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Additional CA Business Tax Rules going into effect affecting states outside CA Update: 2021

LA JOLLA, Calif., Feb. 16, 2021 /PRNewswire/ — Tax season is upon us and the newest revisions to the California tax codes affect not only residents of the state but those who do business with CA (the 5^th largest economy in the world).

<p title="**UPDATE: 2021** Additional CA Business Tax Rules going into effect affecting states outside CA. Tax season is upon us and the newest revisions to the…

For the millions of Californians who went to the polls in November these ballot measures and Bills may be familiar. Here are three that passed into law and two that did not. The team at Milikowsky Tax Law reviews what they are and what they mean for your business and personal taxes in 2021.

In June 2020, Gov. Gavin Newson (D) signed into law Assembly Bill 85 which included retroactive tax increases.

AB85 suspends a business’ ability to claim a CA net operating loss (NOL) deduction in 2020, 2021, or 2022. («Net Operating Losses» result when a company’s expenses exceed its revenue in a year).
Businesses with net income below $1 million may still claim the NOL deduction. Therefore, if your company lost money in 2020 and then had net income of $1M or more in 2021 and beyond, your NOLs would be suspended.

This law applies to all businesses – individuals (Sch C filers), flow through entities, and C corporations.

The law also retroactively caps at $5 million the amount of credits a business may claim in 2020, 2021, and 2022.

A slight tax reduction was enacted for certain businesses that are newly register to do business in the state in 2021, 2022, or 2023, with a three-year suspension of the $800 minimum corporate tax.

SB 1447 passed into law: The Small Business Hiring Tax Credit

The Small Business Hiring tax credit is available on a first-come, first-served basis, and is equal to $1,000 per each net new employee, up to $100,000 per business.

The requirements to claim the credit are that the business:

Has fewer than 100 employees and
Experienced a 50% or greater decline in gross income during the second quarter of 2020.

The credit can reduce a business’ personal income tax, corporation tax, or sales tax bill. The credit expires December 31, 2021.

Prop 19 – The Property tax law

Described as a protection for the elderly or those transferring property from one generation to the next, Prop 19, in practice, limits the conditions in which property owners can transfer California real property between parent and child without triggering a reassessment of the property value for property tax purposes.

The new rules go into effect on February 16, 2021.

Under Prop 19, properties are taxed based on their assessed value (also known as the base year value or taxable value) rather than their fair market value.

Assessed value equals the purchase price plus a 2% increase per year until there is a change in ownership.

The existing law excludes from reassessment transfers between parents and children of the transferor’s (a) primary residence, regardless of value, and (b) $1 million of assessed value of «other real property» (such as second homes and investment properties). This is commonly referred to as the parent-child exclusion.

Prop 19 has the following effects:

The ability to transfer $1M of assessed value of «other property» is eliminated.
The ability to transfer a primary residence between parent and child without reassessment will not apply unless two conditions are met:

The primary residence must also become the recipient (or child)’s primary residence; and
The fair market value (FMV) of the primary residence at the time of transfer cannot exceed the transferor’s assessed value by more than $1 million.

If the difference between FMV and the Assessed value is greater than $1M, then the NEW assessed value will be the FMV less $1M.

If the transferor’s primary residence does not become the recipient’s primary residence, then the property will be reassessed at its fair market value.

What the new law from Prop19 means for you:

If you are transferring a home to a child and you bought that home in the 1960s or 70s in an area which was off the beaten path and – in the intervening years – the world has grown up around you significantly elevating your property value; And, if you are now downsizing and giving the property to your child to be used as their primary residence; you may well be «gifting» them a large tax burden.

The following bills did NOT get passed into law:

AB 1253 would have increased California’s highest income tax rate of 13.3% income to 16.8% on some high-income individuals, which would have been retroactive to January 1, 2020 (before COVID-19).

AB 2088, «The Wealth Tax», would have imposed a 0.4% wealth tax on all net worth above $30 million (global assets owned) taking into account all assets and liabilities held by an individual globally.

It would have applied to residents, part-year residents, and to any person who spends more than 60 days in California in a given year.
If the wealth tax had passed, there would have been a «tail» requiring you to keep paying for ten years. Likely this was aimed at the people who are migrating out of CA for tax purposes to places like AZ and TX as this law would have also taxed people who left CA.

John Milikowsky
jmilikowsky@milikowskytaxlaw.com
858-450-1040

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SOURCE Milikowsky Tax Law

Ontario International Airport began 2021 with double-digit gain in cargo volume while pandemic continued to depress passenger numbers

ONTARIO, Calif., Feb. 16, 2021 /PRNewswire/ — Ontario International Airport (ONT) began 2021 just as it closed out 2020, with a double-digit increase in commercial freight volume while the COVID-19 pandemic continued to depress passenger numbers.

<a href="https://mma.prnewswire.com/media/1438749/Ontario_International_Airport_Southwest_737_and_UPS_A300.html" target="_blank"…

January freight volume totaled more than 70,500 tons, a 15.6% increase compared to the same month last year and extending a trend of robust cargo shipments as Southern Californians continued to rely heavily on e-commerce to keep their households and businesses supplied. At the same time, shipments of mail more than doubled year-over-year to 3,225 tons.

«Cargo continued to be a source of strength in January like it was for all of 2020,» said Mark Thorpe, chief executive officer of the Ontario International Airport Authority. «Freight shippers continued to show great confidence in our ability to provide the infrastructure and facilities they needed to meet increasing demands on the e-commerce supply chain.»

January’s cargo volume continued a trend of double-digit growth at ONT, a leading North American carbo hub which saw freight tonnage increase by 10% or more in 10 different months last year.

In November, FedEx Express, a subsidiary of FedEx Corp. completed a $100 million investment in its ONT facilities, the centerpiece of which is a 251,000 square-foot complex with a sorting facility capable of handling 12,000 packages per hour, nine wide-body aircraft gates, 14 feeder aircraft gates and 18 truck docks.

Air cargo (tonnage)	January 2021	January 2020	Change
Freight	70,547	61,027	15.60%
Mail	3,225	1,587	103.23%
Total	73,772	62,614	17.82%

Meanwhile, passenger volume continued to be impacted by the pandemic as nearly 152,000 air travelers moved through ONT in January, 66% less than January 2020. More than 145,000 were domestic passengers and 6,475 were international fliers, decreases of 65% and 79%, respectively.

Thorpe expressed a note of optimism for higher passenger traffic this year, pointing out that airlines operating at ONT have announced plans to restart or initiate new flights to nine U.S. destinations by May while Colombia-based Avianca Airlines will begin service to El Salvador this summer. The Avianca route will be the first to Central America from the Inland Empire.

Passenger Totals	January 2021	January 2020	Change
Domestic	145,385	423,643	-65.68%
International	6,475	30,896	-79.04%
Total	151,860	454,539	-66.59%

About Ontario International Airport
Ontario International Airport (ONT) is the fastest growing airport in the United States, according to Global Traveler, a leading publication for frequent fliers. Located in the Inland Empire, ONT is approximately 35 miles east of downtown Los Angeles in the center of Southern California. It is a full-service airport which, before the coronavirus pandemic, offered nonstop commercial jet service to 26 major airports in the U.S., Mexico and Taiwan. More information is available at www.flyOntario.com. Follow @flyONT on Facebook, Twitter, and Instagram

About the Ontario International Airport Authority (OIAA)
The OIAA was formed in August 2012 by a Joint Powers Agreement between the City of Ontario and the County of San Bernardino to provide overall direction for the management, operations, development and marketing of ONT for the benefit of the Southern California economy and the residents of the airport’s four-county catchment area. OIAA Commissioners are Ontario Mayor Pro Tem Alan D. Wapner (President), Retired Riverside Mayor Ronald O. Loveridge (Vice President), Ontario City Council Member Jim W. Bowman (Secretary), San Bernardino County Supervisor Curt Hagman (Commissioner) and retired business executive Julia Gouw (Commissioner).

OIAA Media Contact:
Steve Lambert, (909) 841-7527 slambert@flyontario.com

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SOURCE Ontario International Airport

Momentum Dynamics And Eurovia (UK) Announce Memo Of Understanding To Provide Wireless Charging Solutions To UK Cities

MALVERN, Pa., Feb. 16, 2021 /PRNewswire/ — Momentum Dynamics Corporation, a leading provider of wireless charging for electric vehicles, and Eurovia UK, the entity responsible for maintaining and improving over 50,000 kms of the UK’s highway network, have announced a Memorandum of Understanding where the two companies will collaborate to develop wireless EV charging solutions for UK cities and fleets.

…

Momentum and Eurovia Plan the Future of City-based EV Charging

The MOU heralds the beginning of a long-term partnership that will deliver a cable-free solution to the UK’s electric vehicle charging network.

Wireless Charging Enables Fleets while Keeping Cities Clean
Wireless charging for electric vehicles allows practically invisible charging during regular operation. The system is automatic and dispenses with the need for visually-detracting cabling. While in-service, such as during the loading of passengers, an equipped vehicle parks over charging pads that are sunk into or on the roadway. The vehicle then receives incremental charging of a few minutes or longer before resuming duties. The charging is automatic and requires no operation by the driver. Charging ends as the vehicle departs from the pad. The Momentum Dynamics wireless system can provide energy to vehicles from 25-450 kW. The system can be used on all types of electric vehicles, from cars and buses to drayage and depot haulers and class 8 trucks/HGVs. The system is modular in design and is therefore easily scalable, works in all weathers and is unaffected by rain, ice or snow.

UK Cities Need to Adopt Diverse Approaches to EV charging
In 2019, the UK Government became the first major economy to enshrine net zero in law. Our challenge: achieving net zero greenhouse gas emissions by 2050, is significant – the transport sector is currently responsible for 28% of the UK’s domestic carbon emissions. As the government’s advisory body, the Committee for Climate Change (CCC), has put it: the 2020s must be the decisive decade of progress and action on climate change. The move to ban ICE vehicles by 2030, and the huge leap in consumer demand for EVs show we are starting to make changes in the right direction. However, different use cases need different charging solutions and the aim should be to deliver the most appropriate and efficient solution for each case.

As the Department for Transport prepare to publish their Decarbonisation Plan for Transport this Spring, anything we can do to minimise carbon impacts will make a difference.

«From our work with many Highway Authorities up and down the UK, we understand the need to develop and deliver real solutions to the climate challenge. The Momentum Dynamic solution is one we think will make an immediate difference – providing wireless charging in a cost-efficient, time-efficient and visually appealing way.» said Yogesh Patel, Eurovia UK’s Process and Improvement Director. «As we plan for the long-term adoption of electric vehicles, we need to ensure we develop infrastructure that adds value to our communities without additional clutter on our streets. We were inspired with Momentum’s work on wireless taxis with Jaguar Land Rover in Oslo and we see wireless charging as one of the solutions we need to explore to achieve net zero in the UK.»

Momentum Dynamics CEO, Andrew Daga said, «The cities of the future will charge their vehicles wirelessly – whether those vehicles are driven by people or especially when driven autonomously. This means we need to plan today for that very near tomorrow. Our work with Eurovia UK will accelerate the adoption of electric vehicles without adding unsightly cables to our lives and move us all toward a cleaner future.»

About Momentum Dynamics
Momentum Dynamics is a market-leading original technology developer of efficient, automatic, wireless charging systems for the automotive and transportation industries with real-world technology in operation that proves the capability and need for fast, automated opportunity charging of electric vehicles. In transit bus applications, Momentum’s system has been proven through years of service at effective power levels of over 300 kW and the system is capable of delivering 450 kW. The company has announced a project with Jaguar Land Rover to supply 50kW wireless-charged I-Pace taxis to Oslo, Norway in Q1 2021. Momentum Dynamics practices world-class technology innovation and is recognized for the unique expertise of its engineers and scientists.

About Eurovia UK

Eurovia UK Limited is the parent company of the following businesses: Ringway Infrastructure Services Limited – a leader in operating, managing and maintaining long-term local authority highway contracts; Jean Lefebvre (UK) Limited – a technical consultancy delivering the highest standard of technical services and product development; and Eurovia Infrastructure Limited – the road contracting, specialist surfacing contracting and asphalt production businesses.

Eurovia UK Limited is a wholly owned subsidiary of Eurovia SAS which is a leading global transport and infrastructure services provider. Eurovia UK businesses support services across over 50,000kms of the UK highways network.

Safe Harbor Statement
This press release contains forward-looking statements regarding the Momentum Dynamics’ future growth. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from our expectations, including access to future capital at terms favorable to Momentum Dynamics, competition, general economic, business, and market conditions, and other risks and uncertainties that may adversely impact our business. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting the Momentum Dynamics’ business including but not limited to, increased competition; the ability of Momentum Dynamics to expand its operations through either acquisitions or internal growth, to attract and retain qualified professionals, and to expand commercial relationships; technological obsolescence; general economic conditions; and other risks.

References:

1. Under the UK Climate Change Act, the UK must reach Net Zero Greenhouse Gas emissions by 2050. The Act also requires the Government to set a new Carbon Budget every five years, following the advice of the Climate Change Committee. The Sixth Carbon Budget must be legislated by June 2021. Sixth Carbon Budget – Committee for Climate Change Building back better – Raising the UK’s climate ambitions for 2035 will put Net Zero within reach and change the UK for the better – Climate Change Committee (theccc.org.uk)

2. Sales of pure electric and plug-in hybrid cars soared last year, with more than 175,000 vehicles registered representing a growth of 140%. – Fleet News 14th Jan 2020 – Plug-in car sales grew by 140% in 2020 | Electric fleet news

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SOURCE Momentum Dynamics Corporation

Frost & Sullivan Unveils the Future of User Interfaces Shaping New Consumer Experiences

Global augmented and virtual reality market is expected to reach $661.40 billion by 2025

SANTA CLARA, Calif., Feb. 16, 2021 /PRNewswire/ — Frost & Sullivan’s recent analysis, Future of User Interfaces Shaping New Consumer Experiences, finds that user interface (UI) technologies have moved beyond the concept of simply representing machines to their users to enabling sophisticated and personalized interaction. The COVID-19 pandemic has accelerated their use in healthcare, manufacturing, education, retail, and banking to simplify interactivity and improve engagement. The global augmented/virtual reality (AR/VR) market is expected to reach $661.40 billion by 2025, at a compound annual growth rate (CAGR) of 86.3% from 2019 to 2025, driven by contactless commerce. Beyond 2030, AR and VR will merge, allowing users access to the total reality-virtuality continuum. Meanwhile, the global biometrics market revenue is forecast to reach $54.97 billion in 2025, with next-generation identification, palm vein and behavioral biometrics experiencing significant demand.

For further information on this analysis, please visit: http://frost.ly/5ag

«The need for adoption of new user interface (UI) technologies to alleviate challenges posed by the global pandemic is immediate but constrained by infrastructure issues such as a lack of 5G networks and capable devices,» said Murali Krishnan, Visionary Innovation Group Senior Industry Analyst at Frost & Sullivan. «For futuristic UIs to become ubiquitous, security and privacy will be critical. Organizations must prioritize cybersecurity, business continuity plans, and risk assessments. Further, the transition to the fifth generation of wireless technology will be critical to the success of UI devices. Its ability to connect 1 million devices for every square kilometer will make 5G the backbone for UI devices and overall connected ecosystems.»

Krishnan added: «UI technologies will be an important component in the shift from the office to a virtual workplace that is mobile and more flexible, while interactive interfaces have expanded the scope of businesses to engage with their customers and build deep relationships. Technological advances in mixed reality, holographic displays, computer vision and wearables will create new application opportunities.»

New technologies will drive growth opportunities in the short term as the adoption rate for user interfaces rises and organizations realize the productivity gains created by UI technologies:

Biometric technologies: With vendors integrating biometric technologies with AI and machine learning, there is a strong market for high-end biometric interfaces in the public and commercial sectors. A combination of iris, vein, fingerprint, facial recognition and voiceprint interfaces for verification will offer additional security without compromising the user experience.
Digital twins: An estimated four out of five IoT platforms will employ digital twins over the next five years, propelling the global digital twin market to expand at a strong CAGR of 47.0% between 2019 and 2025. Retail, automotive, healthcare, manufacturing, energy and smart cities will benefit. Successful implementations will require high-speed communication networks and no service disruptions.
Brain-machine interface: Neural interfaces could have a significant impact on the restoration of vision and hearing, treatment of mental health disorders, and alleviating pain through electrical stimuli by focusing on the appropriate areas of the brain. In addition, the gaming community is pioneering new gaming control mechanisms based on brain signals utilizing electroencephalography (EEG) headsets.
AR/VR: By 2025, China is expected to lead the VR market, with investments pouring into patents, standards and products. AR, VR and robotics will merge to develop VR robots, which will have a huge impact on manufacturing, retail, security, healthcare and defense. In particular, AR/VR market revenue for manufacturing, robotics and the engineering supply chain is expected to reach $161.29 billion by 2025.

Future of User Interfaces Shaping New Consumer Experiences is the latest addition to Frost & Sullivan’s Visionary Innovation Group research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion

Future of User Interfaces Shaping New Consumer Experiences
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Contact:

Francesca Valente
Global Corporate Communications
E: Francesca.Valente@frost.com
http://ww2.frost.com

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SOURCE Frost & Sullivan

Southern States see the Greatest Disparities Between Healthcare Costs and Middle-Class Income

SEATTLE, Feb., 16, 2021 /PRNewswire/ — A new report found workers in Mississippi, Louisiana and Arkansas contribute, on average, the highest percentage of their income to out-of-pocket health coverage costs. Recent trends in health care costs, health care coverage and household income have contributed to growing disparities between different income groups in the United States.

Analysts at…

Analysts at QuoteWizard looked at data from The Commonwealth Fund to see where residents are paying a larger share of their income towards health insurance premiums and deductibles.

View the full report here: https://quotewizard.com/news/posts/disparity-between-healthcare-costs-and-middle-class-income

Key findings:

Nearly 32 million workers (21% of the U.S. workforce) would benefit from raising the federal minimum wage.
Workers in Mississippi, Louisiana and Arkansas contribute, on average, the highest percentage of their income to out-of-pocket health coverage costs.
In Hawaii, Washington and Massachusetts, the middle class contributes the least of their income towards health premiums and deductibles.
Forty-two states contribute more than 10% of their incomes towards out-of-pocket health costs.
Nationally, those with middle income pay $7,388 yearly in deductibles and health premiums combined.

Methodology
To find out which states have the largest disparities between middle-class income and out-of-pocket health insurance costs (premiums and deductibles), QuoteWizard analyzed The Commonwealth Fund’s state-by-state report on «Insurance Costs Taking Larger Share of Middle-Class Incomes as Premium Contributions and Deductibles Grow Faster Than Wages.» We compiled 2019 employee contributions to yearly health insurance premiums and average deductible costs and compared them to each state’s median income. Median middle-class income data was sourced from the U.S. Census. States with the highest average percentages of income that go to out-of-pocket health insurance costs are ranked closer to 1 (worst) and states that had relatively lower health insurance costs compared to income ranked closer to 50 (best).

About QuoteWizard QuoteWizard (quotewizard.com) is an insurance comparison marketplace for consumers looking to save on insurance. QuoteWizard provides consumers with direct access to thousands of qualified agents in all 50 states, as well as major carriers, who offer personalized quotes and the opportunity to save up to 40% on auto, home, health, and life insurance. Agents and carriers, in turn, benefit from millions of highly qualified leads, calls, and traffic to their site. Based in Seattle, QuoteWizard was founded in 2006.

For more information, go to quotewizard.com, like our Facebook page and/or follow us on Twitter @quotewizard.

Media Contacts:

Emily: emily@quotewizardnews.com
Nathan: nathan@quotewizardnews.com
Elli: ecarrillo@quotewizardnews.com

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SOURCE QuoteWizard

Canadian Solar Closes Japan Green Infrastructure Fund with JPY22 Billion Committed Capital to Develop New Projects

GUELPH, ON, Feb. 16, 2021 /PRNewswire/ — Canadian Solar Inc. (the «Company», or «Canadian Solar») (NASDAQ: CSIQ), one of the world’s largest solar power companies, announced today the successful close of the Japan Green Infrastructure Fund («JGIF» or the «Fund»). Canadian Solar will partner with Macquarie Advisory & Capital Solutions («Macquarie»), the advisory and capital markets arm of the Macquarie Group (ASX: MQG)….

JGIF’s mission is to accelerate the development of new projects in Japan with clear monetization strategies, and expects to grant first offer rights to the Canadian Solar Infrastructure Fund («CSIF», TSE: 9284), a Japanese-listed infrastructure fund holding operating solar assets managed by Canadian Solar’s asset management subsidiary.

The Fund marks Canadian Solar’s first platform entry into the private institutional capital pool. Together with Macquarie and other cornerstone investors, the Fund has secured JPY22 billion (US$208 million) of committed capital that will be used to develop, build and accumulate new solar projects in Japan. The Fund will further consider green bond placements and project finance loans as it expands its asset portfolio.

Dr. Shawn Qu, Chairman and CEO of Canadian Solar, commented, «We are pleased to partner with Macquarie and other long-term investors to launch this new development fund. JGIF’s more dedicated capital pool will further boost our competitiveness in developing clean, sustainable and high-quality solar energy projects in Japan, leveraging our strong track record both as one of the largest solar developers in the country and as the sponsor of the Canadian Solar Infrastructure Fund. Meanwhile, we expect to deliver attractive and stable returns to our long-term capital partners, including insurance companies and asset managers, who are searching for yield and looking to deploy capital to advance the clean energy transition.»

JGIF is managed as an approved 13X fund management company regulated under the Monetary Authority of Singapore (MAS). Canadian Solar and Macquarie will jointly serve as general partners of the Fund, with an economic stake of 67 per cent and 33 per cent, respectively. The Fund aims to catalyze large-scale investments within its six-year fund term and will sell to managed funds or on the secondary market to maximize value.

Dr. Qu added, «As previously communicated, we are in the process of planning similar localized capital partnerships in other parts of the world, including in Latin America and Europe, which will help us accelerate the expansion of our global project development platform.»

About Canadian Solar Inc.

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 19 years, Canadian Solar has successfully delivered over 49 GW of premium-quality, solar photovoltaic modules to customers in over 150 countries. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 5.6 GWp in over 20 countries across the world. Currently, the Company has over 500 MWp of projects in operation, over 5 GWp of projects under construction or in backlog (late-stage), and an additional 11 GWp of projects in pipeline (mid- to early- stage). Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

About Macquarie Group

Macquarie Group Limited (Macquarie) is a diversified financial group providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie employs 15,849 people in 31 markets. At 31 March 2020, Macquarie had assets under management of US$372.6 billion. For further information, visit www.macquarie.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the «Safe Harbor» provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as «believes,» «expects,» «anticipates,» «intends,» «estimates,» the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Japan, the U.S., India and China; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; delays in the process of qualifying to list the MSS subsidiary in the PRC; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company’s SEC filings, including its annual report on Form 20-F filed on April 28, 2020. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

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SOURCE Canadian Solar Inc.

New Trimble SX12 Scanning Total Station Adds Features and Applications for Versatile Everyday Surveying and Scanning

SUNNYVALE, Calif., Feb. 16, 2021 /PRNewswire/ — Trimble (NASDAQ: TRMB) introduced today the Trimble^® SX12 Scanning Total Station, the next iteration of its breakthrough 3D scanning total station that provides fast and efficient data capture for surveying, engineering and geospatial professionals. New features, including a high-power laser pointer and high-resolution camera system, expand capabilities in surveying and complex 3D modeling and enable new workflows in tunneling and…

The Trimble SX12 merges high-speed 3D laser scanning, Trimble VISION™ imaging technology and high-accuracy total station measurements into familiar field and office workflows for surveyors. A new green, focusable Class 1M laser pointer is safe for viewing with the naked eye, offers high-power visibility and makes it easy to see even at a distance. An improved camera system provides enhanced pointing and site documentation capabilities.

«The new SX12 adds more features and applications to an already widely adopted, field-proven scanning total station,» said Gregory Lepere, marketing director of Optical and Imaging for Trimble Geospatial. «The addition of a premium laser pointer completes the picture for surveyors wanting an instrument that can operate as an everyday high-end total station with the added value of scanning and imagery.»

Software Enables Rich Data Capture for Infrastructure, Tunneling and Underground Mining Projects

The Trimble SX12 allows users to quickly and easily operate with common survey workflows, including new versions of Trimble’s industry-leading field and office software.

With Trimble Access™ 2021 Field Software, users can harness the full potential of the Trimble SX12, whether performing accurate measurements or comparing 3D scanning as-built data in the field. The combination is ideal for infrastructure projects such as utilities, roads, rail, water, transportation and telecom. With the laser pointer, it also enables new applications for laser-guided drilling and excavation guidance, rock bolt and blast hole set out, and as-built verification for underground tunnel and mine construction.

By integrating rich data from the Trimble SX12 into intuitive office workflows, Trimble Business Center version 5.40 enables users to quickly create complete customer deliverables. With its enhanced point cloud management, eCogAI™ automated information extraction, and interoperability to leading CAD and GIS packages, the solution empowers users to exceed even the toughest client demands. The combination also enables the capture of rich tunnel point clouds for as-built comparison, automated tunnel extraction routines and detailed 3D mesh inspection resulting in intuitive reporting deliverables for construction verification.

«Tunneling projects are highly dependent on accurate positioning to precisely control equipment and track progress in difficult underground construction environments,» said Boris Skopljak, marketing director of Monitoring and Tunneling for Trimble Geospatial. «The combination of the SX12 and new software workflows, simplifies the capture of site conditions, enabling tunneling and mining surveyors to make accurate and informed decisions without the complexity and additional cost of multiple systems.»

Availability

The Trimble SX12 is available now through Trimble’s Geospatial distribution partners. For more information, visit: geospatial.trimble.com/SX12.

About Trimble

Trimble is transforming the way the world works by delivering products and services that connect the physical and digital worlds. Core technologies in positioning, modeling, connectivity and data analytics enable customers to improve productivity, quality, safety and sustainability. From purpose built products to enterprise lifecycle solutions, Trimble software, hardware and services are transforming industries such as agriculture, construction, geospatial and transportation. For more information about Trimble (NASDAQ:TRMB), visit: www.trimble.com.

GTRMB

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SOURCE Trimble

El nuevo libro de Teresa Peréz de Cortéz, Los Sufrimientos de una Niña, una autobiografía sobre los tiempos difíciles en una la familia

BALDWIN PARK, Calif., 16 de febrero de 2021 /PRNewswire-HISPANIC PR WIRE/ — El reciente lanzamiento del libro Los Sufrimientos de una Niña por Teresa Peréz de Cortéz de la editorial Page Publishing, nos trae la historia Teresita, una niña con mucha responsabilidad otorgada desde muy temprano; nos narra las peripecias de Teresa para resistir la vida sola y sin apoyo, pero también nos demuestra la capacidad del ser humano de adaptarse y de sobrevivir a tiempos difíciles con determinación.

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Teresa Pérez de Cortez, nacida en el año 1943 en la ciudad de Guadalajara, Jalisco, México. Nació de una madre soltera, pero ella fue una mujer con muchos sufrimientos, porque ella siendo una niña, desde los ocho años de edad, se hizo cargo de su madre quien padecía del corazón.

Una historia maravillosa, que evocará un mundo de emociones, rabia, impotencia, dolor, tristeza por todas las injusticias sometidas contra nuestra protagonista, pero, sobre llenará de determinación a todos los lectores, y también de orgullo ajeno a una mujer sin barreras, que soportó dolor e injusticias, pero nunca llenó de odio su corazón.

Publicada por Page Publishing, el hermoso libro de Teresa Peréz de Cortéz, Los Sufrimientos de una Niña, nos entrega su vida y sus penas, pero también sus pequeños triunfos que ha conseguido.

Para los lectores que deseen experimentar esta hermosa experiencia, pueden hacerlo, a través de la lectura de este libro, concretando la compra de Los Sufrimientos de una Niña en cualquier tienda en línea de Apple iTunes, Amazon, Google Play o Barnes and Noble.

Para información adicional o cualquier consulta pueden contactar a Page Publishing, a través del siguiente número: 866-315-2708.

Acerca de Page Publishing:

Page Publishing es una editorial tradicional, que presta todo tipo de servicios, maneja todos los temas intrínsecos involucrados en la publicación de los libros de sus autores incluyendo la distribución en las tiendas minoristas más grandes del mundo y la generación de las regalías. Page Publishing sabe que los autores necesitan ser libres para crear, no atados a un negocio complicado con temas como la conversión de libros en línea, establecer cuentas de ventas, seguros, impuestos y temas similares. Sus autores pueden dejar atrás estos temas tan tediosos, complejos y que representan una pérdida de tiempo para ellos, y enfocarse en su pasión; escribir y crear. Aprende más en www.pagepublishing.com

Foto – https://mma.prnewswire.com/media/1438454/Teresa_Perez_de_Cortez.jpg

FUENTE Page Publishing

Consumers Energy Announces Crescent Wind Now Producing Clean Energy in Southern Michigan

HILLSDALE, Mich., Feb. 16, 2021 /PRNewswire/ — Consumers Energy announced it began ownership of 166-megawatt Crescent Wind which began producing clean, renewable energy today for residents and businesses in Michigan.

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«We are thrilled to welcome Crescent Wind to our assets powering Michigan with clean energy,» said Dennis Dobbs, vice president of enterprise project management, engineering and services for Consumers Energy. «It’s amazing to consider the addition of Crescent Wind completes a doubling of the wind energy parks we own and operate compared to a year ago.»

Crescent Wind in Hillsdale County features 60 turbines with a capacity to power about 64,000 residents. Invenergy developed and built the wind farm. Consumers Energy took ownership and operations of the facility upon its completion today.

A team of 11 highly trained full-time employees will operate the electric generation facility from a newly established service center in Jonesville, Michigan, scheduled to be completed this month.

Consumers Energy’s newest wind project represents a $246 million investment in Michigan’s clean energy infrastructure. It joins Lake Winds Energy Park, Cross Winds Energy Park, and Gratiot Farms Wind Project, which went online in late 2020, as wind energy projects Consumers Energy owns and operates.

Combined, the four Consumers Energy wind energy farms can produce enough clean, renewable energy to power about 249,600 residents.

Crescent Wind plays a key role in fulfilling the energy provider’s Clean Energy Plan, which calls for eliminating coal as an energy source, achieving net-zero carbon emissions and meeting 90% of customers’ energy needs through clean sources like renewable energy, energy waste reduction and energy storage.

Consumers Energy, Michigan’s largest energy provider, is the principal subsidiary of CMS Energy (NYSE: CMS), providing natural gas and/or electricity to 6.7 million of the state’s 10 million residents in all 68 Lower Peninsula counties.

For more information about Consumers Energy, go to ConsumersEnergy.com.

Check out Consumers Energy on Social Media

Facebook: https://www.facebook.com/consumersenergymichigan
Twitter: https://twitter.com/consumersenergy
LinkedIn: https://linkedin.com/company/consumersenergy
Instagram: https://www.instagram.com/consumersenergy

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SOURCE Consumers Energy

Inspired and The CAGE Companies Announce Exclusive Virtual Sports Agreement Across the Caribbean

NEW YORK and BETHESDA, Md., Feb. 16, 2021 /PRNewswire/ — Inspired Entertainment, Inc. («Inspired») (NASDAQ: INSE) announced today it has entered into an exclusive agreement with The CAGE Companies (An RLJ Companies Majority Owned Company) and its subsidiary, CAGE Sports BV, to offer Inspired’s multi-award winning virtual sports in CAGE’s retail outlets and interactive channels throughout the Caribbean. CAGE is a prominent video lottery and video gaming terminal operator in the Caribbean and South America.

Inspired will provide its V-Play Plug & Play™ («VPP») online and mobile product solution to CAGE’s interactive channels through online platforms and its best-in-class virtual sports to retail venues throughout the Caribbean starting in 2021. VPP includes multiple custom sports variants for CAGE customers, including virtual cricket, which Inspired will be introducing for the first time as part of its VPP solution given the popularity of cricket in the Caribbean.

«The CAGE Companies have established themselves as the Caribbean’s premier gaming route operator and Robert L. Johnson is a true visionary. We are looking forward to working with them and extending our partnership to deploy our leading content into the market,» said Brooks Pierce, President and Chief Operating Officer of Inspired. «Our virtuals have proven popular in Europe, Asia, Africa and North America and we see the Caribbean as an opportunity to showcase the strength of our overall offerings.»

CAGE and its affiliates can also sublicense the products to third-party operators in the Caribbean.

«We are thrilled to be able to offer Inspired’s leading virtual sports to our customer base in the Caribbean, providing an engaging betting experience and further complementing our sports betting business,» said Robert L. Johnson, Founder of The RLJ Companies and Co-Founder and Majority Owner of the CAGE Companies. «With Inspired’s virtuals, and cricket in particular, our customers’ favorite sports seasons don’t have to end and our retailers can enjoy the financial benefits of the extended season.»

«We look forward to starting up our virtual sports operations in a number of Caribbean countries where CAGE Sports has existing licenses or management agreements during the late first quarter/early second quarter 2021,» said Robert B. Washington, Co-Founder, Chairman and CEO of the CAGE Companies. «We are also excited about partnering with Inspired in creating new ‘Caribbean Legends of Cricket’ virtual sports games which we believe will create customer excitement in the Caribbean community and beyond,» stated Robert B. Washington.

Inspired’s pioneering virtual sports are popular worldwide, appealing to a wide variety of players through more than 40,000 retail channels and 100+ websites in 35 countries. Trailers and demos of the latest virtual sports offerings are available at www.inseinc.com/virtuals/.

About Inspired Entertainment, Inc.

Inspired offers an expanding portfolio of content, technology, hardware and services for regulated gaming, betting, lottery, social and leisure operators across retail and mobile channels around the world. The Company’s gaming, virtual sports, interactive and leisure products appeal to a wide variety of players, creating new opportunities for operators to grow their revenue. The Company operates in approximately 35 jurisdictions worldwide, supplying gaming systems with associated terminals and content for more than 50,000 gaming machines located in betting shops, pubs, gaming halls and other route operations; virtual sports products through more than 44,000 retail channels; digital games for 100+ websites; and a variety of amusement entertainment solutions with a total installed base of more than 19,000 devices. Additional information can be found at www.inseinc.com.

Forward Looking Statements

This news release may contain «forward-looking statements» within the meaning of the «safe harbor» provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as «anticipate,» «believe,» «expect,» «estimate,» «plan,» «will,» «would» and «project» and other similar expressions that indicate future events or trends or are not statements of historical matters. These statements are based on Inspired’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events.

Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of Inspired’s control and all of which could cause actual results to differ materially from the results discussed in the forward-looking statements. Accordingly, forward-looking statements should not be relied upon as representing Inspired’s views as of any subsequent date, and Inspired does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as required by law. You are advised to review carefully the «Risk Factors» section of Inspired’s annual report on Form 10-K for the fiscal year ended December 31, 2019 and in Inspired’s subsequent quarterly reports on Form 10-Q, which are available, free of charge, on the U.S. Securities and Exchange Commission’s website at www.sec.gov.

Contact:

For Investors
Aimee Remey
aimee.remey@inseinc.com
+1 646 565-6938

For Press and Sales
inspiredsales@inseinc.com

About The RLJ Companies

The RLJ Companies, founded by Robert L. Johnson, is an innovative business network that provides strategic investments in a diverse portfolio of companies. Within The RLJ Companies portfolio, Johnson owns or holds interests in businesses operating in a publicly traded hotel real estate investment trust; private equity; 401k fintech services; automobile dealerships; content streaming; gaming and sports betting. The RLJ Companies is headquartered in Bethesda, MD with affiliate operations in Charlotte, NC, Little Rock, AR and San Juan, PR. Prior to founding The RLJ Companies, Johnson founded and was chairman of Black Entertainment Television (BET).
For more information visit: www.RLJcompanies.com.
For media inquiries, contact: Michelle Curtis at press@RLJcompanies.com or 301-280-7701

About the «CAGE Companies»

CAGE Companies are focused on the installation, operation and management of video lottery and video gaming terminals, linked gaming systems and game content including Sports Betting and Virtual Sports games throughout the Caribbean and South America. The CAGE Companies were co-founded by Robert L. Johnson and Robert B. Washington in 2004 for the purpose of bringing superior Video Lottery Terminals («VLTs») and Video Gaming Machines («VGMs»), central computer systems and exciting, new downloadable game content to targeted South America and Caribbean countries with the goal of enhancing local economies and creating local entrepreneurial and employment opportunities. CAGE has deployed over 3,000 VLTs and VGMs into its existing markets. The CAGE Companies is headquartered in St. Thomas, US Virgin Islands and in Cyprus with offices and/or operations in Antigua and Barbuda, Barbados, Bermuda, Guyana, the Dominican Republic, St. Kitts and Nevis, St Lucia, Sint Maarten and Puerto Rico.

For more information visit: www.caribbeancage.com
For media inquiries, contact: Janet Davila-Washington, jdavila@caribbeancage.com or (340) 777-9023 or (787) 758-8650

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SOURCE Inspired Entertainment, Inc.