Corteva Welcomes New Senior Vice President and Chief Technology Officer Sam Eathington

WILMINGTON, Del., Jan. 4, 2021 /PRNewswire/ — Corteva, Inc. (NYSE: CTVA) announced that Sam Eathington, Ph.D., a highly experienced agricultural scientist with extensive expertise in developing cutting-edge technology, has begun his role…

WILMINGTON, Del., Jan. 4, 2021 /PRNewswire/ — Corteva, Inc. (NYSE: CTVA) announced that Sam Eathington, Ph.D., a highly experienced agricultural scientist with extensive expertise in developing cutting-edge technology, has begun his role as Senior Vice President and Chief Technology Officer, effective January 1, 2021.  Reporting to Chief Executive Officer James C. Collins, Jr., Eathington has responsibility for the Company’s industry-leading portfolio of products and technology and spearheading global agricultural innovation and sustainability. Eathington joins Corteva from The Climate Corporation (part of Bayer Crop Science) where he was Chief Science Officer.  He spent nearly two decades focused on quantitative traits and molecular breeding at Monsanto. 

«We are excited to have Sam take over as the leader of our R&D organization,» Collins said. «Sam has a long history of driving commercially successful scientific innovation and his insights and experience will be a tremendous advantage for Corteva. With Sam’s leadership and expertise, we will continue to launch transformative solutions that meet the evolving needs of consumers and empower farmers to produce more, building on the success of recent key product launches while further diversifying our portfolio across crops and geographies. At the same time, we will continue to advance the efficiency and productivity of our R&D operations and deliver greater value for our shareholders.»  

«Corteva’s vast portfolio of products and services and deep relationships throughout the agriculture community reflects its commitment to helping farmers thrive and build for the future,» Eathington said. «Corteva has established significant momentum with a robust pipeline of patented and differentiated products, award-winning technology and leadership in sustainable chemistry.  I am excited to be joining this talented team of scientists at Corteva as we continue to develop technology that positively impacts farmers’ livelihoods and advances environmental sustainability and agricultural resiliency throughout the global food system, while driving accelerated competitive advantages and long-term growth for the business.»

Eathington holds more than 50 patents, patent applications and publications and is an expert contributor to numerous periodicals. He is a sixth-generation Illinois farmer and his family has been farming the same land for 150 years.  He holds a B.S. in agronomy, an M.S. in soybean breeding and genetics and a Ph.D. in quantitative genetics and maize breeding, all from the University of Illinois, Urbana-Champaign.

Eathington succeeds Neal Gutterson, Ph.D., who retired from the Company at the end of 2020.

About Corteva Agriscience
Corteva Agriscience is a publicly traded, global pure-play agriculture company that provides farmers around the world with the most complete portfolio in the industry – including a balanced and diverse mix of seed, crop protection and digital solutions focused on maximizing productivity to enhance yield and profitability. With some of the most recognized brands in agriculture and an industry-leading product and technology pipeline well positioned to drive growth, the company is committed to working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. Corteva Agriscience became an independent public company on June 1, 2019 and was previously the Agriculture Division of DowDuPont. More information can be found at www.corteva.com.

Follow Corteva Agriscience on Facebook, Instagram, LinkedIn, Twitter and YouTube.

TM ® SM Trademarks and service marks of Corteva Agriscience and its affiliated companies.

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SOURCE Corteva, Inc.

­­­Pattern Energy Closes Financing and Starts Full Construction of Western Spirit Wind Projects in New Mexico

ALBUQUERQUE, N.M., Jan. 4, 2021 /PRNewswire/ — Pattern Energy Group LP (Pattern Energy) announced today it has completed financing and started the full construction process of its Western Spirit Transmission line and its suite of Western Spirit Wind power projects totaling more than 1,050 megawatts (MW), located in Guadalupe, Lincoln and Torrance Counties in central New…

ALBUQUERQUE, N.M., Jan. 4, 2021 /PRNewswire/ — Pattern Energy Group LP (Pattern Energy) announced today it has completed financing and started the full construction process of its Western Spirit Transmission line and its suite of Western Spirit Wind power projects totaling more than 1,050 megawatts (MW), located in Guadalupe, Lincoln and Torrance Counties in central New Mexico. The projects are targeted for commercial operation by the end of 2021.

«This is a big day for New Mexico as we ramp up more than a gigawatt of our Western Spirit Wind projects for the largest single-phase construction of renewable power in U.S. history,» said Mike Garland, CEO of Pattern Energy. «Tapping some of the best wind in the world, the Western Spirit Wind projects have a powerful generation profile with an evening peak that is a perfect complement to daytime solar and displaces the need for more expensive, ramping fossil fuels. New Mexico is home to some of the strongest winds in the country and Pattern Energy is committed to harnessing this natural power source to create more than one thousand new jobs and generate more than two billion dollars in net economic impact.»

The Western Spirit Wind projects will utilize a total of 377 GE wind turbines ranging from 2.3 to 2.8 MW in size. The wind projects will be constructed in conjunction with the Western Spirit Transmission Line, an approximately 150 mile, 345kV AC transmission line that will add much needed accessibility for New Mexico’s powerful wind resources to the electricity grid in New Mexico and the broader western markets.

The Western Spirit Transmission line is being developed jointly between Pattern Energy and the New Mexico Renewable Energy Transmission Authority (RETA) and will interconnect directly into the Public Service Company of New Mexico system (PNM). PNM will acquire and operate the transmission line upon its commissioning.

Pattern Energy has more than 4,500 MW of New Mexico wind in operation or development, representing over $9.5 billion of planned investments. For more information please visit patternenergynewmexico.com.

About Pattern Energy
Pattern Energy is one of the world’s largest privately-owned developers and operators of wind, solar, transmission, and energy storage projects. Its operational portfolio includes 28 renewable energy facilities that use proven, best-in-class technology with an operating capacity of 4.4 GW in the United States, Canada and Japan. Pattern Energy is guided by a long-term commitment to serve customers, protect the environment, and strengthen communities. For more information, visit patternenergy.com.

Contacts:

Matt Dallas                                                                 
Pattern Energy                                                           
917-363-1333                                                             
matt.dallas@patternenergy.com

 

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SOURCE Pattern Energy Group LP

Massachusetts Enacts Law Improving Access to Care

AUSTIN, Texas, Jan. 4, 2021 /PRNewswire/ — The American Association of Nurse Practitioners® (AANP) recognizes the leadership of Governor Charlie Baker and the Massachusetts Legislature in improving health care for the people of the Commonwealth through the passage on January 1, 2021 of An Act Promoting a Resilient Health Care System That Puts Patients First. Massachusetts joins 22 other states, the…

AUSTIN, Texas, Jan. 4, 2021 /PRNewswire/ — The American Association of Nurse Practitioners® (AANP) recognizes the leadership of Governor Charlie Baker and the Massachusetts Legislature in improving health care for the people of the Commonwealth through the passage on January 1, 2021 of An Act Promoting a Resilient Health Care System That Puts Patients First. Massachusetts joins 22 other states, the District of Columbia and two U.S. territories in adopting Full Practice Authority legislation, enabling patients to directly access the full breadth of health care services nurse practitioners (NPs) are educated and clinically trained to provide. Passage of this legislation significantly strengthens health care delivery throughout the state.

«The signing of this law represents nearly a decade of effort by many stakeholders to improve health care access in Massachusetts,» said Leah McKinnon-Howe, DNP, ANP-BC, AANP Massachusetts State Representative. «Today we applaud the state legislature and Governor Baker for recognizing the integral role of NPs in the health care delivery system. This legislation makes permanent executive orders that allowed NPs to fully respond to COVID-19 and will better position the state to rebuild and meet the health care challenges ahead.»

«Massachusetts is the latest state to embrace a better care delivery model that recognizes NPs as part of the solution for addressing increasing health care needs,» said AANP President Sophia L. Thomas, DNP, APRN, FNP-BC, PPCNP-BC, FNAP, FAANP. «This decision aligns with the evidence and recommendations for NP licensure from leading health policy groups like the National Academy of Medicine. Research shows that states with Full Practice Authority maintain strong safety and quality outcomes and improve both access to care and cost savings.»

The American Association of Nurse Practitioners (AANP) is the largest professional membership organization for nurse practitioners (NPs) of all specialties. It represents the interests of the more than 290,000 licensed NPs in the U.S. AANP provides legislative leadership at the local, state and national levels, advancing health policy; promoting excellence in practice, education and research; and establishing standards that best serve NPs’ patients and other health care consumers. As The Voice of the Nurse Practitioner®, AANP represents the interests of NPs as providers of high-quality, cost-effective, comprehensive, patient-centered health care. To locate an NP in your community, go to npfinder.com. For more information about NPs, visit aanp.org.

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SOURCE American Association of Nurse Practitioners

New Robot Ariel Debuts at CES 2021, Makes Pool Cleaning a Breeze

TEMPE, Ariz., Jan. 4, 2021 /PRNewswire/ —  Ariel by Solar Breeze is the latest evolution of pool robots to come from Tempe based Pivot-Solar Breeze, and she is making her debut at CES 2021. Ariel produces clean pools by combining the force of solar-power and intelligent technology as she elegantly travels the pool’s surface to collect debris. Pool owners everywhere can pre-order Ariel at <a target="_blank"…

TEMPE, Ariz., Jan. 4, 2021 /PRNewswire/ —  Ariel by Solar Breeze is the latest evolution of pool robots to come from Tempe based Pivot-Solar Breeze, and she is making her debut at CES 2021. Ariel produces clean pools by combining the force of solar-power and intelligent technology as she elegantly travels the pool’s surface to collect debris. Pool owners everywhere can pre-order Ariel at www.solar-breeze.com. Retailers can email paul@solar-breeze.com for special pricing.

Layers of dust and debris that loom on the surface often discourage pool owners from jumping right in. After placing the Ariel unit in the pool and turning her on, she effortlessly maneuvers to remove up to 95% of dirt, leaves, pollen, dust, hair, oil and more before the debris decays and sinks to the bottom. Ariel owners enjoy a net-free world, less bacteria and algae growth, less filtration and sanitization needs, and less pool pump runtime.

«Automated surface cleaning is becoming recognized throughout the pool industry as a critical part of pool maintenance and greatly contributes to having a clean and healthy swimming pool,» said Paul Sim, Vice President of Pivot-Solar Breeze. «Ariel is the culmination of years of engineering and consumer feedback to produce the quintessential, future-focused pool cleaning device that brings a whole new level of intelligence, beauty and performance to the robotic surface cleaning category.» The original Solar-Breeze was launched in 2011, creating a whole new category of robotic pool cleaners. Since then, the Solar-Breeze NX and Solar-Breeze NX2 have become the preferred pool-skimming robots by pool owners in 48 states and 20 countries.

«Ariel by Pivot-Solar Breeze is a MUST for any pool owner,» said Michael Angle, demo unit recipient. «It gobbles up dirt, leaves, pollen, dust, hair, insects, oil and more – anything that lands in my pool! The hours I used to spend skimming my surface are now the hours I spend relaxing, or jumping right in. I love my pool again!»

Ariel by Pivot-Solar Breeze offers these features:

  • Mesh filter collects and retains particles down to 200 microns in size
  • Debris collection chamber that holds twice the volume of a normal skimmer basket
  • Simple removal from pool with no-slip handle
  • Easy to empty debris and clean the unit
  • Rechargeable battery that powers the unit after the sun goes down
  • Solar panels that produce enough power to run the unit and charge the battery during the day
  • Sensors that detect obstructions and light up at night
  • No chords or hoses attached
  • Covers the surface of an average pool every 1.5 hours
  • Functions in temperatures ranging from 40° to 130°F
  • Can withstand water salinity of 6,500 ppm

The difference between Ariel and the previous robot, Solar-Breeze NX2, are as follows:

  • The front bumper wheels have been eliminated, along with all of the mechanical systems that went with them.
  • The rear paddle wheel has been split so that there not two independently operating paddle wheels at the rear of the unit, which allows the unit to steer.
  • There are also now sensors located where the front bumper wheels used to be that will help the unit detect when it is approaching the edge of the pool or any other obstruction!

In addition to the convenience of having a pool that is always swim-ready with almost no effort, customers find that having an Ariel robot in their pool can reduce their pool pump run times by as much as 60%, saving them hundreds of dollars each year in energy costs. Reducing pool pump run time also reduces the environmental impact of having a swimming pool. 

For more information about reserving the pool robot, visit www.solar-breeze.com.

About Pivot-Solar Breeze
Tempe, Arizona-based Pivot-Solar Breeze was founded in 2011 and is dedicated to bringing solar-powered and eco-friendly pool cleaning and maintenance solutions to pool owners. Leveraging patented technology in the solar-powered robotic pool accessories space, its market presence spans 48 states and 20 countries. The company’s mission is to introduce technology and products that make it possible to remove swimming pools from the electrical power grid.

For b-roll footage, brochures and more visit our CES 2021 press kit: https://ces.vporoom.com/Solar-Breeze

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SOURCE Pivot-Solar Breeze

Afterpay Basket Size Increased 30% during Holiday 2020

SAN FRANCISCO, Jan. 4, 2021 /PRNewswire/ — Afterpay (ASX:APT), the leader in «Buy Now, Pay Later» payments, today released consumer shopping trends for the Holiday 2020 shopping season for October 1st through the end of December 2020. Based on this data, consumers…

SAN FRANCISCO, Jan. 4, 2021 /PRNewswire/ — Afterpay (ASX:APT), the leader in «Buy Now, Pay Later» payments, today released consumer shopping trends for the Holiday 2020 shopping season for October 1st through the end of December 2020. Based on this data, consumers expanded their gift giving lists and shopped for more items compared to last year. The average basket size for Afterpay customers in the US increased by 30% when comparing the 2020 and 2019 Holiday shopping seasons. Traffic to Afterpay’s brand partners was also strong, as the company saw a 145% year-over-year increase in referrals to global merchants from its Shop Directory.

Thermal knits, pajamas and socks from Old Navy topped Afterpay’s list of most purchased items this season. Crocs, just off the heels of their #StrapBack TikTok challenge launched in partnership with Afterpay last fall, were also a favorite – as shoppers chose to give the gift of comfort. As we headed into colder winter months, fleece lined boots and slippers also proved to be popular purchases.

Shakaila Forbes-Bell, Afterpay’s resident consumer psychologist said: «In times of crisis, consumers seek both simplicity and familiarity, and this influences their shopping practices. During a particularly challenging holiday season, it’s no surprise that shoppers turned to the ‘good old days’ and the associated fashions to bring about a positive emotional response. Nostalgia has been shown to lift our mood, give us a positive outlook and even make us feel physically warm.»

Customers had the option to shop for the holidays with Afterpay both online and in physical stores, as the company’s list of in-store merchants grew throughout the season. By partnering with Afterpay in-store, retailers were able to tap into Afterpay’s highly engaged shoppers to increase their sales.  Customer demand for Afterpay’s in-store solution continues to grow rapidly. More than two million customers have set up the Afterpay Card to shop in person since the offering went live in Fall 2020. 

Alex Fisher, VP of Retail for Afterpay said: «As shoppers returned to stores this holiday season, we saw a rise in services like Buy Online, Pick Up In Store (BOPIS) and contactless payments. Afterpay is at the forefront of these safe and seamless shopping experiences. According to a recent survey of Afterpay in-store shoppers, 32% of customers had never used contactless payments prior to trying it with Afterpay. We’re proud to be driving the adoption of both contactless payments and flexible spending in stores – meeting the demand for a true omnichannel experience for retailers and shoppers alike.»  

Afterpay hit new milestones in November 2020 during the peak of holiday shopping, with monthly underlying sales in the US exceeding ANZ for the first time, reflecting the increasing contribution from the company’s fastest growing and largest region. The total number of customers that have signed up to Afterpay in the US now exceeds 13 million, and the total number of global retail partners is nearly 64,000, with a strong pipeline of new merchants preparing to launch in 2021.

About Afterpay Limited
Afterpay Limited (ASX: APT) is transforming the way we pay by allowing customers to receive products immediately and pay for their purchases over four installments, always interest-free. The service is completely free for customers who pay on time  – helping people spend responsibly without incurring interest, fees or extended debt. As at September 30, 2020 Afterpay is offered by nearly 64,000 of the world’s favourite retailers, and more than 11 million customers globally have transacted in the past 12 months.

Afterpay is currently available in Australia, Canada, New Zealand, the United States and the United Kingdom, where it is known as Clearpay. Afterpay is on a mission to power an economy in which everyone wins.

 

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SOURCE Afterpay

Bitwise Surpasses $500 Million In Assets Under Management, As Crypto Demand Surges Amongst Professional Investors

SAN FRANCISCO, Jan. 4, 2021 /PRNewswire/ — Bitwise Asset Management, a leading provider of crypto index funds, announced today that it recently surpassed $500 million in assets under management (AUM), after <a target="_blank"…

SAN FRANCISCO, Jan. 4, 2021 /PRNewswire/ — Bitwise Asset Management, a leading provider of crypto index funds, announced today that it recently surpassed $500 million in assets under management (AUM), after reporting $100 million in AUM on October 28, 2020.

The Bitwise 10 Crypto Index Fund (OTCQX: BITW), which seeks to track an index of the 10 largest cryptoassets—including Bitcoin, Ethereum, and Litecoin—has seen the strongest demand, recently crossing over $400M in AUM.

The Bitwise Bitcoin Fund and Bitwise Ethereum Fund—which provide low-cost, professionally managed exposure to Bitcoin and Ethereum, respectively—have seen increased demand as well.

«The speed at which professional investors are moving into crypto right now is remarkable,» said Hunter Horsley, cofounder and Chief Executive Officer of Bitwise. «While adoption of crypto as an asset class and conviction around its role in portfolios rapidly expands, we continue to urge all investors to consider the risks associated with investing in cryptocurrencies in general and the Bitwise Funds in particular.»

Bitwise saw record inflows into its funds during Q4 2020, surpassing the total cumulative inflows of 2018 and 2019 combined. The increased demand came primarily from Bitwise’s core audience, investment professionals, including financial advisors, hedge funds, corporate balance sheets, and other institutional investors.

Bitwise specializes in educating and supporting professional investors, with a senior team and staff from firms like BlackRock, Fidelity, Eaton Vance, Wealthfront, Facebook, J.P. Morgan, and iCapital. The Bitwise Funds offer ongoing private placements to accredited investors via www.bitwiseinvestments.com

About Bitwise Asset Management

Bitwise Asset Management is a leading provider of index and beta crypto funds. Based in San Francisco, Bitwise’s team combines expertise in technology with decades of experience in traditional asset management and indexing—coming from firms including Facebook, Google, Wealthfront, BlackRock, Fidelity, Deutsche Bank, IndexIQ, and ETF.com. Bitwise is backed by leading institutional investors and asset management executives, and is a frequent commentator on crypto in the press. It has been profiled in Institutional Investor, CNBC, Barron’s, Bloomberg, The Wall Street Journal, The New York Times, and many other leading publications. The firm is a trusted partner to financial advisors, RIAs, multifamily offices, hedge funds, and other professional investors as they navigate the crypto space. For more information, visit: www.bitwiseinvestments.com.

Disclosure

Forward-Looking Statements: This communication includes forward-looking statements. All statements other than statements of historical information provided herein are forward-looking and may contain information about known uncertainties. Some of these forward-looking statements can be identified by the use of forward-looking terminology such as «believes,» «should,» «expects,» «may,» «will,» «should,» «seeks,» «approximately,» «intends,» «plans,» «estimates,» and «anticipates» and the negative thereof and other variations thereof and comparable terminology, and by discussions of strategy, plans, intentions, and unrealized investment results. These statements involve risks, uncertainties, assumptions, and other factors that may cause actual results or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this communication, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. We caution the reader that actual results could differ materially from those expected, depending on the outcome of certain factors, including, without limitation, regulatory developments. Readers are cautioned not to place undue reliance on these statements, which speak only as of the date hereof. Past performance is not a guarantee of future results.

This press release is neither an offer to sell nor a solicitation for an offer to buy Interests in any Fund. Any such offer or solicitation will be made solely through definitive offering documents, identified as such, which will contain information about each fund’s investment objectives and terms and conditions of an investment, and may also describe risks and tax information related to an investment therein, and which qualifies in its entirety the information set forth in this press release. Prospective investors must not construe the contents of this document as legal, tax, investment, or other advice. Each prospective investor is urged to consult with its own advisers with respect to legal, tax, regulatory, financial, accounting and similar consequences of investing in any Fund. The Units and the Shares (the «Interests») of the Funds have not been registered under the Securities Act of 1933 («the Securities Act»), the securities laws of any state, or the securities laws of any other jurisdiction, nor is such registration contemplated. The Interests will be and have been offered and sold under the exemption provided by Section 4(a)(2) of the Securities Act of 1933 and Rule 506 of Regulation D promulgated thereunder and other exemptions of similar import in the laws of the states and jurisdictions where the offering will be made. The offer and sale of the Interests have not been registered with or approved or disapproved by the Securities and Exchange Commission (the «SEC») or the securities commission or regulatory authority of any state or foreign jurisdiction. The Funds mentioned herein are not registered as investment companies under the Investment Company Act of 1940, as amended, and Bitwise believes that such registration is not required.

The Shares of Funds that are publicly quoted on the OTCQX Best Market are Shares that have become «unrestricted» under Rule 144 of the Securities Act one year and a day subsequent to the date that the Shares were originally issued (although Shares held by affiliates and insiders will be subject to additional restrictions on resales, including restrictions on the number of Shares that may be resold within any three-month period). Shares that have become unrestricted may be quoted on the OTCQX Best Market and may be purchased and sold throughout the trading day through any brokerage account with access to such markets.

No Advice on Investment; Risk of Loss: Prior to making any investment decision in respect of any Fund or Shares of any Fund, each investor must undertake its own independent examination and investigation of the Fund, including the merits and risks involved in an investment in the Fund or Shares, and must base its investment decision—including a determination whether Shares would be a suitable investment for the investor—on such examination and investigation, and must not rely on Bitwise or the Funds in making such investment decision. Prospective investors must not construe the contents of this website as legal, tax, investment, or other advice. Each prospective investor is urged to consult with its own advisors with respect to legal, tax, regulatory, financial, accounting, and similar consequences of investing in any Fund, the suitability of the investment for such investor, and other relevant matters concerning an investment in the Fund. This press release  contains limited information regarding the terms of the Fund. The summary set forth on this document does not purport to be complete, and is qualified in its entirety by reference to the definitive offering documents relating to each Fund and/or in each case, if available in addition, the Fund’s Annual Report or Information Statement and Quarterly Reports, which can be found on www.otcmarkets.com for the Bitwise 10 Crypto Index Fund (Symbol: BITW). Do not place undue reliance on this press release.

Information May Change and Be Inaccurate, Incomplete, or Outdated: The information in this document is for discussion purposes only, and no representations or warranties are given or implied. All of the information presented herein is subject to change without notice.

 

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SOURCE Bitwise Asset Management

Bitwise Surpasses $500 Million In Assets Under Management, As Crypto Demand Surges Amongst Professional Investors

SAN FRANCISCO, Jan. 4, 2021 /PRNewswire/ — Bitwise Asset Management, a leading provider of crypto index funds, announced today that it recently surpassed $500 million in assets under management (AUM), after <a target="_blank"…

SAN FRANCISCO, Jan. 4, 2021 /PRNewswire/ — Bitwise Asset Management, a leading provider of crypto index funds, announced today that it recently surpassed $500 million in assets under management (AUM), after reporting $100 million in AUM on October 28, 2020.

The Bitwise 10 Crypto Index Fund (OTCQX: BITW), which seeks to track an index of the 10 largest cryptoassets—including Bitcoin, Ethereum, and Litecoin—has seen the strongest demand, recently crossing over $400M in AUM.

The Bitwise Bitcoin Fund and Bitwise Ethereum Fund—which provide low-cost, professionally managed exposure to Bitcoin and Ethereum, respectively—have seen increased demand as well.

«The speed at which professional investors are moving into crypto right now is remarkable,» said Hunter Horsley, cofounder and Chief Executive Officer of Bitwise. «While adoption of crypto as an asset class and conviction around its role in portfolios rapidly expands, we continue to urge all investors to consider the risks associated with investing in cryptocurrencies in general and the Bitwise Funds in particular.»

Bitwise saw record inflows into its funds during Q4 2020, surpassing the total cumulative inflows of 2018 and 2019 combined. The increased demand came primarily from Bitwise’s core audience, investment professionals, including financial advisors, hedge funds, corporate balance sheets, and other institutional investors.

Bitwise specializes in educating and supporting professional investors, with a senior team and staff from firms like BlackRock, Fidelity, Eaton Vance, Wealthfront, Facebook, J.P. Morgan, and iCapital. The Bitwise Funds offer ongoing private placements to accredited investors via www.bitwiseinvestments.com

About Bitwise Asset Management

Bitwise Asset Management is a leading provider of index and beta crypto funds. Based in San Francisco, Bitwise’s team combines expertise in technology with decades of experience in traditional asset management and indexing—coming from firms including Facebook, Google, Wealthfront, BlackRock, Fidelity, Deutsche Bank, IndexIQ, and ETF.com. Bitwise is backed by leading institutional investors and asset management executives, and is a frequent commentator on crypto in the press. It has been profiled in Institutional Investor, CNBC, Barron’s, Bloomberg, The Wall Street Journal, The New York Times, and many other leading publications. The firm is a trusted partner to financial advisors, RIAs, multifamily offices, hedge funds, and other professional investors as they navigate the crypto space. For more information, visit: www.bitwiseinvestments.com.

Disclosure

Forward-Looking Statements: This communication includes forward-looking statements. All statements other than statements of historical information provided herein are forward-looking and may contain information about known uncertainties. Some of these forward-looking statements can be identified by the use of forward-looking terminology such as «believes,» «should,» «expects,» «may,» «will,» «should,» «seeks,» «approximately,» «intends,» «plans,» «estimates,» and «anticipates» and the negative thereof and other variations thereof and comparable terminology, and by discussions of strategy, plans, intentions, and unrealized investment results. These statements involve risks, uncertainties, assumptions, and other factors that may cause actual results or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this communication, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. We caution the reader that actual results could differ materially from those expected, depending on the outcome of certain factors, including, without limitation, regulatory developments. Readers are cautioned not to place undue reliance on these statements, which speak only as of the date hereof. Past performance is not a guarantee of future results.

This press release is neither an offer to sell nor a solicitation for an offer to buy Interests in any Fund. Any such offer or solicitation will be made solely through definitive offering documents, identified as such, which will contain information about each fund’s investment objectives and terms and conditions of an investment, and may also describe risks and tax information related to an investment therein, and which qualifies in its entirety the information set forth in this press release. Prospective investors must not construe the contents of this document as legal, tax, investment, or other advice. Each prospective investor is urged to consult with its own advisers with respect to legal, tax, regulatory, financial, accounting and similar consequences of investing in any Fund. The Units and the Shares (the «Interests») of the Funds have not been registered under the Securities Act of 1933 («the Securities Act»), the securities laws of any state, or the securities laws of any other jurisdiction, nor is such registration contemplated. The Interests will be and have been offered and sold under the exemption provided by Section 4(a)(2) of the Securities Act of 1933 and Rule 506 of Regulation D promulgated thereunder and other exemptions of similar import in the laws of the states and jurisdictions where the offering will be made. The offer and sale of the Interests have not been registered with or approved or disapproved by the Securities and Exchange Commission (the «SEC») or the securities commission or regulatory authority of any state or foreign jurisdiction. The Funds mentioned herein are not registered as investment companies under the Investment Company Act of 1940, as amended, and Bitwise believes that such registration is not required.

The Shares of Funds that are publicly quoted on the OTCQX Best Market are Shares that have become «unrestricted» under Rule 144 of the Securities Act one year and a day subsequent to the date that the Shares were originally issued (although Shares held by affiliates and insiders will be subject to additional restrictions on resales, including restrictions on the number of Shares that may be resold within any three-month period). Shares that have become unrestricted may be quoted on the OTCQX Best Market and may be purchased and sold throughout the trading day through any brokerage account with access to such markets.

No Advice on Investment; Risk of Loss: Prior to making any investment decision in respect of any Fund or Shares of any Fund, each investor must undertake its own independent examination and investigation of the Fund, including the merits and risks involved in an investment in the Fund or Shares, and must base its investment decision—including a determination whether Shares would be a suitable investment for the investor—on such examination and investigation, and must not rely on Bitwise or the Funds in making such investment decision. Prospective investors must not construe the contents of this website as legal, tax, investment, or other advice. Each prospective investor is urged to consult with its own advisors with respect to legal, tax, regulatory, financial, accounting, and similar consequences of investing in any Fund, the suitability of the investment for such investor, and other relevant matters concerning an investment in the Fund. This press release  contains limited information regarding the terms of the Fund. The summary set forth on this document does not purport to be complete, and is qualified in its entirety by reference to the definitive offering documents relating to each Fund and/or in each case, if available in addition, the Fund’s Annual Report or Information Statement and Quarterly Reports, which can be found on www.otcmarkets.com for the Bitwise 10 Crypto Index Fund (Symbol: BITW). Do not place undue reliance on this press release.

Information May Change and Be Inaccurate, Incomplete, or Outdated: The information in this document is for discussion purposes only, and no representations or warranties are given or implied. All of the information presented herein is subject to change without notice.

 

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SOURCE Bitwise Asset Management

Decibel Announces Closing of Non-Dilutive $30 Million Debt Financing

CALGARY, AB, Jan. 4, 2021 /PRNewswire/ – Decibel Cannabis Company Inc. (the «Company» or «Decibel») (TSXV: DB) (OTCQB: DBCCF), is pleased to announce that on December 31, 2020 it closed its previously announced financing with Connect First Credit Union Ltd. in respect of $30 million of debt capital.

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CALGARY, AB, Jan. 4, 2021 /PRNewswire/ – Decibel Cannabis Company Inc. (the «Company» or «Decibel») (TSXV: DB) (OTCQB: DBCCF), is pleased to announce that on December 31, 2020 it closed its previously announced financing with Connect First Credit Union Ltd. in respect of $30 million of debt capital.

Financing Highlights

  • Total Capital & Extended Maturity: The credit facilities includes $28.5 million of term debt and a $1.5 million authorized overdraft to repay Decibel’s existing debt of $26.8 million. The credit facilities mature 5 years from the funding date and amortize over a 10 year term (prior debt was on average a 5 year amortization term).
  • Improved Liquidity: The financing results in $3.2 million of immediate gross proceeds and an additional ~$1 million of principal repayment savings commencing on December 31, 2020. The proceeds will support Decibel’s continued sales growth and working capital requirements.
  • Alignment to Operational Schedule: The credit facilities are aligned to Decibel’s operational schedule. The Company will benefit from an interest only period on $16 million of the term debt, ending in the third quarter of 2021. Principal savings over this period will provide Decibel flexibility and additional resources to support its growth strategy.
  • Lower Interest Rate: The committed interest rate under the credit facilities is a 5 year fixed rate of 4.75% for the term debt and Prime + 1.00% for the authorized overdraft. This reflects a blended interest rate reduction of approximately 1.70%, representing approximately $360 thousand of annual interest savings for Decibel over the full year 2021.
  • Simplification of Financial Covenants: The credit facilities have two annually tested financial covenants, a Debt Service Coverage Ratio of not less than 1.40:1.00, and a Debt to Equity Ratio of not greater than 0.75:1, to commence following Decibel’s 2021 year end (December 31, 2021). The Debt to Equity ratio in subsequent years will step down to 0.50:1 in 2022. The Credit Facilities also have a monthly current ratio covenant of not less than 1.25:1 beginning January 2021. Decibel’s 12 month forecast projects compliance with all financial covenants.

About Decibel

Decibel is uncompromising in the process and craftsmanship needed to deliver the highest quality cannabis products and retail experiences. Decibel has three production houses operating or under development along with its wholly owned retail business, Prairie Records. The Qwest Estate in Creston, BC is a licensed and operating 26,000 square foot cultivation space which produces the widely championed, rare cultivar-focused brands Qwest and Qwest Reserve, which are sold in six provinces across Canada. Thunderchild Cultivation, an 80,000 square foot indoor cultivation facility in Battleford, SK is scheduled to be completed and licensed in 2021. The Plant, Decibel’s extraction facility, in Calgary, AB has 15,000 square feet of Health Canada licensed extraction and product development space. This production house will fuel the growth of our brands Qwest, Qwest Reserve, and Blendcraft, into new and innovative product formats like concentrates, vapes, edibles and beyond.

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

Cautionary Statements

Forward Looking Information

This news release contains «forward-looking information» and «forward-looking statements» (collectively, «forward-looking statements») within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as «expects», or «does not expect», «is expected», «anticipates» or «does not anticipate», «plans», «budget», «scheduled», «forecasts», «estimates», «believes» or «intends» or variations of such words and phrases or stating that certain actions, events or results «may» or «could», «would», «might» or «will» be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

In this news release, forward-looking statements relate to, among other things, Decibel’s anticipated principal savings, including the amount, date of commencement and impact thereof; Decibel’s expected compliance with its financial covenants; the date of repayment of Decibel’s ATB facility and the implied closing date the Credit Facilities; and the anticipated completion and licensing date of Thunderchild Cultivation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: risks relating to delays, regulatory changes and impacts, capital requirements, construction impacts, displacement requirements and unforeseen requirements resulting from the COVID-19 pandemic, the ability to obtain or maintain licences to retail cannabis products; review of the Company’s production facilities by Health Canada and receipt or maintenance of licences (including any amendments thereto) from Health Canada in respect thereof; future legislative and regulatory developments involving cannabis; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the labour market generally and the ability to access, hire and retain employees; general business, economic, competitive, political and social uncertainties; the satisfaction of conditions precedent under the Company’s credit facilities; timing and completion of construction and expansion of the Company’s production facilities and retail locations; and the delay or failure to receive board, regulatory or other approvals, including any approvals of the TSX Venture Exchange, as applicable. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, the Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

This press release contains future-oriented financial information and financial outlook information (collectively, «FOFI») about the Company’s prospective results of operations including, without limitation, the expected results of its costs cutting measures and, which are subject to the same assumptions, risk factors, limitations, and qualifications as  set forth above. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on FOFI. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these FOFI, or if any of them do so, what benefits the Company will derive therefrom. The Company has included the FOFI in order to provide readers with a more complete perspective on the Company’s future operations and such information may not be appropriate for other purposes.

These forward-looking statements and FOFI are made as of the date of this press release and the Company disclaims any intent or obligation to update any forward-looking statements and FOFI, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

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SOURCE Decibel Cannabis Company Inc.

The Car Connection Names Best Car To Buy 2021: Ford Mustang Mach-E

LOS ANGELES, Jan. 4, 2021 /PRNewswire/ — The Car Connection (www.thecarconnection.com), the easiest place to research and shop for cars online, today named the Ford Mustang Mach-E as its Best Car To Buy 2021.

LOS ANGELES, Jan. 4, 2021 /PRNewswire/ — The Car Connection (www.thecarconnection.com), the easiest place to research and shop for cars online, today named the Ford Mustang Mach-E as its Best Car To Buy 2021.

Related auto enthusiast brands Motor Authority (www.motorauthority.com) and Green Car Reports (www.greencarreports.com) also named the winners of their Best Car To Buy awards. The Chevrolet Corvette took the title of Motor Authority’s Best Car To Buy 2021, while the Ford Mustang Mach-E also was named Green Car Reports’ Best Car To Buy 2021.

The Car Connection also named its best picks in individual categories, with base prices limited to $50,000 and with a requirement for standard automatic emergency braking:

Best Convertible To Buy 2021

Ford Mustang

Best Coupe To Buy 2021 

Mercedes-Benz C-Class Coupe

Best Crossover To Buy 2021

Ford Mustang Mach-E

Best Economy Vehicle To Buy 2021

Hyundai Elantra Hybrid

Best Electric Vehicle To Buy 2021

Ford Mustang Mach-E

Best Family Vehicle To Buy 2021

Kia Telluride

Best Hatchback To Buy 2021

Nissan Leaf

Best Hybrid Vehicle To Buy 2021

Hyundai Sonata Hybrid

Best Luxury Vehicle To Buy 2021

Genesis GV80

Best Minivan To Buy 2021

Chrysler Pacifica

Best Performance Vehicle To Buy 2021

Honda Civic Type R

Best Pickup Truck To Buy 2021

Honda Ridgeline

Best Sedan To Buy 2021

Hyundai Sonata Hybrid

Best SUV To Buy 2021

Genesis GV80

Best Wagon To Buy 2021

Volvo V60

Ford Mustang Mach-E: Familiar name, new era

The Car Connection’s expert editors chose the Ford Mustang Mach-E from a competitive field of nominees. Contenders were new or fully redesigned models that achieved top scores in The Car Connection’s unique «TCC Rating» system, while adhering to a $50,000 base-price limit.

The 10-point TCC Rating rolls up scores given to each vehicle across six categories: safety, comfort and utility, fuel economy, performance, technology, and styling.

«The Mach-E cleverly reboots the Mustang name and reformats our expectations for the coming electric-car era,» said Marty Padgett, Editorial Director of The Car Connection, Motor Authority, and Green Car Reports. «The Mach-E delivers it all: efficiency, style, and heritage reinvented.»

This marks the first time in the history of the award that an electric car has been chosen by The Car Connection’s editors.

Chevrolet Corvette: A muscle car, transformed

Performance and luxury brand Motor Authority named the Chevrolet Corvette as its Best Performance/Luxury Car To Buy 2021. Editors selected the winner from new or redesigned luxury/performance vehicles made available for testing. The winner was judged to have the strongest appeal to enthusiasts with acceleration, handling, styling, and features—as well as value—with no price limit.

«The Corvette has been transformed,» Padgett said. «In its new mid-engine layout, the ‘Vette has thrilling handling and acceleration to match its sleek supercar body.»

Ford Mustang Mach-E: An electric car that takes charge of the past—and the future

Green Car Reports, a destination for green cars, electric cars, fuel-efficient cars, and hybrid cars, named the Ford Mustang Mach-E as its Best Green Car To Buy 2021. Editors chose the most significant new green car made widely available to shoppers during the 2021 model year, taking into account new technologies, their practicality, and their impact on the environment.

«The Mach-E doesn’t just trade on the Mustang name,» Padgett said. «It delivers a state of the art electric-car driving experience, with up to 300 miles of range and the promise for higher performance in the near future.»

Driver’s Choice Awards: Celebrating 5 years of putting enthusiasts in the driver’s seat

As they have since 2016, enthusiasts took the driver’s seat once again in The Car Connection’s Driver’s Choice Awards.

Readers were asked to vote on their personal picks for the best new-vehicle choices in a variety of major auto segments. Their choices were:

  • Best Performance Car: Ford Mustang Mach-E
  • Best Green Car: Ford Mustang Mach-E
  • Best Luxury Car: Genesis GV80
  • Best Looking Car: Ford Mustang Mach-E
  • Best Car On A Budget: Mazda CX-30
  • Best Car For Families: Toyota Sienna

About The Car Connection

The Car Connection (www.thecarconnection.com) is the easiest place to research and shop for cars online. The site makes car research easy with its unique «TCC Rating,» a clear numeric rating value based on a 10-point scale that reflects the overall opinion of our automotive experts on any vehicle.

The Car Connection is part of the Internet Brands Automotive Group (www.internetbrandsauto.com), one of the largest collections of automotive properties on the Internet, including pioneering car-buying website CarsDirect.com and a collection of more than 130 auto enthusiast websites. Collectively, the Internet Brands Automotive Group reaches more than 35 million unique visitors each month.

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SOURCE The Car Connection

Global Electric Vehicle Battery Market 2021-2024 with Profiles of Samsung Sdi, Quallion, Boston-Power, and LG Chem Power

DUBLIN, Jan. 4, 2021 /PRNewswire/ — The «Technology Landscape, Trends and Opportunities in the Global Electric Vehicle Battery Market» report has been added to ResearchAndMarkets.com’s offering.

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The technologies in electric vehicle battery have undergone significant change in recent years, with non-rechargeable to rechargeable electric vehicle batteries. The rising wave of new technologies, such as nickel-cadmium batteries, nickel-metal hydride batteries, sodium-nickel chloride batteries, and lithium-ion batteries are creating significant potential for electric vehicle battery applications due to reduced emission, betterment for the environment, health benefits, and safety improvements.

In this market, various technologies, such as lead-acid battery, nickel-cadmium battery, nickel-metal hydride battery, sodium-nickel chloride battery, and lithium-ion battery technologies, are used in battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles. Growing demand for zero emission vehicles and decreasing cost of electric vehicle battery systems are creating opportunities for various electric vehicle battery technologies.

This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the electric vehicle battery market.

The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global electric vehicle battery technology by application, technology, and region.

Some of the electric vehicle battery companies profiled in this report include Samsung Sdi, Quallion, Boston-Power, and LG Chem Power.

This report answers the following 9 key questions:

  • Q.1 What are some of the promising and high-growth technology opportunities for the electric vehicle battery market?
  • Q.2 Which technology will grow at a faster pace and why?
  • Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in electric vehicle battery market?
  • Q.4 What are the levels of technology readiness, competitive intensity and regulatory compliance in this technology space?
  • Q.5 What are the new technology developments in electric vehicle battery market? Which companies are leading these developments?
  • Q.6 What are the latest developments in electric vehicle battery technologies? Which companies are leading these developments?
  • Q.7 Which technologies have potential of disruption in this market?
  • Q.8 Who are the major players in this electric vehicle battery market? What strategic initiatives are being implemented by key players for business growth?
  • Q.9 What are strategic growth opportunities in this electric vehicle battery technology space?

Key Topics Covered:

1. Executive Summary

2. Technology Landscape
2.1. Technology Background and Evolution
2.2. Technology and Application Mapping
2.3. Supply Chain

3. Technology Readiness
3.1. Technology Commercialization and Readiness
3.2. Drivers and Challenges in Electric Vehicle Battery Technologies
3.3. Competitive Intensity
3.4. Regulatory Compliance

4.Technology Trends and Forecasts Analysis from 2013-2024
4.1. Electric Vehicle Battery Opportunity
4.2. Technology Trends (2013-2018) and Forecasts (2019-2024)
4.2.1. Lead-Acid Battery
4.2.2. Nickel-Cadmium Battery
4.2.3. Nickel-Metal Hydride Battery
4.2.4. Sodium-Nickel Chloride Battery
4.2.5. Lithium-Ion Battery
4.3. Technology Trends (2013-2018) and Forecasts (2019-2024) by Application Segments
4.3.1. Battery Electric Vehicle
4.3.1.1. Lead-Acid Battery
4.3.1.2. Nickel-Cadmium Battery
4.3.1.3. Nickel-Metal Hydride Battery
4.3.1.4. Sodium-Nickel Chloride Battery
4.3.1.5. Lithium-Ion Battery
4.3.2. Hybrid Electric Vehicle
4.3.2.1. Lead-Acid Battery
4.3.2.2. Nickel-Cadmium Battery
4.3.2.3. Nickel-Metal Hydride Battery
4.3.2.4. Sodium-Nickel Chloride Battery
4.3.2.5. Lithium-Ion Battery
4.3.3. Plug-in Hybrid Electric Vehicle
4.3.3.1. Lead-Acid Battery
4.3.3.2. Nickel-Cadmium Battery
4.3.3.3. Nickel-Metal Hydride Battery
4.3.3.4. Sodium-Nickel Chloride Battery
4.3.3.5. Lithium-Ion Battery

5.Technology Opportunities (2013-2024) by Region

6.Latest Developments and Innovations in the Electric Vehicle Battery Technologies

7. Companies/Ecosystem
7.1. Product Portfolio Analysis
7.2. Market Share Analysis
7.3. Geographical Reach

8.Strategic Implications
8.1. Implications
8.2. Growth Opportunity Analysis
8.2.1. Growth Opportunities for the Electric Vehicle Battery Market by Technology
8.2.2. Growth Opportunities for the Electric Vehicle Battery Market by Application
8.2.3. Growth Opportunities for the Electric Vehicle Battery Market by Region
8.3. Emerging Trends in the Electric Vehicle Battery Market
8.4. Disruption Potential
8.5. Strategic Analysis
8.5.1. New Product Development
8.5.2. Capacity Expansion of the Electric Vehicle Battery Market
8.5.3. Mergers, Acquisitions, and Joint Ventures in the Electric Vehicle Battery Market

9.Company Profiles of Leading Players
9.1. Samsung Sdi
9.2. Quallion
9.3. Boston-Power
9.4. LG Chem Power

Companies Mentioned

  • Samsung Sdi
  • Quallion
  • Boston-Power
  • LG Chem Power

For more information about this report visit https://www.researchandmarkets.com/r/nta11z

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SOURCE Research and Markets