La Alianza Nacional para la Salud Hispana pide al Senado que avancen sin demora la confirmación de Xavier Becerra para ser el 25 ° Secretario de Salud y Servicios Humanos de la nación

WASHINGTON, 22 de febrero de 2021 /PRNewswire-HISPANIC PR WIRE/ — En vísperas de las audiencias de los Comités del Senado sobre la nominación de Xavier Becerra como Secretario de Salud y Servicios Humanos, la Alianza Nacional para la Salud Hispana (La Alianza) envió cartas pidiendo a los Comités que adelantaran la confirmación del Sr. Becerra al pleno del Senado sin demora. «

La Alianza es el grupo líder de defensa de la salud de los hispanos en la…

WASHINGTON, 22 de febrero de 2021 /PRNewswire-HISPANIC PR WIRE/ — En vísperas de las audiencias de los Comités del Senado sobre la nominación de Xavier Becerra como Secretario de Salud y Servicios Humanos, la Alianza Nacional para la Salud Hispana (La Alianza) envió cartas pidiendo a los Comités que adelantaran la confirmación del Sr. Becerra al pleno del Senado sin demora. «

La Alianza es el grupo líder de defensa de la salud de los hispanos en la nación, con una membresía de organizaciones comunitarias que brindan servicios humanos y de salud a más de 15 millones de personas cada año. En su carta a los Comités Senatoriales de Salud, Educación, Trabajo y Pensiones (HELP por sus siglas en inglés) y de Finanzas, la Alianza citó la necesidad crítica de que «este cargo se beneficie de la experiencia y el liderazgo del Sr. Becerra».

En su carta a los Comités Senatoriales de Finanzas y HELP, Jane L. Delgado, PhD, MS, Presidenta y Directora Ejecutiva de la Alianza declaró: «Más que nunca, la nación necesita el liderazgo la experiencia y el conocimiento del Sr. Becerra al frente del Departamento de Salud y Servicios Humanos (DHHS por sus siglas en inglés). Bajo su liderazgo, el DHHS liderará la respuesta al COVID-19 de una manera que reconozca los sacrificios y pérdidas que tantos han sufrido y creará un nuevo camino a seguir. Sus décadas de experiencia con el gobierno en todos los niveles y procesos legislativos y regulatorios, lo han preparado para ser el Secretario del Departamento de Salud y Servicios Humanos de los EE. UU., que el país y, de hecho, la comunidad global necesitan «.

Según la Dra. Delgado, «Esperamos que los Comités del Senado avancen la nominación y la confirmación oportuna de Xavier Becerra para este cargo crítico en el gabinete».

Acerca de la Alianza Nacional para la Salud Hispana (La Alianza)
La Alianza es la principal fuente de información basada en la ciencia de la nación y una defensora confiable de la salud de los hispanos en los Estados Unidos, cuya misión es lograr una mejor salud para todos. Para obtener más información, visítenos en www.nuestrasalud.org 

FUENTE National Alliance for Hispanic Health

FIBRA Prologis Advances with its Asset Recycling Strategy

MEXICO CITY, Feb. 22, 2021 /PRNewswire/ — FIBRA Prologis (BMV: FIBRAPL14), a leading owner and operator of Class-A industrial real estate in Mexico, today announced the completion of two asset recycling transactions. In the Mexico City submarket of Toluca, the company acquired three properties totaling 258,912 square feet of industrial space for a total investment of <span…

MEXICO CITY, Feb. 22, 2021 /PRNewswire/ — FIBRA Prologis (BMV: FIBRAPL14), a leading owner and operator of Class-A industrial real estate in Mexico, today announced the completion of two asset recycling transactions. In the Mexico City submarket of Toluca, the company acquired three properties totaling 258,912 square feet of industrial space for a total investment of US$18.6 million, including closing and leasing costs.  The properties were acquired from a third-party and are proximate to Toluca International Airport and Prologis Park Toluca I. This acquisition complements the company’s existing portfolio in Toluca, which is fully occupied and has seen strong demand. While currently vacant, these three properties are expected to be leased this year.

Separately, the company sold three buildings in Guadalajara totaling 493,400 square feet for $25.1 million to a leading institutional investor and developer. The properties are located in the El Salto submarket and are currently 69% occupied.  

«Through our asset recycling program, we were able to strengthen our portfolio in Toluca while decreasing our exposure to Guadalajara, which has seen greater supply over the last year,» said Luis Gutierrez, CEO, Prologis Property Mexico. «Our team of real estate professionals did a great job with these transactions; creating value for our certificate holders.»

ABOUT FIBRA PROLOGIS

FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico. As of December 31, 2020, FIBRA Prologis was comprised of 205 logistics and manufacturing facilities in six industrial markets in Mexico totaling 40.2 million square feet (3.7 million square meters) of gross leasable area.

FORWARD-LOOKING STATEMENTS

The statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which FIBRA Prologis operates, management’s beliefs and assumptions made by management.  Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as «expects,» «anticipates,» «intends,» «plans,» «believes,» «seeks,» «estimates,» variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature.  All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, acquisition activity, development activity, disposition activity, general conditions in the geographic areas where we operate, our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust («FIBRA») status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments (viii) environmental uncertainties, including risks of natural disasters, (ix) risks related to the coronavirus pandemic, and (x) those additional factors discussed in reports filed with the «Comisión Nacional Bancaria y de Valores» and  the Mexican Stock Exchange by FIBRA Prologis under the heading «Risk Factors.» FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release.

Non-Solicitation – Any securities discussed herein or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein or in the presentations, if and as applicable.

(PRNewsfoto/FIBRA Prologis)

 

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SOURCE FIBRA Prologis

National Alliance for Hispanic Health Calls on Senate to Advance «Without Delay» Confirmation of Xavier Becerra to be Nation’s 25th Secretary of Health and Human Services

WASHINGTON, Feb. 22, 2021 /PRNewswire-HISPANIC PR WIRE/ — On the eve of Senate Committee hearings on the nomination of Xavier Becerra as Secretary of Health and Human Services, the National Alliance for Hispanic Health (Alliance) submitted letters calling on the Committees to advance Mr. Becerra’s confirmation to the full Senate without delay.»

The Alliance is the nation’s leading Hispanic health advocacy group with a community-based membership of organizations…

WASHINGTON, Feb. 22, 2021 /PRNewswire-HISPANIC PR WIRE/ — On the eve of Senate Committee hearings on the nomination of Xavier Becerra as Secretary of Health and Human Services, the National Alliance for Hispanic Health (Alliance) submitted letters calling on the Committees to advance Mr. Becerra’s confirmation to the full Senate without delay.»

The Alliance is the nation’s leading Hispanic health advocacy group with a community-based membership of organizations that provide health and human services to over 15 million people each year. In their letter to the Senate Health, Education, Labor, and Pensions (HELP) and Finance Committees, the Alliance cited the critical need that «this position benefit from the experience and leadership of Mr. Becerra.»

In her letter to the Senate HELP and Finance Committees, Jane L. Delgado, PhD, MS, President and CEO of the Alliance stated, «More than ever, the nation needs Mr. Becerra’s experienced, knowledgeable, and skilled leadership at the helm of DHHS. Under his leadership, DHHS will lead the COVID response in a way that recognizes the sacrifices and losses that so many have endured and create a new path forward. His decades of experience with government at all levels and legislative and regulatory processes have prepared him to be the Secretary of the U.S. Department of Health and Human Services that the country and indeed the global community needs.»

According to Dr. Delgado, «We look forward to the Committee’s advancement of the nomination and the Senate’s timely confirmation of Xavier Becerra for this critical Cabinet position.»

About the National Alliance for Hispanic Health (The Alliance)
The Alliance is the nation’s foremost science-based source of information and trusted advocate for the health of Hispanics in the United States with a mission to achieve the best health for all. For more information visit us at www.healthyamericas.org

SOURCE National Alliance for Hispanic Health

National Alliance for Hispanic Health Calls on Senate to Advance «Without Delay» Confirmation of Xavier Becerra to be Nation’s 25th Secretary of Health and Human Services

WASHINGTON, Feb. 22, 2021 /PRNewswire-HISPANIC PR WIRE/ — On the eve of Senate Committee hearings on the nomination of Xavier Becerra as Secretary of Health and Human Services, the National Alliance for Hispanic Health (Alliance) submitted letters calling on the Committees to advance Mr. Becerra’s confirmation to the full Senate without delay.»

The Alliance is the nation’s leading Hispanic health advocacy group with a community-based membership of organizations…

WASHINGTON, Feb. 22, 2021 /PRNewswire-HISPANIC PR WIRE/ — On the eve of Senate Committee hearings on the nomination of Xavier Becerra as Secretary of Health and Human Services, the National Alliance for Hispanic Health (Alliance) submitted letters calling on the Committees to advance Mr. Becerra’s confirmation to the full Senate without delay.»

The Alliance is the nation’s leading Hispanic health advocacy group with a community-based membership of organizations that provide health and human services to over 15 million people each year. In their letter to the Senate Health, Education, Labor, and Pensions (HELP) and Finance Committees, the Alliance cited the critical need that «this position benefit from the experience and leadership of Mr. Becerra.»

In her letter to the Senate HELP and Finance Committees, Jane L. Delgado, PhD, MS, President and CEO of the Alliance stated, «More than ever, the nation needs Mr. Becerra’s experienced, knowledgeable, and skilled leadership at the helm of DHHS. Under his leadership, DHHS will lead the COVID response in a way that recognizes the sacrifices and losses that so many have endured and create a new path forward. His decades of experience with government at all levels and legislative and regulatory processes have prepared him to be the Secretary of the U.S. Department of Health and Human Services that the country and indeed the global community needs.»

According to Dr. Delgado, «We look forward to the Committee’s advancement of the nomination and the Senate’s timely confirmation of Xavier Becerra for this critical Cabinet position.»

About the National Alliance for Hispanic Health (The Alliance)
The Alliance is the nation’s foremost science-based source of information and trusted advocate for the health of Hispanics in the United States with a mission to achieve the best health for all. For more information visit us at www.healthyamericas.org

SOURCE National Alliance for Hispanic Health

National Alliance for Hispanic Health Calls on Senate to Advance «Without Delay» Confirmation of Xavier Becerra to be Nation’s 25th Secretary of Health and Human Services

WASHINGTON, Feb. 22, 2021 /PRNewswire/ — On the eve of Senate Committee hearings on the nomination of Xavier Becerra as Secretary of Health and Human Services, the National Alliance for Hispanic Health (Alliance) submitted letters calling on the Committees to advance Mr. Becerra’s confirmation to the full Senate without delay.»

The Alliance is the nation’s leading Hispanic health advocacy group with a community-based membership of organizations that provide…

WASHINGTON, Feb. 22, 2021 /PRNewswire/ — On the eve of Senate Committee hearings on the nomination of Xavier Becerra as Secretary of Health and Human Services, the National Alliance for Hispanic Health (Alliance) submitted letters calling on the Committees to advance Mr. Becerra’s confirmation to the full Senate without delay.»

The Alliance is the nation’s leading Hispanic health advocacy group with a community-based membership of organizations that provide health and human services to over 15 million people each year. In their letter to the Senate Health, Education, Labor, and Pensions (HELP) and Finance Committees, the Alliance cited the critical need that «this position benefit from the experience and leadership of Mr. Becerra.»

In her letter to the Senate HELP and Finance Committees, Jane L. Delgado, PhD, MS, President and CEO of the Alliance stated, «More than ever, the nation needs Mr. Becerra’s experienced, knowledgeable, and skilled leadership at the helm of DHHS. Under his leadership, DHHS will lead the COVID response in a way that recognizes the sacrifices and losses that so many have endured and create a new path forward. His decades of experience with government at all levels and legislative and regulatory processes have prepared him to be the Secretary of the U.S. Department of Health and Human Services that the country and indeed the global community needs.»

According to Dr. Delgado, «We look forward to the Committee’s advancement of the nomination and the Senate’s timely confirmation of Xavier Becerra for this critical Cabinet position.»

About the National Alliance for Hispanic Health (The Alliance)
The Alliance is the nation’s foremost science-based source of information and trusted advocate for the health of Hispanics in the United States with a mission to achieve the best health for all. For more information visit us at www.healthyamericas.org

 

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SOURCE National Alliance for Hispanic Health

Frank Boucher Volkswagen of Janesville Offers Savings Now Through End of March

JANESVILLE, Wis., Feb. 22, 2021 /PRNewswire-PRWeb/ — Now through the end of March drivers can save when they take their Volkswagen vehicle to be serviced at Frank Boucher Volkswagen of Janesville. Service coupons are available for percentages off, discounted prices and complimentary services.

Individuals in the market for an oil and filter service are in luck. For $79.95 plus tax, vehicle owners can receive an oil and filter change…

JANESVILLE, Wis., Feb. 22, 2021 /PRNewswire-PRWeb/ — Now through the end of March drivers can save when they take their Volkswagen vehicle to be serviced at Frank Boucher Volkswagen of Janesville. Service coupons are available for percentages off, discounted prices and complimentary services.

Individuals in the market for an oil and filter service are in luck. For $79.95 plus tax, vehicle owners can receive an oil and filter change for up to five quarts of synthetic oil. This deal includes a complimentary dealer Multi-Point Inspection.

Volkswagen drivers can purchase new genuine Volkswagen front wiper blades with a five-dollar off coupon. This includes free installation of the wiper blades. Those interested in other services can enjoy the More-Is-Better Bonus. This coupon includes $10 off any service of $50 or more, $15 off any service of $100 or more and $20 off any service of $150 or more.
Individuals seeking new brake pads for their Volkswagen vehicle can enjoy $20 off brake pad replacement per axle. This service includes a visual inspection of rotors, calipers, cylinders and parking brake operation. It also includes the installation of either front or rear Genuine Volkswagen Brake Pads. The vehicle will also be taken for a complimentary test drive to ensure proper installation.

Two complimentary service being offered by Frank Boucher Volkswagen of Janesville include a battery test and tire rotation. The battery test includes inspecting and cleaning the battery terminals and cables and testing the battery, charging system and starting system. A Multi-Point Inspection will also be conducted. The tire rotation includes inspecting tires for wear and tear, inflating the tires to the correct pressure and rotating the tire positions. Technicians will also inspect the valve stems for damage and replace missing valve caps.

Additional restrictions may apply to the service coupons. All coupons must be printed and presented at the time of write-up. Coupons may not be combined with other offers. There is a limit of one per customer. These coupons are valid only at a participating Volkswagen dealership. See Frank Boucher Volkswagen of Janesville for complete details. Coupons expire on March 31, 2021.

More information can be found at the Frank Boucher Volkswagen of Janesville website, https://www.janesvillevw.com/. The dealership can be contacted via phone at 855-890-2064 Monday through Friday from 9 a.m. to 7 p.m. and Saturdays 9 a.m. to 5 p.m. Frank Boucher Volkswagen of Janesville is located at 4211 Milton Ave. in Janesville.

Media Contact

Gordie Boucher, Boucher Auto Group, 855-890-2064, gordie.boucher@boucher.com

 

SOURCE Frank Boucher Volkswagen of Janesville

Lucid Motors to Go Public in Merger with Churchill Capital Corp IV, Bolstering Lucid’s Vision to Redefine Luxury, Performance and Efficiency in the Sustainable Electric Vehicle Market

NEWARK, Calif. and NEW YORK, Feb. 22, 2021 /PRNewswire/ — Lucid Motors («Lucid»), which is setting new standards for sustainable mobility with its advanced luxury EVs, and Churchill Capital Corp IV (NYSE: CCIV) («CCIV» or «Churchill»), a special purpose acquisition company, announced today that they have entered into a definitive merger agreement. CCIV and Lucid are combining at a transaction equity value of $11.75 billion. The…

NEWARK, Calif. and NEW YORK, Feb. 22, 2021 /PRNewswire/ — Lucid Motors («Lucid»), which is setting new standards for sustainable mobility with its advanced luxury EVs, and Churchill Capital Corp IV (NYSE: CCIV) («CCIV» or «Churchill»), a special purpose acquisition company, announced today that they have entered into a definitive merger agreement. CCIV and Lucid are combining at a transaction equity value of $11.75 billion. The transaction values Lucid at an initial pro-forma equity value of approximately $24 billion at the PIPE offer price of $15.00 per share and will provide Lucid with approximately $4.4 billion in cash (assuming no existing CCIV shares are redeemed for cash at closing). 

Peter Rawlinson, CEO and CTO of Lucid, said, «Lucid is proud to be leading a new era of high-technology, high efficiency zero-emission transportation. Through a ground-up rethinking of how EVs are designed, our in-house-developed, race-proven technology and meticulous engineering have enabled industry-leading powertrain efficiency and new levels of performance. Lucid is going public to accelerate into the next phase of our growth as we work towards the launch of our new pure-electric luxury sedan, Lucid Air, in 2021 followed by our Gravity performance luxury SUV in 2023. Financing from the transaction will also be used to support expansion of our manufacturing facility in Arizona, which is the first greenfield purpose-built EV manufacturing facility in North America, and is already operational for pre-production builds of the Lucid Air. Scheduled to expand over three phases in the coming years, our Arizona facility is designed to be capable of producing approximately 365,000 units per year at scale. Lastly, this transaction further enables the realization of our vision to supply Lucid’s advanced EV technologies to third parties such as other automotive manufacturers as well as offer energy storage solutions in the residential, commercial and utility segments.»

Michael Klein, Chairman and CEO of CCIV, said, «CCIV believes that Lucid’s superior and proven technology backed by clear demand for a sustainable EV make Lucid a highly attractive investment for Churchill Capital Corp IV shareholders, many of whom have an increased focus on sustainability. We are pleased to partner with Peter and the rest of Lucid’s leadership team as it delivers the highly anticipated Lucid Air to market later this year, promising significant disruption to the EV market and creating thousands of jobs across the U.S.»

Lucid is setting new standards in performance, range and efficiency, appealing both to customers and investors committed to a zero-emission future. The company’s differentiated, proprietary EV technology, including its battery technology which is currently powering every vehicle in the world’s leading EV racing series, is underpinned by a rich portfolio of patents. Lucid’s EV technology suite was developed in-house, allowing Lucid Air to deliver outstanding efficiency with a projected range of over 500 miles on a single charge – ahead of all competitors on the market today.

Lucid’s growth will continue to benefit the communities in which it operates, particularly in California where the company is headquartered and in Arizona where the company has built its vehicle manufacturing facility from the ground up as well as its in-house EV powertrain manufacturing facility. Additionally, with directly-owned retail locations already open in California and Florida, Lucid will continue to expand its retail and service footprint across the U.S. throughout 2021. Lucid currently employs nearly 2,000 people in the U.S., and intends to continue growing quickly to support the company’s ramp in operations, with 3,000 employees expected to be added domestically by the end of 2022.

Peter Rawlinson will continue to lead Lucid along with the rest of the company’s seasoned leadership team. Churchill’s leadership team and group of operating partners will actively facilitate key introductions and relationships and provide product, design, and industry insights.

About Lucid

Headquartered in the heart of Silicon Valley in Newark, California, Lucid has benefitted enormously from California’s forward-thinking, innovation-centered business environment. Lucid’s management looks forward to continuing to operate from its California headquarters as a public company. This transaction will also support further expansion of Lucid’s direct-to-consumer retail model and Studio and Service Center locations. Currently, Lucid has 6 Studios open across the U.S. and additional sites under construction, a footprint that is scheduled to grow significantly throughout 2021. Sales expansion is planned for international markets including Europe and Middle East during 2022, and Asia Pacific thereafter.

Lucid’s completed, purpose-built manufacturing facilities are production-ready and positioned for expansion. In Casa Grande, Arizona, Lucid is already manufacturing Lucid Air pre-production vehicles in a state-of-the-art facility called AMP-1 that represents the first greenfield EV manufacturing facility in North America. Just a few miles away from AMP-1 is Lucid’s powertrain manufacturing plant, LPM-1, where Lucid produces battery packs, integrated drive units and Wunderbox two-way chargers, which present significant opportunities in energy-capture technology. In addition to its in-house technological and manufacturing capabilities, Lucid has established strong relationships with core suppliers for key materials like battery cells, including a development and supply agreement with LG Chem. Currently, Lucid’s AMP-1 facility can produce 34,000 vehicles annually, but with a total of three phases of expansion planned over the coming years, the site is expected to be capable of producing approximately 365,000 vehicles per year at scale.

As a part of its vision, Lucid intends to leverage its technology portfolio and expertise in electrification to enable a broader societal transformation towards clean energy. Lucid sees compelling potential for use of its electric powertrain technology in other OEM vehicles as well as in the aerospace, heavy machinery and agricultural industries, and also recognizes adjacent opportunities for energy storage applications in the residential, commercial and utility sectors.

About Lucid Air

Lucid’s first car, the Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design underpinned by race-proven technology. Featuring luxurious full-size interior in a mid-size exterior footprint, the Air will be capable of an EPA estimated range of over 500 miles and 0-60 mph in under 2.5 seconds. Customer deliveries of the Lucid Air, which will be produced at Lucid’s new factory in Casa Grande, Arizona, will accelerate in the second half of 2021 as the factory increases production. Consumers engage with Lucid through an advanced digital platform that is unique in the industry, enabling seamless digital experiences across multiple touchpoints.

Summary of the Transaction

The total investment of approximately $4.6 billion is being funded by CCIV’s approximately $2.1 billion in cash (assuming no redemptions by CCIV shareholders) and a $2.5 billion fully committed PIPE at $15.00 per share, a 50% premium to CCIV’s net asset value, anchored by the Public Investment Fund (PIF) as well as funds and accounts managed by BlackRock, Fidelity Management & Research LLC, Franklin Templeton, Neuberger Berman, Wellington Management and Winslow Capital Management, LLC.

None of Lucid’s existing investors will sell stock in the transaction and are subject to a six-month lock up for the shares they receive in the transaction. All proceeds will be used as growth capital for the company to execute on its strategic and operational initiatives. Lucid currently has no indebtedness.

The transaction includes a $2.5 billion fully committed, common stock PIPE with a unique investor lock-up provision that runs until the later of (i) September 1, 2021, and (ii) the date the PIPE shares are registered.

In connection with the transaction, Churchill’s sponsor has entered into an agreement to amend the terms of its founder equity to align with the long-term value creation and performance of Lucid. Churchill’s sponsor has agreed not to transfer its founder equity for 18 months after the closing of the transaction.

The Board of Directors of Churchill and the special transaction committee of the Board of Directors of Lucid have unanimously approved the proposed transaction.

The transaction is expected to close in Q2 2021, subject to approval by Churchill stockholders representing a majority of the outstanding Churchill voting power, Churchill having available cash at closing of at least $2.8 billion (including the $2.5 billion of committed PIPE proceeds), the expiration of the HSR Act waiting period and other customary closing conditions.

The majority shareholder of Lucid has entered into a Voting and Support Agreement to vote in favor of the transaction, which vote would be sufficient to approve the transaction for Lucid shareholders.

Investor Presentation

A copy of the investor presentation can be found by accessing the Lucid investor page.

Advisors

Citi is serving as sole financial advisor to Lucid. BofA Securities and Guggenheim Securities are serving as M&A advisors to Churchill, and Guggenheim Securities rendered a fairness opinion to Churchill in connection with the proposed transaction. BofA Securities and Citi are serving as co-placement agents and Guggenheim Securities is serving as capital markets advisor to Churchill on the PIPE. Davis Polk & Wardwell LLP is serving as legal counsel to Lucid. Weil, Gotshal & Manges LLP is serving as legal counsel to Churchill.

About Churchill Capital Corp IV

Churchill Capital Corp IV was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Forward-Looking Statements

This press release includes «forward-looking statements» within the meaning of the «safe harbor» provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as «estimate,» «plan,» «project,» «forecast,» «intend,» «will,» «expect,» «anticipate,» «believe,» «seek,» «target,» «continue,» «could,» «may,» «might,» «possible,» «potential,» «predict» or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and operational metrics, projections of market opportunity, market share and product sales, expectations and timing related to commercial product launches, including the start of production and launch of the Lucid Air and any future products, the performance, range, autonomous driving and other features of the Lucid Air, future market opportunities, including with respect to energy storage systems and automotive partnerships, future manufacturing capabilities and facilities, future sales channels and strategies, future market launches and expansion, potential benefits of the proposed business combination and PIPE investment (collectively, the «proposed transactions») and the potential success of Lucid’s go-to-market strategy, and expectations related to the terms and timing of the proposed transactions. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Lucid’s and CCIV’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Lucid and CCIV. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the proposed transactions, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed transactions or that the approval of the shareholders of CCIV or Lucid is not obtained; the outcome of any legal proceedings that may be instituted against Lucid or CCIV following announcement of the proposed transactions; failure to realize the anticipated benefits of the proposed transactions; risks relating to the uncertainty of the projected financial information with respect to Lucid, including conversion of reservations into binding orders; risks related to the timing of expected business milestones and commercial launch, including Lucid’s ability to mass produce the Lucid Air and complete the tooling of its manufacturing facility; risks related to the expansion of Lucid’s manufacturing facility and the increase of Lucid’s production capacity; risks related to future market adoption of Lucid’s offerings; the effects of competition and the pace and depth of electric vehicle adoption generally on Lucid’s future business; changes in regulatory requirements, governmental incentives and fuel and energy prices; Lucid’s ability to rapidly innovate; Lucid’s ability to deliver Environmental Protection Agency («EPA») estimated driving ranges that match or exceed its pre-production projected driving ranges; future changes to vehicle specifications which may impact performance, pricing, and other expectations; Lucid’s ability to enter into or maintain partnerships with original equipment manufacturers, vendors and technology providers; Lucid’s ability to effectively manage its growth and recruit and retain key employees, including its chief executive officer and executive team; Lucid’s ability to establish its brand and capture additional market share, and the risks associated with negative press or reputational harm; Lucid’s ability to manage expenses; Lucid’s ability to effectively utilize zero emission vehicle credits; the amount of redemption requests made by CCIV’s public shareholders; the ability of CCIV or the combined company to issue equity or equity-linked securities in connection with the proposed transactions or in the future; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and the impact of the global COVID-19 pandemic on Lucid, CCIV, the combined company’s projected results of operations, financial performance or other financial metrics, or on any of the foregoing risks; and those factors discussed in CCIV’s final prospectus dated July 30, 2020 and the Quarterly Reports on Form 10-Q for the quarters ended July 30, 2020 and September 30, 2020, in each case, under the heading «Risk Factors,» and other documents of CCIV filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Lucid nor CCIV presently know or that Lucid and CCIV currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid’s and CCIV’s expectations, plans or forecasts of future events and views as of the date of this press release. Lucid and CCIV anticipate that subsequent events and developments will cause Lucid’s and CCIV’s assessments to change. However, while Lucid and CCIV may elect to update these forward-looking statements at some point in the future, Lucid and CCIV specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid’s and CCIV’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Additional Information About the Proposed Transactions and Where to Find It

The proposed transactions will be submitted to shareholders of CCIV for their consideration. CCIV intends to file a registration statement on Form S-4 (the «Registration Statement») with the Securities and Exchange Commission (the «SEC») which will include preliminary and definitive proxy statements to be distributed to CCIV’s shareholders in connection with CCIV’s solicitation for proxies for the vote by CCIV’s shareholders in connection with the proposed transactions and other matters as described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Lucid’s shareholders in connection with the completion of the proposed business combination. After the Registration Statement has been filed and declared effective, CCIV will mail a definitive proxy statement and other relevant documents to its shareholders as of the record date established for voting on the proposed transactions. CCIV’s shareholders and other interested persons are advised to read, once available, the preliminary proxy statement/prospectus and any amendments thereto and, once available, the definitive proxy statement/prospectus, in connection with CCIV’s solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the proposed transactions, because these documents will contain important information about CCIV, Lucid and the proposed transactions. Shareholders may also obtain a copy of the preliminary or definitive proxy statement, once available, as well as other documents filed with the SEC regarding the proposed transactions and other documents filed with the SEC by CCIV, without charge, at the SEC’s website located at www.sec.gov or by directing a request to CCIV.

INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

Participants in the Solicitation

CCIV, Lucid and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from CCIV’s shareholders in connection with the proposed transactions. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of CCIV’s shareholders in connection with the proposed transactions will be set forth in CCIV’s proxy statement/prospectus when it is filed with the SEC. You can find more information about CCIV’s directors and executive officers in CCIV’s final prospectus filed with the SEC on July 30, 2020. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the proxy statement/prospectus when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.

No Offer or Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Contacts

For Lucid Motors, Inc.
Andrew Hussey
andrewhussey@lucidmotors.com
media@lucidmotors.com
investors@lucidmotors.com
Brunswick Group:
Tim Daubenspeck/Stephen Powers/Will Rasmussen
lucid@brunswickgroup.com

For Churchill Capital Corp IV
Steve Lipin / Lauren Odell / Christina Stenson
Gladstone Place Partners
(212) 230-5930

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SOURCE Churchill Capital Corp IV

American Wave Machines, Inc. anuncia PerfectSwell® Shizunami

SOLANA BEACH, California, 22 de febrero de 2021 /PRNewswire/ — American Wave Machines, Inc. (AWM) informó que PerfectSwell® Shizunami…

SOLANA BEACH, California, 22 de febrero de 2021 /PRNewswire/ — American Wave Machines, Inc. (AWM) informó que PerfectSwell® Shizunami (静波サーフスタジアムPerfectSwell®) se construyó en tiempo récord en la población surfista de Shizunami, Makinohara, Japón.  Muchas tiendas locales de surf, incluyendo Jack Ocean Sports, atienden ya a una gran población de surfistas locales y visitantes. 

La construcción de las instalaciones con tecnología para surfear PerfectSwell® se desarrolló durante un año que ha visto condiciones comerciales muy interrumpidas que impactaron los viajes en el mundo y plantearon grandes desafíos de productividad. En cooperación, el concesionario de Surf Stadium Japan (SSJ) y AWM superaron los desafíos que presentó la cadena de suministro y logística para entregar miles de componentes. Las obras civiles se completaron en un tiempo récord de 389 días.

Durante la puesta en marcha de AWM, las innovaciones nunca antes vistas demostrarán sus capacidades. «Distorsión Temporal», un invento reciente en diseño de olas, permite nuevas dimensiones de control hidrodinámico. «La Distorsión Temporal hará posible una variedad completamente nueva de olas, tanto para aplicaciones de alto desempeño como de aprendizaje», comentó William McFarland, programador de surf de AWM. «Esta agregará elementos cambiantes al surf creando una ola más dinámica en general». Otras características nuevas incluyen mejoras a la respuesta energética del sistema. «Los resultados de las pruebas de puesta en marcha confirman que se ha logrado una mejor respuesta en rendimiento», afirmó el ingeniero principal Miquel Lazaro.

PerfectSwell® Shizunami demuestra cómo se puede lograr un escenario de surf de alto desempeño en espacios urbanos, centrados en el surf, con áreas físicas de tamaños relativamente menores, conocidos como «arenas de surf». Esta escalabilidad demuestra cómo la tecnología de surf PerfectSwell® puede implementarse a nivel global en diversas aplicaciones.»El surf será primicia en las Olimpiadas una sola vez.  Este es un momento crucial para el deporte», afirmó Bruce McFarland, fundador de AWM. «PerfectSwell® Shizunami proporciona una plataforma consistente para entrenamientos, exposiciones y eventos de atletas antes de los Juegos Olímpicos».

Una vez que se levante la prohibición de viaje a Japón y AWM pueda comisionar a PerfectSwell® Shizunami, se anunciará la fecha de apertura.

Acerca de American Wave Machines

La tecnología de surf de American Wave Machines, Inc. está protegida por 39 patentes en 11 jurisdicciones. Las instalaciones SurfStream® tienen capacidad para cientos de personas, mientras que las piscinas de surf PerfectSwell® cuentan con áreas superiores a los 4.000 metros cuadrados y capacidad para miles de personas. Desde 2007, se han podido disfrutar más de 4.000.000 de sesiones en instalaciones de American Wave Machines alrededor del mundo.

Acerca del Surf Stadium Japan 

Surf Stadium Japan es una corporación fundada en los valores de la comunidad y la retribución. Surf Stadium Japan promoverá el fuerte espíritu de surf que ya está prosperando en Shizunami.

info@americanwavemachines.com 

Vista aérea de PerfectSwell® Shizunami en etapa final de construcción. Fotografía: Surf Stadium Japan. (PRNewsfoto/American Wave Machines, Inc.)

Video: https://www.youtube.com/watch?v=SjBFcBpZH94 
Fotografía: https://mma.prnewswire.com/media/1442162/PerfectSwell_Shizunami_aerial_view.jpg

 

FUENTE American Wave Machines, Inc.

Business and Community Leaders Urge Congress to Oppose Commercial Rest Areas

ALEXANDRIA, Va., Feb. 22, 2021 /PRNewswire/ — NATSO, representing truckstops and travel plazas, and a diverse coalition that includes restaurants, fuel retailers, city governments, trucking firms and blind entrepreneurs today urged lawmakers to oppose efforts to commercialize Interstate rest areas as Congress considers infrastructure…

ALEXANDRIA, Va., Feb. 22, 2021 /PRNewswire/ — NATSO, representing truckstops and travel plazas, and a diverse coalition that includes restaurants, fuel retailers, city governments, trucking firms and blind entrepreneurs today urged lawmakers to oppose efforts to commercialize Interstate rest areas as Congress considers infrastructure legislation.

The groups, which represent hundreds of thousands of mostly small businesses that operate near the Interstate Highway System, urged lawmakers to reject proposals to carve out any exceptions to the longstanding ban that prohibits state departments of transportation from unfairly competing against the private sector by selling food, fuel or other commercial services, including electric vehicle charging, at Interstate rest areas.

America’s cities, restaurants, hotels, travel plazas, fuel retailers, convenience stores and blind merchants have been economically harmed by the COVID-19 pandemic. Fiscal losses by the nation’s businesses have led to unprecedented unemployment and massive municipal deficits. The private sector’s ability to operate in a competitive and robust marketplace ensures its ability to provide jobs, generate critical tax revenues and further enhance investments in alternative fuels, the groups said in a letter to the members of the House Transportation and Infrastructure Committee.  

«Offering food or fuel, including electric charging services at rest areas, would allow states to enter into a monopoly in which they unfairly compete with the private businesses already operating near the interstate exit interchanges to meet the needs of the motoring public,» said NATSO President and CEO Lisa Mullings. «If state governments preempt consumer demand, they will effectively destroy the incentive for private sector investment.»

«The ban on commercial services at Interstate rest areas exists in order to encourage private commercial activities in off-highway communities,» said NATSO Vice President of Government Affairs David Fialkov. «Carving out an exception for EV charging infrastructure would not only discourage existing refueling stations throughout the country from investing in charging infrastructure, but it will signal to prospective EV drivers that they will not be able to access the same amenities and fueling experience to which they are accustomed. This is the wrong signal for Congress to send.»   

Upending long-established policy prohibiting commercial rest areas also threatens the livelihood of the nation’s blind merchants, who service the vending machines at rest areas, and would hinder the Department of Transportation’s goal of expanding commercial truck parking capacity nationwide.

Congress effectively privatized highway services in 1960, when Congress prohibited states from offering commercial services at rest areas along the Interstate Highway System specifically so that private sector entities would grow and provide services to the traveling public. This includes the establishment of fees for electric vehicle charging. Established businesses including travel plazas, convenience stores, restaurants and hotels are already meeting the needs of highway travelers.

In many rural communities located near Interstates, gas stations, restaurants, convenience stores, truckstops, and hotels represent the largest local taxpayers, contributing more than $22.5 billion in state and local taxes. These funds help support schools, police and fire departments and other vital public services. 

«Any efforts to commercialize rest areas threaten the livelihoods of blind entrepreneurs in the United States who depend on revenue from rest area vending machines,» said Mark Riccobono, President of the National Federation of the Blind. «With unemployment among blind Americans exceeding 70 percent, permitting state-financed food operations that will cause blind entrepreneurs to lose their businesses is unconscionable. Congress enacted the Randolph-Sheppard Act to provide blind people with remunerative employment, enlarge our economic opportunities, and encourage self-support through the operation of vending facilities. Commercializing rest areas is contrary to that intent, and the National Federation of the Blind joins with other stakeholders in fighting these ill-conceived efforts to do so.»

«Many cities and towns across the nation rely on sales and income taxes, which have been reduced sharply during the pandemic, leaving communities facing unprecedented losses,» said Clarence E. Anthony, CEO and Executive Director of the National League of Cities (NLC). «Allowing state-run competition against local businesses would further harm small towns and undermine their ability to pay to maintain roads, build schools and keep their communities safe.»

«The restaurant industry was the first forced to shut down and will be the last to fully reopen. So far, 1 in 6 restaurants has closed during the pandemic and the industry has lost $255 billion in expected sales,» said Sean Kennedy, Executive Vice President for Public Affairs at the National Restaurant Association. «As people slowly start to move around the country again in the coming year, the money spent in the restaurants and other small businesses along the way will help put people back to work and will be crucial to rebuilding local economies. Commercialization of rest areas would create more chaos for the industry and slow efforts to fuel our recovery.»

Congress reaffirmed its commitment to helping exit-based businesses thrive and to supporting local communities as recently as 2012, when the Senate voted 86 to 12 to uphold the longstanding federal law prohibiting the sale of food, fuel and other convenience items from Interstate rest areas.

The letter to Congress was signed by NATSO, Asian American Hotel Owners Association, Energy Marketers of America, Franchise Business Services, International Franchise Association, National Association of Convenience Stores, National Automatic Merchandising Association, National Federation of the Blind, National Franchisee Association, National League of Cities, National Restaurant Association, National Retail Federation, National Tank Truck Carriers, Natural Gas Vehicles for America, and the Society of Independent Gasoline Marketers of America.

NATSO is the professional association of America’s travel plaza and truckstop industry. Founded in 1960, NATSO represents the industry on legislative and regulatory matters; serves as the official source of information on the diverse travel plaza and truckstop industry; provides education to its members; conducts an annual convention and trade show; and supports efforts to generally improve the business climate in which its members operate.

CONTACT: Tiffany Wlazlowski Neuman
Phone: (703) 739-8578

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SOURCE NATSO, Inc.