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Wheeler Real Estate Investment Trust, Inc. Announces Expiration of Rights Offering

Wheeler Real Estate Investment Trust, Inc.

Wheeler Real Estate Investment Trust, Inc. (the “Company”) (NASDAQ: WHLR) today announced that its previously announced rights offering to stockholders (the “Rights Offering”) expired at 5:00 p.m., New York City time, on August 13, 2021. Pursuant to the Rights Offering, the Company distributed to holders of its common stock, as of 5:00 p.m. New York City time on June 1, 2021 (the “Record Date”), non-transferable subscription rights to purchase up to $30 million in aggregate principal amount of 7.00% senior subordinated convertible notes due 2031 (the “Notes”). Each holder of the Company’s common stock as of the Record Date received one right for each eight shares of the Company’s common stock owned, and each right entitled a holder to purchase $25.00 principal amount of Notes. The Rights Offering was made pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission. The Rights Offering was backstopped by Magnetar Structured Credit Fund, LP, Magnetar Longhorn Fund LP, Magnetar Lake Credit Fund LLC, Purpose Alternative Credit Fund – F LLC, Purposes Alternative Credit Fund – T LLC, and AY2 Capital LLC (each individually, a “Backstop Party” and, collectively, the “Backstop Parties”). $30 million in aggregate principal amount of Notes was issued in the Rights Offering. Of that amount, $6,264,025 in aggregate principal amount of Notes was issued pursuant to the basic subscription privilege; $21,543,500 in aggregate principal amount of Notes was issued pursuant to the over-subscription privilege; and $2,192,475 in aggregate principal amount of Notes will be issued to the Backstop Parties, collectively, pursuant to their backstop commitment. The Notes subscribed for in the Rights Offering are expected to be delivered through the clearing systems of the Depository Trust Company on or about August 19, 2021 and, once delivered, will be available for trading on The Nasdaq Stock Market under the symbol “WHLRL” (CUSIP Number 963025 804). This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any securities of the Company in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 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: www.whlr.us This press release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results or developments may differ materially from those in the forward-looking statements as a result of various factors. Contact Details Wheeler Real Estate Investment Trust Mary Jensen | Investor Relations +1 310-526-1707 mjensen@whlr.us

August 16, 2021 08:00 AM Eastern Daylight Time

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Copper Property CTL Pass Through Trust Schedules Live Conference Call

Copper Property CTL Pass Through Trust

Copper Property CTL Pass Through Trust (“the Trust”), announced today that it will be hosting a live conference call to discuss its Quarterly Report on Form 10-Q for the period ended June 30, 2021 (“Quarterly Report”), its Monthly Report for the period ended July 31, 2021 (“Monthly Report”) as well as the Trust’s sales progress and strategy. 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. The conference call will be held on Monday, August 16, 2021 at 1:00 pm Eastern Time and will include a Question and Answer (Q&A) session. Conference Call Details: 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: U.S. & Canada Toll Free: (877) 660-6853 / International: (201) 612-7415 Conference ID#: 13722483 Available August 16, 2021 (one hour after the end of the conference call) through September 16, 2021. 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. 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. https://www.ctltrust.net/ 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

August 12, 2021 05:09 PM Eastern Daylight Time

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VBox ATSC 3.0 TestBed

VBox Communications

FOR IMMEDIATE RELEASE: Jonathan Rind VBox Communications Ltd +972-9-9502821 Marketing@vboxcomm.com VBOX ATSC 3.0 Testbed New Enhanced Version of TV Gateway for NextGenTV Developers & System Integrators HERZLIYA, ISRAEL August 11 th 2021 – VBox Communications, a pioneering specialist in broadcast TV streaming, recording and digital datacasting, announced the availability of its new ATSC 3.0 Testbed – an enhanced version of the company’s original ATSC 3.0 Android TV Gateway product released earlier this year. The VBox ATSC 3.0 Testbed is designed for TV stations, broadcast engineers, video system integrators, digital app developers, and others in the emerging NextGenTV technology development ecosystem looking to test “real-world” ATSC 3.0 features and functionality. As US deployments of the ATSC 3.0 broadcast standard approach 50% market penetration later this summer – and more than 70% by the end of 2021 – a priority shift towards commercial productization and monetization of potential NextGenTV capabilities is quickly coming into focus. VBox’s ATSC 3.0 Testbed provides an ideal, ready-made toolkit for monitoring service performance and ascertaining technical viability for product field trials and market launches. The VBox ATSC 3.0 Testbed offers the ability to analyze both linear and “beyond-TV” ATSC 3.0 signal provision through features such as: ATSC 3.0 Signal Reception: Ensuring signals arrive as expected, via ROUTE and DASH protocols; Advanced Emergency Alerts Reception: Enabling AEA-standard weather and storm information as well as localized emergency messaging; Electronic Service Guide Reception and Visualization: Monitoring of broadcaster/3 rd -party programming information for accuracy and timeliness; SDK Provision and Testing Documentation: Enabling oversight of 3 rd -party application development, deployment and compliance testing. AEA Advanced Emergency Alerts example: As an official member of the Advanced Television Systems Committee VBox Communications is committed to implementing ATSC 3.0 VBox’s ATSC 3.0 Testbed offers a unique approach to addressing the advanced features and benefits of the new ATSC 3.0 standard in addition to the video and audio features enhancements it provides. ESG Electronic Service Guide in ATSC 3.0 example: About VBox Communications: VBox Communications ( https://vboxcomm.com/ ) is an expert in Digital TV, offering products that deliver live TV broadcasts (e.g., DVB-T/T2, DVB-C, DVB-S2, ISDB-T/ATSC) to IP combined with OTT video streaming services, for home and business use. VBox’s innovative, end-to-end firmware, software, and hardware solutions empower telcos, STB/streamer OEMs, and integrators to harness the benefits of converged live broadcast and IP- based TV – while helping grow revenues, streamlining communications and reducing costs. The company is also an active contributor and participant in the evolving 5G Broadcast standard, with planned products in the pipeline. For more details about the ATSC 3.0 Testbed, please contact us at: marketing@vboxcomm.com. More information about the VBox ATSC 3.0 TV Gateway can be found at: https://vboxcomm.com/landing/landing-atsc3/ About VBox: VBox Communications is an expert in digital TV and new media, combining Live TV broadcast to IP and OTT. Our solutions empower Telco's, STB/streamer OEMs and integrators to harness the benefits of converged live broadcast TV and OTT services. VBox enables outstanding viewing experience (watch, stream and record at home and on the go) encompassing Live TV broadcast with OTT, supporting a variety of worldwide TV Sources. Contact Details VBox Communications Jonathan Rind +972 9-950-2821 jonathanr@vboxcomm.com Company Website https://vboxcomm.com/

August 11, 2021 09:12 AM Eastern Daylight Time

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Purify Fuel’s nanO2 ESG Combustion Catalyst Provides Immediate Reduction of GHG Emissions Addressing “Code Red for Humanity” Declared by IPCC Report

Purify Fuel

In a report issued this week, the IPCC (Intergovernmental Panel on Climate Change) issued a “Code Red for Humanity” citing that impacts from human activity are exceeding the limits set in 2015 for temperature increases. “Global warming of 1.5°C and 2°C will be exceeded during the 21st century unless deep reductions in carbon dioxide (CO2) and other greenhouse gas emissions occur in the coming decades” cited the report. In a world looking for solutions, the report recognized that “from a physical science perspective, limiting human-induced global warming to a specific level requires limiting cumulative CO2 emissions, reaching at least net zero CO2 emissions, along with strong reductions in other greenhouse gas emissions.” It further stated “Our report shows that we need to be prepared for going into that level of warming in the coming decades. But we can avoid further levels of warming by acting on greenhouse gas emissions,” said report co-chair Valerie Masson-Delmotte, a climate scientist at France’s Laboratory of Climate and Environment Sciences at the University of Paris-Saclay. Calling for immediate action, the report stated, “It is unequivocal that the increase of CO2, methane (CH4) and nitrous oxide (N2O) in the atmosphere over the industrial era is the result of human 10 activities and that human influence is the principal driver of many changes observed across the 11 atmosphere, ocean, cryosphere and biosphere.” Propelled by this sense of urgency, major industrial companies are turning to Purify Fuel’s nanO2 tm family of Combustion Catalysts to provide an immediate reduction in greenhouse gases. “With the world’s focus on developing immediate fossil fuel alternatives, we cannot lose sight of the reality that the majority of industries are still dependent on heavy duty diesel fuel applications and searching for ways to reduce emissions” stated John Carroll, Chief Executive Officer of Purify Fuel. “We are pleased that the immediate benefits of our nanO2 ESG Catalyst to help diesel and biodiesel fuel burn cleaner is being embraced by these industries to reduce GHG levels immediately”. Purify Fuel has been identified as one of the world’s most innovative sustainable technology companies. Its nanO2 Combustion Catalysts provide a transitional solution that will help fight climate change until alternatives are invented. It successfully reduces CO2, methane and nitrous oxide, which together represent 98% of all greenhouse gases. The product has been extensively tested since the middle of last year and has been aggressively launched across multiple industries (rail, marine, oil and gas, and mining). Since 2018 it has treated 75MM gallons of diesel removing the equivalent emissions produced by more than 200,000 automobiles. Purify Fuel uses patented nanotechnology-based rare earth oxides to help large diesel operators save money and reduce emissions. Purify Fuel’s nanO2 ESG Catalyst® are custom blended to optimize diesel fuel, biodiesel and dual-fuel blends for marine, fracking, military, mining, power generation, and rail markets. The combustion catalysts increase energy harvested from each gram of fuel while reducing particulate matter emissions and soot created by incomplete combustion. Purify Fuel works directly with large consumers of diesel and biodiesel fuel to help them save money, increase power, and reduce emissions. Contact Details Purify Fuel Carleen Lyden Walker +1 203-260-0480 c.walker@purifyfuel.com

August 11, 2021 08:15 AM Eastern Daylight Time

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Cyvatar’s Craig Goodwin Named a Finalist for the Top 10 Cybersecurity Experts at the 2021 Black Unicorn Awards

Cyvatar

Cyvatar today announced the selection of a member of its senior executive team as a finalist for outstanding achievement at this year’s Cyber Defense Magazine Black Unicorn awards, announced during the 2021 Black Hat USA conference. Craig Goodwin, Cyvatar co-founder and chief product and strategy officer, was selected as a finalist for the Top 10 Cybersecurity Experts; he competed against the industry’s leading cybersecurity experts for this prestigious award. “We’re pleased to name Craig Goodwin as a finalist for the Top 10 Cybersecurity Experts among the elite group of information security professionals at the third annual Black Unicorn awards,” said judges Robert R. Ackerman Jr., David DeWalt, Dr. Peter Stephenson, and Gary Miliefsky. “This year’s competition was fierce, and he should be proud of his achievement.” Craig was selected from security practitioners around the world that vied for top honors. He is a battle-tested CISO who has built a successful career delivering transformative IT and security programs by combining holistic security, IT, and business leadership expertise to produce extraordinary results. Craig’s innovation brings the membership economy to cybersecurity with Cyvatar’s CSaaS platform, which is rapidly becoming the de facto operating system for today’s security programs. “At a time when so many companies struggle to find top security resources, we’re blessed to have an exceptional talent like Craig leading company strategy,” said Corey White, Cyvatar co-founder and chief executive. “Because we offer cybersecurity as a service, people are the lifeblood of our organization. The work Craig and his team have done to bring the award-winning Cyvatar platform to customers enables us to deliver fast, affordable, fully managed security programs to any size business at prices that don’t break the bank. His achievement means no customer has to go without the very best cybersecurity available today.” Only Cyvatar offers subscription-based CSaaS designed to provide outcomes, continuous remediation, ongoing solution maintenance, and the ability for all of its customers to execute their security strategies at speed and scale. Find out how CSaaS can work for your business at cyvatar.ai. About Cyber Defense Awards This is Cyber Defense Magazine’s 9th year of honoring cybersecurity innovators, in this case the Black Unicorn Awards for 2021 on our Cyber Defense Awards platform. In this competition, judges for these prestigious awards includes cybersecurity industry veterans, trailblazers and market makers Gary Miliefsky of CDMG, Dr. Peter Stephenson of CDMG, Robert R. Ackerman Jr. of Allegis Cyber and David DeWalt of NightDragon with much appreciation to emeritus judge Robert Herjavec of Herjavec Group. To see the complete list of finalists for the Black Unicorn Awards for 2021 please visit https://cyberdefenseawards.com/black-unicorn-awards-finalists-2021/ About Cyvatar Cyvatar is committed to making cybersecurity effortless for everyone. As the industry’s first subscription-based, cybersecurity-as-a-service (CSaaS) company, it’s our mission to transform the way the security industry builds, sells, and supports cyber solutions. We empower our members to achieve successful outcomes by providing expert advisors, proven technologies, and a strategic process roadmap to guarantee results that map to their business drivers. Our approach is rooted in proprietary ICARM (installation, configuration, assessment, remediation, maintenance) methodology that delivers smarter, measurable security solutions for superior compliance and cyber-attack protection faster and more efficiently, all at a fixed monthly price. And because we’re a subscription, members can cancel anytime. Cyvatar is headquartered in Irvine, California with locations around the world. Begin your journey to security confidence at https://cyvatar.ai/ and follow us on LinkedIn and Twitter. Contact Details Cyvatar KC Higgins +1 303-434-8163 kc@cyvatar.ai Company Website https://cyvatar.ai/

August 11, 2021 07:00 AM Eastern Daylight Time

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Palm Communities Unveils 50-Unit Affordable Housing Community

Palm Communities

Palm Communities announces the grand opening of Cedar Glen II, an affordable housing community in Riverside, California, that will assist rent-burdened families and provide permanent supportive housing for special needs individuals. Palm’s affordable housing community supports Riverside County’s Housing First goals as an approach to successfully connect people experiencing homelessness to services and permanent housing. “Preserving and increasing the quality of life for Riverside residents is one of my top priorities,” said Jim Perry Riverside City Council, Ward 6. “Strong public and private partnerships to provide affordable housing and services are imperative to reduce and prevent homelessness in the community. Permanent supportive housing options like Cedar Glen II is one way the city is investing in long-term infrastructure to support, improve and enrich the economic and social opportunities for Riverside residents.” Cedar Glen II is the second phase of a broader affordable development community. It is the fifth community in which Palm Communities and Riverside County have partnered to provide permanent supportive housing in the area. Additionally, this is the first community in Western Riverside County to utilize “No Place Like Home” funds from the State of California, specifically targeting individuals and families who have been homeless. “Restoring private-sector jobs, improving local infrastructure, and investing in affordable housing are ideal opportunities to increase economic development in Riverside,” said Kevin Jeffries, Riverside County Board of Supervisors, 1st District. “It is essential that quality permanent supportive housing opportunities are built to keep the positive trajectory of growth for our neighborhoods, businesses and families.” Located at 9830 County Farm Road, the community offers one- and three-bedroom apartments. The service-enriched community includes a clubhouse, kitchen, free computer lab, tot-lot, basketball/futsal court, and a walking circuit with exercise equipment. Additionally, residents will have access to on-site case management and connectivity to other services in the community. “California is experiencing an extreme shortage of nearly one million affordable rental housing units for low-income renters. Riverside is ramping up its efforts to meet this demand, and we are thankful to the Riverside City Council and the County Board of Supervisors for supporting the development of Cedar Glen,” said Dan Horn, President, Palm Communities. “Affordable housing is making a clear difference in the lives of our residents and improving the communities in which we build.” Palm has been developing tax credit communities in Riverside County for nearly 40 years and has partnered with the county since 2010 to provide permanent supportive housing. Palm was also the first affordable housing developer to leverage the county’s Mental Health Services Act (MHSA) funds. Cedar Glen II is leased up and will be fully occupied by August 2021. For more information about our properties and availability, please visit Our Communities! About Palm Communities Palm Communitie s is an affordable housing developer in California specializing in housing for families, seniors, and those with special needs. For over 41 years, and with nearly 2,000 multi-family units, Palm Communities builds and maintains strong collaborative relationships with public agency partners, business partners, lenders, and non-profits. Palm focuses on quality for generations and believes that affordable housing is one first step to provide residents with the best opportunity to improve their life outcomes. Contact Details Palm Communities Lauren Horn +1 760-285-4230 Lhorn@palmcommunities.com Company Website https://www.palmcommunities.com

August 10, 2021 11:15 AM Pacific Daylight Time

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Copper Property CTL Pass Through Trust Issues Monthly Reporting Package for July 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 July 31, 2021. An aggregate net operations distribution of $0.091163, as well as an aggregate net sales proceeds distribution of $0.420589 per trust certificate (CUSIP #217519107) will be paid on August 10, 2021, to certificateholders of record as of August 9, 2021. Additional information can be obtained on the Monthly Distribution Statement, which can be found on the Trust’s website at https://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 https://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

August 09, 2021 05:57 PM Eastern Daylight Time

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WHEELER REAL ESTATE INVESTMENT TRUST, INC. ANNOUNCES THE RELEASE OF ITS SECOND 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 six months ended June 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 six months ended June 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

August 05, 2021 04:15 PM Eastern Daylight Time

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As wildfires rage across the Western U.S., a New Zesty.ai Survey Finds Majority of Residents Don’t Know if They Live in a High-Risk Area

Zesty.ai

Zesty.ai, a leader in property risk analytics powered by artificial intelligence (AI), today released the results of a new survey exploring how prepared residents of Western states are for wildfire season. They polled residents of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Utah, and Washington, and found that the majority of all respondents (55%) don’t know if they live in a high-risk area, despite 87% saying they are either concerned or very concerned about this year’s wildfire season. While 89% of all respondents said they believe mitigation efforts like clearing vegetation and installing screens on windows to keep embers out can make a real impact in protecting property from wildfires, only two-thirds (66%) are reporting that they are taking steps on these efforts. For those that are, over a quarter (27%) take action all-year round. “It’s encouraging that the vast majority of residents in the Western states understand the impact of mitigation efforts, but it’s important that the number of homeowners actually taking action increase in order to maximize protection of properties and communities in these regions,” said Attila Toth, CEO of Zesty.ai. “We know mitigation efforts can have a profound impact with regards to protecting homes and communities, as evidenced by the findings of a recent study we conducted with the Insurance Institute for Business and Home Safety (IBHS). We studied more than 71,000 properties involved in wildfires between 2016 and 2019 and found property owners who clear vegetation from the perimeter of their home or building can double their structure’s likelihood of surviving a wildfire.” Zesty.ai’s Z-FIRE™ is an AI model trained on more than 1,400 wildfire events across more than 20 years of historical loss data. It considers property-level features that influence risk, such as topography, historical climate data, and critically, factors extracted from high-resolution imagery like, building materials and surrounding vegetation in multiple defensible spaces. This empowers insurers with a much more precise risk score to inform underwriting and rating while recognizing mitigation efforts by homeowners and their respective communities. In terms of communicating the benefits of mitigation efforts, 51% of survey respondents said the best way to get that information would be through a letter from local fire officials, followed by 40% who think it’d be best to get this information when renewing or applying for homeowners insurance, and 9% who would like to get this information from a real estate website like Zillow. Despite the fact that 40% of respondents would like to get this information through their insurance provider, 58% have never spoken to their carrier about wildfire risk. Additional key findings from the survey include: 87% of all respondents are confident or very confident in their local fire departments to contain and manage fire-related emergencies Despite wildfires starting earlier and the extreme drought impacting the Western U.S., 35% of all respondents think this year’s wildfire season will be about the same as last year Oregonians are most proactive in protecting their property, with 73% of Oregon respondents saying they are making mitigation efforts compared to 66% of all respondents Californians are most proactive when it comes to discussing wildfire risk with their insurance provider, with 39% of California respondents saying they’ve had that discussion compared to 34% of all respondents 36% of all respondents believe mitigation efforts by homeowners is the most important factor for saving properties during wildfire season For more information on Zesty.ai and its wildfire risk model, Z-FIRE™, please visit https://www.zesty.ai/wildfire-risk. About Zesty.ai Zesty.ai offers access to precise intelligence about every property in North America for insurance and real estate customers. The company uses aerial imagery, building permit, transaction and weather data, combined with artificial intelligence (AI) to turn more than 200 billion data points into comprehensive digital records. Zesty.ai provides a constantly updated database of property information that impacts a property’s value and associated risks and also accounts for the potential impact of catastrophic events like wildfires, hail storms and floods by combining its vast property knowledge and predictive AI models into property-specific risk scores. In an increasingly digital world, Zesty.ai brings properties into a new digital age that enables real time transactions and powerful predictive analytics. Visit https://zesty.ai for more information. Contact Details Abby Schiller +1 216-870-1835 abby@clarity.pr

August 05, 2021 08:00 AM Pacific Daylight Time

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