Categoría: Influencers

Canadian Solar Sells Two Solar Projects to BluEarth Renewables, Supplying Low-Cost Clean Energy to the Government of Alberta

GUELPH, ON, Jan. 5, 2021 /PRNewswire/ — Canadian Solar Inc. («Canadian Solar») (NASDAQ: CSIQ) today announced it has sold an ownership interest in its Hays and Jenner solar projects to BluEarth Renewables («BluEarth»). BluEarth will also assume management responsibilities of the…

GUELPH, ON, Jan. 5, 2021 /PRNewswire/ — Canadian Solar Inc. («Canadian Solar») (NASDAQ: CSIQ) today announced it has sold an ownership interest in its Hays and Jenner solar projects to BluEarth Renewables («BluEarth»). BluEarth will also assume management responsibilities of the projects. Located in southeast Alberta, both projects are 31 MWp (23 MWAC) in size. The projects are co-owned by Conklin Métis Local 193, an indigenous community based in the rural hamlet of Conklin and part of the Athabasca Oil Sands region in eastern Alberta. Both projects are expected to start commercial operation in 2021. 

«This is our third transaction with BluEarth and given their strong Alberta presence and deep experience in operating and maintaining large-scale clean energy projects, we believe they are the right owners for the Hays and Jenner solar projects. These projects together will generate clean electricity for tens of thousands of Alberta homes each year,» said Dr. Shawn Qu, Chairman and CEO of Canadian Solar. «We thank BluEarth for their continued trust and for seeing the value that these best-in-class solar projects will provide to their customers and to the citizens of Alberta, furthering a leadership role in the clean energy transition.»

«Alberta is home to some of the best solar power resource in Canada and we look forward to bringing these projects to market with our partner, Conklin Métis Local 193,» commented Grant Arnold, President and CEO of BluEarth. «As we exit 2020, we’re pleased this transaction came together with Canadian Solar, expanding BluEarth’s solar portfolio in southern Alberta and bringing our combined solar capacity to 233 MWAC (183 MWAC net).»

«Conklin Métis Local 193 congratulates Canadian Solar on the sale of its interest. We look forward to working with BluEarth in moving ahead with the Hays and Jenner projects,» commented Shirley Tremblay, President of Conklin Métis Local 193.

The Hays and Jenner solar projects will use Canadian Solar’s bifacial modules and single-axis trackers, further commercializing this technology in Canada after being first deployed on Canadian Solar’s Suffield Solar Project, which is now owned by BluEarth.

For more information about the Hays and Jenner solar projects, please visit BluEarth’s website.

About Canadian Solar Inc.

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

About Recurrent Energy  

Recurrent Energy is a leading utility-scale solar and storage project developer, delivering competitive, clean electricity to large energy buyers. Based in the U.S., Recurrent Energy is a wholly owned subsidiary of Canadian Solar Inc. and functions as Canadian Solar’s U.S. project development arm. Recurrent Energy has approximately 5 GW of solar and storage projects in development in the U.S. Additional details are available at www.recurrentenergy.com.   

About BluEarth Renewables

BluEarth Renewables brings together extraordinary people with the power to change the future™ by delivering renewable energy to the power grid every day. We are a leading, independent, power producer that acquires, develops, builds, owns and operates wind, hydro and solar facilities across North America. Our portfolio includes 418 MW net (513 MW gross) of nameplate capacity in operation and under construction and over 2,000 MW under development. For more information, visit bluearthrenewables.com or follow us on Twitter, LinkedIn and Facebook.

Safe Harbor/Forward-Looking Statements  

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

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SOURCE Canadian Solar Inc.

CECO Environmental To Present At The 23rd Annual Needham Virtual Growth Conference On January 14th

DALLAS, Jan. 5, 2021 /PRNewswire/ — CECO Environmental Corp. (Nasdaq: CECE) today announced that Todd Gleason, Chief Executive Officer, and Matthew Eckl, Chief Financial Officer, will present at the 23rd Annual Needham Virtual Growth Conference on Wednesday, January 14th at 10:00 AM Eastern Time.  CECO’s presentation can be accessed…

DALLAS, Jan. 5, 2021 /PRNewswire/ — CECO Environmental Corp. (Nasdaq: CECE) today announced that Todd Gleason, Chief Executive Officer, and Matthew Eckl, Chief Financial Officer, will present at the 23rd Annual Needham Virtual Growth Conference on Wednesday, January 14th at 10:00 AM Eastern Time.  CECO’s presentation can be accessed through the Needham conference portal for registered participants and in the investor relations section of the Company’s website: https://investors.cecoenviro.com/events-webcasts-and-presentations.  

About CECO:
CECO Environmental is a global leader in air quality and fluid handling serving the energy, industrial and other niche markets. Providing innovative technology and application expertise, CECO helps companies grow their business with safe, clean and more efficient solutions that help protect our shared environment. In regions around the world, CECO works to improve air quality, optimize the energy value chain and provide custom engineered solutions for applications including oil and gas, power generation, water and wastewater, battery production, poly silicon fabrication, chemical and petrochemical processing along with a range of others. CECO is listed on Nasdaq under the ticker symbol «CECE.»  For more information, please visit www.cecoenviro.com.

Contact:
Matthew Eckl, Chief Financial Officer 
(888) 990-6670
investor.relations@OneCECO.com

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SOURCE CECO Environmental Corp.

CECO Environmental To Present At The 23rd Annual Needham Virtual Growth Conference On January 14th

DALLAS, Jan. 5, 2021 /PRNewswire/ — CECO Environmental Corp. (Nasdaq: CECE) today announced that Todd Gleason, Chief Executive Officer, and Matthew Eckl, Chief Financial Officer, will present at the 23rd Annual Needham Virtual Growth Conference on Wednesday, January 14th at 10:00 AM Eastern Time.  CECO’s presentation can be accessed…

DALLAS, Jan. 5, 2021 /PRNewswire/ — CECO Environmental Corp. (Nasdaq: CECE) today announced that Todd Gleason, Chief Executive Officer, and Matthew Eckl, Chief Financial Officer, will present at the 23rd Annual Needham Virtual Growth Conference on Wednesday, January 14th at 10:00 AM Eastern Time.  CECO’s presentation can be accessed through the Needham conference portal for registered participants and in the investor relations section of the Company’s website: https://investors.cecoenviro.com/events-webcasts-and-presentations.  

About CECO:
CECO Environmental is a global leader in air quality and fluid handling serving the energy, industrial and other niche markets. Providing innovative technology and application expertise, CECO helps companies grow their business with safe, clean and more efficient solutions that help protect our shared environment. In regions around the world, CECO works to improve air quality, optimize the energy value chain and provide custom engineered solutions for applications including oil and gas, power generation, water and wastewater, battery production, poly silicon fabrication, chemical and petrochemical processing along with a range of others. CECO is listed on Nasdaq under the ticker symbol «CECE.»  For more information, please visit www.cecoenviro.com.

Contact:
Matthew Eckl, Chief Financial Officer 
(888) 990-6670
investor.relations@OneCECO.com

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SOURCE CECO Environmental Corp.

Aleph Farms and Mitsubishi Bring Cultivated Meat to Japan

REHOVOT, Israel, Jan. 5, 2021 /PRNewswire/ — Aleph Farms, Ltd., and Mitsubishi Corporation’s Food Industry Group signed a Memorandum of Understanding (MoU) to bring cultivated meat to the Japanese table. Aleph Farms will provide its proven, scalable manufacturing platform (BioFarm™) for cultivation of…

REHOVOT, Israel, Jan. 5, 2021 /PRNewswire/ — Aleph Farms, Ltd., and Mitsubishi Corporation’s Food Industry Group signed a Memorandum of Understanding (MoU) to bring cultivated meat to the Japanese table. Aleph Farms will provide its proven, scalable manufacturing platform (BioFarm™) for cultivation of whole-muscle steaks. Mitsubishi Corporation will provide its expertise in biotechnology processes, branded food manufacturing, and local distribution channels in Japan.

«The MoU with Mitsubishi Corporation’s Food Industry Group marks an important milestone for us, as we methodically build the foundations of our global go-to-market activities with selected partners,» notes Didier Toubia, Co-Founder and CEO of Aleph Farms.

Mitsubishi Corporation is a global integrated business enterprise that develops and operates a global network of 1,700 group companies in 90 countries. With yearly revenue of US$140B, Mitsubishi Corporation is comprised of 10 Business Groups covering virtually every industry. The Food Industry Group covers food resources, fresh foods, consumer products, and food ingredients, and is active in every link of the food supply chain, from the production and sourcing of raw materials to the manufacturing of finished food products.

«The cooperation demonstrates Aleph Farms’ strategy of working together with the food and meat industries to ensure a successful integration of cultivated meat within the ecosystem, while maximizing the positive impact we make,» adds Toubia. «We are excited to bring cultivated meat production closer to the Japanese market.»

This cooperation takes a lead role in the fight against climate change, especially now that the Japanese government stipulated a goal of achieving zero greenhouse gas emissions. In April 2020, Aleph Farms committed to eliminating emissions associated with its meat production by 2025 and reach the same net-zero emissions across its entire supply chain by 2030. As the demand for meat continues to rise with evolving lifestyles, the cooperation will also provide actionable solutions to overcome the societal challenges to the local population surrounding the domestic meat supply. This includes implementing stable food channels of quality nutrition.

«This is part of a network of ‘BioFarm to Fork’ strategic partnerships being developed by Aleph Farms in APAC, LATAM, and Europe, following the successful 2019 Round-A strategic investment by Cargill and the Migros Group in Switzerland,» reports Gary Brenner, VP of Market Development at Aleph Farms.

Aleph Farms and Mitsubishi Corporation are members of the «Cellular Agriculture Study Group», a consortium implementing policy proposals under the Japanese Center for Rule-Making Strategy. The consortium brings together a range of experts on the definition and construction of cellular agricultural foods. It also adds clarification of conditions for Japanese products and technologies to have international competitiveness and establishes mechanisms for coexistence and division of roles with existing industries.

About Aleph Farms:

Aleph Farms is a food company that is paving a new way forward as a leader of the global sustainable food ecosystem, working passionately to grow delicious beef steaks from non-genetically engineered cells, isolated from a cow, using a fraction of the resources required for raising an entire animal for meat, and without antibiotics. Aleph Farms was co-founded with The Kitchen Hub of the Strauss Group and with Professor Shulamit Levenberg, Dean of the Biomedical Engineering faculty of the Technion – Israel Institute of Technology. Aleph Farms is backed by some of the world’s most innovative food producers, such as Cargill, Migros, and the Strauss Group.

The company has recently received top accolades for its contribution to the global sustainability movement from the World Economic Forum, UNESCO, Netexplo Forum and EIT Food.

For further information, please contact:

 

Company Contact:

Press Contact

Aleph Farms

NutriPR

Mr. Yoav Reisler

External Relations Manager at Aleph Farms 

Tel: +972-52-4559924

press@aleph-farms.com 

Ms. Liat Simha

Tel: +972-9-974-2893

liat@nutripr.com

www.nutripr.com 

Twitter: @LiatSimha

 

 

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SOURCE Aleph Farms

Ansys Announces Winners of 2020 Art of Simulation Competition

PITTSBURGH, Jan. 5, 2021 /PRNewswire/ —

PITTSBURGH, Jan. 5, 2021 /PRNewswire/ —

/ Key Highlights

  • Ansys announces winners of its inaugural Art of Simulation competition 
  • The competition commemorates Ansys’ 50th anniversary and showcases how engineers are using simulation to shape future innovations

The six winning entries of the first annual Ansys (NASDAQ: ANSS) Art of Simulation competition showcase how engineers are using Ansys’ cutting-edge simulation solutions to solve critical engineering challenges. The competition, which was launched to commemorate the company’s 50th anniversary, asked Ansys software users to share their most aesthetically pleasing simulation images to demonstrate the art that emerges from science.

The winning images range from the radiation patterns of the most complex fighter aircraft radar system to an analytical approach to improving kidney dialysis.

Internal judges narrowed down more than 200 submissions to select finalists across six categories for public voting. More than 3,600 votes were cast across the categories of 3D design, electromagnetics, structures, fluids, healthcare and multiphysics.

Art of Simulation Winners:

Healthcare:

  • Tamás Büki, CTO at YourAnastomosis, simulated the changes occurring in the walls of an artery used for kidney dialysis to better understand the changes seen during microscopic analysis of the artery tissue.

Structures:

  • Boukhssas Salim, a mechanical engineering student at the Mohammadia School of Engineers in Morocco, studied the structural deformation of a train disc brake to minimize brake distortion during operation and improve safety.

Fluids:

  • Rituja Kulkarni, CFD research assistant at the University of Cincinnati, analyzed the airflow in her apartment by simulating the wind entering through a window and balcony door, along with the effect of a rotating ceiling fan.

3D Design:

  • Rodrygo Karassawa Zanoni, senior specialist engineer with FEM3D, analyzed the structural stress and deformation of a jacket seafastening.

Electromagnetics:

  • Alexander Shalaby, a microwave design specialist at Meggitt Airframe Systems, simulated the radiation pattern of an active electronically scanned array radar with more than one thousand elements behind the nose cone of a fifth-generation fighter aircraft.

Multiphysics:

  • Rahul Singh, an engineer with BRP, used multiphysics simulations to account for heating, cooling, pressure and fatigue in the development of a 300 horsepower, two-stroke outboard marine engine.

«We were overwhelmed by the artistic expression of the images that emerged when engineers used simulation to solve their toughest challenges,» said Lynn Ledwith, vice president and chief marketing officer at Ansys. «This first year of the Art of Simulation competition was a tremendous success in terms of the number of high-quality submissions we received worldwide. The images showcased not only the winners’ technical achievements, but also captured the beauty, art and imagination of their work.»

View the Ansys Art of Simulation web page to see the winning images and learn more about the competition.

/ About Ansys

If you’ve ever seen a rocket launch, flown on an airplane, driven a car, used a computer, touched a mobile device, crossed a bridge or put on wearable technology, chances are you’ve used a product where Ansys software played a critical role in its creation. Ansys is the global leader in engineering simulation. Through our strategy of Pervasive Engineering Simulation, we help the world’s most innovative companies deliver radically better products to their customers. By offering the best and broadest portfolio of engineering simulation software, we help them solve the most complex design challenges and create products limited only by imagination. Founded in 1970, Ansys is headquartered south of Pittsburgh, Pennsylvania, U.S.A. Visit www.ansys.com for more information.

Ansys and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.

ANSS–T

/ Contacts

Media

Mary Kate Joyce

724.820.4368
marykate.joyce@ansys.com  

Investors

Annette N. Arribas, IRC

724.820.3700

annette.arribas@ansys.com

 

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SOURCE Ansys

Aleph Farms and Mitsubishi Bring Cultivated Meat to Japan

REHOVOT, Israel, Jan. 5, 2021 /PRNewswire/ — Aleph Farms, Ltd., and Mitsubishi Corporation’s Food Industry Group signed a Memorandum of Understanding (MoU) to bring cultivated meat to the Japanese table. Aleph Farms will provide its proven, scalable manufacturing platform (BioFarm™) for cultivation of…

REHOVOT, Israel, Jan. 5, 2021 /PRNewswire/ — Aleph Farms, Ltd., and Mitsubishi Corporation’s Food Industry Group signed a Memorandum of Understanding (MoU) to bring cultivated meat to the Japanese table. Aleph Farms will provide its proven, scalable manufacturing platform (BioFarm™) for cultivation of whole-muscle steaks. Mitsubishi Corporation will provide its expertise in biotechnology processes, branded food manufacturing, and local distribution channels in Japan.

«The MoU with Mitsubishi Corporation’s Food Industry Group marks an important milestone for us, as we methodically build the foundations of our global go-to-market activities with selected partners,» notes Didier Toubia, Co-Founder and CEO of Aleph Farms.

Mitsubishi Corporation is a global integrated business enterprise that develops and operates a global network of 1,700 group companies in 90 countries. With yearly revenue of US$140B, Mitsubishi Corporation is comprised of 10 Business Groups covering virtually every industry. The Food Industry Group covers food resources, fresh foods, consumer products, and food ingredients, and is active in every link of the food supply chain, from the production and sourcing of raw materials to the manufacturing of finished food products.

«The cooperation demonstrates Aleph Farms’ strategy of working together with the food and meat industries to ensure a successful integration of cultivated meat within the ecosystem, while maximizing the positive impact we make,» adds Toubia. «We are excited to bring cultivated meat production closer to the Japanese market.»

This cooperation takes a lead role in the fight against climate change, especially now that the Japanese government stipulated a goal of achieving zero greenhouse gas emissions. In April 2020, Aleph Farms committed to eliminating emissions associated with its meat production by 2025 and reach the same net-zero emissions across its entire supply chain by 2030. As the demand for meat continues to rise with evolving lifestyles, the cooperation will also provide actionable solutions to overcome the societal challenges to the local population surrounding the domestic meat supply. This includes implementing stable food channels of quality nutrition.

«This is part of a network of ‘BioFarm to Fork’ strategic partnerships being developed by Aleph Farms in APAC, LATAM, and Europe, following the successful 2019 Round-A strategic investment by Cargill and the Migros Group in Switzerland,» reports Gary Brenner, VP of Market Development at Aleph Farms.

Aleph Farms and Mitsubishi Corporation are members of the «Cellular Agriculture Study Group», a consortium implementing policy proposals under the Japanese Center for Rule-Making Strategy. The consortium brings together a range of experts on the definition and construction of cellular agricultural foods. It also adds clarification of conditions for Japanese products and technologies to have international competitiveness and establishes mechanisms for coexistence and division of roles with existing industries.

About Aleph Farms:

Aleph Farms is a food company that is paving a new way forward as a leader of the global sustainable food ecosystem, working passionately to grow delicious beef steaks from non-genetically engineered cells, isolated from a cow, using a fraction of the resources required for raising an entire animal for meat, and without antibiotics. Aleph Farms was co-founded with The Kitchen Hub of the Strauss Group and with Professor Shulamit Levenberg, Dean of the Biomedical Engineering faculty of the Technion – Israel Institute of Technology. Aleph Farms is backed by some of the world’s most innovative food producers, such as Cargill, Migros, and the Strauss Group.

The company has recently received top accolades for its contribution to the global sustainability movement from the World Economic Forum, UNESCO, Netexplo Forum and EIT Food.

For further information, please contact:

 

Company Contact:

Press Contact

Aleph Farms

NutriPR

Mr. Yoav Reisler

External Relations Manager at Aleph Farms 

Tel: +972-52-4559924

press@aleph-farms.com 

Ms. Liat Simha

Tel: +972-9-974-2893

liat@nutripr.com

www.nutripr.com 

Twitter: @LiatSimha

 

 

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SOURCE Aleph Farms

Ideanomics Signs a Definitive Agreement to Acquire Utah-based Wireless Charging Provider WAVE

NEW YORK, Jan. 5, 2021 /PRNewswire/ — Ideanomics (NASDAQ: IDEX) («Ideanomics» or the «Company») is pleased to announce it has signed a definitive agreement to acquire 100% of privately held Wireless…

NEW YORK, Jan. 5, 2021 /PRNewswire/ — Ideanomics (NASDAQ: IDEX) («Ideanomics» or the «Company») is pleased to announce it has signed a definitive agreement to acquire 100% of privately held Wireless Advanced Vehicle Electrification, Inc. («WAVE») for cash and stock consideration, the material terms of which are disclosed in the Company’s related 8-K filing. Roth Capital Partners acted as an advisor to WAVE on the transaction. The acquisition is subject to customary closing conditions.

Founded in 2011, and headquartered in Salt Lake City, Utah, WAVE is a leading provider of inductive (wireless) charging solutions for medium and heavy-duty electric vehicles (EVs). Embedded in roadways and charging vehicles during scheduled stops, the fully automated, hands-free WAVE system eliminates battery range limitations and enables fleets to achieve driving ranges that match that of internal combustion engines.

Deployed since 2012, WAVE has demonstrated the capability to develop and integrate high-power charging systems into heavy-duty electric vehicles from leading commercial EV manufacturers. With commercially available wireless charging systems up to 250kW and higher power systems in development, WAVE provides custom fleet solutions for mass transit, logistics, airport and campus shuttles, drayage fleets, and off-road vehicles at ports and industrial sites.

Wireless charging systems offer several compelling benefits over plug-in-based charging systems, including reduced maintenance, improved health and safety, and expedited energy connection. Furthermore, wireless in-route charging enables greater route lengths or smaller batteries while also maintaining battery life.

WAVE customers include the largest EV bus system in the U.S., the Antelope Valley Transit Authority, and its partnerships include Kenworth, Gillig, BYD, Complete Coach Works, and more.

«The acquisition of WAVE is a significant one for our EV efforts across the board. We are excited to bring Michael Masquelier and his team into the Ideanomics family, where we can inject significant growth capital to enable WAVE to further accelerate its business and bring wireless charging to our product offerings. WAVE has become a market leader in inductive charging systems, which are much better suited for commercial EVs than plug-in charging systems,» said Alf Poor, Ideanomics CEO. «WAVE complements our Medici Motor Works and Treeletrik businesses, and our investment in Solectrac, and is aligned with our MEG division’s Sales to Financing to Charging (S2F2C) model. This is a win-win all around, which will help maximize shareholder value. We’re thrilled to have signed the definitive agreement for this acquisition so we can get to work immediately on the opportunities this brings to both Ideanomics and WAVE.»

«Fast, safe, in-route charging is key to enabling commercial EVs to match the range of internal combustion vehicles,» said Michael Masquelier, WAVE’s Founder and CEO. «Joining the Ideanomics family will allow WAVE solutions to rapidly develop at the scale needed to help fleet operators around the world meet their zero-emission goals.»

About WAVE, Inc.

Founded in 2011, Wireless Advanced Vehicle Electrification (WAVE), is a technology company focused on creating practical and economical solutions for the transit and off-road industrial electric vehicle markets worldwide. WAVE is the premiere developer of inductive charging solutions for medium and heavy-duty vehicles in the United States and has demonstrated the capability to develop and integrate high power charging systems onto heavy-duty electric vehicles.

About Ideanomics

Ideanomics is a global company focused on the convergence of financial services and industries experiencing technological disruption. Our Mobile Energy Global (MEG) division is a service provider that facilitates the adoption of electric vehicles by commercial fleet operators through offering vehicle procurement, finance and leasing, and energy management solutions under our innovative sales to financing to charging (S2F2C) business model. Ideanomics Capital is focused on disruptive fintech solutions for the financial services industry. Together, MEG and Ideanomics Capital provide our global customers and partners with leading technologies and services designed to improve transparency, efficiency, and accountability, and our shareholders with the opportunity to participate in high-potential, growth industries.

The company is headquartered in New York, NY, with offices in Beijing, Hangzhou, and Qingdao, and operations in the U.S., China, Ukraine, and Malaysia.

Safe Harbor Statement

This press release contains certain statements that may include «forward looking statements». All statements other than statements of historical fact included herein are «forward-looking statements.» These forward-looking statements are often identified by the use of forward-looking terminology such as «believes,» «expects» or similar expressions, involve known and unknown risks and uncertainties, and include statements regarding our intention to transition our business model to become a next-generation financial technology company, our business strategy and planned product offerings, our intention to phase out our oil trading and consumer electronics businesses, and potential future financial results. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of risks and uncertainties, such as risks related to: our ability to continue as a going concern; our ability to raise additional financing to meet our business requirements; the transformation of our business model; fluctuations in our operating results; strain to our personnel management, financial systems and other resources as we grow our business; our ability to attract and retain key employees and senior management; competitive pressure; our international operations; and other risks and uncertainties disclosed under the sections entitled «Risk Factors» and «Management’s Discussion and Analysis of Financial Condition and Results of Operations» in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on the SEC website at www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Investor Relations and Media Contact

WAVE
Tom McDonald, Senior Director of Marketing
4752 West California Ave, Suite B-400, Salt Lake City, UT 84104
tom.mcdonald@waveipt.com 

Ideanomics, Inc.
Tony Sklar, SVP of Investor Relations
1441 Broadway, Suite 5116, New York, NY 10018
ir@ideanomics.com

Valerie Christopherson / Lora Wilson
Global Results Communications (GRC)
+1 949 306 6476
valeriec@globalresultspr.com

 

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SOURCE Ideanomics

New NPG Forum Paper Examines the Connection Between Affluence, Consumerism, and the Environment

ALEXANDRIA, Va., Jan. 5, 2021 /PRNewswire-PRWeb/ — «If 2020 teaches us anything, it’s that the next crisis is likely right around the corner, and could be prevented, or at least contained, if we act swiftly. A pandemic that scientists long warned was likely to occur, occurred, and has already killed well over 240,000 people in the U.S. Dozens of large wildfires – the latest evidence of the climate emergency – are torching the American West, their smoke more damaging to health than almost any…

ALEXANDRIA, Va., Jan. 5, 2021 /PRNewswire-PRWeb/ — «If 2020 teaches us anything, it’s that the next crisis is likely right around the corner, and could be prevented, or at least contained, if we act swiftly. A pandemic that scientists long warned was likely to occur, occurred, and has already killed well over 240,000 people in the U.S. Dozens of large wildfires – the latest evidence of the climate emergency – are torching the American West, their smoke more damaging to health than almost any fire season on record.» These words, written by Edwin S. Rubenstein, mark the start of his new work titled Will Affluence Ruin the Environment? Published by Negative Population Growth, Inc., the paper seeks to flush out the role of the globally affluent for their part in the degradation of the environment while paying close attention to the COVID-19 pandemic.

Rubenstein initiates his discourse by referencing a recent study in the academic journal Nature Communications, noting their warning that «despite all the buzz about green technology mitigating man-made environmental problems, the only way for human consumption to become sustainable is to rein in wealthy consumers.» In other words, those affluent enough to regularly consume resources will need to disengage their dependencies to counteract the detrimental effects of consumerism on the environment. Rubenstein comments further on affluence, explaining: «Most people living in developed countries fit into this category, meaning you don’t have to consider yourself rich in order to be globally affluent. Even poor people in the U.S. and other wealthy countries have a disproportionately large and unsustainable resource footprint compared to the global average.» Add to the mix the unavoidable reality that «super affluent powerful business owners have a vested interest in promoting a high consumption, high population growth, economy…» and what’s left is a system focused on consumerism without regard to long-term sustainability.

After establishing who is considered affluent and the harm caused by consumerism, Rubenstein relates how policies enacted in direct response to the COVID-19 crisis have affected the environment, saying: «Government policies during the COVID pandemic drastically altered patterns of energy demand around the world. International borders were closed and populations were confined to their homes, which reduced transport and changed energy consumption patterns…researchers estimate that global fossil fuel emissions for all of 2020 will be 4% to 7% lower than 2019. If this holds, it will be several times larger than the decline seen in 2009 after the global finance crisis.» While some social scientists have expressed the long-term benefits of the pandemic, Rubenstein cautions: «In a perfect world, mainstream economists would join…in warning policymakers of the dangers of over-stimulating the economy. Unfortunately, conventional economists measure economic progress with data biased toward growth…Mainstream economists reject the very notion of limits to growth. In their view, all shortages are temporary, and can be eliminated by allowing prices to rise. Technological progress, according to the mainstreamers, is capable of overcoming any scarcity faced on earth.»

Rubenstein concludes his work, reviewing the effects of affluence on the environment and what needs to happen to move forward sustainably into the future, stating: «For more than a century growth in affluence, and in the number of people living in affluent circumstances, increased resource use and greenhouse gas emissions faster than technological progress reduced them. A meaningful transition to sustainability will require far-reaching lifestyle changes as well as continued technological progress…A few months of world-wide economic lockdown did more for the environment than decades of technological progress. But this is a Band-Aid. The global economy must re-open soon. A balanced strategy of economic moderation plus global population reduction is needed for long term stability.»

Founded in 1972, NPG is a national nonprofit membership organization dedicated to educating the American public and political leaders regarding the damaging effects of population growth. We believe that our nation is already vastly overpopulated in terms of the long-range carrying capacity of its resources and environment. NPG advocates the adoption of its Proposed National Population Policy, with the goal of eventually stabilizing U.S. population at a sustainable level – far lower than today’s. We do not simply identify the problems – we propose solutions. For more information, visit our website at NPG.org, follow us on Facebook @NegativePopulationGrowth or follow us on Twitter @npg_org.

Media Contact

Craig Lewis, Negative Population Growth, 703-370-9510, media@npg.org

Twitter, Facebook

 

SOURCE Negative Population Growth

New NPG Forum Paper Examines the Connection Between Affluence, Consumerism, and the Environment

ALEXANDRIA, Va., Jan. 5, 2021 /PRNewswire-PRWeb/ — «If 2020 teaches us anything, it’s that the next crisis is likely right around the corner, and could be prevented, or at least contained, if we act swiftly. A pandemic that scientists long warned was likely to occur, occurred, and has already killed well over 240,000 people in the U.S. Dozens of large wildfires – the latest evidence of the climate emergency – are torching the American West, their smoke more damaging to health than almost any…

ALEXANDRIA, Va., Jan. 5, 2021 /PRNewswire-PRWeb/ — «If 2020 teaches us anything, it’s that the next crisis is likely right around the corner, and could be prevented, or at least contained, if we act swiftly. A pandemic that scientists long warned was likely to occur, occurred, and has already killed well over 240,000 people in the U.S. Dozens of large wildfires – the latest evidence of the climate emergency – are torching the American West, their smoke more damaging to health than almost any fire season on record.» These words, written by Edwin S. Rubenstein, mark the start of his new work titled Will Affluence Ruin the Environment? Published by Negative Population Growth, Inc., the paper seeks to flush out the role of the globally affluent for their part in the degradation of the environment while paying close attention to the COVID-19 pandemic.

Rubenstein initiates his discourse by referencing a recent study in the academic journal Nature Communications, noting their warning that «despite all the buzz about green technology mitigating man-made environmental problems, the only way for human consumption to become sustainable is to rein in wealthy consumers.» In other words, those affluent enough to regularly consume resources will need to disengage their dependencies to counteract the detrimental effects of consumerism on the environment. Rubenstein comments further on affluence, explaining: «Most people living in developed countries fit into this category, meaning you don’t have to consider yourself rich in order to be globally affluent. Even poor people in the U.S. and other wealthy countries have a disproportionately large and unsustainable resource footprint compared to the global average.» Add to the mix the unavoidable reality that «super affluent powerful business owners have a vested interest in promoting a high consumption, high population growth, economy…» and what’s left is a system focused on consumerism without regard to long-term sustainability.

After establishing who is considered affluent and the harm caused by consumerism, Rubenstein relates how policies enacted in direct response to the COVID-19 crisis have affected the environment, saying: «Government policies during the COVID pandemic drastically altered patterns of energy demand around the world. International borders were closed and populations were confined to their homes, which reduced transport and changed energy consumption patterns…researchers estimate that global fossil fuel emissions for all of 2020 will be 4% to 7% lower than 2019. If this holds, it will be several times larger than the decline seen in 2009 after the global finance crisis.» While some social scientists have expressed the long-term benefits of the pandemic, Rubenstein cautions: «In a perfect world, mainstream economists would join…in warning policymakers of the dangers of over-stimulating the economy. Unfortunately, conventional economists measure economic progress with data biased toward growth…Mainstream economists reject the very notion of limits to growth. In their view, all shortages are temporary, and can be eliminated by allowing prices to rise. Technological progress, according to the mainstreamers, is capable of overcoming any scarcity faced on earth.»

Rubenstein concludes his work, reviewing the effects of affluence on the environment and what needs to happen to move forward sustainably into the future, stating: «For more than a century growth in affluence, and in the number of people living in affluent circumstances, increased resource use and greenhouse gas emissions faster than technological progress reduced them. A meaningful transition to sustainability will require far-reaching lifestyle changes as well as continued technological progress…A few months of world-wide economic lockdown did more for the environment than decades of technological progress. But this is a Band-Aid. The global economy must re-open soon. A balanced strategy of economic moderation plus global population reduction is needed for long term stability.»

Founded in 1972, NPG is a national nonprofit membership organization dedicated to educating the American public and political leaders regarding the damaging effects of population growth. We believe that our nation is already vastly overpopulated in terms of the long-range carrying capacity of its resources and environment. NPG advocates the adoption of its Proposed National Population Policy, with the goal of eventually stabilizing U.S. population at a sustainable level – far lower than today’s. We do not simply identify the problems – we propose solutions. For more information, visit our website at NPG.org, follow us on Facebook @NegativePopulationGrowth or follow us on Twitter @npg_org.

Media Contact

Craig Lewis, Negative Population Growth, 703-370-9510, media@npg.org

Twitter, Facebook

 

SOURCE Negative Population Growth

IGT Leads New Era in Cashless Gaming with Completion of Nevada Regulatory Approval

LONDON, Jan. 5, 2021 /PRNewswire/ — International Game Technology PLC («IGT») (NYSE: IGT) announced today that the Company is leading a new era in cashless gaming by successfully completing the final stage of Nevada regulatory approval for its Resort Wallet™ carded cashless module, part of the award-winning IGT ADVANTAGE® casino management system. With this milestone, the module is approved for deployment throughout the State, enabling customers to give their casino patrons the option…

LONDON, Jan. 5, 2021 /PRNewswire/ — International Game Technology PLC («IGT») (NYSE: IGT) announced today that the Company is leading a new era in cashless gaming by successfully completing the final stage of Nevada regulatory approval for its Resort Wallet™ carded cashless module, part of the award-winning IGT ADVANTAGE® casino management system. With this milestone, the module is approved for deployment throughout the State, enabling customers to give their casino patrons the option of a reduced-contact, safer, and effortless cashless slot gaming experience.

«Our Resort Wallet solution ensures that our customers can experience the increased liquidity, player convenience, and enhanced safety that only cashless gaming can deliver,» said Ryan Reddy, IGT Vice President, VLT, Systems and Payments Products. «This solution will heighten the player experience to new levels while positioning our customers as technology leaders. We’re grateful to the Nevada Gaming Control Board for enabling this momentous debut in the State.»

The approved Resort Wallet carded cashless module enables players to use a loyalty card to transfer cash into a secure digital wallet from either the casino cash desk or any Resort Wallet-enabled slot machine. Players can then insert their PIN-protected card into the slot machine, apply those funds to their game play, and cash out to their secure digital wallet at any time. They can also choose to move a portion of their funds from the slot machine to their digital wallet while printing a ticket at the slot machine for the balance.

The carded cashless module is one of three variations available as part of IGT’s Resort Wallet solution, the industry’s only fully integrated, turnkey cashless technology:

  • A variation of the Resort Wallet solution includes cardless cashless, where players tap their smartphone on a slot machine or table game to card in. They can then access their Cashless Wagering Account, load cash into the account from either the casino cashier, kiosk, or slot machine, then transfer funds between slot machines onsite, as well as between a casino’s properties.
  • Cashless with external funding represents the full-service variation of the Resort Wallet solution. It combines Resort Wallet with IGTPay™, IGT’s proven, proprietary external funding gateway. Players access their Cashless Wagering Account from a mobile app, with the flexibility to load their account securely and directly with funds from external sources such as credit and debit cards, bank accounts, and e-Wallets.

In addition to slot play, patrons can seamlessly access the funds in their Resort Wallet Cashless Wagering Account for table gaming, sports betting, and at retail points-of-sale.

All Resort Wallet modules encourage social distancing on the gaming floor by reducing line-ups at the casino cash desk and kiosks, and generate greater operational efficiencies by reducing cash handling costs and associated safety and security risks. Cashless play lessens machine maintenance by reducing cash handling, and results in fewer cash handling errors.

In addition, the IGT ADVANTAGE system enables responsible gaming information to be displayed through the Service Window and NexGen® display on the slot machine, as well as through notifications on the Resort Wallet-enabled cashless wagering mobile app.

For more information, visit igt.com/cashless, or go to Facebook at facebook.com/IGT, follow us on Twitter at twitter.com/IGTnews, or watch IGT videos on YouTube at youtube.com/igt. 

About IGT
IGT (NYSE:IGT) is the global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Gaming Machines and Lotteries to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.igt.com.

Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the «Company») and other matters. These statements may discuss goals, intentions, and expectations as to future plans, trends, events, dividends, results of operations, or financial condition, or otherwise, based on current beliefs of the management of the Company as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as «aim,» «anticipate,» «believe,» «plan,» «could,» «would,» «should,» «shall», «continue,» «estimate,» «expect,» «forecast,» «future,» «guidance,» «intend,» «may,» «will,» «possible,» «potential,» «predict,» «project» or the negative or other variations of them. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the Company’s control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance, or achievements. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) the factors and risks described in the Company’s annual report on Form 20-F for the financial year ended December 31, 2019 and other documents filed from time to time with the SEC, which are available on the SEC’s website at www.sec.gov and on the investor relations section of the Company’s website at www.IGT.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that affect the Company’s business. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to International Game Technology PLC, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.

Contact:
Phil O’Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452
Francesco Luti, +39 3485475493; for Italian media inquiries
James Hurley, Investor Relations, +1 (401) 392-7190
Rhonda Whittaker, Global Communications, +1 (506) 860-6471

© 2020 IGT

The trademarks and/or service marks used herein are either trademarks or registered trademarks of IGT, its affiliates or its licensors.

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SOURCE International Game Technology PLC