Intelligent Systems Announces Name Change to CoreCard

NORCROSS, Ga., Dec. 15, 2021 (GLOBE NEWSWIRE) — Intelligent Systems Corporation (NYSE: INS), the leading provider of innovative credit technology solutions and processing services to the financial technology and services market, announced today that it is changing its name to CoreCard Corporation.

The Company anticipates its common stock will begin trading using new ticker symbol "CCRD" at the commencement of trading on December 29, 2021, and that its common stock will continue to trade on the NYSE under the symbol "INS" until the closing of trading on December 28, 2021.

The Company's corporate structure will not be changing, nor will its financial reporting.

Leland Strange, CEO and Chairman, stated, "This change highlights our goal to grow our industry leading revolving credit platform as the primary business of the company. Intelligent Systems Corporation was one of the early public technology companies with its IPO in 1980 and over the years it has founded, invested, and grown many technology brands including Peachtree Software and Quadram Corporation. CoreCard was one of our investments and trading under our new name reflects the singular long–term focus to growing CoreCard and delivering value to shareholders."

About CoreCard Corporation

CoreCard Corporation is a pioneering card management platform built for the future of global transactions in a digital world. Dedicated to continual technological innovation in the ever–evolving payments industry backed by decades of deep expertise in credit card offerings, CoreCard helps customers conceptualize, implement, and manage all aspects of their issuing card programs. Keenly focused on steady, sustainable growth, CoreCard has earned the trust of some of the largest companies and financial institutions in the world, providing truly real–time transactions via their proven, reliable platform operating on private on–premise and leading cloud technology infrastructure.

Further information is available on the company's website at www.corecard.com or by calling the company at 770–381–2900.

Forward–Looking Statements

The forward–looking statements in this press release are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The Company's actual results could differ materially from those indicated by the forward–looking statements because of various risks and uncertainties including those listed in Item 1A of the Company's Annual Report on Form 10–K and in the Company's other filings and reports with the Securities and Exchange Commission. All of the risks and uncertainties are beyond the ability of the Company to control, and in many cases, the Company cannot predict the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward–looking statements. When used in this press release, the words "believes," "plans," "expects," "will," "intends," "continue," "outlook," "progressing," and "anticipates" and similar expressions as they relate to the Company or its management are intended to identify forward–looking statements. Except as required by law, the Company is not obligated to publicly release any revisions to these forward–looking statements to reflect the events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.


Youth at Forefront of Climate Change Action Will Make Biggest Impact

Gladys Habu on the beach in the Solomon Islands. She has filed a deeply personal story about how climate-change-induced sea-level rises have submerged her grandparents’ island home. Credit: Commonwealth Secretariat

By Joyce Chimbi
Nairobi, Kenya, Dec 15 2021 – On Gladys Habu’s birthday, she filmed a message to world leaders while standing waist-deep in the sea next to a dead tree stump – the only remnant of Kale Island now submerged underwater due to climate-change-induced sea-level rise.

Climate change impacts have deeply personal meaning for this young climate activist from the Solomon Islands – Kale Island was her grandparents’ home.

“I strongly believe an investment in youth is a direct investment into the climate workforce. An active force that will enable the marked difference we all hope to see in the fight for a climate-safe future,” Habu says.

Habu is a Commonwealth Points of Light award winner, the Queen’s Award for activism for her climate change work in the Pacific. She is one of 1.5 billion young people in Commonwealth countries under the age of 30 who are among the most vulnerable to climate change, but least involved in decision-making.

“Climate change is a multifaceted, cross-cutting issue that affects all aspects of life, and therefore is one of the most challenging to face. Despite increased scientific knowledge and evidence of climate change on the ground, there is still a trending rise in investments into profit-oriented industries that contribute critically to the problem,” she tells IPS.

Habu says youths have the numbers to be effective agents of positive change in climate action. But beyond their role as advocates, they must act from the forefront of climate action, taking part in policymaking and implementation.

However, she says, there needs to be a large-scale investment in young people.

Addressing climate change is crucial and urgent. The UN’s State of Food Security and Nutrition says that as many as 161 million more people faced hunger in 2020 than in 2019, driven by increased climate variability and extremes, conflicts and economic slowdowns, exacerbated by the COVID-19 pandemic.

The UN says that an estimated 21 percent of the population in Africa, 9.0 percent in Asia, and 9.1 percent in Latin America and the Caribbean are affected by hunger. As Commonwealth youth leaders recently highlighted, these regions are also the most affected by climate change.

As the debilitating effects of climate change unravel, the report shows that compared to 2019, an estimated 46 million more people in Africa, 57 million in Asia and approximately 14 million more in Latin America and the Caribbean were affected by hunger in 2020.

Young climate activist Lucky Abeng speaking at the Commonwealth Pavilion at COP26. Credit: Commonwealth Secretariat

Youth can play a crucial role in halting the fast pace of climate change and reversing its devastating effects – such as accelerated world hunger and malnutrition, Nigerian youth leader Lucky Abeng says.

However, this will need increased youth participation in all levels of climate action.

Abeng was excited to see the level of youth engagement at the recently concluded COP26.

“I was personally impressed to see the interest shown by youth in Glasgow. Joining voices to call for climate justice and bridging the gap on intergenerational equity.”

As the Commonwealth Climate Change Network (CYCN) Chair for Grassroots Engagement and Participation, Abeng is hopeful that position papers submitted by youth activists to various governments will be mainstreamed in plans and programs for implementation post-COP26.

The Commonwealth Youth Climate Change Network has over 2000 climate, sustainability, and environment youth leaders and youth-led organisations focused on climate adaptation and mitigation and sustainable development.

Abeng’s hope could well be realised through the Commonwealth Secretariat’s mandate to include young people in national development policies and plans at all levels of decision making.

Former CYEN Special Envoy for Climate Change Jevanic Henry with fellow delegates at the Youth4Climate Summit 2021. Credit: Commonwealth Secretariat

Jevanic Henry, an Assistant Research Officer at the Commonwealth Secretariat, tells IPS that through the Commonwealth Climate Finance Access Hub, all the Commonwealth Regional and National Climate Finance advisers seek to consider gender and youth concerns in all climate finance initiatives.

Henry, who served as a Special Envoy on Climate Change for the Caribbean Youth Environment Network (CYEN),  says the Commonwealth Secretariat is “uniquely placed to further advance this mainstreaming, building on the political will by the Commonwealth Heads (of State), technical expertise available within the Secretariat to support member countries and its convening power to work with other development partners at all levels.”

On the sidelines of COP26, Abeng witnessed various events on the nexus between youth, marginalised people, and climate change.

Beyond these events and progressive discussions, Abeng hopes to see realistic and sincere youth-focused implementation plans embedded into countries’ national plans, including their Nationally Determined Contributions to limit global warming.

He says genuine commitment to youth participation in climate action should be demonstrated through funded capacity-building and empowerment opportunities for young people.

Henry believes it can be done. First, “we need a good policy environment that recognises the needs and potential role of young people.”

While there is progress, it is crucial that in Commonwealth funded projects, youth and women are equal in decision-making and beneficiaries of climate action.

“We are aware that youth are change-makers in many ways and need practical support to advance those ideas,” Henry says, and proper funding is crucial.

Commonwealth Assistant Research Officer Jevanic Henry joins a Beach Cleanup with community youth council in St Lucia. Credit: Commonwealth Secretariat

“There is a need for improvement in the design of new and existing climate and disaster risk reduction international financing pools to ensure they are made more accessible for young people,” Henry says.

Within the Commonwealth Secretariat, there are efforts to put youth in the forefront to independently drive national climate action and advance towards integrating and adopting youth-sensitive budgeting.

For these reasons, Henry explains, the Commonwealth Secretariat is advancing a training programme on enhancing access to sustainable financing for green entrepreneurship, focusing on youth.

“For example, ahead of COP26, in conjunction with the Government of Saint Lucia, we run a youth entrepreneurship training,”  he says, giving them the information to take advantage of the opportunities that come with a green economy and accessing financing for projects and ideas.

Habu says youth have made great strides in climate advocacy and influencing policy change.

“Imagine how much more can be achieved by youths from the forefront of climate action.”


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Blue California Expands Natural Flavor and Fragrance Portfolio with Production of Clean, Natural, and Sustainable Nerolidol

Rancho Santa Margarita, Calif., Dec. 15, 2021 (GLOBE NEWSWIRE) — Blue California announced the expansion of its natural flavor and fragrance portfolio of captive ingredients by producing a clean, sustainable nerolidol.

Nerolidol is a rare sesquiterpene alcohol ubiquitous in nature and found in many flowers and plants, particularly in Seville orange flower, also known as Neroli, which gives the aroma chemical its name.

It is recognized for its floral, woody aroma and can also be described as a fresh scent, blending well with citrus, apple, or rose but light enough to complement any type of scent or flavor. Nerolidol is therefore ideal for use in many applications and known for its relaxing effects.

Many brands looking to make products at a large scale using nerolidol find it to be cost–prohibitive and, for that reason, it hasn't been widely used in modern–day product applications.

Yet, consumers seek clean–label fragrance products that are easy on the planet and fit into the clean and conscious fragrance and beauty movement. The Innova Beauty & Personal Care Survey 2020 notes that 51% of global consumers indicate that natural ingredients are very or extremely important to them when purchasing fragrances.

“Biotechnology is opening doors to sustainable ingredients that weren't previously possible,” said Kathy Oglesby, head of flavors and fragrances at Blue California. “Our collaboration with innovation partner Conagen provides efficient and effective commercialization, leading us to deliver to our client–creators a full range of captive ingredients, trademarked Plantarme, for use in our flavors and fragrances.”

Nerolidol is first in a full range of natural ingredients in the 2022 pipeline of Blue California's Taste, Smell, and Beauty Division. Conagen develops one of the most high–yielding fermentation platforms for producing sesquiterpenes and lactones.

With its functional advantages in many industries due to its moderate polarity and optical activity, nerolidol is also a useful, sustainable fine chemical intermediate.

“Nerolidol is a foundational material with many uses in many markets. Plantarme S is a sandalwood type material, and Plantarme M, which is a natural musk, are both creating a lot of excitement in the marketplace,” said Oglesby.

Until now, synthetic musk was primarily used in the fragrance industry because traditional musk sources were wild plants, too rare to be useful, or wild animals, like musk deer and civet cats, too endangered to be ethical. Conagen and Blue California have teamed together to develop a modern, one–of–a–kind, natural, domestic plant–derived musk that is safe, versatile, and biodegradable.

“The launch of nerolidol is symbolic of the collaboration between Blue California and Conagen as we advance in the markets we can serve,” said Casey Lippmeier, Ph.D. vice president of innovation at Conagen. “Together, we are revolutionizing the flavor and fragrance ingredient industry with our disruptive capabilities for producing clean, sustainable solutions and product applications.”

About Blue California

Blue California is an entrepreneurial, science–based solutions provider and manufacturer of clean, natural, and sustainable ingredients used in food, beverage, flavor, fragrance, dietary supplements, personal care, and cosmetic products. For more than 25 years, Blue California has built a strong reputation for creating value in these diverse natural products and nature–inspired industries. www.bluecal–ingredients.com

About Conagen

Conagen is a product–focused, synthetic biology R&D company with large–scale manufacturing affiliates. Our scientists and engineers use the latest synthetic biology tools to develop high–quality, sustainable, nature–based products by precision fermentation and enzymatic bioconversion. We focus on the bioproduction of high–value ingredients for food, nutrition, flavors and fragrances, pharmaceutical, and renewable materials industries. www.conagen.com

Attachments


Nikkiso Clean Energy & Industrial Gases Group Becomes Ambassador Member of California Fuel Cell Partnership

TEMECULA, Calif., Dec. 15, 2021 (GLOBE NEWSWIRE) — Nikkiso Clean Energy & Industrial Gases Group (Group), a subsidiary of Nikkiso Co., Ltd (Japan), is proud to announce they have joined the California Fuel Cell Partnership (CaFCP) as an Ambassador.

The association is driving to establish 200 hydrogen fueling stations by 2025 for a sustainable future for zero emission cars, trucks and buses. Joining the CaFCP is part of the Group's commitment to leading the change to a healthier world. Furthermore, the Group is expanding their global operations, opening a new engineering and service facility in Houston and Korea this year, and a new center in Germany in 2022.

"We are excited to be part of CaFCP to provide clean energy alternatives and look forward to collaborate with other CaFCP members in the fuel cell hydrogen fuel market," according to Peter Wagner, CEO, Nikkiso Clean Energy & Industrial Gases Group.

There are several new hydrogen products under development, such as the first mobile Hydrogen refueler pumps, high capacity / high pressure reciprocating hydrogen pumps and containerized liquid hydrogen re–fueling stations. This is in addition to their ability to provide engineering, procurement, and full turnkey projects.

ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture engineered cryogenic gas processing equipment and small–scale process plants for the liquefied natural gas (LNG), well services and industrial gas industries. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Cosmodyne and Cryoquip and a commonly controlled group of approximately 20 operating entities.

For more information, please visit www.nikkisoCEIG.com and www.nikkiso.com.

MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
aquigley@cryoind.com


The Age of Discontent: What Drives the Rising Wave of World Protests?

Anti-racism protesters in Brooklyn, New York, demanding justice for the killing of African American, George Floyd. May 2021. Credit: UN News/Shirin Yaseen

By Walden Bello and Isabel Ortiz
NEW YORK, Dec 15 2021 – In recent years, the world has been shaken by protests. From the Arab Spring to the social uprisings in Chile and Latin America, the world has seen a dramatic rise in protests. In a polarized world, the COVID-19 pandemic has only accentuated feelings of outrage and discontent.

New research brings evidence of this by analyzing nearly three thousand protests since the beginning of the 21st century, in over a hundred countries covering more than 93 percent of the world population.

Beginning in 2006, there was a steady rise in overall protests each year up to 2020. As the global financial crisis began to unfold in 2007-08, demonstrations increased, and further intensified after 2010 with the worldwide adoption of austerity cuts.

Frustration grew over the lack of decent jobs, inadequate social protection and public services, unfair taxation and a perceived lack of real democracy and accountability of decision makers to the people.

This led to a new and more political wave of protests in 2016, often becoming “omnibus protests” (protests addressing multiple issues) against the political and economic status quo. Polls worldwide reflect dissatisfaction with democracies and lack of trust in governments.

Increasingly, demonstrations are not only the purview of activists and trade unionists, but have become an outlet for the middle classes, women, youths, pensioners, indigenous and racial groups. These citizens do not consider themselves activists and yet they protest because they feel disenfranchised by official processes and political parties.

Decades of neoliberal policies have generated huge inequalities and eroded the incomes and the welfare of both the lower and middle classes, fueling feelings of injustice, disappointment with malfunctioning democracies, and frustration with failures of economic and social development.

Whist the media often portrays protests as sporadic, disorganized riots, most of the world protests studied were planned, with clearly articulated demands. The main cause of discontent (in 1503 protests) relates to the failure of democracies and political systems, lack of real democracy, accountability and justice; corruption; as well as the perceived power of a deep government or oligarchy, sovereignty and patriotic issues; and protests against wars, the surveillance of citizens, and anti-socialism/communism.

A second cause relates to economic justice, expressing grievance and outrage against unequal austerity cuts and policy reforms (1,848 protests), demanding improved jobs, wages and labor conditions, better public services and housing, agrarian and tax justice; and against corporate influence, deregulation, privatization, inequality and low living standards; as well as against pension reforms, high energy and food prices.

The third main cause of protests is the demand for civil rights (1,360 protests) on indigenous and racial rights; women’s rights; labor rights; LGBT and sexual rights; right to the commons (digital, cultural, atmospheric); immigrants’ rights; freedom of assembly, speech, and press; prisoners’ rights and religious issues.

A last cluster of protests encompases demands for global Justice (897 protests) on issues such as environmental and climate justice; against the International Monetary Fund (IMF), the World Bank, and the European Union/European Central Bank; against imperialism (United States, China); against free trade or the G20 – demanding a better and more equitable world order.

Not only has the number of protests increased, but also the number of protestors. Crowd estimates suggest that at least 52 events had one million or more protesters.

The period 2006-2020 has evinced some of the largest protests in world history; the largest recorded was the 2020 strike in India against the government’s plan to liberalize farming and labor, estimated to have involved 250 million protestors.

The second decade of the 21st century has also seen a global rise of the far right, attracting dissatisfied citizens to a radical right “counterrevolution” that typically includes an assault on the tenets of liberal democracy by authoritarian leaders.

Falling into this category were the QAnon protests in 2020 in the United States and globally; opposition to Muslims, migrants, and refugees in Europe; and the protests against the Workers Party in Brazil in 2013 and 2015.

While the rhetoric is anti-elite, far right politics does not seek significant structural power change, rather directing the popular fire and fury against minorities, denying rights to migrants, blacks, gays or Muslims, who are depicted as a threat to the jobs, security and values of the majority.

Other rallying cries include calls for personal freedoms (to carry a gun, not to wear a mask, not to be quarantined), nationalism, and the promotion of traditional values. To counter radical right authoritarianism, societies must fight misinformation and expose the contradictions of far right politics.

Nonetheless, the overwhelming majority of protests have made progressive demands for real democracy, civil rights, economic and global justice. Peaceful protests are a fundamental aspect of a vibrant democracy. Historically, protests have been a means to achieve fundamental rights at the national and international level.

While new research shows that global political instability is increasing, there are solutions. Governments need to listen to the grievances coming from protesters and act upon them. The demands of people around the world have much in common and ask for no more than established Human Rights and internationally agreed UN development goals.

Walden Bello is Adjunct Professor of Sociology at the State University of New York at Binghamton and co-chair of the Bangkok-based progressive institute, Focus on the Global South.

Isabel Ortiz is Director of the Global Social Justice Program at the Initiative for Policy Dialogue, and former director of the International Labour Organization (ILO) and UNICEF.

 


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Energy Inequality in Latin America Exacerbated by Pandemic, High Prices

Aida Valdez stands outside her home in the Guaraní indigenous community of Yariguarenda, in northern Argentina, in front of the wood-burning oven she uses to cook - an example of energy poverty in vulnerable rural communities in Latin America. CREDIT: Daniel Gutman/IPS

Aida Valdez stands outside her home in the Guaraní indigenous community of Yariguarenda, in northern Argentina, in front of the wood-burning oven she uses to cook – an example of energy poverty in vulnerable rural communities in Latin America. CREDIT: Daniel Gutman/IPS

By Emilio Godoy
MEXICO CITY, Dec 15 2021 – The effects of the covid-19 pandemic and high energy prices have had an impact on the consumption of polluting fuels in Latin America and the Caribbean, exacerbating energy poverty in the region.

In some countries there is evidence of an increase in the use of charcoal and firewood. But there have been few studies to reflect this, because it is a recent development and there has been a tardy focus on the behavior of vulnerable sectors in response to the new realities they face.

Macarena San Martín, a researcher at the non-governmental Energy Poverty Network (RedPE) in Chile, said the phenomenon goes beyond the notion of access to electric power, and includes aspects such as the quality and affordability of energy.

“In all Latin American countries, the problem is considered one-dimensional, but multiple factors must be considered,” she told IPS from Santiago. “Access has been seen as a question of: can you plug something in? If you can, it’s solved. While today they have access, that does not necessarily guarantee that energy poverty has been eliminated. There are also problems of efficiency.”

In central Chile, many people use kerosene, a hydrocarbon derivative, and natural gas for household use and heating.

Due to the pandemic, a Basic Services Law has been in force since May, by means of which vulnerable electricity and gas users may defer payments, without the risk of being cut off. But this benefit expires on Dec. 31, so the beneficiaries will have to start paying off what they owe next February, up to a maximum of 48 monthly installments.

The Economic Commission for Latin America and the Caribbean (ECLAC) establishes that a household suffers from energy poverty when it lacks equitable access to adequate, reliable, non-polluting and safe energy services to cover its basic needs and sustain the human and economic development of its members, and spends more than 10 percent of its income on energy costs.

Although access to electricity averages more than 90 percent in the region, in rural areas and urban peripheries more than 10 percent of households lack electric power in some cases, such as in Bolivia, Honduras, Haiti and Nicaragua, according to September data from ECLAC.

This charcoal factory in the state of Oaxaca in southern Mexico is an example of an ecological initiative that has not managed to curb the consumption of coal, despite rising prices, or the consumption of hydrocarbons. CREDIT: Emilio Godoy/IPS

This charcoal factory in the state of Oaxaca in southern Mexico is an example of an ecological initiative that has not managed to curb the consumption of coal, despite rising prices, or the consumption of hydrocarbons. CREDIT: Emilio Godoy/IPS

Latin America and the Caribbean is the most unequal region in the world, according to international organizations, and this is reflected in the energy sector. While a minority can afford to install solar panels on their homes or drive an electric or hybrid gasoline-electric car, the majority depend on dirty energy or polluting transport.

When spending is highly unequal, as in this region, the resulting energy inequality tends to grow, concluded a 2020 report by three researchers from the School of Earth and Environment at the private University of Leeds in the UK.

Another report, entitled “Las luces son del pueblo (the lights belong to the people); Energy, access and energy poverty” and published in November by the non-governmental Observatorio Petrolero Sur, based in Argentina, puts the number of people lacking access to electricity in this region at almost 22 million, equivalent to 3.3 percent of the total population of 667 million people.

In addition, 12 percent of the region’s population use non-clean sources for energy services, as in Guatemala, Honduras, Jamaica, Nicaragua and Paraguay.

In the residential sector, the energy mix is based on kerosene, natural gas, firewood, electricity and liquefied gas.

The beauty of the snowy streets of Coyhaique, the capital of the southern Patagonian region of Aysén, belies the fact that it is the most polluted city in Chile, mainly due to the use of wet firewood to heat homes in an area where temperatures plunge in the wintertime. CREDIT: Marianela Jarroud/IPS

The beauty of the snowy streets of Coyhaique, the capital of the southern Patagonian region of Aysén, belies the fact that it is the most polluted city in Chile, mainly due to the use of wet firewood to heat homes in an area where temperatures plunge in the wintertime. CREDIT: Marianela Jarroud/IPS

In Argentina, official figures indicate that more than one-fifth of the population lives in energy poverty, despite subsidized electric and gas rates.

In December 2019, shortly before the outbreak of the covid pandemic, the Social Solidarity and Productive Reactivation Law came into force in the Southern Cone country, which includes a revision of gas and electricity tariffs to avoid excessive increases, for the benefit of the economically vulnerable population.

Jonatan Núñez, a researcher at the Institute for Latin American and Caribbean Studies at the public University of Buenos Aires, links the lack of access to electric service in the region to income level.

There is a link “to formal employment, which not only guarantees access to a certain level of income, but also to renting housing in certain areas, and the possibility of gaining access to areas with better energy infrastructure. In poor neighborhoods, there is no access to electricity or gas networks. They are put in place manually and that generates blackouts or precarious conditions that can cause fires,” he told IPS from Buenos Aires.

In Mexico, poverty rose as a result of the pandemic, affecting up to 58.2 million people, or 43.5 percent of the total population, according to official data released in September. This meant a more than six percent increase in poverty compared to 2018, despite the millions of government social programs aimed at tackling chronic poverty in the country.

In urban areas, liquefied petroleum gas and gasoline experienced the largest price hikes, while in rural areas, coal and firewood reported the highest increases, perhaps as a substitute for fossil fuels.

Due to the rise in gas prices, driven by international prices, the Mexican government created the state-owned company Gas Bienestar, which sells natural gas at a subsidized price with a ceiling.

 At most service stations in Brazil, consumers can choose between gasoline and ethanol at the pump. But consumers only use the biofuel when its price is favorable compared to gasoline. CREDIT: Mario Osava/IPS

At most service stations in Brazil, consumers can choose between gasoline and ethanol at the pump. But consumers only use the biofuel when its price is favorable compared to gasoline. CREDIT: Mario Osava/IPS

Brazil, where poverty was already on the rise before the pandemic, is also facing higher domestic gas prices and the consequent increase in firewood consumption.

Brazil is a pioneer of the energy transition because of its promotion of clean energy and the low level of polluting fuels burnt in households. But in the region’s largest economy the burning of firewood has overtaken bottled gas since 2018, a trend that has been exacerbated since then, according to figures from the government’s Energy Research Company (EPE).

The existence of subsidies and frozen rates makes it more difficult to estimate energy inequality, as they do not reflect real costs, according to the experts consulted.

Energy poverty is a hurdle in the way of achieving the goals of the international Sustainable Energy for All Initiative, the program to be implemented during the United Nations Decade of Sustainable Energy for All, from 2014 to 2024.

This initiative seeks to ensure universal access to modern energy services and to double the global rate of energy efficiency improvements and the share of renewable energies in the global energy mix.

In addition, energy poverty stands in the way of reaching goal seven of the 17 Sustainable Development Goals (SDGs), which aims to ” Ensure access to affordable, reliable, sustainable and modern energy for all” as part of the 2030 Agenda, adopted in 2015 by the members of the United Nations.

San Martín, the Chilean expert, said governments face a “complex problem” because there are many demands and difficulties.

“The planet is not infinite. The challenge must be adapted to the situation of each society and to territorial and cultural conditions. We have to work on how we use energy. The energy transition must consider access, quality and equality and it must be taken into account that we cannot continue spending beyond the planet’s capacity,” she said.

Núñez from Argentina said the solution is to consider energy as a right rather than a commodity.

“The response has been quite weak. Most of the energy consumed comes from gas-fired thermal power plants and hydroelectric plants, which are granted in concession to private companies. Services are still in the hands of private companies,” he stressed.

Mullen and ARRK, a Leading German Automotive Engineering Company, Announce Partnership for Upcoming Mullen FIVE EV Crossover

The companies will be working together on Mullen's entire EV lineup, starting with the Mullen FIVE EV Crossover. ARRK, with over 3,500 employees globally, will assign up to 180 engineers in supporting Mullen's EV development, ensuring the highest performance targets and regulatory compliance for passive safety, active safety, and noise, vibration and harshness ("NVH').

BREA, Calif., Dec. 14, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, announces today a strategic partnership with ARRK, a leading automotive engineering company based in Munich, Germany.

ARRK will be supporting Mullen Automotive in Computer Aided Engineering (CAE), body in white, battery, closures, interior, chassis, thermal, and infotainment engineering. ARRK initial support will be for the Mullen FIVE EV Crossover and then move into future vehicles, including a seven–seat SUV program.

“ARRK is a leading automotive engineering company with a global footprint, including working with some of the most well–respected automotive manufacturers, such as BMW, VW brands and Mercedes–Benz. Their vehicle engineering expertise will be a key component for us in hitting our production timeline for the FIVE and beyond," said David Michery, CEO and chairman of Mullen Automotive.

"Supporting the engineering development of the Mullen FIVE vehicle for global CAE, body development with closures, high voltage battery housing, interior, chassis, thermal management and infotainment for the next 3–year period will be a great challenge for us at ARRK," said Florian Gerber, vice president of development for body, high voltage battery, interior and exterior, and composite at ARRK. "We are very pleased about this cooperation and are looking forward to shaping the electric car future together with Mullen."

About Mullen

Mullen is a Southern California–based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions. Mullen has evolved over the past decade in sync with consumers and technology trends. Today, the Company is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer's life. Mullen strives to make EVs more accessible than ever by building an end–to–end ecosystem that takes care of all aspects of EV ownership.

About ARRK

ARRK is a globally active development partner for the automotive and mobility industry, specializing in end–to–end and comprehensive support of the entire product development process – from the concept phase through series development to validation and system integration of mechanical and electronic components.

Being a partner with a strong customer focus, ARRK can offer all its services to make a product ready for series production – from styling, engineering, prototyping, tooling to low volume production.

Contact:

ARRK Engineering GmbH

info@arrk–engineering.com
www.arrk–engineering.com

Forward–Looking Statements

This press release contains “forward–looking statements.” Words such as “may,” “should,” “could,” “would,” “predicts,” “potential,” “continue,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar expressions, as well as statements in future tense, often signify forward–looking statements. These forward–looking statements include, without limitation, statements relating to the reverse merger, the Nasdaq approval process and proposed debut date of the Mullen FIVE (formerly MX–05) midsize crossover. These forward–looking statements are, by their nature, subject to significant risks and uncertainties.

Forward–looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will be achieved. Forward–looking statements are based on information that the Company has when those statements are made or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward–looking statements, including factors beyond the Company's control. As a result of these and other risks, uncertainties and assumptions, forward–looking events and circumstances discussed herein might not occur in the way the Company expects or at all. Accordingly, readers should not place reliance on any forward–looking information or statements. The Company assumes no obligation to publicly update or revise its forward–looking statements as a result of new information, future events or otherwise. All forward–looking statements herein are qualified by reference to the cautionary statements set forth in this section.

Contact:

Mullen Automotive, Inc.
+1 (714) 613–1900
www.MullenUSA.com

Wire Service Contact
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217
Editor@InvestorWire.com