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NexWafe Welcomes Bruno Laranjeira as New Chief Financial Officer

NexWafe

NexWafe GmbH today announced Bruno Laranjeira has joined the company as Chief Financial Officer (CFO). Laranjeira brings significant startup venture and energy market experience to NexWafe and will help the company scale its finance and administrations functions. “Bruno’s background and experience are tightly aligned with the needs of the company, particularly as we position NexWafe for a Series D funding round,” said Davor Sutija, CEO, NexWafe. “His multi-layered expertise in strategy and finance and demonstrated track record of impact in high-growth environments make Bruno the ideal executive to drive our financial strategy now and in the future.” NexWafe recently closed its Series C funding round with an additional 7 million Euros in the second close. This brings the total Series C financing to 39M Euros. These funds will be used to complete product and technology development for NexWafe’s solar photovoltaic products on prototype lines in Freiburg. The funding from the projected Series D round will advance the construction of NexWafe’s pilot facility scheduled to break ground early next year. NexWafe is creating processes to develop and produce high-efficiency monocrystalline silicon wafers directly from inexpensive raw materials, going directly from the gas phase to finished wafers. This unique, patented wafer manufacturing solution significantly reduces production costs, cuts carbon emissions by more than 70 percent when compared to traditional processes and is leading the path to solar cell efficiency of over 30 percent. NexWafe is a member of the Ultra Low-Carbon Solar Alliance, Solar Power Europe and the European Solar Manufacturing Council. Prior to his new position with NexWafe, Mr. Laranjeira served as the CFO of Dott and in various executive-level financial roles at The AES Corporation. He was also an Engagement Manager at McKinsey & Company where he worked together with clients to solve complex business problems and implement solutions for sustainable value creation. Mr. Laranjeira earned a Ph.D. in Finance from the University of Illinois at Urbana-Champaign (UIUC). He was awarded the UIUC Carey Memorial Fellowship in Finance, the Brandt Fellowship, and the University Fellowship for his research on corporate finance. He published his research in the NBER working paper series and in the Critical Finance Review journal. Frank Siebke, a co-founder of NexWafe who served as CFO since the company’s inception, is moving to the position of SVP Strategic Business Development. About NexWafe GmbH NexWafe GmbH designs, develops and pilots a proprietary process to produce ultra-thin, high efficiency, monocrystalline green solar wafers to make photovoltaics more sustainable and efficient. Fully compatible with conventional solar cell manufacturing, NexWafe offers a 70% reduction in carbon dioxide emissions during manufacturing. NexWafe’s continuous, direct gas-to-wafer manufacturing process also minimizes waste, resulting in wafers that are 30% less expensive than conventional wafers. NexWafe’s in-line, ultra-scalable process shatters cost down roadmap barriers and inherently supports the industry’s extraordinary growth as the transition to solar power accelerates worldwide. The company was spun out from Fraunhofer Institute for Solar Energy Systems ISE in 2015. For more information, please visit https://www.nexwafe.com and follow us on LinkedIn and Twitter. Contact Details Rainier Communications Jenna Beaucage +1 508-340-6851 nexwafe@rainierco.com Company Website https://www.nexwafe.com

June 07, 2022 07:46 AM Eastern Daylight Time

Fresho secures $10m to accelerates US and UK expansion plans to make food supply chains more sustainable

Fresho

Fresho, a company that aims to make food supply chains more sustainable between restaurants and their suppliers, has whet the appetite of investors with a $10m series A funding round. Fresho is used by tens of thousands of chefs who simply reach for their device to choose exact quantities for their needs, much like an online shopping experience but specifically tailored to the fast paced B2B food industry. Buyers see live prices and specials, allowing for informed product choices and assistance in food cost management. Suppliers receive the order immediately in an easy-to-use dashboard, which reduces data entry, errors and helps them fulfil orders without delay. The real time sales data enables suppliers to manage purchasing more efficiently and eliminates wastage before it becomes an issue. See how it works here. More than 38,000 foodservice venues across the UK, Australia, New Zealand, and the United States have now used the innovative software solution, with more than $1b processed through the platform annually. Fresho’s user base consists of restaurants, hotels, hospitals, cafes, schools, farm shops, QSRs and independent retailers. Fresho co-founder and Managing Director James Andronis, a former wholesale seafood senior executive from Australia, said increased investment in Fresho’s team and its leading-edge technology was driving the business. “We’ve managed to attract some of the best talent in the UK, Australia and New Zealand and they’re steering our continued investment in state-of-the-art technology,” Mr Andronis said. Fresho now employs over 60 people after launching in the UK in 2021. “This capital raise will enable us to accelerate our growth in the United Kingdom and a strong launch into the United States. Like our other markets, restaurants and suppliers in the US are itching to be more progressive but still working with antiquated processes such as email, phone calls, whatsapp and even the old fax machine. B2B food supply chains are changing at a rapid rate around the world with an increased focus on efficiency and lowering waste. We understand the industry and our tech solves key pain points for these businesses. The adoption of tech is speeding up and it’s fascinating to watch the industry progress at such a fast pace.” The food service market in those four key markets is worth a whopping $415b and is one of the last remaining antiquated industries with a lot of offline interactions. This funding round adds a number of new investors to a strong existing base that includes London based Primorus Investments (LON:PRIM). New investors include venture-capital firm Capital Zed, Andrew Sypkes (who was an early-stage investor in Canva, Aconex and Redbubble), and Second Quarter Ventures (Australia’s leading secondaries fund). In London, a number of iconic venues place orders with Fresho. These include Michelin star rated restaurant Wild Honey within Sofitel St James, Polpo, 1 Lombard Street, and the Bingham Riverhouse. Fresho’s other co-founder and Managing Director Huw Birrell, a former investment banker, reflected on the impact his business’ rapid recent growth is having in making food supply chains more sustainable. “A combination of the depth and breadth we hold in the food supply chain across various geographies, along with our leading-edge technology means we have an incredible bank of insights into food trends and market movements.” “We intend to use this intelligence to help drive improved sustainability in the sector and ensure increased prosperity for all participants in it. As an example, we recently worked with Apple & Pear Australia Ltd that represents Australia’s apple and pear growers to provide data on which varieties have had increasing or declining consumption which they previously had no access to. The power of this data is extraordinary and has the ability to change growing decisions in the future.” Mr Birrell added that he and his team harbour ambition to be the world’s leading ordering platform for food supply chains, and a major source of intelligence for the food industry About Fresho Fresho is used by tens of thousands of chefs who simply reach for their device to choose exact quantities for their needs, much like an online shopping experience but specifically tailored to the fast paced B2B food industry. Buyers see live prices and specials, allowing for informed product choices and assistance in food cost management. Suppliers receive the order immediately in an easy-to-use dashboard, which reduces data entry, errors and helps them fulfil orders without delay. The real time sales data enables suppliers to manage purchasing more efficiently and eliminates wastage before it becomes an issue. See how it works here. Contact Details Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.fresho.com/

June 07, 2022 07:00 AM Eastern Daylight Time

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Elsevier Closes Interfolio Acquisition

Elsevier

Elsevier, a global leader in research publishing and information analytics, and part of RELX, has closed the acquisition of Interfolio, a provider of advanced faculty information solutions for higher education, headquartered in Washington DC, US. For over 20 years, Interfolio has supported academics, researchers, higher education institutions and funders. Interfolio’s portfolio includes Faculty Information System (FIS), Dossier, and Researchfish. Faculty Information System enables academics to collect and manage critical data for academic hiring, review, promotion and tenure, through a streamlined and transparent digital process, using faculty activity data which benefits the scholar and the institution. Researchfish technology helps funders and research organisations to collect, track, assess, and gain deep insights into research outputs, outcomes and impacts. Dossier helps individual scholars and researchers to aggregate and efficiently apply for faculty positions and graduate programs. Andrew Rosen, Chief Executive Officer at Interfolio, said: “I am incredibly proud of everyone at Interfolio. We have a singular focus: helping our customers to understand and effectively manage the huge amount of activity that scholars accomplish. As part of Elsevier, we will retain this focus and strengthen our core products for our customers. We will aim to support more institutions internationally, increase data automation to help our customers improve efficiency, and provide sophisticated analytics tools to expand insights and facilitate scholarly work. This is an exciting next step for our business, and I look forward to working with the Elsevier team.” Interfolio will be part of Elsevier’s Research Intelligence portfolio, which includes Scopus, SciVal, Pure and Digital Commons. The combined portfolio will deliver analysis and insights that help academic researchers, research leaders, institutions and funders achieve their strategic goals. Theo Pillay, General Manager of Research Institutional Products at Elsevier, said: “Interfolio has an unparalleled understanding of scholarly faculty activity and managing research assessment data. Its solutions will strengthen our Research Intelligence portfolio and there are strong synergies that will help us deliver increased and accelerated value to both Elsevier and Interfolio customers and users. I am very pleased to welcome the Interfolio team to Elsevier.” Macquarie Capital served as exclusive financial advisor to Interfolio. About Interfolio Conceived by academics for academics, Interfolio is an education technology company headquartered in Washington, DC, US. Founded in 1999, Interfolio serves colleges and universities, funders and research organizations, and individual scholars. More than 400 clients based in 25 countries choose Interfolio’s solutions for hiring and recruitment, academic appointments and timelines, activity data reporting, faculty reviews and promotions, and research impact analysis. Interfolio provides scholar-first products for the full academic lifecycle—from job seeking to professional accomplishments, committee service, funding award compliance, career growth and advancement, administrative leadership, and beyond. For more information about Interfolio, please visit www.interfolio.com. About Elsevier As a global leader in information and analytics, Elsevier helps researchers and healthcare professionals advance science and improve health outcomes for the benefit of society. We do this by facilitating insights and critical decision-making for customers across the global research and health ecosystems. In everything we publish, we uphold the highest standards of quality and integrity. We bring that same rigor to our information analytics solutions for researchers, health professionals, institutions and funders. Elsevier employs 8,700 people worldwide. We have supported the work of our research and health partners for more than 140 years. Growing from our roots in publishing, we offer knowledge and valuable analytics that help our users make breakthroughs and drive societal progress. Digital solutions such as ScienceDirect, Scopus, SciVal, ClinicalKey and Sherpath support strategic research management, R&D performance, clinical decision support, and health education. Researchers and healthcare professionals rely on our over 2,700 digitized journals, including The Lancet and Cell; our over 43,000 eBook titles; and our iconic reference works, such as Gray's Anatomy. With the Elsevier Foundation and our external Inclusion & Diversity Advisory Board, we work in partnership with diverse stakeholders to advance inclusion and diversity in science, research and healthcare in developing countries and around the world. Elsevier is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers. www.elsevier.com About RELX RELX is a global provider of information-based analytics and decision tools for professional and business customers. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs more than 33,000 people over 40% of whom are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York stock exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX. The market capitalisation is approximately £43.2bn/ €50.7bn/ $54.4bn. Contact Details Elsevier David Tucker, Global Communications +44 7920 536160 d.tucker@elsevier.com Company Website https://www.elsevier.com/

June 07, 2022 04:30 AM Eastern Daylight Time

Tara Spalding at the 2022 Leading Entrepreneurs of the World Conference

1BusinessWorld

Coming up today, Monday, June 6, Day 1 at the 2022 Leading Entrepreneurs of the World Conference, we are very excited that Tara Spalding, the Managing Director of BoomStartup Accelerator, joins LEW to talk about simplifying investor relationships! BoomStartUp is an action-oriented, change-making accelerator ecosystem guiding businesses to success through partnerships, mentoring, and funding programs. Tara and her team help startups find the flaws in their business, make a plan, be accountable, and meet their goals. Join the 2022 Leading Entrepreneurs of the World Conference to watch Tara's live session and to connect with her at the event: https://events.zoom.us/e/view/_LwgIoXQQL2gA_LMBaozZA All news and content distribution in partnership with News Direct. About BoomStartUp BoomStartUp is an action-oriented, change-making accelerator ecosystem guiding businesses to success through partnerships, mentoring, and funding programs. BoomStartup’s community of experts sets us apart from other business accelerators. Our network of successful entrepreneurs, executives, and educators bring their passion and experience to the table because they enjoy working with founders who are willing to listen and roll up their sleeves to make meaningful change. BoomStartUp About Leading Entrepreneurs of the World As part of 1BusinessWorld, Leading Entrepreneurs of the World is one of the largest and most comprehensive entrepreneurial platforms and events in the world and features entrepreneurs, founders and business leaders presenting on cutting-edge topics and the latest industry developments. Leading Entrepreneurs of the World 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

June 06, 2022 04:28 PM Eastern Daylight Time

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CargoX Blockchain Technology Takes Flight in Egypt

CargoX

LJUBLJANA, SLOVENIA - (June 06, 2022) - CargoX, the leading company specializing in the digital transfer of trade documents, extends its business engagement with the Egyptian government by providing advanced Blockchain Document Transfer (BDT) services as a core component of the Advance Cargo Information (ACI) system implementation for airborne cargo. The Advance Cargo Information (ACI) system aims at providing business intelligence and governance mechanisms to the government before cargo loading from ports of export, facilitating cargo clearance procedures, creating transparency and audit trail for cargo movements within a paperless ecosystem by digitizing shipment documents transfer using CargoX BDT services. The ACI system is a core component of Egypt’s national single-window platform for international trade (NAFEZA) that is operated by the Public-Private-Partnership company Misr Technology Services (MTS). “The NAFEZA single window platform for digitalization of ocean-freight trade document transfers between Egypt and companies worldwide is an unprecedented success. It is used by more than 90,000 companies and entities worldwide, and we continue building this momentum by adding air cargo documentation processing. This will bring the number of points of entries to 30 – including airports, seaports, dry ports, border posts, free zones, and bonded warehouses,” said Captain Ossama Al Sharif, MTS Chairman & CEO. Background information: Misr Technology Services (MTS) authorized CargoX to be the gateway between the international trade community and the Egyptian national single window for international trade (NAFEZA) by providing blockchain-document-transfer services since January 2021. CargoX platform includes built-in automated workflows for Blockchain Document Transfer (BDT) where the ultimate level of immutability, transparency, reliability, and accountability is achieved. CargoX launched its BDT services on a “TRIAL” basis as early as March 2021 to serve seaborne cargo. The services became “LIVE” as of October 2021. Within this context, cargo shippers pre-lodge shipment documents and data electronically in a secure and prompt manner to ensure that import security screening and customs procedures on the Egyptian side can be accomplished prior to shipment arrival to Egyptian seaports. Since its implementation in seaports, the project has surpassed all expectations. CargoX blockchain solution was used seamlessly and safely to transfer more than 1,500,000 actual trade and finance documents to serve more than 100,000 customers. By providing reliable document transfer services, the CargoX Platform has become the fastest-growing blockchain platform in the logistics industry. It represents one of the most compelling cases for the adoption of the blockchain as a critical tool for streamlining global trade and commerce, as well as business-to-government communication. “NAFEZA has become a unified channel for customers exporting to Egypt by sea, and now also by air. The ACI system will expedite shipment clearance, reduce cost, and eliminate the risk of delays or loss of documents. We are proud that Egypt is yet again a global innovator and a key reference for modernization,” said Gamal Kotb, MTS General Manager. In the sea freight use case, the benefits resulting for users from the adoption of the blockchain technology include a reduction in the average cargo release time from 29 days to 9 days with a notable reduction in container demurrage and storage fees. Compliance costs for shippers in the maritime sector have also been slashed from more than USD$600 to USD$165, or less as a consequence of the move onto the blockchain. In air freight, the real-time delivery of documents will play an even more essential role, as cargo travel times are much shorter, and processes run with higher task frequency. “Mr. Stefan Kukman, CEO of CargoX said, “CargoX is proud to be developing the most cutting-edge digital solution for global trade - arguably the most important industry in the world,” “It is incredibly satisfying to already be working with some of the most selective companies in the logistics industry and forward-thinking governments that have made the CargoX Platform the fastest-growing blockchain platform in the logistics industry,” —Kukman added. About CargoX CargoX Ltd is a global company specializing in document transfer solutions, based on blockchain transactions and an ownership validation platform. The core team of founders brings together more than 100 years of experience in the logistics, banking, programming, IT and blockchain industries. Users of CargoX’s BDT platform can upload or create electronic trade documents and then transact ownership of them like money through a global bank, at any time, with the following benefits: ● Irrevocable transfer of ownership of the documents ● Unbreakable, neutral, public Ethereum blockchain ● The audit trail of events is only available to the participants involved ● Confidentiality and full protection of data, identity and business connections ● More than 65 document types are supported (eBL, eLC, Certificates, Contracts, Invoices) Contact Details CHARLIE PESTI —The world’s best publicist for supply chain technologies. Charlie Pesti +1 267-439-4355 charlie@pesti.io Company Website https://cargox.io/

June 06, 2022 10:02 AM Eastern Daylight Time

News Release

Cube Chain launches high performance modular mainnet to meet market demand for Web 3.0

Cube

World’s leading public Web3 blockchain, Cube Chain, on Monday announced the launch of its Cube mainnet -- the end product of Cube Chain’s blockchain project that is accessible by the public. Cube Chain is a new, modular and permissionless blockchain designed based on multi-chain architecture. Similar to various public chains such as Ethereum and Polkadot, Cube Chain is committed to resolving the blockchain’s trilemma -- a widely-held belief that decentralized networks can only provide two out of three benefits at any given time with respect to decentralization, security and scalability. The popularity of large-scale applications of blockchain technologies such as GameFi, DeFi and NFT, have fueled market need for public chains that encompass high performance and advanced security while maintaining scalability. Cube Chain fully intends to fulfill all three criteria while catering to market demand, and early reception from the public contains strong success indicators. Since its testnet (blockchain used for testing and experimentation) was launched on May 25, transaction volumes have exceeded 1.7 million, while the total number of addresses has exceeded 134,000. A slew of next-generation features the places Cube Chain in an ideal position to solve the blockchain trilemma while meeting the needs of the blockchain market. The key architecture behind Cube Chain splits the functions of the blockchain more systematically to optimize performance, security and scalability. Cube Chain is designed with the execution layer for transaction execution by using the ZK Rollup-based Validium solution and a self-developed Collaborative Rollup solution as the system's execution engine. Consensus-wise, Cube Chain uses a settlement layer that is fully compatible with EVM and Ethereum protocols and introduces a high-performance consensus protocol that supports large-scale node participation. With respect to raw data storage for transactions, Cube Chain has a data availability layer that implements block data sharding and sampling validation schemes to provide efficient and reliable storage services. For Rollup and NFT applications, there is no longer a need to rely on external storage solutions as the processing logic and data are fully managed. In addition, Cube Chain has developed a decentralized cross-chain communication protocol named “Time Crossing”, which supports cross-chain DeFi contract calls and is compatible with the Cosmos IBC protocol. Huobi Global, the world's leading crypto exchange, has listed the CUBE token on Primelist at 13:00 (UTC) on June 6 2022. Primelist is a new token listing platform on Huobi Global that showcases high-quality tokens. With Primelist, participants stand a chance to buy CUBE tokens at low prices and trade them when the event ends. "The mainnet launch signals an important milestone in Cube Chain construction. Moving forward, Cube Chain will continue to develop and maintain its chain with a more modest attitude and a more dedicated spirit," said Jake Stolarski, CEO of Cube. "Active ecology is also the focus of Cube's future construction, and we hope more users, assets and projects can be better developed on Cube Chain." For more information about the Primelist of Cube Network, please visit here. For more information about Cube, please visit: https://www.cube.network/ About Cube Chain Cube is a high-performance, scalable and modular layer1 public chain, capable of supporting multi-chain and cross-chain architecture. Compatible with EVM and Cosmos ecosystems, Cube is actively committed to participating in the development of decentralized cross-chain protocols and Web3.0 infrastructure to provide users with the next-generation multi-chain experience. Contact Cube Chain Twitter：https://twitter.com/Cube0x Telegram：https://t.me/Cube_Network Contact Details Ker Zheng media@global-hgroup.com

June 06, 2022 08:52 AM Eastern Daylight Time

GSBA AND COMCAST RENEW RELIEF EFFORT FOR SMALL BUSINESSES WITH THIRD ROUND OF “READY FOR BUSINESS FUND”

Comcast Washington

Following the success of the Ready for Business Fund in 2020 and 2021, GSBA – Washington’s LGBTQ+ and allied chamber of commerce – and Comcast are renewing the Ready for Business Fund relief effort this year to provide more than $200,000 in grants to eligible small businesses throughout the state. Starting Monday, June 13, small business owners may find more information and apply for Ready for Business Fund grants at theGSBA.org/ready-for-business. According to a 2022 survey, almost all small businesses (97%) are concerned about inflation, and rising costs are the most significant threats small businesses currently face. Boosting revenue from online sales has now become the No.1 priority for small businesses. To offer some relief and help small businesses continue to grow and adapt, the Ready for Business Fund will provide $2,500 cash grants to more than 80 small businesses throughout Washington. Emphasis will be placed on small business owners at greater risk, including people of color, women, and members of the LGBTQ+ community. Small businesses located in rural areas of Washington will also be considered. “Runaway inflation and increased expenses are hitting our small businesses hard in Washington,” said Ilona Lohrey, GSBA Deputy Director. “Providing a cash grant with wrap-around services to promote visibility and support is critical as more small businesses use more digital technology to drive online revenue. $2,500 may not seem like much, but for these small business owners, a microgrant may be what is needed to invest in a website, help build online sales tools, launch a social media effort, or purchase new technology.” “Small businesses play a critical role in our local economies. They provide jobs and serve our communities throughout Washington. They need our continued support to meet new economic challenges, and we want to help them,” said Diem Ly, Community Impact Director, Comcast Washington. “That is why we believe the Ready for Business Fund is so important. Small businesses across the state need the relief.” The Ready for Business Fund was founded in the summer of 2020 with a $100,000 investment from Comcast and GSBA as the fund manager. Over the past two years, the fund has distributed $2,500 cash grants to more than 120 small businesses in Washington. The Ready for Business Fund was renewed this year with $75,000 in funding from Comcast and GSBA, reprising its role as the program and fund manager. Grants from the Ready for Business Fund will be made possible by more than $150,000 in additional donations from Pepsi, T-Mobile, US Bank, Meta, and Verity Credit Union and a $100,00 grant from King County. About GSBA Established in 1981, GSBA is Washington State's LGBTQ+ and allied chamber of commerce and is the largest of its kind in North America. The chamber represents over 1,400 small business, corporate, and nonprofit members who share the values of promoting diversity, equity, equality, and inclusion in the workplace. GSBA proudly serves as a connector across the region, bringing communities together through business while advocating for civil rights and small business. GSBA also promotes LGBTQ+ tourism through Travel Out Seattle, advocates for small businesses in Seattle’s Capitol Hill Neighborhood through the Capitol Hill Business Alliance (CHBA) and invests in the next generation of LGBTQ+ and allied leaders through the GSBA Scholarship & Education Fund. 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 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 Andy Colley Andy_Colley@Comcast.com GSBA – Washington State’s LGBTQ+ & Allied Chamber of Commerce Cade Schmidt Cades@thegsba.org Company Website https://www.thegsba.org/business-resources/ready-for-business

June 06, 2022 04:00 AM Pacific Daylight Time

Freight Rate Transparency gains traction in Freight Forwarding – SHIFEX by Shifl

Shifl

Digital forwarding and supply chain platform Shifl has announced the launch of SHIFEX, an Ocean Spot Freight Rate Index for container shipments which is now available on their website ( https://shifl.com/index ). The recent and continuing unprecedented chaos in the freight markets has brought the dire need for transparency and visibility into actual ocean freight rates. Shabsie Levy, CEO and Founder of Shifl, said he often found thousands of dollars of disparities between reported and actual freight rates on the market. “In the current market condition, just about no one can afford to pay hundreds and sometimes thousands of dollars more for moving a single container,” said Levy. SHIFEX provides live insights into ocean freight rates. It tracks and displays the average ocean spot freight rates for 40'containers (FEU) on main Transpacific routes at any given period. Freight rate transparency and accuracy have always been touted as core business values. They improve customer engagement, build trust, and increase productivity in an industry that has been opaque. “By leveraging our existing technology, we are helping shippers benchmark the freight rates they should be paying for their shipments and help them better plan their order placements and inventory” said Levy. By analyzing its own data of actual bookings and shipments, Shifl was able to alert the market in advance of the drastic changes in the ocean spot freight rates across the volatile periods in 2021 and 2022. Eli Gelbman of The New York Doll Collection a company that manufacturers and sells childrens dolls and accessories says, "I am pleased that Shifl is launching SHIFEX. As a regular importer, we have been following Shifl's rate data in their market reports which has helped us tremendously in managing the volatility in the freight market. Having the same info now on-demand, will allow us to make better supply chain decisions, and improve efficiency in costing and in planning our orders." More about SHIFEX SHIFEX, the first ocean spot freight rate index by a US freight forwarder, provides live insights into ocean spot freight rates as it tracks and displays rates that are applicable on the Trans-Pacific route. SHIFEX is based on the actual spot freight rates quoted and/or paid for moving shipments on the Trans-Pacific route and is therefore a true reflection of the prevailing market conditions in the freight forwarding spot market. SHIFEX is offered as a free service by Shifl and covers Port to Port container spot freight rates. SHIFEX includes all commonly applicable surcharges, —including but not limited to BAF (Bunker and/or Emergency Bunker Adjustment Factor), CAF (Currency Adjustment Factor) ISPS (International Security Port Surcharge), PCS (Port congestion surcharge). The index provides past and current freight rates with the option of tracking rates on a 3, 5, 12 and 18 month basis from the base ports of China to both Los Angeles and New York. In addition to freight rates, Shifl is also planning to include its highly popular vessel transit and container dwell data and add spot freight rates of other trade lanes to SHIFEX so customers can track the past and current performance of these metrics as well. SHIFEX complements digital offerings that include Shifl.com, the digital forwarding and supply chain platform, and Shifl.capital, the cutting-edge FinTech solution designed to make business transactions easier for supply chain companies. About Shifl Shifl is leading the supply chain industry into the future with technology and innovation that brings a huge array of real-life benefits to its users. If you are a shipper looking to bring your business into today's digital age, be more in control, and pay less overall - Shifl is for you. Shifl is headquartered in New York and maintains a presence in China, India, Vietnam, Malaysia, Bangladesh, Georgia, DR, and The Philippines. To learn more, visit https://shifl.com. Contact Details CHARLIE PESTI Priyanka Ann Saini +91 98332 68264 priyanka@pesti.io

June 06, 2022 12:00 AM Eastern Daylight Time

Troy LeMaile-Stovall at the 2022 Leading Entrepreneurs of the World Conference

1BusinessWorld

Troy LeMaile-Stovall, the CEO of TEDCO, joins the 2022 Leading Entrepreneurs of the World Conference to talk about turning hope into an ecosystem! As the CEO of TEDCO—Maryland’s economic engine for technology companies—Troy leads the organization’s mission to support economic development through the cultivation of an inclusive entrepreneurial innovation ecosystem. The 2022 LEW Conference is held virtually, taking place from Monday, June 6 through Friday, June 10, 2022. The LEW Conference is one of the largest and most comprehensive entrepreneurial events in the world and features business presentations, digital interviews, discussions and roundtables with the world's leading entrepreneurs and business leaders. Register to attend the 2022 LEW Conference to watch the live session of Troy's presentation and to connect with him at the event: https://events.zoom.us/e/view/_LwgIoXQQL2gA_LMBaozZA All news and content distribution in partnership with News Direct. About TEDCO TEDCO (Maryland Technology Development Corporation) is an independent instrumentality of the State of Maryland, established by the Maryland General Assembly in 1998, to facilitate the creation of businesses and support their growth in all regions of the State. TEDCO's role is to be Maryland's leading source of funding for early-stage, technology-based businesses; to provide other business assistance to entrepreneurs throughout the State; and to foster technology transfer and commercialization from the State’s universities and Federal labs. TEDCO is leading innovation to market in Maryland and contributing to a robust entrepreneurial ecosystem in the State through its various programs and funds. TEDCO About Leading Entrepreneurs of the World As part of 1BusinessWorld, Leading Entrepreneurs of the World is one of the largest and most comprehensive entrepreneurial platforms and events in the world and features entrepreneurs, founders and business leaders presenting on cutting-edge topics and the latest industry developments. Leading Entrepreneurs of the World 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 1BusinessWorld Media Enquiries +1 212-220-6677 info@1businessworld.com Company Website https://1businessworld.com

June 02, 2022 03:52 PM Eastern Daylight Time

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