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Avation advances its fleet with low emission aircraft and strategic financial moves

Avation PLC

Avation PLC executive chairman Jeff Chatfield joins Proactive's Stephen Gunnion with more on the company that that specialises in leasing modern commercial passenger aircraft to global airlines. The company's business model involves purchasing, financing, and trading aircraft, with customers including EasyJet, AirBaltic, and several others across various continents. Avation's fleet comprises three main sectors: widebody, narrowbody, and regional aircraft, with a focus on low CO2 emission models adaptable to sustainable aviation fuel. Chatfield said Avation has exercised purchase rights for ten new ATR aircraft with plans for future deliveries spread over the next ten years. This move aligns with their environmental strategy, emphasising aircraft that support reduced carbon emissions. Additionally, the company manages a young fleet, which contributes to its market strength, particularly as industry demand surges post-COVID due to supply constraints from manufacturers like Boeing and Airbus. Chatfield noted that Avation is also restructuring its capital by repurchasing bonds and reducing debt, aiming to optimise its financial leverage and benefit shareholders. Contact Details Proactive UK Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

May 15, 2024 03:00 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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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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New Tech Paves the Way for Faster Airport Security

MarketJar

Airport security delays and operational disruptions are becoming an increasingly common headache for travelers around the globe, often leading to missed flights and mounting frustrations. A recent incident at Birmingham Airport vividly illustrates this growing problem. Lucy Kenneally and her boyfriend Matthew experienced the chaos firsthand when they endured a staggering four-hour wait in the security line and ultimately missed their flight. 1 Days later, Gatwick Airport faced significant delays after a fire alarm in the South Terminal prompted a full evacuation, causing passengers to be stuck on the runway and leading to a cascading effect of delayed departures. 2 Of course, these are just a few examples that highlight a much bigger issue. In reality there are thousands of delayed flights every day across the US and up to 20,000 delays every single day around the world. The problem has gotten so bad that the Biden administration has developed a new rule to address one of the most pressing travel grievances: flight delays. 3 Announced in late April, the rule mandates airlines to provide automatic refunds for delays that disrupt travelers' plans significantly, reflecting a major shift towards enhancing passenger rights. Another major issue that demands an urgent solution are airport security breaches. According to the US Transportation Security Administration (TSA), there have been at least 300 instances of people bypassing parts of airport security in the last year. 4 These security concerns are coming to light at a time when the TSA is working to solve airport security issues by upgrading checkpoints with more advanced technology developed by AI security company Liberty Defense Holdings (TSXV:SCAN) (OTCQB:LDDFF). Liberty Defense specializes in advanced security solutions tailored for areas with high pedestrian traffic and heightened security needs, including airports, stadiums, and educational institutions. The company's flagship product, HEXWAVE, licensed from the Massachusetts Institute of Technology (MIT), offers discreet, scalable protection that detects both metallic and non-metallic weapons. Revolutionizing Airport Security with Advanced Technology Liberty Defense Holdings (TSXV:SCAN) (OTCQB:LDDFF) has successfully deployed HEXWAVE across various market verticals and signed several large contracts with airports around the globe. The company also inked a $3.8 million contract with the TSA for its High-Definition Advanced Imaging Technology (HD-AIT) Wideband Upgrade Kit to improve detection capabilities and enhance the passenger experience. On May 13, Liberty Defense announced that its HEXWAVE system has been selected by the Frederick Douglass Greater Rochester International Airport (ROC) to enhance the TSA’s Aviation Worker Security Screening. ROC, a vital transportation hub serving about 2.4 million passengers annually with 120 daily flights, is now the first U.S. airport to integrate HEXWAVE into its security operations. This deployment marks a notable step in using advanced technology to bolster airport security and operational efficiency. “As industry leaders, we are excited to be the first airport in the United States to acquire the HEXWAVE system to use in our broader airport security program,” said Deputy Director at the Frederick Douglass Greater Rochester International Airport Andrew Moore. “ We will use the HEXWAVE to provide enhanced security and an improved screening experience in non-traditional areas of the airport. We are excited to work with Liberty Defense as we are continually looking to innovate and improve the overall safety of our airport.” Unlike traditional weapon detection technologies, HEXWAVE utilizes millimeter wave technology, advanced 3D imaging, and AI to detect a wide range of concealed metallic and non-metallic threats—including liquid, powder and plastic explosives, and 3D printed ghost guns—without requiring passengers to remove common items like belts and shoes. This capability allows for a faster, more seamless screening process, enhancing the flow of traffic and reducing bottlenecks at security checkpoints. Liberty Defense is also expanding into international markets, announcing a recent shipment of its HEXWAVE™ system to Amsterdam’s Schiphol Airport in the Netherlands and Subic Bay Airport in the Philippines. Click here for more information about Liberty Defense (TSXV:SCAN) (OTCQB:LDDFF). [1] https://nypost.com/2024/05/06/lifestyle/england-airports-15-minute-security-wait-turns-into-4-hour-nightmare/ [2] https://www.dailymail.co.uk/news/article-13399237/Chaos-London-Gatwick-airport-passengers-evacuated-South-terminal-fire-alarm-goes-amid-fears-flight-delays-inevitable.html [3] https://www.vox.com/politics/24147613/flight-delay-refund-white-house-rule [4] https://www.washingtonpost.com/travel/2024/04/04/airport-security-tsa-stowaway/ Disclaimer 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, Liberty Defense Holdings Ltd. Market Jar Media Inc. was paid $1,500 for the production and publishing of this article by Liberty Defense Holdings Ltd.’s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.’s engagement by Liberty Defense Holdings Ltd.’s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-scan. 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 Liberty Defense Holdings Ltd.’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 Liberty Defense Holdings Ltd.’s industry; (b) market opportunity; (c) Liberty Defense Holdings Ltd.’s business plans and strategies; (d) services that Liberty Defense Holdings Ltd. intends to offer; (e) Liberty Defense Holdings Ltd.’s milestone projections and targets; (f) Liberty Defense Holdings Ltd.’s expectations regarding receipt of approval for regulatory applications; (g) Liberty Defense Holdings Ltd.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Liberty Defense Holdings Ltd.’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 Liberty Defense Holdings Ltd.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Liberty Defense Holdings Ltd.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Liberty Defense Holdings Ltd.’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) Liberty Defense Holdings Ltd.’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 Liberty Defense Holdings Ltd. 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) Liberty Defense Holdings Ltd.’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 Liberty Defense Holdings Ltd.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Liberty Defense Holdings Ltd.’s business operations (e) Liberty Defense Holdings Ltd. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, Liberty Defense Holdings Ltd. 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 Liberty Defense Holdings Ltd. 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 Liberty Defense Holdings Ltd. 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 Liberty Defense Holdings Ltd. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Liberty Defense Holdings Ltd. or such entities and are not necessarily indicative of future performance of Liberty Defense Holdings Ltd. 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 13, 2024 08:30 AM Eastern Daylight Time

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Boeing’s Chairman is Leaving Under a Cloud – So Why Does Exxon Want Him on Their Board?

NLPC

In a case of corporate elitists’ blindness at best, and ineptitude in governance at worst, Exxon Mobil Corporation’s directors have renominated Lawrence “Larry” Kellner, who is also the departing Chairman of the crisis-plagued Boeing Company, to their own board. Kellner, a former Continental Airlines Chairman/CEO, left the now-defunct (merged with United) company in late 2009 and joined Boeing’s board of directors in 2011. He was elevated to chairman in late 2019, and his tenure has been marked with failures both financial and reputational. As anyone who follows air travel news knows, Boeing has likely endured the worst year of any U.S.-based corporation due to numerous troubling safety incidents, with the penultimate occurrence in January, when a door plug blew off an Alaska Airlines flight at 16,000 feet, imperiling passengers and crew. In addition to that high-profile episode, Kellner has presided over a cascade of devastating headlines related to Boeing’s quality and safety record. It’s gotten so bad that now every airliner performance glitch, regardless of the responsible party, is now headlined as a “Boeing plane” incident. Yet, inexplicably, ExxonMobil wants Kellner to serve another year on its board, which he joined in 2023. As a result, National Legal and Policy Center, a shareholder in both Boeing and Exxon, is calling for fellow investors to vote against Kellner for the energy company’s annual meeting on May 29. “It’s incredible to have to even ask, but after the last five years-plus that Boeing has had, Larry Kellner is properly leaving its board – so why do Exxon directors think he deserves a seat with them?” said Paul Chesser, director of NLPC’s Corporate Integrity Project. “Is this about strong governance to protect shareholder assets, or just keeping the social club together until something catastrophic happens – like what just happened at Boeing?” Earlier this week NLPC filed a proxy memo with the Securities and Exchange Commission which further explained why it believes Kellner has no business serving on a corporate board at this time, much less the largest U.S.-based energy company in the world. Kellner, along with exiting CEO Dave Calhoun, were supposed to be the leadership pair to improve Boeing’s performance after the firing of previous CEO Dennis Muilenburg. Instead the company’s performance only worsened, with its stock price being almost halved since Kellner took over as Chairman. NLPC also released a short video on Thursday that highlights Boeing’s mishaps under Kellner’s leadership, and questions why ExxonMobil would want to keep him on its governance team. The oil giant’s board, in exhibiting the ultimate in tone-deafness, even plans to keep Kellner on the company’s safety committee! “There’s a reason Larry Kellner is leaving Boeing’s board, and that reason is failure,” Chesser added. “Exxon is not in business so it can provide soft landings for mediocre executives. Nonetheless his colleagues put him on the proxy ballot for the board, so our fellow shareholders should do the right thing and vote against him.” ### 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

May 09, 2024 09:49 AM Eastern Daylight Time

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Seeing Machines advances with strategic expansions and strong quarterly performance

Seeing Machines Ltd

Seeing Machines Ltd CEO Paul McGlone joins Proactive's Stephen Gunnion with an update on the company's progress and key developments. McGlone highlighted the expansion with an existing US customer and a tier 1 supplier, driven by increasing regulatory requirements in Europe, which signifies a significant development for the company. This expansion includes new technology integrations and a stronger foothold in the European market, alongside additional volume in China. Further, McGlone discussed the company's recent performance following their third-quarter results, noting a return to normal production levels and the launch of a new major vehicle program. This contributed to Seeing Machines producing over 300,000 vehicles in the quarter, supporting a year-on-year growth rate of 100%. This performance reassured investors of the company's growth trajectory. Additionally, McGlone outlined the launch of their biggest ever production award with a significant European OEM, which includes a comprehensive interior sensing capability for driver and occupant monitoring. This project is seen as a major technical achievement and is expected to notably increase growth rates. McGlone also touched on the aftermarket segment, particularly their Guardian Connections system for trucks and buses, which showed consistent growth and is set to expand further with the rollout of their third-generation product. Lastly, McGlone reaffirmed the company's financial targets for 2024 and their aim to achieve cash break-even in 2025, indicating strong momentum across various business areas, including automotive, aviation, and fleet services. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 09, 2024 07:06 AM Eastern Daylight Time

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Introducing the New Ryvid Outset Electric Motorcycle and Extremely Accessible New Pricing

Ryvid, Inc

The Ryvid Outset adds an exciting second model to the lineup of the California-based company, which was founded in 2022 and began deliveries of the first Ryvid Anthem Electric Motorcycles in September 2023. The scrambler-style Outset is a striking option for customers wanting an electric motorcycle for commuting and multi-road adventure. What’s more, because Outset shares a number of key components with Anthem, it opens a unique opportunity for riders to convert one into the other to suit their needs. Offering greater suspension travel to deal with challenging surfaces as well as a longer, narrower motocross-style seat, and fitted with multi-role Dunlop Mutant tires, the Ryvid Outset is perfect for urban exploration and beyond. It shares the Anthem’s rigid folded steel backbone frame, instrument display, removable 4.3kWh battery with integrated charger, 72V air-cooled brushless DC motor, controller, and sealed belt drive. The Outset’s vital statistics include up to 70 miles range* and 75mph+ top speed. As such, riders need a motorcycle license to ride the Outset and Anthem, which offer motorcycle brake positions and a twist throttle. Outset has a 33” seat height but its compliant suspension and narrow cushion means it will comfortably accommodate a range of riders. Further differentiating it from Anthem, Outset gets its own headlight design, mirrors, wider handlebar, seat unit and suspension. The more upright riding position also necessitated repositioning the footpegs forward and adding a longer kickstand. By removing the Anthem’s adjustable seat mechanism and employing less body panels among a raft of changes, Ryvid has been able to offer Outset at $500 less than its flagship Anthem. Weighing just 315 lb, the Outset shares the Anthem’s featherweight architecture and low center of gravity. With its major components positioned at axle level, both the Outset and Anthem exhibit extraordinary handling characteristics, making it extremely easy to change direction at high speed or maneuver at slow speed. Another benefit of electric power is the Ryvid Reverse Gear. At the push of a button when stopped, the rider is able to move the motorcycle backwards at walking speed to extricate it from perhaps a tight parking position or awkward slope. ACCESSIBLE PRICING Originally priced at $8,995, Ryvid has been able to significantly reduce the Anthem price to $6,495 and introduce the Outset at $5,995 thanks to a number of factors. “From Ryvid's inception, our primary goal has been to provide the most accessible light electric vehicle to a broad audience. In order to disrupt the light electric mobility sector, it was essential to not only innovate our products but also our value proposition,” said Dong Tran, Ryvid Founder and CEO. “Creating a new generation of two-wheel electric adopters meant competing effectively on the specification-versus-price ratio against both existing EVs and traditional ICE vehicles. Achieving competitive pricing would be challenging until we could execute several key post-launch initiatives,” he continued. Among those initiatives, a new assembly facility in San Bernardino, CA has been key to the aggressive pricing structure. Coming online in February, its introduction allowed Tran’s targets to be met: 1. Increase production volume to negotiate lower parts costs 2. Expand the product range using the same platform, simplifying both the build process and product configurations 3. Optimize the supply chain to benefit cost and logistics “Our team has focused on reaching these objectives over the past two years,” Tran continued. “Their relentless efforts have reached a milestone with the Ryvid Anthem. Available now, it will sell for $6,495, setting a new benchmark as one of the world's most affordable electric motorcycles, based on specification. We're also excited to announce the launch of orders for our new Outset model priced at $5,995, with shipping scheduled to begin in Summer 2024.” As an additional incentive for the first customers, Outset will be offered with a free Power Controller Upgrade by ASI while supplies last. The same ASI controller will be available as an $800 upgrade for all Anthem and Outset owners, and can be retro-fitted to existing Anthem motorcycles. MODULAR DESIGN In yet another industry first from Ryvid, existing owners of the Anthem Electric will be able to purchase the parts necessary to convert their motorcycle into the new Outset model at a fraction of the price of the complete machine thanks to its shared components. The conversion parts will be available from the Interactive 3D Parts Catalog at ryvid.com, which currently lists every part of the Anthem for service or repair, and will soon be joined by Outset-specific parts. A list of parts and instruction video will be provided to guide Anthem owners when converting their Outset, and vice versa. With the option to customize the Ryvid motorcycle into a totally different machine, creating a distinct new character, owners will be able to build the bike that suits their needs or even their mood. AVAILABLE TO ORDER Riders can visit ryvid.com to order the new $5,995 Outset for Summer delivery in either Sector Red or Vapor Grey, or the $6,495 Anthem for immediate delivery in a choice of six colors. Riders must have a motorcycle license in order to ride both the Anthem and Outset. *Range is currently estimated until the Ryvid Outset is subjected to the Urban Dynamometer Driving Schedule to establish recognized city and highway range figures, which will be shared shortly at ryvid.com. Battery range may vary and can depend on conditions such as rider weight, speed, temperature, wind, tire pressure, terrain, incline, etc. RYVID OUTSET SPECS Power System: 72V air-cooled, brushless, DC motor, removable 4.3kWh Lithium-Ion battery with integrated 3.3kW charger Power: rated at 10hp (7.5kW), peak power 20hp (14kW) Peak Torque: 53 ft-lb Drivetrain: clutchless Direct Drive transmission, 4.7:1 ratio Continental Synchroforce Carbon drive belt, selectable reverse gear limited to 5mph Charging time: 110V – 0-80% in 2.3hr, 0-100% in 3.25hr. 220V or Level 2 adapter – 0-80% in 1.3hr, 0-100% in 1.85hr Range: up to 70 miles (Eco Mode) Speed: 75+ mph Ride modes: Sport Mode, Eco Mode with regenerative braking, cruise control, Reverse Drive limited to 5mph Frame: lightweight, folded stainless steel, 12 lb Tires: Dunlop Mutant Brakes: hydraulic four-piston front caliper with 320mm rotor, twin-piston rear with 240mm rotor Suspension: inverted front fork, preload and damping adjustable, 6.5” travel. Rear monoshock, preload and damping adjustable, 1.8” travel Weight: 315 lb with battery Carrying capacity: 330 lb Wheelbase: 52” Rake & Trail: 26 degrees, 6” Seat height: 33” Rider display: 4.9” TFT display Price: $5,995 Colorways: Sector Red or Vapor Grey Warranty: limited lifetime on frame, 2 years limited on motorcycle parts & battery EDITOR’S NOTE High-resolution images of the Ryvid Outset and Anthem are available at ryvid.com/pages/media-room A Ryvid Outset video is available to view and share here: youtu.be/dJk8pev-Qic?si=xQhIVzmJjEtpKlx- Editorial staff wishing to ride the Ryvid Anthem or Outset should please use the Media Contact below. ABOUT RYVID Ryvid is a cutting-edge manufacturing corporation in the high-growth field of Electric Light Vehicles. Founded by enthusiasts, engineered by innovators, and designed by aerospace industry gearheads, the Ryvid mission is to create more sustainable and enjoyable personal mobility. The company name was derived by merging Rhythm and Avid; elements of motion and emotion that define the experience of using our products. Ryvid produces revolutionary, lightweight, affordable electric motorcycles with a significantly lower carbon footprint than its competitors. With the same innovation applied to all models, Ryvid is poised to revolutionize urban commuting. Ryvid products are designed and assembled in California. For further information, please visit ryvid.com The Ryvid Anthem is available for delivery now at $6,495. The new Ryvid Outset is available at $5,995, with deliveries beginning Summer 2024 Contact Details Greg Emmerson greg@theidagency.com Company Website https://ryvid.com/

May 07, 2024 06:10 AM Pacific Daylight Time

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