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TEAM 1144's New Initiative lead by Nesty Delgado: Launch of the Project Management & Transformational Leadership Institute

UpVenturemedia

In a landmark partnership, TEAM 1144, led by project management international speaker, educator, and consultant Nesty Delgado, and the University of Puerto Rico-Mayagüez (UPR-Mayagüez) have joined forces to launch the Project Management & Transformational Leadership Institute (PMTL Institute). This collaboration represents a significant advancement in Puerto Rico’s educational landscape, specifically in project management and transformational leadership, two fields critical to the island’s future. UPR-Mayagüez, celebrated for its outstanding School of Engineering, is the ideal partner for this initiative. The university’s reputation as the top academic institution in Puerto Rico and its commitment to excellence made it the perfect collaborator for TEAM 1144’s vision. Nesty Delgado, a proud alumnus of UPR-Mayagüez and founder of TEAM 1144, personally signed the agreement with the university’s Rector, Dr. Agustín Rullán Toro, and Dr. Roberto Seijo, Dean of the College of Business Administration. This moment marked not just a professional achievement, but a deeply personal one for Nesty Delgado, who has long held his alma mater in high regard. “The PMTL Institute aims to provide top-tier education and professional development opportunities in project management, transformational leadership, and change management. The institute’s programs are meticulously designed to equip professionals with the skills and knowledge necessary to lead complex projects, particularly those related to Puerto Rico’s ongoing reconstruction and resilience efforts. The initiative is not just about education; it’s about empowering a new generation of leaders who will drive Puerto Rico’s future forward.” Said Alba Norys De Leon, president of AblaTek, an important strategic ally in this endeavor. The Importance for Puerto Rico Puerto Rico is at a critical juncture in its history. With billions of dollars in public and private investment flowing into the island for infrastructure projects, there is a pressing need for skilled professionals who can lead these initiatives effectively. The PMTL Institute is positioned to play a pivotal role in addressing this need. Under Nesty Delgado’s guidance and TEAM 1144 experiences in several projects around the Island, the institute will offer a comprehensive curriculum that blends leadership skills and theoretical knowledge with practical application, ensuring that graduates are fully prepared to take on leadership roles in the island’s transformation. The signing of the agreement also received significant support from government leadership, with the Secretary of the Department of Economic Development and Commerce, Mr. Manuel Cidre, playing a key role in endorsing the initiative. His participation underscores the importance of this collaboration for Puerto Rico's economic future, aligning with the government’s broader efforts to drive the island’s recovery and growth through strategic investments in education and professional development. The support from such high levels of government reflects the far-reaching impact this initiative is expected to have. TEAM 1144 and UPR-Mayagüez: A Partnership for Progress This collaboration between TEAM 1144 and UPR-Mayagüez is a testament to what can be achieved when the private sector and academia come together with a shared vision. The institute’s programs are tailored to the unique challenges and opportunities facing Puerto Rico, ensuring that the skills developed are directly applicable to the local context. The inclusion of advanced topics such as change management and transformational leadership reflects the institute’s commitment to providing a holistic education that prepares professionals to not only manage projects but to lead transformational change within their organizations and communities. Dr. Roberto Seijo, the Dean of the College of Business Administration at UPR-Mayagüez, has been instrumental in bringing this vision to life. His leadership within EDUCON, the university’s continuous education unit, has ensured that the PMTL Institute’s offerings are aligned with the highest academic standards while remaining accessible to professionals across the island. This combined effort has created a powerful platform for professional growth and development in Puerto Rico. Be a Part of the Change Now is the time to make a difference. The Project Management & Transformational Leadership Institute is your gateway to becoming a leader in Puerto Rico’s ongoing transformation. Whether you are an aspiring project manager, a seasoned professional looking to enhance your skills, or someone passionate about driving positive change, this institute offers the tools and knowledge you need to succeed. Join us at the PMTL Institute and become part of the movement that is shaping the future of Puerto Rico. Enroll today, and take the first step towards a brighter, more resilient tomorrow. About TEAM 1144 TEAM 1144, led by Nesty Delgado, is a leading project management firm dedicated to innovative solutions and strategic development in Puerto Rico. The company has successfully managed high-impact projects, contributing to the island's progress and resilience. Media Contact TEAM 1144 Email: pmtlinstitute@team1144.cominfo@team1144.com Phone: (787) 123-4567 Website: https://team1144.com/ Audience Engagement We aim to engage professionals, students, and stakeholders interested in project management and transformational leadership. Our goal is to inspire participation and highlight the positive impact of this initiative. Measure Results We will measure the success of this PR through media coverage, social media engagement, website traffic, and inquiries about the Institute. Media Relations Our media relations strategy includes distributing this release to major news outlets, industry publications, and relevant blogs to maximize coverage and visibility. Brand Awareness This PR is part of our broader strategy to boost Nesty Delgado’s brand awareness and highlight TEAM 1144's contributions to Puerto Rico. Business Growth By showcasing our commitment to education and leadership development, we aim to attract new clients, partners, and opportunities for business growth. Crisis Communications & Management We are prepared to address any issues that may arise and ensure clear, transparent communication to maintain trust and credibility. Executive Thought Leadership Nesty Delgado will continue to provide thought leadership through articles, speaking engagements, and participation in industry events. Contact & Follow-Up For more information or to schedule an interview with Nesty Delgado, please contact info@team1144.com. Contact Details Nesty Delgado info@team1144.com

September 12, 2024 11:47 AM Eastern Daylight Time

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Flash Transforms Parking at Denver International Airport

Flash

Flash, the leading end-to-end parking technology platform, announced today it has completed an overhaul of public and employee parking at Denver International Airport (DEN) through a contract the City and County of Denver awarded in August 2024. In just 22 days, Flash deployed its platform across the airport’s nine public and employee parking garages and lots, bringing a state-of-the-art parking experience to DEN’s 40,000 employees and the 77.8 million passengers they serve annually. "Flash’s commitment to DEN has been tremendous and we look forward to a bright future that provides innovative solutions to improve the customer experience," said Mark Nagel, Senior Vice President of Parking and Commercial Transportation, Denver International Airport. In its first few weeks of deployment, DEN reports improved traffic flow and reduced wait times for vehicles entering and exiting the airport’s parking facilities. DEN’s deployment of Flash’s platform spans 144 lanes and features 137 kiosks, 97 license plate recognition (LPR) lanes, and 49 automatic vehicle identification (AVI) lanes. With the new AVI lanes, employees can enter and exit automatically in seconds via vehicle-mounted passes that require no interaction with their phones or kiosks. “DEN is the sixth busiest airport in the world and sees millions of parking transactions each year, requiring the highest service level,” said Flash CEO Dan Sharplin. “Our technology breadth and industry-leading scale, plus our maniacal focus on the driver experience, made us confident we could support DEN’s traffic volumes and service levels while getting passengers and employees through parking transactions quickly, and it’s hugely gratifying to see it live.” DEN also benefits from the Flash platform’s design as an enhanced cloud-based parking solution. In the event of an internet, payment processor, network or cloud disruption, the platform maintains continuous operations and critical payment processing capabilities so the airport’s parking facilities stay up and running. About Flash Flash is a pioneering technology company bringing seamless parking and EV charging experiences to drivers through a first-of-its-kind digital ecosystem. Flash’s platform connects reservable parking and charging in the apps drivers use every day with garage, surface lot, event, and valet parking locations—connected and controlled via a cloud-based operating system with unrivaled intelligence. Customer-obsessed brands partner with Flash to deliver digital, easy-to-use, reliable, and increasingly frictionless experiences to drivers eager to pay for a solution that eliminates wasted time, excess emissions, and stress. The solution has arrived.. Visit www.flashparking.com to learn more. Contact Details Ray Young +1 512-694-6097 ray@razorsharppr.com Company Website https://www.flashparking.com/

September 12, 2024 09:00 AM Central Daylight Time

MANDUKA® Launches the Dhara Yoga Apparel Collection for Women

Manduka

Manduka, creators of high performance yoga gear and the #1 choice of yoga teachers worldwide, revealed today its Dhara collection, a five-piece line of foundational yoga apparel designed for comfort, movement, and sustainability. Honoring a request from the yoga community to provide apparel they can feel good about wearing and how it is made, the Dhara collection was created with the highest standards in performance and sustainability. It’s the newest drop in the company’s plan to set the benchmark for environmentally conscious leadership in the performance wellness industry through 2025. The Dhara Collection offers a simple and easy to wear combination of premium quality, sustainability, and performance in yoga apparel. It’s designed with 88% recycled materials, a difference you can actually feel when wearing. The collection is also free from many of the harmful chemicals that can be found in other performance wear like pesticides, BPA, PFAS and formaldehyde. Technical, breathable and buttery soft, it addresses the demand for thoughtfully designed activewear that doesn’t compromise on style or functionality. “Manduka is on a path to elevate the performance and sustainability of its hardgoods and apparel lines over the next several years,” said Pamela Levine, CEO Manduka. “You will see Manduka build on its legacy of creating soulfully engineered products through usage of renewed materials, innovative manufacturing methods, and pre and post consumer waste reduction efforts. We are excited to unveil the Dhara collection as the first in this roadmap to further seamlessly integrate Manduka’s high-performance standards with a deep commitment to sustainability at a level not yet seen in the industry.” The translation of Dhara means earth with an homage to create a product with attention to the recycled materials that make up this collection. The timeless pieces are designed to offer a second skin feel that enhances your practice and doesn’t distract. The Dhara collection is made up of five ultra-soft pieces including: Dhara Bra - sleek, supportive pullover bra with four-way stretch. Features a flattering scoop neckline, low open back, and hidden underbust band. Dhara Capri Legging - high waisted fit and sleek styling makes it a versatile cropped legging with long lasting comfort. Dhara Tank - sophisticated racer back tank with a modest cropped fit. Designed with a double-knit construction with four-way stretch allows you to flow effortlessly. Dhara Legging - high waisted fit and sleek styling makes it a versatile legging with long lasting comfort. Created with a matte finish fabrication and four-way stretch ensure you move effortlessly and feel at one with your body. The Dhara collection is available in a range of colors like Avian Heather, Clay Heather, Midnight Heather, Phantom and Lions Mane and has an MSRP of $58-$90. The line will be available through www.manduka.com yoga studios and select national retailers. About Manduka Manduka was founded in 1997 with the simple idea that a better yoga mat could make a world of difference. For generations, Manduka has revolutionized the yoga space by providing purposefully crafted products that enable a more joyful practice, whatever that looks like for you. The brand's name pays homage to the Mandukasana, a challenging, thought-provoking, and freeing pose that inspires joy, laughter, and simplicity. Their loyal community of teachers, yogis and enthusiasts have been cultivated by the quality, intentionality, durability, and performance of their Mats and yoga accessories. Their unparalleled craftsmanship and sustainability efforts remain celebrated widely in wellness communities throughout the world. From their teacher-recommended PRO Series Mat to their Free Online Yoga Classes, Manduka is on a mission to inspire daily practice in all its modern forms for those seeking connection to self and humbly works in service of the community. Practice On. Website | Instagram | TikTok | YouTube Contact Details Harmonica Amber Cardullo amber@harmonica.co Company Website https://www.manduka.com

September 12, 2024 09:01 AM Eastern Daylight Time

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ASSOCIATION OF PICKLEBALL PLAYERS TO DOUBLE EVENT CALENDAR IN 2025

AOPP

The APP increases its commitment to growing the sport of pickleball with more opportunities for pro and amateur players, stronger investment in player development initiatives and more national television exposure for APP Tour events The Association of Pickleball Players (APP) has announced a dramatic expansion of its 2025 tournament calendar featuring nearly 50 world-class competitions throughout the year. Beginning in January 2025, the APP’s seventh year will showcase its most robust calendar ever and celebrates its first year at its state-of-the-art headquarters at The Fort in Fort Lauderdale, Fla. “The APP has enjoyed a strong 2024, positioning us perfectly for even more significant growth in 2025,” commented APP Founder Ken Herrmann. “The experiences the APP provides for pickleball players, across all ages and all abilities, sets the standard in pickleball worldwide. We remain committed to delivering the absolute best experience for all players and paving the way for America’s future pickleball stars. As we continue to grow, we are leading the world in the sport’s development.” Expanded Opportunities for Pros and Amateurs The APP Tour is meeting the increased demand for opportunities to play across all ages and skill levels by doubling competitions in 2025, highlighted by: 14 nationally televised APP Tour events – with increased prize purses – will include four APP Tour Majors, eight USA Pickleball “Golden Ticket” tournaments, the APP Women’s Open presented by The James and the APP U.S. Collegiate Championships More than 20 new APP Tour competitions serving tens of thousands of pickleball players at the pro and amateur level across the United States, including the return of the AARP Champions Cup and the APP Atlantic Cup More Nationally Televised Events The APP Tour also is expanding its industry-leading linear broadcast schedule to more than 55 hours in 2025. This includes 14 nationally televised APP Tour events, giving the nation’s top pickleball pros unprecedented visibility on a national stage. Pickleball fans across the country will enjoy unparalleled access to the sport’s most competitive matches, allowing them to experience the excitement firsthand. “We’re thrilled to provide more fans with access to pickleball’s biggest moments, helping elevate the sport to new heights,” said APP Chief Marketing Officer Tom Webb. “Expanding our linear TV coverage in 2025 is not only a testament to pickleball’s growing national appeal but also crucial in giving our pro players the platform they deserve while driving the sport’s continued growth across the country.” Player Development Initiatives The APP's commitment to player development and growing the game among youth pickleball players is unmatched, as demonstrated by an expanded APP Next Gen schedule in 2025. Aspiring pickleball professionals aged 23 and younger will have the opportunity to participate in four APP Next Gen Series events and four APP Next Gen II events, competing for prize money while receiving mentorship from top APP Tour professionals. This is accompanied by the APP Academy’s January launch at The Fort, the APP’s global headquarters in Fort Lauderdale, FL. This marks the world’s first pickleball academy, offering pickleball training and development rooted in the same spirit as development academies in the racquet sports world. The APP Academy will provide a platform for aspiring APP Next Gen, APP Collegiate and junior pickleball players ages 12-18. Further details will be announced this Fall. International Events The global expansion of competitive and recreational pickleball remains a priority for the APP, which is proud of its status as the primary steward of the sport’s rapid international growth. The APP’s 2025 initiatives will support several international events, with the full slate to be announced later. Stay Connected with the APP The pickleball community can stay in the know on the latest APP updates by following the APP’s Instagram, X, Threads, TikTok, Facebook and LinkedIn channels. The complete 2025 APP event schedule—including dates, locations, venues and broadcast information—will be announced in the coming weeks on theapp.global. The Association of Pickleball Players (APP) provides opportunities for pickleball players of all ages and skill levels - professionals, amateurs and recreational - to compete in world-class pickleball events for the opportunity to win prize money and be seen on more than 40 hours of nationally televised pickleball action on CBS Sports, ESPN and FOX Sports. Since its launch in 2019, the APP has operated the first and only pro and amateur pickleball tour fully and officially sanctioned by USA Pickleball and became the first pickleball organization ever to establish an official headquarters and training center with The Fort in Fort Lauderdale, Fla. The APP Tourâs 2024 schedule features the most robust pickleball showcase across pro and amateur competitions, with 20 events across the country offering various combinations of single, doubles and mixed doubles play as well as pro team competitions. The APP prides itself on growing the game and developing the next generation of pickleball champions through its nationwide network of APP UTR Sports Pickleball Leagues, and the Doubles Dink for Cancer fundraising program benefitting the American Cancer Society; support of international pickleball events and the APPâs Atlantic Cup, featuring Team USA vs. Team Europe; and youth initiatives including the APP Junior Circuit, APP Next Gen Series and APP Next Gen U.S. National Team. The 2024 tournament schedule, recent news and additional information about the APP are available at theapp.global and on Instagram, X, Threads, TikTok, Facebook and LinkedIn. APP Media Contact: Daniel Sagerman at dsagerman@theapp.global or (847) 800 8182 Contact Details Daniel Sagerman +1 847-800-8182 dsagerman@theapp.global Company Website https://theapp.global

September 12, 2024 08:00 AM Central Daylight Time

TEAM 1144's New Initiative lead by Nesty Delgado: Launch of the Project Management & Transformational Leadership Institute

UpVenturemedia

PR Content Nesty Delgado // CONTENT BRIEF TEAM 1144's New Initiative lead by Nesty Delgado: Launch of the Project Management & Transformational Leadership Institute In a landmark partnership, TEAM 1144, led by project management international speaker, educator, and consultant Nesty Delgado, and the University of Puerto Rico-Mayagüez (UPR-Mayagüez) have joined forces to launch the Project Management & Transformational Leadership Institute (PMTL Institute). This collaboration represents a significant advancement in Puerto Rico’s educational landscape, specifically in project management and transformational leadership, two fields critical to the island’s future. UPR-Mayagüez, celebrated for its outstanding School of Engineering, is the ideal partner for this initiative. The university’s reputation as the top academic institution in Puerto Rico and its commitment to excellence made it the perfect collaborator for TEAM 1144’s vision. Nesty Delgado, a proud alumnus of UPR-Mayagüez and founder of TEAM 1144, personally signed the agreement with the university’s Rector, Dr. Agustín Rullán Toro, and Dr. Roberto Seijo, Dean of the College of Business Administration. This moment marked not just a professional achievement, but a deeply personal one for Nesty Delgado, who has long held his alma mater in high regard. “The PMTL Institute aims to provide top-tier education and professional development opportunities in project management, transformational leadership, and change management. The institute’s programs are meticulously designed to equip professionals with the skills and knowledge necessary to lead complex projects, particularly those related to Puerto Rico’s ongoing reconstruction and resilience efforts. The initiative is not just about education; it’s about empowering a new generation of leaders who will drive Puerto Rico’s future forward.” Said Alba Norys De Leon, president of AblaTek, an important strategic ally in this endeavor. The Importance for Puerto Rico Puerto Rico is at a critical juncture in its history. With billions of dollars in public and private investment flowing into the island for infrastructure projects, there is a pressing need for skilled professionals who can lead these initiatives effectively. The PMTL Institute is positioned to play a pivotal role in addressing this need. Under Nesty Delgado’s guidance and TEAM 1144 experiences in several projects around the Island, the institute will offer a comprehensive curriculum that blends leadership skills and theoretical knowledge with practical application, ensuring that graduates are fully prepared to take on leadership roles in the island’s transformation. The signing of the agreement also received significant support from government leadership, with the Secretary of the Department of Economic Development and Commerce, Mr. Manuel Cidre, playing a key role in endorsing the initiative. His participation underscores the importance of this collaboration for Puerto Rico's economic future, aligning with the government’s broader efforts to drive the island’s recovery and growth through strategic investments in education and professional development. The support from such high levels of government reflects the far-reaching impact this initiative is expected to have. TEAM 1144 and UPR-Mayagüez: A Partnership for Progress This collaboration between TEAM 1144 and UPR-Mayagüez is a testament to what can be achieved when the private sector and academia come together with a shared vision. The institute’s programs are tailored to the unique challenges and opportunities facing Puerto Rico, ensuring that the skills developed are directly applicable to the local context. The inclusion of advanced topics such as change management and transformational leadership reflects the institute’s commitment to providing a holistic education that prepares professionals to not only manage projects but to lead transformational change within their organizations and communities. Dr. Roberto Seijo, the Dean of the College of Business Administration at UPR-Mayagüez, has been instrumental in bringing this vision to life. His leadership within EDUCON, the university’s continuous education unit, has ensured that the PMTL Institute’s offerings are aligned with the highest academic standards while remaining accessible to professionals across the island. This combined effort has created a powerful platform for professional growth and development in Puerto Rico. Be a Part of the Change Now is the time to make a difference. The Project Management & Transformational Leadership Institute is your gateway to becoming a leader in Puerto Rico’s ongoing transformation. Whether you are an aspiring project manager, a seasoned professional looking to enhance your skills, or someone passionate about driving positive change, this institute offers the tools and knowledge you need to succeed. Join us at the PMTL Institute and become part of the movement that is shaping the future of Puerto Rico. Enroll today, and take the first step towards a brighter, more resilient tomorrow. About TEAM 1144 TEAM 1144, led by Nesty Delgado, is a leading project management firm dedicated to innovative solutions and strategic development in Puerto Rico. The company has successfully managed high-impact projects, contributing to the island's progress and resilience. Media Contact TEAM 1144 Email: pmtlinstitute@team1144.cominfo@team1144.com Phone: (787) 123-4567 Website: https://team1144.com/ Audience Engagement We aim to engage professionals, students, and stakeholders interested in project management and transformational leadership. Our goal is to inspire participation and highlight the positive impact of this initiative. Measure Results We will measure the success of this PR through media coverage, social media engagement, website traffic, and inquiries about the Institute. Media Relations Our media relations strategy includes distributing this release to major news outlets, industry publications, and relevant blogs to maximize coverage and visibility. Brand Awareness This PR is part of our broader strategy to boost Nesty Delgado’s brand awareness and highlight TEAM 1144's contributions to Puerto Rico. Business Growth By showcasing our commitment to education and leadership development, we aim to attract new clients, partners, and opportunities for business growth. Crisis Communications & Management We are prepared to address any issues that may arise and ensure clear, transparent communication to maintain trust and credibility. Executive Thought Leadership Nesty Delgado will continue to provide thought leadership through articles, speaking engagements, and participation in industry events. Contact & Follow-Up For more information or to schedule an interview with Nesty Delgado, please contact info@team1144.com. Contact Details Nesty Delgado info@team1144.com

September 12, 2024 09:00 AM Eastern Daylight Time

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This EV-Based Small Cap Has Partnerships With Walmart, NASA And The U.S. Postal Service – Is It On Your Radar?

Benzinga

By Meg Flippin, Benzinga Canoo Inc. (NASDAQ: GOEV), a high-tech advanced mobility company bringing electric vehicles – namely lifestyle delivery vehicles – to commercial operators, seems to have made strides in its quest to create a state-of-the-art EV commercial fleet. The company has inked deals with some of the biggest names in the U.S., including Walmart Inc. (NYSE: WMT), the U.S. Postal Service, the Department of Defense and even NASA. So what makes these large industry players and government agencies want to partner with a relatively unknown brand? After all, Canoo doesn’t have the name recognition of Tesla Inc. (NASDAQ: TSLA). However, it does have scalable technology, which it says sets it apart. EV Is Here to Stay Over the long haul, electric fleets for commercial and government customers have a lower total cost of ownership and don’t require costly fuel. But Canoo says it takes it a step further by using one-third the parts of traditional internal combustion engines (ICEs). The maintenance schedule is almost an afterthought thanks to its advanced computer architecture, which in most cases, can remotely diagnose and repair its EVs via over-the-air (OTA) software. The company also offers a warranty that covers up to eight years, something not common in the auto industry. Canoo is going after the last-mile delivery market with its fully electric Lifestyle Delivery Vehicles (LDV). The LDVs have a last-mile delivery optimized cabin and customized cargo space. Last-mile delivery refers to the very last step of the delivery process when a parcel is moved from one location to another. Canoo reports that it utilizes true steer-by-wire technology, reducing moving parts and cabin intrusion – resulting in more usable interior space, better driver ergonomics and the addition of a panoramic window to improve road visibility. The LDV is engineered for high-frequency stop-and-go deliveries and speedy vehicle-to-door drop-off, including grocery and food/meal delivery, says Canoo. Walmart Is In All those attributes are part of what led Walmart to select Canoo as its EV fleet provider. Walmart inked a deal to purchase 4,500 all-electric delivery vehicles from Canoo, beginning with the LDV. The retailer has the option to purchase up to 10,000 units. The vehicles are to be used to deliver online orders in a sustainable way which will also contribute to Walmart’s goal to achieve zero emissions by 2040, the companies said when originally announcing the deal. Canoo is headquartered in Justin, TX, and operates manufacturing sites in Oklahoma. While that is Canoo’s biggest order to date, the company is also making inroads with the U.S. government, inking deals with NASA, the Department of Defense and the U.S. Postal Service. All have the potential to expand into something more. Take the U.S. Post Office deal for starters. The postal service agreed to buy six right-hand drive versions of the LDV 190 as part of its move to electrify and modernize the postal service’s delivery fleet. Canoo delivered the vehicles this May, and the USPS is using them on mail routes. Additionally, the USPS is investing $40 billion to upgrade and improve the organization's processing, transportation and delivery networks. If it likes what it sees from Canoo, that could mean more purchases down the road. Meanwhile, NASA had also purchased three Crew Transportation Vehicles (CTVs) to transport the astronauts to the launch pad for the Artemis lunar missions. The CTVs are engineered to carry fully suited astronauts, flight support crew and equipment to the launch pad. “We are thrilled to be a part of the Artemis missions and to deliver NASA’s first zero-emission built for mission crew transportation vehicles,” said Tony Aquila, Chairman and CEO of Canoo. “It’s a very proud day for Canoo and all of our partners who worked so hard to ensure we perform our part to transport the astronauts for the first nine miles of every launch.” Beyond LDVs Beyond electric vehicles, Canoo is busy supplying batteries to the Department of Defense, expanding a deal with the U.S. Navy. Canoo’s proprietary battery system is modular and can support various military applications and configurations. The batteries harbor 5kWh modules that utilize 2170 cylindrical cells, but can fit other form factors and cell chemistries. The company says the expansion of the partnership further validates its technology and reliability. It is also delivering the Light Tactical Vehicle (LTV) to the U.S. Army. From fully electric vehicles that can transport cargo, goods and people to batteries powered by wind and solar, Canoo is doing its part for a greener tomorrow. It may not be a household name yet, but with some big-name players as partners, it's one investors may want to keep an eye on. Keep a look out for more Canoo Inc. announcements here. Featured photo courtesy of Canoo. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 12, 2024 09:00 AM Eastern Daylight Time

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The New Lithium Environment: How Atlas Lithium Could Be Poised To Capitalize On A Possible 2025 Demand Surge

Benzinga

By Mangeet Kaur Bouns, Benzinga In recent years, lithium has been at the center of the clean energy revolution, driven by its key role in powering electric vehicles (EVs) and other high-demand technologies like energy storage and consumer electronics. Lithium demand surged as many companies have focused on shifting toward greener solutions, leading to soaring prices during the EV boom. However, over the past year, lithium prices have plummeted due to oversupply, with some contracts seeing declines of nearly 90%. While this sharp drop may have concerned many, some market experts predict that lithium demand could strengthen significantly in the coming years, offering a potential window of opportunity for long-term investors to acquire shares in lithium companies at potentially attractive valuations. Companies participating in the supply chain, like Atlas Lithium (NASDAQ: ATLX), could be key players as the market recovers. Lithium’s Sharp Price Decline: A Potential Opportunity? Lithium prices saw an extraordinary boom, particularly between 2021 and 2022, as the global demand for EVs skyrocketed. However, the rapid expansion of lithium production – especially in China – has led to an oversupply situation. As producers ramped up capacity to meet anticipated demand, prices plummeted. Lithium hydroxide, for example, which hit a peak of $85,000 per metric ton in 2022, now trades at approximately $12,000 per metric ton. Similarly, lithium carbonate contracts, which exceeded $40,000 per metric ton just last year, have dropped to around $13,000 per metric ton. This steep decline has shaken confidence in the market, but it could also present a value-buying opportunity. Investors willing to look beyond the short-term oversupply concerns may find the current low prices of some players an appealing entry point. Why Lithium Demand May Rebound In 2025 While supply imbalances have driven down prices, the McKinsey Battery Insights team argues that the demand side of the equation is set for a resurgence, primarily fueled by the accelerating shift toward electric mobility and renewable energy solutions. By 2025 and beyond, the team argues that several key factors could drive a significant increase in lithium demand: Electric vehicle adoption: Some governments are pushing aggressive policies aimed at reducing carbon emissions, and EVs are central to some of these efforts. The U.S. Inflation Reduction Act, the EU’s upcoming ban on internal combustion engine vehicles by 2035 and China’s aggressive EV policies could drive a surge in EV sales. As more automakers transition to electric fleets, demand for lithium-ion batteries, the core component of EVs, could soar. McKinsey predicts that by 2030, up to 90% of passenger vehicle sales in key markets like the U.S., Europe and China could be electric. Energy storage and green energy: Beyond EVs, lithium’s role in renewable energy storage could also play a significant role in future demand. As solar and wind power generation grow, large-scale battery storage solutions will be necessary to store and distribute energy. Lithium-ion batteries are the dominant technology in this space. Technological advancements and policy support: Battery technology improvements could support this demand growth. According to McKinsey's Battery Insights team, global demand for lithium-ion batteries is projected to increase dramatically over the next decade, growing from 700 gigawatt-hours (GWh) in 2022 to an astounding 4.7 terawatt-hours (TWh) by 2030. Long-term demand projections: Data from Statista anticipates that global demand for lithium will surpass 2.4 million metric tons of lithium carbonate equivalent by 2030, doubling from projected 2025 levels. This increase suggests that the current price drop is likely temporary, with supply needing to catch up as demand potentially surges over the next decade. Atlas Lithium: A Potential Play On The Lithium Rebound Amid this shifting landscape, Atlas Lithium could be one company to consider for playing a potential increase in the value of lithium. Based in Brazil, Atlas Lithium says it is advancing its hard-rock lithium project in Minas Gerais, which is among the largest lithium exploration projects in the country. Atlas Lithium argues that its strategic advantage lies not only in its sizable resource base but also in its efficient technological approach to lithium processing. The company is preparing to ship its fabricated modular dense media separation (DMS) lithium processing plant from South Africa to Brazil. This technology is designed to separate lithium-bearing spodumene from other materials, providing a high-grade lithium concentrate crucial for battery production, the company says. Atlas Lithium argues that the DMS plant represents a significant step for Brazil’s lithium industry with a modular design that allows for efficient transportation and installation. Phase 1 of the project aims to produce up to 150,000 tonnes per annum (tpa) of 5.5%-6% battery-grade spodumene. Atlas Lithium’s Position In The Global Supply Chain Atlas Lithium notes that the DMS technology it uses reduces water consumption significantly compared to traditional lithium processing methods, making it an environmentally sustainable way to produce high quality lithium. As ESG (Environmental, Social and Governance) factors become increasingly important to investors, Atlas Lithium argues that its sustainable practices could enhance its appeal. The company believes its recent progress in advancing its Brazilian operations marks a pivotal moment. The upcoming shipment of its processing plant to Brazil, packed into over 100 containers, is a testament to the logistical and operational progress that could allow Atlas to quickly capitalize on a possible new wave of lithium demand, Atlas Lithium asserts. Featured photo by Igor Omilaev on Unsplash Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 12, 2024 08:45 AM Eastern Daylight Time

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The Hidden Costs Of Wisdom Teeth Extraction And How One Innovative Company Aims To Eliminate Them

Benzinga

By Mangeet Kaur Bouns, Benzinga Each year, millions of Americans undergo the painful and often expensive process of wisdom teeth removal, a procedure so common that it has become almost a rite of passage for teens and young adults. While many assume this is just an often-necessary part of growing up, the financial and physical toll it takes is staggering. With over 10 million wisdom teeth extracted annually in the U.S., the procedure represents a significant burden on both individuals and the healthcare system. But what if this invasive surgery could be avoided altogether? A new technology developed by TriAgenics aims to do just that, offering a potential future where wisdom teeth never have to be extracted. The Financial And Physical Burden Of Wisdom Teeth Extraction Wisdom teeth removal is the most common surgery performed on teens and young adults, but for many, it can be both financially and physically taxing. The cost of removing a single impacted wisdom tooth averages around $700, with the price for extracting all four often exceeding $3,000. This doesn't even account for the potential complications that can arise – such as dry socket, infection or excessive bleeding – that often extend recovery times and lead to additional expenses. Beyond the direct costs, there's also a significant loss in productivity to consider. On average, patients miss three days of work or school following the procedure, and for some, complications can extend this downtime even further. When multiplied across the millions of patients who undergo this surgery each year, the cumulative impact is substantial. The U.S. spends nearly $5 billion annually on wisdom teeth extraction, a figure that underscores the pervasive nature of this issue. But the economic burden doesn't stop there. Patients over the age of 25 who require wisdom teeth removal face even higher costs, particularly if the teeth are impacted or infected. These cases can be more complex and riskier, often leading to more severe complications and a longer recovery period. This scenario is especially problematic for older adults, who may be more susceptible to complications, thus amplifying both the physical and financial toll. Zero3 TBA: A Potentially Revolutionary Preventative Approach TriAgenics is at the forefront of a potential paradigm shift in dental care with its Zero3 Tooth Bud Ablation (TBA) technology. Unlike traditional wisdom teeth extraction, which involves surgically removing the teeth after they have developed, Zero3 TBA is a preventative procedure designed for children ages 6 to 12. By targeting the tooth buds before they can develop into full-grown wisdom teeth, this innovative approach could eliminate the need for painful extraction entirely. TriAgenics reports that what truly sets Zero3 TBA apart is its minimally invasive nature. Based on extensive animal testing, the procedure takes just 60 to 90 seconds per tooth bud and can be completed in about 30 minutes for four tooth buds, making it significantly less disruptive than traditional extraction. Moreover, it can be performed by general dentists rather than requiring the expertise of an oral surgeon, which not only makes the procedure more accessible but could also reduce costs for patients. The potential implications of this technology are profound. By preventing wisdom teeth from forming, Zero3 TBA could save future generations from the pain, risk and financial burden associated with extraction. It represents a shift from reactive to proactive dental care, focusing on prevention rather than treatment. This approach could fundamentally change how we think about dental health and the management of wisdom teeth. A Comparative Look At Wisdom Teeth Treatment Options When evaluating the different approaches to managing wisdom teeth, TriAgenics' Zero3 TBA may have the potential to offer multiple advantages in terms of cost, risk and outcomes. Zero3 TBA: This procedure, costing approximately $950 per tooth, is the least expensive and least risky option, according to data from TriAgenics. It prevents the formation of wisdom teeth entirely, thereby eliminating the need for future extractions and the associated complications. With no significant recovery time, it promises the best long-term outcomes for patients. Prophylactic Extraction: Typically performed between the ages of 15 and 25, this approach involves removing wisdom teeth before they cause problems. While it aims to prevent more severe issues later in life, the procedure is still relatively costly – around $1,800 per tooth – and carries a moderate risk of post-operative complications. Patients often experience significant pain and a prolonged recovery period. Monitor & Treat: The most expensive and highest-risk option, this method involves regularly monitoring wisdom teeth and treating issues as they arise, which can lead to extraction later in life. With an average cost of $2,800 per tooth, it offers the worst outcomes in terms of both health and financial impact. Older patients are particularly vulnerable to complications. The key takeaway here is that while traditional methods of dealing with wisdom teeth – such as prophylactic extraction or the monitor-and-treat approach – can carry considerable risks and costs, Zero3 TBA seems to stand out as a safer, more cost-effective solution based on the information highlighted above. It has the potential to redefine how wisdom teeth are managed, shifting the focus from reactive surgery to proactive prevention. TriAgenics: The Potential To Transform The Future Of Dental Care TriAgenics could be strategically positioned to revolutionize the dental industry with its Zero3 TBA technology. The company believes this innovation represents the future standard of care for managing wisdom teeth, and its confidence is backed by a 100% success rate in animal trials and a robust intellectual property portfolio that includes 32 U.S. and international patents. With more than $11.5 million in capital raised, TriAgenics is now preparing for FDA 510(k) clearance and human clinical trials, aiming to bring Zero3 TBA to market in 2025. The potential market for Zero3 TBA is vast, with the total addressable market estimated by the company to exceed $2.5 billion annually. This reflects a strong demand for a less invasive, more cost-effective solution to wisdom teeth management. Interest from oral surgeons and pediatric specialists indicates that the healthcare community could be eager for an alternative to traditional extraction, and Zero3 TBA may in that case very well be a game-changer. Click here for more information on TriAgenics and its groundbreaking Zero3 TBA technology. Featured photo by Jéssica Oliveira on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 12, 2024 08:30 AM Eastern Daylight Time

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With The Effective End Of The 6% Real Estate Commission Standard, reAlpha’s AI-Powered Homebuying Platform Hopes To Shake Up The Industry

Benzinga

By Meg Flippin, Benzinga The 6% commission standard on real estate deals is expected to be no more, potentially lowering the cost of owning a home. The change is part of a $418 million class-action lawsuit settlement against the National Association of Realtors (NAR), which was accused of inflating the fees paid to real estate agents. Thanks to the settlement, the commission is up for negotiation, which some estimate could result in a 25% to 50% decrease in commission fees that just last year cost Americans $100 billion. This change to the real estate market could also help pave the way for companies providing buyers with tools to streamline the homebuying process, such as reAlpha Tech Corp. (NASDAQ: AIRE). The Dublin, Ohio real estate technology company says it is experiencing strong growth thanks to the launch of its artificial intelligence (AI)-powered, commission-free home buying platform. Buying A Home Can Be Much Easier reAlpha’s AI platform guides users through every stage of the homebuying process and is currently available in 20 Florida counties, with plans for expansion. The platform leverages AI to help customers find homes, make an offer, get a mortgage and close the deal. With reAlpha, users pay zero buy-side commissions, and the company plans to make money by collecting closing costs of 1.2% to 2.47% via mortgage brokering, title and search and home insurance services. reAlpha’s launch comes as the AI market is taking off, forecast to grow to $1.8 trillion by 2030. Advances in machine learning and automation are enabling tech-focused companies to develop AI models that are disrupting many industries. Real estate could also use some innovation, and reAlpha is attempting to capitalize on that, hoping to disrupt the way Robinhood Markets Inc. (NASDAQ: HOOD) did with online investing or Expedia Group Inc. (NASDAQ: EXPE) did for travel. Growing Revenue For Q2 this year, reAlpha reported quarter-over-quarter revenue that rose 205%. The company also closed its buy of Naamche, Inc., a Nepal-based AI technology firm. This acquisition bolstered reAlpha's AI capabilities by adding 42 engineers, developers, analysts and UI/UX designers to its team, increasing the company’s full-time employee count from 15 to 57. reAlpha said the acquisition marks the beginning of the company’s acquisition-led growth strategy, which it said aims to revolutionize the real estate industry through cutting-edge technology. More To Come "We believe that the completion of the Naamche acquisition marked the second quarter of 2024 as the beginning of the ramp-up of our acquisition-led growth strategy," said Giri Devanur, CEO of reAlpha. "We are continuously looking for strategic acquisition opportunities that will advance our mission of bringing innovative technologies to the real estate industry. Naamche's acquisition is one of the early steps in this process." Other acquisitions include AiChat, a Singapore-based company that develops AI-powered conversational customer experience solutions and Hyperfast Title LLC., a title company that’s licensed to operate in Florida, Virginia and Tennessee. With it, reAlpha can offer title services through its platform. Now, reAlpha has added another key piece to its portfolio with the acquisition of Be My Neighbor, a mortgage broker licensed in 26 U.S. states. The company says this acquisition strengthens reAlpha’s AI-powered homebuying platform by incorporating mortgage lending and refinancing services, allowing for a more integrated and seamless customer experience. Be My Neighbor, founded by veterans, will continue to operate under its own brand while leveraging reAlpha's generative AI capabilities. This move is part of reAlpha's broader strategy to vertically integrate the homebuying process, which it says should enhance its commission-free platform and unlock new revenue streams. Looking toward the third quarter, reAlpha is forecasting quarter-over-quarter revenue growth of 140% to 170% in Q3, driven by the integration of its newly acquired companies, AiChat and Hyperfast Title. reAlpha said these acquisitions are expected to enhance its service offerings and contribute significantly to its overall revenue. Taking A Page From Constellation Software reAlpha is only just getting started. The company says it is on the hunt for even more acquisitions as it grows, taking a page from Constellation Software (TSX: CSU ), a Canadian software and services company that has a reputation for acquiring hundreds of software businesses. reAlpha says it hopes to position itself as a trailblazer in the real estate technology sector by strategically acquiring accretive real estate service and technology companies centered around its core platform. “We intend to capitalize on a significant industry shakeup created by the NAR lawsuit. We developed and launched the reAlpha platform after the settlement was announced on March 15, 2024. We are focused on continually improving the product and acquiring additional real estate service companies to unlock more potential sources of revenue,” said Devanur. “We look forward to sharing our growth and developments in the coming quarters, especially after the effects of the NAR settlement take effect on August 17, 2024,” he said. New CFO reAlpha recently announced the appointment of Brent Miller as their new Chief Financial Officer (CFO). Miller, who officially took on the role on Aug. 19, 2024, will be responsible for all financial and accounting operations at reAlpha, reporting directly to the company's president and Chief Operating Officer, Mike Logozzo. Notably, Miller brings valuable experience from his previous role as CFO and treasurer at KKR Real Estate Finance Trust Inc., a commercial mortgage real estate investment trust. During his time there, Miller played a key role in shaping the REIT’s financial strategy, including capital raising and financial reporting. His background with KKR underscores his expertise and makes his appointment at reAlpha a significant development for the company. Featured photo courtesy of reAlpha Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 12, 2024 08:25 AM Eastern Daylight Time

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