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Timothy Applegate Elected as Board Chair Elect for National Contract Management Association

National Contract Management Association

The National Contract Management Association (NCMA), dedicated to advancing the contract management profession, proudly announces the appointment of Timothy Applegate as its Board Chair for Program Year 2026, that begins July 1, 2025. A retired Colonel in the United States Air Force, Mr. Applegate brings over 36 years of acquisition and contracting expertise to the role. Mr. Applegate is currently a distinguished member of the Senior Executive Service and Director of the Acquisition Management and Integration Center at Headquarters Air Combat Command (ACC), where he is responsible for overseeing a total acquisition portfolio exceeding $20 billion. A devoted member of NCMA since 1992, an NCMA Certified Professional Contract Manager™ (CPCM™) certificant, Board Member (2018- 2021 and 2023-2024), and Board Advisor (2021-2022), Mr. Applegate is a dedicated and long-standing champion of NCMA and the role it plays in the advancement of the contract management profession. "It is a privilege to serve alongside such esteemed colleagues and I look forward to working with the NCMA's dedicated members and partners,” said Mr. Applegate. Kraig Conrad, CEO of NCMA, added, "Tim's wealth of experience and expertise is truly invaluable to meet our strategic objectives. Over the past six years, he has been instrumental in fostering the growth and evolution of our association through his dedicated service. I am eager to collaborate with him to advance our Common Language Initiative and expand our partnerships to elevate the profession with international standards.” With Mr. Applegate assuming the role of Board Chair-Elect, NCMA is poised to further enhance its programs and standards, ensuring that practitioners receive unparalleled support and opportunities for professional development and certification. The entire NCMA community eagerly looks forward to the transformative leadership that Mr. Applegate will bring to the organization. The National Contract Management Association (NCMA) – www.ncmahq.org – has grown as a professional society whose mission is to collaborate towards a globally recognized contract management profession that strengthens its nexus with related acquisition communities. Serving approximately 20,000 members in both the public and private sectors, NCMA propels the growth, advancement, and impact of practitioners through a steadfast commitment to serve through the open exchange of ideas in neutral forums. Contact Details National Contract Management Assocation Holly DeHesa +1 281-865-3296 holly.dehesa@ncmahq.org Company Website https://www.ncmahq.org

March 26, 2024 06:25 PM Eastern Daylight Time

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NAVEX 2024 Global Incident Management Benchmark Study Reveals Significant Third-Party Reporting to Companies

NAVEX Global

NAVEX, the global leader in integrated risk and compliance management software, has released its 2024 Whistleblowing & Incident Management Benchmark Report. The annual benchmark report offers valuable insights into workplace culture, analyzing trends from 1.86 million global reports spanning thousands of organizations that together employ more than 50 million employees. Amid a record number of tips to the SEC and a burgeoning DOJ whistleblowing program, NAVEX’s comprehensive analysis sheds a critical light on the state of workplace environments worldwide, guiding organizations toward program improvement. "NAVEX remains the gold standard in risk and compliance data analytics, continually innovating our benchmarks to enhance corporate compliance programs and offer business leaders insights into the trending risk areas for their organizations," says NAVEX Chief Risk and Compliance Officer Carrie Penman. "This year's report introduces crucial third-party reporting insights, highlighting an organization’s need to adopt internal and external reporting avenues to bolster integrity, foster accountability and equip the organization to tackle emerging challenges effectively.” This year’s analysis of the data revealed several key themes and notable findings, including: Report volume and case substantiation reach milestones. Internal reporting programs saw a record level of use as measured by NAVEX’s Reports per 100 Employees metric. In addition, the Substantiation Rate metric reached an all-time high, meaning more reports were received and more were found to be true. Report volume, and the substantiation rates of the reports received, are two of the most highly watched metrics in the annual NAVEX publication. To see both reach the highest levels ever is good news. For those with trusted and effective internal reporting programs, this added up to greater visibility into the trends of risk, ethics and culture playing out in their organizations’ operations – real-time intelligence to inform business decision-making. In 2023, organizations received a median 1.57 Reports per 100 Employees across their internal reporting systems, exceeding the previous record of 1.47 set in 2022. More organizations (23%) received five or more Reports per 100 Employees, making this population the largest in the NAVEX data set. And while year-over-year values fluctuated, every size of organization – from the smallest companies to enterprises with over 100,000 employees – has seen report volumes rise comparing 2021 and 2023. At 45%, the overall median share of substantiated or founded reports in 2023 reached an 11-year high. Third parties more likely to report business integrity and financial misconduct issues. In a first for this report, NAVEX analyzed its database by both employees and third-party reporters. Its analysis shows these two groups are distinct across several metrics, highlighting the insight organizations see by promoting their reporting programs internally and externally. Third parties as a group delivered a far greater median share of reports related to Business Integrity matters than employees in 2023 (50% versus 17%). Encompassing topics like conflicts of interest, vendor issues, fraud, global trade and human rights, this category of issues can manifest in various elements of a supply chain. Third-party reporters also showed twice the median share of Accounting, Auditing & Financial Reporting reports as employees in 2023 (10% versus 4.5%). Story emerging on accounting-related reporting – internally and externally. Accounting-related reports -- while lower in overall percentage of reports received internally by organizations at a median of 4.3.% in 2023 -- often receive an outsized share of attention due to potential for regulatory action and the well-publicized bounty program offered by the SEC and its Office of the Whistleblower. The SEC's program is witnessing unprecedented growth in tips and generously rewarding valuable information. Now, the U.S. Department of Justice is launching a similar initiative. Specifically, reports related to Accounting, Auditing, and Financial reporting: Showed the longest time between when an incident was observed and when it was reported to the organization By a large margin, were least likely to be reported anonymously Comprised an outsized share of cases for organizations that receive very few Reports per 100 Employees – meaning while these organizations received well below the benchmark number of reports, they had a much more significant percentage of accounting-related reports Experienced the longest time to investigate and close the case Had among the highest median Substantiation Rates, at 50% Were most likely to cause an employment separation event as a result of a substantiated case Accounted for twice as many of the reports submitted by third parties than those submitted by employees Small increase in report volume shows big payoff in healthy report mix. A diverse array of topics, inquiries, and allegations in internal reporting indicates a robust program. NAVEX’s findings reveal that even minor efforts to promote internal reporting significantly improve the mix of report types received. For instance, in organizations with the lowest report volume, only 8.7% of reports pertain to HR, Diversity, and Workplace Respect. However, in the next tier, this proportion jumps to 36.3%. This trend persists across different report volumes, emphasizing the importance of fostering a reporting culture. A varied mix of report types signifies trust in internal reporting to address a broad spectrum of issues. Even a slight increase from minimal reporting yields a more comprehensive and insightful flow of reports. "With NAVEX's integrated data platform, companies gain unparalleled risk signal data that empowers them to foster healthier workplace cultures, helping them achieve outcomes that matter most,” explains NAVEX Chief Product Officer A.G. Lambert. "Data isn't just numbers; it's the compass guiding organizations toward success and ensuring they stay ahead in the ever-evolving landscape of risk and compliance." Additional notable findings include: Workplace behaviors and discord were clearly visible in the data as more organizations return to office environments. As is always the case in these reports, workplace behaviors and other human resources related matters are by far the highest percentage of reports received by organizations. Workplace Civility matters continued to increase in prominence in 2023, representing a median of 18% of reports and the highest median reporting rate in 2023. This was followed by Discrimination, at a median 12%, Harassment, at a median 7.1%, then Retaliation at a median of 2.0%. The HR, Diversity and Workplace Respect category overall has seen a multi-year increase in its median share of all reports (from 50% in 2021 to 55% in 2023). These figures underscore the growing importance of fostering a respectful and inclusive work environment. Highlighting the seriousness with which organizations are taking reports received, more substantiated reports (18%) resulted in separation from employment in 2023, up significantly from 14% in 2022 and 12% in 2021. The share of reports resulting in no action – effectively the opposite end of the outcome spectrum – fell from 17% in 2022 to 14% in 2023. Nearly nine out of 10 reports of Imminent Threat to a Person, Animals or Property were substantiated in 2023 highlighting the importance that reporters possess the training, knowledge, tools and trust that promote rapid reporting of dangerous issues. This need is made even greater by a new California workplace violence prevention law expected to take effect this year that includes requirements for reporting, incident management and training around this issue. For more insights on the 2024 Whistleblowing & Incident Management Benchmark Report, join Jane Norberg, Arnold & Porter partner and former chief of the SEC Office of the Whistleblower, Keith Thomas, FedEx corporate integrity & compliance lead counsel, Carrie Penman, NAVEX chief risk & compliance officer, and Anders Olsen, NAVEX senior data scientist, for an informative webinar where they will discuss the results of this year’s analysis in detail. Watch the webinar here. 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

March 26, 2024 06:00 AM Eastern Daylight Time

National Contract Management Association Announces New Board of Directors

National Contract Management Association

The National Contract Management Association (NCMA), dedicated to the advancement and expansion of the contract management profession, announced today the appointment of its new Board of Directors. The program year 2025 new Directors include David Bassett and Manuel Mendez; reappointed are Joy White, and Cameron Holt as Wendy Masiello and Heidi Timmerman transition from the Board. All bring a wealth of experience and expertise in contract management which will further strengthen the association’s strategic direction, transformation, and growth. "As we further our mission to advance the contract management profession and fortify its ties with other acquisition-related communities through advocacy, standards, and professional development, the addition of these individuals is significant,” said Board Chair-Elect, Heather Gerczak. “Their collective wealth of experience, knowledge, and leadership promises to invigorate our organization, propelling us closer to our goals. We eagerly anticipate their contributions as we chart our course forward." Lieutenant General David Bassett (US Army Retired), Founder of Acquisition Insight LLC, provides business consulting to firms aiming to work with the federal government for superior technology access. With over 35 years in the Army, serving as Army Program Executive Officer Ground Combat Systems, Program Executive Officer Command Control Communications Tactical, and Deputy Program Executive Officer for Combat Support and Combat Service Support, and retiring as Director of Defense Contract Management Agency, he managed 250,000 contracts worth $3.5T. Mr. Bassett holds Master’s Degrees in National Resource Strategy and Computer Science, and a Bachelor’s Degree in Electrical Engineering from the University of Virginia. As Integral Federal's Chief Financial Officer, Manuel Mendez leads business operations, supporting strategic direction and growth. He manages financial planning, reporting, compliance, mergers, acquisitions, auditing, program finance, contracts, IT, quality, and pricing. Previously, he served as VP of Financial Planning and Analysis at PAE, facilitating its divestiture, IPO, acquisitions, and sale to private equity. With senior financial roles at Engility and Harris Corporation, Mendez brings extensive experience. He holds a B.S. in Industrial Engineering from Universidad de Los Andes and an M.B.A. from Georgetown University. Joy White, Executive Director at Space Systems Command (SSC) has been reappointed to the Board. Ms. White oversees a $15B annual portfolio of major acquisition space programs, ensuring agile, integrated, and resilient capabilities for national defense. She leads SSC's business operations, talent management, and acquisition functional expertise for the United States Space Force, overseeing a workforce of 15,000 personnel at 29 operating locations. Ms. White started her federal service as a contracting intern at SSC and has a diverse background including legal analysis and advisory roles at the Office of the Assistant Secretary of the Air Force for Acquisition. Also reappointed, Major General Cameron Holt (US AF Retired), President at Exiger Government Solutions. Mr. Holt formerly served as Deputy Assistant Secretary for Contracting, Office of the Assistant Secretary of the Air Force for Acquisition, Technology, and Logistics. Leading a team managing $825B in programs, he focused on Space, Global Power/Reach, and Information Dominance. He also supervised the training, organization, and equipping of 8,000 Contracting professionals handling over $65B in programs annually. Receiving his commission from the University of Georgia in 1990, Mr. Holt has extensive experience in acquisition and contract management across major commands and deployments supporting Operation Enduring Freedom. "It has been an honor to work with Wendy Masiello and Heidi Timmerman for their support and guidance over their two terms. They have been instrumental in navigating NCMA through a period of growth and change," said NCMA Chief Executive Officer, Kraig Conrad. "I am pleased to welcome in our new Board Members, their impressive experience will be invaluable to help grow our Common Language, certifications, and professional development avenues for our community." The NCMA Board of Directors is responsible for setting the strategic direction of the organization, ensuring its financial stability, and overseeing the development and delivery of member services and educational programs. The NCMA Contract Management Standard™ (CMS™) is an important program for the Board as the ANSI-approved standard covers the many practices within the contract management life cycle, including procurement and purchasing. Board members serve three-year terms. Beginning July 2024, the newly appointed Board will officially assume their duties and convene at NCMA's World Congress conference in Seattle, WA. The National Contract Management Association (NCMA) – www.ncmahq.org – has grown as a professional society whose mission is to collaborate towards a globally recognized contract management profession that strengthens its nexus with related acquisition communities. Serving approximately 20,000 members in both the public and private sectors, NCMA propels the growth, advancement, and impact of practitioners through a steadfast commitment to serve through the open exchange of ideas in neutral forums. Contact Details National Contract Management Association Holly DeHesa +1 281-865-3296 holly.dehesa@ncmahq.org Company Website https://www.ncmahq.org

March 21, 2024 05:00 AM Eastern Daylight Time

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NCMA's Announces New Members to their National Committee

National Contract Management Association

At the National Contract Management Association (NCMA), the focus on providing high-quality resources— events, professional certifications, local networking, and the ANSI-approved Contract Management Standard™ —that positively advance and expand the contract management profession remains the top priority. To help to continue strengthen the association’s strategic direction and growth, NCMA is excited to announce its new National Committee Members, who bring a wealth of experience and expertise to guide their endeavors forward. “Our National Committee Members are essential in providing a platform for meaningful planning and growth for our members and association,” said NCMA’s Board-Chair Elect, Heather Gerczak. “They will be instrumental in inspiring innovation and refining our strategy. I am thrilled to welcome our new members and am excited to collaborate in Program Year 2025.” The National Committee members are seasoned professionals with impressive track records in their respective fields. NCMA welcomes: Joann Campbell-Maher, CPCM, CFCM, CCCM, Director of Contracts, SRC Inc., Chapter: Leatherstocking Chapter Will Cannon, Director of Business Operations, General Atomics Chapter: San Diego Jim Doss, Fellow, CPCM, CFCM, Director of Contracts, BlueHalo, Chapter: Tysons Derek Ebona, CPCM, Chief of the Contracting Office, Program and System Support for Contracting and Procurement Office, Defense Counterintelligence and Security Agency, Chapter: Tysons Jessica Johnson, CPCM, CFCM, VP, Services Contracts at Red River Technology, Chapter: Dulles Corridor Wanda Wallace, CPCM, CFCM, Senior Contracts Manager at Magellan Federal, Chapter: Jacksonville This year’s National Committees Members were elected through a competitive application and voting process. These members make a lasting impact on NCMA. The Committees are made up of five groups including audit and risk, governance and ethics, member engagement, professional development and certification, and strategic planning. All who have served have played an instrumental role in helping to shape the associations’ strategy and direction. The National Contract Management Association (NCMA) – www.ncmahq.org – has grown as a professional society whose mission is to collaborate towards a globally recognized contract management profession that strengthens its nexus with related acquisition communities. Serving approximately 20,000 members in both the public and private sectors, NCMA propels the growth, advancement, and impact of practitioners through a steadfast commitment to serve through the open exchange of ideas in neutral forums. Contact Details Holly DeHesa +1 281-865-3296 holly.dehesa@ncmahq.org Company Website https://www.ncmahq.org

March 19, 2024 05:00 AM Eastern Daylight Time

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Arksen: engineering the future of eco-friendly adventure and exploration

Arksen Ltd

Arksen Ltd CEO Jasper Smith tells Proactive's Stephen Gunnion that the UK-based design and engineering company is focused on creating products for adventure enthusiasts, including explorer vessels, overland vehicles, and apparel, underpinned by a philosophy of sustainable and authentic design. Founded around four years ago, Arksen has grown significantly, aiming to challenge industry norms by adhering to circular economy principles, emphasizing the manufacture of products within planetary boundaries. Smith highlighted the company's commitment to environmental respect, comparing its growth strategy to established brands through OEM manufacturing and low overheads paired with significant investments in intellectual property and marketing. Outlining Arksen's multifaceted market approach, Smith said the company sells directly, through a growing dealer network expected to expand from seven to eighty dealers, and via agents and brokers for larger, bespoke products. It targets a wide customer base, from high-net-worth individuals and corporations seeking research vessels to consumers interested in their apparel line. The market across Arksen's sectors is large, with a 7% compound annual growth rate and a total size of about $840 billion, undergoing transformations towards sustainability and changing consumer behaviors. Arksen plans to raise £6 million for expansion, particularly in the US, where 60-70% of its engagement lies. This funding, coupled with potential government-backed debt from a £4 billion investment into the UK shipbuilding industry, aims to scale production and meet dealer demand. Additionally, Smith discussed "10% for the Ocean," a philanthropic initiative supporting ocean conservation, reflecting the company's commitment to environmental stewardship alongside its business objectives. Contact Details Proactive UK Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

March 14, 2024 08:36 AM Eastern Daylight Time

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Pyxis Tankers chairman and CEO discusses strong performance and fleet expansion

Pyxis Tankers Inc

Pyxis Tankers Inc (NASDAQ:PXS) chairman and CEO Valentios (Eddie) Valentis, provides an update on the company's performance and future plans in an interview with Proactive's Stephen Gunnion. For the nine months ending September 2023, the company reported net revenues of $32.2 million and an adjusted EBITDA of approximately $15 million, with fully diluted earnings per share at $1.21. The average daily time charter equivalent for the MRs in Q4 increased to about $30,500 per day, with bookings for Q1 2024 at approximately $29,200 for 75% of available days. Pyxis Tankers maintains a solid balance sheet and liquidity, having completed the sale of the 2015-built MR at a record price, realising a gain of over $17 million. The fleet currently includes three eco-efficient MR tankers with an average age of approximately nine years and has expanded into the dry bulk sector with the acquisition of three vessels, bringing the total fleet to five. The company is exploring further acquisitions, particularly in the eco-friendly dry bulk space, and remains positive about the market conditions for both tanker and dry bulk sectors, despite geopolitical tensions and weather-related disruptions. Pyxis Tankers has repurchased 7% of its outstanding float and holds approximately 400,000 shares of Series A convertible preferred stock, trading under the symbol PXS AP. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 12, 2024 09:56 AM Eastern Daylight Time

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New Horizon Aircraft Report Findings: 96% of Professional Investors Are Keeping An Eye On Transport Of The Future As Companies Advance eVTOL Technology

Benzinga

By Faith Ashmore, Benzinga The technology of Hollywood may finally be catching up to real life in another area. In the realm of electric vehicles (EVs), electric Vertical Take-Off and Landing (eVTOL) aircraft have gotten some attention from the press, the public and investors. From large international majors like Hyundai (OTCMKTS: HYMTF) to newer eVTOL companies like New Horizon Aircraft (NASDAQ: HOVR) (“Horizon Aircraft”), eVTOLs may be the way of the future. With population growth and urbanization on the rise, traffic congestion is becoming a pressing concern for citizens and city planners alike. A recent study conducted in the U.S., France, Germany and the U.K. reveals that road congestion results in up to $200 billion in lost productivity annually. Governments are also racing to transition away from gasoline-powered vehicles that contribute to global emissions and climate change. Advanced Air Mobility (AAM) offers a cost-effective, environmentally friendly and safer way to travel, presenting a disruptive alternative to traditional air travel and cargo systems. eVTOLs are among the solutions for the future. Horizon Aircraft is working on its prototype eVTOL, the Cavorite X7, which is designed for longer-range regional passenger, cargo and special missions. Their 50%-scale prototype has already successfully demonstrated hover flight and the company believes it may complete a successful transition flight before the end of Q1 of 2024. One of the key aspects that sets Horizon Aircraft apart from competitors like Joby Aviation (NYSE: JOBY) and Lilium NV (NASDAQ: LILM) is that it prides itself on the expertise of its team, comprised of professionals with extensive backgrounds in the aviation industry. Led by a highly skilled former fighter pilot, the company leverages collective knowledge gained from years of military and commercial aviation experience. The rest of the team at Horizon Aircraft consists of a group of engineers, pilots and business specialists who are committed to pushing the boundaries of regional transportation. The company is also vertically integrated; all of its composite manufacturing, 3D printed advanced carbon fiber thermoplastics, custom electronics, control systems and more are completed in-house. The company boasts that its product takes off and lands like a helicopter but has the capacity to fly almost twice as fast with lower operating costs. Unlike most of its competitors, Horizon’s Cavorite X7 uses a hybrid electric power system that should enable a top speed of 450 km/h, carrying 1,500 lbs of useful load for more than 800 km. A recent report by Morgan Stanley predicts that AAM will encompass a total addressable market of $1.5 trillion by 2040. “The intersection of many technologies, such as ultra-efficient batteries, autonomous systems, and advanced manufacturing processes are spawning a flurry of activity in this space," shared Adam Jonas, Head of Morgan Stanley's Global Auto and Shared Mobility research team. Horizon Aircraft also recently published a global study that showed an overwhelming majority (96%) of professional investors recognize the increasing global demand for improved transportation systems, coupled with the imperative to reduce the environmental footprint resulting from increased road congestion. The study’s findings included that investors also believe the advancements in technology that demonstrate the safety and feasibility of eVTOL aircraft will catalyze movement in the regulatory landscape and attract substantial investments to the sector within the next five years. Horizon Aircraft is looking to capitalize on these markets. Brandon Robinson, CEO of Horizon Aircraft, shared, "Private equity, venture capital and family office investors have been closely monitoring the Advanced Air Mobility sector for some time, but are now seeing an acceleration towards the launch of the first commercial eVTOL passenger routes. The sector has already attracted significant investment, and we anticipate that this will only increase as ongoing developments in technology provide new investment opportunities in this rapidly expanding market that has the potential to revolutionize transportation." Featured photo courtesy of Horizon Aircraft. 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 is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

March 12, 2024 08:25 AM Eastern Daylight Time

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A Call to Action: Revitalizing U.S. Maritime Security for Global Stability and Prosperity

MAR LLC

Rarely is there a day without international shipping in the news. From Yemen's Houthi militants attacking shipping in the Red Sea, maritime food blockades around Ukraine, rising hostilities in the South China Sea, drought reducing traffic through the Panama Canal by almost 50%, global shipping is receiving more attention than ever before. And yet barely four years after the COVID-19 pandemic, supply chain crunch, blockade of the Suez Canal by the containership Ever Given, the vulnerabilities of the maritime transportation system remain and more needs to be done to protect American interests. ZERO POINT FOUR sheds light on the industry in a way that has never been done before. Bold new solutions are called for and revealed from this cutting analysis after years of working on the front lines of the shipping crisis. If you want to get a strong understanding of why the U.S. remains vulnerable to supply chain risks and a shortage of military sealift support, then this book is required reading. After years of extensive research, The Maritime Accelerator for Resilience (MAR) released the findings of its landmark study in a book entitled ZERO POINT FOUR, spearheaded by Rear Admiral James Watson (USCG Ret.) and an esteemed panel of maritime, security, ocean and supply chain experts. This critical analysis delves into the challenges and strategic imperatives facing U.S. maritime security, emphasizing its indispensable role in global commerce, national defense, and international peacekeeping and offering near, medium and long term leadership opportunities to mitigate America’s vulnerabilities. In an era marked by complex global challenges, the U.S. maritime sector's decline to a mere 0.4% of the global oceangoing commercial fleet signifies not just a loss of commercial prominence but also a critical vulnerability in national security and global economic stability. ZERO POINT FOUR offers a stark examination of the consequences of diminished U.S. influence on the seas, from eroding economic competitiveness to heightened risks in global supply chains, energy dependence, and environmental sustainability. The book highlights five key principles around security—national, economic, energy and food, climate, and workforce-- and outlines a visionary framework for action, advocating for strategic investments in maritime infrastructure, technological innovation, and a revitalized maritime workforce. These initiatives aim to restore the U.S. as a global maritime leader, ensuring the safety, efficiency, and sustainability of international shipping lanes crucial for the flow of trade, energy, and resources worldwide. Furthermore, ZERO POINT FOUR calls for enhanced international maritime cooperation to tackle piracy, illegal fishing, and environmental hazards, reinforcing the U.S. commitment to upholding the rule of law on the high seas and fostering a climate of global peace and cooperation. The impetus for the book came from the author’s recognition of the US’s vulnerability in maritime security, and its impact on all aspects of American life. From the post-World War II period when 50% of all oceangoing commercial vessels were under the US flag to today’s 0.4%, an unsustainable shift of power and influence has occurred which needs to be remedied. In addition to Rear Admiral Watson, authors include maritime mavens Carleen Lyden Walker and Captain Anuj Chopra, technology and sustainability economist Nishan Degnarain, cyber security, physical security, and enterprise resilience veteran Rich Mason, and global supply chain specialist Jonothan Kempe. The Maritime Accelerator for Resilience urges all stakeholders — government officials, industry leaders, and the public — to unite behind these proposals. By doing so, the U.S. can secure a future where its maritime domain not only thrives but also serves as a cornerstone for global trade, environmental stewardship, and international peace. ZERO POINT FOUR is available for purchase on Amazon using this LINK. The Maritime Accelerator for Resilience (MAR LLC) is a U.S.-based maritime organization operating as a maritime policy accelerator and is dedicated to propelling the U.S. maritime industry into a new era of innovation, security, and global leadership. Collaborating with influential figures in shipping, ocean policy and innovation, MAR aims to advance policy, technology, and operational strategies that enhance maritime resilience and competitiveness. Our vision is to motivate the U.S. maritime industry to global competitiveness, navigating challenges and embracing opportunities in the next decade. For more details, visit: www.maritimeresilience.org Contact Details MAR LLC Carleen Lyden Walker +1 203-260-0480 carleen.lw@maritimeresilience.org

March 11, 2024 01:00 AM Eastern Daylight Time

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Ocean Power Technologies secure key deal for WAM-V Unmanned surface vehicles

Ocean Power Technologies Inc

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to share exciting news about the company's success. Ocean Power Technologies has received multiple orders for fully integrated WAM-V Unmanned Surface Vehicles, totaling over $1.25 million. This significant achievement underscores the growing demand for OPT's advanced marine technologies and their applications in various fields such as maritime surveillance, environmental monitoring, and ocean data collection. The WAM-V USV represents the cutting edge of maritime innovation, offering superior performance in diverse ocean conditions. Its versatility and reliability make it an ideal choice for a wide range of marine applications, from data collection to security surveillance and environmental monitoring. Stratmann highlighted that the recent commercial orders have come from clients in Latin America, demonstrating the broad capabilities and applications of the WAM-V USVs. OPT's commitment to delivering customizable and scalable solutions has positioned the company as a preferred partner in the industry. Overall, this success reflects Ocean Power Technologies' dedication to providing innovative solutions that meet the evolving needs of the marine industry, and it marks an exciting milestone in the company's journey towards continued growth and impact in the field of marine technology. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

February 28, 2024 05:30 AM Eastern Standard Time

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Transportation

Timothy Applegate Elected as Board Chair Elect for National Contract Management Association

NAVEX 2024 Global Incident Management Benchmark Study Reveals Significant Third-Party Reporting to Companies

National Contract Management Association Announces New Board of Directors

NCMA's Announces New Members to their National Committee

Arksen: engineering the future of eco-friendly adventure and exploration

Pyxis Tankers chairman and CEO discusses strong performance and fleet expansion

New Horizon Aircraft Report Findings: 96% of Professional Investors Are Keeping An Eye On Transport Of The Future As Companies Advance eVTOL Technology

A Call to Action: Revitalizing U.S. Maritime Security for Global Stability and Prosperity

Ocean Power Technologies secure key deal for WAM-V Unmanned surface vehicles