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Pilotless Planes Are Coming, But Not Just Yet, Says New Horizon Aircraft CEO

Benzinga

By James Blacker, Benzinga Autonomous vehicles have captured the imagination of consumers in recent years. With billions of dollars invested into making driverless cars a reality, companies like Tesla (NASDAQ: TSLA) have taken the lead in pushing this technology forward. What many don’t know, however, is that the aviation industry is also on the brink of an autonomous revolution, with the market for autonomous aircraft projected to be worth some $22.71 billion by 2030. One company using its aviation expertise to take on this challenge is Horizon Aircraft (NASDAQ: HOVR). The company, led by CEO Brandon Robinson, is seeking to shake up the future of air travel with its groundbreaking hybrid electric vertical takeoff and landing (eVTOL) aircraft, the Cavorite X7. In a recent interview with Benzinga, Robinson, a former CF-18 fighter pilot, spoke about the use of autonomous technology in aviation, whether there will still be a role for human pilots and the company’s strategy for leading this transformation. Autonomous Flight Tech And The Need For Pilots As Robinson points out, commercial aircraft are already somewhat autonomous, with most commercial airliners able to fly and land autonomously. Despite this, most commercial aircraft still require not one but two pilots present in the cockpit. "The air environment is very complicated and unforgiving. There are many unforeseen circumstances that often arrive, and it has been historically important to have a human in control of the aircraft in order to properly analyze the myriad of possibilities and choose an action that prioritizes safety," he explained. However, while we might not be getting rid of pilots just yet, the industry could be on a path to pilotless flight within a decade. Robinson notes that “many commercial aircraft are largely completely autonomous now, with several able to fly the majority of the route, land and stop on the runway without any human pilot intervention. It is logical to assume that eventually, the system may evolve to have human pilots trained only in a remote monitoring role." Horizon Aircraft’s Medium-Term Outlook While the technology for fully autonomous flight is still developing, Horizon Aircraft is focusing on piloted aircraft for the foreseeable future, recognizing that customer comfort and trust are paramount. However, the company is already preparing for a future where autonomous air travel could become the norm. Its current eVTOL prototype, the Cavorite X7, is equipped with advanced sensors and fly-by-wire systems that set the stage for a potentially smooth transition to autonomy when the time is right. Long-Term Future: Autonomous Air Taxis In the long term, Robinson sees an exciting future for autonomous flight where pilotless air taxis are as routine as taking an Uber (NYSE: UBER). Aside from the futuristic aesthetic, the potential benefits of urban air travel are massive – by taking advantage of the “third dimension” of the sky, air taxis can bypass ground traffic, stack at different altitudes and reduce congestion. This ability to keep aircraft separated improves safety and efficiency when compared to driving on roads. Cavorite X7 Latest Developments Horizon Aircraft’s Cavorite X7 is an eVTOL, which means it can take off and land vertically – just like a helicopter. The company reports that what makes this eVTOL unique is its ability to reconfigure its wings en route to fly like a traditional aircraft, using Horizon’s patented HOVR Wing technology. This wing reconfiguration allows it to fly twice as fast as a helicopter and more efficiently. It also uses a hybrid-electric main power system, which allows it to recharge its battery array in flight and after landing. The Cavorite X7 has already proven to perform well in hover and in slow forward flight. The company’s current flight-testing program is focused on flying at higher speeds and reaching “transition speed,” at which point the wings can reconfigure. Earlier this year, Horizon announced a number of promising technical updates on the development of its prototype, including the validation of its patent-pending yaw control system, as well as the start of production and testing of its full-scale core vertical lifting fan technology. With progress on the technology gaining momentum, Robinson is confident that Horizon can soon make its vision a reality. “For the past few years there have been many groups questioning the reports calling for explosive growth across the industry. We’re now seeing technology and advanced air mobility companies mature to the point that this optimism can be justified,” said the CEO. Watch the complete interview with Benzinga here: https://www.youtube.com/live/rnLgQdMaAPM?t=10351s Read more about New Horizon Aircraft: On The Horizon: How One Company Plans To Use Its Innovative Aircraft Design To Revolutionize Regional Air Travel New Horizon Aircraft (NASDAQ: HOVR) Announces Key Technical Updates On Development Of eVTOL Prototype From Stage To Stage: How New Horizon Aircraft's eVTOLs Could Simplify Tour Logistics For Taylor Swift Sustainably Featured photo by Kim Hunter from Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 15, 2024 08:45 AM Eastern Daylight Time

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NAVEX to Demystify IT Risk Communication at ISACA GRC Conference

NAVEX Global

NAVEX, the global leader in integrated risk and compliance management software, will deliver a key session at the upcoming ISACA Governance, Risk, and Control (GRC) Conference in Austin, Texas, August 12-14, 2024. The session, " Getting Our Wires Crossed: How to Speak IT Risk as a Compliance Professional," will be presented by Kyle Martin, Vice President of GRC Solutions at NAVEX, and Robert Clark, Chief Audit and Compliance Officer at Howard University. In an era where cybersecurity threats and regulatory pressures are at an all-time high, the ability to effectively communicate IT risks across organizational silos has become a critical skill for compliance professionals. Attendees can join the session, CS 7–4, on August 13th at 11:00 to gain valuable insights into: Understanding and translating risk and compliance terminology. Evaluating program maturity levels and their organizational implications. Assessing risks and controls across all business facets, including third-party risk management. Crafting compelling IT risk reports for executive teams and board directors. "In today's interconnected business environment, the ability to translate IT risk insights into compelling narratives for CEOs is no longer optional—it's essential," said Kyle Martin. "As a result, this session aims to empower compliance professionals with the tools they need to navigate this critical intersection confidently." The ISACA GRC Conference, now in its 11th year, brings together leading minds in governance, risk management, and control to provide world-class content and practical guidance. NAVEX's participation underscores its commitment to advancing the field of integrated risk and compliance management. For more information about NAVEX's participation in the ISACA GRC Conference 2024 or to schedule an interview with the speakers, please contact Senior Public Relations Manager, Scott Levesque at scott.levesque@navex.com. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details Navex Global scott.levesque@navex.com Company Website https://navex.com

August 06, 2024 08:00 AM Eastern Daylight Time

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US Graphite One Secures Lucid Motors Supply Agreement

Graphite One Inc

Graphite One Inc. (TSX-V: GPH) (OTCQX: GPHOF) is proud to report that it has entered into a non-binding supply agreement with Lucid Group Inc. (NASDAQ: LCID) for anode active materials (AAM). This is a significant development for Graphite One as a supply agreement with a high-profile company like Lucid provides credibility and reassurance. Lucid is the maker of the world's most advanced electric vehicles while G1 is planning a complete domestic U.S. supply chain for advanced graphite materials. This landmark collaboration marks the first synthetic graphite supply agreement between a U.S. graphite developer and a U.S. EV company. Peter Rawlinson, CEO and CTO at Lucid, said: "We are committed to accelerating the transition to sustainable vehicles and the development of a robust domestic supply chain ensures the United States, and Lucid, will maintain technology leadership in this global race, Through work with partners like Graphite One, we will have access to American-sourced critical raw materials, helping power our award-winning vehicles made with pride in Arizona." Meanwhile, Anthony Huston, President and CEO of Graphite One, said: "This is a historic moment for Graphite One, Lucid and North America: the first synthetic graphite Supply Agreement between a U.S. graphite developer and U.S. EV company, G1 is excited to continue pushing forward developing our 100% U.S. domestic supply chain. We appreciate the support from our investors and the grant from the Department of Defense. Subject to project financing required to build the AAM facility, the Supply Agreement with Lucid puts G1 on the path to produce revenue in 2027, and that's just the beginning for Graphite One as we work to meet market demands and create a secure 100% U.S.-based supply chain for natural and synthetic graphite for U.S. industry and national security." This groundbreaking agreement follows Graphite One's recent selection of a site for its proposed AAM facility. Located at a brownfield site in Warren, Ohio, this site was previously used by the U.S. Government to stockpile National Defense critical minerals. It is situated in the heart of the automobile industry, in an area with ample low-cost electricity produced from renewable energy sources. The site's existing power lines are sufficient for Graphite One's Phase 1 production target of 25,000 tonnes per year (tpy) of battery-ready anode material, and land is available for follow-on phases to ramp to 100,000 tpy of production. Discover more about Graphite One's plans to transform the U.S. graphite industry. Graphite One's Domestic Supply Chain Strategy With the United States currently 100% import-dependent for synthetic and natural graphite, Graphite One is developing a complete U.S.-based, advanced graphite supply chain solution anchored by its Graphite Creek deposit, recognized by the U.S. Geological Survey as the largest graphite deposit in the U.S. "and among the largest in the world 1." Developing a U.S.-based advanced anode material manufacturing plant is the second link in the company's comprehensive plan to create a fully domestic graphite supply chain. Here, in Ohio's emerging "Voltage Valley," G1 intends to become the first vertically integrated producer to serve the U.S. EV battery market as it produces high-quality anode materials for lithium-ion batteries and energy storage systems. The plan also includes a recycling facility to reclaim graphite and the other battery materials, to be co-located at the Ohio site, representing the third link in Graphite One's circular economy strategy. Terms of the G1-Lucid Supply Agreement The Supply Agreement is non-binding providing for 5,000 tonnes per annum (tpa) of anode material to Lucid once Graphite One commences production. The initial term is for 5 years, subject to earlier termination. Sales are based on an agreed price formula linked to future market pricing as well as satisfying base case pricing agreeable to both parties. The Supply Agreement is subject to other terms, conditions and termination rights standard for an agreement of this nature. About Lucid Motors California-based Lucid Group is focused on creating the world's most advanced electric vehicles. The company's flagship vehicle, Lucid Air, delivers best-in-class performance and efficiency starting at $69,900 and has been recognized with a number of leading awards, including MotorTrend 2022 Car of the Year, World Luxury Car of the Year, and Car and Driver 10 Best. Lucid is preparing its state-of-the-art, vertically integrated factory in Arizona to begin production of the Lucid Gravity SUV. About Graphite One With the plan to create three integrated operational pillars, G1 is on a mission to become a significant player in the U.S. graphite supply chain as its future plans are to mine, process, manufacture, and recycle graphite anode materials. It is anticipated that this will primarily supply the U.S. lithium-ion EV battery market and energy storage systems. As set forth in the company's 2022 pre-feasibility study 2, graphite mineralization mined from the company's Graphite Creek property in Alaska would be processed into concentrate at an adjacent processing plant. Then, natural and artificial graphite anode active materials and other value‐added graphite products would be manufactured from the concentrate and other materials at G1's proposed manufacturing facility in Ohio. Graphite One intends to make a production decision on the project upon the completion of its feasibility study. The powerful backing of the United States Government validates G1's ambitious plans. In addition to a White House invitation, G1 has already received two significant government grants from the Department of Defense (DoD). The first grant is an exceptional $37.5 million towards its feasibility study 3. The second is an impressive $4.7 million to develop a graphite-based foam fire suppressant 4. Better still, substantial Federal support for the industry continues, which G1 plans to also tap into 5. Graphite One's triple-faceted domestic supply chain solution is strategically designed to reduce U.S. dependency on China for graphite. With its forward-thinking approach, Graphite One is not just planning to meet current market demands but also anticipating the future needs of a tech-driven world. Its high-quality graphite materials are anticipated to meet the growing demands of electrification, catalyze sustainable development, and pave the way for the next generation of technological breakthroughs. G1's management team excels in mine construction, process control design, and facility management. Their extensive expertise ensures efficient operations and a commitment to cost efficiency to maximize profitability. Graphite One has assembled a team of individuals who are not just capable but are ready to drive business growth and deliver enduring value to stakeholders over the long term. DISCOVER MORE ABOUT GRAPHITE ONE Data Sources: Springer. Insights into the metamorphic history and origin of flake graphite mineralization at the Graphite Creek graphite deposit, Seward Peninsula, Alaska, USA, February 27, 2023. https://link.springer.com/article/10.1007/s00126-023-01161-3 Graphite One. Pre-Feasibility Study Report, October 13, 2022. https://www.graphiteoneinc.com/pfs/ Graphite One Inc. Graphite One awarded $37.5 million Department of Defense grant under the Defense Production Act. July 17, 2023. https://www.graphiteoneinc.com/graphite-one-awarded-37-5-million-department-of-defense-grant-under-the-defense-production-act/ Graphite One Inc. Graphite One awarded US$4.7 million contract by U.S. Department of Defense's Defense Logistics Agency to develop graphite-based foam fire suppressant. September 11, 2023. https://www.graphiteoneinc.com/graphite-one-awarded-us4-7-million-contract-by-u-s-department-of-defenses-defense-logistics-agency-to-develop-graphite-based-foam-fire-suppressant Murkowski Senate. U.S. Critical Mineral Projects Eligible for DOE Loan Guarantees After Push from Murkowski, December 2023. https://www.murkowski.senate.gov/press/release/us-ciritical-mineral-projects-eligible-for-doe-loan-guarantees-after-push-from-murkowski IMPORTANT NOTICE AND DISCLAIMER PAID ADVERTISEMENT This communication is a paid advertisement. ValueTheMarkets is a trading name of Digitonic Ltd, and its owners, directors, officers, employees, affiliates, agents and assigns (collectively the “Publisher”) is often paid by one or more of the profiled companies or a third party to disseminate these types of communications. In this case, the Publisher has been compensated by Graphite One Inc. to conduct investor awareness advertising and marketing and has paid the Publisher the equivalent of fifty thousand US dollars per month for a 12-month period starting 24 April 2024 until 23 April 2025 to produce and disseminate this and other similar articles and certain related banner advertisements. 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July 31, 2024 07:00 AM Eastern Daylight Time

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Battery-Swapping Stocks Are Trending: Here’s Why U Power Is On The List

Benzinga

By Meg Flippin, Benzinga Electric vehicle (EV) battery-swapping services are taking off as the industry seeks ways to overcome barriers to widespread adoption. Getting stuck because of a dead battery is a big one. The time it takes to get charged up is another. Battery swapping fixes that, enabling drivers to have a full charge in minutes. It also makes owning an EV cheaper. The customer has to purchase the vehicle body and lease the battery pack. According to some estimates, that could save drivers thousands of dollars. All of this is driving this burgeoning industry and its players. U Power Ltd (NASDAQ: UCAR), the Chinese EV power solution company, is one of them. It is going after the market with its advanced UOTTA technology that enables consumers and fleet operators to replace dead EV batteries with fully charged ones in under five minutes. That alone is a big deal, but U Power also offers a battery-swapping ecosystem which includes building the infrastructure through to managing it. U Power Takes On The Competition U Power has some impressive competitors including Nio (NYSE: NIO) the Chinese EV maker, CATL, the leading Chinese EV battery producer and Ample, a San Francisco battery-swapping station start-up. But this isn't stopping U Power from seeing double-digit growth. The company credits that with its ecosystem of services, which it says its competitors don’t have. U Power is also differentiating itself with the customers it is courting. Last year, U Power's UOTTA ecosystem achieved industry-leading full product coverage for commercial vehicles. This coverage spans a wide range of vehicles from long-haul buses to light passenger vehicles, and container tractors to small trucks. U Power offers customized solutions tailored to customer needs. Setting The Standards Then there’s U Power’s partnerships, which will be key to the growth of this market. Battery-swapping is in its infancy and in the beginning the government will play a role in helping develop the market, but eventually the private sector will take over. Companies with broad partnerships with vehicle manufacturers and operators will have a seat at the table when it comes to setting battery-swapping technology standards. That will give them a lead in the market and they could emerge as the company others look to. U Power is among those standard-setting companies, spearheading the initiative. The company’s strong network of partnerships puts U Power in a position to expand the market. Those partnerships include a deal with Dutch electric vehicle company UNEX to provide battery-swapping vehicles and swapping station services to Associação Nacional dos Transportes Rodoviários em Automóveis Ligeiros (ANTRAL), a partnership with Cornerstone Technologies Holdings Limited, a leading EV charging solution provider and charge point operator based in Hong Kong, to jointly explore and develop a strategic business relationship and an agreement with a Peruvian miner to evaluate electric heavy-duty vehicles on an established haulage route. U Power also has a partnership with a major taxi company in China and is forging partnerships with Chinese automobile manufacturers to jointly develop commercial-use UOTTA-powered EVs, such as ride-hailing passenger EVs, small logistics EVs and light electric trucks. At last check, U Power has already sold eleven battery swapping stations, and has 14 patents and 24 pending patent applications in China. All of that is leading to impressive revenue growth. For 2023, revenue increased by 153.5% while gross profit margins reached 61.6%, up from 34.1%. Is U Power Undervalued? But you wouldn’t know it from its stock price. U Power’s valuation pales in comparison to some of its rivals, including Ample, which designs EV battery-swapping stations specifically for Uber drivers. Its stations are optimized for urban settings, and take up a small footprint equivalent to two parking spaces. Like U Power, Ample is forming partnerships within the industry. Back in 2021, Ample reached unicorn status, and while its valuation has come down a bit since then, it's still a highly valued player. U Power could follow a similar trajectory, as it is sporting a market cap of only $17.4 million, despite high growth, key partnerships and strong gross margins. The EV battery-swapping services market is just taking off as the EV market itself grows. Last year the US sold a record 1.2 million EVs. Meanwhile, China forecasts an estimated 20 million EVs will be on the road as of the start of this year. U Power is positioning itself to be a big player in the market and stand out from its rivals focused on battery swapping stations alone. With a broad portfolio of services, strong partnerships and a focus on the commercial market, U Power could be the next breakout stock in the evolving EV battery-swapping marketplace. Featured photo by Priscilla Du Preez 🇨🇦 on Unsplash Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 25, 2024 08:30 AM Eastern Daylight Time

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Freelance jobs grow despite AI, finds new data from Freelancer.com

FREELANCER.COM

Freelancer.com (ASX: FLN), the world’s largest freelancing and crowdsourcing marketplace by number of users and jobs posted, today released its quarterly Fast 50 Index for Q2 2024 based on data from 251,000 jobs posted to the platform. Computer Security (up 27.1% from 868 to 1,103 jobs) emerges as the fastest-growing freelance skill on Freelancer.com, based on job postings across more than 2,000 skill categories from April 1 to June 30, 2024. This trend in cybersecurity skills suggests more small-to-medium businesses are turning to freelancers for cyber security support, further backed by Network Administration (up 9.9%, from 1,229 to 1,351) also placing in the top 25 fastest growing jobs on the platform. The data also shows no negative impact on generative AI tools on freelance jobs, evident in the growth of Writing, Business Service, and Legal Skills seen in this quarter’s Fast 50 report, all of which were predicted to decrease with the rise in generative AI. PDF writing (up 26.7%, from 2,533 to 3,210) was the second fastest growing job, followed by third place being Microsoft Word (up 23.9%, from 3,368 to 4,173) projects which are also associated with content writing. Writing job Copy Typing came in at the 16th place, growing 11.6% (from 4,428 to 4,941). Legal jobs, which were expected to have been ‘at threat’ to AI, have also increased (up 12.0% from 1,138 to 1,274), as well as Legal Research (up 10.8% from 917 to 1,016). In addition to the index, Freelancer.com ’s annual AI survey, which surveyed more than 4,100 workers globally, investigated AI impact on income and the initial results are shedding light on earnings. When asked how the introduction of AI tools have impacted earnings, more than half of workers (52.5%) reveal they’re earning either the same or more. One fifth (19.2%) say that they’re earning a lot more since generative AI tools were introduced, while only one sixth (17.7%) admit to earning less. “AI is creating more jobs than it takes. While many critics continue to speculate which jobs will be made redundant with AI tools, the data shows that freelance jobs which are labeled as the ‘most at risk to AI disruption’ are in fact growing. The preliminary results from our AI survey also dispel the myth that freelancer are earning less since the introduction of generative AI as more three quarters of workers we surveyed are either earning the same or earning more, with a subset taking advantage of AI and earning a lot more.” said Matt Barrie, Chief Executive at Freelancer.com. Cybersecurity threats are on the rise across all organizations, but are particularly harmful for small-to-medium sized businesses (SMBs) which have little-to-no security expertise and usually minimal protection. As a result, businesses turned to freelancers for help. In 2Q24, Computer Security jobs ranked as the fastest growing skills (up 27%), indicating there has been an uptick in cyber security threats targeting SMBs. Many of the projects posted throughout the quarter require help with network security, security assessments to identify potential vulnerabilities, and creation of cyber security response play books. General business services are also increasing on the platform as more employers are hiring freelancers to support their small businesses. A clear indication of this is the popularity of Market Research and Telemarketing jobs coming in as the fourth and fifth fastest growing skills in Q2 2024, up by 21.1% (from 1,525 to 1,859) and 19.4% (from 1,177 to 1,405), respectively. Other business related skills grew in Q2 2024, including Sales (up 15.5% from 3.467 to 4,005), Lead Generation (up 12.2% from 1,802 to 2,021) and Business Plans (up 10.9% from 1,197 to 1,328). A sudden increase in General business services means that many of the new businesses, which are usually started at the beginning of the year, now require further assistance in helping grow and scale their business. Fastest Falling Skills for Q2 2024 The main category of jobs that fell in Q2 2024 was eCommerce related jobs, which saw a significant increase in Q1 2024. Shopify Templates, ranked as the fastest falling skill and was down by 13% (from 1,476 to 1,284). CSS, which is commonly used in website development, was also down (11.8% from 9.486 to 8,368). Both WooCommerce (from 1.072 to 952) and Shopify (2,545 to 2,269) also fell in the quarter. The easing of eCommerce jobs in this quarter was mainly due to seasonality. Typically, entrepreneurs will start a business at the beginning of the year, requiring help to set up their websites or eCommerce platforms. From there, the entrepreneur either pivots to hiring freelancers for other business services, such as sales or research which we’ve seen in Q2 2024 fastest growing jobs, or are equipped with enough to run their business without any further help. Fastest Growing Overall Job The most popular online freelancing job by total volume is currently Graphic Design with almost double the amount of projects than the other top skills. Graphic Design is followed by PHP (programming), Photoshop, Website Design and HTML (programming). These are typically the best skills for any new freelancer to focus on initially when starting their freelancing journey. How Electronic Repairs Are Becoming the Fastest Growing Skill Globally Electronic Repairs has emerged as one of the fastest-growing job categories on the platform over the past year. In Q2 2024, it ranked 19th among the top 25 fastest-growing jobs, with a 10.7% increase (from 14,945 to 16,548 jobs). However, its most impressive growth is evident in the year-over-year comparison, where Electronic Repairs jobs surged by 162%, from 6,315 in Q2 2023 to 16,548 in Q2 2024. Electronic Repairs are in-person jobs where freelancers are deployed across select countries and cities to fix laptops, printers and computer hardware as part of the Freelancer Global Fleet Program. ##### Freelancer.com Fast 50 The Freelancer.com Fast 50 index is the world’s largest forward indicator of trends in online jobs related to industries, technologies, products, and companies. The data is based on 251,000 jobs posted to the Freelancer.com platform between 1st April to 30th June 2024. Data: Fast 50 Quarterly Index – Q2 2024 2023 Q2 v 2024 Q2 Fastest Growing Jobs for Q2 2024 Fastest Falling Jobs for Q2 2024 About Freelancer Twelve-time Webby award-winning Freelancer.com is the world’s largest freelancing and crowdsourcing marketplace by total number of users and projects posted. More than 74 million registered users have posted over 23.8 million projects and contests to date in over 2,000 areas as diverse as website development, logo design, marketing, copywriting, astrophysics, aerospace engineering and manufacturing. Freelancer owns Escrow.com and Loadshift. Freelancer Limited is listed on the Australian Securities Exchange under the ticker ASX:FLN and is quoted on OTCQX Best Market under the ticker FLNCF. Contact Details Freelancer.com Marko Zitko +1 650-800-6863 mzitko@freelancer.com

July 18, 2024 07:00 AM Eastern Daylight Time

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Standard Fleet and UP.FIT Partner to Modernize Government Electric Vehicle Fleet Management

Standard Fleet

Standard Fleet, an electric vehicle management technology developer, and UP.FIT, an Unplugged Performance company focused on the upfitting of Tesla electric vehicles for fleet use, today announced a collaborative initiative designed to enhance government electric vehicle (EV) fleet management. This effort brings together UP.FIT’s industry-leading expertise in customizing Teslas for specialty use with Standard Fleet's sophisticated fleet management software, aims to improve operational efficiency and support the environmental goals of government fleets including those managed by emergency responders and law enforcement. “Our collaboration with UP.FIT aims to equip police departments with the tools they need for a smoother, more cost-effective fleet management experience,” said David Hodge, Founder and CEO of Standard Fleet. “Integrating our software with UP.FIT’s customized Tesla vehicles means we can offer a system that improves operational efficiency while supporting environmental goals.” "Our mission at UP.FIT is to simplify the adoption of electric fleets for first responders and fleet operators globally,” said James Hedland, Fleet Director at UP.FIT. “Standard Fleet software gives operators complete control of the access, charging, maintenance, and dispatching of their up-fitted EVs. Together we’re providing police departments and other city and county fleet operators with an electric vehicle management system proven to enhance performance and operational efficiency." The partnership addresses a growing need for cost-effective and responsible deployment of EV fleets in public service by merging the expertise and capabilities of UP.FIT and Standard Fleet. This initiative is poised to redefine fleet management for government entities, enhancing both vehicle functionality and operational oversight. Key Benefits of the Partnership: Improved Operational Efficiency: Standard Fleet’s software streamlines the management of charging, maintenance, and daily operations of EVs, reducing both time and costs for fleet managers. Tailored Vehicle Customizations: UP.FIT modifies Tesla vehicles to meet the specific needs of police and public safety operations, enhancing their reliability and suitability for work in the communities they serve. Environmental Impact: The shift towards EVs helps reduce emissions and air pollution, and aligns with local, state, and federal environmental objectives. Sergeant Tony Abdalla from the South Pasadena Police Department, a client benefiting from this partnership, stated, “Adopting electric vehicles for police work presents a unique set of challenges along with opportunities to better serve our community with a cleaner, more reliable, and higher performance police fleet at lower costs over the long term. Standard Fleet technology gives us mobile access to all of our EVs to enhance our operations from dispatch, charging, maintenance, and analytics, to keyless access for officers coming on- and off-duty. Combining Standard Fleet software with the hardware and digital technology upgrades installed by UP.FIT puts our fleet at the forefront of sustainability and performance.” This initiative underscores the potential of technology to improve public sector operations and promotes the adoption of sustainable practices in fleet management. As police departments and other city and county fleet operators increasingly turn to electric vehicles, Standard Fleet and UP.FIT provides scalable, impactful, and effective solutions for the challenges of modern fleet operations. To learn more about this strategic collaboration, please visit here. Useful Links: Learn More: www.standardfleet.com About UP.FIT: https://up.fit/ Follow us: Blog | X | Instagram | LinkedIn Sales and Partnership Inquiries: Please email Standard Fleet at contact@standardfleet.com. About Standard Fleet: Founded in 2021 and based in San Francisco, Standard Fleet envisions a future where electric vehicle (EV) fleets are at the forefront of sustainable transportation, supporting a more environmentally friendly approach to urban mobility. The company’s software simplifies the management of electric vehicle fleets by enhancing operational efficiency and facilitating the transition to sustainable transportation. For more information, please visit www.standardfleet.com. About UP.FIT: Based in Hawthorne, CA, UP.FIT, an Unplugged Performance company, is the global leader in upfitting Teslas for fleet use. Launched in response to the growing need for advanced, sustainable fleet solutions, UP.FIT collaborates with industry leaders to engineer high-level components, turnkey vehicles, training, and innovative management tools. The UP.FIT mission is to provide first responders with the most innovative, safe and reliable equipment possible, all while driving to a cleaner tomorrow. Contact Details ANW Networks for Standard Fleet Alicia V. Nieva-Woodgate +1 720-808-0086 alicia@anwnetworks.com Company Website https://www.standardfleet.com/

July 16, 2024 11:30 AM Eastern Daylight Time

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The Tesla Of The Skies? How One Company Could Be About To Change The Aviation Industry Forever

Benzinga

By James Blacker, Benzinga Tesla (NASDAQ: TSLA) is without doubt one of the great success stories of the stock market, having seen its share price soar almost 1500% over the past five years. The company sold some 1.8 million vehicles in 2023, compared to 22,442 vehicles 10 years earlier in 2013. During the same period, its annual revenue grew to over $95 billion. With a market cap of over $800 billion, Tesla is now by far the largest automaker in the U.S. by market cap. By comparison, Toyota (NYSE: TM), the second-largest carmaker, has a market cap of a little over $270 billion. The success of Tesla can be attributed to numerous factors, not least its groundbreaking innovation, market disruption and commitment to sustainability. Just as Tesla has redefined the automotive industry, an emerging player seeks to do the same for the aviation industry. As the world looks to the skies for the next transportation revolution, New Horizon Aircraft (NASDAQ: HOVR) could be set to be a game changer for aviation with its hybrid electric Vertical Take-Off and Landing (eVTOL) aircraft. Tesla's Blueprint For Market Dominance Tesla is best known as a pioneer in the electric car market that continues to innovate with its high-tech EVs and Supercharger network. The company has been a leader in the EV market for years thanks to its focus on cutting-edge tech, including the development of advanced battery systems and autonomous driving capabilities. Thanks in large part to Tesla, the auto sector has undergone a radical change in the last decade. Global EV sales reached 14 million in 2023, rising 35% from the previous year. This figure is more than six times higher than just five years earlier. In 2023 there were around 40 million EVs on the roads, and industry experts expect this number to continue rising – forecasts suggest that the global EV fleet will reach 250 million by 2030 and 525 million by 2035. EVs are set to play an important role in helping governments around the world achieve their net zero emissions targets. As such, Tesla’s success can also be attributed to its commitment to sustainability, which is at the core of its mission. The company says its products are designed to replace the planet’s biggest polluters. Last year, Tesla customers avoided releasing over 20 million metric tons of CO2 into the atmosphere. This focus on sustainability has resonated with consumers and propelled Tesla to become one of the most valuable companies in the world. New Horizon Aircraft: The Tesla Of The Skies? New Horizon Aircraft is positioning itself to emulate Tesla’s success as a company at the forefront of a new era in aviation, dedicated to revolutionizing air travel through innovative and sustainable tech. Founded in 2013 by a father-and-son team with extensive flying experience, Horizon Aircraft’s team of elite aerospace engineers is developing a hybrid eVTOL aircraft called the Cavorite X7. This aircraft uses a patented fan-in-wing design that lets it take off and land vertically like a helicopter but reconfigure en route to fly like a traditional aircraft. Redefining Aviation With Cutting-Edge Technology Much like Tesla, Horizon is continually innovating and developing new technology for its aircraft design. In contrast to many other eVTOL aircraft, the Cavorite X7 uses a hybrid electric main power system, which means it can recharge its battery array mid-flight and post-flight. Horizon says that this hybrid electric system, coupled with its patented fan-in-wing design, allows the Cavorite X7 to go faster and farther and carry more useful load than its competitors. According to the company, the X7 will have a maximum range of 500 miles, a maximum useful load of 1,500lb and a top speed of 250 mph. Horizon is also innovating with advanced autonomy and control systems that aim to make flight operations safer and more efficient. The company’s technical innovations will not only allow precise control during takeoff, landing and flight but also pave the way for a fully autonomous eVTOL in the future, pending regulatory acceptance. In line with its vision, sustainability is a key aspect of Horizon’s design philosophy. The Cavorite X7’s hybrid electric system reduces fuel consumption, meaning it can operate with up to 30% less hydrocarbon emissions than conventional aircraft performing similar operations, according to the company. Furthermore, as battery technology continues to advance, the Cavorite is expected to become fully electric, which will further reduce its environmental impact. Additionally, Horizon says its aircraft could bring costs down some 30% even compared to a helicopter carrying out a similar regional transport mission and at twice the speed. Transforming Urban And Regional Mobility With their small design and ability to take off and land vertically, eVTOL aircraft are ideal for transporting people and goods within urban areas. They are therefore seen as a solution to the global problem of traffic congestion, which leads to lost time, increased fuel consumption and high emissions. A recent study found that road congestion results in up to $200 billion in lost productivity annually. With the growing need for efficient and sustainable mobility solutions, eVTOL aircraft have the potential to transform urban mobility. With a wing design that allows it to fly farther, Horizon’s Cavorite X7 sets itself apart from other eVTOL aircraft as it is also ideal for regional air mobility (RAM) – short-haul travel connecting regions that are underserved by traditional airline routes. This capability means Horizon could be poised to capitalize on a global RAM market that is expected to grow to $115 billion by 2035. In addition to passenger travel for the RAM market, Horizon expects the X7’s uses to range from medical evacuation to natural disaster response, emergency surveillance and search and rescue. Navigating Challenges As with any disruptive technology, some challenges will need to be overcome before it becomes fully accessible to the wider public. Firstly, regulatory bodies, such as the Federal Aviation Administration (FAA), need to adapt to the rapid advancement of eVTOL technology – new products will require rigorous testing and certification processes before they can be approved. Regulators must also consider factors such as developing rules for safe flight in urban areas and air traffic control. The final hurdle to overcome for the eVTOL industry will be gaining market acceptance. It will be important to educate the public and stakeholders about the safety and benefits of this new technology in order to build trust. Adoption could come sooner than you think, however, with the FAA saying last year that it expects the first eVTOL to begin commercial operations around late 2024 or early 2025. A Vision For Tomorrow’s Skies The potential for a transformative shift in the aviation industry is immense. Just as Tesla reshaped the automotive landscape, Horizon Aircraft has the opportunity to do the same for aviation. The company envisions a future where air travel is more efficient, accessible, sustainable and integrated into our daily lives. Through continuous innovation, New Horizon Aircraft aims to make this vision a reality. Featured photo by Lars Nissen from Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 11, 2024 08:35 AM Eastern Daylight Time

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Ryvid offers Power Controller Upgrade to boost performance of its Anthem and Outset Electric Motorcycles

Ryvid, Inc

Ryvid – the California-based Electric Motorcycle manufacturer – is offering customers the opportunity to transform their riding experience by ordering the Power Controller Upgrade by Accelerated Systems Inc for their Anthem or Outset Electric Motorcycles. New customers are able to configure their order for a new Ryvid Anthem or Outset to have the ASI Controller fitted at Ryvid’s Californian assembly facility. Alternatively, existing owners are able to install the ASI Controller to their Anthem as a DIY project or by requesting a visit from a Ryvid technician. Testing by Ryvid engineers found that the ASI Controller provided faster acceleration thanks to a significant increase in power and torque delivery. Peak torque at the wheel using the stock 4.7:1 final drive saw output rise from 250 ft-lb for the stock controller to 334 ft-lb using the Power Controller Upgrade by ASI. Similarly, peak horsepower jumped from 20hp to 27hp. And the best part: no negative effect to the battery range. In fact, the Power Controller Upgrade by ASI not only makes the Ryvid Anthem and Outset models more entertaining to ride, but also more highway capable thanks to the improved acceleration and torque. It's worth noting that, given the performance increase, the Power Controller Upgrade by ASI is recommended for experienced riders. However, both the Ryvid Anthem and Outset models retain their selectable riding modes, allowing riders to choose either Sport or Eco modes. When set to Eco, the power delivery is softened somewhat and regenerative braking is provided. In Sport mode, the rider can experience the full performance of the 72V air-cooled, brushless DC motor and removable 4.3kWh battery with integrated charger. In Sport mode, regenerative braking is stronger and can be further increased by a rider selected trigger. To create the “ultimate urban slayer,” the Power Controller Upgrade by ASI can be fitted to any new Ryvid Anthem or Outset ordered directly from the company website. As a limited time promotional offer, Outset orders placed before July 31, 2024 will receive the ASI Controller for free. New or current owners of the Ryvid Anthem can order the $800 controller via the website’s Shop tab at ryvid.com/collections/bike-accessories. For full disclosure: DIY installation is not for beginners. Owners will need to install the supplied secondary wiring harness to power the Power Controller Upgrade by ASI. It isn’t a simple plug 'n play installation but there is a video to guide owners at ryvid.com. Installation is estimated at approximately three hours. Alternatively, contact the Ryvid support team to request installation by a Ryvid technician for a service fee. Riders and media who have been able to experience and review the Ryvid Anthem with ASI Controller have all reported very positively on the available performance, elevating their positive impressions of the highly affordable electric motorcycle, which is available at $6,495 for the Anthem or $5,995 for the new Outset. AMERICAN BUILT The Ryvid Anthem Electric and Ryvid Outset Electric are available to order now from ryvid.com. The $6,495 Anthem is available for immediate delivery in a choice of five colors, while deliveries of the $5,995 Outset will begin in the Summer. It can be specified in either Sector Red or Vapor Grey. Please note, riders must have a motorcycle license to ride the Anthem or Outset. The Anthem and Outset share a rigid steel backbone frame, instrument display, removable 4.3kWh battery with integrated charger, 72V air-cooled, brushless DC motor, controller, and sealed belt drive. Both machines are capable of 75mph+ top speed and will provide up to 75 miles range*. The battery can be charged quickly from both 110V and 220V power supplies. Outset has an 33” seat height but its compliant suspension and narrow cushion mean it will comfortably accommodate a range of riders. The Anthem seat is adjustable from 31-34” to accommodate an even wider range of riders. Weighing just 313 and 315 lb, respectively, the Anthem and Outset share featherweight architecture and a low center of gravity. With the major components positioned at axle level, both bikes exhibit extraordinary handling characteristics, making them extremely easy to change direction at high speed or maneuver at low speed. Another benefit of electric power is the Ryvid Reverse Drive. 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. *Quoted range was established using the recognized Urban Dynamometer Driving Schedule. Battery range may vary and can depend on conditions such as rider weight, cargo weight, speed, temperature, wind, tire pressure, terrain, incline, etc. 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/

July 09, 2024 06:05 AM Pacific Daylight Time

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NAFA to Host Fleet Policy Workshop Focused on Comprehensive Fundamentals and Best Practices in Fleet Management

NAFA Fleet Management Association

In the evolving landscape of fleet management, effective and well-structured policies are critical to ensuring compliance, efficiency and overall success. To address these needs, NAFA Fleet Management Association (NAFA), the vehicle fleet industry’s largest membership association, announces the development of a Fleet Policy Workshop event for fleet professionals from October 7-9, 2024, in Indianapolis, IN. This interactive workshop is designed to empower fleet professionals with the knowledge and tools to develop, implement and manage comprehensive fleet policies effectively. “Well-crafted fleet policies are the backbone of successful fleet operations. This workshop is tailored to provide fleet managers with a detailed understanding of policy creation and application, ensuring they are equipped to handle the complexities of modern fleet management,” said Bill Schankel, CAE, CEO of NAFA. “We are thrilled to bring this dynamic program to Indianapolis, providing a platform for learning, collaboration and practical skill development.” The Fleet Policy Workshop will offer a deep dive into the full cycle of policy strategy, development, implementation and assessment. Participants will gain valuable insights from industry experts and engage in hands-on activities designed to provide practical experience and immediate takeaways. Sessions at the workshop will cover a range of critical topics, including: Fundamentals and Strategies of Policy Writing Policy Needs Assessment and Implementation Customizing Fleet Policies Conducting Policy Audits and Assessments Registration for the Fleet Policy Workshop is currently open, with early bird pricing available through August 9, 2024. To learn more about the workshop and register, please visit https://www.nafa.org/events/fleet-policy-workshop/. NAFA Fleet Management Association is the membership organization for professionals who manage the mobility requirements of vehicle fleets that include commercial, public safety, trucks, and buses of all types and sizes, and a wide range of military and off-road equipment for corporations, governments, universities, utility fleets, and law enforcement in North America and across the globe. NAFA’s members are responsible for the specification, acquisition, maintenance, repair, fueling, risk management, and remarketing of more than 4.8 million vehicles that drive an estimated 84 billion miles each year. NAFA’s members control assets and services well above $122 billion each year. For more information, please visit www.nafa.org, and communicate with NAFA on LinkedIn, Facebook, and X. Contact Details Keaveny Hewitt +1 919-622-5276 khewitt@onwrdupwrd.com Company Website https://www.nafa.org/

July 08, 2024 02:00 PM Eastern Daylight Time

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