Acceleration

Power Solutions International Announces Extension to $50 Million Shareholder Loan Agreement With Weichai America

Retrieved on: 
Friday, December 2, 2022

Borrowings under the Third Shareholders Loan Agreement will incur interest at the applicable Secured Overnight Financing Rate (SOFR), plus 4.65% per annum.

Key Points: 
  • Borrowings under the Third Shareholders Loan Agreement will incur interest at the applicable Secured Overnight Financing Rate (SOFR), plus 4.65% per annum.
  • Further, if the applicable term SOFR is negative, the interest rate per annum shall be deemed as 4.65% per annum.
  • If the interest rate for any loan under the Third Shareholders Loan Agreement is lower than Weichais borrowing cost, the interest rate for such loan shall be equal to Weichais borrowing cost plus 1%.
  • Power Solutions International, Inc. (PSI) is a leader in the design, engineering and manufacture of a broad range of advanced, emission-certified engines and power systems.

Quality Carriers Named a Top Company for Women in Transportation

Retrieved on: 
Friday, December 2, 2022

TAMPA, Fla., Dec. 02, 2022 (GLOBE NEWSWIRE) -- Quality Carriers, Inc., a privately-held global logistics and transportation provider with market-leading business has been named a 2022 Top Company for Women to Work For in Transportation by Women in Trucking .

Key Points: 
  • TAMPA, Fla., Dec. 02, 2022 (GLOBE NEWSWIRE) -- Quality Carriers, Inc., a privately-held global logistics and transportation provider with market-leading business has been named a 2022 Top Company for Women to Work For in Transportation by Women in Trucking .
  • Whether its our drivers, our mechanics, or our leadership, having women in trucking is a core part of our values and a core part of our company.
  • Nominees are carefully reviewed by Women in Trucking and voted on by members of the transportation industry.
  • To build on this award, Quality Carriers will continue to foster, cultivate and preserve a culture of diversity, equity and inclusion within the transportation industry.

New Jersey's Last Operating Coal Fired Power Plant Imploded

Retrieved on: 
Friday, December 2, 2022

SWEDESBORO, N.J., Dec. 2, 2022 /PRNewswire/ -- New Jersey state dignitaries, environmental advocates and energy executives gathered today at the Logan Generating site in Swedesboro, NJ to witness the implosion of the State's last operating coal fired power plant. Event speakers including: Himanshu Saxena, CEO of Starwood Energy, the owner of the Logan Plant, Frank Minor, Mayor of Logan Township, Ramón Cruz, President of the Sierra Club, and Joseph Fiordaliso, Board President of the New Jersey Bureau of Public Utilities, all marked the event as the end of an era, signaling the acceleration of a clean energy future for New Jersey and the Region.

Key Points: 
  • SWEDESBORO, N.J., Dec. 2, 2022 /PRNewswire/ -- New Jersey state dignitaries, environmental advocates and energy executives gathered today at the Logan Generating site in Swedesboro, NJ to witness the implosion of the State's last operating coal fired power plant.
  • Mr. Saxena recounted a brief history of the plant, which began operations in 1994.
  • At 10:58 AM, a wailing all clear siren could be heard in the distance around the coal plant.
  • At 11:00 AM, witnesses watched as Mr. Fiordasilo pushed the symbolic demolition button and the coal plant and tall stack imploded into a sliding heap emblematic of the moment's significance.

Vision Marines Technologies, The New H2e, The Finer Side of Electric Boating Offered by Four Winns

Retrieved on: 
Friday, December 2, 2022

Four Winns continues to be committed to a comfortable and instinctive experience on the water and is ecstatic to announce a daring move into electric boating.

Key Points: 
  • Four Winns continues to be committed to a comfortable and instinctive experience on the water and is ecstatic to announce a daring move into electric boating.
  • Known for manufacturing sophisticated and elegant bowriders and deck boats, Four Winns expands its offer with a new 100% electric, 22 bowrider the H2e.
  • This industry-leading move clearly positions Four Winns as an innovative pioneer with a clear focus on the refined customer experience.
  • Vision Marine continues to design, innovate, manufacture, and sell handcrafted, high performance, environmentally friendly, electric recreational power boats to customers.

EQS-News: FatBrain AI Is Working To Mitigate COVID Concerns Over The Holidays

Retrieved on: 
Friday, December 2, 2022

Doctors are urging the public to be extra careful over the next few months as we approach our third pandemic holiday season.

Key Points: 
  • Doctors are urging the public to be extra careful over the next few months as we approach our third pandemic holiday season.
  • Masks and testing are effective ways to prevent the spread of COVID but accessing risk data is just as critical.
  • While there is state-level data, until recently there has not been consistent local data for citizens to rely on.
  • FatBrain unifies insights from SaaS applications, turbo-charged by peer and market dynamics:
    1) Realize attainable goals from explainable peer performance.

Yida Gao and Shima Capital Invest in Web3 Gaming Startup Midnight

Retrieved on: 
Friday, December 2, 2022

SAN FRANCISCO, Dec. 1, 2022 /PRNewswire/ -- Shima Capital, led by founder and Managing General Partner Yida Gao, are delighted to announce their investment in Web3 gaming startup Midnight. Shima led the $7.5 million seed round for the company, which just emerged from stealth mode last week.

Key Points: 
  • SAN FRANCISCO, Dec. 1, 2022 /PRNewswire/ -- Shima Capital, led by founder and Managing General Partner Yida Gao, are delighted to announce their investment in Web3 gaming startup Midnight.
  • The team, and its connection to IPs, played a major role in what initially attracted Shima Capital to the project.
  • "Midnight is a project that really stands out from the rest," said Shima Capital founder Yida Gao.
  • Midnight is the latest investment by Shima Capital in the Web3 gaming sector.

645 Ventures Closes $347M Fourth Fund and First Select Fund to Invest in Iconic Technology Companies

Retrieved on: 
Thursday, December 1, 2022

NEW YORK and SAN FRANCISCO, Dec. 1, 2022 /PRNewswire/ -- 645 Ventures, an early-stage venture capital firm that partners with exceptional founders building iconic technology companies, today announced its oversubscribed fourth fund, Fund IV, alongside the launch of the firm's first opportunity fund, Select I. The closing of these two funds, totaling $347M, tracks the venture firm's exponential growth, scaling the portfolio to 50+ companies, 15 team members, two offices, and eight exit events since its inception in 2014. The new funds are backed by prestigious limited partners including endowments, foundations, fund of funds, family offices, and high net worth individuals. Due to 645's top quartile performance, existing limited partners significantly increased their allocations to the new funds, and several new institutional LPs joined the roster.

Key Points: 
  • 645 focuses on vertical and horizontal SaaS, infrastructure software, consumer categories such as online marketplaces, and Crypto/Web3.
  • "Our Fund IV and Select I Fund enable 645 to continue applying the winning formula that has led us to invest in billion-dollar companies at their earliest stages," said Nnamdi Okike, Managing Partner and Co-Founder at 645.
  • 645 Ventures is an early-stage venture capital firm that partners with exceptional founders who are building iconic companies.
  • Select companies that have reached the growth stage include Iterable, Goldbelly, Resident, Eden Health, FiscalNote, Lunchbox, and Squire.

InventHelp Inventor Develops Improved Child Safety Seat & Tablet Mount (CHK-257)

Retrieved on: 
Thursday, December 1, 2022

Key Points: 
  • PITTSBURGH, Dec. 1, 2022 /PRNewswire/ -- "I wanted to create a new child safety seat with an improved tablet mount to increase safety and entertainment for children in the car," said an inventor, from Chicago, Ill., "so I invented The All In One Super Seat.
  • The patent-pending invention provides an improved safety seat for children traveling in a vehicle.
  • In doing so, it offers a safer way to mount and view a child's tablet device.
  • As a result, it eliminates the need to hold the tablet or use a traditional mount that may cause injuries and it enhances entertainment and safety for children.

GWM Signs Hundreds of Distributors to Maintain Growth Momentum in Global Sales

Retrieved on: 
Thursday, December 1, 2022

BAODING, China, Dec. 1, 2022 /PRNewswire/ -- On November 30, GWM signed agreements with hundreds of distributors at the Thailand International Motor Expo 2022, which further expanded its global sales network.

Key Points: 
  • BAODING, China, Dec. 1, 2022 /PRNewswire/ -- On November 30, GWM signed agreements with hundreds of distributors at the Thailand International Motor Expo 2022, which further expanded its global sales network.
  • A distributor from a member state of ASEAN said, "A number of innovative new energy vehicles and technologies show the strength of GWM.
  • In addition, some distributors were also willing to introduce GWM's new energy products to promote vehicle sales in the local market.
  • The partnerships established with these overseas distributors isa further step taken by GWM in its globalization strategies and new energy transformation.

Gluware Announces New U.S. Distribution Relationship with Ingram Micro's Emerging Vendor Business Unit

Retrieved on: 
Thursday, December 1, 2022

SACRAMENTO, Calif., Dec. 1, 2022 /PRNewswire/ -- Gluware, Inc., the leader in intelligent network automation, today announced a U.S. distribution agreement with Ingram Micro Inc.'s Emerging Vendor Business Unit (EBG). This alliance provides value-added resellers (VARs) and solution providers the opportunity to add Gluware's Intelligent Network Automation Suite to their portfolio of offerings in addition to providing network automation services to existing customers. Using Gluware, VARs and solution providers will be better equipped to automate complex networks at scale, safeguard mission-critical operations, and ensure business continuity and resilience. This alliance highlights Gluware's continued commitment to its channel program and the channel community.

Key Points: 
  • SACRAMENTO, Calif., Dec. 1, 2022 /PRNewswire/ -- Gluware, Inc. , the leader in intelligent network automation, today announced a U.S. distribution agreement with Ingram Micro Inc.'s Emerging Vendor Business Unit (EBG).
  • Using Gluware, VARs and solution providers will be better equipped to automate complex networks at scale, safeguard mission-critical operations, and ensure business continuity and resilience.
  • Gluware empowers its users to forge a pathway toward fully-automated networks that provide a foundation for business innovation and competitive advantage.
  • "We are proud to build this relationship with Gluware and excited to bring this opportunity to our channel partners.