Autor: venred

THC BioMed expande las áreas de producción de comestibles, bebidas y panadería

– THC BioMed expande las áreas de producción de comestibles, bebidas y panadería y solicita a Health Canada la licencia de nuevas áreas de producción

THC.CSE
THCBF   – OTC
TFHD.F

VANCOUVER, BC, 8 de febrero de 2021 /PRNewswire/ — THC BioMed Intl Ltd. («THC BioMed» o la «compañía«) anuncia que ha completado la construcción de tres unidades de estratos, aumentando su espacio de producción de comestibles y bebidas y añadiendo nuevas instalaciones para productos horneados.

La…

– THC BioMed expande las áreas de producción de comestibles, bebidas y panadería y solicita a Health Canada la licencia de nuevas áreas de producción

THC.CSE
THCBF   – OTC
TFHD.F

VANCOUVER, BC, 8 de febrero de 2021 /PRNewswire/ — THC BioMed Intl Ltd. («THC BioMed» o la «compañía«) anuncia que ha completado la construcción de tres unidades de estratos, aumentando su espacio de producción de comestibles y bebidas y añadiendo nuevas instalaciones para productos horneados.

La compañía ha presentado una solicitud a Health Canada pidiendo la aprobación para iniciar la producción en áreas recientemente construidas.

THC BioMed ha añadido estas áreas de producción en respuesta a la alta demanda para sus productos comestibles. 

Acerca de THC

THC BioMed es una de las compañías de cannabis con licencia que llevan más tiempo activas de Canadá. Fue la primera autorizada para comerciar con cannabis en 2013 bajo la exención de la Sección 56 de Health Canada bajo la Controlled Drugs and Substances Act  y ha sido un productor con licencia bajo el actual régimen desde 2016. Busca ser un líder en el espacio de la bebida y los comestibles.  

THC BioMed es un productor con licencia Cannabis Act de cannabis médico y recreacional. Cuenta con licencia para cultivar y comercializar cannabis seco, de extracto, comestible y tópico. La compañía se encuentra en el marco destacado de la investigación científica y el desarrollo de productos y servicios relacionados con la industria del cannabis médico. El equipo administrativo cree que THC BioMed está posicionada correctamente para estar al frente de su industria de rápido crecimiento.

Información prospectiva:
Este comunicado podría incluir información de declaraciones de futuro integradas en la legislación de valores de Canadá, relacionada con los negocios de THC BioMed. La información de futuro se basa en algunas expectativas clave y presunciones realizadas por medio de la administración de THC BioMed. En algunos casos, se pueden identificar las declaraciones de futuro por medio del uso de palabras como «podrá», «podría», «debería», «espera», «pretende», «planea», «busca», «anticipa», «cree», «estima», «predice», «potencial», «continúa», «posible», «pudiera» y variaciones de estos términos y expresiones similares o los términos negativos o expresiones similares. Las declaraciones de futuro en este comunicado solo sirven hasta la fecha de este comunicado, e incluyen que THC BioMed estará al frente de esta industria de rápido crecimiento. A pesar de que THC BioMed cree que estas expectativas y presunciones en las que la información de futuro se basa sean razonables, las diligencias debidas no deben situarse en la información de las declaraciones de futuro porque THC BioMed no puede asegurar que demuestren ser correctas. THC no tiene ninguna intención u obligación de actualizar de forma pública cualquiera de la información de futuro, ya sea como resultado de la aparición de nueva información, eventos futuros u otros, que sean diferentes de la normativa de valores aplicables

La Bolsa de Valores de Canadá (CSE) no ha revisado y no acepta la responsabilidad sobre la precisión o veracidad de los contenidos de este comunicado

CONTACTO: Director general y consejero delegado: John Miller, THC Biomed Intl Ltd., T: 1-844-THCMEDS, E: info@thcbiomed.com

Choice Privileges Celebrates Presidents Day Weekend With Traveler Discounts

ROCKVILLE, Md., Feb. 8, 2021 /PRNewswire/ — Choice Privileges, the award-winning loyalty program from

ROCKVILLE, Md., Feb. 8, 2021 /PRNewswire/ — Choice Privileges, the award-winning loyalty program from Choice Hotels International, Inc. (NYSE: CHH), is celebrating Presidents Day weekend and Valentine’s Day by offering travelers discounts during the holiday weekend. Beginning today, Choice Privileges members who book trips at participating Choice Hotels properties and check-in between Feb. 11 and Feb. 16 will receive 20% off their stays.

«Whether guests are seeking warmer weather or looking for a quick winter getaway, guests can sweeten their Presidents Day weekend or Valentine’s Day trip with an extra discount off their stays,» said Sarah Searls, chief customer officer, Choice Hotels. «Anyone can sign up for free to be a Choice Privileges member and take advantage of this exclusive 20% off rate and all the benefits and perks that go along with membership.»

To receive this 20% off discount, guests can book travel at ChoiceHotels.com, on the Choice Hotels mobile app or by calling 800.4CHOICE, and can enroll in the Choice Privileges program at checkout.

Choice Privileges, named a top hotel loyalty program by both USA Today’s 10 Best Readers’ Choice Awards and U.S. News & World Report, is making it easier than ever for loyalty members to achieve elite status this year after recently announcing a continuation of the new requirements to earn benefits faster. Updates include reducing the number of nights required to earn elite status and initiating extensions for current elite members.

Membership is free, offering fast rewards, including bonus points, airline miles, or credits for premium coffee and shared rides through the exclusive, personalized, Your Extras benefit. Guest can earn points for future stays at Choice-branded hotels, all-inclusive AMResorts® properties and now at Penn National Gaming casino resorts. For more information or to enroll in Choice Privileges, visit www.choicehotels.com/choice-privileges.

Choice Hotels’ Commitment to Clean initiative and flexible cancellation policies are designed to help give guests added peace of mind when booking a Choice-branded hotel. All Choice-branded hotels are participating in Commitment to Clean, an initiative that builds upon the strong foundation of franchisees’ long-standing dedication to cleanliness with enhanced training and best practices for deep cleaning, disinfecting and social distancing.

About Choice Hotels®
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. With more than 7,100 hotels, representing nearly 600,000 rooms, in over 40 countries and territories as of September 30, 2020, the Choice® family of hotel brands provide business and leisure travelers with a range of high-quality lodging options from limited service to full-service hotels in the upscale, midscale, extended-stay and economy segments. The award-winning Choice Privileges® loyalty program offers members benefits ranging from everyday rewards to exceptional experiences. For more information, visit www.choicehotels.com. 

© 2021 Choice Hotels International, Inc. All rights reserved.

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SOURCE Choice Hotels International, Inc.

Playa Hotels & Resorts N.V. Announces Amendments of Credit Facilities, Extension of Revolving Credit Facility Maturity and Extension of Covenant Relief Periods

FAIRFAX, Va., Feb. 8, 2021 /PRNewswire/ — Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the «Company») today announced that it has entered into amendments to its credit agreements with its senior secured credit facility lenders to, among other things, refinance and extend the maturity of a portion of its revolving credit facility and extend until March 31, 2022 the period during which the secured net leverage ratio requirements of the financial covenants in the credit…

FAIRFAX, Va., Feb. 8, 2021 /PRNewswire/ — Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the «Company») today announced that it has entered into amendments to its credit agreements with its senior secured credit facility lenders to, among other things, refinance and extend the maturity of a portion of its revolving credit facility and extend until March 31, 2022 the period during which the secured net leverage ratio requirements of the financial covenants in the credit agreements are replaced with a minimum liquidity test.

The Company entered into the Fifth Amendment to its Amended & Restated Credit Agreement (the «Fifth Amendment») with Deutsche Bank AG New York Branch, as Administrative Agent and lender and the other lenders party thereto from time to time to, among other things, (i) refinance and extend the maturity of a portion of the Company’s revolving credit facility through January 2024 (the «Refinanced Revolving Loans»), (ii) increase the interest rate applicable to the Refinanced Revolving Loans by 1.00% to, at the Company’s option, either a base rate plus a margin of 3.00% or LIBOR plus a margin of 4.00%, (iii) extend the period during which a minimum required liquidity test replaces the leveraged-based financial covenant through March 31, 2022 (the «DB Covenant Relief Period»), (iv) modify the leveraged-based financial covenant for certain test dates after the DB Covenant Relief Period, and (v) add certain restrictions on, among other things, the incurrence of additional debt and making of investments, dispositions and restricted payments.

In addition, the Company entered into the Second Amendment to Credit Agreement (the «Second Amendment») with an affiliate of Davidson Kempner Capital Management LP as administrative agent and the lenders party thereto from time to time to, among other things, (i) extend the period during which a minimum required liquidity test replaces the leveraged-based financial covenant through March 31, 2022 (the «DK Covenant Relief Period»), (ii) modify the leveraged-based financial covenant for certain test dates after the DK Covenant Relief Period, and (iii) add certain restrictions on, among other things, the incurrence of additional debt and making of investments, dispositions and restricted payments, as the case may be, all as more fully set forth in the Second Amendment.

«The successful extension of the covenant relief period and the amendment to our credit facility significantly increase our financial flexibility in the near term, allowing us to focus on the operational recovery in our markets,» said Bruce Wardinski, Chairman and CEO of Playa. «The ongoing support of our bank lending group has played a pivotal role in our ability to navigate the COVID-19 pandemic successfully and we look forward to continuing the relationship for years to come.»

For additional details on the aforementioned transactions, please refer to the Company’s Current Report on Form 8-K, which will be filed with the SEC on or about February 8, 2021.

About Playa Hotels & Resorts N.V.

Playa Hotels & Resorts N.V. is a leading owner, operator and developer of all-inclusive resorts in prime beachfront locations in popular vacation destinations in Mexico and the Caribbean. Playa owns and/or manages a total portfolio consisting of 20 resorts (7,867 rooms) located in Mexico, Jamaica and the Dominican Republic. In Mexico, Playa owns and manages Hyatt Zilara Cancun, Hyatt Ziva Cancun, Panama Jack Resorts Cancun, Panama Jack Resorts Playa del Carmen, Hilton Playa del Carmen, Hyatt Ziva Puerto Vallarta and Hyatt Ziva Los Cabos. In Jamaica, Playa owns and manages Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa and Jewel Paradise Cove Beach Resort & Spa. In the Dominican Republic, Playa owns and manages the Hilton La Romana, Hyatt Ziva Cap Cana and Hyatt Zilara Cap Cana. Playa also owns two resorts in Mexico and the Dominican Republic that are managed by a third party and Playa manages the Sanctuary Cap Cana, in the Dominican Republic.  

Forward-Looking Statements

This press release contains «forward-looking statements,» as defined by federal securities laws. Forward-looking statements reflect Playa’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words «believe,» «expect,» «anticipate,» «will,» «could,» «would,» «should,» «may,» «plan,» «estimate,» «intend,» «predict,» «potential,» «continue,» and the negatives of these words and other similar expressions generally identify forward looking statements. Such forward-looking statements are subject to various factors that could cause actual outcomes or results to differ materially from those indicated in these statements, including the risks described under the sections entitled «Risk Factors» in Playa’s Annual Report on Form 10-K, filed with the SEC on February 27, 2020 and Quarterly Report on Form 10-Q, filed with the SEC on November 4, 2020, as such factors may be updated from time to time in Playa’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov.  These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Playa’s filings with the SEC.  Currently, one of the most significant factors that could cause actual outcomes to differ materially from our forward-looking statements is the adverse effects of the current COVID-19 pandemic on the financial condition, operating results and cash flows of Playa, the airlines that service the locations where Playa owns resorts, the short and longer-term demand for travel, the global economy and the local economies where Playa owns its resorts, and the financial markets.  While forward-looking statements reflect Playa’s good faith beliefs, they are not guarantees of future performance. Playa disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. You should not place undue reliance on any forward-looking statements, which are based only on information currently available to Playa (or to third parties making the forward-looking statements).

For additional information visit investors.playaresorts.com.

 

 

 

 

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SOURCE Playa Management USA, LLC

Playa Hotels & Resorts N.V. Announces Amendments of Credit Facilities, Extension of Revolving Credit Facility Maturity and Extension of Covenant Relief Periods

FAIRFAX, Va., Feb. 8, 2021 /PRNewswire/ — Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the «Company») today announced that it has entered into amendments to its credit agreements with its senior secured credit facility lenders to, among other things, refinance and extend the maturity of a portion of its revolving credit facility and extend until March 31, 2022 the period during which the secured net leverage ratio requirements of the financial covenants in the credit…

FAIRFAX, Va., Feb. 8, 2021 /PRNewswire/ — Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the «Company») today announced that it has entered into amendments to its credit agreements with its senior secured credit facility lenders to, among other things, refinance and extend the maturity of a portion of its revolving credit facility and extend until March 31, 2022 the period during which the secured net leverage ratio requirements of the financial covenants in the credit agreements are replaced with a minimum liquidity test.

The Company entered into the Fifth Amendment to its Amended & Restated Credit Agreement (the «Fifth Amendment») with Deutsche Bank AG New York Branch, as Administrative Agent and lender and the other lenders party thereto from time to time to, among other things, (i) refinance and extend the maturity of a portion of the Company’s revolving credit facility through January 2024 (the «Refinanced Revolving Loans»), (ii) increase the interest rate applicable to the Refinanced Revolving Loans by 1.00% to, at the Company’s option, either a base rate plus a margin of 3.00% or LIBOR plus a margin of 4.00%, (iii) extend the period during which a minimum required liquidity test replaces the leveraged-based financial covenant through March 31, 2022 (the «DB Covenant Relief Period»), (iv) modify the leveraged-based financial covenant for certain test dates after the DB Covenant Relief Period, and (v) add certain restrictions on, among other things, the incurrence of additional debt and making of investments, dispositions and restricted payments.

In addition, the Company entered into the Second Amendment to Credit Agreement (the «Second Amendment») with an affiliate of Davidson Kempner Capital Management LP as administrative agent and the lenders party thereto from time to time to, among other things, (i) extend the period during which a minimum required liquidity test replaces the leveraged-based financial covenant through March 31, 2022 (the «DK Covenant Relief Period»), (ii) modify the leveraged-based financial covenant for certain test dates after the DK Covenant Relief Period, and (iii) add certain restrictions on, among other things, the incurrence of additional debt and making of investments, dispositions and restricted payments, as the case may be, all as more fully set forth in the Second Amendment.

«The successful extension of the covenant relief period and the amendment to our credit facility significantly increase our financial flexibility in the near term, allowing us to focus on the operational recovery in our markets,» said Bruce Wardinski, Chairman and CEO of Playa. «The ongoing support of our bank lending group has played a pivotal role in our ability to navigate the COVID-19 pandemic successfully and we look forward to continuing the relationship for years to come.»

For additional details on the aforementioned transactions, please refer to the Company’s Current Report on Form 8-K, which will be filed with the SEC on or about February 8, 2021.

About Playa Hotels & Resorts N.V.

Playa Hotels & Resorts N.V. is a leading owner, operator and developer of all-inclusive resorts in prime beachfront locations in popular vacation destinations in Mexico and the Caribbean. Playa owns and/or manages a total portfolio consisting of 20 resorts (7,867 rooms) located in Mexico, Jamaica and the Dominican Republic. In Mexico, Playa owns and manages Hyatt Zilara Cancun, Hyatt Ziva Cancun, Panama Jack Resorts Cancun, Panama Jack Resorts Playa del Carmen, Hilton Playa del Carmen, Hyatt Ziva Puerto Vallarta and Hyatt Ziva Los Cabos. In Jamaica, Playa owns and manages Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa and Jewel Paradise Cove Beach Resort & Spa. In the Dominican Republic, Playa owns and manages the Hilton La Romana, Hyatt Ziva Cap Cana and Hyatt Zilara Cap Cana. Playa also owns two resorts in Mexico and the Dominican Republic that are managed by a third party and Playa manages the Sanctuary Cap Cana, in the Dominican Republic.  

Forward-Looking Statements

This press release contains «forward-looking statements,» as defined by federal securities laws. Forward-looking statements reflect Playa’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words «believe,» «expect,» «anticipate,» «will,» «could,» «would,» «should,» «may,» «plan,» «estimate,» «intend,» «predict,» «potential,» «continue,» and the negatives of these words and other similar expressions generally identify forward looking statements. Such forward-looking statements are subject to various factors that could cause actual outcomes or results to differ materially from those indicated in these statements, including the risks described under the sections entitled «Risk Factors» in Playa’s Annual Report on Form 10-K, filed with the SEC on February 27, 2020 and Quarterly Report on Form 10-Q, filed with the SEC on November 4, 2020, as such factors may be updated from time to time in Playa’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov.  These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Playa’s filings with the SEC.  Currently, one of the most significant factors that could cause actual outcomes to differ materially from our forward-looking statements is the adverse effects of the current COVID-19 pandemic on the financial condition, operating results and cash flows of Playa, the airlines that service the locations where Playa owns resorts, the short and longer-term demand for travel, the global economy and the local economies where Playa owns its resorts, and the financial markets.  While forward-looking statements reflect Playa’s good faith beliefs, they are not guarantees of future performance. Playa disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. You should not place undue reliance on any forward-looking statements, which are based only on information currently available to Playa (or to third parties making the forward-looking statements).

For additional information visit investors.playaresorts.com.

 

 

 

 

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SOURCE Playa Management USA, LLC

Playa Hotels & Resorts N.V. Completes the Sale of Dreams Puerto Aventuras

FAIRFAX, Va., Feb. 8, 2021 /PRNewswire/ — Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the «Company») today announced that it closed on the sale of the Dreams Puerto Aventuras for a total consideration of $34.5 million in cash.

FAIRFAX, Va., Feb. 8, 2021 /PRNewswire/ — Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the «Company») today announced that it closed on the sale of the Dreams Puerto Aventuras for a total consideration of $34.5 million in cash.

The transaction increased the Company’s liquidity by approximately $32.0 million, reflecting the $34.5 million consideration net of customary closing costs.

Proceeds from the sale of these resorts will be utilized for general business purposes which may include reducing the Company’s outstanding debt.

About Playa Hotels & Resorts N.V.

Playa Hotels & Resorts N.V. («Playa») is a leading owner, operator and developer of all-inclusive resorts in prime beachfront locations in popular vacation destinations in Mexico and the Caribbean. Playa owns and/or manages a total portfolio consisting of 20 resorts (7,867 rooms) located in Mexico, Jamaica, and the Dominican Republic. In Mexico, Playa owns and manages Hyatt Zilara Cancun, Hyatt Ziva Cancun, Panama Jack Resorts Cancun, Panama Jack Resorts Playa del Carmen, Hilton Playa del Carmen, Hyatt Ziva Puerto Vallarta and Hyatt Ziva Los Cabos. In Jamaica, Playa owns and manages Hyatt Zilara Rose Hall and Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay and Jewel Paradise Cove Beach Resort & Spa. In the Dominican Republic, Playa owns and manages the Hilton La Romana, Hyatt Ziva Cap Cana and Hyatt Zilara Cap Cana. Playa also owns two resorts in the Dominican Republic that are managed by a third party and Playa manages the Sanctuary Cap Cana, in the Dominican Republic.  

Forward-Looking Statements

This press release contains »forward-looking statements,» as defined by federal securities laws. Forward-looking statements reflect Playa’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words «believe,» «expect,» «anticipate,» «will,» «could,» «would,» «should,» «may,» «plan,» «estimate,» «intend,» «predict,» «potential,» «continue,» and the negatives of these words and other similar expressions generally identify forward looking statements. Such forward-looking statements are subject to various factors that could cause actual outcomes or results to differ materially from those indicated in these statements. including the risks described under the section entitled «Risk Factors» in Playa’s Annual Report on Form 10-K, filed with the SEC on February 27, 2020 and Form 10-Q filed November 4, 2020, as such factors may be updated from time to time in Playa’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov.  These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Playa’s filings with the SEC.  Currently, one of the most significant factors that could cause actual outcomes to differ materially from our forward-looking statements is the adverse effects of the current COVID-19 pandemic on the financial condition, operating results and cash flows of Playa, the airlines that service the locations where Playa owns resorts, the short and longer-term demand for travel, the global economy and the local economies where Playa owns its resorts, and the financial markets.  While forward-looking statements reflect Playa’s good faith beliefs, they are not guarantees of future performance. Playa disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. You should not place undue reliance on any forward-looking statements, which are based only on information currently available to Playa (or to third parties making the forward-looking statements).

For additional information visit investors.playaresorts.com.

 

 

 

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SOURCE Playa Management USA, LLC

Pessl Instruments FieldClimate software is now available to Davis Instruments customers

WEIZ, Austria, Feb. 8, 2021 /PRNewswire/ — Pessl Instruments and Davis Instruments, two leading global manufacturers of weather stations, data collection hardware, and software for agriculture have partnered to integrate data from Davis Instruments WeatherLink cloud platform with Pessl Instruments FieldClimate software.

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WEIZ, Austria, Feb. 8, 2021 /PRNewswire/ — Pessl Instruments and Davis Instruments, two leading global manufacturers of weather stations, data collection hardware, and software for agriculture have partnered to integrate data from Davis Instruments WeatherLink cloud platform with Pessl Instruments FieldClimate software.

«No matter the innovation, cooperation, or other step in the development of the company, we always go for it with the most important goal in mind – how will the farmer benefit from it. Partnering up with Davis Instruments, and summing up almost 80+ years of experience in farming solutions, weather data, and analysis, will directly impact farmers, helping them ease the farming processes, save resources, avoid costly errors and earn the most out of their hard work. Pessl Instruments since the beginning has always strived to collaboration where it makes sense for all parties and where there is a clear win, win, win,» explains Gottfried Pessl, CEO and Founder of Pessl Instruments.

FieldClimate is one of the first and largest web platforms specifically designed for collecting, analyzing, displaying agronomic, meteorological, soil, insect and tracking data. Available in multiple languages for tens of thousands of METOS weather station owners, it can now easily collect data from other weather stations and sensors also. The integration with WeatherLink data gives Davis customers access to the FieldClimate platform and Pessl’s enhanced decision support tools.

«We are excited to offer Pessl FieldClimate software to the tens of thousands of farmers, on six continents, who trust Davis Instruments’ VantagePro2 weather stations and EnviroMonitor farm data platform to collect critical weather and other sensor data from their farms. This collaboration provides our customers the choice to select the best combination of hardware and software wherever they farm,» said Chris Sullivan, President of Davis Instruments.

About Pessl

For over 36 years, Pessl has been offering a complete range of wireless, solar-powered monitoring systems, that support all major communication standards, under the METOS® brand. The systems, along with the software – FieldClimate, are applicable in all climate zones, can be used in various industries, and for various purposes – from agriculture, to smart cities, research, meteorology, flood warning and more.

About Davis

Davis Instruments created the personal weather station industry nearly 40 years ago. Today, Davis Instruments is a leading global provider of accurate, durable, and affordable weather instruments and data services for homes, schools, government agencies, and farms.

Contact:

Pessl Instruments
marketing@metos.at
+43-31-72-55-21

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SOURCE Pessl Instruments

Current Sensor Market to Reach $2.61 Bn, Globally, by 2027 at 6.3% CAGR: AMR

– Demand for the Hall-effect technology, increase in adoption of industrial robots, and trend of hybrid vehicles in the automotive industry drive the growth of the global current sensor market.

PORTLAND, Ore., Feb. 8, 2021 /PRNewswire/ — Allied Market Research published a report, titled, «Current Sensor Market by Type (Open Loop and Closed Loop), Current Sensing Technology (Hall Effect, Current Transformer, Flux Gate, and Rogowski Effect), and End Use (Automotive, Consumer…

– Demand for the Hall-effect technology, increase in adoption of industrial robots, and trend of hybrid vehicles in the automotive industry drive the growth of the global current sensor market.

PORTLAND, Ore., Feb. 8, 2021 /PRNewswire/ — Allied Market Research published a report, titled, «Current Sensor Market by Type (Open Loop and Closed Loop), Current Sensing Technology (Hall Effect, Current Transformer, Flux Gate, and Rogowski Effect), and End Use (Automotive, Consumer Electronics, Industrial, Telecommunication, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.» According to the report, the global current sensor industry generated $1.65 billion in 2019, and is expected to reach $2.61 billion by 2027, witnessing a CAGR of 6.3% from 2020 to 2027.

Allied_Market_Research_Logo

Drivers, restraints, and opportunities

Demand for the Hall-effect technology, increase in adoption of industrial robots, and trend of hybrid vehicles in the automotive industry drive the growth of the global current sensor market. However, high initial costs and technical issues related to current sensors hinder the market growth. On the other hand, rapid adoption of 5G technology that raises the demand for closed-loop current sensor creates new opportunities in the coming years.

Download Sample Report (227+ Pages with Latest Insights): https://www.alliedmarketresearch.com/request-sample/8323

Covid-19 Scenario

  • Owing to the shutdown of manufacturing facilities, the R&D activities in the semiconductor and electronics industry have been stopped. The supply chain disruptions have led to a shortage of raw materials.
  • Daily operations in the end-use industries such as industrial and automotive have been stopped due to lockdown. This has led to decrease in demand for current sensors.
  • The demand would grow gradually as end-use industries begin their operations during the post-lockdown period. Moreover, purchase capability among customers would increase. By the end of 2020, the demand would grow for the development of autonomous technologies, such as industrial robots and autonomous electric cars.

The open loop segment to maintain its dominant share during the forecast period

Based on type, the open loop segment accounted for the highest market share, accounting for nearly three-fourths of the global current sensor market in 2019, and will maintain its dominant share in terms of revenue during the forecast period. This is due to its compact size and less power consumption. However, the closed loop segment is expected to grow at the highest CAGR of 7.2% from 2020 to 2027, owing to high linearity, rapid response, and low temperature drift.

Get detailed COVID-19 impact analysis on the Current Sensor Market

The industrial segment to maintain its lead position during the forecast period

Based on end-use industry, the industrial segment accounted for the highest market share in 2019, contributing to nearly two-fifths of the global current sensor market, and is estimated to maintain its lead position during the forecast period. This is due to rise in application in heavy machinery that needs operation protection. However, the automotive segment is projected to witness the fastest CAGR of 7.5% from 2020 to 2027, owing to high demand for current sensors for installation in motor vehicles.

Asia-Pacific, followed by North America, to grow at the fastest rate

Based on region, Asia-Pacific, followed by North America, is expected to register the largest CAGR of 7.2% during the forecast period. Moreover, Asia-Pacific held the highest market share in 2019, contributing to more than one-third of the global current sensor market, and will maintain its leadership status by 2027. This is attributed to presence of large number of industries and high customer potential that leads to increase in demand. The report also analyzes regions including Europe and LAMEA.

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Leading market players

  • Infineon Technologies
  • Honeywell International Inc.
  • Texas Instruments
  • Allegro MicroSystems, LLC
  • Tamura Corp.
  • TDK Corporation
  • LEM International SA
  • Pulse Electronics
  • Eaton Corporation PLC
  • Sensitec GmbH

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Worldwide Industry for Business Jets to 2030 – Demand for Business Jets Remains Skewed Towards Heavy Jets

DUBLIN, Feb. 8, 2021 /PRNewswire/ — The «Global Business Jet Market – Annual Review – 2021 – Key Trends, Issues & Challenges, Growth…

DUBLIN, Feb. 8, 2021 /PRNewswire/ — The «Global Business Jet Market – Annual Review – 2021 – Key Trends, Issues & Challenges, Growth Opportunities, Force Field Analysis, Market Outlook» report has been added to ResearchAndMarkets.com’s offering.

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The Global Business Jet market has been on the recovery path while facing tremendous headwinds in a complex, difficult & highly challenging market environment with the global economy reeling under the pressure of COVID-19 pandemic. The global business jet market in fact has been faring much better than commercial aviation, marking a major departure from the usual trend owing to social distancing mandates, and has witnessed a strong uptick in fleet utilization levels by late 2020 and is projected to make a recovery to pre-COVID levels, in terms of fleet utilization, by mid-2021. The industry has shown tremendous resilience over the past decade with the OEMs focusing on portfolio refresh led by new product introductions, reinforcement of presence across key markets & regions and services portfolio expansion amid a difficult demand environment through the decade.

The market demand for business jets remains skewed towards heavy jets where the three way battle for market shares continues to be fought amongst the triad of Gulfstream, Bombardier and Dassault Aviation with Gulfstream maintaining its pole position with a strong product portfolio, market positioning and leveraging the first mover advantage to full effect while a restructured Bombardier pivoted solely around business aviation is likely to be much more focused & competitive with its Global 7500 program. The long term fundamentals for the industry remain strong & well in place with regulatory mandates & sustainability focus likely to drive new aircraft sales apart from modernization & upgrade of existing aircrafts translating into an overall fillip for the industry over medium term.

Additionally, the market dynamics for business jets are likely to witness a major disruption & transformation with the advent of supersonic business jets which are likely to become a reality towards the middle to late 2020s with a number of industry OEMs working actively on their development. Business aviation is also likely to face a stiff challenge from civil rotorcrafts, starting with the AW609 which is likely to enter service over near term, apart from the unfolding of innovative & disruptive business models under Urban Aerial Mobility over medium term while simultaneously tackling sustainability challenges going forward.

Against this backdrop, the report analyzes and provides insights into key industry, market & technology trends likely to shape the future of the global business aviation market over near to medium term followed by outlining of emerging, potential growth opportunities for the long term.

Relevance & Usefulness: The report will be useful for:

  • Strategic Planning & Decision-Making process
  • Identification of & Insights into Potential Growth Opportunities & Avenues for Long Term
  • Market Evolution & Demand Growth Projections over Next Decade
  • Assessing potential impact of emerging Market Trends & Developments
  • Contingency planning for current Strategies & Programs
  • Identifying & highlighting areas for making potential Strategic Changes, Adjustments & Realignment
  • Strategic Perspective on the near-term Business & Strategic Outlook for Business Aviation

Key Topics Covered:

Section – 1: Global Business Aircraft Market – Introduction & Market Overview

Section – 2: Market Segmentation
2.1 Global Business Aircraft Market – Introduction & Overview
2.2 Global Business Aircraft Market – Key Market Segments
2.3 Global Business Aircraft Fleet – Size, Evolution & Growth Rate

Section – 3
Business Aviation – Dynamics & Key Drivers

Section – 4
Industry Trends

Section – 5
Market Trends

Section – 6
Technology Trends

Section – 7
Key Issues, Challenges & Risk Factors

Section – 8
Global Business Aircraft Market – Force Field Analysis – Analysis of Driving & Restraining Forces and their Overall Dynamics

  • Driving Forces
  • Restraining Forces

Section – 9
Global Business Aircraft Market – Aircraft Deliveries for 2020 and Market Outlook for 2021

Section – 10
Strategic Market Outlook & Demand Projections – Global Business Aircraft Market – 2021-2030

  • Analysis of Emerging Market Scenario for Business Jets
  • Global Demand Outlook – Business Aircrafts – Forecast – 2021-2030
  • Demand Growth Projections for Business Jets through 2030 –
  • Light Jets
  • Medium Jets
  • Heavy Jets
  • Demand Growth Forecasts for Key Geographic Markets & Regions – 2021-2030
  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • Latin America

For more information about this report visit https://www.researchandmarkets.com/r/4d6o57

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com   

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Cision View original content:http://www.prnewswire.com/news-releases/worldwide-industry-for-business-jets-to-2030—demand-for-business-jets-remains-skewed-towards-heavy-jets-301223782.html

SOURCE Research and Markets

INTEGRITY Security Services Device Management Dashboard (DMD) Service Provides the V2X /C2X Ecosystem with End-to-End OBU & RSU Visibility for Better Network Management

SANTA BARBARA, Calif., Feb. 8, 2021 /PRNewswire/ — INTEGRITY Security Services (ISS) today announced its Security Credential Management System (SCMS) add-on Device Management Dashboard Service (DMD). The ISS Certificate Management Service (CMS) DMD Service is another first for the vehicle-to-everything (V2X),…

SANTA BARBARA, Calif., Feb. 8, 2021 /PRNewswire/ — INTEGRITY Security Services (ISS) today announced its Security Credential Management System (SCMS) add-on Device Management Dashboard Service (DMD). The ISS Certificate Management Service (CMS) DMD Service is another first for the vehicle-to-everything (V2X), cellular vehicle-to-everything (C-V2X) and car-to-everything (C2X) markets globally. The CMS Device Management Dashboard Service provides the industry’s first end-to-end management dashboard to visualize any On-Board Unit (OBU) or Roadside Unit (RSU) being provisioned by the ISS CMS. In use today in Connected Vehicle (CV) Pilot programs, the ISS DMD Service provides visibility into the interactions that OBUs and RSUs have with the ISS CMS, providing a rich set of reports and detailed auditing information to help fleet, infrastructure owner-operator (IOO), and Department of Transportation (DOT) operators with C-V2X, V2X and C2X security rollouts and deployments. The CMS DMD Service enhances the features of the ISS CMS, which provides certificates to OBUs and RSUs used in USDOT CV Pilots and other state and local V2X dedicated short-range communications (DSRC) and C-V2X programs.

As the leading provider of the national SCMS Service for C-V2X and V2X systems, ISS is continuing to build out operational solutions to secure the V2X ecosystem to help assure its secure and reliable operation as a safety-critical system. The ISS DMD Service is essential to ensuring the integrity of the information in the V2X ecosystem because it provides traffic management centers with the ability to monitor, track, and manage security certificates for any device on their networks. The DMD Service not only gives traffic management centers the confidence in the accuracy of the data they are seeing, but it also provides unprecedented visibility to troubleshoot any network issues they may have. Both the ISS CMS and the ISS DMD Service are designed to provide these services on a scalable and efficient international level.

«The promise of the V2X ecosystem is to save lives while reducing accidents and congestion. Ensuring that global V2X, C-V2X and C2X systems are secure and provide reliable data is essential. The ISS Device Management Dashboard Service is a critical component for device and certificate management to ensure all elements in DOT safety-critical networks are secure,» says David Sequino, Co-Founder and President of INTEGRITY Security Services. «We are pleased to offer this service to federal, state, and local DOTs.»

«Neaera works on multiple connected vehicle projects. Having OBU and RSU certificate management visibility in real time fills a critical gap in our solutions to keep our CAV devices and infrastructure up and running,» says Tony English, Owner of Neaera Consulting Group. «Certificate management and visibility of network issues have been a challenge for our state and local DOT clients. The ISS CMS DMD Service is a game-changer allowing us to fill this gap. For the first time, this solution gives us much needed visibility while ensuring the integrity of our connected vehicle networks.»

About INTEGRITY Security Services
INTEGRITY Security Services (ISS) is a wholly owned subsidiary of Green Hills Software, established to provide best practice embedded security products and infrastructure solutions for protecting smart connected devices from cyber security attacks. End-to-end automotive solutions range from secure ECU platforms to large-scale public key management systems to supply chain security solutions. As the leading V2X certificate provider, ISS operates the V2X Root CA and provides its V2X Certificate Management Service (CMS) to both DSRC and C-V2X OBUs and RSUs used in USDOT CV Pilots and other State and Local DOT projects across the United States.  For more information, please visit www.ghsiss.com.

North American Sales Contact:
INTEGRITY Security Services
30 W Sola St
Santa Barbara, CA 93101
Tel: +1-888-951-4477
Website: www.ghsiss.com
Email: info@ghsiss.com

Green Hills, the Green Hills logo, INTEGRITY Security Services, the INTEGRITY Security Services logo and INTEGRITY are trademarks or registered trademarks of Green Hills Software and/or INTEGRITY Security Services in the US and/or internationally. ISS, CMS, the ISS CMS logo, and DLM are trademarks or registered trademarks of INTEGRITY Security Services in the US and/or internationally. All other trademarks (registered or otherwise) are the property of their respective owners.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/integrity-security-services-device-management-dashboard-dmd-service-provides-the-v2x-c2x-ecosystem-with-end-to-end-obu–rsu-visibility-for-better-network-management-301223470.html

SOURCE INTEGRITY Security Services

Oregon’s Tualatin Valley Launches «The Great 2021 Getaway Giveaway,» Awarding More Than A Thousand Future Getaways to the Region

BEAVERTON, Ore., Feb. 8, 2021 /PRNewswire-PRWeb/ — Travelers who are eager to travel in 2021 have a new reason to be excited. Oregon’s Tualatin Valley announces the February 15, 2021, launch of «The Great 2021 Getaway Giveaway,» sponsored by the Washington County Visitors Association (WCVA). This new initiative is designed to stimulate Washington County’s hospitality industry, giving wanderlusters an…

BEAVERTON, Ore., Feb. 8, 2021 /PRNewswire-PRWeb/ — Travelers who are eager to travel in 2021 have a new reason to be excited. Oregon’s Tualatin Valley announces the February 15, 2021, launch of «The Great 2021 Getaway Giveaway,» sponsored by the Washington County Visitors Association (WCVA). This new initiative is designed to stimulate Washington County’s hospitality industry, giving wanderlusters an opportunity to win hotel stays in Oregon’s Tualatin Valley.

«The Great 2021 Getaway Giveway» will give more than a thousand lucky winners complimentary future hotel stays in the region, which is renowned for its acclaimed wineries and breweries, numerous scenic nature trails, celebrated restaurants and tax-free shopping. This tremendous giveaway provides a chance to escape to the picturesque destination, scenically situated between Portland and the Oregon Coast.

«2021 comes with a new appreciation for travelers,» said Carolyn McCormick, president and CEO of the Washington County Visitors Association, the destination marketing organization for the area. «With ‘The Great 2021 Getaway Giveaway,’ we look forward to welcoming visitors back this summer.»

«Vaccine deployment will come with a resurgence in traveler confidence,» said Scott Youngblood, general manager of the Embassy Suites Washington Square. «This campaign will inspire regional explorers to take their first trips back into the Tualatin Valley and eventually draw distant visitors back to our tasting rooms, tap rooms, shopping centers, restaurants, hotels and much more.»

McCormick emphasized, «This new initiative is designed to aid in economic recovery of travel and tourism in Oregon’s Tualatin Valley by purchasing more than $330,000 in products from participating hotels, restaurants, wineries and attractions today. By pre-purchasing all of the prizes for the sweepstakes, the WCVA has leveraged our resources for a much needed monetary impact today and to attract travelers in the near future.»

«The Great 2021 Getaway Giveaway» includes a prize total of 2,021 hotel room nights and sweepstakes entry runs from February 15 through June 15, 2021, and travel and accommodations are valid from June 1, 2021 – December 31, 2021. Participants are encouraged to come back each month to enter. Entrants may also share on social media for additional chances to win.

Monthly Entry Periods:
●    February 15 through March 15
●    March 16 through April 15
●    April 16 through May 15
●    May 16 through June 15

Four (4) Grand Prizes*
●    Round-trip airfare for two
●    Rental car voucher
●    Four-night hotel stay
●    Dinner for two at a local, independent restaurant
●    A special gift to complement the stay

*Grand prize winners may be subject to federal, state and local taxes on the prize.

1,002 First Prizes**
●    Two-night hotel stay
●    Dinner for two at a local, independent restaurant
●    A special gift to complement the stay

**First prize winners will be responsible for travel costs and expenses associated with the acceptance and use of the prize.

No purchase necessary. Open to legal residents of the 50 U.S./D.C. (excluding FL, HI, NY, and these counties in Oregon: Clackamas, Columbia, Multnomah, & Washington) who are 21 years of age or older at the time of entry. Void where prohibited. Complete rules and regulations are available at tualatinvalley.org/rules.

«We couldn’t be more grateful for the innovation and leadership of the WCVA as we struggle through the darkest days of the COVID-19 pandemic,» said Scott Youngblood, general manager of the Embassy Suites Washington Square. «This infusion of resource will help our business, our employees and our valued vendor partners as we deliver uncompromising service and safe accommodations to essential travelers.»

In April 2020, the WCVA issued stimulus grants to Washington County hotels of cash payments of $10,000, for a total of $550,000 awarded in grants. This second stimulus from the WCVA includes area restaurants and attractions.

Participating hotels: Aloft Hillsboro-Beaverton, Century Hotel, Courtyard by Marriott Portland Beaverton, Courtyard by Marriott Portland Hillsboro, Courtyard by Marriott Portland Tigard, Embassy Suites-Hillsboro, Embassy Suites Washington Square, Fairfield Inn & Suites by Marriott Portland West/Beaverton, Hampton Inn & Suites Portland/Hillsboro-Evergreen, Hampton Inn Sherwood Portland, Hilton Garden Inn Portland/Beaverton, Holiday Inn Hillsboro, Holiday Inn Portland South, Homewood Suites by Hilton Hillsboro/Beaverton, McMenamins Grand Lodge, Residence Inn by Marriott Portland Hillsboro/Brookwood, SpringHill Suites by Marriott Portland Hillsboro, Staybridge Suites Hillsboro North, Staybridge Suites Hillsboro – Orenco Station, The Grand Hotel at Bridgeport, The Orenco, TownePlace Suites by Marriott Portland Beaverton (see full list at tualatinvalley.org/partners)

About Tualatin Valley
Nestled between Portland and the Oregon Coast, Tualatin Valley is an ideal Pacific Northwest escape, with activities perfect for safe, social distancing. Home to hiking, cycling, camping, farmers markets, award-winning wineries, breweries, dining and more, Tualatin Valley has no shortage of wonderful memory-making adventures. Additionally, in 2020, the Tualatin Valley welcomed two new area viticultural areas (AVAs), the Laurelwood District and Tualatin Hills, further solidifying the region and its 30 estate wineries as a celebrated viticulture destination.

For high-resolution images of the Tualatin Valley, please visit: : tualatinvalley.org/media-press/photo-gallery.

About Washington County Visitors Association
The Washington County Visitors Association (WCVA) is a non-profit destination marketing organization that serves the region’s tourism industry by actively promoting Oregon’s Washington County/Tualatin Valley as a desired tourism destination to business and leisure travelers, sports and event planners, meeting planners and group tour operators. The WCVA is funded by 2.33 percentage of transient lodging tax (TLT) generated and collected in Washington County. The WCVA markets the destination as «The Tualatin Valley.» For more information about Tualatin Valley, visit tualatinvalley.org.

For more information about the WCVA, visit wcva.org.

Media Contact

Sylke Neal-Finnegan, WCVA, +1 503-644-5555, sylke@wcva.org

Carolyn McCormick, WCVA, 252-305-2203, carolyn@wcva.org

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SOURCE Tualatin Valley