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4 Stocks To Watch In The $1.8 Trillion Race To Net Zero

VVPR, LI, SOL, FREY

Cutting down emissions to net zero is one of the world’s most ambitious goals, thanks to the Paris climate agreement. That goal is being taken so seriously that BloombergNEF recently reported that the amount invested in the green energy transition will reach a staggering $1.8 trillion in 2023. But for the world to achieve net zero status, shifting our transportation’s reliance from internal combustion engines to electrical vehicles will have to be accelerated. Last year, global sales of EVs, including BEVs, PHEVs (Plug-in Hybrid Electric Vehicles), and FCVs (Fuel Cell Vehicles), reached 13 million units in 2023, representing a 29.8% growth compared to 2022. At the same time, the world put $634 billion toward electric vehicles and charging technology in 2023, or 85% of its total investment in clean technologies that consume energy, according to BloombergNEF, which drew more spending than renewables for the first time. Over the past couple of months, the electric vehicle (EV) sector has been going through turbulent times against the backdrop of macroeconomic headwinds and intense competition. This has caused the markets to overreact to the downside, creating opportunities for buying EV stocks at a valuation gap. In our view, even the slightest of positives could translate into a significant rally from oversold levels for EV stocks. And it's not only pure EV makers that will benefit from this trend but also the picks and shovels of the industry, like battery makers. Here are four stocks to add to your watchlist. VivoPower International (NASDAQ:VVPR) is a sustainable energy solutions company that has recently been making headlines in the EV space. Through its subsidiary Tembo e-LV, vivopower develops and distributes conversion kits with all the parts required to convert a vehicle from an internal combustion engine to an EV. These include the motors, batteries, transmission, charger, software, and the rest of the components that make the converted vehicle work. Tembo’s value proposition here is that users will incur lower maintenance and operational costs, less downtime, and won’t have the need for expensive fuel infrastructure. This unique approach to electrifying vehicles has shown massive potential since it's much more cost-effective than outright buying a new one. To better illustrate this, VivoPower International (NASDAQ:VVPR) recently secured an order commitment of more than 5000 kits (1,000 for Jordan and 4,000 for Kenya) and an order pipeline of another 10,000+ kits. What’s most exciting about these orders is that they could be just the tip of the iceberg. Jordan offers the perfect entry point to the Middle East EV market, which experts project will grow at a CAGR of about 28.9% till 2030. The Middle East is also the world’s largest landcruiser market, which is perfectly suited for Tembo's conversion kits. On the other hand, Kenya provides vivopower with the means to establish a foothold in the second-hand vehicle conversion market, which some estimate has a value of about $2 billion. Although VivoPower International's (NASDAQ:VVPR) entry into the EV market has already rewarded a number of early shareholders with triple-digit returns, the stock appears to still have room for further upside based on a number of catalysts. For starters, the company recently announced that Tembo would go public via a merger with Cactus Acquisition Corp. 1 Limited (CCTS), a NASDAQ-listed SPAC, and change its name to Tembo Group. According to the details of the transaction, CCTS will issue 83.8 million shares at $10 per CCTS share in exchange for Tembo shares, which implies a valuation of $838 million. In addition to that, a bonus of 16.76 million Tembo Dividend Shares will be distributed to VivoPower shareholders, who will receive 5 Tembo Group shares for each VivoPower share held. Assuming a conservative IPO price of just $1 per Tembo share instead of $10, it would mean that VivoPower International (NASDAQ:VVPR) shares are worth at least $28 each. While that potential upside may appear too good to be true, it is further supported by the fact that Vivopower received a direct investment of $5 million into Tembo at a pre-money valuation of $120 million from a private investment office of a member of the ruling Al Maktoum family of Dubai. For context, Vivopower currently has a market cap of just $12 million. That investment not only reaffirms investor interest in the Middle East and Africa’s EV market but also in vivopower’s long-term growth prospects. Furthermore, the company recently announced that executive chairman and CEO Kevin Chin increased his individual shareholding in the company by 146,084 shares (about 4.4% of the outstanding shares) to increase his shareholding to 12.3%. Going forward, VivoPower International (NASDAQ:VVPR) will build on its initial success in the Middle East and Africa to continue its Asia expansion after signing a definitive joint venture agreement with Francisco Motor Corporation to develop and supply electric utility vehicle electrification kits for a new generation of electric jeepneys (e-jeepneys) in the Philippines. Li Auto (NASDAQ:LI) designs, develops, manufactures, and sells premium smart electric vehicles. The China-based EV maker has clearly been the strongest performer recently in the lackluster EV space. Li Auto remains by far the fastest-growing, well-established EV maker out there. The company recently launched the Li L6, a five-seat premium family SUV that will offer Pro and Max trims in spite of the recent weakness in the market, signaling that the long-term fundamentals still remain strong. In the meantime, however, Li Auto has resorted to price cuts to deal with the softening demand. The car maker announced price cuts for four out of the five models it produces. We're talking about roughly 5% of the existing sale price, or about $4,100 off of what it's selling for right now. The price cuts came as new data showed that, for the first time, China sold more electric and hybrid cars than internal-combustion vehicles. Retail sales of new-energy cars, which include EVs and plug-in hybrids, made up 50.4% of all passenger-vehicle sales in the first two weeks of April, according to data from the China Passenger Car Association. Li recently reported full-year 2023 earnings, where revenue grew an impressive 173.5% year-over-year to reach $17.2 billion. The company is projected to deliver 57% top-line growth in 2024, with consensus estimates calling for $27 billion in sales this year. Citigroup maintains a buy rating on Li Auto stock with a $43.60 price target. Emeren Group Ltd. (NYSE:SOL) is a renewable energy leader with a comprehensive portfolio of solar projects and independent power producer (IPP) assets, complemented by a significant global battery energy storage system (BESS) capacity. The company recently announced a number of milestones, including that it had signed a co-development agreement for 199 MW (up to 1.59 GWh of capacity) of battery storage projects in two regions of southern Italy with Nuveen Infrastructure, one of the world's largest fund managers investing in clean energy. This agreement marks the final stage in the portfolio collaboration between Emeren and Nuveen, achieving a total power capacity of 354 MWp (up to 2.83 GWh). SOL also announced that it had set up a 703 megawatt BESS project portfolio in Italy for Matrix Renewables under the Development Service Agreement, or DSA, which, combined with the previous sale of the 260 megawatt in Q2, amounted to a total of 963 megawatts of BESS projects. This marked a substantial advance towards the agreed portfolio target of 1.5 gigawatts in the DSA partnership with Matrix. The company also announced the expansion of its energy storage portfolio in China by acquiring a 10.8 megawatt-hour energy storage portfolio comprising six energy storage power stations. According to its most recent filings, SOL closed FY 2023 with $104.7 million in revenue, a 22.2% gross margin, and a $9.3 million net loss. These results were below our full-year guidance, primarily due to the delays in closing the sales of six projects in the US and Europe. FREYR Battery, Inc. (NYSE:FREY) develops clean, next-generation battery cell production capacity with a focus on the primary markets of energy storage systems ("ESS") and commercial mobility. Last month, FREYR’s team at its Customer Qualification Plant ("CQP") reached a key milestone by producing automatically casted electrodes with active electrolyte slurry in a dry room environment, and the company expects to make functional battery cells for customer samples using full automation of CQP in H1 2024. A key distinction between FREY’s production platform and conventional lithium-ion battery manufacturing technology is the order in which electrolyte is introduced to the process. In the 24M process, electrolyte is added at the start of cell processing, which eliminates the costly and energy-intensive step of solvent recovery by drying the electrodes. That milestone follows another key achievement by the company, which announced that the U.S. Department of Energy (DOE) had invited the company to submit the Part II loan application under the DOE Title 17 program for FREYR’s Giga America project. "The Part II DOE loan application invitation is an important next step in FREYR’s journey to fund our Giga America project," commented Birger Steen, FREYR’s Chief Executive Officer. "With our redomiciliation to the U.S. now approved by our shareholders, FREYR is uniquely positioned to establish the Company as the U.S.-based industrialization partner of choice for clean battery technology solutions.” The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, or assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or due to the speculative nature of the companies profiled. Capital Gains Report (CGR) owned by RazorPitch Inc. is responsible for the production and distribution of this content. CGR is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. CGR has been retained by VivoPower International PLC. to produce and distribute content related to VVPR. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website https://capitalgainsreport.com. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. CGR is not a fiduciary by virtue of any persons use of or access to this content. Contact Details Mark McKelvie +1 585-301-7700 Company Website http://razorpitch.com

April 25, 2024 05:00 AM Eastern Daylight Time

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NAFA Names the 2024 100 Best Fleets in the Americas at its Annual Institute & Expo

NAFA Fleet Management Association

NAFA Fleet Management Association (NAFA), the vehicle fleet industry’s largest membership association, today announced the 100 Best Fleets in the Americas for 2024. NAFA’s 100 Best Fleets in the Americas program recognizes peak-performing public and commercial fleet operations, as well as the Fleet Professional and Fleet Technician of the Year. The winners were announced this morning during NAFA’s annual Institute & Expo (I&E) in San Antonio. This contest aims to cultivate industry pride, enhance visibility within the fleet community, improve productivity and operational efficiency, and inspire individuals to pursue careers in fleet operations. Originally conceived by the late fleet industry advocate Tom Johnson, this contest is now in its 25th year running. “The 100 Best Fleets contest plays such an integral role in the NAFA community,” says Mike Camnetar, CAFM, NAFA Board President. “These awards showcase the outstanding achievements and leadership within our industry. We commend these fleets and individuals for their dedication to excellence and innovation, and we look forward to seeing what they accomplish in 2024.” The 2024 winners for each of the following categories: Best Public Fleet: Dakota County Fleet Management, MN Best Commercial Fleet: Essential Utilities Fleet Professional of the Year Award: Kenny Stimson, Carvana Fleet Technician of the Year Award: Curtis Mullins, City of Round Rock, TX The full list of the 2024 100 Best Fleets in the Americas can be found here https://www.nafa.org/100-best-fleets-2024/. The 100 Best Fleets Program Sponsors include Agile Fleet Management Solutions, AssetWorks, Fleet Worthy Solutions/Bestpass, Fuel Force, Geotab, Pure Forge Brakes, the NC Clean Energy Technology Center, RTA, Samsara and Toyota Fleet. NAFA is excited to host a 100 Best Webinar Series and Regional Roundtable events throughout 2024. Webinar attendees will have the opportunity to learn from the 100 Best fleet winners and leaders, discover the top five success trends for 2024 and understand what actions these top fleets have taken to become a 100 Best fleet. Attendees will walk away with initiatives and action steps they can immediately implement within their fleet. To register for this webinar series, visit: https://www.nafa.org/events/100-best-fleets-webinars/ To learn more about NAFA, visit: https://www.nafa.org/ 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/

April 24, 2024 12:44 PM Eastern Daylight Time

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Ilika chief executive Graeme Purdy discusses 2024 revenue growth and strategic milestones

Ilika PLC

Ilika PLC (AIM:IKA, OTCQX:ILIKF) chief executive Graeme Purdy discusses a trading update and the latest company milestones with Proactive's Stephen Gunnion. Purdy highlighted that Ilika's financial performance for the year ending in April is expected to be in line with projections, noting a significant revenue increase from £0.8 million the previous year to approximately £2 million. This growth is largely attributed to grant support for their Goliath development programme. He provided an update on the Goliath batteries, mentioning that they had reached a milestone in late 2023, which allowed them to start producing P1 prototypes for external evaluation. These prototypes are currently being tested, with results expected to be shared with partners soon. Additionally, Purdy touched on achieving lithium ion parity with their Goliath batteries, marking a significant technological advancement. He also discussed the progress with their Stereax product following a tech transfer and licence agreement with Cirtec in the USA, which is moving forward with the initial production line installed and operational. Purdy said investors can participate in a Q&A session with Ilika on 26 April at 11am BST on the Investor Meet Company (IMC) platform by registering here: https://www.investormeetcompany.com/ilika-plc/register-investor Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 24, 2024 10:54 AM Eastern Daylight Time

Video
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Shareholder to Return to Berkshire Hathaway Annual Meeting One Year After Arrest in Omaha

NLPC

As the annual meeting for Berkshire Hathaway Inc. on May 4 in Omaha approaches, National Legal and Policy Center Chairman Peter Flaherty plans a return to the same stage where last year, while presenting NLPC’s shareholder proposal, Warren Buffett cut off his speech and Flaherty was arrested. Trumped-up charges against Flaherty were later dropped. NLPC has another proposal on Berkshire’s 2024 proxy statement and Flaherty is scheduled to speak on the measure for his allotted five minutes. The nonprofit corporate watchdog released a short video that briefly recounts last year’s incident and points out Mr. Buffett’s contradictory positions on how he manages shareholder meetings. The video may be found on NLPC’s website: https://nlpc.org/corporate-integrity-project/video-nlpc-returns-to-berkshire-hathaway-annual-meeting-one-year-after-chairmans-arrest/ The video highlights a past statement Mr. Buffett made to CNBC. Responding to an interviewer’s question about Berkshire allowing investors who attend the popular annual meeting to ask any question they want, Mr. Buffett responded, “We’ve got a partnership feeling toward the people who have given us their money, and we don’t screen ‘em, and they can ask whatever’s on their mind.” However, last year Mr. Buffett made an exception to that principle when Peter Flaherty – during his official remarks presenting NLPC’s shareholder proposal, which was on the meeting agenda – brought up Mr. Buffett’s relationship with billionaire Bill Gates, their shared philanthropic efforts, and Mr. Gates’s troubling relationship with deceased pedophile Jeffrey Epstein. At that point, Flaherty’s microphone was silenced, and security and Omaha law enforcement forcibly walked him out of the arena and to a local police precinct, where he was arrested, booked, fingerprinted and held for about three hours. As NLPC argued last year in a report to the Securities and Exchange Commission, Berkshire’s identity is inextricably linked with Mr. Buffett’s. As such, his philanthropic activities and personal associations are fair targets for criticism, unlike those of nearly any other corporate Chairman/CEO. NLPC also filed a complaint with the SEC late last year over Berkshire’s inappropriate treatment of Flaherty at the meeting. “Warren Buffett boasts that shareholders can ask questions on any topic they desire, but I guess that doesn’t include questions about Bill Gates or Jeffrey Epstein,” Flaherty said. This year’s shareholder proposal addresses concerns about Berkshire’s risk vulnerabilities over the amount its sales and supply chain depend on China. Subsidiaries such as Duracell and Fruit of the Loom, and significant investments such as Apple and Coca-Cola, substantially depend on access to the communist nation. NLPC also filed a proxy memo with the SEC in support of this year’s proposal. The video released by NLPC concludes by wondering if Mr. Buffett will keep his word, and let all Berkshire investors say “whatever is on their mind.” For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. Founded in 1991, the National Legal and Policy Center promotes ethics in public life through research, investigation, education and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

April 24, 2024 09:00 AM Eastern Daylight Time

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NAFA's 2024 Institute & Expo General Session Delivers Insights and Strategies for Fleet Management's Future

NAFA Fleet Management Association

Today NAFA Fleet Management Association (NAFA) held the highly anticipated General Session at its 2024 Institute & Expo (I&E) in San Antonio, featuring a dynamic panel with esteemed OEM leaders and a compelling industry update with Ted Cannis, CEO of Ford Pro. "Today’s General Session at I&E provided attendees with unparalleled insights and strategies to navigate the ever-evolving landscape of fleet management," said Bill Schankel, CAE, CEO of NAFA. "From Ted Cannis’ enlightening industry update to the engaging discussions during the OEM Panel, our attendees gained invaluable perspectives to drive innovation and success in their respective fields." In his keynote address titled "Ford Pro – Our Learnings: Grow Productivity, Reduce Risk," Ted Cannis provided attendees with critical insights into the future of fleet management. As the CEO of Ford Pro, Cannis leads a global team dedicated to delivering comprehensive solutions to government and commercial customers, focusing on accelerating productivity, improving uptime and lowering operating costs through connected services and work-ready gas and electric vehicles. Following Cannis’ address, NAFA hosted a dynamic OEM Panel Discussion. Distinguished leaders from Toyota, Stellantis, GM Envolve and Ford Pro engaged in a robust discussion about the automotive industry's next phase of evolution and its profound implications for every driver, fleet and road. Panelists included Tom DeLuise from Toyota, Eric Swanson from Stellantis, Robert Wheeler from GM Envolve, and Greg Wood from Ford Pro. Attendees left today’s General Session feeling empowered, inspired and ready to take on the fleet industry. This session, and the entire I&E schedule, highlight NAFA’s commitment to delivering exceptional educational content and networking opportunities for fleet professionals worldwide. For more information about NAFA and its upcoming events, please visit www.nafa.org 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/

April 23, 2024 11:30 AM Eastern Daylight Time

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Wolfram and Classiq Integrate Advanced Quantum Software Tools into Mathematica

Classiq Technologies

In a landmark collaboration, Classiq, a leader in quantum computing software, and Wolfram Research, the leading computational software provider, announce a software partnership. This collaboration integrates Classiq’s cutting-edge engine within Wolfram Mathematica, offering a unified solution for the development of quantum and classical algorithms. This integration is targeted at enabling users to leverage the robust capabilities of Wolfram Mathematica for algorithm development and utilize Classiq’s Quantum Model (QMOD) language for quantum algorithm development—all within a single, cohesive environment. This blend of technologies empowers users to define, visualize and optimize quantum algorithms with unprecedented ease and efficiency. Key features of this collaboration are the facilitation of Classiq’s quantum algorithm compilation tailored to specific quantum hardware and ability to intricately develop quantum circuits from a high-level overview down to detailed gate operations. The integration further allows for the execution of these quantum circuits across a diverse array of backends and simulators, directly within the Mathematica notebook. This integration supports researchers by enhancing analytical capabilities, enabling continuous exploration and data assessment. As an example of the potential of this collaboration, the Quantum Differential Equations solver exemplifies how users will be able to tackle complex challenges by defining and executing quantum algorithms like the Harrow–Hassidim–Lloyd (HHL) algorithm and Quantum Singular Value Transformation (QSVT) for matrix inversion, directly from the Mathematica interface. This application highlights the power of combining classical computational methods with quantum processing to solve complex computational problems more efficiently. “The partnership between Classiq Technologies and Wolfram Research reflects a shared commitment to advancing computational excellence,” said Nir Minerbi, CEO of Classiq. “This collaboration not only enhances the toolset available for researchers and developers, we hope to see it pave the way for groundbreaking applications across various scientific and engineering disciplines.” "In the pursuit of applying quantum technologies to address real-world challenges, robust collaboration among industry leaders is paramount. We are delighted to unveil our strategic partnership with Classiq," remarked Mads Bahrami, quantum projects manager at Wolfram. "This partnership underscores the dedication of both entities towards crafting toolsets that empower governments, industries, and academia to tackle complex problems through quantum-classical algorithms." The companies invite those seeking to combine the best of quantum and classical computation to reach out and explore the possibilities this computation integration brings. About Wolfram Founded by Stephen Wolfram in 1987, Wolfram Research is one of the world's most respected computer, web and cloud software companies - as well as a powerhouse of scientific and technical innovation. As a pioneer in computation and computational knowledge, Wolfram has pursued a long-term vision to develop the science, technology and tools to make computation an ever-more-potent force in today's and tomorrow's world. As the creators of Mathematica, Wolfram|Alpha, the Wolfram Language, and Wolfram Quantum Framework, Wolfram is the leader in developing technology and tools that inject sophisticated computation and knowledge into everything. Wolfram's strategy as an organization is to maintain a portfolio of development, from continually strengthening core algorithms and the Wolfram Knowledgebase, to supporting the latest computing and deployment architectures, to developing major new concepts and capabilities - and consistently delivering the results in the form of products, services and experimental initiatives that make breakthrough technology accessible to the broadest possible spectrum of people and organizations. Learn more at: https://wolfr.am/QuantumConsulting https://www.wolfram.com/quantum-computation-framework/ Follow Wolfram on LinkedIn, X, and YouTube. Contact Wolfram quantum team: quantum@wolfram.com Contact Wolfram PR team: outreach@wolfram.com About Classiq Classiq Technologies, the leading quantum software company, provides an all-encompassing platform (IDE, compiler and OS) with a single point of entry into quantum computing, taking you from algorithm design to execution. The high-level descriptive quantum software development environment, tailored to all levels of developer proficiency, automates quantum programming. This ensures that a broad range of talents, including those with backgrounds in AI, ML and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of quantum physics. Classiq democratizes access to quantum computing and equips its users to take full advantage of the quantum computing revolution, including access to a broad range of quantum hardware. Classiq's core technology - algorithmic quantum circuit compilation - is engineered to power the quantum ecosystem of today and the future. Classiq works closely with quantum cloud providers and advanced computation hardware developers providing software for use with quantum computers, HPC and quantum simulators. Backed by investors such as HPE, HSBC, Samsung, Intesa Sanpaolo and NTT, Classiq's world-class team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking quantum engine. Follow Classiq on LinkedIn, X (formerly Twitter) or YouTube, and visit the Slack community and website, www.classiq.io to learn more. Contact Details Rainier Communications Michelle McMahon +1 781-718-3248 classiqPR@rainierco.com Company Website http://www.classiq.io/

April 23, 2024 08:00 AM Eastern Daylight Time

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NAFA's 2024 I&E Media Day Unveils Cutting-Edge Fleet Innovations & Insights

NAFA Fleet Management Association

NAFA Fleet Management Association (NAFA), the vehicle fleet industry’s largest membership association, today held a Media Day event at its annual Institute & Expo (I&E) in San Antonio, TX. At Media Day, over a dozen leading companies shared breaking news, innovations and other important announcements with industry reporters and publications in back-to-back press conferences. Media Day provided a unique opportunity for companies to showcase the latest developments in the fleet industry. Participants showcased a range of industry advancements in data analytics, safety technologies, electrification and more. "We were thrilled to bring Media Day back again at I&E this year,” said Bill Schankel, CAE, CEO of NAFA. “The product launches and exciting announcements made during Media Day are a testament to the fleet industry’s dedication to progress. These cutting-edge technologies, solutions and insights set the course for a more connected and efficient future.” Below is a look at the breaking news presented during NAFA’s I&E Media Day 2024: Draiver (Booth #1323) Presented by Federico Ranero, CEO Draiver presented new advanced-AI products. The company unveiled an all-in-one Command Center for total vehicle inventory management, as well as the new Draiver Driver app with cutting-edge tech features like Vehicle Inspection and Self Assign designed to increase valuable uptime. Ranero positions the innovations as the future of vehicle delivery. National Institute for Automotive Service Excellence (ASE) (Booth #1322) Presented by Donna Wagner, Vice President of Media and Industry Relations ASE presented preliminary results of its engine repair survey; commissioned to identify repair tasks technicians perform most frequently. 72% of respondents are currently A1 certified or were in the past and 76% hold one or more ASE A2-A8 automotive certifications while a majority of respondents hold each of those respective certifications. MoveEV (Booth #1523) Presented by Dave Lewis, Founder & CEO MoveEV unveiled its first marketplace add-in for the MyGeotab® Product, designed for Geotab-enabled fleets with EVs enrolled in MoveEV’s home charging reimbursement program, ReimburseEV™. The add-in connects Geotab and ReimburseEV™, allowing users to view any car’s home charging and reimbursement history without leaving the Geotab environment. GreenPower Motor Company (Booth #440) Presented by Brendan Riley, President GreenPower announced a new all-electric commercial vehicle product, the EV Star Utility Truck, purpose-built and customizable for vocational applications and workloads. The EV Star Utility Truck joins GreenPower’s EV Star Cab & Chassis commercial vehicle family as the 10th truck body upfit solution manufactured by GP Truck Body. RoadFlex (Booth #2033) Presented by Rush Akin, Chief Revenue Officer RoadFlex presented the launch of its Proactive Fuel Risk Management Platform™: an AI-powered fleet expense management solution that saves fleets an average of 11% in fuel costs. RoadFlex is redefining fuel cards and fuel management. It leverages advanced spending controls, telematics integrations and eliminates card misuse and fuel fraud. Feal Ramp (Booth #1145) Presented by Marat Shterenberg, US Sales Director Feal Ramp announced a cutting edge aluminum loading ramp, crafted from military grade aluminum. The ramp includes a no-drill universal installation and a patented double hinge transition plate to streamline the loading and unloading of goods, increase efficiency, ensure stability and prevent accidents. GPS Trackit (Booth #2123) Presented by Jeff Alsop, Sr. Director of Indirect Sales GPS Trackit announced VidFleet WiFi Hotspot, a groundbreaking enhancement that transforms its VidFleet dash cams into high-speed Wi-Fi hubs, extending connectivity beyond the dashboard. In tandem, they introduced Driver Safety Assistance for all dash cams, providing drivers with instant audible coaching for improved safety and driving habits. Fleetio (Booth #1149) Presented by Shay Misra, Sr. Product Marketing Manager Fleetio announced an expansion to its payment options for third-party maintenance with Fleetio Pay Debit, an innovative payment solution. Customers will be able to efficiently and securely manage transactions using physical and virtual Visa debit cards, ensuring complete control over financial activities. Merchants Fleet (#Booth 641) Presented by Lisa Drake, Assistant Director of Fleet Electrification Merchants Fleet announced they’ve secured $1.4 million in grants and incentives for clients’ electrification initiatives, a strategic move designed to accelerate fleet electrification throughout North America. Leveraging deep expertise in navigating the complex funding process, Merchants is empowering clients with specialized guidance and support to help to identify and apply for crucial funding. Fleet Complete (Booth #1732) Presented by Frank Friesacher, Chief Product Officer Fleet Complete presented an exciting step forward in fleet electrification for mixed fleets by making the transition to OEM EVs even simpler. With its advanced support for OEM connected electric vehicles (EV), the global IoT leader continues to demonstrate its commitment to offering mixed fleets with more efficient fleet management solutions. FreightMiner (Booth #1632) Presented by Al Houry, Founder & CEO In partnership with Insight Autonomy, FreightMiner revealed technology for fleets that eliminates endless costs and time spent on driver training and collision repairs. This technology makes trucks safer to drive… anywhere, all year long. It installs on existing fleets, alerts drivers about surrounding obstacles, keeps fleet vehicles in their lane and prevents collisions. Shell Fleet Solutions (Booth 1256) Presented by Jim Perkins, Director, Shell Fleet Solutions US Shell Fleet Solutions, with WEX, shared the news that its Shell Fleet Navigator® Card will soon offer integrated payments for both fuel and EV on-the-go charging, giving flexibility to internal combustion engine (ICE) and electric vehicle (EV) hybrid fleets. The new feature will allow ICE vehicles to fuel up at 95% of U.S. gas stations, while EVs can utilize charging stations on the WEX network nationwide. Teletrac Navman (Booth #1833) Presented by Carlos Caponera, Chief Marketing Officer Teletrac Navman announced enhanced AI-powered safety features for its IQ Camera, targeting driver distraction, cell phone usage, and drowsy driving, ensuring fleet protection and efficiency. Bluedot (Booth #1844) Presented by Martin Hamedani, VP of Partnerships Bluedot announced the public launch of Bluedot for Fleets, an all-in-one platform for public charging accessibility, automated payment and billing management, home charging reimbursement and vehicle analytics. It's designed to streamline the operations of electric vehicle fleets. NovaCHARGE (Booth #2044) Presented by Paul Boes, VP of Engineering, and Mark Gross, VP of Product Development NovaCHARGE announced the expansion of their innovative total solutions package available for fleets with FLEXX mobile EV charging systems. This new solution will ensure efficiency, productivity, and ease of transition to EVs for fleet managers of municipalities, enterprises, and utilities. Spring Free EV (Booth #2160) Presented by Sunil Paul, Co-Founder & CEO of Spring Free EV Spring Free EV announced the external launch of their fleet financing and tax credit solution, Residual Capital. For fleet operators, Residual Capital significantly eases the economic burden and residual value risks involved with EV acquisition. The product offers investors the ability to monetize available tax credits and benefits. 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/

April 22, 2024 07:34 PM Eastern Daylight Time

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Air New Zealand's Electric Flight Initiative Prepares for Takeoff

MarketJar

Air New Zealand just announced bold plans to introduce all-electric cargo flights by 2026, marking a significant leap toward sustainability in the aviation industry. 1 With a length exceeding 39 feet and weighing three tonnes, the The Beta ALIA electric cargo aircraft can reach speeds of up to 168 miles per hour. Extensive test flights have demonstrated its capabilities, covering nearly 300 miles on a single charge, with a charging time of 40 to 60 minutes, highlighting the practical feasibility of electric aviation for commercial operations. Initially focusing on cargo transportation, the aircraft will collaborate with New Zealand Post to shuttle mail between the two airports, showcasing the practical utility of electric aviation in essential services. In December 2023, Air New Zealand's CEO Greg Foran emphasized the pivotal role of sustainable aviation fuels in reducing the airline's carbon footprint. He highlighted the potential of next-generation aircraft to significantly cut emissions, particularly in regional operations. The Beta ALIA aircraft represents a vital advancement in emission reduction efforts. Data from 2023 revealed that aviation contributed 12% of New Zealand's carbon emissions, a stark contrast to the global average of 2.8%. 2 Kiri Hannifin, Air New Zealand's chief sustainability officer, said that nearly all airports across the country had shown keen interest in securing routes, underscoring the widespread enthusiasm for sustainable air travel. Air New Zealand isn’t the only company looking to launch all-electric aircraft in the near future. Surf Air Mobility Inc. (NYSE:SRFM) is a Los-Angeles-based regional air mobility platform transforming regional flying through electrification. Surf Air Mobility isn’t just an EV aircraft startup. Its subsidiary Southern Airways is already the largest commuter airline in the US based on scheduled departures, flying more than 450,000 passengers on ~75,000 flights to 48 destinations in the US in 2022. Now, the company has partnered with commercial leaders to develop revolutionary new technology to upgrade the widely popular Cessna Grand Caravan aircraft with fully electric and hybrid-electric engines for passenger air travel, once certified. With expertise spanning aviation, electrification, and consumer technology, Surf Air Mobility is well-positioned to drive forward the electrification of air travel, ushering in a new era of sustainable aviation. Surf Air Mobility Forges Ahead in Electrifying Regional Air Travel: Partnerships, Milestones, and Financial Outlook Surf Air Mobility Inc. (NYSE:SRFM) just announced its fourth quarter and full year 2023 results, showcasing growth and development in its regional air mobility platform. The company exceeded guidance, with a GAAP revenue of $60.5 million and pro forma revenue of $112.9 million for the full year, marking a 12% year-over-year increase. In Q4 2023, Surf Air Mobility solidified key partnerships and agreements, signaling its dedication to innovation and expansion. The company deepened its collaboration with Palantir to develop advanced software solutions, including continuing work on an AI-enhanced 'crew scheduling' application. Additionally, Surf Air Mobility continues to advance its initiative to electrify the Cessna Caravan, and is in the final stage of vendor selections for key components, including battery and electric motor suppliers. Surf Air Mobility extended its global footprint by collaborating with Brazil's Azul, the largest airline in the country, to work toward introducing electric Cessna Caravans into Azul's existing fleet. The company also delved into the burgeoning seaglider market through a partnership with REGENT, a leading manufacturer of all-electric seagliders. With plans to establish a base in Miami, Surf Air Mobility could offer passenger transport services for South Florida, including routes connecting Miami, Fort Lauderdale, Palm Beach, and the Caribbean Islands. In March 2024, Surf Air Mobility signed a memorandum of understanding with Auric Air Services Ltd., a Tanzania-based regional air operator serving East Africa. The agreement aims to upgrade up to 12 of Auric Air's Cessna Grand Caravan aircraft with Surf Air 's proprietary electrified powertrain technology upon certification. The company now has MOUs for approximately 13% of the Cessna Caravan market in Africa for potential upgrades to its electrified powertrains, once certified. This agreement follows Surf Air 's recent announcements of similar electrified powertrain MOUs with other major Cessna Caravan air operators in East Africa, such as Safarilink, Yellow Wings, and Z.Boskovic, as well as Azul Connecta in Brazil. Looking ahead, Surf Air Mobility Inc. (NYSE:SRFM) anticipates first-quarter 2024 revenue in the range of $28.5 million to $29.5 million. With efforts to balance growth with profitability, Surf Air Mobility is poised to lead the future of regional air mobility with its innovative approach and dedication to environmental stewardship. Click on this link or read their corporate presentation to learn more about Surf Air Mobility Inc. (NYSE:SRFM). Footnotes: [1] https://thesun.my/world/new-zealand-to-launch-first-electric-plane-for-test-commercial-flights-in-2026-company-ED12339085 [2] https://www.rnz.co.nz/national/programmes/checkpoint/audio/2018918568/air-nz-purchases-first-battery-powered-electric-aircraft 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

April 19, 2024 08:30 AM Eastern Daylight Time

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Vicinity Motors promotes Brent Phillips to President as company drives strategic initiatives

Vicinity Motor Corp.

Vicinity Motors President Brent Phillips joined Steve Darling from Proactive to discuss his recent appointment and his vision for the company's future. With over 30 years of experience in the commercial transportation field, including leadership roles in distribution and manufacturing, Phillips brings a wealth of expertise to his new position. Phillips's extensive background includes serving as General Manager at Alliance Bus Group, a prominent bus distributor, where he played a key role in driving operational excellence and sales growth. Prior to that, he served as Vice President of Sales, Commercial Bus Group at REV Group, overseeing multiple brands and distribution channels across two manufacturing facilities. In his new role as President of Vicinity Motors, Phillips will spearhead the sales, assembly, procurement, and engineering teams, while also providing clear direction for the company's sales and operations programs. His strategic focus will include bringing production of the Vicinity Lightning electric bus to Ferndale, WA, as well as enhancing the company's existing VMC 1200 Dealer network across Canada. One of Phillips's key initiatives will be to ensure that fleets have access to Canada's only purpose-built, fully-electric work truck through the VMC 1200 Dealer network. Additionally, he will focus on providing Dealers with the necessary support for vehicle sales and service, as well as launching a strategic network of VMC 1200 Dealers across the U.S. With Phillips at the helm, Vicinity Motors is poised for growth and expansion as it continues to innovate and lead in the electric vehicle market. His leadership and strategic vision will drive the company forward as it strives to deliver cutting-edge transportation solutions to customers across North America. Stay tuned for further updates as Vicinity Motors continues to make strides under Phillips's leadership. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

April 18, 2024 12:30 PM Eastern Daylight Time

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