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Lantronix Named Member of the Qualcomm Automotive Solutions Ecosystem Program

IRVINE, Calif., Dec. 07, 2021 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Intelligent IT and the Internet of Things (IoT), today announced it has been named a member of the Qualcomm Authorized Design Center Program's automotive program. A long–time Qualcomm Advantage Network member, Lantronix joined the invitation–only program, which assists companies in accelerating innovation by connecting customers with an ecosystem of businesses that provide tools and deep expert design services. Lantronix will participate in the automotive program, referred to as the Qualcomm Automotive Solutions Ecosystem Program, by providing access to tools that are built around the 3rd Generation Snapdragon Automotive Cockpit Platform, a product of Qualcomm Technologies, Inc.

"We are proud to be named a member of the Qualcomm Authorized Design Center's Automotive Solutions Ecosystem Program, which will bring engineering and design expertise to our mutual customers while helping fast–track innovation," said Paul Pickle, CEO of Lantronix. "With the program, Lantronix is positioned to accelerate the commercialization of automotive products, which will include customization, optimization and other design and integration services built around the 3rd Generation Snapdragon Automotive Cockpit Platforms."

The 3rd Generation Snapdragon Automotive Cockpit Platforms are artificial intelligence (AI)–based and some of the most advanced automotive platforms from Qualcomm Technologies. Designed to support software–rich integrated cockpits engineered to meet stringent automotive industry standards, 3rd Generation Snapdragon Automotive Cockpit Platforms are engineered with immersive graphics, multimedia, computer vision and advanced AI capabilities. The Snapdragon Automotive Cockpit Platforms also provide fully scalable architecture with differentiated experiences, utilizing the same software architecture and framework to allow consumers to enjoy a harmonized user experience independent of the vehicle tier while utilizing the same software framework.

Lantronix's inclusion in the Qualcomm Automotive Solutions Ecosystem Program, as well as its team's proven expertise and collaboration over the years, reinforces its commitment to providing cutting–edge development services with Qualcomm Technologies for its global customers focused on the Snapdragon Automotive Cockpit platform.

About Lantronix

Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware.

Lantronix enables its customers to accelerate time to market and increase operational up–time and efficiency by providing reliable, secure and connected Intelligent Edge IoT and Remote Management Gateway solutions.

Lantronix's products and services dramatically simplify the creation, development, deployment and management of IoT and IT projects across Robotics, Automotive, Wearables, Video Conferencing, Industrial, Medical, Logistics, Smart Cities, Security, Retail, Branch Office, Server Room, and Datacenter applications. For more information, visit the Lantronix website.

Learn more at the Lantronix blog, which features industry discussion and updates. Follow Lantronix on Twitter, view our YouTube video library or connect with us on LinkedIn.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements related to our solutions, technologies and products. These forward–looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward–looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; the impact of the COVID–19 outbreak on our employees, supply and distribution chains, and the global economy; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10–K for the fiscal year ended June 30, 2020, filed with the Securities and Exchange Commission (the "SEC") on September 11, 2020, including in the section entitled "Risk Factors" in Item 1A of Part I of such report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. The forward–looking statements included in this release speak only as of the date hereof, and we do not undertake any obligation to update these forward–looking statements to reflect subsequent events or circumstances.

2021 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

Snapdragon Automotive Cockpit Platform is a product of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm Authorized Design Center Program, Qualcomm Automotive Solutions Ecosystem Program, and Qualcomm Advantage Network are programs of Qualcomm Technologies, Inc. and/or its subsidiaries.

Qualcomm and Snapdragon are trademarks or registered trademarks of Qualcomm Incorporated.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
949–453–7158

Lantronix Analyst and Investor Contact:
Jeremy Whitaker
Chief Financial Officer
investors@lantronix.com
949–450–7241

Lantronix Sales:
sales@lantronix.com
Americas +1 (800) 422–7055 (US and Canada) or +1 949–453–3990
Europe, Middle East and Africa +31 (0)76 52 36 744
Asia Pacific + 852 3428–2338
China + 86 21–6237–8868
Japan +81 (0) 50–1354–6201
India +91 994–551–2488


GLOBENEWSWIRE (Distribution ID 8406846)

Eternity Technologies Launches “Quasar” a new generation of Carbon Nano Motive Batteries Made in UAE

Leading industrial battery manufacturer Eternity Technologies is launching QUASAR, a new range of Carbon Nano Motive batteries to deliver more power, longer run times and faster recharge versus conventional lead batteries.

Designed mainly for the heavy–duty material handling market such as electric forklift trucks, QUASAR batteries can be fully charged in just four hours and with opportunity charging capabilities offering even greater flexibility. QUASAR Carbon Nano motive batteries are ideal for material handling equipment operating in multi–shift, outdoor and cold storage applications with up to 50% more power. Equally, QUASAR is an ideal battery for extremely high temperatures indoor or outdoor.

The QUASAR positive plate utilises Thin Tube technology, which offers greater energy density and higher discharge performance. It also incorporates a market leading phenolic resin separator which can meet the heavy–duty operating demands and provides excellent oxidation resistance. The QUASAR negative plate contains Carbon Nano Tube (CNT) technology, which increases its fast charge capability, without any degradation to the life of the batteries.

Using the latest manufacturing production processes and equipment, Eternity Technologies' QUASAR batteries are now made in its UAE factory and can deliver an enviable 99% recycling rate further supporting a sustainable and truly circular economy.

Dr Mark Stevenson of Eternity Technologies, explains: "QUASAR, is our new premium battery range and a great addition to our already extensive battery offering. After very successful trials and qualifications by our customers we are ready to serve the global motive markets and offer a strong value proposition."

About Eternity Technologies

Eternity Technologies deliver the most reliable, sustainable and available industrial battery solutions for the Motive and Network Power markets.

With unique state of the art manufacturing facilities in place, Eternity Technologies has operations in United Arab Emirates, Germany, Spain, USA, Chile and South Africa and is today one of the fastest growing industrial battery companies.

Eternity Technologies sells to over 100 countries worldwide offering a wide range of industrial batteries, chargers and services for material handling equipment, electric forklifts, renewable energy storage or off grid solar systems.

For more details about products from Eternity Technologies, including the new QUASAR batteries, visit the website www.eternitytechnologies.com

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GLOBENEWSWIRE (Distribution ID 1000582326)

Anaqua and ASU Co., Ltd. Announce Strategic Partnership

TOKYO, Dec. 06, 2021 (GLOBE NEWSWIRE) — Anaqua, the leading provider of innovation and intellectual property management solutions, and ASU Co., Ltd. (ASU), one of the foremost companies in Japan providing support for IP management systems in Japan, today have announced a strategic partnership. Through this collaboration, the two companies will work together to support customers in their migration to Anaqua's IP management platform, AQX. The companies' shared goal is to accelerate customers' innovation lifecycles, enhance their intellectual property operations and augment their strategic portfolio management capabilities.

This partnership will provide a pathway for companies onto Anaqua's globally recognized and highly secure cloud intellectual property management solution, AQX. Anaqua is ISO 27001 certified, the leading international standard for measuring information security management systems, and has completed a Type 1 SOC 2 examination. Dedicated to upholding the highest security standards, Anaqua already provides its trusted AQX platform for many Japanese companies to manage their valuable IP assets. ASU's extensive experience in the Japanese IP industry and their ability to support companies before, during, and after their migration to AQX will give continuity of service and deep technical expertise for new and future AQX customers.

ASU will work in partnership with Anaqua to support customers' internal IP operations, AQX software implementations and provide ongoing post go–live support for AQX users.

"We are delighted to partner with ASU to offer a smooth migration for Japanese companies who need to move to a secure, efficient, and strategic platform," said Karen Taylor, General Manager of Asia Pacific at Anaqua. "This is a long–term partnership and we plan to develop and deepen our collaboration together over time. Anaqua and ASU have a shared commitment to ensuring our customers' success and continued growth. We are looking forward to our collaboration with customers and with each other."

About Anaqua
Anaqua, Inc. is a premium provider of integrated intellectual property (IP) management technology solutions and services. Anaqua's AQX platform combines best practice workflows with big data analytics and tech–enabled services to create an intelligent environment designed to inform IP strategy, enable IP decision–making, and streamline IP operations. Today, nearly half of the top 100 U.S. patent filers and global brands, as well as a growing number of law firms worldwide use Anaqua's solutions. Over one million IP executives, attorneys, paralegals, administrators, and innovators use the platform for their IP management needs. The company's global operations are headquartered in Boston, with offices across the U.S., Europe, and Asia. For additional information, please visit anaqua.com, or on LinkedIn.

About ASU
Founded in 1998, ASU Co., Ltd. is a FUJITSU partner and ATMS product sales company. ASU sells, builds, and supports FUJITSU's IP package ATMS products to companies and patent offices in the Tokyo–Osaka area, and has about 150 companies and about 400 patent offices as customers. ASU also invested in China (Baoding City) since 2000 to develop its IP business. Please see asu.co.jp for company details.

Company Contact:
Amanda Hollis
Associate Director, Communications
Anaqua
617–375–2626
ahollis@Anaqua.com

PDF available at: http://ml.globenewswire.com/Resource/Download/c18bff74–7111–49aa–bf6e–2448d81a535a


GLOBENEWSWIRE (Distribution ID 8405717)

FXCM wins Best Forex Trading Platform at the Shares Awards 2021

LONDON and SYDNEY, Australia and JOHANNESBURG, South Africa, Dec. 06, 2021 (GLOBE NEWSWIRE) — FXCM Group, LLC ("FXCM Group' or "FXCM'), the leading international provider of online foreign exchange (FX) trading, CFD trading, cryptocurrencies and related services, has today announced that it has won the Best Forex Trading Platform award at the 2021 Shares Awards.

The award was decided by an open vote by readers of the Shares Magazine who were required to go to the website and manually enter the name of the broker they wished to nominate. This win follows on from similar success in last year's awards, where FXCM won the Best Trading and Research Tools award.

FXCM has continually expanded its services throughout 2021, underlining its commitment to a "Client First, Trader Driven" approach. In addition to expanding its CFD offering with the doubling of its French, German and UK share offerings, the firm also launched Australian single share CFD trading with zero data fees and commissions# to level up the service provided to clients.

Success in these awards demonstrates FXCM's continued status as an innovator and cements its position as one of the leading trading platforms for both new and experienced brokers.

Brendan Callan, CEO of FXCM, said: "Our Client First, Trader Driven approach is more than just a tagline and this award win demonstrates that we truly deliver what our clients need: a best–in–class trading experience. We will maintain this focus on bringing value to our client's trading experiences as we close out the year and look forward to building on our success to date with further innovation in 2022."

This award win follows up on the numerous awards won by FXCM in the past year, including Most Transparent Forex Broker in Europe, Best Forex Trading Platform in Europe and Best Forex Mobile Trading Platform / App provider globally at the Global Forex Awards, the Best Zero Commission Broker in the ADVFN International Financial Awards 2021 and Best FX Platform at the 2021 Online Personal Wealth Awards.

*Zero Commission: FXCM can be compensated in several ways, which includes but are not limited to adding a mark–up to the spreads it receives from its liquidity providers, adding a mark–up to rollover, etc. Commission–based pricing is applicable to Active Trader account types.

#Terms and Conditions apply. More details please https://www.fxcm.com/au/no–rollover–campaign/.

Third Party Links: Links to third–party sites are provided for your convenience and for informational purposes only. FXCM bears no liability for the accuracy, content, or any other matter related to the external site or for that of subsequent links, and accepts no liability whatsoever for any loss or damage arising from the use of this or any other content. Such sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. Please read the linked websites' terms and conditions.

About FXCM:

FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, and related services. Founded in 1999, the company's mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one–click order execution and trading from real–time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.

Forex Capital Markets Limited: FCA registration number 217689 (www.fxcm.com/uk)

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

67% of retail investor accounts lose money when trading CFDs with this provider.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXCM EU LTD: CySEC license number 392/20 (www.fxcm.com/eu)

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Between 74–89% of retail investor accounts lose money when trading CFDs.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXCM Australia Pty. Limited: AFSL 309763. Losses can exceed your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved. If you decide to trade products offered by FXCM AU, you must read and understand the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business on www.fxcm.com/au.

FXCM South Africa (PTY) Ltd: FSP No 46534 (www.fxcm.com/za). Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.

FXCM Markets Limited: Losses can exceed deposited funds. (www.fxcm.com/markets).

Media contact:

Chatsworth Communications
+44 (0) 20 7440 9780
fxcm@chatsworthcommunications.com


GLOBENEWSWIRE (Distribution ID 8406425)

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Höegh LNG Partners LP Investors With Losses Over $100K to Secure Counsel Before Important December 27 Deadline in Securities Class Action – HMLP

NEW YORK, Dec. 05, 2021 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Hegh LNG Partners LP (NYSE: HMLP) between August 22, 2019 and July 27, 2021, inclusive (the "Class Period"), of the important December 27, 2021 lead plaintiff deadline in the securities class action first filed by the firm.

SO WHAT: If you purchased Hegh securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Hegh class action, go to http://www.rosenlegal.com/cases–register–2140.html or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 27, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) Hegh LNG Partners LP (the "Partnership") was facing issues with the PGN FSRU Lampung charter; (2) as a result, the PGN FSRU Lampung charterer would state that it would commence arbitration to declare the charter null and void, and/or to terminate the charter, and/or seek damages; (3) the Partnership would need to find alternative refinancing for its PGN FSRU Lampung credit facility; (4) the PGN FSRU Lampung credit facility matured in September 2021, not October 2021 as previously stated; (5) the Partnership would be forced to accept less favorable refinancing terms with regards to the PGN FSRU Lampung credit facility; (6) Hegh LNG would not extend the revolving credit line to the Partnership past its maturation date; (7) Hegh LNG would reveal that it "will have very limited capacity to extend any additional advances to the Partnership beyond what is currently drawn under the facility"; (8) as a result of the foregoing, the Partnership would essentially end distributions to common units holders; (9) the COVID–19 pandemic was not the sole or root cause of the Partnership's issues in Indonesia, in 2019, before the pandemic, there were already a very low amount of demand in Indonesia for the Partnership's gas; (10) the auditing, tax, nor maintenance of PGN FSRU Lampung were not the sole or root cause(s) of the Partnership's issues in Indonesia; and (11) as a result, defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Hegh class action, go to http://www.rosenlegal.com/cases–register–2140.html or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

———————————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8405657)

Bombardier Marks Dual Celebration – NetJets Accepts First Global 7500 Business Jet as Bombardier Delivers 1,000th Global Aircraft

  • Delivery of industry's longest–range business jet marks the first of 20 Global 7500 aircraft to join the NetJets fleet

  • Global 7500 aircraft continues to garner significant interest from customers who value features such as the largest and most unique cabin, innovative technology, unparalleled performance and the smoothest ride

MONTRÉAL, Dec. 02, 2021 (GLOBE NEWSWIRE) — Bombardier announced today the delivery of the 1,000th Global aircraft. The major milestone was reached as the NetJets team led by Patrick Gallagher, President, Sales, Marketing and Services, took delivery of the private aviation company's first Global 7500 business jet.

The addition of a Global 7500 aircraft to the NetJets fleet redefines its large–cabin, long–range offering, and elevates the choice of travel options for its international Owners. With a 7,700 nm (14,260 km) range, NetJets Owners will be able to fly from New York to Beijing or San Francisco to Sydney without refueling stops. The Global 7500 aircraft is set to be the flagship aircraft in one of the finest fleets in business aviation. The largest and quietest aircraft in the NetJets fleet, this is the first of a firm order of 20 Global 7500 aircraft, sure to transform the way Owners experience global travel.

"We take pride in operating one of the industry's most advanced fleets, and we are delighted to accept our first Global 7500 aircraft today. The Global 7500 aircraft adds a new dimension to our long–range aircraft offerings," said Patrick Gallagher, President, Sales, Marketing and Services, NetJets. "At a time when demand for our aircraft is at its highest, our strategy is focused on continuing to deliver solutions that meet our Owners' needs and expectations. We anticipate our Owners will appreciate the added value the aircraft brings and know they will be thrilled to experience flight in the Global 7500 business jet."

"The incomparable Global 7500 business jet will now delight NetJets Owners not only with its industry–leading range, but also by its unique Nuage seat, Soleil lighting system and four true living spaces. We are proud that our 1,000th Global aircraft delivery represents the first Global 7500 aircraft to join the NetJets fleet," said ric Martel, CEO and President, Bombardier. "This double celebration sees our flagship aircraft become NetJets' flagship business jet, and it's a signature moment for all of us, as we cap off a remarkable year in aviation. I want to thank the many talented team members, past and present, who have supported the Global program during the last two decades, and our dedicated customers who have enjoyed the Global experience."

Both NetJets and Bombardier are committed to supporting a sustainable future. The Global 7500 aircraft boasts the first Environmental Product Declaration (EPD) for a business jet. The independently verified EPD details information about the aircraft's environmental footprint throughout its lifecycle, and thus plays an important role in the pledge both companies have made to support the private aviation industry's commitment to environmental sustainability.

The 1,000th Global delivery reflects the continued popularity, longevity and reliability of the Global family of aircraft as it remains a consistent leader in its class. In addition to setting the bar for all business jets, the unparalleled Global 7500 aircraft is also a key economic driver. On the occasion of this dual announcement, PricewaterhouseCoopers led a study of the economic footprint of the Global 7500 aircraft in Qubec, Ontario and Canada. Results show that between 2010 and 2019, the Global 7500 program development contributed and facilitated a total economic footprint in Canada of $4.8 billion in GDP as well as an annual average of 3,386 full–time equivalent jobs. In addition, through its overall manufacturing activities, Bombardier is expected to contribute and facilitate $2.0 billion in GDP per year to the Canadian economy and 8,456 jobs per year on average(1).

Through Bombardier's R&D investment in the Global 7500 program, knowledge, innovation and expertise is being developed, contributing to the overall strength of the Canadian aerospace ecosystem.

(1) Total economic impact includes direct, indirect and induced impacts.

About NetJets
Originally incorporated in 1964 as Executive Jet Airways, NetJets Inc. has been setting""and exceeding""industry standards for more than 55 years. Today, NetJets Inc. is proud to be a Berkshire Hathaway company known for its unwavering commitment to safety and service. It encompasses NetJets, Executive Jet Management, QS Partners, and QS Security and offers a variety of travel solutions customized to fit each Owner's needs. This includes fractional aircraft ownership, lease and jet card options, aircraft management, private jet chartering, brokerage and acquisition services, and specialized security services. This is why so many of the world's most discerning travelers choose NetJets Inc. generation after generation. It is also because NetJets has the largest, most diverse private jet fleet in the world, which grants anytime access to even the most remote destinations across the globe. To learn more about the leader in private aviation, visit netjets.com today.

About Bombardier
Bombardier is a global leader in aviation, creating innovative and game–changing planes. Our products and services provide world–class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montral, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of over 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals.

News and information is available at bombardier.com or follow us on Twitter @Bombardier.
Visit the Bombardier Business Aircraft website for more information on our industry–leading products and services.

Bombardier, Global, Global 7500, Nuage and Soleil are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

For Information

Marie–Andre Charron
Bombardier
514–855–5001, ext. 26493
marie–andree.charron@aero.bombardier.com
KWT Global
netjets@kwtglobal.com

Two photos acompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/e02a8ab0–77bd–43d1–a0bb–d1f25cfcf865/fr
https://www.globenewswire.com/NewsRoom/AttachmentNg/e25bbb3f–93b8–4650–a4a5–ae26334255ab/fr


GLOBENEWSWIRE (Distribution ID 8405049)

The Carnrite Group Acquires NETZERO Middle East, Expands Energy Transition Offerings

DUBAI, United Arab Emirates, Dec. 02, 2021 (GLOBE NEWSWIRE) — The Carnrite Group ("Carnrite"), a management consultancy with offices in Houston, London, and Abu Dhabi, has agreed to acquire Dubai–based NETZERO Middle East ("NETZERO"). The acquisition will expand Carnrite's ability to help clients form and operationalize energy transition strategies. The transaction is expected to close by year–end 2021. Ashley Taylor, Managing Director of NETZERO, will join Carnrite as General Manager, Middle East & North Africa.

NETZERO specializes in carbon credits and offsets in voluntary carbon markets. Its clients include project developers, energy and industrial companies, and governments. NETZERO works with nature–based and engineered project developers to monetize carbon credits, while assisting companies in "hard–to–abate" sectors with sourcing high–quality offsets. Together with NETZERO, Carnrite's Energy Transition practice will be positioned to help clients measure, monitor, reduce, and offset emissions.

"We have built an ecosystem of partnerships with leading companies such as Persefoni and Data Gumbo. These relationships allow us to help clients efficiently measure and monitor their emissions. Beyond measurement, we've been working with clients in North America, Europe, and the Middle East to form energy transition strategies, decarbonize operations, and invest in low carbon and new energy projects like carbon capture and storage," said Nicholas Carnrite, Partner & Managing Director. "Our acquisition of NETZERO expands our suite of energy transition offerings and positions us to help clients offset remaining emissions."

Ashley Taylor added, "joining Carnrite gives NETZERO the global reach and resources needed to fully implement our business model and expand our offerings across the Gulf Cooperation Council countries and beyond. Together, we will serve as advisors in the voluntary carbon markets, while exploring whether there is an opportunity to identify, screen, aggregate, and secure funding for smaller–scale nature–based and engineered projects."

The NETZERO acquisition is the latest is a series of expansion moves by Carnrite. In 2020, Carnrite opened its first international office in London, United Kingdom and scaled new service offerings focused on Energy Transition and Digital Transformation. Earlier this year, Carnrite opened its office in Abu Dhabi, UAE. NETZERO will become a subsidiary of Carnrite's UAE holding company incorporated in Abu Dhabi Global Markets, which also has a subsidiary onshore Abu Dhabi.

About The Carnrite Group

The Carnrite Group is a management consultancy focused in the energy, industrial, and private equity sectors. From offices in Houston, Texas, London, United Kingdom, and the UAE, Carnrite deploys its unique combination of consulting and industry expertise to projects globally. Areas of expertise include strategy and transaction support, performance improvement, human capital, digital transformation, and the Energy Transition. To further augment its offerings Carnrite has assembled an innovative ecosystem of strategic partners that spans leading technologies and adjacent consulting services. Carnrite recognizes that its clients face difficult business decisions "" its mission is to make it easier for them.


GLOBENEWSWIRE (Distribution ID 8404588)

Sophi.io Wins at WAN-IFRA Digital Media Awards Worldwide 2021

TORONTO, Dec. 01, 2021 (GLOBE NEWSWIRE) — Sophi.io, The Globe and Mail's artificial intelligence–based automation, optimization and prediction engine, won WAN–IFRA's 2021 Digital Media Awards Worldwide award in the Best Paid Media Strategy category for Sophi Dynamic Paywall, its real–time, personalized paywall engine that analyses both content characteristics and user behaviour to determine when to ask a reader for money or an email address, and when to leave them alone.

The judges unanimously selected Sophi Dynamic Paywall as the winner, with one judge commenting: "What Globe and Mail did is state of the art and what I appreciate most is that they permanently tested against the old paywall so those results are really, really sustainable."

The World Association of News Publishers (WAN–IFRA)'s Digital Media Awards Worldwide is the news media industry's global digital media competition. The worldwide winners are selected from the winners of the regional Digital Media Awards in Africa, Asia, Europe, Latin America, the Middle East, North America and South Asia, which together provide news publishers with regular showcases for best–practice innovation in digital publishing worldwide. The awards recognize and celebrate the best of digital media.

"Sophi Dynamic Paywall has been crucial to driving reader revenue at The Globe and Mail," said Phillip Crawley, Publisher and CEO of The Globe and Mail. "I look forward to sharing more stories about how Sophi's other customers are seeing great results with our AI–powered technology."

Sophi is an artificial–intelligence system that helps publishers identify their most valuable content and leverage it to achieve key business goals. The Sophi suite of tools also consists of Sophi Site Automation which autonomously curates content across all of a publisher's digital properties and Sophi Content Paywall which uses complex natural language processing models to analyze every piece of content and select articles to put in front of or behind a hard paywall, maximizing the value of both the subscription revenue opportunity and the advertising revenue for publishers.

Publishers on five continents now use Sophi's AI and ML technology to power paywall decisions, website automation and print automation.

About Sophi.io

Sophi.io (https://www.sophi.io) was developed by The Globe and Mail to help content publishers make important strategic and tactical decisions. It is a suite of AI–powered tools that includes Sophi Site Automation and Sophi for Paywalls. Sophi is designed to improve the metrics that matter most to your business, such as subscriber retention and acquisition, engagement, recency, frequency and volume. Sophi also powers automated laydown of print and ePaper publishing.


GLOBENEWSWIRE (Distribution ID 8404073)

Luxury Portfolio International Releases State of Luxury Real Estate Report 2022

Number of Luxury Real Estate Sellers Increases Globally; Some Buyers Expressing FOMO (Strong Fear of Missing Out); Sustainability "Critically Important' Among Affluent Buyers Worldwide

Latest Report Comprises Data from Top 1–5% Bracket Surveyed Across 20 Countries, Representing an Affluent Population of Almost 32 Million Households

NEW YORK, Dec. 01, 2021 (GLOBE NEWSWIRE) — Luxury Portfolio International (LPI), the world's premier network of luxury residential real estate brokerages, is pleased to share the results of its 2022 State of Luxury Real Estate Report (SOLRE). The study comprises data from individuals in the top 1% to 5% income bracket across 20 countries, and touches on a broad range of topics crucial to the global luxury residential real estate market.

Most notably, the LPI report reveals a continuation of dominating home purchasing–related trends that began during Q3 2020 and continued throughout all of 2021, showing that demand for luxury real estate remains high; price increases expected to continue; supply remains lower than demand; time–on–the–market for luxury single–family homes often continues to "last just hours"; and sustainability is "Critically Important' (66 percent) when considering future home purchases.

The study also shows an increase in the number of affluent sellers of residential real estate worldwide; that among luxury homes buyers, the majority (74 percent) shared strong feelings of a personal economic confidence and still 75 percent are significantly concerned that their discretionary spending power could be tested soon.

And while 2022 is expected to continue at a fast pace, there are signs that the luxury residential real estate market will be increasingly stabilizing, a crucial step to avoid complications for a long–term, super–heated market.

With 75 percent of luxury home buyers choosing their next home with environmental sustainability headlining a broad range of findings from a study of the world's affluent households by Luxury Portfolio International (LPI), 2021 ends as one of the most robust luxury residential real estate markets in history.

"After a record–breaking year in luxury real estate, we anticipate that some balance will be restored to the market," said Mickey Alam Khan, President of LPI. "It is important to view the luxury market over a trajectory of several years, noting that half of 2020 was in paralysis due to the pandemic. The red–hot market that began in the latter part of 2020 continued into 2021 and will continue a positive trajectory into 2022. The difference will be that there will be more luxury sellers in 2022 than in 2021, and while there will be fewer actual luxury buyers, it is still a seller's market. The pandemic madness that drove us to an over–heated market is being normalized. Demand will remain strong, and a healthy, new normal in luxury real estate will start to take hold in 2022."

Sustainability, according to the study, is now a major differentiator in luxury homes, and buyers are willing to pay a premium to have features and amenities that better prepare them for the future. 75 percent of those surveyed noted choosing their next home with sustainability in mind, with an unprecedented 90 percent noting "yes" as to factoring sustainability in relation to a Next Chapter in Life home search. According to the study, a "Next Chapter in Life" home search pertains to those moving to be closer to family, because of their children's education, a career move, and other mitigating factors.

People interested in sustainability as a major factor of their home purchase are 71 percent more likely to view the purchase as a legacy home that will be passed on to their heirs. Further, as interest in sustainability grows, the quality of the buyer improves for the benefit of the seller, in that this buyer wants to transact sooner and for a relatively higher budget.

FOMO, or Fear of Missing Out is the feeling of anxiety that an exciting or interesting event may currently be happening elsewhere, often aroused by posts seen on social media. With a year at home and headlines touting the hot market, FOMO has become a significant concern for 26 percent of luxury buyers. FOMO manifests in different ways, first as a true "missed the boat" moment where prices extend beyond reach. A second concern "" equally impactful "" is arranging finances for major purchases.

While COVID–19 remains a significant concern, the study revealed that the market has already accounted for much of its effects. This compared to last year when the top trend in luxury real estate was finding a home that would accommodate the family that works from home.

That said, according to the study, working from home, is wearing on a substantial percentage of luxury home buyers. The Study revealed that 27 percent of luxury buyers cited working from home as a "significant concern.' Remote work and the associated frustration and stress of being home continues to play a significant role in the purchase decision process.

Buyers concerned about de–stressing their work–from–home environment noted diversions such as entertainment at home, night life nearby, and relaxation–inducing amenities like a spa/hot tub, a specialty cocktail scale, and specialty rooms for media and gaming.

Additional key findings from the research include:

  • Globally, the affluent class remains highly interested in purchasing residential real estate at any price, with a 33 percent increase year–over–year. There is no doubt that 2021 will end with a backlog of buyers, setting up 2022 as another strong year for luxury real estate.
  • Over 14 million affluent households remain interested in buying a residence, of which 6.4 million are in the luxury category. An additional 1.2 million luxury homeowners have found an interest in selling in the next 3 years, up 32 percent from last year. Record valuations no doubt play a key role in this decision.
  • Working together, these factors indicate global price stabilization and market normalization is in store for 2022 and beyond. What once appeared to be a wide chasm between the number of potential buyers and sellers (10.3MM buyers and 4.0MM sellers) is moving appropriately towards equilibrium (6.4MM buyers and 5.2MM sellers).
  • The global trend for residential real estate demand will continue to grow in 2022. The percentage of individuals in the market to purchase residential real estate by the end of 2022 increased from 19 percent in 2021 to 39 percent in 2022 in Europe, and from 30 percent in 2021 to 37 percent in 2022 in Asia/Pacific. 46 percent of those surveyed from the Middle East, specifically consumers from Saudi Arabia and the UAE have the greatest interest in acquiring residential real estate, as those individuals continue to diversify their holdings. North America shows modest growth from 21 percent in 2021 to 25 percent in 2022.
  • Luxury homeowners are coming around to selling. With new construction experiencing delays due to the challenges with goods and services, there is a consistent interest in existing homes. However, owners were not necessarily in the market to sell last year, and consequently the lack of inventory has been a significant price driver in most luxury markets. Now, it seems that luxury owners are convinced that the iron is hot and their interest in selling has increased by more than double (to 28 percent from 11 percent). In fact, 71 percent of owners believe their home value will increase this year, creating a strong incentive to sell. The average luxury homeowner expects an increase of approximately 4""5 percent compared to 3""4 percent last year.
  • Psychologically it remains a seller's market. In practice, we can expect a more balanced ratio of buyers and sellers in the years to come. As affluent consumers participate in the residential market, luxury–residence seekers are down 58 percent in 2021 (from 34 percent to 20 percent of the total affluent), while conversely, in this delicate balancing act, the number of luxury sellers is on the rise by 26 percent (up to 16 percent from 13 percent of the total affluent).
  • While the flight to suburbia has been a major COVID headline, the research reveals that city–center luxury residential real estate is alive–and–well. Over half of luxury buyers worldwide (55 percent) expect to buy their next residence in a city and 77 percent will be within commuting range. Notably, Asia–Pacific luxury buyers are significantly more likely to buy in the city center than their global counterparts.
  • Single–family home popularity surges beyond North America. The research revealed that the popularity of single–family homes is growing on a global scale, with 40 percent of Europe/Middle East buyers and 29 percent of Asia–Pacific buyers seeking the luxury of additional space and privacy. Year on year, demand for this type of housing is increasing as, collectively, shared living spaces are becoming less attractive to the luxury buyer. North America remains the top driver for demand of this type of residence.
  • A new class of entry–level luxury buyer enters the market. Across the full spectrum of affluent consumers, there is greater interest in purchasing real estate under $1 million. This signals a resurgence of upper–middle class buyers who delayed in purchasing due to the pandemic, or who are now willing and able to acquire. Consequently, this is creating an increase in the number of entry–level luxury buyers, up to 44 percent from 39 percent in the USD 1–1.9 million range. This democratic luxury–for–the–many effect is most pronounced in North America and less so in Asia Pacific and Europe/Middle East, where the wealthy class tends to skew toward relatively small groups of people with very high concentrations of wealth.

For additional information, and access to the report, click here: State of Luxury Real Estate 2022.

ABOUT LUXURY PORTFOLIO INTERNATIONAL (LPI)
Luxury Portfolio International (luxuryportfolio.com) is the leading network of the world's premier luxury real estate brokerages and their top agents, offering unparalleled marketing and intelligence services across the globe. It is the luxury arm of Leading Real Estate Companies of the World the global network of top independent real estate firms, with 550 companies and 150,000 sales associates in 70 countries. Last year, network members participated in over 1.3 million global transactions. LPI attracts a global audience of visitors from over 200 countries/territories every month and markets more than 50,000 luxury homes annually. Well Connected.

Source: Luxury Portfolio International

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GLOBENEWSWIRE (Distribution ID 8403637)

General Fusion closing oversubscribed $130 million transitional financing round

VANCOUVER, British Columbia, Nov. 30, 2021 (GLOBE NEWSWIRE) — General Fusion announced today it is closing an oversubscribed $130 million (USD) Series E funding round filled by a new syndicate of global investors. This financing, led by Temasek, significantly expands the company's portfolio of institutional, sovereign, family office, and high net worth investors, providing the prelude to a large financing round being prepared for 2022. Combined with broad financial support from the Canadian, U.K., and U.S. governments, the General Fusion Series E round supports aggressive pursuit of several near–term initiatives and milestones in its program to commercialize Magnetized Target Fusion (MTF).

In addition to a portfolio of important individual investors, which includes Jeff Bezos, Tobias Ltke, and Kam Ghaffarian, Series E brings a new syndicate of major institutional and family office investors to General Fusion. These anchoring investors include Temasek, GIC, the Jameel Investment Management Company (JIMCO), and the Business Development Bank of Canada (BDC), as well as broader participation from other capital market segments represented by investors such as a large U.S. state pension plan and the hedge fund firm Segra Capital.

“Segra Capital believes General Fusion is best positioned among its peer group to deliver fusion at a commercial scale in the near term,” said Adam Rodman, Founder and CIO, Segra Capital. “While Segra Capital has traditionally invested primarily in public markets, this compelling opportunity resonated with our core ESG and cleantech–focused partners, so we are excited to participate in this Series E financing and look forward to supporting the company in the future.”

“General Fusion's drive to shape the market for clean fusion energy is just one of the many reasons why JIMCO is investing in its commercialization program,” said Fady Jameel, a member of the Jameel Family's Investment Supervisory Board. “The global energy sector is undergoing tremendous change to secure a cleaner future for all, which JIMCO is passionate about and ready to support through investments like the one in General Fusion."

"With our 75–year history of investing in companies positively shaping the future of the core industries, we believe General Fusion's global, technologically–advanced solution to commercial fusion energy make them a leader in this growing industry."

"Collectively, the expansion of General Fusion's investor base in this Series E financing provides a strong foundation for a larger financing next year," said Greg Twinney, CFO, General Fusion. "From our technology's inception, we have had a laser focus on cultivating customers and creating a practical, clean energy solution that meets their needs. This approach resonates with investors looking to make an impact in the global energy transition."

With substantial capital support from both private and government sources, General Fusion has aggressively pursued deployment of its power–plant scale Fusion Demonstration Plant located at the UK Atomic Energy Authority's (UKAEA) Culham Centre for Fusion Energy near London. The company has also accelerated MTF technology development activities associated with its new Vancouver headquarters and opened a new facility adjacent to Oak Ridge National Laboratory in the U.S. Furthermore, General Fusion has created a Market Development Advisory Committee (MDAC) focused exclusively on fusion. The company's MDAC is currently comprised of nine leading energy companies and clean energy users representing critical markets for fusion's carbon–free, on–demand power.

"General Fusion's unique global presence, with facilities in three countries, allows us to be much more ambitious in pushing toward commercialization," said Christofer Mowry, CEO, General Fusion. "Our broad network of national laboratory and industrial partners, together with our advisory council of energy market end–users, positions General Fusion well to help the world achieve its net–zero carbon goals."

General Fusion interacted with, and appreciated the support of, several firms during the Series E financing process, including VAHOCA, based in Singapore, and Disruptive Technology Advisers LLC.

About General Fusion
General Fusion is pursuing the fastest and most practical path to commercial fusion energy and is based in Vancouver, Canada, with locations in London, U.K., and Oak Ridge, Tennessee, U.S.A. The company was established in 2002 and is funded by a global syndicate of leading energy venture capital firms, industry leaders, and technology pioneers. Learn more at www.generalfusion.com.

General Fusion Media Relations
Email: media@generalfusion.com
Phone: 1–866–904–0995

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GLOBENEWSWIRE (Distribution ID 8403320)