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Automotive Composites Market worth $9.3 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Jan. 11, 2021 /PRNewswire/ — According to the new market research report «Automotive Composites Market by Fiber Type (Glass, Carbon, Natural), Resin Type (Thermoset, Thermoplastics), Manufacturing Process (Compression, Injection, RTM), Applications (Exterior, Interior), Vehicle…

CHICAGO, Jan. 11, 2021 /PRNewswire/ — According to the new market research report «Automotive Composites Market by Fiber Type (Glass, Carbon, Natural), Resin Type (Thermoset, Thermoplastics), Manufacturing Process (Compression, Injection, RTM), Applications (Exterior, Interior), Vehicle Type, and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the Automotive Composites Market is expected to grow from USD 5.4 billion in 2020 to USD 9.3 billion by 2025, at a CAGR of 11.5% during the forecast period. Government initiatives emphasizing the reduction of carbon emission and shift towards electric vehicles are expected to drive the growth of the automotive composites market.

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Browse in-depth TOC on «Automotive Composites Market»

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Glass fiber composites comprise a major share in terms of both value and volume.

Monomers account for the largest share of the overall market in terms of both value and volume. Government regulations such as Corporate Average Fuel Economy (CAFÉ) standards in the U.S.  carbon emission targets in U.S. have put pressure on OEMs to incorporate lightweight materials to reduce the overall vehicle weight, which has led to increased use of GFRP in the automotive industry. However, due to pandemic COVID-19, the sales of automotive composites decreased due to disturbance in supply chain.

Exterior applications account for the largest market share in the global automotive composites market in terms of value and volume.

The exterior parts include major components such as bumper beam, fender, front end module, door panels, and hood, among others. The use of composites in the automotive industry is an emerging trend as these composites help in achieving high-performance properties such as high stiffness, lightweight, and high strength to weight to ratio. However, because of COVID-19 as well as downturn in the automotive industry, the demand for automotive composites is reduced all over the globe. The exterior segment is at the forefront with the highest consumption of automotive composites globally since it help reduce the weight of the exterior parts hence enabling a weight reduction of the complete car body and make it more fuel-efficient. Germany is the largest consumer of automotive composites. Subsequently, certain Asia Pacific countries such as China and Japan consumed a considerable share of automotive composites in 2019. There is a huge decline in demand in the APAC region due to a complete and partial lockdown in the region.

Non-electric vehicle type dominates the market in the global automotive composites market during the forecast period in terms of value and volume.

The Non-electric vehicle type contributed the major share in the automotive composites market, both in terms of value and volume. Automakers all across the world are taking initiatives to fulfill the mandate imposed by the respective government and to offer the consumer with lightweight and fuel-efficient vehicles. Sereebo, carbon fiber reinforced thermoplastic (CFRTP) jointly developed by Teijin Limited and General Motors, is used for manufacturing the pickup box’s inner dashboard, side, and floor panels. Lately, Ruf Automobile GmbH, a German car manufacturer, has developed the Rodeo concept, an all-wheel-drive carbon fiber safari vehicle based on the classic Porsche 911 safari rally car. These initiatives taken by OEMs across the globe has been driving the growth of the automotive composites market.

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APAC is expected to account for the largest market share in the automotive composites market during the forecast period.

The APAC is the biggest and the fastest-growing market for automotive composites, consuming one thrid of the total global volume in 2019. The demand for automotive composites is mainly attributed to the growing need for lightweight, fuel-efficient, and environment-friendly vehicles. The manufacturers are focusing on producing lightweight car bodies with emission control features since the government has set stringent regulatory norms for pollution control from vehicles. The market in this region has undergone a significant transformation due to the in-house presence of well-established raw material suppliers, composite product and components manufacturers, and OEMs in itself consuming these composite solutions in automotive applications. The eco-systems of these adjutant industries is more likely to act in favor of growth of the automotive composites market.

Toray Industries Inc. (Japan), SGL Carbon (Germany), Teijin Limited (Japan), Mitsubishi Chemical Holding Corporation (Japan), Hexcel Corporation (US), Solvay SA (Belgium), Gurit (Switzerland), UFP Technologies Ltd. (US), Huntsman Corporation (US), and Hexion (US), are some of the key players in the automotive composites market. These players have taken different organic and inorganic developmental strategies over the past five years.

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Browse Adjacent Market: Fibers and Composites Market Research Report & Consulting

Related Reports:

Composites Market by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites), Resin Type (Thermoset Composites, Thermoplastic Composites), Manufacturing Process, End-use Industry and Region – Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/composite-market-200051282.html 

Transportation Composites Market by Resin (Thermoplastic and Thermoset), Manufacturing Process, Fiber, Application (Interior, Exterior), Transportation Type (Airways, Roadways, Railways, Waterways), and Region – Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/transportation-composites-market-175821588.html  

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SOURCE MarketsandMarkets

Ultra Clean Reiterates Fourth Quarter Guidance – Provides Outlook for First Quarter

HAYWARD, Calif., Jan. 11, 2021 /PRNewswire/ — Ultra Clean Holdings, Inc. (Nasdaq: UCTT), today reiterated its guidance for the fourth quarter of 2020 and provided an outlook for the first quarter 2021.

HAYWARD, Calif., Jan. 11, 2021 /PRNewswire/ — Ultra Clean Holdings, Inc. (Nasdaq: UCTT), today reiterated its guidance for the fourth quarter of 2020 and provided an outlook for the first quarter 2021.

For the fourth quarter, 2020, the Company expects to be above the midpoint of guidance for revenue and non-GAAP EPS. Guidance provided during the Third Quarter earnings call was revenue of $345 to $375 million and non-GAAP diluted net income per share between $0.63 and $0.77. 

Demand for UCT’s semiconductor products and services remains strong and, given the industry’s positive outlook, the Company anticipates revenue for the first quarter of 2021 to be in the range of $370 million to $400 million. Detailed guidance for the first quarter of 2021 will be provided during our earnings call.

About Ultra Clean Holdings, Inc.

Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, ultra-high purity cleaning and analytical services primarily for the semiconductor industry. Ultra Clean offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping and component manufacturing, and tool chamber parts cleaning and coating, as well as micro-contamination analytical services. Ultra Clean is headquartered in Hayward, California. Additional information is available at www.uct.com.

Use of Non-GAAP Measures

In addition to providing results that are determined in accordance with Generally Accepted Accounting Principles in the United States of America (GAAP), management uses non-GAAP gross margin, non-GAAP operating margin and non-GAAP net income to evaluate the Company’s operating and financial results. We believe the presentation of non-GAAP results is useful to investors for analyzing our core business and business trends and comparing performance to prior periods, along with enhancing investors’ ability to view the Company’s results from management’s perspective. The presentation of this additional information should not be considered a substitute for results prepared in accordance with GAAP.

The Company currently defines non-GAAP net income as net income (loss) before amortization of intangible assets, restructuring charges, executive transition costs, acquisition costs, fair value adjustments, depreciation adjustments, stock-based compensation, and the tax effects of the foregoing adjustments.

Safe Harbor Statement

The foregoing information contains, or may be deemed to contain, «forward-looking statements» (as defined in the US Private Securities Litigation Reform Act of 1995) which reflect our current views with respect to future events and financial performance. We use words such as «anticipates,» «projection,» «outlook,» «forecast,» «believes,» «plan,» «expect,» «future,» «intends,» «may,» «will,» «estimates,» «see,» «predicts,» «should» and similar expressions to identify these forward-looking statements. Forward looking statements included in this press release include our expectations about the semiconductor capital equipment market and outlook. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, the Company’s actual results may differ materially from the results predicted or implied by these forward-looking statements. These risks, uncertainties and other factors also include, among others, those identified in «Risk Factors,» «Management’s Discussion and Analysis of Financial Condition and Results of Operations» and elsewhere in our annual report on Form 10-K for the year ended December 27, 2019 as filed with the Securities and Exchange Commission. Ultra Clean Holdings, Inc. undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise unless required by law.

Contact:
Rhonda Bennetto, Vice President Investor Relations
rbennetto@uct.com

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SOURCE Ultra Clean Holdings, Inc.

Retired Law Enforcement Officer and Glass House Group CEO Kyle Kazan Urges President Trump to Pardon Parker Coleman

LOS ANGELES, Jan. 11, 2021 /PRNewswire/ — Glass House Group, one of the…

LOS ANGELES, Jan. 11, 2021 /PRNewswire/ — Glass House Group, one of the fastest-growing, privately-held, vertically-integrated cannabis and hemp companies in the U.S., issued an open letter to  President Donald J. Trump, urging him to pardon Parker Coleman, who is currently serving a six-decade sentence for a nonviolent marijuana conspiracy offense at USP Beaumont.

 

January 11, 2021

President Donald Trump
The White House
1600 Pennsylvania Avenue
Washington, D.C. 20500

Dear President Trump,

Every President leaves a legacy, and I’m sure history will remember your courage in pardoning Alice Marie Johnson who was sentenced to life imprisonment because of the draconian results from the federal crime bill of 1994 (H.R.3355 – Violent Crime Control and Law Enforcement Act).  While there are many thousands of people whose lives are wasting away in federal prison hoping for a miracle, I would like to bring one such person to your attention who is deserving of another courageous act, Parker Coleman. Mr. President, you have the power to end injustice through the stroke of your pen.

As a retired law enforcement officer and the current CEO of Glass House Group, one of the fastest growing cannabis companies in the U.S., I respectfully request that you pardon Parker Coleman.  Mr. Coleman is serving a six-decade prison sentence for a nonviolent marijuana conspiracy offense at USP Beaumont.  Now in his mid-30s and having already served a decade of his sentence, unless Parker is granted a second chance at life by you, he will be in his 80’s when he is released, a de facto life sentence.

In direct contrast to Parker and many thousands of others who are serving hard time alongside murderers and rapists, countless businesses are operating in 34 states in violation of the same federal marijuana laws.  In fact, fortunes are being made and many states have deemed these businesses to be «essential.»  The magnitude of this growing yet still federally illegal industry is massive as U.S. consumers spent nearly $18 billion on cannabis in 2020 while 68% of Americans support legalization.

As someone who strongly believes in law and order, I ask that you see pardoning him as an action in the best interest of society, justice and the American taxpayers. I appeal to you not only as our President but as a father, grandfather, husband, brother and loyal son.  Parker’s family including his mother, sister, niece, friends and loved ones continue to suffer each and every day from unimaginable pain.  They should not miss one more Christmas or birthday together.

Mr. President, for the reasons outlined above, I respectfully request that you do the right thing and add to your legacy of righting injustice like you did for Alice Marie Johnson and pardon Parker Coleman.

Sincerely, 
Kyle Kazan

About Glass House Group
Glass House Group is one of the fastest-growing, privately-held, vertically integrated cannabis and hemp companies in the U.S. Glass House Group‘s family of eco-friendly, community-conscious cultivation, manufacturing, brands and retail locations bring to market the finest cannabis and hemp strains using cutting-edge technologies and environmental sensibility to deliver uncompromising craft-quality flower, extracts, pre-rolls and cartridges made with care. For more information and company updates, visit https://www.glasshousegroup.com.

Media Contact:
Ellen Mellody
570-209-2947
ellen@mattio.com

 

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SOURCE Glass House Group

Invitae Reports Preliminary 2020 Financial Results of More Than $278 Million in Revenue and More Than 655,000 in Billable Volume

SAN FRANCISCO, Jan. 11, 2021 /PRNewswire/ — Invitae Corporation (NYSE: NVTA), a leading medical genetics company, announced preliminary unaudited full-year 2020 results, reporting strong growth in volume and revenue, signaling continued momentum into 2021.

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SAN FRANCISCO, Jan. 11, 2021 /PRNewswire/ — Invitae Corporation (NYSE: NVTA), a leading medical genetics company, announced preliminary unaudited full-year 2020 results, reporting strong growth in volume and revenue, signaling continued momentum into 2021.

«We are very pleased by the acceleration of our business in 2020, particularly in light of the impact of the COVID-19 pandemic on the healthcare system throughout the year,» said Sean George, Ph.D., co-founder and chief executive officer of Invitae. «Our results underscore the strength of our customer relationships, our continued ability to execute and the benefits of the investments we’ve made in expanding our menu, services and platform. The growth in testing during this time of unrelenting stress on the healthcare system further demonstrates the expanding value genetic information is providing patients as they and their physicians face health challenges and decisions.»

Preliminary, unaudited financial results and other metrics for 2020

  • Generated revenue of more than $278 million in 2020, an approximate 28% increase from $217 million in 2019
  • Reported billable volume of more than 655,000 in 2020, an approximate 40% increase from billable volume of 469,000 in 2019
  • Announced year-end 2020 cash, cash equivalents, restricted cash and marketable securities of more than $360 million as of December 31, 2020

Outlook for 2021
Looking ahead to 2021 and factoring in the continued impact associated with the COVID-19 pandemic, Invitae reiterates its stated outlook for revenue growth targets of 50% – 60% annual growth over the next few years consistent with its view at the time of the announcement of the ArcherDX acquisition. Invitae anticipates generating revenue in excess of $450 million in 2021.

«We are confident we will continue growing rapidly in 2021, even as we navigate the continued pressure the pandemic is placing on clinicians,» said Dr. George. «Our momentum coming out of 2020 and the underlying strength and breadth of our platform enable us to recognize and overcome these challenges while continuing to drive the acceleration of the adoption of genetics in mainstream medicine as the new standard of care.»

Invitae has not completed preparation of its financial statements for the fourth quarter or full year 2020. The preliminary, unaudited results presented in this press release for the year ended December 31, 2020 are based on current expectations and are subject to adjustment. Actual results may differ materially from those disclosed in this press release. Invitae will report its full financial results and other metrics during its fourth quarter and year-end 2020 conference call in February.

Invitae’s Presentation at 39th Annual J.P. Morgan Healthcare Conference
Invitae will present at the 39th Annual J.P. Morgan Healthcare Conference on Tuesday, January 12, 2021 at 10:50 a.m. Eastern/7:50 a.m. Pacific. Following the company presentation, management will participate in a breakout session at 11:10 a.m. Eastern/8:10 a.m. Pacific. The 2021 J.P. Morgan Healthcare Conference is being held virtually via webinar. A live webcast of both the presentation and the breakout session may be accessed at the following direct link or by visiting the investors section of the company’s website at ir.invitae.com. Public listeners can access an audio and slide recording of the session, which will be available shortly after the conclusion of the presentation and breakout session on the investors section of the company’s website at ir.invitae.com.

About Invitae
Invitae Corporation (NYSE: NVTA) is a leading medical genetics company whose mission is to bring comprehensive genetic information into mainstream medicine to improve healthcare for billions of people. Invitae’s goal is to aggregate the world’s genetic tests into a single service with higher quality, faster turnaround time, and lower prices. For more information, visit the company’s website at invitae.com.

Safe Harbor Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including the company’s preliminary financial results for 2020, including billable volume, revenue, cash, cash equivalents, restricted cash and marketable securities; the company’s guidance for 2021, including revenue levels; revenue growth targets; the company’s beliefs regarding its ability to grow rapidly in 2021; the company’s beliefs about its ability to continue to drive the acceleration of the use of genetics throughout mainstream medicine; the company’s beliefs about its ability to recognize and overcome certain challenges; the company’s beliefs regarding the strength of various attributes of its business that it believes prove a basis for such growth; the company’s beliefs regarding the benefits of its acquisitions; and the company’s beliefs regarding the momentum in its business and the drivers of such momentum. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, and reported results should not be considered as an indication of future performance. These risks and uncertainties include, but are not limited to: actual results for the fourth quarter and full year 2020, the year-end close process and audit of the company’s financial statements; the company’s ability to build on momentum in its business and the drivers of momentum; the impact of the COVID-19 pandemic on the company’s business; the company’s history of losses; the company’s need to scale its infrastructure in advance of demand for its tests and to increase demand for its tests; the company’s ability to compete; the company’s ability to develop and commercialize new tests and expand into new markets; risks associated with the company’s ability to use rapidly changing genetic data to interpret test results accurately, consistently, and quickly; the risk that the company may not obtain or maintain sufficient levels of reimbursement for its tests; the company’s ability to successfully integrate acquired businesses, and the benefits to the company of any such acquisitions; laws and regulations applicable to the company’s business; the impact of litigation on the company’s business; and the other risks set forth in the company’s filings with the Securities and Exchange Commission, including the risks set forth in the company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020. These forward-looking statements speak only as of the date hereof, and Invitae Corporation disclaims any obligation to update these forward-looking statements.

Contact:
Laura D’Angelo
ir@invitae.com
(628) 213-3369

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SOURCE Invitae Corporation

Scania introduces disengageable tandem axle

SÖDERTÄLJE, Sweden., Jan. 11, 2021 /PRNewswire/ — Scania now introduces the RB662 tandem bogie axle with an optional lift-and-disengage function. The new option, when engaged, can save up to 6 percent on fuel, depending on operation, and reduces the turning radius. Lifting takes less than 25 seconds and, with normal chassis height and tyres, ground clearance is nearly 70 mm.

«This is a highly desired function from customers in certain applications, and I’m pleased to announce this…

SÖDERTÄLJE, Sweden., Jan. 11, 2021 /PRNewswire/ — Scania now introduces the RB662 tandem bogie axle with an optional lift-and-disengage function. The new option, when engaged, can save up to 6 percent on fuel, depending on operation, and reduces the turning radius. Lifting takes less than 25 seconds and, with normal chassis height and tyres, ground clearance is nearly 70 mm.

«This is a highly desired function from customers in certain applications, and I’m pleased to announce this very neat solution,» says Bo Eriksson, Product Manager, Scania Trucks. «When unladen, the difference in fuel consumption can be up to 6 percent depending on the operation. That is substantial, especially when considering a return leg of 150 to 200 kilometres, as is often the case with timber trucks in Sweden. And, on top of that, you also get less tyre wear and increased manoeuvrability.»

The liftable and disengageable tandem bogie (LDTA) requires air suspension and will increase the trucks kerb weight by 60 kg. Most of the fuel savings can be attributed to the reduced friction inside the second (disconnected) axle gearing and only some 10 percent of the saving derives from reduced rolling resistance. Three bogie weights – 19, 21 and 26 tonnes – are available and load limits with the second axle lifted are 9.5, 10.5 and 13 tonnes respectively. 

A «dog clutch» connection is part of the option that makes Scania’s tandem axle RB662 both liftable and disengage¬able, thus offering substantial fuel savings, reduced tyre wear and much tighter turning radiuses.  

The LDTA option can presently not be combined with hub reduction axles or tridem configurations. The driver raises the axle by simply turning a knob. A pop-up warning appears in the instrument cluster if the truck identifies an overload situation, in which case it will not lift the axle. The lifting can be called for at any speed. The disengage-ment itself is performed via a «dog clutch» connection.

«We definitely expect that this option will be included in many truck specifications,» says Eriksson. «The added cost will rapidly be compensated given the obvious and highly positive contribution to our customers’ total operating economy.»

View the video here

For further information, please contact:

Bo Eriksson, Product Manager, Scania Trucks
Phone: +46 70 248 50 52, email: bo.eriksson@scania.com

Örjan Åslund, Head of Product Affairs, Scania Trucks
Phone: +46 70 289 83 78, email: orjan.aslund@scania.com

 

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SOURCE Scania

Lleida.net, granted its 196th patent, this time in the Dominican Republic

MADRID, Jan. 11, 2021 /PRNewswire/ — The National Office of Industrial Property of the Dominican Republic (ONAPI) has granted Lleida.net (BME: LLN) (OTCQX: LLEIF) (EPA: ALLLN) a new patent for its method for the registration and certification of electronic mail.

The patent, the first one that the Spanish listed corporation receives in 2021, has legal validity for 20 years. 

This is also the first patent the business wins in the <span…

MADRID, Jan. 11, 2021 /PRNewswire/ — The National Office of Industrial Property of the Dominican Republic (ONAPI) has granted Lleida.net (BME: LLN) (OTCQX: LLEIF) (EPA: ALLLN) a new patent for its method for the registration and certification of electronic mail.

The patent, the first one that the Spanish listed corporation receives in 2021, has legal validity for 20 years. 

This is also the first patent the business wins in the Dominican Republic and the 196th that has been granted to the company worldwide.

«Latin America is a key market for us, and receiving our first patent in the Dominican Republic is a key piece in order to consolidate our operation in the region,» Sisco Sapena, CEO and founder of the company, explained

This patent describes the method that allows the firm to demonstrate the reception of an email, with its content, its destination and the moment it was delivered to the server.

It is the method used by some Lleida.net clients, such as the Spanish Football League, «La Liga», in the management of TV rights, as well as by other financial entities.

Lleida.net is recognized in the Dominican Republic, since the end of 2019, as an SMS and telecommunications operator.

In the region, the organisation has significant operations in Colombia and Peru.

It is listed in the OTCQX index in New York, as well as in BME Growth in Madrid and Euronext Growth in Paris.

So far, more than 50 countries have recognized with almost two hundred patents the notification methods and certified electronic signature of Lleida.net, founded in 1995.

«The concession of this patent shows again Lleida.net’s commitment to R&D investment. For us, protecting the value of our intellectual property assets is the key to guarantee profitability to our shareholders,» added Sapena.

The company, which has operations in 19 countries, has become in the last years the main European actor in the eSignature sector.

Currently, its patented methods are recognized as legally valid by the authorities of more than 75 countries.

Last week, Lleida.net announced that the national postal company of United Arab Emirates, Emirates Post, will market all its electronic signature and certified electronic notification services in the country in an exclusive long-term agreement. 

https://Lleida.net

Media Contact:

The Paloma Project
Media, rpl@thepalomaproject.com
+356 7946 7486

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SOURCE Lleida.net

Remote Start App Makes Car Sharing Easier with Contactless Key Handoff

SEATTLE, Jan. 11, 2021 /PRNewswire-PRWeb/ — While travel and vacation were halted in 2020 due to the COVID-19 pandemic, car sharing has remained relevant with commuters seeking alternatives to public transportation. However, car sharing users, both vehicle owners and renters, continue to face hurdles that prevent a smooth and safe rental experience.

First and foremost, there’s the issue of the vehicle’s key. Currently, vehicle owners’ only two methods of key handoff are to meet renters…

SEATTLE, Jan. 11, 2021 /PRNewswire-PRWeb/ — While travel and vacation were halted in 2020 due to the COVID-19 pandemic, car sharing has remained relevant with commuters seeking alternatives to public transportation. However, car sharing users, both vehicle owners and renters, continue to face hurdles that prevent a smooth and safe rental experience.

First and foremost, there’s the issue of the vehicle’s key. Currently, vehicle owners’ only two methods of key handoff are to meet renters in-person or to stow away the key somewhere on the outside of the vehicle. The former presents social distancing concerns and the latter subjects the vehicle to threats of theft and key tampering. Additionally, «smash-and-grab» break-ins continue to plague vehicles parked in public places for extended periods of time awaiting rental pickup. Vehicle owners that monetize their vehicles are faced with the dilemma of choosing between convenience and safety.

Firstech, the Seattle-based maker of the DroneMobile remote car starter app, has announced that its April 2021 app update will offer vehicle owners and renters both safety and convenience with new car sharing and key management capabilities.

The upcoming DroneMobile app update will enable the use of the company’s patented KL1 KeyLocker hardware. KeyLocker is an LTE-enabled key management and storage system that makes key handoff as easy as sending an invite to a renter’s email. Upon acceptance of the invitation, renters can instantly see the vehicle’s parking spot and start their trip using only their smartphone. Meanwhile, vehicle owners receive alerts notifying them of successful pickup and drop-off. (During the rental, vehicle owners cannot track or control the vehicle without ending the renter’s access.)

KeyLocker fits into most vehicle compartments and has a sliding door mechanism for safely storing any type of vehicle key. While a vehicle’s key is stored in a KeyLocker, the system activates anti-tampering security sensors around KeyLocker and the outside of the vehicle. These sensors can only be disarmed using the DroneMobile app, which works over LTE from unlimited range. If a vehicle utilizes a «smart» key with push-to-start capabilities, KeyLocker can enable and disable the detection of that key so that it does not need to be removed throughout the duration of the rental. In this case, drivers would use their smartphone as the key for driving the vehicle.

Firstech’s KeyLocker also includes a touchpad as backup in the event of poor cellular coverage or dead smartphone battery.

Firstech describes the DroneMobile app update as «enabling safer and easier car sharing for everyone.» While the DroneMobile app won’t offer a marketplace to reserve car shares, the company hopes to fill a void for vehicle owners that scale their car sharing operations on other platforms.

In order to enjoy DroneMobile car sharing, vehicle owners should visit an Authorized DroneMobile dealer to have their KeyLocker and LTE hardware installed. Parts and pricing may vary by vehicle. To find a dealer near you, please visit http://www.dronemobile.com/find-a-dealer. All car sharing and key management features will be included for all DroneMobile Premium subscribers, with plans as low as $5.99/month.

About Firstech
Firstech is an award-winning connected car company from Seattle, Washington. Since the company’s founding in Anchorage, Alaska, Firstech has primarily focused on developing solutions to improve the safety, comfort and peace of mind of drivers on the road. Over the past 6 consecutive years, Firstech has been voted «Top Vendor in Security and Convenience» solutions by the Mobile Electronics Association, demonstrating the company’s commitment to product innovation and customer support.

Media Contact

Justin Lee, Firstech, LLC., +1 8888203690 Ext: 108, marketing@compustar.com

Jason Kaminski, Firstech, LLC, 8888203690 109, jkaminski@compustar.com

Twitter

 

SOURCE Firstech, LLC.

Qualitas Health/iwi Raises $10M in First Close of New Investment Round

HOUSTON, Jan. 11, 2021 /PRNewswire/ — Plant-based omega-3 pioneers, Qualitas Health, DBA iwi, announces it has secured $10 million in venture funds at a $73million post-money valuation. The investment round is being led by world-class foodTech investor PeakBridge VC, Malta, together with Arancia Group, a privately owned…

HOUSTON, Jan. 11, 2021 /PRNewswire/ — Plant-based omega-3 pioneers, Qualitas Health, DBA iwi, announces it has secured $10 million in venture funds at a $73million post-money valuation. The investment round is being led by world-class foodTech investor PeakBridge VC, Malta, together with Arancia Group, a privately owned Mexico-based food ingredient/food service conglomerate, Minrav (the company’s largest investor) and additional private investors. Additional convertible notes held by Minrav Holdings, Sasa, Trucent and other single investors are converted to equity.  The investment will accelerate customer acquisition, and commercialization of the company’s unique plant-based protein. The funds will also be used to deepen its strong clinical science and IP and accelerate its expansion into additional geographies.

iwi is a globally renowned producer of the highest absorption polar lipid EPA omega-3 marketed direct-to-consumer and to retailers in the US market. iwi disrupted the algae-farming paradigm by growing its distinctive microscopic algae in cultivation pond systems the size of football stadiums built on non-arable land in the pristine deserts of New Mexico and Texas.

Unique to iwi’s process is that it relies on saltwater, with the sun as the main source of energy and places zero strain on the natural ecosystem. This allows iwi to cleanly cultivate immense amounts of the ancient sea vegetable Nannochrolopsis. This algae is one of the few existing plants that contains all of the essential amino acids — the building blocks of proteins — plus vitamins, minerals, chlorophyll, and essential fatty acids, especially omega-3. The process reflects the company’s desire to bring sustainable nutritious food solutions to feed the growing global population.

«This investment will be instrumental to accelerating growth in 2021 as iwi advances to the industrial pilot stage of our unique plant-based protein, start the regulatory process, and conduct additional clinical studies,» says Miguel Calatayud, CEO of Qualitas Health. «This uniquely sourced, complete plant protein will be ready for commercialization in 2022.»

Qualitas Health currently produces proprietary, clinically proven, high-absorption omega-3. It markets 15 supplement SKUs under the iwi brand in the US, including soft gels and functional gummies. iwi has built a strong direct-to-consumer platform (DTC), and has an additional presence in more than 5,000 US retailer outlets.

«This new investment round is a significant milestone for our company,» adds Calatayud. «We are fortunate to have such prominent partners join us in our journey and we are grateful to our existing and new shareholders for their commitment and ongoing support. iwi experienced significant growth in 2020 with online sales, and strong sales growth is forecast to continue in 2021.»

«Qualitas ticks all the boxes for meeting our investment criteria,» contributes Nadav Berger, co-founder and Managing Partner of PeakBridge. «It has strong intellectual property, proven scaling capabilities, and tremendous sustainability impact — all of which give iwi a unique edge within the plant-based nutrition industry. We welcome Qualitas and its new and existing investors to the PeakBridge family.»

«PeakBridge is far more than a VC fund,» adds Yoni Glickman, Chairman of Qualitas. «PeakBridge, together with our additional new investors, brings decades of knowledge, expertise, and food industry networking, and Arancia is an industry leader with a long heritage of operational excellence and innovation. They also add significant value to our company. We warmly welcome our new partners and look forward to executing our ambitious plans together.»

About PeakBridge

PeakBridge was founded by Erich Sieber and Nadav Berger. Both spent their entire professional lives in the food industry and have raised and managed funds in the foodTech space prior to creating PeakBridge. PeakBridge is a core member of the EIT Food consortia and invests globally in Series A foodTech companies, including Tastewise, Ukko, BE WTR, PreNexus and Nick’s.

About Qualitas Health

Qualitas Health is a food and nutrition company on a mission to revolutionize the way we nourish humanity by unleashing the potential of algae. As an industry leader in algae cultivation, Qualitas Health developed a proprietary platform to launch fully sustainable, vegan, algae-based nutritional products at scale. Building on more than 10 years of experience in microalgae farming, cultivation, and extraction, the company’s scalable methods develop core nutrients that help all people lead a better life. Its technology allows for the effective production of proprietary premium food and nutrition products, marketed under the iwi brand, for a comprehensive range of health applications.

For further information, please contact:

Company contact:

Press Contact

Adrián Garcia

NutriPR

Director of Marketing and Innovation

Liat Simha

Email:  amgarcia@qualitas-health.com

Tel: +972-9-9742893

Website:  www.iwilife.com  

www.qualitas-health.com

E-mail: liat@nutripr.com

Tel:  +1.832.862.3278

Website: www.nutripr.com

Twitter: @LiatSimha

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SOURCE Qualitas Health

Schneider Electric Unveils New Sustainable Energy Products at CES 2021

BOSTON, Jan. 11, 2021 /PRNewswire/ — Schneider Electric, the leader in the digital transformation of energy management and automation, today announced at CES 2021 the expansion of their Wiser smart home ecosystem, furthering discussion around the Smart and Sustainable Home. The Wiser range marks a significant step forward to…

BOSTON, Jan. 11, 2021 /PRNewswire/ — Schneider Electric, the leader in the digital transformation of energy management and automation, today announced at CES 2021 the expansion of their Wiser smart home ecosystem, furthering discussion around the Smart and Sustainable Home. The Wiser range marks a significant step forward to create affordable, sustainable, energy efficient, resilient and personalized homes.

Anchored by the Square D™ Energy Center, these industry-first products enable unprecedented residential insights and monitoring capabilities for homeowners to control and lower their home’s energy consumption and electrical heating and cooling costs by up to 50%.

«Our homes are expected to become the single largest greenhouse gas emitters over the next decade,» said Manish Pant, Executive Vice President, Home and Distribution Division at Schneider Electric. «As consumers equip their homes with more connected devices, the ability to control and manage home energy consumption will be non-negotiable. A secure, interoperable power management system is key to ensuring consumers live sustainably even at home, by keeping energy cost and CO2 emissions to a minimum. Our new product empowers consumers to make better energy choices, and to take active control over their energy needs.»

The Square D™ Energy Center, as part of the Wiser ecosystem of solutions, can now help combat the likelihood of homes becoming the single largest greenhouse gas emitters over the next decade, by transforming homes from simply smart to smart and sustainable. It’s a major step towards enabling net zero, self-sufficient homes, and bringing sustainable energy choices directly to consumers. By connecting a smart thermostat, a smart meter, a back-up generator and a solar inverter with an AI-driven energy management system, the Square D™ Energy Center takes a proactive energy management approach, addressing key pain points of resilience and effective energy management in the home.

2021 Product Introductions & Extensions

As part of a rising consumer demand and market appetite for sustainable, smart and efficient homes, Schneider Electric is unveiling the following as part of the new Square D™ Energy Center at CES in 2021:

  • Control home energy loads from grid-to-plug: All electrical energy from the home and grid now converges in a single panel where load control is managed directly: from grid to plug. From swimming pools to heating to appliances, like freezers and washing machines, in two parts: critical and normal loads. If an outage is caused by adverse weather, for example, the panel switches to ‘critical load’ mode. At this point, it decides if appliances like the fridge are ‘essential’, then the energy supply is switched to these appliances only.
  • Resiliency through different sources: The Square D™ Energy Center seamlessly enables the convergence, scalability, and optimization of residential distributed energy resources, including utility power, solar power, energy storage, future smart home devices and generators. With digital control from a single app, the power source can be changed to ensure resiliency and to reduce costs.
  • Charging without being over-charged: The Square D™ Energy Center panel can monitor solar energy usage and track against the costs of utility power to optimize energy sourcing to reduce costs. For example, electric vehicles are high load and expensive to charge if you need to do so at peak time. The Square D™ Energy Center panel can help to manage these costs by identifying the best time of day to charge your vehicle or switch to solar for charging to avoid higher energy rates.
  • Intuitive installation and usage: The Square D™ Energy Center embeds seamlessly into properties, integrating batteries and energy measurements from both the grid and the home. There’s no need to make a gateway or new protocols as it fits straight in with existing home energy management systems, controlled by the homeowner from a single app. Electricians can save installation time as the pre-wired panel arrives already assembled.

Pricing and Availability

For more information on pricing and availability in the U.S. market, please visit https://www.se.com/us/en/about-us/events/local/ces.jsp.                            

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.

Follow us on: Twitter | Facebook | LinkedIn | YouTube | Instagram | Blog 

Hashtags: #CES2021 #LifeisOn                                                                          

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SOURCE Schneider Electric

All-new Sorento wins ‘Large SUV of the year’ at 2021 What Car? Car Of The Year awards

  • All-new Kia Sorento takes home the ‘Large SUV of the Year’ award
  • Sorento praised for its fuel economy, driving dynamics and well equipped interior
  • Sorento highly praised since launch in 2020

SEOUL, South Korea, Jan. 11, 2021 /PRNewswire/ — Kia’s flagship SUV, the all-new Sorento, has made a strong start to the year, being named ‘Large SUV of the Year’ at the 2021 What Car? Car of the Year…

  • All-new Kia Sorento takes home the ‘Large SUV of the Year’ award
  • Sorento praised for its fuel economy, driving dynamics and well equipped interior
  • Sorento highly praised since launch in 2020

SEOUL, South Korea, Jan. 11, 2021 /PRNewswire/ — Kia’s flagship SUV, the all-new Sorento, has made a strong start to the year, being named ‘Large SUV of the Year’ at the 2021 What Car? Car of the Year Awards.

Kia’s flagship SUV, the all-new Sorento, has made a strong start to the year, being named ‘Large SUV of the Year’ at the 2021 What Car? Car of the Year Awards.

Up against worthy competition in the Large SUV category, the What Car? judging panel chose the Sorento for its impressive fuel economy, driving dynamics, high levels of standard specification, and exceptional build quality.

The variant chosen by the judges at What Car? was the 1.6 T-GDi Hybrid in the UK’s ‘2’ specification, packed full of standard features such as a Reversing Camera System, Intelligent Speed Limit Assist, and Forward Collision Avoidance with pedestrian, cyclist and junction detection.

Commenting on the Sorento win, Steve Huntingford, Editor of What Car? magazine said: «The Sorento’s hybrid tech combines good real-world fuel economy with comparatively low CO2 emissions, while the ride is comfortable and the steering accurate. Throw in a nicely made and well-equipped interior, a driving position that’s lofty enough to make HGV drivers jealous and Kia’s unmatched seven-year warranty, and the Sorento is an outstanding all-rounder.»

Won-Jeong Jeong, President at Kia Motors Europe commented: «It is always a great honour to receive awards for the vehicles that we produce, and particularly from such well-known and highly regarded publications as What Car? magazine. The fourth-generation Sorento is a car we are very proud of, particularly as it represents the first application of electrified power in our flagship SUV.»

The all-new Sorento has only been on sale in Europe for a short time, yet has already cemented itself as an important halo product in the Kia line-up, having also won ‘Car of the Year’ in the UK’s Carbuyer 2021 awards.

The all-new Sorento range is available across Kia’s European dealer network, with powertrain options (depending on market) including hybrid, diesel and plug-in hybrid. All models are sold in Europe with Kia’s industry-leading seven-year, 150,000-kilometre warranty.

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