enero 2021 – Página 267

CBAK Energy Partners With JAC Motors to Jointly Develop New Battery Cells

DALIAN, China, Jan. 11, 2021 /PRNewswire/ — CBAK Energy Technology, Inc. (NASDAQ: CBAT) («CBAK Energy», or the «Company»,), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that it has signed a three-year strategic agreement (the «Agreement») with Anhui Jianghuai Motors Group Co., Ltd (SSE: 600418) («JAC Motors») for joint product development.

JAC Motors is a Chinese state-owned automobile and commercial vehicle manufacturer. Founded in 1964,…

JAC Motors is a Chinese state-owned automobile and commercial vehicle manufacturer. Founded in 1964, JAC Motors is among the top four domestic Chinese vehicle brands, has an R&D team of 5,000 people, and is focused on producing energy-saving, environmentally friendly, safe, smart, Web-enabled, and comfortable vehicles. As a pioneer in China’s alternative energy vehicle industry, JAC Motors currently provides an expansive electric vehicle product line encompassing SUVs, sedans, and other passenger vehicles. It owns a world-class battery cooling technology and is the sole producer of such technology in China. By the end of 2019, JAC Motors has exported over 640,000 vehicles to the international market.

The strategic agreement that CBAK Energy has reached with JAC Motors will combine the former’s extensive experience in the research, development, and manufacturing of battery cells with the latter’s technology capabilities and electric vehicle industry leadership. By leveraging their shared expertise in product development and applications of both automotive power batteries and battery pack technologies, the two companies plan to jointly develop cylindrical lithium-ion batteries and battery packs, including the 46800 model.

Pursuant to the Agreement, the Company will provide customized implementation solutions for power batteries and battery packs based on the latest technical requirements of JAC Motors. Additionally, the two companies will also establish a joint research and development team to design, test, and enhance the adaptability of their new products in electric vehicles. In addition, JAC Motors has committed to prioritizing the implementation of those batteries and battery pack systems jointly developed by the two companies for its future productions of electric vehicles.

The partnership will leverage the Company’s battery technology leadership and JAC Motors’ world-class automotive R&D capabilities to accelerate the growth of both parties. More broadly, by working together, the two companies plan to advance the technology of automotive power batteries and actively explore the implementation of a partnership model that is both effective and capable of advancing their businesses going forward.

About CBAK Energy

CBAK Energy Technology, Inc. is a leading high-tech enterprise engaged in the development, manufacturing, and sales of new energy high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply (UPS), and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian and Nanjing, as well as a large-scale R&D and production base in Dalian.

For more information, please visit www.cbak.com.cn.

Safe Harbor Statement

This press release contains forward-looking statements, which are subject to change. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All «forward-looking statements» relating to the business of CBAK Energy Technology, Inc. and its subsidiary companies, which can be identified by the use of forward-looking terminology such as «believes», «expects» or similar expressions, involve known and unknown risks and uncertainties which could cause actual results to differ materially. These factors include but are not limited to: the ability of the Company to meet its contract or agreement obligations; the uncertain market for the Company’s lithium battery cells; business, macroeconomic, technological, regulatory, or other factors affecting the profitability of battery cells designed for energy storage; and risks related to CBAK Energy’s business and risks related to operating in China. Please refer to CBAK Energy’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, as well as other SEC reports that have been filed since the date of such annual report, for specific details on risk factors. Given these risks and uncertainties, you are cautioned not to place undue reliance on forward-looking statements. CBAK Energy’s actual results could differ materially from those contained in the forward-looking statements. CBAK Energy undertakes no obligation to revise or update its forward-looking statements in order to reflect events or circumstances that may arise after the date of this release unless expressly requested by applicable law.

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SOURCE CBAK Energy Technology, Inc.

GreenPrint Expands the IMPACT COLLECTIVE Sustainability Initiative

ATLANTA, Jan 11, 2021 /PRNewswire/ — GreenPrint, a global environmental technology company, today announced the expansion of IMPACT COLLECTIVE, adding five members in the second half of 2020 to this group of companies committed to sustainability. New members Happy Campers, HOLISTIK Wellness, Atlanticus, Nekktar, and IncrEDIBLE Spoon will join natural and organic companies including Prayani, Bitsy’s, and Natreve, and other leading brands in combating carbon emissions and addressing their plastic,…

IMPACT COLLECTIVE, founded just a year ago by GreenPrint, provides turnkey solutions for products and packaging, allowing member brands to augment their sustainability initiatives and reduce their environmental footprint without disrupting their ongoing operations. With GreenPrint’s help, IMPACT COLLECTIVE members quantify, mitigate, and offset their carbon, plastic, energy and water consumption and invest in certified projects and programs. To communicate their commitment to positive change, IMPACT COLLECTIVE brands carry four Reduced-IMPACT seals on their packaging.

«We’re incredibly proud of the traction IMPACT COLLECTIVE is gaining and the growing effect it is having. As of December 2020, we’ve offset the equivalent of carbon sequestered by 1875 acres of forest for one year and removed the equivalent of 31,300 plastic bottles from the ocean.» Pete Davis, CEO of GreenPrint said. «It’s a testament not only to the quality of these brands, but also to the market power of sustainability. Business leaders see the value in going the extra mile to do the right thing, especially amid our current crisis. The goal of IMPACT COLLECTIVE is to help companies reach their environmental impact goals, and now more businesses than ever are seeking out ways to do so.»

Companies interested in joining IMPACT COLLECTIVE should visit https://greenprint.eco/products/impact-collective/ for additional information.

About IMPACT COLLECTIVE
IMPACT COLLECTIVE is a group of forward-thinking brands committed to making an immediate and positive environmental impact by neutralizing their carbon, plastic, water and energy footprints. Members participate in programs that calculate and mitigate their environmental footprints by investing in certified projects and programs. IMPACT COLLECTIVE members can be identified through four IMPACT seals, so consumers know their purchases support brands that prioritize sustainability. IMPACT COLLECTIVE is managed and administered by GreenPrint, a global environmental technology company.

About GreenPrint
GreenPrint, a global environmental technology company, offers sustainability as a service with patent-protected programs that deliver environmental impact and bottom-line results. An Inc. 5000 company and a member of 1% Percent for the Planet, GreenPrint’s turnkey offerings help companies meet sustainability goals while increasing brand value and customer loyalty – making it easy for businesses to do well by doing good. GreenPrint, A Public Benefit Corporation, is on pace to offset over 30 million metric tons of carbon by 2025.

CONTACT:
GreenPrint
Michele Koch
470-788-0718
michele@greenprintcorp.com

CONTACT:
Prosek Partners
Dennis Joyce
203-803-6425
djoyce@prosek.com

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SOURCE GreenPrint

L’Oréal Unveils L’Oréal Water Saver, Sustainable Haircare Technology for the Salon and Home, at CES 2021

CLICHY, France, Jan. 11, 2021 /PRNewswire/ — L’Oréal today unveiled its new «beauty tech» innovation at CES 2021: L’Oréal Water Saver, a sustainable haircare system for the salon and at-home beauty routine, developed with environmental innovation company Gjosa. The system represents a new way to wash and care for your hair: one that saves water while improving upon luxury and efficiency through advanced technology.

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For generations, visiting the salon backbar for a hair wash has been a cherished beauty ritual—and with L’Oréal Water Saver, doing so is better for the planet. L’Oréal Water Saver reduces water usage by up to 80%. Its system transforms the traditional hair-washing experience by combining high-powered water-optimizing technology with specially designed haircare products from L’Oréal Professionnel and Kérastase that flow directly into the water stream.

«We believe it is our responsibility at L’Oréal to do our part to preserve the earth’s natural resources. Every drop of water is precious, and our new technology makes every drop of water count,» said Nicolas Hieronimus, Deputy CEO, L’Oréal Group. «L’Oréal Water Saver represents the next phase of our beauty tech ambition—one that delivers an exceptional personalized beauty experience while embodying our commitment to sustainability in every aspect of our business.»

L’Oréal Water Saver was created through a partnership between the L’Oréal Technology Incubator and the Swiss environmental innovation company Gjosa. The result is a first-of-its kind product that incorporates L’Oréal’s century-long legacy of formulation expertise with Gjosa’s core water-optimizing technology that applies the principle of fractioning used in rocket engines to water flows. Water droplets collide according to a defined direction and uniform distribution. This reduces their size and accelerates their speed, ensuring every drop of water is used in the hair washing and rinsing process while making shampoos, conditioners, and other treatments easier to rinse.

Breakthrough product features of the L’Oréal Water Saver device includes:

High water velocity and 80% water reduction compared to standard hair washing: the L’Oréal Water Saver platform uses two liters per minute, compared to the household standard eight liters, and with no detectable difference in pressure.
Patented Cloud Cleansing—a brand-new haircare experience: by infusing specially designed, micronized haircare formulas directly into the water stream, L’Oréal Water Saver creates droplets that are 10 times smaller, for better absorption and faster rinsing.
Data dashboard and impact reporting: Water and cost-saving data is tracked in an accompanying dashboard that provides salon owners with a history of treatments in addition to tracking reduction of water, energy and cost.

«Our work at the L’Oréal Technology Incubator for the past decade has been committed to merging beauty with technology. Our goal is to challenge ourselves to reinvent the beauty experiences we know to create better, more efficient, and more personalized results for our consumers. L’Oréal Water Saver is backed by advanced technology—but what is most important is that it improves on our consumers’ existing haircare experience and excites and inspires them,» said Guive Balooch, Head of the L’Oréal Technology Incubator.

«L’Oréal Water Saver is the result of an exemplary exclusive partnership, which joins a century-long legacy of innovation in haircare with cutting edge technology. It represents a new type of sustainable experience for consumers, and one we look forward to seeing activated around the world,» said Amin Abdulla, co-founder, Gjosa.

The L’Oréal Water Saver haircare experience is available now in select L’Oréal salons in New York and will be available in select salons in Paris starting February 2021; a global rollout will span 2021 and 2022. In the next few years, L’Oréal Water Saver is anticipated to be in thousands of salons, at which point it will have the potential for remarkable water savings—up to one billion gallons of water per year. A convenient at-home shower device will launch at a later date.

More CES 2021 news from L’Oréal:

L’Oréal also announced the first consumer launch of its award-winning Perso technology. Introduced at CES 2020, Perso is a an AI-powered at-home system that represents the ultimate in beauty personalization.

Today, L’Oréal launches Yves Saint Laurent Rouge Sur Mesure Powered by Perso, a first-of-its kind at-home device for personalized lipsticks. This sleek AI-powered device, originally developed by the L’Oréal Technology Incubator, utilizes color cartridge sets from YSL’s iconic universes of red, nude, orange or pink. Users of the Perso system can create thousands of bespoke shades of YSL’s Velvet Cream Matte Finish lipstick with a single touch. A limited pre-sale of this breakthrough device, priced at $299, is available for registration at https://www.yslbeauty.com/rouge-sur-mesure for Spring 2021 delivery; a full launch will follow by end of 2021.

About L’Oréal
L’Oréal has devoted itself to beauty for over 100 years. With its unique international portfolio of 36 diverse and complementary brands, the Group generated sales amounting to 29.87 billion euros in 2019 and employs 88,000 people worldwide. As the world’s leading beauty company, L’Oréal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, hair salons, travel retail, branded retail and e-commerce.

Research and innovation, and a dedicated research team of 4,100 people, are at the core of L’Oréal’s strategy, working to meet beauty aspirations all over the world. L’Oréal sets out ambitious sustainable development goals across the Group for 2030 and aims to empower its ecosystem for a more inclusive and sustainable society.

More information on https://mediaroom.loreal.com/en/

«This press release does not constitute an offer of sale or solicitation of an offer to purchase L’Oréal shares. If you wish to obtain more comprehensive information about L’Oréal, please refer to the public documents registered in France with the Autorité des Marchés Financiers, also available in English on our website www.loreal-finance.com.
This press release may contain forecast information. While the Company believes that these statements are based on reasonable assumptions as of the date of publication of this press release, they are by nature subject to risks and uncertainties which may lead to a discrepancy between the actual figures and those indicated or suggested in these statements.»

For further information, please contact your bank, stockbroker of financial institution (I.S.I.N. code: FR000012031) and consult your usual newspapers or magazines or the Internet site for shareholders and investors, www.loreal-finance.com, the L’Oréal Finance app or call the toll-free number from France: 0 800 66 66 66.

Follow us on Twitter @loreal
www.loreal.com

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SOURCE L’Oreal

Bermuda Stock Exchange Reports Record-Breaking Success for 2020

HAMILTON, Bermuda and PRINCETON, N.J., Jan. 11, 2021 /PRNewswire/ — The Bermuda Stock Exchange (the Exchange or BSX) today released results for the year ending 31 December 2020, continuing its ongoing history of both product and technological innovation.

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In making the year-end announcement, BSX President and Chief Executive Officer Greg Wojciechowski said, «It was an active and significant year for the BSX, which included its continued integration into Miami International Holdings, Inc.’s (MIH) group of securities exchanges. MIH obtained a controlling interest in the BSX in late 2019 and full ownership at the end of 2020. This acquisition will assist MIH in expanding its world-class technology, derivatives trading and regulatory expertise to address emerging markets, such as digital assets, and provide the BSX with additional support in the evolving global reinsurance risk market.»

Since the launch of its first securities exchange in 2012, MIH has been a generator of technological innovation by creating the MIAX Exchange Group™, a comprehensive exchange group that has challenged legacy trading platforms. MIH’s three options exchanges — MIAX®, MIAX Pearl® and MIAX Emerald® are ranked 14th globally by volume.

«We have long held that the Bermuda government’s commitment to fintech regulation and the country’s established (re)insurance market make the BSX and Bermuda key components of MIH’s global ambitions,» said Thomas P. Gallagher, Chairman and CEO of MIH and BSX Chairman. «We are thrilled to complete this acquisition and have the BSX as a wholly owned subsidiary. Gallagher continued, «The future presents excellent opportunity for both MIH and the BSX, as both entities are now focused on making major investments in the BSX in 2021 and 2022, including the opening of new executive offices, marketing and training facilities in downtown Hamilton, and substantial upgrades to the Exchange’s technology infrastructure.»

Looking back on an eventful 2020, Mr. Wojciechowski stated, «Benjamin Franklin once said, ‘Out of adversity comes opportunity.’ As the ‘World’s Risk Capital,’ Bermuda is familiar with this sentiment. For more than 70 years, Bermuda companies have provided insurance coverage and paid claims for disasters around the world, thereby not only helping communities and businesses recover from adversity, but also providing resilience for the future. The COVID-19 pandemic has been no different. While there have been great challenges, there are new opportunities ahead for Bermuda and the BSX.»

With the BSX’s exchange platform being fully electronic, and securities being dematerialised and held in electronic book entry form, addressing business interruption and resiliency was built into the BSX platform from the beginning. The BSX was prepared to address business interruption from the COVID-19 pandemic with minimal impact on the Exchange’s operating systems, which proved efficient and robust during a year of unusual market operation.

Wojciechowski added, «In a year that included severe natural disasters from wildfires to hurricanes and the increasing impacts of climate change, the global community is now experiencing the social and financial impact of our changing world while adapting to an uncertain future. Bermuda will certainly play an important role in a rapidly changing world — especially in the global transfer of risk. The Bermuda market has seen an influx of new capital of between $12–$15 billion into the insurance and reinsurance market with prospects for a hardening market going forward. The BSX continues to be one of the important pieces in our marketplace that helps communities around the world recover from natural disasters and build resilience.»

When the pandemic and lockdowns curtailed business activities, the BSX continued to function and list new securities, support daily trading, settlement and operation of the securities depository, which is in line with the World Federation of Exchanges’ mandate that capital markets are essential in mitigating the effects of economic disruptions such as the COVID-19 pandemic.

The hard work of the BSX staff was also recognised with the award for Best Offshore Exchange from Capital Finance International and being shortlisted for Trading Risk’s Financial Facilitator of the Year.

Commenting further on the year, BSX Chief Compliance Officer James McKirdy stated, «2020 was indeed a challenging yet positive year for the Exchange. The Insurance Linked Securities (ILS) market continued to grow, with the number of ILS securities listings increasing from 155 in 2019 to 253 in 2020, with a combined nominal value of $15.77 billion. This represents growth of 63% year-over-year. At the end of 2020, the total number of ILS-listed securities stood at 590, with a combined nominal value of $43.01 billion.»

ILS publication Artemis recently reported that global ILS issuance outstanding market size stood at a record-breaking $46.4 billion at the close of 2020, of which approximately 93% of the total was listed on the BSX.

Mr. McKirdy added, «International debt listings increased marginally from 200 to 206 in terms of the number of securities listed in 2020. However, as the BSX sought to attract premium international securities to add to our existing deep client base of blue-chip companies, the nominal value of the listings grew by $12.76 billion, or 144% to $21.63 billion, as maturing securities were replaced by larger issuances, in nominal terms. This increase further underpins BSX’s position as a recognised venue for international debt listings in the western hemisphere.»

Mr. McKirdy further went on to note, «The Exchange listed seven new collective investment vehicles and three new equities. A further three subsequent issues were also processed by the BSX. As in previous years, de-listings during 2020 followed a normal pattern and were mainly comprised of time-limited securities that matured as part of the normal course of business. At year-end 2020, there were a total of 1,126 listed securities, compared to 1,004 in 2019.»

The RG/BSX Index closed 2020 down at 2,031.86, a decrease of 15.5% over 2019. Trading volume on the Domestic Market increased in 2020 to 4.9 million shares traded. Correspondingly, share value traded ended the year at $25.3 million. Overall, the BSX ended the year with a total market capitalisation of $255 billion.

Contributing to the report, BSX Operations Manager Neville Caines stated, «The Bermuda Securities Depository (BSD), the domestic Central Counter Party (CCP) and Central Securities Depository (CSD), continued to ensure orderly settlement of trades and processing of all domestic corporate actions despite the challenges encountered by the COVID-19 pandemic. At year-end 2020, the BSD held 46% of all domestic listed securities in custody, down 3% from 2019.»

Mr. Caines continued, «Building on the results of the much-anticipated Americas’ Central Securities Depository Association (ACSDA) Principles for Financial Market Infrastructure (PFMI) onsite review completed in June 2019, the Exchange continues to work vigorously to ensure its continued alignment with global harmonisation of securities settlement standards. Bermuda’s innovative approach, as seen in the reinsurance industry, has also been reflected in the development of regulatory strategies to provide the market with certainty in the digital asset area, as illustrated by the implementation of the Digital Asset Business Act (DABA) and ICO legislation.»

In September 2020, the BSX listed one of the world’s first exchange-traded funds designed to track digital asset investments — the Hashdex Nasdaq Crypto Index ETF — an open-ended investment fund that will operate as a traditional ETF and will track the Nasdaq Crypto Index. The BSX looks forward to supporting market participants in this developing area.

Closing out the report, Mr. Wojciechowski noted, «2020 was a busy and successful year for the Exchange despite the challenges resulting from the COVID-19 pandemic. We are also moving forward with a commitment to raising awareness of and producing guidelines for Environmental Social and Governance (ESG) principles on sustainability.

«ILS has been recognised as a sustainable investment in accordance with the United Nations’ Sustainable Development Goals (SDGs) due to its role in helping private and public organisations to build resistance and resilience to natural disasters and climate change.

«2020 was undoubtedly a challenging year shaped by a global health crisis and extreme volatility in financial markets and exchanges across the world. However, with several vaccines now being distributed to millions of people and economies gradually reopening, exchanges will continue to play a vital role in ensuring access to capital and liquidity. As we begin 2021, it will mark the 50^thyear in which the BSX has served our domestic capital market. We remain committed to our continued service and development of this sector for the next 50 years and beyond, all the while ensuring that the BSX remains the one of the world’s preeminent offshore securities exchanges and Bermuda the place where business happens.»

To learn more about the BSX visit www.bsx.com.

Corporate Communications Contact:

Jacintha Hughes
jhughes@bsx.com

About the BSX

Established in 1971 the Bermuda Stock Exchange (BSX) is now the leading electronic offshore securities market. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and insurance linked securities (ILS). The BSX, recognized by the United States Securities and Exchange Commission as a Designated Offshore Securities Market, is a member of the World Federation of Exchanges, an associate member of IOSCO and is located in an O.E.C.D. member nation. The BSX has Approved Stock Exchange status under Australia’s Foreign Investment Fund (FIF) taxation rules; Designated Investment Exchange status by the UK’s Financial Services Authority; Recognized Stock Exchange by the UK HM Revenue and Customs; Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.

About MIAX

MIAX’s parent holding company, Miami International Holdings (MIH), operates and manages Miami International Securities Exchange, LLC (MIAX^®), MIAX Pearl, LLC (MIAX Pearl^®) and MIAX Emerald, LLC (MIAX Emerald^® and together with MIAX and MIAX Pearl, the MIAX Exchange Group™), three national securities exchanges, the Minneapolis Grain Exchange, LLC, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), and the Bermuda Stock Exchange.

MIAX, MIAX Pearl and MIAX Emerald options exchanges leverage MIAX’s industry-leading technology and infrastructure to provide their member firms with traditional pricing and pro rata allocation (MIAX), maker-taker pricing and price-time allocation (MIAX Pearl) market structures, and a hybrid market structure with maker-taker pricing and pro rata allocation (MIAX Emerald).

MIAX serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR^® S&P 500^® ETF (SPY).

Under MIAX Pearl’s exchange license, MIAX Pearl Equities™ provides its members with best-in-class performance through a combination of high determinism, low latency and high throughput. MIAX Pearl Equities has maker-taker pricing and a price-time allocation model.

MIAX’s executive offices and National Operations Center are located in Princeton, NJ, with additional offices located in Miami, FL.

To learn more visit www.MIAXOptions.com.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements

The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, including the Bermuda Stock Exchange, the Company), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as «may», «future», «plan» or «planned», «will» or «should», «expected,» «anticipates», «draft», «eventually» or «projected». You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company’s use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.

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SOURCE MIAX

Frost & Sullivan Selects magniX for the Technology Innovation Leadership Award

EVERETT, Wash., Jan. 11, 2021 /PRNewswire/ — magniX has been selected to receive the prestigious Frost & Sullivan Technology Innovation…

EVERETT, Wash., Jan. 11, 2021 /PRNewswire/ — magniX has been selected to receive the prestigious Frost & Sullivan Technology Innovation Leadership Award for 2020. Recognizing magniX’s commitment to innovation and creativity in its electric propulsion technology and business impact, the award signifies a momentous capstone to a year of accomplishments for magniX in 2020.

«magniX has shown a sustainable and innovative approach to its technology and application diversity, as well as its superior technical capabilities that set it apart from the competition,» said Abhigyan Tathagat Senior Analyst at Frost & Sullivan. «With its overall strong performance, magniX has impressive client relationships and installations with leading fleet operators and aircraft manufacturers, demonstrating its reliability and business acumen in the aviation industry. We are pleased to present the Frost & Sullivan 2020 Technology Innovation Leadership Award to a company that is creating state-of-the-art technology in electric propulsion.»

Through in-depth and extensively researched analysis, Frost & Sullivan industry analysts evaluate companies in two key categories: technology leverage and business impact. The award process measures how companies demonstrate leading development and successfully introducing high-tech solutions to customers’ most pressing needs, all while making a profound impact on the industry or business landscape where they operate.

magniX is recognized for its innovative electric propulsions systems that display high client value by addressing the key fuel efficiency and emissions-related challenges that conventional jet fuel applications present across the aviation industry.

«2020 brought many challenges, but also a wealth of opportunity for the aviation industry,» said Roei Ganzarski, CEO of magniX. «At magniX, we are grateful that our vision to change how the world views transportation achieved significant milestones despite a turbulent year. We are honored by this recognition from Frost & Sullivan and we are more motivated than ever to transform the commercial aviation landscape to a more sustainable one, without compromise.»

magniX is leading the charge in sustainable aviation and launched several firsts in 2020 alone, including flying the world’s largest all-electric commercial aircraft, the eCaravan, in May; selected by Universal Hydrogen to develop the world’s largest hydrogen-fueled commercial aircraft; opening up electric aviation to Australia, New Zealand, and the Greater Pacific with Sydney Seaplanes; and being chosen to provide electric propulsion to UK-based Faradair Aerospace as it introduces its BEHA aircraft.

About magniX
Based in Everett, Washington, magniX is on a mission to lead the commercial aerospace and defense industry by providing high-performance, reliable, and environmentally friendly propulsion solutions. Through its proprietary technology, magniX offers a range of revolutionary electric propulsion solutions, including motors and power electronics, which produce zero emissions at lower operating costs. For more information, please visit: www.magnix.aero.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, helps clients accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The company’s Growth Partnership Service provides the CEO and the CEO’s growth team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages nearly 60 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from 45 offices on 6 continents. To join Frost & Sullivan’s Growth Partnership, visit http://www.frost.com.

Media Contacts
Barokas Communications for magniX
magniX@barokas.com

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SOURCE magniX

Anthesis and LevelTen Energy Partner to Drive Renewable Energy Uptake Through Unrivalled Access to Power Purchase Agreements

SEATTLE, Jan. 11, 2021 /PRNewswire-PRWeb/ — Anthesis, the sustainability activator, today announced a new partnership with LevelTen Energy, the leading provider of transaction infrastructure for the renewable energy economy, enabling it to leverage the LevelTen platform to source new renewable energy power purchase agreements (PPAs) for its clients globally.

The partnership provides Anthesis with direct access to the world’s largest marketplace of PPAs, enabling it to search, view and compare…

The partnership provides Anthesis with direct access to the world’s largest marketplace of PPAs, enabling it to search, view and compare more than 4,000 offers to find the best deal for its clients. LevelTen’s mission is to accelerate the clean energy transition by bringing buyers and sellers together online with the tools and analysis they need to get deals done quickly. By combining Anthesis’ best-in-class advisory services with LevelTen’s renewable transaction infrastructure, the partnership can help organisations achieve their renewable energy goals in a faster, safer, and more cost-effective way.

According to BloombergNEF, more than 80% of all renewable energy contracts signed in the U.S. in 2019, equivalent to 11.2GW worth of energy, were under the virtual PPA model. Corporations are turning toward PPAs because they are an economical way to acquire the energy attribute certificates they need to hit their targets, and they have a demonstrable impact on reducing carbon emissions by bringing new renewable energy projects online.

With access to the largest PPA marketplace and most current data on renewable energy projects in the United States and Europe, the partnership ensures that Anthesis and its clients select the best PPA to meet their needs in terms of value, risk, location, emissions impact and more. The partnership also provides Anthesis with access to LevelTen’s powerful efficiency tools, including quality-controlled market data, automated risk analytics, RFP automation software, and performance monitoring software. LevelTen’s renewable transaction infrastructure makes the entire PPA procurement process more efficient while reducing risk, all of which allow clients to streamline the path towards achieving their carbon reduction targets.

This partnership is the latest example of Anthesis’ technology-enabled approach, utilising leading tools to maximise sustainable performance for its clients globally. With more than twenty software solutions developed in-house, along with selecting the top existing software solutions, the partnership with LevelTen will continue Anthesis’ practice of leveraging innovative technology to drive sustainable outcomes for clients.

«Anthesis activates sustainability by bringing together leading experts, best-in-class technology, global presence and delivery expertise,» said George Favaloro, Executive Director at Anthesis. «LevelTen’s extensive PPA marketplace will make achieving renewable energy goals more attainable for our clients, giving us a powerful new tool in our toolbox to use on their behalf. This breakthrough platform is ideally suited to support Anthesis in delivering sustainable performance to the world’s leading organisations.»

Ryan Warren, vice president of marketing at LevelTen Energy commented, «LevelTen and Anthesis share the same vision to accelerate the clean energy transition. By bringing together Anthesis’ strategy and implementation expertise, and LevelTen’s global energy project supply and renewable transaction infrastructure, we’re both well-positioned to make this future a reality.»

About Anthesis
Anthesis is the sustainability activator. We seek to make a significant contribution to a world which is more resilient and productive by working with cities, companies, and other organisations to drive sustainable performance. We develop financially driven sustainability strategies, underpinned by technical expertise and delivered by innovative collaborative teams across the world. Anthesis has clients across industry sectors from corporate multinationals such as Target, Cisco, and Kimberly-Clark, and we also support early stage companies through Anthesis Ventures. The company brings together over 500 experts operating in 40 countries around the world and has offices in Andorra, Brazil, Canada, China, Colombia, Finland, France, Germany, Ireland, Italy, the Middle East, the Philippines, Portugal, Spain, Sweden, the UK, and the US. http://www.anthesisgroup.com

About LevelTen Energy
LevelTen Energy is the leading provider of transaction infrastructure for the renewable energy economy. The platform delivers buyers, sellers, advisors, and financiers the automation software, data management, and standardized contracts needed to facilitate faster, safer renewable energy transactions. LevelTen’s marketplace of renewable energy power purchase agreements is the world’s largest, with more than 4,000 Transaction-Ready Pricing™ offers spanning 21 countries in North America and Europe. LevelTen’s CFO-Ready Analytics™ automatically calculate more than a billion data points every day, providing buyers and advisors with leading-edge, real-time risk and value insights at modern market scale. Together, LevelTen and its partners share #OneGoal to accelerate the clean energy transition. Visit us at LevelTenEnergy.com to learn more.

Media Contact

Christin Camacho, LevelTen Energy, 206-531-0487, Christin@LevelTenEnergy.com

SOURCE LevelTen Energy

EDMO Distributors Celebrates Golden Anniversary

SPOKANE, Wash., Jan. 11, 2021 /PRNewswire/ — EDMO Distributors, Inc. is celebrating 50 years of being a global leader in the distribution of test equipment, avionics, and installation supplies.

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SPOKANE, Wash., Jan. 11, 2021 /PRNewswire/ — EDMO Distributors, Inc. is celebrating 50 years of being a global leader in the distribution of test equipment, avionics, and installation supplies.

«EDMO has been able to adapt to an ever-changing market and continues to prove itself as a provider of world-class customer service and products. We look forward to many more years of continued success.»

«EDMO has enjoyed an incredible half-century of supporting the aviation community,» said EDMO’s president, Mike Schmidt. «There’s no question that our longevity is possible solely through the contributions of the many talented individuals we’ve been fortunate enough to call teammates. We also appreciate the rich relationships we have with our vendor partners—some of whom have been with us from the very beginning.»

From the company’s inception, the underlying principles driving the business emphasized quality products and exceptional service. Today, EDMO maintains that vision while representing more than 300 manufacturers and serving commercial, corporate, military, and general aviation customers in the fixed-wing and rotor markets.

EDMO’s core values define the company’s culture of dazzling its customers, remaining positive, taking ownership, doing the right thing, and insisting on the higher standard—all while enjoying the ride. This focus creates an environment where the team is able to build lasting value for both customers and vendors by nurturing customer relationships, developing innovative services, and delivering top-quality products and service.

«It’s amazing to be part of the aviation industry from the days where avionics systems were a conglomeration of multiple components made by several different manufacturers and then witness the evolution to today’s comprehensive and fully integrated solutions,» says Schmidt. «EDMO has been able to adapt to an ever-changing market and continues to prove itself as a provider of world-class customer service and products. We look forward to many more years of continued success.»

About EDMO Distributors, Inc.
Based in Spokane, Washington, EDMO Distributors has secured a reputation as one of the most reliable sources for aircraft electronics, test equipment, installation supplies, wire and cable, tooling, and pilot supplies. EDMO’s commitment to providing the best service and the largest selection possible has made it a company that customers count on and trust. EDMO maintains a stringent quality control system and is an ISO 9001:2008/AS9120 registered company. Visit edmo.com for more information.

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SOURCE EDMO Distributors Inc.

Frost & Sullivan Selects magniX for the Technology Innovation Leadership Award

EVERETT, Wash., Jan. 11, 2021 /PRNewswire/ — magniX has been selected to receive the prestigious Frost & Sullivan Technology Innovation…

Media Contacts
Barokas Communications for magniX
magniX@barokas.com

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SOURCE magniX

Frost & Sullivan elige magniX por su Technology Innovation Leadership Award

Revolucionaria en su enfoque, magniX está reconocida por liderar el desarrollo de tecnología de propulsión eléctrica y su impacto en la industria del transporte en su totalidad

EVERETT, Wash., 11 de enero de 2021 /PRNewswire/ —

Revolucionaria en su enfoque, magniX está reconocida por liderar el desarrollo de tecnología de propulsión eléctrica y su impacto en la industria del transporte en su totalidad

EVERETT, Wash., 11 de enero de 2021 /PRNewswire/ — magniX ha sido seleccionada para recibir el prestigioso Frost & Sullivan Technology Innovation Leadership Award para 2020. Reconociendo el compromiso de magniX con la innovación y la creatividad en su tecnología de propulsión eléctrica e impacto empresarial, el premio significa un colofón memorable a un año de logros para magniX en 2020.

«magniX ha demostrado un enfoque sostenible e innovador a su tecnología y diversidad de aplicaciones, así como sus capacidades técnicas superiores que la distinguen de la competencia», dijo Abhigyan Tathagat, analista sénior en Frost & Sullivan. «Con su fuerte rendimiento general, magniX tiene impresionantes relaciones con el cliente e instalaciones con operadores de flota y fabricantes de aeronaves líderes, demostrando su fiabilidad y agudeza empresarial en la industria de la aviación. Estamos encantados de presentar el Frost & Sullivan 2020 Technology Innovation Leadership Award a una compañía que está creando tecnología de vanguardia en propulsión eléctrica».

Mediante el análisis de investigación profundo y extenso, los analistas de la industria Frost & Sullivan evalúan a compañías en dos categorías clave: uso de tecnología e impacto empresarial. El proceso de premio mide cómo las compañías demuestran un desarrollo líder e introducen con éxito soluciones de alta tecnología para las necesidades más acuciantes de los clientes, todo ello teniendo un profundo impacto en la industria o panorama empresarial en el que operan.

magniX está reconocida por sus innovadores sistemas de propulsión eléctrica que muestran el alto valor del cliente abordando los retos de eficiencia de combustible y emisiones que las aplicaciones de combustible convencionales presentan en la industria de la aviación.

«2020 supuso muchos retos, pero también una riqueza de oportunidad para la industria de la aviación», dijo Roei Ganzarski, consejero delegado de magniX. «En magniX, estamos agradecidos de que nuestra visión para cambiar el modo el que el mundo ve el transporte haya logrado hitos importantes a pesar de un año turbulento. Estamos orgullosos de este reconocimiento de Frost & Sullivan y estamos más motivados que nunca a transformar el panorama de aviación comercial a uno más sostenible, sin compromiso».

magniX lidera la carga en aviación sostenible y ha lanzado varias primicias solo en 2020, incluyendo volar la mayor aeronave comercial totalmente eléctrica del mundo, la eCaravan, en mayo; ser seleccionada por Universal Hydrogen para desarrollar la mayor aeronave comercial impulsada por hidrógeno del mundo; abrir la aviación eléctrica a Australia, Nueva Zelanda, y el Gran Pacífico con Sydney Seaplanes; y ser elegida para proporcionar propulsión eléctrica al Faradair Aerospace con sede en el Reino Unido mientras introduce su aeronave BEHA.

Acerca de magniX

Con sede en Everett, en el estado de Washington, magniX tiene por misión liderar la industria aeroespacial comercial y de defensa ofreciendo soluciones de propulsión de alto rendimiento, fiables y ecológicas. Gracias a su tecnología patentada, magniX ofrece un amplio abanico de soluciones revolucionarias que incluyen motores y el electrónica de potencia que producen cero emisiones a unos costes operativos menores. Si desea más información, visite: www.magnix.aero.

Acerca de Frost & Sullivan

Frost & Sullivan, la Compañía de Asociación de Crecimiento, ayuda a los clientes a acelerar el crecimiento y lograr las mejores posiciones en crecimiento, innovación y liderazgo. El Servicio de Asociación de Crecimiento de la compañía ofrece al consejero delegado y equipo de crecimiento del consejero delegado modelos de investigación y mejores prácticas disciplinados para impulsar la generación, evaluación e implementación de potentes estrategias de crecimiento. Frost & Sullivan cuenta con casi 60 años de experiencia en asociación con compañías Global 1000, empresas emergentes y la comunidad de inversión de 45 oficinas en seis continentes. Para unirse a la Asociación de Crecimiento de Frost & Sullivan, visite http://www.frost.com.

Contactos de medios
Barokas Communications for magniX
magniX@barokas.com

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What Can Business Leaders Learn From Biker Gangs, Drug Cartels & Mobsters?

WASHINGTON, Jan. 11, 2021 /PRNewswire/ — Why do iconic brands like Sears, Kodak, and Blockbuster succumb to new rivals like Amazon and Netflix, while criminal organizations from drug cartels to street gangs execute seemingly seamless transformations to reinvent themselves and thrive? As entire lawful industries are disrupted out of existence, how have some organized criminal syndicates endured and grown for nearly a century – despite billions of dollars of law enforcement opposition and ruthless…

For-profit, not-for-profit, lawful, and unlawful, all types of organizations must be relentless in highly competitive and constantly evolving environments. But how do criminal enterprises seem to demonstrate so much resiliency? Violence and fraud aside, what can legal businesses and law-abiding leaders learn from observing these «mobsters» and their organizations?

Relentless, a new book from authors Jerold L. Zimmerman, Ph.D., and Daniel P. Forrester combines seventy-five years of Nobel Prize-winning economics research with insights from criminal prosecutors to examine how the Sinaloa Cartel, the American Mafia, the Hells Angels, the Crips, and the Bloods approach everything from employee engagement and growth incentives to corporate culture and talent management.

The authors connect learnings from these longstanding criminal organizations to the «Four Pillars» concept that can help leaders better assign tasks, measure outcomes, reward performance, and cultivate corporate culture. Successful criminal enterprises construct their four pillars to create high-performance teams with a long-term focus, enduring corporate cultures, and strong brands. They attract the «right» people while purging «vampires» – individuals that take more from, rather than contribute to, an organization. Lawful managers cannot merely copy mobsters’ four pillars, but they can follow the underlying economic principles to construct similar relentless organizations.

Expert Reviews
«In war, the better led, more effectively run team wins, regardless of moral right or wrong. In Relentless, we get a fascinating window into the murky world of organized crime – from the Mafia to drug cartels – and find that the same holds true. As mundane as it sounds, the frightening bosses who orchestrate the wrongdoing that simultaneously terrorizes and mesmerizes us are, in the end, talented leaders and managers. There’s much we can learn from them.»
-General (Ret.) Stanley McChrystal, former commander of the U.S. military’s Joint Special Operations Command.

«This intriguing and thoughtful book illustrates the power of sound economic thinking in understanding organizations. It takes the concepts that help us understand successful business enterprises and shows that the same concepts are at work in successful criminal enterprises. In so doing, it validates the power of the underlying economic concepts while offering a fascinating window into some of the most long-lived criminal organizations.»
–Charles Plosser, former president of the Federal Reserve Bank of Philadelphia

About the Authors
Jerold L. Zimmerman, Ph.D., is a globally recognized microeconomist and author of seven books and has taught organizational economics, accounting, and finance at the University of Rochester’s Simon Business School for more than forty years. He has consulted with numerous clients, including Fortune 500 companies and management advisory firms, to demonstrate how organizational economics principles can improve a firm’s culture and, eventually, its performance. Zimmerman is also a founding editor of the Journal of Accounting and Economics, one of the most highly referenced peer-reviewed journals in economics, and has served on several public company boards of directors. His fifty published studies and books include textbooks on economics and accounting and a trade book about designing organizations that create value.

Daniel P. Forrester is the founder of THRUUE, Inc, an expert consultancy that assists leaders in bridging the gap between corporate culture and corporate strategy. He works with CEOs, boards of directors, and C-suite leaders, helping them align around a clear strategy while understanding reputational and cultural risk. Daniel has spent the past twenty-five years successfully building consulting practices in the financial services, telecommunications, health, and public services sectors, utilizing his entrepreneurial approach to strategy. His previous book, Consider: Harnessing the Power of Reflective Thinking in Your Organization, examines how leaders responded to the explosion of data and hyper-connectivity impacting organizations and the role reflection can play in dramatically changing corporate outcomes.

Media Contact
Anna Sacca
FSB Associates
asacca@fsbassociates.com
760-585-2252

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SOURCE THRUUE, Inc.