BASF Environmental Catalyst and Metal Solutions sets the standard for 100% recycled platinum group metal (PGM) offering with Verdium™

  • With Verdium, customers can verify carbon reduction for recycled PGM purchases, including PGMs attributed to select end products
  • One kilogram of Verdium recycled metal saves over thirty metric tons of carbon1
  • UL Solutions provides independent, third-party validation of the physical chain of custody and mass balance accounting

ISELIN, N.J., Dec. 18, 2023 (GLOBE NEWSWIRE) — BASF Environmental Catalyst and Metal Solutions (ECMS), a global leader in precious metal services and catalysis, today launched Verdium™, a new approach to recycled metal based on mass balance. Recycled (secondary) PGMs are essential to the supply of platinum, palladium and rhodium, critical minerals used in catalysts, and can lower carbon emissions by up to 97 percent in comparison to mined (primary) materials. One kilogram of Verdium saves over thirty metric tons of carbon, enabling customers to verify their carbon reduction, track progress to their sustainability goals and help lower their Scope 3 emissions.

Verdium has been independently validated by UL Solutions, a leading global safety science company acting as an independent third party, to its mass balance chain of custody (CoC) standard UL 2809-1, the Environmental Claim Validation Procedure for Defined Source Content, which is in accordance with CoC design and models specified in ISO 22095. The validation process includes annual CoC audits and site visits by UL Solutions.

“Independent validation by UL Solutions is a testament to our recycled metal approach that sets the standard in the PGM space,” said Tim Ingle, Senior Vice President, Precious Metal Services and Recycling, ECMS. “It also brings transparency to the PGM value chain, enabling customers to track carbon reduction with accuracy and confidence.”

Verdium will be available to Europe and U.S.-based PGM customers starting in January 2024. Customers will receive the same quality recycled metal from ECMS, but with Verdium, they can verify their carbon reduction. Documented verification will confirm the amount of recycled metals purchased and applied to select end products, which can be traced to a concrete carbon metric.

“We have long been a leader in advancing circularity and sustainability through our metals expertise,” said Dirk Bremm, President and CEO, ECMS. “Recognizing the pressing demand for tangible sustainability progress, we worked in close consultation with our customers to design Verdium as a traceable, audited solution that helps customers make measurable strides toward their goals.”

“We commend ECMS for their carbon reduction efforts. We hope the UL certification of Verdium will help pave the way for ECMS and its customers to achieve their environmental goals and a more sustainable future for all,” said Josh Warren, Vice President and General Manager of the Retail and Consumer Product group at UL Solutions.

1Sphera Solutions GmbH (2022): GaBi Database Edition 2022, SP37

About BASF Environmental Catalyst and Metal Solutions
Leveraging its deep expertise as a global leader in catalysis and precious metals, BASF Environmental Catalyst and Metal Solutions (ECMS) serves customers in many industries including automotive, aerospace, indoor air quality, semiconductors and hydrogen economy, and provides full loop services with its precious metals trading and recycling offering. With a focus on circular solutions and sustainability, ECMS is committed to helping our customers create a cleaner, more sustainable world. Protecting the elements of life is our purpose and this inspires us to ever-new solutions. ECMS operates globally in 15 countries with over 4,500 employees and 20 production sites.

Media Relations contact
Betsy Arnone
Phone: 973-519-9808
Betsy.arnone@basf-catalystsmetals.com
BASF ECMS
25 Middlesex Essex Turnpike
Iselin, NJ 08830
www.basf.com/ecms

GlobeNewswire Distribution ID 9006577

IdentiFlight Enters French Energy Market as e3 IDF GmbH Announces New Office in Nantes

Yoann Payelleville

Yoann Payelleville, General Manager of e3 IdentiFlight France

NANTES, France, Dec. 18, 2023 (GLOBE NEWSWIRE) — e3 IDF GmbH and IdentiFlight announce the launch of e3 IdentiFlight France in the Nantes area, reinforcing IdentiFlight’s global presence and commitment to the French market. The French office offers expertise in renewable energy project development and the IdentiFlight product – the industry leader in avian species detection technology for wind farm applications.

Recognized in 2023 by French Authorities for its effectiveness in reducing red kite fatalities in wind farms, IdentiFlight combines AI and high-precision optics to identify bird species and prevent collisions with wind turbine blades.

Jens Schoettler, CEO of e3 IDF GmbH, emphasized, “The demand for wind energy is continuously rising. The expansion of e3 offices into France will enable us to meet the increasing need for avian detection and protection across Europe.”

Leading the e3 IdentiFlight France office is Yoann Payelleville, a 20-year veteran in the wind energy sector. His extensive experience in engineering and sales at Enercon equips him with a deep understanding of the French wind energy market.

Don Mills, President and Chief Operating Officer of IdentiFlight, expressed his excitement about the expansion, stating, “We are thrilled that the e3 IdentiFlight France office will provide greater accessibility to technology that offers maximum avian protection while maximizing wind energy generation. This partnership expansion with e3 will enhance our ability to serve the French market.”

The e3 IdentiFlight France office will be recruiting new positions to help meet the growing French market demand for IdentiFlight technology. To learn more about employment opportunities, please visit the e3 website or email contact@e3-identiflight.fr.

About IdentiFlight and How it Works

Developed by Boulder Imaging, Inc., IdentiFlight utilizes cutting-edge machine vision and AI technology to achieve a 99% accuracy rate in identifying avian species within a one-kilometer range in wind farms. Specialized software and neural networks swiftly analyze images, determining 3D position, speed, trajectory, and specific species.

IdentiFlight safeguards birds in operational wind farms by preventing collisions with turbine blades and reduces energy loss through informed curtailment. Additionally, it supports wind energy projects by quantifying bird activity at potential sites. Deployed globally since 2016 and independently validated over multiple years, the IdentiFlight system now protects hundreds of wind turbines worldwide. Independent research underscores its effectiveness, showcasing an over 85% reduction in avian fatalities over previous mitigation methods.

Explore further at www.IdentiFlight.com.

About e3 IdentiFlight France

e3 IdentiFlight France is a subsidiary of e3, a wind energy company, focused on project development in Germany. Situated in the Nantes area in Vertou, e3 IdentiFlight France promotes wind development and wildlife conservation using the IdentiFlight product. Collaborating with its parent company, e3 IDF GmbH, the French office brings over 15 years of expertise in renewable energy project development to address the growing demand for green energy. From project inception to wind farm commissioning, the e3 offices support projects throughout their lifecycle, offering industry insights from site selection to repowering initiatives.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b6ae4509-b529-4c77-a8d0-357257ed9cf8

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dd44536f-dfea-48f2-a673-92550afa1315

CONTACT INFORMATION
Tawney Eisenbraun
Marketing and Communications Manager
+1.605.863.1232
teisenbraun@boulderimaging.com

GlobeNewswire Distribution ID 9005801

Curia Appoints Gerald Auer as Chief Financial Officer

ALBANY, N.Y., Dec. 15, 2023 (GLOBE NEWSWIRE) — Curia, a leading contract research, development and manufacturing organization, today announced that Gerald Auer has been appointed as chief financial officer. He will join the organization effective Jan. 1, 2024.

“I am delighted to welcome Gerald to Curia as we head into the new year,” said Curia CEO Philip Macnabb. “Gerald brings extensive experience leading finance divisions with an impressive track record for success. I am confident that he will be an invaluable asset to our team and will help position us for a strong year in 2024.”

Auer most recently served as CFO at Al Dahra, a company specializing in agribusiness. Prior to his time at Al Dahra, Auer was CFO of the EMEA crop science division at Bayer, a life science company focused on health care and agriculture, and CFO of Bayer Switzerland. He spent more than 20 years at Bayer and held multiple leadership roles within its finance department, leading finance functions across the global organization in the North and Latin America region as well as Europe, the Middle East and Africa. Auer studied at the University of Marburg in Germany where he earned his master’s degree in business administration.

He currently resides in Basel, Switzerland with his family, but they plan to relocate to Raleigh, North Carolina in 2024.

“Curia is a dynamic company in the CDMO space with an inspirational mission to improve patients’ lives,” said Auer. “I look forward to collaborating with the talented team at Curia to help drive that mission for our customers and their patients.”

About Curia

Curia is a leading contract research, development, and manufacturing organization providing products and services from R&D through commercial manufacturing to pharmaceutical and biopharmaceutical customers. Curia’s nearly 4,000 employees at 27 locations across the U.S., Europe, and Asia help its customers advance from curiosity to cure. Learn more at CuriaGlobal.com.

Curia Contact Information:
Viana Bhagan
+1 518 512 2111
corporatecommunications@CuriaGlobal.com

GlobeNewswire Distribution ID 8995447

Desert X AlUla Third Edition of International Art Exhibition Will Open 9 February – 23 March 2024 Under the Theme of ‘In The Presence Of Absence’, Artists Will Explore That Which Cannot be Seen

Maya El Khalil, Desert X AlUla 2024 co-curator and Marcello Dantas

From Right to Left: Maya El Khalil, Desert X AlUla 2024 co-curator and Marcello Dantas, Desert X AlUla 2024 co-curator, Courtesy of the Royal Commission for AlUla.

ALULA, Saudi Arabia, Dec. 14, 2023 (GLOBE NEWSWIRE) — Open to all, Desert X AlUla is a recurring and temporary, site-responsive, international open-air art exhibition taking place in AlUla, a globally significant ancient desert region in the Arabian Peninsula. Desert X AlUla takes place as a highlight of the AlUla Arts Festival. Raneem Farsi and Neville Wakefield will return as this year’s artistic directors and the exhibition will be curated by Maya El Khalil and Marcello Dantas. El Khalil is a renowned art advisor and curator with a focus on the MENA region. Dantas is an award-winning curator known for innovative interdisciplinary practices linking science, history and technology to create engaging and participatory exhibition experiences.

Royal Commission for AlUla

Following two exhibitions since 2020, Desert X AlUla returns for its third edition from 9 February – 23 March 2024, placing visionary contemporary artworks by Saudi and international artists amidst the extraordinary desert landscape of AlUla, a majestic region in north-west Saudi Arabia of natural and creative heritage steeped in a legacy of cross-cultural exchange.

Under the theme of In the Presence of Absence, Desert X AlUla 2024 asks ‘what cannot be seen?’ Often dismissed as spaces of emptiness, deserts are rendered mute, static, but there is much more than meets the eye. Artists taking part in Desert X AlUla 2024 have been invited to explore ideas of the unseen and the inexpressible. Encouraged to engage with what is not immediately apparent, they stage new encounters with the landscape, imagining alternative perspectives that appreciate the imperceptible forces and atmospheres of time, wind, light, the flows of history and myths woven into the place.

Dana Awartani, Where The Dwellers Lay, Desert X AlUla 2022, photo by Lance Gerber, Courtesy of the Royal Commission for AlUla.

Dana Awartani, Where The Dwellers Lay, Desert X AlUla 2022, photo by Lance Gerber, Courtesy of the Royal Commission for AlUla.

Desert X AlUla is a collaboration between Desert X and the Royal Commission for AlUla (RCU) established to advance new cultural dialogue through art. The first site-responsive exhibition of its kind in Saudi Arabia, it fosters exchange between artists, curators and international and local communities, shaped by a curatorial vision that takes the desert as its inspiration. Building on the legacy of Desert X, which takes place in California’s Coachella Valley, Desert X AlUla draws on principles of land art, offering a profound opportunity to experience art in dialogue with nature.

Desert X AlUla has played a pivotal role in paving the way for the development of another initiative due to open in AlUla in 2026, Wadi AlFann, a 65 square kilometre site set to become a global destination for monumental site-specific, permanent land art. Marking a major milestone in the Royal Commission for AlUla’s Cultural Manifesto, the epic, monumental scale of Wadi AlFann’s cross-generational commissions will open a new chapter in art history, expanding and continuing for years to come. Both Desert X AlUla and Wadi AlFann are examples of RCU’s vision for art in the landscape.

As well as being a historic cultural site, AlUla is at the heart of Saudi Arabia’s burgeoning arts scene. Arts AlUla is dedicated to creating a culturally enriched place to live and visit, to revive the rich legacy of arts in the region and to create opportunities for the community to experience art as a source of education and enrichment through job creation and skills development.

The upcoming edition of Desert X AlUla will be situated in locations within the Wadi AlFann desert, Harrat Uwayrid and AlManshiyah Railway Station, inviting visitors to wander through and experience spectacular and varied landscapes as they weave their journey between the works. Desert X AlUla aims to contribute to and continue the artistic heritage of the local community and region: Works from Desert X AlUla 2020 by Sherin Guirguis, Lita Albuquerque, Manal AlDowayan, Superflex, Mohamed Ahmed Ibrahim and Nadim Karam have been acquired by RCU, some of which are on view at Habitas, AlUla. Works from Desert X AlUla 2022 by Dana Awartani, Alicja Kwade, Monika Sosnowska, Sultan Bin Fahad, Khalil Rabah, Shezad Dawood and Serge Attukwei Clottey have been acquired by RCU, some of which are on display. Jim Denevan’s work for Desert X AlUla 2022 also remains in its original location, where it will dissipate naturally. Desert X AlUla has been building local and international audiences over the years, with a 53% increase in average visitors per day from 2020 to 2022 editions.

Home to the UNESCO World Heritage Site, Hegra, built by the Nabataeans over 2,000 years ago, the AlUla region has been at the crossroads of cultural exchange for millennia, historically lying on the incense trade route and once capital to the ancient Kingdom of Dadan. Today, it is once again a crossroads of cultural inspiration, valuing arts and creativity as an essential layer of enrichment.

Desert X AlUla takes place as a highlight of the AlUla Arts Festival, which runs from 9 February – 2 March 2024. During the festival, More than meets the Eye, an exhibition of modern and contemporary works by Saudi artists will be presented by the contemporary art museum, AlUla. There will also be an exhibition of work by Wadi AlFann commissioned artist Manal AlDowayan in Aljadidah Arts District. The festival will immerse visitors in a vibrant celebration of contemporary visual and public art, design, curated cinema, art tours, and artist residencies. At AlUla’s mixed-use creative hub, Madrasat Addeera, there will be hands-on workshops on crafts such as palm weaving, pottery, jewelry, geometry, 3D strictures, textiles, and many more.

Maya El Khalil, curator, Desert X AlUla 2024, says:
The region of AlUla is monumental. Formed of inconceivable spans of time and space, the urge is to meet it with imitations of similar size and impact. But the reality is, human efforts struggle to match the grandeur sculpted here across eons. We challenged the artists to adjust their perspective to encounter the unseen aspects of the place with reverence, attuning to the forces, rhythms and processes that shape the landscape in imperceptible ways. Their works diagram and engage ephemeral phenomena like the movement of light or the erosion of wind, becoming performed by these forces to reveal the monumental significance of what might at first seem absent.

Marcello Dantas, curator, Desert X AlUla 2024, says:
The desert, often perceived as a place of emptiness, gradually unveils its intricate layers of existence as one immerses in it. These layers manifest through the ever-shifting terrain, the intricate dance of time, the evidences of life, and the transformative power of climate. Desert X AlUla invites artists to create original works with a unique canvas on an unprecedented scale. We tasked these artists with the mission of uncovering traces that transcend the limits of our sight, blurring the line between what we see and what we truly perceive, in the presence of absence.

Nora Aldabal, Executive Director of Arts and Creative Industries at RCU says:
We are delighted to have Maya and Marcello as the curators for Desert X AlUla 2024. Both have spent time in AlUla and understand its rich heritage as a place of cultural exchange and connect with the complex and spectacular landscapes of AlUla. Under their curation, the selected artists will explore themes of the unseen, challenging human-centric perspectives in an awe-inspiring landscape, we look forward to seeing the works that will be on show.

For more information please visit:

www.livingmuseum.com/arts

@artsalula @experiencealula @alulamoments @_desertx (Instagram)
@desertx (Facebook)

#desertxalula

PRESS CONTACTS

Desert X AlUla:
Saskia Deliss, Pelham Communications saskia@pelhamcommunications.com
Victoria Newark, Pelham Communications vicky@pelhamcommunications.com
+44 (0)20 89693959

Desert X:
Lyn Winter, Inc. desertx@lynwinter.com

Notes to editors:

About AlUla:
Located 1,100 km from Riyadh, in North-West Saudi Arabia, AlUla is a place of extraordinary natural and human heritage. The vast area, covering 22,561km², includes a lush oasis valley, towering sandstone mountains and ancient cultural heritage sites dating back thousands of years to when the Lihyan and Nabataean kingdoms reigned.

The most well-known and recognised site in AlUla is Hegra, Saudi Arabia’s first UNESCO World Heritage Site. A 52-hectare ancient city, Hegra was the principal southern city of the Nabataean Kingdom and is comprised of more than 100 well-preserved tombs with elaborate facades cut out of the sandstone outcrops surrounding the walled urban settlement. Current research also suggests Hegra was the most southern outpost of the Roman Empire after conquering the Nabataeans in 106 CE.

In addition to Hegra, AlUla is home to fascinating historical and archaeological sites such as: Ancient Dadan, the capital of the Dadan and Lihyan Kingdoms, which is considered one of the most developed 1st-millennium BCE cities of the Arabian Peninsula; thousands of ancient rock art sites and inscriptions at Jabal Ikmah; AlUla Old Town, a labyrinth of more than 900 mudbrick homes developed from at least the 12th century, and Hijaz Railway and Hegra Fort, key sites in the story and conquests of Lawrence of Arabia.

About The Royal Commission for AlUla:
The Royal Commission for AlUla (RCU) was established by royal decree in July 2017 to protect and safeguard AlUla, a region of outstanding natural and cultural significance in North-West Saudi Arabia. RCU is embarking on a long-term plan to develop and deliver a sensitive, sustainable transformation of the region, reaffirming it as one of the country’s most important archaeological and cultural destinations and preparing it to welcome visitors from around the world. RCU’s development work in AlUla encompasses a broad range of initiatives across archaeology, tourism, culture, education and the arts, reflecting the ambitious commitment to cultivate tourism and leisure in Saudi Arabia, outlined in Vision 2030.

About Desert X:
Desert X is produced by The Desert Biennial, a 501(c)3 charitable organization, conceived to produce recurring international contemporary art exhibitions that activate desert locations through site-specific installations by acclaimed international artists. Its guiding principles include presenting public exhibitions of art that are free to the
public and respond meaningfully to the conditions of desert locations, the environment, indigenous communities, and promote cultural exchange. Desert X is committed to education and public programming with a robust series of initiatives that expand the breadth and depth of the organization’s engagement with the surrounding community. The exhibitions provide a platform for artists from around the world to address ecological, cultural, spiritual and other existential themes. From its inception in 2017, Desert X has presented four exhibitions in the Coachella Valley. In 2020, the organization began to engage with exhibitions outside the United States and helped establish Desert X AlUla in the desert of Saudi Arabia. The exhibitions to date have explored new configurations of site-responsive work by more than 80 artists from North America, South America, South Asia, Europe, the Middle East and Africa creating a new paradigm for the presentation and experience of art and welcoming an audience of over 1.7 million. Desert X is funded by its board of directors and an international group of individual donors, foundations, and sponsors.

Maya El Khalil
Maya is a renowned art curator that has over 14 years of experience in the arts industry with a focus on the MENA region. She was born in Beirut and is based out of Oxford, UK. She is the former founding director of Athr Gallery, a contemporary art space in Jeddah, Saudi Arabia, where she curated several exhibitions that showcased the works of emerging and established artists from around the world. One of her notable curatorial works was the annual 21,39 Jeddah Arts exhibition. Maya has also worked as an independent art advisor and curator.

Marcello Dantas
Marcello is an award-winning curator and artistic director with 35 years of experience, known for innovative interdisciplinary practices and the use of Science, history and technology, to create engaging exhibition experiences. Dantas has conceptualized several museums and cultural institutions across South America and Asia including the Museum of Portuguese Language and Japan House Sao Paulo, and, curated solo exhibitions featuring influential contemporary artists like Ai Weiwei and Anish Kapoor. He also curated Vancouver Biennale, BienalSur and Mercosul Biennale. In 2021, he became the curator of the SFER IK Museo in Tulum, Mexico.

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a72318dd-2815-459a-93b2-fbb6861dd0bc
https://www.globenewswire.com/NewsRoom/AttachmentNg/bd7c291e-9c04-47b1-b715-ae9486f7565e

GlobeNewswire Distribution ID 8995133

Getmyboat Helps Boat Businesses Grow with a Powerful Direct Booking Feature

The world’s leading boat rental platform launches a new solution for charter businesses to streamline payments and scheduling for just 1.5%

Getmyboat Launches Direct Booking Feature

The world’s leading boat rental platform launches a new solution for charter businesses to streamline payments and scheduling for just 1.5%

MENLO PARK, Calif., Dec. 14, 2023 (GLOBE NEWSWIRE) — Getmyboat, the world’s leading booking platform for yacht charters and boat rentals, is thrilled to announce the launch of its Direct Booking feature.

While consulting with partners of boating businesses of all sizes, Getmyboat discovered that many owners shared struggles in managing bookings from off-platform sources, including payment processing issues like fraud and chargebacks, claims management, fees for accepting credit payments, scheduling, renter communication and more which led to organizational headaches. To remedy these challenges, Getmyboat is focused on building a comprehensive software solution specifically designed for boat rental, yacht charter, and boat tour companies, and is constantly introducing new ways for owners to manage their entire business. The launch of Direct Booking on the Getmyboat app is a major first step in streamlining booking management, all for just 1.5%, which is among the lowest rates in the industry. Whether through their own websites, by email, Facebook, phone calls, or in person – Getmyboat owners can now take all leads and seamlessly turn them into bookings making it easier for them and their customers.

Key Benefits of Getmyboat’s Direct Booking

Unified Management: Boat owners can now consolidate all bookings, regardless of the source, into one comprehensive platform, eliminating the need for multiple software solutions and calendars.

Simplified Offers and Payment Processing: With a few simple steps, owners can send out offers, securely collect payments including credit cards, and automatically synchronize bookings with their overall calendar, ensuring a hassle-free transaction process for both the owner and renter.

Fraud Protection and Dispute Resolution: Direct Booking benefits from Getmyboat’s robust software, providing owners with fraud protection, claims process management, and efficient dispute resolution for all transactions.

Low Cost: Boating businesses only pay 1.5% per transaction to use the service. Not only does this cover credit card fees, but includes all the other integration features above.

Frank D, a fleet owner in Miami, expressed his enthusiasm, stating, “I’m really excited to use this new feature. Now, I will be able to see everything in one place, communicate with my clients on a single platform, and collect payments simply. And I’ll know where all my boats are supposed to be no matter where the customer came from originally.”

Bryan Petro, Getmyboat President, shared “We’re thrilled to bring Direct Booking to our partners. We know they have a tremendously hard job on the logistics side of the business, and we can take what we’ve built and extend it to everyone to help their businesses grow.”

Getmyboat owners can easily get started by opening the app or website, navigating to their inbox, and clicking on the “Add a Direct Booking” option. From there, they can enter customer and trip information, streamlining their management processes directly within their Getmyboat account.

As the top source of customers for boating businesses globally, Getmyboat continues to innovate to address the challenges faced by owners in managing their business across various platforms and is on a mission to provide the best growth tools in the industry.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d68cd4be-e68b-45b8-8caa-b31733c18679

For further information, please contact:

Val Streif
Getmyboat
val@getmyboat.com
+1 612-298-2535

GlobeNewswire Distribution ID 8994552

Pacific Green Concludes 2023 with Huge Growth in its Battery Energy Parks Business

Dover, DE, Dec. 14, 2023 (GLOBE NEWSWIRE) — Pacific Green Technologies, Inc. (“Pacific Green”, OTCQB: PGTK) is celebrating a year of significant progress in its mission to build a global pipeline of grid-scale Battery Energy Storage Systems (BESS).

In 2023, the business has hit a series of key strategic milestones for its international pipeline of BESS sites in development or construction, which now approaches 6 GWh of energy storage capacity.

For the UK pipeline, consisting of pioneering projects, Richborough Energy Park Limited (“Richborough”), and Sheaf Energy Park Limited (“Sheaf”), Pacific Green concluded agreements that secure the long-term future of these assets as an integral part of the UK energy grid.

In June, Pacific Green completed the sale of 99.8 MW / 99.8 MWh Richborough to energy transition fund Sosteneo for an enterprise value of £74 million (US$93 million). Richborough has now been handed over to optimiser Shell for trading across the entirety of the UK’s energy markets.

In November, 249 MW / 373.5 MWh Sheaf reached financial close – securing a combined £120 million from NatWest and the UK Infrastructure Bank and becoming one of the largest project-financed BESS sites in the world. Simultaneously, a 10-year optimisation contract was secured for Sheaf with leading energy provider SSE, and Pacific Green entered into a transaction to sell 100% of its shares in the project to Sosteneo for an enterprise value of £210 million (US$258 million).

Building on these achievements, Pacific Green has successfully expanded its BESS interests into high potential markets overseas.

In Italy, Pacific Green acquired 51% of the shares in five 100 MW battery energy parks from energy originator, Sphera Energy, with the balance of shares to be acquired upon the achievement of certain milestones by Sphera. Commercial operation will commence on these projects throughout 2026, with the total capacity up to 2.8 GWh.

In Australia, Pacific Green has entered into a pair of exclusivity agreements to secure land for two major battery energy parks – the first a 1.0 GW / 2.0 GWh project in Portland, Victoria and the second a 0.5 GW / 1.0 GWh site in Limestone Coast, South Australia. Development is well underway for these projects, which will add significantly to regional BESS capacity in Southern Australia and are slated for commercial operation in 2026.

Scott Poulter, Pacific Green’s Chief Executive, said: “2023 has been a pivotal year for Pacific Green as we take huge steps to become a major global player in the battery energy storage market. The pioneering agreements we’ve secured in the past 12 months are testament to the unique combination of technology, infrastructure, and project finance expertise within our BESS team, as well as the strength of relationships we’ve built with our international manufacturing and development partners. We’re looking forward to taking these projects further in 2024 and beyond.”

About Pacific Green Technologies, Inc.:

Pacific Green is focused on addressing the world’s need for cleaner and more sustainable energy. It offers grid-scale battery energy storage systems, renewable and environmental technologies.

For more information, visit Pacific Green’s website:
www.pacificgreen.com

Notice Regarding Forward-Looking Statements:

This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the continued development of the Project, any potential business developments and future interest in Pacific Green’s battery, solar and environmental technologies.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the continuation of the development of the Project, general economic and political conditions. These forward-looking statements are made as of the date of this news release, and Pacific Green assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although Pacific Green believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in Pacific Green’s annual report on Form 10-K for the most recent fiscal year, Pacific Green’s quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Scott Poulter, Chairman & CEO
Pacific Green Technologies, Inc.
media@pacificgreen.com

GlobeNewswire Distribution ID 8994919

Veson Nautical extends data analytics and collaboration capabilities with acquisition of Shipfix

Veson Nautical will strengthen its unique data position, AI expertise, and ability to optimize workflow across the value chain, while integrating internal and external communication tools to the IMOS Platform, which furthers its vision to be the standard platform that propels maritime commerce

John Veson

John Veson, CEO of Veson Nautical, presenting at Veson’s annual user conference ONCOURSE2023

BOSTON, Dec. 14, 2023 (GLOBE NEWSWIRE) — Veson Nautical (Veson), the global leader of maritime freight management solutions, today announced its acquisition of Shipfix, the collaborative data platform for the maritime and trade sectors driven by advanced AI-enabled tools. As Veson’s second acquisition this year, Shipfix will further Veson’s pursuit to deliver quality, contextual data to the industry. Veson will continue to offer Shipfix’s suite of maritime solutions and bring the full Shipfix team onboard.

Sean Riley

Sean Riley, President and COO of Veson Nautical, presenting at Veson’s annual user conference ONCOURSE2023

Shipfix was founded in 2018 to solve the email overload challenge encountered by chartering desks. By developing innovative products and groundbreaking AI-enabled tools, Shipfix provides a unique data platform allowing trade professionals to make smarter decisions and ultimately trade smarter and faster. Their product suite has expanded beyond front-line trading and chartering into operations teams and physical trading. Shipfix supports dry and tanker clients alongside other customers interested in freight market insights.

John Veson and Sean Riley

John Veson, CEO and cofounder of Veson Nautical, and Sean Riley, President and COO of Veson Nautical, presenting at Veson’s annual user conference ONCOURSE2023

Shared clients will see the combined impact of Veson Nautical and Shipfix as Shipfix’s pre-fixture data and insight capabilities are combined with Veson’s existing end-to-end workflows to produce an unmatched freight trading and operations solution for the market. In addition, the data intelligence offerings from both Veson Nautical and Shipfix will become stronger through the consolidation, rationalization, and standardization of critical industry reference data.

John Veson

John Veson, CEO and cofounder of Veson Nautical

John Veson, Co-founder and CEO at Veson Nautical, said: “A massive amount of data goes into pre-fixture decision-making. We’re fortunate to have a growing integrated dataset that helps clients leverage contextual data across vessel specifications, ownership structures, commodities, trade flows, and tonnage flows, all in one place. I am thrilled to officially welcome Shipfix’s expert team to Veson as we add their market-validated and accepted chartering and operations platform to our suite of solutions.”

Antoine Grisay, Co-founder and Co-CEO at Shipfix said: “Together with Veson Nautical, we will deliver the ultimate integrated workflow and data experience shipping and trading companies have demanded for over a decade. We are very excited to start executing on the synergies between the companies. Our combined expertise will allow us to build a set of trading and operating insights that meet the increasingly sophisticated requirements of freight market participants.”

Sean Riley

Sean Riley, President and COO of Veson Nautical

Serge Alleyne, Co-founder and Co-CEO at Shipfix, said: “When Antoine and I founded Shipfix five years ago, our vision was to emerge as the ultimate solution for the maritime and trade community, commencing with an AI-powered collaboration platform and a suite of data insights products. Today, as Shipfix joins forces with Veson Nautical, it presents a unique opportunity for us to truly become the premier maritime platform, integrating best-in-class maritime expertise, data insights, and communication workflows from pre to post-fixtures. This union aims to maximise our clients’ efficiency and operations in ways never seen before. It’s the perfect match for us, leveraging extraordinary data and workflow synergies to accelerate our growth and consistently deliver maximum value for the entire shipping industry.”

About Veson Nautical
Veson Nautical delivers maritime freight management solutions that propel the global shipping economy. Trusted by buyers and sellers of bulk marine freight in every region of the world, Veson solutions are responsible for managing $109 billion in freight traded and moving 4.4 billion tons in annual trade each year.

With a suite of offerings in marine freight trading and operations, vessel documentation, and data and analytics, Veson’s products are widely recognized for their strong utility, sustained innovation, and measurable business impact.

Veson is a champion of progress that actively supports its clients, partners, and broader community in navigating change while shaping the best practice workflows and standards of tomorrow’s connected maritime shipping ecosystem. Veson.com

About Shipfix
Shipfix is a collaborative workflow and data platform for the maritime and trade sectors, driven by ground-breaking AI-enabled tools. Shipfix went live in 2018 and has over a thousand users globally across more than 70 global clients. The platform streamlines maritime workflows using market and operational intelligence with a focus on shipowners, commodity traders, industrials, freight forwarders and shipbrokers. The company has 4 offices globally in Paris, London, Singapore and Tbilisi (Georgia).

With Shipfix, maritime and trade professionals make better-informed decisions and move faster. Users are enabled to find their market edge in highly volatile markets by turning their communications data into a competitive advantage. Shipfix is pioneering data transformation across the industry by enabling a subtle mix of artificial and human intelligence. Shipfix’s software solutions include a front-end platform, a mobile app and a full API suite. www.shipfix.com

Media Contact
Claudia Norrgren
PR & Communications Manager
Veson Nautical
E: press@veson.com
C: +447736675334

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a29f3b8b-025b-432d-a434-cf9457db4ab4

https://www.globenewswire.com/NewsRoom/AttachmentNg/6dfafab9-ddf4-4bae-ac47-82cca0b62e40

https://www.globenewswire.com/NewsRoom/AttachmentNg/411c6d67-1882-49dd-b2bd-bcf6ae869af3

https://www.globenewswire.com/NewsRoom/AttachmentNg/6d18b7f8-3109-4746-a024-13b1a7a44750

https://www.globenewswire.com/NewsRoom/AttachmentNg/b69a8617-d800-4c6b-ba2d-f7c39409e27d

GlobeNewswire Distribution ID 8994867

Fortrea Convenes New Site Advisory Board

Fortrea’s Site Advisory Board brings research leaders together to focus on evolving site, sponsor and patient relationships

DURHAM, N.C., Dec. 13, 2023 (GLOBE NEWSWIRE) — Fortrea (Nasdaq: FTRE) (the “Company”), a leading global contract research organization (CRO), today announced it convened last week the inaugural meeting of its Site Advisory Board, a collaboration between clinical research investigator sites (“sites”) and industry leaders to create a better clinical trial experience for sites, patients and clinical study sponsors (“sponsors”) by targeting changes in technology, operational planning and delivery, commercial terms and community engagement.

Fortrea places sites and investigators at the forefront of clinical trial planning, leveraging their perspectives to drive changes that will improve the speed of trial execution, ease study start up and increase recruitment efficiency. These changes address long-standing challenges within clinical trials and will result in a better site, patient and sponsor trial experience. The Site Advisory Board will be responsible for providing insight and feedback on strategies and solutions proposed regarding sites, patients, trial operations and relevant technology.

“Sites and investigators are critical to the industry at every stage of clinical development, and they traditionally have faced hard-to-solve challenges in clinical trials alone. We welcome their insights in protocol design and actively engage them in early conversations with our operational teams and sponsors to quickly establish the most efficient, patient-focused trial plans,” said Mike Clay, vice president, Development Strategy and Growth, at Fortrea. “The formation of the Site Advisory Board marks an acceleration of our site-focused strategy and includes representation from incredibly impressive leaders, creating a think tank for our industry. The Board will also serve as a cornerstone of our ability to respond to sponsors with insights that improve the predictability of their trials, working together to develop efficient operational plans and provide sponsors with a high degree of confidence in speed of patient recruitment and overall trial delivery.”

Inaugural members of Fortrea’s Site Advisory Board include leaders and experts from Circuit Clinical, Elligo Health Research, FutureMeds, Javara, MD Anderson Cancer Center Foundation Spain, ObjectiveHealth, Pratia S.A. and Velocity Clinical Research, representing 440 sites across more than 25 therapeutic areas and nine countries and providing access to diverse patient communities.

What Fortrea’s Site Advisory Board members are saying…

“We firmly believe that this collaborative approach, bringing together both CRO and sites, will enable all stakeholders to align more effectively on perspectives within the clinical trial market,” said Łukasz Bęczkowski, chief operating officer at Pratia. “This, undoubtedly, empowers us to act together in a more efficient manner. Initiatives like these play a crucial role in propelling us all towards positive and expedited changes.”

“Fortrea is taking a ‘listen first’ approach by giving sites an equal voice towards the most effective working practices for dynamic patient communities and site stakeholders, leading to the best service to clinical trial sponsors,” said Nick Spittal, chief operations officer at Velocity Clinical Research.

“Fortrea is leading the industry in making partnerships more productive and efficient, from trial process to business relationships, all in the effort to accelerate new products to market,” said Barry Simms, chief operating officer at Elligo Health Research.

“Providing the appropriate patient access solution is vital in determining the ultimate success of a clinical trial. Historically, care providers have not been involved in the early development of research planning and strategy,” said Colleen Hoke, chief executive officer at ObjectiveHealth. “We are very supportive of Fortrea employing an innovative new approach to engage with healthcare site partnership providers, who are key to delivering successful research results, early in the planning process.”

“FutureMeds is delighted to join the Fortrea Site Advisory Board to build better understanding between key stakeholders in the clinical research industry,” said Radek Janiak, chief executive officer at FutureMeds. “Hearing the voice of patients, investigators and sites will put Fortrea in a pole position for bringing new therapies to the market.”

“Working across the vast clinical trial ecosystem is complex and requires highly functional partnerships centered on trust and competence,” said Michelle Rule, senior vice president of enterprise optimization at Javara. “Fortrea’s genuine commitment to building a forum and working relationships through the Site Advisory Board exhibits dedication to progress for all stakeholders in research and, most of all, the patients.”

About Fortrea

Fortrea (Nasdaq: FTRE) is a leading global provider of clinical development and patient access solutions to the life sciences industry. We partner with emerging and large biopharmaceutical, medical device and diagnostic companies to drive healthcare innovation that accelerates life changing therapies to patients in need. Fortrea provides phase I-IV clinical trial management, clinical pharmacology, differentiated technology-enabled trial solutions and post-approval services. Fortrea’s solutions leverage three decades of experience spanning more than 20 therapeutic areas, a passion for scientific rigor, exceptional insights and a strong investigator site network. Our talented and diverse team of about 19,000 people working in more than 90 countries is scaled to deliver focused and agile solutions to customers globally. Learn more about how Fortrea is becoming a transformative force from pipeline to patient at Fortrea.com and follow us on LinkedIn and X (formerly Twitter) @Fortrea.

Fortrea Contacts:
Fortrea Media: Galen Wilson – 703-298-0802, media@fortrea.com
Fortrea Media: Kate Dillon – 646-818-9115, kdillon@prosek.com

GlobeNewswire Distribution ID 8994021

Global alternative assets remain resilient in 2023 amid economic uncertainty — Preqin Global Reports 2024

Pockets of opportunity emerge in private credit and secondaries

LONDON, Dec. 13, 2023 (GLOBE NEWSWIRE) — Today Preqin, the global leader in alternative assets data, tools, and insights, published its Alternatives in 2024 report, part of the Preqin Global Reports 2024. The report provides analysis on trends on key factors and trends driving the alternative assets industry.

While 2023 is a year so far characterized by market headwinds and a challenging fundraising environment for investors and fund managers alike, Preqin analysts remain optimistic about the outlook for global alternative assets. For instance, private debt fundraising fared relatively well in comparison to other private capital asset classes, while secondaries deal flow should start to pick up going into 2024 as the market comes back into balance.

Cameron Joyce, Head of Private Equity, Research Insights at Preqin, says, “Amid the formidable headwinds marked by swiftly tightening monetary policy and economic uncertainty, alternative assets have remained comparatively resilient. The industry continues to evolve rapidly, and promising opportunities are presenting themselves in areas such as private debt and secondaries. We continue to forecast solid growth for the industry despite softening expectations around fundraising and performance.”

Key highlights from each asset class:

Private equity faces a stern test:

The private equity market has been hampered by rising interest rates – which have weighed on deal activity – and a constrained exit environment. Dealmakers are hoping for an increase in activity during 2024 and long-term investor appetite remains strong.

Venture capital investor sentiment on performance improves:

Venture capital returns have been challenged by factors such as the poor exit environment, elevated asset valuations, and climbing interest rates. Noting this, our latest investor survey shows that investors’ outlook is shifting, and they are comparatively more positive on the performance of the asset class over the next 12 months.

Private debt fundraising holds up:

Private debt’s floating-rate structure and seniority in the capital stack are especially attractive for investors seeking more defensive assets in challenging conditions, with strategies such as mezzanine debt growing in popularity.

Hedge funds’ AUM rises despite net outflows:

Hedge funds’ AUM growth has been driven primarily by asset returns and not inflows and outflows. In fact, hedge fund returns during months of market volatility proved that they can be effective in providing investors with downside protection. Niche strategies such as cryptocurrencies and insurance-linked securities (ILS) gained prominence due to their low public market correlation.

Real estate under pressure:

Rising interest rates have weighed on investment sentiment, resulting in weaker fundraising and deal activity. As investors flock toward larger funds in search of a sense of security, fundraising has been even more challenging for first-time and smaller funds.

Infrastructure may be turning a corner:

Fundraising fell sharply in 2023, a significant reversal after fund managers amassed record sums in 2022. But third-quarter deal activity proved robust and tailwinds from energy transition will continue to underpin the long-term growth of unlisted infrastructure.

For more information, contact Mimi Celeste Taylor at mimiceleste.taylor@preqin.com.  

Notes to the editors

Alternatives in 2024 is a freely available version to accompany the Preqin Global Reports 2024. This complimentary report explores the impact of macroeconomic headwinds and market volatility on alternative assets this year and beyond.

If you are a full-time member of the press and would like to receive a full copy of any of the following reports, please get in touch: Private equity, venture capital, private debt, hedge funds, real estate and infrastructure. For non-press, the 2024 Preqin Global Reports are available for Preqin Insights+ subscribers.

About Preqin

Preqin, the Home of Alternatives™, empowers financial professionals who invest in or allocate to alternatives with essential data and insight to make confident decisions. It supports them throughout the entire investment lifecycle with critical information and leading analytics solutions. The company has pioneered rigorous methods of collecting private data for over 20 years, enabling more than 200,000 professionals globally to streamline how they raise capital, source deals and investments, understand performance, and stay informed. For more information visit www.preqin.com.

GlobeNewswire Distribution ID 1000903920

Catch the Future in Action: LeddarTech Unveils Its Award-Winning LeddarVision ADAS Products and Technology at CES Las Vegas 2024

LeddarTech Present at CES Las Vegas 2024

LeddarTech Present at CES Las Vegas 2024

QUEBEC CITY, Canada, Dec. 13, 2023 (GLOBE NEWSWIRE) — LeddarTech® (NASDAQ: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS and AD, is thrilled to announce its presence at CES 2024 (booth 11014 LVCC/North Hall) and to offer visitors an exclusive glimpse into the next generation of software technology and inspired products enabling ADAS and AD applications.

 LeddarTech Present at CES 2024 IMMERSE YOURSELF in the future of automotive innovation with LeddarVision™, a sensor and processor-agnostic, high-performance and versatile automotive low-level sensor fusion and perception software platform that generates a comprehensive 3D environmental model from various sensor types (camera, radar and LiDAR) and configurations.

Experience LeddarVision and L2/L3 ADAS products in action in various climates and road conditions on the LeddarTech interactive dashboard featuring:

  • **NEW** LeddarVision Surround (LVS-2+) is the surround-view premium fusion and perception stack that efficiently extends the LVF front-view product family 1VxR sensor configuration to a 5V5R configuration.
  • **Award-winning** LeddarVision Front Entry (LVF-E), a front-view fusion and perception stack for entry-level ADAS L2/L2+ highway assist and 5-star NCAP 2025/GSR 2022 featuring Texas Instruments’ TDA4VM-Q1 processor. The LVF-E achieves the lowest system cost for L2/L2+ entry-level ADAS.

RIDE ALONG LeddarCar live: Customers and analysts are invited to book a real-world on-road demonstration of LeddarTech’s LeddarVision low-level fusion and perception software technology.

Customers, analysts, investors and the media are invited to schedule a meeting with
our team at CES to learn more about LeddarTech.

“Join us as we demonstrate our groundbreaking LeddarVision automotive software solutions in the dynamic LeddarCar and unveil our cutting-edge ADAS products and technology at CES 2024,” stated Frantz Saintellemy, President, COO and incoming CEO of LeddarTech. “CES is a great opportunity for us to connect with our customers, partners, media, investors and policymakers and to showcase how our technology improves mobility and quality of life for all road users. LeddarTech’s participation at CES 2024 underscores our pivotal role in advancing the future of automotive technology, reinforcing our position as a leading player in automotive software.”

About LeddarTech

A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal, Toronto and Tel Aviv, Israel, LeddarTech develops and provides comprehensive AI-based low-level sensor fusion and perception software solutions that enable the deployment of ADAS and autonomous driving (AD) applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment to achieve better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

LeddarTech is responsible for several remote-sensing innovations, with over 150 patent applications (80 granted) that enhance ADAS and AD capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

Additional information about LeddarTech is accessible at www.LeddarTech.com and on LinkedIn, Twitter (X), Facebook and YouTube.

Contact:
Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Inc. Tel.: + 1-418-653-9000 ext. 232 daniel.aitken@LeddarTech.com

Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fe9b76b7-c72b-416d-8174-2b4bfe122503

GlobeNewswire Distribution ID 8991943