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Travelers Are Checking In To Spontaneous Trips In 2021

DALLAS, Jan. 11, 2021 /PRNewswire/ — Spontaneity will be the word of the year for 2021 travelers as a new global study reveals 89% of U.S. travelers intend to be more impulsive than ever, following 2020’s cancelled trips, boredom and all round ‘year of nothing’. The new report from Hotels.com^®, ‘The 2021 Upgrade’, has uncovered how this new lust for spontaneity will have a ripple effect on the hotel and travel industries, as travelers say ‘yes’ to more.

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Take me away…and quick! The global study showed that 32% are dubbing 2020 the ‘lost year’ for travel prompting more than a third (35%) to be more likely to drop everything to vacay if they can in 2021. Hotels.com’s booking data supports this, with almost half of bookings in June 2020 (when lockdown rules eased for the first time for many) being made three or fewer days from the time of search.

It’s all about being spontaneous AF these days with over a quarter revealing they would say yes to more last-minute trips (28%). All rules are out the window with one in five (26%) saying they would take off on a long-haul trip for just a few days or make no plans for the trip in favor of being spontaneous when they arrive (25%). A further 17% are ready to live their best luxury #HotelLife and will be booking a five-star hotel for their 2021 getaways.

Experts at Hotels.com also predict this extravagant attitude will have a dramatic impact on hotel booking behavior, with 2021 being the year to really ‘treat yo self’. Compared to pre-pandemic times over a quarter (26%) would now book a better hotel room, and nearly a quarter would spontaneously say yes to a room upgrade if offered when booking (24%).

«2020 was the year of staying home, postponing trips and posting old vacation pictures on social media. This year, travelers are ready to ‘seize the stay’ when travel returns and they feel comfortable to take the trips they missed out on» shared Josh Belkin, Vice President, Global brand Hotels.com. «We saw that when travel restrictions eased for many in July and August 2020, over half of bookings were made three days or less ahead of their stay, compared to 40% in 2019. People are ready to channel their inner spontaneous self, dropping everything at the last minute to get away and enjoy the best that hotel life has to offer.»

Dear hotel, we miss you

Travelers are ready to get in that robe and raid the mini bar again with a quarter of people saying the thing they miss most about traveling is being able to stay in an awesome hotel. They have been craving that sweet #HotelLife, missing relaxing in a plush robe (13%), the peace and quiet (30%) breakfast buffets (23%), hotel restaurants and bars (29%), rooms with a view (26%), ordering room service (18%), visiting the hotel pool (20%), treating themselves to the hotel spa (17%) and of course the incredible hotel bed (18%).

This craving means travelers will take a different approach to hotel bookings in 2021 – it will be all about upgrading the experience. When asked what new experiences they would say ‘yes’ to, around one in five (20%) would splurge on a spa treatment, uber-luxe hotel restaurant (20%), or a fancy cocktail in the hotel’s bar (24%).

Travelers will also be finding ways to ‘seize the stay’ as much as they can, with nearly one in five stating they would spontaneously book a fancy hotel for a staycation for the weekend (24%) or take advantage of a mid-week deal in their local trendy hotel (23%).

The rise in spontaneous travel

To plan or not to plan? Travelers want to be carefree and relaxed by making spontaneous decisions (32%), not having to plan and just doing what they wanted (28%) and saying ‘yes’ to new experiences (24%). Time to turn on the ‘out of office’ and switch off for that vacation.

The research also revealed the lengths that many will go to for a vacation and a hotel stay in 2021, with travelers admitting do all the cleaning in their house (29%), give up sweets (24%), not leave their house (23%), social media apps (17%) and even sex (16%) for a month. 2020, you have pushed us to our limits!

Same day travel driven by need to be spontaneous

Travel-hungry hotel-lovers are ready to commit to spontaneity, with 29% claiming they’d be ready to drop it all and leave the same day if given the opportunity.

With spontaneity comes packing pressure. Most would go nowhere without their digital lifelines, with over half (55%) prioritising their phone, laptop and charger – beating out a change of clothes (46%), a swimsuit (29%) and sleepwear (30%).

Hotels.com is one of the most rewarding ways to book a place to stay and we even have a ‘Reward Winning’ loyalty program that includes free cancellations should your travel plans change. Check out our Hotels.com Rewards* program and see for yourself how to bag a reward night.

Notes to Editors

¹Research was conducted by One Poll in December 2020. 1,000 respondents across the United States.
²Statistics from Hotels.com booking data pulled on 10^thDecember 2020

About Hotels.com^® (or Hotels.com™)
Hotels.com is the most rewarding way to book a place to stay. We really love travel and we know you do too. That’s why we make it really easy to book with us. With hundreds of thousands of places to stay around the world and 90 local websites in 41 languages, Hotels.com has it all. So, whether you’re looking for value in Vegas, treehouses in Thailand or villas with views, it’s all just a click away. And with our «Reward-winning» loyalty program you earn free* nights while you sleep…what could be better? Booking just got smarter too. With over 25 million real guest reviews and an app so easy to use that it’s been downloaded 70 million times, you can be sure to find the perfect place for you.
*Exclusions apply. Reward night worth average price of previous 10. Taxes/fees payable on each Reward Night redeemed. A $5 fee is charged on each Reward Night redeemed, unless redeemed on the app. See T&Cs.
https://www.hotels.com/customer_care/terms_conditions.html?pos=HCOM_US&locale=en_US
© 2020Hotels.com, LP. All rights reserved. Hotels.com and the Hotels.com logo are trademarks of Hotels.com, LP. All other trademarks are property of their respective owners. CST #2083949-50

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SOURCE Hotels.com

Luokung Announces EMG Awarded Exclusive 2020 Golden Globe Award for its «HD Map» Functionality

BEIJING, Jan. 11, 2021 /PRNewswire/ — Luokung Technology Corp. (NASDAQ: LKCO) («Luokung» or the «Company»), a leading interactive location-based services and big data processing technology company in China, today announced that the Company’s previously announced acquisition candidate, eMapgo Technologies (Beijing) Co., Ltd. («EMG») was recently the sole recipient of the «2020 Golden Globe Award for HD Map» at the 4^th Annual GGAI Conference held in Shanghai, China in December 2020. EMG, Continental, Bosch and other well-known automotive technology service providers won 2020 Intelligent Driving Golden Globe Awards.

The GGAI Conference serves as a symposium for intelligent vehicle developers and manufacturers, focused on industry trends within automation, intelligent cockpit, autonomous driving, and other innovations in the automotive industry. EMG’s CEO, Darwin Lu, was invited to provide the keynote speech to discuss trends and innovation in the sector.

EMG was recognized for its unique mapping capabilities and robust database has covering mainland China, Hong Kong and Macao with over 9-million-kilometer road networks and 80 million POIs.

As previously announced, Luokung has engaged in a share purchase agreement to acquire 100% of EMG and announced that the two parties are currently in the process of closing the transaction.

Darwin Lu, CEO of EMG noted, «Over the past several years we have focused on developing an HD Map product with the capability of meeting the evolving infrastructure of the automobile industry in China and its surrounding regions. As further developments occur through the form of smart highway, IOV, and autonomous driving, we are able to provide rapid perception and early warning of traffic dangers, effective circulation of traffic information, intelligent road maintenance, as well as digital rescue in critical situations. We are pleased to have received this honor among several well-recognized peers, and were the only mapping technology company to receive this across a wide group of international competitors.»

Mr. Lu concluded, «With the further development of autonomous driving, both EMG and Luokung are solely dedicated to leveraging our combined spatial-temporal and HD Map capabilities to improve our value proposition to manufacturers and consumers. EMG has become an important partner of Microsoft’s MCVP (Microsoft Connected Vehicle Platform) platform, and is recognized as a major participant and a technology leader in the construction of smart highways across China and Vehicle-to-everything (V2X) technology. We believe that these infrastructure changes represent the predecessor to the adoption of autonomous driving throughout China and feel that we are positioned well.»

The GGAI Annual Conference is the largest annual industry, technology, and market exchange and interaction event in China’s automotive intelligent network industry chain. The event was held from December 15-17, 2020 in Shanghai, China. Conference participants included auto manufacturers, Tier 1 suppliers, and other industrial product and technical service providers in fields of smart cockpit, Internet of Vehicles, and autonomous driving. To evaluate the Golden Globe Award candidates, a list of eligible companies is included in each category, weighted on indicators including pre-installation production and future new technology innovation. A comprehensive evaluation is then based on the pre-installation production data monthly tracked by the Gaogong Intelligent Automobile Research Institute. Category winners are voted by industry practitioners, users and OEMs in two rounds. The final award indicators include pre-installation market mass production data/project pre-research and SOP (weighted as 70%), as well as customer reputation and market awareness (weighted as 30%).

About Luokung Technology Corp.

Luokung Technology Corp. is one of the global leading spatial-temporal big-data processing technology companies and a leading interactive location-based services company in China. It provides integrated DaaS, SaaS, and PaaS services for Internet and Internet of Things of Spatial-Temporal big data based on its patented technology. Based on geographic information systems and intelligent Spatial-Temporal big data, it establishes city-level and industry-level digital twin holographic data models to actively serve smart cities, intelligent transportation, smart industry, LBS. http://www.luokung.com

Business Risks and Forward-Looking Statements

This news release contains forward-looking statements within the meaning of 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. These forward-looking statements can be identified by terminology such as «will», «expects», «anticipates», «future», «intends», «plans», «believes», «estimates», «target», «going forward», «outlook» and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

CONTACT:

The Company:
Mr. Jay Yu
Chief Financial Officer
Tel: +86-10-5327-4727
Email: ir@luokung.com

INVESTOR RELATIONS
PureRock Communications Limited
Email: luokung@pure-rock.com

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SOURCE Luokung Technology Corp.

Aptiv Leverages Unique Brain and Nervous System Portfolio to Optimize Vehicle Architecture with New Zone Controllers

DUBLIN, Jan. 11, 2021 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, today announced zone controllers that distribute high-speed data and power between sensors and peripherals, while separating input / output (I/O) from compute in the vehicle.

<a href="https://mma.prnewswire.com/media/651892/Aptiv_Logo.html" target="_blank"…

As part of Smart Vehicle Architecture, Aptiv’s approach to enabling the software-defined vehicle, the zone controllers allow OEMs to break apart the vehicle’s physical complexity into more manageable zones and further drive up-integration of distributed ECUs, reducing the weight and lowering total system costs in the vehicle.

«Thanks to our unique position with both the brain and the nervous system of the vehicle, Aptiv is perfectly positioned to help our customers optimize the performance and cost of their vehicles,» said Kevin Clark, president and CEO. «Aptiv’s powerful zone controllers sit at the intersection of these capabilities, helping them reduce complexity, weight and cost, while putting customers one step closer to the software-defined, electric vehicles of the future.»

As a high-speed data and power hub, Aptiv zone controllers simplify complexity by separating I/O from compute, while supporting standardized interfaces and enabling «plug and play» devices. For example, instead of connecting directly to a dedicated ECU, devices connect to an Aptiv zone controller, which then connects to a domain controller over a single common interface. This reduces complexity and improves scalability by allowing domain controllers to focus on higher-level software while maintaining a separate development cycle from the I/O. It also simplifies wiring harnesses to allow more automated assembly and reduces costs.

Aptiv’s deep expertise in advanced vehicle software and hardware architecture, including the insights from over a decade of automated driving experience, informed the development of Aptiv’s zone controllers. This has resulted in several key benefits for next-generation vehicles:

Reduced Complexity: Breaking apart the physical complexity of the vehicle simplifies manufacturing while enabling automation to ensure quality and lower cost, while up-integration of distributed ECUs provides compute functionality inside the zones that can be used for feature consolidation.
Intelligent Power Management: The zone controllers manage power distribution throughout a vehicle centrally. In the past, wires needed to allow enough tolerance for peak load without having a melting fuse blow. With the benefits of smart fusing, wires can be specified to the physical limit of the load over a specified period of time. This also allows Aptiv’s zone controllers to be flexibly located, which simplifies packaging and reduces cost.
Predictive Maintenance: Aptiv’s software can detect when wires attached to the zone controller are close to failing and pass that information back to predictive maintenance systems, helping drivers and fleet operators address potential problems before they affect vehicle operation.

To learn more about Aptiv’s zone controllers and download the whitepaper please visit www.Aptiv.com/zonecontrollers.

About Aptiv
Aptiv is a global technology company that develops safer, greener and more connected solutions enabling the future of mobility. Visit aptiv.com.

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SOURCE Aptiv PLC

Aptiv Introduces Next-Gen ADAS Platform for Highly Automated and Electrified Vehicles

DUBLIN, Jan. 11, 2021 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, today announced its next-generation Level 1-3 capable ADAS platform.

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DUBLIN, Jan. 11, 2021 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, today announced its next-generation Level 1-3 capable ADAS platform.

Aptiv has been leading the development of advanced driver-assistance systems (ADAS) for more than 20 years, from launching the industry’s first radar-based Adaptive Cruise Control system in 1999 to its autonomous driving joint venture, Motional, which will be among the first to put fully driverless vehicles on public roads.

Aptiv’s unique full-stack capabilities are helping customers realize their technology roadmaps and democratize advanced safety systems faster and at a lower cost. Its award-winning first-generation automated driving satellite compute platform has been a game-changer in the industry, leveraging the integration of its Satellite Architecture and active safety software, perception systems and compute. Aptiv’s Satellite Architecture is being deployed by multiple OEMs around the world on more than 10 million vehicles over the next few years.

Building on this trusted foundation, Aptiv’s next-gen ADAS platform will enable new levels of safety, comfort and convenience. Purpose-built for scalability, it cost-effectively spans all vehicle segments by managing the software complexity and supporting features that range from entry-level safety compliance to advanced highway pilot and parking assist. Aptiv’s ADAS platform has the ability to incorporate future technologies and features, including those developed in collaboration with Motional, providing further scalability to higher levels of automation.

«Our next-gen ADAS solution cost-effectively delivers safety features over the lifetime of the vehicle that exceed consumer expectations on a platform upon which OEMs can continue to innovate,» said Kevin Clark, CEO and president. «Our unique position as the only provider of both the brain and the nervous system of the vehicle makes Aptiv the partner of choice for developing software-defined safety solutions that can be democratized as they mature.»

As part of Smart Vehicle Architecture™, Aptiv’s next-gen ADAS platform is fully compatible with emerging zone control architectures, enabling new business models for OEMs through the creation of new features and services that can be updated over-the-air (OTA).

Aptiv’s next-gen ADAS platform also applies an Industry 5.0 approach to safety, ensuring that the driver and the vehicle work together flawlessly. Using the latest generation of up-integrated driver-state sensing and interior sensing solutions – augmented by scalable software – Aptiv’s platform not only verifies if the driver’s eyes are on the road, it also recognizes and responds to body positioning, gestures and eye movement to provide a higher level of safety.

The next-gen ADAS platform continues the acceleration of software-defined vehicles through Aptiv’s scalable full-stack features and offerings, including:

Proven Software Stack: Utilizes differentiated and modularized software at every level of the stack on an open, centralized compute platform that allows for the creation of new features and services.
Next-Generation Sensor Suite: The next-gen platform utilizes the industry’s best-in-class interior and exterior sensing capabilities including radars, vision, and LiDAR. Among these sensors is Aptiv’s sixth-generation corner/side radars and forward-facing radars, as well as Aptiv’s first 4D imaging radar, which provides twice the detection range versus what is available on the market today. Aptiv’s Interior Sensing Platform includes radars, ultrasonic sensing, and cabin cameras, enabling OEMs to develop brand-building user experience.
Advanced Sensor Fusion: Supporting the most advanced features requires a comprehensive and reliable environmental model. The platform’s differentiation comes from Aptiv’s advanced AI and machine learning algorithms to fuse 360-degree sensor inputs, providing a detailed rendering of the environment around the vehicle.
Development Tool Chain: Gives OEMs the flexibility to drive further innovation on top of Aptiv’s proven solutions to accelerate the development of safe, green and connected features consumers want with the proven automotive-grade systems they can trust.

A whitepaper on Aptiv’s next-gen ADAS platform and additional information can be found at www.Aptiv.com/adasplatform.

About Aptiv
Aptiv is a global technology company that develops safer, greener and more connected solutions enabling the future of mobility. Visit www.Aptiv.com.

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SOURCE Aptiv PLC

Automotive Sensor Cleaning System Market is anticipated to expand at a CAGR of 10.5% over the forecast period of 2020 to 2030 – Persistence Market Research

NEW YORK, Jan. 11, 2021 /PRNewswire/ — Amidst a growing competitive environment in the automotive industry, car makers are focusing on reducing accidents caused due to impaired sensor perceptions. Automotive sensors dysfunction when dirt, rain drops, snow, or bird droppings shield their view. Liquid-based sensor cleaning systems or gas-based cleaning systems are used in such applications, which help wipe the surface of the sensors and restore their working. Such cleaning systems are finding increased…

The global automotive sensor cleaning system market is anticipated to expand at a CAGR of 10.5% over the forecast period of 2020-2030.

Key Takeaways from Automotive Sensor Cleaning System Market Study

The liquid based sensor cleaning segment accounts for a prominent share in the global automotive sensor cleaning system market, and is expected to dominate the market over the forecast period too.
Use of cleaning systems in passenger cars is the most attractive vehicle application with the highest share, followed by usage in commercial vehicles. Different cars such as compact cars, mid-sized cars, luxury cars, and SUVs too use sensor cleaning systems.
East Asia dominates the global automotive sensor cleaning system market, and this regional market is expected to grow at the highest rate. Europe holds a significant share in the rapid development of the global automotive sensor cleaning system market.
The market is primarily influenced by different developments in liquid- as well as gas-based cleaning systems. Various OEMs are investing in the research & development of cleaning systems and patenting their technologies to be able to cater to varied sensor applications.
Maintaining optimal balance of cost and quality is one of the prime challenges for players operating in the automotive sensor cleaning system market.
The COVID-19 crisis has adversely affected the auto industry, the effect of which has cascaded to the automotive sensor cleaning system market as well.

Get the Sample PDF of the Report: https://www.persistencemarketresearch.com/samples/31946

«Shift toward autonomy and intelligent sensor systems has led to developments in sensor cleaning systems, which has paved the way for future mobility. One of their prime features is ensuring vehicle as well as people safety,» says a Persistence Market Research analyst.

Also get the Customized report: https://www.persistencemarketresearch.com/request-customization/31946

Market Landscape Continues to Remain Fairly Consolidated

The global automotive sensor cleaning system market is fairly consolidated at global and regional levels. Tier-1 manufacturers account for more than half of the market share. Some of the leading players included in the report are Valeo SA, Continental AG, Roechling Automotive, Ficosa International SA, and dlhBowles. To gain a competitive advantage in the market, market participants are involved in partnerships, product innovations, and acquisition activities with regards to high market growth.

Get Full Access of the Report: https://www.persistencemarketresearch.com/checkout/31946

Want to Know More?

The research report on the automotive sensor cleaning system market published by Persistence Market Research analyzes market demand trends of the product on a value and volume basis. The report contains global industry analysis of 2015–2019 and opportunity assessment for 2020–2030. The report provides in-depth analysis of the automotive sensor cleaning system market through different segments – system type, sales channel, vehicle type, and region. The automotive sensor cleaning system market report also provides supply and demand trends, pricing trends, cost structure, and market presence of leading manufacturers, along with an overview of the parent market.

Browse Research Release at: https://www.persistencemarketresearch.com/market-research/automotive-sensor-cleaning-system-market.asp

Browse End-to-end Market: Automotive

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To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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SOURCE Persistence Market Research Pvt. Ltd.

Crocs, Inc. Guides Accelerated 2021 Revenue Growth of 20% to 25%

BROOMFIELD, Colo., Jan. 11, 2021 /PRNewswire/ — Crocs, Inc. (NASDAQ: CROX), a world leader in innovative casual footwear for women, men, and children, today raised its 2020 revenue guidance and expects accelerated full year 2021 revenue growth of 20% to 25%.

«Amidst a global pandemic in 2020, we will deliver the strongest revenue in Crocs’ history,» said Andrew Rees, Chief Executive Officer. «Our brand momentum is exceptional, and we anticipate another record year in 2021. We remain focused on continuing to deliver sustainable, profitable growth for years to come.»

Revenue Outlook

We expect:

Fourth quarter 2020 revenue to increase approximately 55% to be between $407 and $410 million. This is up from the previous guidance range of 20% to 30% growth
Full year 2020 revenue to grow over 12%, up from recent guidance of approximately 5% to 7% growth
Record revenue between $1,381 and $1,384 million for 2020
Accelerated full year 2021 revenue growth of 20% to 25% compared to 2020

ICR 2021 Conference

We will present at the ICR 2021 Conference today at 9:30 am ET. A live broadcast of our presentation may be accessed on the Investor Relations section of the Crocs website, investors.crocs.com, and will remain available until April 11, 2021.

About Crocs, Inc.:

Crocs, Inc. (Nasdaq: CROX) is a world leader in innovative casual footwear for women, men, and children, combining comfort and style with a value that consumers know and love. The vast majority of shoes within Crocs’ collection contains Croslite™ material, a proprietary, molded footwear technology, delivering extraordinary comfort with each step.

In 2021, Crocs declares that expressing yourself and being comfortable are not mutually exclusive. To learn more about Crocs or our global Come As You Are™ campaign, please visit www.crocs.com or follow @Crocs on Facebook, Instagram and Twitter.

Forward Looking Statements:

This press release includes estimates, projections, and statements relating to our business plans, objectives, and expected operating results that are «forward-looking statements» within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements regarding our revenue expectations and profit outlook. These statements involve known and unknown risks, uncertainties, and other factors, which may cause our actual results, performance, or achievements to be materially different from any future results, performances, or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, the following: the COVID-19 pandemic and related government, private sector, and individual consumer responsive actions; current global financial conditions, including economic impacts resulting from the COVID-19 pandemic; the effect of competition in our industry; our ability to effectively manage our future growth or declines in revenues; changing consumer preferences; our ability to maintain and expand revenues and gross margin; our ability to accurately forecast consumer demand for our products; our ability to successfully implement our strategic plans; our ability to develop and sell new products; our ability to obtain and protect intellectual property rights; the effect of potential adverse currency exchange rate fluctuations and other international operating risks; and other factors described in our most recent Annual Report on Form 10-K under the heading «Risk Factors» and our subsequent filings with the Securities and Exchange Commission. Readers are encouraged to review that section and all other disclosures appearing in our filings with the Securities and Exchange Commission.

All information in this document speak only as of the date of this press release. We do not undertake any obligation to update publicly any forward-looking statements.

Category:Investors

Investor Contact:
Cori Lin, Crocs, Inc.
(303) 848-5053
clin@crocs.com

PR Contact:
Melissa Layton, Crocs, Inc.
(303) 848-7885
mlayton@crocs.com

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SOURCE Crocs, Inc.

Schneider Electric Creates Connected, Protected & Sustainable Homes in Partnership with Builders Across the Country

BOSTON, Jan. 11, 2021 /PRNewswire/ — Schneider Electric, the leader in the digital transformation of energy management and automation, today showcased its Wiser range of smart home products marking a significant step forward for the building industry to offer connected, protected and sustainable homes at the 2021 Consumer Electronics Show (CES). Schneider Electric is partnering with builders across the country to meet the demands of new sustainability regulations, safety issues and increased home energy usage.

It’s more critical than ever to cut down on emissions as homes are expected to become the single largest consumer of electricity, surpassing industry as the largest contributor of carbon dioxide emissions by 2050. This is exacerbated by the fact that home energy usage is up an average of 20% since the pandemic began. With this is mind, Schneider Electric is empowering homeowners and builders to make homes not only be smart, but connected and sustainable as well, all through the Wiser Energy system.

As a national leader in connected and smart home technology, Schneider Electric is already in four out of 10 homes in the U.S., keeping them safe from potential electrical hazards. Now, Schneider Electric is also giving homeowners a new, deeper level of insight that allows them to take control of their homes, their carbon footprint and their energy bills.

Schneider Electric Empowers Home Builders Across the U.S.

Across the United States, Schneider Electric is working with home builders, offering them solutions that focus on the four key areas that enable them to build top-of-the-line homes: providing best in class safety and protection, creating an enhanced lifestyle with connectivity, incorporating AI and machine learning, and embracing modern aesthetics and modular designs.

«We recognize the impact residential energy use is having on the environment and the need for new technology to help consumers increase their energy efficiency and reduce their energy costs,» said Richard Korthauer, Vice President, Home & Distribution, Schneider Electric. «We are working with industry-leading builders to incorporate new solutions into their designs to create sustainable homes of the future that allow residents to view, manage and track their home’s power using a single device. By seamlessly integrating this technology into their home, homeowners have greater peace of mind and energy savings, without sacrificing comfort.»

These solutions include:

Square D Energy Center – A more resilient, efficient, and aesthetic all-in-one home energy system solution designed for smart homes offering homeowners personalized digital control over their residential energy.
Wiser Home Energy Monitor – A connected solution integrated into the home’s electrical panel providing real-time information to optimize home energy usage and track savings.
Square D Wiring Devices – High-performing, multi-tasking, connected light switches, dimmers, outlets and combination devices that can control room lighting, provide energy monitoring, and send alerts by phone or voice activation via Alexa or Google Assistant.

Providence Homes & Schneider Electric Create Resilient, Sustainable Homes

Sustainable, durable and healthy homes begin with construction. Schneider Electric and Providence Homes, the leading builder of energy efficient homes in Northeast Florida, are working together to create energy efficient residential ecosystems and empower home buyers to better control their energy costs.

Providence Homes is dedicated to going beyond energy efficiency and building long-lasting, sustainable homes. In working with Schneider Electric, the builder has been able to create homes that are not only sustainable, resilient, hyper-efficient and people-centric, but most of all transparent and optimized for long-term energy efficiency.

«We take great pride in building 100% ENERGY STAR^® Certified homes that can keep up with the energetic families that live inside them, while offering a cleaner, healthier environment for all. When showing our homes, we are excited to share how our homes outperform traditional code-built homes in all aspects of design and performance,» said Charles Roberts, Vice President of Operations. «By incorporating the Wiser Home Energy Monitor, our homebuyers can easily see the cost-savings in action and the value speaks for itself.»

Providence Homes is integrating Schneider Electric’s Wiser Energy Monitor into more than 250 homes, giving those homeowners 24/7 real-time access to energy usage, track savings and set energy goals to optimize their home energy.

«Providence Homes has embraced our smart home solutions to differentiate themselves from a technological and insight standpoint, while reinforcing their commitment to home energy efficiency,» said Bradford Wills, Director: Strategic Customers & Programs, Home & Distribution, Schneider Electric. «We see our relationship with Providence Homes as a blueprint for builders across the country in how to embrace digital transformation and create homes that meet the demands of consumers today and in the future.»

Schneider Electric’s Home & Distribution team will be speaking at the 2021 CES Conference, discussing the evolution of the sustainable home, how builders are tackling the biggest challenges facing homeowners, and how the homes of the future are being built today.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive, and Empowered values.

Hashtags: #CES2021 #LifeisOn

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SOURCE Schneider Electric

Ambient Weather Releases New Features To The Fastest Growing Interactive Online Weather Community

BOOTHWYN, PA, Jan. 11, 2021 /PRNewswire/ –at CES 2021 Ambient Weather®, a Nielsen-Kellerman® brand, debuts the release of new features on AmbientWeather.net – the fastest growing interactive online weather community. Ambient Weather has been a market leader in weather stations, environmental monitoring instruments, and intuitive web-based dashboards for viewing and sharing weather data for over two decades. Ambient Weather believes weather is personal, and we are dedicated to building a…

Once you connect your personal weather station to AmbientWeather.net, you become a free contributing member to one of the most interactive social weather platforms. Join the conversation with seamless streaming of real-time weather conditions from your station, hyper-local weather forecasts, and an active community of weather professionals and enthusiasts who together, create a rich network of weather data.

A Connected Weather Experience

The personal weather dashboard at AmbientWeather.net is the most versatile and intuitive in the industry. Posting data online from your own station is free and requires only a quick connection of your station console to your Wi-Fi network. Connect with other nearby stations, or track distant weather at your favorite ski area, marina, beach, or work location. View charts and graphs of historical data or information like temperature, humidity, rainfall, ultraviolet radiation, and more, directly from your device. And, once connected, you can interact with your personal station data on Alexa, Google Home, and IFTTT.

Making Weather Personal

Ambientweather.net is much more than just a web-based weather dashboard. We take our extensive weather station network and place them into a mapping platform combining meaningful weather information with a robust community. View up-to-the-minute conditions and even live weather images from nearby stations such as your recreational or work location. Like, share and comment on forecasts in your area or create your own hyper-local forecasts. No matter If you follow the weather to plan for work, time with family, travel, or outdoor activities having real-time hyper-local weather reporting helps you stay more connected to what matters most.

To learn more about our online community and experience these features firsthand, please visit https://ambientweather.net/

About Nielsen-Kellerman
Nielsen-Kellerman (NK) is the parent company for a family of measuring and monitoring technology brands focused on providing the accurate performance and weather data needed for safety, business success, research and defense, as well as athletic and recreational activities. NK specializes in building products that perform in the most challenging outdoor environments, from the water to the desert. NK’s largest division is the weather division, encompassing Kestrel® Weather and Environmental Meters, Ambient Weather® Stations and internet dashboards, and RainWise® Professional Grade Weather Stations and Rain Gauges. NK also designs and builds NK Sports Performance electronics for rowing and paddling, Kestrel® Ballistics Meters and MagnetoSpeed(R) Shooting Accessories for long-range shooting, and Blue Ocean Rugged Megaphones for outdoor use. NK makes the majority of its products in the USA and is proud to be both a recognized leader in Lean Manufacturing and an award-winning top workplace. For more information, visit www.nkhome.com.

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SOURCE Ambient Weather

Pandemic Year Brought Incredible Surge in ‘Million-Dollar Cities’

SEATTLE, Jan. 11, 2021 /PRNewswire/ — Although the typical value of a home in the United States is about $263,000, the number of «million-dollar cities» spiked sharply last year, according to a new Zillow analysis. There are 45 more U.S. cities¹ with a typical home value of at least $1 million than there were a year ago — the largest increase in at least a decade.

There are now 312 million-dollar cities, up 104 from five years ago. Nearly half of those 104 crossed that threshold in 2020, a reflection of the flaming hot market last year that saw home values appreciating near 7.5% annually in November as demographic trends and pandemic effects brought surging demand through most of 2020. This follows a year in which home prices appreciated at the lowest rate since 2013 and a net of two cities fell below the $1 million threshold.

Million-dollar cities are fairly congregated geographically, with 70 percent concentrated within nine coastal metro areas. Among those, 61 are in the San Francisco metro area, 51 are clustered around New York City and 39 are in the Los Angeles area. The metro areas of San Jose (20 cities), Boston (11), Miami–Fort Lauderdale (11), Seattle (9) and Washington, D.C., (8) also have multiple cities where the typical home price exceeds $1 million.

«In 2020 home values soared nationwide because of incredible demand across all price tiers, which we expect to continue well into 2021,» says Zillow senior economist Chris Glynn. «Despite the label, there are homes available in these communities for less than $1 million, but buyers must be realistic about their wish list and act quickly in the current market, especially since homes are selling in a matter of days in many places. For sellers, it is possible to capitalize on the recent growth in these markets and relocate to far less-expensive markets – particularly with an increase in remote work offering flexibility in the job market.»

Atherton, Calif., near San Francisco, has the highest typical home value in the country at about $6.6 million. Hunts Point, Wash., near Seattle, is No. 2, with typical values around $6 million. Sagaponack, New York, and Jupiter Island, Fla. (Port St. Lucie metro area), follow with typical values over $5 million. There are six additional cities with typical home values over $4 million, 21 more with values over $3 million, and another 38 with values over $2 million.

Historically, the list of million-dollar cities is dominated by areas that offer natural amenities like proximity to the ocean and mountains, and many of the cities that joined the list this year fit that mold. Some newcomers include Potomac, Maryland; Longport, Long Beach Township, and Allenhurst in New Jersey; and Westhampton and the Town of Shelter Island in New York. Calistoga and Yountville in California’s Napa Valley also crossed the $1 million threshold in 2020, as well as Incline Village, Nevada, in the Lake Tahoe area.

«An increased demand in places like Potomac and other more expensive areas around the county is happening because of the pandemic-driven need for more indoor and outdoor space, home offices, pools and more,» said Samer Kuraishi, a Best of Zillow Premier Agent and President of The ONE Street Company, a boutique real estate firm in Washington, D.C. «We’re seeing more buyers from afar using technology to tour homes and buy ‘sight unseen.’ The sellers who have a great media package, including a floor plan with dimensions, virtual staging and 3D imaging, have the edge in such a competitive market.»

If current rates of appreciation hold, two additional Coastal California cities could join the $1 million club in the coming months — El Cerrito and Cayucos.

Metros with the Most $1 Million Cities (November 2020)
Metro	Number of $1 Million Cities
San Francisco, Calif.	61
New York, N.Y.	51
Los Angeles, Calif.	39
San Jose, Calif.	20
Boston, Mass.	11
Miami, Fla.	11
Seattle, Wash.	9
Washington-Arlington-Alexandria	8
Santa Rosa, Calif.	7
Santa Maria-Santa Barbara, Calif.	6
Salinas, Calif.	5
San Diego, Calif.	5

Growth of $1 Million Cities
Year	Number of Net New $1 Million Cities
2016	8
2017	27
2018	26
2019	-2
2020	45

About Zillow

Zillow Group, Inc. (NASDAQ: Z and ZG) is reimagining real estate to make it easier to unlock life’s next chapter.

As the most-visited real estate website in the U.S., Zillow® and its affiliates offer customers an on-demand experience for selling, buying, renting or financing with transparency and nearly seamless end-to-end service. Zillow Offers® buys and sells homes directly in dozens of markets across the country, allowing sellers control over their timeline. Zillow Home Loans™, our affiliate lender, provides our customers with an easy option to get pre-approved and secure financing for their next home purchase. Zillow recently launched Zillow Homes, Inc., a licensed brokerage entity, to streamline Zillow Offers transactions.

Zillow Group’s affiliates and subsidiaries include Zillow®, Zillow Offers®, Zillow Premier Agent®, Zillow Home Loans™, Zillow Closing Services™, Zillow Homes, Inc., Trulia®, Out East®, StreetEasy® and HotPads®. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org).

¹ As of November 2020

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SOURCE Zillow

Penumbra Announces Preliminary Unaudited Revenue for the Fourth Quarter and Full Year 2020

ALAMEDA, Calif., Jan. 11, 2021 /PRNewswire/ — Penumbra, Inc. (the «Company») (NYSE: PEN), a global healthcare company focused on innovative therapies, today announced certain unaudited preliminary revenue results for the fourth quarter and full year 2020 ahead of its participation at the 39^th Annual J.P. Morgan Healthcare Conference on January 11-14, 2021.

…

Q4 Revenue Highlights

Preliminary fourth quarter 2020 revenue is expected to be in the range of $162.5 million to $167.9 million, which represents growth of approximately 12% to 16% compared to the fourth quarter of 2019.
Excluding the impact of the voluntary recall, Penumbra expects fourth quarter 2020 revenue on a non-GAAP basis¹ in the range of $172.5 million to $172.9 million, which represents growth of approximately 19% compared to the fourth quarter of 2019.

Preliminary Results
The Company expects fourth quarter 2020 total revenue in the range of $162.5 million to $167.9 million, which represents growth of approximately 12% to 16% compared to the fourth quarter of 2019. This includes an expected impact in the range of $5 million to $10 million from the December 15, 2020 voluntary recall of the Penumbra JET 7 Reperfusion Catheter with Xtra Flex technology («JET 7 Xtra Flex»). The Company expects full year 2020 revenue in the range of $556.0 million to $561.4 million, which represents growth of approximately 2% to 3% compared to full year 2019.

On a non-GAAP basis,¹ excluding the impact of the recall, Penumbra expects fourth quarter 2020 revenue in the range of $172.5 million to $172.9 million, which represents growth of approximately 19% compared to the fourth quarter of 2019. The Company expects full year 2020 non-GAAP revenue in the range of $566.0 million to $566.4 million, which represents growth of approximately 3% compared to full year 2019.

The Company also announced other key revenue results. The Company expects the United States to represent 69% of total revenue and international to represent 31% of total revenue for the fourth quarter of 2020. Revenue from sales of vascular products is expected to grow to be in the range of $86.9 million to $87.1 million for the fourth quarter of 2020, an increase of 45% to 46% compared to the fourth quarter of 2019. Revenue from sales of neuro products is expected to be in the range of $75.6 million to $80.8 million for the fourth quarter of 2020, a decrease of 5% to 12% compared to the fourth quarter of 2019.

On a non-GAAP basis,¹ the Company expects the United States to represent approximately 70% of total non-GAAP revenue and international to represent 30% of total non-GAAP revenue for the fourth quarter of 2020. Non-GAAP revenue from sales of vascular products is expected to be in the range of $86.9 million to $87.1 million for the fourth quarter of 2020, an increase of 45% to 46% compared to the fourth quarter of 2019. Non-GAAP revenue from sales of neuro products is expected to be in the range of $85.6 million to $85.8 million for the fourth quarter of 2020, which is relatively flat compared to the fourth quarter of 2019.

Revenue from sales of vascular products is expected to grow to be in the range of $267.6 million to $267.8 million for the year ended December 31, 2020, an increase of 24% compared to the year ended December 31, 2019. Revenue from sales of neuro products is expected to be in the range of $288.4 million to $293.6 million for the year ended December 31, 2020, a decrease of 11% to 13% compared to the year ended December 31, 2019.

Non-GAAP revenue from sales of vascular products is expected to be in the range of $267.6 million to $267.8 million for the year ended December 31, 2020, an increase of 24% compared to the year ended December 31, 2019. Non-GAAP revenue from sales of neuro products is expected to be in the range of $298.4 million to $298.6 million for the year ended December 31, 2020, a decrease of 10% compared to the year ended December 31, 2019.

The preliminary unaudited revenue results described in this press release are estimates only and subject to revision until the Company reports its full financial results for 2020 during its earnings announcement planned for late February.

«I’m proud that our Penumbra team around the world was able to help our customers address the needs of many more patients during the challenges of the global pandemic,» said Adam Elsesser, chief executive officer and president, Penumbra, Inc. «We remain committed to our mission of meeting the needs of patients and all who serve them across our neuro, vascular and virtual reality franchises.»

The Company is scheduled to present at the 39^th Annual J.P. Morgan Healthcare Conference on Tuesday, January 12, 2021, at 10:50 a.m. Eastern Time. An audio webcast of this presentation will be available by visiting the investors’ section of the Company’s website at www.penumbrainc.com. The audio webcast will be available on the Company’s website for at least two weeks following the event.

¹ See «Non-GAAP Revenue» for important information about our use of this non-GAAP measure.

Non-GAAP Revenue
In addition to revenue prepared in accordance with U.S. generally accepted accounting principles («GAAP»), the Company uses non-GAAP revenue in this press release. The Company defines non-GAAP revenue as revenue excluding the impact of the December 15, 2020 voluntary recall of the Jet 7 Xtra Flex.

Full reconciliation of non-GAAP revenue to GAAP revenue is set forth in the tables below.

Our management believes non-GAAP revenue provides useful information to investors in assessing the performance of our business and provides meaningful comparisons to prior periods and thus a more complete understanding of our business than could be obtained absent this disclosure. In addition, non-GAAP revenue enables comparison of the Company’s revenue results with other public companies, many of which present similar non-GAAP revenue measures.

The non-GAAP revenue measure included in this press release may be different from, and therefore may not be comparable to, similarly titled measures used by other companies. The non-GAAP revenue measure should not be considered in isolation or as an alternative to GAAP revenue. The Company urges investors to review the reconciliation of non-GAAP revenue to GAAP revenue included in this press release, and not to rely on any single financial measure to evaluate its business.

Penumbra, Inc. Reconciliation of GAAP Revenue to Non-GAAP Revenue¹(unaudited) (in thousands)

	GAAP								Non-GAAP
	Three Months Ended December 31,						Impact of		Three Months Ended December 31,
	2020 – HIGH		2019		% Change		Recall		2020 – HIGH		2019		% Change
Neuro	$	80,762	$	85,420	(5)	%	$	(5,000)	$	85,762	$	85,420	—	%
Vascular	87,122		59,843		46	%	—		87,122		59,843		46	%
Total	$	167,884	$	145,263	16	%	$	(5,000)	$	172,884	$	145,263	19	%

United States	$	116,382	$	96,065	21	%	$	(4,800)	$	121,182	$	96,065	26	%
International	51,502		49,198		5	%	(200)		51,702		49,198		5	%
Total	$	167,884	$	145,263	16	%	$	(5,000)	$	172,884	$	145,263	19	%

Jet 7 Xtra Flex	$	3,771	$	16,660	(77)	%	$	(5,000)	$	8,771	$	16,660	(47)	%

	GAAP								Non-GAAP
	Three Months Ended December 31,						Impact of		Three Months Ended December 31,
	2020 – LOW		2019		% Change		Recall		2020 – LOW		2019		% Change
Neuro	$	75,562	$	85,420	(12)	%	$	(10,000)	$	85,562	$	85,420	—	%
Vascular	86,922		59,843		45	%	—		86,922		59,843		45	%
Total	$	162,484	$	145,263	12	%	$	(10,000)	$	172,484	$	145,263	19	%

United States	$	112,082	$	96,065	17	%	$	(9,000)	$	121,082	$	96,065	26	%
International	50,402		49,198		2	%	(1,000)		51,402		49,198		4	%
Total	$	162,484	$	145,263	12	%	$	(10,000)	$	172,484	$	145,263	19	%

Jet 7 Xtra Flex	$	(1,229)	$	16,660	(107)	%	$	(10,000)	$	8,771	$	16,660	(47)	%



Penumbra, Inc. Reconciliation of GAAP Revenue to Non-GAAP Revenue¹(unaudited) (in thousands)

	GAAP								Non-GAAP
	Year Ended December 31,						Impact of		Year Ended December 31,
	2020 – HIGH		2019		% Change		Recall		2020 – HIGH		2019		% Change
Neuro	$	293,592	$	331,685	(11)	%	$	(5,000)	$	298,592	$	331,685	(10)	%
Vascular	267,806		215,720		24	%	—		267,806		215,720		24	%
Total	$	561,398	$	547,405	3	%	$	(5,000)	$	566,398	$	547,405	3	%

	GAAP								Non-GAAP
	Year Ended December 31,						Impact of		Year Ended December 31,
	2020 – LOW		2019		% Change		Recall		2020 – LOW		2019		% Change
Neuro	$	288,392	$	331,685	(13)	%	$	(10,000)	$	298,392	$	331,685	(10)	%
Vascular	267,606		215,720		24	%	—		267,606		215,720		24	%
Total	$	555,998	$	547,405	2	%	$	(10,000)	$	565,998	$	547,405	3	%

¹See «Non-GAAP Revenue» for important information about our use of this non-GAAP measure.

About Penumbra
Penumbra, Inc., headquartered in Alameda, California, is a global healthcare company focused on innovative therapies. Penumbra designs, develops, manufactures and markets novel products and has a broad portfolio that addresses challenging medical conditions in markets with significant unmet need. Penumbra sells its products to hospitals and healthcare providers primarily through its direct sales organization in the U.S., most of Europe, Canada and Australia, and through distributors in select international markets. Penumbra, the Penumbra P logo, and Penumbra JET are trademarks of Penumbra, Inc. For more information, visit www.penumbrainc.com.

Forward-Looking Statements
Except for historical information, certain statements in this press release are forward-looking in nature and are subject to risks, uncertainties and assumptions about us. Our business and operations are subject to a variety of risks and uncertainties and, consequently, actual results may differ materially from those projected by any forward-looking statements. Factors that could cause actual results to differ from those projected include, but are not limited to: the impact of the COVID-19 pandemic on our business, results of operation and financial condition; failure to sustain or grow profitability or generate positive cash flows; failure to effectively introduce and market new products; delays in product introductions; significant competition; inability to further penetrate our current customer base, expand our user base and increase the frequency of use of our products by our customers; inability to achieve or maintain satisfactory pricing and margins; manufacturing difficulties; permanent write-downs or write-offs of our inventory; product defects or failures; unfavorable outcomes in clinical trials; inability to maintain our culture as we grow; fluctuations in foreign currency exchange rates; and potential adverse regulatory actions. These risks and uncertainties, as well as others, are discussed in greater detail in our filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC on February 26, 2020, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 filed with the SEC on May 7, 2020, our Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 filed with the SEC on August 3, 2020 and our Quarterly Report on Form 10-Q for the quarter ended September 30, 2020 filed with the SEC on November 2, 2020. There may be additional risks of which we are not presently aware or that we currently believe are immaterial which could have an adverse impact on our business. Any forward-looking statements are based on our current expectations, estimates and assumptions regarding future events and are applicable only as of the dates of such statements. We make no commitment to revise or update any forward-looking statements in order to reflect events or circumstances that may change.

Contact
Penumbra, Inc. Investor Relations
investors@penumbrainc.com
510-995-2461

Penumbra, Inc. Media Relations
Betsy Merryman
Merryman Communications
betsy@merrymancommunications.com
media@penumbrainc.com
310-560-8176

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SOURCE Penumbra, Inc.