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Announcing Nilu27: a Hypercar Brand from Celebrated Designer Sasha Selipanov

Nilu

Nilu27 is the company founded by Sasha and Inna Selipanov to introduce an extraordinary vehicle lineup over the next ten years. And it begins this summer with the public debut of their first vehicle: the breathtaking V12-powered NILU hypercar, which will be revealed to the public at Pebble Beach during Monterey Car Week in August. The new company – named from a combination of the founders’ daughters’ names, Nica and Lucia – brings an unrivalled depth of automotive knowledge and expertise. Sasha’s sports car legacy includes landmarks that began with the Lamborghini Huracán before moving on to the Bugatti Chiron and Bugatti Vision Gran Turismo. Sasha was also responsible for the design of the Koenigsegg Gemera and Koenigsegg CC850, among the many vehicles stemming from his two-decade career in the automotive industry. Nilu27 was co-founded by Inna Selipanov, who brings a wealth of marketing and business development experience to the venture. Aside from being married for more than 20 years, Inna and Sasha enjoyed dynamic collaborations during their respective stints at Genesis and Koenigsegg. Combining their complementary skill sets in this new endeavor puts them on a unique path to disrupt the industry. CRAZY ENDEAVOR Sasha felt sports car development had veered off course in an effort to check way too many boxes. The automotive industry’s fascination with technology has led to a plethora of technologically advanced, yet emotionally sterile products. Sasha’s vision is to explore the DNA of what defines a sports car, focusing on an emotional engagement with each of our senses. The vision is unique in both his approach to the product and brand itself, resulting in vehicles that promise to be beautiful and brutal in equal measure. The NILU hypercar will create an authentic analog driving experience, deploying a naturally aspirated engine designed to set the driver’s senses tingling. “ One of my most vivid childhood memories was seeing an old magazine clipping of Gilles Villeneuve in his #27 F1 car power sliding out of a corner. I instantly fell in love with the image of that visceral, beautiful beast,” Sasha recalled. “This passion took me on a rollercoaster ride through my career, culminating in Nilu27. Now, my team and I are finally able to explore the quintessential automotive themes of beauty and brutality without the limitations commonly imposed by the industry or preconceived commitments to technology. We cannot wait to present our first car this summer! ” PEBBLE BEACH DEBUT After living in Sasha’s mind and sketchbook since 2007, his vision has taken a physical form and will be revealed first to a number of industry insiders in Los Angeles in early August. It will then be seen by the public and media for the first time on the ramp at Pebble Beach Golf Course on August 15 during Monterey Car Week. Following its debut, the NILU hypercar will appear at a number of events and functions during the week, culminating in its appearance on the Concept Lawn at the Pebble Beach Concours d’Elegance on August 17-18. For more information, please visit www.nilu27.com EDITOR’S NOTE A high-resolution image of the NILU hypercar can be accessed here, along with animated video assets: dropbox.com/scl/fo/xs0d07ogk4mql24ohf934/ANMDxpHteiH-sMbk0rhmfzo?rlkey=46ac9r5qafnea7leve9f7a7of&dl=0 Any media wishing to interview Sasha Selipanov or the founding team should please contact greg@theidagency.com ABOUT Nilu27 Founded in 2024 by Sasha and Inna Selipanov, Nilu27 is on a mission to produce quintessential sports cars. With a primary focus on beauty and brutal performance, the company’s purpose is to celebrate all elements of the car that engage the senses. This sometimes means divorcing from technology. We build cars for car people. For more information, please visit www.nilu27.com Contact Details Greg Emmerson, The ID Agency greg@theidagency.com Company Website https://www.nilu27.com/

May 21, 2024 06:05 AM Pacific Daylight Time

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Ilika CEO highlights strong 2024 financial performance and key developments

Ilika PLC

Ilika PLC CEO Graeme Purdy discusses the company’s positive trading update for the year to 30 April 2024 with Proactive London’s Stephen Gunnion. The company expects to announce revenues of approximately £2.1 million from £0.7 million a year earlier and ended the period with cash and cash equivalents of £11.9 million, providing a solid foundation for future operations. Key highlights included a ten-year licensing agreement with Cirtec Medical LLC in the US to commercialise miniature batteries for medical devices and wireless sensors. Additionally, Ilika announced a 12-month collaboration with the Tata Group’s Agratas to develop Goliath cells, aiming for a 50 amp-hour battery by the first half of 2025. The company’s financial position is supplemented by a recent £1.7 million capital raise aimed at advancing the Goliath programme. Planned investments include upgrading dry room capabilities to handle moisture-sensitive materials and enhancing testing equipment for larger battery prototypes. Purdy also provided an update on the Stereax production line, noting significant progress at the Massachusetts facility, with equipment commissioning and qualification underway. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 17, 2024 02:24 PM Eastern Daylight Time

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Surf Air Mobility Beats Revenue Guidance and Appoints Former Bombardier Flexjet Exec as New Interim CEO

MarketJar

Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, just announced its incoming interim-CEO, Deanna White, a leading pioneer in the aviation industry. 1 Deanna, Surf Air Mobility ’s former CFO and current Senior Advisor, will become full time Chief Operating Officer and interim CEO for Surf Air Mobility Inc. (NYSE:SRFM). Deanna White brings years of executive experience in aviation and a proven commitment to transforming flight. This news also marks a significant milestone for the aviation space, which is primarily a male-dominated industry. Deanna is the perfect choice to guide Surf Air Mobility into the future as the company turns its focus to profitability and efficiency. Her unparalleled depth of experience in the aviation industry, combined with her intimate knowledge of Surf Air Mobility and the broader opportunity, positions her to lead the company towards new heights. Since joining Surf Air Mobility in 2021, she has made valuable and long-lasting contributions as both CFO and Senior Advisor of the company. Deanna’s previous experience in both emerging aviation technologies and private charter operations makes her an amazing fit. She has served as COO at Kittyhawk, which was sold during her tenure to Boeing and has subsequently been rebranded as Wisk Aero, where she led the business operations and commercialization of an R&D eVTOL aircraft program. She was also CEO of Bombardier Flexjet, a global leader in private aviation, which was ultimately sold to Directional Aviation Capital for $185 million. Deanna is a seasoned industry leader, blending an intimate knowledge of Surf Air Mobility and its people with an unparalleled depth of experience in the aviation industry. She has a proven track record of success in the C-Suite of multiple innovative companies across the Air Mobility sector. Her previous experience in C-level positions at Bombardier Flexjet and Kittyhawk, continues to guide and inspire her as she leads Surf Air Mobility into its next chapter. This new phase will balance growth and opportunity with profitability, as Deanna reshapes the industry and realizes Surf Air Mobility ’s massive potential. In a CEO transition, Stan Little, the founder of Southern Airways and current Surf Air CEO, will move to a "Founder’s" role. Surf Air Mobility also provided financial and business highlights for the first quarter of 2024. The company is making progress on key initiatives, including supporting 19 communities under the Essential Air Service program and entering into an MOU to supply electric powertrains to Tanzanian Cessna Caravan operator Auric Air. The aircraft electrification program is on track to complete the conceptual design phase by the fourth quarter of 2024, and software development for B2C and B2B platforms is ongoing. To enhance its capital structure, Surf Air Mobility has engaged a leading investment bank to secure additional, non-dilutive or less-dilutive capital in the form of a credit facility. Congress is expected to imminently pass the FAA Reauthorization Act, which, in its current form, would positively impact the Essential Air Service (“EAS”) program by raising the subsidy cap from a maximum of $200 per passenger to a maximum of at least $650 per passenger. As of March 31, Surf Air Mobility supported 19 communities under the EAS program. The FAA Reauthorization Act requires the total cost of an air carrier's proposal to be equally weighted with other factors such as local recommendations, including frequency of service, and interline agreements. This focus on cost favors Surf Air Mobility’s low-cost Caravan fleet. Stan Little, founder of Southern Airways, highlighted that Surf Air Mobility achieved many first-quarter goals and met or exceeded guidance. He noted their collaboration with Congressional leaders from both parties to reform and expand the Essential Air Service program, aiming to benefit passengers, commuter air carriers, and taxpayers. Additionally, the company continued its electrification efforts, which are designed to benefit all stakeholders. For more information on the company’s first quarter financial results and outlook, visit investors.surfair.com. Surf Air Mobility Advances Regional Air Travel Through Electrification Surf Air Mobility Inc. (NYSE:SRFM), headquartered in Los Angeles, is dedicated to transforming regional air travel through electrification. The company partners with commercial leaders to develop innovative powertrain technology for smaller aircraft, with the goal of making regional flying more accessible and affordable while reducing environmental impact. Supported by a management team with expertise in aviation, electrification, and consumer technology, Surf Air Mobility is at the forefront of sustainable air travel innovation. In March, Surf Air Mobility signed an agreement with Auric Air Services Ltd. to upgrade up to 12 of their Cessna Grand Caravan aircraft with Surf Air ’s electrified powertrains, aiming to lower emissions and reduce operating costs. Auric Air, a Tanzania-based regional air operator, will be among the first to benefit from Surf Air 's technology once it is certified. This agreement marks a significant milestone for Surf Air, as it now has agreements covering approximately 13% of the Cessna Caravan market in Africa for electrified powertrain upgrades. Surf Air is currently developing Supplemental Type Certifications for both hybrid and fully-electric variants of the Cessna Grand Caravan. The company aims to achieve up to 50% reduction in direct operating costs and 100% reduction in carbon emissions for the fully-electric powertrain, which could have a profound impact on the aviation industry worldwide. This agreement with Auric Air follows similar agreements with other large Cessna Caravan operators in East Africa and Brazil. In February, Surf Air Mobility and Electra.aero Inc., a next-gen aerospace company, partnered to introduce affordable, sustainable, and easily accessible regional air travel. They plan to leverage Electra’s hybrid-electric short takeoff and landing (eSTOL) aircraft on Surf Air ’s technology-driven, on-demand air mobility platform, and through Surf Air ’s Aircraft-as-a-Service (ACaaS) offering to air operators. Surf Air Mobility Inc. (NYSE:SRFM) has secured early delivery positions for 90 Electra eSTOL aircraft, which will be integrated into the Surf Air national flight network, including Southern Airways Express and Mokulele Airlines. This initiative aligns with Surf Air ’s goal of supporting the launch, growth, and optimization of new electrified aircraft through its platform. The Electra eSTOL aircraft’s remarkable ability to take off and land in as little as 150 feet will enable direct-to-destination air transportation, expanding regional transportation to a broader customer base beyond what private aviation currently serves. Click on this link or read their corporate presentation to learn more about Surf Air Mobility Inc. (NYSE:SRFM). Footnotes: [1] https://finance.yahoo.com/news/surf-air-mobility-reports-first-200500326.html 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

May 16, 2024 12:15 PM Eastern Daylight Time

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Graphite and Critical Mineral Mining Boosted by $72B Fund

Graphite One Inc

The Biden administration has clarified that mining projects focused on extracting critical minerals like graphite, lithium, and cobalt are eligible for federal loan guarantees worth $72 billion. This announcement aims to support the domestic mining sector and strengthen energy and supply chains. This is welcome news to companies like Graphite One Inc (TSX-V: GPH) (OTCQX: GPHOF) which is actively addressing the domestic graphite supply shortfall in a bid to support the technology revolution. Graphite One (G1) is advancing the development of the largest graphite deposits in the United States. It has already secured two major grants from the US Department of Defense (DoD) and aims to establish a vertically integrated enterprise that mines, processes, and produces anode materials, mainly for the US lithium-ion EV battery market. To be eligible for a loan guarantee under Title 17, a project must be energy-related and located within the United States, including its territories. It must also demonstrate the ability to significantly reduce, utilize, or sequester greenhouse gases and air pollutants. The technology used should be commercially viable, and the project should have a credible repayment plan. Additionally, the application must include a community benefits analysis. Graphite One ticks the main boxes for this type of support and obtaining a loan guarantee would be a significant catalyst for the company to accelerate its graphite project. Access to additional financial backing would enable Graphite One to quickly advance its operations, boosting its role in establishing a secure domestic graphite supply chain. The Department of Energy has emphasized the need for increased mining activity due to China's dominance in this industry and the growing demand for critical minerals. The concentration of supply chains in a few countries, particularly China, poses risks and challenges for investors, businesses, and the United States as a whole. These risks include economic vulnerability, weakened energy security, and reliance on precarious foreign sources that may not adhere to high environmental or labor standards. To address these issues, the Biden administration encourages further mining exploration and development within the United States. Graphite One Inc. (TSX-V: GPH) (OTCQX: GPHOF) is strategically positioning itself to meet the surging demand for graphite, a key component in lithium-ion batteries and various technological manufacturing processes. As the adoption of lithium-ion batteries gains momentum, the demand for graphite is expected to see a dramatic increase, with projections of a 494% growth of the graphite market by 2050. The Graphite One project, being the Graphite Creek Property, includes plans for an anticipated manufacturing plant for graphite materials and battery anodes, as well as a recycling facility to recover graphite and other battery components. These facilities will be situated in Ohio and will be integrated with the development of the Graphite Creek Property in Alaska. The United States, which currently relies entirely on imports for its graphite needs, views the Graphite Creek Property as a vital solution. G1 has received considerable funding from the DoD, and its Graphite Creek project is designed to produce large amounts of battery-grade graphite to help fill a significant gap in national defense reserves. A feasibility study is currently anticipated to be completed by the end of the year 2024. Additionally, the company is working on developing a graphite and graphene-based foam fire suppressant, positioned as a safer alternative to PFAS fire-suppressant materials, in compliance with U.S. regulations. It is believed considerable effort by Senator Lisa Murkowski of Alaska, including legislation she authored, contributed to the availability of the $72 billion loan. The U.S. Department of Energy (DOE) has since updated its Title 17 loan guarantee program guidelines to include eligibility for U.S. mines that produce critical minerals. This adjustment allows these projects to access low-cost financing to boost domestic production and reduce reliance on imported minerals. Furthermore, Senator Murkowski has also publicly declared her support for Graphite One’s business plan in the past. Graphite is counted among the official US Government-listed Critical Minerals that require secure supply lines, positioning Graphite One as a strong candidate for eligibility under this federal loan guarantee program. The Graphite Creek Property, managed by G1, features the largest known natural flake graphite deposit in the U.S., encompassing 176 mining claims across over 23,600 acres. Last year, the United States Geological Survey recognized it as one of the world's largest graphite deposits. The Biden administration's decision to support mining projects for critical minerals emphasizes its commitment to revitalizing the domestic mining industry. It’s expected the DOE's new stance will enhance national security and economic stability by supporting responsible mineral extraction that adheres to stringent environmental and labor standards. Investing in critical mineral mining contributes to long-term resource security for the United States. By boosting domestic mining capabilities, investors can help secure a stable supply of critical minerals, reducing dependence on foreign countries like China. This enhances national economic stability and reduces potential risks associated with supply chain disruptions. Learn all about Graphite One and its plans to solidify a US graphite supply with an all-American battery materials supply chain solution. IMPORTANT NOTICE AND DISCLAIMER PAID ADVERTISEMENT This communication is a paid advertisement. 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Other than valuethemarkets.com, the Publisher is not affiliated, connected, or associated with, and the communication is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Publisher to any rights in any third-party trademarks other than valuethemarkets.com. AUTHORS: VALUETHEMARKETS valuethemarkets.com and Digitonic Ltd and our affiliates are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above. This article does not provide any financial advice and is not a recommendation to deal in any securities or product. News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance.ValueTheMarkets do not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above piece. ValueTheMarkets have been paid to produce this piece by the company or companies mentioned above. Digitonic Ltd, the owner of valuethemarkets.com, has been paid for the production of this piece by the company or companies mentioned above. Contact Details ValueTheMarkets +44 141 530 4080 editor@valuethemarkets.com Company Website https://www.valuethemarkets.com

May 15, 2024 07:00 AM Eastern Daylight Time

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Cepton, Inc. Secures Engineering Services Agreement with Automotive Giant Koito Manufacturing

Cepton, Inc.

Cepton, Inc. Chief Commercial Officer Mitch Hourtienne joined Steve Darling from Proactive to reveal a significant milestone as the company finalized an Engineering Services Agreement with KOITO MANUFACTURING, a renowned automotive Tier 1 partner and existing shareholder. With a legacy dating back to 1915, KOITO is a global leader in automotive lighting, boasting a network of 30 companies across 13 countries. Under the agreement, KOITO will extend $10 million in engineering services to Cepton to bolster the product development and execution of a major global OEM program. This collaboration will primarily focus on advancing Cepton's near-range lidar technology, essential for Level 4 autonomous driving capabilities in various on-road and off-road scenarios. The partnership underscores Cepton's commitment to delivering cutting-edge solutions in the autonomous driving space, leveraging KOITO's expertise and resources to accelerate product development and meet the evolving needs of OEM customers worldwide. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

May 14, 2024 02:41 PM Eastern Daylight Time

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SRIVARU Holdings completes internal testing of its PRANA 2.0 electric motorcycle

SRIVARU Holding Ltd

SRIVARU Holdings CEO Mohan Ramasamy joined Steve Darling from Proactive to share news the company has announced that it has successfully completed the internal testing of its PRANA 2.0 electric motorcycle, resulting in a full production model being submitted for final certification by applicable road and safety authorities. Additionally, the Company reports that its complete supply network is in place for production of the PRANA 2.0 upon final certification. Ramasamy told Proactive completion of the production version of Prana 2.0 marks a major milestone for SRIVARU. Following successful internal testing this news model boasts several notable features, including an expected 20% longer driving range compared to its predecessor. As a result, the PRANA 2.0 model can cover a distance of up to 250km on a single charge. The new model also includes extended battery life with components from BYD, and advanced motor technology adopted from aerospace applications. These improvements are part of SRIVARU's strategy to ensure product reliability and efficiency. Prana 2.0 is expected to reach consumers as early as the next month. Ramasamy draws from his Tesla experience and the semiconductor industry's scale for future product development and company expansion strategies. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

May 14, 2024 01:14 PM Eastern Daylight Time

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Ocean Power Technologies Demonstrates Advanced Counter Unmanned Underwater Vehicle Capability

Ocean Power Technologies Inc

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to reveal the company's recent achievement in successfully demonstrating a Counter Unmanned Underwater Vehicle capability using its Wave Adaptive Modular Vessel. These demonstrations, conducted at prominent events like the Navy League’s Sea Air Space Exhibition and the Association for Uncrewed Vehicle Systems International’s Pacific Pivot Event, highlighted the effectiveness of detecting various underwater threats, including singular and swarming micro Autonomous Underwater Vehicles. Stratmann emphasized the significance of these field demonstrations, noting that the results will also be presented at the International Mine Warfare Technology Symposium in San Diego. This demonstration underscores OPT's ability to offer a cost-effective commercial off-the-shelf solution with its Uncrewed Surface Vehicles, aligning with the mission objectives of the Department of Defense’s Replicator Initiative. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

May 14, 2024 10:18 AM Eastern Daylight Time

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Setting New Standards in Trade Finance and Logistics for the Mining Industry

MarketJar

In recent years, the commodity trading industry, especially within mining and metals, has seen a remarkable uptrend, underpinned by complex supply and demand dynamics, geopolitical influences, and currency fluctuations. These elements have not only driven significant price volatility but also introduced financial intricacies that impact market participants. The inherent volatility of these markets poses a dual challenge: it subjects traders to credit risks from potential defaults and creates liquidity constraints, complicating the acquisition of financing. This volatility is further complicated by supply chain and logistical challenges unique to the mining and metals sectors. Issues such as transportation delays, documentation inaccuracies, and stringent regulatory compliance requirements can severely disrupt trade finance transactions and inflate operational costs. These complexities are magnified in an era where the industry is on the threshold of a transformative shift towards the next normal, spurred by the global energy transition. This transition, characterized by the economic and physical integration of global food, energy, and materials systems, promises to heighten structural volatility, disrupt traditional trade flows, and redefine commodities in unprecedented ways. From a trading perspective, this evolving landscape presents a mix of opportunities and challenges, fundamentally altering commercial relationships and profitability metrics. Commodity trading value pools have witnessed substantial growth, nearly doubling EBIT from $27 billion in 2018 to an estimated $52 billion in 2021, predominantly fueled by gains in oil trading. 1 This growth trajectory continued into 2022, setting an all-time high $100 billion for gross margin. However, the path to capitalizing on these opportunities is fraught with hurdles. The past few years have underscored the market's vulnerability to spikes in volatility, triggered by the pandemic, extreme weather events, geopolitical tensions, and macroeconomic shifts. These fluctuations have rippled through various sectors, affecting not just energy but also metals, where energy inputs significantly influence production economics. One company addressing these complex issues head on is MineHub Technologies Inc. (TSXV:MHUB) (OTCQB:MHUBF), an enterprise-grade digital supply-chain platform that connects buyers, sellers, labs, and financiers in a digitally integrated workflow that is usable, shareable, verifiable and unforgeable. MineHub Revolutionizes Trade Finance and Logistics in Metals and Mining MineHub 's SaaS platform eliminates old manual processes, leading to increased efficiency, cost reduction, enhanced security, optimized working capital, and greater transparency across global supply chains. Global mining giants like Capstone Copper, Sumitomo Corporation, and Codelco have already adopted MineHub 's platform for logistics, compliance, trade management, and financing operations. On May 14, MineHub Technologies Inc. (TSXV:MHUB) (OTCQB:MHUBF) announced a partnership with Surecomp Business Solutions, a leader in cloud-based trade finance solutions. This collaboration is set to revolutionize the digitization of trade finance in the commodities sector by integrating MineHub 's platform with Surecomp's RIVO. This move is poised to unlock new efficiencies, transparency, and security in trade finance within the commodities sector, providing users with enhanced capabilities such as streamlined document management, real-time visibility into trade finance processes, ESG compliance tracking and mitigation of fraud risks. MineHub has also signed several new clients this year including a services agreement with a large Canadian bank to deploy its Consignment Module for managing non-ferrous metals transactions. Announced on March 27, this will be MineHub 's first major customer in the finance sector, laying a foundation for future growth and new revenue streams. Collaborating with one of North America's largest banks not only validates MineHub ’s supply chain solutions but also expands its market reach. On March 19, the company expanded its partnership with Sumitomo, which involves integrating Sumitomo’s refined copper business onto the Minehub Platform, starting with key customers in the Asian market. Sumitomo will support sales efforts for the refined platform, highlighting its confidence in MineHub 's capabilities to deliver value in the metals market. As MineHub continues to drive innovation and expand its offerings, it is poised to play a pivotal role in shaping the future of the metals and mining sector. Click here to learn more about MineHub Technologies Inc. (TSXV:MHUB) (OTCQB:MHUBF). Footnotes: [1] https://www.mckinsey.com/industries/electric-power-and-natural-gas/our-insights/the-future-of-commodity-trading 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 set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Minehub Technologies Inc. Market Jar Media Inc. has or expects to receive from Minehub Technologies Inc.’s Digital Marketing Agency of Record (Native Ads Inc) one thousand seven hundred USD for this article. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Minehub Technologies 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 Minehub Technologies Inc.’s industry; (b) market opportunity; (c) Minehub Technologies Inc.’s business plans and strategies; (d) services that Minehub Technologies Inc. intends to offer; (e) Minehub Technologies Inc.s milestone projections and targets; (f) Minehub Technologies Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Minehub Technologies Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Minehub Technologies 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 Minehub Technologies Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Minehub Technologies Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Minehub Technologies Inc.’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) Minehub Technologies Inc.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Minehub Technologies 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) Minehub Technologies 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 Minehub Technologies Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Minehub Technologies Inc.’s business operations (e) Minehub Technologies Inc. may be unable to implement its growth strategy; and (f) increased competition.Except as required by law, Minehub Technologies 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 Minehub Technologies 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 Minehub Technologies 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 Minehub Technologies Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Minehub Technologies Inc. or such entities and are not necessarily indicative of future performance of Minehub Technologies 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

May 14, 2024 07:00 AM Eastern Daylight Time

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Ilika CEO discusses £3.4 million capital raise to fund development of Goliath solid-state batteries

Ilika PLC

Ilika PLC CEO Graeme Purdy joined Proactive's Stephen Gunnion with details of a share placing and open offer to retail investors aimed at raising up to £3.4 million. Purdy explained the capital injection is targeted at furthering the development of its Goliath technology. The company recently entered into a 12-month collaboration with Tata Group subsidiary Agratas to evaluate Goliath technology, during which Ilika intends to achieve its remaining milestones. Additionally, Ilika plans to use the funds to upgrade its dry room facilities to handle moisture-sensitive materials more effectively. This involves lowering the dew points to reduce environmental humidity, crucial for its leading-edge battery development. The capital will also help in enhancing its testing facilities to accommodate larger battery sizes, which are necessary to meet increased power requirements and customer expectations. Purdy highlighted key achievements including reaching the D4 development point and approaching the D8 milestone, which is set for Q1 2025. The advancements aim at achieving lithium-ion energy density parity and improving battery performance. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 13, 2024 10:40 AM Eastern Daylight Time

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