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TraWell Co "looking forward to best year ever" in margin terms

TraWell Co

TraWell Co CEO Rudolph Gentile speaks to Steve Darling from Proactive about how the multinational airport retail company has been performing recently. Gentile gives a brief history of the company, which specialises in luggage wrapping services, and says it has experienced remarkable growth since its founding 27 years ago. He emphasises his personal involvement in the company's early operations. He says the service is used for several different reasons, including the safeguarding of luggage from damage, theft, and inclement weather and has gained traction in the years since the company's founding. Although the pandemic led to a temporary reduction in airport coverage, TraWell is poised for a strong comeback, with plans to expand to major airports. He also notes that the company had its "best year ever" in 2022 in terms of "marginality" and expects a new record in that respect for 2023. The CEO also highlighted the company's rebranding to accommodate a broader range of airport services, including luggage storage and parking. Gentile expresses particular enthusiasm for the US market, citing it as a pivotal driver for growth and investor interest. Looking ahead, TraWell Co. aims to pursue strategic acquisitions, further expanding its presence and establishing itself as a major player in the travel services industry. s Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

September 21, 2023 02:09 PM Eastern Daylight Time

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Cepton's new Chief Commercial Officer shares path to industrializing lidar with automotive programs

Cepton Inc

Mitch Hourtienne, who previously held the position of senior vice president at Cepton, shares details of his new role as chief commercial officer with Steve Darling from Proactive. Hourtienne brings over two decades of experience in the automotive industry, and his tenure at Cepton began in 2018. Hourtienne's career spans various notable companies, including Sensata, Freescale Semiconductor, Infineon Technologies, and Siemens VDO Automotive, where he has led efforts in product marketing and sales. During his time at Cepton, he has played a pivotal role in securing the company's flagship ADAS lidar series production contract with General Motors and strengthening its partnership with Koito Manufacturing Co, a world-leading Tier 1 supplier. In his new capacity as chief commercial officer, Hourtienne will continue to oversee Cepton's business development, product management, and marketing teams. Cepton’s lidar technology holds promise in various applications, particularly in the realms of autonomous vehicles and smart cities. With Hourtienne's wealth of experience and expertise, the company is well-positioned to expand its market reach and continue delivering innovative solutions to address the evolving needs of the automotive and smart infrastructure sectors. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

September 21, 2023 01:52 PM Eastern Daylight Time

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Citi Says Copper Boom Will Make Historic 2008 Oil Price Surge Look Like Child’s Play

MarketJar

Last year, Russia's invasion of Ukraine led to major disruptions in the global supply chain and precipitated Western sanctions, sending oil prices soaring across the world's economies. In the US, the aftermath was particularly acute as gasoline prices rose sharply, jumping from an average of $3.40 per gallon in January to an eye-watering record of $5 by June. Now, as global economies rebound from the aftershocks and subsequent oil price spikes, a new commodity is emerging as a potential powerhouse: copper. In the age of renewable energy and electric vehicles, it's becoming clear that copper is the linchpin of the green revolution. According to CitiGroup, by 2025 the copper boom will make the 2008 oil price hike “look like child’s play.” Max Layton, Managing Director of Commodity Research at Citi, compared the upcoming copper surge to the 2008 oil rally when oil prices went from $50 a barrel in mid-2006 to over $140 a barrel by the end of 2007. Copper is now considered the "new oil" due to its role in electric vehicle (EV) batteries and green energy technologies like solar panels and wind turbines and in turn, could see a similar upside in the next three years. Although copper prices are expected to decline in 2023 due to China's economic struggles and slower global growth, Citi sees this as an opportunity. Layton suggests that cautious investors start buying copper gradually over the next year, anticipating that China's economic reform and energy transition will drive prices to $15,000 per metric ton by 2025, potentially yielding returns ranging from 50% to 100%. Despite the short-term challenges, the world’s eighth largest copper producer KGHM Polska Miedź endorsed Citi's bullish outlook, stating that the long-term rise of EVs and the green revolution will boost global copper demand. KGHM believes that limited supply, increased taxes on new mining projects, and environmental regulations are expected to keep copper prices high in the coming years. Investment research company The Oregon Group also sees rising demand and the imminent copper supply shortage as a major driver in the copper market boom. The Oregon Group was started by Anthony Milewski and Justin Cochrane, who are both independent experts in the capital markets, with a particular focus on commodities. In its latest report titled “Copper: At the Centre of the Metal Supercycle,” The Oregon Group highlights how the burgeoning demand for copper from battery megafactories, solar facilities, and electrified transport is rapidly surpassing supply, heralding the emergence of a new metal supercycle. The Oregon Group Anticipates Historical Copper Supply Gap According to The Oregon Group, global copper consumption has tripled in the past half-century. The ongoing global transition to cleaner energy sources is expected to further escalate the demand for copper. “When global copper demand increases, it typically does so at a pace that outstrips supply side growth, leading to rapid price rises.” - Anthony Milewski, The Oregon Group Initiatives in various countries, some of which have set legally-binding carbon targets, indicate a continued upward trajectory for copper's demand. As remarked by Daniel Yergin from S&P Global, copper will play a pivotal role in our energy transition, being central to electrification. Here are some highlights from the report: Currently, China stands as the most substantial consumer of copper but The Oregon Group forecasts more diversified geographical demand in the future. With the world's emphasis on green transitions, copper's demand is also coming from an increased number of sources. Despite vast global reserves, a crucial distinction exists between reserves and actual production. The fact is, the lack of operating mines and projects ready for production presents a significant challenge. With over a decade of underinvestment in new copper supplies, combined with today’s high costs and complexities associated with exploration and development, the supply challenge becomes very clear. The mining industry's response has been mergers and acquisitions rather than exploration and production enhancement. In short, they are consolidating supplies but not necessarily increasing them. By 2024, mine supply growth is expected to peak, potentially resulting in a massive deficit by 2035. Supply-demand disparity is bound to impact prices. Recent trends suggest a rise in copper prices due to tightening supplies, but some volatility remains. Goldman Sachs even predicts that prices could reach $15,000 a ton by 2025. The Oregon Group ’s comprehensive report not only provides a wealth of data about the dynamic copper industry and analyzes the major drivers that will continue to drive price growth in the near future, it presents invaluable insights for investors eager to tap into the expanding copper market including a list of copper stocks and ETFs to consider. Click here to read The Oregon Group 's full report Copper: At the Centre of the Metal Supercycle for an in-depth insight into the copper market, its key trends, and the major players. Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, The Oregon Group. Market Jar Media Inc. has or expects to receive from The Oregon Group’s Digital Marketing Agency of Record (Native Ads Inc) one thousand five hundred USD for this article. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on PressReach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on PressReach.com 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding The Oregon Group.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to The Oregon Group.’s industry; (b) market opportunity; (c) The Oregon Group’s business plans and strategies; (d) services that The Oregon Group intends to offer; (e) The Oregon Groups milestone projections and targets; (f) The Oregon Group’s expectations regarding receipt of approval for regulatory applications; (g) The Oregon Group’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) The Oregon Group’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute The Oregon Group’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) The Oregon Group’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) The Oregon Group’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) The Oregon Group’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of The Oregon Group to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) The Oregon Group’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact The Oregon Group’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing The Oregon Group’s business operations (e) The Oregon Group may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, The Oregon Group undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does The Oregon Group nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither The Oregon Group nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of The Oregon Group or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of The Oregon Group or such entities and are not necessarily indicative of future performance of The Oregon Group or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

September 21, 2023 10:00 AM Eastern Daylight Time

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US Global Investors continues to see strong results from US Global Jets fund

HANetf

US Global Investors CEO Frank Holmes joined Steve Darling from Proactive to provide insights into the company's US Global Jets fund, which was initiated in 2015. The fund's performance and the aviation industry have witnessed a rebound following the challenges posed by the COVID-19 pandemic. Holmes elaborated on the factors driving the fund's performance and discussed key developments in the aviation sector. One notable development is the upgrade of Mexico's air safety rating from Category 2 back to Category 1 by the Federal Aviation Administration (FAA) last week. This upgrade reflects improved safety standards and is a positive indicator for Mexico's aviation industry. Holmes also highlighted an interesting historical trend in the airline industry. Airlines have historically exhibited an inverse relationship with oil prices. When oil prices rise, airline stocks tend to underperform, while they tend to outperform when oil prices decline. This unique relationship can present attractive entry points for investors looking to gain exposure to the global airline industry, especially in times of fluctuating oil prices. The rebound of the US Global Jets Fund and the positive developments in the aviation sector demonstrate the resilience of the industry in overcoming challenges and adapting to changing market conditions. Holmes' insights shed light on the investment opportunities within the aviation sector, offering valuable considerations for investors interested in this dynamic industry. Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com

September 20, 2023 02:18 PM Eastern Daylight Time

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Get SAT’s new In-Flight Connectivity ESA Terminal was chosen by Safran Passenger Innovations, as part of the RAVE AeroConnect Ku IFC solution

Get SAT

20 September 2023 - Get SAT, an innovator in compact satellite communication terminals for ground, airborne, and maritime applications, today announced that it has been chosen by Safran Passenger Innovations (SPI) to supply an innovative Ku-band terminal as part of SPI’s “RAVE AeroConnect” inflight connectivity (IFC) products. RAVE AeroConnect Ku is a new flexible satellite connectivity solution, which will be provided to airlines as linefit and retrofit options on all major aircraft platforms. The antenna will add Ku-band capability in addition to SPI’s existing Ka-band offering. With RAVE AeroConnect, airlines will be able to choose between various satellite services and multiple constellations. Notably RAVE AeroConnect will be available on Airbus aircraft as SFE* line-fit and retrofit catalogue option as part of Airbus’ Airspace HBC plus (targeted offer ability for 2024 and EIS in 2026) and enable airlines to connect to a choice of service providers. RAVE AeroConnect Ku is part of a complete IFC solution with a radome, adapter plate and various modem options. Get SAT Aero LESA represents state-of-the-art, low profile ESA (Electronically Steered Antenna) technology operating in the Ku-frequency band. It allows simultaneous connection with both Geostationary Orbit (GEO) and Low Earth Orbit (LEO) satellite constellations, to enable simultaneous multi-beam multi-orbit operation. This small, versatile terminal will provide airline passengers with unparalleled connectivity experience through true global coverage by its multi-orbit performance and higher bit rates with its multi-beam simultaneous links. Built specifically for airborne operations, RAVE AeroConnect Ku solution, which includes Get SAT Aero LESA, supports both in-flight connectivity and entertainment. The new RAVE AeroConnect Ku terminal from SPI, that was selected by Airbus for its HBCplus solution, leads to significant reductions in operating costs and boosts the user experience. This enhanced connectivity solution will ensure faster, more reliable passenger connectivity with greater flexibility. Passengers can look forward to a remarkable, seamless in-flight connectivity experience. Offering high-speed connectivity, the terminal delivers enhanced data rates, reduced drag and latency, and increased performance, thus boosting productivity, reliability and decreasing operational costs. This innovative solution, which allows data exchange as a unified aircraft system, is ideally tailored to support future capacity growth and digital services demand. It empowers airlines to offer passengers an exceptional connectivity experience. Get SAT CEO, Benjamin, said: "SPI has recognized our expertise in navigating complex SATCOM challenges, highlighting our contribution to evolving airborne communication solutions. Together with SPI and Airbus, we're gearing up to amplify the RAVE AeroConnect IFC offering using our innovative communication terminals, which are specifically designed to cater to airline demands. It's a matter of pride for us to be a part of such transformative steps in commercial aviation." Matt Smith, CEO of SPI said: “Safran Passenger Innovations is delighted to select Get SAT as the Ku-band ESA provider for our various airline and OEM programs. We are excited to disrupt the industry by providing agnostic and open terminals supporting the Airbus vision, giving airlines the freedom of choice for their future connectivity services. Get SAT has demonstrated their ability to meet the needs of demanding government customers and we are excited to bring this technology to the commercial airline market.” About Get SAT Get SAT is at the forefront in supplying Micronized Satellite Terminals, which come in a compact form and are suitable for ground, air, and maritime applications. The company's groundbreaking antenna technology delivers the highest level of efficiency in the most compact size. The LESA antenna technology is a leap forward in capability and form factor, enabling Get SAT to provide truly portable, integrated, full-duplex, wide-band satellite communications. Get SAT terminals operate in multi- orbit satellite constellations, in GEO, MEO and LEO. For more information visit www.getsat.com Press Contacts Get SAT Ayala Pinhasi +972-76-5300-700 #122 +1-571-501-5150 info@getsat.com About SPI Safran is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 83,000 employees and sales of 19,0 billion euros in 2022 and holds, alone or in partnership, world or regional leadership positions in its core markets. Safran undertakes research and development programs to maintain the environmental priorities of its R&T and innovation roadmap. Safran is listed on the Euronext Paris stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices. Safran Passenger Innovations creates innovative in-flight entertainment and connectivity systems using the latest in consumer and avionics technology to provide best in class hardware, software, and services for a premium, connected flying experience. For more information: www.safran-group.com www.safran-group.com/companies/safran-passenger-innovations Press Contacts Jared Siqueland +1-714-203-0525 jared.siqueland@zii.aero SFE* = Supplier Furnished Equipment Contact Details Get SAT Ayala Pinhasi +972 76-530-0700 ayala@getsat.com Company Website https://www.getsat.com/

September 20, 2023 05:00 AM Pacific Daylight Time

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Naurt supercharges delivery industry as it goes public with innovative geo-location software

Naurt

The global “last mile” food and package delivery industry is worth almost $990b and is facing immense pressures to manage costs and cope with demand. Helping them deliver on their promise and create operational efficiencies, geo-location start-up Naurt today announcing the public launch of their software which is set to redefine the delivery ecosystem. Having successfully completed over 80 pilots with a range of organisations, Naurt is launching with a £300,000 funding from venture builder Founder + Lighting to propel its ambitious scale-up plans. The Naurt platform is laser focussed on fixing the biggest issue facing delivery drivers: the arduous task of finding the best parking spot and the correct building entrance. By showcasing the optimal locations, Naurt guarantees quicker deliveries, ensuring parcels never get lost or delayed. This innovation not only enhances delivery capacity by 5% to 15%, but it also significantly impacts delivery companies’ gross profit margins by minimising the key industry “stop cost” metric. This measures the number of deliveries made per shift divided by the length of time it’s taken the driver to complete. During its beta testing (last 18 months), Naurt has collaborated with 83 organisations, who have reported a 6.67% increase in daily deliveries. This boost, equating to an additional delivery per day for drivers, translates into substantial financial savings for companies, especially when labour costs account for a substantial 40% of delivery service expenses. Founded in 2020, Naurt has been on a mission to refine GPS tracking accuracy. The company’s unique software-first approach has enabled them to deliver significant business impact and has been recognised by winning Tech Nation’s Rising Stars start-up competition, outperforming 627 others. With a rapidly expanding team, which includes industry stalwarts Lucy Woolfenden, former CMO at Yolt, and Cien Solon, ex-Zilch, Naurt is poised to scale the business. Jack Maddalena, CEO of Naurt, said, “We see many businesses miss out due to poor levels of location data quality. Now that we have proven our quality of location tracking and data, this will lift the constraints and open possibilities for teams. Naurt has unlocked this opportunity for businesses, with the delivery sector being our initial focus. It's become clear that accurate location tracking alone is not sufficient in this fast paced industry, there's a desperate need for location intelligence in each and every delivery. A lack of which is costing businesses and people time, money and safety. We have created a solution that is able to improve on this without the need for extra hardware. The work we are doing will be transformational for people and businesses around the world”. The current economic environment has witnessed a shift from growth to profitability. Final mile companies are striving to streamline operations, making Naurt’s solution increasingly pertinent. Their patent-pending software not only ensures efficient deliveries by determining optimal parking spots and building entrances, but it also amasses invaluable data, with over 500 million location points collected in collaboration with global delivery giants. Recent studies, like the research paper from Washington University, have underscored the need for intelligent parking solutions, highlighting potential savings of up to 27.9% in parking search time. This further emphasises the value Naurt brings to the industry. “We are confident that Naurt has a globally unrivalled location-tracking solution. Last-mile delivery problems are costing businesses millions each year and Naurt will help slash these inefficiencies.” added Conor Moylan, Chief Investment Officer at Founder + Lightning Looking ahead, Naurt is eager to integrate with numerous delivery companies, aspiring to become an industry-standard software solution. Their vision extends beyond deliveries; they foresee their technology aiding utility companies in asset tracking, potentially revolutionising maintenance protocols. About Naurt Established in 2020 in the UK, Naurt is reshaping the delivery landscape with pioneering software solutions. Our focus on advanced GPS tracking and precise parking and entrance data has simplified deliveries, boosting efficiency and profits for global delivery firms. As a winner of Tech Nation’s Rising Stars award, we’ve showcased a software-driven approach to tangible challenges. In partnership with industry titans, we’ve captured over 500 million location points, leading the way in delivery and location tracking. Naurt is on a mission to set the benchmark in location data across diverse sectors. About Founder & Lighting Founder + Lightning Capital invests in Founders to help them build, grow and transform their businesses with technology. Over the last decade, Founder + Lightning has built over 35 businesses, protecting Founders’ runway and business growth like their own. Founder + Lightning Capital has an ecosystem of investment, strategy, design and tech and is looking to invest in Founders building B2B startups. For more information and to apply go to: https://www.founderandlightning.com/capital/founders Contact Details Naurt Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.naurt.com/

September 20, 2023 07:00 AM Eastern Daylight Time

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Get SAT’s new In-Flight Connectivity ESA Terminal was chosen by Safran Passenger Innovations, as part of the RAVE AeroConnect Ku IFC solution

Get SAT

19 September 2023 - Get SAT, an innovator in compact satellite communication terminals for ground, airborne, and maritime applications, today announced that it has been chosen by Safran Passenger Innovations (SPI) to supply an innovative Ku-band terminal as part of SPI’s “RAVE AeroConnect” inflight connectivity (IFC) products. RAVE AeroConnect Ku is a new flexible satellite connectivity solution, which will be provided to airlines as linefit and retrofit options on all major aircraft platforms. The antenna will add Ku-band capability in addition to SPI’s existing Ka-band offering. With RAVE AeroConnect, airlines will be able to choose between various satellite services and multiple constellations. Notably RAVE AeroConnect will be available on Airbus aircraft as SFE* line-fit and retrofit catalogue option as part of Airbus’ Airspace HBC plus (targeted offer ability for 2024 and EIS in 2026) and enable airlines to connect to a choice of service providers. RAVE AeroConnect Ku is part of a complete IFC solution with a radome, adapter plate and various modem options. Get SAT Aero LESA represents state-of-the-art, low profile ESA (Electronically Steered Antenna) technology operating in the Ku-frequency band. It allows simultaneous connection with both Geostationary Orbit (GEO) and Low Earth Orbit (LEO) satellite constellations, to enable simultaneous multi-beam multi-orbit operation. This small, versatile terminal will provide airline passengers with unparalleled connectivity experience through true global coverage by its multi-orbit performance and higher bit rates with its multi-beam simultaneous links. Built specifically for airborne operations, RAVE AeroConnect Ku solution, which includes Get SAT Aero LESA, supports both in-flight connectivity and entertainment. The new RAVE AeroConnect Ku terminal from SPI, that was selected by Airbus for its HBCplus solution, leads to significant reductions in operating costs and boosts the user experience. This enhanced connectivity solution will ensure faster, more reliable passenger connectivity with greater flexibility. Passengers can look forward to a remarkable, seamless in-flight connectivity experience. Offering high-speed connectivity, the terminal delivers enhanced data rates, reduced drag and latency, and increased performance, thus boosting productivity, reliability and decreasing operational costs. This innovative solution, which allows data exchange as a unified aircraft system, is ideally tailored to support future capacity growth and digital services demand. It empowers airlines to offer passengers an exceptional connectivity experience. Get SAT CEO, Benjamin, said: "SPI has recognized our expertise in navigating complex SATCOM challenges, highlighting our contribution to evolving airborne communication solutions. Together with SPI and Airbus, we're gearing up to amplify the RAVE AeroConnect IFC offering using our innovative communication terminals, which are specifically designed to cater to airline demands. It's a matter of pride for us to be a part of such transformative steps in commercial aviation." Matt Smith, CEO of SPI said: “Safran Passenger Innovations is delighted to select Get SAT as the Ku-band ESA provider for our various airline and OEM programs. We are excited to disrupt the industry by providing agnostic and open terminals supporting the Airbus vision, giving airlines the freedom of choice for their future connectivity services. Get SAT has demonstrated their ability to meet the needs of demanding government customers and we are excited to bring this technology to the commercial airline market.” About Get SAT Get SAT is at the forefront in supplying Micronized Satellite Terminals, which come in a compact form and are suitable for ground, air, and maritime applications. The company's groundbreaking antenna technology delivers the highest level of efficiency in the most compact size. The LESA antenna technology is a leap forward in capability and form factor, enabling Get SAT to provide truly portable, integrated, full-duplex, wide-band satellite communications. Get SAT terminals operate in multi- orbit satellite constellations, in GEO, MEO and LEO. For more information visit www.getsat.com Press Contacts Get SAT Ayala Pinhasi +972-76-5300-700 #122 +1-571-501-5150 info@getsat.com About SPI Safran is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 83,000 employees and sales of 19,0 billion euros in 2022 and holds, alone or in partnership, world or regional leadership positions in its core markets. Safran undertakes research and development programs to maintain the environmental priorities of its R&T and innovation roadmap. Safran is listed on the Euronext Paris stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices. Safran Passenger Innovations creates innovative in-flight entertainment and connectivity systems using the latest in consumer and avionics technology to provide best in class hardware, software, and services for a premium, connected flying experience. For more information: www.safran-group.com www.safran-group.com/companies/safran-passenger-innovations Press Contacts Jared Siqueland +1-714-203-0525 jared.siqueland@zii.aero SFE* = Supplier Furnished Equipment Contact Details Get SAT Ayala Pinhasi +972 76-530-0700 info@getsat.com Company Website https://www.getsat.com/

September 19, 2023 11:00 PM Pacific Daylight Time

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Ocean Power Technologies sees 1Q revenue climb as sales pipeline surges

Ocean Power Technologies Inc

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to share details of the company's fiscal first quarter for 2023. The results showcased significant growth, with revenues reaching $1.3 million, up from $0.7 million in the same period the previous year. The positive financial performance was attributed to various factors, including sales of WAM-V autonomous vehicles, revenue generated from a previously announced contract with the Department of Energy, and strategic consulting services. Stratmann highlighted the remarkable growth in the company's sales pipeline, which has increased by an impressive 215% year over year, now standing at approximately $85 million. This surge is attributed to several factors, including a substantial increase in defense and security activity and expanding commercial opportunities. Notably, there is growing interest from offshore wind companies seeking autonomous monitoring, surveillance, and survey-related services at various stages of project development. Ocean Power Technologies is uniquely positioned as a provider of ocean energy and intelligent data services. The company's innovative, low-carbon distributed and autonomous ocean power and data solutions, coupled with offshore engineering and design services, positions it as a key player in the evolving landscape of sustainable energy and ocean-related services. Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com

September 19, 2023 02:17 PM Eastern Daylight Time

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Foresight to Present at the LD Micro Main Event XVI

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, today announced that Eli Yoresh, Chief Financial Officer, and Doron Cohadier, VP of Business Development, will present at the LD Micro Main Event XVI in Los Angeles, California, on Tuesday, October 3 rd, 2023, at 2:00pm PT / 5:00pm ET. Management will be available for one-on-one meetings on October 3 rd and 4 th. To schedule a meeting, please contact LD Micro or Miri Segal at msegal@ms-ir.com. A webcast of the presentation will be streamed live at the following link: https://me23.sequireevents.com/ About LD Micro LD Micro aims to be the most essential resource in the micro-cap world. Whether it is the Index, comprehensive data, or hosting the most significant events annually, LD's sole mission is to serve as an invaluable asset for all those interested in finding the next generation of great companies. To learn more about LD Micro, visit http://www.ldmicro.com About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

September 18, 2023 09:15 AM Eastern Daylight Time

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