Real Estate

Commercial Home Building Property Management REIT Real Estate Residential
News Release Digital Asset Direct

Nostromo secures a $9.1 million equity investment by Migdal and Freepoint Commodities

Nostromo Energy Limited

Nostromo Energy Ltd. (TASE: NOST), provider of sustainable energy storage solutions to commercial and industrial buildings, based on its proprietary IceBrick™ technology, announced today a $9.1M equity financing by Migdal Group, one of the largest financial groups in Israel, investing approximately $7M, and another $2M by Freepoint Commodities, a Stamford, CT based commodities and energy trading company and developer of renewable energy projects. The investment was in the form of a private issuance of ordinary shares at a price per share of $10.8, including non-tradable 30-months’ warrants to invest an additional $6.4M ($5.0M by Migdal and $1.4M by Freepoint) at a price per share of $15.1, representing a 40% premium on the transaction price. Completion of the investment depends on the approval by the Tel-Aviv Stock Exchange for listing the issued shares for trade. The proceeds of this investment will be used by Nostromo to expand its business operations in the US market, as well as expand its R&D, software, engineering, project management, production, Q&A, regulatory and US sales and marketing organization. “This investment further strengthens our financial position and, more importantly, creates partnership with two important shareholders with significant value. Migdal is a leading institutional investor, with a clear commitment to clean energy, energy storage, and sustainability in general,” says Yoram Ashrey, CEO of Nostromo. “Freepoint brings a broad and deep understanding of energy markets, which will be highly valuable to us as we grow in the US market.” “As renewable sources of power provide more of our electricity needs in the future, there will be an increasing demand for storage systems to balance the power grid. Nostromo’s innovative IceBrick is a solution unique in its safety and reliability, and will no doubt be a compelling mechanism to create behind-the-meter power storage in the future. We are highly impressed by the Nostromo team’s achievements to date and look forward to working with them in the future to expand commercial adoption of the IceBrick technology.” Said David Messer, CEO of Freepoint Commodities. About Nostromo Energy Nostromo accelerates the renewable energy revolution, with its sustainable energy storage solution that enables commercial and industrial buildings to do their part in stopping climate change by becoming large-scale energy storage assets. Nostromo paves the way to a carbon free electric grid, while offering a safe, clean and financially beneficial system to building owners. Nostromo’s revolutionary technology, the IceBrick™, stores cold energy during off-peak or surplus solar hours and uses it to power commercial space cooling, which accounts for approximately 40% of power demand during peak hours. https://www.nostromo.energy Contact Details Lea Berdugo +972 54-297-3672 lea@reblonde.com Company Website https://nostromo.energy/

November 11, 2021 09:00 AM Eastern Standard Time

Provident Bank Survey Shows Bidding Wars are the New Norm for Home Buyers

Provident Bank

Provident Bank, a leading New Jersey-based financial institution, today released a new Home Buyer Research Report showing increased competition in the housing market. In fact, approximately 61% of the survey’s 400 respondents – all recent home buyers – competed in at least one bidding war during their home search. Despite competition, most said their winning offer on the home they ultimately purchased was at or above asking price with more than 25% saying their winning offer was more than 10% above asking price. Additionally, 70% of respondents reported a positive buying experience. “Our survey showed that first-time home buyers have not been scared off by the competitive housing market,” said Tony Labozzetta, President & COO, Provident Bank. “The research shows that motivators to move are largely quality of life factors like better neighborhoods, better schools, job relocation or transfer. The good news is that most have been pleased with the overall home buying process despite the competitive market.” The survey also found that recent buyers are offering lower down payments. Despite most respondents offering less than 20% for a down payment, they had no difficulty obtaining a mortgage. Mortgage rates are still historically low for many recent home buyers, with 31% saying their rate is between 2-3%. Additional findings include: Approximately 75% of home buyers did at least half of their home shopping in-person, while 25% did most of their home shopping online. More than half (55%) think they overpaid for their home, however, 44% of respondents do not regret buying now. Over half of respondents think they will stay in their home for five years or fewer. Methodology Provident Bank surveyed 400 recent home buyers in the U.S. between the ages of 25 and 54. A full research report is available upon request. About Provident Bank Provident Bank, a community-oriented financial institution offering “Commitment you can count on” since 1839, is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS), which reported assets of $13.39 billion as of September 30, 2021. With $10.84 billion in deposits, Provident Bank provides a comprehensive suite of financial products and services through its network of branches throughout northern and central New Jersey, as well as Bucks, Lehigh and Northampton counties in Pennsylvania and Queens County in New York. The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company and insurance services through its wholly owned subsidiary, SB One Insurance Agency, Inc. For more information about Provident Bank, visit www.provident.bank or join the conversations on Facebook (ProvidentBank) and Twitter (@ProvidentBank). Contact Details Provident Bank Keith Buscio, Director of Public Relations +1 732-590-9407 Keith.Buscio@Provident.Bank

November 11, 2021 08:03 AM Eastern Standard Time

Home Maintenance Tips for the Winter: How to Know if You Need to Call an Expert

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/2UPtX1CdE1s Ready or not, winter is on its way. Depending on where you live, you might've already felt the temperature drop, which means it's a good time to start preparing your home for the coldest months ahead. But if you’re not an expert in DIY home maintenance, knowing where to look and knowing what to look for can be difficult. It may be time to call in the real experts. On Thursday, November 4 th, Chief Operating Officer of One Hour Heating & Air Conditioning, Benjamin Franklin Plumbing and Mister Sparky Electric, Mark Dawson conducted a nationwide media tour to share helpful tips on preparing your home for winter and for the influx of family and friends this holiday season. For more information, expert and licensed professionals at Benjamin Franklin Plumbing, One Hour Heating & Air Conditioning and Mister Sparky are ready to assist and service homeowners across the country. To request a service, visit: https://www.mistersparky.com/ https://www.benjaminfranklinplumbing.com/ https://www.onehourheatandair.com / About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content. It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

November 10, 2021 04:54 PM Eastern Standard Time

Video

Copper Property CTL Pass Through Trust Issues Monthly Reporting Package for October 2021

Copper Property CTL Pass Through Trust

Copper Property CTL Pass Through Trust (“the Trust”), has filed a Form 8-K containing its monthly report for the period ended October 31, 2021. An aggregate total distribution of $6.2 Million or $0.082498 per trust certificate will be paid on November 10, 2021 to certificateholders of record as of November 9, 2021. LIVE CONFERENCE CALL The Trust will be hosting a live conference call to discuss its Quarterly Report on Form 10-Q for the period ended September 30, 2021 (“Quarterly Report”) and its Monthly Report for the periods ended September 30, 2021 and October 31, 2021 (“Monthly Report”). The Trust’s sales progress, strategy and NASDAQ listing status will also be discussed. The conference call will be held on Thursday, November 11, 2021 at 12 noon Central Time/1:00 pm Eastern Time and will include a Question and Answer (Q&A) session. CONFERENCE CALL DETAILS: DATE: Thursday, November 11, 2021 TIME: 12:00 Noon CST | 1:00 pm EST DIAL-IN: U.S. & Canada Toll Free: (877) 841-2983 or International (215) 268-9893 WEBCAST: www.ctltrust.net via the Investor Relations Section or click here to access REPLAY (Available for 30 days): U.S. & Canada Toll Free: (877) 660-6853 / International: (201) 612-7415 Conference ID#: 13725079 Additional information, including the Trust’s Monthly Report and Quarterly Report, as well as other filings with the Securities and Exchange Commission (“SEC”) can be accessed via the Trust’s website at www.ctltrust.net. About Copper Property CTL Pass Through Trust Copper Property CTL Pass Through Trust (the “Trust”) was established to acquire 160 retail properties and 6 warehouse distribution centers (the “Properties”) from J.C. Penney as part of its Chapter 11 plan of reorganization. The Trust’s operations consist solely of owning, leasing and selling the Properties. The Trust’s objective is to sell the Properties to third-party purchasers as promptly as practicable. The Trustee of the trust is GLAS Trust Company LLC. The Trust is externally managed by an affiliate of Hilco Real Estate LLC. The Trust is intended to be treated, for tax purposes, as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d). For more information, please visit www.ctltrust.net. Forward Looking Statement This news release contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “our vision,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative thereof or other variations thereof or comparable terminology and include, but are not limited to, the Trust’s expectations or beliefs concerning future events and stock price performance. The Trust has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Trust believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These factors, including those discussed in the Trust’s Registration Statement on Form 10 filed with the Securities and Exchange Commission (the “SEC”), may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Trust’s filings with the SEC that are available at www.sec.gov. The Trust cautions you that the list of important factors included in the Trust’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this news release may not in fact occur. The Trust undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. Contact Details Copper Property CTL Pass Through Trust Larry Finger | Principal Financial Officer +1 310-526-1707 lfinger@ctltrust.net IRRealized LLC Mary Jensen | Investor Relations +1 310-526-1707 mary@irrealized.com Company Website https://ctltrust.net/about/default.aspx

November 09, 2021 05:14 PM Eastern Standard Time

WHEELER REAL ESTATE INVESTMENT TRUST, INC. ANNOUNCES THE RELEASE OF ITS THIRD QUARTER 2021 FINANCIAL AND OPERATING RESULTS

Wheeler Real Estate Investment Trust, Inc.

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) (“WHLR” or the “Company”) announced today that it has reported its financial and operating results for the three and nine months ended September 30, 2021 on Form 10-Q. In conjunction with this announcement, the Company has posted to its website supplemental information regarding WHLR's financial and operating results for the three and nine months ended September 30, 2021. This information, as well as additional information on WHLR and its business activities, can be accessed via the Investor Relations page at www.whlr.us. ABOUT WHEELER REAL ESTATE INVESTMENT TRUST, INC. Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc. is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers. Please visit the Company's website for more information. Interested parties may access the website through the following link www.whlr.us. Contact Details Wheeler Real Estate Investment Trust Mary Jensen | Investor Relations +1 757-627-9088 mjensen@whlr.us

November 09, 2021 04:15 PM Eastern Standard Time

Copper Property CTL Pass Through Trust Announces Application to List on NASDAQ

Copper Property CTL Pass Through Trust

Copper Property CTL Pass Through Trust (the “Trust”) a New York common law trust, today announced that it has applied to list its trust certificates on the Nasdaq Capital Market (“NASDAQ”). Commenting on the listing, Larry Finger, the Trust’s Chief Financial Principal stated, “we believe that being listed on the NASDAQ Exchange will create greater liquidity in the certificates and we look forward to generating additional exposure through this listing as we move forward on liquidating the Trust’s underlying assets.” The listing of the Trust's trust certificates on the NASDAQ Exchange remains subject approval as well as meeting all applicable listing and regulatory requirements. These conditions include having at least 300 unrestricted round lot trust certificate holders, which the Trust does not currently satisfy. The Trust intends to take necessary measures to satisfy all of the applicable listing and regulatory requirements, however, no assurance can be given that the Trust will do so or that its application will be approved. About Copper Property CTL Pass Through Trust The Trust was established to acquire 160 retail properties and 6 warehouse distribution centers (the “Properties”) from J.C. Penney as part of its Chapter 11 plan of reorganization. The Trust’s operations consist solely of owning, leasing and selling the Properties. The Trust’s objective is to sell the Properties to third-party purchasers as promptly as practicable. The Trustee of the trust is GLAS Trust Company LLC. The Trust is externally managed by an affiliate of Hilco Real Estate LLC. The Trust is intended to be treated, for tax purposes, as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d). For more information, please visit www.ctltrust.net. Forward-Looking Statement This news release contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “our vision,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative thereof or other variations thereof or comparable terminology and include, but are not limited to, the Trust’s expectations or beliefs concerning future events and stock price performance. The Trust has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Trust believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These factors, including those discussed in the Trust’s Registration Statement on Form 10 filed with the Securities and Exchange Commission (the “SEC”), may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Trust’s filings with the SEC that are available at www.sec.gov. The Trust cautions you that the list of important factors included in the Trust’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this news release may not in fact occur. The Trust undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. Contact Details Copper Property CTL Pass Through Trust Larry Finger | Principal Financial Officer +1 310-526-1707 lfinger@ctltrust.net IRRealized LLC Mary Jensen | Investor Relatiosn +1 310-526-1707 mary@irrealized.com Company Website https://ctltrust.net/about/default.aspx

November 09, 2021 08:20 AM Eastern Standard Time

Hyundai Construction Equipment launches the next-generation 2.5-ton electric forklift (B-X)

Hyundai Construction Equipment

Launching the next-generation 2.5-ton electric forklift with the first application of lithium iron phosphate battery Carrying out a customer-centered marketing campaign targeting the logistics industry for industrial vehicles Hyundai Construction Equipment (CEO Choi Chul-gon) is launching the B-X Series, the next-generation electric forklift. Hyundai Construction Equipment will actively target the eco-friendly logistics market with B-X, the next-generation high-performance electric forklift, on November 3 (Wednesday). The 2.5-ton electric forklift is the most widely used product in indoor workplaces and is expected to be the core product, along with the company’s first medium-sized hydrogen forklift developed in Korea, to lead the eco-friendly logistics industry. Hyundai Construction Equipment is determined to redefine standards for small electric forklift markets—where cost-effectiveness is important—by applying lithium iron phosphate (LFP) batteries for the first time in the B-X series. As LFP batteries require shorter charging time and generate higher output power than lead-acid batteries, which have been mainly applied to conventional electric forklifts, they are suitable for the logistics industry with long operating hours and high volume of goods. For this series, Hyundai Construction Equipment has maximized drivers’ convenience. It optimized the driver's seat design and air-conditioning and heating functions from an ergonomic aspect to ensure an internal structure that can support long-term operations. Moreover, it allows battery withdrawal on the side, thereby increasing the maintenance convenience. Conventional electric forklifts needed cranes when taking out a battery, but the B-X Series allows withdrawing it on the side more easily and safely using hand pallets or forklifts. Starting with the online launch on November 3, Hyundai Construction Equipment plans to utilize online and offline marketing actively to promote the B-X series to customers. The online launch will introduce the product and hold an event where customers can directly participate. Hyundai Construction Equipment began the test-drive operation of the next-generation electric forklift B-X series in October as part of its offline launch. The company plans to implement the test-drive program for one year. Moreover, it seeks to communicate actively with customers through its official YouTube channel, Hyundai Industrial Vehicle TV, by producing a variety of contents such as the ceremony of delivering the first vehicle to the customer using new models and launching a separate SNS platform for the industrial vehicle sector by year-end. “We have launched the B-X Series with eco-friendliness, work efficiency, and user-friendly features. We will take the lead in positive changes in the logistics market with differentiated product power and marketing strategies,” an official from Hyundai Construction Equipment said. For inquiries, please contact the HCE PR Team 031) 8006- 6149/ 6150 Contact Details Jun Kim +82 31-210-9407 hyujun.kim@hyundai-ce.com

November 03, 2021 05:01 PM Eastern Daylight Time

Image

Nofar Energy expands the collaboration with Tesla

Nofar Energy Ltd.

Nofar Energy expands further its collaboration with Tesla: the company reported today it had entered a second framework agreement with Tesla on purchasing battery stored power systems with a total capacity of 200 megawatts for $54 million. Under the agreement, Nofar will pay 5% of the consideration on the contract signing date and the balance according to predefined milestones. The storage systems will be supplied from January 2023 through March 2024. This second agreement entered by Nofar and Tesla brings the total capacity of the storage systems to be built as part of the collaboration to 300 MW/h. Most of the storage systems covered by the first agreement entered in February 2021 for 100 MW/h are under or nearing construction. Given the fast implementation pace of the first agreement and the considerable demand, Nofar Energy decided to expand the collaboration with an additional contract for a larger capacity. Nofar estimates its EPC (Engineering, Procurement, and Construction) revenues from the second agreement will total ~ NIS 250 million. The annual revenues from power sales (arbitrage and grid services) are expected to total NIS 20-50 million. Moreover, the construction of the storage systems will enable building additional solar systems at high rates in areas characterized by overloaded grids, which could not be achieved in the absence of the storage systems. Nofar Energy plans to develop and manage the storage systems for existing and new partnerships the company and its partners own, including kibbutzim, real estate, commercial, and industrial companies. Several weeks ago, Nofar completed the construction and connection of Tesla’s first storage facility in Israel, in Kibbutz Shoval. Next week, the facility will be inaugurated at a ceremony attended by Tesla executives and representatives of Israel’s energy ministry and Electric Authority. Offering a capacity of 2.718 MW/h, the new facility allows overcoming the constraints placed by the local power grid through connecting additional photo-voltaic systems with significant capacity at a high rate of NIS 0.45 per each Kw/h produced. Moreover, the storage system offers additional economic value due to the planned raising of electricity prices. An independent management system developed by Nofar Energy ensures the facility runs according to the needs and chosen strategy. The project was co-built by Nofar Energy’s partnership with Kibbutz Shoval. Nofar concurrently advances the construction and connection of dozens of other power storage systems on lands owned by Kibbutzim and real estate companies already over the coming year as part of the existing or new partnership. In addition, the signing of the second framework agreement with Tesla allows Nofar to proceed with its action plan while promoting additional procurement agreements with other manufacturers. Nofar CEO Nadav Tenne commented, “I welcome the expanded collaboration with Tesla and thank its representatives for the professional and effective interface. Having projected the upcoming shortage of the power grid in extended areas over a year ago, we prepared accordingly with professional capabilities and control systems, pilots, and strategic collaboration agreements with equipment makers and suppliers. As a result, we can leverage the partnerships we put in place to build and connect tens of storage facilities with significant capacity over the next 12 months. These facilities will generate revenues from power sales, enabling the construction and connection of tens of additional solar systems at high rates independently of the grid’s resources. We plan to initiate similar storage facilities through the growth platforms we own in Europe and the USA. We are proud to be the leaders of Israel’s power storage revolution.” Contact Details Nofar Energy Dikla Ivry Pardnoy +972 52-380-4085 dikla@ivripr.com Company Website https://www.nofar-energy.com/

November 03, 2021 09:53 AM Eastern Daylight Time

Image

British fintech Nimbla attracts £5.1m investment as embedded insurance takes off

Stockwood Strategy

Fintech business insurance startup Nimbla has today announced a £5.1m funding round led by Silicon Valley venture fund Fin VC with participation from Barclays Bank. The funding comes as Nimbla seeks to scale its operations with increased demand from embedded credit risk solutions through its API with banks and alternative lending platforms. Founded in 2016, the Nimbla platform has given businesses the confidence to trade with a peace of mind using invoice insurance with quotes provided within seconds. Their proprietary digital automated credit risk platform is able to process requests immediately and provide real time quotes. Nimbla has processed over 67m invoices worth £2.5b. During the pandemic, volumes of invoices tripled as economic uncertainty and supply chain concerns increased and Nimbla continued writing new business. Flemming Bengtsen, CEO at Nimbla commented: “We have been growing steadily over the past few years, ramping up our technology and team to better understand businesses, the nature of B2B debt and to make faster decisions to serve our growing customer base. 2020 was a seminal year for Nimbla, at a time of global crisis, we were there for businesses enabling them to trade with a peace of mind and giving them confidence to carry on. This funding round will enable us to expand our platform, grow the team as we enable a confident and trusted trading environment for businesses across the UK and beyond”. Nimbla has worked directly with businesses and brokers to provide invoice insurance cover and more recently has launched a new API for Banks, fintech lenders and B2B platforms to enable more business to access the service. Nimbla partnered with Barclays Bank in 2020 to give their one million small business customers the ability to take out insurance against individual invoices, rather than the whole book. “We have built a powerful and robust credit risk model, automated large parts of the process and have now launched a new API to enable others to embed seamless credit risk solutions into their platforms” added Flemming Bengtsen. On investing in funding round Henry Cashin, Head of EMEA at Fin VC, commented: “Nimbla is giving businesses the confidence to trade again. They have a proven credit risk model and its tech is being adopted by top tier banks and a host of lending platforms. We believe this will scale their reach and help more businesses benefit long term”. Looking ahead, Flemming Bengtsen commented: “UK companies have added £1.9tn debt in 2020 to their balance sheets, taking the total amount outstanding to over £6.6tn. This number was inflated by the various government loan schemes. Over half of them are carrying ‘toxic debts’ which carries enormous risk for their trade creditors, there is a huge opportunity and responsibility for Nimbla to give companies a peace of mind and insure their invoices against insolvencies”. About Nimbla Nimbla makes sure businesses get paid for their hard work, even if a customer becomes insolvent. Founded in 2016, the company is on a mission to give SMEs the confidence to trade with a peace of mind using invoice insurance. Nimbla’s digital insurance platform backed by expert risk analysts, allows businesses to check a buyer’s ability to pay and insure individual invoices against non-payment in a fast and affordable way. This will enable business owners to safeguard against insolvent customers, expand into new and existing markets and secure better borrowing terms. The platform can be accessed directly (www.nimbla.com) and through partnerships with Barclays and insurance brokers. Based in London, Nimbla aims to bring the trade credit industry into the 21st century. Challenging traditional insurance models, the cover is flexible and adapts to fit your business — whether it’s a one-off invoice or multiple transactions. Contact Details Nimbla Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.nimbla.com/

November 03, 2021 08:00 AM Eastern Daylight Time

Image

1 ... 62 63 64 65 66 ... 80