Category: Press Releases

Roseau, July 06, 2022 (GLOBE NEWSWIRE) — The Commonwealth of Dominica has proudly hosted cricket T20 international matches at the Windsor Park Sports Stadium a five-year hiatus. The nation hosted two back-to-back games which were held on 2 and 3 July 2022.

The Windsor Park Sports Stadium, situated in the capital city Roseau, is one of the official venues for the T20I Bangladesh tour of the West Indies. Prior to these matches, the stadium witnessed four international matches; the first was a One Day International (ODI) played between West Indies and Bangladesh in the year 2009, and the second was also ODI, which was played between West Indies and South Africa in 2010.

Followed by the third match (first T20I), which was played by the West Indies and New Zealand in 2014, and the fourth was a Test Match between West Indies and Pakistan in the year 2017.

During the match, the authorities took special care of the audience’s entertainment and provided a “Carnival-like” atmosphere to the fans and patrons in the interim with the local Dominican cultural presentation.

The Director of Tourism of Dominica, Colin Piper praised the government for the successful hosting of the international matches. He outlined, “The Discover Dominica Authority would like to express its gratitude to the Government of the Commonwealth of Dominica and Cricket West Indies for their efforts and assistance in bringing international cricket back to the country after a five-year absence.”

He further expressed pleasure that the two T20I matches in Dominica on July 2nd and 3rd were fantastic and witnessed a strong turnout of local, regional, and international cricket fans to enjoy the fixtures.

Events Management Executive of Cricket West Indies, Joneé Charles, also lauded Dominica for welcoming international cricket with such enthusiasm. She stated, “We are delighted that Dominica was chosen as the host of two matches, and we also hope to host more in the future. After a challenging two years owing to the pandemic, we must express our gratitude to the local organizing committee and Cricket West Indies for staging these T20I matches.”

Dominica has been able to host international matches on its land because of the efforts of the government. The government has been continuously making efforts to uplift the sports infrastructure in the country.

Recently, the Sports Division of Dominica upgraded the Windsor Park Sports Stadium; the authorities contributed to the refurbishment of the lawn. Earlier, new electronic scoreboards were installed at the Windsor Stadium. Prior to the installation, a protective structure was constructed to ensure the safety of the scoreboard, ensuring a more resilient system. The cost of the scoreboard was near ECD 1 million. The previous board was destroyed during Hurricane Maria hit the country in 2017.

Dominica has been creating stronger sporting bodies such as clubs and sports committees and has also been formalizing the National Sports Council, which is in progress as the documents have been drafted. The government has also been working to put the task force in place and has assigned a coordinator.

The government of Dominica has been uplifting the sports infrastructure through the funds generated through the Citizenship by Investment (CBI) Programme of the country.

Citizenship by Investment of Dominica:

The programme is known to be one of the longest-running, safe and most secure in the world. Launched in 1993, Dominica has been providing alternative citizenship for around three decades.

The funds generated with the help of the programme largely contribute to the development and rehabilitation of resilient infrastructure, including schools, hospitals, healthcare centres, bridges and more. The government has been heavily investing in building the world’s first climate-resilient country which can withstand natural calamities such as Tropical Storms, Hurricanes as well as Cyclones.

Interested investors may apply for alternative citizenship of Dominica through two investment options – Economic Diversification Fund (EDF) and Real Estate Fund Option.

The Economic Diversification Fund (EDF) is a government-supported initiative which contributes toward socio-economic development and helps in the upliftment of the country. The fund generated with the EDF goes towards improving projects in the public and private sectors. To date, the funds generated have assisted in the development of schools, hospitals, sports stadiums and numerous sectors such as tourism and agriculture.

The minimum investment required to apply for the alternative citizenship of Dominica is USD 100,000.

To apply under the Real Estate Investment Option, the applicant has to apply for government-approved properties. The minimum investment required is USD 200,000.

About Dominica:
The magical island of the Caribbean, Dominica is a beautiful destination for anyone who wants to explore and discover exquisite volcanic landscapes, jungles, and tropical beaches.

Dominica is home to the world’s second-largest boiling lake and comprises of nine volcanoes that are entirely safe to visit.

Due to so many volcanoes on the small island country, many beaches in Dominica naturally have greyish-black sand. Mero Beach is one of the famous beaches of the Commonwealth of Dominica.

Besides the magnificent volcanoes and beaches, Dominica also has an extraordinary number of rivers. Some of these rivers are cool and clear blue, while others are fast and cloudy, but almost all rivers are surrounded by exotic flora. The Indian River on the island is the widest of all.

Dominica is popularly known as the ‘Nature Island of the Caribbean’. The island also has the largest settlement of indigenous people in the whole Caribbean region.  

PR Dominica
Commonwealth of Dominica
001 (767) 266 3919
cbiusecretary@dominica.gov.dm

Global Telco plans to list an SPV holding a percentage of its stock on a US Stock Exchange. Significant interest is being generated due to its “Metaverse” Payments Platform and its potentially Crypto & Stablecoin-replacing “TUVs” – its fully functional and 100%-secured Multicurrency Global Digital Currency and CBDC equivalents

LONDON and NEW YORK, July 06, 2022 (GLOBE NEWSWIRE) — Global Telephony Provider Webtel.mobi (“WM”) is planning to list an SPV holding a percentage of its shares on a US Stock Exchange. Significant interest is being generated both because of the wide range of products and services provided globally by WM’s AI-controlled “Metaverse” Platform, and the potential volumes in this market sector.

Although WM does not refer to its Platform as being a “Metaverse” Platform, but rather as a “Whole Market” Platform, commentators have increasingly referred to it as a Metaverse. This is because its multiple Systems cover virtually the entire global market of payment and transfer transactions, across all industries and sectors, in all countries and markets worldwide. It is also due to its provision of 100%-secured Multicurrency Digital Currency and CBDC equivalents (called “TUVs”), and its AI-controlled “VSMP” business model – whereby any persons or entities worldwide can acquire a Virtual WM Platform for their own application.

Some experts regard WM’s Global Multicurrency Digital Currency and CBDC equivalents as a potential replacement for Cryptocurrencies and Stablecoins, while others view its TITAN Global Account Number and ICLM Transfer System as a proven alternative to the global SWIFT System. Those products, combined with the company’s close-to-zero running costs and its multi-spectrum Global Telecommunications System and Global Online & Offline Payments Systems across all sectors and industries – in what the world’s largest banks and financial services companies are describing as the world’s largest market – are what is generating the significant interest in WM and its planned SPV listing.

According to some of the biggest names in Finance and business internationally, the “Metaverse” Market is the largest market that has existed to date. Firms such as Morgan Stanley, Goldman Sachs, JP Morgan, HSBC and Citi have stated it is a USD 8 Trillion to USD 13 Trillion market, while other major firms such as KPMG have stated that estimates of the market’s size are conservative.

Among the suite of WM’s “Metaverse” (or “Whole Market”) products, services and utilities in this Multitrillion Dollar Market are the following:

• WM’s Global AI-Controlled Telecommunications Platform
  The “Specialized Mobile and Landline System”: For ultra-low cost Mobile and Landline calls and Mobile Texts to, from, and in all countries worldwide from all Mobile and Fixed-Line Telephones. The Telecommunications Infrastructure and Platform is the Platform through which all its other Converged Services are delivered.
• WM’s Global AI-Controlled Digital Currency equivalent – also a Global Wholesale and Retail CBDC equivalent
  The “TUV System”: The Company provides three types of TUV:
  • The Standard TUV: A Global, Multicurrency Digital Currency equivalent and CBDC equivalent. It is instantly transferrable for transfers and payments, convertible between currencies, and redeemable to bank accounts or kiosks – secured for 100% of the face value currency in funds to that amount.
  • The Secured TUV: This has all the characteristics of the Standard TUV, but is additionally secured for 100% of the face value currency in physical gold to that amount. This aspect – together with its capacity for its conversion between currencies – further protects against currency depreciation / currency crashes and inflation.
  • The Smart TUV: A fully Owner-Programmable version of a Standard or Secured TUV – which renders most existing forms of transaction contracts and intermediaries redundant as the Programmable Currency itself regulates Performance and Payments during, and for all transaction types, durations and circumstances.

• WM’s Global AI-Controlled Multicurrency Account and Account Number System
  The “TITAN System” and “ITAN Account Numbers”: A global unitary and centrally-controlled Account Number and Accounts system, with free multicurrency account wallets for receipt and storage of multicurrency loads, transfers and payments, using stored credit within the WM Members-Only Closed Loop System and ecosystem.

• WM’s Global AI-Controlled Online and Offline Payments Systems
  The “ICLM Payments System”: A global unitary and centrally-controlled Online and Offline Multicurrency Payments System that enables instant Multicurrency Payments and Payment-receipt – including instant Remitter-controlled FX Conversions and instant System-controlled processing and settlement – worldwide, 24/7/365, within the WM Members-Only Closed Loop System and ecosystem.

• WM’s Global AI-Controlled Transfer System
  The “ICLM Transfers System”: A global unitary and centrally-controlled Multicurrency Transfer System that enables instant Multicurrency Transfers and Transfer-receipt – including instant Transferor-controlled FX Conversions and instant System-controlled processing and settlement – worldwide, 24/7/365, within the WM Members-Only Closed Loop System and ecosystem.

• WM’s Global AI-Controlled Currency Swap System
  The “Currency Swap”: A global Pure Peer to Peer (“PP2P”) Multicurrency Currency Swap system. It enables Members to carry out instant Currency Swaps directly between each other, at exchange rates negotiated between themselves, outside of the Global FX Market and its bank-set rates.

• WM’s Global AI-Controlled Zero-Cost Marketing, Support and Fulfilment Models
  The “VSMP” or “Virtual Specialized Mobile Provider System”. This System brings about a close-to-zero-cost Global Operating Model through the utilization of AI-controlled 21^st Century technological and communication capacities, via which all and any Member-based, Commercial or other organizations worldwide obtain their own version of the WM System and Platforms free, and utilize it for their own revenue-generation.

• WM’s Global AI-Controlled Zero-Cost KYC and AML Model
  This System is the most advanced and safe global KYC and AML system currently operational internationally, whereby full KYC and AML processes are applied and reverified by qualified Attorneys and/or Notaries worldwide on all WM or WM-Affiliate (VSMP) Members prior to their being able to utilize many of WM’s Members-Only Closed Loop Platforms and Facilities.

• WM’s Global AI-Controlled Clearing System
  The AI-controlled WM System in its Converged Totality. This realizes and has brought into being a fully-functional version of John Maynard Keynes’ “International Clearing Union” (wherein the TUV realizes and brings into being Keynes’ envisaged “Bancor” instrument).

• The solution for the Unbanked Market and a benign Cash-Replacement
  The WM System in its totality also provides the first fully-functional and fully-operational global product that brings the Unbanked and/or Underbanked markets fully into the 21^st Century Digital Economy, and simultaneously provides a workable and working system that replaces cash without infringing on peoples’ privacy or rights.

The WM services are difficult for incumbents to compete against, because they function at faster speeds and higher levels of security than any other similar services, are Pure-Peer-to-Peer (“PP2P”) without intermediaries, and – most importantly – are provided either free of charge or at ultra-low costs.

WM is able to provide its Converged services – including in-house instant processing, settlement, Real Time Gross Settlement and Payment versus Payment services – at zero cost or ultra-low costs because they all function via / off its Telephony Systems, Services and Platforms. As such, they function at zero additional cost to WM.

All of WM’s Systems, Platforms, Facilities, Products and Services were fully tested, due diligenced and proven in over eight years of fully-operational Restricted Global Operations to a restricted number of Members with its Platform 1. The results of that testing were then fed into the rebuild of WM’s Refined Platform 2.

WM’s Platform 2 is now fully completed, tested and ready to recommence Unrestricted Global Operations, and already has Global Affiliates with over 288 Million Members within them.

WM is listing the SPV on a US Retail Stock Exchange to open use of its Secured and Smart TUVs to a wider group of people. This is because for an initial period, although the Standard TUV will be available to all WM Members, the Secured TUV and Smart TUV will only be available for acquisition and use by members who are WM Shareholders and Shareholders of the SPV to be listed in the US. WM’s shares are not available to the public, so the SPV listing is a way to enable wider spread of accessibility to these specialized TUVs. This will also give some of WM’s early investors an opportunity to acquire some liquidity for their WM shares – which will form the asset of the SPV.

The Company is listing the SPV prior to its Recommencement of Unrestricted Global Operations. This is because its experience from its eight years of previous Global Operations with Platform 1 showed that even with full AI-control of the System, Global Operations (all countries and territories) as opposed to International or Multinational Operations (some countries or many countries) is so vast on a 24/7/365 basis, that it will leave no time for the listing once it is recommenced.

WM itself is not listing because it does not require funding to progress its Global Operations and expansion. Its build, development, operational and other costs were covered by its founders and a small group of private shareholders, and it has no debts and no institutional funding or institutional shareholders. This is also why although WM was previously granted Eligibility by the United Kingdom Listing Authority and the Primary Markets Team of the London Stock Exchange to carry out a Standard Listing on the Main Board of the London Stock Exchange, it declined to do so.

More information on WM is available in a redacted for public version of its most recent internal report to its private shareholders, which is attached to this article.

Resources:

WM Media Contact:
Nick Lambert: wm@thoburns.com

Research Papers on the WM System’s Converged Capacities by Professor Jan Kregel of the Levy Economics Institute:

• Another Bretton Woods Reform Moment: Let us Look Seriously at the Clearing Union
  http://www.levyinstitute.org/pubs/ppb_154.pdf

• Keynes’s Clearing Union is Alive and Well and Living in your Mobile Phone
  http://www.levyinstitute.org/pubs/pn_21_1.pdf

• Money and Credit: Potential Expansion of the WM System
  https://webtel.mobi/media/info/money-and-credit-potential-expansion-of-the-wm-system-april-2021.pdf

• New Dimensions for the TUV in the Webtel.mobi System
  https://webtel.mobi/media/info/new-dimensions-for-the-tuv-in-the-webtelmobi-system.pdf

• The Economic Problem: From Barter to Commodity Money to Electronic Money
  https://www.levyinstitute.org/pubs/wp_982.pdf

Media Articles on WM:
https://webtel.mobi/info/current-media/

Attachment:
Webtel.mobi (Holdings) Limited – Redacted Report – June 2022

WM’s urls:
https://webtel.mobi/pc (Tablets / Laptops / Desktops)
https://webtel.mobi (Smart Phones)
https://webtel.mobi/wap (Pre-Smart Mobile Phones)

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/21684770-2700-4933-acd3-5ee9b115f8b6
https://www.globenewswire.com/NewsRoom/AttachmentNg/04a25cac-52e9-47f0-a58f-934af21546b9

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

WILMINGTON, Del., July 06, 2022 (GLOBE NEWSWIRE) — A new 2-year infant follow-up study reported no difference in developmental outcomes in children born after capacitation-in vitro maturation (CAPA-IVM) compared to those born through conventional in vitro fertilization (IVF) following ovarian stimulation. The study was designed to detect developmental delay in children in terms of communication, gross motor, fine motor, problem solving and personal-social behavior. It included a total of 231 children who were evaluated at 6 months, 12 months and 24 months after birth.

The study results were presented by Prof. Dr. Tuong M Ho at the 38^th Annual Meeting of the European Society of Human Reproduction and Embryology (ESHRE) on July 6^th, 2022 in Milano (Italy) and have been published in Human Reproduction¹, a leading reproductive medicine journal.

Prof. Dr. Lan Vuong from MyDuc hospital, HCMC, Vietnam, who led the study, said: “One of the key messages of this study is that there does not appear to be any significant concern about the safety of CAPA-IVM on childhood development.” The current results complement recent findings that CAPA-IVM does not show any major epigenetic alterations or imprinting defects in in-vitro matured oocytes². Dr. Vuong believes that continuing building evidence on CAPA-IVM is important to physicians considering alternative approaches to current fertility treatment.

About CAPA-IVM

CAPA-IVM is a novel approach to in-vitro maturation of oocytes recovered after no or minimal ovarian stimulation, that incorporates a capacitation step in the maturation of oocytes in vitro which enhances oocyte developmental competence. CAPA-IVM is a patient-friendly assisted reproductive technology method that may become an alternative option to conventional ovarian stimulation and IVF, with reduced treatment burden for the patient. The worldwide rights to the CAPA-IVM technology are owned by Lavima Fertilty, Inc.

References

1. Vuong LN, Nguyen MHN, Nguyen NA, Ly TT, Tran VTT, Nguyen NT, Hoang HLT, Le XTH, Pham TD, Smitz JEJ, Mol BW, Norman RJ, Ho TM. Development of children born from IVM versus IVF: 2-year follow-up of a randomized controlled trial. Human Reproduction 2022, pp. 1–9, deac115,

2. Saenz-de-Juano MD, Ivanova E, Romero S, Lolicato F, Sánchez F, Van Ranst H, Krueger F, Segonds-Pichon A, De Vos M, Andrews S, Smitz J, Kelsey G, Anckaert E. DNA methylation and mRNA expression of imprinted genes in blastocysts derived from an improved in vitro maturation method for oocytes from small antral follicles in polycystic ovary syndrome patients. Human Reproduction 2019 Sep 29;34(9):1640-1649.

Contact

andre.rosenthal@lavimafertility.com

Fluence India Technology Centre, located in Bangalore, will serve as an engineering centre of excellence for supporting customers globally and in India

BANGALORE, India, July 06, 2022 (GLOBE NEWSWIRE) — Fluence Energy, Inc. (“Fluence”) (Nasdaq: FLNC), a global market leader in energy storage products, services, and digital applications for renewables and storage, today announced the opening of a new global technology centre in Bangalore. The Fluence India Technology Centre supports the execution of the company’s global product strategy by growing engineering capabilities and scaling global talent and strengthens Fluence’s local presence in the country.

The Fluence India Technology Centre marks a significant milestone for Fluence, becoming the company’s first technology centre based entirely in Asia. This complements existing technology teams in North America and Europe. Together, the company’s technology centre teams support Fluence’s regionally focused operational model and create a strong foundation for new product introductions and regionalized product support.

“With the launch of this technology centre, we will enhance our product offerings, engineering capabilities, and further demonstrate our core competencies in battery-based energy storage products and software,” said Fluence SVP & Chief Product Officer Rebecca Boll. “This team will be key to the expansion of our sixth generation product line, which is delivering a range of critical grid services to customers around the world, as well as the creation of next generation products.”

Fluence’s team of technical experts in Bangalore will support the company’s global sales and growth objectives for all major product lines and enable flexibility and speed in product development. As the company’s largest global technology team, employees at the India Technology Centre are working in the areas of enclosure, battery, and inverter engineering, software quality assurance, product management, and more. Additionally, the technology centre will support the delivery of products to the Fluence India joint venture with ReNew Power and support the full lifecycle of their storage systems.

“India has an ambitious renewable energy capacity target of 500 GW by 2030. Fluence is committed to supporting India in the clean energy transition and our technology centre and joint venture with ReNew are just the beginning,” said Fluence SVP & President, APAC Jan Teichmann. “Our investment in the region will enable us to partner with customers locally, develop expertise in local market requirements, drive product development for the region, and support the long-term growth of energy storage in India.”

Fluence’s flagship battery-based energy storage project in India was deployed in 2019 at a Tata Power (TPDDL) substation in Delhi. The 10 MW / 10 MWh project was developed by AES and Mitsubishi and is the largest energy storage system in South Asia.

About Fluence:

Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader in energy storage products and services, and digital applications for renewables and storage. With a presence in 30 global markets, Fluence provides an ecosystem of offerings to drive the clean energy transition, including modular, scalable energy storage products, comprehensive service offerings, and the Fluence IQ Platform, which delivers AI-enabled digital applications for managing and optimizing renewables and storage from any provider. The company is transforming the way we power our world by helping customers create more resilient and sustainable electric grids. For more information, visit our website or follow us on LinkedIn or Twitter.

Forward-Looking Statement

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release are forward-looking statements, including, without limitation, the anticipated engineering services that Fluence Technology Centre India may provide to Fluence customers in India and the globe.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside Fluence’s control and are difficult to predict. Factors that may cause such differences in expected results include but are not limited to the following: actual use of the technology centre services by customers in practice, the ability to adequately answer Fluence customers questions and assist them in the maintenance and operation of their energy storage systems in real time, and the technology centre’s ability to run and operate without any defects or errors. Fluence cautions that the foregoing list of factors is not exclusive. Additional information about factors that could materially affect Fluence is set forth under the “Risk Factors” section in its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission, and available on the SEC’s website at www.sec.gov.

Except as otherwise required by applicable law, Fluence disclaims any duty to update any forward-looking statements contained in this press release, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Should underlying assumptions prove incorrect, actual results and projections could differentiate materially from those expressed in any forward-looking statements.

Media Contact

Adele Zhang
Head of Marketing & Communications, APAC
+61 406529688
Adele.Zhang@fluenceenergy.com

Investor Relations Contact

Lexington May
Sr. Manager, Investor Relations
+1 713-909-5629
InvestorRelations@fluenceenergy.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9c937377-d953-4d07-aa27-7ccb82018645

Two market leaders come together to expand digital investigations

PETAH TIKVA, Israel and TYSONS CORNER, Va. and NEW YORK, July 05, 2022 (GLOBE NEWSWIRE) — Cellebrite DI Ltd. (NASDAQ: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, and Chainalysis, the blockchain data platform, have launched a partnership to enable customers to easily identify and assess criminal activity involving cryptocurrency during digital investigations to expedite their resolution.

Cryptocurrency usage has increased significantly over the past several years. While the vast majority of its use is for legitimate purposes, it has also been exploited for illicit use in scamming, money laundering, ransomware, and more. As cryptocurrency artifacts are more frequently found in, and can be used as key pieces of, digital evidence, law enforcement and corporations need access to cryptocurrency-related knowledge and tools to investigate criminal activity and help solve cases.

Together, Cellebrite and Chainalysis are enabling customers to modernize investigations by leveraging the transparency of blockchains. The integrated solution will provide automated, efficient capabilities and knowledge to identify and assess cryptocurrency risks and correlate such information to additional elements of a related case. Cellebrite’s DI suite of solutions will reveal accurate, real-time cryptocurrency data and insights from Chainalysis’ data platform. As a result of this cooperation, examiners, investigators, analysts, and compliance officers will be able to seamlessly identify illicit cryptocurrency-related activity in a single place as part of their familiar digital investigation workflows.

Cellebrite and Chainalysis are also collaborating to empower customers to bridge the cryptocurrency knowledge gap. Together, they will educate customers’ internal experts by offering cryptocurrency training and delivering cryptocurrency expert investigation services, as well as making Chainalysis’ Reactor, the investigation tool, available for advanced cryptocurrency tracing.

“Cryptocurrency, as any other financial instrument, has become a vehicle for funding crime and laundering money, and as its adoption increases, our customers must be equipped with cutting-edge solutions to identify this important category of digital evidence,” said Leeor Ben-Peretz, Chief Strategy Officer at Cellebrite. “Providing our customers with an integrated cryptocurrency investigation solution will expedite their investigations through automation and help them seamlessly uncover a wider range of digital evidence within Cellebrite’s suite of Digital Intelligence solutions. We are happy to join forces with Chainalysis to further enhance our customers’ tools and knowledge, modernize investigations, and accelerate justice.”

“We are thrilled to partner with Cellebrite, the Digital Intelligence market leader, to expand our public and private sector customer reach and provide them access to Chainalysis’ solutions, training, and expertise,” said Thomas Stanley, President and Chief Revenue Officer at Chainalysis. “Together, Cellebrite and Chainalysis are committed to helping combat blockchain-related crime, improving trust and transparency in blockchains, and making cryptocurrency safer for all.”

The initial integrated solution is expected to be available in Q3 2022. To find out more about the partnership offerings, please visit: https://cellebrite.com/en/cellebrite-crypto-solution-powered-by-chainalysis/

About Cellebrite

Cellebrite’s (NASDAQ: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on Twitter at @Cellebrite.

About Chainalysis

Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries. Our data powers investigation, compliance, and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases and grow consumer access to cryptocurrency safely. Backed by Accel, Addition, Benchmark, Coatue, GIC, Paradigm, Ribbit, and other leading firms in venture capital, Chainalysis builds trust in blockchains to promote more financial freedom with less risk. For more information, visit www.chainalysis.com.

Caution Regarding Forward Looking Statements
This document includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “will,” “appear,” “approximate,” “foresee,” “might,” “possible,” “potential,” “believe,” “could,” “predict,” “should,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other similar expressions that predict, project or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include estimated financial information. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects, and other aspects of Cellebrite’s business are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to: Cellebrite’s ability to keep pace with technological advances and evolving industry standards; Cellebrite’s material dependence on the acceptance of its solutions by law enforcement and government agencies; real or perceived errors, failures, defects or bugs in Cellebrite’s DI solutions; Cellebrite’s failure to maintain the productivity of sales and marketing personnel, including relating to hiring, integrating and retaining personnel; uncertainties regarding the impact of macroeconomic and/or global conditions, including COVID-19 and military actions involving Russia and Ukraine; intense competition in all of Cellebrite’s markets; the inadvertent or deliberate misuse of Cellebrite’s solutions; political and reputational factors related to Cellebrite’s business or operations; risks relating to estimates of market opportunity and forecasts of market growth; Cellebrite’s ability to properly manage its growth; risks associated with Cellebrite’s credit facilities and liquidity; Cellebrite’s reliance on third-party suppliers for certain components, products, or services; challenges associated with large transactions and long sales cycle; risks that Cellebrite’s customers may fail to honor contractual or payment obligations; risks associated with a significant amount of Cellebrite’s business coming from government customers around the world; risks related to Cellebrite’s intellectual property; security vulnerabilities or defects, including cyber-attacks, information technology system breaches, failures or disruptions; the mishandling or perceived mishandling of sensitive or confidential information; the complex and changing regulatory environments relating to Cellebrite’s operations and solutions; the regulatory constraints to which we are subject; risks associated with different corporate governance requirements applicable to Israeli companies and risks associated with being a foreign private issuer and an emerging growth company; market volatility in the price of Cellebrite’s shares; changing tax laws and regulations; risks associated with joint, ventures, partnerships and strategic initiatives; risks associated with Cellebrite’s significant international operations; risks associated with Cellebrite’s failure to comply with anti-corruption, trade compliance, anti-money-laundering and economic sanctions laws and regulations; risks relating to the adequacy of Cellebrite’s existing systems, processes, policies, procedures, internal controls and personnel for Cellebrite’s current and future operations and reporting needs; and other factors, risks and uncertainties set forth in the section titled “Risk Factors” in Cellebrite’s annual report on form 20-F filed with the SEC on March 29, 2022 and in other documents filed by Cellebrite with the U.S. Securities and Exchange Commission (“SEC”), which are available free of charge at www.sec.gov. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, in this communication or elsewhere. Cellebrite undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

Cellebrite Media   
Victor Cooper
Public Relations and Corporate Communications Director
+1 404.804.5910
Victor.cooper@cellebrite.com

Cellebrite Investors
Anat Earon-Heilborn
VP Investor Relations
+972 73 394 8440
investors@cellebrite.com

Chainalysis Media
Maddie Kennedy
Senior Director of Communications
media@chainalysis.com
Contact Chainaylsis

TORONTO, July 05, 2022 (GLOBE NEWSWIRE) — EV Technology Group Ltd. (the “Company” or “EV Technology Group”) (NEO: EVTG, DE: B96A) is pleased to announce that the Company’s common shares (the “Common Shares”) are now eligible for electronic clearing and settlement through the Depository Trust Company (“DTC”).

EV Technology Group is a global end-to-end electric vehicle company focused on electrifying iconic driving experiences. EV Technology Group helps iconic brands leverage their existing brand equity and followership by bringing their vehicles to the electric age, such as MOKE International Limited (“MIL”). The Company is currently listed on Canada’s NEO Exchange (NEO: EVTG) and the Frankfurt Stock Exchange (DE: B96A), and has now been approved to offer United States-based public market investors the opportunity to clear and settle trades of Common Shares through the DTC.

DTC is a subsidiary of the Depository Trust & Clearing Corp. (“DTCC”) that manages the electronic clearing and settlement of publicly traded companies in the United States. Securities that are eligible to be electronically cleared and settled through DTC are considered to be “DTC eligible”. DTC eligibility is expected to simplify the process of trading and enhance liquidity of the Common Shares in the United States by accelerating the settlement period for transfers and reducing costs for investors.

With DTC eligibility, existing investors benefit from potentially greater liquidity and execution speeds. This also opens the door to new investors that may have been previously restricted from trading the Common Shares and simplifies the process of trading the Common Shares in the United States.

EV Technology Group
EV Technology Group was founded in 2021 with the vision to electrify iconic brands – and the mission of redefining the joy of motoring for the electric age. By acquiring iconic brands and bringing beloved motoring experiences to the electric age, EV Technology Group is driving the EV revolution forward. Backed by a diversified team of passionate entrepreneurs, engineers and driving enthusiasts, EV Technology Group creates value for its customers by owning the total customer experience — acquiring and partnering with iconic brands with significant growth potential in unique markets, and controlling end-to-end capabilities. To learn more visit: https://evtgroup.com/

Media
Rachael D’Amore
rachael@talkshopmedia.com
+1519-564-9850

Investor Relations
Dave Gentry
dave@redchip.com
+14074914498

EV Technology Group
Wouter Witvoet
CEO and Chairman of the Board
wouter@evtgroup.com

Forward-Looking Information

This news release contains forward-looking statements including, but not limited to, liquidity of and execution speeds for the Common Shares as a result of DTC eligibility, and EV Technology Group operations, expectations, and future actions. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements, including those factors discussed under “Risk Factors” in the 2021 Annual Information Form of the Company. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except where required by law. There can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

CALGARY, Alberta, DÜSSELDORF, Germany and BRESCIA, Italy, July 05, 2022 (GLOBE NEWSWIRE) — Eavor, the leader in scalable geothermal energy, has selected Turboden S.p.A. (“Turboden”) for the development of their project in the South of Germany in Geretsried (Bavaria). This investment in Turboden’s Organic Rankine Cycle (“ORC”) system will be used in the first commercial Eavor-Loop™ project harnessing heat from the Earth to deliver electricity to the local market.

The project, will have a capacity of 8.2 MWe (4 loops and a single ORC generator) when it reaches its full capacity. The assumed date of initial power production is 2024 and will be ramped up into 2026 when the plant is operating at full capacity.

Eavor estimates 4,900 homes per Eavor-Loop™ will be powered with clean energy harnessed from the Earth.

The full 8.2 MWe project will result in ~44,000 tCO2e GHG emissions avoided per year including anticipated heat offtake in addition to the power sales. Eavor further estimates 150 drilling services and powerplant/infrastructure jobs will be created during the construction phase of the project.

Eavor’s technology, known as Eavor-Loop™, uses the natural heat of the earth like a giant rechargeable battery. Fluids are heated by the earth and circulated in a closed network of underground wellbores, unlocking a reliable and consistent energy source. Eavor’s technology differs from other forms of geothermal in that it is a scalable “go anywhere” solution, harvesting geothermal heat to generate dispatchable power and heat with zero emissions.

“Eavor is capable of designing and constructing this ORC power plant simultaneously with the drilling phase of the project due to our confidence in the thermal calculations and process engineering,” states Daniel Mölk, Eavor’s Germany Country Manager. “This demonstrates the specific nature and predictability of a closed-loop system and we are excited to have found a great partner in Turboden.”

“It is an extraordinary achievement to have an agreement like this in place prior to drilling and serves to maintain Turboden’s market leadership in Germany,” states Joseph Bonafin, Sales and Business Development Manager for Turboden, “This project aligns with Turboden’s mission to reduce global warming and the consumption of fossil fuels. Maintaining a process of continuous evolution is part of our DNA and Eavor is a perfect partner for us.”

Contact:

Eavor Technologies Inc.
Daniel Mölk
Germany Country Manager
+49 211 42471-5692
presse@eavor.de
www.eavor.de

About Eavor:
Eavor (pronounced “Ever”) is a technology-based Energy company led by a team dedicated to creating a clean, reliable and affordable energy future on a global scale. Eavor’s solution (Eavor-Loop™) represents the world’s first truly scalable form of clean dispatchable power. Eavor achieves this by mitigating or eliminating many of the issues that have traditionally hindered geothermal energy. Eavor instead circulates a benign working fluid which is completely isolated from the environment in a closed-loop, through a massive subsurface radiator. This “radiator” simply collects heat from the natural geothermal gradient of the Earth via conduction, at geologically common and drilling accessible rock temperatures. Further inquiries: Eavor Technologies Inc.: www.eavor.com

About Turboden:
Turboden S.p.A., founded in 1980, is an Italian firm and a global leader in the design, manufacture and maintenance of Organic Rankine Cycle (ORC) systems, highly suitable for distributed generation, that generate electric and thermal power exploiting multiple sources, such as renewables (biomass, geothermal energy, solar energy), traditional fuels and waste heat from industrial processes, waste incinerators, engines or gas turbines. Today, with more than 400 plants worldwide, Turboden expands its solutions with gas expanders and large heat pumps to play a broader role in the decarbonisation of the district heating sector and of some energy-intensive industrial processes.

The project will be located in Hualien and support Taipower’s automatic frequency control services

View Press Release in Traditional Chinese

TAIPEI, Taiwan, July 04, 2022 (GLOBE NEWSWIRE) — Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products and services, and digital applications for renewables and storage, today announced a strategic partnership with Rich Electric, a Taiwanese company with expertise in power conversion and battery-based energy storage systems. Through this partnership, Fluence and Rich Electric will deploy a 100 MW battery-based energy storage system in Hualien to support Taipower’s automatic frequency control (AFC) services. With a target completion of mid-2023, the project will be the first 100 MW level system in Taiwan, and is anticipated to be one of Fluence’s largest AFC projects in the country.

“Taiwan has become one of the most active energy storage markets in the Asia Pacific region. The growth momentum of the energy ecosystem is driven by a clear target and objectives for renewable energy and net zero emission set by the local government,” said Fluence SVP & President APAC Jan Teichmann. “Through this partnership with Rich Electric, we look forward to building a more resilient smart grid in Taiwan and accelerating the local energy transition.”

Taiwan is actively deploying energy storage systems to enhance the flexibility of power dispatch and avoid recurring power outages caused by intermittent renewable energy supplies. Taipower’s AFC services play a critical role in stabilizing the Taiwanese power grid. In Taiwan, Taipower has announced a target of 1,000 MW storage capacity by 2025, while Bureau of Energy, Ministry of Economic Affairs is planning 500 MW storage capacity via ground mounted PV systems.

“Energy storage systems are indispensable to the deployment of grid-connected renewable energy systems,” said Rich Electric Chairman Eric Chen. “As a manufacturer with 35 years of experience in power electronics R&D, Rich Electric specializes in the development and integration of power conversion systems, battery management systems, and energy management systems. Our company is dedicated to creating grid-level energy storage and distribution solutions to provide a stable power supply. We are excited to work with Fluence, leveraging its rich industry experience and advanced technology in providing a quality power supply that meets Taipower’s standards. Together with Fluence, we look forward to creating a sustainable future in Taiwan.”

In April 2022, Fluence was awarded the Taoyuan Longtan ultra-high voltage substation project. With an investment of over TWD 2.6 billion and a capacity of 60 MW, it will be the largest energy storage project in the Taiwanese public sector and will account for 37.5 percent of Taipower’s total storage capacity. To date, Fluence has deployed or contracted more than 4.8 GW of energy storage systems globally. Fluence topped a recent global energy storage provider list with an 18 percent market share, according to IHS Markit’s 2021 survey.

About Fluence

Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader in energy storage products and services, and digital applications for renewables and storage. With a presence in 30 global markets, Fluence provides an ecosystem of offerings to drive the clean energy transition, including modular, scalable energy storage products, comprehensive service offerings, and the Fluence IQ Platform, which delivers AI-enabled digital applications for managing and optimizing renewables and storage from any provider. Fluence is transforming the way we power our world by helping customers create more resilient and sustainable electric grids. For more information, visit our website, subscribe to our blog or follow us on LinkedIn or Twitter.

Media Contact

Edelman Taiwan
Andrea Yu
02-2757-6568 #110
Andrea.Yu@edelman.com

Michael Hsu
02-2757-6568 #112
Michael.Hsu@edelman.com

Forward-Looking Statements

The information in this press release includes a “forward-looking statement” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release are forward-looking statements, including, without limitation, the partnership with Rich Electric in developing the Taiwan energy storage market and expected timing of delivery of Fluence products and technology for Taipower’s AFC services and completion of the project, and Taiwan plans for storage capacity in the future.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside Fluence’s control and are difficult to predict. Factors that may cause such differences in expected results include but are not limited to the following: Taiwan’s steps and progress towards its storage capacity targets, delays in the completion of the commissioning phase as a result of the COVID-19 pandemic, extreme weather, and related delays in readiness to enter Taipower’s AFC services in Hualien into the grid, and the outcome of testing and commercial operation of Taipower’s AFC services in Hualien. Fluence cautions that the foregoing list of factors is not exclusive. Additional information about factors that could materially affect Fluence is set forth under the “Risk Factors” section in its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission, and available on the SEC’s website at www.sec.gov.

Except as otherwise required by applicable law, Fluence disclaims any duty to update any forward-looking statements contained in this press release, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Should underlying assumptions prove incorrect, actual results and projections could differentiate materially from those expressed in any forward-looking statements.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/77937076-7874-4d86-b9e5-14c1426e531d