Category: Technology

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Navigating the jeopardy of board governance with cutting-edge AI solutions

Only 18% of board members find their organization’s disaster response and contingency planning to be highly effective.

 

95% of CEOs expect cybersecurity threats to affect their organization’s growth in the coming years, with the average cybersecurity breach in the U.S. already costing more than $9 million.

 

With economic uncertainty and cybersecurity risk on the rise, boards are under more scrutiny than ever. Companies need to shift their focus to prioritize internal corporate governance and ensure effective business processes.

 

“The sustainability of board governance is in jeopardy. The solution is to incorporate AI-driven board portal software into corporate board processes,” says Marion Lewis, Co-Founder and CEO of Govenda, an innovative board management SaaS developer, who has launched their Artificial Board Intelligence Innovation called ‘Gabii’, to address digital transformation and keep organizations sustainable.

 

Lewis believes digital communication between board members and committees worked in the past, with boards finding the landscape more unsettled than at any time in the last 50 years. Rapid and constant digital transformation raises fears that they will not be able to pivot in response to needed change, putting the boards—and their organizations—at risk.

 

AI-based ‘Gabii’ will facilitate decision-making through a fast presentation of real-time data and ensure compliance from anywhere in the world, using customers’ data without compromising security:

  • Blockchain technology provides an additional layer of security for board materials.
  • Administrative tasks like creating meetings, managing committee members, and tracking RSVPs will help in reducing the need to perform tedious, repetitive tasks.
  • With faster access to relevant information, board professionals and directors can make more informed decisions.
  • ‘Gabii’ supports voice accessibility, by answering questions to help complete tasks.

 

Lewis notes that U.S. board members face challenges without AI, including limited real-time information access and the inability to spot patterns in large data sets or automate decision-making, emphasizing that companies that invest in AI technologies could increase profitability by an average of 38% by 2035.

 

Marion Lewis, Co-Founder and CEO of Govenda can speak on the following:

  • Why must organizations leverage the use of AI in the advancement of digital transformation?
  • How can AI integration in corporate governance ensure that disaster response and contingency planning are effective in the face of digital disruption?
  • Why has AI integration been missing in corporate governance systems till today?
  • What role can AI-driven board portal software play in improving corporate governance practices, decision-making, and managing risks associated with digital transformation?

 

About Govenda

Marion Lewis and Jeanette Thomas, two results-driven entrepreneurs, investors, philanthropists, and business community leaders co-founded Govenda. Govenda is reimagining how board of directors convene to provide intentional, strategic governance ─ by being the bridge between the boardroom and a company’s strategic goals. The board management software accelerates stakeholder governance as a force for good in the world and empowers organizations to create sustainable value by equipping stakeholders with innovative tools that transform practices. It was designed to magnify security and compliance as board tools to handle sensitive and confidential information crucial to compliance and control of proprietary data. Portability of access with enhanced collaboration is no longer a plus – it is essential. GABII, the Govenda product integrating its AI-driven portal tools with Microsoft 365 and enterprise resource planning (ERP) software streamlines workflows and improves efficiency. For more information on the most innovative platform in board governance visit www.Govenda.com

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Business Culture Digital - AI & Apps Lifestyle Science Technology

How businesses can use AI tools to gain a competitive edge in digital marketing

AI is evolving quickly. Media buzz claims that the new ChatGPT tool is ready to replace copywriters and take over the world of digital marketing. Derek Chew, CEO of Fullmoon Digital Media, clarifies AI’s role in digital marketing, including where it shines and where it falls flat.

 

WINDERMERE, Fla.  – Recently, the Pew Research Center surveyed 11,004 U.S. adults to measure their awareness of the presence of AI technology in their day-to-day lives.

 

Over the past 15 years, artificial intelligence (AI) has become such a fixture in everyone’s daily activities that many people are unaware of how often they are actually interacting with it.

 

From GPS traffic updates, fitness watches, banking, and personalized online shopping experiences, 30% of Americans were considered to have a high level of awareness, 38% had a medium level, and 31% were not as conscious of just how much they interact with AI on a daily basis.(1)

 

The AI-powered Chat Generative Pre-Trained Transformer (ChatGPT), a next-generation natural language processing tool launched in November 2022, has been promoted as a time- and labor-saving device for writing and research from school papers to multimedia applications. It is also demonstrating its usefulness in digital marketing.

 

But could AI simply replace people and take control of the digital marketing profession? Derek Chew, CEO of Fullmoon Digital, explains that AI is a powerful tool — but only truly effective when combined with human expertise.

 

Chew clarifies, “The performance of AI tools relies on access to large sets of data to learn from. The current evolution of AI can perform writing and optimizing tasks well if it has sufficient, targeted data and is prompted accurately. In that way, marketers can save time by employing AI effectively. But AI lacks the big-picture understanding, emotional intelligence, and insights to direct the process on its own.”

 

Even before the launch of ChatGPT, AI has been increasingly adopted to assist with digital marketing tasks. AI and machine learning can personalize websites, analyze and predict customer behavior to segment communications, deliver personalized content, and help optimize advertising campaigns.(2)

 

AI is also used to help generate web content, although its ability to do that effectively is limited by access to existing, relevant data on the subject. This makes it more effective for some topics than for others. Google’s latest algorithm, the Helpful Content Update, is designed to reward human-generated content that delivers valuable and useful information.(3)

 

The long-term use of AI in digital marketing depends on improvements in writing code, mimicking human speech, optimizing advertising tasks, streamlining customer service functions, and building websites.(4) The future-world potential of AI is wide open. Experts imagine everything from data-controlled serfdom to an idealized society where AI can supercharge health and fitness as well as reduce pollution. And with machines taking care of most of the work, people may even enjoy a universal basic wage, enabling them to realize their full human potential.(5)

 

In the meantime, AI is a real economic force with a viable role as a digital marketing tool. Marketers who ignore AI are missing out on time-saving data analysis, like managing informational relationships, measuring results, and using statistical models in predicting outcomes. Those who rely too heavily on AI run the risk of plagiarism, inaccuracies, and content that lacks emotional intelligence.(6)

 

AI systems are skilled at modeling natural speech and logistical analysis but are entirely incapable of creativity, subjective thinking, or conscious thought.(6) Without human direction and adjustment, the AI output lacks insight, humor, and structural diversity — the elements that inspire the emotional reactions that move people to engage and act.

 

“AI is a time-saving tool but not a replacement for skill and experience. There is buzz that ChatGPT will replace copywriters, but companies that relegate content creation and ad generation to AI will fall behind. The output is intelligent but not emotional; emotions, not just logic, fuel human decisions. Just because you CAN automate doesn’t mean you SHOULD,” says Chew.

 

A powerful example is brand identity, which is a projection of the core values of a business and comes across as the company’s personality. It is essential to developing loyalty in today’s marketplace.(7) Well-directed AI tools can mimic a brand’s identity but cannot be relied upon to generate or direct it.

 

Fullmoon Digital’s marketing process is uniquely tailored to each individual client. Developing a winning digital marketing program entails more than 1s and 0s; it requires effective communication, consistent collaboration, and hard work.

 

About Fullmoon Digital

Fullmoon Digital Media, founded by Derek Chew, a former early Yahoo! employee, is one of the few 100% independent digital marketing agencies in the United States. The firm is cross-functional with deep experience in media planning and buying, digital consultancy, SEO, digital strategy, programmatic, analytics, performance marketing, paid media, social advertising, and creative. They push the envelope of what is possible in terms of marketing and technology, all the while providing best-in-class digital marketing service to their “pack” of clients. For more information, please visit www.fullmoondigital.com.

 

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AM Best to host briefing on cyber insurance trends, impact of AI and evolving threats

OLDWICK, N.J. — (BUSINESS WIRE) — #insurance — AM Best will host an analytical briefing on trends and challenges in the cyber insurance market, including the rise of artificial intelligence and the return of ransomware attacks, at 11 a.m. (EDT) on Tuesday, June 13, 2023.

During the event, titled, “Cyber: Moderating Pricing, Cautious Underwriting, Even as Risks Resurface,” the panel, made up of AM Best analysts and industry experts, will discuss the market’s performance in 2022 and key market indicators, such as pricing, capacity and reinsurance conditions. Other topics include cyber war exclusions and recent developments in risk modeling, as well as how AI is being harnessed not only by underwriters in the segment, but also by more-sophisticated cyber criminals.

 

The panel includes:

  • Shawn Ram, head of insurance, Coalition, Inc.;
  • Matthew Silley, cyber reinsurance broker, Lockton Re;
  • Sridhar Manyem, senior director, industry research and analytics, AM Best; and
  • Christopher Graham, senior industry analyst, industry research and analytics, AM Best;

Attendees can submit questions during registration or by emailing conferenceinformation@ambest.com. The event will be streamed in video and audio formats, and playback will be available shortly after the event.

 

To find out more about the webinar or to register, please visit http://www.ambest.com/conferences/Cyber2023/index.html.

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates.

ALL RIGHTS RESERVED.

Contacts

Christopher Sharkey
Associate Director, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 439 2200, ext. 5098
al.slavin@ambest.com

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Google updates focus on the role of CRO in achieving impressive ROI

Google continuously modifies its algorithms to provide searchers with the most relevant content. In March 2023, Google rolled out its Core Update, which is one of the most significant updates in recent years. It continually adjusts its search engine ranking system and user interface, averaging 12 changes per day, keeping digital marketers on their toes.

 

This algorithm update by Google focuses on user experience and penalizes inadequate websites, meaning websites with low-quality duplicated, and irrelevant content, poor user experience, and slow navigation will have lower rankings. Moreover, with the increasing use of mobile devices for internet browsing, the update has strongly emphasized mobile optimization, resulting in penalization for websites that are not mobile-friendly. Experts say Conversion Rate Optimization (CRO) is a powerful strategy that not only supports but also amplifies all marketing efforts.

 

“Marketing opportunities live in Conversion Rate Optimization more than uncasing an algorithm. Companies should constantly be working to improve the customer experience; this will never change, no matter what Google does. Digital marketing strategies that focus on the fundamentals of driving website traffic, improving conversion rate optimization, and delivering an outstanding customer experience will see steady market gains regardless of what changes Google makes to their algorithm,” says Derek Chew, CEO of Fullmoon Digital Marketing.

 

Conversion Rate Optimization (CRO) is about employing strategies that steadily and systematically boost customer engagement with a website, such as clicking a banner ad, filling out a form, or subscribing to a newsletter, to increase the likelihood of repeat visits or business.

 

It helps businesses analyze and segment their users to direct them toward purchasing the products or services that would best cater to their requirements. This leads to an increase in repeat customers and a greater overall value per customer across the entire product experience.

 

While about 67% of companies globally don’t have a properly structured CRO strategy, it is important to note that businesses implementing CRO get an average ROI of 223%.

 

“In the wake of Google’s core updates, which prioritize user experience and relevance in search results, CRO has become even more important for digital marketing strategies. By improving the user experience and increasing conversions, businesses can improve their search engine rankings and increase their revenue and ROI,” notes Chew.

 

About Fullmoon Digital

Fullmoon Digital, founded by Derek Chew, a former early Yahoo! employee, is one of the few 100% independent digital marketing agencies in the United States. The firm is cross-functional, with deep experience in media planning and buying, digital consultancy, SEO, digital strategy, programmatic, analytics, performance marketing, paid media, social advertising, and creative. They push the envelope of what is possible in terms of marketing and technology, all the while providing best-in-class digital marketing service to their “pack” of clients. For more information, please visit www.fullmoondigital.com.

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CDC and ATSDR staff begin next steps in ACE investigation in East Palestine, Ohio

ATLANTA — The Centers for Disease Control and Prevention (CDC) and Agency for Toxic Substances and Disease Registry (ATSDR) are preparing for the next phase of the Assessment of Chemical Exposure (ACE) investigation to assess the health impacts of the Feb. 3 train derailment that occurred in East Palestine, Ohio.

 

Last week, CDC and ATSDR will shift staff from the field to complete data analysis of the ACE investigation. CDC and ATSDR will continue to support the health departments in Ohio and Pennsylvania to address the public health needs of the region.

 

CDC and ATSDR have been providing technical assistance to local, state and federal partners from the beginning of the emergency event. On Feb. 17, CDC and ATSDR staff began arriving in East Palestine and surrounding communities to assess the public health impact of the train derailment, among other activities. CDC and ATSDR collaborated with local, state and federal partners to conduct an ACE investigation of impacted communities in both Ohio and Pennsylvania.

 

CDC, ATSDR, and our local, state and federal partners also launched a responder component of the ACE survey to collect information about the health of people who responded to the train derailment incident. This component allows responders to provide information about their unique exposures, experiences, and concerns. ACE investigations are rapid epidemiological assessments used to assess the impact of a chemical release on individuals as well as the community.

 

While CDC and ATSDR staff will be returning from the field, the ACE survey will remain online and data collection had continued until March 31. Over the two months, CDC and ATSDR had worked with the health departments to analyze data and share results. These results can be used by the states to help inform public health recommendations and lessons learned. CDC and ATSDR will continue to respond to requests for remote technical assistance for as long as needed.

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mk launches EV-battery pack conveyor solutions at Automate 2023

 mk North America is now offering conveyor solutions specifically for the ev- battery industry

 

 

mk North America is unveiling upgrades to its VersaMove line of pallet-handling conveyor systems at Automate 2023. VersaMove has been expanded to accommodate the demands of the ev-battery industry, in particular for battery pack assembly and battery pack testing. The weight limits, per pallet or battery pack if you will, have increased from 800 lbs. to 1,200 lbs. Additionally, the maximum width has increased to 1,500 mm and the conveyor system can convey the ev- battery packs directly, without the use of a pallet. The wide and narrow footprint of ev-battery packs is easily accommodated with VersaMove. Higher loads and widths are available upon request.

 

The re-tooled VersaMove system is just one of the many conveyor solutions offered by mk that is suitable to the ev-battery industry. In conjunction with this updated conveyor system, mk has also launched a new brochure which focuses on their conveyor lines that are suitable for the ev-battery industry.

 

mk is located at booth #2207 at Automate which runs from May 22 to May 25, 2023, and is located at the Huntington Convention Center in Detroit, MI

 

About VersaMove

VersaMove conveyors not only move product from point to point. They are a critical part of modern manufacturing processing. VersaMove conveyors allow for product to be stopped on the conveyor and precisely located. Product can also be rotated and diverted off the mainline. Product can also easily change elevation via vertical transfer units.

 

About mk North America

Located in Bloomfield, Connecticut, mk North America, Inc. is a leading designer and manufacturer of conveyors and t-slot aluminum extrusion. mk engineers and manufacturer’s conveyor systems, workpiece pallet-handling conveyors, and extruded aluminum framing systems – including guarding, workstations, and linear motion systems. mk North America is committed to offering not only a better product but also a better solution. mk works closely with their customer to ensure the best possible solution constructed out of mk products is provided for their unique application.

 

About Automate

Automate is an industrial trade show put on by A3 – the Association for Advancing Automation. There are over 750 exhibitors and 25,000 registered guests for this four-day event. Registration is free.

 

For more information on this press release visit:

https://www.abnewswire.com/pressreleases/mk-launches-evbattery-pack- conveyor-solutions-at-automate-2023_652189.html

 

Media Contac:t
Company Name: Mk North America, Inc. Contact Person: Kate Nadeau
Email: info@mknorthamerica.com Address: 105 Highland Park Dr.
City: Bloomfield
State: CT
Country: United States
Website: www.mknorthamerica.com

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Fleetwash unveils formation of parent company to reflect future growth and innovation

Introducing: Kept Companies

 

FAIRFIELD, N.J. — (BUSINESS WIRE) — Fleetwash, a leading nationwide company for full facility maintenance, is thrilled to announce its establishment of its parent company, Kept Companies.

 

This strategic move, along with a comprehensive rebranding initiative, is aimed to propel the company into a new era of growth, innovation, and customer-centricity. The transformation reflects the company’s commitment to enhancing its position as a market leader and strengthening its foundation for growth in the facility maintenance industry.

 

Kept Companies will serve as the umbrella brand for Fleetwash and its subsidiaries. Kept Companies is now home to nine leading brands that offer unique expert-level service: Fleetwash, Fleet Clean, Krystal Klean, Climco Mechanical (previously Welker), EnviroClean (previously SprayWash), Grease Pro, GlideRite, SunScrub, and MaintainThat (previously Eco Sweep). Under the new parent brand, each subsidiary received a new brand identity and brand attributes, in keeping with Kept’s overarching brand look and values. These changes align with Kept’s evolving strategic direction and signal the company’s dedication to meeting the ever-changing needs of its customers while holding true to the expert-level services it has developed over the past 50 years.

 

“For the past 50 years, we’ve been operating under the company name Fleetwash, and for many years, this name worked perfectly to describe the service we provided: washing fleets of trucks. That began to change in the early 2000s, when we expanded to offer facility management services. Since then, we’ve multiplied our service offerings to go far beyond truck washing. This change is an exciting one for the future of the company as a whole,” said Jerry DiGiovanni, President of Kept.

 

Furthermore, with the consolidation under one parent entity, there is a strong emphasis on enhancing the overall customer experience. The leaders of Kept Companies have invested significant resources in developing a new intuitive and user-friendly website, ensuring seamless navigation and providing customers with easy access to relevant information, products, and support.

 

The restructuring efforts of Fleetwash, now under Kept Companies, have been met with widespread enthusiasm internally. Employees view the initiative as the company’s commitment to innovation, excellence, and adaptability while still holding onto the deep rooted services the company was built on.

 

About Kept

Kept is the parent company of nine leading facility maintenance brands. It started as a single mobile washing business, and today, offers a comprehensive suite of services, with over thirteen hundred skilled employees, and one thousand fully-equipped vehicles.

 

Since the beginning, hard work and perseverance have fueled the company’s success. The company’s continued investments in sustainability, innovation, and technology allow each of the Kept brands to provide the best service, at the best possible cost.

Contacts

For media inquiries:

Jerry DiGiovanni

President

Kept Companies

tel:19734175071

JerryD@keptcompanies.com

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Construction begins on ‘The District at 15fifteen’ in Parsippany, NJ

New mixed-use development will bring 60,000 SF of retail space and 498 apartments to the heart of Morris County, N.J.

 

PARSIPPANY, N.J. — (BUSINESS WIRE) — A joint venture of Stanbery Development Group, Claremont Development, and PCCP, LLC has broken ground on The District at 15fifteen — a master-planned, mixed-use development in the heart of Morris County, New Jersey. New York Life Insurance Company is providing the construction loan for the project.


Located at 1515 Route 10 in Parsippany, N.J., The District at 15fifteen will feature approximately 60,000 square feet of high-end and local retailers, full and quick-service restaurants, boutique fitness and specialty services, along with a 498-unit luxury apartment community. The three-building, streetscape-style complex will serve as a one-of-a-kind destination that encourages community gatherings with year-round programming such as farmer’s markets, music in the park, food trucks, and family movie nights.

 

“By bringing new job, commercial, and housing opportunities to Parsippany, this exciting project takes a stagnant property and creates unique and vibrant possibilities that are part of the fabric making Parsippany one of the best places to live, work, and play in NJ,” said Mayor James R. Barberio.

 

The District at 15fifteen will feature 498 thoughtfully designed luxury rental homes, including 42 affordable units and 49 age-restricted units for residents 55 and over. Spread across two buildings and comprising a mix of studio, one- and two-bedroom units, phase one will be a four-story, wood-framed building with two exterior courtyards and phase two will be a five-story, wood-framed building wrapping an 853-space parking deck with one exterior courtyard. An additional 209 surface parking spaces will also be available with the option of valet parking. Both areas will service the entire development, offering easy access for both residents, retail customers and visitors.

 

The District at 15fifteen will feature high-end interior finishes and amenitized common spaces tailored to the work-from-home lifestyle. Residents will enjoy access to a full suite of resort-style, modern amenities including a fitness center, yoga studio, pool, lounge area, conference center, co-working/work-from-home options, and dog spa. The 49 age-restricted units will also include access to their own private lobby and amenities including a fitness center, co-working area, party room, and roof deck.

 

“Over the last several years we have seen Parsippany, and specifically the stretch of Route 10 between Interstate 287 and Route 202, experience an immense transformation with an influx of national retail, restaurant, and hotel options aimed at serving both residents and the large daytime worker population in Morris County,” said Marc Hays, Partner, Acquisitions and Leasing at Stanbery Development Group. “We, alongside our partners at Claremont Development and PCCP, saw an opportunity to cater to that growing need and anchor this bustling section of the Route 10 corridor with not only a high-quality, mixed-use environment, but a new, vibrant town center that cannot be found anywhere else in the region.”

 

The “pedestrian first” town center design of The District at 15fifteen will provide access for vehicles as well as pedestrian crosswalks that create a livable and walkable design for locals, visitors and the tens of thousands of workers whose headquarters and offices can be found in the area, including Wyndham Worldwide, Avis/Budget Group, Tiffany & Co. and Zoetis, among others.

 

“As young working professionals continue to seek out accommodations in nearby urban centers, suburban-based companies have been challenged with attracting and retaining a talented workforce,” said Maximilian Dorne, Partner at Claremont Development. “The District at 15fifteen will provide the amenities and modern living options millennials crave and serve as a significant tool for attracting and retaining a qualified pool of employees and employers in Parsippany and the surrounding area. The ability to seamlessly walk to the community’s commercial core for a cup of coffee, morning yoga class, business lunch, or dinner and drinks with friends, caters to this group as well as the active lifestyles of 55 and older residents. The District at 15fifteen has something for everyone.”

 

The District at 15fifteen has been approved by the New Jersey Department of Transportation to complete roadway improvements that will enhance vehicular circulation to both Route 10 East and West, as well as provide a tie-in to the Dryden Way jug handle. The road improvement will provide a direct connection to the Dryden Way ramps at Route 10 and to the office park immediately across Route 10, formerly known as the Mack-Cali office park, without so much as hitting a traffic light. The direct connection will provide a regional benefit by removing vehicle trips through the intersection of Route 10 and Route 202 while opening an alternative point of access for several other commercial properties.

 

First move-ins are slated for Fall 2024 with the retail and restaurant portions slated for completion in Fall 2025.

 

To learn more about The District at 15fifteen please visit: https://www.district1515.com/

 

About Stanbery Development Group

Stanbery Development Group is a real estate development firm specializing in the acquisition, development and redevelopment, leasing, and asset management of retail driven projects. Since our founding in 2000, Stanbery has been focused on real estate throughout the eastern United States and has developed approximately $1 billion of commercial real estate. Stanbery’s success has been built on a team with a unique blend of talent that covers all aspects of the development and redevelopment life cycle. We couple our agility and quick decision making, with the full range of industry experience and knowledge found in a large firm. As the retail climate has changed, Stanbery has adapted its core focus and now concentrates on mixed-use development, highlighting the synergies between various commercial uses such as multifamily, hotel and retail.

 

About Claremont Development

Claremont Development is a real estate development firm that focuses primarily on ground-up development of multifamily, industrial, and mixed-use projects throughout New Jersey. We leverage our in-house expertise and strategic partnerships to navigate all elements of the development and construction process in order to minimize our risks and maximize returns. Our ability to identify, acquire, entitle, design, finance and construct projects has set Claremont apart from our competitors. Our core investment strategy focuses on transit-oriented multi-family development opportunities in strong demographic locations, adaptive re-use projects in underutilized urban downtowns, strategic development projects that require substantial environmental remediation efforts, as well as underutilized / off-market properties that can be transitioned into higher density community centers or industrial space.

 

Claremont Development is responsible for over $2.0 billion of ground up development projects.

 

About PCCP, LLC

PCCP, LLC is a real estate finance and investment management firm focused on commercial real estate debt and equity investments. PCCP has $21.0 billion in assets under management on behalf of institutional investors. With offices in New York, San Francisco, Atlanta, and Los Angeles, PCCP has a 24-year track record of providing real estate owners and investors with a broad range of funding options to meet capital requirements. PCCP underwrites the entire capital stack to exploit inefficiencies in the market and provide investors with attractive risk-adjusted returns. Since its inception in 1998, PCCP has managed, raised or invested over $36.8 billion of capital through a series of investment vehicles including private equity funds, separate accounts and joint ventures. PCCP continues to seek investment opportunities with experienced operators seeking fast and reliable capital. Learn more about PCCP at www.pccpllc.com.

 

About New York Life Insurance Company

New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest1 mutual life insurance company in the United States and one of the largest life insurers in the world. Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments, and long-term care insurance. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies.2

 

1Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 5/23/2022. For methodology, please see http://fortune.com/fortune500/.

 

2Individual independent rating agency commentary as of 10/18/2022: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).

Contacts

MEDIA:
Sam DePasquale

Antenna | Spaces

districtat1515@antennagroup.com
(646) 935-3558

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Fuji Electric launches new MONITOUCH V10 series

EDISON, N.J. — (BUSINESS WIRE) — #HMI — Fuji Electric Corp is excited to announce the launch of the NEW MONITOUCH V10 HMI Series. The V10 joins the MONITOUCH V9, TechnoShot, and X1 series of HMI products available from Fuji Electric Corp. The new MONITOUCH V10 Series offers the high-speed processing of a quad-core CPU, allowing for stable operation and communication on high-load screens, an advanced storage device (eMMC) reducing startup/transfer time and man-hours, and the panel cutout size and functions are fully compatible with existing V series!


The new MONITOUCH V10 focuses on the six basic performance aspects of HMIs: Rendering and Operation, offering the highest screen switching speed and quickest input response time. Start-up and Transfer speed for the shortest power on time and highest screen data transfer speed. Communication speed reduces the read and write time of device data. Custom Code at the highest processing speed for rapid macro command execution. These features benefit designers, operators, and maintenance engineers in every application.

 

Fuji Electric Corp. of America is a wholly owned subsidiary of Fuji Electric Co., Ltd., headquartered in Tokyo, Japan and has been responsible for sales and distribution of the company’s products since 1970. Fuji Electric Co., Ltd. began developing power electronics equipment in 1923, and is a global leader in industrial products ranging from semiconductors, HMIs, contactors, relays, and power generation equipment to AC drives and uninterruptible power supply systems. For more information, please visit https://americas.fujielectric.com/or follow us on LinkedIn and Twitter.

Contacts

Media:

Lisa Pross

Fuji Electric Marketing Manager

FEAmarketing@fujielectric.com

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Cenntro announces receipt of Nasdaq noncompliance notice regarding late filing of quarterly report on Form 10-Q

FREEHOLD, N.J. — (BUSINESS WIRE) — Cenntro Electric Group Limited (NASDAQ: CENN) “(Cenntro” or “the Company),” a leading EV technology company with advanced, market-validated electric commercial vehicles, announced today that it received a written notice (the “Notice)” from The Nasdaq Stock Market LLC “(Nasdaq)” that the Company has remained noncompliant with Nasdaq Listing Rule 5250(c)(1) (the “Rule)” as a result of its failure to file both its annual report on Form 10-K for the year ended December 31, 2022 (the “2022 Form 10-K),” and quarterly report for the fiscal quarter ended March 31, 2023 (the “Q1 Form 10-Q)” with the Securities and Exchange Commission (the “SEC)” by the required due dates.

 

This Notice has no immediate effect on the listing of the Company’s shares on Nasdaq.

 

The Notice regarding the Company’s Q1 Form 10-Q was supplemental to the written notice received from Nasdaq on April 25, 2023 (the “Original Notice”). Under Nasdaq Rules, the Company has 60 calendar days from receipt of the Original Notice to submit a plan to regain compliance with the Rule. If Nasdaq accepts the Company’s plan, Nasdaq may grant an exception of up to 180 calendar days from the due date of the 2022 Form 10-K and Q1 Form 10-Q or until October 16, 2023, to regain compliance. The Company is currently engaged with its new auditor to formulate a plan and the related audit work to regain compliance with the rule. If the Company remains noncompliant with the Rule at the end of the 180-day extension period, the Company’s shares of common stock will be subject to delisting from Nasdaq.

 

About Cenntro Electric Group

Cenntro Electric Group Ltd. (or “Cenntro”) (NASDAQ: CENN) is a leading designer and manufacturer of electric commercial vehicles. Cenntro’s purpose-built ECVs are designed to serve a variety of organizations in support of city services, last-mile delivery, and other commercial applications. Cenntro plans to lead the transformation in the automotive industry through scalable, decentralized production, and smart driving solutions empowered by the Cenntro iChassis. For more information, please visit Cenntro’s website at: www.cenntroauto.com.

 

Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. Such statements may be, but need not be, identified by words such as “may,” “believe,” “anticipate,” “could,” “should,” “intend,” “plan,” “will,” “aim(s),” “can,” “would,” “expect(s),” “estimate(s),” “project(s),” “forecast(s)”, “positioned,” “approximately,” “potential,” “goal,” “strategy,” “outlook” and similar expressions. Examples of forward-looking statements include, among other things, statements regarding assembly and distribution capabilities, decentralized production, and fully digitalized autonomous driving solutions. All such forward-looking statements are based on management’s current beliefs, expectations, and assumptions, and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed or implied in this communication. For additional risks and uncertainties that could impact Cenntro’s forward-looking statements, please see disclosures contained in Cenntro’s public filings with the Securities and Exchange Commission (the “SEC),” including the “Risk Factors” in Cenntro’s Annual Report on Form 20-F/A filed with the SEC on August 5, 2022 and which may be viewed at www.sec.gov.

 

Contacts

Investor Relations Contact:
MZ North America

CENN@mzgroup.us
949-491-8235

Company Contact:

PR@cenntroauto.com
IR@cenntroauto.com