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Tickets now available for 2024 Air|Water Southern California Porsche Event

Luftgekuhlt

Following its successful debut in 2023 at Luftgekühlt 9 on Mare Island near San Francisco, Air|Water will henceforth become its own event, separated from the groundbreaking Luft series (which will continue to cater exclusively to air-cooled Porsches). The first independent Air|Water event will take place in Costa Mesa, CA and tickets can be purchased from air-water.com. Owners of every kind of street-driven and racing Porsche can register and enter to display their vehicle at the event. Unlike the incredibly successful Luftgekühlt show series, which changes venue for each occasion, Air|Water plans to call Costa Mesa its home for the foreseeable future and has the space to expand its offering into new experiences for the Porsche enthusiast. The venue functions as the perfect backdrop for what will certainly be one of the largest single brand automotive days, with a diverse format catering to some of the most legendary personalities and all walks of vintage and modern Porsche cars. Air|Water is about race and street, vintage and modern, two- and four-door, combustion and electric, sports cars and SUV, air- and water-cooled engines. Attendees can expect a family environment with plenty of food and beverage options, vendors, aftermarket specialists, custom builders and restoration icons. The show’s model mix was previewed at last year’s Northern California event, with everything from the latest 911 GT3 RS to the current Porsche Penske 963 race car, as well as vintage 356s, survivor 914s, transaxle 944s, overland Cayennes, and much more. Some of the most storied race cars from Porsche‘s past will continue to stand out as fan favorites, and this will remain a headline feature of Air|Water. Owners who wish to display their street or race Porsche at Air|Water should register via air-water.com when purchasing admission tickets. Areas within the venue will be curated for specific storylines. As for the tenth edition of Luftgekühlt, dedicated exclusively to air-cooled Porsche models, it will host its tenth Anniversary show later in 2024. As is tradition, the celebration will commemorate another unforgettable experience for visitors. In the meantime, owners of air-cooled models are invited to join the festivities at Air|Water on April 27 in Costa Mesa. Please note, Air|Water is a private, ticketed event and will remain available while supplies last. Brands and companies wishing to exhibit or partner with Air|Water can use the contact form here: air-water.com/pages/event EDITOR’S NOTE Images from Air|Water are available here: dropbox.com/scl/fo/8wnrm3k1gh32sca4vqu0n/h?rlkey=gzy6evqp5x32vrxa2f1h9hau4&dl=0 A video from the first event in San Francisco is available to download and share here: dropbox.com/s/rcjz2j8h185sqnm/AIRWATER_PROMO_16x9_MASTER.mp4?dl=0 ABOUT AIR|WATER From the creators of Luftgekühlt comes the largest single-brand automotive experience to hit Southern California. It embarks on a fresh format that traces Porsche's journey from its inaugural moments to the contemporary masterpieces and most cutting-edge examples of today. For more information, visit air-water.com ABOUT LUFTGEKÜHLT In the Porsche vernacular, Luftgekühlt represents all the air-cooled cars in the manufacturer’s history, from the Pre-A 356 through the 993 model line, which ended in 1998. A true Porsche happening, Luftgekühlt is an experiential car culture event centered around a tightly curated list of historically significant or interesting cars, both street and race. There is no set formula for our events, but we're excited by cool venues, fun people, and creative expression, so you can bet those elements will always be included. The team strives to develop wild ideas that celebrate the passion we have for all things air-cooled, including exciting collaborations with likeminded people and brands. For more information, visit luftgekuhlt.com Contact Details Media Contact media@luftgekuhlt.com Company Website https://air-water.com/

January 16, 2024 08:55 AM Pacific Standard Time

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ToolsGroup Launches Integrated In-Season Retail Inventory Optimization Solution

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, today announced the launch of their In-Season Inventory Optimization Solution, an integrated suite of tools in the greater JustEnough retail planning and execution suite. This solution combines the award-winning JustEnough Allocation and Replenishment products with rebalancing and markdown optimization powered by EvoAI’s quantum analytics and Inventory HUB’s zero latency inventory tracking. “Retailers today need an integrated solution that is agile enough to adapt to even the smallest changes in demand.” said Sahil Gupta, Chief Product Officer at ToolsGroup “With cutting-edge AI driven forecasting and inventory optimization accessing real-time views of inventory, demand and operations, retailers can ensure the right products are in the right place at the right time at the right price to maximize profit no matter what happens.” Working capital constraints are hitting retailers hard just as inventory-to-sales ratios are reaching their highest-ever levels. No retailer can afford to misallocate or cut margins on that inventory, yet they are navigating unprecedented market uncertainty entering 2024. In-Season Inventory Optimization allows retailers to respond quickly to reality, sensing and adjusting to changes in demand in real time to maximize profits regardless of emerging challenges. Core Benefits of In-Season Inventory Optimization: Minimal missed sales at the lowest possible cost through intelligent allocation that puts the right products on the right channels for higher inventory turns Real-time, store/item/size-level replenishment that adapts to even the smallest signals of changing demand from social trends to weather Fewer stockouts and minimal end-of-season waste thanks to full inventory visibility and optimization More sales with less inventory on hand as stock is dynamically moved across the network to where it will sell fastest Up to a 5.5pp increase in in-season margins through increased full-price sell-through and optimized markdowns “Retailers today must be able to thrive, not just survive, amidst certainty,” said Inna Kuznetsova, CEO of ToolsGroup. “That’s why we’ve launched In-Season Inventory Optimization with sophisticated quantum analytics that can sense even the smallest changes in customer demand in real time and instantly adjust strategy to maximize profits. This agility translates to optimal financial outcomes in even the most difficult markets.” ToolsGroup In-Season Inventory Optimization Solution is an integral part of the trusted JustEnough solution. JustEnough has long delivered unparalleled value and results to retailers around the world. With over 400 customers located in 45 countries, ToolsGroup enables intelligent real-time decision-making that transforms retail planning and execution. Customers report a 5% improvement in revenue growth on top of double-digit reductions in missed sales. Built-in automation cuts the planning workload by up to 90% and helps companies reduce waste by up to 30%. We’re excited to talk to you about our new In-Season Inventory Optimization solution. If you’re here in New York City this week at NRF, come talk to us about it at ToolsGroup’s Booth: 3948. Interested in how JustEnough can help you meet and exceed your in-season inventory and margin goals? Read more HERE. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

January 15, 2024 08:30 AM Eastern Standard Time

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A Milestone in Web3 Governance: STORM Chosen as Legal Counsel for 1inch DAO

STORM Partners

STORM Partners, a leading Web3 solutions provider based in Geneva, has been voted by an overwhelming majority as the legal counsel for 1inch DAO. The decision sets a historic precedent for decentralized autonomous organizations, as it becomes the first time that a DAO has directly hired legal counselling services and delegated its legal representation before third parties. This decision also represents a bridge between the decentralized ethos of a Web3 DAO and the legal and regulatory stability provided by a centralized legal counsel. With STORM Partners’ extensive track record of Web3 client partnerships, this convergence signifies a seamless union of two realms, forming an ideal synergy aligned with the DAO’s objectives. It also marks a significant stride in addressing the multifaceted legal challenges faced by DAOs in today’s evolving landscape, such as regulatory compliance, contractual agreements, governance frameworks, liability protection, intellectual property rights, and defense against external claims The voting was closed on Tuesday night, with an overwhelming 96.46% approval. This is a one-of-a-kind case, as the Swiss company, as legal counsel, proposed the DAO to be engaged and have detailed the characteristics of their mandate. Thus, 1inch DAO has chosen and conferred upon STORM Partners a power of attorney to legally represent it before third parties. “ We are honoured that the 1inch token community has entrusted us as the legal counsel for their DAO. Our team is dedicated to safeguarding their interests with the utmost commitment. This engagement, being 'fully decentralized,’ marks a significant step forward in the journey towards legal recognition of decentralised organizations. It's not just a milestone for us but a testament to the evolving landscape of legal frameworks adapting to innovative governance models,” said Nicola Massella, director of the Legal and Compliance department at STORM Partners. The importance of legal counsel for 1inch DAO cannot be overstated, given the intricate challenges posed by regulatory risks, liability concerns, contractual ambiguities, governance complexities, and the imperative need for legal recognition as a legitimate entity in multiple jurisdictions. We are thrilled to embark on this new chapter with STORM Partners. This partnership not only represents a significant milestone for 1inch Network but also for the broader decentralized finance space. As we navigate the complex regulatory landscape, this collaboration stands as a testament to our dedication to innovation while upholding our core principles. We are enthusiastically looking forward to the future, confident that this union will bolster the robustness and credibility of DeFi, enabling us to continue to expand the horizons of what’s achievable”, added Jordan Reindl, Governance Lead at 1inch. STORM Partners' exclusive focus on Web3, coupled with its tailored approach and experienced legal services, positions it as an ideal collaborator for 1inch DAO. About STORM Partners STORM Partners is a premier all-in-one professional services provider within the dynamic blockchain industry. Its expertise spans the global landscape of Web3, collaborating with a diverse spectrum of businesses and brands – from nimble startups and pre-IDOs to flourishing scale-ups and established global organizations. About 1inch DAO 1inch DAO is a decentralised organization that governs the network parameters, enabling 1INCH holders to vote for key protocol parameters and collect governance rewards. Distributed by STORM Partners. Contact Adrian Bono for interviews and quotes -adrian.bono@storm.partners or telegram @STORMPartners Contact Details STORM Partners Adrian Bono adrian.bono@storm.partners

January 12, 2024 11:27 AM Eastern Standard Time

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NAFA Collaborates with J. J. Keller® to Offer Exclusive DOT Training Courses for Members

NAFA Fleet Management Association

NAFA Fleet Management Association (NAFA) is thrilled to collaborate with J. J. Keller & Associates, Inc. to introduce a comprehensive training program exclusively tailored for NAFA members. This collaboration brings forth a specialized suite of DOT training courses designed to address safety, compliance and workforce requirements essential for organizations operating under DOT regulations. This training aims to equip NAFA members with effective safety training programs that ensure compliance with OSHA, DOT and HR requirements. These courses are strategically developed to enhance workplace safety, reduce accidents and injuries, mitigate workers’ comp costs, foster improved employee engagement and morale, and safeguard the reputation of organizations. “Our members' success is at the core of NAFA,” said Mike Camnetar, CAFM, NAFA Board President. “Teaming up with J. J. Keller® Training allows us to provide exclusive access to top-tier DOT training courses, enabling our members to thrive in their operations while prioritizing safety and compliance.” Exclusive Training Benefits for NAFA Members: Access to hundreds of online courses and video-on-demand training at a discounted rate Self-paced online courses tailored for individual learning Training materials for classroom settings suitable for team-based learning Spanish-language courses available for diverse learners For NAFA members, the discounted pricing for training courses is $19.00 per Self-Paced Training course and $50.00 per Video on Demand. Self-Paced Training Courses allow NAFA members to independently access and complete modules within a 90-day enrollment period, featuring quizzes for comprehension assessment. The Video on Demand Training is tailored for classroom settings and equips facilitators with comprehensive instructions, video content, quizzes and supplementary materials for group sessions, and is available within a 30-day access window. To learn more about this collaboration and the courses, visit: https://www.nafa.org/events/dot-training-courses/ NAFA Fleet Management Association is the membership organization for professionals who manage the mobility requirements of vehicle fleets that include commercial, public safety, trucks, and buses of all types and sizes, and a wide range of military and off-road equipment for corporations, governments, universities, utility fleets, and law enforcement in North America and across the globe. NAFA’s members are responsible for the specification, acquisition, maintenance, repair, fueling, risk management, and remarketing of more than 4.8 million vehicles that drive an estimated 84 billion miles each year. NAFA’s members control assets and services well above $122 billion each year. For more information, please visit www.nafa.org, and communicate with NAFA on LinkedIn, Facebook, and X. Contact Details Keaveny Hewitt +1 919-622-5276 khewitt@onwrdupwrd.com Company Website https://www.nafa.org/

January 11, 2024 11:00 AM Eastern Standard Time

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Defense Acquisition University (DAU) to Support NCMA Nexus 2024

National Contract Management Association

The National Contract Management Association (NCMA) is pleased to announce the collaboration with the Defense Acquisition University (DAU) for the inaugural Nexus 2024 conference, scheduled from March 3-6 in Jacksonville, FL. This strategic partnership is a significant milestone for NCMA as it reinforces the commitment to advancing the knowledge and skills of the defense acquisition workforce. Notably, participants in Nexus 2024 will benefit from transferable credits toward their certifications, making this collaboration with DAU particularly valuable for professionals seeking career development opportunities. Nexus 2024, offers a unique platform for cross-functional collaboration for both government and industry to address pressing issues in federal procurement, including supply chain risk, cybersecurity, and sustainability. The event encourages joint efforts in innovation, strategic discussions, case studies, hackathons, and real-world problem-solving, providing deployable solutions for attendees. The co-hosted event aligns seamlessly with the new Better Contracting Initiative (BCI), emphasizing that multi-functional groups come together to learn the acquisition lifecycle side by side, promoting a comprehensive understanding of each’s others perspective job functions along with federal procurement challenges. One of the emcees for Nexus 2024 is DAU’s Professor of Program Management, Julie Knechtel, expressed her excitement about the event, stating, "I am excited to be part of an event that brings together diverse perspectives and expertise in defense acquisition. It is a great opportunity to train as we work, leverage the expertise of multi-functional teams, and enhance the skills needed to tackle the evolving challenges in federal procurement collaboratively." NCMA's Chief Executive Officer, Kraig Conrad, commented on the natural fit between NCMA and DAU, saying, "The collaboration with DAU at Nexus 2024 exemplifies our shared commitment to advancing the knowledge and skills of the acquisition workforce. We are grateful for their support as together we drive better practices and better outcomes in acquisition and procurement.” Michelle Currier, NCMA's Chief Learning Officer, also shared her enthusiasm, stating, "The Nexus 2024 event underscores the importance of collaboration and continuous learning in federal procurement. DAU's support enhances the educational value of the event, aligning with the goals of not only NCMA, but the federal government overall." Nexus 2024 is open to all professionals involved in federal procurement, providing an ideal opportunity for integrated teams to learn and train together. For more information about Nexus 2024 and to register for the event, visit the NCMA website at http://www.ncmahq.org/nexus. The National Contract Management Association (NCMA) – www.ncmahq.org – stands as the premier contract management organization whose mission is to collaborate towards a globally recognized contract management profession that strengthens its nexus with related acquisition communities. Serving approximately 20,000 members in both the public and private sectors, NCMA propels the growth, advancement, and impact of practitioners through a steadfast commitment to serve through the open exchange of ideas in neutral forums. DAU is the acquisition learning, development and talent management organization for the Department of Defense with a mission to provide a global learning environment to develop qualified acquisition, requirements, and contingency professionals who deliver and sustain effective and affordable warfighting capabilities. Nearly 160,000 acquisition professionals across all military services and Department of Defense agencies have access to career-long learning and support from DAU faculty and staff. Contact Details Holly DeHesa +1 281-865-3296 dominick.belfiore@ncmahq.org Company Website https://www.ncmahq.org

January 11, 2024 05:05 AM Eastern Standard Time

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NAFA Unveils Cutting-Edge Education Session Lineup for 2024 Institute & Expo: Empowering Fleet Management for Tomorrow's Challenges

NAFA Fleet Management Association

NAFA Fleet Management Association (NAFA), the vehicle fleet industry’s largest membership association, today unveiled its education session line-up for NAFA’s 2024 Institute & Expo, the industry’s largest gathering of fleet and mobility professionals. This year’s conference will take place April 22-24 in San Antonio, TX. "We take great pride in introducing the robust educational sessions for this year’s 2024 Institute & Expo," stated Bill Schankel, CAE, NAFA CEO. "We invite all those in the industry to join us in San Antonio for an exceptional opportunity to acquire invaluable knowledge and strategic insights essential for the advancement of fleet operations. This event will allow all of our attendees the opportunity to support and further their expertise that will distinguish them within the industry." Over the course of three days, attendees can engage with immersive educational offerings designed to equip them with solutions for their everyday challenges and strategies for future fleet operations. Session tracks include: Emerging Technologies – This track immerses attendees in the forefront of fleet innovation, providing key insights to optimize fleets for the future. Sessions will cover: EV Planning EV Battery Charging Telematics and 5G Cyber and Physical Security Law Enforcement – This track is tailored to address the unique needs of law enforcement fleets, focusing on optimizing fleet operations, enhancing performance and ensuring reliability in the demanding environments where these vehicles operate. Sessions will cover: Electrification of Law Enforcement Fleets Preventative Maintenance Operations Management – This track delves into the core aspects of fleet administration and efficiency, offering insights into maximizing operational effectiveness, adapting to evolving facility needs, optimizing driver performance, ensuring compliance and fostering a resilient workforce. Sessions will cover: Fleet optimization Future-Proofing Fleet Facilities Driver Productivity and Retention Regulatory compliance Strategy – This track navigates the overarching frameworks crucial for fleet success, exploring innovative approaches to maximize efficiency, cost-effectiveness and sustainability while adapting to dynamic market landscapes and operational demands. Sessions will cover: Supply Chain Management Motorpool & Right-Sizing Grants, Incentives and Rebates Total Cost of Ownership Sustainability – This track encompasses pivotal aspects shaping the future of fleets, focusing on the transition to sustainable practices, partnerships for emission reduction, effective technician recruitment and strategies for long-term environmental impact mitigation within fleet operations. Session will cover: EV Transition Choosing the Right EV Charging Partner Alternative Fuel Management Joint Partnership in Decarbonization Finding and Retaining Qualified Technicians Additional tracks include DEIA, Legislative, Safety, Technicians and more. View the full list of education sessions for more information. Don't miss out on this opportunity to learn from industry leaders and experts – register today. Media registration is complimentary for credentialed journalists – register now. NAFA Fleet Management Association is the membership organization for professionals who manage the mobility requirements of vehicle fleets that include commercial, public safety, trucks, and buses of all types and sizes, and a wide range of military and off-road equipment for corporations, governments, universities, utility fleets, and law enforcement in North America and across the globe. NAFA’s members are responsible for the specification, acquisition, maintenance, repair, fueling, risk management, and remarketing of more than 4.8 million vehicles that drive an estimated 84 billion miles each year. NAFA’s members control assets and services well above $122 billion each year. For more information, please visit www.nafa.org, and communicate with NAFA on LinkedIn, Facebook, and X. Contact Details Keaveny Hewitt +1 919-622-5276 khewitt@onwrdupwrd.com Company Website https://www.nafa.org/

January 10, 2024 01:00 PM Eastern Standard Time

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Human-augmented AI data marketplace Ta-Da debuts on strategic MultiversX incubator xLaunchpad

STORM Partners

Ta-Da, the platform revolutionizing AI data annotation, announces its highly anticipated debut on xLaunchpad, MultiversX’s strategic incubator. This collaboration sets the stage for a groundbreaking advancement in the secure and ethical development of AI, harnessing the power of human-validated data. Founded on over seven years of expertise in AI, Ta-Da leverages the power of MultiversX blockchain technology to disrupt conventional data collection methods. With its focus on video, audio, and image verticals, Ta-Da introduces a hybrid model of data annotation that blends quality, cost-effectiveness, and scalability. Addressing major challenges in AI development, such as bias and high data-related costs, this approach has already proven its efficacy with over 2.5 million tasks completed during its public beta phase. “The future of AI is not just about algorithms but about the quality and diversity of data that trains these algorithms,” says William Simonin, CEO of Ta-Da. “ Our launch on xLaunchpad is a pivotal step in realizing our vision of creating more effective AI systems by harnessing the power of human insight and the robustness of blockchain technology. ” xLaunchpad is the strategic incubator and acceleration platform of the MultiversX blockchain ecosystem. It is renowned for backing the most ambitious and impactful technologies in the web3 space, enabling them to leverage MultiversX’s highly scalable and secure blockchain network, which processes over 30,000 transactions per second at negligible cost. “ Ta-Da’s innovative model for AI data annotation aligns perfectly with our mission to foster technological advancements that have a profound global impact, ” said Beniamin Mincu, CEO and founder of MultiversX. “ Their debut on xLaunchpad is a testament to our commitment to nurturing projects that tap into the massive opportunities that emerge from the convergence of blockchain and AI. ” The collaboration between Ta-Da and xLaunchpad signifies a transformative movement in AI and blockchain technology. It not only propels Ta-Da’s mission forward but also reinforces MultiversX’s position as a leader in supporting revolutionary tech initiatives. This partnership is set to redefine the landscape of AI development, making it more accessible, diverse, and efficient. The public launch event of Ta-Da on xLaunchpad is taking place on February 09, 2024. For more information and to be part of this transformative journey, visit https://xlaunchpad.com/tada About MultiversX MultiversX is a highly scalable, secure, and decentralized blockchain network built from first principles, to solve the two fundamental problems critical for widespread, global adoption: a transition from dialup to broadband, and a significant UX paradigm shift. Distributed by STORM Partners. Contact Adrian Bono for interviews and quotes -adrian.bono@storm.partners or telegram @STORMPartners Contact Details Dan Voicu +1 561-325-8757 dan.voicu@multiversx.com

January 10, 2024 09:12 AM Eastern Standard Time

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5Scape VR Announces its Presale Going Live Today!

Spark Metro PR

In the thrilling realm of virtual reality (VR), 5th Scape stands as the gateway to the next big thing. Utilizing cutting-edge technology, 5th Scape promises a significant transformation in the online VR games platform niche, redefining the essence of immersive 3D gaming experiences. 5SCAPE Crypto Coins represent the first coins in the cryptocurrency world to offer exclusive access to premium VR content and devices, enhancing gaming experiences. Serving as a gateway to unlock special in-game features, these coins foster a dynamic community and present substantial growth potential within the virtual reality ecosystem. If you're interested in futuristic investment opportunities, cryptocurrency competes strongly with traditional avenues, and 5 Scape offers a rewarding future-proof investment. Click here to visit the 5 Scape Presale site Presale Countdown: 8 Hours Until Launch Prepare for an extraordinary journey into the limitless possibilities of virtual worlds! The 5th Scape team is thrilled to announce the presale launch happening TODAY in just 8 hours. This presale event introduces the 5SCAPE Coin, a token unlocking exclusive access to premium VR content, elevating gaming experiences to unparalleled heights. Get ready for an extraordinary journey into the limitless possibilities of virtual worlds! The 5th Scape team is thrilled to announce the upcoming presale launch, set to kick off in just 8 hours. This presale event introduces the 5SCAPE Coin, a token that will unlock exclusive access to premium VR content, elevating your gaming experiences to unparalleled heights. Presale Launch Details: Date: 09th January 2024 Time: 11 PM UTC +4 Total Funding Goal: $15 Million Click here to visit the 5 Scape Presale site 5SCAPE Coin - Your Key to Unmatched Virtual Reality Adventures At the center of the 5th Scape ecosystem, 5SCAPE coins are not just a currency but your ticket to a world where imagination meets innovation. As the presale events commence, game enthusiasts have the opportunity to be among the first to acquire 5SCAPE tokens, offering entry to exciting 3D VR games, powerful VR headsets with HDR quality, and ergonomically designed gaming chairs for utmost comfort during missions. Presale Highlights: The current price of 5Scape token at launch is $0.00187 Throughout all presale rounds, the 5scape token price is expected to appreciate by 400%, reaching a total value of $0.01. As the first VR ecosystem in the Ethereum crypto world, the 5th Scape project anticipates a reliable future without significant market competition. Early birds/Early enrollees will gain an exclusive advantage to access VR games and devices. Enjoy substantial discounts on all digital products with 5Scape tokens. Rest assured about data safety and confidentiality, protected by decentralized blockchain technology. Join Us in Redefining Reality 5th Scape is not just a project; it's a mission to reshape the virtual reality landscape. With a vision to be the forefront innovator in the VR industry, 5th Scape invites visionary investors, long-term investors, game developers, and gaming enthusiasts to join this thrilling and adventurous journey. Be part of the future of virtual reality gaming with 5scape. Don't Miss this fantastic opportunity to invest in 5th Scape, where technology and imagination converge to create a virtual world like never before. About 5th Scape: 5th Scape is a cutting-edge online VR games platform poised to redefine immersive gaming experiences. With the 5SCAPE Coin, 5th Scape offers exclusive access to premium VR content, animations, educational content, movies, and much more, creating a dynamic community within the virtual reality landscape. Follow 5thScape on social media for the latest updates: Twitter: @5th_scape Telegram: @fifthScape Discord: @5thscape Join the conversation using #5thScapeVR Contact Details Spark Metro Sumit Kumar +1 302-597-6768 sales@sparkmetro.com

January 09, 2024 04:53 AM Eastern Standard Time

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Pilotless Cargo Aircraft Takes Flight Over San Francisco Bay

MarketJar

While driverless cars are becoming a familiar sight in the Bay Area, a Silicon Valley-based company is now pushing boundaries by introducing the concept of pilotless planes. In a groundbreaking event that unfolded over approximately 12 minutes, a Cessna 208B Caravan aircraft executed a takeoff, cruise, and landing just south of the San Francisco Bay Area without a single human on board. 1 The pilotless aircraft is the brainchild of Robert Rose, the co-founder and CEO of Reliable Robotics. Rose's background includes roles as Director of Flight Software at SpaceX and Senior Director of Autopilot at Tesla. Before establishing Reliable Robotics, he played a key role in developing flight software for SpaceX's Falcon 9 rocket and Dragon spacecraft, contributing to the first commercial mission to the International Space Station. 2 Several companies are innovating in autonomous and remote flight technology, aiming to enhance safety and efficiency in sectors from cargo transport to military applications. The Cessna Caravan, known for its 3,000-pound cargo capacity and ability to operate on short runways, is ideal for accessing remote areas. Reliable Robotics worked closely with Textron Aviation, the Cessna Caravan's creator, and global aviation services company ASL Aviation Holdings. According to Textron's Senior VP, Chris Hearne, Reliable’s successful flight of the pilotless Cessna 208 Caravan represents a milestone in bringing new technology to aviation. Another innovative company working on developing revolutionary new technology for aircraft with Textron Aviation is Surf Air Mobility Inc. (NYSE:SRFM), the largest commuter airline in the US based on scheduled departures. Unlike Reliable Robotics, which is focused on transporting cargo, Surf Air Mobility is retrofitting Cessna Grand Caravans with fully electric and hybrid-electric engines for passenger air travel. Surf Air Mobility Inc. (NYSE:SRFM) recently bolstered its financial position through the appointment of seasoned financial executive Oliver Reeves as CFO and additional access to capital via a $35.2 million mandatory convertible debenture with GEM Global Yield. Surf Air Mobility and Textron Aviation Forge Path for Electrified Future Through an exclusive relationship with Textron Aviation, the parent company of Cessna, Surf Air Mobility Inc. (NYSE:SRFM) is developing an electrified Cessna Grand Caravan EX. Deliveries of the first 20 Cessna Grand Caravan EX aircraft to Surf Air are anticipated to start in the first half of 2024. This collaboration is integral to Surf Air Mobility 's initiative to develop and certify electrified powertrains for the Cessna Grand Caravan EX. Surf Air Mobility has committed to acquiring up to 150 Cessna Grand Caravan EX aircraft, with an initial order for 100 aircraft and an option for an additional 50. These aircraft will undergo upgrades to incorporate Surf Air Mobility 's proprietary electric or hybrid-electric powertrain technology once certified. Through this exclusive arrangement, Surf Air Mobility aims to make electrified aircraft widely accessible, offering benefits such as lower costs and reduced emissions on a large scale. The company will also serve as the exclusive provider of specific battery electric and hybrid electric powertrain technology for the Cessna Grand Caravan to Textron Aviation. Surf Air Mobility envisions deploying both electric and hybrid-electric Cessna Grand Caravan aircraft across its network, connecting more regional airports with short-haul direct service. This initiative aligns with the goal of building a regional mass transport platform to sustainably link communities across the US. Adding Global Revenue Channels in 2024 Surf Air Mobility has already signed significant agreements to develop and deploy its electric powertrains to airlines across the globe. On January 4, the company announced a monumental supply agreement with Safarilink, an airline connecting domestic scheduled flights to destinations within Kenya and Tanzania, and Yellow Wings Air Services, a Kenyan air operator that serves over 500 airfields throughout the East Africa region. The deal will see Surf Air Mobility upgrade existing Cessna Grand Caravan aircraft in Africa with its proprietary electrified powertrain technology, marking a monumental milestone to expand its global footprint. Late last year, the company signed a similar agreement with Azul, the largest airline in Brazil, to electrify its existing fleet of 27 Cessna Caravans. Surf Air Mobility ’s first generation fully-electric powertrain technology is targeted to reduce direct operating costs by as much as 50% and eliminate 100% of direct carbon emissions. Expanding Commuter Air Service in the US Apart from its electrification plans, Surf Air Mobility Inc. (NYSE:SRFM) is also making significant strides in its effort to transform regional air travel in the United States. In December, the company announced a partnership with Purdue University to initiate a subsidized scheduled commuter air service between West Lafayette / Purdue University Airport (LAF) and Chicago O’Hare Airport (ORD), targeting an early Q2 2024 start date. This program, operated by Surf Air Mobility ’s subsidiary Southern Airways Express, aims to provide Purdue University’s community and West Lafayette residents with up to four daily flights, offering faster and easier access to the world through one of America's busiest airports. Funded by Purdue University, this initiative is a unique adaptation of the Essential Air Service (EAS) model, traditionally reliant on federal funding, demonstrating a novel approach to regional air mobility. Just weeks later, Surf Air Mobility announced a similar agreement with the Williamsport Municipal Airport Authority to launch subsidized scheduled air service between Williamsport Regional Airport (IPT) and Washington Dulles International Airport (IAD) from May 2024. This service aims to revitalize air travel in Williamsport, Pennsylvania, targeting ten weekly flights that connect the local community to major air networks. Funded through local grants and community donations, this program marks the first commercial flights at Williamsport in over two years and does not rely on federal subsidies. These initiatives underscore Surf Air Mobility ’s commitment to enhancing regional connectivity. As the largest commuter airline in the US by scheduled departures, with its subsidiaries Southern Airways and Mokulele Airlines, Surf Air Mobility is at the forefront of innovating regional air travel, leveraging underutilized airports and forming strategic partnerships to bridge communities with major air travel networks. Click on this link or read their corporate presentation to learn more about Surf Air Mobility Inc. (NYSE:SRFM). Footnotes: [1] https://www.forbes.com/sites/edgarsten/2023/12/06/historic-flight-of-pilotless-cargo-plane-revealed/?sh=1c4d9fca3946 [2] https://reliable.co/company Disclosure: 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies outlined 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, Surf Air Mobility Inc. Market Jar Media Inc. was paid $1,500 for the production and publishing of this article by Surf Air Mobility Inc.’s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.’s engagement by Surf Air Mobility Inc.’s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-srfm. 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. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. 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 Surf Air Mobility Inc.’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 Surf Air Mobility Inc.’s industry; (b) market opportunity; (c) Surf Air Mobility Inc.’s business plans and strategies; (d) services that Surf Air Mobility Inc. intends to offer; (e) Surf Air Mobility Inc.’s milestone projections and targets; (f) Surf Air Mobility Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Surf Air Mobility Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Surf Air Mobility Inc.’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 Surf Air Mobility Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Surf Air Mobility Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) Surf Air Mobility Inc.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) 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 Surf Air Mobility Inc. 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) Surf Air Mobility Inc.’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 Surf Air Mobility Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Surf Air Mobility Inc.’s business operations (e) Surf Air Mobility Inc. may be unable to implement its growth strategy; and (f) increased competition.Except as required by law, Surf Air Mobility Inc. 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 Surf Air Mobility Inc. 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 Surf Air Mobility Inc. 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 Surf Air Mobility Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Surf Air Mobility Inc. or such entities and are not necessarily indicative of future performance of Surf Air Mobility Inc. 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

January 08, 2024 11:50 AM Eastern Standard Time

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