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Coastal Community Bank is making its first move towards the Metaverse with 3D Game and Marketplace

EVERETT, Wash., June 20, 2023 (GLOBE NEWSWIRE) — Coastal Financial Corporation (Nasdaq: CCB), the Bank holding company for Coastal Community Bank, is making its first move towards the Metaverse. The Bank Holding Company revealed Coastal World, an immersive 3D web platform that promotes, educates, and informs visitors about digital banking solutions that best fit their lifestyle, values, or specific financial situations through a fun and engaging online experience.

Eric Sprink, Chief Executive Officer, stated, “We consider this to be our first big step towards a marketplace in the Metaverse, marking a milestone for us. It signifies another stride towards connecting with our customers through innovative methods.”

Coastal World provides a gamified experience for digitally savvy users hungry for a different way to manage their money. Modeled after the San Juan Islands in Washington State, where the company is based, Coastal World is the setting for visitors to explore the islands by foot or boat, participate in games, help islanders, and earn Coastal Points with each activity. Users can visit the virtual store and use points earned on the platform to buy accessories for their avatars. Users can also engage with financial technology (Fintech) brands, including Aspiration, Bluevine, Greenwood, and more, through games and financial education.

“We have grand aspirations for Coastal World,” Sprink said. “We aim to empower individuals with sound financial practices, enhance accessibility to banking services, and inject an element of enjoyment into the process. We firmly believe that banking doesn’t have to be mundane, and it should be available to everyone.”

About Coastal Financial Corporation

Coastal Financial Corporation (NASDAQ: CCB), is an Everett, Washington-based Bank holding company with Coastal Community Bank (the “Bank”) a full-service commercial bank, as its sole wholly owned banking subsidiary. The Bank operates through its 14 branches in Snohomish, Island, and King Counties, the Internet, and its mobile banking application. The Bank, through its CCBX division, provides banking as a service (“BaaS”) that allows our broker-dealer and digital financial service partners to offer their customers banking services. As of March 31, 2023, we had total assets of $3.45 billion, total gross loans, including loans held for sale, of $2.84 billion, total deposits of $3.10 billion, and total shareholders’ equity of $258.8 million. To learn more about Coastal Community Bank visit www.coastalbank.com. Member FDIC.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. Any statements about our management’s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. Words or phrases such as “anticipate,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “intends” and similar words or phrases are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Any or all of the forward-looking statements in this press release may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this press release should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by us will be achieved. We have based these forward-looking statements on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, the risks and uncertainties discussed under “Risk Factors” in our Annual Report on Form 10-K for the most recent period filed, our Quarterly Report on Form 10-Q for the most recent quarter, and in any of our other filings with the SEC.

If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made and we undertake no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as required by law.

Contact: 
Joel Edwards
Chief Financial Officer
425.357.3687
[email protected]



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Aerojet Rocketdyne Awarded Multi-Year Contract to Power Additional Javelins

HUNTSVILLE, Ala., June 20, 2023 (GLOBE NEWSWIRE) — In early April 2023, Aerojet Rocketdyne was awarded a two-year contract by Lockheed Martin, valued at $23.8 million, to continue its role in providing propulsion units for the Javelin missile.

“Aerojet Rocketdyne has powered more than 50,000 Javelin missiles since the program’s inception more than 20 years ago,” said Eileen P. Drake, Aerojet Rocketdyne CEO and president. “We look forward to continuing to deliver the motors for this proven and reliable system that protects our warfighters, allies and strategic partners.”

Aerojet Rocketdyne produces an integrated launch and flight motor to safely propel the Javelin missile from launcher to target. The company was instrumental in advancing Javelin’s capabilities in the early 2000s by developing a motor to increase the missile’s range, culminating in the current Block 1 version of the program.

Javelin is developed and produced by the Javelin Joint Venture (JJV) between Raytheon Missiles & Defense in Tucson, Arizona, and Lockheed Martin in Orlando, Florida. Javelin is a versatile, one-man-portable and multi-purpose weapon system that provides the capability to defeat a broad spectrum of threats under all conditions. Javelin is currently in-service with the U.S. military and more than 20 allied countries.

About Aerojet Rocketdyne: Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), is a world-recognized aerospace and defense leader that provides propulsion systems and energetics to the space, missile defense and strategic systems, and tactical systems areas, in support of domestic and international customers. For more information, visit www.Rocket.com and www.AerojetRocketdyne.com. Follow Aerojet Rocketdyne and CEO Eileen Drake on Twitter at @AerojetRdyne and @DrakeEileen.

Media Contact:

Eileen Lainez, Aerojet Rocketdyne, 571-239-7839
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/20b28a82-c3d0-4e0c-89dd-3ab9c5a06df2



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Verizon Frontline supports North Carolina wildfire response

SUPPLY, N.C., June 20, 2023 (GLOBE NEWSWIRE) — The Verizon Frontline Crisis Response Team on Sunday deployed two Satellite Picocells on Trailers (SPOTs) to provide mission-critical communications support to first responders battling the Pulp Road Fire in eastern North Carolina.

At the request of the North Carolina Forest Service, the two SPOTs were delivered to identified priority locations near the fire to help provide firefighters and other public safety agencies with critical voice and data service.

SPOTs are rapidly deployable and provide wireless network coverage in remote areas where traditional signals are challenging or unavailable, like the area in and around the Green Swamp Game Land and Nature Preserve, where the Pulp Road Fire has burned more than 15,000 acres.

The Verizon Frontline Crisis Response Team’s deployment in North Carolina is the most recent example of how it ensures wildland firefighters have the connectivity they need to achieve their missions 24/7, at no cost to the agency. The team has responded to 15 requests for communications support during wildfires in nine states and has delivered nearly 100 Verizon Frontline solutions so far in 2023.


Verizon Frontline
 is the advanced network and technology built for first responders – developed over nearly three decades of partnership with public safety officials and agencies on the front lines – to meet their unique and evolving needs.

The Verizon Frontline Crisis Response Team provides on-demand, emergency assistance during crisis situations to government agencies and emergency responders, on a 24/7 basis. Verizon Frontline Crisis Response Team members set up portable cell sites, WiFi hotspots, free charging stations and other Verizon Frontline devices and solutions that enable communications and/or boost network performance.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $136.8 billion in 2022. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:

Eric Durie
[email protected]
516-382-8219



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ComEd Awarded Nearly $15 Million Federal Infrastructure Grant to Enhance Grid Reliability, Help Close Digital Divide on Chicago’s South, West Sides

ComEd Awarded Nearly $15 Million Federal Infrastructure Grant to Enhance Grid Reliability, Help Close Digital Divide on Chicago’s South, West Sides

Infrastructure Investment and Jobs Act Funding to leverage existing ComEd infrastructure to help increase access to high-speed broadband for 440,000 unserved or underserved households in Chicago

CHICAGO–(BUSINESS WIRE)–
ComEd today announced that it was awarded a $14.5 million Middle Mile Grant by the U.S. Department of Commerce’s National Telecommunications and Information Administration (NTIA) that will enhance electric grid reliability and resiliency while also helping to increase broadband connectivity in communities on the south and west sides of Chicago that lack equitable access to affordable broadband.

The funding was made available by the Infrastructure Investment and Jobs Act (IIJA), a once-in-a-generation $1.2 trillion bipartisan infrastructure funding opportunity focused on building resilient infrastructure, accelerating an equitable, clean energy transition and creating good-paying jobs in communities. The NTIA made approximately $1 billion available nationwide to reduce the cost of connecting unserved and underserved areas by building out middle mile broadband infrastructure; the Middle Mile Grant application specifically called out investor-owned utilities as one of several entities eligible to apply for this funding.

“Advanced communications networks are essential to achieving higher levels of reliability and resiliency of the electric grid, especially as we connect more distributed energy resources like solar and battery storage to the power grid,” said Michelle Blaise, ComEd’s senior vice president of technical services. “Like other utilities across the country that are stepping up to the challenge, we are proud to have partnered with community stakeholders to secure federal funding that will leverage our necessary investments in advanced communications networks to create the additional benefit of improving access to high-speed broadband on the west and south sides of Chicago.”

The COVID-19 pandemic laid bare the inequities of broadband access, with many of ComEd’s customers shut out from economic opportunities and access to remote services, including telehealth and remote schooling. At the start of the pandemic, according to Kids First Chicago, one in five children under the age of 18 in the City of Chicago lacked access to broadband; despite considerable progress in closing this divide for households with children, as of 2021, nearly 200,000 Chicago households still lack access to broadband.

“In an increasingly interconnected world, bridging the digital divide isn’t just a matter of equality; it’s a fundamental necessity for progress and empowerment, ensuring that no one is left behind in the pursuit of knowledge, opportunity, and social inclusion,” said Daniel Anello, chief executive officer of Kids First Chicago.

For several decades, ComEd has operated and invested in fiber optic infrastructure as part of an advanced communications network that facilitates the automation of the power grid in a way that makes the grid more reliable and secure. This makes the company well positioned to support closing of the digital divide.

ComEd already has plans to deploy more than 400 miles of fiber optic cable in Chicago over the next five years as part of its advanced communication network required to meet the needs of the evolving grid such as the decarbonization of our communities envisioned by the Climate and Equitable Jobs Act (CEJA). The Middle Mile Grant will leverage ComEd’s planned infrastructure investment to affordably bring new middle-mile infrastructure into 24 communities in need, representing 440,000 households in communities like North Lawndale, Englewood, Woodlawn and South Shore. By offering last-mile service providers affordable access to dark fiber capacity along ComEd’s middle mile network, the costs for third-party internet service providers to deploy broadband services in areas of need would be significantly reduced.

ComEd’s sister utility BGE was also awarded an NTIA Middle Mile Grant. More information about the Middle Mile Grant Program is available at ntia.gov.

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 250 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.comand connect with the company on Facebook, Twitter, Instagram and YouTube.

ComEd Media Relations

312-394-3500

KEYWORDS: United States North America Illinois

INDUSTRY KEYWORDS: White House/Federal Government Alternative Energy Energy Other Education Technology Primary/Secondary Education Public Policy/Government Children Family Telecommunications Networks Other Energy Consumer Internet

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Janus Henderson Partners with Wayne State University to Combat Financial Exploitation of Older Adults

Janus Henderson Partners with Wayne State University to Combat Financial Exploitation of Older Adults

DENVER–(BUSINESS WIRE)–
Janus Henderson Investors has formed an exclusive partnership with Wayne State University (WSU) to help financial advisers protect older adult investors from financial exploitation.

This is the first time WSU has collaborated with an asset manager on an initiative specifically dedicated to combatting financial exploitation, a growing problem for older adults who are becoming more vulnerable in the internet age. FBI data reveals that in 2021, there were US$5.6 billion in losses from internet fraud alone. Janus Henderson and Wayne State hope to help protect more investors by extending education on the topic and providing useful tools to financial advisors.

The partnership leverages the extensive resources of WSU’s Institute of Gerontology and Janus Henderson’s strong relationships in the financial sector. The institute, led by Dr. Peter Lichtenberg, Ph.D., is the nation’s largest interdisciplinary organization dedicated to the field of aging. Dr. Lichtenberg is a national expert in financial capacity assessment and financial exploitation of older adults.

The program will feature educational presentations for financial advisors and their clients by Janus Henderson’s Specialist Consultants, and other tools and resources that advisors can use to educate their clients and assess their vulnerability.

Matt Sommer, Ph.D., Head of Specialist Consulting Group for Janus Henderson Investors, said: “Cognitive decline presents a unique risk to aging investors that has yet to be meaningfully addressed by the financial services industry. We’re proud to partner with Wayne State University and Dr. Lichtenberg to create more security for a sometimes-vulnerable group of clients. Financial exploitation has grown in recent years and hopefully this new endeavour can curb some of the massive losses incurred by victims who often have little means of replacing their stolen assets.”

Dr. Peter Lichtenberg, Ph.D, Director – Institute of Gerontology and Distinguished Professor of Psychology for Wayne State University, said: “We are thrilled to partner with Janus Henderson and Dr. Matt Sommer. Financial advisors have a crucial role to play in helping to prevent their older clients from becoming victims of financial exploitation.”

Visit the Janus Henderson website to connect with our Specialist Consulting Group and learn more.

Notes to editors

Janus Henderson Group is a leading global active asset manager dedicated to helping clients define and achieve superior financial outcomes through differentiated insights, disciplined investments, and world-class service.

As of March 31, 2023, Janus Henderson had approximately US$311 billion in assets under management, more than 2,000 employees, and offices in 24 cities worldwide. Headquartered in London, the company is listed on the NYSE and the ASX.

This press release is solely for the use of members of the media and should not be relied upon by personal investors, financial advisers or institutional investors. We may record telephone calls for our mutual protection, to improve customer service and for regulatory record keeping purposes. All opinions and estimates in this information are subject to change without notice

Issued by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and services are provided by SEC registered investment advisers that are subsidiaries of Janus Henderson Group plc.

Press Enquiries

Janus Henderson Investors

Media Contact:

Jeremy Osheim, Manager of Corporate Communications and Media Relations, North America

+1 303-336-7464

[email protected]

Investor Relations Contacts:

Jim Kurtz, Co-Head Investor Relations

303-336-4529

[email protected]

KEYWORDS: United States North America Colorado

INDUSTRY KEYWORDS: Seniors Finance Banking Professional Services Philanthropy Fund Raising University Consumer Foundation Education

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Tri-Continental Corporation Holds 93rd Annual Meeting of Stockholders

Tri-Continental Corporation Holds 93rd Annual Meeting of Stockholders

MINNEAPOLIS–(BUSINESS WIRE)–
Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today held its 93rd Annual Meeting of Stockholders (the “Meeting”) in Minneapolis, Minnesota. Stockholders voted in favor of the recommendations of the Corporation’s Board of Directors (the “Board”) on each of two proposals at the Meeting.

Specifically, Stockholders elected four Directors, Ms. Janet Langford Carrig, whose term will expire at the Corporation’s 2025 Annual Meeting of Stockholders, and Mses. Patricia M. Flynn and Catherine James Paglia, and Mr. Brian J. Gallagher, each for a term that will expire at the Corporation’s 2026 Annual Meeting of Stockholders and all until their successors are elected and qualify. Stockholders also ratified the Board’s selection of PricewaterhouseCoopers LLP as the Corporation’s independent registered public accounting firm for the 2023 fiscal year.

The Corporation is managed by Columbia Management Investment Advisers, LLC. This material is distributed by Columbia Management Investment Distributors, Inc., member FINRA.

Investors should consider the investment objectives, risks, charges, and expenses of the Corporation carefully before investing. A prospectus containing information about the Corporation (including its investment objectives, risks, charges, expenses, and other information about the Corporation) may be obtained by contacting your financial advisor or visiting www.columbiathreadneedleus.com. The prospectus should be read carefully before investing in the Corporation. For more information, please call 1-800-345-6611 or visit columbiathreadneedleus.com.

The Corporation is not insured by the FDIC, NCUA or any federal agency, is not a deposit or obligation of, or guaranteed by any financial institution, and involves investment risks including possible loss of principal and fluctuation in value.

© 2023 Columbia Management Investment Advisers, LLC. All rights reserved.

AdTrax 5755327

Stockholder contact:

800-345-6611, option 3

Media contact:

Carlos Melville

617-897-9384

[email protected]

KEYWORDS: United States North America Minnesota

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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Columbia Seligman Premium Technology Growth Fund, Inc. Holds 13th Annual Meeting of Stockholders

Columbia Seligman Premium Technology Growth Fund, Inc. Holds 13th Annual Meeting of Stockholders

MINNEAPOLIS–(BUSINESS WIRE)–
Columbia Seligman Premium Technology Growth Fund, Inc. (the “Fund”) (NYSE: STK) today held its 13th Annual Meeting of Stockholders (the “Meeting”) in Minneapolis, Minnesota. Stockholders voted in favor of the recommendations of the Fund’s Board of Directors (the “Board”) on each of two proposals at the Meeting.

Specifically, Stockholders elected four Directors, Ms. Janet Langford Carrig, whose term will expire at the Fund’s 2025 Annual Meeting of Stockholders, and Mses. Patricia M. Flynn and Catherine James Paglia, and Mr. Brian J. Gallagher, each for a term that will expire at the Fund’s 2026 Annual Meeting of Stockholders and all until their successors are elected and qualify. Stockholders also ratified the Board’s selection of PricewaterhouseCoopers LLP as the Fund’s independent registered public accounting firm for the 2023 fiscal year.

The Fund is managed by Columbia Management Investment Advisers, LLC. This material is distributed by Columbia Management Investment Distributors, Inc., member FINRA.

Investors should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. You can obtain the Fund’s most recent periodic reports and other regulatory filings by contacting your financial advisor or visiting columbiathreadneedleus.com. These reports and other filings can also be found on the Securities and Exchange Commission’s EDGAR Database. You should read these reports and other filings carefully before investing.

The Fund is not insured by the FDIC, NCUA or any federal agency, is not a deposit or obligation of, or guaranteed by any financial institution, and involves investment risks including possible loss of principal and fluctuation in value.

© 2023 Columbia Management Investment Advisers, LLC. All rights reserved.

AdTrax 5755298

Stockholder contact:

Kevin Howley

617-385-9517

[email protected]

Media contact:

Carlos Melville

617-897-9384

[email protected]

KEYWORDS: United States North America Minnesota

INDUSTRY KEYWORDS: Professional Services Technology Other Technology Finance Banking Accounting

MEDIA:

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San Francisco Bay Area Rapid Transit (BART) Places Order with Knightscope

San Francisco Bay Area Rapid Transit (BART) Places Order with Knightscope

University Client Expands Emergency Communications to Elevate Safety for Students and Faculty

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading developer of autonomous security robots and blue light emergency communication systems, today announced that it received a purchase order from San Francisco Bay Area Rapid Transit (BART) to expand its emergency communications system with three K1 Call Boxes. Additionally, a university in the northeast is updating two of its antiquated devices using the Knightscope K1 Retrofit Kit.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230620962543/en/

San Francisco Bay Area Rapid Transit (BART) Places Order with Knightscope (Photo: Business Wire)

San Francisco Bay Area Rapid Transit (BART) Places Order with Knightscope (Photo: Business Wire)

Knightscope’s modern emergency phones and call boxes are extremely cost-effective systems that use cellular and satellite communications with optional solar power. Knightscope’s leading-edge communications products and Autonomous Security Robot (ASRs) services provide reliable technologies for transportation hubs and educational campuses to help better protect the places people live, work, study and visit. Knightscope’s portfolio of K1 emergency communication products are affordable and easy to install, providing clear voice connectivity with a flashing blue strobe and area illumination to extend that helping hand to remote locations.

To learn more about Knightscope’s Blue Light Emergency Communication Systems or Autonomous Security Robots, book a discovery call or demonstration now at www.knightscope.com/discover.

About Knightscope

Knightscope is an advanced public safety technology company that builds fully autonomous security robots and blue light emergency communications systems that help protect the places people live, work, study and visit. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. Learn more about us at www.knightscope.com. Follow Knightscope on Facebook, Twitter, LinkedIn and Instagram.

Forward-Looking Statements

This press release may contain “forward-looking statements” about Knightscope’s future expectations, plans, outlook, projections and prospects. Such forward-looking statements can be identified by the use of words such as “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” “proposes” and similar expressions. Forward-looking statements contained in this press release include, but are not limited to, statements about the Company’s path to profitability, the Company’s targeted annualized revenue run rate, the Company’s plans for top-line growth, the Company’s ability to deliver on its backlog of new orders, the benefits of the Company’s planned streamlining of its operations and rightsizing of its combined workforce and the Company’s ability to achieve improved margins. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. These risks and uncertainties include, among other things, the risk that the restructuring costs and charges may be greater than anticipated; the risk that the Company’s restructuring efforts may adversely affect the Company’s internal programs and the Company’s ability to recruit and retain skilled and motivated personnel, and may be distracting to employees and management; the risk that the Company’s restructuring efforts may negatively impact the Company’s business operations and reputation with or ability to serve customers; the risk that the Company’s restructuring efforts may not generate their intended benefits to the extent or as quickly as anticipated. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2022. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements, except as may be required by law.

Public Relations:

Stacy Stephens

Knightscope, Inc.

(650) 924-1025

Corporate Communications:

IBN (InvestorBrandNetwork)

Los Angeles, California

www.InvestorBrandNetwork.com

310.299.1717 Office

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Robotics Security Technology Transport Public Transport Hardware

MEDIA:

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San Francisco Bay Area Rapid Transit (BART) Places Order with Knightscope (Photo: Business Wire)
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Air Lease Corporation Announces Lease Placement for Two New Airbus A220 Aircraft with Cyprus Airways

Air Lease Corporation Announces Lease Placement for Two New Airbus A220 Aircraft with Cyprus Airways

LE BOURGET, France–(BUSINESS WIRE)–
Today Air Lease Corporation (NYSE: AL) announced long-term lease placements for two new Airbus A220-300 aircraft with Cyprus Airways, the national airline of Cyprus. Both new A220 aircraft are confirmed to deliver to the airline this month from ALC’s order book with Airbus.

“ALC is pleased to announce this transaction for two Airbus A220 aircraft with our new customer, Cyprus Airways,” said Steven Udvar-Házy, Executive Chairman of Air Lease Corporation. “As the first to introduce the A220 to the airline and the country of Cyprus, ALC looks forward to working with the Cyprus Airways team to develop and grow the flag carrier’s fleet with the most technologically advanced, fuel-efficient new aircraft.”

“We are thrilled to work with the ALC team on the first implementation of the A220 in the Cyprus Airways fleet,” said Paul Sies, Chief Executive Officer of Cyprus Airways. “Seen as a game changer in the industry, the A220 will provide a new experience to our guests and marks our commitment towards sustainability. The A220 offers the newest technology on the market and gives great savings in fuel burn and direct operating cost. We look forward to a long and mutual beneficial relationship with ALC and hope to work with them on the further development of our fleet plan in the years to come.”

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

About Air Lease Corporation (NYSE: AL)

Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. The company routinely posts information that may be important to investors in the “Investors” section of its website at www.airleasecorp.com. Investors and potential investors are encouraged to consult Air Lease Corporation’s website regularly for important information. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release.

About Cyprus Airways

Cyprus Airways, the flag-carrier of Cyprus, resumed operations in 2016. The airline operates an all-Airbus A320 aircraft fleet which are currently operating on an eighteen-scheduled destination network. Winter destinations include Athens, Beirut, Tel Aviv, Yerevan, Paris, Rome, Dubai, Milan-Bergamo, Prague and Zurich. Additionally, summer destinations include Basel, Santorini, Skiathos, Rhodes, Heraklion and Cairo.

As mentioned above, the airline is in the process of upgrading its fleet with new more environmentally friendly aircraft that will offer up to 25% less CO2 emissions compared to previous generation aircraft, a lower noise footprint, and a totally new customer comfort standard.

Learn more at: www.cyprusairways.com

For media enquiries please contact: [email protected]

Investors:

Jason Arnold

Vice President, Investor Relations

Email: [email protected]

Media:

Laura Woeste

Senior Manager, Media and Investor Relations

Email: [email protected]

Ashley Arnold

Senior Manager, Media and Investor Relations

Email: [email protected]

KEYWORDS: California North America France United States Cyprus Europe

INDUSTRY KEYWORDS: Air Transport Aerospace Manufacturing

MEDIA:

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