Market Newsdesk

NEW YORK
, July 18, 2022 /PRNewswire/ — Creatd, Inc. (Nasdaq CM: CRTD) (“Creatd” or the “Company”) would like to remind investors that the Company will be hosting its upcoming Investor Day on Thursday, July 21, 2022. Registration is currently open for the event, offering both in-person and virtual attendance options.

The Investor Day will feature a presentation from management and include a preview of the soon-to-be released Vocal app, as well as a discussion of the Company’s previously announced $40MM Rights Offering.

Commented Creatd Executive Chairman and Founder Jeremy Frommer, “Our team has worked tirelessly to synthesize our story. The Rights Offering is our most important financing since our Uplisting to the Nasdaq in September, 2020. I am looking forward to meeting with so many past, current, and future shareholders at the in-person event at our New York corporate office.”

To register to attend Creatd’s 2022 Investor Day, please visit the following link and fill in the requested details: https://creatd.com/investor-day-2022. Once registered, you will be notified when the presentation goes live at approximately 4:30 PM Eastern Time.

Those interested in being considered for in-person attendance may fill in the request form, found here. The in-person event will take place at Creatd’s headquarters in downtown New York City. Due to event capacity, seats will be limited.

About Creatd

Creatd, Inc. (Nasdaq CM: CRTD) is a company dedicated to unlocking creativity for creators, brands, and consumers. We accomplish this through Creatd’s four business pillars: Creatd Labs, Creatd Partners, Creatd Ventures, and Creatd Studios.

Creatd: https://creatd.com;

Creatd IR: https://investors.creatd.com;

Vocal Platform: https://vocal.media;

Investor Relations Contact: [email protected]

Forward-Looking Statements

Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings.

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SOURCE Creatd, Inc.

DOVER, Del.
, July 18, 2022 /PRNewswire/ — Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, August 4, 2022, at 4:00 p.m. ET to discuss the Company’s financial results for the second quarter ended June 30, 2022. The earnings press release will be issued on Wednesday, August 3, 2022, after market close.

To participate in this call, dial 877.224.1468 and reference Chesapeake Utilities Corporation’s 2022 Second Quarter Financial Results Conference Call.

To access the replay recording of this call, please visit the Events & Presentations section of the Investors page on www.chpk.com.

Chesapeake Utilities Corporation

Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock Exchange. Chesapeake Utilities Corporation offers sustainable energy solutions through its natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions, and other businesses. For more information, visit www.chpk.com.         

Please note that Chesapeake Utilities Corporation is not affiliated with Chesapeake Energy, an oil and natural gas exploration company headquartered in Oklahoma City, Oklahoma.

For more information, contact: 
Alex Whitelam 
Head of Investor Relations 
[email protected]
215.872.2507

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SOURCE Chesapeake Utilities Corporation

Test shows maturation of operationally relevant weapon concept

TUCSON, Ariz.
, July 18, 2022 /PRNewswire/ — Raytheon Missiles & Defense, a Raytheon Technologies (NYSE: RTX) business, in partnership with Northrop Grumman (NYSE: NOC), successfully completed its second flight test of the scramjet-powered Hypersonic Air-breathing Weapon Concept, or HAWC, for the Defense Advanced Research Projects Agency and the U.S. Air Force.

This flight test applied the data and lessons learned from the first flight to mature the operationally relevant weapon concept design. The test met all primary and secondary objectives, including demonstrating tactical range capabilities.

“The test demonstrated how we’ve rapidly matured affordable scramjet technology, which is the basis for air-breathing weapons,” said Colin Whelan, president of Advanced Technology for Raytheon Missiles & Defense. “Our second HAWC flight test success is an important milestone for our nation as we advance hypersonic systems.”

During the flight test, after releasing HAWC from an aircraft and accelerating to hypersonic speeds using the scramjet engine, the vehicle flew a trajectory that engineers designed to intentionally stress the weapon concept to explore its limits and further validate digital performance models. These models, grounded in real-world flight data, are being used to accurately predict and increase performance as the system matures.

“The second flight test is a big step toward scramjet technology being mission ready,” said Dan Olson, vice president and general manager of Weapon Systems for Northrop Grumman. “Nearly twenty years of scramjet propulsion research and development have come to fruition to significantly advance our nation’s weapon capabilities.” 

Scramjet engines use high vehicle speed to forcibly compress incoming air before combustion to enable sustained flight at hypersonic speeds – Mach 5 or greater. The system was designed to use a widely available hydrocarbon fuel, and since it uses air for combustion, it does not have to carry the added weight of an onboard oxidizer. These key attributes allow for a safe, efficient, and tactically sized, long-range hypersonic weapon. By traveling at these speeds, hypersonic weapons like HAWC can reach their targets more quickly than traditional missiles, allowing them to potentially evade defense systems. 

Raytheon Missiles and Defense and Northrop Grumman have been working together since 2019 to develop, produce and integrate Northrop Grumman’s scramjet engines onto Raytheon’s air-breathing hypersonic weapons. Their combined efforts enable both companies to produce air-breathing hypersonic weapons, the next generation of tactical missile systems.

About Raytheon Technologies

Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With four industry-leading businesses ― Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense ― the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics, and quantum physics. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Arlington, Virginia.

About Northrop Grumman

Northrop Grumman is a technology company focused on global security and human discovery. Our pioneering solutions equip our customers with capabilities they need to connect, advance and protect the U.S. and its allies. Driven by a shared purpose to solve our customers’ toughest problems, our 90,000 employees define possible every day.

Media Contact

Lindsey Drummey

[email protected]

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SOURCE Raytheon Missiles & Defense

Proposed plan would expand investments in smart grid technology

AKRON, Ohio
, July 18, 2022 /PRNewswire/ — FirstEnergy Corp.’s (NYSE: FE) Ohio utilities – Ohio Edison, Cleveland Electric Illuminating Company and Toledo Edison – have filed a plan with the Public Utilities Commission of Ohio (PUCO) that would expand investments in smart grid technology, including equipment to help reduce the frequency and duration of power outages for customers.

The filing, known as Ohio Grid Mod II, proposes a four-year, $626 million investment plan that builds upon system upgrades completed since the PUCO approved the utilities’ Grid Mod I plan in 2019. To date, that program has resulted in improved outage restoration times for customers in areas where the smart technology was installed. For example, thousands of Ohio Edison customers in Trumbull and Mahoning counties in northeast Ohio have seen their average restoration times improve by nearly half an hour in more complex outage scenarios, such as equipment damage from severe weather or a vehicle accident. Improvements have also been realized in the Cleveland Electric Illuminating Company and Toledo Edison territories.

“The projects we’ve completed under Grid Mod I have proven to be successful in reducing many power interruptions. This has laid the foundation for us to further enhance service reliability across our entire service area in Ohio,” said Sam Belcher, senior vice president of FirstEnergy Operations. “While events out of our control, like severe weather or vehicle accidents, still have the potential to cause outages, the proposed plan will allow us to enhance our results from Grid Mod I and expand the work to areas of our service territory that have not yet benefited from these enhancements.”

Key components of Grid Mod II include installing:

• Automated equipment on nearly 240 distribution grid sections that can automatically isolate problems, minimize the number of customers impacted by an outage and quickly restore electric service;
• Voltage regulating equipment on nearly 220 grid sections that can provide energy savings by reducing the amount of electricity that must be generated and that allows all customers served by a single power line to receive the same flow of safe, reliable power by evenly distributing electricity down the line;
• 700,000 smart meters along with the necessary supporting communications infrastructure and data management system.

The Grid Mod II smart meter program follows installation to date of approximately 704,000 smart meters as part of Grid Mod I. As the latest in metering technology, smart meters enable customers to better track their energy consumption and eliminate estimated readings. Through the “My Account” feature on www.firstenergycorp.com, customers have access to a variety of tools and information that can help them understand usage and manage electricity costs. Smart meters also can be leveraged by customers electing to enroll in programs like time-varying rates, which can provide price incentives to reduce electricity use during high demand periods throughout the day.

In addition, Grid Mod II would offer smart thermostat rebates of $50 per thermostat and customer energy management reports for residential customers that will further enable them to manage their energy usage. In the future, smart meter benefits also will include the ability to detect and locate outages more quickly and provide more accurate and timely storm restoration information.

The filing also includes several pilot programs that could provide enhanced customer benefits, such as:

• Programs designed to support the adoption of electric vehicles (EV) across the company’s Ohio service territories. Central to these programs is the testing of higher capacity residential and commercial EV chargers that can charge vehicles faster, the ability to reduce costs by shifting charging demand away from peak demand periods and the use of EV chargers that permit the bidirectional flow of power so that certain EVs can both draw from and contribute power to the grid. The residential program will consist of up to 600 EV charging ports at residential customer homes, and residential customers electing to participate will receive incentives of up to $750. Two commercial programs offered as part of the pilot include incentives of up to $2,000 per EV charging port for up to 300 commercial customer locations, and incentives of up to $20,000 for up to six commercial or governmental customers with ten or more fully electric vehicles capable of bidirectional power flow.
• Installing a battery energy storage system designed to support increased EV charging load along the Ohio Turnpike and enhance grid reliability.
• Installing automated devices in neighborhoods throughout Ohio Edison and Toledo Edison’s service areas, particularly in areas prone to animal- or tree-related outages. The devices work like a circuit breaker in a home that shuts off power when trouble occurs, with the added benefit of automatically reenergizing power lines within seconds for certain types of outages to keep power safely flowing to customers.

“The benefits of Grid Mod II for our Ohio customers through enhanced reliability, energy efficiency opportunities and innovative products and services are estimated to exceed the costs of the program by nearly $280 million in today’s dollars,” said Belcher. “We are excited to enhance the delivery of safe, reliable power through this investment while also promoting modern experiences and emerging technologies that can ultimately help lower energy bills to our customers.”

If approved by the PUCO, a typical FirstEnergy Ohio utility residential customer could expect to see an average monthly charge of about $2.40 for the length of the Grid Mod II plan. The proposed plan includes protections for customers, such as caps on recovery of Grid Mod II costs, annual PUCO audits, the companies’ reporting of metrics and a quarterly collaborative meeting with stakeholders.

FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation’s largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company’s transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy on Twitter @FirstEnergyCorp or online at www.firstenergycorp.com.

Editor’s Note: Photos of FirstEnergy utility crews completing the grid modernization work under the previously approved plan are available for download on Flickr. Video footage/B-Roll of FirstEnergy utility crews completing grid modernization work can be viewed and downloaded here.

Forward-Looking Statements: This news release includes forward-looking statements based on information currently available to management. Such statements are subject to certain risks and uncertainties and readers are cautioned not to place undue reliance on these forward-looking statements. These statements include declarations regarding management’s intents, beliefs and current expectations. These statements typically contain, but are not limited to, the terms “anticipate,” “potential,” “expect,” “forecast,” “target,” “will,” “intend,” “believe,” “project,” “estimate,” “plan” and similar words. Forward-looking statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, which may include the following: the completion of the Tender Offer; the potential liabilities, increased costs and unanticipated developments resulting from government investigations and agreements, including those associated with compliance with or failure to comply with the Deferred Prosecution Agreement entered into on July 21, 2021 with the U.S. Attorney’s Office for the Southern District of Ohio; the risks and uncertainties associated with government investigations and audits regarding Ohio House Bill 6, as passed by Ohio’s 133rd General Assembly (HB 6) and related matters, including potential adverse impacts on federal or state regulatory matters, including, but not limited to, matters relating to rates; the risks and uncertainties associated with litigation, arbitration, mediation, and similar proceedings, particularly regarding HB 6 related matters, including risks associated with obtaining court approval of the definitive settlement agreement in the derivative shareholder lawsuits; weather conditions, such as temperature variations and severe weather conditions, or other natural disasters affecting future operating results and associated regulatory actions or outcomes in response to such conditions; legislative and regulatory developments, including, but not limited to, matters related to rates, compliance and enforcement activity, cybersecurity, and climate change; the ability to accomplish or realize anticipated benefits from our FE Forward initiative and our other strategic and financial goals, including, but not limited to, overcoming current uncertainties and challenges associated with the ongoing government investigations, executing our transmission and distribution investment plans, greenhouse gas reduction goals, controlling costs, improving our credit metrics, growing earnings, and strengthening our balance sheet; the risks associated with cyber-attacks and other disruptions to our, or our vendors’, information technology system, which may compromise our operations, and data security breaches of sensitive data, intellectual property and proprietary or personally identifiable information; mitigating exposure for remedial activities associated with retired and formerly owned electric generation assets; the ability to access the public securities and other capital and credit markets in accordance with our financial plans, the cost of such capital and overall condition of the capital and credit markets affecting FirstEnergy, including the increasing number of financial institutions evaluating the impact of climate change on their investment decisions; the extent and duration of the COVID-19 pandemic and the related impacts to our business, operations and financial condition resulting from the outbreak of COVID-19 including, but not limited to, disruption of businesses in our territories, supply chain disruptions, additional costs, workforce impacts and governmental and regulatory responses to the pandemic, such as moratoriums on utility disconnections and workforce vaccination mandates; actions that may be taken by credit rating agencies that could negatively affect either our access to or terms of financing or our financial condition and liquidity; changes in assumptions regarding factors such as economic conditions within our territories, the reliability of our transmission and distribution system, or the availability of capital or other resources supporting identified transmission and distribution investment opportunities; changes in customers’ demand for power, including, but not limited to, economic conditions, the impact of climate change, or energy efficiency and peak demand reduction mandates; changes in national and regional economic conditions, including recession and inflationary pressure, affecting FirstEnergy and/or its customers and those vendors with which FirstEnergy does business; the potential of non-compliance with debt covenants in our credit facilities; the ability to comply with applicable reliability standards and energy efficiency and peak demand reduction mandates; changes to environmental laws and regulations, including, but not limited to, those related to climate change; changing market conditions affecting the measurement of certain liabilities and the value of assets held in our pension trusts, or causing FirstEnergy to make contributions sooner, or in amounts that are larger, than currently anticipated; labor disruptions by our unionized workforce; changes to significant accounting policies; any changes in tax laws or regulations, or adverse tax audit results or rulings; and the risks and other factors discussed from time to time in our Securities and Exchange Commission filings.  These forward-looking statements are also qualified by, and should be read together with, the risk factors included in FirstEnergy’s filings with the SEC, including, but not limited to, the most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The foregoing review of factors also should not be construed as exhaustive. New factors emerge from time to time, and it is not possible for management to predict all such factors, nor assess the impact of any such factor on FirstEnergy’s business or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statements. FirstEnergy expressly disclaims any obligation to update or revise, except as required by law, any forward-looking statements contained herein or in the information incorporated by reference as a result of new information, future events or otherwise.

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SOURCE FirstEnergy Corp.

ROCHESTER, N.Y.
, July 18, 2022 /PRNewswire/ — Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or, the “Company”), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, is pleased to announce that the Company will host a conference call regarding its second quarter 2022 operating results at 4:30 PM Eastern Time (ET), August 9, 2022. 

To join the live conference call, please dial 877-709-8150 (U.S. and Canadian callers) or 201-689-8354 (international callers outside of the U.S. and Canada) 10 to 15 minutes prior to the scheduled call time. Participants can also click this link for instant telephone access to the event. The link will become active approximately 15 minutes prior to the start of the conference call. 

Additionally, a live and archived webcast of the conference call will be available on the investor relations page of the Company’s website at: https://ir.vuzix.com/ or directly at https://event.choruscall.com/mediaframe/webcast.html?webcastid=q6sCimQK. 

Participating on the call will be Vuzix Chief Executive Officer and President Paul Travers and Chief Financial Officer Grant Russell, who will discuss operational and financial highlights for the quarter ended June 30, 2022. 

Investors who would like to submit questions to management for response during the call’s Q&A session, time permitting, can do so by emailing Ed McGregor at [email protected] prior to the start of the call. 

Telephonic and webcast replays will be available for 30 days starting on August 9, 2022 at approximately 5:30 PM (ET). To access the telephonic replay, please dial 877-660-6853 in the U.S. or Canada and 201-612-7415 for international callers. The conference ID# is 13731800. 

About Vuzix Corporation 

Vuzix is a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The Company’s products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality. Vuzix holds 246 patents and patents pending and numerous IP licenses in the Video Eyewear field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2022 and several wireless technology innovation awards, among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in Rochester, NY, Oxford, UK, and Tokyo, Japan.  For more information, visit the Vuzix website,  Twitter and Facebook pages. 

Media and Investor Relations Contact: 

Ed McGregor, Director of Investor Relations 
Vuzix Corporation 
[email protected] 
Tel: (585) 359-5985 

Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA, 
Investor Information – [email protected]  www.vuzix.com  

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SOURCE Vuzix Corporation

Purpose-driven approach addresses clients’ biggest challenges and creates more pathways to financial inclusion

CHARLOTTE, N.C.
, July 18, 2022 /PRNewswire/ — Truist Financial Corporation (NYSE: TFC) today announced the launch of Truist One Banking—two new accounts that empower clients to take more control of their banking needs and avoid overdraft fees. Created with purpose in mind, these solutions are designed to help clients build a stronger financial future. Both accounts are available today to eligible clients.

Truist One Checking provides a simpler checking experience with no overdraft fees, easy ways to waive maintenance fees, and, for eligible clients, a buffer for accidental overspending. The Truist Confidence Account, the new alternative checkless account, provides consumers with access to mainstream banking services with no overdraft fees.

“Truist One Banking is a purpose-driven approach to banking designed to offer more accessible solutions to all,” said Truist Chairman and Chief Executive Officer Bill Rogers. “We’re committed to inspiring and building better lives and communities by creating financial solutions that enable more clients to build a stronger financial future.”

Highlights of the flagship Truist One Checking account include:

• No overdraft fees
• Up to $100 negative balance buffer for qualifying clients so transactions go through at no extra charge
• 10% to 50% more rewards on select Truist credit cards

The Truist Confidence Account is designed for clients seeking to create a stable financial foundation and build strong money management habits. It provides clients with more control over their finances by typically allowing them to spend only what they have in their account. Additional benefits include:

• Use of Truist bill pay or Zelle® to send money at no cost
• Access to more than 2,100 branches, 3,000 ATMs, digital and online banking, and the Truist Contact Center for help with banking questions

“Our clients told us they want less complexity, more convenience, and freedom from worry about overdraft charges, and we’re delivering on that with Truist One Banking,” said Truist Chief Retail and Small Business Banking Officer Dontá Wilson. “As we reimagine the financial services experience with our clients, we’re putting care into every interaction and changing lives for the better.” 

In April of this year, in response to client feedback, Truist discontinued fees for returned items, negative account balances, and overdraft protection transfers for consumer accounts. These changes, along with the client benefits from the new accounts announced today, will result in saving clients an estimated $300 million per year by 2024.

Truist is committed to creating multiple opportunities to empower clients and communities with financial inclusion, including:

• Expanding the largest banking partnership with Operation HOPE through a $20 million Operation HOPE investment to offer financial coaching services at no cost to 680 Truist branches. Investment will also help start, grow, and scale 1 million new Black-owned businesses by 2030
• Partnering with Commonwealth via the BlackRock Emergency Savings Initiative to conduct a pilot program offering clients without savings an incentive and framework to start building an emergency fund
• Partnering with the Bank Policy Institute to publish the Child Tax Credit Toolkit – a resource intended to assist banks to close the CTC distribution gap for over 4 million eligible children
• Promoting Child Tax Credit awareness and access with modules on all digital financial education platforms

About Truist

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Truist has leading market share in many high-growth markets in the country, and offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is a top 10 U.S. commercial bank with total assets of $544 billion as of March 31, 2022. Truist Bank, Member FDIC. Learn more at Truist.com.

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SOURCE Truist Financial Corporation