Day: July 20, 2022

Long-time Nexus Engagement and Nexus Origination customer implements Nexus Closing to provide an end-to-end, single sign-on experience for homebuyers

LEHI, Utah, July 20, 2022 (GLOBE NEWSWIRE) — SimpleNexus (https://simplenexus.com/), an nCino (NASDAQ: NCNO) company and developer of the United States’ leading homeownership platform for loan officers (LOs), borrowers, real estate agents and settlement agents, today announced that OSB Community Bank, a subsidiary of Ottawa Bancorp, Inc. (OTCQX: OTTW), has implemented SimpleNexus’ Nexus Closing™ to facilitate hybrid closings. The bank will leverage Nexus Closing alongside Nexus Engagement™ and Nexus Origination™— tools the bank has used for six years — to facilitate a ‘from anywhere’ borrower experience from application to closing.

Founded in 1871, OSB Community Bank is an Illinois-chartered commercial bank with loan officers operating out of branches in Ottawa, Marseilles and Morris, Illinois. Director of Mortgage Sales Dan Sabol credits SimpleNexus’ robust platform of digital mortgage solutions as playing an important role in OSB Community Bank’s ability to grow annual mortgage volume from $12 million to $125 million over the past six years.

“SimpleNexus provides a modern, easy-to-use interface for customers, while helping our LOs give homebuyers the personalized service that OSB Community Bank has prided itself on for more than a century,” said Sabol. “More than offering our customers a unified financing experience, Nexus Closing’s seamless integration with Nexus Engagement and Nexus Origination will enable us to operate in a more organized, efficient and productive manner.”

Nexus Engagement helps lenders and real estate agents develop relationships with early-stage homebuyers through tools such as integrated home search, instant chat and payment calculators. Nexus Origination is a comprehensive point of sale (POS) platform that enables borrowers to fill out loan applications, eSign documents, check loan status updates and pay mortgage-related charges through a feature called Nexus Pay. Nexus Closing supports all types of mortgage closings, from traditional to hybrid to full eClosings. The entire SimpleNexus suite can be accessed by borrowers, lenders and other authorized stakeholders from anywhere through a single, sign-on portal.

“For organizations producing billions of dollars in mortgage volume to community lenders like OSB Community Bank, SimpleNexus curates a frictionless homebuying experience that delights borrowers and promotes operational efficiency from start to finish,” said SimpleNexus Chief Product Officer Shane Westra. “OSB Community Bank brilliantly models how SimpleNexus can be used to keep LOs, real estate agents and homebuyers connected throughout the loan lifecycle, while achieving faster conversion times and growing origination volume.”

About SimpleNexus
SimpleNexus, an nCino (NASDAQ: NCNO) company, is an award-winning developer of mobile-first technology for the modern mortgage lender. U.S. lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate professionals, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world’s Best Workplaces for Innovators. For more information, visit https://www.simplenexus.com or follow @SimpleNexus.

Media Contacts
Leslie Colley
DepthPR for SimpleNexus
+1 678.622.6229
leslie@depthpr.com

David Bolin
SimpleNexus
+1 414.688.6077
dbolin@simplenexus.com

Safe Harbor Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC’s web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.

Both Ladies and Gold Cup Championships Were Hosted at Historic Cowdray Park Polo Club

WEST PALM BEACH, Fla. & MIDHURST, England, July 20, 2022 (GLOBE NEWSWIRE) — U.S. Polo Assn., the official brand of the United States Polo Association (USPA), again served as the Official Apparel Partner of the Cowdray Gold Cup. The event was hosted at the historic Cowdray Park Polo Club from June 21 to July 17 and is considered one of the premier polo tournaments in the world. The Gold Cup players included some of the top names in the sport of polo, including 10-goal players Adolfo Cambiaso, Facundo Pieres and Hilario Ulloa.

U.S. Polo Assn. created a Cowdray Park Capsule Collection that was sold exclusively on-site at the event in the merchandise store. The collection included U.S. Polo Assn.’s classic, sport-inspired style embellished with Cowdray colors and emblems featured on quarter-zip hoodies, hats, short-sleeve polos and T-shirts. In collaboration with Brand Machine Group (BMG), U.S. Polo Assn.’s brand partner in the U.K., the brand hosted social media contests, giveaways, and additional contests on-site for event attendees.

U.S. Polo Assn. also served as the Official Apparel Partner for the Ladies Championship, which took place July 4 to July 16 at Cowdray Park Polo Club. The iconic sport-inspired brand provided apparel for staff of both events and promoted both tournaments globally. U.S. Polo Assn. gifted the finalists of both the Gold Cup and Ladies Championships apparel from the brand’s newest line, USPA Pro. The USPA Pro line includes performance product for players, designed in collaboration with polo players.

“The historic Cowdray Gold Cup represents the tradition and heritage of the sport of polo, which is a shared distinction for U.S. Polo Assn.,” said J. Michael Prince, President and CEO of USPA Global Licensing, which manages the multi-billion-dollar U.S. Polo Assn. brand. “We are honored to continue our partnership with Cowdray Park Polo Club for this year’s events, to further connect with our U.K. consumers and sports fans who love our authentic, sport-inspired brand and the sport of polo.”

Inaugurated in 1956 and played on the illustrious Cowdray Estate boasting 16,500 acres, the Cowdray Gold Cup remains one of the most prestigious high-goal awards in the United Kingdom and globally today. Steeped in history and tradition and located in the heart of England, Cowdray Park is recognized as the Home of English Polo with its first competitive polo tournaments dating back to 1910.

“Our partnership with U.S. Polo Assn. has been a significant success for the sport of polo in the U.K., and I look forward to continuing our work together for years to come,” said Andrew Swaffield, Chairman of Cowdray Park Polo Club. “Our members and spectators were also thrilled that this year’s Cowdray Gold Cup featured an exclusive apparel collaboration with U.S. Polo Assn., the Cowdray Park Capsule Collection.”

Cowdray Park prides itself on its strong heritage of sporting excellence, welcoming some of the top polo players from around the world. Guests caught the action as VIPs or spectators and enjoy the highest level in the sport of polo while experiencing the English charm of Cowdray Park.

About U.S. Polo Assn. and USPA Global Licensing Inc. (USPAGL)

U.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the nonprofit governing body for the sport of polo in the United States and one of the oldest sports governing bodies, having been founded in 1890. With a multi-billion-dollar global footprint and worldwide distribution through some 1,200 U.S. Polo Assn. retail stores and thousands of department stores as well as sporting goods channels, independent retailers and e-commerce, U.S. Polo Assn. offers apparel for men, women, and children, as well as accessories and footwear in 190 countries worldwide. Today, U.S. Polo Assn. is ranked the 28^th largest licensor in the world and within the top five sports licensors, according to License Global magazine’s 2022 list of “Top Global Licensors.” Visit uspoloassnglobal.com.

USPA Global Licensing Inc. (USPAGL) is the for-profit subsidiary of the USPA and its exclusive worldwide licensor. USPAGL manages the global, multi-billion-dollar U.S. Polo Assn. brand and is the steward of the USPA’s intellectual properties, providing the sport with a long-term source of revenue. Through its subsidiary, Global Polo Entertainment (GPE), USPAGL also manages Global Polo TV, the world’s leading digital platform with polo and lifestyle content. In addition, USPAGL partners with ESPN and beIN Sports globally to share the sport of polo broadcasts on television and on-demand to millions of viewers around the world. For more polo content visit globalpolo.com.

About Brand Machine Group-United Kingdom

The Brand Machine Group(BMG) is an international fashion brand owner and licensing specialist, housing a diverse and industry-leading portfolio of fashion, sports and outdoor brands, including U.S. Polo Assn., across adults and childrenswear clothing and accessories. With more than 35 years of experience, Brand Machine Group specializes in global licensing, and partners with recognized market leaders to manage a seamless and collaborative process of designing, manufacturing, and delivering quality product whilst championing the DNA of its brands. Visit Brand Machine Group.

For Additional Information, Contact:

Shannon Stilson

Vice President of Sports Marketing and Media, USPA Global Licensing and Global Polo Entertainment
Phone: (561) 227-6994 – Email: sstilson@uspagl.com

Stacey Kovalsky

Senior Director of Global Communications, USPA Global Licensing
Phone: (561) 790-8036 – Email: skovalsky@uspagl.com

Related Images

Image 1: U.S. Polo Assn.

U.S. Polo Assn.

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Attachment

• U.S. Polo Assn.

Transaction Highlights:

• EV Technology Group has agreed to acquire a further 50% of MOKE International
  • The transaction is valued at US$55.1 million
  • EV Technology Group’s resultant shareholding of MOKE International will be ~67.6% following the Acquisition and will maintain an option to acquire the remaining shares of MOKE International, up to 100%

• The MOKE brand is a global icon, established in 1964 with historical sales of approximately 50,000 vehicles
  • The MOKE is an iconic car, first made famous by the likes of James Bond and Brigitte Bardot, and became popular in destinations including the South of France, Australia, and the Caribbean. It is an ideal investment for EV Technology Group as one of the first historic marques to electrify
  • MOKE International’s seasoned executive team join the Group, with experience from Rolls-Royce, Jaguar, Land Rover, BMW and McLaren
• MOKE International recently launched the Electric MOKE
  • Deliveries of the Electric MOKE have begun, with a rapidly growing waiting list
  • The Acquisition, related transactions and EV Technology Group’s expertise in electrifying iconic brands and a mission to create and redefine the joy of motoring in the electric age will allow MOKE International to rapidly expand into global markets

TORONTO, July 20, 2022 (GLOBE NEWSWIRE) — EV Technology Group Ltd. (the “Company” or “EV Technology Group”) (NEO: EVTG) (OTCQB: EVTGF) (DE: B96A) announces today that it has entered into a definitive agreement (the “Definitive Agreement”) with the shareholders of MOKE International (the “MIL Shareholders”) to acquire up to 100% of MOKE International Limited (“MIL”), its first purchase of a major iconic brand. This strategically crucial acquisition adds to EV Technology Group’s house of iconic brands, and it will continue to grow the UK-based company MOKE International, which is now introducing the Electric MOKE to the global market.

Under the terms set out in the Definitive Agreement, the Company shall pay (a) US$31.9 million to certain shareholders of MOKE International in exchange for 53% of the total issued and outstanding common shares that the Company does not currently own (the “Purchased Shares”), (b) US$21.3 million of outstanding debt of MOKE International owing to certain shareholders and (c) US$2 million to certain management of MOKE International as a transaction bonus (together, the “Acquisition”). The Company also entered into an Option Deed agreement with the MIL Shareholders which provides the Company the option, for 24 months from the date of closing, to acquire all the remaining shares of MIL at an equity value of US$120 million, subject to certain adjustments (the “Option”). The completion of the Acquisition and the Option and are subject to customary closing conditions, including any related financing, due diligence and approvals by the NEO Exchange. No finder fees are payable in connection with, and no change of control of the Company will result from the Acquisition. There can be no assurances that the Acquisition or the exercise of the Option will be completed as proposed, or at all.

The Acquisition is expected to close later in the year.

The acquisition of MOKE International Limited fits within EV Technology Group’s strategy of acquiring and then electrifying iconic brands. It is intended that this deal will provide EV Technology Group a template for further brand acquisitions and demonstrates how the capabilities of the Group can act as a catalyst for helping other brands to electrify their offerings and go to market. The seasoned executive team from MOKE International will join EV Technology Group. MIL’s executives bring with them a wealth of automotive experience in executive roles at Rolls-Royce, Jaguar Land Rover, BMW and McLaren.

MOKE International announced their plan to be one of the first owners of a heritage marque to electrify their offering. This plan will revive an iconic vehicle that first appeared in 1964 and became closely associated with the swinging sixties, with many famed celebrities being pictured behind the wheel of a MOKE in exclusive Caribbean and French locations, such as Brigitte Bardot, James Bond, and the Beatles . During its lifetime, nearly 50,000 MOKE vehicles have been sold to a global market that includes the USA, Europe, UK, Caribbean, Australia and New Zealand.

The new Electric MOKE is already winning a new generation of followers and is quickly building a long waiting list in France and the UK, via the Hendy dealership representing UK sales, and the purpose built ‘Casa MOKE’ Flagship store in Saint-Tropez operated by MOKE France. EV Technology Group wholly-own the MOKE France subsidiary, and deliveries to the South of France have already commenced. MOKE France has already generated Electric MOKE orders worth over half a million Euros in total value following the initial opening of pilot sales. EV Technology Group will soon widen its sales offering across Europe and in the USA.

Wouter Witvoet, CEO of EV Technology Group announced the acquisition today, stating, “The investment in MIL is extremely close to my heart. I first became interested in MOKE International when I tried to rent the vehicle in the South of France – I quickly discovered the joy of driving this vehicle in beautiful locales – but also the commercial opportunity given how high demand was for this iconic brand, relative to supply.

“EV Technology Group’s mission is to revitalise iconic brands and rediscover the joy of motoring in an electric age. This applies brilliantly to MOKE International as it forms the perfect start to EV Technology Group’s strategy to acquire and brands that have a loyal following and substantial brand equity. I am looking forward to helping the business expand as it enters new markets, especially in the USA. MIL has a superb future and EV Technology Group has the capabilities to support it every step of the way.”

Isobel Dando, CEO of MOKE International stated “I am proud and excited that MOKE International is becoming part of the EV Technology Group. It is the perfect Company to take our rapidly growing business to the next level with the right balance of expertise, investment, and ambition. EV Technology Group’s in-house engineering and manufacturing expertise, and customer-centric technologies will also be invaluable to us as we continue to develop the Electric MOKE and more pioneering products. I am also looking forward to working closely with Wouter and the entire EV Technology Group leadership team to further develop MOKE International and further exciting brands to come.”

About EV Technology Group

EV Technology Group was founded in 2021 with the vision to electrify iconic brands – and the mission to redefine 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/

About MOKE International

MOKE and the MOKE logo are trademarks or registered trademarks of MOKE International Limited (“MOKE International”) in the European Union and other territories. MOKE International, a company registered in England, is the only manufacturer of genuine MOKE vehicles worldwide. The mark was acquired from Casti S.p.A. and derives from the original 1964 British Motor Corporation registration. MOKE France is the official French licensee. For more information visit: https://mokeinternational.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: the Definitive Agreement, the Acquisition, the Option Deed and the Option, the terms of such transaction, closing conditions and regulatory approval and EV Technology Group’s plans, 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 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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5d4c32b0-008c-4fbc-a04c-4bdc8c637a6c

PLAISANCE, Republic of Seychelles, July 20, 2022 (GLOBE NEWSWIRE) — via InvestorWire — INGOT Global Ltd. (“INGOT”) today announces the recent obtainment of a Seychelles Financial Service Authority (FSA) license and the opening of its first physical office in the island country. The Seychelles office will strengthen INGOT’s worldwide presence while presenting premium trading services to investors from all walks of life.

The FSA license protects investors’ rights by ensuring the fair implementation of all regulations and compliance requirements of companies within Seychelles’ non-bank financial services sector. INGOT continuously strives to raise investor awareness by offering vital tips on smart trading and risk management, aligning with its mission to provide traders with a safe investing environment for achieving financial goals free from scams and fraud.

“What sets trusted brokers apart from unscrupulous ones,” says INGOT Founder Iman Mutlaq, “is having a legitimate financial license. And at INGOT, our main objective is to provide clients with an exceptional trading experience built on trust and marked by innovation, where clients can rest assured that they are trading with a reliable brokerage firm. For this reason, we are adamant about obtaining licenses from the best regulatory bodies out there, such as the FSA Seychelles, which is known for its strict restrictions designed to protect investors.”

“We are very excited to have reached this milestone,” says INGOT Director Hossam Abdelaziz, “opening a new chapter for INGOT characterized by broad growth and rapid development. Attaining this license brings us closer to realizing our vision of expanding into all regions around the world and having a robust global presence that allows us to serve clients from various countries.”

About INGOT Global Ltd.
INGOT Global Ltd. is a regulated online brokerage firm serving as middlemen between traders and global financial markets, facilitating access to premium investment opportunities. This covers varied financial instruments, including commodities, stocks, indices, ETFs and currencies. INGOT Global presents investors a unique trading experience through its competitive trading services and conditions.

Contact:
INGOT Global Ltd.
Dekk Complex, Unit 3, 2^nd Floor
Plaisance, Mahe, Seychelles
+2484345580
www.ingotbrokers.com

ROME, July 20, 2022 (GLOBE NEWSWIRE) — ITA Airways’ press conference with ENAC was held yesterday, 19 July 2022, at the Airbus Pavilion Auditorium at the Farnborough International Airshow (FIA).

During the event, were presented the results achieved in the first nine months, as well as the commitment to sustainability. Sustainability is a topic of central importance for the Italian carrier, which aims to become the greenest airline in Europe with 75% of new generation aircraft in its fleet by 2025.

Therefore, the absolute star of the event was the ITA Airways Sustainability Manifesto, a symbol of the company’s commitment to the planet and its people. The company’s sustainable strategy roadmap combines business growth with the creation of long-term sustainable values. The Manifesto demonstrates the importance of this pillar in the company’s strategy.

The press conference was chaired by Fabio Lazzerini, CEO of ITA Airways, and Pierluigi di Palma, President of ENAC, the Italian Civil Aviation Authority.

A highly regarded Italian illustrator – Emiliano Ponzi – collaborated on this occasion, turning ideas into images. Ponzi was able to interpret ITA Airways’ growth strategy, the propulsive aspect of a start-up with the desire to ‘touch the sky with one finger’. And the blue of ITA Airways’ livery harmonising with the sky in full respect of the environment: flying and integrating the ecosystem simultaneously.

Thanks to ENAC’s support, ITA Airways follows its initial goal: to make the Italian national airline an example of sustainable business. With the Manifesto, the company’s Sustainability Plan takes shape.

Furthermore, last April ITA Airways signed a Memorandum of Understanding with Airbus regarding collaboration in the field of Urban Air Mobility (UAM) in Italy. ITA Airways will in fact collaborate with Airbus to develop the ecosystem around the launch of the CityAirbus NextGen electric vertical take-off and landing (eVTOL) aircraft. The aircraft, is currently under development. ITA Airways and Airbus are identifying strategic use cases for zero emission mobility solutions and demonstrating the added value it can bring to communities.

At the end of the conference, all guests and the press were able to visit the Airbus A350 parked in the centre of the show. The new A350, dedicated to the excellence of Italian sport Enzo Bearzot, is distinguished by the flag carrier’s new contents, including the new interiors designed by Walter De Silvia, which combine elegance and sustainability. The A350 is lighter, quieter and more efficient than the previous generation aircraft. Innovative aerodynamics and a high-efficiency Rolls-Royce aircraft engine (the Trent XWB) optimise range and payload for the benefit of efficiency. Thanks to the new aircraft, ITA Airways benefits from a reduction of more than 25% in fuel consumption and CO2 emissions per passenger.

Also joining the fleet will be other new generation aircraft, such as the Airbus A220-300, scheduled to arrive in the autumn.

For more information:
LaPresse SpA Communication and Press Office Director
Barbara Sanicola – barbara.sanicola@lapresse.it

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3c66491f-aa86-4978-9a46-a337e7f5804c

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

FARNBOROUGH, United Kingdom, July 20, 2022 (GLOBE NEWSWIRE) — Leonardo and BAE Systems are actively progressing UK-Italy collaboration opportunities on the demonstrator aircraft as part of the Future Combat Air System (FCAS) programme, in the framework of a cooperation path launched by Italy and the UK in the Defence sector. This approach allows the companies of the two countries to identify shared areas of collaboration and begin joint analysis on possible activities of shared interest, after the two companies reached a collaboration agreement within the Future Combat Air System (FCAS) programme. In the same context, lies an agreement between Leonardo’s Italian and UK electronics businesses and Elettronica SpA related to demonstration activities on advanced sensors and systems.

The FCAS program pursues the development of a technologically advanced multi-domain system of systems, underpinned by highly innovative and disruptive technologies, with a 6th generation core platform, and intended for the renewal of Eurofighter fleet. This ambitious project will allow participating countries to maintain national sovereignty in the Combat Air sector, while redesigning future operational and industrial capabilities in the aerospace sector.

The collaboration between Leonardo and BAE Systems focuses on the application of Model Based System Engineering (MBSE) design methodologies and the joint development of enabling technologies for the national sovereignty of the future system. These activities are the natural evolution of the innovation processes already initiated by the partner companies, and assume strategic importance as they explore a technological frontier not yet reached by European industry.

Furthermore, in line with this strategy, Leonardo’s Italian and UK electronics businesses and Elettronica SpA have agreed to collaborate in the domain of sensors and communications, aiming to support the technological development of the FCAS project, including demonstration activities related to future on-board electronics. This initiative will deepen the established collaboration of these companies at the international level, jointly defining the potential architecture for an integrated set of sensors and communications equipment with innovative capabilities and highly integrated features.

For more information:
LaPresse SpA Communication and Press Office Director
Barbara Sanicola – barbara.sanicola@lapresse.it

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8b50dc53-a0dc-4faa-8aeb-8b709f7e1213

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

Memorandum of Understanding outlines collaboration to support the decarbonization of the steel industry by using disruptive technology and reduce carbon emissions

Zurich, Switzerland, July 20, 2022 (GLOBE NEWSWIRE) — Hitachi Energy today announces that it has signed a Memorandum of Understanding (MoU) with H2 Green Steel to leverage electrification, digitalization, and hydrogen to support the decarbonization of the steel industry.

H2 Green Steel, a Swedish industrial start-up, is on a mission to accelerate the global steel industry’s greatest technological shift by eliminating almost all of carbon dioxide (CO₂) emissions from the steel production process. It is planning to build its first fossil-free steel plant in Boden, Sweden, alongside a giga scale electrolyzer plant for the production of green hydrogen.

The MoU outlines a collaboration which is built on three (3) pillars: 1) Hitachi Energy’s equity investment in H2 Green Steel; 2) products and services from Hitachi Energy that are needed to construct and improve the electrical infrastructure to power steel production and giga scale electrolyzer plants; 3) green steel to be used in the manufacturing of Hitachi Energy’s products, once H2 Green Steel starts production.

Over the past decade, expanding steel production has increased total energy demand and CO₂ emissions¹, which contributes to about eight percent of the world’s global industrial carbon emissions².

Starting with the plant in Boden, H2 Green Steel will leverage Hitachi Energy’s capabilities to optimize customers’ value chain to plan, build, operate, and maintain the power infrastructure that includes IT and operational technology (OT). The steel production in Boden will use green hydrogen instead of coal in a fully integrated process using end-to-end digitalization, which reduces up to 95 percent CO₂ emissions compared to traditional steelmaking. This will be equivalent to removing 3 million passenger cars per year from road³.

“Achieving carbon-neutrality globally requires efforts from all industries to speed up the energy transition through collaborations,” says Johan Söderström, Head of Europe, Middle East, and Africa at Hitachi Energy. “This collaboration with H2 Green Steel is a pioneering example of how we are working together and creating additional benefits for our customers. We are supporting H2 Green Steel’s electrification project and at the same time, we are able to secure green steel for our products, which is in line with our Purpose: Advancing a sustainable energy future for all,” he added.

“The partnership we have entered into with Hitachi Energy is further reinforced by an equity investment in H2 Green Steel. The partners we choose to work with need to share our values, to make a real commitment to live up to the Paris Agreement, and to work tightly together to leverage each other’s strengths. With Hitachi Energy we have that, as well as their long history, broad experience, and innovative offerings,” says Henrik Henriksson, CEO of H2 Green Steel.

1 IEA, Iron and Steel

2 McKinsey, Decarbonization challenge for steel (World Steel Organization)

3 Based on average 160 g CO₂/km and average distance of 15,000 km

-END-

About Hitachi Energy Ltd.

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible, and secure whilst balancing social, environmental, and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 38,000 people in 90 countries and generate business volumes of approximately $10 billion USD.

https://www.hitachienergy.com

https://www.linkedin.com/company/hitachienergy

https://twitter.com/HitachiEnergy

About Hitachi, Ltd.

Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company’s consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.

About H2 Green Steel

H2 Green Steel (H2GS AB) was founded in 2020 with the ambition to accelerate the decarbonization of the steel industry, using green hydrogen. Steel, which is one of the world’s largest carbon dioxide emitters, is the company’s first business vertical. The founder and largest shareholder of H2 Green Steel is Vargas, which is also co-founder and one of the larger shareholders in Swedish battery maker Northvolt. H2 Green Steel is headquartered in Stockholm, Sweden, with its first green steel plant under development in Boden, northern Sweden. www.h2greensteel.com

Attachments

• Johan Söderström
• Henrik Henriksson

Jocelyn Chang
Hitachi Energy Ltd.
+41 79384 7775
jocelyn.chang@hitachienergy.com

• Al Rajhi Bank Malaysia is implementing Feedzai’s RiskOps platform to handle the challenges of Identity, Real-Time Data, and Collaboration across the entire customer lifecycle.
• This partnership is part of Al Rajhi Bank Malaysia’s continuous effort to build a digital bank and become the #1 Islamic innovation bank in Malaysia.

SAN MATEO, Calif. and LISBON, Portugal, July 20, 2022 (GLOBE NEWSWIRE) — Feedzai, the world’s first RiskOps platform for financial risk management, and Al Rajhi Bank Malaysia (ARBM) have announced a partnership which will see Feedzai’s leading RiskOps solution implemented onto the platform.

“We are delighted that Al Rajhi Bank Malaysia has selected Feedzai as a trusted partner. In addition to providing the highest level of financial security for ARBM and their customers, our unified RiskOps platform will ensure that their teams have a single platform to handle everything fraud and financial crime-related,” said Nuno Sebastião, CEO at Feedzai. “By selecting a single, scalable solution that is already trusted by many of the world’s largest banks, Al Rajhi Bank Malaysia will ensure its customers are well protected against financial crime such as money laundering or scams which ultimately erode consumer trust in the financial system.”

Since 2021, ARBM set its vision to become the #1 Islamic innovation bank in Malaysia and initiated its digital transformation by building a digital bank. The bank is committed to invest in a customer-focused approach and to emerge as the leader in the Islamic banking industry while delivering greater value to their customers and deepening financial access and relevance.

Arsalaan (Oz) Ahmed, Chief Executive Officer, Al Rajhi Bank Malaysia, added “Al Rajhi Bank Malaysia is launching a state-of-the-art digital bank which will be differentiated by its high levels of innovation, customer-centricity and reliability. Our strategic key partners have enabled us to tap into the vast potential of cutting-edge technology to help advance towards our vision of becoming the #1 Islamic finance innovation bank in Malaysia. Feedzai was the stand-out provider to meet all our financial crime prevention needs in keeping our customers safe and secure in an ever evolving financial crime landscape. The partnership with Feedzai is in line with our commitment to innovation and reimagining the 21^st century banking experience.”

Feedzai’s RiskOps meets key industry challenges to seamlessly solve for Identity, Real-Time data, and collaboration across the customer lifecycle whilst increasing productivity and enabling financial services companies to deliver better outcomes for their customers. RiskOps by Feedzai fully integrated cloud offering, covers device authentication, malware defense, behavioral biometrics (along with a package of fraud detection scenarios from scams to account takeover) and a full suite of integrated Fraud and AML solutions from Customer Due Diligence to Watchlist Screening and Transaction Monitoring.

Feedzai is also continuing to strengthen its presence and team in the region and recently announced Cormac Sheedy as the new General Manager for the Middle East & Africa. Sheedy has over 25 years of experience as a sales director at the crossroads between financial services and technology. He joins Feedzai from Irish regulation technology firm Fenergo, where he was head of MENA Sales.

About Feedzai:
Feedzai is the world’s first RiskOps platform, and the market leader in safeguarding global commerce with today’s most advanced cloud-based risk management platform, powered by machine learning and artificial intelligence. Feedzai is securing the transition to a cashless world while enabling digital trust in every transaction and payment type. The world’s largest banks, processors, and retailers trust Feedzai to protect trillions of dollars and manage risk while improving the customer experience for everyday users, without compromising privacy. Feedzai is a Series D company and has raised $282M to date. With a valuation of +$1.5B, the company’s technology protects 900 million people in 190 countries. For more information, visit feedzai.com

About Al-Rajhi Banking & Investment Corporation (Malaysia) Bhd (ARBM)
ARBM, a wholly owned subsidiary of the world’s largest Islamic Bank, Al Rajhi Bank Kingdom of Saudi Arabia (KSA) was locally incorporated in October 2006. Following its official launch in 2007, ARBM became the first Arab bank to start its operation in South East Asia, as part of a Shariah compliant banking group that is instrumental in bridging the gap between modern financial demands and intrinsic values, whilst spearheading numerous industry standards and development.

At ARBM, we believe that the one thing that holds the world together as people of different nationalities, races and cultures are values. Values define us, unite us, and garner trust from those we serve. Deeply rooted in Islamic banking principles and operating on the same platform as its home bank, ARBM was established on the bedrock values of Integrity and Transparency, Passion to Serve Our Customers, Solution Oriented, Modesty, Innovativeness, Meritocracy and Care for Society.

ARBM continuously endeavors to expand its suite of products and services to meet the financial needs of its customers, delivering innovative Shariah compliant financial solutions across retail, corporate, treasury and investment segments. Today, ARBM operates through a distribution network of 16 branches nationwide.

Media Contact
Marlene Kaur
Al-Rajhi Bank Malaysia 
marlene.kaur@alrajhibank.com.my
Tel: +603 2301 7413   

Feedzai
pr@feedzai.com