Market Newsdesk

News highlights:

• Innofibre, the industry’s leading independent research institute in Quebec, Canada, validates significant advantages of new HP Molded Fiber Advanced Tooling Solution
• Partners and customers Eco Pulp, PMD, Polyco Healthline Group, Veritiv, Vernacare and others exploring opportunities for entirely new packaging designs
• New technology advancements provide increased productivity and digital production of higher quality, more customized molded fiber tools

PALO ALTO, Calif., April 13, 2021 (GLOBE NEWSWIRE) — Today at the International Molded Fiber Association (IMFA) annual conference, the leading event for the molded fiber industry, HP showcased independently verified performance leadership, partners and customers driving entirely new packaging designs, and significant technology advancements for its recently introduced HP Advanced Molded Fiber Tooling Solution.

The HP Molded Fiber Advanced Tooling Solution is an innovative and environmentally-friendly solution for molded fiber manufacturers. Today, Innofibre, the industry’s leading expert on cellulosic product innovation, released new research data validating HP’s solution as a more productive, efficient option for molded fiber tooling compared with traditional woven wire tooling.

“Based on our testing, HP’s Molded Fiber Advanced Tooling Solution can offer greater precision, along with faster forming and drainage times,” said Tarik Jabrane, NSERC Industrial Research Chair, Innofibre. “Compared to traditional molded fiber tooling, HP’s tools can be changed quickly and easily, with fewer stops in the workflow. The speed of iteration and ability to change tools enables more prototyping and ultimately provides a more cost effective option for the industry.”

“We are proud our efforts to introduce a truly disruptive solution for the packaging industry have been validated by Innofibre’s research,” said Mariona Company, Global Head of Molded Fiber Solutions, HP Inc. “Based on the data released by Innofibre, it is no surprise we are gaining traction with molded fiber manufacturers in Europe, the US and Canada as they look for innovative new tooling options to meet customer demand. This is just the beginning, we are committed to advancing our solution, helping the molded fiber industry grow and accelerating the transition from single use plastics to sustainable packaging.”

Market Leading Productivity and New Design Possibilities

Molded fiber, also known as molded pulp, is currently used in handling and packaging thousands of renewable products from food containers to packaging of household items and electronics to single-use medical service items.

Unveiled in September 2020, HP’s Molded Fiber Advanced Tooling technology enables fast and enhanced design and fabrication of high-performance molded fiber tooling in as quickly as two weeks¹ compared to four to six weeks experienced by customers using traditional methods². Combined with HP’s new tooling production service, the end-to-end solution yields increased production up time, reduced maintenance, and mass customization capabilities.

Key findings published by Innofibre confirm that the HP solution delivers a greater number of stronger parts more quickly than traditional tooling.

• Improved fiber retention resulting in stronger parts: due to its excellent first pass pulp retention, especially of the longest fibers, HP tooling uses less fiber to make parts with greater strength than equal grammage parts from 50-mesh tooling.

• Significant process efficiencies and cost reduction: due to its superior fiber retention, and faster forming, HP’s solution saves customers time and money – savings equivalent to avoiding having to discard every eleventh egg tray being produced into whitewater.

• High quality personalized parts: HP digitally designed screens resist wrinkles so customers get parts with crisp edges and borders, and highly personalized, legible markings.

New Customers Embracing HP’s Solution Across Industries

Several new customers throughout Europe, the United States and Canada across industries including healthcare and electronics have begun using HP’s tooling solution. This builds on collaboration with existing customers including Fiber Innovation, Pacific Pulp, Pulp Moulded Products, and Western Pulp Products Company as well as partners such as PMD and Veritiv who are working on a variety of new designs.

• Vernacare is a global leader of paper moulding products specializing in high quality single-use medical products committed to innovation. The company is looking to improve efficiency gains, accelerate turnaround times, and increase productivity with HP’s unique rapid screen replacement.

  “Compared to traditional manufacturing, HP’s solution increases the speed from concept to execution, and has the potential to improve our productivity efficiencies and machine volumes,” said Garry Partington, Research and Development Manager, Vernacare.

• 
  Polyco Healthline
  
  Group specializes in protection and hygiene products and services including disposable gloves, workwear and bags. Polyco has used molded pulp for more than two decades and its Thermofiber division develops non-medical molded pulp accessories. The company is working with HP to develop applications that reduce the amount of plastics used in the industry.

• Eco Pulp is a Finland-based packaging producer that specializes in technical molded pulp inserts. They are currently using HP’s tooling solution to produce packaging for electronic devices.

  “Thanks to HP we are increasing our production efficiencies. The middle screen is saving us a lot of time in the production process, it is light, easy to carry, making the process faster and more sustainable,” said Ari Henttonen, Managing Director, Eco Pulp.

New customers include Eco Pack, Enviropack, ERI Mexico, YFY Jupiter and many others exploring new use cases using HP tools. HP’s own business, one of the largest manufacturers of consumer tech products in the world, is leveraging the solution to help achieve its sustainability goals, including a commitment to eliminate 75% of single use plastic packaging by 2025.

Technology Advancements Unlock New Value for Manufacturers

HP’s Molded Fiber Advanced Tooling Solution leverages proprietary HP innovations in digital manufacturing software and data intelligence along with HP’s industry-leading, industrial 3D printing technology to offer a more efficient, optimized digital design experience, replacing the need for handcrafted screens, CNC machining, and manually drilled form tools.

As a result of Innofibre’s research and work with partners including PMD, HP has quickly advanced its tooling capabilities, developing enhancements to optimize production processes and create more personalized solutions. These innovative advancements demonstrate HP’s commitment to open up entirely new design opportunities enabling projects that would be impossible using traditional methods due to complex geometries and shallow draft angles.

• HP AdvancedPro Transfer Tool: a lightweight transfer tool providing an extra digitally designed screen on the transfer side for improved productivity and process efficiency by reducing forming cycle time and moisture content. The tool improves transfer-side smoothness and enables parts with low draft angles as well as custom markings on the transfer side.

• HP FlowTec SmartScreen: custom screens algorithmically designed to fine tune slurry flow and improve molding performance for challenging geometries.

  “We started to work with HP because my desire was to have a fluid dynamic approach to the tooling used for molded fiber products. I didn’t have sufficient knowledge of this approach and very few people in the Industry do,” said Jalal Kahn, Head of Design Pulp & Paper Products at Polyco Healthline. HP’s FlowTec SmartScreen is a breakthrough tooling innovation thanks to which we can actually have a more predictable slurry behavior resulting in efficiency gains for molders.”

HP at IMFA Conference

HP will present at the virtual IMFA annual conference from April 13-14, delivering a keynote address together with Eco Pulp, Polyco Healthline Group, and Vernacare. HP will also deliver a technical session together with Innofibre and PMD, providing a deep dive into Innofibre’s research and HP’s technology advancements. On April 20, HP will follow up on its sessions at IMFA with a free, in-depth webinar and Q&A session to discuss opportunities to transform molded fiber packaging with its end-to-end solution. Click here for more information and to register.

About HP
HP Inc. creates technology that makes life better for everyone, everywhere. Through our portfolio of personal systems, printers, and 3D printing solutions, we engineer experiences that amaze. More information about HP Inc. is available at hp.com.

www.hp.com/go/newsroom 

©Copyright 2020 HP Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.

______________________

¹ Delivery as quickly as 2 weeks after HP receipt of design file, detailed specs, the tool design quotation approval, purchase order, and receipt of first payment. Shipping time not included.
² Compared to traditional CNC and manual tooling processes as of June, 2020. Based on internal HP analysis and testing including expert interviews and a review of published market reports. 4-6 weeks average fabrication lead time when producing using CNC manufacturing.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/87e22db0-3397-444c-b9ce-85311c92a56a

Michele Guthrie, HP inc.
+1 858 761 8424
[email protected]

NEWTON, Mass., April 13, 2021 (GLOBE NEWSWIRE) — Paytronix Systems, Inc., the most advanced digital guest experience platform, today published the latest report in its ongoing series “Delivering on Restaurant Rewards,” which finds that the digital food ordering shift is strongest among households with children. The latest Delivering on Restaurant Rewards report, produced with PYMNTS.com, explores the ways that restaurant loyalty programs can better engage with families.

Download the full report: Delivering on Restaurant Rewards: Families and Online Ordering

“Household food order spending varied by the type of families that placed food orders, however. Married couples with children spent more on food orders than any other type of household in 2020, having placed an average of 96 QSR orders and 86 sit-down restaurant orders using a variety of digital channels and spending an annual total of $7,792 online.   Married couples without children spent less on online food orders in the last year than any other household type, spending just $2,204. Single consumers spent an average of $3,122 on online food orders in the year since shutdowns began, by comparison.” – Delivering on Restaurant Rewards.

Key findings from the research include:

• Online Ordering – While 25% of couples with children say they are ordering more food online and less on-site since the pandemic’s onset, only 12 percent of married couples without children and 18 percent of singles say the same.

• Loyalty Programs – The research shows that 39 percent of married parents and 40 percent of single parents say that loyalty and rewards programs would encourage them to spend more on their food orders.

• Online Payment — Forty-four percent of married parents would spend more on food orders if they could pay online. Thirty-seven percent of single parents would spend more on food orders if they could place them via app.

“Parents have a lot on their plate, especially during the pandemic. Many are now working from home and have their kids right beside them all day, so it’s no surprise that they are looking for ways to make their lives easier,” said Michelle Tempesta, head of marketing for Paytronix Systems, Inc. “As restaurants create a cohesive physical and digital experience, it will be important to understand what levers truly drive purchasing behavior.”

Delivering On Restaurant Rewards, a PYMNTS and Paytronix collaboration, draws from a survey of a census-balanced panel of 2,130 U.S. consumers to gain insights into the types of rewards programs they use and would like to use while placing food orders. Respondents were 47 years of age on average, 34 percent had college degrees and 36 percent earned more than $100,000 in annual income.

Read the previous Delivering on Restaurant Rewards Reports Here.

Delivering on Restaurant Rewards: What rewards drive customer behavior

Delivering on Restaurant Rewards: How loyalty programs affect customer spend

Delivering on Restaurant Rewards: Impact of ordering channels on loyalty programs

Delivering on Restaurant Rewards: How demographic groups respond to different rewards

Delivering on Restaurant Rewards: Independents and loyalty

Paytronix
Systems, Inc.

Based in Newton, Massachusetts, Paytronix is a provider of SaaS customer experience management (CXM) solutions for restaurants and convenience stores. Through its innovative software design and integrations with more than 30 widely used point-of-sale systems, Paytronix empowers more than 500 brands across 30,000 locations, giving them the flexibility to deliver unique, revenue-enhancing guest experiences. Through one-to-one engagement with more than 285 million guests via Order & Delivery, Loyalty, CRM, and Stored Value, Paytronix generates Big Data consumer insights that motivate increased visits and spend. For more information, visit www.paytronix.com.

Media Contact:


Chuck Tanowitz
Paytronix Systems, Inc.
[email protected]
617-871-2319

Not for Distribution to United States Newswire Services or for dissemination in the United States

VANCOUVER, British Columbia, April 13, 2021 (GLOBE NEWSWIRE) — Irving Resources Inc. (CSE:IRV) (“Irving” or the “Company”) reports that the private placement with Newmont Corporation (“Newmont”) announced in the Company’s news release of April 12, 2021 has closed. Gross proceeds of US$6,000,000 (C$7,544,400) were raised through the issuance of 3,575,545 common shares of Irving. The shares issued in this private placement are subject to a hold period in Canada expiring on August 13, 2021.

The funds from this private placement have been allocated as to US$5,400,000 towards exploration on the Company’s Omu project in Hokkaido, Japan and US$600,000 towards the alliance formed between Irving and an affiliate of Newmont to identify and, if designated by Newmont’s affiliate, jointly exploit mineral exploration opportunities throughout Japan.

About Irving Resources Inc.:

Irving is a junior exploration company with a focus on gold in Japan. Irving also holds, through a subsidiary, a Project Venture Agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC). JOGMEC is a government organization established under the law of Japan, administrated by the Ministry of Economy, Trade and Industry of Japan, and is responsible for stable supply of various resources to Japan through the discovery of sizable economic deposits of base, precious and rare metals.

Additional information can be found on the Company’s website: www.IRVresources.com.

Akiko Levinson,

President, CEO & Director

THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.

Forward-looking information

Some statements in this news release may contain forward-looking information within the meaning of Canadian securities legislation. Forward-looking statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements and in this news release include, without limitation, as to the intended use of proceeds from the private placement described in this news release. Such factors include, without limitation, customary risks of the mineral resource exploration industry.

This news release does not constitute an offer for sale, or a solicitation of an offer to buy, in the United States or to any “U.S Person” (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “

1933 Act

”)) of any securities of Irving. The securities of Irving have not been, and will not be, registered under the 1933 Act or under any state securities laws and may not be offered or sold in the United States or to a U.S. Person absent registration under the 1933 Act and applicable state securities laws or an applicable exemption therefrom.

For further information, please contact:
Tel: (604) 682-3234 Toll free: 1 (888) 242-3234 Fax: (604) 971-0209
[email protected]

SAN DIEGO, CALIFORNIA, April 13, 2021 (GLOBE NEWSWIRE) — International Land Alliance, Inc. (OTCQB:ILAL), (“ILA” or the “Company”), an international land investment and development firm, today issued a letter to shareholders from its President & Chief Executive Officer, Roberto Valdes.

Dear Shareholders,

The last year was historic by any measure, and while it brought extraordinary challenges, it also presented us with many unique opportunities. I am inspired by our communities’ demonstration of resilience in the face of adversity, and am optimistic with our ability to continue building a stronger global society. I would like to take this opportunity to reflect on our company’s journey thus far, highlight some of the exciting initiatives we are working on, and shed some light on our long-term vision for International Land Alliance.

The Northern Baja California region presents an opportunity for land development unlike anywhere else on the planet. We founded ILA knowing there was extensive, desirable, and conveniently located raw land available at an attractive purchase price. The region’s economy is expanding rapidly, as exemplified by the $500 million commitment from an investment syndicate for the development of the Bajamar Beverly project, suited in close proximity to several of our developments. Additionally, one of the largest private investments in Baja’s history recently occurred by a joint venture between Sempra LNG and IEnova to build the first liquefaction-export facility on North America’s Pacific coast, which is expected to bring over 10,000 jobs to the region. ILA will be reconfiguring some of our developments to accommodate the additional rental and commercial properties needed in the area as a result of this project.

With the growing trend of regular visitors to the region from the U.S., Canada, and other countries, we envisioned building a portfolio of unique properties to serve this increasing demand. After years of devoting considerable time and resources toward our development strategy, we are now at an inflection point where we have visibility into the immense value proposition of our expanding portfolio.

Despite the travel restrictions imposed during the pandemic, we made significant progress with the planning, development, construction and marketing of our properties. We are well into the construction process at the Valle Divino Resort, our project sitting on 20 acres of premier wine country, which has two “test vineyards” planted in anticipation of the eco-friendly community’s completion. In two weeks, we open our doors for public viewing of our model home at the Plaza Bajamar community consisting of 80 homes, each outfitted with state-of-the-art solar-based microgrid packages developed by our partners at CleanSpark, a NASDAQ listed company. These are prime examples of how we are carrying out our mission of offering truly sustainable, turn-key luxury homes at a fraction of the price our customers would pay in many of their existing markets.

Beyond our core development strategy, we seek to be opportunistic with the use of our real estate and proprietary proptech applications to maximize return on investment. We recently signed a letter of intent to acquire an existing 450-site project in Rosarito Beach, which will seamlessly integrate into our portfolio while providing us with expanded sales and marketing resources. At our Southern California property, we partnered with an agricultural specialist in a joint venture to facilitate an indoor-outdoor growing operation for industrial hemp plants. By leveraging vacant assets to generate revenue in the near term, we have more flexibility with company resources across the entirety of our business.

As we look forward, we are focused on executing our development roadmap while ramping up our sales and marketing initiatives as international travel returns. On that note, we opened an onsite sales office at Bajamar, and are collaborating with Baja123, eXp Mexico, and RE/MAX teams to drive our sales and marketing efforts. By utilizing innovative proptech software applications and offering a variety of lending and payment solutions including cryptocurrency, we are removing the barriers that often deter homebuyers from closing on transactions.

We are thrilled with the portfolio of core holdings we have built, which positions us exceptionally well for the record demand levels we are seeing in the real estate market. As we progress through 2021, we expect to elevate our position in the capital markets , while growing our enterprise through the commercialization of our properties, which will ultimately build long-term value for our stakeholders.

Thank you to all our shareholders and partners for your support on our journey. We are truly just getting started, and I look forward to providing the market with updates in the months ahead.

Sincerely,
Roberto Valdes
President & Chief Executive Officer

About International Land Alliance, Inc.:

International Land Alliance, Inc. (OTCQB:ILAL) is an international land investment and development firm based in San Diego, California. As its’ core mission, the Company has embraced technology for sustainable and socially responsible solutions, in addition to using proptech and construction tech advanced applications to meet these goals. The Company is focused on acquiring attractive raw land primarily in Northern Baja California, often within driving distance from Southern California. The Company serves its shareholders by devoting considerable time and resources to seeking out the finest sites available and obtaining the necessary development permits to build a compelling portfolio of properties, which provide a diversity of investment and living options. Please visit: www.ila.company.

Safe Harbor Statement

The press release may include certain statements that are not descriptions of historical facts but are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking terminology such as “may,” “expects,” “believes,” “anticipates,” “intends,” “projects,” or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectation and actual results may vary (perhaps materially) from certain of the results anticipated herein.

CONTACT:

Investor Relations:
Brooks Hamilton
Senior Vice President
MZ Group – MZ North America
(949) 546-6326
[email protected]
www.mzgroup.us

OVERLAND PARK, Kan., April 13, 2021 (GLOBE NEWSWIRE) — Yellow Corporation (NASDAQ: YELL) a U.S. leader in trucking and logistics, announced the promotion of Darrel Harris to President of Yellow Corporation.

Mr. Harris joined Yellow in November 2020 as Executive Vice President of Strategic Initiatives with the responsibility of instituting and leading a company-wide enterprise transformation initiative that not only modernizes the way freight is delivered but also expands and enhances services available to Yellow’s 200,000 customers.

Mr. Harris is a 25-year industry veteran with extensive experience in the less-than-truckload marketplace. Most recently before coming to Yellow, he served as Chief Executive Officer of Xpress Global Systems in Chattanooga, TN. Prior to that he worked in sales and operations at some of the largest freight companies, including FedEx Freight.

“Darrel is well-positioned to help drive Yellow toward a vibrant future. He brings innovative, exciting ideas and leadership to his new role,” said Darren Hawkins, Chief Executive Officer of Yellow. “He started his trucking career working the docks, and few are better positioned to understand this industry than those who have worked at all levels. I’m proud to see him in this expanded role.”

Mr. Harris will assume certain of the responsibilities of T.J. O’Connor, Yellow’s former Chief Operating Officer, who is retiring and Scott Ware, former Chief Network Officer, who announced his resignation.

“I would like to thank T.J. and Scott for their many years of dedicated service to the Company. Each worked tirelessly on behalf of Yellow. We are grateful for their leadership and we wish them the best,” concluded Hawkins.

About Yellow Corporation

Yellow Corporation has one of the largest, most comprehensive logistics and less-than-truckload (LTL) networks in North America with local, regional, national, and international capabilities. Through its teams of experienced service professionals, Yellow Corporation offers industry-leading expertise in flexible supply chain solutions, ensuring customers can ship industrial, commercial, and retail goods with confidence. Yellow Corporation, headquartered in Overland Park, Kan., is the holding company for a portfolio of LTL brands including Holland, New Penn, Reddaway, and YRC Freight, as well as the logistics company HNRY Logistics.

Please visit our website at www.myyellow.com for more information.

Media Contacts:	Mike Kelley
	913-696-6121	Heather Nauert
	[email protected]	[email protected]
Investor Contact:	Investor Contact:
	913-696-6108
	[email protected]