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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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Benchmark International Unveils the 2024 Global Transportation & Logistics Industry Report

Benchmark International

Benchmark International is excited to announce the release of its latest industry analysis, the 2024 Global Transportation & Logistics Industry Report. This detailed report provides vital insights into the growth, trends, and dynamics shaping the global transportation and logistics sector. The global freight and logistics market is projected to grow to $18.69 billion by 2026, with a compound annual growth rate (CAGR) of 4.4%. The logistics segment alone is expected to reach $6.55 trillion by 2027, growing at a CAGR of 4.7% from 2022 to 2027. This growth is driven by the increasing need for efficient and cost-effective transportation and storage solutions across various industries. The report highlights key drivers of market growth, including the rapid proliferation of trade agreements, technological advancements, and the surge in e-commerce. Technological innovations such as automated material handling equipment, robotics, GPS, and blockchain integration are transforming logistics operations, enabling real-time tracking and predictive management. The rise of e-commerce has significantly increased the volume of shipments, creating both opportunities and challenges for logistics companies. Key trends identified in the report include the adoption of green logistics solutions, the integration of advanced technologies, and the growth of the "last mile" gig economy delivery. These trends are shaping the future of logistics, with an emphasis on sustainability, efficiency, and customer satisfaction. The report also explores the anticipated activity in the mergers and acquisitions (M&A) landscape within the transportation and logistics sector. Lower interest rates and improved market conditions are expected to drive consolidation and expansion efforts, particularly in the U.S. and Canada. For more information and to access the full 2024 Global Transportation & Logistics Industry Report, please visit https://www.benchmarkintl.com/insights/2024-global-transportation-logistics-industry-report/ ABOUT BENCHMARK INTERNATIONAL: Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive Privately-held M&A Advisor in the World by Pitchbook and Refinitiv's Global League Tables. Contact Details Brittney Zoeller +1 813-898-2350 zoeller@benchmarkintl.com Company Website https://www.benchmarkintl.com/

August 01, 2024 09:00 AM Eastern Daylight Time

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Classiq Transforms Quantum Computing with Qmod, The First High-Level Language for Quantum Programming

Classiq Technologies

Classiq today announced the general availability of Qmod (Quantum Modeling Language), the first high-level language (HLL) for quantum coding. Following successful pilot projects with enterprise partners, Qmod is now accessible to developers, researchers and enterprises worldwide and will transform quantum computing with its efficient, approachable method of programming. Qmod facilitates advanced quantum modeling and enables developers to describe quantum algorithms at a high level of abstraction. It supports unique quantum-computing concepts alongside conventional constructs found in high-level classical programming languages. This innovative approach allows developers to focus on the functional intent of their algorithms while Classiq’s powerful compiler and synthesis engine handle the intricate hardware-aware quantum implementation details. “To deliver a business or scientific value, quantum computing must be useful and accessible to scientists and engineers seeking to use quantum computing to solve real-world problems, which today it is not,” said Heather West, PhD, Research Manager, Quantum Computing at IDC. “Today, programming a quantum computer happens at the hardware level, making the technology only accessible to quantum physicists and other quantum specialists. As we begin to talk about quantum utility and near-term applications, abstraction-level application programming will become a necessity for wide-spread quantum adoption and usage.” Why The Qmod Language Is Different Declarative programming: Qmod’s declarative nature lets users define what their algorithm should achieve rather than how to achieve it; Classiq’s synthesis engine compiler optimizes for hardware and other constraints automatically. Flexibility and interoperability: Whether through native syntax, Python or graphical representation, Qmod descriptions are easily translatable and compatible across different formats and hardware. Industry-ready: Qmod is a tool for researchers and industry applications, providing robust scalable solutions for enterprise-grade quantum software development in an era of steadily growing qubit counts and the resulting coding complexity. “As we go further in building a complete quantum software stack, our groundbreaking Qmod language enables quantum experts to produce sophisticated programs while also allowing developers without a quantum background to innovate and solve complex problems across a variety of industry domains,” said Nir Minerbi, CEO and co-founder of Classiq. “By abstracting the complexities of quantum programming, Qmod delivers the ability to create and deploy dynamic quantum applications effortlessly. In some cases, it’ll use perhaps five lines of code instead of the traditional 100 lines of code. Like Java for the worldwide web or BASIC for PCs, Qmod is intended to open the gates to advanced quantum implementation.” Classiq’s platform ensures that quantum algorithms designed with Qmod can be seamlessly compiled for a broad range of hardware and simulation environments, as well as supporting seamless HPC integration. The platform's synthesis engine dynamically adapts implementations to different hardware configurations, allowing for rapid benchmarking and ensuring optimal implementations that make the very most of the available hardware. About Classiq Classiq Technologies, the leading quantum software company, provides an all-encompassing platform (IDE, compiler and OS) with a single point of entry into quantum computing, taking you from algorithm design to execution. The high-level descriptive quantum software development environment, tailored to all levels of developer proficiency, automates quantum programming. This ensures that a broad range of talents, including those with backgrounds in AI, ML and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of quantum physics. Classiq democratizes access to quantum computing and equips its users to take full advantage of the quantum computing revolution, including access to a broad range of quantum hardware. Classiq’s core technology, algorithmic quantum circuit compilation, is engineered to power the quantum ecosystem of today and the future. Classiq works closely with quantum cloud providers and advanced computation hardware developers providing software for use with quantum computers, HPC, and quantum simulators. Backed by investors such as HPE, HSBC, Samsung, Intesa Sanpaolo and NTT, Classiq’s world-class team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking quantum engine. Follow Classiq on LinkedIn, X (formerly Twitter) or YouTube, and visit the Slack community and https://www.classiq.io to learn more. Contact Details Rainier Communications Michelle Allard McMahon classiqPR@rainierco.com Company Website http://www.classiq.io/

July 23, 2024 08:00 AM Eastern Daylight Time

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Classiq and QuEra Announce Integration of Neutral-Atom Quantum Computers into Classiq Platform

Classiq Technologies

Classiq, the leader in quantum software development, and QuEra Computing, the leader in neutral-atom quantum computing, today announced a strategic collaboration to integrate QuEra’s cutting-edge neutral-atom quantum computers into the Classiq platform. This integration will enable customers to optimize a wide variety of quantum and hybrid quantum/classical algorithms for QuEra’s quantum computers, leveraging the unique capabilities of QuEra’s advanced quantum technology. With this collaboration, Classiq users will be able to exploit the distinctive features of QuEra’s neutral-atom quantum computers, such as the ability to simultaneously operate on multiple qubits and advanced qubit shuttling. Additionally, the integration provides access to Classiq’s extensive pre-written algorithmic blocks and allows customers to estimate the resources needed to run their algorithms. These capabilities enable the creation of highly resource-efficient algorithms with a large number of qubits and, in the future, for logical qubits as well. “Our partnership with QuEra represents a significant step forward in the quantum computing landscape,” said Nir Minerbi, CEO of Classiq. “By integrating QuEra’s neutral-atom technology into our platform, we are providing our users with unprecedented opportunities to enhance and optimize their quantum algorithms. This collaboration underscores our commitment to delivering the most versatile and powerful quantum computing solutions available.” “We are thrilled to collaborate with Classiq and bring the power of our neutral-atom quantum computers to a broader audience,” said Yuval Boger, Chief Commercial Officer of QuEra. “Classiq’s platform is renowned for its ease of use and flexibility, and by integrating our technology, we can help users unlock new potential and achieve groundbreaking results in their quantum computing projects.” The integration of QuEra’s quantum computers into the Classiq platform is expected to accelerate the development and deployment of quantum applications across various fields, including pharmaceuticals, finance, logistics and more. Customers who have purchased on-premises computers will be able to use the Classiq platform for the rapid development of quantum algorithms. This partnership highlights the ongoing commitment of both companies to drive innovation and make quantum computing more accessible and impactful. About Classiq Classiq Technologies, the leading quantum software company, provides an all-encompassing platform (IDE, compiler and OS) with a single point of entry into quantum computing, taking you from algorithm design to execution. The high-level descriptive quantum software development environment, tailored to all levels of developer proficiency, automates quantum programming. This ensures that a broad range of talents, including those with backgrounds in AI, ML and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of quantum physics. Classiq democratizes access to quantum computing and equips its users to take full advantage of the quantum computing revolution, including access to a broad range of quantum hardware. Classiq’s core technology, algorithmic quantum circuit compilation, is engineered to power the quantum ecosystem of today and the future. Classiq works closely with quantum cloud providers and advanced computation hardware developers providing software for use with quantum computers, HPC, and quantum simulators. Backed by investors such as HPE, HSBC, Samsung, Intesa Sanpaolo and NTT, Classiq’s world-class team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking quantum engine. Follow Classiq on LinkedIn, X (formerly Twitter) or YouTube, and visit the Slack community and https://www.classiq.io to learn more. About QuEra QuEra Computing is the leader in commercializing quantum computers using neutral atoms—widely recognized as a highly promising quantum modality. Based in Boston and built on pioneering research from nearby Harvard University and MIT, QuEra operates the world’s largest publicly accessible quantum computer, available over a major public cloud and for on-premises delivery. QuEra is developing large-scale, fault-tolerant quantum computers to tackle classically intractable problems, becoming the partner of choice in the quantum field. Simply put, QuEra is the best way to quantum. For more information, visit us at quera.com and follow us on X or LinkedIn. Contact Details Rainier Communications on behalf of Classiq Michelle Allard McMahon classiqPR@rainierco.com Merrill Freund on behalf of QuEra +1 415-577-8637 press@quera.com Company Website http://www.classiq.io/

July 23, 2024 08:00 AM Eastern Daylight Time

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From Stage To Stage: How New Horizon Aircraft's eVTOLs Could Simplify Tour Logistics For Taylor Swift Sustainably

Benzinga

By James Blacker, Benzinga The world is on the precipice of a potential revolution in air mobility that could transform transportation and logistics in ways previously unimaginable. Electric vertical takeoff and landing (eVTOL) aircraft, such as those being developed by New Horizon Aircraft (NASDAQ: HOVR), are at the forefront of this revolution. With the promise of efficient, sustainable and rapid transit, eVTOL technology could make a massive impact on many industries, and this disruptive tech also has the potential to completely reshape tour logistics for popular artists like Taylor Swift. The Complex Logistics Of Major Music Tours Taylor Swift's tours are nothing short of spectacular. From sound and lighting equipment to intricate stage sets, pyrotechnics and elaborate costumes, her concerts require some serious planning and coordination. With an incredible 152 tour dates across five continents on her current Eras Tour, the logistics behind moving her team from city to city are mind-boggling. Normally, all this equipment would be transported via trucks, buses or even planes, all working together to make sure that everything arrives at the right place at the right time and in perfect condition. The problem with traditional logistics, however, is that no amount of meticulous planning can prevent unforeseen circumstances such as traffic congestion, road closures and bad weather conditions, all of which could be the undoing of a tight tour schedule. Delays can lead to significant financial losses for the artist and hordes of disappointed fans. Moreover, in today’s environmentally conscious world, the carbon footprint of such extensive travel is a major concern, highlighting the need for a more sustainable solution. Enter eVTOL Aircraft An innovative solution for tour logistics could be provided by eVTOL aircraft, a new technology being made possible thanks to rapid advancements in battery technology. These futuristic planes are designed to take off and land vertically, much like helicopters, which enables them to operate in congested urban areas with limited space for runways. Unlike helicopters, however, they have the added benefit of electric propulsion, making them quieter, more efficient and environmentally friendly. The list of use cases for eVTOL planes is extensive, from passenger transport to cargo delivery and medical transport. Their ability to bypass traffic congestion and cover large distances quickly makes them the perfect solution to the challenges presented by overcrowded modern cities. The unique design of eVTOLs means that they can operate easily in urban areas. An artist could land very close to the concert venue, completely eliminating the need to travel by road. Furthermore, they provide a safer and more secure mode of transport, with advanced navigation systems and reduced exposure to security threats on the ground. With the growing demand for sustainable practices across many industries, including entertainment, eVTOLs also provide an eco-friendly alternative to traditional transportation. By using electric propulsion, they produce zero emissions and significantly reduce the carbon footprint associated with touring. New Horizon Aircraft: Changing The Future Of Urban Air Mobility Among the companies developing eVTOL aircraft, New Horizon Aircraft (NASDAQ: HOVR) stands out with its unique product, the Cavorite X7. The seven-seat X7 uses a unique and patented wing design that allows it to take off and land vertically, but once in flight at a safe altitude, the wings reconfigure to become more like a traditional aircraft. The X7 can also land on a regular runway or deploy its fans to touchdown on a helipad or similar area. This unique design, coupled with its hybrid electric propulsion system, gives it several advantages over its competitors, with a maximum range of 500 miles, a maximum useful load of 1,500lb and a top speed of 250 mph as reported by New Horizon Aircraft. The company already has a 50%-scale prototype that has successfully demonstrated hover and forward flight and hopes to complete a successful transition flight soon. The Future Of Tour Logistics As urban air mobility continues to evolve with new technology, it is becoming increasingly clear that eVTOLs are not just a futuristic concept; they are a practical solution to the challenges of urban transportation. For artists like Taylor Swift, adopting this new technology for logistics purposes could mean increased efficiency, safety and sustainability, leading to smoother tours and happy fans. For more information on New Horizon Aircraft and its groundbreaking eVTOL technology, visit the company’s website. Featured photo by Chaz McGregor on Unsplash. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. 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 17, 2024 08:45 AM Eastern Daylight Time

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DB Schenker Showcases Thought Leadership in Import/Export Logistics Through New Video Series on the Port of Halifax

DB Schenker

DB Schenker, a global leader in logistics and supply chain management, is thrilled to announce the launch of an exclusive video series focused on the Port of Halifax. This series, designed for logistics experts and import/export professionals, highlights the Port of Halifax's strategic importance and innovative practices in global trade. The video series features insightful interviews with prominent figures, including: Marilisa Benigno, Honorary Consul of Italy, Atlantic Region Suzanne Rix, Honorary Consul of Germany for the Maritime Provinces Captain Allan Gray, President, and CEO of the Halifax Port Authority Jonathan Chia, Head of Commercial at PSA Halifax David Thomas, Executive Director at The PIER Key Highlights: Vision and Mission of the Port of Halifax: Capt. Gray elaborates on the Port of Halifax's mission to be Canada’s preferred gateway, emphasizing its global connectivity and economic impact. “Every day, we connect with markets in Central Canada, the U.S. Midwest and countries around the world,” said Capt. Gray. “These connections foster opportunities for business and support thousands of jobs today. Looking ahead, the port will continue to integrate innovation, sustainability and community into how we do business.” Economic Impact: The Port of Halifax is a significant economic driver. A recent study showed the port generates billions of dollars in economic activity annually, contributing $1.6 billion in labour income and supporting over 25,000 jobs in the region. Jonathan Chia discusses the port’s role in reducing logistics costs for inland Canada and its strategic positioning as a gateway port. Global Connectivity and Innovation: The port’s connection to more than 150 countries worldwide, along with substantial investments in mega cranes and digitalization, positions Halifax as a key player on the global stage. Sustainability and Community Engagement: The series delves into the port's collaborative efforts with the Port of Hamburg to accelerate decarbonization and sustainability initiatives. Capt. Gray will also highlight the port's commitment to community integration and sustainable growth through innovative projects and partnerships. Future Infrastructure Developments: Viewers will gain insights into the port's 50-year plan, which includes expanding rail capacity and optimizing existing infrastructure to meet future demand while focusing on sustainable growth. Strengthening Italy-Canada Relations: Marilisa Benigno, Honorary Consul of Italy, Atlantic Region shares the consulate’s efforts to strengthen ties between Italy and Canada through various initiatives, including visa facilitation, cultural events, and business collaborations. German-Canadian Collaboration: Suzanne Rix, Honorary Consul of Germany for the Maritime Provinces, discusses the burgeoning relationship between Germany and Halifax, particularly in the fields of hydrogen and wind energy. The collaboration between the Port of Hamburg and the Port of Halifax in seeking to decarbonize their respective route is a significant step towards sustainable trade practices. Innovation and the Living Lab: David Thomas, Executive Director at The PIER, explains the role of The PIER as Canada’s first living lab to help solve supply chain and logistics challenges. The PIER’s projects emphasize efficiency, resilience, transparency, and sustainability in supply chains​. Catch the full Interviews on DB Schenker’s LinkedIn: The complete series of interviews is available on DB Schenker’s LinkedIn page, offering valuable insights for professionals in the logistics and supply chain sectors. Follow the link to stay updated and engage with industry leaders: DB Schenker LinkedIn. About DB Schenker With around 76,600 employees at more than 1,850 locations in over 130 countries, DB Schenker is one of the world’s leading logistics service providers. The company operates land, air, and ocean transportation services, and it also offers comprehensive logistics and global supply chain management solutions from a single source. Aiming for a sustainable future of the logistics industry, DB Schenker continuously invests in innovative transport solutions, renewable energies, and low-emission products for its customers. Contact Details Nicholas Leighton +1 949-478-5880 nick.leighton@nettresultsLLC.com Company Website https://www.dbschenker.com/usa

July 16, 2024 11:55 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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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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