News Hub | News Direct

VOLATUS AEROSPACE CORP. ANNOUNCES CLOSING OF OVERSUBSCRIBED FINANCING FOR GROSS PROCEEDS OF $4.2M AND PROVIDES CORPORATE UPDATE

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) (“ Volatus ” or the “ Company ”) is pleased to announce that it has closed its previously announced marketed public offering (the “ Offering ”) of 11,171,812 units of the Company (the “ Units ”), inclusive of 60,612 Units forming part of the over-allotment option, at a price of $0.36 per Unit for gross proceeds of approximately $4,021,852. Each Unit is comprised of one common share in the capital of the Company (a “ Common Share ”) and one Common Share purchase warrant (each whole warrant, a “ Warrant ”). Each Warrant entitles the holder thereof to acquire, subject to adjustment in certain circumstances, one Common Share at an exercise price of $0.50 for a period of 24 months from the date of issuance. The Company has applied to list the Warrants (the “ Supplemental Listing ”) for trading on the TSX Venture Exchange (the “ TSXV ”) and anticipates the Warrants to be trading on the TSXV under the symbol VOL.WT.A on or about October 13, 2022. The Offering was led by Echelon Wealth Partners Inc., as lead agent and sole bookrunner, and a syndicate of agents, including Integral Wealth Securities Limited (collectively, the “ Agents ”). In connection with the Offering, the Company: (i) issued the Agents an aggregate of 879,475 compensation warrants, each of which is exercisable into one Common Share at an exercise price of $0.36 for a period of 24 months from the date of issuance; and (ii) paid the Agents an aggregate cash commission of $316,610.97. The Offering was completed pursuant to the Company’s (final) short form prospectus dated September 16, 2022 (the “ Prospectus ”). A copy of the Prospectus can be obtained on SEDAR at www.sedar.com. The Company is also pleased to announce that it has closed its previously contemplated concurrent brokered private placement of 569,222 Units on the same terms as the Offering (the “ Concurrent Private Placement ”) for aggregate gross proceeds of approximately $204,920. The Company will not be proceeding with its previously announced concurrent non-brokered private placement of Units of up to $500,000. All securities issued in connection with the Concurrent Private Placement are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities laws. The Offering and the Concurrent Private Placement are subject to final approval of the TSXV. The Company will use the net proceeds of the Offering and Concurrent Private Placement for inventory, factory operations, warehouse improvements, equipment for services and training, technology development, acquisitions, working capital and general corporate purposes, as more particularly set out in the Prospectus. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act ”) or any state securities laws, and may not be offered or sold within the United States, or to or for the account or benefit of any U.S. person or any person in the United States, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. “ United States ” and “ U.S. Person ” are as defined in Regulation S under the U.S. Securities Act. Certain insiders of the Company purchased an aggregate of 555,600 Units under the Offering. This constitutes a “related party transaction” within the meaning of TSX Venture Exchange Policy 5.9 (“ Policy 5.9 ”) and Multilateral Instrument 61-101 (“ MI 61-101 ”). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 (and Policy 5.9) contained in sections 5.5(b) and 5.7(1)(b) of MI 61-101 in respect of such insider participation. The Company did not file a material change report more than 21 days before the expected closing of the Offering, as the details and amounts of the insider participation were not finalized until closer to the closing and the Company wished to close the Offering as soon as practicable for sound business reasons. Corporate Update Volatus announces the granting of 200,000 stock options to its new board member, Lt. General (ret'd) the Honourable Andrew Leslie. Each stock option entitles the holder to purchase one common share of the Company for an exercise price of $0.36 at any time until October 5, 2027. Fifty percent (50%) of the stock options shall vest on the first anniversary of the date of grant with the remaining fifty percent (50%) on the second anniversary of the date of grant. The granting of these options is subject to the terms of the Company’s stock option plan and its standard form stock option agreement, in addition to any required approval of the TSXV. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding (i) the business plans and expectations of the Corporation; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects the Corporation’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 833-865-2887 Abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

October 06, 2022 09:06 AM Eastern Daylight Time

Fullintel Shortlisted For Five 2022 AMEC Awards

Fullintel, LLC

Fullintel, a leading media monitoring services company that specializes in human curation combined with powerful predictive intelligence, is pleased to announce it has been shortlisted for five 2022 AMEC Awards: Best use of social media measurement (2) Best crisis communications measurement and reporting Best use of measurement for a single event or campaign Best use of integrated communication measurement and research “As media becomes more fragmented and difficult to track, awards programs like AMEC’s are even more significant because they showcase how industry leaders like Fullintel are able to cut through the noise and find the content that matters,” said Fullintel President Andrew Koeck. “Our award-winning media analysis builds on this, providing our clients with strategic advice and customizing our reporting to address their specific objectives, resulting in actionable insights to drive their PR strategy to improve business results.” In the last two years, Fullintel has won four AMEC Awards including Gold for Best Multi-Market Reporting for their client at HelloFresh. The news comes on the heels of Angela Dwyer, a former senior vice-president at NYC-based PR agency Lippe Taylor and senior project manager at PRIME Research (now Cision), joining Fullintel as Head of Insights to further accelerate its media analysis program. As a member of the IPR Measurement Commission, Angela contributes to the development and promotion of standards and best practices for research, measurement, and analytics with a recognized global group of professionals in the industry. Her best-in-class measurement experience with solid research approaches will continue to elevate Fullintel’s work to help clients measure impact and make smarter business decisions – leading to better, award-quality results for clients. The 20th annual AMEC Awards is a global awards program for communications measurement held by the International Association for the Measurement and Evaluation of Communication (AMEC). The program highlights exceptional work while highlighting the vital importance of measurement, research, and analytics. Fullintel works with the world’s largest brands to offer daily executive news briefs, real-time media monitoring, and award-winning media analysis covering all traditional and social media platforms. Our real-time media monitoring service monitors every media source available, and Fullintel Hub's PredictiveAI™ engine will alert your team up to 48 hours in advance of trending stories that will become viral. You can view the full 2022 AMEC Awards shortlist here. About Fullintel: Fullintel offers a unique combination of talent, tools and technology for PR professionals looking for media monitoring and PR analysis services. We’re not just an app with canned reports - we tailor custom experiences for each client. Our reports feature easy-to-understand analysis that our clients leverage for continuous improvement, and are delivered with the accuracy, speed, relevancy and intuition that only trained industry analysts could provide. Contact Details Fullintel Samuel Chen +1 339-970-8005 schen@fullintel.com Company Website https://fullintel.com/

October 06, 2022 08:52 AM Eastern Daylight Time

Image

First MOKE Now Fablink — EV Technology Group Is Redefining EV Production And Strategy

EV Technology Group

EV Technology Group Ltd. (NEO: EVTG) (OTCQB: EVTGF) (EV Technology Group or the Company) is a new company entering the electric vehicle (EV) production race, but with a promisingly different strategy. Unlike many companies like Rivian Automotive Inc. (NASDAQ: RIVN) that are focused on creating futuristic designs and models, EV Technology Group’s strategy is to electrify already iconic brands. EV Technology Group draws inspiration from Louis Vuitton CEO Bernard Arnault. Arnault would acquire what he called “sleeping beauty” brands like Christian Dior and catapult them into a new era of success. Arnault’s inspiration has already helped drive proven success for EV Technology Group. In July, the Company entered a definitive agreement with the shareholders of MOKE International Ltd. to acquire up to 100% of the company and helped introduce the Electric MOKE to the market. Since partnering with MOKE International, EV Technology Group has created the Electric MOKE, showed it at the Cannes Film Festival and most recently distributed it at luxury department store Le Bon Marche Rive Gauche in Paris, and at its flagship retail store named Casa MOKE in Saint-Tropez, France. Consumers resonate with purchasing a brand they are familiar with. The 1960s-era MOKE vehicle has global recognition from the likes of James Bond movies to countless celebrities and is the perfect demonstration that consumers are interested in the electrification of brands they already know and love. However, knowing which brands to partner with and acquire does not guarantee continued success in an industry struggling with delivering electric vehicles on time due to global supply chain entanglements such as those caused by the pandemic. The automotive industry across the board is struggling to deliver the vehicles people are purchasing - problems with components are preventing customers from receiving the vehicles they want, when they expect to receive them. Between global supply chain shortages and EV companies outsourcing their production to third parties, losses are rampant. For startups that are relying heavily on investors, it can be devastating; analysts expect Rivian to lose more than $6.5 billion this year because of supply chain issues. This is why EV Technology Group announced in August that it entered into a definitive agreement to acquire leading British Tier 1 supplier and specialist manufacturer Fablink Group Holdings Ltd. EV Technology Group’s proposed acquisition of Fablink Group should curtail supply chain issues and eliminate product delays. Fablink Group has over 750 highly specialized employees and seven manufacturing sites across the U.K. The company is a leading U.K. manufacturing and engineering organization with a portfolio of strong growth through its exposure to electric vehicle demand. Once the Fablink Group acquisition is complete, EV Technology Group will own its supply chain and will be able to control the complete process from concept through to manufacturing, engineering and assembly. EV Technology Group will no longer be reliant and potentially at the mercy of multiple third-party companies to complete large parts of the process. As such, it will be able to electrify more brands and increase supply to meet the already existing demand, proven by the partnership with MOKE. The acquisition plan shows that EV Technology Group’s strategy is scalable and can expand with relative ease compared to competitors that are dependent on a conglomerate of companies to complete their products. Recently, the company also announced an additional definitive agreement to acquire a portfolio of iconic brands, i ncluding Ford, Maserati, and Ferrari coach builders, further solidifying their mission to electrify the future of motoring. EV Technology Group was founded in 2021 with a vision of electrifying iconic brands – and a mission of redefining the joy of motoring for the electric age. By acquiring iconic brands and bringing beloved motoring experiences to the electric age, EV Technology Group is driving the EV revolution forward. Backed by a diversified team of passionate entrepreneurs, engineers and driving enthusiasts, EV Technology Group creates value for its customers by owning the total customer experience — acquiring and partnering with iconic brands with significant growth potential in unique markets, and controlling end-to-end capabilities. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. This post contains forward-looking statements including, but not limited to: the acquisition of Fablink Group Holdings, MOKE International Ltd and strategy of EV Technology Group. Often, but not always, these forward-looking statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the forward-looking statements, including those factors discussed under “Risk Factors” in the filing statement and annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except where required by law. There can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Contact Details Dave Gentry dave@redchip.com Company Website https://evtgroup.com/

October 05, 2022 08:00 AM Eastern Daylight Time

Electrovaya To Build Its First U.S. Gigafactory in New York State, To Open In Phases Starting In Late 2023

Electrovaya Inc.

Electrovaya Inc. ELF:TO EFLVF recently announced that it has selected New York State as the location for its first U.S. gigafactory (the “Gigafactory”), for the production of cells and batteries. Electrovaya will set up operations at a 137,000-square-foot plant on a 52-acre campus near Jamestown, NY. The Company is developing the Gigafactory due to rising demand for its lithium-ion batteries, which provide superior safety and longevity in demanding applications for e-forklifts, e-trucks, e-robots, e-buses and more. Dr. Raj Das Gupta, CEO of Electrovaya, said: “Electrovaya is proud to build our first U.S. gigafactory in New York State to manufacture our high-performance lithium-ion battery products with 100% renewable energy. We are very pleased to have strong support from the State for this venture and expect to continue to find additional non-dilutive funding to support capital needs.” “The Gigafactory will achieve three key objectives for the Company: Increase our manufacturing capacity to meet growing demand, improve our supply chain security and overall gross margins through added vertical integration, and develop additional market opportunities given the significant U.S.-based manufacturing capacity,” continued Dr. Das Gupta. Empire State Development (ESD) is assisting the project by providing up to $4 million of tax credits through the performance-based Excelsior Jobs Program, and $2.5 million of funding through the Regional Council Capital Fund Program. The Gigafactory will be located in a former electronics manufacturing facility and is expected to create approximately 250 new jobs, with expected production of more than one GWh of battery and energy storage systems over the next five years. Electrovaya will also be eligible for other New York State funds, as well as U.S. federal funding from various agencies and programs. In July, the New York Power Authority Board of Trustees approved an allocation of more than 1.5 megawatts of low-cost hydropower under the Power Authority’s Industrial Economic Development program to meet the increased electric load resulting from the Gigafactory. The final capital cost of the facility is estimated at approximately $75 million, and it is expected to open in phases starting in late 2023. About Electrovaya Inc.Electrovaya Inc. (TSX:EFL) (OTCQB:EFLVF) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries without compromising energy and power. Electrovaya is a technology-focused company with extensive IP, designs, develops, and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. Company's Infinity line of batteries is focused on commercial vehicles and its Solid State Technology under Development is focused on passenger vehicles. To learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Electrovaya Inc. Jason Roy +1 905-855-4618 jroy@electrovaya.com Company Website https://electrovaya.com

October 04, 2022 04:01 PM Eastern Daylight Time

Industrial Defender Appoints Gabe Authier as Chief Product Officer

Industrial Defender

Industrial Defender, a leader in operational technology (OT) cybersecurity solutions, today announced the appointment of Gabe Authier as CPO. This addition strengthens the company’s bench of technical executives and positions it for success in 2023 and beyond. Authier has held product management roles at both Tripwire and Belden, and his comprehensive knowledge of the industrial cybersecurity space and cloud-native solutions will further enrich Industrial Defender’s product development roadmap. “Industrial Defender continues to add incredible new talent to the team. Gabe’s experience architecting customer-centric product roadmaps, building cloud-native technologies and creating innovative solutions for the industrial space aligns well with our organizational goals,” said Jay Williams, CEO of Industrial Defender. “I am confident he will be an essential contributor to our continued success as a global leader in OT cybersecurity solutions.” “We see a massive opportunity right now to help critical infrastructure companies mature their cybersecurity programs beyond basic visibility solutions. Identifying, monitoring and managing asset data from a single tool is the next generation of OT security,” said Authier. “I couldn’t be more excited about the opportunity to shape Industrial Defender into the go-to OT data platform for the future.” Authier brings over 20 years of experience in product management and information technology and is passionate about customer-centric software development. He holds a BS in Systems Engineering from University of Arizona and an Executive MBA from the University of Oregon. About Industrial Defender Industrial Defender protects the world’s critical infrastructure from cyberattacks. As a leader in OT cybersecurity innovation, the company’s scalable platform is used by organizations around the world to empower security stakeholders with actionable data from their OT and IIoT infrastructure, enabling them to make informed risk management decisions and manage their OT cybersecurity program in a concise, single vendor dashboard. Learn more at www.industrialdefender.com. Contact Details Industrial Defender Erin Anderson +1 617-675-4206 eanderson@industrialdefender.com Company Website https://www.industrialdefender.com

October 04, 2022 09:09 AM Eastern Daylight Time

VEHICLE CRIMES CRISIS

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/c2wvGfOBa7Y Crime continues to skyrocket across the nation with vehicle crimes increasing to near record highs. The National Insurance Crime Bureau (NICB) found nearly 1 million vehicles were stolen in 2021, and 2022 is looking even more grim for vehicle owners. Recent analysis shows vehicle and catalytic converter thefts and carjackings are continuing to rise. NICB’s data includes information on the following topics: Total auto thefts are the highest seen by the NICB since 2008. Catalytic converter thefts are up 1,215% since 2019, and are continuing to increase. Carjackings are up dramatically in many major cities. There is a new warning for anyone who owns or leases a vehicle: Vehicle Thefts, Catalytic Converter Thefts, and Carjackings are continuing to rise. According to NICB, there were more than 933,000 thefts of vehicles in 2021, a 27% increase since 2019. Catalytic converter theft insurance claims increased by 1,215% over 2019. Carjackings, the theft of a car by force or intimidation, continue to skyrocket in many major cities, increasing anywhere from 160% to nearly 530%. For more information, visit National Insurance Crime Bureau website at NICB.org Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

September 28, 2022 02:00 PM Eastern Daylight Time

Video

How Climate Solutions are Helping Local Economies

YourUpdateTV

Billions of dollars in U.S. manufacturing investment are fueling the clean energy industry. But what does it mean for local economies? Recently, Dr. Sweta Chakraborty and Dr. Frances Colón participated in a nationwide satellite media tour to discuss how climate solutions can potentially create jobs, lower costs, and provide new opportunities for families to save money. A video accompanying this announcement is available at: https://youtu.be/HVqszCktUN4 The Inflation Reduction Act, signed into law last month, is the most significant climate bill in history. It will put our nation on the path to cutting pollution by 40% by 2030, create millions of good-paying clean energy jobs, invest in environmental justice, and reduce energy bills for working families across the country. With climate disasters directly impacting one in three American residents, the Inflation Reduction Act is a great first step to making sure communities on the frontlines of the climate crisis get the resources they need—and working families are able to save money. Since the passage of the IRA, billions of dollars in domestic manufacturing investments are fueling the clean energy industry. The Inflation Reduction Act incentivizes domestic manufacturing and as a result, First Solar, the United States’ largest solar manufacturer, announced its plan to invest $1.2 billion to expand its manufacturing capabilities. SPI Energy announced its plan to begin manufacturing solar wafers, a component of solar cells, in the US. Toyota recently announced that it plans to invest over $5 billion in creating electric batteries in US and Japan plants. And many more companies in the clean energy industry continue to expand and create jobs in the U.S. For more information about how these climate investments impact you, visit climatepower.us About Dr. Sweta Chakraborty: Dr. Chakraborty is a globally recognized risk and behavioral scientist and expert on global risks ranging from climate change to COVID-19. She is a trusted authority on proactive preparedness to mitigate against the impacts of climate change, motivated by the need for clear, credible, evidence-based communication. Sweta is the President of US Operations for We Don't Have Time. Sweta is a TEDx and SXSW featured speaker, most recently alongside Nikolaj Coster-Waldau for the UNDP’s #dontchooseextinction campaign, and is regularly interviewed on major, international news media outlets including CNN, the NYT, the BBC, Forbes, Fox News Channel, Sky News, CBS, NowThis, MSNBC to name a few. She has appeared on networks like Nickelodeon and Discovery+, where she was featured alongside Kamala Harris for an Earth Day 2021 special. Sweta has written extensively in peer-reviewed journals, is a book author from her time as a postdoc at Oxford University, and is currently working on her second book on adaptation to global risks. She has built her career around how to connect science, media and policy to change attitudes, empower audiences, and inspire action alongside celebrities like Questlove and Joaquin Phoenix. About Dr. Frances Colón: Frances Colón is the senior director for International Climate Policy at American Progress, where she leads a program to drive international ambition and action to meet global climate mitigation and adaptation goals. Colón is the former deputy science and technology adviser to the Secretary of State, where she promoted integration of science and technology into foreign policy dialogues, global advancement of women in science, and climate policy for former President Barack Obama’s Energy and Climate Partnership of the Americas. Colón earned her Ph.D. in neuroscience in 2004 from Brandeis University and her B.S. in biology in 1997 from the University of Puerto Rico. Colón was a 2019 Open Society Foundations Leadership in Government fellow, a city of Miami Climate Resilience Committee member, and a 2020 Yale-OpEd Project Public Voices on the Climate Crisis fellow. She is a member of the National Academies of Science, Engineering, and Medicine Roundtable on Science and Technology for Sustainability, and she co-chairs the academies’ Global Science Diplomacy Roundtable. About Climate Power: Climate Power is an independent strategic communications and paid media operation focused on building the political will and public support for bold climate action. Founded by the Center for American Progress Action Fund, League of Conservation Voters, and Sierra Club, Climate Power integrates hard-hitting research, polling, state and national earned media, digital and paid media to influence the national conversation, embolden leaders to take immediate, bold climate action, and expose climate deniers and their oil and gas lobby allies Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

September 27, 2022 04:00 PM Eastern Daylight Time

Video

Industrial Defender Appoints Aaron Crow as Chief Technology Officer

Industrial Defender

Industrial Defender, a leader in OT cybersecurity technology, today announced that Aaron Crow has been appointed Chief Technology Officer of Industrial Defender. Crow is a highly regarded industrial cybersecurity expert and brings over two decades of experience in IT and cybersecurity, with more than 15 of those focused on critical infrastructure and power utilities. “Aaron is a talented individual with the right skill set to help propel Industrial Defender into the future and build on our vision to become the global leader in OT cybersecurity solutions,” said Jay Williams, CEO of Industrial Defender, “His vital experience building out security programs and technologies for industrial environments as both an asset owner at a power company and as a consultant is exactly what we need, and I couldn’t be more excited to welcome him to our growing team.” “The world is at a critical juncture right now that will shape how secure our future will be. Industrial Defender is perfectly positioned to be a leader in the global industrial security transformation,” said Crow. “I’m incredibly optimistic about where the company is headed and the role it will play in keeping the technology that powers society safe and operational.” Crow’s impressive background spans operational technology security roles at both Ernst & Young and Luminant, where he built out multiple, large scale OT cybersecurity programs reaching across hundreds of sites, multiple states and different entities. He also holds a Certified Information Systems Security Professional (CISSP®) certification. About Industrial Defender Industrial Defender protects the world’s critical infrastructure from cyberattacks. As a leader in OT cybersecurity innovation, the company’s scalable platform is used by organizations around the world to empower security stakeholders with actionable data from their OT and IIoT infrastructure, enabling them to make informed risk management decisions and manage their OT cybersecurity program in a concise, single vendor dashboard. Learn more at www.industrialdefender.com. Contact Details Erin Anderson +1 617-675-4206 eanderson@industrialdefender.com Company Website https://www.industrialdefender.com

September 27, 2022 09:08 AM Eastern Daylight Time

American Equipment Holdings Deepens Geographic Coverage and Service Capabilities Through Acquisition of Industrial Hoist & Crane

Rotunda Capital Partners LLC

American Equipment Holdings (“American Equipment”), a Rotunda Capital Partners portfolio company, has acquired Industrial Hoist & Crane (“Industrial Hoist”), a leading provider of overhead crane maintenance, repair and overhaul (MRO) field services headquartered in Rock Springs, Wyoming, with operations throughout the Intermountain West. The acquisition of Industrial Hoist marks the 12 th add-on acquisition completed by American Equipment since partnering with Rotunda in May 2021. For more than 20 years, Industrial Hoist has been providing comprehensive overhead crane and hoist field service solutions, including repairs, inspections, and replacement parts, to customers throughout the Western U.S. Over the years, Industrial Hoist established a reputation of integrity and customer service, which earned the company a strong reputation in the region and a deep pool of loyal, repeat customers. Industrial Hoist will be rebranded as American Equipment and will continue to serve new and existing customers with the same reliable and high-quality customer service that it has demonstrated over the years. “This is an exciting day for all of us at Industrial Hoist & Crane,” said Donna Teeples, owner of Industrial Hoist. “The team at American Equipment is deeply committed to its products, its customers, and its employees and has clearly distinguished itself within the industry. We cannot wait to begin working together to deliver an unmatched experience for our customers and employees.” “I have known Donna for many years and have always held her and her team at Industrial Hoist in the highest regard,” said American Equipment CEO Adam Zimmerman. “I am thrilled that we can now bring our two organizations together and offer our customers more robust and comprehensive offerings and capabilities.” About American Equipment Holdings American Equipment Holdings is an organization of leading overhead crane and hoist distributors and field service providers, including American Equipment, Allied Crane, Eastern Crane & Hoist, Facilities Engineering, Kistler Crane & Hoist, Pacific Crane & Hoist, Patriot Crane & Hoist, and Washington Crane & Hoist. The consolidated entity is one of the largest independently owned overhead crane and hoist solutions providers in the country, serving over 5,000 customers nationwide. Together, American Equipment Holdings companies provide comprehensive solutions for everything related to customers’ overhead crane and hoist needs, including OSHA mandated inspections, preventative maintenance and repair field services, parts, engineering, ISO certified fabrication, new and replacement equipment, automated systems, system modernizations and training. American Equipment Holdings represents the industry’s leading manufacturers such as Detroit Hoist, Columbus McKinnon, ACCO, R&M, Demag, Gorbel, Spanco, IMS, Harrington, Conductix, Magnetek & PE, among others, and customers rely on its service, design, engineering, fabrication, and installation capabilities to meet their unique application needs. American Equipment Holdings serves local, regional and national customers across a variety of end markets, including light & heavy industrial, automotive, mining, public utilities, military, aerospace & defense and energy, among others. For more information, visit www.amquipinc.com. American Equipment is aggressively seeking to acquire other overhead crane and material handling equipment, parts and service solution providers and is interested in acquisition opportunities presented by business owners, management, or M&A intermediaries. Please contact Ryan Aprill, Principal at Rotunda Capital Partners, regarding acquisition opportunities. About Rotunda Capital Partners Rotunda Capital Partners is an operationally oriented private equity firm focused on transforming family-founder owned companies into dynamic, data-driven platforms able to achieve and manage significant growth. Since its founding in 2009, Rotunda has partnered with management teams to build great businesses within three primary sectors: value-added distribution, asset-light logistics and industrial & business services. Rotunda strives to achieve replicable results by implementing its Rotunda Performance System to create strategic alignment, develop lean processes and create robust, data-driven infrastructures. For more information, visit www.rotundacapital.com. Contact Details Rotunda Capital Partners Jill Lafferty +1 847-280-1295 jill@rotundacapital.com Company Website https://www.rotundacapital.com

September 26, 2022 09:41 AM Eastern Daylight Time

Transportation