USMCA

U.S. and International Companies Support Mexico's Efforts to Restrict GMO Corn

Retrieved on: 
Mardi, avril 25, 2023
Food, Verification, Farmer, The Non-GMO Project, Agriculture, GMO, Sale, Government, Genetically modified organism, Non-governmental organization, USDA, USMCA, Butterfly, Social, Health, International organization

BELLINGHAM, Wash., April 25, 2023 /PRNewswire/ -- The Non-GMO Project announced that it now verifies non-GMO products for sale in Mexico. This comes on the heels of Mexico's efforts to ban imports of genetically modified corn for human consumption in products such as masa and tortillas, as well as the controversial herbicide glyphosate. This undertaking is the focus of intense pressure from U.S. federal authorities in agriculture and trade.

Key Points: 
  • The commercial cultivation of GMO corn is already prohibited in Mexico.
  • Mexican President Lopez Obrador has also set the goal of gradually substituting domestically grown non-GMO corn for GMO corn now imported for feed and industrial uses.
  • There is significant support for Mexico's food sovereignty among U.S. and international companies, NGOs and individual citizens who recognize that the future of food is non-GMO.
  • "The Non-GMO Project applauds Mexico's efforts to restrict genetically modified corn in their attempt to safeguard native maize varieties and preserve Mexico's cultural heritage," said Megan Westgate, executive director at the Non-GMO Project.

Freight Technologies’ Fr8App Named BeatBox Beverages’ Number One Carrier for Cross Border Shipments

Retrieved on: 
Lundi, avril 24, 2023
Beatbox, SAB, Whirlpool, B2B, Professional, Freight technology, TTM, SRL, USMCA, AI, News, Cargo

BeatBox benefits from Fr8App's exceptional communication and frequent updates, which improve the shipping process and offer unmatched levels of service and professionalism.

Key Points: 
  • BeatBox benefits from Fr8App's exceptional communication and frequent updates, which improve the shipping process and offer unmatched levels of service and professionalism.
  • Rita Garza, BeatBox Operations Manager said, “In just one month of service, BeatBox has experienced a significant improvement in our cross border shipping process, thanks to Fr8App’s efficient and reliable services.
  • Fr8App has been an invaluable resource in helping with BeatBox’s logistics needs, and their ability to assist with cross-border shipments during the night shift has been particularly impressive.
  • In fact, BeatBox is already considering using Fr8App for their third shift in addition to our day-time shifts.

Hexagon Purus and Panasonic Energy sign multi-year supply agreement for battery cells in North America

Retrieved on: 
Mardi, avril 18, 2023
EVP, Cell, IRA, Inflation, Hino, USMCA, Hexagon, Growth, Inflation Reduction Act of 2022, United, Panasonic, Electric battery

(Oslo, Norway, 18 April 2023) Hexagon Purus Systems USA LLC, a subsidiary of Hexagon Purus ASA (“Hexagon Purus”), a world leading manufacturer of zero emission mobility and infrastructure solutions, has signed a multi-year agreement for the supply of lithium-ion battery cells with Panasonic Energy Co., Ltd. (“Panasonic”), a global provider of innovative battery technology-based products and solutions.

Key Points: 
  • (Oslo, Norway, 18 April 2023) Hexagon Purus Systems USA LLC, a subsidiary of Hexagon Purus ASA (“Hexagon Purus”), a world leading manufacturer of zero emission mobility and infrastructure solutions, has signed a multi-year agreement for the supply of lithium-ion battery cells with Panasonic Energy Co., Ltd. (“Panasonic”), a global provider of innovative battery technology-based products and solutions.
  • Panasonic will supply battery cells for Hexagon Purus’ proprietary battery systems, marking yet another important milestone for Hexagon Purus’ zero-emission heavy-duty offering in North America with battery system production initially slated for Kelowna, Canada.
  • As part of the supply agreement, Hexagon Purus will prepay approximately USD 43 million (approximately NOK 450 million) through 2025, subject to the achievement of certain milestones.
  • “We are thrilled to announce this landmark agreement with Panasonic which further solidifies our leading battery system and vehicle integration offering in North America”, says Todd Sloan, EVP of Hexagon Purus.

Fr8Tech (FRGT) Regains Compliance with Nasdaq Listing Rule

Retrieved on: 
Mercredi, avril 12, 2023
LTL, B2B, Calendar, Freight technology, USMCA, Staff, Auction

The closing bid price for the Company's ordinary shares had fallen below $1.00 per share for 30 consecutive business days and accordingly, the Company no longer complied with the minimum bid price requirement for continued listing on the Nasdaq Capital Market pursuant to the Nasdaq Listing Rule 5550(a)(2).

Key Points: 
  • The closing bid price for the Company's ordinary shares had fallen below $1.00 per share for 30 consecutive business days and accordingly, the Company no longer complied with the minimum bid price requirement for continued listing on the Nasdaq Capital Market pursuant to the Nasdaq Listing Rule 5550(a)(2).
  • However the Nasdaq Listing Rules also provided the Company a compliance period of 180 calendar days (i.e.
  • In order to regain compliance, the Company effected a 10: 1 reverse split of its ordinary shares, which began trading on a split adjusted basis on March 24, 2023.
  • Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2), and this matter is now closed.

Freight Technologies Inc. (FRGT) Reports Highest Monthly Increase in New Clients Since Fr8App Platform Inception

Retrieved on: 
Mercredi, avril 5, 2023
Kimberly-Clark, Freight technology, TTM, Name, USMCA, Growth, YTD, Motorcycle, Cargo, Cryptocurrency

“The new shipper clients represent a potential for significant recurring traffic on our platform and include leading first tier automotive clients, renowned motorcycle brands, and cocktail drinks – most of whom are household names.

Key Points: 
  • “The new shipper clients represent a potential for significant recurring traffic on our platform and include leading first tier automotive clients, renowned motorcycle brands, and cocktail drinks – most of whom are household names.
  • Fr8Tech management also shared its 2023 revenue guidance of $36 million, representing a nearly 40% growth from Fr8App’s 2022 full-year revenue.
  • This implies a potential upside of over 11X on the closing price of March 28, 2023 of $1.560.
  • Both discount percentages are figures that the company believes to be significant discounts to market comparable shares.

Freight Technologies, Inc. Awarded Whirlpool Contract

Retrieved on: 
Jeudi, mars 30, 2023
Life, B2B, 1&1 AG, Freight technology, TTM, USMCA, AI

This significant accomplishment reinforces our position as a trusted logistics partner and paves the way for a promising future with a key industry player.

Key Points: 
  • This significant accomplishment reinforces our position as a trusted logistics partner and paves the way for a promising future with a key industry player.
  • Our team is dedicated to delivering high-quality services supported by the best technologies and that prioritize efficiency and sustainability for all of our clients.
  • This implies a potential upside of over 12X on the closing price of March 28, 2023 of $1.460.
  • Both discount percentages are figures that the company believes to be significant discounts to market comparable shares.

Proterra Congratulates LG Energy Solution on Announcement of Arizona Battery Manufacturing Complex

Retrieved on: 
Vendredi, mars 24, 2023
LG Energy Solution, Inflation, United, Inflation Reduction Act of 2022, NCMA, EV, Keuffel and Esser Manufacturing Complex, USMCA, Proterra (bus manufacturer), Electric battery, Proterra

BURLINGAME, Calif., March 24, 2023 (GLOBE NEWSWIRE) -- Proterra Inc (NASDAQ: PTRA), a leading innovator in commercial vehicle electrification technology, today congratulated LG Energy Solution on its announcement that it will construct a battery manufacturing complex in Queen Creek, Arizona.

Key Points: 
  • The two companies previously announced a long-term supply agreement for cylindrical cells manufactured at a LG Energy Solution U.S. facility
    The Manufacturing Complex is expected to include dedicated battery cell capacity for Proterra-manufactured, USMCA-compliant commercial EV battery systems
    BURLINGAME, Calif., March 24, 2023 (GLOBE NEWSWIRE) -- Proterra Inc (NASDAQ: PTRA), a leading innovator in commercial vehicle electrification technology, today congratulated LG Energy Solution on its announcement that it will construct a battery manufacturing complex in Queen Creek, Arizona.
  • Proterra and LG Energy Solution previously announced a long-term supply agreement to provide Proterra with cylindrical cells produced at an LG Energy Solution battery cell manufacturing plant in the United States.
  • Today’s announcement by LG Energy Solution regarding the future Queen Creek, Arizona complex represents a major step forward to secure Proterra access to multiple gigawatt hours of dedicated U.S.-manufactured battery cell capacity on an annual basis.
  • “As an American technology leader, Proterra is proud to be part of LG Energy Solution’s decision to bring battery cell manufacturing to the United States,” said Gareth Joyce, Proterra CEO.

Freight Technologies Inc. (FRGT) Takes Action to Regain NASDAQ Compliance

Retrieved on: 
Jeudi, mars 23, 2023
Transfer, B2B, Freight technology, Bangladesh Securities and Exchange Commission, TTM, USMCA, CUSIP, AI, United, Cryptocurrency

Freight Technologies Inc.’s ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol “FRGT,” but will trade under a new CUSIP number (G514113113).

Key Points: 
  • Freight Technologies Inc.’s ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol “FRGT,” but will trade under a new CUSIP number (G514113113).
  • Javier Selgas, CEO of Freight Technologies, commented, “Freight Technologies is on a mission to first disrupt then revolutionize cross-border shipping and domestic shipping within the United States-Mexico-Canada (USMCA) region.
  • Freight Technologies Inc.’s transfer agent, Transhare Securities Transfer and Registrar, will act as the exchange agent.
  • Additional information concerning the reverse stock split can be found in Freight Technologies Inc.’s Form 6-K filed with the U.S. Securities and Exchange Commission on March 23.

Freight Technologies Inc. Introduces Fr8Now

Retrieved on: 
Jeudi, mars 16, 2023
FTL, Freight technology, Naval ship, B2B, USMCA, Algorithm, LTL, YTD, Growth, AI, Cargo

With Fr8Now, Freight Technologies is marking its entry into the highly fragmented and rapidly growing LTL market in Mexico, which is estimated to be growing significantly, and has few established players.

Key Points: 
  • With Fr8Now, Freight Technologies is marking its entry into the highly fragmented and rapidly growing LTL market in Mexico, which is estimated to be growing significantly, and has few established players.
  • The Fr8Now platform, similar to Fr8App, uses machine-learning algorithms to match shippers with the best carriers, making the entire shipping process faster, more efficient, and more cost-effective.
  • “Our team has worked tirelessly to bring Fr8Now operational,” said Javier Selgas, CEO of Fr8Tech.
  • We are confident that Fr8Now will be a game-changer for businesses looking to ship goods both in-country in Mexico and from Mexico to the exterior.

Freight Technologies, Inc. Reports Strong Revenue Growth: YTD Revenue Reaches $25.9 Million, Up 20.3% from Prior Year; Almost 40% Annual Revenue Growth Projected for 2023

Retrieved on: 
Mardi, mars 7, 2023
Growth, Freight technology, USMCA, B2B, AI, LTL, YTD, Video game

HOUSTON, March 07, 2023 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech''), a technology company offering its custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning that offers a real-time portal for B2B cross-border and domestic shipping within the USMCA region, today reports fourth quarter 2022 revenue for the period ended Dec. 31, 2022.

Key Points: 
  • Fr8Tech reported $4.4 million in quarterly revenue for Q4 2022, and YTD 2022 revenue reached an impressive $25.9 million, up 20.6% from the prior year.
  • With eyes set firmly on the future, Fr8Tech's management announced 2023 revenue guidance of $36 million, representing almost 40% growth from Fr8App's 2022 full-year revenue of $25.9 million.
  • “We are proud to report another successful year of growth in 2022, with YTD revenue up 20.6% from the prior year," said Paul Freudenthaler, Fr8Tech’s CFO.
  • With an optimistic outlook and an increasing source of revenue from complementary brands, Fr8Tech is poised for another successful year in 2023."