Luokung Announces EMG Awarded Exclusive 2020 Golden Globe Award for its «HD Map» Functionality

BEIJING, Jan. 11, 2021 /PRNewswire/ — Luokung Technology Corp. (NASDAQ: LKCO) («Luokung» or the «Company»), a leading interactive location-based services and big data processing technology company in China, today announced that the Company’s previously announced acquisition candidate, eMapgo Technologies (Beijing) Co., Ltd. («EMG») was recently the sole recipient of the «2020 Golden Globe Award for HD Map» at the 4th Annual…

BEIJING, Jan. 11, 2021 /PRNewswire/ — Luokung Technology Corp. (NASDAQ: LKCO) («Luokung» or the «Company»), a leading interactive location-based services and big data processing technology company in China, today announced that the Company’s previously announced acquisition candidate, eMapgo Technologies (Beijing) Co., Ltd. («EMG») was recently the sole recipient of the «2020 Golden Globe Award for HD Map» at the 4th Annual GGAI Conference held in Shanghai, China in December 2020. EMG, Continental, Bosch and other well-known automotive technology service providers won 2020 Intelligent Driving Golden Globe Awards.

The GGAI Conference serves as a symposium for intelligent vehicle developers and manufacturers, focused on industry trends within automation, intelligent cockpit, autonomous driving, and other innovations in the automotive industry. EMG’s CEO, Darwin Lu, was invited to provide the keynote speech to discuss trends and innovation in the sector.

EMG was recognized for its unique mapping capabilities and robust database has covering mainland China, Hong Kong and Macao with over 9-million-kilometer road networks and 80 million POIs. 

As previously announced, Luokung has engaged in a share purchase agreement to acquire 100% of EMG and announced that the two parties are currently in the process of closing the transaction.

Darwin Lu, CEO of EMG noted, «Over the past several years we have focused on developing an HD Map product with the capability of meeting the evolving infrastructure of the automobile industry in China and its surrounding regions. As further developments occur through the form of smart highway, IOV, and autonomous driving, we are able to provide rapid perception and early warning of traffic dangers, effective circulation of traffic information, intelligent road maintenance, as well as digital rescue in critical situations. We are pleased to have received this honor among several well-recognized peers, and were the only mapping technology company to receive this across a wide group of international competitors.»

Mr. Lu concluded, «With the further development of autonomous driving, both EMG and Luokung are solely dedicated to leveraging our combined spatial-temporal and HD Map capabilities to improve our value proposition to manufacturers and consumers. EMG has become an important partner of Microsoft’s MCVP (Microsoft Connected Vehicle Platform) platform, and is recognized as a major participant and a technology leader in the construction of smart highways across China and Vehicle-to-everything (V2X) technology. We believe that these infrastructure changes represent the predecessor to the adoption of autonomous driving throughout China and feel that we are positioned well.»

The GGAI Annual Conference is the largest annual industry, technology, and market exchange and interaction event in China’s automotive intelligent network industry chain. The event was held from December 15-17, 2020 in Shanghai, China. Conference participants included auto manufacturers, Tier 1 suppliers, and other industrial product and technical service providers in fields of smart cockpit, Internet of Vehicles, and autonomous driving. To evaluate the Golden Globe Award candidates, a list of eligible companies is included in each category, weighted on indicators including pre-installation production and future new technology innovation. A comprehensive evaluation is then based on the pre-installation production data monthly tracked by the Gaogong Intelligent Automobile Research Institute. Category winners are voted by industry practitioners, users and OEMs in two rounds. The final award indicators include pre-installation market mass production data/project pre-research and SOP (weighted as 70%), as well as customer reputation and market awareness (weighted as 30%).

About Luokung Technology Corp.

Luokung Technology Corp. is one of the global leading spatial-temporal big-data processing technology companies and a leading interactive location-based services company in China. It provides integrated DaaS, SaaS, and PaaS services for Internet and Internet of Things of Spatial-Temporal big data based on its patented technology. Based on geographic information systems and intelligent Spatial-Temporal big data, it establishes city-level and industry-level digital twin holographic data models to actively serve smart cities, intelligent transportation, smart industry, LBS. http://www.luokung.com

Business Risks and Forward-Looking Statements

This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as «will», «expects», «anticipates», «future», «intends», «plans», «believes», «estimates», «target», «going forward», «outlook» and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

CONTACT:

The Company:
Mr. Jay Yu
Chief Financial Officer
Tel:  +86-10-5327-4727
Email:
ir@luokung.com

INVESTOR RELATIONS
PureRock Communications Limited
Email:
luokung@pure-rock.com

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SOURCE Luokung Technology Corp.

Aptiv Leverages Unique Brain and Nervous System Portfolio to Optimize Vehicle Architecture with New Zone Controllers

DUBLIN, Jan. 11, 2021 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, today announced zone controllers that distribute high-speed data and power between sensors and peripherals, while separating input / output (I/O) from compute in the vehicle.

<a href="https://mma.prnewswire.com/media/651892/Aptiv_Logo.html" target="_blank"…

DUBLIN, Jan. 11, 2021 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, today announced zone controllers that distribute high-speed data and power between sensors and peripherals, while separating input / output (I/O) from compute in the vehicle.

As part of Smart Vehicle Architecture, Aptiv’s approach to enabling the software-defined vehicle, the zone controllers allow OEMs to break apart the vehicle’s physical complexity into more manageable zones and further drive up-integration of distributed ECUs, reducing the weight and lowering total system costs in the vehicle.

«Thanks to our unique position with both the brain and the nervous system of the vehicle, Aptiv is perfectly positioned to help our customers optimize the performance and cost of their vehicles,» said Kevin Clark, president and CEO. «Aptiv’s powerful zone controllers sit at the intersection of these capabilities, helping them reduce complexity, weight and cost, while putting customers one step closer to the software-defined, electric vehicles of the future.»

As a high-speed data and power hub, Aptiv zone controllers simplify complexity by separating I/O from compute, while supporting standardized interfaces and enabling «plug and play» devices. For example, instead of connecting directly to a dedicated ECU, devices connect to an Aptiv zone controller, which then connects to a domain controller over a single common interface. This reduces complexity and improves scalability by allowing domain controllers to focus on higher-level software while maintaining a separate development cycle from the I/O. It also simplifies wiring harnesses to allow more automated assembly and reduces costs.

Aptiv’s deep expertise in advanced vehicle software and hardware architecture, including the insights from over a decade of automated driving experience, informed the development of Aptiv’s zone controllers. This has resulted in several key benefits for next-generation vehicles:

  • Reduced Complexity: Breaking apart the physical complexity of the vehicle simplifies manufacturing while enabling automation to ensure quality and lower cost, while up-integration of distributed ECUs provides compute functionality inside the zones that can be used for feature consolidation.
  • Intelligent Power Management: The zone controllers manage power distribution throughout a vehicle centrally. In the past, wires needed to allow enough tolerance for peak load without having a melting fuse blow. With the benefits of smart fusing, wires can be specified to the physical limit of the load over a specified period of time. This also allows Aptiv’s zone controllers to be flexibly located, which simplifies packaging and reduces cost.
  • Predictive Maintenance: Aptiv’s software can detect when wires attached to the zone controller are close to failing and pass that information back to predictive maintenance systems, helping drivers and fleet operators address potential problems before they affect vehicle operation.

To learn more about Aptiv’s zone controllers and download the whitepaper please visit www.Aptiv.com/zonecontrollers

About Aptiv
Aptiv is a global technology company that develops safer, greener and more connected solutions enabling the future of mobility. Visit aptiv.com.

 

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SOURCE Aptiv PLC

Aptiv Leverages Unique Brain and Nervous System Portfolio to Optimize Vehicle Architecture with New Zone Controllers

DUBLIN, Jan. 11, 2021 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, today announced zone controllers that distribute high-speed data and power between sensors and peripherals, while separating input / output (I/O) from compute in the vehicle.

<a href="https://mma.prnewswire.com/media/651892/Aptiv_Logo.html" target="_blank"…

DUBLIN, Jan. 11, 2021 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, today announced zone controllers that distribute high-speed data and power between sensors and peripherals, while separating input / output (I/O) from compute in the vehicle.

As part of Smart Vehicle Architecture, Aptiv’s approach to enabling the software-defined vehicle, the zone controllers allow OEMs to break apart the vehicle’s physical complexity into more manageable zones and further drive up-integration of distributed ECUs, reducing the weight and lowering total system costs in the vehicle.

«Thanks to our unique position with both the brain and the nervous system of the vehicle, Aptiv is perfectly positioned to help our customers optimize the performance and cost of their vehicles,» said Kevin Clark, president and CEO. «Aptiv’s powerful zone controllers sit at the intersection of these capabilities, helping them reduce complexity, weight and cost, while putting customers one step closer to the software-defined, electric vehicles of the future.»

As a high-speed data and power hub, Aptiv zone controllers simplify complexity by separating I/O from compute, while supporting standardized interfaces and enabling «plug and play» devices. For example, instead of connecting directly to a dedicated ECU, devices connect to an Aptiv zone controller, which then connects to a domain controller over a single common interface. This reduces complexity and improves scalability by allowing domain controllers to focus on higher-level software while maintaining a separate development cycle from the I/O. It also simplifies wiring harnesses to allow more automated assembly and reduces costs.

Aptiv’s deep expertise in advanced vehicle software and hardware architecture, including the insights from over a decade of automated driving experience, informed the development of Aptiv’s zone controllers. This has resulted in several key benefits for next-generation vehicles:

  • Reduced Complexity: Breaking apart the physical complexity of the vehicle simplifies manufacturing while enabling automation to ensure quality and lower cost, while up-integration of distributed ECUs provides compute functionality inside the zones that can be used for feature consolidation.
  • Intelligent Power Management: The zone controllers manage power distribution throughout a vehicle centrally. In the past, wires needed to allow enough tolerance for peak load without having a melting fuse blow. With the benefits of smart fusing, wires can be specified to the physical limit of the load over a specified period of time. This also allows Aptiv’s zone controllers to be flexibly located, which simplifies packaging and reduces cost.
  • Predictive Maintenance: Aptiv’s software can detect when wires attached to the zone controller are close to failing and pass that information back to predictive maintenance systems, helping drivers and fleet operators address potential problems before they affect vehicle operation.

To learn more about Aptiv’s zone controllers and download the whitepaper please visit www.Aptiv.com/zonecontrollers

About Aptiv
Aptiv is a global technology company that develops safer, greener and more connected solutions enabling the future of mobility. Visit aptiv.com.

 

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SOURCE Aptiv PLC

Aptiv Introduces Next-Gen ADAS Platform for Highly Automated and Electrified Vehicles

DUBLIN, Jan. 11, 2021 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, today announced its next-generation Level 1-3 capable ADAS platform.

DUBLIN, Jan. 11, 2021 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, today announced its next-generation Level 1-3 capable ADAS platform.

Aptiv has been leading the development of advanced driver-assistance systems (ADAS) for more than 20 years, from launching the industry’s first radar-based Adaptive Cruise Control system in 1999 to its autonomous driving joint venture, Motional, which will be among the first to put fully driverless vehicles on public roads.

Aptiv’s unique full-stack capabilities are helping customers realize their technology roadmaps and democratize advanced safety systems faster and at a lower cost. Its award-winning first-generation automated driving satellite compute platform has been a game-changer in the industry, leveraging the integration of its Satellite Architecture and active safety software, perception systems and compute. Aptiv’s Satellite Architecture is being deployed by multiple OEMs around the world on more than 10 million vehicles over the next few years.

Building on this trusted foundation, Aptiv’s next-gen ADAS platform will enable new levels of safety, comfort and convenience. Purpose-built for scalability, it cost-effectively spans all vehicle segments by managing the software complexity and supporting features that range from entry-level safety compliance to advanced highway pilot and parking assist. Aptiv’s ADAS platform has the ability to incorporate future technologies and features, including those developed in collaboration with Motional, providing further scalability to higher levels of automation.

«Our next-gen ADAS solution cost-effectively delivers safety features over the lifetime of the vehicle that exceed consumer expectations on a platform upon which OEMs can continue to innovate,» said Kevin Clark, CEO and president. «Our unique position as the only provider of both the brain and the nervous system of the vehicle makes Aptiv the partner of choice for developing software-defined safety solutions that can be democratized as they mature.»

As part of Smart Vehicle Architecture™, Aptiv’s next-gen ADAS platform is fully compatible with emerging zone control architectures, enabling new business models for OEMs through the creation of new features and services that can be updated over-the-air (OTA).

Aptiv’s next-gen ADAS platform also applies an Industry 5.0 approach to safety, ensuring that the driver and the vehicle work together flawlessly. Using the latest generation of up-integrated driver-state sensing and interior sensing solutions – augmented by scalable software – Aptiv’s platform not only verifies if the driver’s eyes are on the road, it also recognizes and responds to body positioning, gestures and eye movement to provide a higher level of safety.

The next-gen ADAS platform continues the acceleration of software-defined vehicles through Aptiv’s scalable full-stack features and offerings, including:

  • Proven Software Stack: Utilizes differentiated and modularized software at every level of the stack on an open, centralized compute platform that allows for the creation of new features and services.
  • Next-Generation Sensor Suite:  The next-gen platform utilizes the industry’s best-in-class interior and exterior sensing capabilities including radars, vision, and LiDAR. Among these sensors is Aptiv’s sixth-generation corner/side radars and forward-facing radars, as well as Aptiv’s first 4D imaging radar, which provides twice the detection range versus what is available on the market today. Aptiv’s Interior Sensing Platform includes radars, ultrasonic sensing, and cabin cameras, enabling OEMs to develop brand-building user experience.
  • Advanced Sensor Fusion:  Supporting the most advanced features requires a comprehensive and reliable environmental model. The platform’s differentiation comes from Aptiv’s advanced AI and machine learning algorithms to fuse 360-degree sensor inputs, providing a detailed rendering of the environment around the vehicle.
  • Development Tool Chain:  Gives OEMs the flexibility to drive further innovation on top of Aptiv’s proven solutions to accelerate the development of safe, green and connected features consumers want with the proven automotive-grade systems they can trust.

A whitepaper on Aptiv’s next-gen ADAS platform and additional information can be found at www.Aptiv.com/adasplatform.

About Aptiv
Aptiv is a global technology company that develops safer, greener and more connected solutions enabling the future of mobility. Visit www.Aptiv.com.

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SOURCE Aptiv PLC

PepsiCo Selects 10 Emerging Innovators To Grow the Next Generation of Wellness Technologies, Services and Ingredients

PURCHASE, N.Y., Jan. 11, 2021 /PRNewswire/ — PepsiCo (NASDAQ:PEP) announced today the 10 finalists from around the world that join its fifth annual Greenhouse Accelerator, a mentor-guided program supporting the acceleration of the latest innovators that seek to transform the ways consumers eat, drink and…

PURCHASE, N.Y., Jan. 11, 2021 /PRNewswire/ — PepsiCo (NASDAQ:PEP) announced today the 10 finalists from around the world that join its fifth annual Greenhouse Accelerator, a mentor-guided program supporting the acceleration of the latest innovators that seek to transform the ways consumers eat, drink and live their lives. This year’s Greenhouse Accelerator program looks outside the box in areas like emerging science and technology that can help PepsiCo stay close to evolving consumer tastes and preferences. Each of the participating companies will receive $20,000 in grant funding and begin a six-month business program designed to accelerate their growth through personalized mentorship.

«We’re excited to evolve our Greenhouse Accelerator program to new areas including cutting-edge science and technology,» said Daniel Grubbs, Managing Director, PepsiCo Ventures Group. «We have a lot to learn from this group and look forward to collaborating closely with these 10 innovators who are changing the game through personalization, emerging technologies, and unique services and ingredients.» 

The 10 innovators will receive personalized mentorship from experts at PepsiCo across functions including Research and Development, Supply Chain and Design. Mentors will collaborate with the companies to solve a range of business challenges, including business model development, scaling technology and go-to-market strategy. In June, one company will be awarded an additional $100,000 in funding to continue its growth.

«There’s no question that COVID-19 has renewed consumer interest in taking control of their personal health and wellness, and we continue to explore how this evolves in the food and beverage space,» said Antonio Tataranni, SVP, R&D and Chief Medical Officer, PepsiCo. «Our Research and Development team continues to look for emerging and disruptive solutions that address consumer needs, such as creative innovations in personalized nutrition, functional foods and supplements, and new technologies that enable vitality.»

The 10 companies selected for the fifth annual global PepsiCo Greenhouse Accelerator program are:*

Company Name

Location

Description

BioLumen

San Francisco, California, U.S.

BioLumen is a nutritional technology company which engineers 100% natural structured fiber that absorbs sugars and fats in the stomach.

Biosustain Labs

Kodagu, India

Biosustain Labs develops sustainable functional food products for consumers looking for specific health benefits from their foods.

Braingaze

Barcelona, Spain

Braingaze is a scientifically proven and clinically validated digital solution to detect and treat cognitive dysfunctions using mind-tracking technology.

Canomiks

Rochester, Minnesota, U.S.

Canomiks is making food as medicine a reality through its genomics and AI-based Product Superiority Platform, a platform that helps companies in the functional food and beverage, dietary supplement and skincare industries develop safe and efficacious products.

Carbiotix AB

Lund, Sweden

Carbiotix AB is pioneering microbiome healthcare through modulators and gut health testing services.

LifeNome – Ask
Sophie

New York, New York, U.S.

LifeNome’s Ask Sophie is a precision pregnancy nutrition and health companion that targets an expecting mother’s unique biological needs from preconception to post-delivery.

Melico Science

London, UK

Specializing in precision nutrition and wellness, Melico Science uses advanced technology to provide metabolically personalized dietary advice using chemical fingerprinting of a urine sample to give consumers the tools they need to be their healthiest self.

Seqbiome

Cork, Ireland

SeqBiome currently offers microbiome sequencing, analysis, and consultancy for industry to academia clients, and is now looking to expand this into a B2C offering to athletic and performance consumers to improve or maintain their overall physical and mental performance.

Sphera Encapsulation

Verona, Italy

Sphera Encapsulation is building a more sustainable food system by using patented technology to develop the next generation of encapsulated products, such as functional foods or taken as functional supplements that have a meaningful social, environmental and health impact.

ZBiotics

San Francisco, California, U.S.

ZBiotics uses proprietary technology to make genetically engineered probiotics that execute specific beneficial functions for your body, making your healthy life healthier.

The finalists were selected by a committee of leaders within PepsiCo based on their ability to offer ingredients, products or services that encourage a healthy lifestyle and enable health management and wellness on a global scale.

The Greenhouse Accelerator program first launched in Europe in 2017 and expanded to North America in 2018. Over the years, the program has evolved to support the innovators and entrepreneurs that appeal to consumer needs. For more details on this year’s PepsiCo Greenhouse Accelerator program and the 10 finalists, please visit: https://greenhouseaccelerator.com/

*The descriptions of each start-up are based on the respective company’s own words. PepsiCo has not verified the accuracy of the product claims of the companies, does not endorse, and is not responsible for the content, actions, or omissions of the companies.

About PepsiCo 
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $67 billion in net revenue in 2019, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including 23 brands that generate more than $1 billion each in estimated annual retail sales. Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. «Winning with Purpose» reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of the business. For more information, visit www.pepsico.com.  

Media Contact:
Lauren Levine
Lauren.Levine@pepsico.com  
(631) 838-6805

 

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SOURCE PepsiCo, Inc.

Li-Cycle and New Flyer Team Up to Complete Heavy-Duty Battery Recycling Pilot

ONTARIO, Canada, Jan. 11, 2021 /PRNewswire/ — Li-Cycle Corp. (Li-Cycle), North America’s largest lithium-ion battery recycling company, today announced its successful completion of a battery recycling pilot with New Flyer Industries Canada ULC and New Flyer of America Inc. (together «New Flyer»), subsidiaries of NFI Group Inc. («NFI»), one of the world’s leading independent global bus manufacturers.

New Flyer provided Li-Cycle with 45 end-of-life lithium-ion…

ONTARIO, Canada, Jan. 11, 2021 /PRNewswire/ — Li-Cycle Corp. (Li-Cycle), North America’s largest lithium-ion battery recycling company, today announced its successful completion of a battery recycling pilot with New Flyer Industries Canada ULC and New Flyer of America Inc. (together «New Flyer»), subsidiaries of NFI Group Inc. («NFI»), one of the world’s leading independent global bus manufacturers.

New Flyer provided Li-Cycle with 45 end-of-life lithium-ion battery modules (used for research and development)  totaling 3,200 pounds; these batteries will be processed at Li-Cycle’s Spoke facility and turned into black mass, an industry term for a mixture of lithium, nickel, cobalt and copper. Li-Cycle’s Hub processes black mass in order to produce critical, battery-grade materials from recycled sources, as well as other recycled materials that can be returned to the economy.

«We are thrilled to team up with New Flyer to help spearhead the closed-loop resource recovery of electric bus batteries,» said Li-Cycle Chief Commercial Officer Kunal Phalpher. «As of 2019, approximately 425,000 of the world’s buses are electric. By recycling thousands of pounds of lithium-ion batteries, we’re serving the dual purpose of reducing hazardous waste, while recovering critical materials so they can be reintroduced into the supply chain. The compounded benefits of this partnership will have a significant positive environmental impact, which can be a model for cities around the world.»

Lithium-ion batteries have traditionally been impractical to recycle, creating hazardous waste and the loss of valuable, finite materials. Historically, many have been landfilled or partially recycled through pyro-metallurgical processes, which have only an average recovery rate of 40%. However, these methods are inefficient and lead to environmental decay, wasted resources, and have a negative impact on an otherwise environmentally friendly vision of electrification.

«As our customers transition to zero-emission mobility, they do so with a focus on cradle to grave sustainability. The demand for battery recycling is growing, so too is the desire to lessen environmental impact on our communities. Our pilot with Li-Cycle is delivering just this and we are optimistic in offering battery recycling in future,» said Chris Stoddart, President, New Flyer and MCI. «We’re committed to providing sustainable mobility solutions from procurement through vehicle retirement. Working with Li-Cycle delivers a triple sustainability benefit: we recover critical resources and divert them from landfills, provide them for re-use in the battery supply chain, and do so through Li-Cycle’s proprietary clean recycling process that minimizes impact to surrounding environments.»

New Flyer and Li-Cycle are both members of CALSTART, an international nonprofit dedicated to accelerating the pace of clean technology and the adoption of clean transportation.

Ajay Kochhar and Tim Johnston co-founded Li-Cycle in 2016 with a vision to be the most sustainable, vertically integrated and globally preeminent lithium-ion battery resource recovery company. Li-Cycle’s Spoke & Hub Technologies provide a low cost, safe, and environmentally friendly process that can recycle all types of lithium-ion batteries, with an unparalleled recovery rate of ≥95% of all materials. Li-Cycle’s industry-leading innovations make it uniquely positioned to support a key element of the growing international movement towards zero carbon technologies. The company recently closed a Series C equity funding round to fund further facility deployment and to drive expansion into international markets.

About Li-Cycle Corp.
Li-Cycle Corp. (Li-Cycle) is on a mission to leverage its innovative Spoke & Hub Technologies to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage the end-of-life of these batteries – and to meet the rapidly growing demand for critical and scarce battery-grade materials through a closed-loop solution.

About New Flyer
New Flyer is North America’s heavy-duty transit bus leader and offers the most advanced product line under the Xcelsior® and Xcelsior CHARGE™ brands. It also offers infrastructure development through New Flyer Infrastructure Solutions™, a service dedicated to providing safe, sustainable, and reliable charging and mobility solutions. New Flyer actively supports over 35,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 8,600 are powered by electric motors and battery propulsion and 1,900 are zero-emission. Further information is available at www.newflyer.com.

Li-Cycle Media Contact:
Len Fernandes
Firecracker PR
288717@email4pr.com
(888) 317-4687 ext. 707

 

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SOURCE Li-Cycle

Khaled Salem, U.S. Senate Candidate for New York, Demands that Donald Trump Pay for Damages to Capitol

NEW YORK, Jan. 11, 2021 /PRNewswire/ — Khaled Salem, who is running for the U.S. Senate in New York, today issued a statement demanding that Donald Trump pay for the damages he caused to the U.S. Capitol building by inciting a violent riot there on January 6. He urged all Americans to file lawsuits against Trump, as an individual, for the destructive consequences of the…

NEW YORK, Jan. 11, 2021 /PRNewswire/ — Khaled Salem, who is running for the U.S. Senate in New York, today issued a statement demanding that Donald Trump pay for the damages he caused to the U.S. Capitol building by inciting a violent riot there on January 6. He urged all Americans to file lawsuits against Trump, as an individual, for the destructive consequences of the lethal spree conducted by his followers. In his view, the insurrectionist violence and vandalism will cause real financial harm to Americans in the forms of increased taxes and borrowing to pay for repairs and increased security over the long term.

«This is not an abstraction,» Khaled explained. «We all know that this little man’s temper tantrum led directly to hundreds of thousands of dollars in physical damages to the Capitol. But, going forward, the increased security services and adding of security features to government buildings everywhere as the result of this violence is going to cost American taxpayers billions of dollars. Why should we shoulder this burden? It’s a worthwhile matter to pursue, in my view.»

In addition, Khaled condemned the anti-democratic actions of the rioters and their primary instigator. «This is now what America is about, and everyone who participated in this disgraceful incident is well aware of this fact. The irony is that the protesters were demanding democracy—but they were engaging in fascist tactics. We elect representatives to govern in the name of the people. If we don’t like them, we vote them out. We don’t threaten to kill them if we disagree or contest an election.»

As a U.S. Senator, Khaled is committed to serving the people of New York state with dignity and honor, two qualities that were sadly lacking on January 6. In his view, the attacks and threats made on that day are an unfortunate extension of the personal attacks that are now so common in American politics. «If you don’t agree with someone, you can be productive and make a difference by engaging in an argument with their policies. But if you degenerate into personal attacks, you’re accomplishing nothing for the country,» he added.

Khaled also remarked, sadly, «Let’s also never forget that a brave police officer was beaten to death by this mob. Trump and his supporters essentially engaged in a terrorist act against all Americans. This tragic event should negate Trump’s chance to run again for the presidency in 2024. The rule of law must prevail.»

Khaled, a longtime resident of Brooklyn, is renowned as a fighter for human and religious rights for Americans at home and abroad. In addition to advocating for the release of American detainees in the Arab world and elsewhere, he advocates for less restrictive immigration laws. His other policy positions include the following highlights:

  • A stop to the policy of showing place of birth on U.S. passports, a practice that leads to discrimination and harassment of American citizens when they travel abroad.
  • Laws and procedures to reduce domestic violence nationwide.
  • A reduction in U.S.  Military activity and presence in the Middle East.
  • A policy that requires these regions pay for American military services.
  • The establishment of a home loan program for middle class single parents.

Khaled is running in the next general election, scheduled for November 8, 2022. Thirty-four of the Senate’s 100 seats are being contested in these elections.

For more information, visit https://www.khaled2022forcongress.com/
Or visit https://www.facebook.com/Khaledforcongress/, https://twitter.com/KhaledYork,

Contact:
Khaled Salem
518-348-6868
288813@email4pr.com

 

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SOURCE Khaled for U.S. Senate in New York

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

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

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

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

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

About Ultra Clean Holdings, Inc.

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

Use of Non-GAAP Measures

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

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

Safe Harbor Statement

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

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

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SOURCE Ultra Clean Holdings, Inc.

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

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

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

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

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

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

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

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

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

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

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

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

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

Related Reports:

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

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

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

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

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

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

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

 

January 11, 2021

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

Dear President Trump,

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

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

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

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

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

Sincerely, 
Kyle Kazan

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

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

 

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SOURCE Glass House Group