Indian Electric Rickshaw Industry Revenue Worth $1,394.2 Million by 2025 says P&S Intelligence

NEW YORK, March 8, 2021 /PRNewswire/ — Most of the people living in Indian cities are still not wealthy, which is why the need for cost-effective public transportation, especially for short distances, has always been high. This factor is expected to propel the Indian electric rickshaw market at a 33.3% CAGR…

NEW YORK, March 8, 2021 /PRNewswire/ — Most of the people living in Indian cities are still not wealthy, which is why the need for cost-effective public transportation, especially for short distances, has always been high. This factor is expected to propel the Indian electric rickshaw market at a 33.3% CAGR between 2020 and 2025. At this rate, the market size will likely rise to $1,394.2 million by 2025 from $786.2 million in 2019, according to the market research report published by P&S Intelligence.

P&S Intelligence Logo

Rides on electric rickshaws in the country, which are typically 1 km long, cost around INR 10 per head, which is way cheaper than sharing a two-wheeler or car or taking an autorickshaw. Moreover, if four people share an e-rickshaw for 5 km, the per person cost comes out to be INR 15, and the driver earns INR 120. Hence, another reason for the growth of the Indian electric rickshaw market is the favorable operational cost dynamics these vehicles offer to their owners.

Key Findings of India Electric Rickshaw Market Report

  • Passenger carriers to continue witnessing higher sales in future
  • Government support making e-rickshaws cheaper for owners
  • Solar-powered variants gaining rapid popularity
  • Tripura to witness fastest-growing e-rickshaw sales in coming years
  • Unorganized e-rickshaw manufacturers rapidly losing their significance
  • Rickshaws with 1,000–1,500-W motors most popular

Get the sample copy this report @ https://www.psmarketresearch.com/market-analysis/india-electric-rickshaw-market/report-sample

Due to the COVID-19 pandemic, the Indian electric rickshaw market has been badly affected, as the lockdowns and curfew-like situations in infection hotspots have reduced the demand for public transportation substantially. Moreover, even after the pandemic ends, many people are not expected to opt for shared mobility, to reduce the chances of catching the virus as much as possible. This would, in turn, discourage mobility service providers from purchasing new e-rickshaws.

The passenger carrier bifurcation is expected to hold the larger share in the Indian electric rickshaw market in the years to come, on the basis of vehicle. Due to the increasing urban population driving the demand for cost-effective first- and last-mile transportation, the number of passenger carrier e-rickshaws is burgeoning on the country’s roads.

In the near future, the >1,500 Watts category under the motor power segment of the Indian electric rickshaw market will experience the higher value CAGR, of 36.7%. With the increasing prominence of organized automakers who are offering better-quality products with more-powerful motors, their sales will rise fast.

Browse detailed report with COVID-19 impact analysis on India Electric Rickshaw Market Research Report: By Vehicle (Passenger Carrier, Load Carrier), Motor Power (<1,000 W, 1,000–1,500 W, >1,500 W), Battery Capacity (<101 Ah, >101 Ah), Sales Channel (Organised, Unorganised), State (Madhya Pradesh, Uttar Pradesh, Delhi, West Bengal, Rajasthan, Bihar, Haryana, Chhattisgarh, Uttarakhand, Punjab, Jharkhand, Assam, Tripura) – Competitive Analysis and Growth Forecast to 2025 @ https://www.psmarketresearch.com/market-analysis/india-electric-rickshaw-market

The Indian electric rickshaw market was dominated in the past by the <101 Ampere-hour (Ah) bifurcation, based on battery capacity. Currently, most of the operators prefer low-cost e-rickshaws, which are easily available with unorganized automakers, who account for the majority of the sales.

In the years to come, the organized bifurcation, under segmentation by sales channel, is expected to become the higher Indian electric rickshaw market revenue generator. With state governments passing laws to allow the operation of such vehicles and the rollout of the Goods and Services Tax (GST) coming as a severe blow for unorganized players, organized electric rickshaw manufacturers are witnessing a rapid rise in their sales.

Delhi was the largest state in the Indian electric rickshaw market historically, on account of the alarming air pollution levels and air quality index (AQI) in the city. As a result, the government is offering strong support for electric vehicles, including a $413 (INR 30,000) subsidy on e-rickshaws. In the years to come, the increasing demand for these eco-friendly automobiles in Varanasi, Lucknow, Noida, and Kanpur will likely make Uttar Pradesh the state making the largest revenue contribution to the industry.

Make enquiry about this report @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=india-electric-rickshaw-market

The major organized companies in the Indian electric rickshaw market include Terra Motors Corporation, Electrotherm (India) Ltd., Hero Electric Vehicles Pvt. Ltd., Lohia Auto Industries, Kinetic Green Energy & Power Solutions Ltd., Saera Electric Auto Pvt. Ltd., and ATUL Auto Ltd.

Browse More Reports

Indian Electric Vehicle Component Market – https://www.psmarketresearch.com/market-analysis/indian-electric-vehicle-component-market

Indian End-of-Life Vehicle and Dismantling Market – https://www.psmarketresearch.com/market-analysis/indian-end-of-life-vehicle-and-dismantling-market

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:                      

Prajneesh Kumar
P&S Intelligence
Contact: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com 

Logo: https://mma.prnewswire.com/media/1224988/P_and_S_Intelligence_Logo.jpg

Indian Electric Rickshaw Industry Revenue Worth $1,394.2 Million by 2025 says P&S Intelligence

NEW YORK, March 8, 2021 /PRNewswire/ — Most of the people living in Indian cities are still not wealthy, which is why the need for cost-effective public transportation, especially for short distances, has always been high. This factor is expected to propel the Indian electric rickshaw market at a 33.3% CAGR…

NEW YORK, March 8, 2021 /PRNewswire/ — Most of the people living in Indian cities are still not wealthy, which is why the need for cost-effective public transportation, especially for short distances, has always been high. This factor is expected to propel the Indian electric rickshaw market at a 33.3% CAGR between 2020 and 2025. At this rate, the market size will likely rise to $1,394.2 million by 2025 from $786.2 million in 2019, according to the market research report published by P&S Intelligence.

P&S Intelligence Logo

Rides on electric rickshaws in the country, which are typically 1 km long, cost around INR 10 per head, which is way cheaper than sharing a two-wheeler or car or taking an autorickshaw. Moreover, if four people share an e-rickshaw for 5 km, the per person cost comes out to be INR 15, and the driver earns INR 120. Hence, another reason for the growth of the Indian electric rickshaw market is the favorable operational cost dynamics these vehicles offer to their owners.

Key Findings of India Electric Rickshaw Market Report

  • Passenger carriers to continue witnessing higher sales in future
  • Government support making e-rickshaws cheaper for owners
  • Solar-powered variants gaining rapid popularity
  • Tripura to witness fastest-growing e-rickshaw sales in coming years
  • Unorganized e-rickshaw manufacturers rapidly losing their significance
  • Rickshaws with 1,000–1,500-W motors most popular

Get the sample copy this report @ https://www.psmarketresearch.com/market-analysis/india-electric-rickshaw-market/report-sample

Due to the COVID-19 pandemic, the Indian electric rickshaw market has been badly affected, as the lockdowns and curfew-like situations in infection hotspots have reduced the demand for public transportation substantially. Moreover, even after the pandemic ends, many people are not expected to opt for shared mobility, to reduce the chances of catching the virus as much as possible. This would, in turn, discourage mobility service providers from purchasing new e-rickshaws.

The passenger carrier bifurcation is expected to hold the larger share in the Indian electric rickshaw market in the years to come, on the basis of vehicle. Due to the increasing urban population driving the demand for cost-effective first- and last-mile transportation, the number of passenger carrier e-rickshaws is burgeoning on the country’s roads.

In the near future, the >1,500 Watts category under the motor power segment of the Indian electric rickshaw market will experience the higher value CAGR, of 36.7%. With the increasing prominence of organized automakers who are offering better-quality products with more-powerful motors, their sales will rise fast.

Browse detailed report with COVID-19 impact analysis on India Electric Rickshaw Market Research Report: By Vehicle (Passenger Carrier, Load Carrier), Motor Power (<1,000 W, 1,000–1,500 W, >1,500 W), Battery Capacity (<101 Ah, >101 Ah), Sales Channel (Organised, Unorganised), State (Madhya Pradesh, Uttar Pradesh, Delhi, West Bengal, Rajasthan, Bihar, Haryana, Chhattisgarh, Uttarakhand, Punjab, Jharkhand, Assam, Tripura) – Competitive Analysis and Growth Forecast to 2025 @ https://www.psmarketresearch.com/market-analysis/india-electric-rickshaw-market

The Indian electric rickshaw market was dominated in the past by the <101 Ampere-hour (Ah) bifurcation, based on battery capacity. Currently, most of the operators prefer low-cost e-rickshaws, which are easily available with unorganized automakers, who account for the majority of the sales.

In the years to come, the organized bifurcation, under segmentation by sales channel, is expected to become the higher Indian electric rickshaw market revenue generator. With state governments passing laws to allow the operation of such vehicles and the rollout of the Goods and Services Tax (GST) coming as a severe blow for unorganized players, organized electric rickshaw manufacturers are witnessing a rapid rise in their sales.

Delhi was the largest state in the Indian electric rickshaw market historically, on account of the alarming air pollution levels and air quality index (AQI) in the city. As a result, the government is offering strong support for electric vehicles, including a $413 (INR 30,000) subsidy on e-rickshaws. In the years to come, the increasing demand for these eco-friendly automobiles in Varanasi, Lucknow, Noida, and Kanpur will likely make Uttar Pradesh the state making the largest revenue contribution to the industry.

Make enquiry about this report @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=india-electric-rickshaw-market

The major organized companies in the Indian electric rickshaw market include Terra Motors Corporation, Electrotherm (India) Ltd., Hero Electric Vehicles Pvt. Ltd., Lohia Auto Industries, Kinetic Green Energy & Power Solutions Ltd., Saera Electric Auto Pvt. Ltd., and ATUL Auto Ltd.

Browse More Reports

Indian Electric Vehicle Component Market – https://www.psmarketresearch.com/market-analysis/indian-electric-vehicle-component-market

Indian End-of-Life Vehicle and Dismantling Market – https://www.psmarketresearch.com/market-analysis/indian-end-of-life-vehicle-and-dismantling-market

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:                      

Prajneesh Kumar
P&S Intelligence
Contact: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com 

Logo: https://mma.prnewswire.com/media/1224988/P_and_S_Intelligence_Logo.jpg

Indian Electric Rickshaw Industry Revenue Worth $1,394.2 Million by 2025 says P&S Intelligence

NEW YORK, March 8, 2021 /PRNewswire/ — Most of the people living in Indian cities are still not wealthy, which is why the need for cost-effective public transportation, especially for short distances, has always been high. This factor is expected to propel the Indian electric rickshaw market at a 33.3% CAGR…

NEW YORK, March 8, 2021 /PRNewswire/ — Most of the people living in Indian cities are still not wealthy, which is why the need for cost-effective public transportation, especially for short distances, has always been high. This factor is expected to propel the Indian electric rickshaw market at a 33.3% CAGR between 2020 and 2025. At this rate, the market size will likely rise to $1,394.2 million by 2025 from $786.2 million in 2019, according to the market research report published by P&S Intelligence.

P&S Intelligence Logo

Rides on electric rickshaws in the country, which are typically 1 km long, cost around INR 10 per head, which is way cheaper than sharing a two-wheeler or car or taking an autorickshaw. Moreover, if four people share an e-rickshaw for 5 km, the per person cost comes out to be INR 15, and the driver earns INR 120. Hence, another reason for the growth of the Indian electric rickshaw market is the favorable operational cost dynamics these vehicles offer to their owners.

Key Findings of India Electric Rickshaw Market Report

  • Passenger carriers to continue witnessing higher sales in future
  • Government support making e-rickshaws cheaper for owners
  • Solar-powered variants gaining rapid popularity
  • Tripura to witness fastest-growing e-rickshaw sales in coming years
  • Unorganized e-rickshaw manufacturers rapidly losing their significance
  • Rickshaws with 1,000–1,500-W motors most popular

Get the sample copy this report @ https://www.psmarketresearch.com/market-analysis/india-electric-rickshaw-market/report-sample

Due to the COVID-19 pandemic, the Indian electric rickshaw market has been badly affected, as the lockdowns and curfew-like situations in infection hotspots have reduced the demand for public transportation substantially. Moreover, even after the pandemic ends, many people are not expected to opt for shared mobility, to reduce the chances of catching the virus as much as possible. This would, in turn, discourage mobility service providers from purchasing new e-rickshaws.

The passenger carrier bifurcation is expected to hold the larger share in the Indian electric rickshaw market in the years to come, on the basis of vehicle. Due to the increasing urban population driving the demand for cost-effective first- and last-mile transportation, the number of passenger carrier e-rickshaws is burgeoning on the country’s roads.

In the near future, the >1,500 Watts category under the motor power segment of the Indian electric rickshaw market will experience the higher value CAGR, of 36.7%. With the increasing prominence of organized automakers who are offering better-quality products with more-powerful motors, their sales will rise fast.

Browse detailed report with COVID-19 impact analysis on India Electric Rickshaw Market Research Report: By Vehicle (Passenger Carrier, Load Carrier), Motor Power (<1,000 W, 1,000–1,500 W, >1,500 W), Battery Capacity (<101 Ah, >101 Ah), Sales Channel (Organised, Unorganised), State (Madhya Pradesh, Uttar Pradesh, Delhi, West Bengal, Rajasthan, Bihar, Haryana, Chhattisgarh, Uttarakhand, Punjab, Jharkhand, Assam, Tripura) – Competitive Analysis and Growth Forecast to 2025 @ https://www.psmarketresearch.com/market-analysis/india-electric-rickshaw-market

The Indian electric rickshaw market was dominated in the past by the <101 Ampere-hour (Ah) bifurcation, based on battery capacity. Currently, most of the operators prefer low-cost e-rickshaws, which are easily available with unorganized automakers, who account for the majority of the sales.

In the years to come, the organized bifurcation, under segmentation by sales channel, is expected to become the higher Indian electric rickshaw market revenue generator. With state governments passing laws to allow the operation of such vehicles and the rollout of the Goods and Services Tax (GST) coming as a severe blow for unorganized players, organized electric rickshaw manufacturers are witnessing a rapid rise in their sales.

Delhi was the largest state in the Indian electric rickshaw market historically, on account of the alarming air pollution levels and air quality index (AQI) in the city. As a result, the government is offering strong support for electric vehicles, including a $413 (INR 30,000) subsidy on e-rickshaws. In the years to come, the increasing demand for these eco-friendly automobiles in Varanasi, Lucknow, Noida, and Kanpur will likely make Uttar Pradesh the state making the largest revenue contribution to the industry.

Make enquiry about this report @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=india-electric-rickshaw-market

The major organized companies in the Indian electric rickshaw market include Terra Motors Corporation, Electrotherm (India) Ltd., Hero Electric Vehicles Pvt. Ltd., Lohia Auto Industries, Kinetic Green Energy & Power Solutions Ltd., Saera Electric Auto Pvt. Ltd., and ATUL Auto Ltd.

Browse More Reports

Indian Electric Vehicle Component Market – https://www.psmarketresearch.com/market-analysis/indian-electric-vehicle-component-market

Indian End-of-Life Vehicle and Dismantling Market – https://www.psmarketresearch.com/market-analysis/indian-end-of-life-vehicle-and-dismantling-market

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:                      

Prajneesh Kumar
P&S Intelligence
Contact: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com 

 

Cision View original content:http://www.prnewswire.com/news-releases/indian-electric-rickshaw-industry-revenue-worth-1-394-2-million-by-2025-says-ps-intelligence-301242148.html

SOURCE P&S Intelligence

Germany opens retail stores with some restrictions, all Kamux’s stores open again

HELSINKI, Finland, March 8, 2021 /PRNewswire/ — Germany opens retail stores with detailed instructions and limitations on Monday 8 March, 2021. There are regional differences in the incidence of infections which determines the measures to be taken in retail stores.

«Kamux opens all eight stores in Germany in accordance with regional instructions and restrictions. The incidence of infections in each…

HELSINKI, Finland, March 8, 2021 /PRNewswire/ — Germany opens retail stores with detailed instructions and limitations on Monday 8 March, 2021. There are regional differences in the incidence of infections which determines the measures to be taken in retail stores.

«Kamux opens all eight stores in Germany in accordance with regional instructions and restrictions. The incidence of infections in each area determines what measures to take in stores and how to act. There are regulations for retail stores related, for example, to the amount of square meters per customer and to a prior appointment for a store visit. If the incidence of infections increases above a defined limit, the physical stores are be closed again,» says Aleksandar Amann, Country Director of Kamux Germany.

«We are happy to be able to welcome customers again to our stores. We follow carefully the instructions in order to take care of the health of Kamux’s customers and employees,» continues Aleksandar Amann.

More information:

Aleksandar Amann, Kamux Germany, Country Director, tel. +49 40 5555 48951

ir@kamux.fi

Kamux Corporation is a retail chain specializing in the sale of used cars and related integrated services that has grown rapidly. Kamux combines online shopping with an extensive showroom network to provide its customers with a great service experience anytime, anywhere. In addition to digital channels, the company has total of 78 car showrooms in Finland, Sweden and Germany. Since its founding, the company has sold approximately 300,000 used cars, 60,657 of which were sold in 2020. Kamux’s revenue reached EUR 724.1 million in 2020. In 2020, Kamux’s average number of employees was 713 in terms of full-time equivalent employees. The shares of Kamux are listed on the Nasdaq Helsinki stock exchange.

www.kamux.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/kamux/r/germany-opens-retail-stores-with-some-restrictions–all-kamux-s-stores-open-again,c3301487

 

Germany opens retail stores with some restrictions, all Kamux’s stores open again

HELSINKI, Finland, March 8, 2021 /PRNewswire/ — Germany opens retail stores with detailed instructions and limitations on Monday 8 March, 2021. There are regional differences in the incidence of infections which determines the measures to be taken in retail stores.

«Kamux opens all eight stores in Germany in accordance with regional instructions and restrictions. The incidence of infections in each…

HELSINKI, Finland, March 8, 2021 /PRNewswire/ — Germany opens retail stores with detailed instructions and limitations on Monday 8 March, 2021. There are regional differences in the incidence of infections which determines the measures to be taken in retail stores.

«Kamux opens all eight stores in Germany in accordance with regional instructions and restrictions. The incidence of infections in each area determines what measures to take in stores and how to act. There are regulations for retail stores related, for example, to the amount of square meters per customer and to a prior appointment for a store visit. If the incidence of infections increases above a defined limit, the physical stores are be closed again,» says Aleksandar Amann, Country Director of Kamux Germany.

«We are happy to be able to welcome customers again to our stores. We follow carefully the instructions in order to take care of the health of Kamux’s customers and employees,» continues Aleksandar Amann.

More information:

Aleksandar Amann, Kamux Germany, Country Director, tel. +49 40 5555 48951

ir@kamux.fi

Kamux Corporation is a retail chain specializing in the sale of used cars and related integrated services that has grown rapidly. Kamux combines online shopping with an extensive showroom network to provide its customers with a great service experience anytime, anywhere. In addition to digital channels, the company has total of 78 car showrooms in Finland, Sweden and Germany. Since its founding, the company has sold approximately 300,000 used cars, 60,657 of which were sold in 2020. Kamux’s revenue reached EUR 724.1 million in 2020. In 2020, Kamux’s average number of employees was 713 in terms of full-time equivalent employees. The shares of Kamux are listed on the Nasdaq Helsinki stock exchange.

www.kamux.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/kamux/r/germany-opens-retail-stores-with-some-restrictions–all-kamux-s-stores-open-again,c3301487

 

Repurchase of shares/SDRs in Kindred Group plc

VALLETTA, Malta, March 8, 2021 /PRNewswire/ — During the period of 1 March 2021 until 5 March 2021, Kindred Group plc («Kindred» or the «Company»), has repurchased a total of 704,000 shares/SDRs as part of the buy-back program initiated by the Board of Directors with the purpose to return excess cash to the Company’s shareholders. The buy-back program, which Kindred announced on 26 February 2021, is carried out…

VALLETTA, Malta, March 8, 2021 /PRNewswire/ — During the period of 1 March 2021 until 5 March 2021, Kindred Group plc («Kindred» or the «Company»), has repurchased a total of 704,000 shares/SDRs as part of the buy-back program initiated by the Board of Directors with the purpose to return excess cash to the Company’s shareholders. The buy-back program, which Kindred announced on 26 February 2021, is carried out in accordance with the Maltese Companies Act, EU Market Abuse Regulation No 596/2014 («MAR»), the EU Commission’s delegated Regulation No 2016/1052 (the «Safe Harbour Regulation») and the applicable rules of Nasdaq’s Nordic Main Market Rulebook for Issuers of Shares.

The shares/SDRs have been repurchased as follows.

                                   

                                   

Date

                                   

Aggregated daily volume (no of shares)

                                   

Weighted average share price per day (SEK)

                                   

Total daily transaction value (SEK)

                                               

                                   

1 March 2021

 

200,000

 

138.9863

 

27,797,260

 

                                   

2 March 2021

 

400,000

 

143.9070

 

57,562,800

 

                                   

3 March 2021

 

40,000

 

143.2968

 

5,731,872

 

                                   

4 March 2021

 

32,000

 

138.7811

 

4,440,995

 

                                   

5 March 2021

 

32,000

 

132.5752

 

4,242,406

 

All acquisitions have been carried out on Nasdaq Stockholm by Nordea Bank Abp on behalf of Kindred. Following the acquisitions above, Kindred’s holding of own shares/SDRs amounted to 3,675,358 as per 5 March 2021. The total number of issued shares in Kindred is 230,126,200.

A full breakdown of the transactions conducted in accordance with article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation is attached to this press release. A maximum of 2,000,000 shares/SDRs can be repurchased within the frame of the buy-back program and the total share repurchases under the program may not exceed SEK 190,000,000. For information about all transactions carried out under the buyback program, please see Nasdaq Stockholm’s website:

http://www.nasdaqomx.com/transactions/markets/nordic/corporate-actions/stockholm/repurchases-of-own-shares

This disclosure contains information that Kindred Group is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 08-03-2021 07:30 CET.

For more information:

Patrick Kortman, Head of Corporate Development & Investor Relations, +46 723 877 438

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/kindred-group/r/repurchase-of-shares-sdrs-in-kindred-group-plc,c3301356

The following files are available for download:

Repurchase of shares/SDRs in Kindred Group plc

VALLETTA, Malta, March 8, 2021 /PRNewswire/ — During the period of 1 March 2021 until 5 March 2021, Kindred Group plc («Kindred» or the «Company»), has repurchased a total of 704,000 shares/SDRs as part of the buy-back program initiated by the Board of Directors with the purpose to return excess cash to the Company’s shareholders. The buy-back program, which Kindred announced on 26 February 2021, is carried out…

VALLETTA, Malta, March 8, 2021 /PRNewswire/ — During the period of 1 March 2021 until 5 March 2021, Kindred Group plc («Kindred» or the «Company»), has repurchased a total of 704,000 shares/SDRs as part of the buy-back program initiated by the Board of Directors with the purpose to return excess cash to the Company’s shareholders. The buy-back program, which Kindred announced on 26 February 2021, is carried out in accordance with the Maltese Companies Act, EU Market Abuse Regulation No 596/2014 («MAR»), the EU Commission’s delegated Regulation No 2016/1052 (the «Safe Harbour Regulation») and the applicable rules of Nasdaq’s Nordic Main Market Rulebook for Issuers of Shares.

The shares/SDRs have been repurchased as follows.

                                   

                                   

Date

                                   

Aggregated daily volume (no of shares)

                                   

Weighted average share price per day (SEK)

                                   

Total daily transaction value (SEK)

                                               

                                   

1 March 2021

 

200,000

 

138.9863

 

27,797,260

 

                                   

2 March 2021

 

400,000

 

143.9070

 

57,562,800

 

                                   

3 March 2021

 

40,000

 

143.2968

 

5,731,872

 

                                   

4 March 2021

 

32,000

 

138.7811

 

4,440,995

 

                                   

5 March 2021

 

32,000

 

132.5752

 

4,242,406

 

All acquisitions have been carried out on Nasdaq Stockholm by Nordea Bank Abp on behalf of Kindred. Following the acquisitions above, Kindred’s holding of own shares/SDRs amounted to 3,675,358 as per 5 March 2021. The total number of issued shares in Kindred is 230,126,200.

A full breakdown of the transactions conducted in accordance with article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation is attached to this press release. A maximum of 2,000,000 shares/SDRs can be repurchased within the frame of the buy-back program and the total share repurchases under the program may not exceed SEK 190,000,000. For information about all transactions carried out under the buyback program, please see Nasdaq Stockholm’s website:

http://www.nasdaqomx.com/transactions/markets/nordic/corporate-actions/stockholm/repurchases-of-own-shares

This disclosure contains information that Kindred Group is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 08-03-2021 07:30 CET.

For more information:

Patrick Kortman, Head of Corporate Development & Investor Relations, +46 723 877 438

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/kindred-group/r/repurchase-of-shares-sdrs-in-kindred-group-plc,c3301356

The following files are available for download:

Cision View original content:http://www.prnewswire.com/news-releases/repurchase-of-sharessdrs-in-kindred-group-plc-301242137.html

SOURCE Kindred Group

Azuri Launches Inspiring Women’s Awards

NAIROBI, Kenya, March 8, 2021 /PRNewswire/ — Azuri Technologies, a pioneer in pay-as-you-go solar home solutions for off-grid Africa, has announced its inaugural Inspiring Women’s Awards to celebrate women’s empowerment and influence in rural communities.

NAIROBI, Kenya, March 8, 2021 /PRNewswire/ — Azuri Technologies, a pioneer in pay-as-you-go solar home solutions for off-grid Africa, has announced its inaugural Inspiring Women’s Awards to celebrate women’s empowerment and influence in rural communities.

Based on peer feedback, the 10 most inspirational female staff, including field agents and customer care representatives of the solar company’s Kenyan network, have been recognised for their outstanding contributions. The award is part of Azuri’s Brighter Lives initiative which works to empower rural women in Sub-Saharan Africa through access to technology, in-depth commercial and technical training and equal opportunities employment.

One of the winners, Dynnah Pesa, said: «I am so grateful to hear that I am inspiring to my peers. I was the first one to begin selling the items in Kakamega and so happy to now be a team leader. I strive to encourage my team so that they can succeed and in turn provide for their families. I am so happy to see that they voted for me. This has given me a push to keep on encouraging my team.»

Nominations for the awards included recommendations from agents inspired to join Azuri from seeing female role models in their jobs, team leaders impressed by their colleagues’ work ethic and appreciative new-starters looking to celebrate their female mentors.

Cabinet Secretary, Ministry of Energy, Hon. Charles Keter, said: «On this International Women’s day, I would like to offer my congratulations to the winners of the Inspiring Women’s Awards. I trust this public recognition will inspire even more women to join the renewable energy industry and support Kenya’s transition to clean energy for all.»

Jane Marriott, the British High Commissioner, said: «Congratulations to the wonderful women recognised by this award on International Women’s Day, a chance to celebrate those women who deserve our recognition and gratitude all year round. Businesses for the future need diverse workforces at their heart, so I’m delighted to see this initiative from Azuri. The UK is proud to support gender equality in Kenya and across the world, which is more vital than ever as we build cleaner, greener societies for future generations.»

Simon Bransfield-Garth, CEO of Azuri said: «Brighter Lives was created to encourage full and active participation of women in the Azuri workforce. On this first anniversary of the launch of the program, I am delighted to see the impact that has been achieved and its effect on encouraging more women into the workplace.»

Azuri’s Brighter Lives initiative was launched in February 2020 and features a program of tailored recruitment, training and mentoring specifically targeting rural women who are largely under-represented in the workplace. The programme is designed to help women build success together, learning from role models and creating powerful bonds to improve business success.

Media contact: 
Miriam Hackett
Azuri Technologies Ltd.
Miriam.hackett@azuri-technologies.com 
+44 (0)1223 420252 

For more information, please visit: www.azuri-technologies.com

About Azuri Technologies Ltd.

Azuri Technologies is a leading provider of affordable pay-as-you-go solar home systems to off-grid consumers across Africa. Combining the latest solar innovation and mobile payment technology, Azuri delivers reliable, renewable and distributed power to the millions who have no access to modern powered services. Azuri operates in five key territories; Kenya, Nigeria, Zambia, Tanzania and Uganda with East Africa Headquarters in Nairobi, Kenya and West Africa Headquarters in Lagos, Nigeria.

For more information, please visit: www.azuri-technologies.com

 

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SOURCE Azuri Technologies

Lamor Corporation Acquires License for Rapid Response HARBO Boom

PORVOO, Finland, March 8, 2021 /PRNewswire/ — Lamor Corporation is pleased to announce the acquisition of the licensing rights to HARBO Technologies’ product line.

Their rapid response oil spill solutions will be a great addition to an already strong response product and solution portfolio. HARBO has developed the lightest oil spill response boom on the market. The modular system fits in a simple box which can be quickly deployed by only one person. HARBO’s oil spill first response…

PORVOO, Finland, March 8, 2021 /PRNewswire/ — Lamor Corporation is pleased to announce the acquisition of the licensing rights to HARBO Technologies’ product line.

Their rapid response oil spill solutions will be a great addition to an already strong response product and solution portfolio. HARBO has developed the lightest oil spill response boom on the market. The modular system fits in a simple box which can be quickly deployed by only one person. HARBO’s oil spill first response system enhances the entire oil spill response process and boosts clean-up efficiency. By responding eight times faster, HARBO technology enables increased oil recovery rates and drastically reduces damage.

«I am excited about this fantastic addition to Lamor’s offering which will help us serve our current customers, participate in new markets and develop a complete Rapid Spill Response solution, meeting the unique challenges of today’s marketplace,» says Brandon Buzarde, Vice President of Global Business Development at Lamor. «The HARBO boom will provide the rapid response solution which so many companies and organisations need.»

Every minute is critical during an oil spill, so HARBO’s philosophy is to provide a solution which can be quickly and easily deployed. The HARBO boom can be stored on vessels, offshore rigs, harbour facilities or anywhere a spill could occur. A good example is using a fire extinguisher while the fire brigade is on the way. A fast, safe and efficient response can more quickly stop a spill from spreading, saving money, your reputation and the environment.

«Lamor is one of the top companies in this industry and they have decades of experience cleaning the world,» says Igor Kwiatkowski, Lamor’s Product Line Director for HARBO integration and development. «Partnering with Lamor will allow us to prove the worth of HARBO’s rapid response solutions to even more people.»

The HARBO rapid response booms are available now, but even more solutions are on the way. HARBO products will form the core of a suite of Lamor rapid response tools and integrating specialised solutions. If you are interested in learning more about the benefits of HARBO’s rapid response offering, please contact us at info@lamor.com or visit us online at lamor.com/harbo-boom-lamor-corporation.

For more information, please visit www.lamor.com

Contacts:

Communication – Iryna Besarab

Tel.: +358 (0)40 750 2007

iryna.besarab@lamor.com

VP Global Business Development – Brandon Buzarde

Tel.: +1 (832)-264-6962

brandon.buzarde@lamor.com

Product Line Director – Igor Kwiatkowski

Tel.: 253 245 4609

igork@lamor.com

 

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SOURCE Lamor Corporation

TBEA Cloud Has Completed the Planning Scheme of the First «PV + Highway» Demonstration Project

URUMQI, China, March 8, 2021 /PRNewswire/ — Recently, the design institute of TBEA Sunoasis completed the planning scheme of the first «PV + highway» full-scene typical application demonstration project in China. The project is located in a service area along a highway, with a total planned capacity of 3.5MW. It is designed with a self-generation and self-consumption operation mode, which can meet the daily electricity demand of the infrastructures in the service…

URUMQI, China, March 8, 2021 /PRNewswire/ — Recently, the design institute of TBEA Sunoasis completed the planning scheme of the first «PV + highway» full-scene typical application demonstration project in China. The project is located in a service area along a highway, with a total planned capacity of 3.5MW. It is designed with a self-generation and self-consumption operation mode, which can meet the daily electricity demand of the infrastructures in the service area. After completion, it can generate 4200MWh of electricity per year, which is equivalent to an annual saving of 1377.6t of standard coal (based on the average standard coal consumption of 320g/kWh) compared with thermal power of the same capacity, and correspondingly reduce the emission of various air pollutants per year, including about 126t of sulfur dioxide (SO2), 4187.4t of carbon dioxide (CO2) and 63t of nitrogen oxides (NOx).

What is «PV + Highway»

«PV + Highway» is intended to integrate PV power generation technology with the highway system, to use the highways, shoulders, ramps, isolation zones and other own space in the highway system, as well as the space of building roofs, parking sheds, walls and other facilities in service area for arrangement and installation of PV power generation system. The clean energy generated will be applied to the lighting and ventilation facilities of bridges and tunnels, the power facilities in service areas and other highway systems or output to the grid system.

As people all know, with the goal of «peak carbon dioxide emissions» and «carbon neutrality», the PV industry has ushered in new development opportunities and challenges. By 2020, China’s highway mileage has exceeded 150,000 kilometers. With the advent of the era of «5G + intelligent transportation» and the innovation of electric vehicles, intelligent charging piles, driverless technology in the field of transportation, the annual power consumption of the highway system will increase significantly, together with the original lighting and ventilation facilities of bridges and tunnels, and power facilities in service areas, PV power generation will have sufficient space for consumption. Typical demonstration, featured in power generation and environmental protection. 

PV + Highway

The project is a good solution to the single power supply structure of the power grid in remote areas of the highway system, and will be the best way to supplement the power supply in local service areas. At the same time, in addition to meeting the demand for electricity in the service area, combined with the attributes of the service area as a transportation infrastructure also maximizes the aesthetics of the PV project. In addition, combined with the Owner’s requirement to create the «PV + transportation» project of demonstration significance along the highways in China, the project design plan is to use the current domestic and international advanced PV power generation design concept, which integrates the road PV, sidewalk of modular PV tiles, slope PV, PV sound barrier, roof PV, central barrier PV and other forms of application in one. After completion, the project will become one of the more advanced and perfect «PV + transportation» projects along the highway and even in the highway system in China, which is of advanced demonstration significance and will play a positive role in promoting the combination of PV power generation technology and transportation infrastructures. TBEA Sunoasis drives business innovation with advanced technology, and has built a digital design platform integrating digital wind resource assessment, digital engineering design and 3D transmission line design, which can realize the whole life cycle design management of wind farms, issue 3D digital design solutions for wind power and photovoltaic that meet domestic and international design standards and handover standards, as well as 3D design solutions for 35kV collector lines of domestic wind farms and transmission lines of 220kV and below of the national grid, and has achieved a cumulative design capacity of over 16GW for projects in the new energy industry.

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