-year increase of 54.5%, of which the battery exchange business accounted for RMB1,800 million, with its contribution to the Energy business reaching 56.3%. Mr. Zhang Zhiyong, Chairman of China Tower said, “Looking ahead, we will remain focused on grasping the opportunities brought by the development of 5G new infrastructure, the digital economy, and the green-oriented transition of energy. Anchored around our positioning as a world-class information and communications infrastructure service provider and a highly competitive information and new energy applications provider, we will further the implementation of the “One Core and Two Wings” strategy and continue to drive development centered around sharing, service, innovation, technology and value creation. In doing so, we will build upon an operating system that is professional, intensive, delicate, efficient, and digitalized, solidifying the new paradigm of high-quality development and creating greater value for shareholders, customers, and society.” [1] EBITDA is calculated by operating profit plus depreciation and amortization. [2] EBITDA margin is calculated by dividing EBITDA by operating revenue, and multiplying the resulting value by 100%. [3] Free cash flow is the net cash generated from operating activities minus the capital expenditures. [4] Gearing ratio is calculated as net debt divided by the sum of total equity and net debt, then multiplied by100%. Net debt is calculated as the amount of interest-bearing liabilities minus the amount of cash and cash equivalents. About China Tower (Stock Code: 0788.HK) China Tower is the world’s largest telecommunications tower infrastructure service provider, and the Company always adheres to the philosophy of shared development and implements the “One Core and Two Wings” strategy. The Company is principally engaged in the construction, maintenance and operation of base station ancillary facilities such as telecommunications towers, public network coverage in high-speed railways and subways, and large-scale indoor Distributed Antenna Systems (DAS). Meanwhile, relying on unique resources to provide energy application services such as information application and intelligent battery exchange and power backup to the society, the Company strives to build itself into a world-class information and communications infrastructure service provider, and a highly competitive information and new energy applications provider. As of the end of 2022, the Company's total assets amounted to RMB305,560 million. China Tower operated and managed 2.055 million tower sites across 31 provinces, municipalities and autonomous regions in the PRC, and served over 3.583 million tenants with the tenancy ratio of 1.74. Contact Details Strategic Financial Relations Limited Vicky Lee / Sharon Lau / Aggie Fang sprg_chinatower@sprg.com.hk

March 02, 2023 02:33 AM Eastern Standard Time

News Release

ShiftCarbon details US$5M engagement with solutions by stc; initial roll-out of Focused Footprint

ShiftCarbon

ShiftCarbon CEO Wayne Lloyd joined Proactive's Stephen Gunnion with details of the company's first revenue-generating engagement with Saudi Arabian tech giant solutions by stc. The first phase of revenue from the project is estimated to be US$5 million, and Lloyd said there is potential for additional revenue in the form of a long-term supply of goods as the smart city becomes operational. ShiftCarbon, an Internet of Things (IoT) platforms provider and innovator in end-to-end decarbonization solutions, has also announced it is rolling out its Focused Footprint tool for carbon emissions calculations in the marine industry. Lloyd told Proactive there is scope for Focused Footprint to be extended to other industries as they tackle their carbon emissions. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

March 01, 2023 01:57 PM Eastern Standard Time

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Boys & Girls Clubs of Snohomish County and Comcast Partner to Open New Digital Computer Lab for Kids in Lynnwood

Comcast Washington

Boys & Girls Clubs of Snohomish County (BGCSC) and Comcast opened a new Enhanced Lift Zone at the Alderwood Boys & Girls Club in Lynnwood last night. Comcast provided an $85,000 investment and state-of-the-art technology makeover for the space to take full advantage of the free internet connectivity already offered by the company through its Lift Zone program. The technology equipment installed in the Enhanced Lift Zone includes a 3D printer, 20 computers, webcams, TV displays to support group video lessons and more. Comcast also announced an additional $25,000 donation to Boys & Girls Clubs of Snohomish County for additional programing at the Grand Opening Ceremony. The contribution is part of a long partnership between the two organizations and will provide immersive tech and STEM-related activities for kids in Snohomish County. Lynnwood Mayor Christine Frizzell and Snohomish County Council Legislative Aide Josh Thompson joined the Boys & Girls Clubs of Snohomish County, Comcast, and more than 50 local families at the unveiling ceremony yesterday at the Alderwood Boys & Girls Club. According to a K12 Report Card from the Washington Office of Superintendent of Public Instruction ( OSPI ), fewer students in Washington state schools have met English, Math, and Science standards since the pandemic. Further complicating this trend is that 20 percent of fourth-grade and 10 percent of eighth-grade students in Washington do not have access to the internet and a computer at home, according to a study from the National Center for Education Statistics. "Lack of internet access in the home limits access to education, and our new Enhanced Lift Zone from Comcast can play a critical role in supporting kids to help them with their schoolwork and activities in reading, writing, math, and science," said Marci Volmer, COO – The Boys & Girls Clubs of Snohomish County. "This space is part of a much larger effort with Comcast to connect students in the home through discounted service programs like Internet Essentials and outside the home with additional Lift Zones at our 12 clubs in Snohomish and Island Counties." Lift Zones and Enhanced Lift Zones are a part of Comcast's ongoing commitment to help connect students and families in need to the internet so they can fully participate in educational opportunities and the digital economy. Since 2020, Comcast has collaborated with cities, community organizations, and local nonprofit partners to install Lift Zones with free WiFi service in nearly 100 community centers across Washington state. "Connectivity in the home continues to be our top priority with Internet Essentials, and the number one solution for income-constrained households," said Boys & Girls Clubs of Snohomish County Board Member and Comcast Pacific Northwest Region VP of Finance and Business Operations Kevin Harrison. "But it is not the only answer. Comcast also plays an important role in connecting people to the internet outside the home, and our Lift Zones and Enhanced Lift Zones seek to address that need." This effort is part of Project UP, Comcast's $1 billion commitment to reach tens of millions of people over the next 10 years with the tools, resources, and skills needed to succeed in a digital world. Project UP is Comcast's company-wide initiative to advance digital equity, which includes Internet Essentials, the nation's largest and most comprehensive broadband adoption program. Since 2011, Internet Essentials has connected more than 140,000 households in Washington, including nearly 14,000 households in Snohomish County, to high-speed internet at home, many for the first time. Internet Essentials' comprehensive design addresses three significant barriers to broadband adoption, including access to free digital literacy training in print, online, and in-person; the option to purchase a heavily subsidized, low-cost internet-ready computer; and low-cost, high-speed internet service for $9.95 a month, plus tax. For more information about Internet Essentials and Comcast’s commitment to education and digital equity, please visit https://corporate.comcast.com/education. To apply, visit www.internetessentials.com or call 1-855-846-8376 for English or 1-855-765-6995 for Spanish. For more information about Comcast’s comprehensive connectivity program for low-income Americans visit https://corporate.comcast.com/values/internet-essentials. Comcast is also proud to participate in the Affordable Connectivity Program (ACP), which provides eligible households a credit of up to $30/month towards internet and mobile services. For more information, visit https://www.xfinity.com/learn/internet-service/acp About Boys and Girls Clubs of Snohomish County The Boys & Girls Clubs of Snohomish County is a non-profit organization providing young people ages 5-18 with a safe and positive place to spend their time before and after school and during the summer. Clubs are strategically located in neighborhoods and are accessible to all kids. Since 1946, the Boys & Girls Clubs of Snohomish County has been helping young people, especially those who need us most, to reach their full potential as productive, caring, responsible citizens. To learn more, please visit our website: https://bgcsc.org/ About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with over 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Jack Follman jack__follman@comcast.com Company Website https://washington.comcast.com/

March 01, 2023 09:45 AM Pacific Standard Time

Apple Shareholder Demands More Transparency on China; Seeks Removal of Tim Cook, Al Gore from Board of Directors

National Legal & Policy Center

Ahead of Apple Inc. ’s annual meeting on March 10, National Legal and Policy Center is calling upon its fellow shareholders in the company to support its proposal to provide greater transparency about its risks of doing business in China, and to join the organization to oppose the reelections of CEO Tim Cook and former U.S. Vice President Al Gore to the board of directors. NLPC is sponsoring a “Communist China Audit” resolution at the meeting, which seeks an annual report to shareholders that addresses “the nature and extent to which corporate operations depend on, and are vulnerable to, communist China….” The item is Proposal No. 6, found on page 82 of Apple’s proxy statement. NLPC’s response to the Apple board’s opposition to its proposal was filed with the Securities and Exchange Commission in mid-February. NLPC also reported to the SEC last month its opposition to the reelections of Cook and Gore to the company’s board of directors. An excerpt from NLPC’s filing on Cook says: Since taking over as CEO in 2011, Mr. Cook has failed numerous times to live up to what he says are Apple’s ethical standards, and he has made multiple strategic mistakes that have cost the company billions of dollars. These include labor rights failures, privacy violations, and overreliance on China. But he is shielded from accountability, in part because of his position on Apple’s board. He should be removed as a director so the proper chain of command can be restored. An excerpt of NLPC’s filing on Gore states: Mr. Gore has held a position on Apple’s board since 2003, despite having no relevant experience in technology or core business functions. His primary benefit to the board is his supposed climate change expertise. However, Mr. Gore’s public reputation is inconsistent with his track record, his carbon-intensive lifestyle, and his actual investments. Instead, he has used his public advocacy as a tool for personal enrichment. In addition, his political activism poses to Apple a reputational risk that is not worth his limited skillset. “It may be counterintuitive for shareholders to ‘upset the Apple-cart’ with our proposed changes, since the company is always among the highest valued in the world,” said Paul Chesser, director of NLPC’s Corporate Integrity Project. “But Corporate America is slow to recognize the threat from China, just like companies were caught by surprise by Russia’s invasion of Ukraine, and had to scramble to exit suddenly.” “We don’t want to see a repeat if the saber-rattling communist government actually attacks Taiwan,” Chesser added. “Tim Cook was blindsided by China’s ‘zero COVID’ crackdowns last year and Apple’s holiday sales suffered greatly as a result, so he needs a ‘time-out’ while the board monitors his leadership further. And at this point Al Gore is a cartoon caricature who is routinely mocked and scorned – he needs to go as well.” ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. 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 Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

March 01, 2023 12:30 PM Eastern Standard Time

Fibernet Announces Partnership with Panamerica Computers, Inc. dba PCi Tec

1BusinessWorld

Fibernet has been at the forefront of fiber optic application development for more than three decades. The company, headquartered in Israel, has been a main leader in the Israel fiber optics revolution, covering telecom, hi-tech, medical, corporate, government, military, and other vertical markets. Fibernet is globally recognized for their specialized work with the CERN Collider, one of the most advanced physics research projects ever undertaken. The company took part in four of the eight experiments of the collider, CMS, ATLAS, LHCb and ALICE and received 3 awards from CERN for participation in those projects. As a result of growing geo-political cyber-threats and the demand for both secure fiber alongside KVM, AV, and multi-media cybersecurity products, Fibernet has decided to accelerate their international growth and expand into the U.S. market. For that effort, Fibernet is building a fortified network of service providers, engineering experts, and value-added federal partners to develop and support their projects. Fibernet is very excited to announce that they are commencing the US partnership expansion with PCi-Tec, in business since 1993, which has become a leading and highly trusted national information technology (IT) solution and services provider across the Federal government. “Cyber-risks of data theft and network infection are huge when companies use uncontrollable computer peripherals or products that have been manipulated or tampered with. Physical security protects you in a way that software security cannot. Fibernet cybersecurity products are approved and certified by Israeli regulators and adhere to strict regulations and standards. Government, defense, and finance organizations (among other vertical markets) in Israel use Fibernet cybersecurity products extensively, and we now bring our experience to the United States. We are happy to integrate Israeli cyber technologies for federal needs in partnership with our responsible partner,” said Avner Aslan, CEO, Fibernet. “PCi Tec is thrilled to be selected by Fibernet as their leading federal partner," according to John Bruton, PCi Tec Vice President, Federal Sales. "In today's digital environment, everything is vulnerable. There is a critical need for security by design for data centers. That is particularly true when the government and its information are involved, ranging from networks and workstations to AV and multi-media peripheral hardware devices. Fibernet brings a vital level of added cybersecurity protection to all devices. PCi Tec is eager to bring Fibernet's powerful portfolio of cybersecurity solutions to make our federal clients safer." All news and content distribution in partnership with News Direct About Fibernet LTD: Our knowledge, experience, and creativity in the fields of cybersecurity and fiber optic applications are at your service. Designing your greatness means partnering with you to find and then implement the solution that is right for you, no matter how simple or complex.Founded in 1993, Fibernet expertise spans the range from specialty fibers to telecommunications infrastructure, high mix low volume or large, even world-famous, projects in multiple business sectors. Fibernet About PCi Tec PCi Tec: Service, Quality and Value to Inspire, Innovate and ConnectPanamerica Computers, Inc., dba PCi Tec, was established in 1993. From humble beginnings, it has evolved into a leading national information technology (IT) solution and services provider across the Federal government. PCi Tec is a Historically Underutilized Business Zone (HUBZone) firm certified by the U.S. Small Business Administration (SBA), a Small Disadvantaged Business (SDB) and a Small Women Owned Business certified by the U.S. Women's Chamber of Commerce.PCi Tec's solutions range from satisfying the most basic IT hardware and software needs to addressing some of the government’s most complex IT requirements and challenges. PCi Tec's primary technology domains include cybersecurity, data center, and data analytics as well as end-user technologies.PCi Tec offers a wide variety of GWAC, IDIQ, and BPA vehicles to its customers. These vehicles are designed to streamline the federal procurement process, making it fast and easy for customers to purchase the most advanced technologies. PCi Tec also works with leading systems integrators in support of federal programs. About 1BusinessWorld 1BusinessWorld is a global business ecosystem, network and marketplace that provides entrepreneurs, business owners and professionals with the information, tools, resources and connectivity needed to succeed throughout their company’s growth journey, toward a better business world. Our vision is based on the reality that we live, work and do business in one global interconnected business environment, and hence our motto: “One World, One Business World”. Our mission is to encourage and support global communication and collaboration among entrepreneurs, professionals, and businesses. 1BusinessWorld Contact Details Media Enquiries +1 212-220-6677 info@1businessworld.com Company Website https://1businessworld.com

March 01, 2023 12:05 PM Eastern Standard Time

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