U.S. Enterprises Rocked by COVID-19 Accelerate Digital Transformation to Prepare for a New Future

ISG Provider Lens™ report shows drive to improve customer, product and supply chain systems through new technologies is more powerful than current economic headwinds

STAMFORD, Conn., Dec. 14, 2020 (GLOBE NEWSWIRE) — The massive disruptions caused by COVID-19 have played a major role in the growth of digital services in the U.S. this year as enterprises changed their priorities and looked toward a more risky future that will require greater agility, according to a new report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

The 2020 ISG Provider LensDigital Business – Solutions and Service Partners report for the U.S. found that although managed services spending fell in the second quarter as the pandemic took hold, enterprises continued to invest in ongoing digital transformation efforts this year and even accelerated them to adapt to the new conditions.

“Projects that were supposed to take two years were compressed into two months,” said Jan Erik Aase, director and global leader, ISG Provider Lens Research. “Companies know that digital transformation can help them respond to disruptions, whether they are caused by health crises, political uncertainty or market fluctuations.”

The pandemic has caused many enterprises to shift their focus from growth to sustainability and cost-cutting, as well as to technologies such as remote collaboration for the new reality of work, the report says. The drive to adopt digital business solutions is more powerful than the macroeconomic challenges that companies are currently facing, and enterprises that have already embarked on this transformation journey may recover from the current crisis more quickly, ISG says.

U.S. enterprises have begun concerted efforts to reimagine the experiences of customers, employees and suppliers amid changing market dynamics and working conditions, the report says.

Reinventing business operations through digital transformation became a high priority for top executives during the crisis. Companies increasingly are running workloads in the cloud through software-defined infrastructure and leveraging new developments in automation, AI and cognitive technologies. Digital business service partners are helping companies carry out this transformation using Agile, Lean, DevOps and other methodologies in place of traditional waterfall development.

Digital consulting providers are now helping companies prepare to take advantage of opportunities that arise out of the crisis, offering services such as digital strategy design, organizational change management and process automation, ISG says. While digital transformation gives enterprises the agility to quickly respond to crises such as COVID-19, it can also provide the infrastructure to develop more advanced products and services and bring them to market faster and more effectively.

Many manufacturers and suppliers are now considering digital transformation of their supply chains to adapt to the changes wrought by the pandemic this year. After once looking at new technologies such as blockchain, IoT, AI, analytics and robotics as ways to make supply chains more efficient, companies now see them as tools to improve resiliency, the report says.

Blockchain adoption has grown amid the disruptions, with many early projects and use cases going from proofs of concept to production, ISG says. Gains in data access, trust and security make this technology attractive in the financial services sector as well as for the supply chain and other areas. Blockchain projects have relatively low costs and a short path to production of about 24 to 32 months, and providers are offering services to design and develop blockchain applications and manage them after deployment, the report says.

The 2020 ISG Provider LensDigital Business – Solutions and Service Partners report for the U.S. evaluates the capabilities of 48 providers across five quadrants: Digital Business Consulting Services, Digital Customer Experience Services, Digital Product Life Cycle Services, Blockchain Services and Digital Supply Chain Transformation Services.

The report names Accenture, HCL, IBM and Wipro as leaders in all five quadrants. Cognizant and Infosys are named leaders in four quadrants, TCS and Tech Mahindra in three quadrants, and Hexaware and LTI in two. The report names BCG, Capgemini, Deloitte, EY, Mindtree, Publicis Sapient and PwC each as leaders in one quadrant.

In addition, Birlasoft and Capgemini each are named as “Rising Stars”—companies with a “promising portfolio” and “high future potential” by ISG’s definition—in two quadrants. Bain & Co., Cognizant, GlobalLogic, Infosys and Mindtree are named as Rising Stars in one quadrant.

Customized versions of the report are available from Hexaware and LTI.

The 2020 ISG Provider LensDigital Business – Solutions and Service Partners report for the U.S. is available to subscribers or for one-time purchase on this webpage

About ISG Provider Lens™ Research

The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG’s global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG’s enterprise clients. The research currently covers providers offering their services globally, across Europe and Latin America, as well as in the U.S., Germany, Switzerland, the U.K., France, the Nordics, Brazil and Australia/New Zealand, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.

A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.

Starting this year, each ISG Provider Lens™ study will include a Global Summary to help enterprise subscribers better understand provider capabilities across all geographic markets covered by that study. All ISG Provider Lens™ reports also will now include an Enterprise Context feature to help executives quickly identify key insights related to their roles and responsibilities.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

# # #



Will Thoretz
Information Services Group, Inc. 
+1 203 517 3119
[email protected]

Jim Baptiste
Matter Communications for ISG
+1 978 518 4527
[email protected]

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Kandi Technologies Group (NASDAQ: KNDI) Investors with Losses to Contact Firm Now, Securities Fraud Case Filed

PR Newswire

SAN FRANCISCO, Dec. 14, 2020 /PRNewswire/ — Hagens Berman urges Kandi Technologies Group, Inc. (NASDAQ: KNDI) investors to submit their losses now. A securities fraud class action has been filed and certain investors may have valuable claims.

Class Period: Mar. 15, 2019 – Nov. 27, 2020
Lead Plaintiff Deadline: Feb. 9, 2021
Visit: www.hbsslaw.com/investor-fraud/KNDI 
Contact An Attorney Now: [email protected] 
                                                844-916-0895

Kandi Technologies Group, Inc. (KNDI) Securities Fraud Class Action
mailto::

The complaint centers on whether Kandi manipulated its financial statements, including overstating revenues.

More specifically, according to the complaint (1) Kandi artificially inflated reported revenues through undisclosed related party transactions, and (2) most of Kandi’s sales during the past year were to undisclosed related parties, indicating the lack of arms-length transactions.

But investors began to learn the truth, according to the complaint, on Nov. 30, 2020, when Hindenburg Research published a scathing lengthy forensic report based on on-the-ground inspections at Kandi’s factories and customer locations in China, interviews with over a dozen former employees, and review of numerous litigation documents and internal public records.

According to Hindenburg, Kandi engaged in a “brazen scheme” to “falsify revenue using fake sales to undisclosed affiliates.” Hindenburg reported (1) it unmasked Kandi’s top customers and found that almost 64% of Kandi’s last twelve months sales have been to undisclosed related parties, and (2) the company’s largest customer, representing about 55% of Kandi’s last twelve months sales, shares a phone number with a Kandi subsidiary and a Kandi executive. Hindenburg further concludes Kandi’s financials corroborate its concerns, noting that “[t]he company has consistently booked revenue it cannot collect, a classic hallmark of fake revenue.”

This news drove the price of Kandi shares crashing lower.

“We’re focused on, among other things, investor losses and proving Kandi engaged in revenue recognition fraud,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you are a Kandi investor, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Kandi should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email mailto:[email protected].


About Hagens Berman


Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:

Reed Kathrein, 844-916-0895

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SOURCE Hagens Berman Sobol Shapiro LLP

IQST – iQSTEL Announces November’s Revenue, Second Month In A Row Exceeding $5 Million In Revenues.

Company’s On Track To Surpass $42 Million 2020 Annual Revenue Projection

PR Newswire

NEW YORK, Dec. 14, 2020 /PRNewswire/ — iQSTEL, Inc. (USOTC: IQST) today announced with the November´s revenues is achieving second month in a row exceeding $5 million monthly revenue. November 2020 revenue was 277% higher than the $1.8 million in revenue reported last year, in November of 2019. The iQSTEL Telco Division with the SMS product is a major contributor to IQST’s ongoing overall revenue growth with now four consecutive month over month increases. Year to date revenue is now $39,725,507 putting the company well on track to exceed its $42 million revenue projection for 2020.

 

iQSTEL Logo

 

About iQSTEL Inc (Updated):

iQSTEL Inc (OTC: IQST) (www.iQSTEL.com) is a US-based publicly-listed company offering leading-edge Telecommunication, Technology and Fintech Services for Global Markets, with presence in 13 countries.  The company provides services to the Telecommunications, Financial Services, Liquid Fuel Distribution and Electric Vehicle Industries. iQSTEL has 3 Business Divisions: Telecom, Technology and Fintech, with worldwide B2B and B2C customer relations operating through its subsidiaries: Etelix, SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, itsBchain and Global Money One. The Company has an extensive portfolio of products and services for its clients: SMS, VoIP, 4G & 5G international infrastructure connectivity, Cloud-PBX, OmniChannel Marketing, IoT Smart Gas Platform, IoT Smart Electric Vehicle Platform, Mobile Number Portability Application MNPA (Blockchain), Settlement & Payments Marketplace (Blockchain), Visa Debit Card, Money Remittance, and Pay Mobile Phone Services among others.

About Etelix.com USA LLC (iQSTEL´s Telecom Division):

Etelix.com USA LLC (www.etelix.com) is a wholly owned subsidiary of iQSTEL Inc. Etelix.com USA, LLC is a Miami, Florida-based international telecom carrier founded in 2008 that provides telecom and technology solutions worldwide, with commercial presence in North America, Latin America, and Europe. Enabled by its 214-license granted by the Federal Communications Commission (FCC), Etelix provides International Long-Distance voice services for Telecommunications Operators (ILD Wholesale), and Submarine Fiber Optic Network capacity for internet (4G and 5G). Etelix was founded in 2008 and has been profitable since inception.

About SwissLink Carrier AG (iQSTEL´s Telecom Division):

SwissLink Carrier AG (www.swisslink-carrier.com) is a 51% owned subsidiary of iQSTEL Inc. SwissLink Carrier AG is a Switzerland based international Telecommunications Carrier founded in 2015 providing international VoIP connectivity worldwide, with commercial presence in Europe, CIS and Latin America. SwissLink Carrier AG is a Swiss licensed Operator, having a domestic Interconnect with Swisscom, allowing their international Carrier Customers direct terminations via SwissLink into all Switzerland Fix & Mobile Networks. Since the takeover from Swissphone in November 2018 and the rename into SwissLink, they operate on a profitable level.

About QGlobal SMS LLC (iQSTEL´s Telecom Division):

QGlobal SMS LLC (www.qglobalsms.com) is a 51% owned subsidiary of iQSTEL Inc. QGlobal SMS is a USA based company and a commercial brand founded in 2020 specialized in international and domestic SMS termination, with emphasis on the Applications to Person (A2P) and Person to Person (P2P) for Wholesale Carrier Market and Corporate Market in US. QGlobal SMS has commercial presence in US, Mexico, Latin America, EMEA (Europe, Middle East, Asia) and Africa, through our SMS service providers based in Austin, TX and Miami, FL Our Austin-based SMS service provider is specialized in the SMS traffic exchange between US and Mexico, and our Miami-based SMS service provider is focused in the development of Latin America and the rest of the world. QGlobal SMS has robust international interconnection with Tier1 SMS Aggregators, guarantying its customers high quality and low termination rates, over more than 100 countries worldwide.

About Alcyon Cloud SMS S.A.S, Commercial Brand SMSDirectos.com (iQSTEL´s Telecom Division):

Alcyon Cloud SMS S.A.S. (Commercial Brand SMSDirectos.com), is a whole subsidiary of QGlobal SMS, a Colombian-based Application and Content Provider. Alcyon Cloud SMS (SMSDirectos.com) is registered with the Secretary of Information and Communication Technology (ICT) in Colombia, offering services to government, enterprises, small and medium business, as well as end-users. Using SMSDirectos’ existing network, they plan to expand services from SMS to offer omnichannel products and services such as: SMS, Emails, RCS (Rich Communications Services), Social Media Channels (Whats App, Messenger, etc), WebRTC (Web Real-Time Communication), VoIP (IP-PBX, SIP Trunking) ChatBots (Artificial Intelligence Based), SMS to Email, and Email to SMS.

About IoT Labs MX SAPI (iQSTEL´s Technology Division):

IoT Labs MX SAPI (www.iotlabs.mx), a subsidiary of iQSTEL Inc, is an Internet of Things (IoT) Mexican technology development company, creator of the “IoT Smart Gas” Platform and Application. The IoT Smart Gas platform www.iotsmartgas.com consists of an IoT field device installed on the LP gas tank (adaptable to virtually any gas or liquid storage tank) and, thanks to the Internet of Things (IoT) technology via Sigfox or GSM network connectivity, allows remote managed and improved logistic processes of refilling, usage tracking and tank monitoring in real-time by the Smart Gas mobile app. The new GSM tracking feature allows for mobile use including ground, air, and sea tank monitoring.

About itsBchain LLC (iQSTEL´s Technology Division):

itsBchain LLC (www.itsBchain.com)  is a 75% owned subsidiary of iQSTEL Inc. itsBchain is a blockchain technology developer and solution provider, with a strong focus on the telecom sector.  The company is the final stage of development of a series of blockchain solutions aimed at using the blockchain ledger and smart contract solutions to enable more efficiency, quickness in execution and fraud-prevention in the telco industry.  Specifically, the company is developing a solution that will enable users and carriers to transfer mobile phone numbers with just a few clicks, allowing users and carriers the ability to transfer retail users from one mobile carrier to another instantly.  Additionally, the company is finalizing a carrier-grade marketplace solution to procure payments between carriers for cross-traffic of VoIP, SMS and data realtime as traffic is crossed between carriers.  This marketplace will allow for instant payment settlement as well as the prevention of fraud between carriers.

About Global Money One Inc (iQSTEL’s Fintech Division):

Global Money One Inc. (www.GlobalMoneyOne.com) is a 75% owned subsidiary of iQSTEL Inc. Global Money One Inc  is a Miami, Florida-based Fin-Tech company that uses a blend of industry expertise, state-of-the-art technology and compliance requirements to create disruptive solutions that deliver control, security and real-time payments and innovative Financial capabilities with reduced cost for consumers, specially to the unbanked, underbanked and underserved segments of today’s society.  Our portfolio of services will include a Prepaid VISA MoneyOne Card (www.visamoneyone.com) expected to enable customers to make purchases in stores and online, withdraw cash at ATMs or receive cash back when using it to make a purchase, recharge prepaid mobile phone service and send money domestically or internationally (+ 40 countries).  The VISA MoneyOne Card is expected to also facilitate the deposit of funds into bank accounts, Remote Deposit Capture (RDC) by mobile phone, bill payments, rewards, and digital gift cards.  The VISA MoneyOne is the new and freedom financial world wallet expected launch in early Q2 2021.

Safe Harbor Statement: Statements in this news release may be “forward-looking statements”. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

iQSTEL Inc.
IR US Phone: +1 646-740-0907, IR Email: [email protected]

www.iqstel.com ; www.etelix.com ; www.qglobalsms.com ; www.swisslink-carrier.com ; www.smsdirectos.com ; www.iotlabs.mx ; www.iotsmartgas.com ; www.iotsmartev.comwww.itsBchain.com ; www.globalmoneyone.com ; www.visamoneyone.com

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SOURCE iQSTEL, Inc.

KNDI SHAREHOLDER DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion In a Securities Class Action Lawsuit Against Kandi Technologies Group, Inc.

NEW YORK, Dec. 14, 2020 (GLOBE NEWSWIRE) — Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQ: KNDI) from March 15, 2019 through November 27, 2020 (the “Class Period”). The lawsuit filed in the United States District Court for the Eastern District of New York alleges violations of the Securities Exchange Act of 1934.

If you purchased Kandi securities, and/or would like to discuss your legal rights and options please visit Kandi Shareholder Class Action Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Kandi artificially inflated its reported revenues through undisclosed related party transactions, or otherwise had relationships with key customers that indicated those customers did not have an arms length relationship with Kandi; (2) the majority of Kandi’s sales in the past year had been to undisclosed related parties and/or parties with such a close relationship and history with Kandi that it cast doubt on the arms-length nature of their relationship; (3) all the foregoing, once revealed, was foreseeably likely to cast doubt on the validity of Kandi’s reported revenues and, in turn, have a foreseeable negative impact on the Company’s reputation and valuation; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times.

On November 30, 2020, Hindenburg Research (“Hindenburg”) published a report entitled: “Kandi: How This China-Based NASDAQ-Listed Company Used Fake Sales, EV Hype to Nab $160 Million From U.S. Investors.” Citing “extensive on-the-ground inspection at Kandi’s factories and customer locations in China, interviews with over a dozen former employees and business partners, and review of numerous litigation documents and international public records,” the Hindenburg report asserted that almost 64% of Kandi’s sales over the year have been to undisclosed related parties. The report also alleged that “[Kandi] has consistently booked revenue it cannot collect, a classic hallmark of fake revenue[.]”

Following publication of the Hindenburg report, Kandi’s stock price fell $3.86 per share, or 28.34%, to close at $9.76 per share on November 30, 2020.

If you wish to serve as lead plaintiff, you must move the Court no later than February 9, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchased Kandi securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/kanditechnologiesgroupinc-kndi-shareholder-class-action-lawsuit-stock-fraud-337/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information

Matthew E. Guarnero
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
[email protected]



Hudson Resources Reports Assays From 35 Grab Samples Returning an Average of 19.35% Nb2O5 Along a 112 Meter Mineralized Structural Zone at the Nukittooq Niobium Project in West Greenland

VANCOUVER, British Columbia, Dec. 14, 2020 (GLOBE NEWSWIRE) — HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSX Venture Exchange “HUD”; OTC “HUDRF”) is pleased to announce that it has received the assays from its niobium and tantalum exploration project (the “Project”) located in its wholly owned Sarfartoq exploration license in southwestern Greenland. The niobium project is called Nukittooq which means “strong man” in Greenlandic to reflect the key characteristic of niobium as a strengthener of steel.

Hudson collected 38 samples from outcrop on the Project area (NR2020-13) which sits on the southern margin of the large Sarfartoq Carbonatite Complex which also hosts the Company’s ST1 Rare Earth Element (“REE”) deposit (https://hudsonresourcesinc.com/projects/sarfartoq-rare-earth-element-project/).

A total of 35 grab rock samples were taken from the outcrop approximately every three meters along the 112 meters of the roughly east-west trending structure that is coincident with an elevated radiometric anomaly. Three additional samples were also collected for mineralogical work along the same outcrop. Assay results for the key elements of niobium, tantalum and uranium are shown below in Table 1.

Highlights of the sampling program include:

  • 35 grab samples reported an average grade of 19.35% Nb2O5, 0.27% Ta2O5, 0.38% U3O8
  • Including a 30-meter section with 12 grab samples with an average grade of 32.35% Nb2O5
  • The highest-grade grab sample reported a value of 48.50% Nb2O5, 1.21% Ta2O5, 1.08% U3O8

The mineral of economic interest in the Project area is pyrochlore (Na, Ca)₂Nb₂O₆(OH,F), a sodium – calcium niobate with common but minor substitution by tantalum, titanium, and uranium.  The Nukittooq project is one of several niobium targets within a one square kilometer area that the Company is evaluating. The targets have similar geology supported by historical high-grade niobium assays.

Pyrochlore mineralization at Nukittooq occurs as massive replacement, thin veins and disseminations within dilational zones of shear/breccia structures that cut Precambrian granite gneiss and diabase dikes. The pyrochlore is co-crystalline with aegirine, alkali feldspar, and ferric-biotite formed during metasomatism and mineralization by ultra-alkaline (fenite) solutions and coeval with dolomitic carbonatite stringers and veinlets. Some of the pyrochlore has undergone remobilization during later hydrothermal activity as evidenced by alteration overprinting.

Niobium and tantalum are vital to a wide range of products in the energy, infrastructure, transportation, medical and defense sectors. The EU and the United States have designated niobium and tantalum as critical to their security and wellbeing. There are only three primary producers of niobium in the world with typical mine grades ranging from 0.56% Nb2O5 to 2.5% Nb2O5.

The niobium price has averaged US$42/kg over the past five years with expected demand growth of 8%/annum. Tantalum currently trades at US$150/kg.

The grab samples were analysed by SGS Lakefield, Canada, and the laboratory has commenced mineralogical work, including QEMSCAN and microprobe analysis, which will assist to drive a metallurgical testwork program.

Jim Cambon, President commented: “These results are exceptional and confirm our belief that our Sarfartoq license hosts some of the highest-grade niobium mineralization reported by a public company. Mineralogical work has commenced which will allow us to rapidly move towards a metallurgical testwork program. We will be exploring similar targets in the near vicinity with an objective to commence a drill program in the first half of 2021. We are excited to be advancing this project which is an important part of our portfolio of critical and strategic minerals in Greenland.”

Table 1. Assay Result for the 35 grab samples

Tag # Nb

2

O

5

%
Ta

2

O5 %
U

3

O

8

%
  Tag # Nb

2

O

5

%
Ta

2

O

5

%
U

3

O

8

%
  Tag # Nb

2

O

5

%
Ta

2

O

5

%
U

3

O

8

%
1 0.02 < 0.01 0.0   13 14.50 0.07 0.22   25 0.55 < 0.01 0.01
2 4.76 0.02 0.09   14 47.10 0.77 1.06   26 18.50 0.41 0.52
3 4.87 0.03 0.10   15 36.00 0.53 0.68   27 42.40 0.54 0.81
4 28.50 0.12 0.58   16 4.54 0.03 0.09   28 41.60 0.54 0.83
5 46.70 0.21 0.53   17 7.87 0.05 0.15   29 29.10 0.18 0.28
6 5.11 0.02 0.09   18 26.10 0.40 0.46   30 4.06 0.03 0.09
7 1.48 0.02 0.03   19 43.00 0.80 1.02   31 6.99 0.08 0.15
8 16.20 0.05 0.24   20 36.80 0.67 1.05   32 3.75 0.03 0.07
9 7.63 0.04 0.14   21 48.50 1.21 1.08   33 13.20 0.08 0.18
10 4.33 0.02 0.06   22 40.80 0.92 1.05   34 9.11 0.07 0.20
11 2.69 0.02 0.04   23 32.30 0.38 0.52   35 6.50 0.06 0.14
12 13.20 0.07 0.19   24 28.60 0.38 0.58          

A map showing locations of the samples can be found on the company website at: https://hudsonresourcesinc.com/projects/niobium-and-tantalum/.

Hudson owns 100% of the Sarfartoq exploration license which hosts the Sarfartoq Carbonatite Complex, this includes the Company’s advanced Sarfartoq ST1 Rare Earth Element project which hosts 24 million kg of neodymium oxide and 8 million kg of praseodymium oxide which are key components in permanent magnets.  Hudson also holds a 31.1% interest in Hudson Greenland A/S which owns the White Mountain Anorthosite mine in Greenland, where the Company provides operational, marketing and sales support.

Dr. Michael Druecker is a Qualified Person, as defined by National Instrument 43-101, and reviewed the preparation of the geological and technical information in this press release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Jim Cambon”

President and Director

For further information:

Ph: 604-628-5002

Forward-Looking Statements

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, an inability to complete the Offering on the terms or on the timeline as announced or at all, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.  

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



System Surveyor Upgrades Cable Infrastructure Design Capabilities

New Flex Cable system design feature lets security professionals depict all the twists and turns of cabling

Austin, Texas, Dec. 14, 2020 (GLOBE NEWSWIRE) — Simplifying one of the most challenging aspects of system design and installation, System Surveyor has enhanced the Cable Infrastructure functionality in its customer engagement and system design platform. Security professionals can now easily and quickly configure cable runs between planned devices on the digital software.  The Cable Path tool estimates cable lengths for a bill of materials and provides details for installation and cable pulls.    

The System Surveyor Infrastructure system type connects cabling (CAT5, Access Control, HDMI, Fiber, etc.) with the many other systems the platform supports. These include video surveillance, access control, intrusion detection, fire alarm, audio-visual systems, IT and communications, and more. Using the new “Flex Cabling” feature, system integrators, enterprise security staff, and other industry experts can:

  • Show exactly how cable paths will run through a building;
  • Bundle multiple cable types within the same cable path run;
  • Estimate cable path lengths, enabling comparison with industry standard design guidelines and including allowance for up and down segments;
  • Determine the total length of each cable type required for a project; and
  • Run a cable path report that breaks out each run showing connected devices, each cable element in the cable path, and termination details on each end.

“Our new Flex Cabling feature was driven by customers, who can now more precisely design cabling on their digital floor plan and automate a bill of materials,” said Chris Hugman, System Surveyor CEO. “Many of our customers use outside contractors for system cabling. This enhancement makes it even easier to collaborate, plan, and capture cabling ‘as-built’ records with these important business partners. It all translates into faster installs, lower costs, and higher customer satisfaction.”

As part of the company’s ongoing commitment to its user community, System Surveyor has also added 25 new icon elements for easy drag-and-drop system design. These include elements in high demand such as Video Doorbells, Health Scan Kiosks, and Vape Sensors that are gaining significant adoption in the industry. Every element in System Surveyor has intelligent attributes to help guide users through critical data capture to improve pre- and post-sales implementation. 

For more information about Flex Cabling and the new icon elements, watch the video: https://systemsurveyor.com/flex-cable-path/.

System Surveyor announced new survey comments, accessories, and advanced reporting features in September, enabling project teams to better streamline the system design process and collaborate virtually.

“Our users will see many other platform enhancements in 2021 to help them manage system installation, reduce costs, and improve the overall experience for all stakeholders from system planning to long-term maintenance,” said Hugman.

A new customer impact study found that System Surveyor integrator customers achieve a 20 percent increase in sales conversions, 35 percent increase in time and efficiency savings, and a 10 percent increase in gross profit margin.

About System Surveyor

The System Surveyor mobile, SaaS-based platform enables everyone involved in system design, installation, and maintenance to collaborate on an unprecedented scale. Working together in one system of record, professionals can better plan and manage the systems organizations rely on every day: video surveillance, CCTV, access control, fire alarm, IT, building automation, AV, healthcare, and more. From system integrators to end customers to subcontractors, the benefits are increased sales, faster project completions, higher satisfaction, and enhanced long-term service levels. Try all features and collaboration of the product for free with a 5-person team for up to 21 days. Based in Austin, Texas, System Surveyor can be found at http://www.SystemSurveyor.com.

Attachment



Maureen Carlson
System Surveyor
512-600-3161
[email protected]

Chandra Hosek
H2 Strategic Communications
512-524-9652
[email protected]

Association of American Physicians & Surgeons (AAPS) Warns of Surprise Attack on Patients’ Choices

TUCSON, Ariz., Dec. 14, 2020 (GLOBE NEWSWIRE) — In an Action Alert to its members, the Association of American Physicians & Surgeons (AAPS) warns that the so-called No Surprises Act is really an insurance company protection bill. “Poised to be rushed through in the final days of the lame duck Congress, [it] is a surprise attack on patients’ access to independent physicians.”

The alert states: “Proponents claim the bill (which does not yet have a bill number) is needed to protect patients from so-called surprise bills. Unfortunately, this problem caused in large part by past policy failures like [the Affordable Care Act] is not going to be fixed by 357 new pages of federal regulation. In fact the legislation is full of bad surprises that will result in decreased patient choice and the closure of more independent medical practices.”

Among the bad surprises, the Alert lists the following:

  • “It adds red tape to both patients seeking care out-of-network and independent physicians providing that care.”
  • “Insurers and government bureaucrats will exert even greater control over patient care, especially care that is needed in emergency life or death situations.”
  • “Section 115 creates a federal claims database inimical to patient privacy.”
  • “Section 117 may require any independent physician to submit an insurance claim for patients who have commercial insurance…. This provision has unclear and potentially harmful implications for the ability of patients and physicians to enter into third-party-free relationships.”

AAPS concludes that the bill “greatly increases the power of government over American medicine” and urges members to tell Congress that the “[‘No Surprises Act’] should not be added to bills being rushed through before Christmas and that it will reduce patient access to independent physicians who work for the patient and not for the benefit of the insurance plan’s bottom line.”

AAPS has represented physicians of all specialties in all states since 1943. The AAPS motto is omnia pro aegroto, meaning everything for the patient.

Contact: Jane M. Orient, M.D., (520) 323-3110, [email protected]



Mercedes-Benz Production network goes electric: Six new MERCEDES-EQ launches by 2022

Major MERCEDES-EQ Model offensive

PR Newswire

STUTTGART, Germany, Dec. 14, 2020 /PRNewswire/ —

  • Mercedes-Benz Sindelfingen plant (Germany): Launch of electric luxury sedan EQS in Factory 56 in first half of 2021
  • Mercedes-Benz Rastatt plant (Germany): Production of first all-electric compact SUV EQA started – also at Beijing plant (China) in 2021
  • Mercedes-Benz plant in Kecskemét (Hungary): Decision to locate second all-electric compact SUV EQB. Production launch in 2021 – also at Beijing plant (China)
  • Mercedes-Benz Bremen plant: Production launch of electric EQE business sedan in 2021 – at Beijing plant soon thereafter (China)
  • Mercedes-Benz Tuscaloosa plant (USA): SUV variants EQS und EQE begin in 2022
  • Mercedes-Benz battery production network: Production start of battery systems for EQS and EQE in Untertürkheim/Hedelfingen (Germany) imminent. Production of compact SUV battery systems in Kamenz (Germany), Jawor (Poland) and Beijing (China) plants. Tuscaloosa battery plant will produce batteries for SUV variants of EQS and EQE beginning 2022

Mercedes-Benz is targeting leadership in electric drives and vehicle software. The consistent electrification of the entire product portfolio is a key element of the strategic focus “Ambition 2039” and a prerequisite on the way to CO₂ neutrality. In 2022 the portfolio includes eight all-electric Mercedes-EQ models. The global Mercedes-Benz production network is ready for the company’s electric product offensive and is integrating its Mercedes-EQ models into series production in its existing plants.

Markus Schäfer, Member of the Board of Management of Daimler AG and Mercedes-Benz AG, responsible for Daimler Group Research and COO Mercedes-Benz Cars: “With its ‘Electric First’ strategy, Mercedes-Benz is consistently on the path to CO₂ neutrality and is investing heavily in transformation. Our vehicle portfolio becomes electric and thus also our global production network with vehicle and battery factories. We intend to lead in the field of e-mobility and focus in particular on battery technology. We are taking a comprehensive approach, ranging from research and development to production, and also including strategic cooperation.”

The EQS, the first electric luxury sedan from Mercedes-Benz, will start in the first half of 2021 in Factory 56 at the Sindelfingen site (Germany). With the production launch of the electric compact SUV EQA at the Rastatt plant (Germany) and the current decision to locate EQB production in the Hungarian plant in Kecskemét, the company is taking further important steps toward making its product portfolio CO₂ neutral. The course has also been set toward “Electric First” in the global powertrain production network as well. High-efficiency battery systems will also be manufactured and assembled within the production network.

Jörg Burzer, Member of the Board of Management of Mercedes-Benz AG, Production and Supply Chain: “The Mercedes-Benz production network is global, digital and flexible, and ready for the upcoming electric offensive – thanks, of course, to our highly qualified and motivated employees worldwide. We are now beginning a real Mercedes-EQ fireworks display. Six electric product launches by 2022 underscore the strength and competence of our Mercedes-Benz production sites worldwide. The production network will have a total of six Mercedes-EQ car locations. Local production of highly efficient battery systems plays a central role in the Mercedes-Benz strategy – coupled with a comprehensive sustainability concept that spans the entire life cycle of the battery all the way to recycling.”

Mercedes-Benz vehicle plants consistently implement electric offensive

In May 2019 production of the EQC (combined power consumption: 21.5 kWh/100 km; combined CO₂ emissions: 0 g/km)1 at the Mercedes-Benz plant in Bremen (Germany) was integrated into ongoing series production. Just a few months later the German-Chinese production joint venture, Beijing Benz Automotive Co. Ltd. (BBAC), launched EQC production for the local market in China. In 2020 production of the EQV premium electric MPV (combined power consumption: 26.4 kWh/100 km; combined CO₂ emissions: 0 g/km) started in Vitoria, northern Spain.

Compact car class customers can look forward to two fully electric compact SUVs in the EQA and EQB in 2021. EQA will celebrate its world premiere on January, 20 2021 as the first fully electric derivative of this compact car. The EQA production launch at the Mercedes-Benz Rastatt plant went smoothly. As with the EQC from Bremen and Beijing and the EQV from Vitoria, which are already on the market, the fully electric models at the Rastatt plant run on the same production line as compact vehicles with conventional and hybrid drives. That means all five vehicles produced in Rastatt are electrified: In addition to the fully electric EQA, the A–Class, A-Class sedan, B-Class and the compact SUV GLA are also produced at the Mercedes-Benz plant in Rastatt – with classic combustion engines as well as plug-in hybrid drive. With that the Mercedes-Benz Rastatt plant is making an important contribution on the road to a CO₂ neutral vehicle fleet and to the Mercedes-Benz AG electric offensive. EQA production will also follow next year (2021) at BBAC in Beijing for the Chinese market.

EQB production will launch in 2021 at two locations in the global Mercedes-Benz Cars production network: in the Hungarian Mercedes-Benz plant in Kecskemét for the world market and in the German-Chinese joint venture BBAC in Beijing for the local market. Plant preparation, including employee training and renovation work, is already underway. The compact SUV EQB will be the first purely electrically powered production vehicle from Hungary and will complement the plug-in hybrid portfolio consisting of the CLA and CLA Shooting Brake. The A-Class will also be produced in Kecskemét with a plug-in hybrid drive, in addition to production in the German Mercedes-Benz plant in Rastatt.

Furthermore, in the first half of 2021 production of the EQS electric luxury sedan will begin in Factory 56 at the Mercedes-Benz plant in Sindelfingen (Germany). EQS is the independent, fully electric member in the new S-Class program and is the first to use the new electric architecture for luxury and upper-class electric vehicles at Mercedes-Benz. In Factory 56 the S-Class and, in the future, the Mercedes-Maybach S-Class, and the EQS will be produced in a fully flexible manner on the same line. Factory 56 embodies the future of production at Mercedes-Benz and sets new standards for automobile construction. In Factory 56 efficiency gains of around 25 percent are achieved compared to the previous S-Class assembly. This is made possible by optimizing the entire value chain and full digitalization with MO360, the digital Mercedes-Benz production ecosystem. For further information on this: https://media.daimler.com/marsMediaSite/ko/en/47014243

Furthermore, the Mercedes-Benz plant in Bremen will begin production of the EQE business sedan in the second half of 2021, followed shortly thereafter at the Beijing plant. The EQE thus complements the all–electric portfolio of the two plants. The Beijing plant will then produce a total of four Mercedes-EQ models for the local market.

The Mercedes-Benz plant in Tuscaloosa (USA) is also preparing for production of the EQE SUV and EQS SUV in 2022, which will be produced in the future on the same line with SUVs with conventional and plug-in hybrid drives.

In 2022 a total of eight Mercedes-EQ electric vehicles will be produced at seven locations on three continents. This is possible because the company made early investments worldwide in flexibility and technical equipment with future-oriented Industry 4.0 solutions. In the Mercedes-Benz AG plants, vehicles with different drive types can be produced in parallel thanks to highly flexible structures. With a view to the strategic goal of generating more than half of sales with so-called xEVs, i.e. plug-in hybrids and electric vehicles, from 2030 on and gradually increasing the purely electric share, the high degree of flexibility is a decisive advantage. It enables production to be adjusted at short notice depending on market demand.

smart rounds off the electric Mercedes-Benz Cars portfolio with three additional models. The smart EQ fortwo (combined power consumption: 16.5 kWh/100 km, combined CO₂ emissions: 0 g/km)1 and smart EQ fortwo Cabrio (combined power consumption: 16.8 kWh/100 km, CO₂ emissions combined: 0 g/km)1 are produced in Hambach, France, and the smart EQ forfour (combined power consumption: 17.3 kWh/100 km; combined CO₂ emissions: 0 g/km)1 in Novo Mesto, Slovenia. The next generation of smart electric vehicles will be produced by the joint venture smart Automobile Co., Ltd. in China. This is a joint venture of Mercedes–Benz AG and the Zhejiang Geely Group (Geely Holding).

Plug-in hybrid drive is important as a key technology and intermediate step toward a purely electric product portfolio. More than 20 plug-in hybrid model variants are already an integral part of the Mercedes-Benz product portfolio. The portfolio will be expanded to include more than 25 model variants by 2025. Their production therefore also plays an important role in the global production network. Plug-in hybrid vehicles are already rolling off Mercedes-Benz Cars assembly lines in almost all car plants.

Global battery production network: a key success factor in the Mercedes-Benz electric offensive

The batteries for the Mercedes-EQ electric vehicles are supplied by a global battery production network with plants on three continents. Local battery production is a key success factor for the Mercedes-Benz electric offensive.

Two plants in Kamenz (Germany), have been producing battery systems for hybrids, plug-in hybrids and electric vehicles since 2012. The second battery factory at the site began operations in 2018 and has been producing the EQC’s battery systems since 2019. It was designed from the start as a CO₂ neutral plant and combines, among other things, solar energy, geothermal energy and a combined heat and power plant. The battery systems for the EQA have also recently rolled off the production line at the site. Since the start of production at Accumotive, more than a million batteries based on lithium-ion technology for electric, plug-in hybrid vehicles and 48-volt systems have been produced at the Kamenz site.

Mercedes-Benz and BAIC have jointly set up local battery production at the existing location in the Yizhuang Industrial Park in Beijing (China). This supplies the nearby vehicle plant, which has also added all-electric Mercedes-EQ models to its portfolio with the EQC. Production of battery systems for the EQC started there in 2019. With the start of production of the EQA, EQB and EQE, the plant will manufacture battery systems for a total of four Mercedes-Benz EQ models beginning in 2021.

This year the battery plant in Jawor (Poland) started producing plug-in hybrid batteries for the C, E and S–Classes. In the coming year the location will expand its portfolio to include battery systems for the compact Mercedes-EQ models, the EQA and the EQB. Much like the battery plant in Kamenz, the plant was designed from the outset for CO₂ neutral production.

In the future at the Untertürkheim (Germany) site two plants will produce battery systems. Final preparations for the production of the battery systems for the EQS, which will roll off the production line in nearby Sindelfingen in the first half of 2021, are currently underway at the Hedelfingen plant. The battery system for the EQE will also be produced in Hedelfingen. Another battery plant is currently being built in the Brühl facility, which will manufacture battery systems for Mercedes-Benz plug-in hybrids starting 2022. The work on the building has already been completed. The battery plant in Brühl will be fitted with the corresponding equipment in the coming months.

Production of the EQS and EQE SUV models will start in 2022 at the Mercedes-Benz plant in Tuscaloosa (USA). A battery plant is currently being built in the immediate vicinity and will supply highly efficient battery systems for both models. Work on the building has already been completed. The ultra-modern systems will be installed in the coming months.

In addition, the Mercedes-Benz production strategy currently provides for another battery plant at the Sindelfingen site.

Together with local partner Thonburi Automotive Assembly Plant (TAAP), Mercedes-Benz Cars set up a battery production facility in Bangkok (Thailand) and began operations in 2019. Battery systems for the current C, E and S-Class plug-in hybrids are manufactured at the site. Preparations are also being made there to manufacture drive batteries for all-electric Mercedes-EQ brand vehicles.

Electric First und Ambition2039: CO₂ neutral mobility und production

Under “Electric First,” Mercedes-Benz is pursuing the consistent electrification of all model variants and vehicle types as a clear objective. The decisive factor here over the next few years is the gradual increase in the purely electric share of the vehicle portfolio. So-called xEVs, plug-in hybrids and fully electric vehicles, should account for more than half of sales by 2030 – and the trend is rising. Electrically powered vehicles from Mercedes-Benz are enjoying increasing popularity. The company delivered a total of 45,000 electric vehicles and plug-in hybrids (xEVs) worldwide in the third quarter of 2020.

With “Ambition2039,” Mercedes-Benz introduced its path to CO₂ neutrality over a year ago. Vehicle production plays a crucial role in this regard. As early as 2022 the company’s Mercedes-Benz car and van plants will produce CO₂ neutrally around the world. This includes more than 30 car and van plants, as well as battery plants.

Brief interview

“We’re producing the Mercedes-EQ models the Mercedes way: Completely digital and flexible, highly efficient and maximally sustainable.”

Questions for Jörg Burzer, Member of the Board of Management of Mercedes-Benz AG, Production and Supply Chain

Mr. Burzer, are you equipped for the production of electric vehicles in your production network?

The Mercedes-EQ production network is ready for our electric offensive. We started this transformation several years ago and set up our plants with maximum flexibility. The Mercedes-EQ electric models are gradually being integrated into our existing vehicle plants worldwide. They come off the same lines as vehicles with combustion engines or plug-in hybrid drives. The same applies to all of our Mercedes-Benz car plants – a total of six on three continents. This concept is particularly advantageous because demand for electric and electrified vehicles is developing very differently by region and we can adjust our production planning accordingly on short notice. In this way we can manufacture exactly what our customers want.

What specifically does your production planning for the upcoming model offensive look like?

One thing is certain: the proportion of all-electric vehicles in our portfolio will increase sharply in the coming years. By 2030 more than fifty percent of our vehicles will roll off the assembly line as so-called xEVs. Plug-in hybrids and hybrids will therefore continue to play an important role in our production planning over the next few years. However, our target is clearly designed for 100 percent Mercedes-EQ and we are directing our capacity precisely in this direction. We are preparing our production, as well as our employees, step by step for this change. Our sustainability concept is also a central focus: from 2022 on we will produce CO₂ neutral in our Mercedes-Benz plants worldwide.

What, specifically, were the challenges?

Every vehicle launch during ongoing production comes with challenges. That, of course, also applies to electric vehicles. However, thanks to the know-how in our plants and cross-location system planning, we could quickly develop and implement flexible solutions. The consistent digitalization of our processes through our digital production ecosystem MO360 also made a significant contribution. An important factor here, of course, is attaining targeted qualifications for our colleagues in our plants, which we consistently promote.

How will powertrain production continue in the future?

For the global Mercedes-Benz powertrain production network, the shift toward e-mobility poses a special challenge. However, we are determined to continue aligning our drive division to this change and make it sustainable for the future. We have already built up extensive know-how in our powertrain plants in recent years. It starts with the expansion of our battery production network and includes, among other things, manufacturing and assembling parts of the electric drivetrain ourselves. Still, it’s also clear that the drivetrains of the future will differ significantly from those of today.

You will manufacture the batteries for the Mercedes-EQ models in house?

The local production of batteries is an essential success factor in our electric offensive. With a view to steadily increasing demand and, in accordance with our production planning, we are setting up our global battery production network to be flexible worldwide. Today we already produce batteries in Kamenz, Bangkok and Beijing. The ramp-up of our battery plants in Hedelfingen and Jawor is imminent and our colleagues in Brühl and Tuscaloosa are already preparing to start production in 2022. Our production network is very well positioned for the Mercedes-EQ model offensive.

Which new electric model are you personally most looking forward to?

Basically, I look forward to every new Mercedes-Benz. A very special milestone is certainly the upcoming EQS production launch. It will roll off the assembly line, together with the S-Class, in our new Factory 56 at the Mercedes-Benz plant in Sindelfingen. Here we’re setting the course for our entire production network: With the most modern production technologies Factory 56 is a blueprint for our global network. At the same time, it bolsters our claim – the Mercedes way – to the production of the Mercedes-EQ models: completely digital and flexible, highly efficient and maximally sustainable.

Mercedes-Benz AG at a glance
Mercedes-Benz AG is responsible for the global business of Mercedes-Benz Cars and Mercedes-Benz Vans with over 173,000 employees worldwide. Ola Källenius is Chairman of the Board of Management of Mercedes-Benz AG. The company focuses on the development, production and sales of passenger cars, vans and services. Furthermore, the company aspires to be leading in the fields of connectivity, automated driving and alternative drives with its forward-looking innovations. The product portfolio comprises the Mercedes-Benz brand with the sub-brands Mercedes-AMG, Mercedes-Maybach and Mercedes me – as well as the smart brand, and the EQ product and technology brand for electric mobility. Mercedes-Benz AG is one of the largest manufacturers of premium passenger cars. In 2019 it sold nearly 2.4 million cars and more than 438,000 vans. In its two business divisions, Mercedes-Benz AG is continually expanding its worldwide production network with over 40 production sites on four continents, while aligning itself to meet the requirements of electric mobility. At the same time, the company is developing its global battery production network on three continents. Sustainable actions play a decisive role in both business divisions. To the company, sustainability means creating value for all stakeholders on a lasting basis: customers, employees, investors, business partners and the society as a whole. The basis for this is the sustainable business strategy of Daimler in which the company takes responsibility for the economic, ecological and social effects of its business activities and looks at the entire value chain.

1 Electricity consumption was determined on the basis of VO 692/2008/EG. Power consumption depends on vehicle configuration. The figures are provided in accordance with the German regulation ‘PKW-EnVKV’ and apply to the German market only. Further information on official fuel consumption figures and the official specific CO₂ emissions of new passenger cars can be found in the EU guide ‘Information on the fuel consumption, CO₂ emissions and energy consumption of new cars’, which is available free of charge at all sales dealerships, from DAT Deutsche Automobil Treuhand GmbH and at www.dat.de.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/mercedes-benz-production-network-goes-electric-six-new-mercedes-eq-launches-by-2022-301192139.html

SOURCE Daimler North America – Corporate Communications

IIROC Trading Halt – MJRX

Canada NewsWire

VANCOUVER, BC, Dec. 14, 2020 /CNW/ – The following issues have been halted by IIROC:

Company: Global Health Clinics Ltd

CSE Symbol: MJRX

All Issues: Yes

Reason: Pending News

Halt Time (ET): 9:23 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

Victory Square Technologies Portfolio Company Enters Into Sales & Distribution Contract with Brazilian Company for an Initial Order of 3.7 Million Covid-19 Rapid Tests for Brazil

  • This sales and distribution contract between Victory Square Health and the Brazilian production and distribution company will provide the company with an initial order of 3.7 million Covid-19 Rapid Tests over the next 24 months
  • This agreement is in addition to the previously announced business development and sales agreement with Molkom Pharmaceuticals on November 18, 2020

VANCOUVER, British Columbia, Dec. 14, 2020 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (“Victory Square” or the “Company“) (CSE:VST) (OTC:VSQTF) (FWB:6F6) — portfolio company Victory Square Health (VSH) has entered into a new sales and distribution contract with a Brazilian medical production and supply company on December 14, 2020. The contract will provide for an initial order of 3.7 million Covid-19 Rapid Tests to be supplied from Victory Square Health subject to ANVISA approval. The order is to be filled over a 24-month period.

“This newly announced 3.7 million unit contract for our Covid-19 Rapid Testing kits is an important new sales agreement as we ramp up production supply to Brazil,” said Felipe Peixoto, CEO of Victory Square Health. Peixoto goes on to say, “We are confident that this order will provide the country of Brazil with critical and accurate assistance in identifying and fighting this pandemic while also generating further sales opportunities for VSH in Brazil.”

Today’s announced sales and distribution agreement is in addition to the business development & sales agreement with Molkom Pharmaceuticals announced on November 18, 2020. Molkom has established strong relationships throughout South America and beyond with strategic business connections with distributors, sales supply chains, retail pharmacies, hospitals, and with agencies at all level of government. The Company’s strategic business & sales agreement with Molkom Pharmaceuticals has opened doors to access new sales and supply leads and has been successful with the company’s announcement of today’s 3.7 million unit sales contract.

VS Health was founded in 2016 to accelerate the development of personalized medicine and technology solutions including diagnostic tests to support patient’s care and improve health outcomes. Its first product, the Leishmaniasis Rapid Test, was developed in partnership with the UFMG, Federal University of Minas Gerais. Safetest took advantage of its expertise in the subject to develop other antibody-based tests and a robust R&D pipelines of diagnostic kits for Hansen’s Disease, Brucellosis, HTLV and Blood samples screening tests.


Disclaimer:

The Company is not making any express or implied claims that its product has the ability to eliminate, cure or contain the Covid-19 (or SARS-2 Coronavirus) at this time.

Check out VictorySquare.com and sign up to VST’s official newsletter at



www.VictorySquare.com/newsletter


On behalf of the board,

Shafin Diamond Tejani
Chief Executive Officer
Victory Square Technologies

For further information about the Company, please contact:

Investor Relations Contact – Alex Tzilios

Email: [email protected]

Telephone: 778-867-0482

Media Relations Contact – Howard Blank, Director

Email: [email protected]

Telephone: 604-928-6066

ABOUT VICTORY SQUARE TECHNOLOGIES INC.

Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth.

VST’s sweet spot is the cutting-edge tech that’s shaping the 4th Industrial Revolution. Our portfolio consists of 20 global companies using AI, VR/AR and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.

What we do differently for startups

VST isn’t just another investor. With real skin in the game, we’re committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt. In 24-36 months, you’ll scale and be ready to monetize.

What we do differently for investors

VST is a publicly traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSQTF).

For investors, we offer early-stage access to the next unicorns before they’re unicorns.

Our portfolio represents a uniquely liquid and secure way for investors to get access to the latest cutting-edge technologies while also tapping into emerging global trends with big upsides. For more information, please visit www.victorysquare.com.

Forward Looking Statement

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the outlook of the business of Victory Square, including, without limitation, statements relating to future performance, execution of business strategy, future growth, business prospects and opportunities of Victory Square and its related subsidiaries, including Victory Square Health Inc., and other factors beyond our control. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, or similar expressions, or may employ such future or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical facts contained in this news release are forward-looking statements. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square. Although Victory Square believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on them because Victory Square can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this news release are made as of the date of this news release. Victory Square disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.