Colt DCS European operations go 100% green

LONDON, Feb. 8, 2021 /PRNewswire/ — Colt Data Centre Services (DCS) today announced that its operations across the UK and Europe are fully powered by 100% renewable power. Colt DCS has also committed to providing green power to sister company Colt Technology Services and its customers using DCS data centres in the region, in an effort to help them also reduce their own carbon emissions….

LONDON, Feb. 8, 2021 /PRNewswire/ — Colt Data Centre Services (DCS) today announced that its operations across the UK and Europe are fully powered by 100% renewable power. Colt DCS has also committed to providing green power to sister company Colt Technology Services and its customers using DCS data centres in the region, in an effort to help them also reduce their own carbon emissions. Across the UK and Europe, Colt DCS currently operates 17 carrier neutral data centres, with three in London.

These pledges align with Colt DCS and Colt Technology Services’ joint commitment to becoming a market leader in sustainability, as both companies begin their transitions to support a zero-carbon economy. The data centre provider has also committed to setting ambitious, science-based emission reduction targets which will be finalised in 2021.

Colt DCS Director of Energy and Sustainability, Scott Balloch said: «Our accelerated transition to renewable energy is just the first step in our journey to becoming more sustainable as a business and industry, with much more to come. At Colt DCS, we believe the responsibility lies with us as an industry to lead the way, generate our own high standards for sustainability, and present these to governments. That is why we are currently developing impactful, science-based metrics that we can hold ourselves accountable to.»

Colt DCS and Colt Technology Services are developing an ambitious sustainability strategy underpinned by both companies’ visions on becoming the most customer-focused across the industry. Colt wants to enable its customers to reach their own sustainability goals by being a strategic partner of choice who is passionate and proactive in driving change across the industry.

Within its existing workforce Colt has already established a global ‘Green Team’ who have already implemented several initiatives including minimising the use of plastic bottles and cups across its entire estate, the use of more efficient LED lighting within its data centres and offices as well as promoting cycling initiatives for its employee base.

«We want to be leaders in changing the way the industry thinks about becoming more sustainable, and it’s something that is becoming increasingly important to people making informed decisions about what organisations they want to build and progress their careers with. It is something that is important to a lot of the millennial workforce, so force is crucial to embed within our organisation in order to attract future talent,» added Balloch.

Caroline Griffin Pain, General Counsel for Colt, adds: «We couldn’t be prouder that Colt DCS is transforming the way that we operate by ensuring we are using renewable power across all our European and UK sites. Together we are embarking on a critical journey to become more sustainable. As an industry who has a significant impact on the environment, we have to make the changes to ensure we are doing everything we can to ensure our carbon footprint is reduced and we are creating a future we can be proud of.»

For more information about Colt DCS, please visit http://www.coltdatacentres.net.

About Colt DCS 

Colt Data Centre Services provide true service and operational excellence in the design, build, delivery and operational management of hyperscale data centres and hybrid cloud solutions to our customers across Europe and Asia Pacific. 

We have over 25 years of experience in operating 26 state-of-the-art carrier neutral data centres across 18 cities, offering 24/7 security and local language support. 

Our connectivity and colocation solutions allow our customers freedom to plan effectively for the growth of their business, knowing that their data centre strategy is ready for the demands of tomorrow. http://www.coltdatacentres.net/

About Colt

Colt strives to transform the way the world works through the power of connectivity, taking what’s always been in its DNA to enable customers’ success. The Colt IQ Network connects more than 900+ data centres and over 29,000 on net buildings across Europe, Asia and North America’s largest business hubs.

Colt understands today’s shifting connectivity requirements and provides agile, on-demand and secure high bandwidth networking and voice solutions to ensure enterprises can thrive. Customers include data-intensive organisations spanning over 210 cities in more than 30 countries. Colt is a recognised innovator and pioneer in Software Defined Networks (SDN) and Network Function Virtualisation (NFV). Privately owned, Colt is one of the most financially sound companies in the sector, and because of this, it’s able to put its customers’ needs at its core. For more information, please visit www.colt.net.

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SOURCE Colt Data Centre Services (DCS)

Ergosun integrated solar PV roof tiles are respectful with the environment and beautifully integrated into the design of the roof

MADRID, Feb. 8, 2021 /PRNewswire/ — Ergosun have created an integral solution to combine roofing materials with Solar PV system, so that this present solution could have a long-lasting positive effect on the future, while respecting the environment. It is worth mentioning that Ergosun solar roof tiles produce much less of an environmental impact than a regular PV panel and helps to reduce CO2 emissions.

Ergosun Solar Roof Tiles combine the greatness of harnessing solar…

MADRID, Feb. 8, 2021 /PRNewswire/ — Ergosun have created an integral solution to combine roofing materials with Solar PV system, so that this present solution could have a long-lasting positive effect on the future, while respecting the environment. It is worth mentioning that Ergosun solar roof tiles produce much less of an environmental impact than a regular PV panel and helps to reduce CO2 emissions.

Ergosun Solar Roof Tiles combine the greatness of harnessing solar energy while being perfectly integrated in the roof. Harmonious in appearance and nearly seamless solar tiles are easy to install, does not require additional drilling and can be connected directly to the inverter.

Ergosun Solar roof tiles are created to provide a perfect roofing and solar PV solution where 2 systems (roofing and solar power harnessing) are bonded in 1 single solar roof tile. With simple and fast install, they beautifully blend with buildings exteriors.

Ergosun tiles are ready to install product, provided with the solar module, junction box and integrated MC4 connectors, which allows the «click & play» concept to be used in the solar roof installation. It’s so easy to install, that even a normal roofer can perform the installation which means less expenses on additional installation works, and not to forget to mention, that it doesn’t need any additional framing or drilling.

Each tile can produce 15 watts of energy of peak power and due to innovative technology, it can perform with perfect results even in low light conditions. Each solar tile performs as an individual solar PV panel, and when connected into the system, they can be replaced one by one, without affecting the entire solar PV system or damaging the roof.

Ergosun Integrated solar roof tiles are easy to install, to replace and to maintain. It’s a robust and high-quality product that can withstand an installer walking on them, high loads of wind, rain, snow and hail. When installed, it actually becomes an asset that can be used for decades.

To know more about Ergosun, please visit www.ergosun.com

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SOURCE Ergosun

Amway Acclaimed by Frost & Sullivan for Adopting a Membership Model for Its Flagship eSpring™ HWT Solution

Amway’s filtration system uses UV and carbon filtration to remove contaminants and particles from water while maintaining essential minerals and nutrients

SINGAPORE, Feb. 8, 2021 /PRNewswire/ — Based on its recent analysis of the home water treatment (HWT) market, Frost & Sullivan recognizes Amway Corp.

Amway’s filtration system uses UV and carbon filtration to remove contaminants and particles from water while maintaining essential minerals and nutrients

SINGAPORE, Feb. 8, 2021 /PRNewswire/ — Based on its recent analysis of the home water treatment (HWT) market, Frost & Sullivan recognizes Amway Corp. with the 2020 Asia-Pacific Competitive Strategy Innovation and Leadership Award. In a fragmented market comprising newcomers and emerging brands, Amway stands out with its eSpring HWT offering.

«eSpring’s superior filtration capabilities can filter out over 160 contaminants, including pesticides, industrial chemicals, organic and inorganic compounds, and particulates in sizes down to 0.2 microns,» said Janice Wung, Program Manager, Industrial Business Unit, Frost & Sullivan. «Its patented smart chip technology connects and monitors water filtration cartridge life. This technology notifies users via audio and visual indicators when it is time to replace the filter cartridge to ensure a fuss-free experience. The eCoupled Wireless Power feature also completely isolates the UV bulb from the power source without the need for electrical contact. This helps combine the UV and carbon technologies into a single cartridge, making the eSpring durable and easy to replace.»

As one of the pioneer HWT brands in the region, Amway’s eSpring has an edge among many emerging brands. In 2019, eSpring experienced a 2% revenue growth because of new units sold and a proportionate increase in replacement filters. This success is primarily attributed to the Amway Business Owner (ABO) distributor team. In 2019, Amway continued in its efforts to equip its ABO team with the necessary tools, programs, and infrastructure to create sustainable business opportunities.

In addition to ABOs, Amway promotes continuous engagement through various platforms and initiatives. These platforms have been effective in disseminating information to ABOs while encouraging two-way communications. Amway has one of the most extensive aftersales service offerings and recently improved its maintenance and installation services and ensures proactive communications related to product notices.

«Consistently deploying innovative strategies through its distribution channels, superior product lineup, and excellent aftersales services, Amway continues to stay ahead of the technology and demand curve,» noted Wung.

Each year, Frost & Sullivan presents this award to the company that has leveraged competitive intelligence to successfully execute a strategy that results in stronger market share, competitive brand positioning, and customer satisfaction.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

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.

Contact:

Kala Mani.S.
P: +607-560 3656
E: Kala.Manis@frost.com

About Amway

Amway is an entrepreneur-led health and wellness company based in Ada, Michigan. It is committed to helping people live better, healthier lives – across more than 100 markets worldwide. According to Fortune magazine, it is among the Top 50 privately held, family-owned companies in the United States. Top-selling brands for Amway are Nutrilite™, Artistry™ and XS™energy drinks – all sold exclusively by entrepreneurs who are known as Amway Business Owners. Global sales of $7.9 billion made Amway the No. 1 direct selling business in the world, according to the 2020 Direct Selling News Global 100. For company news, visit www.amwayglobal.com/newsroom.

 

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SOURCE Frost & Sullivan

AETA – A Revolutionary Breakthrough in the Forecasting of Earthquakes

SHENZHEN, China, Feb. 8, 2021 /PRNewswire/ — Recently, a research team from Peking University began working on a system designed to forecast earthquakes days before they occur with promisingly accurate results. People have begun moving into the digital world of harnessing big data and training AI to greatly assist mankind.

SHENZHEN, China, Feb. 8, 2021 /PRNewswire/ — Recently, a research team from Peking University began working on a system designed to forecast earthquakes days before they occur with promisingly accurate results. People have begun moving into the digital world of harnessing big data and training AI to greatly assist mankind.

The research team has named this project AETA, which stands for ‘Acoustic Electromagnetic To AI‘. The team embarked on this mission from 2010, after two devastating earthquakes hit Sichuan and Qinghai, affecting the lives of over 400,000 people.

Over the past 4 years, the AETA team has deployed over 300+ 3-part sensory systems, used to collect data of the acoustics and electromagnetic fields in earthquake-affected areas predominantly in the Sichuan region, presently over 40TB of data has been collected.

With this data, the team has been able to train their algorithms to sort through past data leading up to, during, and after an earthquake, teaching the algorithm to forecast future earthquakes using real-time data.

In 2020 the AETA team organized a 9 month competition, inviting Chinese universities, research centers, and students to participate. The AETA team shared all data gathered over the past 4 years, with a sheet of times earthquakes were detected. They then gave the teams access to live data and had the competitors submit their results. 

The algorithm’s accuracy from each team are determined upon 3 key factors: Firstly, a YES/NO rate to whether an earthquake will take place, secondly, the epicenter of the earthquake, and thirdly, the earthquake’s magnitude. These 3 measurements determine a team’s success rate. 

In 2020, the top 10 teams achieved an accuracy rate of over 70% for the YES/NO hit-rate, high location accuracy, and magnitude. 

Currently, the AETA team launched a new competition for 2021, inviting the international community to register and participate. The 2021 competition registration is open and will last until the 31st of March.

The AETA’s hardware sensory system was developed by SVV, an innovation-focused hardware development, and manufacturing company. Furthermore, the AETA project has drawn the attention of CSDN, Capgemini, and numerous other institutions. 

The AETA team, and partners, are adamant that we will solve the mystery behind forecasting earthquakes, and begin expanding this solution across the globe, saving millions of lives in the future. 

Contacts

Frederick Bravey
(+86) 137 2340 4102
Frederick@aeta.io

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SOURCE AETA

Maple Leaf Foods, The North Face, Cool Effect, Epiphany Craft Malt join effort to support farmers addressing climate change with Indigo Carbon

BOSTON, Feb. 8, 2021 /PRNewswire/ — Indigo Agriculture, a company dedicated to harnessing nature to help farmers sustainably feed the planet, today announced additional multi-year commitments to purchase verified agricultural carbon credits through Indigo Carbon….

BOSTON, Feb. 8, 2021 /PRNewswire/ — Indigo Agriculture, a company dedicated to harnessing nature to help farmers sustainably feed the planet, today announced additional multi-year commitments to purchase verified agricultural carbon credits through Indigo Carbon. Maple Leaf Foods and Epiphany Craft Malt will purchase verified agricultural carbon credits to further their sustainability objectives. Cool Effect will offer Indigo Carbon credits to buyers on their existing platform, allowing both individuals and organizations to fulfill their sustainability goals with high quality offsets. The North Face will provide Indigo-partner farmers with a premium for cotton grown with regenerative practices and is incentivizing new (additional) practice adoption. Through these commitments, the companies join a growing cohort of private industry leaders spurring the global effort to leverage agriculture as a meaningful climate solution.

«Agriculture holds significant promise as a means for addressing climate change and these partners are supporting the change we need to unlock the industry’s potential to benefit people and the planet,» said Ben Allen, Head of Global Market Development at Indigo. «With the purchase of Indigo Carbon credits, companies directly support farmers’ climate smart efforts to make beneficial farming practices the norm, not the exception. I’m incredibly proud to count this new crop of companies among our partners, whose investment and collaboration demonstrate a new era of public-private partnership for good.»

With an inaugural credit purchase price of $20/tonne of carbon dioxide equivalents sequestered and abated, Indigo Carbon allows companies to directly finance growers’ transitions to cultivation practices that improve their soil health, profitability, and the environment at large. Representing a new income stream for farmers, the credits establish an outcomes-based mechanism to accelerate the adoption of agronomic methods proven to reduce on-farm emissions and remove carbon dioxide from the atmosphere.

As private companies increasingly seek out rigorous, science-based strategies for addressing the environmental impact of their operations, verified offsets have emerged as a key tool for facilitating impactful and cost-effective abatement and removal. Indigo Carbon presents the first agricultural carbon credit project to deploy scalable, registry-approved methodologies for monitoring and quantifying net on-farm greenhouse gas (GHG) emissions reductions and removals. Developed by the Climate Action Reserve and Verra – nonprofit organizations that manage leading GHG offset project registries – the methodologies establish rigorous standards to ensure the legitimacy of carbon credits for the benefit of growers, buyers, and the public. As the first project developer to adopt and operationalize these protocols, Indigo Carbon enables companies to turn to agriculture — currently a largely untapped strategy for achieving environmental targets — with offsets that adhere to the highest industry standards for measurement, reporting, and verification.

«We are proud to partner with Indigo Ag as another key milestone in our purposeful journey to becoming the most sustainable protein company on earth,» said Michael McCain, President and CEO, Maple Leaf Foods. «The potential for carbon sequestration through regenerative agriculture is game changing for global climate action. As a carbon neutral company, Maple Leaf Foods is committed to creating a more sustainable food system by investing in high-impact environmental projects and supporting local farmers as they harness the power of agriculture to meaningfully reduce greenhouse gases globally.»

«As the first apparel brand to partner with Indigo, we are excited about the positive environmental impacts regenerative cotton production can have not only for The North Face products, but for our industry as a whole,» said Carol Shu, Senior Manager of Global Sustainability at The North Face. «Regenerative products have the ability to shift the industry from simply ‘doing less harm’ to actually replenishing or having a positive impact on nature and resources, and as a brand that is committed to protecting the outdoor places we love to play, we believe this is another critical step in addressing climate change impacts in our supply chain.»

«Indigo’s approach to changing and improving farming by adjusting long-standing farming practices while revolutionizing how crops are managed inspired me to think bigger about our solutions to fight climate change,» said Sebastian Wolfrum, Founder and Director of Malting and Roasting Operations at Epiphany Craft Malt, a small-batch malthouse committed to establishing a resilient, sustainable, and quality supply of domestically grown malt. «At Epiphany Malt, the small grains we use are the foundation to our excellence in malting. We want to start where it matters most to us, in the field.»

«We are pleased to offer Indigo carbon offsets on the Cool Effect platform beginning in the fall,» said Dee Lawrence, Co-Founder of Cool Effect, a nonprofit that provides individuals and businesses the opportunity to create a tangible impact on climate change by funding the highest quality carbon-reducing projects around the world. «We value Indigo’s pioneering work with the Climate Action Reserve and Verra to quantify carbon sequestration in soil as well as its goals to teach and promote beneficial sustainable agricultural practices that help both the farmer and mother earth.»

The introduction of these new buyers expands on previously announced corporate purchase commitments from companies across diverse sectors including financial services (Barclays, JPMorgan Chase), food and beverage (Dogfish Head Craft Brewery, New Belgium Brewing), technology (Givewith, IBM, Shopify), and professional services (Boston Consulting Group).

Backed by strong private market demand and multi-year purchase agreements, a growing network of over a thousand farmers across 21 states, end-to-end and on-the-ground program support, and committed practice changes on over 2 million participating acres, Indigo Carbon is poised to issue its first credits and reward growers for «farming carbon» later this year.

Learn more about Indigo Carbon and opportunities to support farmers in adopting beneficial farming practices.

ABOUT INDIGO AG

Indigo Ag improves grower profitability, environmental sustainability, and consumer health through the use of natural microbiology and digital technologies. The company’s scientific discoveries and digital platforms benefit stakeholders across the agricultural ecosystem, including tens of thousands of growers across millions of acres. Working across the supply chain, Indigo Ag is furthering its mission of harnessing nature to help farmers sustainably feed the planet. In 2019, the company launched Indigo Carbon – a scientifically backed program that provides growers with a new revenue stream in the form of verified agricultural carbon credits. Indigo Ag is headquartered in Boston, MA, with additional offices in Memphis, TN; Research Triangle Park, NC; Sao Paulo, Brazil; and Basel, Switzerland.

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SOURCE Indigo Ag

Health and social care to gain the most from 5G productivity and efficiency gains, which will add US$1.3trillion to global GDP by 2030

LONDON, Feb. 8, 2021 /PRNewswire/ — Productivity and efficiency gains enabled by 5G’s application will drive business, skills and service change worth US$1.3 trillion to global GDP by 2030.

LONDON, Feb. 8, 2021 /PRNewswire/ — Productivity and efficiency gains enabled by 5G’s application will drive business, skills and service change worth US$1.3 trillion to global GDP by 2030.

In Powering Your Tomorrow, PwC quantifies for the first time, the economic impact of new and existing uses of 5G in utilities, health and social care, consumer, media, and financial services across eight economies with advanced rollout: Australia, China, Germany, India, Japan, South Korea, USA and the United Kingdom (UK).

More than a faster version of mobile connectivity on 4G, 5G’s speed, reliability, reduced energy usage and massive connectivity will be transformative for businesses and wider society, enabling ubiquitous access to super fast broadband. Used in combination with investments in artificial intelligence (AI) and the internet of things (IoT), 5G can be used as a platform to enable business and society to realise the full benefits of emerging technology advances.

Economic gains are projected across all economies assessed in the study, as 5G offers the potential to rethink business models, skills, products and services, with the gains accelerating beginning in 2025 as 5G-enabled applications become more widespread

Based on the study, the USA (US$484bn), China (US$220bn) and Japan (US$76bn) will experience the largest uplift as a result of 5G technology applications, due to the size of their economies and strong modern industrial production sectors.

At a regional level Europe, Middle East & Africa (EMEA) is expected to benefit the most from manufacturing applications of 5G, due to the size of the manufacturing sectors. It demonstrates the potential for regional competitive advantage through approaches to the adoption and regulation of the technology.

Wilson Chow, Global Technology, Media and Telecommunications Industry Leader, PwC China, comments:
«These numbers quantify impact, but perhaps more important, our study reflects the value of 5G – new levels of connectivity and collaboration mean companies will be able to see, do and achieve more. It will open up new opportunities for growth and change as organisations rethink and reconfigure the way they operate in the post-pandemic world.

«With the pandemic accelerating digitalisation across all sectors, 5G will act as a further catalyst. It will emerge in this decade as a fundamental piece of our societal infrastructure and as a platform for driving the competitiveness of national economies, new business models, skills and industries.»

Achieving better, faster outcomes in health and social care

Over half the global economic impact (US$530bn) will be driven by the transformation of health and social care experience for patients, providers and medical staff within the next ten years.

While the acceleration of telemedicine during the COVID-19 pandemic provided a glimpse of the future of healthcare, remote care is just one area in which 5G can enable both better health outcomes and cost savings.

5G’s applications include remote monitoring and consultations, real time in-hospital data sharing, improved doctor-patient communications and automation in hospitals to reduce health care costs.

Regional & Sector impacts

At a sector level, impacts vary for individual economies. The USA and Australia are projected to gain the most from financial services applications: India from smart utilities; China and Germany in manufacturing.  Other industries analysed in the study show the significant potential of new and existing applications over the next decade, driving changes in skills, jobs, consumer products and regulation:

  • SMART utilities management applications will support environmental targets to reduce carbon and waste through enabling combined smart meters and grids to deliver energy savings, and improving waste and water management through tracking of waste and water leakage (US$330bn).
  • Consumer and media applications include: over the top (OTT) gaming, real time advertising and customer services (US$254bn)
  • Manufacturing and heavy industry applications include: monitoring and reducing defects, increased autonomous vehicle use (US$134bn)
  • Financial services applications including reducing fraud and improving customer experiences (US$86bn)

Wilson Chow comments:
«5G is more than mobile connectivity. It puts a new lens on advancing productivity and rethinking entire business models for the future. Given the scale of potential and its impacts, every organisation will need a plan for 5G’s implementation within five years across technology and business strategies to maximise opportunities and prepare for how they integrate their technology and business strategies, and engage with customers, supply chain and regulators.»

Policy & Trust
The study highlights that the reach of 5G’s technology potential will require businesses and government to consider new approaches to regulatory and consumer engagement – focusing on how the technology is used.

Wilson Chow comments:
«With any technology, policy engagement, transparency and public trust are critical factors. Whether it’s considering the use of self driving vehicles or telemedicine, how data is managed, infrastructure deployed, or how different sectors collaborate, business and government need to shit from focusing on regulating a technology, to promoting transparency in 5G’s application, building and sustaining public trust in its use and potential.»

Download the report here

About the report

PwC drew on expert insight and using economic modeling, to examine the impact of 5G’s use across five industries. The projections in this study represent the net economic impact of 5G technology, taking into account displacement effects such as some economic activities becoming obsolete and focusing on economic value added across value chains and throughout the economy, rather than only the revenues of 5G telecoms businesses. Further details on the methodology can be found here.

About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with over 276,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

© 2021 PwC. All rights reserved.

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SOURCE PwC Global Corporate Affairs

Spanish Broadcasting System, Inc. anuncia el lanzamiento de una oferta de títulos sénior asegurados por $310 millones

MIAMI, 6 de febrero de 2021 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (la «Compañía», «nosotros» o «SBS») anunció hoy el lanzamiento de una oferta de títulos sénior asegurados con vencimiento a 2026 (los «Títulos») por un monto total de capital de $310 millones. Los Títulos estarán garantizados sobre una base sénior asegurada por algunas de las subsidiarias de la Compañía, y con rendimiento asegurado, salvo ciertas excepciones, sobre la base de garantía preferente a través del colateral de…

MIAMI, 6 de febrero de 2021 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (la «Compañía», «nosotros» o «SBS») anunció hoy el lanzamiento de una oferta de títulos sénior asegurados con vencimiento a 2026 (los «Títulos») por un monto total de capital de $310 millones. Los Títulos estarán garantizados sobre una base sénior asegurada por algunas de las subsidiarias de la Compañía, y con rendimiento asegurado, salvo ciertas excepciones, sobre la base de garantía preferente a través del colateral de los Títulos.

La Compañía pretende utilizar los ingresos netos de esta oferta, y el efectivo disponible, para (i) pagar sus títulos sénior asegurados de 12.5 % y con vencimiento en 2017; (ii) junto con otras consideraciones, para comprar y/o canjear todas las acciones preferentes canjeables Serie B 10 3/4 % acumuladas con valor nominal de $0.01 (las «Acciones preferentes Serie B»); y (iii) para pagar cargos y gastos asociados.

Los Títulos y las garantías conexas se ofrecen en los Estados Unidos para personas razonablemente consideradas como «compradores institucionales calificados» según la Regla 144A de la Ley de Valores de 1933 y sus enmiendas (la «Ley de Valores»), y para personas por fuera de los Estados Unidos que cumplan con la Regulación S de la Ley de Valores. Los Títulos y las garantías conexas no han sido registrados bajo la Ley de Valores ni bajo alguna ley estatal de valores y, salvo que se registren, no podrán ofrecerse ni venderse en los Estados Unidos a menos que cumplan con una excepción de, o sean parte de una transacción que no esté sujeta a, los requerimientos de registro de la Ley de Valores u otras leyes estatales de valores aplicables.

Este comunicado de prensa tiene fines informativos exclusivamente, y no es una oferta de venta ni una solicitud de oferta de compra de algún título valor, y no constituirá una oferta, solicitud o venta en ninguna jurisdicción en la que dicha oferta, solicitud o venta sea ilegal. Este comunicado de prensa no constituye una notificación de canje para las acciones preferentes Serie B, y no es una oferta de compra o solicitud de venta de las acciones preferentes Serie B.

Acerca de Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. (SBS) es propietaria y operadora de estaciones de radio situadas en los principales mercados hispanos estadounidenses de Nueva York, Los Ángeles, Miami, Chicago, San Francisco y Puerto Rico, y transmite los géneros tropical, mexicano regional, adulto contemporáneo en español, Top 40 y urbano. SBS opera también AIRE Radio Networks, una plataforma de radio nacional de más de 290 estaciones afiliadas que llegan al 95 % de la audiencia hispana de los Estados Unidos. SBS también es propietaria de MegaTV, una operación de red de televisión con distribución en señal abierta, cable y satélite, y varias afiliadas en los Estados Unidos y Puerto Rico. SBS produce además eventos y conciertos en vivo en todo el país, y posee múltiples propiedades digitales incluyendo LaMusica, una aplicación móvil que ofrece contenidos de audio y video de enfoque latino, y HitzMaker, un espacio de nuevos talentos para aspirantes a artistas. Para obtener más información, visítenos en línea en www.spanishbroadcasting.com.

Declaraciones prospectivas

Este comunicado de prensa contiene declaraciones prospectivas que implican riesgos e incertidumbres. En algunos casos, puede identificar las declaraciones prospectivas por las palabras «anticipar», «creer», «continuar», «podría», «estimar», «esperar», «pretender», «puede», «podría», «objetivo», «continuo», «planificar», «predecir», «proyectar», «potencial», «debería», «será» o «sería» y/o los negativos de estos términos, u otra terminología comparable destinada a identificar declaraciones sobre el futuro. Estos aparecen en este comunicado de prensa e incluyen declaraciones sobre nuestras intenciones, creencias o expectativas actuales. Estas declaraciones, por su naturaleza, implican riesgos e incertidumbres sustanciales, algunos de los cuales están fuera de nuestro control, y los resultados reales pueden diferir significativamente dependiendo de una variedad de factores importantes, incluidos, entre otros, nuestro endeudamiento sustancial y alto apalancamiento, nuestra industria altamente competitiva, nuestra respuesta continua a la pandemia de COVID-19, nuestra dependencia de los ingresos y los ingresos operativos de un número limitado de mercados, la imprevisibilidad de las ventas en la industria de la publicidad, nuestra capacidad para atraer oyentes, espectadores y anunciantes a nuestras operaciones de radio y televisión, la popularidad y atractivo de nuestro contenido, nuestra capacidad para mantener y renovar acuerdos de distribución, el impacto de reformas fiscales y cualquier nueva legislación fiscal, nuestra capacidad para responder a los rápidos cambios en la tecnología, la creación de contenido, los servicios y los estándares, nuestra capacidad para proteger nuestro negocio de los riesgos de ciberseguridad, el desempeño de los empleados clave, el talento al aire y los anfitriones de programas, el daño a la reputación de nuestras marcas y procedimientos legales o gubernamentales, y el cumplimiento normativo y legislativo, incluido el cumplimiento con la Comisión Federal de Comunicaciones. Todas las declaraciones prospectivas hechas en este documento están sujetas a estas declaraciones precautorias y factores de riesgo, y no puede haber garantía de que los resultados, eventos o desarrollos reales a los que se hace referencia aquí ocurran o se concreten. No tenemos obligación alguna de actualizar públicamente cualquier declaración prospectiva para reflejar eventos o circunstancias posteriores.

Contacto:
Analistas e inversionistas
José I. Molina
Director financiero
(305) 441-6901

 

FUENTE Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. informa resultados financieros preliminares estimados seleccionados para el cuarto trimestre de 2020

MIAMI, 6 de febrero de 2021 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (la «Compañía», «nosotros» o «SBS») anunció hoy sus resultados financieros preliminares estimados seleccionados para el cuarto trimestre de 2020.

La Compañía espera que los ingresos netos estén entre $39.1 millones y $40.2 millones, un crecimiento de entre un 31 % y un 34 % en comparación con los tres meses finalizados el 30 de septiembre de 2020. Se espera…

MIAMI, 6 de febrero de 2021 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (la «Compañía», «nosotros» o «SBS») anunció hoy sus resultados financieros preliminares estimados seleccionados para el cuarto trimestre de 2020.

La Compañía espera que los ingresos netos estén entre $39.1 millones y $40.2 millones, un crecimiento de entre un 31 % y un 34 % en comparación con los tres meses finalizados el 30 de septiembre de 2020. Se espera que los ingresos netos se mantengan sin cambios con respecto al período político comparable para los tres meses finalizados el 31 de diciembre de 2018 y que se produzca una disminución del 13 % al 15 % en comparación con los tres meses finalizados el 31 de diciembre de 2019. La Compañía espera que el OIBDA ajustado esté entre $15.3 millones y $16.4 millones, lo que representa un aumento del 81 % al 94 % en comparación con los tres meses finalizados el 30 de septiembre de 2020. Se espera que el OIBDA ajustado disminuya entre un 18 % y un 24 % en comparación con los tres meses terminados el 31 de diciembre de 2019. La Compañía espera que el efectivo y los equivalentes a efectivo al 31 de diciembre de 2020 sean de $28 millones. 

El OIBDA ajustado es una medida financiera complementaria que no se prepara de acuerdo con los PCGA.  El OIBDA ajustado no es una medida del desempeño operativo que se determine de acuerdo con los PCGA, y no debe considerarse de forma aislada ni interpretarse como una alternativa a los ingresos operativos, los ingresos (pérdidas) netos o el efectivo de las actividades operativas, de inversión o de financiación, cada uno según se determina de acuerdo con los PCGA. Además, el OIBDA ajustado no es una medida determinada de acuerdo con los PCGA y, por lo tanto, es susceptible de diversas interpretaciones y cálculos.

Calculamos el OIBDA ajustado agregando lo siguiente a los ingresos operativos: (i) depreciación y amortización, (ii) (ganancia) pérdida en la disposición de activos, neto, (iii) costos de recapitalización, (iv) cargos por deterioro, (v) indemnización de ejecutivos, (vi) otros ingresos o gastos operativos, y (vii) compensación basada en acciones a los ingresos operativos. Actualmente, no podemos proporcionar una conciliación del OIBDA ajustado con los ingresos (pérdidas) netos (la medida PCGA más comparable) porque no se ha completado una revisión final de los importes subyacentes para conciliar el OIBDA ajustado con los ingresos (pérdidas) netos.

Las estimaciones preliminares anteriores que se presentan en este comunicado de prensa se basan en las expectativas actuales de la Compañía, no están auditadas y pueden ajustarse como resultado, entre otras cosas, de la finalización de los procedimientos de cierre financiero trimestrales y anuales de la Compañía, y de la auditoría realizada por la empresa de contabilidad pública registrada independiente de la Compañía. Los resultados reales pueden diferir materialmente de los divulgados en este comunicado de prensa.

Este comunicado de prensa es solo para fines informativos y no es una oferta de venta ni una solicitud de oferta para comprar ningún valor, y no constituirá una oferta, solicitud o venta en ninguna jurisdicción en la que dicha oferta, solicitud o venta sea ilegal.

Acerca de Spanish Broadcasting System, Inc.
Spanish Broadcasting System, Inc. (SBS) es propietaria y operadora de estaciones de radio situadas en los principales mercados hispanos estadounidenses de Nueva York, Los Ángeles, Miami, Chicago, San Francisco y Puerto Rico, y transmite los géneros tropical, mexicano regional, adulto contemporáneo en español, Top 40 y urbano. SBS opera también AIRE Radio Networks, una plataforma de radio nacional de más de 290 estaciones afiliadas que llegan al 95 % de la audiencia hispana de los Estados Unidos. SBS también es propietaria de MegaTV, una operación de televisión con distribución en señal abierta, cable y satélite, y varias afiliadas en los Estados Unidos y Puerto Rico. SBS produce además eventos y conciertos en vivo, y posee múltiples propiedades digitales incluyendo LaMusica, una aplicación móvil que ofrece contenidos de audio y video de enfoque latino, y HitzMaker, un espacio de nuevos talentos para aspirantes a artistas. Para obtener más información, visítenos en línea en www.spanishbroadcasting.com.

Declaraciones prospectivas
Este comunicado de prensa contiene declaraciones prospectivas que implican riesgos e incertidumbres. En algunos casos, puede identificar las declaraciones prospectivas con las palabras «anticipar», «creer», «continuar», «podría», «estimar», «esperar», «pretender», «puede», «podría» «objetivo», «continuo», «planificar», «predecir», «proyectar», «potencial», «debería», «será» o «sería» y/o lo negativo de estos términos, u otra terminología comparable destinada a identificar declaraciones sobre el futuro. Aparecen en este comunicado de prensa e incluyen declaraciones sobre nuestras intenciones, creencias o expectativas actuales. Estas declaraciones, por su naturaleza, implican riesgos e incertidumbres sustanciales, algunos de los cuales están fuera de nuestro control, y los resultados reales pueden diferir materialmente dependiendo de una variedad de factores importantes, incluidos, entre otros, nuestro endeudamiento sustancial y alto apalancamiento, nuestra industria altamente competitiva, nuestra respuesta continua a la pandemia de COVID-19, nuestra dependencia de los ingresos y los ingresos operativos de un número limitado de mercados, la imprevisibilidad de las ventas en la industria de la publicidad, nuestra capacidad para atraer oyentes, espectadores y anunciantes a nuestras operaciones de radio y televisión, la popularidad y atractivo de nuestro contenido, nuestra capacidad para mantener y renovar acuerdos de distribución, el impacto de reformas fiscales y cualquier nueva legislación fiscal, nuestra capacidad para responder a los rápidos cambios en la tecnología, la creación de contenido, los servicios y los estándares, nuestra capacidad para proteger nuestro negocio de los riesgos de ciberseguridad, el desempeño de los empleados clave, el talento en el aire y los anfitriones de programas, el daño a la reputación de nuestras marcas y procedimientos legales o gubernamentales, y el cumplimiento normativo y legislativo, incluido el cumplimiento con la Comisión Federal de Comunicaciones. Todas las declaraciones a futuro hechas en este documento están sujetas a estas declaraciones de precaución y factores de riesgo, y no puede haber garantía de que los resultados, eventos o desarrollos reales a los que se hace referencia aquí ocurran o se concreten. No tenemos ninguna obligación de actualizar públicamente declaraciones prospectivas para reflejar eventos o circunstancias posteriores.

Contactos:

Analistas e inversionistas 

Analistas, inversionistas o medios 

José I. Molina

Brad Edwards

Director financiero

The Plunkett Group

(305) 441-6901

(212) 739-6740

  

 

FUENTE Spanish Broadcasting System, Inc.

The Evolved Traveler Fuels Passion for Responsible Tourism and Conservation with a New Line-up of Live Virtual «Evolved Engagements»

BEVERLY HILLS, Calif., Feb. 6, 2021 /PRNewswire/ — Today, The Evolved Traveler, curator of worldwide luxury travel experiences designed to promote a sense of global community and responsible tourism, has launched a new a new line-up of live, multi-media, virtual events titled, «Evolved Engagements,» which enable Guests to share in their passion for responsible tourism and conservation with myriad specialists and authorities in the fields.

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BEVERLY HILLS, Calif., Feb. 6, 2021 /PRNewswire/ — Today, The Evolved Traveler, curator of worldwide luxury travel experiences designed to promote a sense of global community and responsible tourism, has launched a new a new line-up of live, multi-media, virtual events titled, «Evolved Engagements,» which enable Guests to share in their passion for responsible tourism and conservation with myriad specialists and authorities in the fields.

«Our ‘Evolved Engagements’ are a natural extension of the ‘Evolved Experiences’ we offer our Guests on their journeys with us and is one of the things that we believe genuinely sets us apart. With travel being limited during the pandemic, ‘Evolved Engagements’ not only allow Guests opportunities to participate in our global community, but contribute to it as well,» said The Evolved Traveler President, Justin Smith.

Immersive Experiences and Positive Impact

Launching with three consecutive, expert-led, live programs based in Africa, these new «Evolved Engagements» include: Rhino Conservation Up-Close exploring the trials faced and triumphs achieved in conservation efforts of white and black rhinos; Blue Conservation: Hope Spots allowing a «deep-dive» into ocean conservation with a member of the Mission Blue Global Alliance; and The Art of Wildlife Monitoring educating engaged participants of the necessary steps to protecting threatened species such as lions, elephants, cheetahs, and rhinos.»

Beginning this month, the sessions will take place at 1pm ET/10 PT on three consecutive Sundays in February and March: Rhino Conservation – Feb 21; Blue Conservation – February 28; and The Art of Wildlife Monitoring – Mar 7. The cost for the series of three sessions is $50 per guest (or, $20 per guest per session) while 20% of proceeds from each session will be donated to the respective organizations.

«During these uncertain times, we’re very pleased to not only be able to offer our Guests live experiences on the other side of the word, but to have them know they are making a difference in conservation efforts at the same time,» said Smith.

For more information, or to join in one or all the «Evolved Engagements,» please visit www.evolvedtraveler.com/evolvedengagements, or call 323.505.4415 today.

For product information, visit:
www.evolvedtraveler.com

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SOURCE The Evolved Traveler

CPS Energy Launches Community Dialogue About Its Flexible Path Resource Plan, Including A Focus On Coal

SAN ANTONIO, Feb. 5, 2021 /PRNewswire/ — CPS Energy, the largest municipally owned electric and natural gas company in the United States, is launching a community-wide dialogue about future paths it could pursue to power San Antonio, Texas, the nation’s 7th largest city.

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SAN ANTONIO, Feb. 5, 2021 /PRNewswire/ — CPS Energy, the largest municipally owned electric and natural gas company in the United States, is launching a community-wide dialogue about future paths it could pursue to power San Antonio, Texas, the nation’s 7th largest city.

In 2021, the utility will launch a community-wide dialogue by publicly releasing its Flexible PathSM Resource Plan, which is now accessible on their website. The Flexible Path Resource Plan directly addresses the retirement of several aging gas steam units that will reach their end of life during this decade. 

Aligned with the company’s broad Flexible Path strategy, CPS Energy developed the new and innovative FlexPOWER BundleSM Request for Proposal (RFP).  This important global RFP was issued in 10 languages in late 2020. The RFP submission process closed on February 1, 2021.  The company started its evaluation process and hopes to begin announcing selected projects by early spring or late summer. 

The FlexPOWER Bundle will help CPS Energy vet the most effective energy solutions to replace its previously mentioned older gas steam units that will reach their end of life (approximately 55 years) before 2030.  The following shows the components of the bundle:

  • Up to 900 MW of solar resources that will support the Environmental Responsibility Pillar.
  • Up to 50 MW of energy storage that will support the Resilience and Environmental Responsibility Pillars.
  • Up to 500 MW of all-source firming capacity, defined as any technologies that can be called upon when renewables are not available, supporting the Pillar of Reliability.

NOTE:  A Megawatt (MW) is the unit representation for power. For example, 1 MW of solar can power 200 homes on an average summer day.

In 2018, CPS Energy shut down two older coal units, J. T. Deely 1 and 2, 15 years earlier than planned.  The company thoughtfully replaced that power generating capacity through the purchase of a newer natural gas plant.  The new Flexible Path Resource Plan also includes a view of possible alternative options for their two remaining and newer coal units, Spruce 1 and 2. 

To expand customer engagement, CPS Energy is opening the topic about coal up to its community.  Part of that conversation will involve further explaining how the company aspires to come up with a balanced, thoughtful, and effective pathway forward.  To facilitate the discussions, CPS Energy will explain how it uses its balanced Guiding Pillars & Foundation, as shown below, to vet all major strategies and initiatives, including the Flexible Path, as well as any specific incremental power generating solutions.

The primary objective of this community-wide dialogue is to broadly engage customers while soliciting their questions, insights, and feedback.  Included in this process will be a series of virtual town halls and meetings where customers will hear from leaders and have opportunities to ask questions and seek collaboration.  Information about how to participate will be shared this month.

As a basis of the upcoming conversations, the Flexible Path Resource Plan’s available reference materials will include key assumptions and scenarios, including estimated residential customer bill impacts and company financial metric projections. Importantly, the document also addresses potential impact to their workforce. Relative to the new Resource Plan’s look at potential options for its two remaining coal units, two distinct scenarios have been developed.

BASE CASE:

Spruce 1 – Replace with an Additional FlexPOWER BundleSM offering in 2029

Spruce 2 – Continue to Operate as a Coal Plant 

REPLACE SPRUCE 1 & 2 COAL UNITS:

With Renewables & Batteries 

REPLACE & CONVERT:

Spruce 1 – Replace with an Additional FlexPOWER BundleSM

Spruce 2 – Convert to Natural Gas

«When I took the helm of CPS Energy in 2015, I asked our employees to embrace a People First approach, through which we look at our customers as our beacon and inspiration to provide excellent service and we continue to take caring actions to support our entire community.  I am proud to say that our employees anchor to these beliefs every day, as they diligently serve Greater San Antonio.  Our team looks forward to a robust dialogue with all our customers about our new Flexible Path Resource Plan,» said Paula Gold-Williams, President & CEO of CPS Energy.  «Extensive, broad, open, constructive, respectful, and frequent conversations, based upon facts, figures, and finance are the best way for San Antonio to determine how to move prudently to a decarbonized future by, and perhaps before, 2050.»

It is important to clarify that no specific decision has yet been made to close either remaining coal unit early.  Such an assumption is only factored in the current modeling assessments to support the upcoming community-wide discussions. 

Along with the Flexible Path Resource Plan document and supporting attachments, also included is an Executive Summary and Overview written by the President & CEO to provide helpful context.  That broad document provides highlights and takeaways from the Resource Plan and can be accessed here.

While the utility focuses on actively engaging through this dialogue, it is important to note that the CPS Energy Board of Trustees must approve all major power generation decisions. At the appropriate time, after extensive and frequent conversations with our community and thoughtfully considering their suggestions, the Board will authorize management to proceed with a viable set of Resource Plan solutions.

Continue to check the CPS Energy website, www.cpsenergy.com, for other informational materials such as our latest Sustainability Report, Annual Reports, and helpful customer programs.

About CPS Energy 
Established in 1860, CPS Energy is the nation’s largest public power, natural gas, and electric company, providing safe, reliable, and competitively-priced service to 860,934 electric and 358,495 natural gas customers in San Antonio and portions of seven adjoining counties. Our customers’ combined energy bills rank among the lowest of the nation’s 20 largest cities – while generating $8 billion in revenue for the City of San Antonio for more than seven decades. As a trusted and strong community partner, we continuously focus on job creation, economic development, and educational investment. True to our People First philosophy, we are powered by our skilled workforce, whose commitment to the community is demonstrated through our employees’ volunteerism in giving back to our city and programs aimed at bringing value to our customers. CPS Energy is among the top public power wind energy buyers in the nation and number one in Texas for solar generation.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/cps-energy-launches-community-dialogue-about-its-flexible-path-resource-plan-including-a-focus-on-coal-301223367.html

SOURCE CPS Energy