Mes: enero 2021

GreenPower Motor Announces Current Vehicle Production, Deliveries for the Quarter Ended December 31, 2020 and Doubling School Bus Production

VANCOUVER, BC, Jan. 13, 2021 /PRNewswire/ — GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) («GreenPower»), a leading manufacturer and distributor of zero-emission, electric-powered medium and heavy-duty vehicles, today announced its vehicle deliveries for the quarter ended <span…

VANCOUVER, BC, Jan. 13, 2021 /PRNewswire/ — GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) («GreenPower»), a leading manufacturer and distributor of zero-emission, electric-powered medium and heavy-duty vehicles, today announced its vehicle deliveries for the quarter ended December 31, 2020:

Vehicle Type

Quarterly Vehicle deliveries

EV Star1

15

EV Star +

1

EV Star Cargo +

1

Total Deliveries

17

1 – Fourteen of the EV Star deliveries in the quarter were recorded as leases

In addition, Greenpower provides an update on the units completed and in production as of December 31, 2020:

Vehicle Type

Completed and in Production

as of December 31, 2020

EV Stars (all models)

68

EV 250 low-floor transit

5

BEAST school buses

20

EV 350 and school bus

2

Total Vehicles

95

Brendan Riley, President of GreenPower commented, «During the most recent quarter we continued to ramp production considerably and that trend is expected to continue as we align with an anticipated increase in deliveries in the late spring and summer of 2021.» Riley continued, «In the fall of 2020, we announced a production run rate of five GreenPower all-electric school buses per month which we are now increasing to 10 on the back of the strong response we are seeing in the sales channel. With regard to our EV Star, we are on track with our previous production guidance with higher volume deliveries expected in the current quarter and accelerating thereafter as the logistical constraints of the pandemic further abate.  In sum, we continue to ramp aggressively and expect substantial increases in both production and deliveries across the school bus, transit, cargo and delivery and cab and chassis markets throughout 2021.»

The vehicle deliveries for the third quarter and production summary as of December 31, 2020 as described herein are preliminary and subject to change. Greenpower’s final deliveries for the quarter, vehicle production, and full financial results and commentary will be included in our third quarter financial statements, MD&A, and earnings release which are scheduled to be issued in February.  

Greenpower’s vehicle deliveries and vehicle production are measures of business performance however they should not be relied on as indicators of Greenpower’s financial results or financial performance for the quarter. Greenpower’s actual financial results will depend on a number of factors other than vehicle deliveries, including but not limited to cost of sales, operating expenses, foreign exchange movements, changes in capital structure and other factors.

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor vehicles, including transit buses, school buses, shuttles, a cargo van and a double decker.  GreenPower employs a clean-sheet design to manufacture all-electric buses that are purpose built to be battery powered with zero emissions.  GreenPower integrates global suppliers for key components, such as Siemens or TM4 for the drive motors, Knorr for the brakes, ZF for the axles and Parker for the dash and control systems. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowerbus.com

Forward-Looking Statements
This document contains forward-looking statements relating to, among other things, GreenPower’s business and operations and the environment in which it operates, which are based on GreenPower’s operations, estimates, forecasts and projections. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as «upon», «may», «should», «will», «could», «intend», «estimate», «plan», «anticipate», «expect», «believe» or «continue», or the negative thereof or similar variations. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or are beyond GreenPower’s control.  A number of important factors including those set forth in other public filings (filed under the Company’s profile on www.sedar.com) could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. GreenPower disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. © 2021 GreenPower Motor Company Inc. All rights reserved.

 

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SOURCE GreenPower Motor Company

Curtis Mathes Solidifies Distributorship for Canadian Cannabis Market

RALEIGH, N.C., Jan. 13, 2021 /PRNewswire/ — Curtis Mathes Corporation (OTC: TLED) has solidified a partnership with the PeaceCanna Corporation to be a distributor of Curtis Mathes Grow Lights, Inc.’s (CMGL) Harvester® in the Canadian cannabis and hemp markets. PeaceCanna has been operating since 2018 as an all-encompassing services company with a coast-to-coast distribution network that covers British Columbia through to <span…

RALEIGH, N.C., Jan. 13, 2021 /PRNewswire/ — Curtis Mathes Corporation (OTC: TLED) has solidified a partnership with the PeaceCanna Corporation to be a distributor of Curtis Mathes Grow Lights, Inc.’s (CMGL) Harvester® in the Canadian cannabis and hemp markets. PeaceCanna has been operating since 2018 as an all-encompassing services company with a coast-to-coast distribution network that covers British Columbia through to Atlantic Canada.

«This is a tremendous opportunity for Curtis Mathes,» states Robert Manes, President & Chief Operating Officer of Curtis Mathes, «PeaceCanna has established themselves as effective facilitators in the Canadian markets and we believe that their distribution network will respond very favorably to our industry-leading Harvester® lighting system.»

According to Statista, a leader in market and consumer data and reporting, the Canadian cannabis market is on pace to exceed $7 Billion in value by the end of 2021, with cultivation expanding across all 10 provinces. The governing bodies in Canada have also been regarded as leaders in environmental regulation, with numerous jurisdictions requiring energy efficient lighting modalities, such as LEDs, for cannabis cultivation.

«To us, the Harvester® LED grow light represents the intersection of innovation and environmental stewardship,» said Kyle Morley, Co-Founder of PeaceCanna, «We’re always striving to help our clients get the most out of their cultivation facilities while being energy efficient.»

About Curtis Mathes Corporation (OTC: TLED): Curtis Mathes Corporation is focused on research, development, manufacturing, and sales of state-of-the-art Solid-State Lighting (SSL) in various frequency-specific lighting technologies industries. www.curtismathes.com  /  www.cmgrowlights.com / YouTube® Channel

Forward Looking Statements: This press release contains «forward-looking statements» as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, and could cause actual outcomes and results to differ materially from the current expectations. No forward-looking statement can be guaranteed. Forward-looking statements in the press release should be evaluated together with the many uncertainties that affect Curtis Mathes Corporation’s business and Curtis Mathes Corporation undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

(PRNewsfoto/Curtis Mathes Corporation)

 

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Medcillary Responds to Congressional COVID-19 Chaos

WASHINGTON, Jan. 13, 2021 /PRNewswire/ — Seventy-four-year-old New Jersey Rep. Bonnie Watson Coleman has tested positive for coronavirus, days after being in a protective lockdown with other lawmakers inside the U.S. Capitol. She and others believe they contracted the virus after some members refused masks while sheltering in place and even reportedly mocked those who wore them.

…

WASHINGTON, Jan. 13, 2021 /PRNewswire/ — Seventy-four-year-old New Jersey Rep. Bonnie Watson Coleman has tested positive for coronavirus, days after being in a protective lockdown with other lawmakers inside the U.S. Capitol. She and others believe they contracted the virus after some members refused masks while sheltering in place and even reportedly mocked those who wore them.

«The building seen as a physical manifestation of democracy was under siege,» said Jon Boski, CEO of Dallas based healthcare distributorship and consultancy, Medcillary. «We had leaders quibbling about not wanting to wear a mask. If they can’t figure it out for themselves, how can we trust them to figure this out for us?»

Just a week earlier, the 117th Congress kicked off with the same sort of fireworks that punctuated most of the 116th. Before new members were even sworn in, Politico reported «Republican freshman Rep. Marjorie Taylor Greene’s refusal to wear a face mask on the House floor reportedly prompted a screaming match during the swearing in of the 117th Congress.»

Medcillary has sent «care packages» to Greene, Democrat House Speaker Nancy Pelosi and second term North Texas Representative Colin Allred. Allred represents the Texas district where Medcillary is headquartered.

«The time for debate and grandstanding is over,» Boski said. «The people of the Unites States of America have been begging for leadership. What we’re getting is a directionless, virus filled vacuum from both parties.»

COVID concerns have rattled both parties. At times the House floor was described as «pure chaos» during the usually tradition-filled first day of a new session – as Democrat House Speaker Nancy Pelosi reportedly reminded colleagues to socially distance. Pelosi herself has been the target of criticisms in the past for non-adherence to COVID protocols.

Boski is a COVID crusader. He and Medcillary have donated tens of thousands of masks to schools and inventoried PPE for businesses across the country. The care package, he says, contains masks, face shields and sanitizers, along with a personal message reminding politicians to keep politics out of the pandemic.

About Medcillary

Medcillary is a healthcare consultancy and distributorship helping prepare people for tomorrow, today by identifying innovative products and services that are making medicine better. The company was founded in 2015 and operates in forty-nine states from headquarters in Dallas, Texas. Medcillary can be found on the web at www.medcillary.com.

Contact:  
Bill Mellander
e. bmellander@medcillary.com    
o. 972-925-0914
m. 817-304-6276

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SOURCE Medcillary

3 Ways To Play The Electric Vehicle Boom in 2021

NEW YORK, Jan. 13, 2021 /PRNewswire/ — There’s no denying that 2020 was an incredible year for electric vehicles…And Elon Musk was the man of the hour. Never in the history of wealth accumulation has anyone shot up the ladder so quickly. In fact, Musk’s net worth skyrocketed by well over $60 billion since Tesla was included in the S&P 500 index in late December. Mentioned in today’s commentary includes:  Nio Inc. (NYSE: NIO), Workhorse Group (NASDAQ:…

NEW YORK, Jan. 13, 2021 /PRNewswire/ — There’s no denying that 2020 was an incredible year for electric vehicles…And Elon Musk was the man of the hour. Never in the history of wealth accumulation has anyone shot up the ladder so quickly. In fact, Musk’s net worth skyrocketed by well over $60 billion since Tesla was included in the S&P 500 index in late December. Mentioned in today’s commentary includes:  Nio Inc. (NYSE: NIO), Workhorse Group (NASDAQ: WKHS), Plug Power (NYSE: PLUG), Bloom Energy (NYSE: BE), FuelCell Energy (NASDAQ: FCEL).

Tesla is now the 6th largest publicly traded company in the United States by market cap, overtaking stock market staples such as Warren Buffett’s Berkshire Hathaway, Walmart, and even Johnson & Johnson. It’s already worth over $834 billion and it’s showing no signs of slowing. And its founder and CEO, Elon Musk, has become the world’s richest man in the process, climbing from $22 billion at the end of 2019 to today’s net worth of $190 billion.

While Tesla’s incredible rise has dominated headlines…It’s been paramount in making electric vehicles sexy. And the entire industry has reaped the benefits.

From EV producers and battery makers to companies building charging infrastructure, any and every company with a tie-in to electric vehicles has gotten the Tesla-bump. But this boom is just getting started.

If you thought 2020 was good for EVs, 2021 is already looking even more promising – and profitable. So what’s the best way to get in on this exciting new industry?

The Chinese EV Giant

It wasn’t so long ago that analysts and investors alike were ready to write off their losses and give up on electric vehicle manufacturer Nio Inc. (NYSE:NIO). In fact, there were even rumors that the automaker was on the brink of bankruptcy. But the Chinese Tesla rival powered on, blew away estimates, and most importantly, kept its balance sheet in line. And its efforts have paid off – in a big way.

On January 1st, 2020, Nio was trading at just $3.24 per share…But after reporting a record number of deliveries, launching its revolutionary «Battery-as-a-service» platform, and a multi-billion-dollar bump from Chinese investors, the company’s stock price skyrocketed by 1604%, starting off the year at $59 per share.

Nio has made all the right moves over the past year to turn heads on the streets and in the marketplace… From its stunningly beautiful – and fast – EP9 supercar to its new line of family-friendly high-performance sedans, Nio is well on its way to retaking control of its local market from Elon Musk’s electric vehicle giant.

And as Chinese EV sales continue to soar…Nio’s already-impressive ascension to electric superstar is only going to accelerate from here.

An Entire Electric Ecosystem

Facedrive (FD,FDVRF) was one of 2020’s most interesting stock stories. It’s not an electric vehicle manufacturer…And it’s not building EV infrastructure…It’s creating its own, entirely new, ecosystem within the industry.

It’s the tie-in of tie-ins because it’s aiming at the pulse of consumer demand. Facedrive already made headlines as the world’s first-ever carbon-offset ride-sharing and food delivery platform…But its ingenious big-picture outlook is where it truly sets itself apart from the competition.

It’s the recent acquisition of a little-known company with incredible potential for large-scale auto industry disruption that should position Facedrive perfectly for what’s to come. With Washington DC based Steer, an electric vehicle subscription service under its wing, Facedrive is now able to offer its customers their own virtual gallery of electric vehicles.

Teslas, Porsches, Audis, and more…Customers can choose any vehicle in the roster with a click of a button and the car will be personally delivered in no time at all.

Better still…This «EV on-demand» subscription allows customers to take any of the available luxury top-tier vehicles for a spin without having to worry about maintenance or insurance. Customers don’t even have to pick just one of the vehicles, they could drive a different car to work every day of the week if they chose to.

This simple – but groundbreaking – idea is important because it is exactly what many modern consumers are looking for. It’s convenience, freedom, and variety all rolled into one eco-friendly easy-to-use package. 

Driving–and «having» an EV ride–has never been more accessible. And this is exactly what promises to help push EVs over the mainstream dividing line. More significant, however, it is set to challenge the very idea of car ownership as we know it. Combine this game-changing idea, its innovative ride-sharing platform and booming delivery business with the «electrification of everything» push that is already sending any and every stock in this burgeoning new sector into the stratosphere and it’s clear that Facedrive (FD,FDVRF) is a company with lots of potential.

Nothing Can Slow The Delivery Boom

Workhorse Group (NASDAQ:WKHS) is another company that has taken a unique approach to the budding electric vehicle industry. Instead of producing consumer-facing cars, it’s looking to become to go-to supplier of delivery vehicles. And that’s not a bad thing.

In 2020, e-commerce sales soared above the $4 trillion-dollar mark, and that number is expected to grow to over $6.5 trillion in the next two years. That means there are a lot of deliveries being made…And lots of vehicles making those deliveries.

Coupled with growing global pressure to go green, electric delivery vehicles are quickly becoming a must-have for the biggest online retailers on the planet…and that demand is set to grow exponentially in the coming years.

This is Workhorse’s ace-in-the-hole. And it’s not limited to the highways, either. Workhorse’s HorseFly unmanned aerial delivery vehicle is poised to change the way we receive packages…And it’s already drawing a lot of attention.

In fact, even the United States Postal Service is showing interest.  Though the contract has been delayed, briefly weighing on Workhorse’s stock price, shareholders still see the value in its efforts, and more importantly, the market it is looking to capture.

In 2020, Workhorse saw its share price skyrocket by over 658%. The USPS delay on its orders aside, that’s still a pretty hefty return and sure to keep shareholders at bay for the time being. And analysts seem to agree.

Oppenheimer analyst Colin Rusch notes, «As the only US-based full EV supplier remaining in the bid, we believe the company remains well positioned to win a sizable portion of the contract. At the same time, we believe activity among buyers of last-mile delivery vehicles is accelerating and that WKHS could see additional customer wins before year-end.»

BONUS: Infrastructure And Energy

Plug Power (NYSE:PLUG) is one of those plays that defines speculation. But here’s the thing: it’s based on an industry that’s on track to be worth $11 trillion.  This is a hydrogen fuel cell play, and the massive money inflow around hydrogen could keep PLUG–a highly volatile stock of late–pumping along nicely.

In Q2, it delivered an earnings surprise of 66.67%. It’s outperforming the market wildly, so why did investors get cold feet on November 10th, after piling into it hours before? Quite simply: This run on hydrogen is a new thing and no one can pinpoint what might come next for this stock. If investors are getting cold feet, all it takes is a bit of a reminder as to how much money is pouring into hydrogen right now.

Plug is riding high the hydrogen hype. Its share price is up over 1200% since last January, and it’s showing no signs of slowing. Hydrogen is already being touted as the fuel of the future, and a vital component in the world’s race to reduce carbon emissions. 

California-based Bloom Energy (NYSE:BE), for its part, designs, manufactures and sells solid-oxide fuel cell systems. And, yes, there’s been a ton of cash burn up to this point, but it’s heralding massive innovation–and that’s what tech startups are all about. Growth runways, not immediate profit.  That’s why the world is willing to throw tons of money at our innovative future. Eventually, the narrative changes and for the successful companies, the cash burn stops and there starts to be payback for investors. Anyone who didn’t get in on time got left in the innovation dust.

That’s what’s already happening with Bloom. Savvy investor patience is paying off. Bloom is now on track to be the first fuel cell maker to become cash-flow positive.  And this could all be about to get even bigger. Why? Because this relatively small company is thinking in huge terms: We’re not just talking about fuel cells for construction vehicles or to power remote electricity generation … Bloom is thinking far bigger than that. It’s targeting utility-scale applications of fuel cells and industrial-scale applications, and drawing in some very big names in the process.

Thanks to Bloom’s forward-thinking approach to this burgeoning market, it has seen its share price soar from $7.88 at the start of the year to $34.74 at the time of writing. In the stock world, a 310% return is never a bad thing. But as this sector grows, so to could Bloom’s market cap.

FuelCell Energy (NASDAQ:FCEL) is another alternative fuel stock that has turned heads on Wall Street. Up over 219% year to date, FuelCell has been one of the biggest winners over the election season, with President-elect Joe Biden campaigning for a carbon-free America. In fact, analysts even estimate the U.S. could spend as much as $1.7 trillion on clean energy initiatives over the next 10 years. And that’s great news for companies like Blink, Plug and FuelCell.

Though many expect FuelCell to return to earth in the short-term, its long-term trajectory is solid. It has spent years building a patent moat and developing solutions that will tie into the energy transition perfectly.

FuelCell may be expected to see a hit due to its looming Q4 earnings report, which is expected to go poorly, but the company has managed to take advantage in its earlier rally, raising net proceeds of over $150 million in a public offering of 25 million shares. And as more money piles into the industry, companies like Plug, Bloom and FuelCell are set to win big.

By. Nick Shaw

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Forward-Looking Statements

Forward looking statements in this publication include that Facedrive’s EV car rental & leasing services will attract many users; that transport in an EV will become much more popular and that Facedrive will be able to carry out its business plans. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially.  Risks that could change or prevent these statements from coming to fruition include that riders are not as attracted to EV rides as expected; that competitors may offer better or cheaper alternatives to the Facedrive businesses; Facedrive’s ability to obtain and retain necessary licensing in each geographical area in which it operates; and whether markets justify additional expansion. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

DISCLAIMERS

This communication is not a recommendation to buy or sell securities. Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively «the Company») owns a considerable number of shares of FaceDrive (FD.V) for investment, however the views reflected herein do not represent Facedrive nor has Facedrive authored or sponsored this article. This share position in FD.V is a major conflict with our ability to be unbiased, more specifically:

SHARE OWNERSHIP. The owner of Oilprice.com owns a substantial number of shares of this featured company and therefore has a substantial incentive to see the featured company’s stock perform well. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of this issuer in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.

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New Data Confirms Alarming Trend: COVID-19 Fears Are Causing Americans To Avoid The Doctor’s Office And Delay Routine Care

WASHINGTON, Jan. 13, 2021 /PRNewswire/ — According to a new national survey released today by the Society for Cardiovascular Angiography & Interventions (SCAI), nearly 40 percent of Americans still do not feel safe going to the doctor’s office while coronavirus (COVID-19) is still a risk. As the United States approaches the one-year mark of the ongoing pandemic, these results underscore concerns that many Americans are not maintaining their overall health through…

WASHINGTON, Jan. 13, 2021 /PRNewswire/ — According to a new national survey released today by the Society for Cardiovascular Angiography & Interventions (SCAI), nearly 40 percent of Americans still do not feel safe going to the doctor’s office while coronavirus (COVID-19) is still a risk. As the United States approaches the one-year mark of the ongoing pandemic, these results underscore concerns that many Americans are not maintaining their overall health through routine care due to fears of COVID-19.

This new data comes at an important time when there has been a more than 20 percent decrease in primary care visits since the onset of the COVID-19 pandemic (JAMA), and a nearly 40 percent drop in patients being treated for a life threatening cardiac event known as a STEMI (JACC). In fact, SCAI’s nationally representative survey, conducted with DEFINITION6, found more than 30 percent of Americans have not had a routine check-up with their doctor since the pandemic began and more than half would be uncomfortable scheduling a medical procedure while COVID-19 is still a risk. More than 45 percent of African American and Latinx adult respondents would be uncomfortable going to the doctor’s office, compared to only 25 percent of the general population. 

«COVID-19 has changed the healthcare landscape as we know it, with consequences that will reverberate potentially for years to come. One challenge we can help prevent today is the impact of chronic disease among individuals who have fallen out of care due to fear of the virus,» said Cindy Grines, MD, MSCAI, SCAI president, and chief scientific officer, Northside Cardiovascular Institute in Atlanta. «Cardiac care can’t wait for a time without COVID-19. We’ve seen an increase in medical emergencies like heart attacks and stroke, and the impact of cardiac patients delaying treatment for progressive heart conditions like aortic stenosis and atrial fibrillation, which can result in more complications and time spent in the hospital. For the millions of patients with heart disease, don’t let fear stand in the way of better outcomes and quality of life.» 

Chronic diseases like cardiovascular disease, stroke and diabetes are known to disproportionately impact minority populations. When it comes to heart health, African American adults ages 18-49 are two times as likely to die from heart disease than whites (CDC). Yet, African American and Latinx adults feel less safe going to the doctor’s office during the ongoing pandemic compared to the general population. Only 25 percent of African American adults and 29 percent of Latinx respondents currently feel comfortable scheduling a medical procedure, compared to 48 percent of the general population.

«Although COVID-19 is still a risk, we cannot let fear cause patients with heart disease to pause treatment for their condition or ignore other aspects of their health,» said Kirk N. Garratt, MD, MSc, MSCAI, medical director, Center for Heart & Vascular Health, ChristianaCare in Newark, Del., and SCAI past president. «Now more than ever, it is crucial to stay in care: keep regular check-ups on the calendar, take advantage of telemedicine when available, get the COVID-19 vaccine, and go through with possibly life-saving procedures. Remember, heart disease isn’t in quarantine – when it comes to your health, seconds still count.» 

To help combat these fears, SCAI is educating and empowering individuals to stay in care, especially when it comes to managing their heart health. The Seconds Still Count Campaign is working to help Americans remember the signs of a heart attack or stroke and remind people to continue consistent treatment and maintenance for overall health.

Key Survey Highlights

  • Nearly 40 percent of Americans do not feel safe going to a doctor’s office during COVID-19
  • More than 30 percent of Americans have not had a routine check-up with their doctor since the COVID-19 pandemic began
  • More than half (51 percent) of people do not feel comfortable scheduling a medical procedure during the COVID-19 pandemic
    • Only 25 percent of Black/African Americans and 29 percent of Latinxs would be comfortable scheduling a medical procedure
  • Only 33 percent of Black and African Americans and 34 percent of Latinx respondents would be comfortable going to the hospital for an emergency while COVID-19 is still a risk, compared to 58 percent of the general population
  • More people are afraid of contracting COVID-19 (58 percent) than having a heart attack or stroke (42 percent)

Seconds Still Count Checklist

  • Stay in Care – Whether you are due for an annual visit, preventative screening or meeting with specialist, schedule in-person or telehealth visits to stay connected.
  • Patients with chronic illnesses, particularly cardiovascular disease, should continue to regularly communicate with their physician to schedule check-ups and monitor ongoing symptoms.
  • Know your symptoms that could signal a major medical emergency like a heart attack or stroke.
  • Seconds Still Count when it comes to survival. Visit secondscount.org to learn more.

About the Survey
SCAI’s Seconds Still Count fielded three surveys to better understand perceptions from the general population, the Latinx population and the Black/African American population.

  • General Population: This survey included 1,005 responses from a nationally representative sample over age 18. The confidence level for the survey is 95 percent with a margin of error of ±3.09.
  • Latinx Population: This survey included 1,023 responses from a sample of Latinx respondents using census data for age and sex balancing. All respondents are over age 18. The confidence level for the survey is 95 percent with a margin of error of ±3.06.
  • Black/African American Population: This survey included 1,041 responses from a sample of Black/African American respondents using census data for age and sex balancing. All respondents are over age 18. The confidence level for the survey is 95 percent with a margin of error of ±3.04.

About the Seconds Still Count Campaign:
Seconds Still Count is part of SCAI’s ongoing efforts to promote healthy hearts, one family at a time. In 2020, with the onset of COVID-19, SCAI evolved its Seconds Count Campaign to remind the public that fear of the virus should not stop people from seeking treatment for heart attack or stroke. The campaign works to raise awareness of cardiovascular health and wellness, including prevention, management and treatment of cardiovascular disease, and ensure patients receive care they need for ongoing health issues and acute medical emergencies. When patients and their families are educated about cardiovascular health, they are better prepared to navigate the medical system and actively participate in their care.

About SCAI: 
The Society for Cardiovascular Angiography and Interventions is a professional organization representing more than 4,000 invasive and interventional cardiology professionals in approximately 75 nations. SCAI’s mission is to promote excellence in invasive/interventional cardiovascular medicine through physician education and representation, and advancement of quality standards to enhance patient care.

For more information, visit secondscount.org/.

Contact:
Kim Powell, kpowell@scai.org, 202-498-2601 
Maureen Abel, mabel@brgcommunications.com, 443-631-5090

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SOURCE Society for Cardiovascular Angiography & Intervention

WSSA and Affiliated Science Societies Share Plans for 2021 Virtual Annual Meetings

WESTMINSTER, Colo., Jan. 13, 2021 /PRNewswire-PRWeb/ — Today the Weed Science Society of America (WSSA) and two of its regional affiliates released details on their upcoming virtual annual meetings – each focused on research, innovations and best practices in weed control.

Details are below, listed in chronological order.

  • Southern Weed Science Society (SWSS), January 25-26, 2021

First up will be the SWSS annual meeting,…

WESTMINSTER, Colo., Jan. 13, 2021 /PRNewswire-PRWeb/ — Today the Weed Science Society of America (WSSA) and two of its regional affiliates released details on their upcoming virtual annual meetings – each focused on research, innovations and best practices in weed control.

Details are below, listed in chronological order.

  • Southern Weed Science Society (SWSS), January 25-26, 2021

First up will be the SWSS annual meeting, based on the theme «Moving Obstacles.» The session will kick off on January 25 with a day of virtual talks by student weed scientists. A general session on January 26 will feature speakers from various backgrounds who will share the challenges they’ve faced in their careers, the paths they’ve traveled and the passions that have driven their success. A business meeting and annual awards presentation will wrap up the event. Registration information and further details are available online.

  • Weed Science Society of America, February 15-19, 2021

WSSA’s annual meeting will include an annual awards presentation, oral and poster presentations, a business meeting, and special networking sessions for both graduate students and women in weed science. Five special symposia will be offered, including:

  • Advances in sensor-based weed detection and precision management
  • A history, overview and plan of action on PPO-inhibiting herbicides
  • Beyond the boom – benefits of weed and brush management in grasslands
  • Optimizing invasive aquatic plant management, monitoring and outreach efforts to meet regional needs
  • Sustainable weed management – what is it and how are we doing?

Prerecorded presentations will be followed by live question and answer sessions. Further details and conference registration are available online.

  • Western Society of Weed Science (WSWS), March 1-4, 2021

WSWS will host a joint meeting with the Western Aquatic Plant Management Society. Three symposia are planned for the joint event:

  • Updates from weed biocontrol: an unsung component of integrated weed management on land and in water
  • Annual invasive grass management
  • Are herbicide-resistant crops the solution to herbicide-resistant weeds?

The meeting will maintain popular components of previous face-to-face gatherings, including student contest presentations, student night out, an opening reception, awards presentations, a general business meeting and networking opportunities. Further details will be posted online as they become available.

About the Weed Science Society of America

The Weed Science Society of America, a nonprofit scientific society, was founded in 1956 to encourage and promote the development of knowledge concerning weeds and their impact on the environment. The Society promotes research, education and extension outreach activities related to weeds, provides science-based information to the public and policy makers, fosters awareness of weeds and their impact on managed and natural ecosystems, and promotes cooperation among weed science organizations across the nation and around the world. For more information, visit http://www.wssa.net.

Media Contact

Lee Van Wychen, National & Regional Weed Science Societies, 202-746-4686, lee.vanwychen@wssa.net

Twitter

 

SOURCE Weed Science Society of America

Defense Metals Corp. and SRC Investigate XRT Ammenability of Wicheeda Rare Earth Element Mineralization

VANCOUVER, BC, Jan. 13, 2021 /PRNewswire/ – Defense Metals Corp. («Defense Metals» or the «Company«) (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce that it has commissioned the Saskatchewan Research Council («SRC«) to complete an X-Ray Transmission («XRT«) sorting amenability study with respect to mineralized feed sourced from its 1,708 hectare (4,220 acre) Wicheeda Rare Earth Element (REE) Property («Wicheeda«) located close to existing…

VANCOUVER, BC, Jan. 13, 2021 /PRNewswire/ – Defense Metals Corp. («Defense Metals» or the «Company«) (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce that it has commissioned the Saskatchewan Research Council («SRC«) to complete an X-Ray Transmission («XRT«) sorting amenability study with respect to mineralized feed sourced from its 1,708 hectare (4,220 acre) Wicheeda Rare Earth Element (REE) Property («Wicheeda«) located close to existing infrastructure near Prince George, British Columbia (BC).

Defense Metals and SRC have been awarded National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) funding, a Government of Canada funded program mandated to provide financial support for technology innovation. Funding awarded under the NRC IRAP will cover approximately 70% of the estimated cost of the XRT amenability study test-work.

The Wicheeda project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO1. Flotation pilot-plant processing of a 26-tonne bulk sample of Wicheeda REE material yielded a mineral concentrate averaging 7.4% NdPr oxide (neodymium-praseodymium) critical magnet metals2.

The objective of the SRC amenability study is to investigate XRT sorting for the purpose of upgrading Wicheeda REE mineralization prior to downstream processing.  Sensor based sorting has several advantages when applied to REE mining projects in that beneficiation occurs without water and with reduced grinding requirements. The investigation will assess how much gangue can be removed from the head feed. The investigation will then carry out an iterative study of different sorting sizes to process in the XRT sorter assessing both the grade of the upgraded concentrate and the grade of the waste for economic studies whereby the optimum operational parameters can be determined. 

XRT sorting has the potential to realize several significant project benefits including:

  • Relatively low-cost gangue (unmineralized waste) removal and volume reduction at the front-end of the Wicheeda REE processing stream;
  • Potential to have a significant positive benefit on downstream flotation and hydrometallurgical processes via reduced water, heating, and reagent consumption costs; and
  • Depending on the success of the test-work these reductions may contribute to overall lower size / throughput and capital cost of potential future commercial REE concentration and refining facilities at Wicheeda.

Craig Taylor, CEO comments:

«Defense Metals looks forward to investigating the potential of low-cost front-end upgrading of Wicheeda REE mineralization via XRT sorting. We have already demonstrated the ability to produce a greater than 50% REO concentrate during flotation pilot plant test-work and we hope unlocking the benefits of XRT sorting will yield downstream processing benefits of increased head grade, flotation concentrate, and hydrometallurgical feed streams».

Details of XRT Study Methodology

X-ray Transmission (XRT) Analysis:

The XRT investigation requires the selection of large samples containing both gangue and REE mineralization for analysis. The samples are analysed using:

  • Dual energy X-ray transmission measurements (DE-CT), and
  • QEMSCAN for calibration and mineral identification and modal mineralogy.

Photographs of the polished QEMSCAN samples are used to verify the atomic differences measured by DE-CT. The modal mineralogy is used to determine REE grades.

Image Analysis:

The DE-CT images are analyzed using different sized grids to determine how much gangue can be removed for a range of particle sizes. This process determines the upgrading possibilities for different sorting sizes, the grade of the concentrate and the grade of the waste. 

Wicheeda REE Project

The Wicheeda REE project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO3.

Qualified Person

The scientific and technical information contained in this news release as it relates to the Wicheeda REE Property has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a «Qualified Person» as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. 

About Defense Metals Corp.

Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, military, national security and the production of «GREEN» energy technologies, such as, high strength alloys and rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol «DEFN» on the TSX Venture Exchange, in the United States, under «DFMTF» on the OTCQB and in Germany on the Frankfurt Exchange under «35D».

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding Forward Looking Information

This news release contains «forward–looking information or statements» within the meaning of applicable securities laws, which may include, without limitation, statements relating to the Company’s plans for its Wicheeda project, XRT study and the expected benefits and results therefrom, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at www.sedar.com. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.

_____________________
  1. Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo) is available under Defense Metals Corp.’s profile on SEDAR (www.sedar.com)
  2. See Defense Metals News Release date September 23, 2020
  3. Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo) is available under Defense Metals Corp.’s profile on SEDAR (www.sedar.com)

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SOURCE Defense Metals Corp.

ElectrifAi anuncia la ampliación de su oferta de modelos de aprendizaje automático para Amazon SageMaker

Soluciones empresariales de aprendizaje automático rápidas y confiables

JERSEY CITY, Nueva Jersey, 13 de enero de 2021 /PRNewswire/- – ElectrifAi, una de las empresas líderes del mundo en modelos prácticos de inteligencia artificial (IA) y aprendizaje automático (ML) de modelos preconstruidos, anunció hoy la ampliación de su oferta de ML de modelos preconstruidos y preestructurados para Amazon SageMaker, que incluye modelos disponibles de las colecciones Computer Vision e…

Soluciones empresariales de aprendizaje automático rápidas y confiables

JERSEY CITY, Nueva Jersey, 13 de enero de 2021 /PRNewswire/- – ElectrifAi, una de las empresas líderes del mundo en modelos prácticos de inteligencia artificial (IA) y aprendizaje automático (ML) de modelos preconstruidos, anunció hoy la ampliación de su oferta de ML de modelos preconstruidos y preestructurados para Amazon SageMaker, que incluye modelos disponibles de las colecciones Computer Vision e Image Analytics. Amazon SageMaker es un servicio de ML de Amazon Web Services (AWS) que ayuda a los científicos y desarrolladores de datos a preparar, desarrollar, capacitar e implementar rápidamente modelos de ML de alta calidad al reunir una amplia gama de capacidades diseñadas específicamente para ML.

ElectrifAi ya ha publicado 58 modelos de aprendizaje automático. 

La nueva serie de modelos Computer Vision puede funcionar en cámaras, lo que hace posible nuevos tipos de aplicaciones, y resuelve desafíos nuevos. Por ejemplo, las cámaras montadas en drones pueden utilizarse para rastrear personas, vehículos y animales, incluso cuando la cámara y el objeto de interés se mueven rápidamente. También se pueden agregar capacidades de análisis de audio para perfeccionar la solución general.

Ejemplos de casos de uso de Computer Vision de ElectrifAi:

  • Ave inteligente (dron) para el control perimetral
  • Cámara de cuerpo inteligente para la aplicación de la ley
  • Identificación de la condición de la piel basada en imágenes listas para usar
  • Mayor seguridad en el lugar de trabajo
  • Identificación de una persona específica en una multitud
  • Mantenimiento del bienestar de los animales en las granjas

Los modelos Image Analytics pueden detectar, segmentar y marcar anomalías médicas con precisión para Amazon SageMaker, lo que permite monitorear el avance de una enfermedad o el éxito o fracaso de un protocolo de tratamiento. El modelo también puede identificar una amplia gama de enfermedades de la piel casi al instante a partir de una imagen tomada con un smartphone común.

Ejemplos de casos de uso de Image Analytics de ElectrifAi:

  • Se puede usar en puntos de entrada/salida
  • Se puede implementar en cualquier lugar con la ayuda de dispositivos portátiles de rayos X
  • Rastreo rápido de personas
  • Medición objetiva de la eficacia de los protocolos de tratamiento a lo largo del tiempo
  • Se puede utilizar para ayudar a visualizar características anatómicas internas, marcadores de identificación de enfermedades u otras afecciones respiratorias

«Computer Vision a la vanguardia está cambiando las reglas del juego de la IA. Nos entusiasma ver cómo estos nuevos modelos harán que rápidamente surjan aplicaciones nuevas», afirmó Jim McGowan, vicepresidente sénior de Socios de la nube y director de Producto de ElectrifAi. «Estos modelos ocultan toda la complejidad detrás de una interfaz directa, simplificando el proceso de construir todo tipo de herramientas nuevas».

Los modelos de ML en el AWS Marketplace están disponibles en todo el mundo. Haga clic aquí para acceder a nuestros modelos preentrenados y nuestros servicios asociados con el fin de acelerar la adopción del ML en su empresa.

Acerca de ElectrifAi
ElectrifAi es líder mundial en el desarrollo de modelos de aprendizaje automático listos para empresas. La misión de ElectrifAi es ayudar a que las empresas cambien la forma en que trabajan a través del aprendizaje automático: impulsando la reducción de costos y la mejora de los beneficios y del rendimiento. Fundada en 2004, ElectrifAi ostenta un experimentado liderazgo en la industria, un equipo global de expertos en el campo y una reconocida trayectoria en la transformación de datos estructurados y no estructurados a escala. Una gran biblioteca de productos basados en la inteligencia artificial cubre funciones empresariales, sistemas de datos y equipos para obtener resultados superiores en tiempo récord. ElectrifAi cuenta con unos 200 expertos en ciencia de datos, ingenieros de software y empleados con una reconocida trayectoria de manejo de más de 2000 implementaciones para el cliente, principalmente para empresas incluidas en la lista Fortune 500. La misión de ElectrifAi gira en torno a su compromiso de hacer que la inteligencia artificial y el aprendizaje automático sean más comprensibles, prácticos y rentables para los negocios e industrias de todo el mundo. ElectrifAi tiene su oficina central en Jersey City, con sucursales en Shanghái y Nueva Delhi. 

Logotipo: https://mma.prnewswire.com/media/1321884/ElectrifAi_Logo.jpg

 

 

FUENTE ElectrifAi

Moxy Austin-University Debuts for the Young-at-heart Looking to Work Hard, Play Hard

AUSTIN, Texas, Jan. 13, 2021 /PRNewswire/ — Moxy Austin-University has officially opened its doors as the first Moxy hotel to debut in Texas, tucked directly alongside the University of Texas at Austin campus. Owned by White Lodging and part of…

AUSTIN, Texas, Jan. 13, 2021 /PRNewswire/ — Moxy Austin-University has officially opened its doors as the first Moxy hotel to debut in Texas, tucked directly alongside the University of Texas at Austin campus. Owned by White Lodging and part of Marriott International’s experiential Moxy Hotels brand, the new destination allows spirited ‘Fun Hunters’ to revel in the playground that consists of a hotel, cocktail bar and 24-hour taco counter buzzing with positive energy and creativity.

Just steps from sorority and fraternity row, Moxy Austin-University offers 162 rooms featuring an industrial chic style

The new playful Moxy hotel is designed for the young-at-heart who don’t want to be confined to a conventional hotel stay. Guests are given permission to break the rules and play on in a fun, vibrant setting featuring bustling indoor and outdoor social spaces, stylish and affordable guest rooms, and an energetic scene from day to night.

Just in time for the spring semester and steps from sorority and fraternity row, Moxy Austin-University offers 162 bedrooms featuring an industrial chic style with in-room features from plush platform beds to a fun-size work surface, and peg walls instead of closets.

And, it’s not only the hotel getting the attention at the corner of Guadalupe and West 26th streets.

Work Hard, Play Hard | All Day, All Night

The hotel’s first level features Bar Moxy – a 150-seat indoor ‘living room’ and outdoor ‘backyard’ space complete with lounge seating, fire features and an interactive guestbook that streams Instagram images and videos from Moxy guests around the globe. Upon arrival, guests can check in at the bar where they will be greeted with a complimentary ‘Got Moxy’ cocktail. The living room’s library is set up to chill out and get the creative juices flowing.

Hungry? The first level also features Zombie Taco, a 24-hour taco counter and walk-up window where customers can ‘live a little’ and experience taco dreams they never knew they had. From burritos to crisps and taquitos, Zombie Taco has everything you crave. This is the concept’s third location after opening to rave reviews and national recognition in Chicago in 2018 and Louisville in 2019.

The property will lean into its identity near the university with activations that will include a 21+ Moxy YOUniversity with a syllabus offering events and celebrations of campus life, fun and its guests (YOU). Discounts, specials and events will include Fraternity Fridays and Sorority Saturdays. Faculty and staff will also have their own dedicated night – Monday – to help start the week with a bang.

The nearly all-female leadership team at the Moxy Austin-University is captained by Lynn Snyder. Snyder was co-captain of Moxy Chicago’s opening team, which earned Marriott’s Opening of the Year award for 2018 and gained international attention for its experience and food. 

«The space at Moxy is unlike any other near campus and we’re assembling the best team to bring the #PlayOn mantra to life in safe and unexpected ways,» said Snyder. «I’ll just say this: if you thought Austin was weird before, buckle up.»

In honor of being the 22nd Moxy in the United States, Moxy Austin-University is offering Moxy Ya‘ll Grand Opening Offer a discount of 22 percent off hotel stays and a free swag bag through May 18, 2021.  Follow Moxy Austin-University on Facebook at www.facebook.com/moxyaustin.

Moxy Austin-University is committed to implementing Marriott International’s Commitment to Clean operating standards and protocols that include enhanced health and safety standards. To welcome guests and put them at ease, Marriott has put in place a number of new enhanced cleanliness protocols including guest and associate face covering requirements, social distancing policies, reduced seating capacity, frequent cleaning of high-touch areas, hand sanitizing stations throughout the hotel and mobile technology.

For more information on Moxy Austin-University, visit www.moxyaustinuniversity.com or call 737-471-2621.

White Lodging Loves Austin

This is White Lodging’s third Moxy hotel with the others located in Chicago and Louisville. White Lodging will own and operate the property and is hosting Moxy Crew Auditions to fill additional roles. Opportunities can be found at www.whitelodging.com/case-studies/moxy-austin/.

White Lodging currently owns and/or operates 14 other hotels and more than 10 restaurants and/or bars in the Austin market, including the recently opened Zanzibar – a lush tropical rooftop terrace seven stories up and a world away.

About White Lodging

White Lodging, established in 1985, is one of the leading ownership, development, and management companies in America. An innovative trendsetter, the organization’s portfolio includes convention, urban lifestyle, and suburban select hotels with more than $1 billion in managed revenue. White Lodging operates more than 90 premium hotels, 40 restaurants and 30 brands in 19 states. Success knows no boundaries at White Lodging, where associates and leadership have consistently earned superior guest satisfaction scores, top market share and industry-leading profit margins while recruiting the best, brightest, and most passionate professionals in every discipline for three decades. White Lodging is a proud winner of the Gallup Great Workplace Award. For more information about White Lodging, visit www.whitelodging.com, or connect on Facebook, Twitter, LinkedIn and Instagram.

About Moxy Hotels

Moxy offers a playful hotel experience for the young at heart. With more than 70 properties open across North America, Europe, and Asia Pacific, Moxy breaks the rules of a conventional hotel stay across the globe. The nontraditional experience starts with check-in at Bar Moxy and can be felt throughout the social public spaces, like the Lounge and Library, and the small but smart bedrooms. Moxy provides stylish, industrial design and sociable service at an attractive price point, so that guests can splurge on the experiences that matter most to them during their travels. Moxy strives to cultivate fun and spontaneity in all aspects of one’s stay, forever giving its guests permission to Play On #atthemoxy. For more information, visit www.moxyhotels.com and join the fun #atthemoxy on Instagram. Moxy is proud to participate in Marriott Bonvoy, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments, and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit MarriottBonvoy.com.   

Media Contacts:
Mike Banas
White Lodging
219.472.2861 | mike.banas@whitelodging.com
Christine Lin
Marriott International
212.365.8363 | christine.lin@marriott.com

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SOURCE White Lodging

TIU Canada Court Case Against Nikopol Ferroalloy Goes to Trial Today

KYIV, Ukraine, Jan. 13, 2021 /PRNewswire/ – The court case of TIU Canada against the Nikopol Ferroalloy Plant (NFZ) for illegal disconnection goes to trial today in the Kyiv Commercial Court (at 44B Bohdana Khmelnytskoho street).  The 10.5 MW solar station was disconnected from the electricity grid by NFZ on March 2, 2020, despite the fact that under Ukrainian law, only electricity producers may authorize a disconnection from the…

KYIV, Ukraine, Jan. 13, 2021 /PRNewswire/ – The court case of TIU Canada against the Nikopol Ferroalloy Plant (NFZ) for illegal disconnection goes to trial today in the Kyiv Commercial Court (at 44B Bohdana Khmelnytskoho street).  The 10.5 MW solar station was disconnected from the electricity grid by NFZ on March 2, 2020, despite the fact that under Ukrainian law, only electricity producers may authorize a disconnection from the electricity grid.  TIU Canada is seeking an immediate reconnection to the electricity grid and plans to hold the NFZ and its shareholders fully accountable under the law. The main shareholders of the Nikopol Ferroalloy Plant are Igor Kolomoyskyi, Gennadiy Bogolyubov, and Viktor Pinchuk.  Today’s hearing is the first trial date in the case (#910/3844/20) from the conclusion of preliminary hearings last month.

The Nikopol solar station owned by TIU Canada is on land leased long term from the city of Nikopol. The solar plant connects to a substation on the grounds of the NFZ. On December 23, 2019, TIU Canada received a letter from the General Director of the NFZ, that they would be disconnecting the TIU Canada connection to grids via the substation on the grounds of the NFZ in order to make ‘repairs.’ The NFZ stated that they would begin the repairs after February 29, 2020, and TIU Canada immediately contacted the NFZ to seek solutions to avoid any disconnection. However, despite multiple discussions, the NFZ management and shareholders proceeded with disconnecting TIU Canada from the substation on the morning of March 2, 2020. This illegal disconnection has caused more than 1.5 million Euros of damage to TIU Canada already and increases daily.

The case is viewed as a test of the Zelensky’s administration’s commitment to protecting foreign investors. It should be noted that on July 3, 2019, while speaking to the Economic Club of Canada, Ukrainian President Volodymyr Zelensky praised the work of TIU Canada at the Toronto Ukraine Reforms Conference. He said, «We think about the future, that is why green energy will be one of the key sectors of our economy during the upcoming years. I know that we have here Canadian company TIU that already successfully works in this area. We are grateful to them for this – please, follow their example».

TIU Canada is owned by the Calgary based Refraction Asset Management, has been working in Ukraine since 2016, and is a leading solar energy producer. The company commissioned a 10 ½ megawatt solar energy plant in Nikopol, Ukraine, in January 2018, and an 11-megawatt solar station in the Mykolayiv region in April 2019. An additional 33 megawatts of solar electricity production have been commissioned in the Odesa region, for a total of 54 megawatts nationwide. TIU Canada has invested more than $65 million in Ukrainian solar energy over the last four years and was the first investor in Ukraine under the Canadian Ukrainian Free Trade Agreement (CUFTA).

TIU Canada directly and through its subcontractors employs more than 30 people in Ukraine whose jobs are now threatened by this illegal disconnection.

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SOURCE TIU Canada