ReneSola Power Announces Closing of $250 Million Registered Direct Offering of ADSs

STAMFORD, Conn., Jan. 28, 2021 /PRNewswire/ — ReneSola Ltd («ReneSola Power» or the «Company») (NYSE: SOL), a leading fully integrated solar project developer, today announced that it has closed its previously announced registered direct offering of 10,000,000 of American Depositary Shares (ADSs), each representing ten (10) ordinary shares, at a purchase price of $25.00 per ADS. 

STAMFORD, Conn., Jan. 28, 2021 /PRNewswire/ — ReneSola Ltd («ReneSola Power» or the «Company») (NYSE: SOL), a leading fully integrated solar project developer, today announced that it has closed its previously announced registered direct offering of 10,000,000 of American Depositary Shares (ADSs), each representing ten (10) ordinary shares, at a purchase price of $25.00 per ADS. 

H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. Roth Capital Partners and Raymond James acted as financial advisors in the offering.

The gross proceeds were $250.0 million before deducting placement agent fees and other offering expenses. The Company intends to use the net proceeds to expand its solar project pipeline (including combined solar/storage initiatives), to fund possible strategic acquisitions, and to meet general working capital needs.

The securities described above were offered pursuant to a «shelf» registration statement (File No. 333-252137) filed with the Securities and Exchange Commission (SEC) on January 15, 2021 and declared effective on January 25, 2021. Such securities may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A prospectus supplement and the accompanying prospectus relating to the offering of the securities were filed with the SEC. Electronic copies of the prospectus supplement and the accompanying prospectus relating to the offering of the securities may be obtained on the SEC’s website at http://www.sec.gov or by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by e-mail: placements@hcwco.com or by telephone: (646) 975-6996.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor there any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

About ReneSola Power

ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly, and can sustain that growth due to improved clarity around government policies. The Company’s strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York.

Forward-Looking Statements

This press release contains statements that constitute »forward-looking» statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Whenever you read a statement that is not simply a statement of historical fact (such as when the Company describes what it «believes,» «plans,» «expects» or «anticipates» will occur, what «will» or «could» happen, and other similar statements), you must remember that the Company’s expectations may not be correct, even though it believes that they are reasonable. Furthermore, the forward-looking statements are mainly related to the intended use of net proceeds from the registered direct offering, the Company’s continuing operations and you may not be able to compare such information with the Company’s past performance or results. The Company does not guarantee that the forward-looking statements will happen as described or that they will happen at all. Further information regarding risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements is included in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s annual report on Form 20-F. The Company undertakes no obligation, beyond that required by law, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made, even though the Company’s situation may change in the future, except as required by law.

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SOURCE ReneSola Ltd.

Manulife Investment Management’s Global Intelligence report anticipates sustainable investing growth; forecasts economic recovery to pick up pace in second half of 2021

TSX/NYSE/PSE: MFC     SEHK: 945

  • Provides extensive analysis of how «macro disruptors» may play an impactful role in the global economy in 2021
  • Offers perspectives in how COVID-19 has affected sustainable investing
  • Takes an in-depth look at fixed income for the year ahead

 

BOSTON and TORONTO, Jan. 28, 2021 /PRNewswire/ – <a target="_blank"…

TSX/NYSE/PSE: MFC     SEHK: 945

  • Provides extensive analysis of how «macro disruptors» may play an impactful role in the global economy in 2021
  • Offers perspectives in how COVID-19 has affected sustainable investing
  • Takes an in-depth look at fixed income for the year ahead

 

BOSTON and TORONTO, Jan. 28, 2021 /PRNewswire/ – Manulife Investment Management released its semiannual Global Intelligence report, a firmwide outlook highlighting notable perspectives from its private and public markets investment teams. Key themes in the report include the projected global economic recovery, importance of forward-looking climate risk analysis in environmental, social, and governance (ESG) investing, fundamental benefits of fixed income, future of real estate investing, and how COVID-19 has driven policymakers in Asia to take major steps toward sustainable investing.

Christopher P. Conkey, CFA, global head of public markets, Manulife Investment Management said, «We start 2021 with much to be optimistic about—from the distribution of vaccines, the stability and liquidity in the global markets, and the worldwide introduction of fiscal stimulus packages. As we look to turn a corner on economic recovery, the latest edition of Global Intelligence provides an overview of the investment landscape and identifies continued and emerging areas for growth.»

Stephen J. Blewitt, global head of private markets, Manulife Investment Management, added, «After a year riddled with economic uncertainty, there are bright spots across a number of private market assets in 2021, as the findings from our real estate team will indicate.»

«As corporate accountability and ESG dominate boardroom conversations across the globe, our latest report showcases a rapidly growing appetite for sustainable investing,» said Paul R. Lorentz, president and CEO, Manulife Investment Management. «We expect to see increasing demand for carbon solutions from investors, and will continue to seek opportunities for ESG investing across both traditional and alternative asset classes.»

Notable asset class themes, shifts, and guidance within Global Intelligence include: 

  • «Global economic outlook: the rise of macro disruptors»—Managing Director, Global Chief Economist and Global Head of Macroeconomic Strategy Frances Donald projects the state of this year’s global economy with four key themes: a year of two halves, a K-shaped recovery, a temporary spike in inflation, and the continued search for yield.
  • «Unlocking sustainable investing opportunities in Asian fixed income»—Deputy CIO, Global Fixed Income, Endre Pedersen, Deputy CIO, Fixed Income, Asia, ex–Japan, Murray Collis, and Asia Head of ESG Eric Nietsch, CFA, dissect how COVID-19 accelerated the growth of sustainable investing in Asia and created compelling opportunities in Asian fixed income.
  • «The future of real estate investing resides in flexibility»—Global Head of Real Estate Investment Michael McNamara explores how real estate stays relevant in a world of changing needs and why it should be considered with flexibility in mind.
  • «The Paris Agreement as a long-term investment framework»—Managing Director and Senior Portfolio Manager Patrick Blais, CFA, and Head of ESG, Canada Margaret Eve Childe take a deep dive into the Paris Agreement and how that provides a suitable framework for investors seeking to align their portfolios with the overarching goal of curbing carbon emissions.
  • «The case for core: fixed-income investing in an era of yield scarcity»—Senior Portfolio Manager, Head of U.S. Core and Core Plus Fixed Income Howard C. Greene, CFA, and Senior Managing Director and Senior Portfolio Manager of Core and Core Plus, and Securitized Asset Jeffrey N. Given, CFA, revisit some of the overlooked reasons for owning bonds in the first place and how they can add value in challenging markets.

For more information and to view the full report, please click here.

About Manulife Investment Management
Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 17 countries and territories. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We’re committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement. 

As of September 30, 2020, Manulife Investment Management had CAD$923 billion (US$692 billion) in assets under management and administration. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.

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SOURCE Manulife Investment Management

QuEST Global launches TCMS test lab in Hyderabad

HYDERABAD, India, Jan. 28, 2021 /PRNewswire/ — QuEST Global, a global product engineering and lifecycle services company, announced today that it has launched a Train Control and Management System (TCMS) lab at its Hyderabad facility. The 5800-sq.ft. lab will facilitate the verification and validation of safety-critical TCMS software for multiple functionalities. This next-generation lab will host test racks for various product families of Bombardier Transportation….

HYDERABAD, India, Jan. 28, 2021 /PRNewswire/ — QuEST Global, a global product engineering and lifecycle services company, announced today that it has launched a Train Control and Management System (TCMS) lab at its Hyderabad facility. The 5800-sq.ft. lab will facilitate the verification and validation of safety-critical TCMS software for multiple functionalities. This next-generation lab will host test racks for various product families of Bombardier Transportation. The lab was inaugurated virtually by Stéphane Navarra, Head of Engineering Technology Office (ETO) Systems, Bombardier Transportation, and Ajit Prabhu, Chairman & CEO, QuEST Global. The lab is part of the strategic partnership signed by both companies in 2019 to strengthen their cooperation and further develop engineering capabilities for the rail industry.

QuEST’s TCMS lab has the capacity to house more than 100 racks and simulations for performing TCMS software testing and hardware-software integration checks. It is qualified to support validation checks submitted as evidence for assessing rail products; and will enable Bombardier Transportation to deliver safer transportation solutions to their customers globally. With the launch of this lab, QuEST also plans to hire over 200 engineers in Hyderabad with expertise across all phases of the software development lifecycle, test automation, and ethernet & internet protocol technology.

Commenting on the new lab, John Saabas, Head of Engineering Technology Office (ETO), Bombardier Transportation, said, «We are pleased about the launch of TCMS lab at QuEST premises in Hyderabad. Bombardier Transportation has always endeavored to deliver excellence and help our customers enable faster and smarter commute through continuous innovation. QuEST is a strategic partner in providing world-class engineering solutions to the rail industry, and I am sure this lab will further enhance our valued collaboration in this area.»

Lauding the capabilities of QuEST, Stéphane Navarra said, «The TCMS lab provides the QuEST team with the infrastructure to manage their deliverables end to end. Bombardier will be developing and housing test racks at this lab for our projects in India and globally.»

Elaborating further on the significance and value the lab will provide, Ajit Prabhu, said, «As a trusted thinking partner to Bombardier Transportation, we are excited to launch the world-class TCMS testing lab in our Hyderabad Centre. We are confident that this will enable us to help Bombardier Transportation serve and create value for its customers. This lab is part of our long-standing strategic engagement with Bombardier Transportation and is a testament to our expertise in providing transformational services and solutions to our customers. We look forward to helping Bombardier Transportation to enhance their competitiveness in the rail domain.»

About QuEST Global

For more than 20 years, QuEST Global has aimed to be a trusted global product engineering and lifecycle services partner to many of the world’s most recognized companies in the Aero Engines, Hi-Tech, Aerospace & Defense, Transportation (Auto and Rail), Power and Industrial, Oil & Gas and Medical Devices industries. With a presence in 13 countries, 56 global delivery centers and 11,250+ personnel, QuEST Global believes that it is at the forefront of the convergence of the mechanical, electronics, software and digital engineering innovations to engineer solutions for a safer, cleaner world. QuEST Global’s deep domain knowledge and digital expertise aim to help its clients accelerate product development and innovation cycles, create alternate revenue streams, enhance consumer experience and make manufacturing processes and operations more efficient.

 

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SOURCE QuEST Global

Bally’s Corporation Announces Commencement of Consent Solicitation Relating to its 6.750% Senior Notes due 2027

PROVIDENCE, R.I., Jan. 28, 2021 /PRNewswire/ — Bally’s Corporation (NYSE: BALY) (the «Company«) today announced the commencement of a solicitation of consents (the «Consent Solicitation«) to amend the indenture governing its 6.750% Senior Notes due 2027 (CUSIP Nos. 90171V AA3, U88818 AA4 and U88818 AB2; ISIN No. US90171VAA35, USU88818AA40 and USU88818AB23) (the «Notes«).

PROVIDENCE, R.I., Jan. 28, 2021 /PRNewswire/ — Bally’s Corporation (NYSE: BALY) (the «Company«) today announced the commencement of a solicitation of consents (the «Consent Solicitation«) to amend the indenture governing its 6.750% Senior Notes due 2027 (CUSIP Nos. 90171V AA3, U88818 AA4 and U88818 AB2; ISIN No. US90171VAA35, USU88818AA40 and USU88818AB23) (the «Notes«).

The Consent Solicitation is being made in accordance with the terms and subject to the conditions set forth in a Consent Solicitation Statement dated January 28, 2021 (the «Consent Solicitation Statement«), to holders of record as of January 27, 2021 (collectively, the «Holders«). The Consent Solicitation will expire at 5:00 p.m., New York City time, on February 3, 2021, unless extended or earlier terminated (the «Expiration Time«).

The proposed amendment (the «Proposed Amendment«) to the indenture governing the Notes (the «Indenture«) would amend the «Incurrence of Indebtedness and Issuance of Subsidiary Preferred Stock» covenant contained in Section 4.09 of the Indenture to increase the fixed dollar prong of the credit facility basket in clause (1) of «Permitted Debt» from «$745.0 million» to «975.0 million.» Except for the Proposed Amendment, all the existing terms of the Notes will remain unchanged.  The adoption of the Proposed Amendment will require the consent of Holders of at least a majority in aggregate principal amount of the Notes outstanding as of the record date (the «Requisite Consents«). As of the record date, $525 million aggregate principal amounts of Notes were outstanding.

Holders who validly deliver and do not validly revoke consents prior to the Expiration Time will receive a consent fee of $10 in cash per $1,000 principal amount of Notes, subject to the receipt of the Requisite Consents. Holders of Notes that do not consent prior to the Expiration Time will not receive the consent fee. The Company reserves the right, in its sole discretion and regardless of whether any of the conditions to the Consent Solicitation have been satisfied, subject to applicable law, at any time (i) to terminate the Consent Solicitation for any reason, (ii) waive in whole or in part any of the conditions to the Consent Solicitation, (iii) amend the terms of the Consent Solicitation for any reason or (iv) modify the form or amount of the consent fee to be paid.

The consent fee will be paid to consenting holders promptly after the Expiration Time, subject to the receipt of the Requisite Consents prior to the Expiration Time, the execution and effectiveness of the supplemental indenture effecting the Proposed Amendment and other customary conditions described in the Consent Solicitation Statement.

The Company has retained Deutsche Bank Securities Inc. to act as Solicitation Agent in connection with the Consent Solicitation. Questions about the Consent Solicitations may be directed to Deutsche Bank Securities Inc. at (855) 287-1922 (toll free) or (212) 250-7527 (collect). Requests for copies of the Consent Solicitation Statement and related documents, and assistance relating to the procedures for delivering consents, may be obtained by contacting D.F. King & Co., Inc., the Information and Tabulation Agent, at (212) 269-5550 (banks and brokers) or (866) 796-7186 (toll free).

This press release is for informational purposes only and is not an offer to purchase or sell securities, a solicitation of an offer to purchase or sell securities or a solicitation of consents, and no recommendation is made as to whether or not Holders of Notes should consent to the adoption of the Proposed Amendment. The Consent Solicitation is not being made to Holders of Notes in any jurisdiction in which the making thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.

About Bally’s Corporation

Bally’s Corporation currently owns and manages 11 casinos across seven states, a horse racetrack and 13 authorized OTB licenses in Colorado. With more than 5,900 employees, the Company’s operations include 13,260 slot machines, 459 game tables and 2,941 hotel rooms. Properties include Twin River Casino Hotel (Lincoln, RI), Tiverton Casino Hotel (Tiverton, RI), Hard Rock Hotel & Casino (Biloxi, MS), Casino Vicksburg (Vicksburg, MS), Dover Downs Hotel & Casino (Dover, DE), Bally’s Atlantic City (Atlantic City, NJ), Eldorado Resort Casino Shreveport (Shreveport, LA), Casino KC (Kansas City, MO), Golden Gates Casino (Black Hawk, CO), Golden Gulch Casino (Black Hawk, CO), Mardi Gras Casino (Black Hawk, CO), and Arapahoe Park racetrack (Aurora, CO). Following the completion of pending acquisitions, which include Tropicana Evansville (Evansville, IN), Jumer’s Casino & Hotel (Rock Island, IL), and MontBleu Resort Casino & Spa (Lake Tahoe, NV), as well as the construction of a land-based casino near the Nittany Mall in State College, PA, Bally’s will own and manage 15 casinos across 11 states. Its shares trade on the New York Stock Exchange under the ticker symbol «BALY.»

Forward Looking Statements

This communication contains «forward-looking» statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements, other than historical facts, including future financial and operating results and the Company’s plans, objectives, expectations and intentions, legal, economic and regulatory conditions and any assumptions underlying any of the foregoing, are forward-looking statements. Forward-looking statements are sometimes identified by words like «may,» «will,» «should,» «potential,» «intend,» «expect,» «endeavor,» «seek,» «anticipate,» «estimate,» «overestimate,» «underestimate,» «believe,» «could,» «project,» «predict,» «continue,» «target» or other similar words or expressions. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) uncertainty surrounding the ongoing COVID-19 pandemic, including uncertainty regarding its extent, duration and impact, the resulting closure of, and restrictions on, the Company’s properties, costs to comply with any mandated health requirements associated with the virus and customer responses as the Company’s facilities continue to operate under various restrictions; (2) the costs, effects and risks involved in the Company’s strategy to expand its business through acquisitions, construction and other transactions, including the Company’s focus on online and interactive gaming; (3) the effects of competition; (4) risks associated with increased leverage from the Company’s recently completed and contemplated acquisitions; and (5) other risk factors as detailed under Part I. Item 1A. «Risk Factors» of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 as filed with the Securities and Exchange Commission («SEC«) on March 13, 2020 and the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2020 as filed with the SEC on November 6, 2020. The foregoing list of important factors is not exclusive.

Any forward-looking statements speak only as of the date of this communication. The Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

Investor Contact

Steve Capp
Executive Vice President and Chief Financial Officer
401-475-8564
InvestorRelations@twinriver.com

Media Contact

Richard Goldman / David Gill
Kekst CNC
646-847-6102 / 917-842-5384
BallysMediaInquiries@kekstcnc.com

 

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SOURCE Bally’s Corporation

BNPL Users Opt-Out of Summer Travel According to Zip

SYDNEY, Jan. 28, 2021 /PRNewswire/ — Since early 2020, a ban on international travel for residing Australians has meant international travel is not an option. Domestic travel has also been hindered by the closure of state borders that have plagued the travel industry since March 2020.

While most locals have adapted to the idea that they won’t be able to leave the country for the foreseeable future, constantly changing border regulations have left many people…

SYDNEY, Jan. 28, 2021 /PRNewswire/ — Since early 2020, a ban on international travel for residing Australians has meant international travel is not an option. Domestic travel has also been hindered by the closure of state borders that have plagued the travel industry since March 2020.

While most locals have adapted to the idea that they won’t be able to leave the country for the foreseeable future, constantly changing border regulations have left many people unsure about booking a trip. Concerns about the risk of COVID-19 and too much uncertainty around the pandemic are the main reasons for a lack of intent to travel.

In a recent research report by Buy Now Pay Later (BNPL) provider Zip, 48% of respondents indicated they would spend less money on travel this summer due to Covid-19. The report, titled «A Very COVID Xmas» showed a total of 64% of respondents stated they would only be staying in their own city, a jump of 12% from a typical year.

Australian’s have also indicated that they’re less likely to travel to attend gatherings this year. Those polled were less likely to attend venues across the board, home gathering or host their own events compared to a year-over-year comparison.

Domestic trips and travel may be bolstered by the use of BNPL services. With the option to pay for a trip at a later date and book accommodation and transportation interest-free, more people can visit loved ones or take a short break to relax.

Survey respondents indicated that they would allocate money not spent on travel towards travel at a later date once restrictions had eased (32%) or put the money away long term (31%). This could indicate a future boom in the travel industry when the country is cleared for international travel once again.

Throughout a challenging year, Australians have postponed their travel plans in favour of staying home. While this will significantly affect the travel industry, some hope that BNPL services such as Zip can offer a lifeline to those who need to travel or find it safe to do so.

This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.

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SOURCE Zip

TEMSA is electrifying the world

ADANA, Turkey, Jan. 28, 2021 /PRNewswire/ — TEMSA, a Sabancı Holding and PPF Group subsidiary, has rolled up its sleeves to carry the banner for electric transportation worldwide. Having shipped its first electric bus export to Sweden in December, TEMSA started to produce Li-Ion battery packs that are used in its electric vehicles in its Adana plant.

<img id="prnejpga2dcleft"…

ADANA, Turkey, Jan. 28, 2021 /PRNewswire/ — TEMSA, a Sabancı Holding and PPF Group subsidiary, has rolled up its sleeves to carry the banner for electric transportation worldwide. Having shipped its first electric bus export to Sweden in December, TEMSA started to produce Li-Ion battery packs that are used in its electric vehicles in its Adana plant.

TEMSA CEO Tolga Kaan Dogancioglu, Industry SBU President of Sabancı Holding and Chairman of the Board of Directors of TEMSA (Left to right)

TEMSA, drawing attention with the significant deliveries it has performed abroad recently, has set out its vision for electric vehicles. TEMSA, made its first delivery of TEMSA powered electric buses to Sweden, cultivates all the technologies that steer the industry, particularly when it comes to electric vehicles, at company’s Adana plant.

«WE PRODUCE THE BATTERY PACKS IN TURKEY«

Noting that TEMSA is one of the world’s few companies that has started to create innovative solutions in the field of new technologies many years ago and engineered multiple models oriented to electric vehicles are ready for mass production today, Cevdet Alemdar, Industry SBU President of Sabancı Holding and Chairman of the Board of Directors of TEMSA, said, «Today, we consider TEMSA as not only an automotive company but an automotive-oriented technology company. Now we are developing and manufacturing the battery packs we use in our electric vehicles, with our own engineers and our own R&D team at TEMSA’s Adana plant. Most recently, we have exported 6 TEMSA powered MD9 electriCITY buses, in which we used the battery packs that we developed and produced in our own battery facility. We are very proud of having implemented such an important project in TEMSA.»

«WE WILL GROW IN THE USA AND EUROPE«

Cevdet Alemdar expressed that TEMSA has focused on sustainability and technology in its growth strategy and said: «We, as TEMSA, delivered our first electric vehicle export to Sweden in the last month. Sweden is indeed the country that has possessed this technology for many years, presented a significant vision for this issue, and, maybe, is the most assuming one in owning this endeavor in the world. For instance, the world’s largest technology companies in the US use our TEMSA-branded buses for the transportation of their employees. We will also see our electric vehicles there in the forthcoming period. TS45 is our popular model in the US. We are in the process of producing the electric model of this vehicle. A prototype is presently being tested in California. We hope that our electric vehicles we have produced in Adana, with their battery packs, hoods, and TEMSA technology, will be on the roads in different regions of the USA, particularly in Silicon Valley.»

Cevdet Alemdar reminded that TEMSA has exported over 12 thousand vehicles to 66 countries worldwide and said, «More than five thousand TEMSA vehicles are on the roads of France. In the USA, one of the most competitive markets in the world, this number is over 1,000, and here we are in the top 5 in our segment. We want to achieve much greater success in the upcoming period in the USA.  We would like to undersign even greater achievements in the USA in the upcoming period. We believe that the North American market will be one of the engines of TEMSA’s growth in the future. In the same way, we are very strong in the UK, Italy, and Germany. Now, we will grow fast in Central and Eastern Europe also through the strength of our partner PPF and Skoda Transportation.»

NEW R&D CENTER: TEMSATECH

Highlighting the fact that TEMSA has invested in R&D and innovation to a large extent for many years, Tolga Kaan Doğancıoğlu, TEMSA CEO, says a platform called TEMSATech has been established within the company to engineer new technologies. Doğancıoğlu states that studies in many different areas like autonomous vehicles, power distribution and vehicle charging unit, and charging stations along with electric vehicles are conducted in TEMSATech and says, «Approximately 30 engineers of us work here and the electric vehicles we have exported to Sweden are a product of TEMSATech as well.»

«HALF OF OUR BUSES WILL BE ELECTRIC BY 2025»

Sharing information and their targets, Tolga Kaan Doğancıoğlu said, «We aim to meet over half of our total bus volume, with electric vehicles by 2025. We allocate around four percent of our turnover to R&D every year. We envision the share of exports in our electric vehicles will reach about 80 percent. When it comes to the short term, we are planning to reach a business volume that is 2-3 times larger than the previous year.»

Logo – https://mma.prnewswire.com/media/1318937/TEMSA_Logo.jpg  
Photo: https://mma.prnewswire.com/media/1428761/TEMSA_Battery.jpg

TEMSA Logo

Broadridge Launches ESG Advisory Services

NEW YORK, Jan. 28, 2021 /PRNewswire/ — To better help companies and investors enhance their Environmental, Social and Governance (ESG) programs, Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, and <a target="_blank"…

NEW YORK, Jan. 28, 2021 /PRNewswire/ — To better help companies and investors enhance their Environmental, Social and Governance (ESG) programs, Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, and Third Economy, a leader in sustainable investment research and advisory services, have launched an ESG Advisory Service. This new service, leveraging proprietary data, will help corporate issuers and asset managers improve sustainability strategies while effectively positioning their ESG programs with stakeholders.

«Companies are making corporate responsibility initiatives part of their business strategy as more retail and institutional investors raise ESG concerns and seek the long-term performance advantages and benefits of ESG-focused businesses,» said Dorothy Flynn, President of Corporate Issuer Solutions at Broadridge. «Investors and other stakeholders are increasingly looking at ESG disclosures as a fundamental expectation, driving the need for additional connectivity between companies, investors and other stakeholders.»

This new ESG Advisory Service combines Broadridge’s data, technology and communications expertise and Third Economy’s proprietary methodology for systematically evaluating sustainable investment efforts of companies, enabling clients to move from strategy through execution to communication by:

  • Benchmarking ESG efforts to peers and industry best practices to identify areas for improvement
  • Aligning ESG capabilities with emerging frameworks and standards, such as Sustainability Accounting Standards Board (SASB), Carbon Disclosure Project (CDP) and the Task Force on Climate-Related Financial Disclosures (TCFD)
  • Creating a roadmap for companies’ ESG journeys, including policy and program development; metrics for measuring performance over time; ESG goals; and corresponding goal results disclosures
  • Enhancing an ESG program through all aspects of shareholder communications, including ESG and Sustainability reports, proxy statements, and annual reports, and delivering them on the channels that investors and other stakeholders prefer and expect
  • Calculating carbon footprints and setting long-term environmental impact reduction goals and help improve ESG ratings
  • Helping asset managers align corporate ESG strategies with product development

Broadridge further assists issuers and asset managers in transforming their investor communications by optimizing print while accelerating digital and paperless adoption – essential components of an ESG strategy. 

About Broadridge

Broadridge Financial Solutions, Inc. (NYSE: BR), a $4.5 billion global Fintech leader, is a leading provider of investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers and corporate issuers. Broadridge’s infrastructure underpins proxy voting services for over 50 percent of public companies and mutual funds globally, and processes on average more than U.S. $10 trillion in fixed income and equity securities trades per day. Broadridge is part of the S&P 500® Index and employs over 12,000 associates in 17 countries.

For more information about Broadridge, please visit www.broadridge.com.

Investors:

W. Edings Thibault

Investor Relations

+ 1 516-472-5129

Edings.thibault@broadridge.com

Media:

Tatjana Kularni

Broadridge Financial Solutions

+1 203-285-0766                   

Tatjana.kulrani@broadridge.com

About Third Economy

Third Economy is a sustainable investment research and consulting firm founded in 2018 by Chad Spitler, a former BlackRock executive. It works with corporations, investors and other segments of the financial industry to analyze how sustainability factors impact financial value. Third Economy helps corporate and institutional investor clients leverage this understanding to enhance and promote their own capabilities, thus building a more sustainable economy. Learn more at thirdeconomy.com.

Media: 

Jason Powers, jason.powers@thirdeconomy.com

Broadridge Logo. (PRNewsFoto/Broadridge Financial Solutions)

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/broadridge-launches-esg-advisory-services-301216996.html

SOURCE Broadridge Financial Solutions, Inc.

Biofriendly’s Green Plus® fuel additive Fuels the Future by Treating 1.7 Billion Gallons in 2020

PASADENA, Calif., Jan. 28, 2021 /PRNewswire/ — Following its success in 2020, Biofriendly Corporation has cemented itself as one of the world’s leaders in reducing carbon emissions. Biofriendly saw the total number of gallons treated by Green Plus surpass 12.5 billion this year.

«As we navigated through a challenging 2020, I am so proud of how Biofriendly persevered at making it easier to go green,» said Noel Carroll, CEO of Biofriendly. «With the current…

PASADENA, Calif., Jan. 28, 2021 /PRNewswire/ — Following its success in 2020, Biofriendly Corporation has cemented itself as one of the world’s leaders in reducing carbon emissions. Biofriendly saw the total number of gallons treated by Green Plus surpass 12.5 billion this year.

«As we navigated through a challenging 2020, I am so proud of how Biofriendly persevered at making it easier to go green,» said Noel Carroll, CEO of Biofriendly. «With the current landscape of issues surrounding climate change, our success with Green Plus is a shining example of how CO2 and other toxic emissions can be reduced right now. We are so excited to continue to show the world that anyone can go green as we work together to create a cleaner planet for our future.»

Biofriendly treated 1.7 billion gallons, or 6.5 billion liters of fuel just this year, and saw a 10% increase in fuel treated with Green Plus. In 2020 alone, Green Plus reduced 1,333,803 tons of CO2. This is 133,380 more tons of CO2 reduced than in 2019, despite dealing with the challenges and hardships of COVID-19.

In addition, Biofriendly saw its well-established media platform Biofriendly Planet’s viewership more than double, as well as their award-winning series The Biofriendly Podcast increase listenership by over 400%.

The company looks to create an even bigger impact in eco-conservation heading into 2021.

About Biofriendly
Biofriendly was founded with the express purpose of solving the world’s air quality problems. To that end, the company introduced Green Plus smog reducer to the market. 20 years later, Green Plus has cleaned over 12.5 billion gallons of fuel and removed enough pollution to take the equivalent of a 200-mile lineup of cars off the road every year. Biofriendly continues its commitment to reducing air pollution worldwide, but has expanded its purpose toward green education, investment and environmental solutions for the future of the planet.

For more information, visit www.biofriendly.com.

For environmental information and green tips, visit Biofriendly’s e-magazine at www.biofriendlyplanet.com and listen to the Biofriendly Podcast on iTunes, Spotify, and YouTube.

Follow Biofriendly Planet on Facebook, Twitter, and Instagram.

Media Contact
Matt Kovacs
Mkovacs@blazepr.com
(310) 395-5050

 

Cision View original content:http://www.prnewswire.com/news-releases/biofriendlys-green-plus-fuel-additive-fuels-the-future-by-treating-1-7-billion-gallons-in-2020–301216986.html

SOURCE Biofriendly

World First: The Sporty, Smart, Stunning Renault KIGER Makes its Debut in India

– Showcases Renault’s focus on disruptive innovation and will radically alter the dynamics in the B-SUV segment

– To be first launched in India, followed by other markets

NEW DELHI, Jan. 28, 2021 /PRNewswire/ —

– Showcases Renault’s focus on disruptive innovation and will radically alter the dynamics in the B-SUV segment

– To be first launched in India, followed by other markets

NEW DELHI, Jan. 28, 2021 /PRNewswire/ —

  • Stunning design: Distinct, athletic design combining urban modernity with agility and muscular bodywork that exudes sturdiness and dynamism
  • Smart Cabin: A smart cabin that combines technology, functionality and roominess, Renault KIGER brings latest tech features to the CMFA+ platform that laid the foundation for the success of TRIBER with segment leading roominess, cabin storage and cargo space
  • Sporty Drive Powered by a New Global Engine: Renault KIGER will come with a brand-new turbo petrol engine, providing both performance and fuel efficiency

After the initial exhilaration created by the reveal of its show car, Groupe Renault globally premiered the eagerly awaited Renault KIGER in India today. A brand-new compact SUV designed and developed for India before making its international debut, Renault KIGER is the latest in the line of revolutionary products to be launched by Renault in India. Just like DUSTER, KWID AND TRIBER, Renault KIGER will also change the dynamics in its segment and promises to be another gamechanger from Renault.

Renault KIGER has already made a striking presence thanks to its Stunning design, which depicts a very strong personality. Renault KIGER has been designed with a host of sporty and muscular elements and stands out as a true SUV. On the inside, Renault KIGER’s Smart cabin combines technology, functionality and roominess. Renault KIGER will be powered by a new turbocharged 1.0L petrol engine for more performance and driving pleasure. The engine has been tested for reliability and durability, and offers the latest technological innovations already featured on Renault’s global range. This high performance, modern and efficient engine will ensure a Sporty drive and will be complemented by multi-sense drive modes which offer the flexibility to best suit the customers driving preferences.

«After DUSTER, KWID and TRIBER, we are now preparing for the launch of Renault KIGER, a modern SUV that is a perfect fit for the Indian market. KIGER combines the best Renault has to offer: our expertise in innovative cars with the creativity and in-depth knowledge of customer needs. A strong proof that Renault really is a game-changer,» shared Fabrice Cambolive, SVP, Renault Brand, Sales & Operations.

«True to the promise of the show-car, Renault KIGER is a robust, dynamic and generous SUV. Armed for travel in the urban jungle, we also designed it for the outdoors and to easily navigate any type of road conditions. KIGER has a distinctive SUV look and its long wheelbase enables great space and volume on board. Its ‘smart cabin’ has been specially designed to encourage sharing and convenience,» added Laurens van den Acker, EVP, Head of Design, Groupe Renault.

Renault KIGER will demonstrate the competence of India’s design, engineering and manufacturing capabilities and highlights Renault’s strong commitment to the ‘Make in India‘ mission. In India, Groupe Renault has always focused to be disruptive and innovative which is amply proven with its product range. Renault will further build on this with the launch of the all-new Renault KIGER. 

Commenting on Renault KIGER and the importance of the India market, Venkatram Mamillapalle, Country CEO & Managing Director, Renault India Operations, shared, «Renault has continued to move forward in India and has navigated the challenging macro-economic environment, bettering the industry trends. We have managed this by our robust business strategy which includes our exciting product range, laser-sharp focus on quality and customer centricity and our aggressive network ramp up across the country. Today, we take another major step in India with the global reveal of Renault KIGER, our all-new B-SUV which will stand out as an excitingly sporty, super smart and attractively stunning offering. Following DUSTER, which made SUVs accessible to a large set of people, not just in India but across the world, Renault KIGER will once again make SUV aspirations accessible to a whole new set of customers and we look forward to building on our increasing customer base with this new game-changer.»

Renault KIGER: Stunning Design

With its distinct, athletic design that is bursting with energy, the KIGER SUV combines urban modernity with agility, whichever road it takes. With its muscular bodywork that exudes sturdiness and dynamism, the KIGER is a real invitation to escape the urban jungle and experience a new kind of driving.

Sturdy on the road

The KIGER’S design was inspired by the KIGER show-car that was unveiled at the end of 2020. A sculpted bonnet that enhances the car’s personality sits at the front, above an impressive bumper. The wings boost the design with their pronounced shoulder lines, while the black sills and wheel arches provide further protection. The high ground clearance (205 mm) and functional roof bars heighten the vehicle’s silhouette and complete its bold SUV look.

Wheels built for adventure

At higher trim levels, the KIGER’S 40.64 cm alloy wheels have a black diamond-cut finish for a sporty and stylish look. The protective wheel arch cladding makes the bodywork look bolder and sturdier. The 2,500 mm long wheelbase places the wheels at the four corners of the vehicle, offering increased stability on any type of road while optimising the space inside the car, providing optimum comfort for each passenger and boot volume of 405 Litres that is unrivalled in the segment.

Strong and agile, athletic curves

The top of the KIGER boasts a dynamic silhouette with sleek and taut lines, in contrast with the more muscular and solid lower part. The slender windscreen extends into a floating roof that runs down to a steep-sloping rear window, giving the car a coupé-style SUV look. The aerodynamic spoiler with cut-outs featured on the roof drop is topped by a shark fin antenna to give the car a very distinctive look.

Sporty design expression

Renault designers have equipped the KIGER with several features to give the car a sporty look. The front grille’s 3D graphic finish with honeycomb-shaped chromed effects is a perfect example, while the Aluminium Finish skid plate further enhances the rear bumper.

The boot door’s sloping and sporty rear window, finished off with the integrated spoiler, once again highlights KIGER’S aerodynamic silhouette.

Modern and striking front end

The upper strip formed by the front grille and the LED daytime running lights positioned at both ends give the car an elevated stance. The highly recognisable lower part divides the bumper into two areas, each large corner featuring three LED headlights separately encased in a chrome octagonal unit with PURE VISION and a chrome reflector. This coherent and overlapping split-design contrasts with the bodywork and gives a strong identity with modernity and sophistication.

Rear lighting signature

All-new LED taillights light up the rear of the car. The tail lamp units with glossy black inserts are resolutely modern and distinctive within the segment, outlining the KIGER’S rear double C-shaped lighting signature. They are featured at each end of the bodywork and extend out over the wings, providing KIGER a distinct unique personality.

Two-tone body colour

The KIGER comes in six exciting body colours: Ice Cool White, Planet Grey, Moonlight Grey, Mahogany Brown, Caspian Blue, Radiant Red with Mystery Black Roof. All trim-levels include a two-tone option. Providing an opportunity to customers to choose from the wide range of single or dual tone colour options, Radiant Red which is an exclusive colour will only be available as a top variant under two-tone colour scheme.

Renault KIGER: Smart Cabin

A compact yet surprisingly spacious vehicle

KIGER interiors are called the smart cabin as it combines technology, functionality and roominess. KIGER is just under four metres long and falls into the compact SUV category, yet thanks to the CMFA+ platform DNA, just like TRIBER it offers segment leading roominess, cabin storage and cargo space. The interior has been designed to perfectly combine the sturdiness of an SUV with a focus on sophistication and technology.  With a high centre console, 20.32 cm floating display link and wireless smart phone replication, KIGER interiors have been specially designed to encourage sharing and convenience.

Attractive style

The chiselled curves that play with light and shade give the impression of a floating cockpit, accentuated by piano-style control dials, suspended air conditioning controls and a pedestal that is easily accessible from the centre console. The console features a 20.32 cm floating touch screen, giving the passenger compartment a modern look, and so does a 17.78 cm Multi-Skin Reconfigurable TFT colour cluster.

Unprecedented comfort and roominess

The KIGER provides record levels of roominess with space onboard that one can feel. At the front, the KIGER offers a 710-mm Couple Distance between seats – the best in its segment. At the rear, KIGER provides best in segment second row legroom (222 mm) and elbow room (1431 mm). The seat height provides a commanding driving position accentuating driving comfort.

Optimum Boot capacity

The Kiger sets a very high standard when it comes to load capacity, offering the best boot capacity in the segment (405 litres which extends to 879 litres with second row folded).

Optimised storage space

The KIGER provides passengers with a whole host of clever storage compartments for a total onboard capacity of 29L including four 1L water bottle holders and 2 cup holders – an outstanding figure in the segment. The central armrest hides a 7.5 litre storage space while the glove compartment has an unprecedented volume of 10.5 litres. Smart solutions like these allow multi-level access organised with the needs of passengers in mind.

Smart and practical passenger compartment

The KIGER’S smart cockpit was designed to give a practical onboard experience without detracting from the style. Its new technology makes every day driving easy and enjoyable.

Modern and smart central console

The KIGER’S high, wide centre console is focused around a large 20.32 cm floating touch screen that features wireless smart phone replication for Apple CarPlay and Android Auto at higher trims. Wireless smart phone replication allows passengers to connect their smartphones seamlessly and access the special driving and multimedia apps. Passengers can select five permanent shortcuts for faster access to apps and features. The system not only offers voice recognition through Apple CarPlay and Android Auto, but also Bluetooth connectivity that can pair with up to five devices, a USB socket for faster charging and a built-in MP4 video player.

MULTI-SENSE driving experience and ambiance lighting

At higher trim levels, the driver has access to MULTI-SENSE settings to select different driving modes. Engine mapping, gear changes (for automatic transmissions), the responsive steering column and the digital speedometer are reset when changing driving modes, for an optimum driving experience.

  • Multi-Skin 17.78 cm Reconfigurable TFT cluster changes its colour and widget configuration according to the mode selected, displaying useful information relevant to selected driving mode:
  • Normal mode: Provides an optimum driving parameter of the engine apt for city driving conditions. It also provides handy information like real-time & average fuel consumption all in a blue colour look.
  • Eco mode: Provides a drive which is inclined towards economic driving practices. Changing the overall appearance of the TFT into green, the indicators, like an animated leaf provides real time feedback to maximize economic driving.
  • Sports Mode: Provides a driving environment which is full of fun and sportiness, with crisper engine response and faster shifting. The overall TFT screen appearance turns into red with quick information of acceleration gauge, torque / power ratios etc providing drivers to have all the fun.

Premium sound system

The KIGER boasts a brand new, well-tuned quality sound system: The Auditorium 3D Sound system by Arkamys, with a technology that diffuses 3D sound tailor-made to suit the materials and shape of the passenger compartment. All in all, there are eight onboard speakers (four boomers, four tweeters). The system also automatically adjusts sound volume according to the speed of the vehicle at higher trim levels. The system can be activated and adjusted on demand to ensure the best sound quality whatever the route.

Hands-free smart access card

With the modern hands-free card for everyday convenience, doors can be opened and closed automatically, and the engine started without a key. The sensors in the card allow drivers to lock and unlock the doors without having to take the card out of their pocket or press a button. They can also start the vehicle without having to insert the card. The hands-free system also includes a door auto-lock function when drivers walk away from the vehicle. This feature is a real time-saver and incredibly convenient.

Easier manoeuvring

The KIGER uses technology to ensure safety with radar sensors and a reverse camera with guiding lines. The driver can enjoy greater visibility and precision when reversing or manoeuvring for parking. The turning radius is 5.02 metres.

Additional all-new exclusive features

The KIGER boasts a variety of unique features, including automatic air-conditioning, which can still be adjusted manually via the air-conditioning control.

Another new feature available at higher trim levels is the white ambient lighting in the passenger compartment. It lights up the storage compartment at the front of the centre console and the back of the front door grip handles.

Cockpit features back-lit steering wheel controls. These have a whole host of settings such as access to the onboard computer menu, speaker volume, phone and radio features and voice recognition. KIGER will also feature a first in segment PM2.5 Clean Air Filter. This advanced atmospheric filter fitted in to the ventilation system ensures good air quality inside the vehicle.

Renault KIGER: Sporty Drive

Platform and Engines

The KIGER features a new turbocharged petrol engine for more versatility and driving pleasure. The modular platform, designed by the Renault-Nissan Alliance and already featured on the TRIBER, provides the right balance between performance and efficiency.

A platform full of advantages

The KIGER shares the same modular platform as the TRIBER, meaning that it offers key advantages unparalleled in the market:

  • Roomier passenger compartment
  • Optimisation of engine compartment size
  • Best in Segment Cabin Storage space. Best in segment Cargo Space
  • Best in segment Rear elbow width – 3 passengers accommodated comfortably
  • Best in Segment turning Radius
  • Best in Segment dashboard visibility from rear seat
  • Comfort and driving pleasure
  • Best in segment fuel efficiency
  • Higher Ground Clearance

The KIGER’S platform and new engine guarantee response and versatility for the best possible driving experience.

Powerful engine and driving pleasure

The KIGER is fitted with a three-cylinder turbocharged 1.0-litre petrol engine, with a power output of 100 Ps and a torque of 160 Nm (available from 3,200 rpm). The engine has been tested for reliability and longevity, and offers the latest technological innovations already featured on the Clio and the Captur in Europe. It boasts the best fuel economy of its category with 20 km/litre consumption.

The 1.0-litre 100 Ps turbocharged engine is paired with a five-speed manual gearbox. An X-TRONIC automatic continuously variable transmission will be available shortly after the KIGER’S commercial launch. This latest-generation CVT gearbox designed by the Alliance provides smooth and responsive transitions enhancing drivability and comfort in urban areas, along with excellent fuel efficiency.

The ENERGY 1.0-litre 72 Ps and 96 Nm naturally aspirated engine is also available in the KIGER range, with either a five-speed manual or the EASY-R five-speed robotised gearbox AMT, which provides the comfort of clutchless driving at affordable pricing. It features a manual mode that allows the driver to drive either in fully automatic or sequential mode. It ensures efficient engine starting, safe car-overtaking manoeuvres and the best possible driving pleasure, with an outstanding power-to-weight ratio and best in segment torque-to-weight ratio in the compact SUV segment.

Onboard safety

On board, the two front seats and the two rear side seats are fitted with three-point seatbelts, while the rear middle passenger seat features a two-point seatbelt.

The two front airbags for the driver and front-seat passenger along with the two side airbags round out the safety suite.

Both front seats get seat belt reminder alert for enhanced safety.

Technical Specifications

 

Length

3,991 mm

Width

1,750 mm (without mirrors)

Height

1,600 mm (with Roof Bars)

Wheelbase

2,500 mm

Kerb Weight

1,012 kg

Engine Type

3-cylinder 1.0 L turbocharged petrol engine  

ENERGY 3-cylinder 1.0 L petrol engine

Displacement (cc)

999 cc

999 cc

Power

100 Ps

72 Ps

Torque

160 Nm @ 3,200 rpm

96 Nm @ 3500 RPM

Gearbox

5 Speed Manual Transmission

5 Speed X-TRONIC CVT

5 Speed Manual Transmission

5 Speed EASY-R AMT

Configuration

3 cylinders

Tyre size

195/60 R16

Front suspension

McPherson strut with lower triangle & coil spring, anti-roll bar & traverse arm

Rear suspension

Torsion beam axle

Boot volume

405 L

Ground Clearance

205 mm

Fuel tank volume

40 L

About Renault:

Renault India Pvt. Ltd. is a fully owned subsidiary of Renault S.A.S. France. Renault India cars are manufactured in the manufacturing facility located in Oragadam, Chennai, with a capacity of 480,000 units per annum. Renault India also has a widespread presence of more than 500 sales and 475+ service touchpoints, which include 200+ Workshop On Wheels locations across the country, with benchmark sales and service quality.

Renault India’s product line up and services have seen strong recognition among customers and industry experts alike, winning more than 60 titles, making Renault India one of the most awarded automotive brands in a single year in India. The Renault KWID has already bagged 32 awards, including 10 ‘Car of the Year’ Awards.

Photo: https://mma.prnewswire.com/media/1428745/Renault_India_KIGER.jpg

 

World First: The Sporty, Smart, Stunning Renault KIGER Makes its Debut in India

– Showcases Renault’s focus on disruptive innovation and will radically alter the dynamics in the B-SUV segment

– To be first launched in India, followed by other markets

NEW DELHI, Jan. 28, 2021 /PRNewswire/ —

– Showcases Renault’s focus on disruptive innovation and will radically alter the dynamics in the B-SUV segment

– To be first launched in India, followed by other markets

NEW DELHI, Jan. 28, 2021 /PRNewswire/ —

  • Stunning design: Distinct, athletic design combining urban modernity with agility and muscular bodywork that exudes sturdiness and dynamism
  • Smart Cabin: A smart cabin that combines technology, functionality and roominess, Renault KIGER brings latest tech features to the CMFA+ platform that laid the foundation for the success of TRIBER with segment leading roominess, cabin storage and cargo space
  • Sporty Drive Powered by a New Global Engine: Renault KIGER will come with a brand-new turbo petrol engine, providing both performance and fuel efficiency

After the initial exhilaration created by the reveal of its show car, Groupe Renault globally premiered the eagerly awaited Renault KIGER in India today. A brand-new compact SUV designed and developed for India before making its international debut, Renault KIGER is the latest in the line of revolutionary products to be launched by Renault in India. Just like DUSTER, KWID AND TRIBER, Renault KIGER will also change the dynamics in its segment and promises to be another gamechanger from Renault.

Renault KIGER has already made a striking presence thanks to its Stunning design, which depicts a very strong personality. Renault KIGER has been designed with a host of sporty and muscular elements and stands out as a true SUV. On the inside, Renault KIGER’s Smart cabin combines technology, functionality and roominess. Renault KIGER will be powered by a new turbocharged 1.0L petrol engine for more performance and driving pleasure. The engine has been tested for reliability and durability, and offers the latest technological innovations already featured on Renault’s global range. This high performance, modern and efficient engine will ensure a Sporty drive and will be complemented by multi-sense drive modes which offer the flexibility to best suit the customers driving preferences.

«After DUSTER, KWID and TRIBER, we are now preparing for the launch of Renault KIGER, a modern SUV that is a perfect fit for the Indian market. KIGER combines the best Renault has to offer: our expertise in innovative cars with the creativity and in-depth knowledge of customer needs. A strong proof that Renault really is a game-changer,» shared Fabrice Cambolive, SVP, Renault Brand, Sales & Operations.

«True to the promise of the show-car, Renault KIGER is a robust, dynamic and generous SUV. Armed for travel in the urban jungle, we also designed it for the outdoors and to easily navigate any type of road conditions. KIGER has a distinctive SUV look and its long wheelbase enables great space and volume on board. Its ‘smart cabin’ has been specially designed to encourage sharing and convenience,» added Laurens van den Acker, EVP, Head of Design, Groupe Renault.

Renault KIGER will demonstrate the competence of India’s design, engineering and manufacturing capabilities and highlights Renault’s strong commitment to the ‘Make in India‘ mission. In India, Groupe Renault has always focused to be disruptive and innovative which is amply proven with its product range. Renault will further build on this with the launch of the all-new Renault KIGER. 

Commenting on Renault KIGER and the importance of the India market, Venkatram Mamillapalle, Country CEO & Managing Director, Renault India Operations, shared, «Renault has continued to move forward in India and has navigated the challenging macro-economic environment, bettering the industry trends. We have managed this by our robust business strategy which includes our exciting product range, laser-sharp focus on quality and customer centricity and our aggressive network ramp up across the country. Today, we take another major step in India with the global reveal of Renault KIGER, our all-new B-SUV which will stand out as an excitingly sporty, super smart and attractively stunning offering. Following DUSTER, which made SUVs accessible to a large set of people, not just in India but across the world, Renault KIGER will once again make SUV aspirations accessible to a whole new set of customers and we look forward to building on our increasing customer base with this new game-changer.»

Renault KIGER: Stunning Design

With its distinct, athletic design that is bursting with energy, the KIGER SUV combines urban modernity with agility, whichever road it takes. With its muscular bodywork that exudes sturdiness and dynamism, the KIGER is a real invitation to escape the urban jungle and experience a new kind of driving.

Sturdy on the road

The KIGER’S design was inspired by the KIGER show-car that was unveiled at the end of 2020. A sculpted bonnet that enhances the car’s personality sits at the front, above an impressive bumper. The wings boost the design with their pronounced shoulder lines, while the black sills and wheel arches provide further protection. The high ground clearance (205 mm) and functional roof bars heighten the vehicle’s silhouette and complete its bold SUV look.

Wheels built for adventure

At higher trim levels, the KIGER’S 40.64 cm alloy wheels have a black diamond-cut finish for a sporty and stylish look. The protective wheel arch cladding makes the bodywork look bolder and sturdier. The 2,500 mm long wheelbase places the wheels at the four corners of the vehicle, offering increased stability on any type of road while optimising the space inside the car, providing optimum comfort for each passenger and boot volume of 405 Litres that is unrivalled in the segment.

Strong and agile, athletic curves

The top of the KIGER boasts a dynamic silhouette with sleek and taut lines, in contrast with the more muscular and solid lower part. The slender windscreen extends into a floating roof that runs down to a steep-sloping rear window, giving the car a coupé-style SUV look. The aerodynamic spoiler with cut-outs featured on the roof drop is topped by a shark fin antenna to give the car a very distinctive look.

Sporty design expression

Renault designers have equipped the KIGER with several features to give the car a sporty look. The front grille’s 3D graphic finish with honeycomb-shaped chromed effects is a perfect example, while the Aluminium Finish skid plate further enhances the rear bumper.

The boot door’s sloping and sporty rear window, finished off with the integrated spoiler, once again highlights KIGER’S aerodynamic silhouette.

Modern and striking front end

The upper strip formed by the front grille and the LED daytime running lights positioned at both ends give the car an elevated stance. The highly recognisable lower part divides the bumper into two areas, each large corner featuring three LED headlights separately encased in a chrome octagonal unit with PURE VISION and a chrome reflector. This coherent and overlapping split-design contrasts with the bodywork and gives a strong identity with modernity and sophistication.

Rear lighting signature

All-new LED taillights light up the rear of the car. The tail lamp units with glossy black inserts are resolutely modern and distinctive within the segment, outlining the KIGER’S rear double C-shaped lighting signature. They are featured at each end of the bodywork and extend out over the wings, providing KIGER a distinct unique personality.

Two-tone body colour

The KIGER comes in six exciting body colours: Ice Cool White, Planet Grey, Moonlight Grey, Mahogany Brown, Caspian Blue, Radiant Red with Mystery Black Roof. All trim-levels include a two-tone option. Providing an opportunity to customers to choose from the wide range of single or dual tone colour options, Radiant Red which is an exclusive colour will only be available as a top variant under two-tone colour scheme.

Renault KIGER: Smart Cabin

A compact yet surprisingly spacious vehicle

KIGER interiors are called the smart cabin as it combines technology, functionality and roominess. KIGER is just under four metres long and falls into the compact SUV category, yet thanks to the CMFA+ platform DNA, just like TRIBER it offers segment leading roominess, cabin storage and cargo space. The interior has been designed to perfectly combine the sturdiness of an SUV with a focus on sophistication and technology.  With a high centre console, 20.32 cm floating display link and wireless smart phone replication, KIGER interiors have been specially designed to encourage sharing and convenience.

Attractive style

The chiselled curves that play with light and shade give the impression of a floating cockpit, accentuated by piano-style control dials, suspended air conditioning controls and a pedestal that is easily accessible from the centre console. The console features a 20.32 cm floating touch screen, giving the passenger compartment a modern look, and so does a 17.78 cm Multi-Skin Reconfigurable TFT colour cluster.

Unprecedented comfort and roominess

The KIGER provides record levels of roominess with space onboard that one can feel. At the front, the KIGER offers a 710-mm Couple Distance between seats – the best in its segment. At the rear, KIGER provides best in segment second row legroom (222 mm) and elbow room (1431 mm). The seat height provides a commanding driving position accentuating driving comfort.

Optimum Boot capacity

The Kiger sets a very high standard when it comes to load capacity, offering the best boot capacity in the segment (405 litres which extends to 879 litres with second row folded).

Optimised storage space

The KIGER provides passengers with a whole host of clever storage compartments for a total onboard capacity of 29L including four 1L water bottle holders and 2 cup holders – an outstanding figure in the segment. The central armrest hides a 7.5 litre storage space while the glove compartment has an unprecedented volume of 10.5 litres. Smart solutions like these allow multi-level access organised with the needs of passengers in mind.

Smart and practical passenger compartment

The KIGER’S smart cockpit was designed to give a practical onboard experience without detracting from the style. Its new technology makes every day driving easy and enjoyable.

Modern and smart central console

The KIGER’S high, wide centre console is focused around a large 20.32 cm floating touch screen that features wireless smart phone replication for Apple CarPlay and Android Auto at higher trims. Wireless smart phone replication allows passengers to connect their smartphones seamlessly and access the special driving and multimedia apps. Passengers can select five permanent shortcuts for faster access to apps and features. The system not only offers voice recognition through Apple CarPlay and Android Auto, but also Bluetooth connectivity that can pair with up to five devices, a USB socket for faster charging and a built-in MP4 video player.

MULTI-SENSE driving experience and ambiance lighting

At higher trim levels, the driver has access to MULTI-SENSE settings to select different driving modes. Engine mapping, gear changes (for automatic transmissions), the responsive steering column and the digital speedometer are reset when changing driving modes, for an optimum driving experience.

  • Multi-Skin 17.78 cm Reconfigurable TFT cluster changes its colour and widget configuration according to the mode selected, displaying useful information relevant to selected driving mode:
  • Normal mode: Provides an optimum driving parameter of the engine apt for city driving conditions. It also provides handy information like real-time & average fuel consumption all in a blue colour look.
  • Eco mode: Provides a drive which is inclined towards economic driving practices. Changing the overall appearance of the TFT into green, the indicators, like an animated leaf provides real time feedback to maximize economic driving.
  • Sports Mode: Provides a driving environment which is full of fun and sportiness, with crisper engine response and faster shifting. The overall TFT screen appearance turns into red with quick information of acceleration gauge, torque / power ratios etc providing drivers to have all the fun.

Premium sound system

The KIGER boasts a brand new, well-tuned quality sound system: The Auditorium 3D Sound system by Arkamys, with a technology that diffuses 3D sound tailor-made to suit the materials and shape of the passenger compartment. All in all, there are eight onboard speakers (four boomers, four tweeters). The system also automatically adjusts sound volume according to the speed of the vehicle at higher trim levels. The system can be activated and adjusted on demand to ensure the best sound quality whatever the route.

Hands-free smart access card

With the modern hands-free card for everyday convenience, doors can be opened and closed automatically, and the engine started without a key. The sensors in the card allow drivers to lock and unlock the doors without having to take the card out of their pocket or press a button. They can also start the vehicle without having to insert the card. The hands-free system also includes a door auto-lock function when drivers walk away from the vehicle. This feature is a real time-saver and incredibly convenient.

Easier manoeuvring

The KIGER uses technology to ensure safety with radar sensors and a reverse camera with guiding lines. The driver can enjoy greater visibility and precision when reversing or manoeuvring for parking. The turning radius is 5.02 metres.

Additional all-new exclusive features

The KIGER boasts a variety of unique features, including automatic air-conditioning, which can still be adjusted manually via the air-conditioning control.

Another new feature available at higher trim levels is the white ambient lighting in the passenger compartment. It lights up the storage compartment at the front of the centre console and the back of the front door grip handles.

Cockpit features back-lit steering wheel controls. These have a whole host of settings such as access to the onboard computer menu, speaker volume, phone and radio features and voice recognition. KIGER will also feature a first in segment PM2.5 Clean Air Filter. This advanced atmospheric filter fitted in to the ventilation system ensures good air quality inside the vehicle.

Renault KIGER: Sporty Drive

Platform and Engines

The KIGER features a new turbocharged petrol engine for more versatility and driving pleasure. The modular platform, designed by the Renault-Nissan Alliance and already featured on the TRIBER, provides the right balance between performance and efficiency.

A platform full of advantages

The KIGER shares the same modular platform as the TRIBER, meaning that it offers key advantages unparalleled in the market:

  • Roomier passenger compartment
  • Optimisation of engine compartment size
  • Best in Segment Cabin Storage space. Best in segment Cargo Space
  • Best in segment Rear elbow width – 3 passengers accommodated comfortably
  • Best in Segment turning Radius
  • Best in Segment dashboard visibility from rear seat
  • Comfort and driving pleasure
  • Best in segment fuel efficiency
  • Higher Ground Clearance

The KIGER’S platform and new engine guarantee response and versatility for the best possible driving experience.

Powerful engine and driving pleasure

The KIGER is fitted with a three-cylinder turbocharged 1.0-litre petrol engine, with a power output of 100 Ps and a torque of 160 Nm (available from 3,200 rpm). The engine has been tested for reliability and longevity, and offers the latest technological innovations already featured on the Clio and the Captur in Europe. It boasts the best fuel economy of its category with 20 km/litre consumption.

The 1.0-litre 100 Ps turbocharged engine is paired with a five-speed manual gearbox. An X-TRONIC automatic continuously variable transmission will be available shortly after the KIGER’S commercial launch. This latest-generation CVT gearbox designed by the Alliance provides smooth and responsive transitions enhancing drivability and comfort in urban areas, along with excellent fuel efficiency.

The ENERGY 1.0-litre 72 Ps and 96 Nm naturally aspirated engine is also available in the KIGER range, with either a five-speed manual or the EASY-R five-speed robotised gearbox AMT, which provides the comfort of clutchless driving at affordable pricing. It features a manual mode that allows the driver to drive either in fully automatic or sequential mode. It ensures efficient engine starting, safe car-overtaking manoeuvres and the best possible driving pleasure, with an outstanding power-to-weight ratio and best in segment torque-to-weight ratio in the compact SUV segment.

Onboard safety

On board, the two front seats and the two rear side seats are fitted with three-point seatbelts, while the rear middle passenger seat features a two-point seatbelt.

The two front airbags for the driver and front-seat passenger along with the two side airbags round out the safety suite.

Both front seats get seat belt reminder alert for enhanced safety.

Technical Specifications

 

Length

3,991 mm

Width

1,750 mm (without mirrors)

Height

1,600 mm (with Roof Bars)

Wheelbase

2,500 mm

Kerb Weight

1,012 kg

Engine Type

3-cylinder 1.0 L turbocharged petrol engine  

ENERGY 3-cylinder 1.0 L petrol engine

Displacement (cc)

999 cc

999 cc

Power

100 Ps

72 Ps

Torque

160 Nm @ 3,200 rpm

96 Nm @ 3500 RPM

Gearbox

5 Speed Manual Transmission

5 Speed X-TRONIC CVT

5 Speed Manual Transmission

5 Speed EASY-R AMT

Configuration

3 cylinders

Tyre size

195/60 R16

Front suspension

McPherson strut with lower triangle & coil spring, anti-roll bar & traverse arm

Rear suspension

Torsion beam axle

Boot volume

405 L

Ground Clearance

205 mm

Fuel tank volume

40 L

About Renault:

Renault India Pvt. Ltd. is a fully owned subsidiary of Renault S.A.S. France. Renault India cars are manufactured in the manufacturing facility located in Oragadam, Chennai, with a capacity of 480,000 units per annum. Renault India also has a widespread presence of more than 500 sales and 475+ service touchpoints, which include 200+ Workshop On Wheels locations across the country, with benchmark sales and service quality.

Renault India’s product line up and services have seen strong recognition among customers and industry experts alike, winning more than 60 titles, making Renault India one of the most awarded automotive brands in a single year in India. The Renault KWID has already bagged 32 awards, including 10 ‘Car of the Year’ Awards.

Photo: https://mma.prnewswire.com/media/1428745/Renault_India_KIGER.jpg