GWP

LG SHOWCASES LATEST INNOVATIVE HVAC SOLUTIONS AT MCE 2024

Retrieved on: 
Monday, March 11, 2024
Scroll, Carbon, HVAC, LG Electronics, Control unit, LCD, DUAL, Monobloc, Augmented reality, Air conditioning, Multi, MCE, CO2, Exhibition, Safety, Variable refrigerant flow, Person, Electricity, Soft, LG, VRF, LG ThinQ, Commercial Zone, Atmosphere of Earth, Energy, GWP, Temperature, Heat, Ventilation, Electronics, Atmosphere, ESS

SEOUL, South Korea, March 11, 2024 /PRNewswire/ -- LG Electronics (LG) is presenting its latest heating, ventilation and air conditioning (HVAC) solutions at Mostra Convegno Expocomfort (MCE) 2024 in Milan, Italy, from March 12-15. LG's booth will showcase the company's energy-efficient HVAC solutions for home and business, including the new DUALCOOL™ residential air conditioner indoor unit that provides a year-round pleasant indoor environment, residential heat pump solutions and commercial hydronic solutions employing low-Global Warming Potential (GWP) refrigerants.

Key Points: 
  • At Europe's Largest HVAC Exhibition, Company Introduces Highly Energy-Efficient Residential and Commercial Solutions Designed to Deliver Optimal Indoor Comfort
    SEOUL, South Korea, March 11, 2024 /PRNewswire/ -- LG Electronics (LG) is presenting its latest heating, ventilation and air conditioning (HVAC) solutions at Mostra Convegno Expocomfort (MCE) 2024 in Milan, Italy, from March 12-15.
  • The Commercial Zone also features LG's innovative heat recovery unit, designed to enhance the safety of R32-refrigerant-equipped HVAC solutions.
  • LG's industry-leading HVAC component solutions, including its efficient and durable compressors, will also be on display during the exhibition.
  • Visitors to LG's booth (#U28/Z16, Hall 5, Fiera Milano) at MCE 2024 can experience and explore the company's full portfolio of innovative HVAC solutions.

AM Best Revises Issuer Credit Rating Outlook to Stable for Middle East Insurance Company Plc

Retrieved on: 
Thursday, March 7, 2024
Banking, Professional Services, Insurance, Finance, ALL, USD, FSR, Risk management, News, AM Best, MEICO, Growth, Credit, GWP, Pressure, Bank

AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term ICR of “bb+” (Fair) of Middle East Insurance Company Plc (MEICO) (Jordan).

Key Points: 
  • AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term ICR of “bb+” (Fair) of Middle East Insurance Company Plc (MEICO) (Jordan).
  • The revision of the Long-Term ICR outlook to stable from negative reflects the stabilisation in MEICO’s balance sheet strength credit fundamentals, which had been under pressure in recent years.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

JSI Store Fixtures Launches New Line of Environmentally Friendly Refrigerated Displays

Retrieved on: 
Tuesday, February 27, 2024
Other Retail, Manufacturing, Supermarket, HVAC, Food, Beverage, Other Manufacturing, Green Technology, Retail, Environment, Machinery, Sustainability, HFC, JSI, LSI, Multimedia, Hydrofluorocarbon, Research, SNAP, Chlorofluorocarbon, GWP, Renewable energy

JSI Store Fixtures, an LSI Industries Inc. company (Nasdaq: LYTS), shipped its first order of refrigerated retail displays featuring environmentally friendly R290 refrigerant this month.

Key Points: 
  • JSI Store Fixtures, an LSI Industries Inc. company (Nasdaq: LYTS), shipped its first order of refrigerated retail displays featuring environmentally friendly R290 refrigerant this month.
  • JSI was well positioned to implement this new method in its store fixtures and to provide customers with an exciting, innovative, and environmentally sound solution to improve the environment.
  • JSI is committed to transitioning away from CFCs, HCFCs and HFCs to more environmentally friendly natural refrigerants such as R290 propane.
  • JSI established a new manufacturing site for research and development of next generation, environmentally friendly products to continue innovating industry-leading solutions.

United Kingdom Insurance Market Updates, H2 2023 Report - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 21, 2024
Insurance, Professional Services, Growth, GWP, Travel

The "UK Insurance Market Essentials - H2 2023 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "UK Insurance Market Essentials - H2 2023 Update" report has been added to ResearchAndMarkets.com's offering.
  • This report gives a brief overview of both personal and commercial lines in the UK general insurance market.
  • The total UK general insurance market increased by 8.2% in 2022 and is expected to have grown by 12.9% in 2023.
  • Understand how certain core markets in the UK general insurance market performed in 2022 and are expected to perform in 2023.

UK SME Insurance Market Dynamics Report 2023: Cost-of-Living Crisis is SMEs' Biggest Concern, with 81.8% of SMEs Concerned - Forecasts to 2027 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, February 20, 2024
Insurance, Professional Services, SME, Growth, GWP, Speciality chemicals

The "UK SME Insurance - Market Dynamics and Opportunities 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "UK SME Insurance - Market Dynamics and Opportunities 2023" report has been added to ResearchAndMarkets.com's offering.
  • This report looks at the state of the UK SME insurance market.
  • It utilizes the annual UK SME Insurance Survey to analyze SMEs' attitudes to insurance.
  • 3.1 The SME insurance market registered growth of 7.2% in 2022, and is set to have grown further in 2023e

Pioneer in Cyber Insurance in Brazil Receives $1.5 Million Funding

Retrieved on: 
Tuesday, March 5, 2024
Acquisition, General Data Protection Regulation, MDR, Attack, Risk management, VCS, GDPR, Risk, SME, GWP, Insurance

SÃO PAULO, March 5, 2024 /PRNewswire/ -- Bluecyber.insure, a pioneering insurtech in cyber insurance in Brazil, has received a $1.5 million investment from VCs Invisto.com.vc and Bossa Invest, as well as strategic investors from the insurance market. "This investment reflects the investors' confidence in Bluecyber's mission to simplify and expand insurance coverage for digital life protection of SMEs and families throughout Latin America, an underserved market with an estimated gross written premium (GWP) of USD 17.3 billion," says Eduardo Rocha, CEO of Bluecyber.

Key Points: 
  • Bluecyber, which offers digital protection insurance to SMEs and families, will expand its operations in Latin America
    SÃO PAULO, March 5, 2024 /PRNewswire/ -- Bluecyber.insure, a pioneering insurtech in cyber insurance in Brazil, has received a $1.5 million investment from VCs Invisto.com.vc and Bossa Invest, as well as strategic investors from the insurance market.
  • "This investment reflects the investors' confidence in Bluecyber's mission to simplify and expand insurance coverage for digital life protection of SMEs and families throughout Latin America, an underserved market with an estimated gross written premium (GWP) of USD 17.3 billion," says Eduardo Rocha, CEO of Bluecyber.
  • The investment has already enabled the acquisition of Ismac.io, which developed an innovative Managed Detection and Response (MDR) platform.
  • "We are confident that this new phase will be a watershed in the cyber insurance industry, offering innovative and comprehensive solutions," says Bluecyber's co-founder Claudio Macedo.

HISENSE SELECTS HONEYWELL TO MAKE HOME AIR CONDITIONERS SUSTAINABLE

Retrieved on: 
Thursday, February 29, 2024
Solvent, HFC, Solstice, GWP, Research, Aerosol, Quality of life, Electronics, Supply, Carbon, Safety, Climate change, Heat, Hydrofluorocarbon, Partnership, Renewable energy

CHARLOTTE, N.C., Feb. 29, 2024 /PRNewswire/ -- Honeywell (Nasdaq: HON) today announced that Hisense, a global consumer electronics and appliance manufacturer, will incorporate Honeywell's energy-efficient Solstice low-global warming potential (GWP) refrigerant into its residential air conditioning units.

Key Points: 
  • CHARLOTTE, N.C., Feb. 29, 2024 /PRNewswire/ -- Honeywell (Nasdaq: HON) today announced that Hisense, a global consumer electronics and appliance manufacturer, will incorporate Honeywell's energy-efficient Solstice low-global warming potential (GWP) refrigerant into its residential air conditioning units.
  • Hisense units will use Honeywell Solstice® 454B , a low-GWP refrigerant acknowledged for its outstanding performance in both cooling and heating.
  • Hisense's decision to integrate Honeywell's Solstice refrigerant is in line with global efforts to phase out higher GWP refrigerants for air conditioners and heat pumps.
  • "Our alliance with Honeywell signifies a formidable leap towards sustainability, as we integrate cutting-edge refrigerants into our industry-leading air conditioning units, ensuring unparalleled cooling efficacy with minimal environmental impact."

Axiom Cloud Closes $5 Million in Funding to Accelerate Deployment of Refrigerant Leak Detection Software

Retrieved on: 
Tuesday, February 27, 2024
Cloud, SAN, HFC, Leak detection, Hydrofluorocarbon, ROI, ELD, Toshiba, AIM, Entrepreneurship, Refrigeration, Carbon, Climate change, ALD, Head, EPA, CARB, GWP, Leak, Partnership

SAN JOSE, Feb. 27, 2024 /PRNewswire/ -- Axiom Cloud, announced today that it closed $5 million in funding from Toshiba Tec and Windsail Capital Group. This funding aims to accelerate the deployment of the company's AI-powered "Early Leak Detection" (ELD) module, which detects refrigerant leaks earlier without requiring any new onsite hardware or sensors. Axiom Cloud's technology and services will be especially vital as facilities move to comply with recently-announced EPA regulations outlined in the American Innovation and Manufacturing (AIM) Act, which restrict commercial emissions of Hydrofluorocarbons (HFCs) through refrigerant leaks and other sources.

Key Points: 
  • SAN JOSE, Feb. 27, 2024 /PRNewswire/ -- Axiom Cloud , announced today that it closed $5 million in funding from Toshiba Tec and Windsail Capital Group .
  • This funding aims to accelerate the deployment of the company's AI-powered " Early Leak Detection " (ELD) module, which detects refrigerant leaks earlier without requiring any new onsite hardware or sensors.
  • "This is our industry's moment to make a big dent in climate change," said Amrit Robbins, CEO and Co-Founder of Axiom Cloud.
  • "Axiom Cloud can help retailers reduce costs and improve operational efficiency, which we believe can benefit our customers significantly.

Alat and Carrier Partner to Advance Climate and Energy Solutions in the Kingdom of Saudi Arabia

Retrieved on: 
Wednesday, February 21, 2024
IMEC, HVAC, MENA, Air handler, Climate, Temperature, Growth, Carrier Global, VRF, Urbanization, Building, Giga-, Fourth Industrial Revolution, Heat, Carrier, Air conditioning, Heart, Ventilation, NEOM, CARR, Brother, GWP, Partnership

RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat (Alat), a PIF company, and Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced their commitment to build a cutting-edge manufacturing and R&D facility in Saudi Arabia that will deliver advanced heating, ventilation and air conditioning (HVAC) solutions. The partnership will serve customers in the Kingdom, and its visionary Giga projects, such as NEOM, as well as ensure broader regional – and even global – distribution. Alat was established on February 1, 2023, by His Royal Highness Prince Mohammed bin Salman Abdulaziz Al Saud, Crown Prince and Prime Minister, Chairman of the Board of Directors of Alat.

Key Points: 
  • RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat (Alat), a PIF company, and Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced their commitment to build a cutting-edge manufacturing and R&D facility in Saudi Arabia that will deliver advanced heating, ventilation and air conditioning (HVAC) solutions.
  • The agreement will leverage Alat's financial strengths and Carrier's technology and manufacturing capabilities to develop made-in-Saudi Arabia intelligent climate solutions, marking the first phase of the partnership with Alat.
  • Amit Midha, Chief Executive Officer at Alat, said: "We are proud to partner with a global leader in intelligent climate and energy solutions, and bring to the Kingdom expertise and innovation in this field.
  • "Carrier has long had a presence in Saudi Arabia and we see significant growth opportunities in the region.

City Furniture Selects Elite Rewards "Sales Vendor of the Year" 2023

Retrieved on: 
Tuesday, February 20, 2024
Merchandising, American Cancer Society, American Heart Association, Organic, Mastercard, National Urban League, COVID, Elite, Humanity, GWP, Partnership

ST. PETERSBURG, Fla., Feb. 20, 2024 /PRNewswire/ -- Elite Rewards, a consumer incentive marketing company based in Tampa, Florida received City Furniture's "Sales Vendor of the Year" Award for 2023 presented by CEO Andrew Koenig for its continued partnership and success growing business through its "Test Rest – Get & Give" and Gift with Purchase (GWP) programs.

Key Points: 
  • "Elite Rewards is always looking to evolve what customers desire as a gift, they're innovative and timely.
  • City Furniture also recognized Elite for its success in increasing conversion of in-store traffic into additional sales utilizing Elite's "Test Rest – Get & Give'' mattress program.
  • City Furniture introduced the concept of "Get $25, Give $25", to customers testing mattresses while visiting the store.
  • Those wishing to learn more about Elite Rewards, please visit www.eliterewards.biz , or contact J.B. Siegel, Press contact at [email protected] , tel: 727-543-8100.