All Industries

May is Motorcycle Safety Awareness Month Gear Up for Safety with Airbags Save

YourUpdateTV

As the weather warms up, motorcycles become increasingly popular modes of transportation. Recently, President at Cycle Gear, Stevan Popovich, conducted a satellite media tour to talk about “Airbags Save", a national safety campaign aimed at raising awareness about innovative solutions in motorcycle safety and to share tips for safer riding experiences. A video accompanying this announcement is available at: https://youtu.be/FmNlhqh1jh4 While wearable airbag devices have been around for years, they are finally becoming attainable for the average rider. Like the airbag in cars, a wearable motorcycle airbag inflates in a fraction of a second to protect the rider in the event of a crash or impact. These airbags provide essential protection for the vital organs, including the spine, ribcage and even the neck/collarbone area, reducing up to 93% of impact force and the risk of injury. According to recent research by Darvin Research & Consulting, 42% of the U.S. adult population has a loved one that regularly rides a motorcycle. And 85% say they worry about the safety of their loved ones because they ride a motorcycle. Upon learning about wearable airbags, an overwhelming 96% expressed a desire for their loved ones to utilize this life-saving technology. Airbags Save is a multi-year effort to educate communities across the country about the evolution of motorcycle safety technology. Specifically, wearable airbags. Most people don’t know that wearable airbag technology has been around for years and protects riders every day. Here's what's essential to understand about motorcycle wearable airbags: Comfort and Wearability: They are designed as a vest, worn over clothing but under your typical riding jacket. They are engineered for comfort, ensuring that you barely notice them as you ride. Impact Absorption: In the event of deployment, the airbag envelops the torso, providing comprehensive protection. For instance, the Alpinestars Tech-Air 5 model is capable of absorbing up to 93% of the impact force, often allowing riders to escape potentially hospital-bound crashes. The often-televised motorcycle race crashes, where riders walk away without major injuries, are a testament to the airbag's protective capabilities. Types of Airbags: Two main varieties exist: Tethered: These are physically connected to the motorcycle, and if the rider is ejected from the bike, the tether initiates the inflation of the airbag. AI Algorithm-Driven: These incorporate a sophisticated internal computer system, complete with gyroscopes and accelerometers, to monitor the rider's motion 1,000 times per second. This technology is so advanced it can predict and respond to a crash faster than the rider's own reflexes. For a deeper dive into this life-preserving gear, visit CycleGear.com/airbags. Here, you can explore the various options and learn more about the advancements that are keeping riders safe on the roads. About Stevan Popovich Stevan Popovich is the President of Cycle Gear and oversees the operations of the country's largest power sports aftermarket omnichannel retailer, consisting of 165+ brick & mortar locations across over 40 states. With over 20 years of experience in the specialty outdoor sporting goods industry, Stevan began his journey as a General Manager of a small New England outdoor retail chain and has steadily advanced in the industry by mastering successful business processes and cultivating strong, trusting relationships with customers. Outside of his professional role, Stevan is an active member of the MIC Aftermarket Parts Committee and serves as a Board Member for the Right Rider Access Fund. His leadership philosophy revolves around empowering his team and ensuring accountability through managing performance outcomes. By aligning strategy with a deep understanding of the customer base, he facilitates growth and financial success. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

May 01, 2024 10:01 AM Eastern Daylight Time

Video

How Digbee's assessments are shaping Asante Gold's future sustainability

Digbee Limited

Digbee Limited founder and CEO Jamie Strauss and Asante Gold's executive vice president and country director Frederick Attakumah joined Proactive's Stephen Gunnion to discuss the impact of Digbee's assessments on Asante Gold's operations. Attakumah highlighted how the second Digbee assessment has been crucial for Asante Gold in demonstrating its commitment to sustainability and environmental standards. The assessment has enabled the company to communicate its initiatives effectively to stakeholders, including regulators and community members, helping to strengthen its corporate responsibility. Further, Attakumah outlined Asante's goals for the next 12 months, focusing on achieving zero harm in their operations, advancing their resettlement project, reviewing emergency and rehabilitation plans, and enhancing their climate resilience strategy. The transition to natural gas as a power source was noted as a significant step in reducing carbon emissions. Strauss discussed the broader implications of sustainability for the industry, emphasising that it is not merely a compliance measure but a significant value-add and a way to protect the social license to operate. He noted that effective management and communication of sustainability initiatives could lead to higher company valuations and lower the cost of capital. Contact Details Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

May 01, 2024 10:00 AM Eastern Daylight Time

Video

OYO Doubles Down on US Expansion, on Track to Add 250 New Hotels in 2024

OYO

Global travel technology company, OYO’s US operations today announced plans to significantly expand its footprint in the United States. The company aims to add more than 250 hotels in the US in 2024. Last year the company added ~100 hotels in the US, taking the total count to over 320 hotels. This expansion will focus on some new as well as existing markets including Miami, New York City, San Francisco, San Jose, Boston, New Jersey, Las Vegas, Los Angeles, Manchester, Orlando, and San Diego. OYO was launched in the U.S. in 2019 and since then, has established a presence in over 35 states. “We are seeing tremendous interest from hotel owners to partner with OYO as we have demonstrated our ability to drive significant revenue uplift for our hotel partners. Our operational expertise allows us to rapidly scale and deliver an exceptional experience for guests across the country, while also driving strong financial results for our hotel partners,” said Gautam Swaroop – CEO OYO International. Nikhil Heda, Head of Business Development – OYO US added, “We have seen strong growth potential in major markets in the US such as Florida, Nevada and California to site a few. With the company wide focus on sustainable growth, coupled with introduction of new tech-integrated business solutions to support the ever-evolving needs of our valued patrons, OYO is well poised to expand it footprint across the US in the months to come. As a matter of fact, we have been consistently adding more than a 1000 SRNs (Sellable Rooms Nights) every month. The eventual objective is to ensure that every 1 in 10 hotels in the US can proudly associate itself with the OYO brand.” The company recently reported that it has outpaced the budget hotel industry’s per room revenue (RevPar) growth in 2023. While OYO's per room revenue witnessed a ~17% growth in 2023, the budget hotel segment in the US’s per room revenue saw a 9% decline y-o-y in 2023, according to the STR report. Occupancy rates across OYO hotels in the US surged by ~9% y-o-y in 2023, whereas Average Room Rate (ARR) recorded 7% growth in 2023 as compared to 2022. OYO recently announced that it has partnered with Stripe to ease the payment experience for its customers and hotel owners in the US. The integration will provide hotel owners with a flexible and seamless solution for in-person payments with Stripe Terminal at their hotels. OYO hotels in the US will also be enabled with real-time payouts through Instant Payouts with Stripe, which will improve their cash flow. OYO also announced the launch of a virtual front desk solution for its partner hotels in the US. The self-check-in technology is integrated with smart lock systems, allowing guests to enjoy keyless entry and exit without the need for physical key cards. Round-the-clock virtual front desk powered by ChatGPT reduces front desk operations expenses by ~60%, saving an average OYO hotel ~$30,000 annually. The virtual front desk supports 80+ languages and promptly assists guests in their preferred language, addressing queries and concerns in real-time. Additionally, the system automates payment collection, streamlining the entire process for a hassle-free experience. OYO has presence in over 35 countries globally. It owns a vacations home business in Europe called OVH (OYO Vacation Homes) which operates legacy brands such as DanCenter and Belvilla. About OYO: OYO is a global platform that aims to empower entrepreneurs and small businesses with hotels and homes by providing full-stack technology products and services that aim to increase revenue and ease operations; bringing easy-to-book, affordable, and trusted accommodation to customers around the world. OYO offers 40+ integrated products and solutions to patrons who operate over 168,711 hotel and home storefronts in more than 35 countries including India, Europe and Southeast Asia, as of September 30, 2022. For more information, visit here Disclaimer: Oravel Stays Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares (the “Equity Shares”) and has filed the Draft Red Herring Prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges, i.e., BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively, and is available on the websites of the Global Coordinators and Book Running Lead Managers, i.e., Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited and Citigroup Global Markets India Private Limited at www.investmentbank.kotak.com, www.jpmipl.com and www.online.citibank.co.in; the websites of the Book Running Lead Managers, i.e., ICICI Securities Limited, Nomura Financial Advisory and Securities (India) Private Limited, JM Financial Limited and Deutsche Equities India Private Limited at www.icicisecurities.com, www.nomuraholdings.com/company/group/asia/india/index.html, www.jmfl.com and www.db.com/India, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, refer to the Red Herring Prospectus which may be filed with the Registrar of Companies in the future, including the section titled “Risk Factors”. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision. The Equity Shares offered in the Fresh Issue (as defined in the DRHP) and the Offer for Sale (as defined in the DRHP) have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States only to “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) in transactions exempt from, or not subject to, the registration requirements under the Securities Act, and (ii) outside the United States in offshore transactions in reliance on Regulation S under the Securities Act and pursuant to the applicable laws of the jurisdictions where those offers and sales are made. There will be no public offering of the Equity Shares in the United States. Contact Details Anupriya +91 97911 63065 anupriya.d@oyorooms.com Company Website https://www.oyorooms.com/

May 01, 2024 10:00 AM Eastern Daylight Time

News Release

ASHKENAZY ACQUISITION CORP TRANSFORMS VERNON HILLS RETAIL VILLAGE

Ashkenazy

Ashkenazy Acquisition Corporation, a private real estate investment firm owned by Ben Ashkenazy, is proud to announce that it has revitalized Vernon Hills Village, the premier, open-air retail village in the heart of Westchester County, serving more than one million residents and visitors. Vernon Hills Village boasts more than 20 curated retail, entertainment, and food experiences, including newly signed tenants such as Nike, Sephora, Lululemon, Pottery Barn, Ever/Body, Sweetgreen, Serafina, and Starbucks. Ashkenazy is devoted to continually providing the most welcoming, interactive experiences at Vernon Hills Village, which is now 100 percent leased. Vernon Hills Village is an upscale, open-air retail village located on White Plains Road, a short drive from White Plains’ thriving business district, and surrounded by picturesque towns, quaint villages, parks, and other green spaces. The eclectic mix of coveted lifestyle brands serve shoppers both locally and those who travel from many miles away. “We’re excited to introduce these leading lifestyle brands into Vernon Hills Village, infusing a new level of energy and excitement into a long-time shopping destination in Westchester County,” said Joe Press, COO of Ashkenazy Acquisition. “Consumers crave in-person experiences that allow them to interact directly with retailers and each other in a vibrant, communal setting with shopping and dining options for the whole family. Our capital improvements and leasing initiative at this outstanding property further reflects our dedication to delivering best-in-class, irreplaceable assets with a sense of vitality.” The revitalization and upscale leasing at Vernon Hills Village is part of Ben Ashkenazy’s broader business model, investing in and renovating best-in-class, irreplaceable retail destinations in key markets throughout the United States. Additional Ashkenazy locations include Bayside Marketplace in Miami, Shops at Rivercenter in San Antonio, and Shops at the Bravern in Seattle, and Beverly Connection, in Los Angeles, among many others. Note: Images of Vernon Hills Village are available here About Ashkenazy Acquisition Corporation Headquartered in New York City, Ashkenazy Acquisition Corporation is a private real estate investment firm focusing on the acquisition, development, asset management and marketing of retail, hotel, and office assets. Ashkenazy Acquisitionâs portfolio boasts over 15 million square feet of retail, hospitality, office, and residential properties, located throughout the United States, Canada and England. With a portfolio containing more than 100 buildings valued at approximately $12 billion, Ashkenazy Acquisition has a superior performance history in purchasing and managing premier assets worldwide. Ashkenazy Acquisition is comprised of an experienced team of in-house, seasoned professionals, with deep experience in acquisitions, finance, construction, leasing, development and marketing. The integrated team of real estate professionals offers exceptional expertise at all levels of the transaction and subsequent management. Contact Details Marino Russ Colchamiro +1 646-285-5137 rcolchamiro@marinopr.com

May 01, 2024 10:00 AM Eastern Daylight Time

Empire Metals focuses on titanium potential at Pitfield project after strategic refinement

Empire Metals Ltd

Empire Metals Ltd (AIM:EEE) managing director Shaun Bunn takes Proactive's Stephen Gunnion through key updates and strategic decisions impacting the company. Bunn highlighted that the company secured all mineral rights for its Pitfield titanium project in Western Australia, which he said cleared up market confusion over rights entitlement. This consolidation under a single joint venture precludes third-party interferences in their operations, especially important for their titanium mineral project. Additionally, he said Empire Metals decided not to proceed with the acquisition of the Staveley project in Victoria, opting to focus resources on the Pittsfield project, reflecting a strategic refinement towards more promising ventures. The Pittsfield project has shown encouraging progress, with recent drill results revealing high-grade titanium intercepts. Bunn noted that drilling across a 30km strike has consistently intersected titanium mineralization, indicating a significant potential resource base. The company plans to compile comprehensive assay results before the next announcement, aiming to outline the resource's potential further. Bunn expressed confidence in the project's progress and the team's capabilities, emphasizing the strong forward momentum and upcoming developments in mineralogy and metallurgical work. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 01, 2024 09:57 AM Eastern Daylight Time

Video

Poolbeg Pharma and Silk Road Therapeutics announce strategic collaboration on novel orphan drug

Poolbeg Pharma PLC

Poolbeg Pharma PLC CEO Jeremy Skillington and Tim Coté CEO of Silk Road Therapeutics join Proactive's Stephen Gunnion with details of an exclusive 12-month option agreement with Silk Road Therapeutics for Poolbeg to acquire a novel topical drug aimed at treating oral ulcers in patients with Behçet's disease, a rare and debilitating condition. Skillington said the move is aligned with Poolbeg's strategic focus on rare and orphan diseases. Coté, with an extensive background in orphan drug approvals from his time at the FDA, highlighted the potential of the drug given its unique formulation and unmet need in the market. He explained the severe impact of Behçet's disease, underscoring the innovative potential of their topical treatment in improving the quality of life for those affected. Both CEO expressed optimism about their collaboration's potential to fast-track this novel treatment to market, leveraging Poolbeg’s and Silk Road's combined expertise. Furthermore, Skillington provided insights into Poolbeg’s financial health and strategic developments over the past year, mentioning a robust cash position of £12.2 million at the end of 2023. He emphasised the company's disciplined capital allocation and the expansion of its intellectual property portfolio. Looking ahead, Skillington outlined Poolbeg's focus on progressing its pipeline, particularly ongoing projects like POLB001 in the oncology sector, addressing cytokine release syndrome—a critical side effect in cancer immunotherapies. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 01, 2024 09:51 AM Eastern Daylight Time

Video

One Media iP CEO discusses robust 2023 performance and innovations in music rights management

One Media iP Group PLC

One Media iP Group PLC CEO Michael Infante takes Proactive's Stephen Gunnion through the company's 2023 financial performance, describing it as robust and in line with expectations despite a challenging global context. Infante highlighted the resilience and profitability of the business, which has maintained a focus on recurring income from music rights. The company continues to pay dividends and has successfully navigated challenges that have impacted larger firms. Infante also detailed advancements in its technical copyright analysis tool (TCAT) subsidiary, developed to detect music piracy across major platforms like Spotify and Apple Music. The software, leveraging AI, aids in combating the increasingly complex issue of music piracy. Further, Infante introduced a new desktop application called TCAT Protect, designed to help artists and labels ensure their music tracks on streaming platforms are correctly reported and compensated. This tool is set for launch by the end of May and represents a significant step forward in music rights management. Operational highlights from the year include the acquisition of the licensor's income share of the Entertain Me catalog and the renewal of their distribution deal with The Orchard. Infante also noted the industry's structural trends, mentioning the resurgence of vinyl and its impact on their business strategy. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 01, 2024 09:48 AM Eastern Daylight Time

Video

Ondo InsurTech 'exceeds expectations' with rollout of LeakBots to Nationwide clients in US

Ondo InsurTech PLC

Ondo InsurTech PLC (LSE:ONDO) chief executive Craig Foster joins Proactive's Stephen Gunnion with an update on the deployment of its LeakBot devices to Nationwide clients in the United States. Foster said since partnering with Nationwide, one of the US's largest home insurance companies, in November, the first deployment in the state of Ohio had exceeded expectations, with an installation rate of over 70%, significantly higher than usual rates. He said the unsolicited shipment approach used, led to this high uptake. Further deployments are anticipated following this initial success, with discussions ongoing about expansion into additional states. Additionally, Foster touched on Ondo InsurTech's broader US operations, noting launches in Washington, New Jersey, and New York with various insurance partners, all receiving positive feedback. Foster emphasized the similarity of customer service and claims results between the US and Europe, reinforcing confidence in the firm's strategy. The company sees significant potential in tackling the US home insurance market's $16 billion annual problem related to water damage, positioning its technology as a unique solution. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 01, 2024 09:46 AM Eastern Daylight Time

Video

Atrato Capital CIO discusses strategic French market expansion with Carrefour acquisition

Supermarket Income REIT PLC

Atrato Capital chief investment officer Steven Noble joins Proactive's Stephen Gunnion with news that Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) has acquired a portfolio of 17 omnichannel supermarkets in France from Carrefour through a sale and leaseback transaction valued at €75 million. The deal ensures a leaseback to Carrefour for 12 years, yielding an initial return of 6.3% with the advantage of annual uncapped inflation-linked rent reviews. Noble emphasized that this move aligns with Atrato Capital's ongoing strategy to focus on omnichannel stores, crucial for both online and in-store grocery sales. The acquisition not only fits its existing investment strategy but also expands its addressable market to the French grocery sector, valued at €284 billion. France was specifically chosen due to its significant online growth potential and Carrefour's strong market position and omnichannel capabilities. Although the UK remains its core market, Noble hinted at possible future acquisitions in Europe to increase shareholder value, maintaining its strategic approach towards omnichannel grocery property investments. This expansion into France with Carrefour is viewed as a natural progression of Supermarket Income REIT's business model, providing promising growth and long-term valuation opportunities. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 01, 2024 09:44 AM Eastern Daylight Time

Video

1 2 3 4 5 6 ... 3529