Transportation

Airlines Automotive Electric Vehicles Logistics Maritime
News Release Digital Asset Direct

Have You Noticed How Your Auto Repair Shop Has Changed?

AutoTech IQ

Just a few decades ago, the vast majority of cars had mechanically controlled engines and transmissions, anti-lock braking systems (ABS) were a brand-new thing, and everything was gas or, to a much lesser degree, diesel-powered. The best fuel efficiency for an affordable car was 18 miles per gallon (mpg), and the best-selling cars were Honda Accord, Ford Taurus and Chevrolet Cavalier. Once a vehicle was out of warranty, most car owners would take it to an independent auto repair shop. The leading factors for choosing a shop were the distance to the client's home or work, customer service quality and service price compared with a dealership. Since then, much has changed, but some has not. Today, car owners still take their vehicles to independent auto repair shops for the same reasons. But the technology built into cars has changed dramatically. Much of the operations are computerized, creating a fuel efficiency of 35 mpg and higher for cars that are not hybrid or electric. That technology shift created new challenges and opportunities for independent auto repair shops, changing many aspects of their business. Challenges and Opportunities for Independent Auto Repair Shops Because of the complexity of computerized cars, tools in auto repair shops now include diagnostic devices with ever-increasing depth giving technicians the ability to pinpoint the cause of a problem. And just like your home computer prompts you to update its software applications, modern cars’ software can be updated. Because dozens of complex computers in a car interact with each other, they require trained staff and authorized programming tools. Some dealerships imply that only factory-trained techs lay hands on the complex cars they service, but independent auto repair shops with a built-in training program aren’t lagging behind them. The digital transformation is in full swing for car technology and auto shop service advisers are improving communications with on-the-go car owners. That communication isn't restricted to appointment scheduling by text or email. Advisers can educate their customers without having them on the phone or at the counter. The perfect example is sending a state-of-health report to car owners illustrating, with edited images and videos, what work needs to happen now and what can wait. Why is Digital Transformation a Game Changer? The ease of use has made digital tools such as smartphones, desktop computers and tablets the dominant way to communicate. The ability to send information without interrupting the recipient at home or work takes the stress out of many interactions that could otherwise lead to a loss of focus, productivity and control. The ability to digest information on the recipients' schedule gives them control and creates a sense of empowerment to make confident decisions based on the options at hand. For example, the customer can ask questions digitally and get second opinions before approving work. Before contacting the shop, AutoTechIQ.com offers vehicle owners the opportunity to familiarize themselves with the symptoms the car is exhibiting. Articles like “ My Car Smells Like Burning Rubber ” offer a simple three-step path to: Confirm the symptom Add info for the shop with a simple click Request an appointment at an AutoTechIQ-certified shop You don't need a ride after dropping off your vehicle at the auto shop in the morning. Instead, an assigned employee picks it up and drops it off at your home or work after it’s repaired. You can schedule everything through text messages or with a digital app on your phone that will provide status notifications about the repair progress throughout the day. Instead of interruptions at work, you receive a link to your vehicle's state-of-health report. Then, you can study it on your timeline and ask questions before approving the proposed work — all through texts or chat messages. Increased Level of Professionalism Have you noticed that many shops don’t fly by the seat of their pants anymore? Today’s successful auto repair shops are professional businesses focusing on you — the customer — for the lifetime of your vehicle and beyond. Car repair and maintenance businesses have transitioned to professionally run establishments focused on the education and longevity of their customers’ vehicles instead of the transactional business model of repairing the issue at hand. Seasoned shop owners realize that they can replicate their customer service in other locations and establish a multilocation business providing consistent, high-quality service across the same area. Companies like Transformer Institute help shop owners — especially multilocation owners — seize the opportunity of providing higher-quality service to car owners, exceeding what wrenching technicians typically offer. This post contains sponsored advertising content. This content is for informational purposes only. Contact Details AutoTech IQ +1 866-678-8505 support@AutoTechIQ.com Company Website https://www.autotechiq.com/

December 19, 2022 03:29 PM Eastern Standard Time

Multipolar Development Corporation Early Modeling Success Paving Way for New Direct Current Electric Machine Prototype

Multipolar Development Corporation

Multipolar Development Corporation (MDC) an electrical engineering company announced a key design milestone in the development of its novel Multi-Polar Technology™ electric vehicle (EV) propulsion enhancement system. Models are proving that MDC’s patented technology will improve efficiencies in overall performance and range of operation, particularly in large consumer vehicle trucks and commercial transport vehicles. MDC engineers and partners are completing a finite element method (FEM) model for a 10 kW 2 kV prototype direct current (DC) electric machine that demonstrates the ability to operate at higher DC voltages and without the need for a commutator. “Multi-Polar represents one of the single greatest incremental improvements in motor technology I have seen in more than 25 years,” stated engineering expert and MDC team member Arie Hirshbein, “I am thrilled and excited to be part of the development team at this early stage.” “The machine analyzed could be operated like a one-phase brushless machine, providing an advantage in control that could provide flexibility at different operating points of the motor. Without a need for rare earth permanent magnets, Multipolar technology provides a huge advantage in the performance of the motor and avoids supply chain and environmental issues associated with permanent magnets currently utilized,” Hirshbein continued. “Since the failure and maintenance of commutators have made higher power of DC electric machines impractical, the success of our model bodes well for its future in an industrial setting,” stated Multipolar inventor Shaun McCutcheon. “The Multi-Polar design is expected to allow high motor torque performance, including a high starting torque, making it suitable for heavy industrial applications and large electric vehicles (EV’s).” “The modeling is paving the way for us to demonstrate and prove the gains in overall system efficiency that our technology achieves through a physical prototype. We are designing a prototype based on the current computer models and showcasing the significant practical use of the technology,” McCutcheon continued. MDC technology modeling employs an advanced software and firmware-based control system that adjusts the polarity and the magnetic field strength of each electromagnetic pole within an electric motor or generator to achieve the desired operation. The control system relies on sensor data about the position and speed of the rotor to optimize pole parameters in real-time to enhance performance. The FEM model simulates 42 and 78 poles within a rotating machine and provides a numerical solution for the electromagnetic fields and relevant voltages. Recent simulations achieved rectification of generator output exceeding 2000 V DC at speed with no brushes or commutator in the model, resulting in a significant proof of concept for the design. Multi-Polar motors will require fewer external drive components as the speed and torque are managed directly by the advanced control system. Unlike standard DC brushless machines, they will require only two power connections. The wide range of operational speeds at full power – owing to the ability to change the number of poles virtually – will allow MDC’s machines to be repurposed through software and firmware changes rather than being replaced or redesigned. The advanced control system will also be able to compensate for efficiency losses due to mechanical imperfections or damage. “Multipolar moves us into a truly digital machine age – an advanced machine without many of the inherent inefficiencies and limitations of classic electromagnetic energy conversion,” McCutcheon explained. “The modeling proves our technology has the potential to shock the EV industry and advance it to a new level of efficiency and performance.” Multipolar Development Corporation is an Austin, TX-based S-Corp comprised of energy, electric, and automotive engineering experts. ### Please visit: https://www.multipolarmachine.com/ For more information or to schedule an interview with Shaun McCutcheon, please contact Dan Rene of kglobal, at daniel.rene@kglobal.com or 202-329-8357 Contact Details kglobal Dan Rene +1 202-329-8357 daniel.rene@kglobal.com Company Website https://www.multipolarmachine.com/

December 19, 2022 10:30 AM Eastern Standard Time

Travel Technology Association Files Comments with U.S. Department of Transportation on Airline Ticket Refunds and Consumer Protections

Travel Tech

The Travel Technology Association (Travel Tech), the voice of the travel technology industry and a consistent advocate for public policy that supports a competitive and transparent marketplace, filed comments today in response to the Department of Transportation’s (DOT) Notice of Proposed Rulemaking (NPRM) on “Airline Ticket Refunds and Consumer Protections,” – Docket No. DOT-OST-2022-0089. "On behalf of consumers and our member companies that serve them, the Travel Technology Association is proud to stand with the U.S. Department of Transportation in assuring once and for all that airline travelers are made whole when their flights are canceled,” said Travel Tech President and CEO Laura Chadwick. “You get what you pay for, and when you don't, you should get your money back." "We welcome the Department's decision to define what constitutes a ‘canceled flight’ and ‘significant change to flight itinerary.’ These definitions will bring much-needed uniformity and clarity to what have been fraught and stressful experiences for travelers facing weather or airline staffing issues," Chadwick continued. "Great customer service, whether before, during, or after a trip, is key to the value Travel Tech members offer. These definitions will help online travel agents better support their customers navigating frustrating flight cancellations and the labyrinth of airline customer service systems." The Travel Technology Association’s full comments may be viewed at: https://www.traveltech.org/wp-content/uploads/2022/12/Comments-of-The-Travel-Technology-Association.pdf In its comments, the Travel Technology Association explains that ticket agents are already bound to issue refunds “promptly” after airlines provide the authorization and funds to do so. In its draft rule, the Department proposes that customers receive refunds within seven days. However, it takes up to eleven days to secure refunds from airlines' payment and refund systems. "To require refunds before the funds are returned by the airline – as the proposed rule currently demands – would impose an undue financial burden and risk on ticket agents. We encourage the Department to revise this part of its proposal to reflect that airlines’ payment and refund systems are beyond the control of ticket agents.” ### About Travel Tech The Travel Technology Association (Travel Tech) is the voice of the travel technology industry, advocating for public policy that promotes transparency and competition in the marketplace to encourage innovation and preserve consumer choice. Travel Tech represents the leading innovators in travel technology, including global distribution systems, online travel agencies and metasearch companies, travel management companies, and short-term rental platforms. To schedule an interview with a Travel Tech spokesperson, contact Dan Rene of kglobal at 202-329-8357 or daniel.rene@kglobal.com. Contact Details kglobal Dan Rene +1 202-329-8357 daniel.rene@kglobal.com Company Website https://www.traveltech.org.

December 19, 2022 10:15 AM Eastern Standard Time

CleverTap appoints Satyadeep Mishra as Chief Human Resources Officer

CleverTap

CleverTap, the World's #1 Retention Cloud today announced the appointment of Satyadeep Mishra as their new Chief Human Resources Officer. He joins from the hospitality-technology platform, OYO where he worked as the Chief Human Resources Officer for its technology, product, global functions and international markets teams. With over two decades of experience working with the likes of Jio, Barclays and Bajaj Finserv among others, Satya brings with him a demonstrable history of leading teams and conceptualizing innovative HR strategies across domains of talent acquisition, training & development, and performance management. He also played a pivotal role in the transformational growth journey of Jio’s core telecom and digital initiatives. “We are excited to have Satya onboard. Having nurtured some of the industry’s leading experts, quality talent has always been a top priority for CleverTap. And with Satya’s immense experience, I have no doubt that he will lead our People Strategy and continue to build on our culture which puts employees first, as we go from strength to strength in our journey as global MarTech leaders”, said Sidharth Malik, Chief Executive Officer, CleverTap. “It's an absolute pleasure to be part of such a dynamic and exuberant team. The growth of CleverTap over the past few years is a testament to the capabilities and dedication of everybody involved with the team. The roles that HR functions play, not just in people strategy, but even in business, have become significant for more companies, especially within the era of work from anywhere. I am elated to be working with like-minded individuals that understand the importance of retaining and nurturing bright talent. I am confident that together, we can scale new heights and break conventional barriers while creating value not only for our customers but also for our employees the world over”, said Satyadeep Mishra, Chief Human Resource Officer, CleverTap. About CleverTap CleverTap is the World's #1 Retention Cloud that helps app-first brands personalize and optimize all consumer touch points to improve user engagement, retention, and life-time value. It's the only solution built to address the needs of retention and growth teams, with audience analytics, deep-segmentation, multi-channel engagement, product recommendations, and automation in one unified product.The platform is powered by TesseractDB™ - world’s first purpose-built database for customer engagement, offering both speed and economies of scale. CleverTap is trusted by 1500 customers, including Gojek, ShopX, Electronic Arts, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco. Backed by leading investors such as Sequoia India, Tiger Global, Accel, and CDPQ the company is headquartered in Mountain View, California, with presence in San Francisco, New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Singapore, and Jakarta. For more information, visit clevertap.com or follow on LinkedIn and Twitter. Forward-Looking Statements Some of the statements in this press release may represent CleverTap's belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction Contact Details Sony Shetty sony@clevertap.com Company Website https://clevertap.com/

December 19, 2022 07:59 AM Eastern Standard Time

Murgado Automotive Group Acquires Honda and Acura Dealerships in North Chicago

Murgado Automotive Group

Murgado Automotive Group CEO Mario Murgado today announced the acquisition of Honda and Acura dealerships from Pauly Motors, Inc. in North Chicago. The renamed Honda Libertyville and Acura Highland Park represent Murgado’s second expansion into the Greater Chicago market as his dealership group purchased Honda of Downtown Chicago and Volkswagen of Downtown Chicago in 2017. Both have grown into top-performing dealerships. Murgado Automotive Group now represents 18 dealer franchises in Miami, Chicago, and New Jersey. The sale closed on December 5, 2022. Pauly Motors has a rich history in the area, opening and successfully operating one of the first Honda motorcycle stores in the area and later opening one of the first Honda dealerships in Chicago. The organization expanded to other brands, including Acura, and has an excellent reputation in the industry. Honda of Libertyville and Acura Highland Park are now open to the public and have already sold and serviced their first vehicles under the new ownership. Minimal staffing changes were announced. Murgado said he is grateful for the opportunity to acquire the dealerships and is optimistic that he and his team will grow the business with the assistance of many of the wonderful, long-time employees of the dealerships. He said that Murgado Automotive Group will be making a large investment in both dealerships, including sales, service, parts, and other departments. The group also believes streamlining marketing, training, and other systems and process will add efficiencies. “I want to thank Tom Pauly and the entire team at Pauly Motors for the opportunity to acquire two tremendous dealerships,” said Murgado. “We will make a significant investment in the dealerships and the neighboring communities, as we are excited to expand into North Chicago.” Murgado Automotive Group was founded in Miami, Fla. in 2001 and currently owns dealerships representing many of the world’s top automotive brands including Acura, Alfa Romeo, Audi, Bentley, Buick, Cadillac, Ferrari, GMC, Honda, Infiniti, Maserati, Mazda, and Volkswagen. More information is available at MurgadoAutomotiveGroup.com. Contact Details David PR Group John P. David +1 305-724-3903 john@davidpr.com

December 14, 2022 02:27 PM Eastern Standard Time

This Company Is Looking To Replace Long Commutes With Accessible Personal Air Travel

LIFT Aircraft

Interested in the opportunity to invest? Click here to get started! In the early 1900s, Ford Motor Company ’s (NYSE: F) Model T car democratized driving by making cars affordable for all. Now LIFT Aircraft is spreading its wings to democratize flight and make air travel accessible without requiring an expensive and time-consuming pilot license or certification. The company is currently making a Reg A+ offering of common stock. The average person commutes in their car for an hour every day. These commutes – the vast majority of which are 15 miles or less – translate into wasted time, and expensive fuel costs, and also have a measurable impact on decreased workplace innovation and income lost to commute time. Concerns around transportation also include climate change emissions. Transportation accounts for the largest segment of greenhouse gas (GHG) emissions in the US, with lightweight and medium-to-heavy vehicles making up 83% of all transportation emissions. Safe Drone Flights Without Expensive Pilot Certification LIFT Aircraft is attempting to revolutionize travel, making flight available to all with its electrical, vertical takeoff and landing (eVTOL) aircraft, HEXA. Through this human-scale drone, the company plans to deliver personal, point-to-point travel to the urban air mobility (UAM) market currently worth $2.2 billion. As ultralights, HEXA aircraft don’t require expensive and time-consuming pilot certification under Federal Aviation Administration (FAA) Part 103. This means that about one hour of training - including ground school and virtual reality (VR) flight simulator training - is enough for most to be able to fly these straightforward aircraft. The company is starting by providing recreational flights out of its vertiport locations, however, LIFT’s vision is that these ultralights will eventually provide a viable alternative to cars for most commuters. Designed for short-range flights and capable of speeds of 90 mph, HEXA could be perfectly suited to replace commutes of 15 miles or less, which account for 85% of all traveling in the US. The company has simplified procedures to make HEXA – which has zero CO 2 emissions – simple and straightforward to fly. Equipped with a triply redundant autopilot computer, autopilot capabilities, and automatic wind-speed adjustments, the aircraft is easily flown with a single, 3-axis joystick. Meanwhile, all of LIFT’s recreational flights are monitored by trained professionals able to take remote control of the aircraft in case of emergency. LIFT doesn’t seem to be taking any shortcuts when it comes to safety. The company says it self-regulates its aircraft according to rigorous FAA safety guidelines to ensure maximum safety compliance for its aircraft. LIFT’s safety advisory board includes Dr. Charles Justiz, a leading expert in aircraft safety and former Chief of Aviation Safety at the National Aeronautics and Space Administration (NASA). The company’s commitment to making flight both accessible and as safe as possible means that almost anyone can fly without the prohibitive cost of expensive certification. After what it says was a highly successful Reg CF fundraise, LIFT has now launched a Reg A+ stock offering. Interested in the opportunity to invest? Click here to get started! Learn more about LIFT Aircraft by visiting its website. Austin, Texas-based LIFT Aircraft is leading the Advanced Air Mobility (AAM) revolution. LIFT is working with the US Air Force and first response organizations to utilize their aircraft for defense and public service while also launching the world’s first flight training and pay-per-flight operation centers business, based on an entirely new type of personal, electric vertical takeoff and landing (eVTOL) aircraft. HEXA, LIFT Aircraft’s multi-rotor, amphibious, ultralight vehicle democratizes the experience of piloting an aircraft, making the joy and utility of personal, vertical flight accessible to all. Find out more at www.liftaircraft.com Benzinga may receive monetary compensation from the issuer, or its agency, for publicizing the offering of the issuer's securities. This content is for informational purposes only and is not intended to be investing advice. This is a paid ad. Please see 17b disclosure linked in the campaign page for more information. LIFT Aircraft's Reg A+ offering is made available through StartEngine Primary, LLC, member FINRA / SIPC.This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. For more information about this offering, please view LIFT's offering circular and risks associated with this offering. Contact Details Kenny Miller, CFO Kenny@LIFTAircraft.com

December 14, 2022 08:15 AM Eastern Standard Time

Growth In Metals Mining Could Be Key To Achieving Energy Independence

Surge Battery Metals

In the era of clean energy, the battery metals used in electric vehicles may have become the new oil, making investing in a domestic battery supply chain — from mine to battery — a critical step toward U.S. energy independence. But the U.S. has a long way to go to meet the demand for the metals used to power electric vehicles (EVs). Under the Inflation Reduction Act, the U.S. government is spending billions of dollars on energy transition, including through EV purchase incentives, to help the Biden Administration achieve its goal of 50% of new car sales to be zero emissions by 2030. Beginning in 2023 and 2024, consumers purchasing EVs are eligible for the following tax credits: · $4,000 for used EVs · $7,500 for new North American EVs · Up to $7,500 for commercial EVs weighing less than 14,000 pounds · Up to $40,000 for commercial EVs weighing more than 14,000 pounds If projections are correct, the incentives will have the desired effect. U.S. EV sales are expected to accelerate in the years to 2030, according to the International Energy Agency (IEA). EVs currently displace more than 1 million barrels of oil use per day. By 2050, EVs and fuel-cell vehicles are expected to replace more than 21 million barrels per day, according to an investor presentation prepared by Surge Battery Metals Inc. (TSX-V: NILI) (OTC: NILIF) (FRA: DJ5), an exploration company focused on locating and developing high-value deposits of the clean energy battery metals that are vital to the rapidly growing EV market. Mining Capability Is Key To A Reliable Supply Chain As America manufactures more EVs, it also will need more mines to supply the metals used to make the batteries that power them. The average electric car contains 8.9 kilograms (kg) of lithium and 39.9 kg of nickel. Based on the projected production of EVs and the estimated amount of metals needed to power them, the production of the metals to meet demand seems to be lagging. In 2021, the U.S produced 900 tons of lithium and 18,000 tons of nickel, far short of the projected need of 155,928 tons of lithium by 2030 and 699,048 tons of nickel by 2030, according to a report prepared by Surge Battery Metals. The U.S. currently relies on battery metal imports, while China dominates metal refining and battery production. Canada-based Surge Metals could be part of the solution. The company is focused on exploring North American deposits of lithium and nickel, and is already exploring lithium deposits at its mine in Elko County, Nevada, and nickel deposits at its mine in British Columbia. Surge Battery Metals Inc. is a Canadian based exploration company focused on locating and developing high value deposits of clean energy battery metals that are vital to the rapidly growing electric vehicle (EV) market. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Investor Relations info@surgebatterymetals.com Company Website https://surgebatterymetals.com

December 14, 2022 08:00 AM Eastern Standard Time

Volatus Aerospace Gets Funding by Research Manitoba and the Government of Manitoba to Expand Its Science Experiential Aerial Research (SEAR) Program

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is pleased to announce the expansion of its Science Experiential Aerial Research (SEAR) Program in participating school divisions throughout Manitoba thanks to a grant provided by Research Manitoba with the support of the Government of Manitoba and additional funding from industry partners. The Company’s SEAR program is designed to partner high school students with industry to research unique alternatives to solving relevant community sustainability issues. For the two projects in Manitoba, Volatus will provide drones equipped with remote sensors to gather aerial data in targeted areas and apply machine learning analytics tools to identify the possible presence of Dutch Elm disease—a significant threat to the health of their urban tree canopy—and crop disease in specific crop varieties local to the region such as canola, lentils, and wheat. “This is an exciting project on so many levels,” said Glen Lynch, CEO of Volatus Aerospace. “Not only does it represent an investment in our youth, but the result will facilitate the early detection of Dutch Elm disease, a costly, deadly disease affecting all species of elm trees allowing for early treatment. Similarly, early detection of crop disease will allow our producers to protect valuable food stocks and preserve their yield.” A minimum of 195 high school students (grades 9-12) from Manitoba School Divisions will develop important STEAM (science, technology, engineering, arts, and mathematics) skills by working with Volatus. Through a comprehensive year-long program, students will take part in almost every stage of the scientific discovery process, culminating in a “Data Collection Field Day,” which will apply the skills learned throughout the year. During the Data Collection Field Day, students will collect aerial and ground-based data samples alongside researchers from the University of Winnipeg to assess the growth and health conditions of the targeted areas. Students will be encouraged to continue with the SEAR program, where they will be exposed to increasingly more complex aspects of drone and machine learning technologies. In addition, students will have the opportunity to work towards obtaining their Transport Canada Basic or Advanced RPAS pilot certificates throughout the program. The professional training and knowledge that students obtain from the program will enable them to pursue career opportunities in STEAM as well as the drone industry, aviation and aerospace. “This program has been a personal passion since we first launched it in 2021 with Seven Oaks School Division in Winnipeg,” said Matthew Johnson, Regional Vice President, Prairies & Director, Education for Volatus Aerospace. “Through these programs we are able to engage students in the process of solving real world problems while providing them with a learning opportunity usually limited to funded university-level programs.” Leveraged funding is $1,238,283 from project partners including $500,000 in Funding provided by Research Manitoba with financial support from the Government of Manitoba, contributions from Southport Aerospace, Winnipeg Airports Authority, Roquette, Integrated Crop Management Services, and additional support from the City of Winnipeg, and Manitoba Aerospace. 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. 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 information regarding: (i) the business plans and expectations of the Company; and (ii) 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 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 may be 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 commercialization of drone flights beyond visual line of sight and potential benefits to the Company; and meeting the continued listing requirements of the TSXV. 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 TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 514-447-7986 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

December 13, 2022 04:59 PM Eastern Standard Time

Micro-EVs Could Be The Future of Urban Mobility - Here’s One Company To Keep Your Eye On

Eli Electric Vehicles

Interested in investing in Eli Electric’s campaign? Click here to get started. For Marcus Li, the founder of Eli Electric Vehicles, the problem of the century is congested cities with what he labels misfit solutions for transportation. In your typical city, especially in the US, most of the cars on the road and used in private transportation are highway cars. Essentially, there are limited reasons for large SUVs and similar car makes to exist in cities. They take up valuable space while contributing to pollution, congestion, urban sprawl, and overexploitation of the materials required for car manufacturing. Nearly 70% of the global population is projected to live in cities by 2050. Simply put, consumers need a better option than the status quo if they want a vehicle in a city but have no reason to maintain a full-size vehicle. There is a need for cars to be designed for cities, especially when the highway car model is not compatible and cities are only projected to grow. In the US, 50% of daily trips are under 3 miles and 75% of all car trips are under 10 miles. This is where micro vehicles come into play. A micro vehicle is the smallest size of car available with three or four wheels and a smaller engine. Many micro vehicles are electric. Micro vehicles are a concept that has been introduced previously, especially globally where micro vehicles are popular modes of transportation in countries like China, India, and European countries. The market is only expected to grow as countries are pushing for greater emission regulation and consumers shy away from more expensive models of cars that are ill-suited for their daily needs. The micro electric vehicle market is projected to reach $22.11 billion in 2029 with a compound annual growth rate of 12.7% between 2022-2029. In 2021, the industry was worth $8.32 billion. With micromobility – a term that refers to a range of small, lightweight vehicles operating at speeds typically below 15-25km/h – on the rise, there is a growing demand for cars that fit one or two people and are designed for trips under 10 miles. This demand is what drove Eli Electric to create its flagship micro-EV model, Eli ZERO. The company says the Eli ZERO model is less than half the size and 3 to 10x more energy efficient than a conventional car. Their car starts at $11,999 and has a battery with a range of 45 to 90 miles. It is designed with cities and consumer needs in mind. Eli Electric Is Ready To Fill A Gap In The Industry Eli Electric is focusing on European and North American markets; in the micro-EV world, the West has been slow to adopt the micro-EV model. While countries in the Asia-Pacific region have a more competitive market, there is relatively abundant opportunity and high demand in America and Europe. The Eli ZERO model is already in production and has been successfully developed and delivered. It has the necessary certifications in the European Union and the United States. Sales have started in the EU with more than 20 dealers and 3 distributors. Eli Electric has a partnership with OEM manufacturers and can produce over 15,000 units per year. Eli Electric is currently hosting another round of crowdfund raising to help meet the surging market and to expand sales in the US. The company has a history of successful grassroots campaigning. It has nearly 3,000 investors on board and during its first fundraising push, the company raised $11 million and used the funds to produce Eli ZERO and launch sales in Europe. It would seem clear that the future of urban mobility is intrinsically connected to the micro-EV model. Government encouragement like Biden’s target to have 50% of all vehicles be electric by 2050 only furthers this point. Eli Electric is positioning itself to be a leader in the European and North American markets. Click here to read more about Eli Electric’s raise and how to invest. Eli Electric Vehicles is reimagining personal vehicles by creating advanced, efficient and affordable micro-EVs for daily short trips. Headquartered in California and Beijing, Eli aims to be the leader in electric transportation for short-range and high frequency trips. It’s flagship micro-EV, Eli ZERO, is a next generation personal vehicle that empowers riders to reconnect with their neighborhood and cities and ultimately reduce the congestion, inefficiency and pollution caused by oversized highway cars. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Tim Zheng tim@eli.world Company Website https://www.eli.world/

December 13, 2022 11:45 AM Eastern Standard Time

1 ... 63 64 65 66 67 ... 142