News Hub | News Direct

Transportation

Airlines Automotive Electric Vehicles Logistics Maritime
Article thumbnail News Release

Ocean Power Technologies announces multiple WAM-V 16s vehicle order from Sulmara

Ocean Power Technologies Inc

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to to share some exciting news. OPT has secured a substantial volume order from Sulmara, a prominent player in offshore services, for their cutting-edge WAM-V 16 uncrewed surface vehicles. Sulmara is a recognized leader in offshore survey services, and this order represents a milestone achievement as it stands as the largest single order of WAM-Vs in OPT's history. Stratmann emphasized to Proactive the significance of this order, which amounts to a substantial $1.6 million. What's even more remarkable is that production for these state-of-the-art vehicles is already well underway, ensuring that the revenue generated from this contract will be realized within the current fiscal year. The WAM-V 16, celebrated for its exceptional versatility, is poised to revolutionize the way marine data is collected and utilized in the industry. Designed to seamlessly adapt to various marine environments and applications, the WAM-V 16 offers unmatched reliability, maneuverability, and modularity. This innovative technology empowers remote marine operations like never before, opening up new horizons for offshore survey services and marine data collection. Sulmara's decision to place this substantial order is a testament to the confidence they have in OPT's cutting-edge technology and the transformative impact it will have on their operations. As the offshore services sector continues to evolve and demand for precise marine data increases, partnerships like this highlight OPT's commitment to delivering groundbreaking solutions that push the boundaries of what's possible in the industry. Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com

October 30, 2023 01:26 PM Eastern Daylight Time

Video
Article thumbnail News Release

Ocean Power Technologies secures contract to combat illegal fishing with uncrewed technology

Ocean Power Technologies Inc

Ocean Power Technologies vice president of Sales and Marketing Matt Burdyny joined Steve Darling from Proactive to share news the company has secured a significant contract aimed at marine conservation and combating illegal fishing practices. The company has been awarded a contract in partnership with WildAid and Caribbean Law Enforcement partners. The objective of this collaboration is to protect essential marine species and address the issues of illegal, unreported, and unregulated (IUU) fishing activities in critical marine habitats. As part of the initiative, OPT will provide WildAid and their Caribbean Law Enforcement partners with a state-of-the-art OPT WAM-V 16 Uncrewed Surface Vessel. This vessel will be equipped with an integrated quadcopter aerial drone, which leverages advanced technology to enhance surveillance and conservation efforts. The OPT WAM-V 16 Uncrewed Surface Vessel, equipped with the aerial drone, will play a crucial role in marine protection. It will empower law enforcement agencies and conservation organizations to monitor and safeguard marine life from illegal harvesting activities. This proactive approach ensures the sustainability of critical marine ecosystems. The technology provided by Ocean Power Technologies offers networked surveillance capabilities and evidence collection. This allows authorities to gather critical information, support legal actions against illegal fishing, and protect marine life. Importantly, it allows personnel to stay out of harm's way until conditions are favorable for interdiction efforts. Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com

October 30, 2023 12:45 PM Eastern Daylight Time

Video
Article thumbnail News Release

ENEOS brings trio of Frankenstein cars to SEMA 2023

ENEOS USA

ENEOS – Japan’s largest oil company and supplier of motor oil and transmission fluids to the majority of Asian vehicle manufacturers – will be located in booth #24233 in Central Hall at the annual SEMA Show in Las Vegas this week. In addition to supplying the aftermarket with premium vehicle lubricants, ENEOS provides oils to Japanese and Asian manufacturers for factory fill in Japan, Asia, United States, Europe, Central and South Americas, Middle East and Africa. This year’s booth will again highlight the company’s activities and allow visitors to discover the most advanced ENEOS products, such as the new 0W-8 motor oil for the latest hybrid vehicles. Display vehicles throughout the show will capture the essence of ENEOS and showcase many of the company’s products, including its Racing Series Motor Oils and more. ENEOS JAGUAR E-TYPE 2JZ Taking center stage in the ENEOS booth will be a 1969 Jaguar XKE 2+2. Celebrating 75 years of the manufacturer’s sports car heritage, this particular example has been equipped with a modified version of the Toyota 2JZ-GTE inline-6 24v 3.0L engine, swapped directly from the Supra. Constructed by professional drift racer and car builder Faruk Kugay at DevSpeed Motorsports, the E-type is the third car in a series of creations that take Europe’s finest vehicles and combines them with Japan’s finest engineering. Previous projects have included an E30 BMW with F20C Honda 2.0L engine swap in 2021, and a 997.1 Porsche 911 GT3 with Subaru Impreza STI EJ25 engine last year. The Jaguar conversion certainly fits the Frankenstein theme of previous years and takes it up a notch with increased use of modern technology to update the classic British sports car. To honor its Japanese hosts, the Supra’s 2JZ-GTE engine was selected because it’s representative of the vehicles ENEOS supports since it has supplied factory-fill lubricants to the vast majority of Japan’s auto industry for decades. Inevitably, a regular 2JZ wouldn’t suffice, so Kugay drew on his Formula DRIFT roots. Using the same engine in his Nissan S14 competition car, a number of key components were thrown into the cauldron, including a new factory head casting with Deatschwerks Injectors, and a full Nuke Performance fuel system. Internally, the engine was reinforced with CP-Carillo pistons and rods, which will be expertly lubricated by ENEOS Racing Street 0W-50 oil. All the work was in preparation for the Borg Warner EFR 8474 turbocharger and Vibrant Performance Intercooler. With a Link G4 Fury ECU providing the spark, Kugay is confident the engine will see 750hp once the final dyno tuning is completed. Designed as a hot rod for the street and track, Kugay consulted Charlie’s Customs in England. They executed a similar conversion and recommended the E60 BMW rear subframe, suspension and differential. While it’s not quite a bolt-on conversion, it addressed many of the conversion issues and will help put the power to the pavement via an E36 BMW M3 ZF five-speed manual transmission. The considerable power increase over the original 4.2L straight-six engine meant the Jag required bigger boots. While the generous wheelbase of the 2+2 helped with the engine installation, the XKE’s slender hips weren’t going to accommodate sufficient rubber to get the job done. Initially taking inspiration from the Jaguar factory’s Lightweight racer, fender flares were designed from a 3D scan taken by Adam Bao at Illumasthetic. Once the proportions were confirmed, his team 3D-printed the new pieces. These were delivered to the crew at Vinny’s Autobody in Sonoma, CA where Ken Heilmann laid carbon fiber to strengthen the panels, Matt Thorsson and Jason Mohon prepped the bodywork, before Vinny Thorsson painted it. The body was then able to swallow 17” Rotiform STL wheels, which were custom-built in two pieces to achieve the desired width and offset; the design reminiscent of the original E-Type Lightweight wheels. Finally, a set of the new, high-performance Bridgestone Potenza RE-71 RS tires were fitted to ensure the Jag was equally at home on the road or track. The car was built by DevSpeed Motorsports, which is based at Sonoma Raceway by a team including Faruk Kugay, Victor Freire, Jose Varguez, Alexander Forsythe, Luke Wright, Sean McLean, Josh Sher, Seth Lewis and Dustin Volkmuth. The livery was applied by John Sharp at Landmark Grafix. Tech Spec for the ENEOS JAGUAR E-TYPE 2JZ can be found HERE TWIN-ENGINED NISSAN 350Z Displayed prominently outside SEMA’s Central Hall in display spot V049, this insane 2003 Nissan 350Z was the winner of the ENEOS / Pit+Paddock 2023 SEMA Show Car Contest hosted by ENEOS ambassador Dai Yoshihara. Powered by TWO turbocharged Honda engines, Ashley Robinson’s wild creation was selected to represent both brands by public vote and a judging panel. Purchased at auction for $800, Robinson built the Nissan with drifting in mind. But the Frankenstein project would later take on a life of its own. Bought with a damaged rear-end, the car was reworked entirely. The damaged area was cut away before Robinson fabricated a roll-cage, which extended to the rear of the vehicle, mimicking the shape as the original body. After two years shredding tires and an unfortunate roll-over, Robinson was too committed to the project to give up. Determined to move forward, he envisioned the twin-engined concept. The result was a monster mash-up, powered by two turbocharged Honda K24 engines, positioned in the front and middle, lubricated and protected by ENEOS high-performance engine oil. Having overcome the technical hurdles of installing, turbocharging, and synchronizing the two engines, Robinson created custom aero. He handcrafted fender flares but left the exo-skeleton exposed at the rear to showcase his creation. The ingenious and inventive fabrication make Robinson’s twin-engined 350Z a spectacle worthy of its contest-winning featured vehicle placement at the 2023 SEMA Show where it will certainly grab plenty of attention. Tech Spec for the TWIN-ENGINED NISSAN 350Z can be found HERE 1997 TOYOTA LAND CRUISER PICKUP The neo-vintage Toyota Land Cruiser 70/80-Series pickup was created by RPM Off-Road Garage in Monrovia, CA. It’s something both Japanese truck and off-road enthusiasts can appreciate, creating a truly unique vehicle that can be enjoyed on and off America’s roads. It will be displayed at SEMA 2023 in featured vehicle spot V053 alongside the Frankenstein twin-engine Nissan 350Z. RPM owner Steve Lam bought a damaged 1997 Land Cruiser FZJ80 chassis for its off-road capability and durability since it features robust solid axles and coil sprung suspension, which is ideal for dirt. The 2009 HZJ79 pickup body was sourced from the Land Cruiser Heritage Museum in Utah, which was leftover parts imported from the Middle East after it was stripped to become an armored vehicle. This conversion isn’t for the fainthearted: RPM lengthened the FZJ80 frame 18” and fabricated mounts to attach the HZJ79 body. Interestingly, the same body has essentially been around since the mid ’80s, and can be found all over the world… except in the United States. So, the RPM pickup is a brilliant example of what can be done with the right technical knowledge and determination to create something extraordinary. The vehicle will be utilized for off-road and overland expeditions by Steve and the RPM team. ENEOS is proud to have partnered with RPM Off-Road Garage since 2020. As a registered member of the ENEOS Garage program, the shop utilizes ENEOS performance lubricants for its in-house projects and to service customer vehicles Tech Spec for the 1997 TOYOTA LAND CRUISER PICKUP can be found HERE EDITOR’S NOTE High-resolution images for editorial use of the cars mentioned above can be found here: dropbox.com/sh/6cw00bvo64aftif/AABl8FZJs762gp121-VQj_Kha?dl=0 ABOUT ENEOS MOTOR OIL Established in 1888 and headquartered in Tokyo, ENEOS is Japan’s largest oil company, with manufacturing and sales facilities throughout the world. With a unique position in its home market, ENEOS has worked with Asia’s automakers and leading race teams for decades, creating advanced lubricants with their vehicle engineers to provide optimum fuel economy with maximum power and long-term protection. ENEOS also recently announced availability of a new 0W-8 motor oil for future vehicle applications including the latest hybrid technology. For more information, please visit eneos.us Contact Details Greg Emmerson greg@theidagency.com Company Website https://www.eneos.us

October 30, 2023 12:16 PM Eastern Daylight Time

Image
Article thumbnail News Release

New Business Owner Chris Greene Buys Alloy Printing, Opens Minuteman Press Franchise in White Plains, NY

Minuteman Press International Inc

In April of 2023, Chris Greene made the decision to switch gears and become a business owner. That is when Chris purchased over 40-year business Alloy Printing from Mary Jane and Alan Goldman, which is now operating as the new Minuteman Press franchise in White Plains, NY. The business remains located at 190 East Post Rd., White Plains, NY 10601, a 6,000 sq. ft. facility where it has been operating since 1995. Since buying the business, Chris has already hit several key milestones for Minuteman Press in White Plains. He attributes his sales growth to picking up where the previous owners of Alloy Printing left off – by joining local business organizations and maintaining existing client relationships. Chris has also been building on his established client base by marketing additional products and services such as custom branded apparel. History of Alloy Printing Mary Jane Goldman first joined the printing industry in 1979 when she opened a PIP Printing location in Yonkers. She moved the center to its current location at 190 East Post Rd. in 1995, and then eventually transitioned the business to an independent operation, Alloy Printing. Prior to owning the business, Mary Jane worked as a nurse for 11 years before looking for a change. In a previous interview with The Examiner, Mary Jane explained, “My options were open. I was taking a sabbatical. I could always go back to nursing. My parents had friends that were in printing and did very, very well. And I decided that would be a challenge that I would like to take on.” After initially expanding to three locations, the Goldmans decided to focus only on their White Plains location, where they had been residents since 1987. Mary Jane shared, “Sometimes more isn’t always better.” Alan noted, “[White Plains] is the center of the county. It’s the county seat. It’s where all the action is.” During their years in business, Mary Jane and Alan were active in several local groups including the White Plains Downtown Business Improvement District and many more. New owner Chris Greene has followed their lead, saying, “I was just appointed to the Board of the White Plains Downtown Business Improvement District and am also a member of the Business Council of Westchester. I have found these groups to be very beneficial in terms of networking and building/keeping relationships.” One thing that has never changed in over 40 years is the fact that people need and use print. Alan shared with The Examiner, “We’re supposed to be a more paperless society. But we find it’s not a paperless society.” In the interview, he added, “The internet doesn’t serve what we produce. We’re more of a hands-on, come in, sit down, let’s go over it. What can we do? How can we help? How can we both work together to produce what you want and make you successful? Because if you’re successful, we’re successful.” Welcome to Minuteman Press, White Plains Prior to buying the business, Chris Greene worked in corporate advertising, sales, and marketing. Chris shares, “The three biggest reasons I chose to buy Alloy Printing and transition to Minuteman Press are: My desire to be a business owner and move out of the corporate world; I look at the printing industry as an offshoot to what I was doing in my advertising career; The quality of my experience in learning about Minuteman Press and Alloy Printing.” Chris adds, “The training and support from Minuteman Press has been great. The training helped me develop a solid base of knowledge on how to operate a print business. When I’ve needed support in terms of learning or ramping up my marketing, my RVP Jim Galasso and the entire team have been great in giving me direction. It has been a positive experience all the way around.” When reflecting on the first six-plus months, Chris shares, “When I first started, my number one priority was to reassure our existing customer base that the high quality and customer service that they previously had was not going anywhere. As we look towards further growth, the first area we’ve grown from a product standpoint has been apparel, which we are actively marketing.” He adds, “For me, it’s not about being the boss as much as it’s about how I am spending my day. I enjoy giving our customers the products that we make. That the finished products are directly associated with my ownership of the business is very rewarding.” Minuteman Press in White Plains is located at 190 East Post Rd., White Plains, NY 10601. For more information, visit their website: https://minuteman.com/us/locations/ny/white-plains Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com To learn about selling your printing business through Minuteman Press at no cost or broker fees to you, visit https://sellyourprintingbusiness.com Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

October 30, 2023 10:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

Procure Holdings CEO discusses space technology's role in modern warfare and beyond

HANetf Holdings Limited

Procure Holdings CEO Andrew Chanin, who works with HANetf on the Procure Space UCITS ETF (LON:YODA), delves into the rising significance of space technology in military operations in an interview with Proactive's Stephen Gunnion. Amid the conflicts in Ukraine and the Middle East, Chanin emphasized the pivotal role of satellite companies in monitoring border activities and military movements. Satellite imagery not only serves warfare and defense strategies but extends its importance to humanitarian efforts and climate change monitoring. Chanin highlighted the transformation of warfare due to advancements like GPS, with techniques such as GPS spoofing now emerging. As cyber threats loom large, the security of satellite technologies becomes imperative. Companies like SpaceX are making strides in launching capabilities, with countries like Israel striving for space independence. However, the space domain isn't devoid of challenges. The UK government recently faced a standoff with Russia over satellite control during the Ukrainian conflict, underlining space's evolving importance as the "new high ground for Modern Warfare." As the future unfolds, Chanin predicted enhanced security measures, increased satellite redundancy, and potentially even space-to-space or space-to-Earth combat. On a positive note, he envisioned space technology harnessing solar energy for Earth, signifying potential sustainable solutions benefiting global society. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

October 27, 2023 04:00 AM Eastern Daylight Time

Video
Article thumbnail News Release

NAFA Welcomes DOE Clean Cities Coalition to Its Membership

NAFA Fleet Management Association

NAFA Fleet Management Association (NAFA), the vehicle fleet industry’s largest membership association, is proud to announce a collaboration with the Department of Energy’s (DOE) Clean Cities Coalition Network. This marks a significant step towards promoting sustainable fleet practices and expanding NAFA’s membership base. “The collaboration between NAFA and the Clean Cities Coalition is a significant milestone in our shared mission to promote sustainability in fleet management,” said Bill Schankel, CAE, CEO of NAFA. “We are eager to welcome the new coalition members into our community and work together to drive positive change in our industry.” “Our collaboration with NAFA is a pivotal moment in our mission for sustainable fleet practices,” said Mark Smith, Technology Integration Program Manager at DOE’s Technology Integration Program. “These coalitions work in urban, suburban, and rural communities throughout America helping businesses and consumers meet climate, financial, and energy goals through sustainable transportation fuels and technologies. Together, we are driving the industry toward a greener and more efficient future.” At the 2023 Clean Cities National Training Workshop, NAFA had the privilege to present the advantages of its membership program to 75 Clean Cities Coalitions, staff from national laboratories and the DOE, and invited guests from other federal and local agencies. As a result of this effort, 54 Coalitions chose to join NAFA, constituting an impressive 72 percent of all participating coalitions. NAFA will host a kickoff webinar in early November to initiate discussions on collaboration opportunities between the Clean Cities Coalitions and NAFA’s regions. The agenda will include brainstorming sessions on potential educational programming and the development of a joint message directed towards fleets not currently associated with NAFA within their respective areas. NAFA will continue to engage with leadership at the DOE and national laboratories to identify further collaborative opportunities for programming and informational publications. The positive momentum generated by this partnership is already evident, as several Coalitions have already reached out to NAFA with plans to organize and host regional events for members in New Jersey and Tennessee. NAFA Fleet Management Association is the membership organization for professionals who manage the mobility requirements of vehicle fleets that include commercial, public safety, trucks, and buses of all types and sizes; and a wide range of military and off-road equipment for corporations, governments, universities, utility fleets, and law enforcement in North America and across the globe. NAFA’s members are responsible for the specification, acquisition, maintenance, repair, fueling, risk management, and remarketing of more than 4.8 million vehicles that drive an estimated 84 billion miles each year. NAFA’s members control assets and services well above $122 billion each year. For more information, please visit www.nafa.org, and communicate with NAFA on LinkedIn, Facebook, and Twitter. Contact Details Keaveny Hewitt +1 919-622-5276 khewitt@onwrdupwrd.com Company Website https://www.nafa.org/

October 26, 2023 11:00 AM Eastern Daylight Time

Article thumbnail News Release

Unlock Your Dream Holiday Getaway: Airbnb Hacks that Can Help You Secure the Perfect Accommodation Hassle-Free

YourUpdateTV

Planning a memorable holiday begins with the right accommodation. Recently, Liz Debold Fusco, Communications Lead for North America, Airbnb, conducted a satellite media tour to share the best Airbnb hacks to help your holiday travel dreams come true. A video accompanying this announcement is available at: https://youtu.be/U4QjdBszMq4 Based on feedback from guests and Hosts around the world, Airbnb improved nearly every aspect of the app experience. From sign up to checking out, and every step in between, Airbnb took a design-driven approach to make sure that users have a seamless booking experience. Whether by the shore or on the slopes, a dream holiday stay is within reach. Airbnb is sharing its best hacks to help holiday travel dreams come true, from filtering searches for must-have amenities to curating the ultimate winter vibe with Airbnb Categories. Grab a cup of cocoa, cozy up by the fire, and let Airbnb help you find the ultimate festive stay. Use total price display to search for perfect holiday getaways within budget Last December, Airbnb rolled out total price display, a game-changing feature that makes it easier to search for unique, festive stays within your budget. With the goal of empowering guests to make informed decisions, Airbnb revolutionized the way stays are presented by showcasing the total price, inclusive of all fees before taxes, right from the get-go. Since launch, over 8 million guests have booked travel on Airbnb using the feature. i Whether looking for a cabin for ten, or a private room for two, total price display gives the guests the transparency they need to find the best option for them. Use Categories to search by holiday vibe or for inspiration Dreaming of a white Christmas in a ski-in ski-out chalet? Or maybe leaning towards a blue Hawaiian on a sandy beach? Airbnb Categories are helpful in finding that needle in the haystack, or inspiring guests as they figure out what type of stay they crave! There are so many unique categories to choose from – and this holiday season, Vineyards, Cabins and Iconic Cities are three of the most popular Categories guests are booking this year ii, showcasing how every traveler has a unique vision on what their perfect holiday stay can be. iii Filter searches to find the perfect winter escape A stay with all the trimmings can mean different things to different guests, for some that’s wifi and for others it’s a gym! In fact, last holiday season, two of the most searched amenities on Airbnb were jacuzzis and fireplaces iv. Just in time for this holiday season, Airbnb introduced two new search filters based on popular demand: pet-friendly stays and king-size beds, making it even easier to narrow searches for every individual’s holiday must-haves! Santa doesn’t have the only holiday wishlist Wishlists are the best way to get holiday planning underway. And following Airbnb’s 2023 Summer Release, Wishlists now include a calendar so guests can check the availability of all wishlisted stays. Guests can also add personalized notes to each wishlisted home to easily reference why a particular stay made it on the nice list to begin with! Flexible searches and carousel fun With Airbnb’s flexible search tool, dream stays are just a click away. If flexible on where and when, and even for how long, guests can unlock even more stays over the busy travel season. And it’s easy to use: instead of selecting exact dates or even a destination at the beginning of a search, guests can search with options like a weekend getaway, a week-long vacation, or even a month-long stay, as well as by continent or country or anywhere in the world. But if travel plans are fairly set, and search results are limited, a brand new feature will automatically display a carousel at the bottom of search results with more great stays available over similar dates. Guests and their loved ones are covered this season, with AirCover Airbnb is here to take the stress out of booking a stay for the holidays! Every booking comes with AirCover, so if there’s a serious issue, Airbnb will help guests find a similar place. To learn more, visit airbnb.com. About Liz DeBold Fusco Liz DeBold Fusco is Communications Lead for North America for Airbnb. Prior to that, she was a Vice President at SKDKnickerbocker, a national public affairs firm, where she provided strategic communications guidance to organizations ranging from the NAACP and Demos to The Rockefeller Foundation and AT&T. Liz has also worked for the Mayor's Fund to Advance New York City and New York City First Lady Chirlane McCray as well as the New York State Attorney General. About Airbnb Airbnb was born in 2007 when two Hosts welcomed three guests to their San Francisco home and has since grown to 4 million Hosts who have welcomed more than 1 billion guest arrivals in almost every country across the globe. Every day, Hosts offer one-of-a-kind stays and unique Experiences that make it possible for guests to experience the world in a more authentic, connected way. i Between December 2022 and September 2023 ii Based on guest bookings between January 1 - September 15 2023 iii Based on travel time period of November 1 - December 31, 2022 iv Based on travel time period of November 1 - December 31, 2022 Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

October 26, 2023 10:09 AM Eastern Daylight Time

Video
Article thumbnail News Release

Technology Minerals Chairman says Recyclus moving into a new phase with EA clearance

Technology Minerals PLC

Technology Minerals PLC (LSE:TM1) chairman Robin Brundle speaks to Proactive's Thomas Warner after the company's 48.25%-owned battery recycling business, Recyclus, received final clearance from the Environment Agency for fully automated operations at its lead acid battery recycling plant in Tipton, West Midlands. Brundle starts by saying that he's delighted with the news and says that the clearance should serve as a "cookie-cutter" for helping Recyclus create more lead acid recycling plants. The company aims to get five lead acid and five lithium-ion recycling plants up and running in the coming years. He also provides an update on the company's lithium-ion recycling plant in Wolverhampton, saying that the facility has completed the commissioning phase and is "ready to run at full scale... we've transitioned that business from pre-revenue to revenue." When asked if recent progress on the two facilities represents the end of the beginning for Recyclus, Brundle agrees before going to lay out the next steps for the business. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

October 24, 2023 07:45 AM Eastern Daylight Time

Video
Article thumbnail News Release

RV Sales of Broward, Owner Gigi Stetler To Appeal Catastrophic Fire Case Against 595 Annex

RV Sales of Broward

RV Sales of Broward, one of the leading recreational vehicle sellers in Florida, operating under the trade name Planet RV, is continuing a legal battle of paramount importance to win again at the appellate level. While the jury in the original case awarded $2,637,000 to RV Sales of Broward after hearing all the evidence, the judge nullified the jury’s award, reducing it to $557,000. The judgment came after a jury had ruled in favor of the RV company in its case against the landlord, 595 Annex, LLC, following a devastating fire that razed Planet RV in March 2021. Stetler will ask the appeals court to reverse the judge’s decision that stripped away her multi-million-dollar damage award, decided by a Broward County jury after a two-week trial. The plaintiffs had initiated legal proceedings against their landlord, 595 Annex, LLC, to seek damages and remedies for the tragic incident. The company previously occupied a commercial property at 3030 Burris Rd, Davie, Florida, owned by the same landlord who also operates the 595 Truck Stop in Davie, Florida. In 2018, RV Sales of Broward raised concerns about faulty wiring that had caused damage to numerous RVs and equipment over several years. The landlord dismissed the concerns. Unfortunately, on March 22, 2021, a catastrophic five-alarm fire erupted, resulting in a complete loss of Stetler's building, business, and its contents. Stetler, who believed she was protected by her lease, expected insurance proceeds to be used for rebuilding or restoring the property in the event of such a casualty. However, this did not happen. It was later discovered that the landlord had received insurance proceeds exceeding $1,000,000 for rebuilding and also received lost rent revenue totaling $210,000. Surprisingly, the landlord sued Stetler for rent and eviction. In response, Stetler filed a seven-count complaint in the summer of 2021. After 27 months, only three counts remained, with one of them being a breach of contract negligence claim, which eventually went to a jury trial. Just before concluding the trial, there was a dispute regarding the verdict form. Stetler's counsel argued that the defendant's form was confusing and inconsistent, but the court favored the defendant's version. The jury, however, faced difficulties in understanding the form and sought clarification from the judge, who could only refer to the jury instructions. After extensive deliberations, the jury reached a verdict. They awarded Stetler's company $557,000 for breach of contract negligence due to the faulty wiring issue. Additionally, they granted $210,000 for unjust enrichment, as the landlord had charged rent while also collecting insurance. Furthermore, Stetler's company received $1,870,000 for constructive eviction because the landlord's failure to rebuild forced Stetler to relocate her company at a much higher rental rate. Following the jury's decision, the defendants raised concerns about the verdict's inconsistency. In response to these concerns, the judge ordered all parties to return the next morning. After hearing arguments from both sides, the judge retained only the breach of contract claim. The judge told Stetler that she had her day in court and she would be left with the breach of contract claim for $557,000. All post-trial motions have been considered and denied, and appeals have been filed. However, Stetler finds herself in a legal limbo. Although she has a final judgment of $557,000 against the defendants, the judge has not determined the rent owed after set-offs and proper abatement. The judge has refused to rule on this matter until the appeal process is complete, even though it technically should not occur until a proper final judgment is in place. RV Sales of Broward and Stetler remain committed to protecting their rights as they believe it was clear after a long, drawn-out trial that the jury had intended to award Stetler and her company fair compensation for the losses that were suffered. Stetler is grappling with the challenge of rebuilding her company amid escalating legal expenses and an uncertain timeline to resolve this ordeal. Compounding her difficulties, 595 Annex currently holds all the funds and has transformed Stetler's previously thriving RV dealership into an extension of their truck stop. More information about RV Sales of Broward is available at www.rvsalesofbroward.com. Download a copy of the legal filings here and at LawsuitPressRelease.com. Contact Details Tom Alexander +1 954-801-0586

October 23, 2023 08:44 AM Eastern Daylight Time

1 ... 3031323334 ... 146