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LevLane Advertising Announces New Philadelphia Headquarters


LevLane Advertising, one of Philadelphia’s oldest independent full-service advertising agencies, is pleased to announce the relocation of its Philadelphia headquarters to a new state-of-the-art space at One Logan Square. The move, which comes on the heels of the agency's announcement appointing Josh Lev as president, marks a new chapter in the company's growth and its commitment to providing innovative solutions and thinking for clients. LevLane had called the historic Wanamaker Building home since 2004 and had been operating out of a 13,914-square-foot area within the building until its last official day of lease on June 30, 2023. The relocation of the headquarters and the initiative to bring employees back into the office on a flexible schedule represents a significant milestone for the agency and ties to a broader approach of fostering collaboration, adaptability and mentorship. "My hope is that our return-to-office strategy, in combination with this move to a collaborative workspace, will position both the agency and our employees for sustained growth and future success," said Josh Lev, president of LevLane. "My goal is to encourage mentorship between our seasoned employees and our incredible young talent while embracing an innovative approach to our work environment." The new office space, located in One Logan Squareat 130 N. 18th Street, Ste. 310, Philadelphia, PA, is situated at an iconic location in the heart of Philadelphia, just off the Benjamin Franklin Parkway. It offers 7,373 square feet of contemporary design and will provide employees with an inspiring environment for creativity and collaboration. The building, managed by Brandywine Realty Trust, is in a prime location just a short distance from the beautiful new Comcast Center and many other city landmarks. “As part of our strategy for the future, we’re committed to fostering a hybrid work environment, and this new space will allow our employees to balance remote work and in-person collaborative efforts,” said Liz Weir, chief marketing officer. “The new headquarters was designed to accommodate a flexible work model, with spaces that will enable communication and collaboration, whether employees are in the office or working remotely.” "There is nothing like being in the heart of Philadelphia,” said Bruce Lev, chief creative officer and co-founder. “We’ve had a presence in the city for decades, and I believe that has been a contributing factor to our success and longevity. We believe in the incredible talent pool here, the rich cultural scene and the thriving business community, which have all contributed to our growth over the years. We are proud to continue our journey here, serving our clients and contributing to the strength of Philadelphia's business community." About LevLane LevLane Advertising is a full-service independent advertising agency headquartered in Philadelphia and has been building brands people love for nearly 40 years. The award-winning agency integrates traditional creative expertise with cutting-edge digital capabilities in its menu of services, including search engine optimization (SEO), search engine marketing (SEM), programmatic media, strategy, creative and branding, media and analytics, social media, content marketing, and public relations. For more information about LevLane and its capabilities, connect with us on LinkedIn, Instagram and Facebook. Contact Details LevLane Lauren Stralo +1 484-747-0172 Company Website

October 31, 2023 11:15 AM Eastern Daylight Time

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Cedar raises $3m to take on US housing crisis


The US housing market is short 6.5 million homes after more than a decade of under-building relative to population and demand growth. Cedar is today announcing a $3M seed funding round to take this problem head on, with software that helps real-estate developers and professionals maximize the housing potential of urban infill properties. Cedar believes that the complexities of urban development are driving builders to construct homes ever-farther from city centers, thus contributing to the supply-demand mismatch creating a crisis of affordability today. Kyle Vansice, co-founder of Cedar added: “Not only is the US not building enough housing to support our population growth, we’re not building homes in the right places - urban centers where current and future generations want to live and work, and be closer to their friends, family, and cultural amenities.” The funding round was led by Caffeinated Capital with participation from Tishman Speyer Ventures, Maria Davidson (CEO of celebrated construction startup Kojo), David Rubenstein via Shorewind Capital, Alumni Ventures, among others. Cedar’s cap table also includes global venture capital firm Antler as an early investor (pre-seed round). Founded in 2022 by Kyle Vansice, Nate Peters and Rahul Attraya, Cedar is radically collapsing the time and cost for developers to source and evaluate real-estate projects, a major inefficiency in today’s real-estate market. It often takes longer to acquire, design, and permit a housing project than it does to build it - largely due to the slow, consultant driven, and regulatory burdened process of solving the 3D puzzle that is a real-estate development project. And while 80% of cities are composed of housing, almost no software exists to help developers know where and what can be built in the city - a critical market gap Cedar is filling. The Cedar platform uses generative algorithms and a mix of public and proprietary data to quickly generate a broad array of building designs, accurately predicting the development yield on any parcel in a city, and converting complex land-development regulations into real development scenarios that maximize a property's financial potential. Cedar is on a mission to standardize a fragmented process of value creation that typically takes months of consultant work and adds hundreds of thousands of dollars to each development project. By challenging the fundamentals on housing design and location, Cedar is creating a pathway to help deliver the residential needs of communities across the US. “By connecting local zoning and land development regulations with a national standard for infill housing and urban density, Cedar is the first technology startup that is offering a fresh vision for housing development and design for the future,” Nate Peters, co-founder of Cedar added. Cedar believes the immediate opportunity for builders and developers lies in places that were previously built for largely single-family development, but offer the potential to dramatically densify to create more livable and walkable neighborhoods. The future of urban development needs to move beyond the binary of either single-family homes or luxury high-rise to include the “missing middle” scale - a term coined by Dan Parolek and his firm Opticos Design. Rahul Attraya, co-founder of Cedar added: “The smaller, non-institutional “missing middle” scale projects are critical to creating a more economically and environmentally sustainable density in our cities. They present the key to providing the breadth of affordable options cities need. But getting innovative housing built in urban areas is not easy, and builders, developers, and the design community take big risks to make them happen - Cedar is supporting this effort by providing sophisticated planning and analysis technology that reduces risk and maximizes their potential. The infill multi-family construction is a $300B+ market annually, and is expected to nearly double by 2030. It is not only America’s fastest growing housing development type, but according to a recent University of California Berkeley study, the single most effective tool in reducing the carbon emissions of our society. Cedar has coverage across Austin now, but has ambitious plans to expand to a number of major American cities over the next 12-18 months. Varun Gupta, Partner at Caffeinated Capital, commented: “Characterizing the economic value of any parcel of land through its current and future development opportunities will drive massive value to developers, brokers, states and municipalities, and other stakeholders. With it, Cedar could help usher in a new golden era of municipal development and help solve America’s housing shortage.” Tyler Norwood, General Partner US at Antler, Cedar’s initial investor remarked: "We backed the Cedar team from day zero. As an early investor, we worked with Kyle, Rahul, and Nate as they experimented and fought to crack open a wedge into this market. The Cedar team is ambitious and tenacious, exactly the qualities required to scale a mammoth proptech opportunity. This 0-1 stage of a company is such a hard but exhilarating time — I feel honored that a team this strong gave Antler the opportunity to be a partner on this journey and it is exciting to see Cedar quickly gaining traction. I look forward to continue supporting the team as they build the future of urban infill development starting in our own backyard, Austin, TX. “ About Cedar Cedar is reducing the cost and time to source and evaluate real-estate projects by building software that accurately predicts development yield on any opportunity, converting complex land-development regulations into real development options that maximize a property's financial potential. Using proprietary algorithms and data, Cedar empowers real-estate developers to evaluate potential projects 10X faster, standardizing a fragmented process that typically takes months of consultant work and adds hundreds of thousands of dollars to each development project. Cedar is on a mission to help developers maximize ROI, de-risk investment by accurately predicting development yield as fast as possible. Doing so will create a more efficient real-estate market that will lead to more affordable, livable, walkable cities. About Caffeinated Caffeinated invests early (often at inception stage) and throughout the lifecycle of technology companies that produce meaningful value and transform the largest markets in the world. About Tishman Speyer Tishman Speyer is a leading owner, developer, operator and investment manager of first-class real estate in 36 key markets across the United States, Europe, Asia and Latin America. Our portfolio spans market rate and affordable residential communities, premier office properties and retail spaces, industrial facilities, and mixed-use campuses. We create state-of-the-art life science centers through our Breakthrough Properties joint venture, and foster innovation through our strategic proptech investments. With global vision, on-the-ground expertise and a personalized approach, we are unparalleled in our ability to foster innovation, quickly adapt to global and local trends and proactively anticipate our customers’ evolving needs. By focusing on health and wellness, enlightened placemaking and customer-focused initiatives such as our tenant amenities platform, ZO, and our flexible space and co-working brand, Studio, we tend not just to our physical buildings, but to the people who inhabit them on a daily basis. Since our inception in 1978, Tishman Speyer has acquired, developed, and operated 533 properties, totaling 223 million square feet, with a combined value of over $129 billion (U.S.). Our current portfolio includes such iconic assets as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt and the Mission Rock neighborhood currently being realized in San Francisco. About Alumni Ventures Alumni Ventures offers accredited individuals access to professional-grade venture capital— a key asset class missing from the portfolios of many sophisticated investors. Since launching its first venture fund in 2014, AV has raised more than $1.2 billion from nearly 10,000 individual accredited investors, and has built a community of over 650,000 opt-in subscribers to their innovation-focused newsletters. AV evaluates thousands of venture investment opportunities every year and has a portfolio of over 1,200 venture backed companies. In 2022, PitchBook ranked AV as the #1 most active VC firm in the US, and #3 in the world. AV funds are private, for-profit, and not affiliated with or sanctioned by any school. For more information, visit Contact Details Cedar Bilal Mahmood +44 7714 007257 Company Website

October 31, 2023 09:00 AM Eastern Daylight Time

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Visit by His Majesty’s Trade Commissioner for North America to Electric Works, Fort Wayne, Indiana

Ancora L&G

Ancora L&G, yesterday welcomed Emma Wade-Smith OBE to Electric Works, in her capacity as His Majesty’s Trade Commissioner for North America and HM Consul General New York, during an official visit to Indiana. During the visit, the Trade Commissioner also met with representatives from the Indiana Economic Development Corporation, the City of Fort Wayne, NEI, and Greater Fort Wayne Inc., as well as regional business leaders. Electric Works, the former site of the General Electric campus, was developed by a public-private partnership of Ancora, Biggs Group, and Weigand Construction, together with the City of Fort Wayne, Allen County, and the State of Indiana. Construction started in 2020, with a strategic focus on urban redevelopment and a commitment to community revitalization. At its peak, the site on which Electric Works stands—an 18-building industrial complex—employed about a third of Fort Wayne's workforce and for over eight decades, produced electric motors, transformers and other critical components. Following decades of deindustrialization and waves of job cuts, the campus closed in 2015. The West Campus – Phase 1 – of Electric Works is a $286 million mixed-use development of 740,000 sq. ft.; the largest historic adaptive reuse project in the State of Indiana. West Campus includes a mix of uses including creative office, retail, entertainment, healthcare, innovation and co-working, a public market and local produce food hall, education, as well as public and event spaces. Building on the success of the West Campus, Phase 2 of Electric Works is planned as a $143.4 million mixed-use development of market rate housing, affordable and low-income housing - including units targeted to 55+ age bracket; over 10,000 sq. ft. new model early childhood learning center in partnership with a university to train new teachers; commercial space; a health/wellness center and parking. As part of the visit, there was a tour of Amp Lab, a new public education model for up to 400 11th and 12th grade students, which provides a STEAM (Science Technology Engineering Arts and Mathematics) curriculum and immersive learning and internship opportunities, in partnership with Electric Works’ businesses. Amp Lab has supported 800 pupils so far from the Fort Wayne area. Jeff Kingsbury, Chief Connectivity Officer, Ancora L&G, said, “To achieve inclusive growth, innovation districts like Electric Works prioritize talent attraction, development, and retention. Affordable housing and education are important to talent, and are therefore critical economic development issues in both the U.S. and the U.K. We discussed these shared challenges and opportunities with the Trade Commissioner during her visit to the campus and appreciate the time she spent with us and her interest and support for the community’s vision of Electric Works.” Emma Wade Smith OBE, HM Trade Commissioner for North America and HM Consul General New York, said: “ We signed the UK’s first State-level trade and economic cooperation agreement with Indiana in May 2022. At the heart of our ambitions is increasing trade and spurring more inclusive and sustainable economic growth, where opportunities and meaningful jobs are accessible to people across our communities. The Ancora Electric Works development is a terrific example of how UK-US collaboration can enable the revitalisation of such iconic and historic industrial sites. The transformation of this facility has captured the imagination of the community, by promoting access to opportunities that support our shared priorities in innovation, STEAM (science, technology, engineering, arts and math) and sustainability.” Riley Johnson, Director of Amp Lab, said, “Amp Lab is a unique learning environment built for students of diverse backgrounds to gain real-world experience. We were honored to host Trade Commissioner Emma Wade-Smith and thrilled to be recognized as a model of innovative and agile education.” ENDS Notes to editors Ancora L&G A joint venture between U.S.-based science and technology real estate developer Ancora and Legal & General Capital ( LGC ), the investment arm of global asset manager Legal & General, Ancora L&G acquires and develops real estate to serve high-growth science, technology, and innovation tenants in partnership with and proximate to leading U.S. anchor institutions. Ancora was founded in 2019 by Josh Parker with co-founders John Philipchuck and Jeff Kingsbury. Currently capitalized at $500 million with plans to expand to $4 billion, Ancora L&G currently has projects in Atlanta, Georgia (Georgia Tech); Providence, Rhode Island (Brown University); and New Haven, Connecticut (Yale University). Legal & General Capital Legal & General Capital (LGC) is Legal & General Group’s alternative asset platform, creating assets for Legal & General Retirement and third-party clients in order to achieve improved risk-adjusted returns for our shareholders. LGC has built its market leading capabilities in a range of alternative assets, delivering depth of resource, track record and intellectual property. Investing in the real economy and creating alternative assets that deliver a tangible societal impact, its purpose is to invest society’s capital for society’s benefit. L&G has invested around £30 billion ($37 million) in levelling-up regional UK economies and has strong track record in investing in technology and life sciences. LGC’s investments include residential property; specialist commercial real estate; clean energy; alternative credit; and venture capital. As LGC’s capability to create alternative assets continues to grow, it will not only continue to grow its balance sheet of alternative assets but also create alternative assets for third party investors. Legal & General Group Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with international businesses in the U.S., Europe, Middle East, and Asia. With over £1.24 trillion in total assets under management, we are the UK’s largest investment manager for corporate pension plans and a UK market leader in pension risk transfer, life insurance, workplace pensions and retirement income. Legal & General Group currently manages $1.4 trillion of assets globally and is increasing its presence in the U.S. for both equity and debt vehicles. The year-old Ancora L&G joint venture builds on the successful track record of Ancora’s team and the investing record of LGC in the UK, including over $5 billion currently committed to science and technology development projects at Oxford, Manchester, and other leading universities in the UK. Contact Details Meir Kahtan Public Relations, LLC (MKPR) Meir Kahtan +1 917-864-0800 Director of External Engagement, Legal & General Margrit Williams +1 347-387-7555

October 27, 2023 04:52 PM Eastern Daylight Time

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Florida PACE to Take Tax Collectors to Supreme Court for Jeopardizing Program Funding

Florida PACE

Rogue tax collectors are in direct violation of judicial orders Program stands to lose tens of millions of dollars in funding for burdened Florida families using PACE for its low-interest financing, efficiency, and protections Small businesses and independent contractors face nonpayment for completed work Consumers are at greater risk of future insurance loss The Florida PACE Funding Agency (PACE), a trusted public entity established under Florida law that provides homeowners with financing options for energy-efficient and hurricane-resistant home improvements, is facing risk of a critical funding crisis due to noncompliance by elected tax collectors – notably, Volusia County Tax Collector Will Roberts, Duval County Tax Collector Jim Overton, Alachua County Tax Collector John Power, Pasco County Tax Collector Mike Fasano, Palm Beach County Tax Collector Anne Gannon, and Hillsborough County Tax Collector Nancy Millan. This situation threatens to disrupt ongoing renovation projects and put a substantial financial burden on Florida families who sought out PACE for its low-interest financing, efficiency, and consumer protection. The Florida PACE Funding Agency operates as an Independent Special District established under Florida law with a judicial validation, overseeing program administrators who work closely with homeowners and businesses to finance their projects using long-term, fixed-rate assessments that are added to their property tax bills. This financing model is highly effective, tapping into large sources of private capital to secure financing for construction projects over an extended period. It makes more projects financially viable, spreads repayments across many years, eliminates the need for upfront payments, and removes the requirement for debt repayment during property sale or refinancing. This model results in significantly lower interest rates due to the high repayment security associated with property tax bills: current PACE interest rates are approximately 9% where credit cards can be in excess of 29%. The crisis stems from political tax collectors refusing to put the repayments to bondholders on the property tax bills — a clear violation of Florida law. This omission has caused bondholders and private investors who fund the PACE programs to withdraw their funding from Florida. The consequences of this withdrawal are far-reaching, impacting tens of millions of dollars that were to be used to pay contractors who have recently completed or are currently working on renovation projects. Furthermore, many ongoing projects face uncertainty, potentially leaving homeowners in a precarious financial situation. “It is essential to emphasize that the actions of these tax collectors directly contradict a judicial validation put in place by The Honorable Lee Marsh of Leon County in November 2022,” said Mike Moran, the Executive Director of the Florida PACE Funding Agency. “This is one more example of politicians thinking they know better than the free marketplace. These are elected officials trying to take away a voluntary financing option for Florida families. This disregard for the law creates a looming housing crisis in the state and we are committed to taking it to the Supreme Court to protect the rights of these businesses and homeowners.” he added. PACE has been instrumental in making homes across the state safer, more energy-efficient, and protected from natural disasters. However, the failure of tax collectors to adhere to the law threatens the financial stability of Florida residents. Moran will hold a virtual press conference on Monday, October 30, 2023, at 2p.m. ET to provide a statement and address any questions from the media and concerned parties. The general public can access the press conference call by dialing the following number ‪(US) +1 646-931-3860‬ and the passcode is 613024. The press conference can also be accessed online at by inputting the following meeting ID: 876 8938 1340. For media inquiries and registration for the virtual press conference, please contact: Bevel PR ### Florida PACE is a public entity that provides homeowners with financing options for energy-efficient and hurricane-resistant home improvements. As an interlocal agreement established under Florida law, Florida PACE oversees program administrators who work with homeowners like you to finance their projects through long-term, fixed-rate assessments added to their property tax bills. By partnering with Florida PACE, you can improve your homes’ safety, value, and energy efficiency while investing in a funding plan you feel confident in. For more information, visit: Contact Details Bevel PR Company Website

October 26, 2023 04:13 PM Eastern Daylight Time

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How to Prevent Your Home from Becoming the Haunted House on the Block


With Halloween just around the corner, homeowners everywhere are going out of their way to make their homes look scary and ‘haunted’ on purpose. But when we put off routine fixes around the house – think servicing a noisy HVAC system or replacing light fixtures – our homes can actually start to feel haunted year-round. Recently, Home Care Expert at Thumbtack, David Steckel, participated in a nationwide satellite media tour to discuss the elements that make our homes feel haunted, easy fixes and resources that can help. A video accompanying this announcement is available at: Recently, Thumbtack surveyed over 1,000 millennials to get a sense of what exactly is ‘haunting’ their homes. A resounding 40% of people surveyed believe they’ve lived in a haunted home at some point and 20% revealed having consulted paranormal experts. So, what elements make homes start to feel haunted? Based on the survey findings, the most common elements according to millennials are: ● Doors closing unexpectedly (47%): Hiring a door repair specialist can cost between $63-$475 depending on what door type you need fixed, materials, and more. ● Noises coming from inside the walls (38%): Hiring an exterminator can likely help you get rid of unwanted tenants and costs between $100-$140 on average. ● Flickering lights (34%): Hiring an electrician can run between $150-$200 depending on the scope and timing of the project. ● Creaky floors or stairs (28%): Hiring a flooring specialist can cost between $300-$500 on the lower end and $4,963-$7,101 on the high end. While being the spookiest house on the block might be the goal for Halloween, it is easy to prevent living in a haunted home the rest of the year. According to millennials, the easiest ways to make a home less spooky is to give it a refresh – with a fresh coat of paint or a deep clean (25%), fixing light fixtures and faulty electrical wiring (23%), and keeping up with proactive maintenance (20%). The bottom line is: Homes don’t start out haunted. They can simply feel that way because homeowners are in the dark about what’s really going on, and don’t know where to begin or who to call. Thumbtack provides homeowners with personalized guidance on what to do and when to do it as well as who to hire, so your home stays in good shape all year long. Visit to learn more — or download the app to get rid of your “ghosts” once and for all. About David Steckel David Steckel is a Home Expert at Thumbtack, with more than 15 years of experience as a general contractor in the homebuilding industry. David provides homeowners with the expertise they need to better plan, budget, and complete home projects from small fixes to routine maintenance and larger improvements. Prior to his role at Thumbtack, David founded Setter, a subscription-based service that handled home maintenance and repairs. David is based in Toronto, Canada. Contact Details YourUpdateTV +1 212-736-2727

October 25, 2023 04:05 PM Eastern Daylight Time

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Athletech News, New Multimedia Platform Focused on the Fitness & Wellness Industry, Launches with 50,000 Subscribers

Athletech News

October 25, 2023, New York—Today marks the official launch of Athletech News, a new media venture by Edward Hertzman. Athletech News is a multimedia platform, seeking to fill a need for business news and reporting in the fitness and wellness space valued at $30.8 billion in the U.S. and some $87 billion globally. “We took Athletech News from idea to execution over the course of couple of years thoroughly analyzing the market and its opportunities,” Athetech News founder and CEO Edward Hertzman said. “I saw an industry experiencing unprecedented transformation and growth but having no single resource to bring together the entire community. Athletech is a single venue industry leaders can now visit to pick up the day’s key headlines, hear thought leaders discuss consumer trends, read analysts' recaps of market movements and deal flow, and learn best-in-class practices from their peers. I drew from my experience founding Sourcing Journal, which created a community that had previously been experiencing a similar industry void.” The new venture showcases Hertzman’s ability to build a media company, regardless of industry. Having successfully built and his previous platform, Sourcing Journal, he sold it to Penske Media Corporation in 2017. Hertzman stayed on with the company for the next six years to run Sourcing Journal; during his tenure he was promoted to EVP of Fairchild. Athletech News is quickly becoming the media of record for this growing industry. More than 50,000 Fitness and Wellness executives have already subscribed to the new platform, drawn to the executive interviews with industry luminaries and the daily feed of breaking industry news. Soon after its launch, Athletech News signed on leading industry partners, including companies such as ISSA, Xpotential Fitness, XPLOR, Life Fitness, Body20, Sweathouz, Trainerize, SportsArt and Bloomreach. The platform targets the top decision makers in all business-facing aspects of the space—owners and operators of fitness clubs/studios, fitness and wellness and recovery executives, technology and equipment companies, analysts, venture capitalists, private equity, and more. Athletech's event series: Athletech also recently released a comprehensive video series called DISRUPT, featuring on-camera interviews with more than 30 of the industry’s top executives, from companies such as Technogym, CrossFit, Tonal, Pvolve, FitOn, Xpotential, Centr, Hyperice, Freemotion, Madabolic, Restore, Life Time, TRX and Zumba. Edward Hertzman commented: “It's time the fitness and wellness industry had a serious seat at the table. From boardrooms to Capitol Hill to mainstream media, there is more to our business than diet hacks, before-and-after infomercials and body-building stereotypes. We are committed to building a platform for the fitness and wellness industry, to share news and opinions, even if those opinions are somewhat raw), to network, celebrate wins, and most importantly, do all of it in a collaborative, pre-competitive environment.” # # # About Athletech News Athletech News provides comprehensive media coverage of the most impactful news and trends shaping the fitness and wellness sector. Our newsletter and website cover emerging fitness technology, brick and mortar gyms, wellness trends, new fitness formats and the industry’s economic outlook. We aim to spark ideas and shape agendas for fitness executives in this constantly evolving and fast moving sector. We set out each day to inform these leaders with proprietary content and analysis that will help them make more informed business decisions. Please visit Athletech News at About Edward Hertzman, Athletech Founder & CEO Edward Hertzman is a serial entrepreneur with a diverse portfolio spanning media, fitness, wellness, and sourcing. As a subject matter expert, he's become a prominent voice in these industries and an early-stage investor in promising startups, contributing significantly to their growth. His latest venture, Athletech News, addresses the need for community, representation, and transparency in the fitness and wellness sector. Prior to this, Hertzman founded Sourcing Journal in 2009, now the world's largest trade publication for sourcing and supply chain in apparel and textiles. He sold the company to Penske Media Group in 2017 and served as President, later becoming EVP of all Fairchild Media Titles. Contact Details Meir Kahtan +1 917-864-0800 Company Website

October 25, 2023 10:00 AM Eastern Daylight Time

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GLOBAL ENGINEER GIRLS ACHIEVES MILESTONE IN KOSOVO TOWARDS GENDER EQUALITY IN STEM Prishtine, October 18, 2023 - Global Engineer Girls (GEG), the international philanthropic initiative aiming to improve women’s representation in Science, Technology, Engineering, and Mathematics (STEM), proudly announces the graduation of 20 young women from its flagship program in Kosovo. Implemented by Limak Group in partnership with the UNDP in Kosovo, GEG Kosovo empowers young women and girls enrolled in STEM education and provides them with opportunities to gain crucial experience in a male-dominated industry. The project aims to inspire the next generation of female engineers, and highlight the strides made towards gender equality in STEM education. The graduation ceremony marked the successful completion of a year-long journey of scholarships, training, mentorship, and internships, all provided by GEG Kosovo. The ceremony also highlighted the projects undertaken by the girls during their participation in the program, including digital communication, effective team management, personal brand-building, communication, and interpersonal skills. These projects serve as compelling evidence that extending opportunities to girls is a vital way to prepare them for successful futures in the STEM world. President of Kosovo, Vjosa Osmani, in her speech, mentioned, "We must ensure that all our bright minds have equal opportunities to pursue the education of their choice. We need these equal minds in order to address the critical issues of our time, such as climate change and AI. We cannot afford to exclude half of our population from the most pressing challenges of our era. It is imperative to collaborate and work together to achieve equality more swiftly. These young girls serve as clear examples of the potential within our youth. It is our duty to ensure that young women and girls feel empowered to pursue their dreams, regardless of the path they choose. They must harbour no fear or hesitation in stating, 'I want it, and I will make it.' Every girl holds a guaranteed place in our future. I encourage each girl to carry forward the legacy of GEG.” Chair of Limak Holding and Limak Foundation, Ebru Özdemir, said: “It's truly an important milestone for GEG and our vision at Limak. I’m thrilled to see the progress of the GEG Kosovo participants over the past year, and I am certain they all have a bright future ahead of them. Engineering isn’t a man’s world anymore, so it is our responsibility to continue to create opportunities for young women to succeed in STEM by supporting them in their studies and careers.” GEG Kosovo extends its gratitude to its supporters, mentors, parents, and volunteers, who have enabled the success of this program. Their collective efforts have empowered young girls to overcome challenges, build confidence, and unlock their full potential. Moving forward, GEG Kosovo remains committed to expanding and enhancing its programs to reach even more young girls, empowering them to break down barriers and become leaders in STEM fields. About Global Engineer Girls Global Engineer Girls (GEG) is an international philanthropic initiative that aims to inspire the next generation of female engineers. The inception of GEG was driven by Limak Group of Companies' culture and its Chairperson's, Ebru Özdemir's, deep personal commitment to improving women's representation in STEM. GEG provides girls and women with education, mentorship and career opportunities in Turkey, North Macedonia, Kosovo, Kuwait and beyond. GEG's predecessor, the Engineer Girls of Turkey (EGT), was launched in Turkey in 2015. Since its inception in 2015, the GEG university programme has benefited 710 young women by providing support for female students enrolled in chemical, civil, computer, electrical- electronic, environmental, industrial, and mechanical engineering departments in Turkish universities. This support has included funded scholarships and mentoring by hundreds of professional volunteers, as well as online training programs, soft skills and English language courses, internships, and employment opportunities at Limak's companies and partner companies. About Global Engineer Girls Kosovo Global Engineer Girls (GEG) Kosovo was established in 2022, in partnership with Limak Kosovo and United Nations Development Programme in Kosovo. GEG Kosovo currently operates in three public universities, covering bachelor and master's programs in engineering. UNIVERSITY OF PRISHTINA "HASAN PRISHTINA", UNIVERSITY OF APPLIED SCIENCES IN FERIZAJ, UNIVERSITY OF MITROVICA "ISA BOLETINI"œ Note to editors: High-resolution images from the graduation ceremony are available in the attachment. Contact Details Highgate Advisory Ltd. Iulia Trandafir +44 7516 787557

October 19, 2023 09:59 AM Central Daylight Time

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Harvest’s Smart Thermal Battery Breaks $11M Funding Mark

Harvest Thermal

For building decarbonization to succeed at scale, new tech must be clean, cost-competitive, and improve the user experience over fossil fuel incumbents. Harvest Thermal does just that - and its latest round of investors would agree. Earth Foundry led the just-closed $4 million round which included follow-on investments from MUUS Climate Partners and Starshot Capital, as well as new investment from partners including Portfolia, the world’s largest fund of women investors. Earth Foundry’s Managing Director Sara Chamberlain joins Logan Grizzel, Partner of MUUS Climate Partners as Director on Harvest’s board. Combined with grant funding from the National Science Foundation, the California Energy Commission, and other private investors, the investment in Harvest Thermal totals over $11 million. The smart thermal battery™ from Harvest Thermal makes heat pumps smarter, more efficient, and cheaper to operate, enabling scale at a time when electrifying homes is an urgent national priority. Recently, 25 governors announced a commitment to install 20 million heat pumps by 2030 to achieve national climate goals. Each Harvest system reduces 55 tons of CO 2 throughout its life. That's as much as – or more than – you would save by switching to an EV from a gas car. “We’ve designed our smart thermal battery heating system to have an extraordinary climate impact,” said CEO Jane Melia. “I’m grateful for the confidence these premier climate tech investors have placed in Harvest Thermal. They have given us a runway to diversify our product line, expand into new markets, and reach more customers while making homes sustainable for a more livable future.” The company’s core product provides space heating and hot water with a single heat pump married to a water battery. The Harvest Pod®, the brains of the system, decouples the operation of the heat pump from household heating needs – and from when CO 2 emissions are highest. It runs the heat pump during the day when solar energy is cheap and plentiful and releases stored heat and hot water into the home whenever needed. “Harvest Thermal has unlocked the decarbonization potential of heat pumps with its smart thermal battery,” said Earth Foundry’s Sara Chamberlain. “With space heating and hot water comprising nearly two-thirds of home energy use, decarbonizing heating and hot water has the greatest climate impact a household can make.” “Harvest Thermal is perhaps the most effective solution to address one of the biggest contributors to climate change – the heating and cooling of homes,” said Logan Grizzel, Partner at MUUS Climate Partners. “In one fell swoop, the company can reduce CO2 emissions, increase home comfort, and create significant savings for homeowners. MUUS Climate Partners loves this team and we're proud to now be Harvest Thermal's largest investor.” "Heat pumps are a vital low-carbon home heating solution," observed Starshot Capital's Sam Levac-Levey. "However, most people need hot showers and heating in the mornings and evenings, risking overloading the grid during peak hours. Harvest Thermal's unique smart thermal battery enables the widespread adoption of heat pumps while protecting energy grids." Harvest Thermal has achieved wide recognition for its novel climate tech. It won the Consortium of Energy Efficiency’s Integrated Home Competition award and was featured in a popular science YouTube video on Matt Ferrell’s Undecided channel with over 500,000 views. ABOUT HARVEST THERMAL Harvest Thermal is redesigning home heating and hot water for a livable future. Its market-leading thermal battery system cuts carbon emissions by 90% compared to gas furnaces and water heaters and 50% compared to heat pumps without storage. The cloud-connected Harvest Pod leverages software, sensors, and controls to reduce carbon emissions and save an average of 30% on monthly heating bills. It also supports a cleaner, cheaper, and more resilient grid. Founded in 2019, Harvest Thermal has received grants from the National Science Foundation and the California Energy Commission. Other awards include: Consortium of Energy Efficiency, Integrated Home Competition Winner, Sept. 2023 NREL Industry Growth Forum, 2023 People’s Choice Award, May 2023 Edison Award, Sustainable Design, Consumer Solutions, Apr. 2023 Fast Company, Most Innovative Companies "Small & MIghty Businesses", Mar. 2023 For more information, visit l ABOUT EARTH FOUNDRY Earth Foundry is an early-stage venture capital firm that invests in transformational clean energy and climate technologies. For more than a decade, our team has worked closely with founders of hardware, software and materials science innovations, helping them to build and scale successful ventures. Our established track record in climate tech is underpinned by our specialized platform for sourcing, diligencing, building, and exiting companies in this trillion-dollar industry. We leverage a vast network of relationships, deep domain expertise, a decade of pattern recognition and a set of proprietary investment frameworks which has avoided more than 9.8 million tons of CO2 emissions. ABOUT MUUS CLIMATE PARTNERS MUUS Climate Partners (MCP) invests at the convergence of tech and decarbonization, focusing on technologies that have the most carbon reduction potential. MCP’s diverse and entrepreneurial team members have built new ventures, advanced climate policy and led corporate initiatives around decarbonization. The team’s combined decades of climate leadership and broad network enable MCP to identify and support winning climate software and hardware solutions. To date, MCP has invested in 30 companies across Funds I and II. MCP is an affiliate of MUUS & Company, the private investment firm of serial entrepreneur and Tiger 21 founder Michael Sonnenfeldt. For more information, please visit: ABOUT STARSHOT CAPITAL Starshot Capital supports ambitious founders building gigaton-scale climate solutions to decarbonize massive markets. Starshot is proud to support founders building high-impact, high-growth businesses: those ambitious enough to change the world and improve the lives of millions of people. ABOUT PORTFOLIA Portfolia is the world’s most powerful community of women investors with 1,700+ members in 18 countries and 46 states. We’ve directed over $50M AUM across 14 funds, which have made 158+ investments in Pre-Seed to Pre-IPO companies. Our venture funds let us aggregate our assets to create positive changes in the world. We’re using our experience, knowledge, and influence to invest in and advance innovations for returns and impacts. Learn more about Portfolia’s unique investment model and our game-changing funds, visit our website at Contact Details Harvest Thermal David Tuft +1 202-494-0813 Company Website

October 19, 2023 09:00 AM Eastern Daylight Time

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SSV Capital NED reveals high hopes ahead of SmartPay soft launch

SSV Capital Ltd

SSV Capital Non-Executive Director David Lewis visits the Proactive London studio to speak with Thomas Warner about the emerging company's core mission and pillars. SSV Capital is a portfolio company with an underlying ESG (Environmental, Social, and Governance) focus that emphasises the intertwined importance of people, planet, and prosperity. The firm operates on three main pillars: a FinTech initiative named SmartPay, a commercial property division focusing on eco-friendly solutions, and a fund exclusively centred on ESG investments. Lewis, who brings experience in digital transformation, highlights the company's commitment to investing in organisations with similar ESG goals. He expresses excitement about SmartPay's upcoming soft launch, which utilizes QR codes and open banking standards to reduce costs and environmental impact. Lewis explains that his decision to join SSV Capital was influenced by the company's dedication to addressing climatic challenges and its talented executive team. He says "As a planet we're in an existential crisis, and in that context it is obligatory for those of us who... understand the crisis to engage with it." Contact Details Proactive UK Ltd +44 20 7989 0813

October 16, 2023 06:27 AM Eastern Daylight Time

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