Mes: enero 2021

EcoEnergy Insights, a Carrier Company, Named «Overall IoT Company of the Year» in the 2021 IoT Breakthrough Awards Program

LOS ANGELES, Jan. 11, 2021 /PRNewswire-PRWeb/ — IoT Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Internet-of-Things (IoT) market, today announced that <a target="_blank"…

LOS ANGELES, Jan. 11, 2021 /PRNewswire-PRWeb/ — IoT Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Internet-of-Things (IoT) market, today announced that EcoEnergy Insights, a leading provider of AI and IoT-enabled solutions that digitally transform building and equipment operations, has been selected as the winner of the «Overall IoT Company of the Year» award in the 5th annual IoT Breakthrough Awards program.

EcoEnergy Insights is a part of Carrier Global Corporation, a leading global provider of healthy, safe and sustainable building and cold chain solutions. The CORTIX® IoT platform, designed and developed by EcoEnergy Insights, collects data from multiple sources, analyzes it, acts on defined deviations autonomously and offers predictive actionable insights. The platform, combined with expert human analytics, has been delivering outcomes in comfort, maintenance and energy efficiency across multiple industries over the past decade.

EcoEnergy Insights has 24/7 BluEdge Command Centers – teams of data scientists, HVAC, Refrigeration, Controls and other domain experts – that provide expertise for remote commissioning, monitoring, diagnostics and prognostic support for building and equipment operations around the globe. The BluEdge Command Centers proactively analyze the predictive insights from the CORTIX platform and enable service transformation for enterprise and OEM customers.

«After years of effort in educating and demonstrating the benefits of IoT driven services, we believe we’ve broken through the industry, and we are extremely proud to receive this 2021 IoT Breakthrough Award in validation of that success and momentum,» said Mansoor Ahmad, President, EcoEnergy Insights. «During the tumultuous past year, we empowered our clients to leverage the power of IoT to more seamlessly run operations of essential services and support local communities without facing heavy energy costs or loss of goods and food inventory.»

The mission of the IoT Breakthrough Awards program is to recognize the innovators, leaders and visionaries from around the globe in a range of IoT categories, including Industrial and Enterprise IoT, Smart City technology, Connected Home and Home Automation, Connected Car, and many more. This year’s program attracted more than 3,850 nominations from companies all over the world.

«Managing over 36,000 sites and 180,000 connected machines across the globe, EcoEnergy Insights is establishing itself as a ‘breakthrough’ innovator in the IoT industry, creating new connected solutions that serve the evolving needs of their customer base – especially in light of today’s quickly evolving IoT technology and competitive environment,» said James Johnson, managing director at IoT Breakthrough. «We want to congratulate EcoEnergy Insights for winning our ‘Overall IoT Company of the Year’ award for 2021 and look forward to continued innovation in the future.»

####

About IoT Breakthrough
Part of the Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the IoT Breakthrough Awards program is devoted to honoring excellence in Internet-of-Things technologies, services, companies and products. The IoT Breakthrough Awards program provides a forum for public recognition around the achievements of IoT companies and products in categories including Connected Home and Home Automation, Connected Car, Industrial IoT (IIoT) and Smart City, Consumer IoT and more. For more information visit IoTBreakthrough.com.

Media Contact

James Johnson, IoT Breakthrough, 2132553658, jjohnson@iotbreakthrough.com

Twitter

 

SOURCE IoT Breakthrough

Li-Cycle and New Flyer Team Up to Complete Heavy-Duty Battery Recycling Pilot

ONTARIO, Canada, Jan. 11, 2021 /PRNewswire/ — Li-Cycle Corp. (Li-Cycle), North America’s largest lithium-ion battery recycling company, today announced its successful completion of a battery recycling pilot with New Flyer Industries Canada ULC and New Flyer of America Inc. (together «New Flyer»), subsidiaries of NFI Group Inc. («NFI»), one of the world’s leading independent global bus manufacturers.

New Flyer provided Li-Cycle with 45 end-of-life lithium-ion…

ONTARIO, Canada, Jan. 11, 2021 /PRNewswire/ — Li-Cycle Corp. (Li-Cycle), North America’s largest lithium-ion battery recycling company, today announced its successful completion of a battery recycling pilot with New Flyer Industries Canada ULC and New Flyer of America Inc. (together «New Flyer»), subsidiaries of NFI Group Inc. («NFI»), one of the world’s leading independent global bus manufacturers.

New Flyer provided Li-Cycle with 45 end-of-life lithium-ion battery modules (used for research and development)  totaling 3,200 pounds; these batteries will be processed at Li-Cycle’s Spoke facility and turned into black mass, an industry term for a mixture of lithium, nickel, cobalt and copper. Li-Cycle’s Hub processes black mass in order to produce critical, battery-grade materials from recycled sources, as well as other recycled materials that can be returned to the economy.

«We are thrilled to team up with New Flyer to help spearhead the closed-loop resource recovery of electric bus batteries,» said Li-Cycle Chief Commercial Officer Kunal Phalpher. «As of 2019, approximately 425,000 of the world’s buses are electric. By recycling thousands of pounds of lithium-ion batteries, we’re serving the dual purpose of reducing hazardous waste, while recovering critical materials so they can be reintroduced into the supply chain. The compounded benefits of this partnership will have a significant positive environmental impact, which can be a model for cities around the world.»

Lithium-ion batteries have traditionally been impractical to recycle, creating hazardous waste and the loss of valuable, finite materials. Historically, many have been landfilled or partially recycled through pyro-metallurgical processes, which have only an average recovery rate of 40%. However, these methods are inefficient and lead to environmental decay, wasted resources, and have a negative impact on an otherwise environmentally friendly vision of electrification.

«As our customers transition to zero-emission mobility, they do so with a focus on cradle to grave sustainability. The demand for battery recycling is growing, so too is the desire to lessen environmental impact on our communities. Our pilot with Li-Cycle is delivering just this and we are optimistic in offering battery recycling in future,» said Chris Stoddart, President, New Flyer and MCI. «We’re committed to providing sustainable mobility solutions from procurement through vehicle retirement. Working with Li-Cycle delivers a triple sustainability benefit: we recover critical resources and divert them from landfills, provide them for re-use in the battery supply chain, and do so through Li-Cycle’s proprietary clean recycling process that minimizes impact to surrounding environments.»

New Flyer and Li-Cycle are both members of CALSTART, an international nonprofit dedicated to accelerating the pace of clean technology and the adoption of clean transportation.

Ajay Kochhar and Tim Johnston co-founded Li-Cycle in 2016 with a vision to be the most sustainable, vertically integrated and globally preeminent lithium-ion battery resource recovery company. Li-Cycle’s Spoke & Hub Technologies provide a low cost, safe, and environmentally friendly process that can recycle all types of lithium-ion batteries, with an unparalleled recovery rate of ≥95% of all materials. Li-Cycle’s industry-leading innovations make it uniquely positioned to support a key element of the growing international movement towards zero carbon technologies. The company recently closed a Series C equity funding round to fund further facility deployment and to drive expansion into international markets.

About Li-Cycle Corp.
Li-Cycle Corp. (Li-Cycle) is on a mission to leverage its innovative Spoke & Hub Technologies to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage the end-of-life of these batteries – and to meet the rapidly growing demand for critical and scarce battery-grade materials through a closed-loop solution.

About New Flyer
New Flyer is North America’s heavy-duty transit bus leader and offers the most advanced product line under the Xcelsior® and Xcelsior CHARGE™ brands. It also offers infrastructure development through New Flyer Infrastructure Solutions™, a service dedicated to providing safe, sustainable, and reliable charging and mobility solutions. New Flyer actively supports over 35,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 8,600 are powered by electric motors and battery propulsion and 1,900 are zero-emission. Further information is available at www.newflyer.com.

Li-Cycle Media Contact:
Len Fernandes
Firecracker PR
288717@email4pr.com
(888) 317-4687 ext. 707

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/li-cycle-and-new-flyer-team-up-to-complete-heavy-duty-battery-recycling-pilot-301205224.html

SOURCE Li-Cycle

Khaled Salem, U.S. Senate Candidate for New York, Demands that Donald Trump Pay for Damages to Capitol

NEW YORK, Jan. 11, 2021 /PRNewswire/ — Khaled Salem, who is running for the U.S. Senate in New York, today issued a statement demanding that Donald Trump pay for the damages he caused to the U.S. Capitol building by inciting a violent riot there on January 6. He urged all Americans to file lawsuits against Trump, as an individual, for the destructive consequences of the…

NEW YORK, Jan. 11, 2021 /PRNewswire/ — Khaled Salem, who is running for the U.S. Senate in New York, today issued a statement demanding that Donald Trump pay for the damages he caused to the U.S. Capitol building by inciting a violent riot there on January 6. He urged all Americans to file lawsuits against Trump, as an individual, for the destructive consequences of the lethal spree conducted by his followers. In his view, the insurrectionist violence and vandalism will cause real financial harm to Americans in the forms of increased taxes and borrowing to pay for repairs and increased security over the long term.

«This is not an abstraction,» Khaled explained. «We all know that this little man’s temper tantrum led directly to hundreds of thousands of dollars in physical damages to the Capitol. But, going forward, the increased security services and adding of security features to government buildings everywhere as the result of this violence is going to cost American taxpayers billions of dollars. Why should we shoulder this burden? It’s a worthwhile matter to pursue, in my view.»

In addition, Khaled condemned the anti-democratic actions of the rioters and their primary instigator. «This is now what America is about, and everyone who participated in this disgraceful incident is well aware of this fact. The irony is that the protesters were demanding democracy—but they were engaging in fascist tactics. We elect representatives to govern in the name of the people. If we don’t like them, we vote them out. We don’t threaten to kill them if we disagree or contest an election.»

As a U.S. Senator, Khaled is committed to serving the people of New York state with dignity and honor, two qualities that were sadly lacking on January 6. In his view, the attacks and threats made on that day are an unfortunate extension of the personal attacks that are now so common in American politics. «If you don’t agree with someone, you can be productive and make a difference by engaging in an argument with their policies. But if you degenerate into personal attacks, you’re accomplishing nothing for the country,» he added.

Khaled also remarked, sadly, «Let’s also never forget that a brave police officer was beaten to death by this mob. Trump and his supporters essentially engaged in a terrorist act against all Americans. This tragic event should negate Trump’s chance to run again for the presidency in 2024. The rule of law must prevail.»

Khaled, a longtime resident of Brooklyn, is renowned as a fighter for human and religious rights for Americans at home and abroad. In addition to advocating for the release of American detainees in the Arab world and elsewhere, he advocates for less restrictive immigration laws. His other policy positions include the following highlights:

  • A stop to the policy of showing place of birth on U.S. passports, a practice that leads to discrimination and harassment of American citizens when they travel abroad.
  • Laws and procedures to reduce domestic violence nationwide.
  • A reduction in U.S.  Military activity and presence in the Middle East.
  • A policy that requires these regions pay for American military services.
  • The establishment of a home loan program for middle class single parents.

Khaled is running in the next general election, scheduled for November 8, 2022. Thirty-four of the Senate’s 100 seats are being contested in these elections.

For more information, visit https://www.khaled2022forcongress.com/
Or visit https://www.facebook.com/Khaledforcongress/, https://twitter.com/KhaledYork,

Contact:
Khaled Salem
518-348-6868
288813@email4pr.com

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/khaled-salem-us-senate-candidate-for-new-york-demands-that-donald-trump-pay-for-damages-to-capitol-301205219.html

SOURCE Khaled for U.S. Senate in New York

Automotive Composites Market worth $9.3 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Jan. 11, 2021 /PRNewswire/ — According to the new market research report «Automotive Composites Market by Fiber Type (Glass, Carbon, Natural), Resin Type (Thermoset, Thermoplastics), Manufacturing Process (Compression, Injection, RTM), Applications (Exterior, Interior), Vehicle…

CHICAGO, Jan. 11, 2021 /PRNewswire/ — According to the new market research report «Automotive Composites Market by Fiber Type (Glass, Carbon, Natural), Resin Type (Thermoset, Thermoplastics), Manufacturing Process (Compression, Injection, RTM), Applications (Exterior, Interior), Vehicle Type, and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the Automotive Composites Market is expected to grow from USD 5.4 billion in 2020 to USD 9.3 billion by 2025, at a CAGR of 11.5% during the forecast period. Government initiatives emphasizing the reduction of carbon emission and shift towards electric vehicles are expected to drive the growth of the automotive composites market.

MarketsandMarkets Logo

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=10869121

Browse in-depth TOC on «Automotive Composites Market»

154 – Market Data Tables
57 – Figures
217 – Pages

View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/automotive-composite-market-10869121.html

Glass fiber composites comprise a major share in terms of both value and volume.

Monomers account for the largest share of the overall market in terms of both value and volume. Government regulations such as Corporate Average Fuel Economy (CAFÉ) standards in the U.S.  carbon emission targets in U.S. have put pressure on OEMs to incorporate lightweight materials to reduce the overall vehicle weight, which has led to increased use of GFRP in the automotive industry. However, due to pandemic COVID-19, the sales of automotive composites decreased due to disturbance in supply chain.

Exterior applications account for the largest market share in the global automotive composites market in terms of value and volume.

The exterior parts include major components such as bumper beam, fender, front end module, door panels, and hood, among others. The use of composites in the automotive industry is an emerging trend as these composites help in achieving high-performance properties such as high stiffness, lightweight, and high strength to weight to ratio. However, because of COVID-19 as well as downturn in the automotive industry, the demand for automotive composites is reduced all over the globe. The exterior segment is at the forefront with the highest consumption of automotive composites globally since it help reduce the weight of the exterior parts hence enabling a weight reduction of the complete car body and make it more fuel-efficient. Germany is the largest consumer of automotive composites. Subsequently, certain Asia Pacific countries such as China and Japan consumed a considerable share of automotive composites in 2019. There is a huge decline in demand in the APAC region due to a complete and partial lockdown in the region.

Non-electric vehicle type dominates the market in the global automotive composites market during the forecast period in terms of value and volume.

The Non-electric vehicle type contributed the major share in the automotive composites market, both in terms of value and volume. Automakers all across the world are taking initiatives to fulfill the mandate imposed by the respective government and to offer the consumer with lightweight and fuel-efficient vehicles. Sereebo, carbon fiber reinforced thermoplastic (CFRTP) jointly developed by Teijin Limited and General Motors, is used for manufacturing the pickup box’s inner dashboard, side, and floor panels. Lately, Ruf Automobile GmbH, a German car manufacturer, has developed the Rodeo concept, an all-wheel-drive carbon fiber safari vehicle based on the classic Porsche 911 safari rally car. These initiatives taken by OEMs across the globe has been driving the growth of the automotive composites market.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=10869121

APAC is expected to account for the largest market share in the automotive composites market during the forecast period.

The APAC is the biggest and the fastest-growing market for automotive composites, consuming one thrid of the total global volume in 2019. The demand for automotive composites is mainly attributed to the growing need for lightweight, fuel-efficient, and environment-friendly vehicles. The manufacturers are focusing on producing lightweight car bodies with emission control features since the government has set stringent regulatory norms for pollution control from vehicles. The market in this region has undergone a significant transformation due to the in-house presence of well-established raw material suppliers, composite product and components manufacturers, and OEMs in itself consuming these composite solutions in automotive applications. The eco-systems of these adjutant industries is more likely to act in favor of growth of the automotive composites market.

Toray Industries Inc. (Japan), SGL Carbon (Germany), Teijin Limited (Japan), Mitsubishi Chemical Holding Corporation (Japan), Hexcel Corporation (US), Solvay SA (Belgium), Gurit (Switzerland), UFP Technologies Ltd. (US), Huntsman Corporation (US), and Hexion (US), are some of the key players in the automotive composites market. These players have taken different organic and inorganic developmental strategies over the past five years.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=10869121

Browse Adjacent Market: Fibers and Composites Market Research Report & Consulting

Related Reports:

Composites Market by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites), Resin Type (Thermoset Composites, Thermoplastic Composites), Manufacturing Process, End-use Industry and Region – Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/composite-market-200051282.html 

Transportation Composites Market by Resin (Thermoplastic and Thermoset), Manufacturing Process, Fiber, Application (Interior, Exterior), Transportation Type (Airways, Roadways, Railways, Waterways), and Region – Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/transportation-composites-market-175821588.html  

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the «Growth Engagement Model – GEM». The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write «Attack, avoid and defend» strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, «Knowledge Store» connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/automotive-composite-market.asp 
Visit Our Website: https://www.marketsandmarkets.com/ 
Content Source: https://www.marketsandmarkets.com/PressReleases/automotive-composite.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg  

Automotive Composites Market worth $9.3 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Jan. 11, 2021 /PRNewswire/ — According to the new market research report «Automotive Composites Market by Fiber Type (Glass, Carbon, Natural), Resin Type (Thermoset, Thermoplastics), Manufacturing Process (Compression, Injection, RTM), Applications (Exterior, Interior), Vehicle…

CHICAGO, Jan. 11, 2021 /PRNewswire/ — According to the new market research report «Automotive Composites Market by Fiber Type (Glass, Carbon, Natural), Resin Type (Thermoset, Thermoplastics), Manufacturing Process (Compression, Injection, RTM), Applications (Exterior, Interior), Vehicle Type, and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the Automotive Composites Market is expected to grow from USD 5.4 billion in 2020 to USD 9.3 billion by 2025, at a CAGR of 11.5% during the forecast period. Government initiatives emphasizing the reduction of carbon emission and shift towards electric vehicles are expected to drive the growth of the automotive composites market.

MarketsandMarkets Logo

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=10869121

Browse in-depth TOC on «Automotive Composites Market»

154 – Market Data Tables
57 – Figures
217 – Pages

View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/automotive-composite-market-10869121.html

Glass fiber composites comprise a major share in terms of both value and volume.

Monomers account for the largest share of the overall market in terms of both value and volume. Government regulations such as Corporate Average Fuel Economy (CAFÉ) standards in the U.S.  carbon emission targets in U.S. have put pressure on OEMs to incorporate lightweight materials to reduce the overall vehicle weight, which has led to increased use of GFRP in the automotive industry. However, due to pandemic COVID-19, the sales of automotive composites decreased due to disturbance in supply chain.

Exterior applications account for the largest market share in the global automotive composites market in terms of value and volume.

The exterior parts include major components such as bumper beam, fender, front end module, door panels, and hood, among others. The use of composites in the automotive industry is an emerging trend as these composites help in achieving high-performance properties such as high stiffness, lightweight, and high strength to weight to ratio. However, because of COVID-19 as well as downturn in the automotive industry, the demand for automotive composites is reduced all over the globe. The exterior segment is at the forefront with the highest consumption of automotive composites globally since it help reduce the weight of the exterior parts hence enabling a weight reduction of the complete car body and make it more fuel-efficient. Germany is the largest consumer of automotive composites. Subsequently, certain Asia Pacific countries such as China and Japan consumed a considerable share of automotive composites in 2019. There is a huge decline in demand in the APAC region due to a complete and partial lockdown in the region.

Non-electric vehicle type dominates the market in the global automotive composites market during the forecast period in terms of value and volume.

The Non-electric vehicle type contributed the major share in the automotive composites market, both in terms of value and volume. Automakers all across the world are taking initiatives to fulfill the mandate imposed by the respective government and to offer the consumer with lightweight and fuel-efficient vehicles. Sereebo, carbon fiber reinforced thermoplastic (CFRTP) jointly developed by Teijin Limited and General Motors, is used for manufacturing the pickup box’s inner dashboard, side, and floor panels. Lately, Ruf Automobile GmbH, a German car manufacturer, has developed the Rodeo concept, an all-wheel-drive carbon fiber safari vehicle based on the classic Porsche 911 safari rally car. These initiatives taken by OEMs across the globe has been driving the growth of the automotive composites market.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=10869121

APAC is expected to account for the largest market share in the automotive composites market during the forecast period.

The APAC is the biggest and the fastest-growing market for automotive composites, consuming one thrid of the total global volume in 2019. The demand for automotive composites is mainly attributed to the growing need for lightweight, fuel-efficient, and environment-friendly vehicles. The manufacturers are focusing on producing lightweight car bodies with emission control features since the government has set stringent regulatory norms for pollution control from vehicles. The market in this region has undergone a significant transformation due to the in-house presence of well-established raw material suppliers, composite product and components manufacturers, and OEMs in itself consuming these composite solutions in automotive applications. The eco-systems of these adjutant industries is more likely to act in favor of growth of the automotive composites market.

Toray Industries Inc. (Japan), SGL Carbon (Germany), Teijin Limited (Japan), Mitsubishi Chemical Holding Corporation (Japan), Hexcel Corporation (US), Solvay SA (Belgium), Gurit (Switzerland), UFP Technologies Ltd. (US), Huntsman Corporation (US), and Hexion (US), are some of the key players in the automotive composites market. These players have taken different organic and inorganic developmental strategies over the past five years.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=10869121

Browse Adjacent Market: Fibers and Composites Market Research Report & Consulting

Related Reports:

Composites Market by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites), Resin Type (Thermoset Composites, Thermoplastic Composites), Manufacturing Process, End-use Industry and Region – Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/composite-market-200051282.html 

Transportation Composites Market by Resin (Thermoplastic and Thermoset), Manufacturing Process, Fiber, Application (Interior, Exterior), Transportation Type (Airways, Roadways, Railways, Waterways), and Region – Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/transportation-composites-market-175821588.html  

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the «Growth Engagement Model – GEM». The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write «Attack, avoid and defend» strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, «Knowledge Store» connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/automotive-composite-market.asp 
Visit Our Website: https://www.marketsandmarkets.com/ 
Content Source: https://www.marketsandmarkets.com/PressReleases/automotive-composite.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg  

The Shyft Group’s Utilimaster Receives Orders for More Than 3,000 Velocity Vehicles from Several Parcel Delivery Customers for Delivery in 2021

NOVI, Mich., Jan. 11, 2021 /PRNewswire/ — The Shyft Group (NASDAQ: SHYF) («Shyft» or the «Company»), North America’s leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty vehicle…

NOVI, Mich., Jan. 11, 2021 /PRNewswire/ — The Shyft Group (NASDAQ: SHYF) («Shyft» or the «Company»), North America’s leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty vehicle markets, announced its Utilimaster go-to-market brand has received orders totaling more than 3,000 units for its recently launched Velocity-F2 purpose-built WIV delivery vehicle. The orders came from parcel delivery customers responding to upward trends in ecommerce. Production is scheduled to ramp up in February, with customers taking delivery beginning in March. 

The Velocity-F2 purpose-built walk-in-van was engineered with drivability, fuel efficiency and payload capacity in mind.  Its proprietary Work-Driven Design® resulted from decades of engineering and ergonomics studies conducted to improve the efficiency and usability of walk-in vans and cargo van upfits for vocational fleets operating in the parcel, linen, food and beverage, pharmaceutical, and grocery delivery segments.

«Our parcel delivery customers continue to operate at near capacity, based on expanding consumer interest in ecommerce shopping and delivered goods and services,» said Daryl Adams, President and Chief Executive Officer of The Shyft Group. «We designed the Velocity to meet an unprecedented demand for last mile delivery and are pleased to provide an innovative solution that meets our customers immediate and future needs.» 

The Shyft Group’s coast-to-coast geographic footprint, with manufacturing facilities spanning ten U.S. states from Maine to California, in addition to its facility in Mexico, provide the company’s go-to-market brands with regional manufacturing and ship-thru convenience across the full product array spanning Class 1 – Class 7 purpose-built vehicles.

Utilimaster and the rest of The Shyft Group family of brands continue as leaders in every segment in which they compete. This past June, the company rebranded itself to The Shyft Group to be more reflective of its next phase of business transformation focused on high-growth commercial, retail, and service specialty vehicle markets. The name represents speed, efficiency, agility, and a high-intensity approach, which corresponds with the company’s pivot in market focus and the forward momentum garnered in the delivery vehicle, work truck, specialty service, and upfit markets.

For more information, please visit www.utilimaster.com.

About Utilimaster and The Shyft Group
Utilimaster is a part of The Shyft Group family of brands. The Shyft Group is the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets. Customers include first-to-last mile delivery companies across vocations, federal, state, and local government entities; the trades; and utility and infrastructure segments. The Shyft Group is organized into two core business units—Shyft Fleet Vehicles and Services and Shyft Specialty Vehicles—and today, the entire family of brands includes Utilimaster, Royal Truck Body, DuraMag, Magnum, Strobes-R-Us, Spartan RV Chassis, Builtmore Contract Manufacturing, and corresponding aftermarket provisions. The Shyft Group and its go-to-market brands are well known in their respective industries for quality, durability, and first-to-market innovation. The Company employs approximately 2,900 associates across campuses, and operates facilities in Michigan, Indiana, Maine, Pennsylvania, South Carolina, Florida, Missouri, California, Arizona, Texas, and Saltillo, Mexico. The Company reported sales from continuing operations of $757 million in 2019. Learn more about The Shyft Group at www.TheShyftGroup.com.

This release contains several forward-looking statements that are not historical facts, including statements regarding potential future demand for our products and statements regarding our ability to fulfill that demand.  These statements can be identified by words such as «believe,» «expect,» «intend,» «potential,» «future,» «may,» «will,» «should,» and similar expressions regarding future expectations. These forward-looking statements involve various known and unknown risks, uncertainties, and assumptions that are difficult to predict with regard to timing, extent, and likelihood. Therefore, actual performance and results may differ materially from what may be expressed or forecasted in such forward-looking statements. Factors that could contribute to these differences include significant continued uncertainties regarding the impact of the COVID-19 pandemic on local, national, and global economic conditions and our production capabilities; operational and other complications that may arise affecting our ability to meet product demand; continued pressures caused by economic conditions; issues unique to government contracting, such as competitive bidding processes, qualification requirements, and delays or changes in funding; changes in our relationships with major customers, suppliers, or other business partners; changes in the demand or supply of products within our markets or raw materials needed to manufacture those products; and changes in laws and regulations affecting our business.  Other factors that could affect outcomes are set forth in our Annual Report on Form 10-K and other filings we make with the Securities and Exchange Commission (SEC), which are available at www.sec.gov or our website.  All forward-looking statements in this release are qualified by this paragraph.  Investors should not place undue reliance on forward-looking statements as a prediction of actual results.  We undertake no obligation to update or revise any forward-looking statements in this release, whether as a result of new information, future events, or otherwise.

CONTACT: 
Media:
Samara Hamilton                           
Vice President, Marketing and Communications                             
The Shyft Group            
Samara.Hamilton@theshyftgroup.com
(517) 997-3860

Sawyer Lipari
Senior Director
Lambert & Co.
slipari@lambert.com
313.309.9551

Investors:
Juris Pagrabs
Group Treasurer, Director of Investor Relations
The Shyft Group
Juris.Pagrabs@theshyftgroup.com
(517) 997-386

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/the-shyft-groups-utilimaster-receives-orders-for-more-than-3-000-velocity-vehicles-from-several-parcel-delivery-customers-for-delivery-in-2021–301204952.html

SOURCE The Shyft Group

Automotive Composites Market worth $9.3 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Jan. 11, 2021 /PRNewswire/ — According to the new market research report «Automotive Composites Market by Fiber Type (Glass, Carbon, Natural), Resin Type (Thermoset, Thermoplastics), Manufacturing Process (Compression, Injection, RTM), Applications (Exterior, Interior), Vehicle…

CHICAGO, Jan. 11, 2021 /PRNewswire/ — According to the new market research report «Automotive Composites Market by Fiber Type (Glass, Carbon, Natural), Resin Type (Thermoset, Thermoplastics), Manufacturing Process (Compression, Injection, RTM), Applications (Exterior, Interior), Vehicle Type, and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the Automotive Composites Market is expected to grow from USD 5.4 billion in 2020 to USD 9.3 billion by 2025, at a CAGR of 11.5% during the forecast period. Government initiatives emphasizing the reduction of carbon emission and shift towards electric vehicles are expected to drive the growth of the automotive composites market.

MarketsandMarkets Logo

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=10869121

Browse in-depth TOC on «Automotive Composites Market»

154 – Market Data Tables
57 – Figures
217 – Pages

View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/automotive-composite-market-10869121.html

Glass fiber composites comprise a major share in terms of both value and volume.

Monomers account for the largest share of the overall market in terms of both value and volume. Government regulations such as Corporate Average Fuel Economy (CAFÉ) standards in the U.S.  carbon emission targets in U.S. have put pressure on OEMs to incorporate lightweight materials to reduce the overall vehicle weight, which has led to increased use of GFRP in the automotive industry. However, due to pandemic COVID-19, the sales of automotive composites decreased due to disturbance in supply chain.

Exterior applications account for the largest market share in the global automotive composites market in terms of value and volume.

The exterior parts include major components such as bumper beam, fender, front end module, door panels, and hood, among others. The use of composites in the automotive industry is an emerging trend as these composites help in achieving high-performance properties such as high stiffness, lightweight, and high strength to weight to ratio. However, because of COVID-19 as well as downturn in the automotive industry, the demand for automotive composites is reduced all over the globe. The exterior segment is at the forefront with the highest consumption of automotive composites globally since it help reduce the weight of the exterior parts hence enabling a weight reduction of the complete car body and make it more fuel-efficient. Germany is the largest consumer of automotive composites. Subsequently, certain Asia Pacific countries such as China and Japan consumed a considerable share of automotive composites in 2019. There is a huge decline in demand in the APAC region due to a complete and partial lockdown in the region.

Non-electric vehicle type dominates the market in the global automotive composites market during the forecast period in terms of value and volume.

The Non-electric vehicle type contributed the major share in the automotive composites market, both in terms of value and volume. Automakers all across the world are taking initiatives to fulfill the mandate imposed by the respective government and to offer the consumer with lightweight and fuel-efficient vehicles. Sereebo, carbon fiber reinforced thermoplastic (CFRTP) jointly developed by Teijin Limited and General Motors, is used for manufacturing the pickup box’s inner dashboard, side, and floor panels. Lately, Ruf Automobile GmbH, a German car manufacturer, has developed the Rodeo concept, an all-wheel-drive carbon fiber safari vehicle based on the classic Porsche 911 safari rally car. These initiatives taken by OEMs across the globe has been driving the growth of the automotive composites market.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=10869121

APAC is expected to account for the largest market share in the automotive composites market during the forecast period.

The APAC is the biggest and the fastest-growing market for automotive composites, consuming one thrid of the total global volume in 2019. The demand for automotive composites is mainly attributed to the growing need for lightweight, fuel-efficient, and environment-friendly vehicles. The manufacturers are focusing on producing lightweight car bodies with emission control features since the government has set stringent regulatory norms for pollution control from vehicles. The market in this region has undergone a significant transformation due to the in-house presence of well-established raw material suppliers, composite product and components manufacturers, and OEMs in itself consuming these composite solutions in automotive applications. The eco-systems of these adjutant industries is more likely to act in favor of growth of the automotive composites market.

Toray Industries Inc. (Japan), SGL Carbon (Germany), Teijin Limited (Japan), Mitsubishi Chemical Holding Corporation (Japan), Hexcel Corporation (US), Solvay SA (Belgium), Gurit (Switzerland), UFP Technologies Ltd. (US), Huntsman Corporation (US), and Hexion (US), are some of the key players in the automotive composites market. These players have taken different organic and inorganic developmental strategies over the past five years.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=10869121

Browse Adjacent Market: Fibers and Composites Market Research Report & Consulting

Related Reports:

Composites Market by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites), Resin Type (Thermoset Composites, Thermoplastic Composites), Manufacturing Process, End-use Industry and Region – Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/composite-market-200051282.html 

Transportation Composites Market by Resin (Thermoplastic and Thermoset), Manufacturing Process, Fiber, Application (Interior, Exterior), Transportation Type (Airways, Roadways, Railways, Waterways), and Region – Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/transportation-composites-market-175821588.html  

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the «Growth Engagement Model – GEM». The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write «Attack, avoid and defend» strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, «Knowledge Store» connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/automotive-composite-market.asp 
Visit Our Website: https://www.marketsandmarkets.com/ 
Content Source: https://www.marketsandmarkets.com/PressReleases/automotive-composite.asp

Cision View original content:http://www.prnewswire.com/news-releases/automotive-composites-market-worth-9-3-billion-by-2025–exclusive-report-by-marketsandmarkets-301205091.html

SOURCE MarketsandMarkets

Ultra Clean Reiterates Fourth Quarter Guidance – Provides Outlook for First Quarter

HAYWARD, Calif., Jan. 11, 2021 /PRNewswire/ — Ultra Clean Holdings, Inc. (Nasdaq: UCTT), today reiterated its guidance for the fourth quarter of 2020 and provided an outlook for the first quarter 2021.

HAYWARD, Calif., Jan. 11, 2021 /PRNewswire/ — Ultra Clean Holdings, Inc. (Nasdaq: UCTT), today reiterated its guidance for the fourth quarter of 2020 and provided an outlook for the first quarter 2021.

For the fourth quarter, 2020, the Company expects to be above the midpoint of guidance for revenue and non-GAAP EPS. Guidance provided during the Third Quarter earnings call was revenue of $345 to $375 million and non-GAAP diluted net income per share between $0.63 and $0.77. 

Demand for UCT’s semiconductor products and services remains strong and, given the industry’s positive outlook, the Company anticipates revenue for the first quarter of 2021 to be in the range of $370 million to $400 million. Detailed guidance for the first quarter of 2021 will be provided during our earnings call.

About Ultra Clean Holdings, Inc.

Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, ultra-high purity cleaning and analytical services primarily for the semiconductor industry. Ultra Clean offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping and component manufacturing, and tool chamber parts cleaning and coating, as well as micro-contamination analytical services. Ultra Clean is headquartered in Hayward, California. Additional information is available at www.uct.com.

Use of Non-GAAP Measures

In addition to providing results that are determined in accordance with Generally Accepted Accounting Principles in the United States of America (GAAP), management uses non-GAAP gross margin, non-GAAP operating margin and non-GAAP net income to evaluate the Company’s operating and financial results. We believe the presentation of non-GAAP results is useful to investors for analyzing our core business and business trends and comparing performance to prior periods, along with enhancing investors’ ability to view the Company’s results from management’s perspective. The presentation of this additional information should not be considered a substitute for results prepared in accordance with GAAP.

The Company currently defines non-GAAP net income as net income (loss) before amortization of intangible assets, restructuring charges, executive transition costs, acquisition costs, fair value adjustments, depreciation adjustments, stock-based compensation, and the tax effects of the foregoing adjustments.

Safe Harbor Statement

The foregoing information contains, or may be deemed to contain, «forward-looking statements» (as defined in the US Private Securities Litigation Reform Act of 1995) which reflect our current views with respect to future events and financial performance. We use words such as «anticipates,» «projection,» «outlook,» «forecast,» «believes,» «plan,» «expect,» «future,» «intends,» «may,» «will,» «estimates,» «see,» «predicts,» «should» and similar expressions to identify these forward-looking statements. Forward looking statements included in this press release include our expectations about the semiconductor capital equipment market and outlook. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, the Company’s actual results may differ materially from the results predicted or implied by these forward-looking statements. These risks, uncertainties and other factors also include, among others, those identified in «Risk Factors,» «Management’s Discussion and Analysis of Financial Condition and Results of Operations» and elsewhere in our annual report on Form 10-K for the year ended December 27, 2019 as filed with the Securities and Exchange Commission. Ultra Clean Holdings, Inc. undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise unless required by law.

Contact:
Rhonda Bennetto, Vice President Investor Relations
rbennetto@uct.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/ultra-clean-reiterates-fourth-quarter-guidance–provides-outlook-for-first-quarter-301204986.html

SOURCE Ultra Clean Holdings, Inc.

Retired Law Enforcement Officer and Glass House Group CEO Kyle Kazan Urges President Trump to Pardon Parker Coleman

LOS ANGELES, Jan. 11, 2021 /PRNewswire/ — Glass House Group, one of the…

LOS ANGELES, Jan. 11, 2021 /PRNewswire/ — Glass House Group, one of the fastest-growing, privately-held, vertically-integrated cannabis and hemp companies in the U.S., issued an open letter to  President Donald J. Trump, urging him to pardon Parker Coleman, who is currently serving a six-decade sentence for a nonviolent marijuana conspiracy offense at USP Beaumont.

 

January 11, 2021

President Donald Trump
The White House
1600 Pennsylvania Avenue
Washington, D.C. 20500

Dear President Trump,

Every President leaves a legacy, and I’m sure history will remember your courage in pardoning Alice Marie Johnson who was sentenced to life imprisonment because of the draconian results from the federal crime bill of 1994 (H.R.3355 – Violent Crime Control and Law Enforcement Act).  While there are many thousands of people whose lives are wasting away in federal prison hoping for a miracle, I would like to bring one such person to your attention who is deserving of another courageous act, Parker Coleman. Mr. President, you have the power to end injustice through the stroke of your pen.

As a retired law enforcement officer and the current CEO of Glass House Group, one of the fastest growing cannabis companies in the U.S., I respectfully request that you pardon Parker Coleman.  Mr. Coleman is serving a six-decade prison sentence for a nonviolent marijuana conspiracy offense at USP Beaumont.  Now in his mid-30s and having already served a decade of his sentence, unless Parker is granted a second chance at life by you, he will be in his 80’s when he is released, a de facto life sentence.

In direct contrast to Parker and many thousands of others who are serving hard time alongside murderers and rapists, countless businesses are operating in 34 states in violation of the same federal marijuana laws.  In fact, fortunes are being made and many states have deemed these businesses to be «essential.»  The magnitude of this growing yet still federally illegal industry is massive as U.S. consumers spent nearly $18 billion on cannabis in 2020 while 68% of Americans support legalization.

As someone who strongly believes in law and order, I ask that you see pardoning him as an action in the best interest of society, justice and the American taxpayers. I appeal to you not only as our President but as a father, grandfather, husband, brother and loyal son.  Parker’s family including his mother, sister, niece, friends and loved ones continue to suffer each and every day from unimaginable pain.  They should not miss one more Christmas or birthday together.

Mr. President, for the reasons outlined above, I respectfully request that you do the right thing and add to your legacy of righting injustice like you did for Alice Marie Johnson and pardon Parker Coleman.

Sincerely, 
Kyle Kazan

About Glass House Group
Glass House Group is one of the fastest-growing, privately-held, vertically integrated cannabis and hemp companies in the U.S. Glass House Group‘s family of eco-friendly, community-conscious cultivation, manufacturing, brands and retail locations bring to market the finest cannabis and hemp strains using cutting-edge technologies and environmental sensibility to deliver uncompromising craft-quality flower, extracts, pre-rolls and cartridges made with care. For more information and company updates, visit https://www.glasshousegroup.com.

Media Contact:
Ellen Mellody
570-209-2947
ellen@mattio.com

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/retired-law-enforcement-officer-and-glass-house-group-ceo-kyle-kazan-urges-president-trump-to-pardon-parker-coleman-301204956.html

SOURCE Glass House Group

Invitae Reports Preliminary 2020 Financial Results of More Than $278 Million in Revenue and More Than 655,000 in Billable Volume

SAN FRANCISCO, Jan. 11, 2021 /PRNewswire/ — Invitae Corporation (NYSE: NVTA), a leading medical genetics company, announced preliminary unaudited full-year 2020 results, reporting strong growth in volume and revenue, signaling continued momentum into 2021.

<div…

SAN FRANCISCO, Jan. 11, 2021 /PRNewswire/ — Invitae Corporation (NYSE: NVTA), a leading medical genetics company, announced preliminary unaudited full-year 2020 results, reporting strong growth in volume and revenue, signaling continued momentum into 2021.

«We are very pleased by the acceleration of our business in 2020, particularly in light of the impact of the COVID-19 pandemic on the healthcare system throughout the year,» said Sean George, Ph.D., co-founder and chief executive officer of Invitae. «Our results underscore the strength of our customer relationships, our continued ability to execute and the benefits of the investments we’ve made in expanding our menu, services and platform. The growth in testing during this time of unrelenting stress on the healthcare system further demonstrates the expanding value genetic information is providing patients as they and their physicians face health challenges and decisions.»

Preliminary, unaudited financial results and other metrics for 2020

  • Generated revenue of more than $278 million in 2020, an approximate 28% increase from $217 million in 2019
  • Reported billable volume of more than 655,000 in 2020, an approximate 40% increase from billable volume of 469,000 in 2019
  • Announced year-end 2020 cash, cash equivalents, restricted cash and marketable securities of more than $360 million as of December 31, 2020

Outlook for 2021
Looking ahead to 2021 and factoring in the continued impact associated with the COVID-19 pandemic, Invitae reiterates its stated outlook for revenue growth targets of 50% – 60% annual growth over the next few years consistent with its view at the time of the announcement of the ArcherDX acquisition. Invitae anticipates generating revenue in excess of $450 million in 2021.

«We are confident we will continue growing rapidly in 2021, even as we navigate the continued pressure the pandemic is placing on clinicians,» said Dr. George. «Our momentum coming out of 2020 and the underlying strength and breadth of our platform enable us to recognize and overcome these challenges while continuing to drive the acceleration of the adoption of genetics in mainstream medicine as the new standard of care.»

Invitae has not completed preparation of its financial statements for the fourth quarter or full year 2020. The preliminary, unaudited results presented in this press release for the year ended December 31, 2020 are based on current expectations and are subject to adjustment. Actual results may differ materially from those disclosed in this press release. Invitae will report its full financial results and other metrics during its fourth quarter and year-end 2020 conference call in February.

Invitae’s Presentation at 39th Annual J.P. Morgan Healthcare Conference
Invitae will present at the 39th Annual J.P. Morgan Healthcare Conference on Tuesday, January 12, 2021 at 10:50 a.m. Eastern/7:50 a.m. Pacific. Following the company presentation, management will participate in a breakout session at 11:10 a.m. Eastern/8:10 a.m. Pacific. The 2021 J.P. Morgan Healthcare Conference is being held virtually via webinar. A live webcast of both the presentation and the breakout session may be accessed at the following direct link or by visiting the investors section of the company’s website at ir.invitae.com. Public listeners can access an audio and slide recording of the session, which will be available shortly after the conclusion of the presentation and breakout session on the investors section of the company’s website at ir.invitae.com.

About Invitae
Invitae Corporation (NYSE: NVTA) is a leading medical genetics company whose mission is to bring comprehensive genetic information into mainstream medicine to improve healthcare for billions of people. Invitae’s goal is to aggregate the world’s genetic tests into a single service with higher quality, faster turnaround time, and lower prices. For more information, visit the company’s website at invitae.com.

Safe Harbor Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including the company’s preliminary financial results for 2020, including billable volume, revenue, cash, cash equivalents, restricted cash and marketable securities; the company’s guidance for 2021, including revenue levels; revenue growth targets; the company’s beliefs regarding its ability to grow rapidly in 2021; the company’s beliefs about its ability to continue to drive the acceleration of the use of genetics throughout mainstream medicine; the company’s beliefs about its ability to recognize and overcome certain challenges; the company’s beliefs regarding the strength of various attributes of its business that it believes prove a basis for such growth; the company’s beliefs regarding the benefits of its acquisitions; and the company’s beliefs regarding the momentum in its business and the drivers of such momentum. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, and reported results should not be considered as an indication of future performance. These risks and uncertainties include, but are not limited to: actual results for the fourth quarter and full year 2020, the year-end close process and audit of the company’s financial statements; the company’s ability to build on momentum in its business and the drivers of momentum; the impact of the COVID-19 pandemic on the company’s business; the company’s history of losses; the company’s need to scale its infrastructure in advance of demand for its tests and to increase demand for its tests; the company’s ability to compete; the company’s ability to develop and commercialize new tests and expand into new markets; risks associated with the company’s ability to use rapidly changing genetic data to interpret test results accurately, consistently, and quickly; the risk that the company may not obtain or maintain sufficient levels of reimbursement for its tests; the company’s ability to successfully integrate acquired businesses, and the benefits to the company of any such acquisitions; laws and regulations applicable to the company’s business; the impact of litigation on the company’s business; and the other risks set forth in the company’s filings with the Securities and Exchange Commission, including the risks set forth in the company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020. These forward-looking statements speak only as of the date hereof, and Invitae Corporation disclaims any obligation to update these forward-looking statements.

Contact:
Laura D’Angelo
ir@invitae.com
(628) 213-3369

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/invitae-reports-preliminary-2020-financial-results-of-more-than-278-million-in-revenue-and-more-than-655-000-in-billable-volume-301204866.html

SOURCE Invitae Corporation