Statement by U.S. Conference of Mayors on President Joe Biden’s COVID-19 Executive Orders

WASHINGTON, Jan. 20, 2021 /PRNewswire/ — This afternoon, President Joe Biden signed a combination of Executive Orders to change the course of the COVID-19 pandemic and provide economic relief to millions of Americans suffering from the economic fallout of the crisis. U.S. Conference of Mayors President and Louisville Mayor Greg Fischer released the following statement:

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WASHINGTON, Jan. 20, 2021 /PRNewswire/ — This afternoon, President Joe Biden signed a combination of Executive Orders to change the course of the COVID-19 pandemic and provide economic relief to millions of Americans suffering from the economic fallout of the crisis. U.S. Conference of Mayors President and Louisville Mayor Greg Fischer released the following statement:

«President Joe Biden has made clear that he intends to change the course of the COVID-19 pandemic, and America’s mayors are grateful for his leadership. We applaud his actions today to both establish a coordinated and unified national response to this pandemic and re-engage with the World Health Organization to enable a collaborative international response.

«Like President Biden, we know the only way to get this pandemic under control is to ask the American people to do their part and wear a mask. We support President Biden’s 100 Days Masking Challenge and look forward to working with our federal partners at the Department of Health and Human Services and Centers for Disease Control to help implement masking, physical distancing, and other public health measures to help stop the spread of COVID-19.

«Millions of Americans continue to suffer severe economic hardship as a result of this pandemic. President Biden’s actions directing federal agencies to review extending the federal eviction moratorium and the pause on payments for direct student federal loans will provide much needed relief for the millions of Americans struggling economically, even as we continue to fight this pandemic for months to come. America’s Mayors are committed to working with the Biden-Harris administration to change the course of this pandemic and ensure the American people get the support they need during this difficult time.»

About The United States Conference of Mayors — The U.S. Conference of Mayors is the official nonpartisan organization of cities with populations of 30,000 or more. There are nearly 1,400 such cities in the country today, and each city is represented in the Conference by its chief elected official, the mayor. Like us on Facebook at facebook.com/usmayors, or follow us on Twitter at twitter.com/usmayors.

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SOURCE U.S. Conference of Mayors

Biden Inauguration Signals an Upcoming Regulatory Reset

NEW YORK, Jan. 20, 2021 /PRNewswire/ — President-elect Joe Biden is expected not only to reverse many of the policies implemented under Donald Trump, but also to quickly put forward new legislation to combat the continued COVID-19 pandemic and resulting economic crisis. Coinciding with inauguration day, experts at <a target="_blank"…

NEW YORK, Jan. 20, 2021 /PRNewswire/ — President-elect Joe Biden is expected not only to reverse many of the policies implemented under Donald Trump, but also to quickly put forward new legislation to combat the continued COVID-19 pandemic and resulting economic crisis. Coinciding with inauguration day, experts at Wolters Kluwer Legal and Regulatory U.S. have released a new white paper examining the statements and proposals from Biden’s campaign and his transition team, outlining what professionals across several industries should expect of the new administration’s policy and regulatory approaches.

«Under Joe Biden’s administration, we expect to see a return to policies that are more in line with Obama-era priorities,» said Ted Trautmann, Senior Legal Analyst. «This includes increased emphasis on expanding health care access, employee protections, economic relief, international trade alliances, cybersecurity, and corporate accountability. However, with COVID-19 still present and worsening across the U.S., there are plenty of new challenges that will be a top priority for the Biden administration.»

This white paper lays out likely scenarios and outcomes across a range of key practice areas, such as healthcare, labor and employment, tax, securities and corporate governance, international trade, antitrust, intellectual property, cybersecurity and privacy, financial services, and others. Specific issues covered in the white paper include:

  • The «American Rescue Plan,» announced shortly before Biden’s inauguration, which would provide economic and tax relief to families and small businesses, including emergency paid leave and a higher federal minimum wage;
  • Strengthening the Affordable Care Act, lowering the age of Medicare eligibility, and expanding health coverage for low-income individuals;
  • Extending the Social Security payroll tax to higher income levels, enhancing tax benefits for working families, and expanding several renewable energy credits;
  • The direction the SEC could go under new head Gary Gensler, including whether he may pursue regulations mandating public company disclosures regarding climate change and political contributions; and,
  • Restoring the nation’s cybersecurity defenses following the SolarWinds software hack that compromised networks across the federal government and private industry; and
  • New COVID-19 relief legislation and oversight of companies receiving aid.

For members of the media interested in additional details on these topics, please contact us at lrusmedia@wolterskluwer.com.

About Wolters Kluwer Legal & Regulatory U.S.

Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services.

Wolters Kluwer reported 2019 annual revenues of €4.6 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,000 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

For more information about Wolters Kluwer Legal & Regulatory U.S., visit www.WoltersKluwerLR.com, follow us on Facebook, Twitter and LinkedIn.

MEDIA CONTACT:

Linda Gharib
Director, Communications
Wolters Kluwer Legal & Regulatory U.S.
Tel: +1 (646) 887-7962
Email: lrusmedia@wolterskluwer.com 

 

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SOURCE Wolters Kluwer Legal & Regulatory U.S.

A Multicultural America Ushers in Joseph R. Biden, Jr. As 46th President of the United States

WASHINGTON, Jan. 20, 2021 /PRNewswire/ –Today, Joe Biden was inaugurated as the 46th President of the United States. Kamala Harris became the 49th Vice-President, the first woman and person of color to serve in the office. Voto Latino is optimistic that the new administration will be able to heal the wounds and tensions that have been created over the last four years and move us forward on a united,…

WASHINGTON, Jan. 20, 2021 /PRNewswire/ –Today, Joe Biden was inaugurated as the 46th President of the United States. Kamala Harris became the 49th Vice-President, the first woman and person of color to serve in the office. Voto Latino is optimistic that the new administration will be able to heal the wounds and tensions that have been created over the last four years and move us forward on a united, progressive path.

«Congratulations to President Biden and Vice President Harris,» said María Teresa Kumar, president and CEO of Voto Latino. «There are numerous issues in our country that must be addressed immediately. The level of leadership and experience in this administration is enough to return the United States to its past standing and beyond. That is why Voto Latino chose to endorse Joe Biden, the first time we had ever done so. There is work to be done and Voto Latino is prepared to counsel and assist in repairing this nation and creating a more perfect democracy.»

Voto Latino was a crucial part of the Biden victory, registering 601,300 voters for the 2020 general election – a $34.2 million dollar effort – with most of those in the key battleground states of Arizona, Texas, Georgia, Nevada, North Carolina, Wisconsin, Colorado, and Florida, and mobilized 3.7 million low propensity voters to the polls. This cycle, Voto Latino’s work helped flip Arizona and Georgia, defended Nevada and Wisconsin, sent four new Senators to Washington, and turned Texas and North Carolina purple, demonstrating the overwhelming contribution Latinx voters made to deliver the White House. The organization also engaged with the Biden campaign on the concerns of the Latinx community, resulting in an extensive agenda to address Latinx issues over the next four years. Voto Latino plans to both assist in ensuring the success of the policies that will help our community and hold the administration accountable as we continue to build long term Latinx political power across the country.

Voto Latino is a grassroots political organization focused on educating and empowering a new generation of Latinx voters, as well as creating a more robust and inclusive democracy. Through innovative digital campaigns, culturally relevant programs and authentic voices, we shepherd the Latinx community towards the full realization of its political power. 

Contact:
Danny Turkel, danny@votolatino.org

 

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SOURCE Voto Latino

John Hancock Closed-end Funds Announce Renewal of Share Repurchase Plans

BOSTON, MA, Jan. 20, 2021 /PRNewswire/ – John Hancock Financial Opportunities Fund (NYSE: BTO), John Hancock Hedged Equity & Income Fund (NYSE: HEQ), John Hancock Income Securities Trust (NYSE: JHS), John Hancock  Investors Trust (NYSE: JHI), John Hancock Premium Dividend Fund (NYSE: PDT), John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD), and John Hancock Tax-Advantaged Global Shareholder Yield (NYSE: HTY) (each a «Fund» and collectively, the…

BOSTON, MA, Jan. 20, 2021 /PRNewswire/ – John Hancock Financial Opportunities Fund (NYSE: BTO), John Hancock Hedged Equity & Income Fund (NYSE: HEQ), John Hancock Income Securities Trust (NYSE: JHS), John Hancock  Investors Trust (NYSE: JHI), John Hancock Premium Dividend Fund (NYSE: PDT), John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD), and John Hancock Tax-Advantaged Global Shareholder Yield (NYSE: HTY) (each a «Fund» and collectively, the «Funds») announced today that the Board of Trustees has renewed the Funds’ share repurchase plans. 

The Board of Trustees approved the renewal of the share repurchase plans as part of its ongoing evaluation of options to enhance shareholder value and potentially decrease the discount between the market price and the net asset value per share («NAV») of the Funds’ common shares.  Under the share repurchase plans, each Fund may purchase, in the open market, between January 1, 2021 and December 31, 2021, up to an additional 10% of its outstanding common shares (based on common shares outstanding as of December 31, 2020). The Board of Trustees will review the plan periodically and may authorize adjustment of its terms and size.

The share repurchase plans allow the repurchase of common shares in the open market at a discount to NAV.  The plans could allow the Funds to realize incremental accretion to their NAV to the benefit of existing shareholders. They could also have the benefit of providing additional liquidity in the trading of common shares. 

Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond the Fund’s control and could cause actual results to differ materially from those set forth in the forward-looking statements.

An investor should consider a Fund’s investment objectives, risks, charges and expenses carefully before investing.

About John Hancock and Manulife Financial
John Hancock is a division of Manulife Financial Corporation, a leading international financial services group that helps people achieve their dreams and aspirations by putting customers’ needs first and providing the right advice and solutions. We operate primarily as John Hancock in the United States and as Manulife elsewhere. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions. Assets under management and administration by Manulife and its subsidiaries were over CAD$1.3 trillion (US$943 billion) as of September 30, 2020. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com.

One of the largest life insurers in the United States, John Hancock supports approximately 10 million Americans with a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, and education savings plans. Additional information about John Hancock may be found at johnhancock.com.

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SOURCE John Hancock Investment Management

Planet Fitness Expands Board of Directors with Two New Appointments

HAMPTON, N.H., Jan. 20, 2021 /PRNewswire/ — Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S. with more members than any other fitness brand, today announced that it has appointed Bernard Acoca, Chief Executive Officer and President for El Pollo Loco, and Christopher Tanco, Executive Vice President and Chief Operating Officer for 7–Eleven, to its Board of…

HAMPTON, N.H., Jan. 20, 2021 /PRNewswire/ — Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S. with more members than any other fitness brand, today announced that it has appointed Bernard Acoca, Chief Executive Officer and President for El Pollo Loco, and Christopher Tanco, Executive Vice President and Chief Operating Officer for 7–Eleven, to its Board of Directors, effective immediately.

«We are pleased to welcome Bernard and Chris as new independent directors to the Planet Fitness Board,» said Chris Rondeau, Chief Executive Officer. «They join Planet Fitness at a pivotal time in the business and complement our existing board of director’s skills and expertise. Together they bring decades of leadership experience in key areas, including international and domestic operations, franchising, brand development, and leveraging digital to enhance the customer experience, which will be vital to our long-term strategy to bring non-intimidating, affordable, high-quality fitness to first time and casual gym goers.»

Stephen Spinelli, Jr. (Ph. D.), Chairman of the Board stated, «Today’s appointments reflect our ongoing commitment to strengthening our board with a variety of viewpoints and expertise. We look forward to gaining valuable insights and perspectives from Bernard and Chris, given their impressive backgrounds, and are confident they are well-suited to join our Board and oversee Planet Fitness’ future growth, the many opportunities that lie ahead for our brand, and drive meaningful value for our shareholders.»

Mr. Acoca currently serves as Chief Executive Officer and President for El Pollo Loco, the nation’s largest restaurant brand specializing in fire-grilled chicken. Before joining El Pollo Loco, Mr. Acoca spent seven years at Starbucks Corporation in various capacities as a member of its executive team, most recently as President of Teavana, Starbucks’ global tea brand. In this role he was responsible for the overall strategy and operations of more than 375 Teavana specialty retail stores in North America, as well as its e-commerce business. During his tenure, he oversaw the expansion of the Teavana brand to 26,000 Starbucks stores globally. Mr. Acoca also served as Senior Vice President, Marketing & Category for the Americas, Starbucks’ largest division, where he was responsible for managing categories totaling $9B in sales. Additionally, he served as Chief Marketing Officer for L’Oréal and spent 10 years at Yum! Brands in marketing roles of increasing responsibility. Mr. Acoca currently serves on the board of El Pollo Loco.

«I’ve long admired the Planet Fitness brand and how it revolutionized the fitness landscape as we know it today,» said Acoca. «The company is well positioned to capitalize on both industry and consumer trends and I look forward to joining the Board at such an exciting time in its history.»

Mr. Tanco is currently the Executive Vice President and Chief Operating Officer for 7 Eleven, Inc. As COO, he leads Franchise and Corporate Operations for 15,000 stores, the company’s Digital initiatives, Restaurant expansion, Operations Support, Field Merchandising and Sales, Store of the Future, Fuels and the Canada Business Unit. Previously, Mr. Tanco was as an Executive Vice President and led 7 Eleven’s international business across 18 countries. Before joining 7 Eleven, he was the Chief Franchise Officer for Pizza Hut. With nearly 20 years of experience, he served in various operations, international, general management and franchise leadership roles with Yum! Brands. Mr. Tanco currently serves on the boards of 7 Eleven, Inc. and Urban Air Adventure Parks.

Tanco said, «Planet Fitness is a market leader, with a nationally recognized brand, and a highly attractive franchise system and model that is built for long-term growth. I am excited to work with the Board and leadership team to leverage my experience and insights and help execute against the many future, value-creating opportunities that lay ahead for the brand.»

The appointments of Bernard Acoca and Chris Tanco bring Planet Fitness’ Board to eight total directors.

About Planet Fitness
Founded in 1992 in Dover, NH, Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. As of September 30, 2020, Planet Fitness had more than 14.1 million members and 2,086 stores in 50 states, the District of Columbia, Puerto Rico, Canada, the Dominican Republic, Panama, Mexico and Australia. The Company’s mission is to enhance people’s lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone®. More than 95% of Planet Fitness stores are owned and operated by independent business men and women.

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SOURCE Planet Fitness, Inc.

Madrid trials Papercast® power efficient, solar powered e-paper bus stop signs

LONDON, and MADRID, Jan. 20, 2021 /PRNewswire-PRWeb/ — Madrid trials power efficient, solar powered e-paper bus stop signs

Consorcio Regional de Transportes de Madrid (CRTM) completes Papercast® trials

Consorcio Regional de Transportes de la Comunidad de Madrid (CRTM) – the main authority for coordinating public transport operations across city and province – has completed a trial of Papercast® solar powered e-paper displays with Winfin Sistemas…

LONDON, and MADRID, Jan. 20, 2021 /PRNewswire-PRWeb/ — Madrid trials power efficient, solar powered e-paper bus stop signs

Consorcio Regional de Transportes de Madrid (CRTM) completes Papercast® trials

Consorcio Regional de Transportes de la Comunidad de Madrid (CRTM) – the main authority for coordinating public transport operations across city and province – has completed a trial of Papercast® solar powered e-paper displays with Winfin Sistemas S.L..

The trial includes both 13″ and 23″ solar powered e-paper displays in bus shelter and bus stop environments at stations on the intercity passenger transport network.

CRTM has added these displays to its existing network of LED panels to improve the real time information provided to the user, while achieving zero energy consumption – the panel runs on a rechargeable battery that is continually powered by the solar panel installed with the display.

The project was managed by Winfin Systems, Papercast’s partner in Spain, with whom the consortium has a longstanding agreement to develop innovative mobility and smart transport projects. Winfin Systems currently operates more than 600 bus stops for CRTM using LED technology.

«The extremely low power nature of Papercast technology and the eco-friendly benefits of solar power – combined with the ability to provide graphical real-time travel information on a flexible, easy to read display area – presents an opportunity for operators to improve passenger information provision across the transport network, while achieving their sustainability goals,» comments Juan Blanco, CEO at Winfin Sistemas S.L.

The unique attributes of e-paper make it ideal for outside use, with unbeatable screen visibility, even in direct sunlight. Couple this with wireless connectivity and exceptionally low power consumption, and Papercast displays can be continuously solar powered – no power or connectivity cables are required. This means Papercast is quick to install to an existing pole or shelter, while offering a sustainable and environmentally friendly display technology.

— ends —

ABOUT PAPERCAST

Papercast’s next generation bus stop passenger information solution uses wireless solar powered e-paper displays, with a comprehensive content management system developed exclusively for public transport needs. The platform enables transport providers to effortlessly keep passengers informed on real-time and advance service information at bus stops in a clear and user-friendly format.

http://www.papercast.com

Share this story and follow Papercast on Twitter, LinkedIn, Facebook and YouTube

CONTACT INFORMATION

Kerry Marchbank
Marketing Manager
+44 (0)7817 916654
kmarchbank@papercast.com

Media Contact

Kerry Marchbank, Papercast Ltd, +44 7817916654, kmarchbank@papercast.com

 

SOURCE Papercast Ltd

Montana Teamsters Urge Lawmakers Not To Crack Down On Rights Of Workers

HELENA, Mont., Jan. 20, 2021 /PRNewswire/ — Teamsters in the Big Sky State are calling out a state House bill set to receive a hearing later this week that would tamp down on the rights of Montana workers to have freedom over their paychecks and would disrupt the operations of state and local government.

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HELENA, Mont., Jan. 20, 2021 /PRNewswire/ — Teamsters in the Big Sky State are calling out a state House bill set to receive a hearing later this week that would tamp down on the rights of Montana workers to have freedom over their paychecks and would disrupt the operations of state and local government.

Leaders of Teamsters Local 2 and Teamsters Local 190 said HB 168 would intrude on the voluntary relationship between unions and their members. Contrary to what opponents say, no one is forced to join a union or pay dues. The legislation is just the latest example of anti-union forces intentionally trying to muddy the waters on established labor law.

«This bill is a ruse, plain and simple,» Local 190 Secretary-Treasurer Jim Larson said. «It inserts employers between workers and their union so they can reduce the power that solidarity in the workplace brings. In the end, it’s just an illegal government intrusion on the rights of workers.»

«At a time when many Teamsters and others are working in essential jobs that puts their lives at risk, corporate cronies in Helena are trying to crack down on their workplace freedom,» Local 2 Secretary-Treasurer Erin Foley said. «This attack on Montana’s workers is absolutely despicable.»   

The measure would hit school districts and local and state governments particularly hard because they would force them into unnecessary negotiations. Hardworking frontline workers like nurses, firefighters and teachers deserve to be rewarded, but instead would be forced to endure needless hurdles.

Lawmakers who care about hardworking Montanans should just say no to HB 168!

Contact:
Ted Gotsch, (703) 899-0869
tgotsch@teamster.org

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SOURCE International Brotherhood of Teamsters

ALYI Sets Its Strategy Apart From The Rest Of The $800 Billion Electric Vehicle Market

DALLAS, Jan. 20, 2021 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today announced the company CEO, Randell Torno, will publish a corporate update and 2021 outlook this Friday, January 22, 2021.  The company anticipates beginning production and delivery of its first electric motorcycles on an existing order in Sub Saharan Africa to serve the motorcycle taxi (boda) market.  The company has also made substantial progress in the last…

DALLAS, Jan. 20, 2021 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today announced the company CEO, Randell Torno, will publish a corporate update and 2021 outlook this Friday, January 22, 2021.  The company anticipates beginning production and delivery of its first electric motorcycles on an existing order in Sub Saharan Africa to serve the motorcycle taxi (boda) market.  The company has also made substantial progress in the last few months toward bringing a brand name electric vehicle race to Africa as the anchor of its electric vehicle ecosystem driving the design and production of future electric powered transportation to the African market. On Friday, Mr. Torno will share the latest details on the company’s developments and provide his outlook for an anticipated breakout in 2021.  Mr. Torno maintains that the ALYI electric vehicle ecosystem strategy and African focus sets the ALYI electric vehicle market strategy apart from the rest of the industry anticipated to reach over $800 billion by 2027.

For more information and to stay up to date on ALYI’s overall latest developments, please visit www.alternetsystemsinc.com.

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297

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SOURCE Alternet Systems, Inc.

Customers in Control: PowerX Energy Suite Launches on Kickstarter Offering 360-Degree Insight Into and Control of Home Utilities

NEW YORK, Jan. 20, 2021 /PRNewswire-PRWeb/ — Save money, reduce carbon footprints and understand the details of home utilities with the PowerX Energy Suite, launching on Kickstarter today. This suite harnesses the power of AI to monitor and report on utility usage including water heaters, water pipes, and electricity, putting customers in control before a bill arrives.

Technology has enabled people to understand nearly every aspect of their homes and lives. Utility trackers aren’t a new…

NEW YORK, Jan. 20, 2021 /PRNewswire-PRWeb/ — Save money, reduce carbon footprints and understand the details of home utilities with the PowerX Energy Suite, launching on Kickstarter today. This suite harnesses the power of AI to monitor and report on utility usage including water heaters, water pipes, and electricity, putting customers in control before a bill arrives.

Technology has enabled people to understand nearly every aspect of their homes and lives. Utility trackers aren’t a new concept, but they force consumers into a reactive approach to solving usage issues.

The PowerX Energy Suite changes the approach to utility management and tracking with an integrated system that puts customers in control. Offering 360-degree insight into water and energy usage, the PowerX Energy Suite offers a real-time utility bill so customers can make changes before their actual bills arrive. It leverages advances in artificial intelligence and easy-to-install heat, water, and electricity sensors to empower customers to mitigate expensive disasters and reduce energy consumption and costs.

The PowerX Energy Suite is a four-part smart system. PowerX Heat monitors and controls water heaters, PowerX Water attaches to the building’s main water pipe and PowerX Electricity monitors the electric panel and monitors electric appliances. A central hub communicates all incoming data and connects to the internet to give customers understanding and control.

«People are looking for practical ways to live greener lives, but large behavioral changes are hard to stick with,» said Manuel Schönfeld, Founder and CEO of PowerX. «The PowerX Energy Suite offers unprecedented insight into utility usage. Take, for example, a washing machine – with PowerX, users can measure power usage and water consumption gaining a complete picture of the costs associated with that appliance. Replicate that over an entire house, and it’s easy to make simple tweaks and see big savings.»

American homes used 1,437 billion kWh of electricity in 2019, with space heating and cooling making up more than 30% of all usage. Almost 25% of all electricity usage comes from lighting, appliances, and televisions. For water, the EPA estimates that the average family uses more than 300 gallons of water every day – mostly indoors. Of that, nearly two-thirds of water usage comes from the bathroom or faucets.

The PowerX Energy Suite is risk-free and non-invasive, as the installation doesn’t require changes to plumbing or wiring. The sensors don’t require access to electrical outlets, either. The three separate sensors integrate with AI and a smart hub to connect and provide detailed information on usage – down to the appliance. PowerX Heat, in particular, can reduce water heating costs without any change in behavior by the customer. Its AI learns usage patterns and preferred settings to tailor usage needs to the individual household. PowerX Water monitors flow, detects leaks, and provides tailored suggestions for reducing consumption down to the specific faucet or pipe. PowerX Electricity monitors appliances, detects inefficiencies and sends tailored saving tips to the hub.

The PowerX Hub connects all the sensors in the system. It uses WiFi, LAN, and LoRa connectivity with the internet. An accompanying mobile app allows users to read data from the hub, compare data, set goals, understand savings, and receive real-time alerts on usage or problem areas.

PowerX is available to pre-order by visiting pr.go2.fund/powerX.

About PowerX
PowerX is a team of individuals who believe that changing our world begins with a single action. Where do we spend most of our time, money, and energy? Our homes. We realized that finding a way to make this space that we all use every day more efficient could start a movement that could help save our planet. PowerX products have been carefully designed to maximize the efficiency of utility delivery and management for any homeowner or renter. The PowerX mission has been to combat climate change by making it as easy as possible for the average consumer to join the movement of protecting our environment through energy efficiency. We accomplish this by designing and building PowerX Heat, Water, and Electricity units that can fit onto most existing water heaters, water pipes, and electrical panels. For more information, visit http://www.powerx.co.

Media Contact

Lauren Ratcliffe, PowerX, 980-239-7982, lauren@powerx.co

 

SOURCE PowerX

OCC Adopts Final Rule Requiring Large Banks to Provide Fair Access to Banking Services

JACKSONVILLE, Fla., Jan. 20, 2021 /PRNewswire/ — The National ATM Council, Inc. («NAC»), the U.S. trade association representing the Independent/Retail ATM industry, commends the Office of the Comptroller of the Currency (OCC) for adopting a new federal rule aimed at ensuring the provision of fair access to banking services by large national banks, federal savings associations, and federal branches and agencies of foreign bank…

JACKSONVILLE, Fla., Jan. 20, 2021 /PRNewswire/ — The National ATM Council, Inc. («NAC»), the U.S. trade association representing the Independent/Retail ATM industry, commends the Office of the Comptroller of the Currency (OCC) for adopting a new federal rule aimed at ensuring the provision of fair access to banking services by large national banks, federal savings associations, and federal branches and agencies of foreign bank organizations.

«We are hopeful this new OCC rule will bring an end to the current nationwide denial to independent ATM providers of fair and reasonable access to the very same business banking services and accounts otherwise enjoyed by all lawful businesses in the U.S.,» said NAC Executive Director Bruce Renard.

ATM deployers must be able to maintain at least one bank account for the «vault cash» that is loaded into and dispensed from their ATMs. After those funds have been dispensed to ATM customers, they then are replenished electronically with funds transmitted from the withdrawing cardholders’ bank accounts to the ATM deployer’s account, via the U.S. banking system’s financial settlements process. Thus, unless the ATM deployer has a bank account from which to obtain its ATM vault cash and receive return electronic transmissions of those funds, it cannot operate its business. Every ATM business must be sponsored by a bank before being allowed to become a member of the regional and global financial networks through which all ATM transactions are conducted.

Yet far too many of these small-business ATM entrepreneurs are currently unable to obtain or maintain bank accounts with any major national bank in the U.S. These banks account for the largest share of the U.S. bank offices where ATM companies historically have held their ATM vault cash. But businesses in the independent ATM industry now are universally refused accounts because all the big banks have misclassified ATM entrepreneurs as «high-risk» businesses, simply because ATM deployers are «cash-intensive» by nature. However, while they deny banking services to all competitive ATM providers, these very same banks also operate very large «cash-intensive» ATM fleets of their own and charge their cardholders costly «disloyalty fees» each time they use an ATM not owned by their bank.

«The current denial of ATM company accounts by major banks in America is a perfect example of how our banking system went awry in the wake of Operation Choke Point and beyond, cutting off lawful ATM businesses from the banking system for no valid reason whatsoever,» said NAC Chair and Access One CEO George Sarantopoulos. «Regardless of whether the conduct of these banks is based upon anticompetitive or other self-serving motives, misguided federal banking regulation, or some mix of the two, the end result remains the same. Legitimate ATM companies are being denied the basic business banking services that are essential to their businesses. We thank the OCC for taking action to address this important issue for America’s ATM deployers, and to ensure compliance with federal law on the part of our nation’s largest banks.»

Independent ATMs account for almost sixty percent of all the ATMs deployed today in America. These entrepreneurial ATMs have become key to making convenient and widespread cash access a reality throughout our nation. Recognized as «Essential Businesses» by the U.S. Department of Homeland Security, Independent ATMs also continue to play an instrumental role in distributing COVID-19 recovery funds and unemployment insurance payments to the tens of millions of Americans hit hardest by our current national pandemic. Studies have shown that Independent ATMs are virtually the only terminals that serve lower-income inner-city neighborhoods and rural communities throughout the nation where there are no banks or bank provided ATMs, and that otherwise would be «cash deserts.»

The newly adopted OCC rule is scheduled to become effective April 1, 2021.

Photo(s):
https://www.prlog.org/12854725

Press release distributed by PRLog

 

Cision View original content:http://www.prnewswire.com/news-releases/occ-adopts-final-rule-requiring-large-banks-to-provide-fair-access-to-banking-services-301211900.html

SOURCE The National ATM Council, Inc.