Kia K5 Midsize Sedan And Sorento SUV Named Among The «Best New Cars For 2021» By Autotrader

IRVINE, California, Feb. 12, 2021 /PRNewswire-HISPANIC PR WIRE/ — Two of Kia’s newest and most popular models, the K5 midsize sedan and the Sorento SUV, have been named among the «Best New Cars for 2021» by Autotrader, marking the latest industry awards for Kia’s world-class model lineup.

<img id="prnejpgd33dleft" title="Kia K5 Midsize Sedan and Sorento SUV Named Among the "Best New Cars for 2021" by…

IRVINE, California, Feb. 12, 2021 /PRNewswire-HISPANIC PR WIRE/ — Two of Kia’s newest and most popular models, the K5 midsize sedan and the Sorento SUV, have been named among the «Best New Cars for 2021» by Autotrader, marking the latest industry awards for Kia’s world-class model lineup.

Kia K5 Midsize Sedan and Sorento SUV Named Among the "Best New Cars for 2021" by Autotrader

«Having two all-new models, the K5 midsize sedan and the Sorento SUV, included among Autotrader’s ‘Best New Cars for 2021’ is a testament to Kia’s commitment to design, quality, and the ownership experience,» said Sean Yoon, president, Kia Motors North America & Kia Motors America. «This latest recognition of the Kia brand shows that our dedicated philosophy of building sporty sedans and capable SUVs is resonating with customers and the experts at Autotrader.»

Autotrader praised the K5 for its head-turning exterior and a roomy, high-tech interior. In addition, the K5’s high-end options, sharp handling, and fresh new look are cited as reasons the sporty midsize sedan was so appealing. Autotrader also noted its eye-catching design, especially in GT trim, rivaled that of some German sport sedan makers.

The 2021 Sorento was noted for its ability to transform from budget-friendly SUV to a near-luxury SUV with only a few options and it was praised for its handling characteristics, particularly in the rugged X-Line trim. Comparing the all-new Sorento to the award-winning Telluride, Autotrader noted Kia has captured the spirit of its wildly popular midsize SUV in a smaller and nimbler package.   

The Autotrader Best New Cars Award is intended to benefit a broad set of shoppers by highlighting a diverse group of 12 vehicles. Each vehicle on this year’s list was agreed upon unanimously by the entire editorial and data team at Autotrader. To be considered, a vehicle must be of the current or next model-year and available for purchase at the time of the announcement. The editors capped the base price for consideration at $75,000, meaning every contender offers a significant value for the asking price. Not only is value a top priority, but vehicles are also judged on available technology and a rewarding or dynamic driving experience. Each winning vehicle must earn a score of 4.0 or higher on the editors’ 5-point evaluation scorecard to be named a 2021 Autotrader Best New Car.

About Kia Motors America
Headquartered in Irvine, California, Kia Motors America continues to top quality surveys and is recognized as one of the 100 Best Global Brands. Kia serves as the «Official Automotive Partner» of the NBA and offers a complete range of vehicles sold through a network of more than 750 dealers in the U.S., including cars and SUVs proudly assembled in West Point, Georgia.*

For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert.

*The Telluride, Sorento and K5 are assembled in the United States from U.S. and globally sourced parts.

Kia Motors America Logo

Photo – https://mma.prnewswire.com/media/1437649/K5_GT_Line_AWD.jpg
Logo – https://mma.prnewswire.com/media/812837/Kia_Motors_America_Logo.jpg

SOURCE Kia Motors America

Kia K5 Midsize Sedan And Sorento SUV Named Among The «Best New Cars For 2021» By Autotrader

IRVINE, Calif., Feb. 12, 2021 /PRNewswire/ — Two of Kia’s newest and most popular models, the K5 midsize sedan and the Sorento SUV, have been named among the «Best New Cars for 2021» by Autotrader, marking the latest industry awards for Kia’s world-class model lineup.

IRVINE, Calif., Feb. 12, 2021 /PRNewswire/ — Two of Kia’s newest and most popular models, the K5 midsize sedan and the Sorento SUV, have been named among the «Best New Cars for 2021» by Autotrader, marking the latest industry awards for Kia’s world-class model lineup.

«Having two all-new models, the K5 midsize sedan and the Sorento SUV, included among Autotrader’s ‘Best New Cars for 2021’ is a testament to Kia’s commitment to design, quality, and the ownership experience,» said Sean Yoon, president, Kia Motors North America & Kia Motors America. «This latest recognition of the Kia brand shows that our dedicated philosophy of building sporty sedans and capable SUVs is resonating with customers and the experts at Autotrader.»

Autotrader praised the K5 for its head-turning exterior and a roomy, high-tech interior. In addition, the K5’s high-end options, sharp handling, and fresh new look are cited as reasons the sporty midsize sedan was so appealing. Autotrader also noted its eye-catching design, especially in GT trim, rivaled that of some German sport sedan makers.

The 2021 Sorento was noted for its ability to transform from budget-friendly SUV to a near-luxury SUV with only a few options and it was praised for its handling characteristics, particularly in the rugged X-Line trim. Comparing the all-new Sorento to the award-winning Telluride, Autotrader noted Kia has captured the spirit of its wildly popular midsize SUV in a smaller and nimbler package.   

The Autotrader Best New Cars Award is intended to benefit a broad set of shoppers by highlighting a diverse group of 12 vehicles. Each vehicle on this year’s list was agreed upon unanimously by the entire editorial and data team at Autotrader. To be considered, a vehicle must be of the current or next model-year and available for purchase at the time of the announcement. The editors capped the base price for consideration at $75,000, meaning every contender offers a significant value for the asking price. Not only is value a top priority, but vehicles are also judged on available technology and a rewarding or dynamic driving experience. Each winning vehicle must earn a score of 4.0 or higher on the editors’ 5-point evaluation scorecard to be named a 2021 Autotrader Best New Car.

About Kia Motors America
Headquartered in Irvine, California, Kia Motors America continues to top quality surveys and is recognized as one of the 100 Best Global Brands. Kia serves as the «Official Automotive Partner» of the NBA and offers a complete range of vehicles sold through a network of more than 750 dealers in the U.S., including cars and SUVs proudly assembled in West Point, Georgia.*

For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert.

*The Telluride, Sorento and K5 are assembled in the United States from U.S. and globally sourced parts.

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SOURCE Kia Motors America

NBI Releases Code Language That Achieves Carbon Neutral Buildings

PORTLAND, Ore., Feb. 12, 2021 /PRNewswire/ — New Buildings Institute (NBI) released today new code language that serves as a building decarbonization overlay to the 2021 International Energy Conservation Code (IECC). The Building Decarbonization Code is a…

PORTLAND, Ore., Feb. 12, 2021 /PRNewswire/ — New Buildings Institute (NBI) released today new code language that serves as a building decarbonization overlay to the 2021 International Energy Conservation Code (IECC). The Building Decarbonization Code is a groundbreaking tool aiming to deliver carbon neutral performance. It is designed to help states and cities working to mitigate carbon resulting from energy use in the built environment, which accounts for 39% of U.S. emissions. It also offers market insight into rules that will determine how new buildings are designed and constructed in the future in order to curb the worst impacts of climate change.

The recent efficiency gains in the 2021 IECC create ideal timing to offer a «decarbonization overlay» to the model code. The Building Decarbonization Code language is structured to be compatible with the current version of the IECC and covers both residential and commercial construction. The IECC is in use or adopted in 49 states, the District of Columbia, the U.S. Virgin Islands, NYC and Puerto Rico, according to the International Code Council (ICC), which manages the code’s development.

«The Building Decarbonization Code is designed to meet jurisdictions where they are,» said NBI Director of Codes Kim Cheslak, one of the developers. «We recognize that not every state and city is in a position to require all-electric construction in their next code cycle, but many jurisdictions are ready for the electric-ready or electric-preferred options for new construction,» she said.

The Building Decarbonization Code, which is part of a larger toolkit being developed for cities and states, is focused on codes for new construction with the potential of adding code language for existing buildings in a future version. While not an all-electric code, the language does prioritize efficient electric equipment and is designed to be flexible. Sections cover All-Electric and Mixed-Fuel options.

The overlay incorporates code solutions to the inclusion of key electrification technologies including solar, electric vehicles, battery storage, and demand response and is designed to enhance building-grid integration so the buildings can be effectively used as an asset to shift times when energy is used and alleviate pressure on the electricity grid during peak demand periods.

Technology choices are based on climate zone to ensure that the appropriate heating and cooling technologies are practical for the specific location. For example, electric resistance heating is not prohibited as heat pumps in cold temperature climates may require electric resistant strip heat as a practical back up. Commercial codes consider different building typologies and available technology to provide practical end use electrification. Under current technology limitations, the commercial code may not be able to fully decarbonize all end uses.

Jurisdictions may use either section of the overlay in its entirety or use portions of either or both to amend the 2021 IECC to a code that is right for adoption to meet the needs of their communities and supports their climate goals.

«Many jurisdictions have aggressive climate-related goals, and over 200 cities have made pledges to achieve 100 percent clean energy or ‘net zero’ emissions,» said Cheslak. «This new code gives them a powerful tool they can use right away.»

To learn more about building decarbonization through codes, watch an NBI on demand webinar, Getting to Zero: Carbon Neutral Codes (live session held on Jan. 28, 2021) https://newbuildings.org/webinar/getting-to-zero-carbon-neutral-codes/  

About New Buildings Institute | www.newbuildings.org

New Buildings Institute (NBI) is a nonprofit organization driving better energy performance in buildings to make them better for people and the environment. We work collaboratively with industry market players—governments, utilities, energy efficiency advocates, and building professionals—to promote advanced design practices, innovative technologies, public policies, and programs that improve energy efficiency. Our Getting to Zero website houses over 300 curated resources including guidance, educational webinars, policy models, research, case studies, and more to help all buildings achieve zero energy. Visit gettingtozeroleadership.org to learn more.

Contact:  

Stacey Hobart, NBI
291403@email4pr.com 
503-407-2148

 

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SOURCE New Buildings Institute

Spanish Broadcasting System, Inc. Announces Pricing Of $310 Million Senior Secured Notes

MIAMI, Feb. 12, 2021 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (the «Company», «we», «us», or «SBS») announced today that it has priced an offering of $310 million in aggregate principal amount of its senior secured notes due 2026 (the «Notes»). The Notes will bear interest semi-annually at a rate of 9.75% per annum and were offered at par value.

The Notes will be fully and unconditionally guaranteed on a senior secured basis by certain…

MIAMI, Feb. 12, 2021 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (the «Company», «we», «us», or «SBS») announced today that it has priced an offering of $310 million in aggregate principal amount of its senior secured notes due 2026 (the «Notes»). The Notes will bear interest semi-annually at a rate of 9.75% per annum and were offered at par value.

The Notes will be fully and unconditionally guaranteed on a senior secured basis by certain of the Company’s subsidiaries, and secured, subject to certain exceptions and permitted liens, on a first-priority basis by the Notes collateral. The closing of the offering is anticipated to take place February 17, 2021, subject to the satisfaction of customary closing conditions.

The Company intends to use the net proceeds of this offering along with cash on hand (i) to repay its 12.5% senior secured notes due 2017, (ii) along with certain other consideration, to repurchase and/or redeem all of its outstanding 10 3/4% Series B cumulative exchangeable redeemable preferred stock, $0.01 par value (the «Series B Preferred Stock») and (iii) to pay related fees and expenses.

The Notes and the related guarantees are being offered in the United States to persons reasonably believed to be «qualified institutional buyers» pursuant to Rule 144A under the Securities Act of 1933, as amended (the «Securities Act»), and to persons outside of the United States in compliance with Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

This press release is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful. This press release does not constitute a redemption notice for the Series B Preferred Stock and is not an offer to purchase or a solicitation of an offer to sell the Series B Preferred Stock.

About Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. (SBS) owns and operates radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, airing the Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and Urbano format genres. SBS also operates AIRE Radio Networks, a national radio platform of over 290 affiliated stations reaching 95% of the U.S. Hispanic audience. SBS also owns MegaTV, a network television operation with over-the-air, cable and satellite distribution and affiliates throughout the U.S. and Puerto Rico, produces a nationwide roster of live concerts and events, and owns a stable of digital properties, including La Musica, a mobile app providing Latino-focused audio and video streaming content and HitzMaker, a new-talent destination for aspiring artists. For more information, visit us online at www.spanishbroadcasting.com.

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. In some cases, you can identify forward-looking statements by the words «anticipate,» «believe,» «continue,» «could,» «estimate,» «expect,» «intend,» «may,» «might,» «objective,» «ongoing,» «plan,» «predict,» «project,» «potential,» «should,» «will,» or «would,» and/or the negative of these terms, or other comparable terminology intended to identify statements about the future. They appear in this press release and include statements regarding our intentions, beliefs or current expectations. These statements, by their nature, involve substantial risks and uncertainties, certain of which are beyond our control, and actual results may differ materially depending on a variety of important factors, including, but not limited to, our substantial indebtedness and high leverage, our highly competitive industry, our ongoing response to the COVID-19 pandemic, our dependency on revenue and operating income from a limited number of markets, unpredictability of sales in the advertising industry, our ability to attract listeners, viewers and advertisers to our broadcast radio and television operations, the popularity and appeal of our content, our ability to maintain and renew distribution agreements, impact from tax reform and any new tax legislation, our ability to respond to rapid changes in technology, content creation, services and standards, our ability to protect our business from cybersecurity risks, performance of key employees, on-air talent and program hosts, reputational damage to our brands and legal or governmental proceedings and regulatory and other legislative compliance, including compliance with the Federal Communications Commission. All forward-looking statements made herein are qualified by these cautionary statements and risk factors and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. We do not have any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances.

Contacts:
Analysts and Investors
José I. Molina
Chief Financial Officer
(305) 441-6901

 

SOURCE Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. Announces Pricing Of $310 Million Senior Secured Notes

MIAMI, Feb. 12, 2021 /PRNewswire/ — Spanish Broadcasting System, Inc. (the «Company», «we», «us», or «SBS») announced today that it has priced an offering of $310 million in aggregate principal amount of its senior secured notes due 2026 (the «Notes»). The Notes will bear interest semi-annually at a rate of 9.75% per annum and were offered at par value.

The Notes will be fully and unconditionally guaranteed on a senior secured basis by certain of the Company’s…

MIAMI, Feb. 12, 2021 /PRNewswire/ — Spanish Broadcasting System, Inc. (the «Company», «we», «us», or «SBS») announced today that it has priced an offering of $310 million in aggregate principal amount of its senior secured notes due 2026 (the «Notes»). The Notes will bear interest semi-annually at a rate of 9.75% per annum and were offered at par value.

The Notes will be fully and unconditionally guaranteed on a senior secured basis by certain of the Company’s subsidiaries, and secured, subject to certain exceptions and permitted liens, on a first-priority basis by the Notes collateral. The closing of the offering is anticipated to take place February 17, 2021, subject to the satisfaction of customary closing conditions.

The Company intends to use the net proceeds of this offering along with cash on hand (i) to repay its 12.5% senior secured notes due 2017, (ii) along with certain other consideration, to repurchase and/or redeem all of its outstanding 10 3/4% Series B cumulative exchangeable redeemable preferred stock, $0.01 par value (the «Series B Preferred Stock») and (iii) to pay related fees and expenses.

The Notes and the related guarantees are being offered in the United States to persons reasonably believed to be «qualified institutional buyers» pursuant to Rule 144A under the Securities Act of 1933, as amended (the «Securities Act»), and to persons outside of the United States in compliance with Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

This press release is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful. This press release does not constitute a redemption notice for the Series B Preferred Stock and is not an offer to purchase or a solicitation of an offer to sell the Series B Preferred Stock.

About Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. (SBS) owns and operates radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, airing the Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and Urbano format genres. SBS also operates AIRE Radio Networks, a national radio platform of over 290 affiliated stations reaching 95% of the U.S. Hispanic audience. SBS also owns MegaTV, a network television operation with over-the-air, cable and satellite distribution and affiliates throughout the U.S. and Puerto Rico, produces a nationwide roster of live concerts and events, and owns a stable of digital properties, including La Musica, a mobile app providing Latino-focused audio and video streaming content and HitzMaker, a new-talent destination for aspiring artists. For more information, visit us online at www.spanishbroadcasting.com.

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. In some cases, you can identify forward-looking statements by the words «anticipate,» «believe,» «continue,» «could,» «estimate,» «expect,» «intend,» «may,» «might,» «objective,» «ongoing,» «plan,» «predict,» «project,» «potential,» «should,» «will,» or «would,» and/or the negative of these terms, or other comparable terminology intended to identify statements about the future. They appear in this press release and include statements regarding our intentions, beliefs or current expectations. These statements, by their nature, involve substantial risks and uncertainties, certain of which are beyond our control, and actual results may differ materially depending on a variety of important factors, including, but not limited to, our substantial indebtedness and high leverage, our highly competitive industry, our ongoing response to the COVID-19 pandemic, our dependency on revenue and operating income from a limited number of markets, unpredictability of sales in the advertising industry, our ability to attract listeners, viewers and advertisers to our broadcast radio and television operations, the popularity and appeal of our content, our ability to maintain and renew distribution agreements, impact from tax reform and any new tax legislation, our ability to respond to rapid changes in technology, content creation, services and standards, our ability to protect our business from cybersecurity risks, performance of key employees, on-air talent and program hosts, reputational damage to our brands and legal or governmental proceedings and regulatory and other legislative compliance, including compliance with the Federal Communications Commission. All forward-looking statements made herein are qualified by these cautionary statements and risk factors and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. We do not have any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances.

Contacts:
Analysts and Investors
José I. Molina
Chief Financial Officer
(305) 441-6901

 

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SOURCE Spanish Broadcasting System, Inc.

The Companies To Watch As Green Tech Booms in 2021

LONDON, Feb. 12, 2021 /PRNewswire/ — There’s no denying that last year was an incredible year for electric vehicle stocks. Elon Musk briefly took the crown of the richest man in the world thanks to Tesla’s shocking 750% climb…And a Chinese competitor, Nio Inc., rose by a remarkable 1295% over the same amount of time.  Mentioned in today’s commentary includes:  Bloom Energy Corp. (NYSE: BE), Intel Corporation (NASDAQ: INTC), Alphabet Inc.

LONDON, Feb. 12, 2021 /PRNewswire/ — There’s no denying that last year was an incredible year for electric vehicle stocks. Elon Musk briefly took the crown of the richest man in the world thanks to Tesla’s shocking 750% climb…And a Chinese competitor, Nio Inc., rose by a remarkable 1295% over the same amount of time.  Mentioned in today’s commentary includes:  Bloom Energy Corp. (NYSE: BE), Intel Corporation (NASDAQ: INTC), Alphabet Inc. (NASDAQ: GOOGL), Electra Meccanica Vehicles Corp (NASDAQ: SOLO), Fisker (NYSE: FSR).

While those who didn’t buy in on these two giants while they were cheap may feel that they’ve missed the rally…that couldn’t be further from the truth. The story is much larger, and there are other EV and EV-related stocks that continue to have tons of room to run. There are even stocks that are flying completely under Wall Street’s radar–and they could even see gains that exceed those of Tesla or Nio. 

Nothing screams the «next Tesla» like Fisker (NYSE:FSR), an EV maker that is betting on futuristic and fully recyclable materials, headed up by a legend in automotive design …Or even a tech company creating its own green ecosystem like Facedrive (FD,FDVRF), a leading Canadian startup that’s got several EV verticals, including its recent acquisition of Steer– a Washington, DC-based EV subscription company that is looking to upend the auto industry by completely transforming the notion of car ownership as we know it.

Anything EV Is Golden Right Now

Yes, EVs are golden …. Biden’s victory, a global clean energy push and the ongoing pandemic are the main drivers behind a $40-trillion energy transition of which electrified transportation will be the lion share. 

Yes, Tesla will continue to surprise the markets, and for short-sellers who lost $40 billion betting against the EV behemoth, it’s time to look for a new gig. 

Fisker, for example is much like a Tesla type EV maker: It’s working on fresh EV concepts, and has a legend behind the wheel in the form of Henrik Fisker. And don’t be fooled, it’s not just another EV SUV–it’s a vehicle constructed with recyclable parts, something that pleases activist investors and huge institutional funds that are looking for the next epic investment that could mimic Tesla.

Fisker isn’t going to start producing its famed Ocean SUV until 2023, with significant revenues coming in from advance orders not expected until late 2021. This may be a reason for Wall Street’s elite not to go long on Fisker, but may just be the perfect opportunity for investors to get in on the ground floor of what could become the next big EV producer. 

Next to Fisker, there’s Facedrive – one of the front-runners of Canada’s ‘Silicon Valley’—and another EV related success. We like the flagship carbon-offset ride-sharing and food delivery side their business, but we’re extremely excited about their recent acquisition of Steer. 

Why?

Because this isn’t just the start of the golden age of EVs … it’s the start of a completely different lifestyle. 

Facedrive (FD,FDVRF) added Steer to their growing list of acquisitions in September 2020, and we expect the news flow to increase over the next few months as two of the most innovative EV-linked tech companies combine their forces to upend car ownership in North America. 

Steer isn’t anything like your average car rental company (Hello Hertz). It offers consumers their own private EV showroom (virtual, of course), sporting on-demand EV delivery for consumers, offering a flexible alternative to car ownership. 

Steer users are able to drive the newest and hottest EVs on the market. The platform offers something for all budgets and tastes. Forget about the extra insurance – it’s all included in the price. No maintenance. No hassle whatsoever. It’s simply the most revolutionary app in on-demand EVs so far. Facedrive stock has pulled back over the last few days after going on a bit of a tear. There appears to be support at this level and this could be a good entry point for new investors.

Exelon, a $40B market cap energy giant is a strategic partner in Steer. And with everyone switching to EVs … the next stock to watch is Electra Meccanica Vehicles Corp (NASDAQ:SOLO).

SOLO is another up-and-coming electric vehicle producer to watch. It’s turning heads on the street and on Wall Street with its sleek and unique single-seat electric vehicles. The Canadian company’s electric car carries a lower, and more appealing price point for consumers that do not need all the bells and whistles that come with luxury brands like Tesla and NIO or even conventional Detroit classics like GM and Ford. It’s also on the cusp of an emerging market. In fact, demand for single-seat electric vehicles are projected to grow significantly in the coming years, and SOLO is one of the few companies in this market, representing a great opportunity for investors looking for an easy-entry EV stock with a lot of potential upside.

Electric Meccanica isn’t focused solely on the single-seat niche, however. It’s also planning to roll out an electric sports car for two, the Tofino, and another electric two-seater boasting an old-school design that will appeal to a wide range of consumers.  From classic car lovers to EV fanatics, it’s latest fleet will definitely generate some headlines and water cooler conversations. Given that the stock is only trading at $8 at the moment, there is a lot of room to grow. And early investors in Electra Meccanica could stand to see some substantial returns.

Though electric vehicle companies are getting most of the attention, autonomous vehicles should not be ignored. Robot cars will not only reduce emissions, but completely change the idea of car ownership as we know it. And Alphabet Inc. (NASDAQ:GOOGL) is, without a doubt, a leader in this burgeoning industry.

Waymo, a subsidiary of Alphabet, has had cars driving themselves across the United States for several years. In fact, in Arizona alone, Alphabet’s self-driving cars have logged over 6.1 million miles. To put that in perspective, that means that Alphabet’s autonomous cars have driven the distance between New York City and San Francisco over 2100 times. Or, as the company explains, «over 500 years of driving for the average licensed US driver.» Even more impressive, however, the vehicles were only involved in 47 «contact events», and the vast-majority of the collisions were the result of human error and none resulted in any sort of severe injury for anyone involved.

Though these tests are very promising for Alphabet’s Waymo, there are still some hurdles to overcome. First and foremost, these lengthy trials took place in Phoenix, a city not exactly known for extreme weather. Second, an issue that may frustrate many drivers, the vehicles operated in a sort of hyper-cautious mode, driving at slower speeds and taking sometimes unnecessary precautions to avoid conflict.

Though Alphabet has received much of the credit for these massive feats, a widely loved and wildly popular chipmaker is actually the driving force in these endeavors. Intel Corporation (NASDAQ:INTC) and Waymo teamed up nearly half-a-decade ago, and have worked together to fine tune this futuristic technology together ever since. Through their mutual knowledge of hardware and software, the tech giants have made leaps and bounds towards building the car of the future.

And Intel isn’t one to be pigeonholed into a sole industry, either. In addition to its efforts with Waymo, Intel has also been on the forefront of developing its own artificial intelligence and vision hardware. Back in 2017, it acquired MobileEye, a supplier of camera-based chips and software to the global mobile industry. And now, in a new deal with Luminar, another emerging tech company on the forefront of this movement, Intel is positioning itself as its own giant of this new sector.

LIDAR technology will play a massive role in the future of not only self-driving cars, but also in the advancement of robots, mapping, security and more. The world is ever-changing and these industries will help shape the future as we know it, and Intel is acutely aware of this. While the electric vehicle industry is grabbing headlines today, Intel is already looking to the future. And that bodes well with investors looking to capitalize on these trends.

With Big Tech and upstarts like SOLO and Fisker getting so much attention, some alternative fuel companies are flying under the radar, and that could be beneficial for those who jump on this train early. Take Bloom Energy Corp. (NYSE:BE), for example. Bloom designs, manufactures and sells solid-oxide fuel cell systems. And, yes, there’s been a ton of cash burn up to this point, but it’s heralding massive innovation–and that’s what tech startups are all about. Growth runways, not immediate profit.

That’s why we are willing to throw tons of money at our innovative future. Eventually, the narrative changes and for the successful companies, the cash burn stops and there starts to be payback for investors. Anyone who didn’t get in on time got left in the innovation dust.

That’s what’s already happening with Bloom. Savvy investor patience is paying off. Bloom is now on track to be the first fuel cell maker to become cash-flow positive. And this could all be about to get even bigger. Why? Because this relatively small company is thinking in huge terms: We’re not just talking about fuel cells for construction vehicles or to power remote electricity generation … Bloom is thinking far bigger than that. It’s targeting utility-scale applications of fuel cells and industrial-scale applications, and drawing in some very big names in the process.

Each one of these innovative tech companies are set to ride the Tesla wave in a time where EVs are set to transform the world.

By. Chloe Mole

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Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements.  Forward looking statements in this publication include that the demand for ride sharing services will grow; that Steer can help change car ownership in favor of subscription services; that new tech deals will be signed by Facedrive and deals signed already will increase company revenues; that Facedrive will be able to expand to the US and globally; that Facedrive will be able to fund its capital requirements in the near term and long term; and that Facedrive will be able to carry out its business plans. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.  Risks that could change or prevent these statements from coming to fruition include that riders are not as attracted to EV rides as expected; that competitors may offer better or cheaper alternatives to the Facedrive businesses; changing governmental laws and policies; the company’s ability to obtain and retain necessary licensing in each geographical area in which it operates; the success of the company’s expansion activities and whether markets justify additional expansion; the ability of the company to attract drivers who have electric vehicles and hybrid cars; and that the products co-branded by Facedrive may not be as merchantable as expected. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

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This communication is not a recommendation to buy or sell securities. Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively «the Company») owns a considerable number of shares of FaceDrive (FD.V) for investment, however the views reflected herein do not represent Facedrive nor has Facedrive authored or sponsored this article. This share position in FD.V is a major conflict with our ability to be unbiased, more specifically:

This communication is for entertainment purposes only. Never invest purely based on our communication. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the featured company. Frequently companies profiled in our alerts experience a large increase in volume and share price during the course of investor awareness marketing, which often end as soon as the investor awareness marketing ceases. The information in our communications and on our website has not been independently verified and is not guaranteed to be correct.

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SOURCE Oilprice.com

Total CBRS RAN Investments to Approach $2 B, According to Dell’Oro Group

REDWOOD CITY, Calif., Feb. 12, 2021 /PRNewswire/ — According to a newly published forecast report by Dell’Oro Group, the trusted source for market information about the telecommunications, networks, and data center IT industries, the overall CBRS market sentiment remains healthy and cumulative investments are projected to approach $2 B over the forecast period (2020 to 2025).

REDWOOD CITY, Calif., Feb. 12, 2021 /PRNewswire/ — According to a newly published forecast report by Dell’Oro Group, the trusted source for market information about the telecommunications, networks, and data center IT industries, the overall CBRS market sentiment remains healthy and cumulative investments are projected to approach $2 B over the forecast period (2020 to 2025).

«We remain optimistic about the CBRS opportunity, but we have revised the outlook downward over the near-term to reflect the slower than expected CBRS uptake beyond Part 90Z to Part 96 driven deployments,» said Stefan Pongratz, Vice President and analyst at the Dell’Oro Group. «This downward adjustment does not change the long-term vision—we continue to believe that there is an opportunity to improve spectrum utilization while at the same time stimulating innovation for both public and private networks across various industry segments. So we see this downward adjustment more as a minor calibration reflecting the improved short-term visibility,» continued Pongratz.

Other highlights from the CBRS RAN January 2021 5-Year Forecast Report:

  • CBRS RAN revenues are projected to approach one percent of cumulative global RAN investments for the 2020 to 2025 period.
  • Fixed Wireless Access and capacity augmentation for MBB applications are dominating the CBRS RAN capex mix initially while the enterprise share is expected to improve in the outer part of the forecast period.
  • Total CBRS revenues are projected to advance more than 3-fold between 2020 and 2025.

About the Report
Dell’Oro Group’s Advanced Research: Citizen Broadband Radio Service (CBRS) Report offers an overview of the CBRS LTE and 5G NR potential with a 5-year forecast for the CBRS RAN market by technology, location, and market along with an analysis about the vendor landscape. For more information about the report, please contact us at dgsales@delloro.com.

About Dell’Oro Group
Dell’Oro Group is a market research firm that specializes in strategic competitive analysis in the telecommunications, networks, and data center IT markets.  Our firm provides in-depth quantitative data and qualitative analysis to facilitate critical, fact-based business decisions.  For more information, contact Dell’Oro Group at +1.650.622.9400 or visit www.delloro.com

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SOURCE Dell’Oro Group

AES Partners with Adapt2 Solutions to Scale Operations and Support Innovation in the Energy Sector

HOUSTON, Feb. 12, 2021 /PRNewswire-PRWeb/ — Adapt2 Solutions, a leading provider of AI enabled multi-market operations and trading software, today announced a new partnership with <a target="_blank"…

HOUSTON, Feb. 12, 2021 /PRNewswire-PRWeb/ — Adapt2 Solutions, a leading provider of AI enabled multi-market operations and trading software, today announced a new partnership with The AES Corporation to support their power scheduling, settlements and renewable operations in the PJM Interconnection (PJM), Electric Reliability Council of Texas (ERCOT) and California Independent System Operator (CAISO). In the process of scaling operations with the addition of green assets and a new Market Dispatch Center, AES will leverage Adapt2’s modernized Bid-to-Bill (B2B) solution to streamline market bidding, scheduling, ISO settlements, PPAs, and contract settlements.

«AES is a leader in clean energy, and with the expansion of our new smart operations center to include even more renewable assets, we had to ensure we had the right people, processes, and technology in place,» said Tim Bockhorn, AES Market Operations. «During the selection process, Adapt2 not only met but exceeded all our ISO operation and technology expectations. We need to adopt and integrate the best technology available to properly scale our global operation initiatives. Adapt2 Solutions was the clear choice to achieve that goal.»

Adapt2’s multi-market platform hosted on Azure cloud is a mission critical part of their energy management operations. AES will automate front and back office functionalities to focus on constructing and reformatting operations as they accelerate the future of energy with smarter, more sustainable energy solutions. As the world’s leading battery-based energy storage company, AES will leverage Adapt2 for seamless integration of battery storage energy data into their front and back office operations enabling optimization of their growing fleet of solar generation. Powered by Adapt2’s Bid-to-Bill (B2B) SaaS solution, AES will adopt a scalable infrastructure prime for future growth and expansion including predictive insights vital to an evolving world to better forecast supply and demand.

«Aligned in our vision for both digital transformation and green energy future, we look forward to working with AES on this project and continuing to deliver safe, reliable and sustainable energy solutions to better serve all markets,» said Jason Kram, Executive Vice President of Adapt2 Solutions.

Enabled by AI and big data, Adapt2 B2B is market-tested to provide participants across all North American ISO energy markets with a strategic advantage in terms of significant efficiencies for all elements in the bid to bill process.

To learn more about how Adapt2 is accelerating power and gas market operations, visit https://www.adapt2solutions.com/ or follow Adapt2 on LinkedIn @Adapt2 Solutions for more information on upcoming energy management webinars.

About Adapt2 Solutions:
Adapt2 Solutions (Adapt2) is the leading provider of AI enabled multi-market operations software designed to help market participants streamline all of their front and back office operations. Founded in 2008, Adapt2 delivers market-based solutions on the latest and most current technologies providing customers with fast, intuitive and stable user experience and performance. With over 150 market implementations representing over 2500 market participants, Adapt2 is a leading solution provider in the energy industry. Adapt2 Solutions is a privately held company based in Houston, Texas. To learn more about Adapt2, please visit http://www.adapt2solutions.com.

About The AES Corporation
The AES Corporation is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we’re improving lives by delivering the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today. For more information, visit http://www.aes.com. Follow AES on Twitter @TheAESCorp.

Media Contact

Carla Hartman – Director of Marketing, Adapt2 Solutions, +1 (330) 338-4214, carla.hartman@adapt2solutions.com

Twitter

 

SOURCE Adapt2 Solutions

Green Goo Introduces New Line of Natural Toothpastes in Recyclable Sugarcane Packaging

LYONS, Colo., Feb. 12, 2021 /PRNewswire-PRWeb/ — Women-owned body care and first aid brand Green Goo, under parent company Sierra Sage Herbs, is excited to announce the launch of its new line of <a target="_blank"…

LYONS, Colo., Feb. 12, 2021 /PRNewswire-PRWeb/ — Women-owned body care and first aid brand Green Goo, under parent company Sierra Sage Herbs, is excited to announce the launch of its new line of all-natural toothpastes in eco-friendly sugarcane packaging.

Green Goo plant-based toothpastes, each made with peppermint oil and enriched with aloe vera and calendula, freshen breath, brighten and clean teeth, soothe gums, and promote good oral hygiene. Previously available in its original peppermint-flavored option, Green Goo’s new toothpaste varieties are:

  • Chlorophyll – Rich in minerals and nutrients, Green Goo Chlorophyll Toothpaste rids the mouth of bacteria, eliminates bad breath, reduces gingivitis, and soothes common gum disorders.
  • Hemp Seed Oil – Fortified with minerals, proteins, omega-3 and omega-6, and vitamins, Green Goo Hemp Seed Oil Toothpaste naturally whitens teeth and prevents tooth decay and gum disease, while its anti-inflammatory properties help support sensitive teeth and gums.

Notably, Green Goo also made the shift from plastic to sugarcane packaging for its new line of toothpastes. The new, eco-friendly sugarcane squeeze tubes are BPA free, 100% recyclable, ISO certified, and FDA approved. In contrast to conventional petroleum-based packaging, sugarcane is sustainable, renewable, and absorbs greenhouse gases.

«We are always trying to find ways to innovate and improve,» said Green Goo CEO and Co-Founder Jodi Scott. «Making the switch to sugarcane packaging for our new toothpastes feels like a necessary progression for us and a natural extension of who we are as a brand. These amazing packages help us to reduce landfill, cut back greenhouse gas emissions, and lessen our overall carbon footprint.»

Additionally, Green Goo is also introducing new, biodegradable bamboo toothbrushes engraved with the brand’s logo in an eco-conscious case to coincide with the release of its toothpastes.

Green Goo toothpastes in 4 oz. sugarcane squeeze tubes in all three varieties, as well as its bamboo toothbrushes, are available via GreenGoo.com.

###

Media Contact:
Shea Martin, Vice President of Public Relations
shea@greengoohelps.com
T: 917-903-2795
http://www.greengoo.com

Facebook/Instagram/Twitter — @greengoohelps
#PlantsWithPurpose #SpreadGoodness

About Green Goo
Formed in 2008, Green Goo is a women-owned, family-operated, B-Corp. Our products are cruelty free and made in the USA with all-natural ingredients. We started small, making products for friends, family, and the local farmer’s market, and we have now grown into a thriving, value-driven company. As we evolve, we remain committed to our roots: a time-honored infusion process, high-quality ingredients, and simple, effective products that are safe for you, your family, and the environment.

Media Contact

Shea Martin, Green Goo, 917-903-2795, shea@greengoohelps.com

 

SOURCE Green Goo

PICS Telecom Awarded the 2020 Verizon Supplier Sustainability Award

BRISTOL, England, Feb. 12, 2021 /PRNewswire/ — PICS Telecom has been selected as the winner of Verizon’s global supplier sustainability award for 2020.

Awarded by James J. Gowen, Chief Sustainability Officer at Verizon, the award was given in recognition of the collaboration between PICS and Verizon, in support of Verizon’s sustainability efforts across the globe, through the recovery, redeployment, re-use and recycling of surplus assets across their vast…

BRISTOL, England, Feb. 12, 2021 /PRNewswire/ — PICS Telecom has been selected as the winner of Verizon’s global supplier sustainability award for 2020.

Awarded by James J. Gowen, Chief Sustainability Officer at Verizon, the award was given in recognition of the collaboration between PICS and Verizon, in support of Verizon’s sustainability efforts across the globe, through the recovery, redeployment, re-use and recycling of surplus assets across their vast network estate.

In 2019, the world generated a striking 53.6 Mt of e-waste, an average of 7.3 kg per capita (The Global E-waste Monitor 2020).

If a process cannot be maintained at a certain rate or level, by definition, it is unsustainable. End of life network assets falling into landfills is an unsustainable practice. Verizon and PICS work collectively to develop sustainable systems, while setting out to reuse and recycle our existing waste to move forward towards a greener and brighter future.

«PICS is proud to receive this award from our partners at Verizon. This award is not just a testament to the PICS ethos of helping our partners deal with their networks in the most sustainable, green fashion but it is also a testament to Verizon’s commitment to be a leader in sustainability practice on a global scale.»
– Tim Williams CEO/President PICS Telecom

About PICS

PICS Telecom is a leading global reseller of new and used telecom and data equipment, backed with 28+ years of industry experience within the circular economy. We support network operators of all sizes across the globe with green solutions to upgrade, maintain and extend the life of their networks.

To learn more about our circular economy solutions click here.

PICS offers a fully transparent, comprehensive asset management service which allows our partners to sustainably purchase, re-reuse, refurbish, re-sell and recycle network equipment whether Optical, wireless, IP, CPE or anything in between.

Our team at PICS Telecom consists of a global collaboration of industry specialists that total over 400 years of combined experience in helping our partners reach their CAPEX, OPEX and environmental goals.

For more information about PICS’ award winning solutions visit www.picstelecom.com.

Media Contact:
marketing@picstelecom.com 

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SOURCE PICS Telecom